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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 139,772 $ 135,223
Restricted cash 14,036 10,725
Short-term investments 32,243 0
Accounts receivable 4,325 33,500
Deferred income taxes 210 210
Prepaid expenses and other current assets 4,310 4,219
Total current assets 194,896 183,877
Property and equipment, net 189 272
Patents, net 100,958 162,642
Other assets 365 1,110
Total assets 296,408 347,901
Current liabilities:    
Accounts payable and accrued expenses 11,424 17,347
Accrued patent investment costs 0 1,000
Royalties and contingent legal fees payable 17,854 14,878
Total current liabilities 29,278 33,225
Deferred income taxes 210 210
Other liabilities 354 311
Total liabilities 29,842 33,746
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,392,241 and 50,651,239 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 50 51
Treasury stock, at cost, 1,729,408 shares as of June 30, 2016 and December 31, 2015 (34,640) (34,640)
Additional paid-in capital 636,332 633,146
Accumulated comprehensive loss (171) (215)
Accumulated deficit (338,669) (288,131)
Total Acacia Research Corporation stockholders' equity 262,902 310,211
Noncontrolling interests in operating subsidiaries 3,664 3,944
Total stockholders' equity 266,566 314,155
Total liabilities and stockholders' equity $ 296,408 $ 347,901