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Basic and Diluted Earnings (Loss) per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
Note 18 – 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. For the three and six months ended June 30, 2021, 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.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Basic earnings (loss) per share
Net income (loss)$10,354 $(10,322)$68,436 $(1,779)
Weighted average shares of common stock
9,257,089 8,999,544 9,236,221 8,844,637 
Basic earnings (loss) per share$1.12 $(1.15)$7.41 $(0.20)
Diluted earnings (loss) per share
Net income (loss)$10,354 $(10,322)$68,436 $(1,779)
Weighted average shares of common stock9,257,089 8,999,544 9,236,221 8,844,637 
Effect of dilutive elements
Common stock warrants— — 139,160 — 
Stock option awards— — 37 — 
Common stock awards109,517 — 138,784 — 
Dilutive weighted average shares of common stock
9,366,606 8,999,544 9,514,202 8,844,637 
Diluted earnings (loss) per share$1.11 $(1.15)$7.19 $(0.20)
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share
Anti-dilutive (1)460,512 119,262 279,516 149,744 
Market-based (2)76,534 41,528 76,534 41,528 
(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.