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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | QUARTERLY FINANCIAL DATA (unaudited) The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended December 31, 2015. 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,
|  | 2015 |  | 2015 |  | 2015 |  | 2015 |  | 2014 |  | 2014 |  | 2014 |  | 2014
|  | (Unaudited, in thousands, except share and per share information)
Revenues |  | $ | 34,210 |  |  | $ | 40,336 |  |  | $ | 12,994 |  |  | $ | 37,497 |  |  | $ | 12,578 |  |  | $ | 50,076 |  |  | $ | 37,192 |  |  | $ | 31,030 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventor royalties |  | 9,325 |  |  | 1,265 |  |  | 116 |  |  | 7,756 |  |  | 951 |  |  | 10,694 |  |  | 4,667 |  |  | 4,358 |
Contingent legal fees |  | 4,784 |  |  | 5,512 |  |  | 1,972 |  |  | 3,901 |  |  | 1,527 |  |  | 7,077 |  |  | 7,663 |  |  | 7,296 |
Litigation and licensing expenses - patents |  | 8,675 |  |  | 9,012 |  |  | 10,345 |  |  | 11,341 |  |  | 8,994 |  |  | 10,820 |  |  | 9,592 |  |  | 8,208 |
Amortization of patents |  | 13,038 |  |  | 13,228 |  |  | 13,688 |  |  | 13,113 |  |  | 11,906 |  |  | 15,532 |  |  | 13,511 |  |  | 12,796 |
Marketing, general and administrative expenses (including non-cash stock compensation expense) |  | 10,575 |  |  | 9,587 |  |  | 9,442 |  |  | 8,572 |  |  | 11,693 |  |  | 13,181 |  |  | 11,636 |  |  | 12,044 |
Research, consulting and other expenses - business development |  | 997 |  |  | 732 |  |  | 802 |  |  | 860 |  |  | 992 |  |  | 1,003 |  |  | 1,208 |  |  | 637 |
Impairment of patent-related intangible assets |  | — |  |  | — |  |  | — |  |  | 74,731 |  |  | 2,566 |  |  | — |  |  | — |  |  | 931 |
Impairment of goodwill |  | — |  |  | — |  |  | — |  |  | 30,149 |  |  | — |  |  | — |  |  | — |  |  | — |
Other |  | 426 |  |  | — |  |  | 3,465 |  |  | 250 |  |  | — |  |  | — |  |  | 1,548 |  |  | — |
Total operating costs and expenses |  | 47,820 |  |  | 39,336 |  |  | 39,830 |  |  | 150,673 |  |  | 38,629 |  |  | 58,307 |  |  | 49,825 |  |  | 46,270 |
Operating income (loss) |  | (13,610 | ) |  | 1,000 |  |  | (26,836 | ) |  | (113,176 | ) |  | (26,051 | ) |  | (8,231 | ) |  | (12,633 | ) |  | (15,240 | )
Total other income (expense) |  | 228 |  |  | (104 | ) |  | (180 | ) |  | — |  |  | 109 |  |  | (196 | ) |  | (57 | ) |  | (451 | )
Income (loss) before (provision for) benefit from income taxes |  | (13,382 | ) |  | 896 |  |  | (27,016 | ) |  | (113,176 | ) |  | (25,942 | ) |  | (8,427 | ) |  | (12,690 | ) |  | (15,691 | )
Benefit from (provision for) income taxes |  | (170 | ) |  | (119 | ) |  | (337 | ) |  | (4,174 | ) |  | 1,372 |  |  | (4,689 | ) |  | (145 | ) |  | (450 | )
Net income (loss) including noncontrolling interests |  | (13,552 | ) |  | 777 |  |  | (27,353 | ) |  | (117,350 | ) |  | (24,570 | ) |  | (13,116 | ) |  | (12,835 | ) |  | (16,141 | )
Net (income) loss attributable to noncontrolling interests in operating subsidiaries |  | 422 |  |  | (4,463 | ) |  | 43 |  |  | 1,440 |  |  | 149 |  |  | 167 |  |  | 420 |  |  | (103 | )
Net loss attributable to Acacia Research Corporation |  | $ | (13,130 | ) |  | $ | (3,686 | ) |  | $ | (27,310 | ) |  | $ | (115,910 | ) |  | $ | (24,421 | ) |  | $ | (12,949 | ) |  | $ | (12,415 | ) |  | $ | (16,244 | )
Net loss per common share attributable to Acacia Research Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted income (loss) per share |  | $ | (0.27 | ) |  | $ | (0.08 | ) |  | $ | (0.55 | ) |  | $ | (2.33 | ) |  | $ | (0.51 | ) |  | $ | (0.27 | ) |  | $ | (0.26 | ) |  | $ | (0.34 | )
Weighted-average number of shares outstanding, basic and diluted |  | 49,212,207 |  |  | 49,423,472 |  |  | 49,630,369 |  |  | 49,749,941 |  |  | 48,329,375 |  |  | 48,543,334 |  |  | 48,806,334 |  |  | 48,944,914 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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