XML 32 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues $ 40,336,000 $ 50,076,000 $ 74,546,000 $ 62,654,000
Operating costs and expenses        
Inventor royalties 1,265,000 10,694,000 10,590,000 11,645,000
Contingent legal fees 5,512,000 7,077,000 10,296,000 8,604,000
Litigation and licensing expenses - patents 9,012,000 10,820,000 17,687,000 19,814,000
Amortization of patents 13,228,000 15,532,000 26,266,000 30,004,000
Marketing, general and administrative expenses (including non-cash stock compensation expense of $3,177 and $6,424 for the three and six months ended June 30, 2015, respectively, and $5,303 and $10,068 for the three and six months ended June 30, 2014, respectively) 9,587,000 13,181,000 20,162,000 24,874,000
Research, consulting and other expenses - business development 732,000 1,003,000 1,729,000 1,995,000
Other expenses 0 0 426,000 0
Total operating costs and expenses 39,336,000 58,307,000 87,156,000 96,936,000
Operating income (loss) 1,000,000 (8,231,000) (12,610,000) (34,282,000)
Total interest and other investment income (expense) (104,000) (196,000) 124,000 (87,000)
Income (loss) before provision for income taxes 896,000 (8,427,000) (12,486,000) (34,369,000)
Provision for income taxes (119,000) (4,689,000) (289,000) (3,317,000)
Net income (loss) including noncontrolling interests in operating subsidiaries 777,000 (13,116,000) (12,775,000) (37,686,000)
Net (income) loss attributable to noncontrolling interests in operating subsidiaries (4,463,000) 167,000 (4,041,000) 316,000
Net loss attributable to Acacia Research Corporation (3,686,000) (12,949,000) (16,816,000) (37,370,000)
Net loss available to common stockholders, basic (3,896,000) (13,154,000) (17,241,000) (37,781,000)
Net loss available to common stockholders, diluted $ (3,896,000) $ (13,154,000) $ (17,241,000) $ (37,781,000)
Basic loss per common share $ (0.08) $ (0.27) $ (0.35) $ (0.78)
Diluted loss per common share $ (0.08) $ (0.27) $ (0.35) $ (0.78)
Weighted average number of shares outstanding, basic 49,423,472 48,543,334 49,318,423 48,436,946
Weighted average number of shares outstanding, diluted 49,423,472 48,543,334 49,318,423 48,436,946
Common Stock, Dividends, Per Share, Cash Paid $ 0.125 $ 0.125 $ 0.250 $ 0.250