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Basic and Diluted Earnings (Loss) per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
Note 19 — 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 year. We calculate diluted earnings or loss per share by dividing net income or loss 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. For 2017, 2016 and 2015, 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.
 
Years Ended December 31,
 
2017
 
2016
 
2015
Basic loss per share
 
 
 
 
 
Net loss attributable to Ocwen stockholders
$
(127,966
)
 
$
(199,762
)
 
$
(247,017
)
 
 
 
 
 
 
Weighted average shares of common stock
127,082,058

 
123,990,700

 
125,315,899

 
 
 
 
 
 
Basic loss per share
$
(1.01
)
 
$
(1.61
)
 
$
(1.97
)
 
 
 
 
 
 
Diluted loss per share
 
 
 
 
 
Net loss attributable to Ocwen stockholders
$
(127,966
)
 
$
(199,762
)
 
$
(247,017
)
 
 
 
 
 
 
Weighted average shares of common stock
127,082,058

 
123,990,700

 
125,315,899

Effect of dilutive elements
—

 
—

 
—

Dilutive weighted average shares of common stock
127,082,058

 
123,990,700

 
125,315,899

 
 
 
 
 
 
Diluted loss per share
$
(1.01
)
 
$
(1.61
)
 
$
(1.97
)
 
 
 
 
 
 
Stock options and common stock awards excluded from the computation of diluted earnings per share
 
 
 
 
 
Anti-dilutive (1)
5,487,164

 
7,176,089

 
2,038,588

Market-based (2)
862,446

 
795,456

 
924,438

 

(1)
Stock options were anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock.
(2)
Shares that are issuable upon the achievement of certain market-based performance criteria related to Ocwen’s stock price.