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Basic and Diluted Earnings (Loss) per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
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 restricted stock awards, stock options and warrants as determined using the treasury stock method. For 2020 and 2019, 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,
202120202019
Basic earnings (loss) per share
Net income (loss) $18,078 $(40,178)$(142,125)
Weighted average shares of common stock outstanding9,021,975 8,748,725 8,962,961 
Basic earnings (loss) per share$2.00 $(4.59)$(15.86)
Diluted earnings (loss) per share
Net income (loss) $18,078 $(40,178)$(142,125)
Weighted average shares of common stock9,021,975 8,748,725 8,962,961 
Effect of dilutive elements
Contingent issuance of common stock38,685 — — 
Common stock warrants152,208 — — 
Stock option awards60 — — 
Common stock awards169,539 — — 
Dilutive weighted average shares of common stock9,382,467 8,748,725 8,962,961 
Diluted earnings (loss) per share$1.93 $(4.59)$(15.86)
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share
Anti-dilutive (1)143,593 199,079 211,175 
Market-based (2)87,509 125,395 52,480 
(1)Includes stock options 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.