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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Servicing and subservicing fees $ 255,863 $ 222,138
Gain on loans held for sale, net 17,595 19,800
Other revenue, net 30,430 18,319
Total revenue 303,888 260,257
Expenses    
MSR valuation adjustments, net 108,998 17,129
Compensation and benefits 94,696 78,075
Servicing and origination 28,698 31,418
Technology and communications 24,435 22,803
Occupancy and equipment 16,589 12,614
Professional services 3,441 37,770
Other expenses 3,248 6,692
Total expenses [1] 280,105 [2] 206,501
Other income (expense)    
Interest income 4,558 2,700
Interest expense (70,445) (50,810)
Bargain purchase gain (285) 0
Other, net 1,305 (681)
Total other expense, net (64,867) (48,791)
Income (loss) before income taxes (41,084) 4,965
Income tax expense 3,410 2,348
Net income (loss) (44,494) 2,617
Net income attributable to non-controlling interests 0 (69)
Net income (loss) attributable to Ocwen stockholders $ (44,494) $ 2,548
Income (loss) per share attributable to Ocwen stockholders    
Basic (in USD per share) $ (0.33) $ 0.02
Diluted (in USD per share) $ (0.33) $ 0.02
Weighted average common shares outstanding    
Basic (in shares) 133,918,986 133,121,465
Diluted (in shares) 133,918,986 134,606,929
[1] Compensation and benefits expense in the Corporate Items and Other segment for the three months ended March 31, 2019 and 2018 includes $18.5 million and $5.6 million, respectively, of severance expense attributable to PHH integration-related headcount reductions of primarily U.S.-based employees in 2019 and headcount reductions in connection with our strategic decisions to exit the automotive capital services business and the forward lending correspondent and wholesale channels in late 2017 and early 2018, as well as our overall efforts to reduce costs.
[2] In the Corporate Items and Other segment for the three months ended March 31, 2019, we recorded in Professional services expense a recovery from a service provider of $30.7 million of amounts previously recognized as expense.