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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 100,150 $ 136,604
Short-term investments 34,694 0
Accounts receivable 5,629 153
Prepaid expenses and other current assets 3,509 2,938
Total current assets 143,982 139,695
Investments at fair value 75,004 104,754
Investment - other 8,195 2,195
Patents, net 23,099 61,917
Other assets 187 207
Total assets 250,467 308,768
Current liabilities:    
Accounts payable and accrued expenses 8,855 7,956
Royalties and contingent legal fees payable 4,765 1,601
Total current liabilities 13,620 9,557
Other liabilities 2,471 3,552
Total liabilities 16,091 13,109
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; 49,495,064 and 50,639,926 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 49 51
Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of June 30, 2018 and December 31, 2017, respectively (39,272) (34,640)
Additional paid-in capital 650,265 648,996
Accumulated comprehensive loss (202) (88)
Accumulated deficit (377,977) (320,018)
Total Acacia Research Corporation stockholders' equity 232,863 294,301
Noncontrolling interests in operating subsidiaries 1,513 1,358
Total stockholders' equity 234,376 295,659
Total liabilities and stockholders' equity $ 250,467 $ 308,768