INCOME/LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted income/loss per share of common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to Acacia Research Corporation	$	1,636	$	28,090	$	(7,696)	$	(106,679)
Dividend on Series A redeemable convertible preferred stock	—		(700)		(1,400)		(2,099)
Accretion of Series A redeemable convertible preferred stock	—		(1,337)		(3,230)		(3,729)
Return on settlement of Series A redeemable convertible    preferred stock	(3,377)		—		(3,377)		—
Undistributed earnings allocated to participating securities	—		(5,466)		—		—
Net (loss) income attributable to common stockholders - Basic	(1,740)		20,587		(15,703)		(112,507)
Add: Dividend on Series A redeemable convertible preferred    stock	—		—		—		—
Add: Accretion of Series A redeemable convertible preferred    stock	—		—		—		—
Less: Change in fair value of Series A redeemable    convertible preferred stock embedded derivative	—		—		—		—
Less: Change in fair value of Series A warrants	—		(3,389)		—		—
Less: Change in fair value of dilutive Series B warrants	—		(21,766)		—		—
Less: Gain on exercise of Series B warrants	(1,525)		—		—		—
Add: Interest expense associated with Starboard Notes,    net of tax	102		850		—		—
Add: Undistributed earnings allocated to participating    securities	—		5,466		—		—
Reallocation of undistributed earnings to participating    securities	—		(217)		—		—
Net (loss) income attributable to common stockholders - Diluted	$	(3,163)	$	1,531	$	(15,703)	$	(112,507)
Denominator:
Weighted average shares used in computing net (loss) income    per share attributable to common stockholders - Basic	94,328,452		38,052,426		67,072,835		42,830,700
Potentially dilutive common shares:
Series A Redeemable Convertible Preferred Stock	—		—		—		—
Restricted stock units	—		539,989		—		—
Stock options	—		18,397		—		—
Series A Warrants	—		1,046,575		—		—
Series B Warrants	4,794,521		31,506,849		—		—
Weighted average shares used in computing net (loss) income    per share attributable to common stockholders - Diluted	99,122,973		71,164,236		67,072,835		42,830,700
Basic net (loss) income per common share	$	(0.02)	$	0.54	$	(0.23)	$	(2.63)
Diluted net (loss) income per common share	$	(0.03)	$	0.02	$	(0.23)	$	(2.63)
Anti-dilutive potential common shares excluded from the    computation of diluted net income/loss per share:
Equity-based incentive awards	3,894,709		1,027,082		4,706,140		3,217,890
Series A warrants	—		—		—		5,000,000
Series B warrants	—		68,493,151		31,506,849		100,000,000
Total	3,894,709		69,520,233		36,212,989		108,217,890