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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 13,725,000 $ 36,633,000 $ 82,303,000 $ 61,944,000
Operating costs and expenses        
Inventor royalties 1,181,000 0 24,166,000 4,939,000
Contingent legal fees 2,949,000 12,173,000 19,745,000 16,036,000
Other Cost of Operating Revenue 0 0 4,000,000 0
Litigation and licensing expenses - patents 1,231,000 4,073,000 6,106,000 14,593,000
Amortization of patents 4,952,000 5,625,000 15,560,000 16,711,000
General and administrative expenses(1) 6,089,000 12,715,000 16,566,000 26,365,000
Other expenses - business development 84,000 241,000 577,000 994,000
Impairment of Intangible Assets (Excluding Goodwill) 0 2,248,000 29,210,000 2,248,000
Other Cost and Expense, Operating 2,202,000 0 2,202,000 0
Total operating costs and expenses 18,688,000 37,075,000 118,132,000 81,886,000
Operating loss (4,963,000) (442,000) (35,829,000) (19,942,000)
Gain on Conversion of Loan and Accrued Interest 0 0 0 2,671,000
Gain on exercise of warrant 0 0 0 4,616,000
Change in fair value of investment, net (22,377,000) 158,979,000 (52,127,000) 146,281,000
Loss on Sale of Investments (5,539,000) 0 (5,539,000) 0
Income (Loss) from Equity Method Investments 0 (116,000) 0 (130,000)
Interest income and other 321,000 164,000 796,000 1,423,000
Total other income (expense) (27,595,000) 159,027,000 (56,870,000) 154,861,000
Income (loss) before provision for income taxes (32,558,000) 158,585,000 (92,699,000) 134,919,000
Provision for income taxes (306,000) (216,000) (782,000) (2,935,000)
Net income (loss) including noncontrolling interests in subsidiaries (32,864,000) 158,369,000 (93,481,000) 131,984,000
Net (income) loss attributable to noncontrolling interests in subsidiaries (331,000) 96,000 (179,000) 399,000
Net loss attributable to Acacia Research Corporation (33,195,000) 158,465,000 (93,660,000) 132,383,000
Net Income (Loss) Available to Common Stockholders, Basic (33,195,000) 158,326,000 (93,660,000) 132,142,000
Net Income (Loss) Available to Common Stockholders, Diluted $ (33,195,000) $ 158,326,000 $ (93,660,000) $ 132,143,000
Earnings Per Share, Basic $ (0.67) $ 3.13 $ (1.87) $ 2.62
Earnings Per Share, Diluted $ (0.67) $ 3.13 $ (1.87) $ 2.61
Weighted Average Number of Shares Outstanding, Basic 49,557,748 50,554,234 50,080,234 50,462,990
Weighted Average Number of Shares Outstanding, Diluted 49,557,748 50,599,974 50,080,234 50,684,725
General and administrative expenses excluding share-based compensation $ 6,099,000 $ 3,262,000 $ 16,394,000 $ 13,297,000
Non-cash stock compensation general and administrative 566,000 1,272,000 1,791,000 4,833,000
Non-cash stock compensation - profits interests $ (576,000) $ 8,181,000 $ (1,619,000) $ 8,235,000