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NET INCOME (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 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 years ended December 31, 2019, 2018 and 2017.
 
For the Years Ended
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
 
(dollars in thousands, except per share data)
Net income (loss)
$
(2,163,091
)
 
$
54,148

 
$
1,569,016

Net income (loss) attributable to noncontrolling interests
(226
)
 
(260
)
 
(588
)
Net income (loss) attributable to Annaly
(2,162,865
)
 
54,408

 
1,569,604

Dividends on preferred stock
136,576

 
129,312

 
109,635

Net income (loss) available (related) to common stockholders
$
(2,299,441
)
 
$
(74,904
)
 
$
1,459,969

Weighted average shares of common stock outstanding-basic
1,434,912,682

 
1,209,601,809

 
1,065,923,652

Add: Effect of stock awards, if dilutive
—

 
—

 
427,964

Weighted average shares of common  stock outstanding-diluted
1,434,912,682

 
1,209,601,809

 
1,066,351,616

Net income (loss) per share available (related) to common share
 
 
 
 
 
Basic
$
(1.60
)
 
$
(0.06
)
 
$
1.37

Diluted
$
(1.60
)
 
$
(0.06
)
 
$
1.37



No options to purchase shares of common stock were outstanding for the year ended December 31, 2019. 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 years ended December 31, 2018 and 2017, respectively.