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INCOME/LOSS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2021
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, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (In thousands, except share and per share information) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Acacia Research Corporation |  | $ | 89,604 |  |  | $ | 38,348 |  |  | $ | (55,507 | ) |  | $ | 33,205 |
Dividend on Series A redeemable convertible preferred stock |  |  | (262 | ) |  |  | (467 | ) |  |  | (785 | ) |  |  | (1,118 | )
Accretion of Series A redeemable convertible preferred stock |  |  | (991 | ) |  |  | (733 | ) |  |  | (2,762 | ) |  |  | (2,045 | )
Undistributed earnings allocated to participating securities |  |  | (15,367 | ) |  |  | (6,619 | ) |  |  | – |  |  |  | (5,204 | )
Net income (loss) attributable to common stockholders - Basic |  |  | 72,984 |  |  |  | 30,529 |  |  |  | (59,054 | ) |  |  | 24,838 |
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 |  |  | 63 |  |  |  | (1,348 | ) |  |  | – |  |  |  | (1,348 | )
Less: Change in fair value of dilutive Series B warrants |  |  | (902 | ) |  |  | (5,557 | ) |  |  | – |  |  |  | (5,557 | )
Add: Interest expense associated with Starboard Notes, net of tax |  |  | 1,536 |  |  |  | 1,889 |  |  |  | – |  |  |  | 1,889 |
Add: Undistributed earnings allocated to participating securities |  |  | 15,367 |  |  |  | 6,619 |  |  |  | – |  |  |  | 5,204 |
Reallocation of undistributed earnings to participating securities |  |  | (8,877 | ) |  |  | (296 | ) |  |  | – |  |  |  | (3,645 | )
Net income (loss) attributable to common stockholders - Diluted |  | $ | 80,171 |  |  | $ | 29,205 |  |  | $ | (59,054 | ) |  | $ | 21,381 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders - Basic |  |  | 48,949,504 |  |  |  | 48,467,885 |  |  |  | 48,759,873 |  |  |  | 48,949,706 |
Potentially dilutive common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series A Preferred Stock |  |  | – |  |  |  | 9,589,041 |  |  |  | – |  |  |  | – |
Restricted stock |  |  | 798,356 |  |  |  | 728,936 |  |  |  | – |  |  |  | 598,328 |
Stock options |  |  | 35,815 |  |  |  | 21,624 |  |  |  | – |  |  |  | – |
Series A Warrants |  |  | 2,019,724 |  |  |  | 310,367 |  |  |  | – |  |  |  | 103,456 |
Series B Warrants |  |  | 41,278,103 |  |  |  | 31,506,849 |  |  |  | – |  |  |  | 10,502,283 |
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders - Diluted |  |  | 93,081,502 |  |  |  | 90,624,702 |  |  |  | 48,759,873 |  |  |  | 60,153,773 |
Basic net income (loss) per common share |  | $ | 1.49 |  |  | $ | 0.63 |  |  | $ | (1.21 | ) |  | $ | 0.51 |
Diluted net income (loss) per common share |  | $ | 0.86 |  |  | $ | 0.32 |  |  | $ | (1.21 | ) |  | $ | 0.36 |
Anti-dilutive potential common shares excluded from the computation of diluted net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity-based incentive awards |  |  | 398,168 |  |  |  | 191,312 |  |  |  | 2,230,624 |  |  |  | 310,083 |
Series A warrants |  |  | – |  |  |  | – |  |  |  | 5,000,000 |  |  |  | – |
Series B warrants |  |  | – |  |  |  | 68,493,151 |  |  |  | 100,000,000 |  |  |  | 68,493,151 |
Total |  |  | 398,168 |  |  |  | 68,684,463 |  |  |  | 107,230,624 |  |  |  | 68,803,234 |

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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=124432515&loc=d3e3550-109257 + Details
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