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Consolidated Statements of Income Statement (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues$ 50,585$ 63,949$ 151,461$ 118,727
Cost of revenues:    
Inventor royalties15,59214,50837,26921,296
Contingent legal fees12,3289,73934,73417,611
Litigation and licensing expenses - patents3,5012,89010,80011,019
Amortization of patents1,9461,9638,3185,542
Verdict insurance proceeds(12,451)0(12,451)0
Verdict insurance proceeds related costs7,66107,6610
Marketing, general and administrative expenses (including non-cash stock compensation expense of $3,568 and $9,891 for the three and nine months ended September 30, 2011, respectively and $1,615 and $5,574 for the three and nine months ended September 30, 2010, respectively)8,7486,35327,03118,741
Research, consulting and other expenses - business development8504612,8931,286
Total operating costs and expenses38,17535,914116,25575,495
Operating income12,41028,03535,20643,232
Interest and investment income25447883
Income from operations before provision for income taxes12,43528,07935,28443,315
Provision for income taxes(182)(297)(7,636)(605)
Net income including noncontrolling interests in operating subsidiaries12,25327,78227,64842,710
Net income attributable to noncontrolling interests in operating subsidiaries257(3,107)(646)(3,389)
Net income attributable to Acacia Research Corporation$ 12,510$ 24,675$ 27,002$ 39,321
Net income per common share attributable to Acacia Research Corporation:    
Basic earnings per share$ 0.30$ 0.75$ 0.69$ 1.24
Diluted earnings per share$ 0.29$ 0.70$ 0.66$ 1.14
Weighted average number of shares outstanding, basic41,292,81932,794,55339,178,95231,776,074
Weighted average number of shares outstanding, diluted42,857,88035,105,35340,733,81334,448,666