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Consolidated Statements of Operations Statement (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues $ 39,746 $ 15,006 $ 100,876 $ 54,778
Cost of revenues:        
Inventor royalties 8,588 2,877 21,677 6,788
Contingent legal fees 13,039 3,465 22,406 7,872
Litigation and licensing expenses - patents 3,761 4,433 7,295 8,129
Amortization of patents 2,600 1,876 6,372 3,579
Marketing, general and administrative expenses (including non-cash stock compensation expense of $__ and $___ for the three and six months ended June 30, 2011, respectively and $2,064 and $3,959 for the three and six months ended June 30, 2010, respectively) 8,302 6,056 18,287 12,388
Research, consulting and other expenses - business development 1,335 453 2,043 825
Total operating costs and expenses 37,625 19,160 78,080 39,581
Operating income 2,121 (4,154) 22,796 15,197
Other income:        
Interest income 24 20 44 39
Gain on investments 0 0 9 0
Total other income 24 20 53 39
Income from operations before provision for income taxes 2,145 (4,134) 22,849 15,236
Benefit (provision) for income taxes (306) 13 (7,454) (308)
Net income including noncontrolling interests in operating subsidiaries 1,839 (4,121) 15,395 14,928
Net income attributable to noncontrolling interests in operating subsidiaries 300 255 (903) (282)
Net income attributable to Acacia Research Corporation $ 2,139 $ (3,866) $ 14,492 $ 14,646
Net income per common share attributable to Acacia Research Corporation:        
Basic income per share $ 0.05 $ (0.12) $ 0.38 $ 0.47
Diluted income per share $ 0.05 $ (0.12) $ 0.37 $ 0.43
Weighted average number of shares outstanding, basic 40,994,082 31,664,869 38,104,500 31,258,394
Weighted average number of shares outstanding, diluted 42,453,782 31,664,869 39,477,616 34,133,988