XML 74 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Operations Restated (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest expense $ (133,049) $ (116,885) $ (409,129) $ (319,564)
Total other expense, net (130,925) (115,535) (391,723) (323,005)
Income before income taxes (72,266) 69,445 76,614 198,895
Income tax expense (benefit) 2,992 8,873 24,374 23,752
Net income (loss) (75,258) 60,572 52,240 175,143
Net income attributable to Ocwen common stockholders (76,189) 54,725 49,273 164,120
Earnings (loss) per share attributable to Ocwen common stockholders        
Basic (in USD per share) $ (0.58) $ 0.40 $ 0.37 $ 1.21
Diluted (in USD per share) $ (0.58) $ 0.39 $ 0.36 $ 1.17
As Reported [Member]
       
Interest expense   (110,055)   (303,339)
Total other expense, net   (108,705)   (306,780)
Income before income taxes   76,275   215,120
Income tax expense (benefit)   9,273   26,250
Net income (loss)   67,002   188,870
Net income attributable to Ocwen common stockholders   61,155   177,847
Earnings (loss) per share attributable to Ocwen common stockholders        
Basic (in USD per share)   $ 0.45   $ 1.31
Diluted (in USD per share)   $ 0.44   $ 1.27
Restatement Adjustment [Member]
       
Interest expense   (6,830)   (16,225)
Total other expense, net   (6,830)   (16,225)
Income before income taxes   (6,830)   (16,225)
Income tax expense (benefit)   (400)   (2,498)
Net income (loss)   (6,430)   (13,727)
Net income attributable to Ocwen common stockholders   $ (6,430)   $ (13,727)
Earnings (loss) per share attributable to Ocwen common stockholders        
Basic (in USD per share)   $ (0.05)   $ (0.10)
Diluted (in USD per share)   $ (0.05)   $ (0.10)