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Basic and Diluted Earnings per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share
Note 18 – Basic and Diluted Earnings 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 September 30,Nine Months Ended September 30,
2022202120222021
Basic earnings per share
Net income$36,939 $21,552 $105,375 $19,773 
Weighted average shares of common stock
8,530,209 9,189,030 8,998,298 8,960,696 
Basic earnings per share$4.33 $2.35 $11.71 $2.21 
Diluted earnings per share
Net income$36,939 $21,552 $105,375 $19,773 
Weighted average shares of common stock8,530,209 9,189,030 8,998,298 8,960,696 
Effect of dilutive elements
Common stock warrants131,092 65,593 136,471 97,426 
Stock option awards— — 24 — 
Common stock awards205,624 147,235 161,064 161,049 
Dilutive weighted average shares of common stock
8,866,925 9,401,858 9,295,857 9,270,751 
Diluted earnings per share$4.17 $2.29 $11.34 $2.13 
Stock options and common stock awards excluded from the computation of diluted earnings per share
Anti-dilutive (1)271,933 166,153 276,988 155,213 
Market-based (2)68,236 87,509 68,236 87,509 
(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.