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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 50,484 $ 39,746 $ 149,524 $ 100,876
Cost of revenues:        
Inventor royalties 9,573 8,588 17,167 21,677
Contingent legal fees 6,607 13,039 10,355 22,406
Litigation and licensing expenses - patents 5,268 3,761 8,649 7,295
Amortization of patents 5,393 2,600 10,519 6,372
Marketing, general and administrative expenses (including non-cash stock compensation expense of $6,000 and $11,090 for the three and six months ended June 30, 2012, respectively, and $3,422 and $6,323 for the three and six months ended June 30, 2011, respectively) 11,903 8,302 25,634 18,287
Research, consulting and other expenses - business development 1,967 1,335 3,083 2,043
Total operating costs and expenses 40,711 37,625 75,407 78,080
Operating income 9,773 2,121 74,117 22,796
Interest and investment income 102 24 158 53
Income from operations before provision for income taxes 9,875 2,145 74,275 22,849
Provision for income taxes (3,494) (306) (18,241) (7,454)
Net income including noncontrolling interests in operating subsidiaries 6,381 1,839 56,034 15,395
Net (income) loss attributable to noncontrolling interests in operating subsidiaries (60) 300 215 (903)
Net income attributable to Acacia Research Corporation $ 6,321 $ 2,139 $ 56,249 $ 14,492
Net income per common share attributable to Acacia Research Corporation:        
Basic earnings per share $ 0.13 $ 0.05 $ 1.22 $ 0.38
Diluted earnings per share $ 0.13 $ 0.05 $ 1.19 $ 0.37
Weighted average number of shares outstanding, basic 47,944,193 40,994,082 46,155,846 38,104,500
Weighted average number of shares outstanding, diluted 48,938,766 42,453,782 47,208,105 39,477,616