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NET INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
Mar. 31, 2020
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, 2020 and March 31, 2019.
 
For the Three Months Ended
 
March 31, 2020
 
March 31, 2019
 
(dollars in thousands, except per share data)
Net income (loss)
$
(3,640,189
)
 
$
(849,251
)
Net income (loss) attributable to noncontrolling interests
66

 
(101
)
Net income (loss) attributable to Annaly
(3,640,255
)
 
(849,150
)
Dividends on preferred stock
35,509

 
32,494

Net income (loss) available (related) to common stockholders
$
(3,675,764
)
 
$
(881,644
)
Weighted average shares of common stock outstanding-basic
1,430,994,319

 
1,398,614,205

Add: Effect of stock awards, if dilutive
—

 
—

Weighted average shares of common  stock outstanding-diluted
1,430,994,319

 
1,398,614,205

Net income (loss) per share available (related) to common share
 
 
 
Basic
$
(2.57
)
 
$
(0.63
)
Diluted
$
(2.57
)
 
$
(0.63
)


The computations of diluted net income (loss) per share available (related) to common share for the three months ended March 31, 2020 excludes 0.1 million of potentially dilutive restricted stock units and the three months ended March 31, 2019 excludes options to purchase 0.2 million shares of common stock, due to the anti-dilutive effect.