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Basic and Diluted Earnings (Loss) per Share
 12 Months Ended
Dec. 31, 2023
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 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.
Years Ended December 31,
202320222021
Basic earnings (loss) per share
Net income (loss) $(63.7)$25.7 $18.1 
Weighted average shares of common stock outstanding7,635,584 8,647,399 9,021,975 
Basic earnings (loss) per share$(8.34)$2.97 $2.00 
Diluted earnings (loss) per share
Net income (loss) $(63.7)$25.7 $18.1 
Weighted average shares of common stock7,635,584 8,647,399 9,021,975 
Effect of dilutive elements
Contingent issuance of common stock— — 38,685 
Common stock warrants— 158,542 152,208 
Stock option awards— 18 60 
Common stock awards— 191,347 169,539 
Dilutive weighted average shares of common stock7,635,584 8,997,306 9,382,467 
Diluted earnings (loss) per share$(8.34)$2.85 $1.93 
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share
Anti-dilutive (1)66,710 222,602 143,593 
Market-based (2)58,397 62,867 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.