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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Note 27 — Quarterly Results of Operations (Unaudited)
| Quarters Ended
| December 31, 2020 |  | September 30, 2020 |  | June 30, 2020 |  | March 31, 2020
Revenue | $ | 231,011 |  |  | $ | 249,035 |  |  | $ | 227,024 |  |  | $ | 253,842 |
MSR valuation adjustments, net (1) | (20,553) |  |  | (33,814) |  |  | (23,434) |  |  | (174,120) |
Operating expenses | 144,159 |  |  | 149,522 |  |  | 144,809 |  |  | 137,214 |
Other income (expense), net | (67,108) |  |  | (77,073) |  |  | (64,937) |  |  | (29,853) |
Income (loss) before income taxes | (809) |  |  | (11,374) |  |  | (6,156) |  |  | (87,345) |
Income tax expense (benefit) | 6,414 |  |  | (1,954) |  |  | (8,110) |  |  | (61,856) |
Net income (loss) attributable to Ocwen stockholders | $ | (7,223) |  |  | $ | (9,420) |  |  | $ | 1,954 |  |  | $ | (25,489) |
Earnings (loss) per share attributable to Ocwen stockholders (2) |  |  |  |  |  |  |
Basic | $ | (0.83) |  |  | $ | (1.09) |  |  | $ | 0.23 |  |  | $ | (2.84) |
Diluted | (0.83) |  |  | (1.09) |  |  | 0.23 |  |  | (2.84) |
| Quarters Ended
| December 31, 2019 |  | September 30, 2019 |  | June 30, 2019 |  | March 31, 2019
Revenue | $ | 261,634 |  |  | $ | 283,515 |  |  | $ | 274,338 |  |  | $ | 303,888 |
MSR valuation adjustments, net (1) | 829 |  |  | 134,561 |  |  | (147,268) |  |  | (108,998) |
Operating expenses | 139,321 |  |  | 179,285 |  |  | 184,226 |  |  | 171,107 |
Other income (expense), net | (85,899) |  |  | (277,108) |  |  | (27,177) |  |  | (64,867) |
Income (loss) before income taxes | 37,243 |  |  | (38,317) |  |  | (84,333) |  |  | (41,084) |
Income tax expense | 2,370 |  |  | 4,450 |  |  | 5,404 |  |  | 3,410 |
Net income (loss) attributable to Ocwen stockholders | $ | 34,873 |  |  | $ | (42,767) |  |  | $ | (89,737) |  |  | $ | (44,494) |
Earnings (loss) per share attributable to Ocwen stockholders (2) |  |  |  |  |  |  |
Basic | $ | 3.88 |  |  | $ | (4.77) |  |  | $ | (10.01) |  |  | $ | (4.98) |
Diluted | 3.87 |  |  | (4.77) |  |  | (10.01) |  |  | (4.98) |
(1)Positive valuation adjustments indicated in the above table represent fair value gains, and negative valuation adjustments represent fair value losses. (2)Earnings (loss) per share amounts have been adjusted retrospectively to give effect to the one-for-15 reverse stock split effective on August 13, 2020 as if it occurred at the beginning of the first period presented

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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