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INCOME/LOSS PER SHARE | 6 Months Ended
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Jun. 30, 2024
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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands, except share and per share data)
Numerator: |  |  |  |  |  |  |
Net loss attributable to Acacia Research Corporation | $ | (8,446) |  |  | $ | (18,779) |  |  | $ | (8,632) |  |  | $ | (9,332) |
Dividend on Series A redeemable convertible preferred stock | — |  |  | (700) |  |  | — |  |  | (1,400) |
Accretion of Series A redeemable convertible preferred stock | — |  |  | (1,676) |  |  | — |  |  | (3,230) |
Net loss attributable to common stockholders - Basic | (8,446) |  |  | (21,155) |  |  | (8,632) |  |  | (13,962) |
Net loss attributable to common stockholders - Diluted | $ | (8,446) |  |  | $ | (21,155) |  |  | $ | (8,632) |  |  | $ | (13,962) |
Denominator: |  |  |  |  |  |  |
Weighted average shares used in computing net income (loss) per share attributable to common stockholders - Basic | 100,079,803 |  |  | 58,408,711 |  |  | 99,912,854 |  |  | 53,219,152 |
Weighted average shares used in computing net income (loss) per share attributable to common stockholders - Diluted | 100,079,803 |  |  | 58,408,711 |  |  | 99,912,854 |  |  | 53,219,152 |
Basic net loss per common share | $ | (0.08) |  |  | $ | (0.36) |  |  | $ | (0.09) |  |  | $ | (0.26) |
Diluted net loss per common share | $ | (0.08) |  |  | $ | (0.36) |  |  | $ | (0.09) |  |  | $ | (0.26) |
Anti-dilutive potential common shares excluded from the computation of diluted net income/loss per share: |  |  |  |  |  |  |
Equity-based incentive awards | 3,898,180 |  |  | 4,759,072 |  |  | 3,898,180 |  |  | 4,759,072 |
Series B warrants | — |  |  | 31,506,849 |  |  | — |  |  | 31,506,849 |
Total | 3,898,180 |  |  | 36,265,921 |  |  | 3,898,180 |  |  | 36,265,921 |

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