NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

16.  NET INCOME (LOSS) PER COMMON SHARE

The following table presents a reconciliation of net income (loss) and shares used in calculating basic and diluted net income (loss) per share for the three months ended March 31, 2019 and March 31, 2018.

	For the Three Months Ended
	March 31, 2019			March 31, 2018
	(dollars in thousands, except per share data)
Net income (loss)	$	(849,251	)	$	1,327,704
Net income (loss) attributable to noncontrolling interests	(101		)	(96		)
Net income (loss) attributable to Annaly	(849,150		)	1,327,800
Dividends on preferred stock	32,494			33,766
Net income (loss) available (related) to common stockholders	$	(881,644	)	$	1,294,034
Weighted average shares of common stock outstanding-basic	1,398,614,205			1,159,617,848
Add: Effect of stock awards, if dilutive	—			485,337
Weighted average shares of common  stock outstanding-diluted	1,398,614,205			1,160,103,185
Net income (loss) per share available (related) to common share
Basic	$	(0.63	)	$	1.12
Diluted	$	(0.63	)	$	1.12

Options to purchase 0.2 million shares and 0.8 million shares of common stock were outstanding and considered anti-dilutive as their exercise price and option expense exceeded the average stock price for the three months ended March 31, 2019 and March 31, 2018, respectively.