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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Servicing and subservicing fees $ 222,227 $ 255,801 $ 444,365 $ 528,303
Gain on loans held for sale, net 24,393 28,255 44,193 51,199
Other 6,961 27,244 25,280 53,662
Total revenue 253,581 311,300 513,838 633,164
Expenses        
Compensation and benefits 69,838 90,411 147,913 182,212
Professional services 32,389 65,405 70,159 107,234
Servicing and origination 28,276 35,645 59,694 75,815
Technology and communications 23,906 24,254 46,709 51,601
MSR valuation adjustments, net 33,118 41,568 50,247 82,020
Occupancy and equipment 12,859 16,480 25,473 34,229
Other 5,264 6,717 11,956 23,752
Total expenses 205,650 [1] 280,480 412,151 [1] 556,863
Other income (expense)        
Interest income 3,355 4,239 6,055 8,002
Interest expense (77,503) (81,128) (128,313) (165,190)
Gain on sale of mortgage servicing rights, net 78 1,033 1,036 1,320
Other, net (2,266) 3,428 (3,905) 7,461
Total other expense, net (76,336) (72,428) (125,127) (148,407)
Loss before income taxes (28,405) (41,608) (23,440) (72,106)
Income tax expense 1,348 2,828 3,696 4,953
Net loss (29,753) (44,436) (27,136) (77,059)
Net income attributable to non-controlling interests (78) (71) (147) (172)
Net loss attributable to Ocwen stockholders $ (29,831) $ (44,507) $ (27,283) $ (77,231)
Loss per share attributable to Ocwen stockholders        
Basic (in USD per share) $ (0.22) $ (0.36) $ (0.20) $ (0.62)
Diluted (in USD per share) $ (0.22) $ (0.36) $ (0.20) $ (0.62)
Weighted average common shares outstanding        
Basic (in shares) 133,856,132 124,582,280 133,490,828 124,300,171
Diluted (in shares) [2] 133,856,132 124,582,280 133,490,828 124,300,171
[1] Expenses in the Corporate Items and Other segment for the three and six months ended June 30, 2018 includes $1.6 million and $7.3 million, respectively, of severance expense attributable to headcount reductions in connection with our strategic initiatives to exit the ACS business and the forward lending correspondent and wholesale channels, as well as our overall efforts to reduce costs.
[2] Stock options were anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock.