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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 2,118 $ 5,460 $ 5,933 $ 8,847
Portfolio operations:        
Inventor royalties 645 2,623 1,071 3,976
Contingent legal fees 12 375 246 552
Litigation and licensing expenses - patents 1,459 1,855 2,496 5,656
Amortization of patents 1,305 818 2,348 1,474
Other portfolio expenses (income) (74) (308) 650
Total portfolio operations 3,347 5,671 5,853 12,308
Net portfolio income (loss) (1,229) (211) 80 (3,461)
General and administrative expenses(1) 5,519 3,763 10,397 7,418
Operating loss (6,748) (3,974) (10,317) (10,879)
Other income (expense):        
Change in fair value of investment, net (Note 5) 2,677 6,980 6,785 13,888
Gain (loss) on sale of investment (Note 5) 554 (1,642) (2,762) (7,232)
Impairment of other investment 0 (8,195) 0 (8,195)
Change in fair value of the Series A and B warrants and embedded derivatives (62,902) 0 (67,284) 0
Change in fair value of equity securities derivative and forward contract 81,553 0 81,553 0
Change in fair value of trading securities 3,525 (61) (2,592) 614
Gain (loss) on sale of trading securities (7,121) 31 (7,009) (12)
Loss on foreign currency exchange (4,890) 0 (4,890) 0
Interest expense on Senior Secured Notes (768) 0 (768) 0
Interest income and other 266 1,113 801 1,984
Total other income (expense) 12,894 (1,774) 3,834 1,047
Income (loss) before income taxes 6,146 (5,748) (6,483) (9,832)
Income tax benefit (expense) 2 (9) 1,340 (323)
Net income (loss) including noncontrolling interests in subsidiaries 6,148 (5,757) (5,143) (10,155)
Net loss attributable to noncontrolling interests in subsidiaries 0 0 0 14
Net income (loss) attributable to Acacia Research Corporation 6,148 (5,757) (5,143) (10,141)
Net income (loss) attributable to common stockholders - basic and diluted $ 4,201 $ (5,757) $ (7,105) $ (10,141)
Basic net income (loss) per common share $ 0.09 $ (0.12) $ (0.14) $ (0.20)
Weighted average number of shares outstanding - basic 48,457,620 49,696,016 49,166,508 49,676,059
Diluted net income (loss) per common share $ 0.09 $ (0.12) $ (0.14) $ (0.20)
Weighted average number of shares outstanding - diluted 49,033,824 49,696,016 49,166,508 49,676,059