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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 16,717 $ 17,400 $ 30,224 $ 23,203
Costs and expenses:        
Cost of revenues - intellectual property operations 9,226   17,982  
Engineering and development expenses - industrial operations 145 0 335 0
Sales and marketing expenses - industrial operations 2,294 0 4,310 0
General and administrative expenses 10,722 6,503 21,775 12,669
Total costs and expenses 22,387 15,756 44,402 27,235
Operating (loss) income (5,670) 1,644 (14,178) (4,032)
Equity securities investments:        
Change in fair value of equity securities (57,647) 11,158 (229,850) 49,007
Gain on sale of equity securities 11,498 14,617 78,374 15,436
Earnings on equity investment in joint venture 42,085 7 42,085 2,737
Net realized and unrealized (loss) gain (4,064) 25,782 (109,391) 67,180
Change in fair value of investment 0 0 0 (2,752)
Gain on sale of investment 0 0 0 3,591
Change in fair value of the Series A and B warrants and embedded derivatives (35,146) (5,576) (7,048) (204,485)
Loss on foreign currency exchange (1,814) (152) (2,627) (176)
Interest expense on Senior Secured Notes (1,859) (1,607) (4,460) (2,764)
Interest income and other, net 863 85 1,870 59
Total other (expense) income (42,020) 18,532 (121,656) (139,347)
(Loss) income before income taxes (47,690) 20,176 (135,834) (143,379)
Income tax benefit (expense) 200 (510) 15,078 (520)
Net (loss) income including noncontrolling interests in subsidiaries (47,490) 19,666 (120,756) (143,899)
Net income attributable to noncontrolling interests in subsidiaries (14,013) (6) (14,013) (906)
Net (loss) income attributable to Acacia Research Corporation (61,503) 19,660 (134,769) (144,805)
(Loss) income per share:        
Net (loss) income attributable to common stockholders - Basic $ (63,443) $ 15,234 $ (138,560) $ (147,099)
Weighted average number of shares outstanding - Basic 43,988,677 48,729,020 45,259,435 48,662,897
Basic net (loss) income per common share (in usd per share) $ (1.44) $ 0.31 $ (3.06) $ (3.02)
Net (loss) income attributable to common stockholders - Diluted $ (63,443) $ 18,928 $ (138,560) $ (147,099)
Weighted average number of shares outstanding - Diluted 43,988,677 83,086,980 45,259,435 48,662,897
Diluted net (loss) income per common share (in usd per share) $ (1.44) $ 0.23 $ (3.06) $ (3.02)
Intellectual property operations        
Revenues:        
Total revenues $ 8,062 $ 17,400 $ 10,677 $ 23,203
Costs and expenses:        
Cost of revenues - intellectual property operations 4,634 9,253 9,198 14,566
Industrial operations        
Revenues:        
Total revenues 8,655 0 19,547 0
Costs and expenses:        
Cost of revenues - intellectual property operations $ 4,592 $ 0 $ 8,784 $ 0