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NET INCOME (LOSS) PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2023
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 six months ended June 30, 2023 and 2022.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (dollars in thousands, except per share data)
Net income (loss) | $ | 161,187 |  |  | $ | 863,317 |  |  | $ | (678,141) |  |  | $ | 2,887,211 |
Net income (loss) attributable to noncontrolling interests | (5,846) |  |  | (3,379) |  |  | (918) |  |  | (1,740) |
Net income (loss) attributable to Annaly | 167,033 |  |  | 866,696 |  |  | (677,223) |  |  | 2,888,951 |
Dividends on preferred stock | 35,766 |  |  | 26,883 |  |  | 67,641 |  |  | 53,766 |
Net income (loss) available (related) to common stockholders | $ | 131,267 |  |  | $ | 839,813 |  |  | $ | (744,864) |  |  | $ | 2,835,185 |
Weighted average shares of common stock outstanding-basic | 494,165,256 |  |  | 380,609,192 |  |  | 491,939,177 |  |  | 373,017,228 |
Add: Effect of stock awards, if dilutive | 193,726 |  |  | 289,558 |  |  | — |  |  | 296,495 |
Weighted average shares of common stock outstanding-diluted | 494,358,982 |  |  | 380,898,750 |  |  | 491,939,177 |  |  | 373,313,723 |
Net income (loss) per share available (related) to common share |  |  |  |  |  |  |
Basic | $ | 0.27 |  |  | $ | 2.21 |  |  | $ | (1.51) |  |  | $ | 7.60 |
Diluted | $ | 0.27 |  |  | $ | 2.20 |  |  | $ | (1.51) |  |  | $ | 7.59 |
The computations of diluted net income (loss) per share available (related) to common share for the three and six months ended June 30, 2023 excludes 1.3 million and 1.8 million, respectively, and for the three and six months ended June 30, 2022 excludes 0.8 million and 0.7 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.

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