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3. INCOME (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Calculation of basic and diluted net loss per share |
Calculation of basic and diluted net loss per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands, except share and per share information) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Acacia Research Corporation |  |  | 38,348 |  |  |  | (7,608 | ) |  |  | 33,205 |  |  |  | (17,749 | )
Dividend on Series A redeemable convertible preferred stock |  |  | (467 | ) |  |  | – |  |  |  | (1,118 | ) |  |  | – |
Accretion of Series A redeemable convertible preferred stock |  |  | (733 | ) |  |  | – |  |  |  | (2,045 | ) |  |  | – |
Undistributed earnings allocated to participating securities |  |  | (6,619 | ) |  |  | – |  |  |  | (5,204 | ) |  |  | – |
Net income (loss) attributable to common stockholders - basic |  |  | 30,529 |  |  |  | (7,608 | ) |  |  | 24,838 |  |  |  | (17,749 | )
Add: Dividend on Series A redeemable convertible preferred stock |  |  | 467 |  |  |  | – |  |  |  | – |  |  |  | – |
Add: Accretion of Series A redeemable convertible preferred stock |  |  | 733 |  |  |  | – |  |  |  | – |  |  |  | – |
Less: Change in fair value of Series A redeemable convertible preferred stock embedded derivative |  |  | (3,831 | ) |  |  | – |  |  |  | – |  |  |  | – |
Less: Change in fair value of Series A warrants |  |  | (1,348 | ) |  |  | – |  |  |  | (1,348 | ) |  |  | – |
Less: Change in fair value of dilutive Series B warrants |  |  | (5,557 | ) |  |  | – |  |  |  | (5,557 | ) |  |  | – |
Add: Interest expense associated with Starboard Notes, net of tax |  |  | 1,889 |  |  |  | – |  |  |  | 1,889 |  |  |  | – |
Add: Undistributed earnings allocated to participating securities |  |  | 6,619 |  |  |  | – |  |  |  | 5,204 |  |  |  | – |
Reallocation of undistributed earnings to participating securities |  |  | (296 | ) |  |  | – |  |  |  | (3,645 | ) |  |  | – |
Net income (loss) attributable to common stockholders - diluted |  |  | 29,204 |  |  |  | (7,608 | ) |  |  | 21,380 |  |  |  | (17,749 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders - basic |  |  | 48,467,885 |  |  |  | 49,828,361 |  |  |  | 48,949,706 |  |  |  | 49,727,385 |
Potentially dilutive common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series A Preferred Stock |  |  | 9,589,041 |  |  |  | – |  |  |  | – |  |  |  | – |
Restricted stock units |  |  | 728,936 |  |  |  | – |  |  |  | 598,328 |  |  |  | – |
Employee stock options |  |  | 21,624 |  |  |  | – |  |  |  | – |  |  |  | – |
Series A Warrants |  |  | 310,367 |  |  |  | – |  |  |  | 103,456 |  |  |  | – |
Series B Warrants |  |  | 31,506,849 |  |  |  | – |  |  |  | 10,502,283 |  |  |  | – |
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders - diluted |  |  | 90,624,702 |  |  |  | 49,828,361 |  |  |  | 60,153,773 |  |  |  | 49,727,385 |
Basic net income (loss) per common share |  | $ | 0.63 |  |  | $ | (0.15 | ) |  | $ | 0.51 |  |  | $ | (0.36 | )
Diluted net income (loss) per common share |  | $ | 0.32 |  |  | $ | (0.15 | ) |  | $ | 0.36 |  |  | $ | (0.36 | )
Anti-dilutive potential common shares excluded from the computation of diluted net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity-based incentive awards |  |  | 191,312 |  |  |  | 442,864 |  |  |  | 310,083 |  |  |  | 442,864 |
Series A warrants |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Series B warrants |  |  | 68,493,151 |  |  |  | – |  |  |  | 68,493,151 |  |  |  | – |
Total |  |  | 68,684,463 |  |  |  | 442,864 |  |  |  | 68,803,234 |  |  |  | 442,864 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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