XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 64,658,000 $ 12,994,000 $ 130,730,000 $ 87,540,000
Operating costs and expenses        
Inventor royalties 17,844,000 116,000 19,417,000 10,706,000
Contingent legal fees 7,709,000 1,972,000 22,236,000 12,268,000
Litigation and licensing expenses - patents 7,348,000 10,345,000 22,395,000 28,032,000
Amortization of patents 6,467,000 13,688,000 27,986,000 39,954,000
General and administrative expenses (including non-cash stock compensation expense of $2,544 and $5,754 for the three and nine months ended September 30, 2016, respectively, and $2,164 and $8,588 for the three and nine months ended September 30, 2015, respectively) 8,334,000 9,442,000 23,863,000 29,604,000
Research, consulting and other expenses - business development 666,000 802,000 2,522,000 2,531,000
Impairment of patent-related intangible assets 0 0 40,165,000 0
Other expenses 0 3,465,000 500,000 3,891,000
Total operating costs and expenses 48,368,000 39,830,000 159,084,000 126,986,000
Operating income (loss) 16,290,000 (26,836,000) (28,354,000) (39,446,000)
Total other income (expense) 261,000 (180,000) 206,000 (56,000)
Income (loss) before provision for income taxes 16,551,000 (27,016,000) (28,148,000) (39,502,000)
Provision for income taxes (9,655,000) (337,000) (15,774,000) (626,000)
Income (loss) including noncontrolling interests in operating subsidiaries 6,896,000 (27,353,000) (43,922,000) (40,128,000)
Net (income) loss attributable to noncontrolling interests in operating subsidiaries 186,000 43,000 466,000 (3,998,000)
Net loss attributable to Acacia Research Corporation 7,082,000 (27,310,000) (43,456,000) (44,126,000)
Net loss available to common stockholders, basic $ 7,043,000 $ (27,450,000) $ (43,456,000) $ (44,691,000)
Earnings Per Share, Basic and Diluted $ 0.14 $ (0.55) $ (0.87) $ (0.90)
Weighted Average Number of Shares Outstanding, Basic 50,124,302 49,630,369 50,024,047 49,423,548
Weighted Average Number of Shares Outstanding, Diluted 50,618,757 49,630,369 50,024,047 49,423,548
Common Stock, Dividends, Per Share, Cash Paid $ 0.000 $ 0.125 $ 0.000 $ 0.375