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Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 2016. 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,
|  | 2016 |  | 2016 |  | 2016 |  | 2016 |  | 2015 |  | 2015 |  | 2015 |  | 2015
|  | (Unaudited, in thousands, except share and per share information)
Revenues |  | $ | 24,721 |  |  | $ | 41,351 |  |  | $ | 64,658 |  |  | $ | 21,969 |  |  | $ | 34,210 |  |  | $ | 40,336 |  |  | $ | 12,994 |  |  | $ | 37,497 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventor royalties |  | 1,573 |  |  | — |  |  | 17,844 |  |  | 3,313 |  |  | 9,325 |  |  | 1,265 |  |  | 116 |  |  | 7,756 |
Contingent legal fees |  | 4,109 |  |  | 10,418 |  |  | 7,709 |  |  | 4,238 |  |  | 4,784 |  |  | 5,512 |  |  | 1,972 |  |  | 3,901 |
Litigation and licensing expenses - patents |  | 7,723 |  |  | 7,324 |  |  | 7,348 |  |  | 5,463 |  |  | 8,675 |  |  | 9,012 |  |  | 10,345 |  |  | 11,341 |
Amortization of patents |  | 10,760 |  |  | 10,759 |  |  | 6,467 |  |  | 6,222 |  |  | 13,038 |  |  | 13,228 |  |  | 13,688 |  |  | 13,113 |
General and administrative expenses (including non-cash stock compensation expense) |  | 7,994 |  |  | 7,535 |  |  | 8,334 |  |  | 9,056 |  |  | 10,575 |  |  | 9,587 |  |  | 9,442 |  |  | 8,572 |
Research, consulting and other expenses - business development |  | 522 |  |  | 1,334 |  |  | 666 |  |  | 557 |  |  | 997 |  |  | 732 |  |  | 802 |  |  | 860 |
Impairment of patent-related intangible assets |  | — |  |  | 40,165 |  |  | — |  |  | 2,175 |  |  | — |  |  | — |  |  | — |  |  | 74,731 |
Impairment of goodwill |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 30,149 |
Other |  | 1,742 |  |  | (1,242 | ) |  | — |  |  | — |  |  | 426 |  |  | — |  |  | 3,465 |  |  | 250 |
Total operating costs and expenses |  | 34,423 |  |  | 76,293 |  |  | 48,368 |  |  | 31,024 |  |  | 47,820 |  |  | 39,336 |  |  | 39,830 |  |  | 150,673 |
Operating income (loss) |  | (9,702 | ) |  | (34,942 | ) |  | 16,290 |  |  | (9,055 | ) |  | (13,610 | ) |  | 1,000 |  |  | (26,836 | ) |  | (113,176 | )
Total other income (expense) |  | (3 | ) |  | (52 | ) |  | 261 |  |  | 592 |  |  | 228 |  |  | (104 | ) |  | (180 | ) |  | — |
Income (loss) before (provision for) benefit from income taxes |  | (9,705 | ) |  | (34,994 | ) |  | 16,551 |  |  | (8,463 | ) |  | (13,382 | ) |  | 896 |  |  | (27,016 | ) |  | (113,176 | )
Provision for income taxes |  | (192 | ) |  | (5,927 | ) |  | (9,655 | ) |  | (2,414 | ) |  | (170 | ) |  | (119 | ) |  | (337 | ) |  | (4,174 | )
Net income (loss) including noncontrolling interests |  | (9,897 | ) |  | (40,921 | ) |  | 6,896 |  |  | (10,877 | ) |  | (13,552 | ) |  | 777 |  |  | (27,353 | ) |  | (117,350 | )
Net (income) loss attributable to noncontrolling interests in operating subsidiaries |  | (68 | ) |  | 348 |  |  | 186 |  |  | 266 |  |  | 422 |  |  | (4,463 | ) |  | 43 |  |  | 1,440 |
Net income (loss) attributable to Acacia Research Corporation |  | $ | (9,965 | ) |  | $ | (40,573 | ) |  | $ | 7,082 |  |  | $ | (10,611 | ) |  | $ | (13,130 | ) |  | $ | (3,686 | ) |  | $ | (27,310 | ) |  | $ | (115,910 | )
Net loss per common share attributable to Acacia Research Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted income (loss) per share |  | $ | (0.20 | ) |  | $ | (0.81 | ) |  | $ | 0.14 |  |  | $ | (0.21 | ) |  | $ | (0.27 | ) |  | $ | (0.08 | ) |  | $ | (0.55 | ) |  | $ | (2.33 | )
Weighted-average number of shares outstanding, basic |  | 49,925,550 |  |  | 50,015,869 |  |  | 50,124,302 |  |  | 50,237,784 |  |  | 49,212,207 |  |  | 49,423,472 |  |  | 49,630,369 |  |  | 49,749,941 |
Weighted-average number of shares outstanding, diluted |  | 49,925,550 |  |  | 50,015,869 |  |  | 50,618,757 |  |  | 50,237,784 |  |  | 49,212,207 |  |  | 49,423,472 |  |  | 49,630,369 |  |  | 49,749,941 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, 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=68076893&loc=d3e1280-108306 + Details
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