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Basic and Diluted Earnings (Loss) per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
Note 17 – 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 period. 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.
Three Months Ended March 31,
20222021
Basic earnings (loss) per share
Net income (loss)$58,082 $8,543 
Weighted average shares of common stock
9,215,122 8,688,009 
Basic earnings (loss) per share$6.30 $0.98 
Diluted earnings (loss) per share
Net income (loss)$58,082 $8,543 
Weighted average shares of common stock9,215,122 8,688,009 
Effect of dilutive elements
Common stock warrants278,320 34,309 
Stock option awards73 — 
Common stock awards168,052 155,174 
Dilutive weighted average shares of common stock
9,661,567 8,877,492 
Diluted earnings (loss) per share$6.01 $0.96 
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share
Anti-dilutive (1)98,520 180,225 
Market-based (2)166,269 157,581 
(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.