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Consolidated Statements of Income Statement (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 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 royalties 15,592 14,508 37,269 21,296
Contingent legal fees 12,328 9,739 34,734 17,611
Litigation and licensing expenses - patents 3,501 2,890 10,800 11,019
Amortization of patents 1,946 1,963 8,318 5,542
Verdict insurance proceeds (12,451) 0 (12,451) 0
Verdict insurance proceeds related costs 7,661 0 7,661 0
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) 8,748 6,353 27,031 18,741
Research, consulting and other expenses - business development 850 461 2,893 1,286
Total operating costs and expenses 38,175 35,914 116,255 75,495
Operating income 12,410 28,035 35,206 43,232
Interest and investment income 25 44 78 83
Income from operations before provision for income taxes 12,435 28,079 35,284 43,315
Provision for income taxes (1,889) (297) (9,343) (605)
Net income including noncontrolling interests in operating subsidiaries 10,546 27,782 25,941 42,710
Net income attributable to noncontrolling interests in operating subsidiaries 257 (3,107) (646) (3,389)
Net income attributable to Acacia Research Corporation $ 10,803 $ 24,675 $ 25,295 $ 39,321
Net income per common share attributable to Acacia Research Corporation:        
Basic earnings per share $ 0.26 $ 0.75 $ 0.65 $ 1.24
Diluted earnings per share $ 0.25 $ 0.70 $ 0.62 $ 1.14
Weighted average number of shares outstanding, basic 41,292,819 32,794,553 39,178,952 31,776,074
Weighted average number of shares outstanding, diluted 42,857,880 35,105,353 40,733,813 34,448,666