NET INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

17.  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, 2020, 2019 and 2018.

	For the Years Ended
	December 31, 2020		December 31, 2019		December 31, 2018
	(dollars in thousands, except per share data)
Net income (loss)	$	(889,772)	$	(2,163,091)	$	54,148
Net income (loss) attributable to noncontrolling interests	1,391		(226)		(260)
Net income (loss) attributable to Annaly	(891,163)		(2,162,865)		54,408
Dividends on preferred stock	142,036		136,576		129,312
Net income (loss) available (related) to common stockholders	$	(1,033,199)	$	(2,299,441)	$	(74,904)
Weighted average shares of common stock outstanding-basic	1,414,659,439		1,434,912,682		1,209,601,809
Add: Effect of stock awards, if dilutive	—		—		—
Weighted average shares of common  stock outstanding-diluted	1,414,659,439		1,434,912,682		1,209,601,809
Net income (loss) per share available (related) to common share
Basic	$	(0.73)	$	(1.60)	$	(0.06)
Diluted	$	(0.73)	$	(1.60)	$	(0.06)

The computations of diluted net income (loss) per share available (related) to common share for the year ended December 31, 2020 excludes 1.0 million of potentially dilutive restricted stock units and performance stock units because their effect would have been anti-dilutive.