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NET INCOME (LOSS) PER COMMON SHARE | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30, 2019 and September 30, 2018.
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2019 |  | September 30, 2018 |  | September 30, 2019 |  | September 30, 2018
| (dollars in thousands, except per share data)
Net income (loss) | $ | (747,169 | ) |  | $ | 385,429 |  |  | $ | (3,372,833 | ) |  | $ | 2,309,020 |
Net income (loss) attributable to noncontrolling interests | (110 | ) |  | (149 | ) |  | (294 | ) |  | (277 | )
Net income (loss) attributable to Annaly | (747,059 | ) |  | 385,578 |  |  | (3,372,539 | ) |  | 2,309,297 |
Dividends on preferred stock (1) | 36,151 |  |  | 31,675 |  |  | 101,067 |  |  | 96,818 |
Net income (loss) available (related) to common stockholders | $ | (783,210 | ) |  | $ | 353,903 |  |  | $ | (3,473,606 | ) |  | $ | 2,212,479 |
Weighted average shares of common stock outstanding-basic | 1,453,359,211 |  |  | 1,202,353,851 |  |  | 1,436,204,582 |  |  | 1,174,292,701 |
Add: Effect of stock awards, if dilutive | — |  |  | — |  |  | — |  |  | — |
Weighted average shares of common stock outstanding-diluted | 1,453,359,211 |  |  | 1,202,353,851 |  |  | 1,436,204,582 |  |  | 1,174,292,701 |
Net income (loss) per share available (related) to common share |  |  |  |  |  |  |
Basic | $ | (0.54 | ) |  | $ | 0.29 |  |  | $ | (2.42 | ) |  | $ | 1.88 |
Diluted | $ | (0.54 | ) |  | $ | 0.29 |  |  | $ | (2.42 | ) |  | $ | 1.88 |
(1) | Th e three months ended September 30, 2019 exclude cumulative and undeclared dividends of $0.3 million on the Company’s Series I Preferred Stock as of June 30, 2019.
No options to purchase shares of common stock were outstanding for the three and nine months ended September 30, 2019. Options to purchase 0.2 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 and nine months ended September 30, 2018, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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