XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

Basic and Diluted Earnings per Share | 9 Months Ended
--- | ---
Sep. 30, 2023
Earnings Per Share [Abstract] |
Basic and Diluted Earnings per Share |
Note 16 – 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. For the nine months ended September 30, 2023, we have excluded the effect of all stock options, common stock awards and warrants from the computation of diluted loss per share because of the anti-dilutive effect of our reported net loss.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2023 |  | 2022 |  | 2023 |  | 2022
Basic earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 8.5 |  |  | $ | 36.9 |  |  | $ | (16.2) |  |  | $ | 105.4 |
Weighted average shares of common stock | 7,677,008 |  |  | 8,530,209 |  |  | 7,621,569 |  |  | 8,998,298 |
Basic earnings (loss) per share | $ | 1.10 |  |  | $ | 4.33 |  |  | $ | (2.13) |  |  | $ | 11.71 |
Diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) | $ | 8.5 |  |  | $ | 36.9 |  |  | $ | (16.2) |  |  | $ | 105.4 |
Weighted average shares of common stock | 7,677,008 |  |  | 8,530,209 |  |  | 7,621,569 |  |  | 8,998,298 |
Effect of dilutive elements |  |  |  |  |  |  |
Common stock warrants | 174,712 |  |  | 131,092 |  |  | — |  |  | 136,471 |
Stock option awards | — |  |  | — |  |  | — |  |  | 24 |
Common stock awards | 208,358 |  |  | 205,624 |  |  | — |  |  | 161,064 |
Dilutive weighted average shares of common stock | 8,060,078 |  |  | 8,866,925 |  |  | 7,621,569 |  |  | 9,295,857 |
Diluted earnings (loss) per share | $ | 1.05 |  |  | $ | 4.17 |  |  | $ | (2.13) |  |  | $ | 11.34 |
Stock options and common stock awards excluded from the computation of diluted earnings per share |  |  |  |  |  |  |
Anti-dilutive (1) | 64,870 |  |  | 271,933 |  |  | 61,425 |  |  | 276,988 |
Market-based (2) | 61,354 |  |  | 68,236 |  |  | 61,354 |  |  | 68,236 |
(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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration