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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2013
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY In February 2012, Acacia raised gross proceeds of $225,000,000 through the sale of 6,122,000 shares of Acacia’s common stock at a price of $36.75 per share in a private placement offering with certain institutional accredited investors. Net proceeds, net of placement agent fees and estimated offering expenses, totaled approximately $218,983,000. The net proceeds will continue to be used to finance future acquisitions of patents, other patent licensing vehicles and companies with patent assets, and for working capital and general corporate purposes. On April 23, 2013, Acacia announced that its Board of Directors approved the adoption of a cash dividend policy that calls for the payment of an expected total annual cash dividend of $0.50 per common share, payable in the amount of $0.125 per share per quarter. Under the policy, the first quarterly cash dividend, totaling $6,149,000, was paid on May 30, 2013 to shareholders of record at the close of business on May 3, 2013. In addition, on July 18, 2013, Acacia announced a second quarterly cash dividend, payable in the amount of $0.125 per share, which will be paid on August 30, 2013, to shareholders of record at the close of business on August 1, 2013. Future cash dividends are expected to be paid on a quarterly basis and will be at the discretion of the Company's Board of Directors. Repurchases of Common Stock On November 16, 2012, Acacia's Board of Directors authorized a program for repurchases of shares of Acacia's outstanding common stock. Under the stock repurchase program, effective November 16, 2012, Acacia was authorized to purchase in the aggregate up to $100,000,000 of its outstanding common stock. On April 23, 2013, Acacia's Board of Directors approved an extension of the repurchase plan from May 15, 2013 until August 15, 2013. Repurchases may be made from time to time by Acacia in the open market or in block purchases in compliance with applicable SEC rules. Repurchases to date were made using existing cash resources and occurred in the open market. The authorization to repurchase shares presented an opportunity to reduce the outstanding share count and enhance stockholder value. Following are Acacia's monthly stock repurchases, all of which were purchased as part of the publicly announced plan or program:
| Total Number of Shares Purchased | Average Price paid per Share | Approximate Dollar Value of Shares that May Yet be Purchased under the Program
November 16, 2012 - November 30, 2012 | 256,262 |  | $ | 21.58 |  | $ | 94,470,000 |
December 1, 2012 - December 31, 2012 | 873,146 |  | $ | 24.26 |  | $ | 73,268,000 |
| 1,129,408 |  | $ | 23.65 |  |
The Company did not repurchase any shares during the three or six months ended June 30, 2013.

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