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NET INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
Mar. 31, 2016
NET INCOME (LOSS) PER COMMON SHARE
14. 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 quarters ended March 31, 2016 and 2015.
   
For the Quarters Ended
  
   
March 31, 2016
    
March 31, 2015
  
   
(dollars in thousands, except per share data)
  
Net income (loss)
   $
(868,080
)
  
$ 
(476,499
)
Less: Net income (loss) attributable to noncontrolling interest
    
(162
)
    
(90
)
Net income (loss) attributable to Annaly
    
(867,918
)
    
(476,409
)
Less: Preferred stock dividends
    
17,992
      
17,992
  
Net income (loss) per share available (related) to common stockholders, prior to adjustment for dilutive potential common shares, if necessary
    
(885,910
)
    
(494,401
)
Add: Interest on Convertible Senior Notes, if dilutive
    
-
      
-
  
Net income (loss) available to common stockholders, as adjusted
  
$ 
(885,910
)
  
$ 
(494,401
)
Weighted average shares of common stock outstanding-basic
    
926,813,588
      
947,669,831
  
Add: Effect of stock awards and Convertible Senior Notes, if dilutive
    
-
      
-
  
Weighted average shares of common stock outstanding-diluted
    
926,813,588
      
947,669,831
  
Net income (loss) per share available (related) to common share:
                
Basic
  
$
(0.96
)
  
$
(0.52
)
Diluted
  
$
(0.96
)
  
$
(0.52
)
Options to purchase 1.1 million and 2.3 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 quarters ended March 31, 2016 and 2015, respectively.