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Condensed Consolidated Statements of Income (Unaudited) Statement (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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| Patent licensing royalties | $ 67,210,000 | $ 62,344,000 | $ 114,121,000 | $ 130,926,000 |
| Patent Sales | 0 | 9,000,000 | 0 | 9,000,000 |
| Technology solutions | 482,000 | 527,000 | 934,000 | 1,250,000 |
| REVENUES | 67,692,000 | 71,871,000 | 115,055,000 | 141,176,000 |
| OPERATING EXPENSES: | ||||
| Patent administration and licensing | 33,164,000 | 26,200,000 | 70,039,000 | 49,428,000 |
| Development | 13,477,000 | 17,177,000 | 29,623,000 | 34,666,000 |
| Selling, general and administrative | 8,359,000 | 10,920,000 | 16,201,000 | 20,103,000 |
| Repositioning | 0 | 0 | 1,544,000 | 0 |
| Total Operating Expenses | 55,000,000 | 54,297,000 | 117,407,000 | 104,197,000 |
| Income from operations | 12,692,000 | 17,574,000 | (2,352,000) | 36,979,000 |
| Interest and investment income, net | 2,899,000 | (2,484,000) | (6,581,000) | (5,218,000) |
| Income before income taxes | 15,591,000 | 15,090,000 | (8,933,000) | 31,761,000 |
| INCOME TAX PROVISION | (6,985,000) | (5,417,000) | (4,636,000) | 11,158,000 |
| NET INCOME | 9,238,000 | 9,673,000 | (3,031,000) | 20,603,000 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 8,606,000 | 9,673,000 | (4,297,000) | 20,603,000 |
| Net (Loss) Income attributable to Minority Interest | (632,000) | 0 | (1,266,000) | 0 |
| NET INCOME PER COMMON SHARE — BASIC | $ 0.22 | $ 0.22 | $ (0.07) | $ 0.46 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC | 41,161 | 43,876 | 41,150 | 44,639 |
| NET INCOME PER COMMON SHARE — DILUTED | $ 0.22 | $ 0.22 | $ (0.07) | $ 0.46 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED | 41,456 | 44,139 | 41,150 | 44,946 |
| CASH DIVIDEND DECLARED PER COMMON SHARE | $ 0.10 | $ 0.10 | $ 0.20 | $ 0.20 |
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Royalty Revenue [Domain]
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| Interest Receivable | $ 23,500,000 | |||
| X | ||||||||||
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- Definition
Patent administration and licensing expenses. Expenses (ie. legal, filings, etc.) incurred and are directly related to generating license revenue. No definition available.
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| X | ||||||||||
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- Definition
Represents the revenues arising on account of revenues from sale of patents. No definition available.
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| X | ||||||||||
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net proceeds or assets obtained in excess of (less than) the net carrying amount of assets recorded, or assets distributed and liabilities assumed less than (in excess of) estimated litigation liability extinguished, in settlement of a litigation matter. Represents (for other than an insurance entity in its normal claims settlement process), the amount of income (expense) recognized in the period to settle pending or threatened litigation and insurance claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue from providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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