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INCOME/LOSS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2021
Earnings Per Share [Abstract] |
INCOME/LOSS PER SHARE | INCOME/LOSS PER SHARE The following table presents the calculation of basic and diluted income/loss per share of common stock:
| Years Ended December 31,
| 2021 |  | 2020
| (In thousands, except share and per share data)
Numerator: |  |  |
Net income attributable to Acacia Research Corporation | $ | 149,197 |  |  | $ | 109,231 |
Dividend on Series A redeemable convertible preferred stock | (1,452) |  |  | (1,381) |
Accretion of Series A redeemable convertible preferred stock | (3,829) |  |  | (2,835) |
Undistributed earnings allocated to participating securities | (25,112) |  |  | (18,169) |
Net income attributable to common stockholders - Basic | 118,804 |  |  | 86,846 |
Add: Dividend on Series A redeemable convertible preferred stock | 1,452 |  |  | — |
Add: Accretion of Series A redeemable convertible preferred stock | 3,829 |  |  | — |
Less: Change in fair value of Series A redeemable convertible preferred stock embedded derivative | (8,280) |  |  | — |
Less: Change in fair value of Series A warrants | — |  |  | (1,348) |
Less: Change in fair value of dilutive Series B warrants | 44,037 |  |  | (5,557) |
Add: Interest expense associated with Starboard Notes, net of tax | 4,658 |  |  | 1,889 |
Add: Undistributed earnings allocated to participating securities | 25,112 |  |  | 18,169 |
Reallocation of undistributed earnings to participating securities | (1,388) |  |  | (15,105) |
Net income attributable to common stockholders - Diluted | $ | 188,224 |  |  | $ | 84,894 |
Denominator: |  |  |
Weighted average shares used in computing net income per share attributable to common stockholders - Basic | 48,797,290 |  |  | 48,840,829 |
Potentially dilutive common shares: |  |  |
Series A Preferred Stock | 9,589,041 |  |  | — |
Restricted stock units | 758,682 |  |  | 637,044 |
Stock options | 37,167 |  |  | 2,952 |
Series A Warrants | — |  |  | 77,592 |
Series B Warrants | 39,288,690 |  |  | 7,876,711 |
Weighted average shares used in computing net income per share attributable to common stockholders - Diluted | 98,470,870 |  |  | 57,435,128 |
Basic net income per common share | $ | 2.43 |  |  | $ | 1.78 |
Diluted net income per common share | $ | 1.91 |  |  | $ | 1.48 |
Anti-dilutive potential common shares excluded from the computation of diluted net income per common share: |  |  |
Equity-based incentive awards | 393,750 |  |  | 206,916 |
Series A warrants | 5,000,000 |  |  | — |
Series B warrants | — |  |  | 68,493,151 |
Total | 5,393,750 |  |  | 68,700,067 |

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