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ACQUISITION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Pro Forma | The following unaudited pro forma summary presents consolidated information, as if the business combination had occurred on January 1, 2023:
|  |  | Years Ended December 31,
|  |  |  |  | 2024 |  | 2023
|  |  |  |  | (Unaudited, in thousands)
Pro forma: |  |  |  |  |  |  |
Revenues |  |  |  |  | $ | 246,644 |  |  | $ | 313,839 |
Net (loss) income attributable to Acacia Research Corporation |  |  |  |  | (24,540) |  |  | 62,877 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred to acquire Deflecto and the recognized amounts of identifiable assets and acquired liabilities assumed at the acquisition date (in thousands):
Fair value of consideration transferred: |
Cash | $ | 59,898 |
Closing indebtedness | 21,391 |
Transaction expenses paid to Sellers | 15,290 |
Adjustment and indemnity escrow amount | 2,415 |
Total consideration | $ | 98,994 |
Identifiable assets acquired and liabilities assumed: |
Cash and cash equivalents | $ | 11,316 |
Accounts receivables | 15,705 |
Inventories | 17,617 |
Prepaid expenses and other current assets | 4,498 |
Deferred tax assets | 11,273 |
Property, plant and equipment, net | 23,203 |
Operating lease, right-of-use assets | 8,841 |
Customer relationships | 20,200 |
Trade names and trademarks | 8,600 |
Developed technology | 1,000 |
Favorable leases | 704 |
Accounts payable | (8,836) |
Accrued expenses | (17,172) |
Liability for sales tax and fees | (7,000) |
Current lease liabilities | (2,614) |
Long-term lease liabilities | (6,354) |
Deferred tax liabilities | (2,615) |
Total identifiable net assets | $ | 78,366 |
Goodwill | $ | 20,628 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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