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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Servicing and subservicing fees $ 233,220 $ 302,235 $ 761,523 $ 906,993
Gain on loans held for sale, net 25,777 25,645 76,976 69,074
Other 25,645 31,568 79,307 87,192
Total revenue 284,642 359,448 917,806 1,063,259
Expenses        
Compensation and benefits 90,538 92,942 272,750 287,613
Servicing and origination 72,524 63,551 204,947 249,230
Professional services 38,417 65,489 145,651 257,795
Technology and communications 27,929 25,941 79,530 85,519
Occupancy and equipment 15,340 16,760 49,569 62,213
Amortization of mortgage servicing rights 13,148 (2,558) 38,560 18,595
Other 15,583 9,553 39,335 24,388
Total expenses 273,479 271,678 830,342 985,353
Other income (expense)        
Interest income 4,099 5,158 12,101 14,488
Interest expense (47,281) (110,961) (212,471) (308,083)
Gain on sale of mortgage servicing rights, net 6,543 5,661 7,863 7,689
Other, net (1,077) 14,736 6,384 11,841
Total other expense, net (37,716) (85,406) (186,123) (274,065)
Income (loss) before income taxes (26,553) 2,364 (98,659) (196,159)
Income tax benefit (20,418) (7,110) (15,465) (7,214)
Net income (loss) (6,135) 9,474 (83,194) (188,945)
Net income attributable to non-controlling interests (117) (83) (289) (373)
Net income (loss) attributable to Ocwen stockholders $ (6,252) $ 9,391 $ (83,483) $ (189,318)
Income (loss) per share attributable to Ocwen stockholders        
Basic (in USD per share) $ (0.05) $ 0.08 $ (0.66) $ (1.53)
Diluted (in USD per share) $ (0.05) $ 0.08 $ (0.66) $ (1.53)
Weighted average common shares outstanding        
Basic (in shares) 128,744,152 123,986,987 125,797,777 123,991,343
Diluted (in shares) [1] 128,744,152 124,134,507 125,797,777 123,991,343
[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.