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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenues $ 29,782 $ 11,246
Portfolio operations:    
Inventor royalties 7,349 4,944
Contingent legal fees 7,419 591
Litigation and licensing expenses - patents 5,683 7,803
Amortization of patents 4,681 3,194
Other portfolio expenses (income) (308) 1,756
Total portfolio expenses 24,824 18,288
Net portfolio income (loss) 4,958 (7,042)
Acquisition of MalinJ1 24,476 16,376
Operating loss (19,518) (23,418)
Other income (expense):    
Change in fair value of investment, net (Note 6) 5,474 9,899
Gain (loss) on sale of investment (Note 6) 8,187 (9,230)
Impairment of other investment 0 (8,195)
Gain on disposal of other investment 0 2,000
Change in fair value of the Series A and B warrants and embedded derivatives (58,238) 4,518
Gain on sale of prepaid investment and derivative 2,845 0
Change in fair value of trading securities and equity securities 176,173 (145)
Gain on sale of trading securities 7,352 2,188
Loss on foreign currency exchange (4,905) (2)
Interest expense on Senior Secured Notes (5,923) 0
Interest income and other 838 3,432
Total other income 131,803 4,465
Income (loss) before income taxes 112,285 (18,953)
Income tax benefit 1,159 1,824
Net income (loss) including noncontrolling interests in subsidiaries 113,444 (17,129)
Net loss attributable to noncontrolling interests in subsidiaries 0 14
Net income (loss) attributable to Acacia Research Corporation 113,444 (17,115)
Net income (loss) attributable to common stockholders - basic $ 90,330 $ (17,422)
Basic net income (loss) per common share $ 1.85 $ (0.35)
Weighted average number of shares outstanding - basic 48,840,829 49,764,002
Net income (loss) attributable to common stockholders - diluted $ 88,471 $ (20,373)
Diluted net income (loss) per common share $ 1.54 $ (0.40)
Weighted average number of shares outstanding - diluted 57,435,128 50,896,773