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Basic and Diluted Earnings (Loss) per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
Note 17 – Basic and Diluted Earnings (Loss) per Share
Basic earnings or loss per share excludes common stock equivalents and is calculated by dividing net income or loss attributable to Ocwen common stockholders by the weighted average number of common shares outstanding during the period. We calculate diluted earnings or loss per share by dividing net income attributable to Ocwen by the weighted average number of common shares outstanding including the potential dilutive common shares related to outstanding stock options and restricted stock awards. The following is a reconciliation of the calculation of basic loss per share to diluted loss per share:
Periods ended September 30,
Three Months
 
Nine Months
2017
 
2016
 
2017
 
2016
Basic loss per share
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen stockholders
$
(6,252
)
 
$
9,391

 
$
(83,483
)
 
$
(189,318
)
 
 
 
 
 
 
 
 
Weighted average shares of common stock
128,744,152

 
123,986,987

 
125,797,777

 
123,991,343

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.05
)
 
$
0.08

 
$
(0.66
)
 
$
(1.53
)
 
 
 
 
 
 
 
 
Diluted loss per share (1)
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen stockholders
$
(6,252
)
 
$
9,391

 
$
(83,483
)
 
$
(189,318
)
 
 
 
 
 
 
 
 
Weighted average shares of common stock
128,744,152

 
123,986,987

 
125,797,777

 
123,991,343

Effect of dilutive elements (1):
 
 
 
 
 
 
 
Stock option awards
—

 
—

 
—

 
—

Common stock awards
—

 
147,520

 
—

 
—

Dilutive weighted average shares of common stock
128,744,152

 
124,134,507

 
125,797,777

 
123,991,343

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
(0.05
)
 
$
0.08

 
$
(0.66
)
 
$
(1.53
)
 
 
 
 
 
 
 
 
Stock options and common stock awards excluded from the computation of diluted earnings per share
 
 
 
 
 
 
 
Anti-dilutive (2)
6,600,164

 
6,890,882

 
5,121,844

 
7,285,539

Market-based (3)
862,446

 
1,917,456

 
862,446

 
1,917,456

 
(1)
For the three and nine months ended September 30, 2017 and the nine months ended September 30, 2016, we have excluded the effect of stock options and common stock awards from the computation of diluted loss per share because of the anti-dilutive effect of our reported net loss.
(2)
Stock options were anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock.
(3)
Shares that are issuable upon the achievement of certain market-based performance criteria related to Ocwen’s stock price.