Basic and Diluted Earnings (Loss) per Share

12 Months Ended

Dec. 31, 2020

Basic and Diluted Earnings (Loss) per Share

Note 21 — 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 2020, 2019 and 2018, we have excluded the effect of all 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,
	2020		2019		2018
Loss from continuing operations, net of tax attributable to Ocwen common stockholders	$	(40,178)	$	(142,125)	$	(72,181)
Income from discontinued operations, net of tax	—		—		1,409
Net loss attributable to Ocwen stockholders	$	(40,178)	$	(142,125)	$	(70,772)

Weighted average shares of common stock outstanding - Basic and Diluted	8,748,725		8,962,961		8,913,558

Earnings (loss) per share - Basic and Diluted
Continuing operations	$	(4.59)	$	(15.86)	$	(8.10)
Discontinued operations	$	—	$	—	$	0.16
Total attributable to Ocwen stockholders	$	(4.59)	$	(15.86)	$	(7.94)
















Stock options and common stock awards excluded from the computation of diluted earnings per share
Anti-dilutive (1)	199,079		211,175		332,648
Market-based (2)	125,395		52,480		44,722

(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 16 — Stockholders’ Equity, Ocwen implemented a reverse stock split in a ratio of one-for-15 effective on August 13, 2020. The above computations of earnings (loss) per share reflect the number of common stock shares after consideration for the reverse stock split. All common share and loss per share amounts have been adjusted retrospectively to give effect to the reverse stock split as if it occurred at the beginning of the first period presented.