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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 34,939 $ 50,585 $ 184,463 $ 151,461
Cost of revenues:        
Inventor royalties 5,032 15,592 22,199 37,269
Contingent legal fees 8,833 12,328 19,188 34,734
Litigation and licensing expenses - patents 5,973 3,501 14,622 10,800
Amortization of patents 10,412 1,946 20,931 8,318
Verdict insurance proceeds 0 (12,451) 0 (12,451)
Verdict insurance proceeds related costs 0 7,661 0 7,661
Marketing, general and administrative expenses (including non-cash stock compensation expense of $6,285 and $17,375 for the three and nine months ended September 30, 2012, respectively, and $3,568 and $9,891 for the three and nine months ended September 30, 2011, respectively) 11,914 8,748 37,548 27,031
Research, consulting and other expenses - business development 1,139 850 4,222 2,893
Total operating costs and expenses 43,303 38,175 118,710 116,255
Operating income (loss) (8,364) 12,410 65,753 35,206
Interest and investment income (41) 25 117 78
Income (loss) from operations before benefit from (provision for) income taxes (8,405) 12,435 65,870 35,284
Benefit from (provision for) income taxes 1,938 (1,889) (16,303) (9,343)
Net income (loss) including noncontrolling interests in operating subsidiaries (6,467) 10,546 49,567 25,941
Net (income) loss attributable to noncontrolling interests in operating subsidiaries (152) 257 63 (646)
Net income (loss) attributable to Acacia Research Corporation $ (6,619) $ 10,803 $ 49,630 $ 25,295
Net income (loss) per common share attributable to Acacia Research Corporation:        
Basic earnings (loss) per share $ (0.14) $ 0.26 $ 1.06 $ 0.65
Diluted earnings (loss) per share $ (0.14) $ 0.25 $ 1.04 $ 0.62
Weighted average number of shares outstanding, basic 48,332,878 41,292,819 46,886,820 39,178,952
Weighted average number of shares outstanding, diluted 48,332,878 42,857,880 47,795,819 40,733,813