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) |