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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenues $ 1,582 $ 19,466 $ 24,785 $ 25,399
Patent portfolio operations:        
Inventor royalties 280 5,772 823 6,843
Contingent legal fees 285 6,609 5,735 6,855
Litigation and licensing expenses - patents 782 1,001 4,881 3,497
Amortization of patents 2,612 1,174 7,086 3,522
Other patent portfolio income 0 0 0 (308)
Patent portfolio expenses 3,959 14,556 18,525 20,409
Net patent portfolio (loss) income (2,377) 4,910 6,260 4,990
General and administrative expenses 10,345 7,692 23,014 18,089
Operating loss (12,722) (2,782) (16,754) (13,099)
Other income (expense):        
Change in fair value of investment, net 0 (3,081) (2,752) 3,704
Gain (loss) on sale of investment 0 0 3,591 (2,762)
Change in fair value of the Series A and B warrants and embedded derivatives 619 20,672 (203,866) (46,612)
Gain on sale of prepaid investment and derivative 0 2,845 0 2,845
Change in fair value of equity securities 66,502 20,488 115,509 99,449
Gain (loss) on sale of equity securities 37,688 2,737 53,124 (4,272)
Earnings on equity investment in joint venture 0 0 2,737 0
Loss on foreign currency exchange (17) (48) (193) (4,938)
Interest expense on Senior Secured Notes (2,531) (2,410) (5,601) (3,178)
Interest income and other 76 10 135 811
Total other income (expense) 102,337 41,213 (37,316) 45,047
Income (loss) before income taxes 89,615 38,431 (54,070) 31,948
Income tax (expense) benefit (11) (83) (531) 1,257
Net income (loss) including noncontrolling interests in subsidiaries 89,604 38,348 (54,601) 33,205
Net income attributable to noncontrolling interests in subsidiaries 0 0 (906) 0
Net income (loss) attributable to Acacia Research Corporation $ 89,604 $ 38,348 $ (55,507) $ 33,205
Net income (loss) attributable to common stockholders - Basic $ 72,984 $ 30,529 $ (59,054) $ 24,838
Basic net income (loss) per common share $ 1.49 $ 0.63 $ (1.21) $ 0.51
Weighted average number of shares outstanding - Basic 48,949,504 48,467,885 48,759,873 48,949,706
Net income (loss) attributable to common stockholders - Diluted $ 80,171 $ 29,204 $ (59,054) $ 21,380
Diluted net income (loss) per common share $ 0.86 $ 0.32 $ (1.21) $ 0.36
Weighted average number of shares outstanding - Diluted 93,081,502 90,624,702 48,759,873 60,153,773