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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues $ 36,633,000 $ 64,658,000 $ 61,944,000 $ 130,730,000
Operating costs and expenses        
Inventor royalties 0 17,844,000 4,939,000 19,417,000
Contingent legal fees 12,173,000 7,709,000 16,036,000 22,236,000
Litigation and licensing expenses - patents 4,073,000 7,348,000 14,593,000 22,895,000
Amortization of patents 5,625,000 6,467,000 16,711,000 27,986,000
General and administrative expenses(2) 12,715,000 8,334,000 26,365,000 23,863,000
Other expenses - business development 241,000 666,000 994,000 2,522,000
Impairment of patent-related intangible assets 2,248,000 0 2,248,000 40,165,000
Total operating costs and expenses 37,075,000 48,368,000 81,886,000 159,084,000
Operating income (loss) (442,000) 16,290,000 (19,942,000) (28,354,000)
Gain on Conversion of Loan and Accrued Interest 0 0 2,671,000 0
Gain on exercise of warrant 0 0 4,616,000 0
Change in fair value of investment, net 158,979,000 0 146,281,000 0
Equity in earnings (losses) of investee (116,000) 0 (130,000) 0
Interest income and other 164,000 261,000 1,423,000 206,000
Total other income (expense) 159,027,000 261,000 154,861,000 206,000
Income (loss) before provision for income taxes 158,585,000 16,551,000 134,919,000 (28,148,000)
Provision for income taxes (216,000) (9,655,000) (2,935,000) (15,774,000)
Net income (loss) including noncontrolling interests in subsidiaries 158,369,000 6,896,000 131,984,000 (43,922,000)
Net loss attributable to noncontrolling interests in subsidiaries 96,000 186,000 399,000 466,000
Net loss attributable to Acacia Research Corporation 158,465,000 7,082,000 132,383,000 (43,456,000)
Net Income (Loss) Available to Common Stockholders, Basic 158,326,000 7,043,000 132,142,000 (43,456,000)
Net Income (Loss) Available to Common Stockholders, Diluted $ 158,326,000 $ 7,043,000 $ 132,143,000 $ (43,456,000)
Earnings Per Share, Basic $ 3.13 $ 0.14 $ 2.62 $ (0.87)
Earnings Per Share, Diluted $ 3.13 $ 0.14 $ 2.61 $ (0.87)
Weighted Average Number of Shares Outstanding, Basic 50,554,234 50,124,302 50,462,990 50,024,047
Weighted Average Number of Shares Outstanding, Basic and Diluted 50,599,974 50,618,757 50,684,725 50,024,047
General and administrative expenses excluding share-based compensation $ 3,262,000 $ 5,790,000 $ 13,297,000 $ 18,109,000
Non-cash stock compensation general and administrative 1,272,000 2,544,000 4,833,000 5,754,000
Non-cash stock compensation - profits interests $ 8,181,000 $ 0 $ 8,235,000 $ 0