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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues $ 5,460 $ 6,485 $ 8,847 $ 68,578
Portfolio operations:        
Inventor royalties 2,623 1,241 3,976 22,985
Contingent legal fees 375 1,037 552 16,796
Patent acquisition expenses 0 0 0 4,000
Litigation and licensing expenses - patents 1,855 2,639 5,656 5,628
Amortization of patents 818 5,278 1,474 10,608
Other portfolio expenses 0 0 650 0
Total portfolio expenses 5,671 10,195 12,308 60,017
Net portfolio income (loss) (211) (3,710) (3,461) 8,561
General and administrative expenses(1) 3,810 6,916 7,505 10,217
Impairment of patent-related intangible assets 0 28,210 0 28,210
Operating loss (4,021) (38,836) (10,966) (29,866)
Other income (expense):        
Change in fair value of investment, net (Note 5) 6,980 11,347 13,888 (29,750)
Loss on sale of investment (Note 5) (1,642) 0 (7,232) 0
Impairment of other investment (8,195) (1,000) (8,195) (1,000)
Interest income and other 1,130 268 2,673 475
Total other income (expense) (1,727) 10,615 1,134 (30,275)
Loss before provision for income taxes (5,748) (28,221) (9,832) (60,141)
Provision for income taxes (9) (285) (323) (476)
Net loss including noncontrolling interests in subsidiaries (5,757) (28,506) (10,155) (60,617)
Net loss attributable to noncontrolling interests in subsidiaries 0 79 14 152
Net loss attributable to Acacia Research Corporation (5,757) (28,427) (10,141) (60,465)
Net loss attributable to common stockholders - basic and diluted $ (5,757) $ (28,427) $ (10,141) $ (60,465)
Basic and diluted net loss per common share $ (0.12) $ (0.57) $ (0.20) $ (1.20)
Weighted average number of shares outstanding - basic and diluted 49,696,016 50,061,812 49,676,059 50,345,808
General and administrative expenses $ 3,349 $ 5,710 $ 7,052 $ 10,035
Non-cash stock compensation expense - G&A 461 521 453 1,225
Non-cash stock compensation expense - Profits Interests (Note 9) 0 685 0 (1,043)
Total general and administrative expenses $ 3,810 $ 6,916 $ 7,505 $ 10,217