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Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2013
QUARTERLY FINANCIAL DATA (unaudited) [Abstract] |
Quarterly Financial Data | The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended December 31, 2014. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.
|  | Quarter Ended
|  | Mar. 31, |  | Jun. 30, |  | Sept. 30, |  | Dec. 31, |  | Mar. 31, |  | Jun. 30, |  | Sept. 30, |  | Dec. 31,
|  | 2014 |  | 2014 |  | 2014 |  | 2014 |  | 2013 |  | 2013 |  | 2013 |  | 2013
|  | (Unaudited, in thousands, except share and per share information)
Revenues |  | $ | 12,578 |  |  | $ | 50,076 |  |  | $ | 37,192 |  |  | $ | 31,030 |  |  | $ | 76,861 |  |  | $ | 23,110 |  |  | $ | 15,520 |  |  | $ | 15,065 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventor royalties |  | 951 |  |  | 10,694 |  |  | 4,667 |  |  | 4,358 |  |  | 18,481 |  |  | 5,610 |  |  | 2,353 |  |  | 3,280 |
Contingent legal fees |  | 1,527 |  |  | 7,077 |  |  | 7,663 |  |  | 7,296 |  |  | 15,032 |  |  | 4,024 |  |  | 2,547 |  |  | 3,181 |
Litigation and licensing expenses - patents |  | 8,994 |  |  | 10,820 |  |  | 9,592 |  |  | 8,208 |  |  | 9,648 |  |  | 9,918 |  |  | 10,870 |  |  | 8,899 |
Amortization of patents |  | 14,472 |  |  | 15,532 |  |  | 13,511 |  |  | 13,727 |  |  | 11,730 |  |  | 12,578 |  |  | 12,615 |  |  | 16,735 |
Marketing, general and administrative expenses (including non-cash stock compensation expense) |  | 11,693 |  |  | 13,181 |  |  | 11,636 |  |  | 12,044 |  |  | 13,844 |  |  | 13,184 |  |  | 18,235 |  |  | 13,988 |
Research, consulting and other expenses - business development |  | 992 |  |  | 1,003 |  |  | 1,208 |  |  | 637 |  |  | 1,031 |  |  | 726 |  |  | 730 |  |  | 742 |
Other |  | — |  |  | — |  |  | 1,548 |  |  | — |  |  | — |  |  | — |  |  | 3,506 |  |  | — |
Total operating costs and expenses |  | 38,629 |  |  | 58,307 |  |  | 49,825 |  |  | 46,270 |  |  | 69,766 |  |  | 46,040 |  |  | 50,856 |  |  | 46,825 |
Operating income (loss) |  | (26,051 | ) |  | (8,231 | ) |  | (12,633 | ) |  | (15,240 | ) |  | 7,095 |  |  | (22,930 | ) |  | (35,336 | ) |  | (31,760 | )
Total other income (expense) |  | 109 |  |  | (196 | ) |  | (57 | ) |  | (451 | ) |  | 1,290 |  |  | 400 |  |  | 280 |  |  | 161 |
Income (loss) before (provision for) benefit from income taxes |  | (25,942 | ) |  | (8,427 | ) |  | (12,690 | ) |  | (15,691 | ) |  | 8,385 |  |  | (22,530 | ) |  | (35,056 | ) |  | (31,599 | )
Benefit from (provision for) income taxes |  | 1,372 |  |  | (4,689 | ) |  | (145 | ) |  | (450 | ) |  | (3,272 | ) |  | 9,050 |  |  | 19,570 |  |  | (3,390 | )
Net income (loss) including noncontrolling interests |  | (24,570 | ) |  | (13,116 | ) |  | (12,835 | ) |  | (16,141 | ) |  | 5,113 |  |  | (13,480 | ) |  | (15,486 | ) |  | (34,989 | )
Net (income) loss attributable to noncontrolling interests in operating subsidiaries |  | 149 |  |  | 167 |  |  | 420 |  |  | (103 | ) |  | — |  |  | 977 |  |  | (225 | ) |  | 1,656 |
Net income (loss) attributable to Acacia Research Corporation |  | $ | (24,421 | ) |  | $ | (12,949 | ) |  | $ | (12,415 | ) |  | $ | (16,244 | ) |  | $ | 5,113 |  |  | $ | (12,503 | ) |  | $ | (15,711 | ) |  | $ | (33,333 | )
Net income (loss) per common share attributable to Acacia Research Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic income (loss) per share - As Adjusted(1) |  | $ | (0.51 | ) |  | $ | (0.27 | ) |  | $ | (0.26 | ) |  | $ | (0.34 | ) |  | $ | 0.10 |  |  | $ | (0.26 | ) |  | $ | (0.33 | ) |  | $ | (0.69 | )
Diluted income (loss) per share - As Adjusted(1) |  | $ | (0.51 | ) |  | $ | (0.27 | ) |  | $ | (0.26 | ) |  | $ | (0.34 | ) |  | $ | 0.10 |  |  | $ | (0.26 | ) |  | $ | (0.33 | ) |  | $ | (0.69 | )
Weighted-average number of shares outstanding, basic - As Adjusted(1) |  | 48,329,375 |  |  | 48,543,334 |  |  | 48,806,334 |  |  | 48,944,914 |  |  | 47,859,774 |  |  | 48,008,998 |  |  | 48,330,149 |  |  | 48,415,684 |
Weighted-average number of shares outstanding, diluted - As Adjusted(1) |  | 48,329,375 |  |  | 48,543,334 |  |  | 48,806,334 |  |  | 48,944,914 |  |  | 48,104,242 |  |  | 48,008,998 |  |  | 48,330,149 |  |  | 48,415,684 |
|  | Quarter Ended
|  | Mar. 31, |  | Jun. 30, |  | Sept. 30, |  | Dec. 31, |  | Mar. 31, |  | Jun. 30, |  | Sept. 30, |  | Dec. 31,
|  | 2014 |  | 2014 |  | 2014 |  | 2014 |  | 2013 |  | 2013 |  | 2013 |  | 2013
|  | (Unaudited, In thousands, except share and per share information)
Basic income (loss) per share - As Reported(1) |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | 0.11 |  |  | $ | (0.26 | ) |  | N/A |  | N/A
Diluted income (loss) per share - As Reported(1) |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | 0.11 |  |  | $ | (0.26 | ) |  | N/A |  | N/A
Weighted-average number of shares outstanding, basic - As Reported(1) |  | N/A |  | N/A |  | N/A |  | N/A |  | 47,859,774 |  |  | 48,008,998 |  |  | N/A |  | N/A
Weighted-average number of shares outstanding, diluted - As Reported(1) |  | N/A |  | N/A |  | N/A |  | N/A |  | 48,354,444 |  |  | 48,008,998 |  |  | N/A |  | N/A
_______________________ (1) - Revision of Prior Period Earnings (Loss) Per Share - Two-Class Method. In connection with the preparation of the Company’s Quarterly Report on Form 10-Q as of and for the three months ended September 30, 2013, the Company determined that its basic and diluted net income (loss) per share calculations should have been prepared using the “two-class method.” Under the two-class method, securities that participate in dividends are considered “participating securities.” The Company’s unvested restricted shares outstanding are considered “participating securities” because they include non-forfeitable rights to dividends. Pursuant to guidance set forth in Staff Accounting Bulletin (“SAB”) No. 99, “Materiality,” the Company concluded that the errors were not material to any of its prior period financial statements. Although the errors were immaterial to prior periods, the prior period financial statements presented herein were revised, in accordance with SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements.”

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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