Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Acquisitions [Abstract]

Schedule of Purchase Price Allocation

Based on the total purchase consideration and the estimate of the assets acquired and the liabilities assumed by ARG as of the Acquisition Date, the purchase price allocation was as follows ($ amounts in thousands):

				Amortization Period	Annual Amortization
Assets Acquired and Liabilities Assumed:
Fair value of net tangible assets acquired	$	10,000
Intangible assets acquired - patents	150,000			10 years	$	15,000
Goodwill	36,202
Net deferred income tax liability	(36,202		)
Total	$	160,000

Deferred Tax Liability, Acquisition

The estimated net deferred tax liability was determined as follows ($ amounts in thousands):

	Book Basis		Tax Basis		Difference
Intangible assets acquired - patents	$	150,000	$	—	$	(150,000	)
Estimated net operating loss carryforwards - ADAPTIX	—		46,565		46,565
Net deferred tax liability - pretax					(103,435		)
Estimated tax rate					35		%
Estimated net deferred tax liability					$	(36,202	)

Business Acquisition, Pro Forma Information

The unaudited pro forma combined results are presented in thousands, except share and per share information.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues	$	34,939		$	50,585		$	184,463		$	151,461
Total operating costs and expenses	43,303			42,364			119,348			129,234
Operating income (loss)	(8,364		)	8,221			65,115			22,227
Total other income (expenses)	(41		)	25			117			78
Income (loss) from operations before benefit from (provision for) income taxes	(8,405		)	8,246			65,232			22,305
Benefit from (provision for) income taxes	1,938			(1,889		)	(16,303		)	(9,343		)
Net income (loss) including noncontrolling interests in operating subsidiaries	(6,467		)	6,357			48,929			12,962
Net (income) loss attributable to noncontrolling interests in operating subsidiaries	(152		)	257			63			(646		)
Net income (loss) attributable to Acacia Research Corporation	$	(6,619	)	$	6,614		$	48,992		$	12,316

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012			2011		2012		2011
Pro forma income (loss) per common share attributable to Acacia Research Corporation:
Basic earnings (loss) per share	$	(0.14	)	$	0.16	$	1.04	$	0.31
Diluted earnings (loss) per share	$	(0.14	)	$	0.15	$	1.03	$	0.30
Weighted average number of shares outstanding, basic	48,332,878			41,292,819		46,886,820		39,178,952
Weighted average number of shares outstanding, diluted	48,332,878			42,857,880		47,795,819		40,733,813