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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 101,081 $ 127,540
Restricted cash 0 11,512
Short-term investments 57,487 19,443
Accounts receivable 300 26,750
Prepaid expenses and other current assets 3,520 3,245
Total current assets 162,388 188,490
Investments at fair value 208,796 0
Investment - equity method 2,284 0
Loan receivable and accrued interest 0 18,616
Investment warrants and shares 0 1,960
Patents, net 67,360 86,319
Other assets 382 618
Total assets 441,210 296,003
Current liabilities:    
Accounts payable and accrued expenses 7,691 14,283
Royalties and contingent legal fees payable 19,824 13,908
Total current liabilities 27,515 28,191
Other liabilities 8,752 369
Total liabilities 36,267 28,560
Commitments and contingencies (Note 6)
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; 50,604,782 and 50,476,042 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 51 50
Treasury stock, at cost, 1,729,408 shares as of September 30, 2017 and December 31, 2016 (34,640) (34,640)
Additional paid-in capital 647,930 642,453
Accumulated comprehensive loss (38) (76)
Accumulated deficit (209,815) (342,198)
Total Acacia Research Corporation stockholders' equity 403,488 265,589
Noncontrolling interests in operating subsidiaries 1,455 1,854
Total stockholders' equity 404,943 267,443
Total liabilities and stockholders' equity $ 441,210 $ 296,003