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Basic and Diluted Earnings (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] |
Schedule of Reconciliation of Calculation of Basic Loss per Share to Diluted Loss per Share |
| Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Basic earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 129,769,092 |  |  | 134,465,741 |  |  | 132,313,964 |  |  | 134,193,874 |
Basic income (loss) per share | $ | 0.02 |  |  | $ | (0.67 | ) |  | $ | (0.18 | ) |  | $ | (1.00 | )
Diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 129,769,092 |  |  | 134,465,741 |  |  | 132,313,964 |  |  | 134,193,874 |
Effect of dilutive elements |  |  |  |  |  |  |
Stock option awards | — |  |  | — |  |  | — |  |  | — |
Common stock awards | 153,251 |  |  | — |  |  | — |  |  | — |
Dilutive weighted average shares of common stock | 129,922,343 |  |  | 134,465,741 |  |  | 132,313,964 |  |  | 134,193,874 |
Diluted earnings (loss) per share | $ | 0.02 |  |  | $ | (0.67 | ) |  | $ | (0.18 | ) |  | $ | (1.00 | )
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share |  |  |  |  |  |  |
Anti-dilutive (1) | 3,175,931 |  |  | 4,107,485 |  |  | 3,681,157 |  |  | 4,126,819 |
Market-based (2) | 1,880,954 |  |  | 854,181 |  |  | 1,880,954 |  |  | 854,181 |
(1) | Includes stock options that are anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock, and stock awards that are anti-dilutive based on the application of the treasury stock method.
(2) | Shares that are issuable upon the achievement of certain market-based performance criteria related to Ocwen’s stock price.
As disclosed in Note 13 – Equity, on July 28, 2020, Ocwen determined to implement a reverse stock split in a ratio of one-for-15, which is expected to take effect in August 2020. The above computation of earnings (loss) per share reflects the number of common stock without consideration for the reverse stock split, because it is not effective as of the date the financial statements are issued. The below pro-forma computation of earnings (loss) per share reflects the number of common stock shares giving consideration for the one-for-15 reverse stock split assuming it was retroactively effective for each of the periods presented:
Pro-forma computation of earnings (loss) per share assuming a one-for-15 reverse stock split: | Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Basic earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 8,651,273 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Basic income (loss) per share | $ | 0.23 |  |  | $ | (10.01 | ) |  | $ | (2.67 | ) |  | $ | (15.00 | )
Diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 8,651,273 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Effect of dilutive elements |  |  |  |  |  |  |
Stock option awards | — |  |  | — |  |  | — |  |  | — |
Common stock awards | 10,217 |  |  | — |  |  | — |  |  | — |
Dilutive weighted average shares of common stock | 8,661,490 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Diluted earnings (loss) per share | $ | 0.23 |  |  | $ | (10.01 | ) |  | $ | (2.67 | ) |  | $ | (15.00 | )
Pro Forma [Member] |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] |
Schedule of Reconciliation of Calculation of Basic Loss per Share to Diluted Loss per Share | The below pro-forma computation of earnings (loss) per share reflects the number of common stock shares giving consideration for the one-for-15 reverse stock split assuming it was retroactively effective for each of the periods presented:
Pro-forma computation of earnings (loss) per share assuming a one-for-15 reverse stock split: | Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Basic earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 8,651,273 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Basic income (loss) per share | $ | 0.23 |  |  | $ | (10.01 | ) |  | $ | (2.67 | ) |  | $ | (15.00 | )
Diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 1,954 |  |  | $ | (89,737 | ) |  | $ | (23,535 | ) |  | $ | (134,231 | )
Weighted average shares of common stock | 8,651,273 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Effect of dilutive elements |  |  |  |  |  |  |
Stock option awards | — |  |  | — |  |  | — |  |  | — |
Common stock awards | 10,217 |  |  | — |  |  | — |  |  | — |
Dilutive weighted average shares of common stock | 8,661,490 |  |  | 8,964,383 |  |  | 8,820,931 |  |  | 8,946,258 |
Diluted earnings (loss) per share | $ | 0.23 |  |  | $ | (10.01 | ) |  | $ | (2.67 | ) |  | $ | (15.00 | )

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