0000934549-19-000017.txt : 20190315 0000934549-19-000017.hdr.sgml : 20190315 20190315161104 ACCESSION NUMBER: 0000934549-19-000017 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 87 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190315 DATE AS OF CHANGE: 20190315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACACIA RESEARCH CORP CENTRAL INDEX KEY: 0000934549 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 954405754 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37721 FILM NUMBER: 19685168 BUSINESS ADDRESS: STREET 1: 520 NEWPORT CENTER DRIVE STREET 2: 12TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9494808300 MAIL ADDRESS: STREET 1: 520 NEWPORT CENTER DRIVE STREET 2: 12TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 10-K 1 actg2018123110-k.htm 10-K Document
false--12-31FY20182018-12-3110-K000093454949647693YesfalseAccelerated Filer203206000ACACIA RESEARCH CORPfalsetrueNoNo0.0010.00110000000010000000050639926496393195063992649639319P1YP1Y0.0010.00110000000100000000000555332017294082919828 0000934549 2018-01-01 2018-12-31 0000934549 2017-01-01 2017-12-31 0000934549 2019-03-11 0000934549 2018-06-30 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee2Member 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee1Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee2Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee1Member 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000934549 2018-12-31 0000934549 2017-12-31 0000934549 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000934549 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2018-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2016-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-12-31 0000934549 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000934549 us-gaap:CommonStockMember 2016-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2018-12-31 0000934549 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000934549 us-gaap:TreasuryStockMember 2018-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2017-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000934549 us-gaap:RetainedEarningsMember 2017-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-12-31 0000934549 us-gaap:TreasuryStockMember 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000934549 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000934549 us-gaap:TreasuryStockMember 2016-12-31 0000934549 2016-01-01 2016-12-31 0000934549 us-gaap:WarrantMember 2018-12-31 0000934549 us-gaap:WarrantMember 2018-01-01 2018-12-31 0000934549 us-gaap:WarrantMember 2017-12-31 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-12-31 0000934549 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000934549 us-gaap:FairValueInputsLevel3Member 2017-12-31 0000934549 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee2Member 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee1Member 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:LicenseesInForeignJurisdictionsMember 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee4Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:LicenseesInForeignJurisdictionsMember 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee3Member 2018-01-01 2018-12-31 0000934549 srt:MaximumMember 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee1Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee3Member 2017-01-01 2017-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee3Member 2018-01-01 2018-12-31 0000934549 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember us-gaap:LeaseholdImprovementsMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember actg:ComputerHardwareAndSoftwareMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember actg:ComputerHardwareAndSoftwareMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:LeaseholdImprovementsMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:PatentsMember 2018-01-01 2018-12-31 0000934549 us-gaap:PatentsMember 2017-12-31 0000934549 us-gaap:PatentsMember 2018-12-31 0000934549 srt:MinimumMember us-gaap:PatentsMember 2018-01-01 2018-12-31 0000934549 2016-08-15 0000934549 us-gaap:WarrantMember 2017-05-17 0000934549 2017-05-17 0000934549 us-gaap:WarrantMember 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-05-17 0000934549 actg:VeritoneLoansMember actg:VeritoneMember 2017-05-17 0000934549 2017-03-14 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 srt:MaximumMember 2018-12-31 0000934549 srt:MinimumMember 2018-12-31 0000934549 us-gaap:WarrantMember 2017-01-01 2017-12-31 0000934549 us-gaap:ShareRepurchaseProgramDomain 2018-12-31 0000934549 2018-01-01 2018-03-31 0000934549 us-gaap:DomesticCountryMember 2018-12-31 0000934549 us-gaap:EmployeeStockOptionMember 2018-12-31 0000934549 actg:A2013PlanMember 2018-12-31 0000934549 us-gaap:RestrictedStockMember 2017-01-01 2017-12-31 0000934549 actg:LessThan10Member actg:IncentiveStockOptionsMember actg:DiscretionaryOptionGrantProgramMember 2018-01-01 2018-12-31 0000934549 actg:A2016PlanMember 2016-04-26 0000934549 actg:A2013PlanMember 2016-04-26 0000934549 actg:NonstatutoryOptionsMember actg:DiscretionaryOptionGrantProgramMember 2018-01-01 2018-12-31 0000934549 actg:A10OrMoreMember actg:IncentiveStockOptionsMember actg:DiscretionaryOptionGrantProgramMember 2018-01-01 2018-12-31 0000934549 2017-02-16 0000934549 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0000934549 actg:A2013StockPlanMember 2016-04-26 0000934549 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0000934549 actg:StockIssuanceProgramMember 2018-01-01 2018-12-31 0000934549 actg:A2016PlanMember 2018-12-31 0000934549 actg:StockoptionswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:RestrictedstockunitawardswithperformancebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:StockoptionswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockawardswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 us-gaap:DeferredProfitSharingMember 2018-01-01 2018-12-31 0000934549 us-gaap:DeferredProfitSharingMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockawardswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockunitawardswithperformancebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:StockoptionswithmarketbasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockunitawardswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:StockoptionswithmarketbasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:RestrictedstockunitawardswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:TimeBasedVestingConditionsMember 2018-01-01 2018-12-31 0000934549 actg:PerformanceBasedVestingConditionsMember 2017-01-01 2017-12-31 0000934549 actg:TimeBasedVestingConditionsMember 2017-01-01 2017-12-31 0000934549 actg:PerformanceBasedVestingConditionsMember 2018-01-01 2018-12-31 0000934549 actg:A2007PlanMember 2018-12-31 0000934549 2018-01-01 0000934549 us-gaap:NewAccountingPronouncementMember 2018-01-01 0000934549 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-01-01 2018-12-31 0000934549 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-01-01 2018-12-31 0000934549 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-12-31 0000934549 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-12-31 0000934549 2017-07-01 2017-09-30 0000934549 2017-01-01 2017-03-31 0000934549 2017-10-01 2017-12-31 0000934549 2017-04-01 2017-06-30 0000934549 2018-10-01 2018-12-31 0000934549 2018-04-01 2018-06-30 0000934549 2018-07-01 2018-09-30 iso4217:USD xbrli:shares actg:patents xbrli:shares xbrli:pure iso4217:USD




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________ 

FORM 10-K

x  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018

OR

  o  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM            TO           .

Commission File Number 001-37721
____________________
acaciaresearchcorp08.jpg
(Exact name of registrant as specified in its charter)
 
DELAWARE
95-4405754
(State or other jurisdiction of
(I.R.S. Employer
incorporation organization)
Identification No.)
 
 
120 NEWPORT CENTER DRIVE
 
NEWPORT BEACH, CA
92660
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code: (949) 480-8300

Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
 Name of Each Exchange on Which Registered
Common Stock, $0.001 par value
The NASDAQ Stock Market, LLC

Securities registered pursuant to Section 12(g) of the Act: None
____________________

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.   Yes £ No R
   
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes £  No  R

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to filing requirements for the past 90 days.   Yes R  No £

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes R No £

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  R

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large accelerated filer  o
 
Accelerated filer  x
 
Non-accelerated filer  o (Do not check if a smaller reporting company)
 
Smaller reporting company  x
 
 
 
Emerging growth company  o
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o
 
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   Yes  £  No  R

The aggregate market value of the registrant’s voting and non-voting common stock held by non-affiliates of the registrant on June 30, 2018, the last business day of the registrant’s most recently completed second fiscal quarter, computed by reference to the last sale price of the registrant’s common stock as reported by The Nasdaq Global Select Market on such date, was approximately $203,206,000. This computation assumes that all executive officers and directors are affiliates of the registrant. Such assumption should not be deemed conclusive for any other purpose.
As of March 11, 2019, 49,647,693 shares of common stock were issued and outstanding.
 
DOCUMENTS INCORPORATED BY REFERENCE
 
In accordance with General Instruction G(3) to Form 10-K, portions of the registrant’s Definitive Proxy Statement on Schedule 14A for its Annual Meeting of Stockholders to be filed with the Commission within 120 days after the close of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference into Part III of this Annual Report on Form 10-K. Only those portions of the proxy statement that are specifically incorporated by reference herein shall constitute a part of this Annual Report on Form 10-K.





ACACIA RESEARCH CORPORATION
ANNUAL REPORT ON FORM 10-K
FISCAL YEAR ENDED DECEMBER 31, 2018
TABLE OF CONTENTS

 
 
Page
PART I
 
 
 
Item 1.
Item 1A.
Item 1B.  
Item 2.
Item 3.
Item 4.
 
 
 
 
 
 
PART II
 
 
 
Item 5.
Item 6.
Item 7.
Item 7A.
Item 8.
Item 9.
Item 9A.
Item 9B.
 
 
 
 
 
 
PART III
 
 
 
Item 10.
Item 11.
Item 12.
Item 13.
Item 14.
 
 
 
 
 
 
PART IV
 
 
 
Item 15.


2




PART I

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

As used in this Annual Report on Form 10-K, “we,” “us” and “our” refer to Acacia Research Corporation and/or its wholly and majority-owned operating subsidiaries.  All patent portfolio investments, development, licensing and enforcement activities are conducted solely by certain of our wholly owned operating subsidiaries.

This Annual Report on Form 10-K, or the annual report, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which include, without limitation, statements about our future business operations and results, our strategies and competition, and other forward-looking statements included in this annual report. Such statements may be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms, variations of such terms or the negative of such terms. Such statements are based on management’s current expectations and are subject to a number of risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements address future events and conditions concerning earnings, capital expenditures, litigation, competition, regulatory matters, stock price volatility, liquidity and capital resources, accounting matters and investments. Actual results in each case could differ materially from those anticipated in such statements by reason of factors such as future economic conditions, legislative, regulatory and competitive developments in markets in which we and our subsidiaries operate, and other circumstances affecting anticipated revenues and costs, as more fully disclosed in our discussion of “Risk Factors” in Item 1A of Part I of this annual report. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Additional factors that could cause such results to differ materially from those described in the forward-looking statements are set forth in connection with the forward-looking statements.


ITEM 1.  BUSINESS

General

We invest in intellectual property, or IP, and related absolute return assets and engage in the licensing and enforcement of patented technologies. We partner with inventors and patent owners, from small entities to large corporations, applying our legal and technology expertise to patent assets to unlock the financial value in their patented inventions. We are an intermediary in the patent marketplace, bridging the gap between invention and application, and facilitating efficiency in connection with the monetization of patent assets.

We generate revenues and related cash flows from the granting of IP rights for the use of patented technologies that our operating subsidiaries control or own. We assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. Currently, on a consolidated basis, our operating subsidiaries own or control the rights to multiple patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a variety of industries.

We have established a proven track record of licensing and enforcement success with over 1,560 license agreements executed to date, across nearly 200 patent portfolio licensing and enforcement programs. To date, we have generated gross licensing revenue of approximately $1.6 billion, and have returned more than $767 million to our patent partners.

Corporate Information
 
We were originally incorporated in California in January 1993 and reincorporated in Delaware in December 1999. Our website address is www.acaciaresearch.com. Reference in this annual report to this website address does not constitute incorporation by reference of the information contained on or accessed through our website and references to our website address in this annual report are inactive textual references only. We make our filings with the Securities and Exchange Commission, or the SEC, including our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, other reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, and amendments to the foregoing reports, available free of charge on or through our website as soon as reasonably practicable after we file these reports with, or furnish such reports to, the SEC. In addition, we post the following information on our website:

3




 
•
our code of conduct for chief executive officer and other senior financial officers;
•
our code of conduct for employees and directors and our fraud policy;
•
our insider trading policy; and
•
charters for our audit committee, nominating and corporate governance committee and compensation committee.
 
Also, the SEC maintains an Internet website that contains reports, proxy and information statements, and other information regarding issuers, including us, that file electronically with the SEC. The public can obtain any documents that we file with the SEC at http://www.sec.gov.

Patent Licensing and Enforcement Business

Patents are an important asset class worldwide. Licensing and enforcing patents requires an experienced, well-capitalized, licensing partner. We have partnered with patent owners, including individual inventors, universities, small companies and large multi-national corporations in a variety of technology sectors. These patent owners may possess limited internal resources and/or expertise to effectively address the unauthorized use of their patented technologies, or may seek to effectively and efficiently monetize their portfolio of patented technologies on an outsourced basis.

Under U.S. law, a patent owner has the right to exclude others from making, selling or using their patented invention. A third-party infringes a patent by making, offering for sale, selling, or using a patented invention without a license from the patent owner. In the majority of cases, infringers are generally unwilling, at least initially, to negotiate or pay reasonable license fees for their unauthorized use of third-party patents and will typically indiscriminately challenge any allegations of patent infringement. Inventors and patent holders without sufficient legal, financial and expert technical resources to bring and continue the pursuit of costly and complex patent infringement actions are often effectively ignored.

As a result of the common reluctance of patent infringers to negotiate and ultimately enter into a patent license for the use of patented technologies without at least the threat of legal action, patent licensing and enforcement often begins with the filing of patent infringement litigation. However, in our experience, most patent infringement litigation settles out of court at amounts that are related to the strength of the patent portfolio and the value of the invention or inventions in the infringer’s products or services. We execute agreements that grant rights in our patents to users of our patented technologies. Our agreements can be negotiated without the filing of patent litigation, or negotiated within the context of ongoing patent litigation, depending on the specific facts and circumstances.

We are a principal in the licensing and enforcement effort, with our operating subsidiaries obtaining control of the rights in the patent portfolio, or control of the patent portfolio outright. Our relationship with patent owners drives our corporate strategy. We assume all responsibility for advancing operational expenses while pursuing a patent licensing and enforcement program, and then, when applicable, share net licensing revenue with our patent partners as that program matures, on a pre-arranged and negotiated basis. We may also provide upfront capital to patent owners as an advance against future licensing revenue. 

Patent Licensing Business Model and Strategy - Overview

We have the flexibility to structure arrangements in a number of ways to address the needs and specific sets of circumstances presented by each of our unique patent partners, ranging from outright purchases to various forms of partnering arrangements.

Generally, we maintain a 100% to 200% preferred rate of return until all deployed capital and advanced operational costs are recovered by us. After recovery of these costs, the net profit revenue share with patent partner commences, if applicable.

Key Elements of Business Strategy

Patent licensing and enforcement can be an effective and efficient way to maximize the profit potential of a patent, or patents, that are being practiced by third-parties without authorization. A patent license agreement grants a third-party user of an invention specific patent rights to the patented invention in exchange for patent license fees. Our patent licensing business provides patent holders with an opportunity to generate income from their patented inventions being practiced by third-parties without authorization and from third-parties that desire to practice their patented inventions with authorization. Our patent licensing and enforcement business strategy includes three fundamental elements, as follows:


4




•
Patent Discovery - Discover potentially valuable patents or patent portfolios.
 
•
Assessment of Economic Value - Work internally and with external experts to evaluate the use of the patented invention(s) in the relevant marketplace and assess a patent or patent portfolio's expected economic value.

•
Licensing and Enforcement - License those users wanting to utilize the patented invention with authorization. For unauthorized users of the patented invention, enter into license negotiations and, if necessary, litigation to monetize the patent based on its assessed value.

Patent Discovery. The patent process breeds, encourages and sustains innovation and invention by granting a limited monopoly to the inventor in exchange for sharing the invention with the public. Certain technologies become core technologies in the way products and services are manufactured, sold or delivered by companies across a wide array of industries. Patent discovery involves identifying core, patented technologies that have been or are anticipated to be widely adopted by third-parties in connection with the manufacture, sale or use of products and services.

Assessment of Economic Value. Subsequent to the patent discovery process, our executives work internally and/or with external industry experts in the specific technology field, to evaluate the patented invention and its adoption and implementation in the marketplace. There are a number of factors to consider when analyzing a patent and determining a patent’s value including, (i) infringement, (ii) validity, (iii) enforceability and (iv) extent of usage.

To determine infringement, we must first identify third-parties that are practicing the invention(s) covered by the patent without obtaining permission from the patent owner to do so. A key tool in determining whether or not a company is infringing a patent is a claim chart, which demonstrates how the manufacture, sale, or use of an existing product compares against the claims of the patent.

The three main factors analyzed to determine validity are: (1) anticipation, which occurs when the claims of the patent are entirely revealed within a single piece of prior art, (2) obviousness which considers whether the differences between prior art and the patented invention are so slight that they would have been obvious at the time of invention to one who is skilled in the subject matter being patented, and (3) the existence of non-patentable subject matter, which considers whether the subject matter includes naturally occurring things, abstract concepts, or algorithms that perform an ordinary function.

To determine enforceability, a number of factors are analyzed, including whether or not there has been patent misuse, or whether or not there are antitrust violations associated with the patent. Due to the inherently complex nature of patent law, only a court or specific administrative body, such as the International Trade Commission, can make a decision whether a patent is infringed, valid and enforceable; however, we employ our wealth of expertise to make the best assessment possible given a specific fact pattern and set of circumstances.

We estimate a patent’s economic value by evaluating the expected value of the license revenue stream based on past, present and future revenue of infringing products or services, and the risk that a court will disagree with our infringement, validity or enforcement assessments of the patent. The processes and procedures employed in connection with the evaluation of a specific patent portfolio for future investment, licensing and enforcement are tailored and unique to each specific situation and can vary widely based on the specific facts and circumstances of a specific patent portfolio, such as the related technology, related industry and other factors.

Our business development efforts are geared toward maintaining those relationships and identifying and growing new relationships in order to generate new technology-based patent opportunities for sustainable revenue and /or revenue growth.
 
Legislative and legal changes have increased the complexity of patent enforcement actions. We believe that this provides Acacia a competitive advantage, as many patent monetization entities have either given up or failed. Furthermore, the challenging legislative environment has kept patent asset acquisition prices low.

In fiscal year 2018, Acacia experienced a number of changes in the Company's outlook and leadership. With new management in place during the year, the focus was on capturing the value of remaining portfolio assets while starting to rebuild the new business pipeline. In addition, we began to pursue other business opportunities which complement our legacy licensing and enforcement business and leverage our IP expertise, as described below.

Licensing and Enforcement. The final step in the patent licensing and enforcement process is to seek to monetize the patent portfolio by securing license agreements based on the patents use in the marketplace and estimated value. While we prefer to convince unauthorized users of our patented inventions of the value of the patented invention and secure a license

5




agreement in a non-litigious manner, many infringers refuse to take such licenses even when confronted with substantial and persuasive evidence of infringement, validity, enforceability and significant economic value. As a result, often we must resort to litigation to demonstrate and prove infringement and ultimately induce infringers to take a license from us. We often negotiate licenses concurrently with litigation due to the fact that litigation necessitates and facilitates an information exchange that helps both sides assess the value of a patent and make informed decisions. Also, litigation eventually leads to a court’s judgment. When a court agrees with our assessment of a patent, this judgment stops recalcitrant infringers from utilizing the patented technology indefinitely, without appropriate authorization.

We engage highly competent and experienced patent lawyers to prosecute our patent portfolio litigation. It is imperative for us to be persistent and patient throughout the litigation process as it typically takes 18-36 months from the filing date of a lawsuit to yield a license agreement from a potential licensee. Often, it takes longer to secure a final court judgment.

Patent license negotiations and litigation initiated by our operating subsidiaries usually lead to serious and thoughtful discussions with the unauthorized users of the patented inventions.  The result can be quite favorable with the user being granted rights under the patents for the patented invention in its products and services in exchange for financial remuneration.

Investments

In August 2016, we entered into an investment agreement with Veritone, a cloud-based Artificial Intelligence technology company. In connection with this investment agreement, we provided a total of $53.3 million in funding. Upon Veritone’s consummation of its initial public offering on May 17, 2017, or IPO, our loans and accrued interest were automatically converted into shares of Veritone common stock, and we were issued an additional warrant to purchase additional shares of Veritone common stock as described elsewhere herein. As of December 31, 2018, the Company's investment in Veritone totaled $7.5 million.

In June 2017, we made a $2.25 million equity investment in Miso Robotics, Inc., or Miso Robotics, an innovative leader in robotics and Artificial Intelligence, or AI, solutions. The investment was part of Miso Robotics’ closing of $3.1 million in Series A funding. In addition, in February 2018, we made an additional equity investment totaling $6.0 million in the Series B financing round for Miso Robotics, increasing our fully diluted ownership interest to approximately 30%. Miso Robotics will use the capital to expand its suite of collaborative, adaptable robotic kitchen assistants and to broaden applications for Miso AI, the company’s machine learning cloud platform.

Patented Technologies

Currently, on a consolidated basis, our operating subsidiaries own or control the rights to patent portfolios with future patent expiration dates ranging from 2019 to approximately 2033, covering technologies used in a number of industries, including: transportation and automotive, telecommunications, semiconductor, consumer electronics, energy efficiency, wireless, video/imaging and medical devices.

Refer to Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview” for a summary of patent portfolios generating revenues for the applicable periods presented.

Competition

We encounter competition in the area of patent portfolio investment opportunities and enforcement. Existing non-practicing entities compete in acquiring rights to IP assets, and more entities may enter or leave the market in future periods.

We also compete with financial firms, corporate buyers and others acquiring IP and investing in other technology opportunities. Many of these competitors may have more financial and human resources than us. We may find more companies entering the market for similar technology opportunities, which may reduce our market share in one or more technology industries that we currently or in the future may rely upon to generate future revenue.
 
Companies or other entities may develop competing technologies that offer better or less expensive alternatives to our patented technologies or technology partnerships. Many potential competitors may have significantly greater resources than the resources that we or our operating subsidiaries possess. Such technological advances or entirely different approaches developed by one or more of our competitors could render certain of the technologies owned or controlled by us obsolete and/or uneconomical.



6




Employees
 
As of December 31, 2018, on a consolidated basis, we had 13 full-time employees. Neither we, nor any of our subsidiaries, are a party to any collective bargaining agreement. We believe we have good relations with our employees.


ITEM 1A.  RISK FACTORS

An investment in our common stock involves risks. You should carefully consider the risks described below, together with all of the other information included in this annual report, as well as in our other filings with the SEC, in evaluating our business. The risks described below are not the only risks we face. Additional risks that we do not yet know of or that we currently believe are immaterial may also impair our business operations. If any of the following risks actually occur, our business, financial condition and results of operations could be materially adversely affected, and the trading price of our common stock could decline significantly. Certain statements below may be considered forward-looking statements. For additional information, see “Cautionary Note Regarding Forward-Looking Statements.”
Risks Related to Our Business
     
We have a history of losses and may incur additional losses in the future.
 
We reported a net loss of $105.0 million (includes $59.1 million of unrealized equity investment losses), and a net income of $22.2 million (including $42.2 million of unrealized equity investment gains) for the years ended December 31, 2018 and 2017, respectively, and on a cumulative basis, we have sustained substantial losses since our inception. As of December 31, 2018, our accumulated deficit was $422.5 million. As of December 31, 2018, we had approximately $165.5 million in cash and cash equivalents and short-term investments and working capital of $170.4 million. Although we believe that our current cash and cash equivalents and investments will be sufficient to finance our anticipated capital and operating requirements for at least the next twelve months, we expect to continue incurring significant legal, general and administrative expenses in connection with our operations. As a result, we anticipate that we may incur losses in the future. Additional increases in our expenses without commensurate increases in revenues could significantly increase our operating losses. Any additional operating losses may have a material adverse effect on our stockholders’ equity and overall financial condition.

 Recent U.S. tax legislation may adversely affect our financial condition, results of operations and cash flows, including the ability to use net operating losses and certain other tax attributes.

On December 22, 2017, new tax legislation was signed into law. Among other things, it reduced the maximum federal corporate income tax rate to 21% in future periods, limited interest deductions, adopted elements of a territorial tax system, imposed a one-time transition tax (or “repatriation tax”) on all undistributed earnings and profits of certain U.S.-owned foreign corporations, revised the rules governing net operating losses and the rules governing foreign tax credits, and introduced new anti-base erosion provisions. Many of these changes were effective immediately, without any transition periods or grandfathering for existing transactions. While some of the changes made by the tax legislation may adversely affect the Company in one or more reporting periods and prospectively, other changes may be beneficial on a going forward basis. The legislation is unclear in many respects and could be subject to potential amendments and technical corrections, as well as interpretations and implementing regulations by the U.S. Treasury and the IRS, any of which could lessen or increase certain adverse impacts of the legislation. In addition, it is not clear how these U.S. federal income tax changes will affect state and local taxation, which often uses federal taxable income as a starting point for computing state and local tax liabilities. We continue to work with our tax advisors to determine the full impact that the recent tax legislation as a whole will have on us. We urge our investors to consult with their legal and tax advisors with respect to such legislation.
 
The value of the Company’s deferred tax assets (including the value of our net operating loss carryforwards and our tax credit carryforwards for financial statement purposes) was reduced by approximately $25.3 million in the fourth quarter of 2017 . We have provided for a full valuation allowance for net deferred tax assets as of December 31, 2018 and 2017, and we do not expect the change in tax law to have a material impact on our consolidated financial statements provided herein.

Our ability to use our federal and state net operating losses to offset potential future taxable income and related income taxes that would otherwise be due is dependent upon our generation of future taxable income before the expiration dates of the net operating losses, and we cannot predict with certainty when, or whether, we will generate sufficient taxable income to use all or any portion of our net operating losses. In addition, utilization of net operating losses to offset potential future taxable income and related income taxes that would otherwise be due is subject to annual limitations under the “ownership change” provisions of Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, or the Code, and

7




similar state provisions, which may result in the expiration of net operating losses before future utilization. In general, under the Code, if a corporation undergoes an “ownership change,” generally defined as a greater than 50% change (by value) in its equity ownership over a three-year period, the corporation’s ability to use its pre-change net operating losses and other pre-change tax attributes (such as research and development credit carryforwards) to offset its post-change taxable income or taxes may be limited. Changes in our stock ownership, some of which may be outside of our control, could in the future result in an ownership change. Although we have completed studies to provide reasonable assurance that an ownership change limitation would not apply, we cannot be certain that a taxing authority would reach the same conclusion. If, after a review or audit, an ownership change limitation were to apply, utilization of our domestic net operating losses and tax credit carryforwards could be limited in future periods and a portion of the carryforwards could expire before being available to reduce future income tax liabilities.

If we encounter unforeseen difficulties with our business or operations in the future that require us to obtain additional working capital, and we cannot obtain additional working capital on favorable terms, or at all, our business may suffer.

     Our consolidated cash and cash equivalents and short-term investments totaled $165.5 million and $136.6 million at December 31, 2018 and 2017, respectively. To date, we have relied primarily upon net cash flows from our operations and from the public and private sale of equity securities to generate the working capital needed to finance our operations. We may encounter unforeseen difficulties with our business or operations in the future that may deplete our capital resources more rapidly than anticipated. As a result, we may be required to obtain additional working capital in the future through bank credit facilities, public or private debt or equity financings, or otherwise. If we are required to raise additional working capital in the future, such financing may be unavailable to us on favorable terms, if at all, or may be dilutive to our existing stockholders. If we fail to obtain additional working capital, as and when needed, such failure could have a material adverse impact on our business, results of operations and financial condition.
 
Failure to effectively manage our operational changes could strain our managerial, operational and financial resources and could adversely affect our business and operating results.

Operational changes primarily relate to recent changes in our board of directors and senior management and the reductions in employee headcount across our licensing, business development and engineering functions during the two year period ended December 31, 2018.  During 2018, we announced various changes to our board of directors and senior management, including a reconstituted board of directors and the terminations of our President, our Chief Financial Officer, Senior Vice President of Finance and Treasurer and our Executive Vice President, General Counsel and Secretary.   We also announced in 2018 the appointment of our new Chief Intellectual Property Officer Marc W. Booth.  Changes in leadership and key management positions have inherent risks, and there are no assurances that any of our recent changes will not affect our financial condition.

In addition, employee headcount has been reduced as a result of a decrease in patent portfolio intake during the two year period. 

If we fail to manage our operational changes effectively or to develop, expand or otherwise modify our managerial, operational and financial resources and systems, our business and financial results will be materially harmed. 

Patent portfolio investments may present risks, and we may be unable to achieve the financial or other goals intended at the time of any potential investment.
Our licensing and enforcement business has depended, in part, on our ability to invest in patented technologies, patent portfolios, or companies holding such patented technologies and patent portfolios. Accordingly, historically we have engaged in patent portfolio investments in an effort to expand our patent portfolio assets. Such investments and potential investments are subject to numerous risks, including the following:
•
our inability to enter into a definitive agreement with respect to any potential patent portfolio investment, or if we are able to enter into such agreement, our inability to consummate the potential investment transaction;

•
difficulty integrating the operations, technology and personnel of the acquired entity;

•
our inability to achieve the anticipated financial and other benefits of the specific patent portfolio investment;

•
our inability to retain key personnel from the acquired company, if necessary;


8




•
difficulty in maintaining controls, procedures and policies during the transition and integration process;
 
•
diversion of our management’s attention from other business concerns; and

•
failure of our due diligence process to identify significant issues, including issues with respect to patented technologies and patent portfolios, and other legal and financial contingencies.

If we are unable to manage these risks effectively as part of any patent portfolio investment, our business could be adversely affected.
Our revenues are unpredictable, and this may harm our financial condition.
 
Due to the nature of our licensing business and uncertainties regarding the amount and timing of the receipt of license and other fees from potential infringers, stemming primarily from uncertainties regarding the outcome of enforcement actions, rates of adoption of our patented technologies, the growth rates of our existing licensees and certain other factors, our revenues may vary significantly from quarter to quarter and period to period, which could make our business difficult to manage, adversely affect our business and operating results, cause our quarterly and periodic results to fall below market expectations and adversely affect the market price of our common stock.
 
Our operating subsidiaries depend upon relationships with others to provide technology-based opportunities that can develop into profitable royalty-bearing licenses, and if they are unable to maintain and generate new relationships, then they may not be able to sustain existing levels of revenue or increase revenue.
 
Neither we nor our operating subsidiaries invent new technologies or products; rather, we depend upon the identification and investment in patents, inventions and companies that own IP through our relationships with inventors, universities, research institutions, technology companies and others. If our operating subsidiaries are unable to maintain those relationships and identify and grow new relationships, then we may not be able to identify new technology-based patent opportunities for sustainable revenue and /or revenue growth.
 
Our current or future relationships may not provide the volume or quality of technologies necessary to sustain our licensing, enforcement and overall business. If we are unable to maintain current relationships and sources of technology or to secure new relationships and sources of technology, such inability may have a material adverse effect on our revenues, operating results, financial condition and ability to maintain our licensing and enforcement business.
    
The success of our operating subsidiaries depends in part upon their ability to retain the best legal counsel to represent them in patent enforcement litigation in order to achieve favorable outcomes from such litigation. The outcome of such litigation is uncertain, and any unfavorable outcomes may harm our financial condition.
 
The success of our licensing business depends upon our operating subsidiaries’ ability to retain the best legal counsel to prosecute patent infringement litigation. As our operations evolve and industry conditions increase in complexity, it will become more difficult to find the best legal counsel to handle all of our cases. This is due in part to many of the best law firms having conflicts of interest that prevents their representation of our subsidiaries.

We spend a significant amount of our financial and management resources to pursue our current litigation matters. We believe that these litigation matters and others that we may in the future determine to pursue could continue for years and continue to consume significant financial and management resources. The counterparties to our litigation are sometimes large, well-financed companies with substantially greater resources than us. We cannot assure you that any of our current or future litigation matters will result in a favorable outcome for us. In addition, in part due to the appeals process and other legal processes, even if we obtain favorable interim rulings or verdicts in particular litigation matters, they may not be predictive of the ultimate resolution of the dispute. Also, we cannot assure you that we will not be exposed to claims or sanctions against us which may be costly or impossible for us to defend. The inability to retain the best legal counsel to represent our operating subsidiaries in infringement actions may result in unfavorable or adverse outcomes, which may result in losses, exhaustion of financial resources or other adverse effects which could encumber our ability to effectively operate our business or execute our business strategy.

Our operating subsidiaries, in certain circumstances, rely on representations, warranties and opinions made by third-parties that, if determined to be false or inaccurate, may expose us and our operating subsidiaries to certain material liabilities.
 

9




From time to time, our operating subsidiaries may rely upon representations and warranties made by third-parties from whom our operating subsidiaries acquired patents or the exclusive rights to license and enforce patents. We also may rely upon the opinions of purported experts. In certain instances, we may not have the opportunity to independently investigate and verify the facts upon which such representations, warranties, and opinions are made. By relying on these representations, warranties and opinions, our operating subsidiaries may be exposed to liabilities in connection with the licensing and enforcement of certain patents and patent rights which could have a material adverse effect on our operating results and financial condition.

In connection with patent enforcement actions conducted by certain of our subsidiaries, a court may rule that we or our subsidiaries have violated certain statutory, regulatory, federal, local or governing rules or standards, which may expose us and our operating subsidiaries to certain material liabilities.
 
In connection with any of our patent enforcement actions, it is possible that a defendant may request and/or a court may rule that we have violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against us or our operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if we or our operating subsidiaries are required to pay such monetary sanctions, attorneys’ fees and/or expenses, such payment could materially harm our operating results and our financial position.

In connection with patent enforcement actions conducted by certain of our subsidiaries, a court may find the patents invalid, not infringed or unenforceable and/or the U.S. Patent and Trademark Office, or the USPTO, or other relevant patent office, may either invalidate the patents or materially narrow the scope of their claims during the course of a reexamination, opposition or other such proceeding.
 
Patent litigation is inherently risky and the outcome is uncertain. Some of the parties that we believe infringe on our patents are large and well-financed companies with substantially greater resources than ours. We believe that these parties would devote a substantial amount of resources in an attempt to avoid or limit a finding that they are liable for infringing on our patents or, in the event liability is found, to avoid or limit the amount of associated damages. In addition, there is a risk that these parties may file reexaminations or other proceedings with the USPTO or other government agencies in the United States or abroad in an attempt to invalidate, narrow the scope or render unenforceable the patents we own or control. If this were to occur, it may have a material adverse effect on our operations.
 
In addition, it is difficult to predict the outcome of patent enforcement litigation at any level. In the United States, there is a higher rate of appeals in patent enforcement litigation than standard business litigation. The defendant to any case we bring, may file as many appeals as allowed by right, including to the first, second and/or final courts of appeal (in the United States those courts would be the Federal Circuit and Supreme Court, respectively). Such appeals are expensive and time-consuming, and the outcomes of such appeals are sometimes unpredictable, resulting in increased costs and reduced or delayed revenue which could have a material adverse effect on our operating results and financial condition.
 
Our licensing cycle is lengthy and costly, and our legal and sales efforts may be unsuccessful.

We expect our operating subsidiaries to incur significant general and administrative and legal expenses prior to entering into license agreements and generating license revenues. We also spend considerable resources educating prospective licensees on the benefits of a license arrangement with us. As such, we may incur significant losses in any particular period before any associated revenue stream begins.

If our efforts to educate prospective licensees on the benefits of a license arrangement are unsuccessful, we may need to pursue litigation or other enforcement action to protect our patent rights. We may also need to litigate to enforce the terms of our existing license agreements, protect our trade secrets, or determine the validity and scope of the proprietary rights of others. Enforcement proceedings are typically protracted and complex. The costs are typically substantial, and the outcomes are unpredictable. Enforcement actions will divert our managerial, technical, legal and financial resources from business operations and there are no assurances that such enforcement actions will result in favorable results for us.

Failure to maintain effective internal control over our financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act could cause our financial reports to be inaccurate.

We are required pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, or Section 404, to maintain internal control over financial reporting and to assess and report on the effectiveness of those controls. This assessment includes disclosure of any material weaknesses identified by our management in our internal control over financial reporting.


10




Our management concluded that our internal control over financial reporting was effective as of December 31, 2018. However, there are inherent limitations on effectiveness of controls. Our management, including our chief intellectual property officer and corporate controller, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of the effectiveness of controls to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

If we are not able to maintain effective internal control over financial reporting, our financial statements, including related disclosures, may be inaccurate, which could have a material adverse effect on our business. Refer to Item 9A. “Controls and Procedures” for additional information related to the current period.

Our equity investments are subject to risks and we may experience significant financial losses.

As described herein, in August 2016, we invested in Veritone. In connection with this investment, we entered into an investment agreement and bridge financing with Veritone, investing approximately $53.3 million in Veritone, comprised of common stock and warrants. In fiscal year 2018, we realized a loss of $19.1 million on the sale of 2,700,000 shares of Veritone common stock at a weighted average price of $7.07. As of December 31, 2018, the Company's investment in Veritone totaled $7.5 million.

In addition, in June 2017, we made a $2.25 million investment in Miso Robotics, as part of Miso Robotics’ closing of $3.1 million in Series A funding. In February 2018, we made an additional strategic equity investment totaling $6.0 million in the Series B financing round for Miso Robotics.

Our equity investments are subject to a high degree of risk and could diminish our financial condition. Currently, none of our investees are profitable and have limited financial resources. The overall sustained economic uncertainty, as well as financial, operational and other difficulties encountered by certain companies in which we have equity investments increases the risk that the actual amounts realized in the future on our debt and equity investments will differ significantly from the fair values currently assigned to them. In addition, the companies in which we have equity investments may not be able to compete effectively or there may be insufficient demand for the services and products offered by these companies. These investments could also expose us to significant financial losses and may limit alternative uses of our capital resources. If our investees suffer losses, our financial condition could be materially adversely affected. In addition, applicable securities law restrictions and other factors may result in an inability to liquidate any equity components of our equity investments.


Risks Related to Our Industry
 
Our exposure to uncontrollable outside influences, including new legislation, court rulings or actions by the USPTO, could adversely affect our licensing and enforcement business and results of operations.
Our licensing and enforcement business is subject to numerous risks from outside influences, including the following:
New legislation, regulations or rules related to obtaining patents or enforcing patents could significantly increase our operating costs and decrease our revenue.
Our operating subsidiaries invest in patents with enforcement opportunities and spend a significant amount of resources to enforce those patents. If new legislation, regulations or rules are implemented by Congress, the USPTO or the courts that impact the patent application process, the patent enforcement process or the rights of patent holders, such changes could negatively affect our business. United States patent laws were amended with the enactment of the Leahy-Smith America Invents Act, or the America Invents Act, which took effect on March 16, 2013. The America Invents Act includes a number of significant changes to U.S. patent law. In general, the legislation attempts to address issues surrounding the enforceability of patents and the increase in patent litigation by, among other things, establishing new procedures for patent litigation. For example, the America Invents Act changes the way that parties may be joined in patent infringement actions, increasing the likelihood that such actions will need to be brought against individual allegedly-infringing parties by their respective individual

11




actions or activities. In addition, the America Invents Act enacted a new inter-partes review process, or IPR process, at the USPTO which can be, and often is, used by defendants, and other individuals and entities, to separately challenge the validity of any patent. The IPR process of the America Invents Act has in many instances increased costs for licensing and litigation and has resulted in the loss of certain portfolio patents which, in some cases, may have negatively impacted the value of those portfolios. The America Invents Act and its implementation has increased the uncertainties and costs surrounding the enforcement of our patented technologies, which in certain circumstances could have a material adverse effect on our business and financial condition.
The U.S. Department of Justice, or the DOJ, has conducted reviews of the patent system to evaluate the impact of patent assertion entities on industries in which those patents relate. It is possible that the findings and recommendations of the DOJ could impact the ability to effectively license and enforce standards-essential patents and could increase the uncertainties and costs surrounding the enforcement of any such patented technologies. Also, in 2014, the Federal Trade Commission, or FTC, initiated a study under Section 6(b) of the Federal Trade Commission Act to evaluate the patent assertion practice and market impact of Patent Assertion Entities, or PAEs.  The FTC’s initial notice and request for public comment relating to the PAE study appeared in the Federal Register on October 3, 2013.  We received and responded to a request for information as part of this FTC study.  The FTC study entitled, “Patent Assertion Entity Activity” was released in October 2016.
Finally, new rules regarding the burden of proof in patent enforcement actions could significantly increase the cost of our enforcement actions, and new standards or limitations on liability for patent infringement could negatively impact our revenue derived from such enforcement actions. In addition, recent federal court decisions have lowered the threshold for obtaining attorneys’ fees in patent infringement cases and increased the level of deference given to a district court’s fee-shifting determination. These decisions may make it easier for district courts to shift a prevailing party’s attorneys’ fees to a non-prevailing party if the district court believes that the case was weak or conducted in an abusive manner. As a result, defendants in patent infringement actions brought by non-practicing entities may elect not to settle because these decisions make it much easier for defendants to get attorneys’ fees.
Changes in patent law could adversely impact our business.
Patent laws may continue to change, and may alter the historically consistent protections afforded to owners of patent rights. Such changes may not be advantageous for us and may make it more difficult to obtain adequate patent protection to enforce our patents against infringing parties. Increased focus on the growing number of patent-related lawsuits may result in legislative changes which increase our costs and related risks of asserting patent enforcement actions. For instance, the United States Congress has considered a bill that would require, among other things, non-practicing entities that bring patent infringement lawsuits to pay legal costs of the defendants, if the lawsuits are unsuccessful and certain standards are not met.
Trial judges and juries often find it difficult to understand complex patent enforcement litigation, and as a result, we may need to appeal adverse decisions by lower courts in order to successfully enforce our patents.
It is difficult to predict the outcome of patent enforcement litigation at the trial level. It is often difficult for juries and trial judges to understand complex, patented technologies, and as a result, there is a higher rate of successful appeals in patent enforcement litigation than more standard business litigation. Such appeals are expensive and time consuming, resulting in increased costs and delayed revenue. Although we diligently pursue enforcement litigation, we cannot predict with significant reliability the decisions made by juries and trial courts.
More patent applications are filed each year resulting in longer delays in getting patents issued by the USPTO.
Certain of our operating subsidiaries hold and continue to invest in pending patents. We have identified a trend of increasing patent applications each year, which we believe is resulting in longer delays in obtaining approval of pending patent applications. The application delays could cause delays in recognizing revenue from these patents and could cause us to miss opportunities to license patents before other competing technologies are developed or introduced into the market.
Federal courts are becoming more crowded, and as a result, patent enforcement litigation is taking longer.
Our patent enforcement actions are almost exclusively prosecuted in federal court. Federal trial courts that hear our patent enforcement actions also hear criminal cases. Criminal cases always take priority over our actions. As a result, it is difficult to predict the length of time it will take to complete an enforcement action. Moreover, we believe there is a trend in increasing numbers of civil lawsuits and criminal proceedings before federal judges and, as a result, we believe that the risk of delays in our patent enforcement actions will have a greater negative effect on our business in the future unless this trend changes.

12




Any reductions in the funding of the USPTO could have an adverse impact on the cost of processing pending patent applications and the value of those pending patent applications.
The assets of our operating subsidiaries consist of patent portfolios, including pending patent applications before the USPTO. The value of our patent portfolios is dependent upon the issuance of patents in a timely manner, and any reductions in the funding of the USPTO could negatively impact the value of our assets. Further, reductions in funding from Congress could result in higher patent application filing and maintenance fees charged by the USPTO, causing an increase in our expenses.
Competition is intense in the industries in which our subsidiaries do business and as a result, we may not be able to grow or maintain our market share for our technologies and patents.
We expect to encounter competition in the area of patent portfolio investments and enforcement. This includes competitors seeking to invest in the same or similar patents and technologies that we may seek to invest in. As new technological advances occur, many of our patented technologies may become obsolete before they are completely monetized. If we are unable to replace obsolete technologies with more technologically advanced patented technologies, then this obsolescence could have a negative effect on our ability to generate future revenues.
Our licensing business also competes with venture capital firms and various industry leaders for patent licensing opportunities. Many of these competitors may have more financial and human resources than we do. As we become more successful, we may find more companies entering the market for similar technology opportunities, which may reduce our market share in one or more technology industries that we currently rely upon to generate future revenue.
Our patented technologies face uncertain market value.
Our operating subsidiaries have invested in patents and technologies that may be in the early stages of adoption in the commercial and consumer markets. Demand for some of these technologies is untested and is subject to fluctuation based upon the rate at which our licensees will adopt our patents and technologies in their products and services.
Further, significant judgment is required in connection with estimates of the recoverability of the carrying value of our intangible patent assets, including estimates of market values, estimates of the amount and timing of future cash flows, and estimates of other factors that are used to determine the fair value and recoverability of the respective patent asset values. Developments with respect to ongoing patent litigation, patent challenges and re-exams, legislative and judicial decisions and other factors outside of our control, may unfavorably impact the validity, applicability, and enforceability of our patent assets, and therefore, negatively impact the future value of our patent portfolios. If certain of these unfavorable events occur, our estimates or related projections may change materially in future periods, and future intangible asset impairment tests may result in material charges to earnings.
As patent enforcement litigation becomes more prevalent, it may become more difficult for us to voluntarily license our patents.
We believe that the more prevalent patent enforcement actions become, the more difficult it will be for us to voluntarily license our patents. As a result, we may need to increase the number of our patent enforcement actions to cause infringing companies to license the patent or pay damages for lost royalties. This may increase the risks associated with an investment in our company.
Patent litigation trials and scheduled trial dates are subject to routine delay, and any such delays could adversely impact our business, results of operations and financial condition.
Patent infringement trials are components of our overall patent licensing process and are one of many factors that contribute to the existence of possible future revenue opportunities for us.  Patent litigation schedules in general, and in particular trial dates, are subject to routine adjustment, and in most cases delay, as courts adjust their calendars or respond to requests from one or more parties. Trial dates often are rescheduled by the court for various reasons that are often unrelated to the underlying patent assets and typically for reasons that are beyond our control. As a result, to the extent such events are an indicator of possible future revenue opportunities for us, or other outcome determinative events, they may and often do change which can result in delay of the expected scheduled event. Any such delay could be significant and could affect the corresponding future revenue opportunities, thus adversely impacting our business, results of operations and financial condition. 

13




The markets served by our operating subsidiaries are subject to rapid technological change, and if our operating subsidiaries are unable to develop and invest in new technologies and patents, our ability to generate revenues could be substantially impaired.
 
The markets served by our operating subsidiaries and their licensees frequently undergo transitions in which products rapidly incorporate new features and performance standards on an industry-wide basis. Products for communications applications and high-speed computing applications, as well as other applications covered by our operating subsidiaries’ IP, are based on continually evolving industry standards. In addition, the communications industry is intensely competitive and has been impacted by price erosion, rapid technological change, short product life cycles, cyclical market patterns and increasing foreign and domestic competition. Our ability to compete in the future will depend on our ability to identify and ensure compliance with evolving industry standards. This will require our continued efforts and success in acquiring new patent portfolios with licensing and enforcement opportunities. If we are unable to invest in new patented technologies and patent portfolios, or to identify and ensure compliance with evolving industry standards, our ability to generate revenues could be substantially impaired and our business and financial condition could be materially harmed.
 
Uncertainty in global economic conditions could negatively affect our business, results of operations and financial condition.
 
Our revenue-generating opportunities depend on the use of our patented technologies by existing and prospective licensees, the overall demand for the products and services of our licensees, and on the overall economic and financial health of our licensees. If economic conditions do not continue to improve, or if they deteriorate, many of our licensees’ customers, which may rely on credit financing, may delay or reduce their purchases of our licensees’ products and services. In addition, the use or adoption of our patented technologies is often based on current and forecasted demand for our licensees’ products and services in the marketplace and may require companies to make significant initial commitments of capital and other resources. If negative conditions in the global credit markets delay or prevent our licensees’ and their customers’ access to credit, overall consumer spending on the products and services of our licensees may decrease and the adoption or use of our patented technologies may slow, respectively. Further, if the markets in which our licensees’ participate do not continue to improve, or deteriorate further, this could negatively impact our licensees’ long-term sales and revenue generation, margins and operating expenses, which could in turn have an adverse effect on our business, results of operations and financial condition.

 
Risks Related to Our Common Stock
 
The availability of shares for sale in the future could reduce the market price of our common stock.
 
In the future, we may issue securities to raise cash for operations and patent portfolio investments. We may also pay for interests in additional subsidiary companies by using shares of our common stock or a combination of cash and shares of our common stock. We may also issue securities convertible into our common stock. Any of these events may dilute stockholders’ ownership interests in our company and have an adverse impact on the price of our common stock.
 
In addition, sales of a substantial amount of our common stock in the public market, or the perception that these sales may occur, could reduce the market price of our common stock. This could also impair our ability to raise additional capital through the sale of our securities.
 
Delaware law and our charter documents contain provisions that could discourage or prevent a potential takeover of our company that might otherwise result in our stockholders receiving a premium over the market price of their shares.
 
Provisions of Delaware law and our certificate of incorporation and bylaws could make the acquisition of our company by means of a tender offer, proxy contest or otherwise, and the removal of incumbent officers and directors, more difficult. These provisions include:
 
•
Section 203 of the Delaware General Corporation Law, which prohibits a merger with a 15%-or-greater stockholder, such as a party that has completed a successful tender offer, until three years after that party became a 15%-or-greater stockholder;
 
•
amendment of our bylaws by the stockholders requires a two-thirds approval of the outstanding shares;
 
•
the authorization in our certificate of incorporation of undesignated preferred stock, which could be issued without stockholder approval in a manner designed to prevent or discourage a takeover;

14




  
•
provisions in our bylaws eliminating stockholders’ rights to call a special meeting of stockholders, which could make it more difficult for stockholders to wage a proxy contest for control of our board of directors or to vote to repeal any of the anti-takeover provisions contained in our certificate of incorporation and bylaws; and
  
•
the division of our board of directors into three classes with staggered terms for each class, which could make it more difficult for an outsider to gain control of our board of directors.
 
Together, these provisions may make the removal of management more difficult and may discourage transactions that could otherwise involve payment of a premium over prevailing market prices for our common stock.

We may fail to meet market expectations because of fluctuations in quarterly operating results, which could cause the price of our common stock to decline.
 
Our reported revenues and operating results have fluctuated in the past and may continue to fluctuate significantly from quarter to quarter in the future. It is possible that in future periods, revenues could fall below the expectations of securities analysts or investors, which could cause the market price of our common stock to decline. The following are among the factors that could cause our operating results to fluctuate significantly from period to period:
 
•
the dollar amount of agreements executed in each period, which is primarily driven by the nature and characteristics of the technology being licensed and the magnitude of infringement associated with a specific licensee;
   
•
the specific terms and conditions of agreements executed in each period and the periods of infringement contemplated by the respective payments;
   
•
fluctuations in the total number of agreements executed;
   
•
fluctuations in the sales results or other royalty-per-unit activities of our licensees that impact the calculation of license fees due;   

•
the timing of the receipt of periodic license fee payments and/or reports from licensees; 
  
•
fluctuations in the net number of active licensees period to period; 
  
•
costs related to investments, alliances, licenses and other efforts to expand our operations;
 
•
the timing of payments under the terms of any customer or license agreements into which our operating subsidiaries may enter;

•
we may elect to account for equity investments in companies where our investment gives us the ability to exercise significant influence over the operating and financial policies of the investee at fair value, which may result in significant fluctuations in operating results (unrealized gains and losses) each period based on fluctuations in the stock price of our investments and the requirement to mark such investments to market at each balance sheet date;
  
•
expenses related to, and the timing and results of, patent filings and other enforcement proceedings relating to IP rights, as more fully described in this section; and

•
new litigation or developments in current litigation and the unpredictability of litigation results or settlements or appeals.
   
Technology company stock prices are especially volatile, and this volatility may depress the price of our common stock.
 
The stock market has experienced significant price and volume fluctuations, and the market prices of technology companies have been highly volatile. We believe that various factors may cause the market price of our common stock to fluctuate, perhaps substantially, including, among others, the following:
 
•
announcements of developments in our patent enforcement actions;
   
•
developments or disputes concerning our patents;

15




   
•
our or our competitors’ technological innovations;
 
•
developments in relationships with licensees;
   
•
variations in our quarterly operating results;
 
•
our failure to meet or exceed securities analysts’ expectations of our financial results;
  
•
a change in financial estimates or securities analysts’ recommendations;
   
•
changes in management’s or securities analysts’ estimates of our financial performance;
   
•
changes in market valuations of similar companies;

•
concerns about sovereign debt of the United States and the European Union;
   
•
announcements by us or our competitors of significant contracts, investments, partnerships, joint ventures, capital commitments, new technologies, or patents; and
 
•
failure to complete significant transactions.

      For example, the NASDAQ-100 Technology Sector Index (NDXT) had a range of $3,451.91 - $4,544.46 during the 52-weeks ended December 31, 2018 and the NASDAQ Composite Index (IXIC) had a range of $6,190.17- $8,133.30 over the same period. Over the same period, our common stock fluctuated within a range of $2.75 - $4.40.
 
As noted above, our stock price, like many others, has fluctuated significantly in recent periods and if investors have concerns that our business, operating results and financial condition will be negatively impacted by industry, global economic or other negative conditions, our stock price could continue to fluctuate significantly in future periods.
 
In addition, we believe that fluctuations in our stock price during applicable periods can also be impacted by court rulings and/or other developments in our patent licensing and enforcement actions. Court rulings in patent enforcement actions are often difficult to understand, even when favorable or neutral to the value of our patents and our overall business, and we believe that investors in the market may overreact, causing fluctuations in our stock prices that may not accurately reflect the impact of court rulings on our business operations and assets.
 
In the past, companies that have experienced volatility in the market price of their stock have been the objects of securities class action litigation. If our common stock was the object of securities class action litigation, it could result in substantial costs and a diversion of management’s attention and resources, which could materially harm our business and financial results.

We do not currently intend to pay dividends on our common stock in the foreseeable future, and consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
On February 23, 2016, our board of directors eliminated our dividend policy that provided for the discretionary payment of a total annual cash dividend of $0.50 per common share, payable in the amount of $0.125 per share per quarter, effective as of February 23, 2016. As a result, we do not anticipate paying any cash dividends to holders of our common stock in the foreseeable future. Consequently, investors must rely on sales of their common stock after price appreciation, which may never occur, as the only way to realize any future gains on their investments. There is no guarantee that shares of our common stock will appreciate in value or even maintain the price at which our stockholders have purchased their shares.


ITEM 1B. UNRESOLVED STAFF COMMENTS

None.



16




ITEM 2. PROPERTIES

Our principal executive, corporate and administrative offices are located in Newport Beach, California, where we lease approximately 2,075 square feet of office space, under a lease agreement that expires in 2019. Our primary operating subsidiary, Acacia Research Group, LLC, and its subsidiaries, are headquartered in Frisco, Texas, where we lease office space under a lease agreement that expires in 2020. Certain of our operating subsidiaries also maintain additional office space in New York and Munich, Germany. We believe that our facilities are adequate, suitable and of sufficient capacity to support our immediate needs.


ITEM 3. LEGAL PROCEEDINGS

In the ordinary course of business, we are the subject of, or party to, various pending or threatened legal actions, including various counterclaims in connection with our patent enforcement activities. We believe that any liability arising from these actions will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Our operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. Certain of our operating subsidiaries are parties to ongoing patent enforcement related litigation, alleging infringement by third-parties of certain of the patented technologies owned or controlled by our operating subsidiaries.

In connection with any of our patent enforcement actions, it is possible that a defendant may claim and/or a court may rule that we have violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against us or our operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by us or our operating subsidiaries, could materially harm our operating results and our financial position.

We spend a significant amount of our financial and management resources to pursue our current litigation matters. We believe that these litigation matters and others that we may in the future determine to pursue could continue for years and continue to consume significant financial and management resources. The counterparties to our litigation are sometimes large, well-financed companies with substantially greater resources than us. We cannot assure you that any of our current or future litigation matters will result in a favorable outcome for us. In addition, in part due to the appeals process and other legal processes, even if we obtain favorable interim rulings or verdicts in particular litigation matters, they may not be predictive of the ultimate resolution of the dispute. Also, we cannot assure you that we will not be exposed to claims or sanctions against us which may be costly or impossible for us to defend. Unfavorable or adverse outcomes may result in losses, exhaustion of financial resources or other adverse effects which could encumber our ability to effectively and efficiently monetize our assets.

On June 17, 2015, Celltrace Communications Ltd., or Celltrace, filed a lawsuit against Acacia in U.S. District Court for the Southern District of New York, Case No. 1:15-cv-04746, alleging, among other things, significant damages for alleged breach of contract, unjust enrichment and fraud.  Acacia disputes the allegations and does not believe that Celltrace is entitled to any damages.  Acacia successfully moved to compel arbitration of the dispute, and the District Court stayed the litigation pending arbitration before the International Court of Arbitration for the International Chamber of Commerce, or the ICC.  Celltrace appealed the decision to the U.S. Court of Appeals for the Second Circuit, which denied the appeal.  Celltrace filed its request for arbitration of the claims with the ICC on November 28, 2016.  Acacia filed an answer denying all allegations of wrongdoing and asserting affirmative defenses.  A tribunal was appointed to preside over the arbitration and conducted its first case management conference on June 26, 2017.  The parties conducted discovery and submitted their cases in chief to the tribunal in a series of written submissions per the tribunal’s orders between January 2018 and December 2018.  The tribunal held an evidentiary hearing with live witness testimony in New York City between February 4, 2019 and February 13, 2019.  At the end of the hearing, the tribunal set a schedule for post-hearing briefing by the parties, which is currently scheduled to conclude in April 2019, after which the tribunal will render a decision.  Acacia continues to vigorously contest all allegations of wrongdoing.

    
ITEM 4. MINE SAFETY DISCLOSURES

None.

17




PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

General

Our common stock trades on The NASDAQ Global Select Market under the symbol “ACTG.”

Dividend Policy

On April 23, 2013, we announced that our Board of Directors approved the adoption of a cash dividend policy that called for the payment of an expected total annual cash dividend of $0.50 per common share, payable in the amount of $0.125 per share per quarter. On February 23, 2016, our Board of Directors terminated the company’s dividend policy due to a number of factors, including our financial performance, our available cash resources, our cash requirements and alternative uses of capital that our Board of Directors concluded would represent an opportunity to generate a greater return on investment for us and our stockholders.

The current policy of our Board of Directors is to retain earnings, if any, to provide for our growth. Consequently, we do not expect to pay any cash dividends in the foreseeable future. Further, there can be no assurance that our proposed operations will generate revenues and cash flow needed to declare any future cash dividends or that we will have legally available funds to pay future dividends.

Recent Sales of Unregistered Securities

None.

Stock Repurchase Program
    
In February 2018, our Board of Directors authorized a stock repurchase program, or the Program, to repurchase up to $20 million of our outstanding common stock in open market purchases or private purchases, from time to time, in amounts and at prices to be determined by the Board of Directors at its discretion. In determining whether or not to repurchase any shares of our common stock, our Board of Directors will consider such factors as the impact of the repurchase on our cash position, as well as our capital needs and whether there is a better alternative use of our capital. In fiscal year 2018, we repurchased 1,190,420 shares of common stock at an average price of $3.89 for $4,634,000. All of these shares were repurchased during the second quarter of fiscal year 2018. The Program expired on February 28, 2019.

Holders of Common Stock

On March 11, 2019, there were approximately 49 owners of record of our common stock. The majority of the outstanding shares of our common stock are held by a nominee holder on behalf of an indeterminable number of ultimate beneficial owners.

ITEM 6. SELECTED FINANCIAL DATA

Not required for "smaller reporting companies."


18




ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our consolidated financial statements included elsewhere in this Annual Report on Form 10-K. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors including the risks we discuss in Item 1A, “Risk Factors,” and elsewhere herein.

General

We invest in intellectual property, or IP, and related absolute return assets and engage in the licensing and enforcement of patented technologies. We partner with inventors and patent owners, applying our legal and technology expertise to patent assets to unlock the financial value in their patented inventions. We generate revenues and related cash flows from the granting of patent rights for the use of patented technologies that our operating subsidiaries control or own. We assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. We are principals in the licensing and enforcement effort, obtaining control of the rights in the patent portfolio, or control of the patent portfolio outright.

We have a proven track record of licensing and enforcement success with over 1,560 license agreements executed to date, across nearly 200 patent portfolio licensing and enforcement programs. Currently, on a consolidated basis, our operating subsidiaries own or control the rights to multiple patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a variety of industries. To date, we have generated gross licensing revenue of approximately $1.6 billion, and have returned more than $767 million to our patent partners.

Our business is described more fully in Item 1. “Business,” of this annual report.

Executive Overview

For the years ended December 31, 2018 and 2017, we reported revenues of $131.5 million and $65.4 million. Cash and short-term investments totaled $165.5 million as of December 31, 2018, as compared to $136.6 million as of December 31, 2017. Our operating activities during the periods presented were focused on the continued operation of our patent licensing and enforcement business, including the continued pursuit of our ongoing patent licensing and enforcement programs. During 2018 and 2017, we also focused on cost reduction and optimization efforts, including reductions in headcount, renegotiation of certain existing arrangements, termination of certain patent licensing programs to maximize resource allocation, and reducing facilities costs.

Our team’s expertise in identifying and evaluating complex IP, and in developing and cultivating long-term business relationships, provides us a unique window into innovation and technological advancement. We are increasing our efforts to leverage our expertise and experience to create new avenues and monetize our existing IP assets, which we believe will lead to increased shareholder value. We will leverage our experience, expertise, data and relationships developed as a leader in the IP industry to pursue these opportunities.

Enforcement Activities. As previously reported, in March 2017, our subsidiary, Saint Lawrence Communications, LLC, or Saint Lawrence, received a jury verdict in its case against Motorola, Inc. in the United States District Court for the Eastern District of Texas, or District Court. The jury returned a verdict that five U.S. patents were valid and infringed. The jury found that the infringement was willful and returned a damages award of nearly $9.2 million for past infringement. In addition, our German subsidiary, Saint Lawrence Communications GmbH, was granted injunctions by the German court in enforcement proceedings against Motorola, Inc. In the fourth quarter of 2018, Saint Lawrence and Saint Lawrence Communications GmbH entered into an agreement with Motorola, Inc. to resolve the patent litigation.

During the second quarter of 2017, Saint Lawrence resolved its enforcement actions against ZTE including the U.S. lawsuit. In February 2018, Saint Lawrence and Saint Lawrence Communications GmbH entered into an agreement with Apple Inc. to resolve all outstanding litigation.

As previously reported, in September 2016, our subsidiary Cellular Communications Equipment LLC, or CCE, received a jury verdict of infringement by Apple, Inc. In the third quarter of 2017, CCE entered into an agreement with Apple Inc. to resolve the patent litigation.

19





Investment in Veritone. In connection with its previous investment in Veritone in August 2016, Acacia received an aggregate total of 4,119,521 shares and 1,120,432 warrants of Veritone. In fiscal year 2018, Acacia sold 2,700,000 shares of Veritone common stock at a weighted average price of $7.07 and recorded a realized loss of $19.1 million on the sale. Refer to Note 6 to the consolidated financial statements elsewhere herein for additional information regarding our investment in Veritone.

Investment in Miso Robotics. In June 2017, Acacia made a $2.25 million equity investment in Miso Robotics, as part of Miso Robotics’ closing of $3.1 million in Series A funding. In February 2018, we made an additional strategic equity investment totaling $6.0 million in the Series B financing round for Miso Robotics. Refer to Note 6 to the consolidated financial statements elsewhere herein for additional information regarding our investment in Miso Robotics.

Patent Portfolio Intake. In fiscal year 2018, Acacia underwent a number of changes, including the establishment of a new IP team that is working to refill the patent portfolio intake pipeline. In addition, the Company has experienced substantial deal flow and is currently considering many late stage opportunities.

Operating activities during the periods presented included the following:
 
2018
 
2017
 
 
 
 
Revenues (in thousands)
$
131,506

 
$
65,402

New agreements executed
12

 
20

Licensing and enforcement programs generating revenues - during the respective period
8

 
13

Licensing and enforcement programs with initial revenues
—

 
1

New patent portfolios
—

 
1

Year-end cash, cash equivalents and short-term investments
$
165,463

 
$
136,604


Our revenues historically have fluctuated period to period, and can vary significantly, based on a number of factors including the following:

•
the dollar amount of agreements executed each period, which can be driven by the nature and characteristics of the technology or technologies being licensed and the magnitude of infringement associated with a specific licensee;
•
the specific terms and conditions of agreements executed each period including the nature and characteristics of rights granted, and the periods of infringement or term of use contemplated by the respective payments;
•
fluctuations in the total number of agreements executed each period;
•
the number of, timing, results and uncertainties associated with patent licensing negotiations, mediations, patent infringement actions, trial dates and other enforcement proceedings relating to our patent licensing and enforcement programs;
•
the relative maturity of licensing programs during the applicable periods;
•
other external factors, including the periodic status or results of ongoing negotiations, the status or results of ongoing litigations and appeals, actual or perceived shifts in the regulatory environment, impact of unrelated patent related judicial proceedings and other macroeconomic factors;
•
the willingness of prospective licensees to settle significant patent infringement cases and pay reasonable license fees for the use of our patented technology, as such infringement cases approached a court determined trial date; and
•
fluctuations in overall patent portfolio related enforcement activities which are impacted by the portfolio intake challenges discussed above.
  
Our management does not attempt to manage for smooth sequential periodic growth in revenues period to period, and therefore, periodic results can be uneven. Unlike most operating businesses and industries, licensing revenues not generated in a current period are not necessarily foregone but, depending on whether negotiations, litigation or both continue into subsequent periods, and depending on a number of other factors, such potential revenues may be pushed into subsequent fiscal periods.



20




Summary of Results of Operations - For Fiscal Years 2018 and 2017
(In thousands, except percentage change values)
 
Fiscal Year
 
% Change
 
2018
 
2017
 
2018 vs. 2017
 
 
 
 
 
 
Revenues
$
131,506

 
$
65,402

 
101
 %
Inventor royalties and contingent legal fees
66,669

 
21,634

 
208
 %
Litigation and licensing expenses - patents
8,866

 
18,219

 
(51
)%
Amortization expense
27,120

 
22,154

 
22
 %
Impairment of patent-related intangible assets

28,210

 
2,248

 
*

Other operating costs and expenses(1)
25,452

 
28,419

 
(10
)%
Operating loss
(24,811
)
 
(27,272
)
 
(9
)%
Total other income (expense)
(78,858
)
 
51,911

 
(252
)%
Provision for income taxes
(1,179
)
 
(2,955
)
 
(60
)%
Net (income) loss attributable to noncontrolling interests in subsidiaries
(181
)
 
496

 
(136
)%
Net income (loss) attributable to Acacia Research Corporation
(105,029
)
 
22,180

 
*

    
____________________________________
* Percentage change in excess of 300%
(1) Includes non-cash stock compensation charges (credits) of $(317,000) and $8.9 million in fiscal years 2018 and 2017, respectively, included in general and administrative expense in the consolidated statements of operations.

Overview - Fiscal Year 2018 compared with Fiscal Year 2017

•
Revenues increased $66.1 million, or 101% to $131.5 million, due primarily to an increase in average revenue per agreement. Refer to “Investments in Patent Portfolios” below for additional information regarding the impact of portfolio acquisition trends on current and future licensing and enforcement related revenues.

•
Loss before provision for income taxes was $103.7 million for fiscal year 2018, as compared to income before provision for income taxes of $24.6 million for fiscal year 2017. The net change was primarily comprised of the change in revenues described above, a net $59.1 million unrealized loss on our equity investment in Veritone in fiscal year 2018, as compared to a net $49.5 million gain in fiscal year 2017, and a net increase in operating expenses, as follows:

•
Inventor royalties and contingent legal fees, on a combined basis, increased $45.0 million, or 208%. Contingent legal fees increased $14.8 million, or 89%, as compared to a 101% increase in revenue due to lower average contingent legal fee rates for the portfolios generating revenues in fiscal year 2018. Inventor royalties increased $30.2 million, or 610%, as compared to the 101% increase in revenue, primarily due to lower average inventor royalty rates for the portfolios generating revenues during fiscal year 2017.

•
Litigation and licensing expenses-patents decreased $9.4 million, or 51%, to $8.9 million, due primarily to a net decrease in litigation support and third-party technical consulting expenses associated with ongoing licensing and enforcement programs and an overall decrease in portfolio related enforcement activities. Refer to “Investments in Patent Portfolios” below for additional information regarding the impact of portfolio acquisition trends on licensing and enforcement activities and current and future licensing and enforcement related revenues.

•
Amortization expense increased $5.0 million, or 22%, to $27.1 million, due to accelerated amortization related to patent portfolio sales or dispositions during fiscal year 2018.

•
Impairment of patent-related intangible asset charges increased $26.0 million. Impairment charges reflect the impact of reductions in expected estimated future net cash flows for certain patent portfolios and/or the impairment of certain portfolios that management determined it would no longer allocate resources to in future periods.

•
General and administrative expenses decreased $8.4 million, or 31%, to $18.9 million, due primarily to a decrease in non-cash stock compensation, a reduction in personnel costs in fiscal years 2018 and 2017, and a decrease in variable performance based compensation costs.

21





Excluding profits interests related non-cash stock compensation, non-cash stock compensation expense decreased $3.7 million, or 64% due primarily to 2017 non-cash stock compensation expense including amounts related to the August 2016 grant of options with market-based vesting conditions which were fully expensed in fiscal year 2017. Profits interests related non-cash stock compensation expense decreased $5.5 million, primarily due to the decrease in the fair value of our Veritone related profits interest units, consistent with the decrease in underlying Veritone stock price since December 31, 2017.

•
Other income (expense) for fiscal year 2018 included an unrealized loss on our investment in Veritone totaling $59.1 million and a realized loss on the sale of Veritone totaling $19.1 million . Other income (expense) for fiscal year 2017 comprised of an unrealized gain on conversion of our Veritone loans to equity of $2.7 million and an unrealized gain on the exercise of our Primary Warrant of $4.6 million, both as of May 2017, and an unrealized gain related to the change in fair value of our equity investment in Veritone through December 31, 2017 of $42.2 million.

•
Tax expense for fiscal years 2018 and 2017 primarily reflects the impact of state taxes and foreign withholding taxes incurred on revenue agreements executed with third-party licensees domiciled in foreign jurisdictions.

Revenues for the periods presented included fees from the following licensing and enforcement programs:
•
Bone Wedge technology(1)(2)
 
•
Semiconductor Testing technology(1)
•
Cardiology and Vascular Device technology(1)(2)
 
•
Semiconductor and Memory-Related technology(2)
•
DisplayPort and MIPI DSI technology(2)
 
•
Shared Memory for Multimedia Processing(2)
•
Electronic Access Control technology(2)
 
•
Speech codes used in wireless and wireline systems technology(1)(2)
•
Innovative Display technology(2)
 
•
Super Resolutions Microscopy technology(1)(2)
•
Online Auction Guarantee technology(1)(2)
 
•
Video Conferencing technology(1)(2)
•
Optical Networking technology(2)
 
•
Wireless Infrastructure and User Equipment technology(1)(2)
______________________________________
(1) 
Licensing and enforcement program generating revenue in fiscal year 2018.
(2) 
Licensing and enforcement program generating revenue in fiscal year 2017.

Revenues from one or more of our patents or patent portfolios may be significant in a specific reporting period, and may be significant to our licensing and enforcement business as a whole.

Patent Licensing and Enforcement

Patent Litigation Trial Dates and Related Trials. As of the date of this report, our operating subsidiaries have two pending patent infringement cases with a scheduled trial date in the next twelve months. Patent infringement trials are components of our overall patent licensing process and are one of many factors that contribute to possible future revenue generating opportunities for us. Scheduled trial dates, as promulgated by the respective court, merely provide an indication of when, in future periods, the trials may occur according to the court’s scheduling calendar at a specific point in time. A court may change previously scheduled trial dates. In fact, courts often reschedule trial dates for various reasons that are unrelated to the underlying patent assets and typically for reasons that are beyond our control. While scheduled trial dates provide an indication of the timing of possible future revenue generating opportunities for us, the trials themselves and the immediately preceding periods represent the possible future revenue generating opportunities. These future opportunities can result in varying outcomes. In fact, it is difficult to predict the outcome of patent enforcement litigation at the trial level and outcomes can be unfavorable. It can be difficult to understand complex patented technologies, and as a result, this may lead to a higher rate of unfavorable litigation outcomes. Moreover, in the event of a favorable outcome, there is, in our experience, a higher rate of successful appeals in patent enforcement litigation than more standard business litigation. Such appeals are expensive and time consuming, resulting in increased costs and a potential for delayed or foregone revenue opportunities in the event of modification or reversal of favorable outcomes. Although we diligently pursue enforcement litigation, we cannot predict with reliability the decisions made by juries and trial courts.  Please refer to Item 1A. “Risk Factors” for additional information regarding trials, patent litigation and related risks.

Litigation and Licensing Expense. We expect patent-related legal expenses to continue to fluctuate from period to period based on the factors summarized herein, in connection with future trial dates, international enforcement, strategic patent

22




portfolio prosecution and our current and future patent portfolio investment, prosecution, licensing and enforcement activities. The pursuit of enforcement actions in connection with our licensing and enforcement programs can involve certain risks and uncertainties, including the following:

•
Increases in patent-related legal expenses associated with patent infringement litigation, including, but not limited to, increases in costs billed by outside legal counsel for discovery, depositions, economic analyses, damages assessments, expert witnesses and other consultants, re-exam and inter partes review costs, case-related audio/video presentations and other litigation support and administrative costs could increase our operating costs and decrease our profit generating opportunities;

•
Our patented technologies and enforcement actions are complex and, as a result, we may be required to appeal adverse decisions by trial courts in order to successfully enforce our patents. Moreover, such appeals may not be successful;

•
New legislation, regulations or rules related to enforcement actions, including any fee or cost shifting provisions, could significantly increase our operating costs and decrease our profit generating opportunities. Increased focus on the growing number of patent-related lawsuits may result in legislative changes which increase our costs and related risks of asserting patent enforcement actions. For instance, the United States House of Representatives passed a bill that would require non-practicing entities that bring patent infringement lawsuits to pay legal costs of the defendants, if the lawsuits are unsuccessful and certain standards are not met;

•
Courts may rule that our subsidiaries have violated certain statutory, regulatory, federal, local or governing rules or standards by pursuing such enforcement actions, which may expose us and our operating subsidiaries to material liabilities, which could harm our operating results and our financial position;

•
The complexity of negotiations and potential magnitude of exposure for potential infringers associated with higher quality patent portfolios may lead to increased intervals of time between the filing of litigation and potential revenue events (i.e. markman dates, trial dates), which may lead to increased legal expenses, consistent with the higher revenue potential of such portfolios; and

•
Fluctuations in overall patent portfolio related enforcement activities which are impacted by the portfolio intake challenges discussed above could harm our operating results and our financial position.

Investments in Patent Portfolios

One of the significant challenges in our industry continues to be quality patent intake due to the challenges and complexity associated with the current patent environment. In fiscal year 2018 we did not acquire any patent portfolios, compared to one portfolio during fiscal year 2017.
 
With respect to our licensing, enforcement and overall business, neither we nor our operating subsidiaries invent new technologies or products; rather, we depend upon the identification and investment in patents, inventions and companies that own intellectual property through our relationships with inventors, universities, research institutions, technology companies and others. If our operating subsidiaries are unable to maintain those relationships and identify and grow new relationships, then we may not be able to identify new technology-based patent opportunities for sustainable revenue and /or revenue growth.
 
Our current or future relationships may not provide the volume or quality of technologies necessary to sustain our licensing, enforcement and overall business. In some cases, universities and other technology sources compete against us as they seek to develop and commercialize technologies. Universities may receive financing for basic research in exchange for the exclusive right to commercialize resulting inventions. These and other strategies employed by potential partners may reduce the number of technology sources and potential clients to whom we can market our solutions. If we are unable to maintain current relationships and sources of technology or to secure new relationships and sources of technology, such inability may have a material adverse effect on our revenues, operating results, financial condition and ability to maintain our licensing and enforcement business.

Critical Accounting Policies

Our consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. In preparing these financial statements, we make assumptions, judgments and estimates that can have a significant impact on amounts reported in our consolidated financial statements. We base our assumptions, judgments and

23




estimates on historical experience and various other factors that we believe to be reasonable under the circumstances. Actual results could differ materially from these estimates under different assumptions or conditions. On a regular basis, we evaluate our assumptions, judgments and estimates and make changes accordingly.

We believe that, of the significant accounting policies discussed in Note 2 to our notes to consolidated financial statements, the following accounting policies require our most difficult, subjective or complex judgments:

•
revenue recognition;
•
stock-based compensation expense, including valuation of profits interests;
•
valuation of long-lived and intangible assets including goodwill;
•
valuation of investments; and
•
accounting for income taxes.

We discuss below the critical accounting assumptions, judgments and estimates associated with these policies. Historically, our assumptions, judgments and estimates relative to our critical accounting policies have not differed materially from actual results. For further information on our critical accounting policies, refer to Note 2 to the notes to consolidated financial statements included herein.

Revenue Recognition

As described below, significant management judgment must be made and used in connection with the revenue recognized in any accounting period. Material differences may result in the amount and timing of revenue recognized or deferred for any period, if management made different judgments.

 Revenue is recognized upon transfer of control of promised bundled IP rights and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue recognition criteria have been met.

For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, which provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales"). IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract.

Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.
 
For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not

24




occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available.

Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.
 
In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.

For fiscal years 2018 and 2017, the majority of our revenue agreements provided for the payment to us of one-time, paid-up license fees in consideration for the grant of certain IP rights for patented technology rights owned by our operating subsidiaries. These rights were primarily granted on a perpetual basis, extending until the expiration of the underlying patents. Pursuant to the terms of these agreements, our operating subsidiaries have no further obligation with respect to the grant of the non-exclusive licenses, covenants-not-to-sue, releases, and other deliverables, including no express or implied obligation on our operating subsidiaries’ part to maintain or upgrade the technology, or provide future support or services. The agreements provided for the grant of the licenses, covenants-not-to-sue, releases, and other significant contractual performance obligations upon execution of the agreement. As such, the earnings process was determined to be complete and revenue was recognized upon the execution of the agreements. Historically, term license agreements have not been a material component of our operating revenues, with the majority of license agreements being paid-up, perpetual license agreements.

Stock-based Compensation Expense

Equity Based Awards. Stock-based compensation payments to employees and non-employee directors are recognized as expense in the statements of operations. The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award (determined using a Black-Scholes option pricing model for stock options and intrinsic value on the date of grant for nonvested restricted stock), and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity award). Determining the fair value of stock-based awards at the grant date requires significant estimates and judgments, including estimating the market price volatility of our common stock, future employee stock option exercise behavior and requisite service periods.
 
The Financial Accounting Standards Board issued a new standard, effective January 1, 2017, that changes the accounting for certain aspects of share-based payments to employees, including allowing an employer to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current generally accepted
accounting principles in the United States, or GAAP) or account for forfeitures when they occur. Effective January 1, 2017, we elected to account for forfeitures of awards as they occur. The prior standard required us to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest. The adoption of this standard did not have a material impact on our consolidated financial statements.

During the year ended December 31, 2016, the Company granted stock options with market-based vesting conditions. The options with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market-based vesting condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique.


25




Profits Interests Units. In February 2017, AIP Operation LLC, or AIP, an indirect subsidiary of ours, adopted a Profits Interests Plan, or the Profits Interests Plan, that provides for the grant of AIP membership interests in the form of profits interests to certain members of management and the Board of Directors of Acacia Research Corporation as compensation for services rendered. As of December 31, 2018 and 2017, AIP held the Veritone 10% Warrant described in Note 6.

For the year ended December 31, 2018, the fair value of the Units was estimated at 40% of the fair value of the 10% Warrant, based on the Black-Scholes option-pricing model (Level 2). For the year ended December 31, 2017, the fair value of the Units was estimated based on probable vesting dates and values for the applicable instruments (i.e. common stock and warrants related to Acacia’s Veritone investment described at Note 6) underlying or associated with the Units (Level 3).

Valuation of Long-lived and Intangible Assets

Patent Portfolio Impairment Testing. We review long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows.

For the fiscal year ended December 31, 2018 and 2017, we recorded $28.2 million and $2.2 million, respectively of patent portfolio impairment charges. The impairment charges were recorded in the periods due to adverse litigation outcomes, a reduction in expected estimated future net cash flows and certain patent portfolios that management determined it would no longer allocate future resources to in connection with the licensing and enforcement of such portfolios. The impairment charges consisted of the excess of the asset’s carrying value over its estimated fair value as of the applicable measurement date. Estimated fair value was determined based on estimates of future cash flows and estimates of probabilities of realization given adverse litigation outcomes and resource allocation decisions.

Investments

Investment in Veritone. We have elected to account for equity investments in companies with readily determinable fair values, where our investment gives us the ability to exercise significant influence over the operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants). Refer to Note 6 for information regarding our investment in Veritone.

Determination of whether we possess the ability to exercise significant influence requires significant judgment, including consideration of the extent to which our voting interests, board representation, financial arrangements and other factors provide us with the ability to exercise significant influence with respect to an investee. A change in facts or judgments resulting in the determination that control exists would result in consolidation of the investment and recognition of related revenues and expenses with a corresponding non-controlling interest.

U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value includes: Level 1 - Observable Inputs; Level 2 - Pricing Models with Significant Observable Inputs; and Level 3 - Unobservable Inputs. Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information.
 
Whenever possible, we are required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. Our Veritone common stock is reported at fair value, based on the applicable NASDAQ Global Select Market stock price as of the applicable valuation date, as adjusted for an estimated DLOM (2017 only) associated with the restricted nature of the common stock acquired (Level 3 input). Acacia’s investment in Veritone warrants is recorded at fair value, based on the Black-Scholes option-pricing model, as adjusted for an estimated DLOM (2017 only). A one percent increase in the DLOM assumptions utilized at December 31, 2017 would result in a $1.1million decrease in the fair value of our investment in Veritone at December 31, 2017, and a corresponding decrease in the net unrealized investment gain reflected in the consolidated statements of operations for the year ended December 31, 2017.


26




Investment in Miso Robotics. In June 2017, we made an investment in the Series A Preferred financing round for Miso Robotics, an innovative leader in robotics and AI solutions, totaling $2,250,000, acquiring a 22.6% ownership interest in Series A preferred stock of Miso Robotics, and one board seat. In February 2018, we made an additional equity investment in the Series B Preferred financing round for Miso Robotics totaling $6,000,000, increasing our ownership interest (Series B preferred stock) in Miso Robotics to approximately 30%, and acquiring an additional board seat. As of February 2018, the preferred stock was not deemed to be in-substance common stock due to the substantive liquidation preference associated with the preferred stock. As such, as of February 2018, our investment in Miso Robotics is recorded at cost and assessed for any impairment at each balance sheet date. Prior to February 2018, the equity method of accounting was applied.

Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which we have the ability to exercise significant influence, are accounted for using the equity method of accounting. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, are not substantially similar to the common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses. Investments in preferred stock with substantive liquidation preferences, and therefore not deemed to be in-substance common stock, are accounted for at cost (subject to impairment considerations, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer.

Determination of whether an equity investment is in-substance common stock requires significant judgment, including an estimation of the fair value of the equity investments in relation to the fair value of subordinated equity of the investee, if any. A change in estimates or judgments resulting in the determination that an equity investment is or is not in-substance common stock would result in the application of either the equity method of accounting, or the cost method of accounting to the investment.
 
The fair value of subordinated equity (i.e., common stock) and preferred stock for purposes of determining whether a liquidation preference is substantive was determined utilizing an option pricing methodology, including a discount for lack of marketability. A one percent change in the DLOM assumptions utilized to estimate the fair value of common stock would not have a material impact on the analysis.

We review investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, we consider available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. We also consider specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established. If market, industry, and/or investee conditions deteriorate, we may incur future impairments.

Accounting for Income Taxes

As part of the process of preparing our consolidated financial statements, we are required to estimate our income taxes in each of the jurisdictions in which we operate. This process involves the estimating of our actual current tax exposure together with assessing temporary differences resulting from differing treatment of items. These differences result in deferred tax assets and liabilities, which are included within our consolidated balance sheets. We must then assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe that recovery is not likely, we must establish a valuation allowance. To the extent we establish a valuation allowance or increase this allowance in a period, we must include an expense within the tax provision in the consolidated statements of operations.     

Significant management judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and our valuation allowance. Due to uncertainties related to our ability to utilize certain deferred tax assets in future periods, we have recorded a full valuation allowance against our net deferred tax assets as of December 31, 2018 and 2017. These assets primarily consist of foreign tax credits, capital loss carryforwards and net operating loss carryforwards.

In assessing the need for a valuation allowance, management has considered both the positive and negative evidence available, including but not limited to, estimates of future taxable income and related probabilities, estimates surrounding the

27




character of future income and the timing of realization, consideration of the period over which our deferred tax assets may be recoverable, our recent history of net income and prior history of losses, projected future outcomes, industry and market trends and the nature of existing deferred tax assets. In management’s estimate, any positive indicators, including forecasts of potential future profitability of our businesses, are outweighed by the uncertainties surrounding our estimates and judgments of potential future taxable income, primarily due to uncertainties surrounding the timing of realization of future taxable income and the character of such income in particular future periods (i.e. foreign or domestic). In the event that actual results differ from these estimates or we adjust these estimates should we believe we would be able to realize these deferred tax assets in the future, an adjustment to the valuation allowance would increase income in the period such determination was made.

In fiscal years 2018 and 2017, based on management’s assessment, a full valuation allowance was recorded against the company’s net deferred tax assets generated during the periods and the balances as of the end of each of the periods, due to uncertainty regarding future realization of such tax assets pursuant to guidance set forth in ASC 740, “Income Taxes.” In future periods, if we determine that the company will more likely than not be able to realize certain of these amounts, the applicable portion of the benefit from the release of the valuation allowance will generally be recognized in the statements of operations in the period the determination is recorded.

Any changes in the judgments, assumptions and estimates associated with our analysis of the need for a valuation allowance in any future periods could materially impact our financial position and results of operations in the periods in which those determinations are made.

Consolidated Results of Operations
Comparison of the Results of Operations for Fiscal Years 2018 and 2017

Revenues
 
 
 
 
 
 
2018 vs. 2017
 
 
2018
 
2017
 
$ Change
 
% Change
 
 
(in thousands, except percentage change values and number of agreements)
Revenues
 
$
131,506

 
$
65,402

 
$
66,104

 
101
%
New revenue agreements executed
 
12

 
20

 
 
 
 
Average revenue per agreement
 
$
10,959

 
$
3,270

 
 
 
 

A reconciliation of the change in revenues (based on average revenue per agreement) for the periods presented, in relation to the revenues reported for the comparable prior year period, is as follows:
 
 
2018 vs. 2017
 
 
(in thousands)
Decrease in number of agreements executed
 
$
(26,160
)
Increase in average revenue per agreement executed
 
92,267

Total
 
$
66,107


Three licensees individually accounted for 45%, 17% and 17%, respectively, of revenues recognized during the year ended December 31, 2018. Three licensees individually accounted for 54%, 21% and 10%, respectively, of revenues recognized during the year ended December 31, 2017.

For the periods presented herein, the majority of the revenue agreements executed provided for the payment of one-time, paid-up license fees in consideration for the grant of certain IP rights for patented technology rights owned by our operating subsidiaries. These rights were primarily granted on a perpetual basis, extending until the expiration of the underlying patents. Refer to “Investments in Patent Portfolios” above for information regarding the impact of portfolio acquisition trends on current and future licensing and enforcement related revenues.







28




Net Income (Loss)
 
 
 
 
 
 
2018 vs. 2017
 
 
2018
 
2017
 
$ Change
 
% Change
 
 
(in thousands, except percentages)
Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

 
$
(127,209
)
 
(574
)%

A reconciliation of the change in net income (loss) for the periods presented is as follows:
 
2018 vs. 2017
 
%
 
(in thousands, except percentage values)
Increase in revenues
$
66,104

 
(52
)%
Increase in inventor royalties and contingent legal fees combined
(45,035
)
 
35
 %
Decrease in general and administrative expenses
8,369

 
(7
)%
Decrease in litigation and licensing expenses
9,353

 
(7
)%
Increase in patent amortization expenses
(4,966
)
 
4
 %
Increase in impairment of patent-related intangible assets
(25,962
)
 
20
 %
Change in provision for income taxes
1,776

 
(1
)%
Unrealized gain (loss) and change in fair value of investment
(108,629
)
 
85
 %
Loss on sale of investment
(19,095
)
 
15
 %
Other
(9,124
)
 
8
 %
Net change in net income (loss)
$
(127,209
)
 
100
 %

Cost of Revenues
 
 
 
 
 
2018 vs. 2017
 
2018
 
2017
 
$ Change
 
% Change
 
(in thousands, except percentages)
Inventor royalties
$
35,168

 
$
4,952

 
$
30,216

 
610
 %
Contingent legal fees
31,501

 
16,682

 
14,819

 
89
 %
Patent acquisition expenses
4,000

 
—

 
4,000

 
—
 %
Litigation and licensing expenses - patents
8,866

 
18,219

 
(9,353
)
 
(51
)%
Amortization of patents
27,120

 
22,154

 
4,966

 
22
 %

Inventor Royalties, Contingent Legal Fees Expense and Other Patent Acquisition Costs.  The economic terms of patent portfolio related partnering agreements and contingent legal fee arrangements, if any, including royalty obligations, if any, royalty rates, contingent fee rates and other terms and conditions, vary across the patent portfolios owned or controlled by our operating subsidiaries. In certain instances, we have invested in certain patent portfolios without future inventor royalty obligations. These costs fluctuate period to period, based on the amount of revenues recognized each period, the terms and conditions of revenue agreements executed each period and the mix of specific patent portfolios with varying economic terms, conditions and obligations generating revenues each period. Fiscal year 2018 included $4.0 million in other direct costs of revenues related to patent rights acquired and licensed in 2018.

Litigation and Licensing Expenses - Patents.  Litigation and licensing expenses-patents include patent-related litigation, enforcement and prosecution costs incurred by external patent attorneys engaged on an hourly basis and the out-of-pocket expenses incurred by law firms engaged on a contingent fee basis. Litigation and licensing expenses-patents also includes third-party patent research, development, prosecution, re-exam and inter partes reviews, consulting, and other costs incurred in connection with the licensing and enforcement of patent portfolios.

Litigation and licensing expenses-patents decreased for the periods presented due to a net decrease in litigation support, patent prosecution and litigation expenses associated with ongoing licensing and enforcement programs and an overall decrease in portfolio related enforcement activities. We expect patent-related legal expenses to continue to decrease based upon

29




the overall decrease in portfolio related enforcement activities as we continue monetizing our existing patent assets. Refer to “Investments in Patent Portfolios” above for additional information regarding the impact of portfolio acquisition trends on licensing and enforcement activities and current and future licensing and enforcement related revenues.

Amortization of Patents.  The change in amortization expense for the comparable periods presented was due to the following:
 
2018 vs. 2017
 
(in thousands)
Scheduled amortization related to patent portfolios owned or controlled as of the end of the prior year
$
(3,341
)
Patent portfolio sales and dispositions
8,307

Total change in patent amortization expense
$
4,966


Impairment Charges
 
 
 
 
 
2018 vs. 2017
 
2018
 
2017
 
$ Change
 
% Change
 
(in thousands, except percentages)
Impairment of patent-related intangible assets
$
28,210

 
$
2,248

 
$
25,962

 
1,155
%

Patent Impairment Charges

Impairment charges for fiscal year 2018 and 2017 primarily reflect reductions in expected estimated future net cash flows for certain patent portfolios to which management determined it would no longer allocate resources in future. periods.Impairment charges consisted of the excess of the asset’s carrying value over its estimated fair value as of the applicable measurement date.
    
Operating Expenses
 
 
 
 
 
 
2018 vs. 2017
 
 
2018
 
2017
 
$ Change
 
% Change
 
 
(in thousands, except percentages)
General and administrative
 
$
19,167

 
$
18,334

 
$
833

 
5
 %
Non-cash stock compensation expense - G&A
 
2,133

 
5,844

 
(3,711
)
 
(64
)%
Non-cash stock compensation expense - Veritone Profits Interests
 
(2,450
)
 
3,041

 
(5,491
)
 
(181
)%
Total general and administrative expenses
 
$
18,850

 
$
27,219

 
$
(8,369
)
 
(31
)%
 
General and Administrative Expenses.  General and administrative expenses include employee compensation and related personnel costs, including variable performance based compensation and non-cash stock compensation expenses, office and facilities costs, legal and accounting professional fees, public relations, marketing, stock administration, business development, state taxes based on gross receipts and other corporate costs. A summary of the main drivers of the change in

30




general and administrative expenses for the periods presented is as follows (in thousands):
 
2018 vs. 2017
 
(in thousands)
Net change in personnel costs
$
(1,102
)
Variable performance-based compensation expense
(278
)
Corporate, general and administrative expense
2,194

Business development expense
(412
)
Non-cash stock compensation expense - general and administrative (1)
(3,711
)
Non-cash stock compensation expense - Veritone related profits interests (1)
(5,491
)
Employee severance costs
431

Total change in general and administrative expenses
$
(8,369
)
_________________________________________________________________
(1) - Refer to Note 9 in the accompany consolidated financial statements

General and administrative non-cash stock compensation expense for fiscal year 2018, excluding profits interests related non-cash compensation, decreased due to reductions in headcount and a $2.4 million reduction in scheduled non-cash stock compensation expense related to options with market-based performance conditions with graded vesting features that resulted in higher non-cash stock compensation expense in fiscal year 2017, as compared to fiscal year 2018.

Profits interests are classified as liability awards, which are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense (included in “non-cash stock compensation expense - Veritone related profits interests” above) is adjusted each reporting period for increases or decreases in the estimated fair value, which is primarily impacted by changes in the fair value of the underlying Veritone common stock and warrants related to the liability. Upon vesting of the units, which occurred in September 2017, any previously unrecognized compensation expense was immediately recognized for any changes in fair value. The fair value of the Veritone related profits interests Units totaled $591,000 and $3.0 million as of December 31, 2018 and 2017, respectively. Refer to Note 9 in the condensed consolidated financial statements elsewhere herein for additional information.

Other Operating Income (Expense)

Change in Fair Value of Investment, net. Our equity investment in Veritone is recorded at fair value, and therefore, is marked to market at each balance sheet date. Results for fiscal year 2018 included a net unrealized loss on our equity investment in Veritone totaling $59.1 million and a realized loss of $19.1 million on the sale of 2,700,000 shares of Veritone common stock at a weighted average price of $7.07. Results for fiscal year 2017 included a net unrealized gain on our equity investment in Veritone totaling $49.5 million, comprised of an unrealized gain on conversion of our Veritone loans to equity of $2.7 million and an unrealized gain on the exercise of our Primary Warrant of $4.6 million, both as of May 2017, and an unrealized gain related to the change in fair value of our equity investment in Veritone through December 31, 2017 of $42.2 million.

Other. Fiscal year 2018 and 2017 operating expenses included expenses for court ordered attorney fees and settlement and contingency accruals totaling $2.6 million and $1.2 million, respectively.

Income Taxes
 
2018
 
2017
Provision for income taxes (in thousands)
$
(1,179
)
 
$
(2,955
)
Effective tax rate
1
%
 
12
%
    
Our effective tax rates for fiscal year 2018 and 2017, were primarily comprised of foreign taxes withheld on revenue agreements with licensees in foreign jurisdictions, state taxes, and the impact of full valuation allowances recorded for net operating loss (2018 and 2017) and foreign tax credit related tax assets generated in those periods due to uncertainty regarding future realization. Foreign taxes withheld related to revenue agreements executed with third-party licensees domiciled in certain foreign jurisdictions for fiscal year 2018 and 2017 totaled $1.1 million and $2.9 million, respectively. Results for fiscal year 2017 included an unrealized gain on our equity investment in Veritone which created a deferred tax liability totaling approximately $10.6 million. The future anticipated reversal of this deferred tax liability provides for a source of taxable

31




income that allows for the realizability of existing deferred tax assets that have been reduced by a valuation allowance for the periods presented. The effective tax rate reflects both the recognition of the deferred tax liability and the reversal of valuation allowance.

Inflation

Inflation has not had a significant impact on us or any of our subsidiaries in the current or prior periods.

Liquidity and Capital Resources

General
 
Our primary sources of liquidity are cash and cash equivalents on hand generated from our operating activities. Our management believes that our cash and cash equivalent balances and anticipated cash flows from operations will be sufficient to meet our cash requirements through at least March 2020 and for the foreseeable future. We may, however, encounter unforeseen difficulties that may deplete our capital resources more rapidly than anticipated, including those set forth under Item 1A, “Risk Factors”, above. Any efforts to seek additional funding could be made through issuances of equity or debt, or other external financing.  However, additional funding may not be available on favorable terms, or at all. The capital and credit markets have experienced extreme volatility and disruption in recent years, and the volatility and impact of the disruption may continue. At times during this period, the volatility and disruption has reached unprecedented levels. In several cases, the markets have exerted downward pressure on stock prices and credit capacity for certain issuers, and the commercial paper markets may not be a reliable source of short-term financing for us. If we fail to obtain additional financing when needed, we may not be able to execute our business plans and our business, conducted by our operating subsidiaries, may suffer.

Certain of our operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of our operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions.  In such event, a court may issue monetary sanctions against us or our operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material.
 
Cash, Cash Equivalents and Investments

Our consolidated cash and cash equivalents and short-term investments totaled $165.5 million at December 31, 2018, compared to $136.6 million at December 31, 2017. The net change in cash and cash equivalents for the periods presented was comprised of the following (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Net cash provided by (used in):
 
 
 
 
Operating activities
 
$
20,877

 
$
12,966

Investing activities
 
(24,066
)
 
(16,114
)
Financing activities
 
(4,606
)
 
700

 
 
$
(7,795
)
 
$
(2,448
)
         
Cash Flows from Operating Activities.  Cash receipts from licensees totaled $103.4 million and $91.2 million in fiscal years 2018 and 2017, respectively. The fluctuations in cash receipts for the periods presented primarily reflects the corresponding fluctuations in revenues recognized during the same periods, as described above, and the related timing of payments received from licensees. Cash outflows from operations totaled $82.5 million and $66.8 million in fiscal years 2018 and 2017, respectively. The fluctuations in cash outflows for the periods presented reflects the fluctuations in revenue-related inventor royalties and contingent legal fees and other operating costs and expenses during the same periods, as discussed above, and the impact of the timing of payments to inventors, attorneys and other vendors.


32




Cash Flows from Investing Activities. Cash flows from investing activities and related changes were comprised of the following for the periods presented (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Investment in Investees(1)
 
$
(7,000
)
 
$
(31,514
)
Sale of investment(1)
 
19,097

 
—

Advances to Investee(1)
 
—

 
(4,000
)
Purchases of property and equipment
 
(34
)
 
(2
)
Net sale (purchase) of available-for-sale investments
 
(36,129
)
 
19,402

Net cash used in investing activities
 
$
(24,066
)
 
$
(16,114
)
(1) - Refer to Note 6 in the accompany consolidated financial statements
 
 
 
 
Investment in Veritone. In connection with its previous investment agreement with Veritone in August 2016, in fiscal year 2017 Acacia entered into an additional secured convertible promissory note with Veritone and advanced $4.0 million. In addition, upon the consummation of Veritone’s IPO, Acacia exercised its option to purchase an additional 2,150,335 shares of Veritone common stock, at an aggregate purchase price of $29.3 million. Acacia received an aggregate total of 4,119,521 shares of common stock and 1,120,432 warrants of Veritone. In fiscal year 2018, Acacia sold 2,700,000 shares of Veritone common stock at a weighted average price of $7.07 and recorded a realized loss of $19.1 million on the sale. Refer to Note 6 to the consolidated financial statements elsewhere herein for additional information regarding our investment with Veritone.
Investment in Miso Robotics. In June 2017, Acacia made a $2.25 million equity investment in Miso Robotics, as part of Miso Robotics’ closing of $3.1 million in Series A funding. In February 2018, we made an additional strategic equity investment totaling $6.0 million in the Series B financing round for Miso Robotics. Refer to Note 6 to the consolidated financial statements elsewhere herein for additional information regarding our investment in Miso.

Cash Flows from Financing Activities. Cash flows from financing activities and related changes included the following for the periods presented (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Repurchase of common stock
 
$
(4,634
)
 
$
—

Proceeds from the exercise of stock options
 
257

 
745

Repurchases of common stock
 
(229
)
 
(45
)
Net cash provided by financing activities
 
$
(4,606
)
 
$
700


Stock Repurchase Program. In February 2018, our Board of Directors authorized the Program to repurchase up to $20 million of our outstanding common stock in open market purchases or private purchases, from time to time, in amounts and at prices to be determined by the Board of Directors at its discretion. In determining whether or not to repurchase any shares of our common stock, our Board of Directors will consider such factors as the impact of the repurchase on our cash position, as well as our capital needs and whether there is a better alternative use of our capital. We have no obligation to repurchase any amount of our common stock under the Program. In fiscal year 2018, we repurchased 1,190,420 shares at an average price of $3.89 for $4,634,000. The Program expired on February 28, 2019.

Working Capital

The primary components of working capital are cash and cash equivalents, short-term investments, accounts receivable, prepaid expenses, accounts payable, accrued expenses, and royalties and contingent legal fees payable. Working capital at December 31, 2018 was $170.4 million, compared to $130.1 million at December 31, 2017.  
 
Consolidated accounts receivable from licensees increased to $32.9 million at December 31, 2018, compared to $153,000 at December 31, 2017. Accounts receivable balances fluctuate based on the timing, magnitude and payment terms associated with revenue agreements executed during the year, and the timing of cash receipts on accounts receivable balances recorded in previous periods. Four licensees individually represented approximately 38%, 36%, 12% and 11%, respectively, of accounts receivable at December 31, 2018. One licensee accounted for 100% of accounts receivable at December 31, 2017.

Accounts payable and accrued expenses increased slightly to $8.3 million at December 31, 2018, from $8.0 million at December 31, 2017.

33





Consolidated royalties and contingent legal fees payable increased to $22.7 million at December 31, 2018, compared to $1.6 million at December 31, 2017. Royalties and contingent legal fees payable balances fluctuate based on the magnitude and timing of the execution of related license agreements, the timing of cash receipts for the related license agreements, and the timing of payment of current and prior period royalties and contingent legal fees payable to inventor and outside attorneys, respectively.

All of accounts receivable from licensees at December 31, 2018 are scheduled to be collected in the first and second quarter of 2019, in accordance with the terms of the related underlying license agreements. The majority of royalties and contingent legal fees payable are scheduled to be paid through the third quarter of 2019 in accordance with the underlying contractual arrangements.

Off-Balance Sheet Arrangements

We have not entered into off-balance sheet financing arrangements, other than operating leases.

Uncertain Tax Positions. At December 31, 2018, we had total unrecognized tax benefits of approximately $808,000 million, including a recorded noncurrent liability of $85,000 related to unrecognized tax benefits primarily associated with state taxes. No interest and penalties have been recorded for the unrecognized tax benefits as of December 31, 2018. If recognized, approximately $1.4 million would impact our effective tax rate. We do not expect that the liability for unrecognized tax benefits will change significantly within the next 12 months.

Recent Accounting Pronouncements

Refer to Note 2 to our notes to consolidated financial statements included elsewhere herein.


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The primary objective of our short-term investment activities is to preserve principal while concurrently maximizing the income we receive from our short-term investments without significantly increasing risk. Some of the securities that we invest in may be subject to interest rate risk and/or market risk. This means that a change in prevailing interest rates, with respect to interest rate risk, or a change in the value of the United States equity markets, with respect to market risk, may cause the principal amount or market value of the short-term investments to fluctuate. For example, if we hold a security that was issued with a fixed interest rate at the then-prevailing rate and the prevailing interest rate later rises, the current value of the principal amount of our investment may decline. To minimize these risks in the future, we intend to maintain our portfolio of cash equivalents and short-term investments in a variety of securities, including commercial paper, money market funds, high-grade corporate bonds, government and non-government debt securities and certificates of deposit.

At December 31, 2018, our short-term investments were comprised of AAA rated money market funds that invest in first-tier only securities, which primarily include domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements (included in cash and cash equivalents in the accompanying consolidated balance sheets), and direct investments in short term, highly liquid, investment grade, U.S. government and corporate securities (included in short-term investments in the accompanying consolidated balance sheets). Short-term investment balances were zero at December 31, 2017.

In general, money market funds are not subject to market risk because the interest paid on such funds fluctuates with the prevailing interest rate. Accordingly, a 100 basis point increase in interest rates or a 10% decline in the value of the United States equity markets would not be expected to have a material impact on the value of such money market funds. Investments in U.S. government fixed income securities are subject to interest rate risk and will decline in value if interest rates increase. However, due to the relatively short duration of our short-term investment portfolio, an immediate 10% change in interest rates would have no material impact on our financial condition, results of operations or cash flows. Declines in interest rates over time will, however, reduce our interest income.

Investment Risk. We are exposed to investment risks related to changes in the underlying financial condition of certain of our equity investments in these technology companies. The fair value of these investments can be significantly impacted by the risk of adverse changes in securities markets generally, as well as risks related to the performance of the companies whose securities we have invested in, risks associated with specific industries, and other factors. These investments are subject to significant fluctuations in fair value due to the volatility of the securities markets and of the underlying businesses. As of

34




December 31, 2018 and 2017, the carrying value of our common stock and warrants in public and private companies was $18.7 million and $107.0 million, respectively. We record our common stock and warrant investments in publicly traded companies at fair value, which is subject to market price volatility, and represents $10.5 million and $104.8 million of our assets as of December 31, 2018 and 2017, respectively. As of December 31, 2018, a hypothetical 10% adverse change in the market price of Veritone's publicly traded common stock would have resulted in a decrease of approximately $540,000 in the fair value of our equity and equity warrant investments in Veritone and a decrease of approximately $301,000 in our other equity investments. As of December 31, 2017, a hypothetical 10% adverse change in the market price of Veritone's publicly traded common stock would have resulted in a decrease of approximately $11.1 million in the fair value of our equity and equity warrant investments in Veritone. We evaluate our equity and equity warrant investments in private companies for impairment when events and circumstances indicate that the decline in fair value of such assets below the carrying value is other-than temporary. Our analysis includes a review of recent operating results and trends, recent sales/acquisitions of the investee securities, and other publicly available data. The current global economic climate provides additional uncertainty. Valuations of private companies are inherently more complex due to the lack of readily available market data. As such, we believe that market sensitivities are not practicable for our private company equity investments.


ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial statements and related financial information required to be filed hereunder are indexed under Item 15 of this report and are incorporated herein by reference.


ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.


ITEM 9A. CONTROLS AND PROCEDURES


(a) Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures
 
Under the supervision and with the participation of our management, including our Chief Intellectual Property Officer and Corporate Controller, we conducted an evaluation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our Chief Intellectual Property Officer and Corporate Controller concluded that, as of December 31, 2018, our disclosure controls and procedures were effective to ensure that the information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Intellectual Property Officer and Corporate Controller, as appropriate to allow timely decisions regarding required disclosure, and that such information is recorded, processed, summarized and reported within the time periods prescribed by the SEC. 

(b) Management’s Report on Internal Control Over Financial Reporting  
 
Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Under the supervision and with the participation of our management, including our Chief Intellectual Property Officer and Corporate Controller, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the 2013 framework in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our evaluation under the framework in Internal Control - Integrated Framework, our management concluded that our internal control over financial reporting was effective as of December 31, 2018.
 
Grant Thornton LLP, the independent registered public accounting firm who audited our consolidated financial statements included in this Annual Report on Form 10-K, has issued an attestation report on the effectiveness of our internal control over financial reporting as of December 31, 2018, which is included herein.
 
Changes in Internal Controls. There were no changes in our internal control over financial reporting during the fourth fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

35





Inherent Limitations on Effectiveness of Controls. Our management, including our Chief Intellectual Property Officer and Corporate Controller, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of the effectiveness of controls to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.


ITEM 9B. OTHER INFORMATION

On March 12, 2019, Acacia’s Board of Directors unanimously approved the adoption of a Tax Benefits Preservation Plan, or the 2019 Plan, with Computershare Trust Company, N.A., as Rights Agent, or the Rights Agent. The 2019 Plan replaces the Company’s Tax Benefits Preservation Plan dated March 15, 2016, or the 2016 Plan, which expires on March 15, 2019, and is substantially similar to 2016 Plan. While the 2019 Plan was effective upon adoption by the Board, and while not required by the Company’s governing documents or by applicable law, as a matter of good corporate governance, the Company intends to submit the 2019 Plan for stockholder ratification at its next annual meeting of stockholders.
The purpose of the 2019 Plan is to protect the Company’s ability to utilize potential tax assets, such as net operating loss carryforwards, or NOLs, and tax credits, or Tax Benefits, to offset potential future taxable income. As of December 31, 2018, the Company had U.S. federal income tax NOLs totaling approximately $222,860,808 and U.S. state income tax NOLs totaling approximately $19,470,755. The Internal Revenue Code of 1986, as amended, or the Code, limits the ability of a company to use its NOLs if it experiences an “ownership change,” as defined in Section 382 of the Code. A company generally experiences such an ownership change if the percentage of its stock owned by its “5-percent shareholders,” as defined in Section 382 of the Code, increases by more than 50 percentage points over a rolling three-year period.
The 2019 Plan is designed to reduce the likelihood that the Company will experience an ownership change by discouraging any (i) person or group from acquiring beneficial ownership of 4.9% or more of the Company’s outstanding common stock and (ii) any existing shareholders who, as of the time of the first public announcement of the adoption of the 2019 Plan, beneficially own more than 4.9% of the Company’s then-outstanding shares of the Company’s common stock from acquiring additional shares of the Company’s common stock (subject to certain exceptions). There is no guarantee, however, that the 2019 Plan will prevent the Company from experiencing an ownership change.
A company that experiences an ownership change generally will be subject to an annual limitation on certain of its pre-ownership change tax assets equal to the value of the corporation immediately before the ownership change, multiplied by the long-term-tax-exempt rate (subject to certain adjustments), provided that the annual limitation will be increased each year to the extent that there is an unused limitation in a prior year. The limitation arising from an ownership change on the Company’s ability to utilize the Tax Benefits depends on the value of the Company’s stock at the time of the ownership change.
In connection with the adoption of the 2019 Plan, the board of directors of the Company authorized and declared a dividend distribution of one right, or a Right, for each outstanding share of the common stock of the Company, to shareholders of record at the close of business on March 16, 2019.
Summary Description of the 2019 Plan
The following summary of the 2019 Plan does not purport to be complete and is qualified in its entirety by the full text of the 2019 Plan, a copy of which is filed as Exhibit 4.1 and is incorporated herein by reference.
Distribution Date. Subject to certain exceptions, Rights would separate from the common stock and become exercisable apart from the common stock only following the earlier of (i) the close of business on the tenth (10th) business day after public announcement that a person has become an “Acquiring Person” or (ii) the close of business on the tenth (10th) business day (or such later date as the Board shall determine) after a third party makes a tender or exchange offer which, if consummated, would result in such third party becoming an Acquiring Person.

36




Exercise of Rights. On or after the Distribution Date, each Right would initially entitle the holder to purchase one one-thousandth of a share of the Company’s Series B Junior Participating Preferred Stock, $0.001 par value, or the Series B Preferred Stock, for a purchase price of $12.00 (subject to adjustment), or the Exercise Price. Under certain circumstances set forth in the 2019 Plan, the Company may suspend the exercisability of the Rights.
Definition of Acquiring Person. An “Acquiring Person” is a person or group that, together with affiliates and associates of such person or group, acquires beneficial ownership of 4.9% or more of the common stock, other than: (i) the Company, its subsidiaries and their respective employee benefit plans; (ii) any shareholder that, as of the time of the first public announcement of adoption of the 2019 Plan, beneficially owns 4.9% or more of the common stock (unless and until such person thereafter acquires any additional shares of common stock, subject to certain exceptions); (iii) a person who becomes an Acquiring Person solely as a result of the Company repurchasing shares of common stock or a stock dividend, stock split, reverse stock split or similar transaction effected by the Company (unless and until such person acquires additional shares, other than in certain specified exempt transactions) and (iv) certain shareholders who, inadvertently or without knowledge of the terms of the Rights, buy shares in excess of 4.899% of the common stock and who thereafter reduce the percentage of shares owned below 4.9%. Prior to the Distribution Date, the Board has sole discretion to make an affirmative determination, taking into account the intent and purposes of the 2019 Plan or other circumstances facing the Company, that a Person is not an Acquiring Person (even if such Person satisfies the requirements of any of subclauses (i), (ii), (iii) or (iv) if and for so long as such Person complies with any limitations or conditions required by the Board in making such determination).
“Flip-in” Feature. If any person or group of affiliated or associated persons becomes an Acquiring Person, then each Right (other than Rights owned by an Acquiring Person, its affiliates, associates or certain transferees, which will become void) will entitle the holder to purchase, at the then current exercise price, common stock (or, in certain circumstances, a combination of common stock, other securities, cash or other property) having a value of twice the exercise price of the Right, in effect enabling a purchase at half-price. However, Rights are not exercisable following such an event until such time as the Rights are no longer redeemable by the Company as described below.
“Flip-over” Feature. If, at any time after a person or group of affiliated or associated persons becomes an Acquiring Person, the Company engages in a merger or other business combination transaction or series of related transactions in which the Company is not the surviving corporation, the common stock is changed or exchanged, or fifty percent (50%) or more of its assets, cash flow or earning power is sold, then each Right (not previously voided by the occurrence of a Flip-in Event) will entitle the holder to purchase, at the Right’s then current exercise price, common stock of such Acquiring Person having a value of twice the Right’s then current exercise price, in effect enabling a purchase at half-price.
Exchange Option. At any time after a person or group of affiliated or associated persons becomes an Acquiring Person and prior to the acquisition by such person or group of fifty percent (50%) or more of the then outstanding common stock, the Board may, in lieu of allowing Rights to be exercised, cause each outstanding Right (other than Rights owned by an Acquiring Person, its affiliates, associates or certain transferees, which will become void) to be exchanged for one share of common stock or one one-thousandth of a share of Series B Preferred Stock, in each case as adjusted to reflect stock splits or similar transactions.
Redemption. The Rights may be redeemed by the Board, at a price of $0.001 per Right at any time prior to the earlier of (i) the tenth (10th) business day following a public announcement that a person or group of affiliated or associated persons has become an Acquiring Person or (ii) the final expiration of the Rights.
Power to Amend. Prior to a Distribution Date, the Company may amend the 2019 Plan in any respect without shareholder approval, other than to extend the final expiration date of the Rights. From and after a Distribution Date, the Company may amend the 2019 Plan without the approval of holders of certificates representing Rights in order to (i) cure any ambiguity, (ii) correct or supplement any provision which may be defective or inconsistent with any other provisions, (iii) shorten or lengthen any time period (other than to lengthen the final expiration date of the Rights), or (iv) change or supplement the provisions in any manner which the Company may deem necessary or desirable and which does not adversely affect the interests of the holders of certificates representing Rights. The 2019 Plan, however, may not be amended at such time as the Rights are not redeemable (other than certain limited technical amendments).
Expiration. The Rights will expire on the earliest of (i) 5:00 P.M., New York, New York time, on March 15, 2021, (ii) the time at which the rights are redeemed or exchanged pursuant to the 2019 Plan, (iii) the close of business on the effective date of the repeal of Section 382 or any successor statute if the Board determines that the 2019 Plan is no longer necessary or desirable for the preservation of Tax Benefits or (iv) the close of business on the first day of a taxable year of the Company to which the Board determines that Tax Benefits may not be carried forward.

37




Rights Certificates. Prior to a Distribution Date, the Rights will be evidenced by, and trade with, the common stock and will not be exercisable or transferable apart from the common stock. After a Distribution Date, the Rights Agent will send certificates representing Rights to shareholders and the Rights will trade independent of the common stock.
No Rights as a Shareholder; Other Matters. Until a Right is exercised, the holder of Rights, as such, is not entitled to any separate rights as a shareholder of the Company (such as voting or dividend rights). Although the distribution of the Rights will not be taxable to shareholders or to the Company for U.S. federal income tax purposes, shareholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for common stock (or other consideration) or for common stock of the acquiring company or in the event of the redemption of the Rights as set forth above.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Except as provided below, in accordance with General Instruction G(3) to Form 10-K, certain information required by this Item is incorporated herein by reference to our definitive proxy statement for our 2019 annual meeting of stockholders to be filed with the SEC no later than April 30, 2019.

Code of Conduct.
 
We have adopted a Code of Conduct that applies to all employees, including our chief intellectual property officer and corporate controller and any persons performing similar functions. Our Code of Conduct is provided on our internet website at www.acaciaresearch.com.


ITEM 11. EXECUTIVE COMPENSATION

In accordance with General Instruction G(3) to Form 10-K, the information required by this Item is incorporated herein by reference to our definitive proxy statement for our 2019 annual meeting of stockholders to be filed with the SEC no later than April 30, 2019.


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

In accordance with General Instruction G(3) to Form 10-K, certain information required by this Item is incorporated herein by reference to our definitive proxy statement for our 2019 annual meeting of stockholders to be filed with the SEC no later than April 30, 2019.

 
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

In accordance with General Instruction G(3) to Form 10-K, the information required by this Item is incorporated herein by reference to our definitive proxy statement for our 2019 annual meeting of stockholders to be filed with the SEC no later than April 30, 2019.


ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

In accordance with General Instruction G(3) to Form 10-K, the information required by this Item is incorporated herein by reference to our definitive proxy statement for our 2019 annual meeting of stockholders to be filed with the SEC no later than April 30, 2019.

38

PART IV

 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
(a)
The following documents are filed as part of this report.
 
(1)  Financial Statements 
 
Page
 
 
 
Acacia Research Corporation Consolidated Financial Statements
 
 
 
 
 
 
 
 
 
 
 
 
(2)   Financial Statement Schedules
 
 
 
 
Financial statement schedules are omitted because they are not applicable or the required information is shown in the Financial Statements or the Notes thereto.
 
 
 
(3)  Exhibits
 
 
 
 
Refer to Item 15(b) below.
 

 
(b) 
Exhibits.  The following exhibits are either filed herewith or incorporated herein by reference:
Exhibit
Number
Description
 
 
2.1
3.1
3.2
4.1

10.9
10.17*
10.19
10.20*
10.21*
10.23*
10.24*
10.25*
10.27*

39




10.28*
10.29
10.30
10.31
10.32
10.33
10.34
10.35*
10.36*
10.37*
10.38*
10.39*
10.40*
21.1
23.1
24.1
31.1†
31.2†
32.1
32.2
101
Interactive Date Files Pursuant to Rule 405 of Regulation S-T.
 ___________________________
*
The referenced exhibit is a management contract, compensatory plan or arrangement required to be filed as an exhibit to this Annual Report on Form 10-K pursuant to Item 15(c) of Form 10-K.
†
The certifications attached as Exhibits 32.1 and 32.2 that accompany this Annual Report on Form 10-K are not deemed filed with the SEC and are not to be incorporated by reference into any filing of Acacia Research Corporation under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Annual Report on Form 10-K, regardless of any general incorporation language contained in any filing.
(1)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on June 5, 2008 (File No. 000-26068).
(2)
Incorporated by reference to Appendix A to Acacia Research Corporation’s Definitive Proxy Statement on Schedule 14A filed on April 20, 2000 (File No. 000-26068).
(3)
Incorporated by reference to Appendix A to Acacia Research Corporation’s Definitive Proxy Statement on Schedule 14A filed on April 26, 1996 (File No. 000-26068).

40




(4)
Incorporated by reference to Annex E to the Proxy Statement/Prospectus which formed part of Acacia Research Corporation’s Registration Statement on Form S-4 (File No. 333-87654) which became effective on November 8, 2002.
(5)
Incorporated by reference to Acacia Research Corporation’s Registration Statement on Form S-8 (File No. 333-144754) which became effective on July 20, 2007.
(6)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended September 30, 2007, filed on November 2, 2007 (File No. 000-26068).
(7)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10‑K for the year ended December 31, 2001, filed on March 27, 2002 (File No. 000‑26068).
(8)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended June 30, 2012, filed on July 30, 2012 (File No. 000-26068).
(9)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended March 31, 2006, filed on May 10, 2006 (File No. 000‑26068).
(10)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10-K for the year ended December 31, 2007, filed on March 14, 2008 (File No. 000-26068).
(11)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on April 2, 2008 (File No. 000-26068).
(12)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008, filed on February 26, 2009 (File No. 000-26068).
(13)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10-K for the year ended December 31, 2009, filed on February 26, 2010, as amended on March 1, 2010 (File No. 000-26068).
(14)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10-K for the year ended December 31, 2010, filed on February 28, 2011, as amended on March 24, 2011 (File No. 000-26068).
(15)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K/A filed on January 19, 2012 (File No. 000-26068). Portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 24-b-2 of the Securities Exchange Act of 1934, as amended. The omitted material has been separately filed with the Securities and Exchange Commission.
(16)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on February 16, 2012 (File No. 000-26068).
(17)
Incorporated by reference to Appendix A to Acacia Research Corporation’s Definitive Proxy Statement on Schedule 14A filed on April 24, 2013 (File No. 000-26068).
(18)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on May 22, 2013 (File No. 000-26068).
(19)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended September 30, 2015, filed on November 9, 2015 (File No. 000-26068).
(20)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on March 28, 2016 (File No. 001-37721).
(21)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended June 30, 2016, filed on August 9, 2016 (File No. 001-37721).
(22)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on March 4, 2016 (File No. 000-26068).

41




(23)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on March 21, 2016 (File No. 000-26068).
(24)
Incorporated by reference to Acacia Research Corporation’s Annual Report on Form 10-K for the year ended December 31, 2016, filed on March 10, 2017 (File No. 001-37721).
(25)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended September 30, 2017, filed on November 7, 2017 (File No. 001-37721).
(26)
Incorporated by reference to Acacia Research Corporation’s Quarterly Report on Form 10-Q for the period ended March 31, 2017, filed on May 10, 2017 (File No. 001-37721).
(27)
Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on March 16, 2017 (File No. 001-37721).
(28)
Incorporated by reference to Annex A to Acacia Research Corporation’s Definitive Proxy Statement on Schedule 14A
filed on May 3, 2018 (File No. 001-37721).

(29)    Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on August 16, 2018
(File No. 001-37721).

(30)    Incorporated by reference to Acacia Research Corporation’s Current Report on Form 8-K filed on February 13, 2019
(File No. 001-37721).


42

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
 
ACACIA RESEARCH CORPORATION
 
 
 
 
 
 
Dated:
March 15, 2019
By:
/s/ Marc W. Booth
 
 
 
 
Marc W. Booth
 
 
 
 
Chief IP Officer
 (Authorized Signatory)
 
 
POWER OF ATTORNEY
 
We, the undersigned directors and officers of Acacia Research Corporation, do hereby constitute and appoint Marc W. Booth and Kirsten L. Hoover, and each of them, as our true and lawful attorneys-in-fact and agents with power of substitution, to do any and all acts and things in our name and behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorney-in-fact and agent may deem necessary or advisable to enable said corporation to comply with the Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this Annual Report on Form 10-K, including specifically but without limitation, power and authority to sign for us or any of us in our names in the capacities indicated below, any and all amendments hereto; and we do hereby ratify and confirm all that said attorney-in-fact and agent, shall do or cause to be done by virtue hereof.
 
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and the capacities and on the dates indicated.
 
Signature  
 
Title
 
Date
 
 
 
 
 
 
/s/
Marc W. Booth
 
Chief Intellectual Property Officer

 
March 15, 2019
 
Marc W. Booth
 
(Principal Executive Officer)
 
 
 
 
 
 
 
 
/s/
Kirsten L. Hoover
 
Corporate Controller
 
March 15, 2019
 
Kirsten L. Hoover
 
(Principal Financial Officer)
 
 
 
 
 
 
 
 
/s/
Allen Bradley
 
Director
 
March 15, 2019
 
Allen Bradley
 
 
 
 
 
 
 
 
 
 
/s/
Maureen O'Connell
 
Director
 
March 15, 2019
 
Maureen O'Connell
 
 
 
 
 
 
 
 
 
 
/s/
Clifford Press
 
Director
 
March 15, 2019
 
Clifford Press
 
 
 
 
 
 
 
 
 
 
/s/
Alfred V. Tobia, Jr.
 
Director
 
March 15, 2019
 
Alfred V. Tobia, Jr.
 
 
 
 
 
 
 
 
 
 
/s/
Katharine Wolanyk
 
Director
 
March 15, 2019
 
Katharine Wolanyk
 
 
 
 


43




REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholders
Acacia Research Corporation

Opinion on the financial statements

We have audited the accompanying consolidated balance sheets of Acacia Research Corporation and subsidiaries (the “Company”) as of December 31, 2018 and 2017, the related consolidated statements of operations, comprehensive income (loss), stockholders’ equity, and cash flows for each of the two years in the period ended December 31, 2018, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2018, in conformity with accounting principles generally accepted in the United States of America.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2018, based on criteria established in the 2013 Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), and our report dated March 15, 2019 expressed an unqualified opinion.

Change in accounting principle

As discussed in Note 13 to the financial statements, the Company has adopted new accounting guidance in 2018 related to accounting for revenue from contracts with customers. Our opinion is not modified with respect to this matter.

Basis for opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.



/s/ GRANT THORNTON LLP


We have served as the Company’s auditor since 2007.

Newport Beach, California
March 15, 2019





F- 1




REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholders
Acacia Research Corporation

Opinion on internal control over financial reporting

We have audited the internal control over financial reporting of Acacia Research Corporation and subsidiaries (the “Company”) as of December 31, 2018, based on criteria established in the 2013 Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2018, based on criteria established in the 2013 Internal Control-Integrated Framework issued by COSO.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the consolidated financial statements of the Company as of and for the year ended December 31, 2018, and our report dated March 15, 2019 expressed an unqualified opinion on those financial statements.

Basis for opinion

The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control Over Financial Reporting (“Management’s Report”). Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.


Definition and limitations of internal control over financial reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.



/s/ GRANT THORNTON LLP


Newport Beach, California
March 15, 2019

F- 2




ACACIA RESEARCH CORPORATION
CONSOLIDATED BALANCE SHEETS
As of December 31, 2018 and 2017
(In thousands, except share and per share information)
 
 
 
2018
 
2017
ASSETS
 
 
 
 
Current assets:
 
 
 
 
Cash and cash equivalents
 
$
128,809

 
$
136,604

Trading securities - debt
 
33,642

 
—

Trading securities - equity
 
3,012

 
—

Accounts receivable
 
32,884

 
153

Prepaid expenses and other current assets
 
3,125

 
2,938

Total current assets
 
201,472

 
139,695

Investment at fair value(1)
 
7,459

 
104,754

Other investments(1)
 
8,195

 
2,195

Patents, net of accumulated amortization
 
6,587

 
61,917

Other non-current assets
 
236

 
207


 
$
223,949

 
$
308,768

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 

 
 

Current liabilities:
 
 

 
 

Accounts payable and accrued expenses
 
$
8,347

 
$
7,956

Royalties and contingent legal fees payable
 
22,688

 
1,601

Total current liabilities
 
31,035

 
9,557

Other liabilities
 
1,674

 
3,552

Total liabilities
 
32,709

 
13,109

Commitments and contingencies (Note 10)
 


 


Stockholders’ equity:
 
 

 
 

Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding
 
—

 
—

Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,639,319 shares issued and outstanding as of December 31, 2018 and 50,639,926 shares issued and outstanding as of December 31, 2017
 
50

 
51

Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of December 31, 2018 and 2017
 
(39,272
)
 
(34,640
)
Additional paid-in capital
 
651,156

 
648,996

Accumulated comprehensive loss
 
—

 
(88
)
Accumulated deficit
 
(422,541
)
 
(320,018
)
Total Acacia Research Corporation stockholders’ equity
 
189,393

 
294,301

Noncontrolling interests in operating subsidiaries
 
1,847

 
1,358

Total stockholders’ equity
 
191,240

 
295,659

 
 
$
223,949

 
$
308,768

(1) Refer to Note 6 for additional information.




The accompanying notes are an integral part of these consolidated financial statements.

F- 3




ACACIA RESEARCH CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended December 31, 2018 and 2017
(In thousands, except share and per share information)

 
 
2018
 
2017
 
 
 
 
 
Revenues
 
$
131,506

 
$
65,402

Portfolio operations:
 
 

 
 

Inventor royalties
 
35,168

 
4,952

Contingent legal fees
 
31,501

 
16,682

Patent acquisition expenses
 
4,000

 
—

Litigation and licensing expenses - patents
 
8,866

 
18,219

Amortization of patents
 
27,120

 
22,154

Impairment of patent-related intangible assets
 
28,210

 
2,248

  Other portfolio expenses
 
2,602

 
1,200

Total portfolio operations
 
137,467

 
65,455

Net loss
 
(5,961
)
 
(53
)
General and administrative expenses (including non-cash stock compensation expense (credit) of ($317) in 2018 and $8,885 in 2017)
 
18,850

 
27,219

Operating loss
 
(24,811
)
 
(27,272
)
Other income (expense):
 
 
 
 
Change in fair value of investment, net(1)
 
(59,103
)
 
42,239

Loss on sale of investment(1)
 
(19,095
)
 
—

Gain on conversion of loans and accrued interest(1)
 
—

 
2,671

Gain on exercise of Primary Warrant(1)
 
—

 
4,616

Equity in losses of investee(1)
 
—

 
(220
)
Other income (expense)
 
(1,629
)
 
1,000

Interest income and other
 
969

 
1,605

Total other income (expense)
 
(78,858
)
 
51,911

Income (loss) from operations before provision for income taxes
 
(103,669
)
 
24,639

Provision for income taxes
 
(1,179
)
 
(2,955
)
Net income (loss) including noncontrolling interests in subsidiaries
 
(104,848
)
 
21,684

Net (income) loss attributable to noncontrolling interests in subsidiaries
 
(181
)
 
496

Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

Net income (loss) attributable to common stockholders - basic and diluted
 
$
(105,029
)
 
$
22,147

Basic and diluted income (loss) per common share
 
$
(2.10
)
 
$
0.44

Weighted-average number of shares outstanding, basic
 
49,969,062

 
50,495,119

Weighted-average number of shares outstanding, diluted
 
49,969,062

 
50,692,012


(1) Refer to Note 6 for additional information.







The accompanying notes are an integral part of these consolidated financial statements.

F- 4




ACACIA RESEARCH CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the Years Ended December 31, 2018 and 2017
(In thousands)

 
2018
 
2017
Net income (loss) including noncontrolling interests in subsidiaries
$
(104,848
)
 
$
21,684

Other comprehensive income (loss):
 
 
 
Unrealized gain (loss) on short-term investments, net of tax of $0
—

 
(40
)
Unrealized gain (loss) on foreign currency translation, net of tax of $0
88

 
58

Add: reclassification adjustment for (gains) losses included in net income (loss)
—

 
(30
)
Total other comprehensive income (loss)
(104,760
)
 
21,672

Comprehensive income (loss) attributable to noncontrolling interests
(181
)
 
496

Comprehensive income (loss) attributable to Acacia Research Corporation
$
(104,941
)

$
22,168





































The accompanying notes are an integral part of these consolidated financial statements.

F- 5




ACACIA RESEARCH CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
For the Years Ended December 31, 2018 and 2017
(In thousands, except share information)

 
 
Common Shares
 
Common Stock
 
Treasury Stock
 
Additional Paid-in Capital
 
Accumulated Comprehensive Income (Loss)
 
Accumulated Deficit
 
Noncontrolling Interests in Operating Subsidiaries
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
50,476,042

 
$
50

 
$
(34,640
)
 
$
642,453

 
$
(76
)
 
$
(342,198
)
 
$
1,854

 
$
267,443

Net income attributable to Acacia Research Corporation
 
—

 
—

 
—

 
—

 
—

 
22,180

 
—

 
22,180

Stock options exercised
 
207,863

 
1

 
—

 
744

 
—

 
—

 
—

 
745

Compensation expense for share-based awards, net of forfeitures
 
(35,310
)
 
—

 
—

 
5,844

 
—

 
—

 
—

 
5,844

Repurchase of restricted common stock
 
(8,669
)
 
—

 
—

 
(45
)
 
—

 
—

 
—

 
(45
)
Net loss attributable to noncontrolling interests in subsidiaries
 
—

 
—

 
—

 
—

 
—

 
—

 
(496
)
 
(496
)
Unrealized gain on foreign currency translation
 
—

 
—

 
—

 
—

 
28

 
—

 
—

 
28

Unrealized loss on short-term investments
 
—

 
—

 
—

 
—

 
(40
)
 
—

 
—

 
(40
)
Balance at December 31, 2017
 
50,639,926

 
51

 
(34,640
)
 
648,996

 
(88
)
 
(320,018
)
 
1,358

 
295,659

Net loss attributable to Acacia Research Corporation
 
—

 
—

 
—

 
—

 
—

 
(105,029
)
 
—

 
(105,029
)
Cumulative effect of new accounting principle
 
—

 
—

 
—

 
—

 
—

 
2,506

 
308

 
2,814

Repurchase of common stock
 
(1,190,420
)
 
(2
)
 
(4,632
)
 
—

 
—

 
—

 
—

 
(4,634
)
Stock options exercised
 
82,615

 
—

 
—

 
257

 
—

 
—

 
—

 
257

Compensation expense for share-based awards, net of forfeitures
 
166,998

 
1

 
—

 
2,132

 
—

 
—

 
—

 
2,133

Repurchase of restricted common stock
 
(59,800
)
 
—

 
—

 
(229
)
 
—

 
—

 
—

 
(229
)
Net income attributable to noncontrolling interests in subsidiaries
 
—

 
—

 
—

 
—

 
—

 
—

 
181

 
181

Unrealized gain on foreign currency translation
 
—

 
—

 
—

 
—

 
88

 
—

 
—

 
88

Balance at December 31, 2018
 
49,639,319

 
$
50

 
$
(39,272
)
 
$
651,156

 
$
—

 
$
(422,541
)
 
$
1,847

 
$
191,240

The accompanying notes are an integral part of these consolidated financial statements.

F- 6




ACACIA RESEARCH CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2018 and 2017
 (In thousands)
 
 
2018
 
2017
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
Net income (loss) including noncontrolling interests in subsidiaries
 
$
(104,848
)
 
$
21,684

Adjustments to reconcile net income (loss) including noncontrolling interests in subsidiaries to net cash provided by operating activities:
 
 

 
 

Gain on conversion of loans and accrued interest
 
—

 
(2,671
)
Gain on exercise of Primary Warrant
 
—

 
(4,616
)
Change in fair value of investment, net
 
59,103

 
(42,239
)
Loss on sale of investment
 
19,095

 
—

Depreciation and amortization
 
27,145

 
22,243

Non-cash stock compensation
 
(317
)
 
8,885

Impairment of patent-related intangible assets
 
28,210

 
2,248

Other
 
564

 
(374
)
Changes in assets and liabilities:
 
 

 
 

Accounts receivable
 
(28,189
)
 
26,597

Prepaid expenses and other assets
 
(208
)
 
(135
)
Accounts payable and accrued expenses
 
963

 
(6,349
)
Royalties and contingent legal fees payable
 
19,359

 
(12,307
)
Net cash provided by operating activities
 
20,877

 
12,966

Cash flows from investing activities:
 
 

 
 

Investment in Investees
 
(7,000
)
 
(31,514
)
Sale of investment
 
19,097

 
—

Advances to Investee (Note 6)
 
—

 
(4,000
)
Purchases of property and equipment

(34
)

(2
)
Purchases of short-term investments

(102,769
)

(448,388
)
Sales and maturities of short-term investments

66,640


467,790

Net cash used in investing activities

(24,066
)

(16,114
)
Cash flows from financing activities:
 
 

 
 

Repurchase of common stock
 
(4,634
)
 
—

Proceeds from the exercise of stock options
 
257


745

Repurchases of restricted common stock
 
(229
)

(45
)
Net cash provided by (used in) financing activities
 
(4,606
)
 
700

Decrease in cash and cash equivalents
 
(7,795
)
 
(2,448
)
Cash and cash equivalents and restricted cash, beginning
 
136,604

 
139,052

Cash and cash equivalents and restricted cash, ending
 
$
128,809

 
$
136,604


The accompanying notes are an integral part of these consolidated financial statements.

F- 7
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.  DESCRIPTION OF BUSINESS

Description of Business. As used herein, “Acacia” and the “Company” refer to Acacia Research Corporation and/or its wholly and majority-owned and controlled operating subsidiaries, and/or where applicable, its management.

Acacia’s operating subsidiaries invest in, license and enforce patented technologies. Acacia’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. In recent years, Acacia has also invested in technology companies. Acacia leverages its experience, expertise, data and relationships developed as a leader in the IP industry to pursue these opportunities. In some cases, these opportunities will complement, and/or supplement Acacia’s primary licensing and enforcement business.

Acacia’s operating subsidiaries generate revenues and related cash flows from the granting of IP rights for the use of patented technologies that its operating subsidiaries control or own. Acacia’s operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

Acacia’s operating subsidiaries are principals in the licensing and enforcement effort, obtaining control of the rights in the patent portfolio, or control of the patent portfolio outright. Acacia’s operating subsidiaries own or control the rights to multiple patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

Neither Acacia nor its operating subsidiaries invent new technologies or products; rather, Acacia depends upon the identification and investment in new patents, inventions and companies that own IP through its relationships with inventors, universities, research institutions, technology companies and others. If Acacia’s operating subsidiaries are unable to maintain those relationships and identify and grow new relationships, then they may not be able to identify new technology-based opportunities for sustainable revenue and/or revenue growth.    

During fiscal year 2018, Acacia did not obtain control of any new patent portfolios. During fiscal year 2017 Acacia obtained control of one new patent portfolio. In fiscal year 2016, Acacia obtained control of two new patent portfolios.

Acacia was incorporated on January 25, 1993 under the laws of the State of California. In December 1999, Acacia changed its state of incorporation from California to Delaware.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Principles.  The consolidated financial statements and accompanying notes are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP").

Principles of Consolidation.  The accompanying consolidated financial statements include the accounts of Acacia and its wholly and majority-owned and controlled subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation.
 
Noncontrolling interests in Acacia’s majority-owned and controlled operating subsidiaries (“noncontrolling interests”) are separately presented as a component of stockholders’ equity. Consolidated net income or (loss) is adjusted to include the net (income) or loss attributed to noncontrolling interests in the consolidated statements of operations. Refer to the accompanying consolidated statements of stockholders’ equity for total noncontrolling interests.

A wholly owned subsidiary of Acacia is the general partner of the Acacia Intellectual Property Fund, L.P. (the “Acacia IP Fund”), which was formed in August 2010. The Acacia IP Fund is included in the Company’s consolidated financial statements since 2010, as Acacia’s wholly owned subsidiary, as the general partner, has the ability to control the operations and activities of the Acacia IP Fund. The Acacia IP Fund was terminated as of December 31, 2017 and is in the process of being liquidated.

Revenue Recognition.  Revenue is recognized upon transfer of control of promised bundled IP rights (hereinafter “IP
Rights”) and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to

F- 8
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue
recognition criteria have been met.

For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, that provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales") . IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract.

Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.
 
For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available.

Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.
 
In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.








F- 9
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Revenues were comprised of the following for the periods presented (in thousands):
 
2018
 
2017
Paid-up Revenue Agreements
$
100,496

 
$
59,020

Recurring Revenue Agreements
13,040

 
6,382

Other Settlements
3,470

 
—

Sales
14,500

 
—

 
$
131,506

 
$
65,402



Refer to “Inventor Royalties and Contingent Legal Expenses” below for information on related direct costs of revenues.

Portfolio Operations.  Cost of revenues include the costs and expenses incurred in connection with Acacia’s patent licensing and enforcement activities, including inventor royalties paid to original patent owners, contingent legal fees paid to external patent counsel, other patent-related legal expenses paid to external patent counsel, licensing and enforcement related research, consulting and other expenses paid to third-parties and the amortization of patent-related investment costs. These costs are included under the caption “Portfolio operations” in the accompanying consolidated statements of operations.  

Inventor Royalties and Contingent Legal Expenses. Inventor royalties are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In certain instances, pursuant to the terms of the underlying inventor agreements, upfront advances paid to patent owners by Acacia’s operating subsidiaries are recoverable from future net revenues. Patent costs that are recoverable from future net revenues are amortized over the estimated economic useful life of the related patents, or as the prepaid royalties are earned by the inventor, as appropriate, and the related expense is included in amortization expense in the consolidated statements of operations. Any unamortized upfront advances recovered from net revenues are expensed in the period recovered, and included in amortization expense in the consolidated statements of operations. Cost of revenues for fiscal year 2018 included $4.0 million of costs to acquire certain patent rights related to revenues recognized in the period.  

Contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal fees are paid; however, Acacia’s operating subsidiaries may be liable for certain out of pocket legal costs incurred pursuant to the underlying legal services agreement.

Fair Value Measurements. U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value is defined as follows:

(i)
Level 1 - Observable Inputs:  Quoted prices in active markets for identical investments;
(ii)
Level 2 - Pricing Models with Significant Observable Inputs:  Other significant observable inputs, including quoted prices for similar investments, interest rates, credit risk, etc.; and
(iii)
Level 3 - Unobservable Inputs:  Significant unobservable inputs, including the entity’s own assumptions in determining the fair value of investments.

Whenever possible, the Company is required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):

F- 10
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 
Level 1
 
Level 2
 
Level 3
Assets as of December 31, 2018:
 
 
 
 
 
Trading securities - debt
$
—

 
$
33,642

 
$
—

Trading securities - equity
3,012

 
—

 
—

Investment at fair value - warrants (Note 6)
—

 
2,064

 
—

Investment at fair value - common stock (Note 6)
5,395

 
—

 
—

Total recurring fair value measurements as of December 31, 2018
$
8,407

 
$
35,706

 
$
—

 
 
 
 
 
 
Assets as of December 31, 2017:
 
 
 
 
 
Investments at fair value (Note 6)
$
—

 
$
—

 
$
104,754

 
 
 
 
 
 
Liabilities as of December 31, 2018:
 
 
 
 
 
Profits interest units
$
—

 
$
591

 
$
—

Liabilities as of December 31, 2017:
 
 
 
 
 
Profits interest units
$
—

 
$
—

 
$
3,041

 
 
 
 
 
 


A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended December 31, 2018 is as follows (in thousands):
 
Investment at Fair Value
 
Other Liabilities
 
Common Stock
 
Warrants
 
Total
 
Profits Interest Units
Opening balance as of January 1, 2018
$
90,795

 
$
13,959

 
$
104,754

 
$
3,041

Total gains and losses included in earnings for the period(1)
 
 
 
 
 
 
 
Non-cash stock compensation expense - Profits Interests
—

 
—

 
—

 
(2,450
)
Change in fair value of investment, net
(47,208
)
 
(11,895
)
 
(59,103
)
 
—

Realized loss on sale
(19,095
)
 
—

 
(19,095
)
 
—

Purchases, issues, sales and settlements
(19,097
)
 
—

 
(19,097
)
 
—

Transfers to Level 1 and Level 2
(5,395
)
 
(2,064
)
 
(7,459
)
 
(591
)
Total recurring fair value measurements(1)
$
—

 
$
—

 
$
—

 
$
—


____________________
(1) All gains and losses included in earnings for the period presented relate to assets and liabilities held as of December 31, 2018 and December 31, 2017.
(2) Refer to Note 6 for information regarding purchases, issues, sales and settlements activity for the years ended December 31, 2018 and 2017.

Cash and Cash Equivalents.  Acacia considers all highly liquid, short-term investments with original maturities of three months or less when purchased to be cash equivalents. For the periods presented, Acacia’s cash equivalents are comprised of investments in AAA rated money market funds that invest in first-tier only securities, which primarily includes: domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements. Acacia’s cash equivalents are measured at fair value using quoted prices that represent Level 1 inputs.
 
Trading Securities- Debt.  Investments in debt securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses recorded in the statements of operations in other income (expense). Realized and unrealized gains and losses are recorded based on the specific identification method. Interest is included in other income (expense).

Trading Securities - Equity. Investments in equity securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses in the value of such securities recorded in the statements of operations in other income (expense). Dividend income is included in other income (expense).

Impairment of Short-term Investments. Acacia evaluates its investments in marketable securities for potential impairment, employing a methodology on a quarterly basis that considers available quantitative and qualitative evidence. If the cost or carrying value of an investment exceeds its estimated fair value, the Company evaluates, among other factors, general market conditions, credit quality of instrument issuers, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold, or plans or ability to sell. Fair value is estimated based on publicly available market

F- 11
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

information or other estimates determined by management. Investments are considered to be impaired when a decline in fair value is estimated to be other-than-temporary. Acacia reviews impairments associated with its investments in marketable securities and determines the classification of any impairment as temporary or other-than-temporary. An impairment is deemed other-than-temporary unless (a) Acacia has the ability and intent to hold an investment for a period of time sufficient for recovery of its carrying amount and (b) positive evidence indicating that the investment’s carrying amount is recoverable within a reasonable period of time outweighs any evidence to the contrary. All available evidence, both positive and negative, is considered to determine whether, based on the weight of such evidence, the carrying amount of the investment is recoverable within a reasonable period of time. For investments classified as available-for-sale, unrealized losses that are other-than-temporary are recognized in the consolidated statements of operations.  

Concentration of Credit Risks.  Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. Acacia places its cash equivalents and short-term investments primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. Acacia has not experienced any significant losses on its deposits of cash and cash equivalents.

Three licensees individually accounted for 45%, 17% and 17%, respectively, of revenues recognized during the year ended December 31, 2018. Three licensees individually accounted for 54%, 21% and 10%, respectively, of revenues recognized during the year ended December 31, 2017. Four licensees individually represented approximately 38%, 36%, 12% and 11%, respectively, of accounts receivable at December 31, 2018. One licensee individually represented 100% of accounts receivable at December 31, 2017.

For 2018 and 2017, 26% and 39%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions, based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable revenue arrangement. The Company does not have any material foreign operations.

Acacia performs credit evaluations of its licensees with significant receivable balances, if any, and has not experienced any significant credit losses. Accounts receivable are recorded at the executed contract amount and generally do not bear interest. Collateral is not required. An allowance for doubtful accounts may be established to reflect the Company’s best estimate of probable losses inherent in the accounts receivable balance, and is reflected as a contra-asset account on the balance sheet and a charge to operating expenses in the statements of operations for the applicable period. The allowance is determined based on known troubled accounts, historical experience, and other currently available evidence. There was no allowance for doubtful accounts established for the periods presented.

Fair Value of Financial Instruments.  The carrying value of cash and cash equivalents, accounts receivables, and current liabilities approximates their fair values due to their short-term maturities.
 
Property and Equipment.  Property and equipment are recorded at cost. Major additions and improvements that materially extend useful lives of property and equipment are capitalized. Maintenance and repairs are charged against the results of operations as incurred. When these assets are sold or otherwise disposed of, the asset and related depreciation are relieved, and any gain or loss is included in the consolidated statements of operations for the period of sale or disposal. Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:
Furniture and fixtures
3 to 5 years
Computer hardware and software
3 to 5 years
Leasehold improvements
2 to 5 years (Lesser of lease term or useful life of improvement)

 
Rental payments on operating leases are charged to expense in the consolidated statements of operations on a straight-line basis over the lease term.

Patents.  Patents include the cost of patents or patent rights (hereinafter, collectively “patents”) acquired from third-parties or obtained in connection with business combinations. Patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from one to five years.

Investments at Fair Value. On an individual investment basis, Acacia may elect to account for investments in companies where the Company has the ability to exercise significant influence over operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the

F- 12
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants).

Other Investments. Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which the Company has the ability to exercise significant influence, are accounted for using the equity method of accounting. Acacia includes its proportionate share of earnings and/or losses of its equity method investees in equity in earnings (losses) of investee in the condensed consolidated statements of operations.

Investments in preferred stock with substantive liquidation preferences are accounted for at cost, (subject to impairment considerations, as described below, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, is not substantially similar to common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses, if any.

The initial determination of whether an investment is substantially similar to common stock is made on the initial date of investment if the Company has the ability to exercise significant influence over the operating and financial policies of the investee. That determination is reconsidered if (i) contractual terms of the investment are changed, (ii) there is a significant change in the capital structure of the investee, including the investee's receipt of additional subordinated financing, or (iii) the Company obtains an additional interest in an investment, resulting in the method of accounting for the cumulative interest being based on the characteristics of the investment at the date at which the Company obtains the additional interest. Refer to Note 5 for additional information.

Impairment of Investments. Acacia reviews its investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, Acacia considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, Acacia evaluates, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. Acacia also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded in the consolidated statements of operations and a new cost basis in the investment is established.

Impairment of Long-lived Assets. Acacia reviews long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Refer to Note 5 for additional information.

Fair value is generally estimated using the “Income Approach,” focusing on the estimated future net income-producing capability of the patent portfolios over the estimated remaining economic useful life. Estimates of future after-tax cash flows are converted to present value through “discounting,” including an estimated rate of return that accounts for both the time value of money and investment risk factors. Estimated cash inflows are typically based on estimates of reasonable royalty rates for the applicable technology, applied to estimated market data. Estimated cash outflows are based on existing contractual obligations, such as contingent legal fee and inventor royalty obligations, applied to estimated license fee revenues, in addition to other estimates of out-of-pocket expenses associated with a specific patent portfolio’s licensing and enforcement program. The analysis also contemplates consideration of current information about the patent portfolio including, status and stage of litigation, periodic results of the litigation process, strength of the patent portfolio, technology coverage and other pertinent information that could impact future net cash flows.

Contingent Liabilities. The Company, from time to time, is involved in certain legal proceedings. Based upon consultation with outside counsel handling its defense in these matters and the Company’s analysis of potential outcomes, if the

F- 13
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Company determines that a loss arising from such matters is probable and can be reasonably estimated, an estimate of the contingent liability is recorded in its consolidated financial statements. If only a range of estimated loss can be determined, an amount within the range that, based on estimates, assumptions and judgments, reflects the most likely outcome, is recorded as a contingent liability in the consolidated financial statements. In situations where none of the estimates within the estimated range is a better estimate of probable loss than any other amount, the Company records the low end of the range. Any such accrual would be charged to expense in the appropriate period. Litigation expenses for these types of contingencies are recognized in the period in which the litigation services were provided.
Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by Acacia or its operating subsidiaries, could materially harm the Company’s operating results and financial position.
Stock-Based Compensation. The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two to four years. The fair value of restricted stock and restricted stock unit awards is determined by the product of the number of shares or units granted and the grant date market price of the underlying common stock. The fair value of each option award is estimated on the date of grant using a Black-Scholes option-pricing model. Stock-based compensation expense for awards with service and/or performance conditions that affect vesting is recorded only for those awards expected to vest using an estimated forfeiture rate.

The Financial Accounting Standards Board (“FASB”) issued a new standard, effective January 1, 2017, that allows entities to make a policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. Effective January 1, 2017, the Company elected to account for forfeitures of awards as they occur. The prior standard required the Company to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest.

The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:
 
For the Years Ended
 
December 31, 2018
 
December 31, 2017
 
 
 
 
Risk-free interest rate
2.26%
 
1.77%
Term
4.37
 
4.37
Volatility
51%
 
51%
Dividend yield
—%
 
—%


Due to a lack of sufficient historical stock option exercise experience, the Company utilized the simplified method for estimating the expected term for stock options granted during the periods presented.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the option. The risk-free interest rate is based on the U.S. treasury yield curve on the grant date for the expected term of the option.

Restricted stock awards and stock option awards with performance-based vesting conditions generally vest based upon the Company achieving specified cash flow performance targets over a one and two-year period from the date of grant.
 
Performance-based stock options awards with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique. Assumptions utilized in connection with the Monte Carlo valuation technique included: estimated risk-free interest rate; expected volatility; and expected dividend yield. The risk-free interest rate was determined based on the yields available on U.S. Treasury zero-coupon

F- 14
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

issues. The expected stock price volatility was determined using historical volatility. The expected dividend yield was based on expectations regarding dividend payments.

Profits Interest Units (“Units”) are accounted for in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation - Stock Compensation.” The Units vest as described at Note 9, and therefore, the vesting conditions do not meet the definition of service, market or performance conditions, as defined in ASC 718. As such, the Units are classified as liability awards. Liability classified awards are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense is adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered. Initially, compensation expense was recognized on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which was five years. Upon full vesting of the award, which occurred during the three months ended September 30, 2017, previously unrecognized compensation expense was immediately recognized in the period, and will continue to be fully recognized for any changes in fair value, until the Units are settled. The Company has a purchase option to purchase the vested Units that are not otherwise forfeited after termination of continuous service. The exercise price of the purchase option is the fair market value of the Units on the date of termination of continuous service. At each reporting date, the value of the Units that are subject to the purchase option will be the measured at the fair value on the termination date. Non-cash stock compensation expense related to the Units is reflected in general and administrative expense in the accompanying consolidated statements of operations.

Income Taxes.  Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in Acacia’s consolidated financial statements or consolidated income tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more than likely not be realized, or if it is determined that there is uncertainty regarding future realization of such assets.

Under U.S. generally accepted accounting principles, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Tax positions that meet the more likely than not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement.
 
Segment Reporting.  Acacia uses the management approach, which designates the internal organization that is used by management for making operating decisions and assessing performance as the basis of Acacia’s reportable segments. Acacia’s patent licensing and enforcement business constitutes its single reportable segment.

Use of Estimates.  The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, the valuation of the loan and equity instruments discussed at Note 6, stock-based compensation expense including the valuation of profits interests, impairment of patent-related intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.

Income (Loss) Per Share.  The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.”
  
In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.


F- 15
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:
 
 
2018
 
2017
Numerator (in thousands):
 
 
 
 
Basic and Diluted
 
 
 
 
Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

Undistributed earnings allocated to participating securities
 
—

 
(33
)
Net income (loss) attributable to common stockholders – basic and diluted
 
$
(105,029
)
 
$
22,147

 
 
 
 
 
Denominator:
 
 
 
 
Weighted-average shares used in computing net loss per share attributable to common stockholders – basic
 
49,969,062

 
50,495,119

Effect of potentially dilutive securities:
 
 
 
 
Common stock options and restricted stock units
 
—

 
196,893

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted
 
49,969,062

 
50,692,012

Basic and diluted net loss per common share
 
$
(2.10
)
 
$
0.44

Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share
 
3,129,719

 
4,425,187


    
Treasury Stock. Repurchases of the Company’s outstanding common stock are accounted for using the cost method. The applicable par value is deducted from the appropriate capital stock account on the formal or constructive retirement of treasury stock. Any excess of the cost of treasury stock over its par value is charged to additional paid-in capital, and reflected as Treasury Stock on the consolidated balance sheets.
    
    
3.  SHORT-TERM INVESTMENTS

Short-term investments for the periods presented were comprised of the following (in thousands):
 
December 31, 2018
Security Type
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
Trading securities - debt
$
33,643

 
$
18

 
$
(19
)
 
$
33,642

Trading securities - equity
3,389

 
27

 
(404
)
 
3,012

 
$
37,032

 
$
45

 
$
(423
)
 
$
36,654



Short-term investments as of December 31, 2018 were comprised of investments in corporate bonds (debt securities) and investments in equity securities of publicly held companies (equity). For the years ended December 31, 2018 and 2017, proceeds from the sale of debt securities were $65,144,000 and$467,790,000, respectively. For the year ended December 31, 2018, proceeds from the sale of equity securities was $1,496,000. There were no short-term investments as of December 31, 2017.













F- 16
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4.  ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Payroll and other employee benefits
 
$
205

 
$
465

Accrued vacation
 
144

 
294

Accrued legal expenses - patent
 
5,974

 
5,479

Foreign taxes payable
 
374

 
15

Accrued consulting and other professional fees
 
1,241

 
1,364

Other accrued liabilities
 
409

 
339

 
 
$
8,347

 
$
7,956




5.  PATENTS
 
Acacia’s only identifiable intangible assets are patents and patent rights, with estimated remaining economic useful lives ranging from one to five years. For all periods presented, all of Acacia’s identifiable intangible assets were subject to amortization. The gross carrying amounts and accumulated amortization related to investments in intangible assets as of December 31, 2018 and 2017 are as follows (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Gross carrying amount - patents                                                        
 
$
326,167

 
$
444,137

Accumulated amortization - patents(1)                                                                         
 
(319,580
)
 
(382,220
)
Patents, net                                                                             
 
$
6,587

 
$
61,917


 (1) Includes patent impairment charges for the applicable periods.

The weighted-average remaining estimated economic useful life of Acacia’s patents and patent rights is 4 years. Scheduled annual aggregate amortization expense is estimated to be $2,559,000 in fiscal year 2019, $1,671,000 in 2020, $811,000 in 2021, $811,000 in 2022 and $735,000 in 2023.
 
Acacia recorded impairment of patent-related intangible asset charges totaling $28,210,000 and $2,248,000 for the years ended December 31, 2018 and 2017, respectively. The impairment charges related to impairments of patent portfolios due to a reduction in expected estimated future net cash flows and certain patent portfolios that management determined it would no longer allocate future resources to in connection with the licensing and enforcement of such portfolios, due primarily to adverse litigation outcomes, potential prior art related complexities and/or the overall determination that future resources would be allocated to other licensing and enforcement programs with higher potential return profiles. The impairment charges for the periods presented consisted of the excess of the asset’s carrying value over its estimated fair value.

For the year ended December 31, 2018, pursuant to the terms of the respective inventor agreements, certain Acacia operating subsidiaries elected to terminate or sell their rights to patent portfolios, resulting in the acceleration of amortization expense for the patent-related assets totaling $8,307,000. For the year ended December 31, 2017, there were no terminations or sales of patent portfolios.

For the years ended December 31, 2018 and 2017, capitalized patent costs, accumulated amortization and impairment charges, and sales proceeds related to patent-related sales and disposals are as follows (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Capitalized patent costs
 
$
117,970

 
$
—

Accumulated amortization / impairment charges
 
109,663

 
—

Sales proceeds
 
14,500

 
—



        


F- 17
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6. INVESTMENTS

Investment at Fair Value
Veritone Investment Agreement. On August 15, 2016, Acacia entered into an Investment Agreement with Veritone, Inc. (“Veritone”) pursuant to which Acacia funded in aggregate $20 million of loans to Veritone which were converted into 1,523,746 shares of Veritone’s common stock upon the public offering of Veritone common stock on May 17, 2017 (“IPO”), based on a conversion price of $13.61 per share. Veritone also issued Acacia a total of 154,312 warrants to purchase shares of Veritone’s common stock at an exercise price of $13.61 per share expiring in 2020.
In addition, in August 2016, Veritone issued Acacia a five-year warrant to purchase up to $50 million worth of shares of Veritone’s common stock at an exercise price of $13.61 per share subject to certain adjustments. Upon the consummation of Veritone’s IPO, Acacia exercised its option to purchase an additional 2,150,335 shares of Veritone common stock, at an aggregate purchase price of $29.3 million. Acacia then received an additional warrant that provides for the issuance of an additional 809,400 shares of Veritone common stock at an exercise price of $13.61 per share expiring in 2022.
Veritone Bridge Loan. On March 14, 2017, Acacia entered into an additional secured convertible promissory note with Veritone pursuant to which Acacia funded $4.0 million which was converted into 445,440 shares of Veritone’s common stock at a conversion price of $13.61 per share in the IPO. Acacia also received a 10-year warrant to purchase up to 156,720 shares of Veritone common stock at an exercise price of $13.61 per share expiring in 2027.
As a result of the foregoing transactions, Acacia received an aggregate total of 4,119,521 of Veritone shares and 1,120,432 of warrants in Veritone. On October 5, 2018, a registration statement on Form S-3 registering all of Acacia’s shares of Veritone common stock was declared effective by the SEC. During the year ended December 31, 2018, Acacia sold 2,700,000 shares Veritone common stock at prices ranging from $4.95 to $10.44 and recorded a realized loss of $19.1 million.
At December 31, 2018, the fair value of the 1,419,521 shares of Veritone common stock owned by Acacia totaled $5,395,000. At December 31, 2018, the fair value of the 1,120,432 common stock purchase warrants held by Acacia totaled $2,064,000. The Veritone common shares were subject to a lock-up agreement that expired on August 15, 2018, subsequent to which the fair value of the common stock (Level 1) and fair value of the common stock purchase warrants (Level 2) excluded a DLOM.
Changes in the fair value of Acacia’s investment in Veritone are recorded as unrealized gains or losses in the consolidated statements of operations. For the period from the IPO on May 17, 2017 to December 31, 2017 and for the year ended December 31, 2018, the accompanying consolidated statements of operations reflected the following (in thousands):
 
 
2018
 
2017
Gain on conversion of loans and accrued interest(1)
 
$
—

 
$
2,671

Gain on exercise of warrant(2)
 
—

 
4,616

Change in fair value of investment, warrants
 
(11,895
)
 
8,317

Change in fair value of investment, common stock
 
(47,208
)
 
33,922

Loss on sale of investment, common stock
 
(19,095
)
 
—

Net realized and unrealized gain (loss) on investment at fair value
 
$
(78,198
)
 
$
49,526

__________________________
(1) Pre-conversion difference between carrying value of Loan and accrued interest and the estimated fair value of common stock discounted for lack of marketability.
(2) Pre-conversion difference between carrying value of Primary Warrant and the estimated fair value of common stock and 10% Warrant discounted for lack of marketability.

Miso Robotics Investment
    
In June 2017, Acacia made an investment in the Series A Preferred financing round for Miso Robotics, Inc. (“Miso Robotics”), an innovative leader in robotics and artificial intelligence solutions, totaling $2,250,000, acquiring a 22.6% ownership interest in Series A preferred stock of Miso Robotics, and one board seat. In February 2018, Acacia made an additional equity investment in the Series B Preferred financing round for Miso Robotics totaling $6,000,000, increasing its ownership interest (Series B preferred stock) in Miso Robotics to approximately 30%, and acquiring an additional board seat.


F- 18
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As of February 2018, the preferred stock was not deemed to be in-substance common stock due to the substantive liquidation preference associated with the preferred stock. As such, as of February 2018, the cumulative investment in Miso Robotics is recorded at cost and assessed for any impairment at each balance sheet date. Prior to February 2018, the equity method of accounting was applied.


7.  STOCKHOLDERS’ EQUITY
    
Repurchases of Common Stock. In February 2018, Acacia’s Board of Directors authorized the repurchase of up to $20,000,000 of the Company’s outstanding common stock in open market purchases or private purchases, from time to time, in amounts and at prices to be determined by the Board of Directors at its discretion (the “Stock Repurchase Program”). In determining whether or not to repurchase any shares of Acacia’s common stock, Acacia’s Board of Directors consider such factors as the impact of the repurchase on Acacia’s cash position, as well as Acacia’s capital needs and whether there is a better alternative use of Acacia’s capital. Acacia has no obligation to repurchase any amount of its common stock under the Stock Repurchase Program. Repurchases to date were made in the open market in compliance with applicable SEC rules. The authorization to repurchase shares presented an opportunity to reduce the outstanding share count and enhance stockholder value. The repurchased shares are expected to be retired. Monthly stock repurchases for the periods presented, all of which were purchased as part of a publicly announced plan or program, were as follows:
 
Total Number of Shares Purchased
Average Price paid per Share
Approximate Dollar Value of
Shares that May Yet be
Purchased under the Program
Plan Expiration
 
 
 
 
 
May 1, 2018- May 30, 2018
1,190,420

$
3.89

$
15,366,000

February 28, 2019
Totals for 2018
1,190,420

$
3.89

 
 


Tax Benefits Preservation Plan. On March 15, 2016, Acacia’s Board of Directors announced that it unanimously approved the adoption of a Tax Benefits Preservation Plan (the “Plan”). The purpose of the Plan is to protect the Company’s ability to utilize potential tax assets, such as net operating loss carryforwards (“NOLs”) and tax credits to offset potential future taxable income.

The Plan is designed to reduce the likelihood that the Company will experience an ownership change by discouraging any (i) person or group from acquiring beneficial ownership of 4.9% or more of the Company’s outstanding common stock and (ii) any existing shareholders who, as of the time of the first public announcement of the adoption of the Plan, beneficially own more than 4.9% of the Company’s then-outstanding shares of the Company’s common stock from acquiring additional shares of the Company’s common stock (subject to certain exceptions). There is no guarantee, however, that the Plan will prevent the Company from experiencing an ownership change.
    
In connection with the adoption of the Plan, Acacia’s Board of Directors authorized and declared a dividend distribution of one right for each outstanding share of the Company’s common stock to shareholders of record at the close of business on March 16, 2016. On or after the distribution date, each right would initially entitle the holder to purchase one one-thousandth of a share of the Company’s Series A Junior Participating Preferred Stock, $0.001 par value for a purchase price of $15.00. 














F- 19
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



8.  INCOME TAXES
 
Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Current:
 
 
 
 
Federal
 
$
—

 
$
—

State                                                    
 
87

 
90

Foreign
 
1,092

 
2,865

Total current
 
1,179

 
2,955

Deferred:
 
 
 
 
Federal
 
—

 
—

State                                             
 
—

 
—

Total deferred
 
—

 
—

Provision for income taxes
 
$
1,179

 
$
2,955



The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Deferred tax assets:
 
 
 
 
Net operating loss and capital loss carryforwards and credits
 
$
104,862

 
$
90,871

Unrealized loss on investments held at fair value
 
2,455

 
—

Stock compensation
 
1,365

 
2,635

Fixed assets and intangibles
 
3,330

 
6,197

Basis of investments in affiliates
 
286

 
984

Accrued liabilities and other
 
208

 
167

State taxes
 
26

 
35

Total deferred tax assets
 
112,532

 
100,889

Valuation allowance
 
(112,532
)
 
(90,278
)
Total deferred tax assets, net of valuation allowance
 
—

 
10,611

Deferred tax liabilities:
 
 
 
 
Unrealized gain on investments held at fair value
 
—

 
(10,587
)
Other
 
(18
)
 
(24
)
Total deferred tax liabilities
 
(18
)
 
(10,611
)
Net deferred tax assets (liabilities)
 
$
(18
)
 
$
—
















F- 20
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows:
 
 
2018
 
2017
 
 
 
 
 
Statutory federal tax rate - (benefit) expense
 
21
 %
 
35
 %
State income and foreign taxes, net of federal tax effect
 
(1
)%
 
8
 %
Foreign tax credit
 
—
 %
 
—
 %
Noncontrolling interests in operating subsidiaries
 
—
 %
 
1
 %
Nondeductible permanent items
 
(1
)%
 
3
 %
Change in tax rate
 
—
 %
 
102
 %
Valuation allowance
 
(20
)%
 
(137
)%
 
 
(1
)%
 
12
 %


For the periods presented, the Company recorded full valuation allowances against its net deferred tax assets due to uncertainty regarding future realization pursuant to guidance set forth in ASC 740, “Income Taxes.” In future periods, if the Company determines it will more likely than not be able to realize certain of these amounts, the applicable portion of the benefit from the release of the valuation allowance will generally be recognized in the statements of operations in the period the determination is made.

At December 31, 2018, Acacia had U.S. federal and state income tax net operating loss carryforwards (“NOLs”) totaling approximately $222,861,000 and $19,471,000, expiring between 2026 and 2038, and 2028 and 2038, respectively. Capital loss carryovers totaled $19,952,000 at December 31, 2018, expiring between 2019 and 2023.

As of December 31, 2018, Acacia had approximately $51,508,000 of foreign tax credits, expiring between 2020 and 2026. In general, foreign taxes withheld may be claimed as a deduction on future U.S. corporate income tax returns, or as a credit against future U.S. income tax liabilities, subject to certain limitations.
  
Tax expense for the periods presented primarily reflects foreign taxes withheld on revenue agreements executed with licensees in foreign jurisdictions and other state taxes. Excluding the impact of the change in valuation allowance and the impact of the federal tax rate change under the change in tax law described below, annual effective tax rates were 19% and 47% for fiscal years 2018 and 2017, respectively. Results for fiscal year 2018 included an unrealized loss on Acacia’s investment in Veritone which created a deferred tax asset totaling approximately $2,455,000. Results for fiscal year 2017 included an unrealized gain on Acacia’s investment in Veritone which created a deferred tax liability totaling approximately $10,587,000. The 2017 deferred tax liability was reversed in fiscal year 2018 as a result of the 2018 unrealized loss on Acacia’s investment in Veritone and the realized loss on the sale of Veritone common stock. The effective tax rate reflects both the recognition of the deferred tax liability and the reversal of the valuation allowance.

Effective January 1, 2017, the Company adopted a new standard that requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. The adoption of this standard resulted in the Company recognizing gross federal and state deferred tax assets of $21,350,000 and $1,559,000, respectively, for the year ended December 31, 2017 related to the impact of share-based payments to employees in prior periods. These deferred tax assets are fully offset by a valuation allowance and were impacted by the change in tax rate described below.

Acacia is subject to taxation in the U.S. and in various state jurisdictions and incurs foreign tax withholdings on revenue agreements with licensees in certain foreign jurisdictions. With no material exceptions, Acacia is no longer subject to U.S. federal or state examinations by tax authorities for years before 2011. The California Franchise Tax Board is auditing the 2011 through 2016 California combined income tax returns. The California Franchise Tax Board has proposed adjustments for 2011 and 2012 that, if expensed, would not be material to the consolidated statements of operations for the periods presented. We have protested these adjustments.
 
At December 31, 2018 and 2017, the Company had total unrecognized tax benefits of approximately $808,000. No interest and penalties have been recorded for the unrecognized tax benefits for the periods presented. At December 31, 2017, if recognized, approximately $808,000 of tax benefits, net of valuation allowance, would impact the Company’s effective tax rate. The Company does not expect that the liability for unrecognized tax benefits will change significantly within the next 12 months.


F- 21
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Acacia recognizes interest and penalties with respect to unrecognized tax benefits in income tax expense. Acacia has identified no uncertain tax position for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within 12 months.

On December 22, 2017, new U.S. tax legislation was enacted that has significantly changed the U.S. federal income taxation of U.S. corporations, including by reducing the U.S. corporate income tax rate to 21%, revising the rules governing net operating losses and foreign tax credits, and introducing new anti-base erosion provisions. For the year ended December 31, 2017, we reflected a write-down of our deferred income tax assets (including the value of our net operating loss carryforwards and our tax credit carryforwards) due the reduction of the U.S. corporate income tax rate and recorded a reduction of approximately $25,261,000 related to the revaluation of our deferred tax assets. This amount was not adjusted during the year ended December 31, 2018. Given the full valuation allowance provided for net deferred tax assets as of December 31, 2018 and 2017, the change in tax law did not have a material impact on our consolidated financial statements.
     

9.  EQUITY-BASED INCENTIVE PLANS

Stock-Based Incentive Plans

The 2013 Acacia Research Corporation Stock Incentive Plan (“2013 Plan”) and the 2016 Acacia Research Corporation Stock Incentive Plan (“2016 Plan”) (collectively, the “Plans”) were approved by the stockholders of Acacia in May 2013 and June 2016, respectively. All Plans allow grants of stock options, stock awards and performance shares with respect to Acacia common stock to eligible individuals, which generally includes directors, officers, employees and consultants. Except as noted below, the terms and provisions of the Plans are identical in all material respects.

Acacia’s compensation committee administers the discretionary option grant and stock issuance programs. The compensation committee determines which eligible individuals are to receive option grants or stock issuances under those programs, the time or times when the grants or issuances are to be made, the number of shares subject to each grant or issuance, the status of any granted option as either an incentive stock option or a non-statutory stock option under the federal tax laws, the vesting schedule to be in effect for the option grant or stock issuance and the maximum term for which any granted option is to remain outstanding. The exercise price of options is generally equal to the fair market value of Acacia’s common stock on the date of grant. Options generally begin to be exercisable six months to one year after grant and generally expire seven to ten years after grant. Stock options with time-based vesting generally vest over two to three years and restricted shares with time based vesting generally vest in full after two to three years (generally representing the requisite service period). The Plans terminate no later than the tenth anniversary of the approval of the incentive plans by Acacia’s stockholders.
 
The Plans provide for the following separate programs:
 
•
Discretionary Option Grant Program. Under the discretionary option grant program, Acacia’s compensation committee may grant (1) non-statutory options to purchase shares of common stock to eligible individuals in the employ or service of Acacia or its subsidiaries (including employees, non-employee board members and consultants) at an exercise price not less than 85% of the fair market value of those shares on the grant date, and (2) incentive stock options to purchase shares of common stock to eligible employees at an exercise price not less than 100% of the fair market value of those shares on the grant date (not less than 110% of fair market value if such employee actually or constructively owns more than 10% of Acacia’s voting stock or the voting stock of any of its subsidiaries).

•
Stock Issuance Program. Under the stock issuance program, eligible individuals may be issued shares of common stock directly, upon the attainment of performance milestones or the completion of a specified period of service or as a bonus for past services. Under this program, the purchase price for the shares shall not be less than 100% of the fair market value of the shares on the date of issuance, and payment may be in the form of cash or past services rendered. The eligible individuals shall have full stockholder rights with respect to any shares of Common Stock issued to them under the Stock Issuance Program, whether or not their interest in those shares is vested. Accordingly, the eligible individuals shall have the right to vote such shares and to receive any regular cash dividends paid on such shares.

•
Automatic Option Grant Program. Through fiscal year 2016, each non-employee director received restricted stock units or stock options for the number of shares determined by dividing the annual retainer by the grant date fair value of Acacia’s common stock on the grant date. In addition, each new non-employee director received restricted

F- 22
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

stock units or stock options for the number of shares determined by dividing the annual board of directors retainer by the grant date fair value of Acacia’s common stock on the commencement date. These restricted stock units and stock options vested in a series of twelve quarterly installments over the three year period following the grant date, subject to immediate acceleration upon a change in control. Acacia will deliver the unrestricted shares corresponding to the vested restricted stock units within thirty (30) days after the first to occur of the following events: (i) the fifth (5th) anniversary of the grant date; or (ii) termination of the non-employee director’s service as a member of the Company’s Board of Directors. The non-employee directors do not have any rights, benefits or entitlements with respect to any shares unless and until the shares have been delivered.

The number of shares of Common Stock initially reserved for issuance under the 2013 Plan was 4,750,000 shares. No new additional shares will be added to the 2013 Plan without security holder approval (except for shares subject to outstanding awards that are forfeited or otherwise returned to the 2013 Plan). The stock issuable under the 2013 Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. In June 2016, 625,390 shares of common stock available for issuance under the 2013 Plan were transferred into the 2016 Plan. At December 31, 2018, there were 709,000 shares available for grant under the 2013 Plan.

The number of shares of Common Stock initially reserved for issuance under the 2016 Plan was 4,500,000 shares plus 625,390 shares of common stock available for issuance under the 2013 Plan, as of the effective date of the Plan. At December 31, 2018, there were 3,689,000 shares available for grant under the 2016 Plan.

Upon the exercise of stock options, the granting of restricted stock, or the delivery of shares pursuant to vested restricted stock units, it is Acacia’s policy to issue new shares of common stock. Acacia’s board of directors may amend or modify the Plans at any time, subject to any required stockholder approval. As of December 31, 2018, there are 7,938,000 shares of common stock reserved for issuance under the Plans.

Stock-based award grant activity for the periods presented was as follows:
 
 
2018
 
2017
 
 
Shares
 
Aggregate fair value (in thousands)
 
Shares
 
Aggregate fair value (in thousands)
Restricted stock awards with time-based service conditions
 
102,000

 
$
386

 
—

 
$
—

Stock options with time-based service vesting conditions
 
930,000

 
1,588

 
1,368,000

 
2,930

Total incentive awards granted
 
1,032,000

 
$
1,974

 
1,368,000

 
$
2,930



The following table summarizes stock option activity for the Plans for the year ended December 31, 2018:
 
 
 
 
Weighted-Average
 
 
 
 
Options
 
Exercise
Price
 
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2017
 
5,830,000

 
$
5.13

 
 
 
 
Granted
 
930,000

 
$
3.91

 
 
 
 
Exercised
 
(83,000
)
 
$
3.12

 
 
 
 
Expired/forfeited
 
(3,168,000
)
 
$
5.00

 
 
 
 
Outstanding at December 31, 2018
 
3,509,000

 
$
4.96

 
4.1 years
 
$
—

Vested
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—

Exercisable at December 31, 2018
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—


 
The aggregate intrinsic value of options exercised during the years ended December 31, 2018 and 2017 was $51,000 and $296,000, respectively. The aggregate intrinsic value of options vested during the year ended December 31, 2018 was $0. The aggregate fair value of options granted during the year ended December 31, 2018 was $1,588,000. The aggregate fair value of options vested during the years ended December 31, 2018 and 2017 was $1,918,000 and $2,009,000, respectively.  As of December 31, 2018, the total unrecognized compensation expense related to nonvested stock option awards was $844,000, which is expected to be recognized over a weighted-average term of approximately 1 year.


F- 23
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table summarizes nonvested restricted share activity for the year ended December 31, 2018:
 
 
Nonvested
Restricted Shares
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock at December 31, 2017
 
123,000

 
$
4.77

Granted
 
102,000

 
$
3.79

Vested
 
(225,000
)
 
$
4.32

Canceled
 
—

 
$
—

Nonvested restricted stock at December 31, 2018
 
—

 
$
—


 
The weighted-average grant date fair value of nonvested restricted stock granted during the years ended December 31, 2018 and 2016 was $3.79 and $3.12, respectively.  There were no grants of restricted stock during the year ended December 31, 2017. The aggregate fair value of restricted stock that vested during the years ended December 31, 2018 and 2017 was $972,000 and $1,560,000, respectively. As of December 31, 2018, there was no unrecognized compensation expense related to nonvested restricted stock awards.
 
The following table summarizes restricted stock unit activity for the year ended December 31, 2018:
 
 
Restricted
Stock Units
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock units outstanding at December 31, 2017
 
2,000

 
$
16.72

Vested
 
(2,000
)
 
$
16.72

Nonvested restricted stock units outstanding at December 31, 2018
 
—

 
$
—

Vested restricted stock units outstanding at December 31, 2018
 
31,000

 
$
15.43


 
There were no restricted units granted during the years ended December 31, 2018 and 2017. The aggregate fair value of restricted stock units that vested during the years ended December 31, 2018 and 2017 was $40,000 and $200,000, respectively. As of December 31, 2018, there was no unrecognized compensation expense related to restricted stock unit awards.
    
Profits Interest Plan

On February 16, 2017, AIP Operation LLC, a Delaware limited liability company (“AIP”), and an indirect subsidiary of Acacia, adopted a Profits Interest Plan (the “Plan”) that provides for the grant of membership interests in AIP to certain members of management and the Board of Directors of Acacia as compensation for services rendered for or on behalf of AIP. Each profits interest unit granted pursuant to the Plan is intended to qualify as a “profits interest” for U.S. federal income tax purposes and will only have value to the extent the fair value of AIP increases beyond the fair value at the issuance date of the membership interests. The membership interests are represented by units (the “Units”) reserved for the issuance of awards under the Plan. The Units entitle the holders to share in or be allocated certain AIP profits and losses and to receive or share in AIP distributions pursuant to the AIP Limited Liability Company Operating Agreement entered into as of February 16, 2017 (the “LLC Agreement”). In connection with the adoption of the Plan, a form of Profits Interest Agreement was approved pursuant to which Units may be granted from time to time. Units vest upon AIP’s achievement of certain performance milestones (one-third upon 150% appreciation, and the remaining two-thirds upon 300% appreciation in value of Acacia’s aggregate investment in Veritone), subject to the continued service of the recipient, and are subject to the terms and conditions of the Plan, the Profits Interest Agreement and the LLC Agreement. The Units were fully vested in September 2017.

Acacia owns 60% of the membership interests in AIP and at all times will control AIP. Acacia from time to time may contribute to AIP certain assets or securities related to portfolio companies in which Acacia holds an interest. Units may be awarded as one-time, discretionary grants to recipients. As of December 31, 2018, AIP holds the Veritone 10% Warrant described at Note 6.

Profits interests totaling 400 Units, or 40% of the membership interests in AIP, were granted in February 2017, with an aggregate grant date fair value of $722,000. The fair value of the Units totaled $591,000 as of December 31, 2018. Upon full vesting of the units in September 2017, all previously unrecognized compensation expense was immediately recognized.


F- 24
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Compensation expense for the periods presented was comprised of the following:
 
 
2018
 
2017
 
 
 
 
 
Restricted stock awards with time-based service conditions
 
$
460

 
$
1,025

Restricted stock unit awards with time-based service conditions
 
1

 
161

Restricted stock awards with performance-based vesting conditions
 
—

 
121

Stock options with time-based service vesting conditions
 
1,672

 
2,165

Stock options with market-based vesting conditions
 
—

 
2,372

Profits interests units
 
(2,450
)
 
3,041

Total compensation expense
 
$
(317
)
 
$
8,885



    
10.  COMMITMENTS AND CONTINGENCIES

Operating Leases

Acacia leases certain office space under various operating lease agreements expiring at various dates from 2019 through 2020. Minimum annual rental commitments, net of guaranteed sublease income, for operating leases having initial or remaining noncancellable lease terms in excess of one year are as follows (in thousands):
 
Years ending December 31,
 
2019
$
599

2020
89

Total minimum lease payments
$
688


 
Rent expense for the years ended December 31, 2018 and 2017 approximated $1,106,000 and $1,392,000, respectively. Rental payments are expensed in the statements of operations in the period to which they relate. Scheduled rent increases are amortized on a straight-line basis over the lease term. During the year ended December 31, 2018, we recorded a one-time charge of $629,000 for the excess of lease payments over anticipated sublease income through expiration of the lease.
 
Inventor Royalties and Contingent Legal Expenses

In connection with the investment in certain patents and patent rights, certain of Acacia’s operating subsidiaries executed related agreements which grant to the former owners of the respective patents or patent rights, the right to receive inventor royalties based on future net revenues (as defined in the respective agreements) generated as a result of licensing and otherwise enforcing the respective patents or patent portfolios.

Acacia’s operating subsidiaries may retain the services of law firms that specialize in patent licensing and enforcement and patent law in connection with their licensing and enforcement activities. These law firms may be retained on a contingent fee basis whereby such law firms are paid on a scaled percentage of any negotiated fees, settlements or judgments awarded based on how and when the fees, settlements or judgments are obtained.
  
Patent Enforcement

    Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights.  In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions.  In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material.

Other

On June 17, 2015, Celltrace Communications Ltd. (“Celltrace”) filed a lawsuit against Acacia in U.S. District Court for the Southern District of New York, Case No. 1:15-cv-04746, alleging, among other things, significant damages for alleged breach of contract, unjust enrichment and fraud.  Acacia disputes the allegations and does not believe that Celltrace is entitled to any damages.  Acacia successfully moved to compel arbitration of the dispute, and the District Court stayed the litigation

F- 25
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

pending arbitration before the International Court of Arbitration for the International Chamber of Commerce (the “ICC”).  Celltrace appealed the decision to the U.S. Court of Appeals for the Second Circuit, which denied the appeal.  Celltrace filed its request for arbitration of the claims with the ICC on November 28, 2016.  Acacia filed an answer denying all allegations of wrongdoing and asserting affirmative defenses.  A tribunal was appointed to preside over the arbitration and conducted its first case management conference on June 26, 2017.  The parties conducted discovery and submitted their cases in chief to the tribunal in a series of written submissions per the tribunal’s orders between January 2018 and December 2018.  The tribunal held an evidentiary hearing with live witness testimony in New York City between February 4, 2019 and February 13, 2019.  At the end of the hearing, the tribunal set a schedule for post-hearing briefing by the parties, which is currently scheduled to conclude in April 2019, after which the tribunal will render a decision.  Acacia continues to vigorously contest all allegations of wrongdoing.

On December 6, 2017, the Federal Court of Canada allowed a counterclaim for invalidity of a patent asserted by Rapid Completions LLC and awarded costs payable by Rapid Completions LLC in an amount to be determined.


Acacia is subject to claims, counterclaims and legal actions that arise in the ordinary course of business. Management believes that the ultimate liability with respect to these claims and legal actions, if any, will not have a material effect on Acacia’s consolidated financial position, results of operations or cash flows. Fiscal year 2018 operating expenses included expenses for settlement and contingency accruals totaling $2,602,000, net of prior accruals.
Guarantees and Indemnifications

Certain of Acacia’s operating subsidiaries have made guarantees and indemnities under which they may be required to make payments to a guaranteed or indemnified party, in relation to certain transactions, including revenue transactions in the ordinary course of business. In connection with certain facility leases, Acacia and certain of its operating subsidiaries have indemnified lessors for certain claims arising from the facilities or the leases. Acacia indemnifies its directors and officers to the maximum extent permitted under the laws of the State of Delaware. However, Acacia has a directors and officers insurance policy that may reduce its exposure in certain circumstances and may enable it to recover a portion of future amounts that may be payable, if any. The duration of the guarantees and indemnities varies and, in many cases is indefinite but subject to statute of limitations. The majority of guarantees and indemnities do not provide any limitations of the maximum potential future payments that Acacia could be obligated to make. To date, Acacia has made no payments related to these guarantees and indemnities. Acacia estimates the fair value of its indemnification obligations to be insignificant based on this history and therefore, have not recorded any liability for these guarantees and indemnities in the accompanying consolidated balance sheets. Additionally, no events or transactions have occurred that would result in a material liability at December 31, 2018.

Other

In August 2010, a wholly owned subsidiary of Acacia became the general partner of the Acacia IP Fund, which was formed in August 2010. The Acacia IP Fund invests in, licenses and enforces IP consisting primarily of patents, patent rights, and patented technologies. The Acacia IP Fund was terminated as of December 31, 2017. The final distribution to the partners of the Acacia IP Fund will be made in 2019.


11.  RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY

Retirement Savings Plan.  Acacia has an employee savings and retirement plan under section 401(k) of the Code (the “Plan”). The Plan is a defined contribution plan in which eligible employees may elect to have a percentage of their compensation contributed to the Plan, subject to certain guidelines issued by the Internal Revenue Service. Acacia may contribute to the Plan at the discretion of the board of directors. There were no contributions made by Acacia during the periods presented.

Executive Severance Policy.  Under Acacia’s Amended Executive Severance Policy, full-time employees as of July 2017 and prior with the title of Senior Vice President and higher (“SVP and higher”) are entitled to receive certain benefits upon termination of employment. If employment of an SVP and higher employee is terminated for other than cause or other than on account of death or disability, Acacia will (i) promptly pay to the SVP and higher employee a lump sum amount equal to the aggregate of (a) accrued obligations (i.e., annual base salary through the date of termination to the extent not theretofore paid and any compensation previously deferred (together with any accrued interest or earnings thereon) and any accrued vacation pay, and reimbursable expenses, in each case to the extent not theretofore paid) and (b) three (3) months of base salary

F- 26
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

for each full year that the SVP and higher employee was employed by the Company (the “Severance Period”), up to a maximum of twelve (12) months (eighteen (18) months for executive officers of Acacia Research Corporation) of base salary, and (ii) provide to the SVP and higher employee, Acacia paid COBRA coverage for the medical and dental benefits selected in the year in which the termination occurs, for the duration of the Severance Period. Results for the year ended December 31, 2018 and 2017 include $2,458,000 and $1,421,000 in benefits paid under the executive severance policy.


12.  SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for state income taxes totaled $140,000 and $181,000 for the years ended December 31, 2018 and 2017, respectively. Foreign taxes withheld totaled $1,093,000 and $2,865,000 for the years ended December 31, 2018 and 2017, respectively. Refer to Note 4 for accrued foreign taxes payable.

Refer to Note 6 for information regarding noncash investing activity related to the investment in Veritone for the periods presented.


13.  RECENT ACCOUNTING PRONOUNCEMENTS
 
Recent Accounting Pronouncements - Recently Adopted.

In May 2014, the FASB issued a new accounting standards update addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under the standard, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. In doing so, the Company is required to use more judgment and make more estimates in connection with the accounting for revenue contracts with customers than under previous guidance, as described in Note 2. Under the standard, (i) an entity should account for a promise to provide a customer with a right to access the entity’s IP as a performance obligation satisfied over time because the customer will simultaneously receive and consume the benefit from the entity’s performance of providing access to its IP as the performance occurs, and (ii) an entity’s promise to provide a customer with the right to use its IP is satisfied at a point in time. In addition, revenues from contracts with significant financing components should be recognized at an amount that reflects the price that a customer would have paid if the customer had paid cash for the goods or services when they transfer to the customer (i.e. adjustment for the time value of money). For sales and usage based royalties, the new standard requires that the Company include in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.

The Company used the modified retrospective method of adoption and recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings on January 1, 2018. Comparative prior year periods were not adjusted. The new accounting standard was applied to all contracts at the date of initial application. The cumulative effect of applying the new revenue standard, primarily relating to financing components of contracts executed in prior periods and estimates of variable consideration for sales and usage based royalty agreements executed in prior periods, was as follows (in thousands):
 
 
Balance at December 31, 2017
 
Adjustments Due to ASC 606
 
Balance at January 1, 2018
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
153

 
$
4,542

 
$
4,695

Royalties and contingent legal fees payable
 
1,601

 
1,728

 
3,329

Accumulated deficit
 
(320,018
)
 
2,506

 
(317,512
)
Noncontrolling interests
 
1,358

 
308

 
1,666



The impact of the adoption of the new accounting standard on the condensed consolidated balance sheet and statement of operations was as follows (in thousands):

F- 27




 
 
December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
32,884

 
$
28,500

 
$
4,384

Royalties and contingent legal fees payable
 
22,688

 
20,404

 
2,284

 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Statements of Operations:
 
 
 
 
 
 
Revenues
 
$
131,506

 
$
131,723

 
$
217

Inventor royalties
 
$
35,168

 
$
34,295

 
$
(873
)
Contingent legal fees
 
$
31,501

 
$
32,020

 
$
519



In May 2017, the FASB issued amended guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions or the classification of the award changes as a result of the change in terms or conditions. This amendment is effective prospectively for annual periods beginning on or after December 15, 2017. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Recent Accounting Pronouncements - Not Yet Adopted.

In February 2016, the FASB issued an accounting standard update which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company has two leases with terms that extend beyond 12 months at December 31, 2018. Both leases have guaranteed sublease income through the termination of the lease. Management does not believe that the impact that adopting this new accounting guidance will have a material effect on its financial statements and footnote disclosures and expects to adopt the new standard effective January 1, 2019.

14.  FAIR VALUE DISCLOSURES

Acacia holds the following types of financial instruments at December 31, 2018 and 2017.

Trading securities - debt. Debt securities includes corporate bonds with fair value that is determined by third party quotations from outside pricing services and/or computerized pricing models, which may be based on transactions, bids or estimates. Acacia classifies the fair value of corporate bonds within Level 2 of the valuation hierarchy.
    
Trading securities - equity. Equity securities includes investments in public companies common stock and are recorded at fair value based on the quoted market price of each share on the valuation date. The fair value of these securities are within Level 1 of the valuation hierarchy.

Investments at fair value - common stock. Acacia’s equity investment in Veritone common stock is recorded at fair value based on the quoted market price of Veritone’s common stock on the applicable valuation date. The fair value at December 31, 2017 was adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares under a lock-up agreement at December 31, 2017 (Level 3 input). At December 31, 2018, there were no restrictions on the common shares and the investment in common shares was transfered from Level 3 to Level 1.

Investments at fair value - warrants. Warrants are recorded at fair value, as based on the Black-Scholes option-pricing model (Level 2). Warrants on securities under a lock-up agreement are adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares (Level 3).


F- 28




Profits interests. For the year ended December 31, 2018, the fair value of the Units was estimated at 40% of the fair value of the 10% Warrant, based on the Black-Scholes option-pricing model (Level 2). For the year ended December 31, 2017, the fair value of the Units was estimated based on probable vesting dates and values for the applicable instruments (i.e. common stock and warrants related to Acacia’s Veritone investment described at Note 6) underlying or associated with the Units (Level 3).


15.  RELATED PARTY TRANSACTIONS

During the year ended December 31, 2018, the Company paid $976,000 in expenses related to the reimbursement of costs incurred by Sidus Investment Management, LLC (“Sidus”) on behalf of the participants (together with Sidus, the “Participants”) named in the proxy statement filed on June 7, 2018 by the Participants, in connection with a contested proxy election. These expenses are included in general and administrative expenses on the consolidated statements of operations.  Alfred V. Tobia, Jr. and Clifford Press are related parties as each of them are Participants and members of the Company’s Board of Directors.  In addition, Sidus is a related party as Mr. Tobia is a Co-Founder and Managing Member at Sidus.


 


F- 29
ACACIA RESEARCH CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

16.  QUARTERLY FINANCIAL DATA (unaudited)
The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended December 31, 2018. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.
 
 
Quarter Ended
 
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
 
2018
 
2018
 
2018
 
2018
 
2017
 
2017
 
2017
 
2017
 
 
(Unaudited, in thousands, except share and per share information)
Revenues
 
$
62,093

 
$
6,485

 
$
13,725

 
$
49,203

 
$
8,854

 
$
16,457

 
$
36,633

 
$
3,458

Portfolio operations:
 
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 
Inventor royalties
 
21,744

 
1,241

 
1,181

 
11,002

 
666

 
4,273

 
—

 
13

Contingent legal fees
 
15,759

 
1,037

 
2,949

 
11,756

 
627

 
3,236

 
12,173

 
646

Patent acquisition expenses
 
4,000

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Litigation and licensing expenses - patents
 
2,989

 
2,639

 
1,549

 
1,689

 
6,386

 
4,134

 
4,073

 
3,626

Amortization of patents
 
5,330

 
5,278

 
4,952

 
11,560

 
5,515

 
5,571

 
5,625

 
5,443

Impairment of patent-related intangible assets
 
—

 
28,210

 
—

 
—

 
—

 
—

 
2,248

 
—

Other portfolio expenses
 
—

 
—

 
2,202

 
400

 
—

 
—

 
—

 
1,200

Total portfolio operations
 
49,822

 
38,405

 
12,833

 
36,407

 
13,194

 
17,214

 
24,119

 
10,928

Net revenue (loss)
 
12,271

 
(31,920
)
 
892

 
12,796

 
(4,340
)
 
(757
)
 
12,514

 
(7,470
)
General and administrative expenses (including non-cash stock compensation expense)
 
3,301

 
6,916

 
5,855

 
2,778

 
7,236

 
7,167

 
12,956

 
(140
)
Operating income (loss)
 
8,970

 
(38,836
)
 
(4,963
)
 
10,018

 
(11,576
)
 
(7,924
)
 
(442
)
 
(7,330
)
Total other income (expense)
 
(40,890
)
 
10,615

 
(27,595
)
 
(20,988
)
 
696

 
(4,862
)
 
159,027

 
(102,950
)
Income (loss) before provision for income taxes
 
(31,920
)
 
(28,221
)
 
(32,558
)
 
(10,970
)
 
(10,880
)
 
(12,786
)
 
158,585

 
(110,280
)
Provision for income taxes
 
(191
)
 
(285
)
 
(306
)
 
(397
)
 
(1,241
)
 
(1,478
)
 
(216
)
 
(20
)
Net income (loss) including noncontrolling interests
 
(32,111
)
 
(28,506
)
 
(32,864
)
 
(11,367
)
 
(12,121
)
 
(14,264
)
 
158,369

 
(110,300
)
Net (income) loss attributable to noncontrolling interests in subsidiaries
 
73

 
79

 
(331
)
 
(2
)
 
291

 
12

 
96

 
97

Net income (loss) attributable to Acacia Research Corporation
 
$
(32,038
)
 
$
(28,427
)
 
$
(33,195
)
 
$
(11,369
)
 
$
(11,830
)
 
$
(14,252
)
 
$
158,465

 
$
(110,203
)
Net income (loss) per common share attributable to Acacia Research Corporation:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic and diluted income (loss) per share
 
$
(0.63
)
 
$
(0.57
)
 
$
(0.67
)
 
$
(0.23
)
 
$
(0.24
)
 
$
(0.28
)
 
$
3.13

 
$
(2.18
)
Weighted-average number of shares outstanding, basic
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,554,234

 
50,590,460

Weighted-average number of shares outstanding, diluted
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,599,974

 
50,590,460



F- 30
 EX-4.1 2 actgex41123118.htm EXHIBIT 4.1 Exhibit






ACACIA RESEARCH CORPORATION
 
and
 
COMPUTERSHARE TRUST COMPANY, N.A
 
as Rights Agent
 
TAX BENEFITS PRESERVATION PLAN
 
Dated as of March 16, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 














 
 






 
 
 
 
 

 
 




TABLE OF CONTENTS
 
 
Page
 
 
Section 1 Certain Definitions.
1
Section 2 Appointment of Rights Agent
6
Section 3 Issuance of Rights Certificates.
 6
Section 4 Form of Rights Certificates.
 8
Section 5 Countersignature and Registration.
 9
Section 6 Transfer, Split Up, Combination and Exchange of Rights Certificates; Mutilated,
 
Destroyed, Lost or Stolen Rights Certificates.
9
Section 7 Exercise of Rights; Purchase Price; Expiration Date of Rights.
10
Section 8 Cancellation and Destruction of Rights Certificates
12
Section 9 Reservation and Availability of Capital Stock.
 13
Section 10 Preferred Stock Record Date
14
Section 11 Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights
14
Section 12 Certificate of Adjusted Purchase Price or Number of Shares
20
Section 13 Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power.
21
Section 14 Fractional Rights and Fractional Shares.
22
Section 15 Rights of Action
23
Section 16 Agreement of Rights Holders
24
Section 17 Rights Certificate Holder Not Deemed a Stockholder
24
Section 18 Concerning the Rights Agent
25
Section 19 Merger or Consolidation or Change of Name of Rights Agent.
25
Section 20 Rights and Duties of Rights Agent
26
Section 21 Change of Rights Agent
28
Section 22 Issuance of New Rights Certificates
29
Section 23 Redemption and Termination.
 29
Section 24 Exchange.
30
Section 25 Notice of Certain Events.
31
Section 26 Notices
32
Section 27 Supplements and Amendments
32
Section 28 Successors
33
Section 29 Determinations and Actions by the Board, etc
33
Section 30 Benefits of this Agreement
33
Section 31 Severability
33
Section 32 Governing Law
34
Section 33 Counterparts
34
Section 34 Descriptive Headings; Interpretation.
34
Section 35 Force Majeure
34
 







 
 
 




EXHIBITS
 
Exhibit A --
Form of Certificate of Designation, Preferences and Rights of Participating Preferred Stock
 
 
Exhibit B --
Form of Rights Certificate
 
 
Exhibit C --
Summary of Terms
 
 
 
 
 
 
 
 
 
 
 






























 
 
 
 
 
 
 
 




TAX BENEFITS PRESERVATION PLAN
 
TAX BENEFITS PRESERVATION PLAN, dated as of March 16, 2019 (the “Agreement”), between Acacia Research Corporation., a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”).
 
WITNESSETH:
 
WHEREAS, the Company and certain of its Subsidiaries have generated certain Tax Benefits (as hereinafter defined) for United States federal income tax purposes, such Tax Benefits may potentially provide valuable benefits to the Company, the Company desires to avoid an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulations (as hereinafter defined) promulgated thereunder, and thereby preserve its ability to utilize such Tax Benefits, and, in furtherance of such objective, the Company desires to enter into this Agreement.
 
WHEREAS, on March 12, 2019, the Board of Directors of the Company (the “Board”) authorized and declared a dividend of one preferred stock purchase right (a “Right”) for each share of Common Stock (as defined below) outstanding at the close of business (as defined below) on March 16, 2019 (the “Record Date”) and authorized the issuance, upon the terms and subject to the conditions herein, of one Right (subject to adjustment) in respect of each share of Common Stock issued after the Record Date, each Right representing the right to purchase, upon the terms and subject to the conditions herein, one one-thousandth (subject to adjustment) of a share of Preferred Stock (as defined below);
 
NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:
 
Section 1 Certain Definitions.
 
For purposes of this Agreement, the following terms have the meanings indicated:
 
(a) “Acquiring Person” shall mean any Person who or which, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 4.9% or more of the shares of Common Stock then outstanding, but shall not include:
 
(i)               the Company;
 
(ii)             any Subsidiary of the Company;
 
(iii)           any employee benefit plan of the Company, or of any Subsidiary of the Company, or any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan;
 
(iv)           any Person who or which becomes the Beneficial Owner of 4.9% or more of the shares of Common Stock then outstanding solely as a result of (A) a reduction in the number of shares of Common Stock outstanding due to the repurchase of shares of Common Stock by the Company (or any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan) or (B) a stock dividend, stock split, reverse stock split or similar transaction effected by the Company, in each case unless and until such Person acquires Beneficial Ownership of additional shares of Common Stock, except solely as the result of any subsequent transaction described in clause (A) or (B) of this Section 1(a)(iv);
 
(v)                  any Person who or which, within ten (10) Business Days of being requested by the Company to advise it regarding the same, certifies to the Company that such Person acquired shares of Common Stock in excess of 4.899% inadvertently or without knowledge of the terms of the Rights and who or which, together with all Affiliates and Associates, thereafter within ten (10) Business Days following such certification reduces such Person’s, together with its Affiliates’ and Associates’, Beneficial Ownership to less than 4.9% of the shares of Common Stock then outstanding; provided, however, that (x) if the Person requested to so certify fails to do so within ten (10) Business Days or breaches or violates such certification, then such Person shall become an Acquiring Person immediately after such ten (10) Business Day period or such breach or violation or (y) if the Person together with its Affiliates and Associates fails to reduce Beneficial Ownership to less than 4.9% within ten (10) Business Days following such certification, then such Person shall become an Acquiring Person immediately after such ten (10) Business Day period;
 




(vi)                any Exempt Person, but only for so long as such Exempt Person, together with such Person’s Affiliates and Associates, does not become the Beneficial Owner of any additional shares of Common Stock while such Person is an Exempt Person, except solely as the result of any transaction described in clause (A) or (B) of Section 1(a)(iv);
 
(vii)              any Person that the Board determines, in its sole discretion, in light of the intent and purposes of this Agreement or other circumstances facing the Company, shall not be deemed an Acquiring Person, for so long as such Person complies with any limitations or conditions required by the Board in making such determination; provided, further that such Person shall be an “Acquiring Person” if the Board makes a contrary determination in good faith; and
 
(viii)            any Person if, on the date that would have been (absent this clause viii) a Stock Acquisition Date with respect to such Person, such Person does not Beneficially Own any Common Stock.
 
(b)                  “Act” shall mean the Securities Act of 1933, as amended.
 
(c)                  “Adjustment Shares” shall have the meaning set forth in Section 11(a)(ii) hereof.
 
(d)                  “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Exchange Act and, to the extent not included within the foregoing, shall also include with respect to any Person, any other Person whose shares of Common Stock would be deemed to be constructively owned by such first Person, owned by a single “entity” with respect to such first Person as defined in Section 1.382-3(a)(1) of the Treasury Regulations, or otherwise aggregated with shares owned by such first Person, pursuant to the provisions of Section 382 of the Code and the Treasury Regulations promulgated thereunder.
 
(e)                  “Agreement” shall have the meaning set forth in the preamble to this Agreement.
 
(f)                   A Person shall be deemed the “Beneficial Owner” of, and shall be deemed to “beneficially own”:
 
(i) any securities that such Person or any of such Person’s Affiliates or Associates owns directly or has the right to acquire (whether such right is exercisable immediately, or only after the passage of time, compliance with regulatory requirements, the fulfillment of a condition, or otherwise) pursuant to any agreement, arrangement or understanding, or upon the exercise of conversion rights, exchange rights, other rights, warrants or options, or otherwise; provided, however, that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, (A) any shares of Common Stock by virtue of owning securities or other interests (including rights, options or warrants) that are convertible or exchangeable into, or exercisable for, such shares of Common Stock, except to the extent that upon the issuance, acquisition or transfer of such securities or other interests, such securities or other interests would be treated as exercised under Section 1.382-4(d) or other applicable sections of the Treasury Regulations, (B) securities tendered pursuant to a tender offer or exchange offer made by or on behalf of such Person or any of such Person’s Affiliates or Associates until such tendered securities are accepted for purchase or exchange or (C) securities issuable upon exercise of Rights; 
 
(ii)               any securities that such Person or any of such Person’s Affiliates or Associates (A) directly or indirectly has the right to vote or dispose of, alone or in concert with others, or (B) beneficially owns, directly or indirectly, for purposes of Section 13(d) of the Exchange Act and Rule 13d-3 of the General Rules and Regulations under the Exchange Act, including, with respect to both clause (A) and clause (B), pursuant to any agreement, arrangement or understanding (whether or not in writing), but only if the effect of such agreement, arrangement or understanding is to treat such Persons as an “entity” under Section 1.382-3(a)(1) of the Treasury Regulations; provided that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, any security under this subparagraph (ii) on account of an agreement, arrangement or understanding to vote such security that (X) arises solely from a revocable proxy given to such Person or any of such Person’s Affiliates or Associates in response to a public proxy solicitation made pursuant to and in accordance with the applicable provisions of the General Rules and Regulations under the Exchange Act, and (Y) is not also then reportable on Schedule 13D under the Exchange Act (or any comparable or successor report); and
 
(iii)             any securities that are beneficially owned, directly or indirectly, by any other Person, if such Person or any of such Person’s Affiliates or Associates has any agreement, arrangement or understanding (whether or not in writing) with such other Person or any of such other Person’s Affiliates or Associates for the purpose of acquiring, holding, voting (other than voting pursuant to a revocable proxy as described in the proviso to Section 1(f)(ii) hereof) or disposing of any securities of the Company, but only if the effect of such agreement, arrangement or understanding is to treat such Persons as an “entity” under Section 1.382-3(a)(1) of the Treasury Regulations.
 




Notwithstanding the foregoing, a Person shall be deemed the “Beneficial Owner” of, and shall be deemed to “beneficially own,” securities if such Person would be deemed constructively to own such securities pursuant to Sections 1.382-2T(h) and 1.382-4(d) of the Treasury Regulations, such Person owns such securities pursuant to a “coordinated acquisition” treated as a single “entity” as defined in Section 1.382-3(a)(1) of the Treasury Regulations, or such securities are otherwise aggregated with securities owned by such Person, pursuant to the provisions of Section 382 of the Code and the Treasury Regulations promulgated thereunder.
 
The term “Beneficial Ownership” shall have a corresponding meaning.
 
(g)                “Board” shall have the meaning set forth in the recitals of this Agreement.
 
(h)               “Business Day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the State of New York or New Jersey are authorized or obligated by law or executive order to close. 
 
(i)                 “close of business” on any given date shall mean 5:00 P.M., New York, New York time, on such date; provided, however, that if such date is not a Business Day, it shall mean 5:00 P.M., New York, New York time, on the next succeeding Business Day.
 
(j)                 “Code” shall have the meaning set forth in the recitals to this Agreement.
 
(k)               “Common Stock” shall mean the common stock of the Company of $0.001 par value, except that “Common Stock” when used with reference to any other Person other than the Company shall mean the capital stock of such Person with the greatest voting power, or the equity securities or other equity interest having power to control or direct the management, of such Person (or, if such Person is a Subsidiary of another Person, the Person or Persons that ultimately control such first mentioned Person).
 
(l)                “Common Stock Equivalents” shall have the meaning set forth in Section 11(a)(iii) hereof.
 
(m)             “Company” shall have the meaning set forth in the preamble to this Agreement.
 
(n)               “Current Market Price” shall have the meaning set forth in Section 11(d) hereof.
 
(o)               “Current Value” shall have the meaning set forth in Section 11(a)(iii) hereof.
 
(p)               “Distribution Date” shall have the meaning set forth in Section 3(a) hereof.
 
(q)               “Equivalent Preferred Stock” shall have the meaning set forth in Section 11(b) hereof.
 
(r)                “Exempt Person” shall mean any Person who or which, together with all Affiliates and Associates of such Person, is, as of the Exempt Time, the Beneficial Owner of 4.9% or more of the shares of Common Stock then outstanding. Any Exempt Person who, together with such Person’s Affiliates and Associates, after the Exempt Time becomes the Beneficial Owner of less than 4.9% of the shares of Common Stock then outstanding shall cease to be an Exempt Person and shall be subject to all the provisions of this Agreement in the same manner as any Person who is not and was not an Exempt Person.
 
(s)                “Exempt Time” shall mean the time of the first public announcement of adoption of this Agreement.
 
(t)                “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.
 
(u)               “Exchange Ratio” shall have the meaning set forth in Section 24(a) hereof.
 
(v)               “Expiration Date” shall have the meaning set forth in Section 7(a) hereof.
 
(w)              “Final Expiration Date” shall have the meaning set forth in Section 7(a) hereof.
 
(x)               “NASDAQ” shall have the meaning set forth in Section 11(d)(i) hereof.
 
(y)               “NOLs” shall mean the Company’s net operating loss carryforwards.
 
(z)               “NYSE” shall have the meaning set forth in Section 11(d)(i) hereof.  




 
(aa) “Person” shall mean any individual, firm, corporation, partnership, limited liability company, limited liability partnership, trust, syndicate or other entity, or group of persons making a “coordinated acquisition” of Common Stock or otherwise treated as an “entity” within the meaning of Section 1.382-3(a)(1) of the Treasury Regulations or otherwise, and also includes any successor (by merger or otherwise) of any such individual or entity.
 
(bb) “Preferred Stock” shall mean shares of Series B Junior Participating Preferred Stock, par value $0.001, of the Company having the terms set forth in Exhibit A hereto, and, to the extent that there are not a sufficient number of shares of Series B Junior Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series B Junior Participating Preferred Stock.
 
(cc) “Principal Party” shall have the meaning set forth in Section 13(b) hereof.
 
(dd) “Purchase Price” shall have the meaning set forth in Section 4(a) hereof.
 
(ee) “Record Date” shall have the meaning set forth in the recitals of this Agreement.
 
(ff) “Redemption Price” shall have the meaning set forth in Section 23(a) hereof.
 
(gg) “Rights” shall have the meaning set forth in the recitals of this Agreement.
 
(hh) “Rights Agent” shall have the meaning set forth in the preamble of this Agreement.
 
(ii) “Rights Certificates” shall have the meaning set forth in Section 3(a) hereof.
 
(jj) “Rights Dividend Declaration Date” shall have the meaning set forth in the recitals of this Agreement.
 
(kk) “Section 11(a)(ii) Event” shall mean any event described in Section 11(a)(ii) hereof.
 
(ll) “Section 11(a)(ii) Trigger Date” shall have the meaning set forth in Section 11(a)(iii) hereof.
 
(mm) “Section 13 Event” shall mean any event described in clauses (x), (y) or (z) of Section 13(a) hereof.
 
(nn) “Spread” shall have the meaning set forth in Section 11(a)(iii) hereof.
 
(oo) “Stock Acquisition Date” shall mean the first date of public announcement (which, for purposes of this definition, shall include a report filed or amended pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.
 
(pp) “Subsidiary” shall mean, with reference to any Person, any corporation or other entity of which an amount of securities or other ownership interests having ordinary voting power sufficient to elect at least a majority of the directors or other Persons having similar functions of such corporation or other entity are at the time, directly or indirectly, beneficially owned, or otherwise controlled by such Person.
 
(qq) “Substitution Period” shall have the meaning set forth in Section 11(a)(iii) hereof.
 
(rr) “Tax Benefits” shall mean the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.
 
(ss) “Trading Day” shall have the meaning set forth in Section 11(d)(i) hereof.
 
(tt) “Treasury Regulations” shall mean the final and temporary (but not proposed) tax regulations promulgated under the Code, as such regulations may be amended from time to time.
 
(uu) “Triggering Event” shall mean any Section 11(a)(ii) Event or any Section 13 Event.
 




Section 2 Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company in accordance with the express terms and conditions hereof (and no implied terms or conditions), and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such co-rights agents as it may deem necessary or desirable upon ten (10) days’ prior written notice to the Rights Agent setting forth the respective rights and duties of the Rights Agent and any co-rights agent. The Rights Agent shall have no duty to supervise, and in no event shall be liable for, the acts or omissions of any such co-rights agent.
 
Section 3 Issuance of Rights Certificates.
 
(a) Until the earlier of (i) the close of business on the tenth (10th) Business Day after the Stock Acquisition Date (or, if the tenth (10th) Business Day after the Stock Acquisition Date occurs before the Record Date, the close of business on the Record Date), or (ii) the close of business on the tenth (10th) Business Day (or such later date as the Board shall determine) after the date that a tender or exchange offer by any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan) is first published or sent or given within the meaning of Rule 14d-2(a) of the General Rules and Regulations under the Exchange Act, if upon consummation thereof, such Person would become an Acquiring Person (the earlier of (i) and (ii) being herein referred to as the “Distribution Date”), (x) the Rights will be evidenced (subject to the provisions of paragraphs (b) and (c) of this Section 3) by the certificates evidencing the Common Stock registered in the names of the holders of the Common Stock (which certificates evidencing the Common Stock shall be deemed also to be certificates evidencing the Rights) and not by separate certificates (or, for uncertificated shares registered in book entry form, by notations in the respective book entry accounts for the Common Stock), and (y) the Rights will be transferable only in connection with the transfer of the underlying shares of Common Stock (including a transfer to the Company). The Company promptly shall notify the Rights Agent in writing upon the occurrence of the Distribution Date and, if such notification is given orally, the Company shall confirm the same in writing on or prior to the next following Business Day. Until such notice is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that the Distribution Date has not occurred. As soon as practicable after the Distribution Date and receipt by the Rights Agent of notice of such occurrence, the Rights Agent, if requested by the Company in writing and provided with all necessary information and documentation, will, subject to the following sentence, send by first-class, insured, postage prepaid mail (or such other means as may be selected by the Company and not reasonably objected to by the Rights Agent), to each record holder of the Common Stock as of the close of business on the Distribution Date, at the address of such holder then shown on the records of the Company or the transfer agent or the registrar for the Common Stock, one or more rights certificates, in substantially the form of Exhibit B hereto (the “Rights Certificates”), duly executed and countersigned in the manner provided for in Section 5(a) hereof, evidencing one Right for each share of Common Stock so held, subject to adjustment as provided herein. To the extent that a Section 11(a)(ii) Event has also occurred, the Company may implement such procedures, as it deems appropriate in its sole discretion, (with prompt written notice of the same to the Rights Agent), to minimize the possibility that Rights are received by Persons whose Rights would be null and void under Section 7(e) hereof. In the event that an adjustment in the number of Rights per share of Common Stock has been made pursuant to Section 11(p) hereof, at the time of distribution of the Rights Certificates, the Company shall make the necessary and appropriate rounding adjustments (in accordance with Section 4(a) hereof) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights will be evidenced solely by such Rights Certificates and may be transferred by the transfer of the Rights Certificates as permitted hereby, separately and apart from any transfer of one or more shares of Common Stock, and the holders of such Rights Certificates as listed in the records of the Company or any transfer agent or registrar for the Rights shall be the record holders thereof. 
 
(b)             The Company will make available, as promptly as practicable following the date hereof, a copy of the Summary of Rights to any holder of Rights who may so request from time to time prior to the Expiration Date. With respect to certificates evidencing the Common Stock outstanding as of the Record Date, or issued subsequent to the Record Date, unless and until the Distribution Date shall occur, the Rights will be evidenced by the certificates for the Common Stock (or, in the case of shares reflected on the direct registration system, the notations in the book-entry account system of the transfer agent for the Common Stock) and the registered holders of the Common Stock shall also be the registered holders of the associated Rights. Until the earlier of the Distribution Date or the Expiration Date, the transfer of any shares of Common Stock in respect of which Rights have been issued shall also constitute the transfer of the Rights associated with such shares of Common Stock. Notwithstanding anything to the contrary set forth in this Agreement, upon the effectiveness of a redemption pursuant to Section 23 hereof or an exchange pursuant to Section 24 hereof, the Company shall not thereafter issue any additional Rights and, for the avoidance of doubt, no Rights shall be attached to or shall be issued with any shares of Common Stock (including any shares of Common Stock issued pursuant to an exchange) at any time thereafter.
 
(c)             Rights shall be issued in respect of all shares of Common Stock that are issued (whether originally issued or delivered from the Company’s treasury) after the Record Date but prior to the earlier of the Distribution Date or the Expiration Date or, in certain circumstances provided in Section 22 hereof, after the Distribution Date. Certificates representing




such shares of Common Stock shall also be deemed to be certificates for Rights, and shall bear a legend in substantially the following form if such certificates are issued after the Exempt Time but prior to the earlier of the Distribution Date or the Expiration Date:
 
This certificate also evidences and entitles the holder hereof to certain Rights as set forth in the Tax Benefits Preservation Plan between Acacia Research Corporation (the “Company”) and Computershare Trust Company, N.A. (or any successor Rights Agent) (the “Rights Agent”) dated as of March 16, 2019 as it may be supplemented, amended or restated from time to time (the “Tax Benefits Preservation Plan”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal offices of the Company. Under certain circumstances, as set forth in the Tax Benefits Preservation Plan, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. The Company will mail to the holder of this certificate a copy of the Tax Benefits Preservation Plan, as in effect on the date of mailing, without charge, promptly after receipt of a written request therefor. Under certain circumstances set forth in the Tax Benefits Preservation Plan, Rights issued to, or held by, any Person who is, was or becomes an Acquiring Person or any Affiliate or Associate thereof (as such terms are defined in the Tax Benefits Preservation Plan), whether currently held by or on behalf of such Person or by any subsequent holder, may become null and void. 
 
With respect to such certificates containing the foregoing legend, until the earlier of (i) the Distribution Date or (ii) the Expiration Date, the Rights associated with the Common Stock represented by such certificates shall be evidenced by such certificates alone and registered holders of Common Stock shall also be the registered holders of the associated Rights, and the transfer of any of such certificates shall also constitute the transfer of the Rights associated with the Common Stock represented by such certificates. Similarly, during such time periods, transfers of shares participating in the direct registration system shall also be deemed to be transfers of the associated Rights. In the case of any shares participating in the direct registration system, the Company shall cause the transfer agent for the Common Stock to include on each direct registration account statement with respect thereto issued prior to the Distribution Date a notation to the effect that the Company will mail to the stockholder a copy of this Agreement, as in effect on the date of mailing, without charge, promptly after receipt of a written request therefor and that the recipient of the statement, as a holder of shares of Common Stock, may have certain rights thereunder. In the event that shares of the Common Stock are not represented by certificates, references in this Agreement to certificates shall be deemed to refer to the notations in the book-entry accounts reflecting ownership of such shares.
 
Section 4 Form of Rights Certificates.
 
(a)                The Rights Certificates (and the forms of election to purchase and of assignment to be printed on the reverse thereof) shall each be substantially in the form set forth in Exhibit B hereto and may have such changes or marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement and which do not affect the rights, duties, liabilities or responsibilities of the Rights Agent, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any applicable rule or regulation of any stock exchange on which the Rights may from time to time be listed, or to conform to usage. Subject to the provisions of Section 11 and Section 22 hereof, the Rights Certificates, whenever distributed, shall be dated as of the Record Date and on their face shall entitle the holders thereof to purchase such number of one one-thousandths of a share of Preferred Stock as shall be set forth therein at the price set forth therein (such exercise price per one one-thousandths of a share, the “Purchase Price”), but the amount and type of securities purchasable upon the exercise of each Right and the Purchase Price thereof shall be subject to adjustment as provided herein.
 
(b)               Any Rights Certificate issued pursuant to Section 3(a), Section 11(i) or Section 22 hereof that represents Rights beneficially owned by: (i) an Acquiring Person or any Associate or Affiliate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any Associate or Affiliate of an Acquiring Person) who becomes a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any Associate or Affiliate of an Acquiring Person) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person (or an Associate or Affiliate of the Acquiring Person) to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person (or an Associate or Affiliate of the Acquiring Person) has any continuing agreement, arrangement or understanding (whether or not in writing) regarding the transferred Rights or (B) a transfer that the Board has determined is part of a plan, arrangement or understanding (whether or not in writing) that has as a primary purpose or effect the avoidance of Section 7(e) hereof, and any Rights Certificate issued pursuant to Section 6 or Section 11 hereof upon transfer, exchange, replacement or adjustment of any other Rights Certificate referred to in this sentence, shall contain (if the Company and the Rights Agent have knowledge that such Person is an Acquiring Person or an Associate or Affiliate thereof or transferee of such Persons or a nominee of any of the foregoing and to the extent feasible and only if the Company has provided specific written instructions to the Rights Agent) a legend in substantially the following form:
 




 
The Rights represented by this Rights Certificate are or were beneficially owned by a Person who was or became an Acquiring Person or an Affiliate or Associate of an Acquiring Person (as such terms are defined in the Tax Benefits Preservation Plan between Acacia Research Corporation and Computershare Trust Company, N.A. (or any successor Rights Agent) dated as of March 16, 2019, as it may be supplemented, amended or restated from time to time (the “Tax Benefits Preservation Plan”)). Accordingly, this Rights Certificate and the Rights represented hereby may become null and void in the circumstances specified in Section 7(e) of the Tax Benefits Preservation Plan.
 
Section 5 Countersignature and Registration.
 
(a)             The Rights Certificates shall be executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President or any Vice President, either manually or by facsimile signature, and shall have affixed thereto the Company’s seal or a facsimile thereof which shall be attested by the General Counsel of the Company, either manually or by facsimile signature. The Rights Certificates shall be countersigned by an authorized signatory of the Rights Agent, either manually or by facsimile signature and shall not be valid for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Rights Certificates shall cease to be such officer of the Company before countersignature by an authorized signatory of the Rights Agent and issuance and delivery by the Company, such Rights Certificates, nevertheless, may be countersigned by an authorized signatory of the Rights Agent and issued and delivered by the Company with the same force and effect as though the person who signed such Rights Certificates had not ceased to be such officer of the Company; and any Rights Certificates may be signed on behalf of the Company by any person who, at the actual date of the execution of such Rights Certificate, shall be a proper officer of the Company to sign such Rights Certificate, although at the date of the execution of this Agreement any such person was not such an officer. In case any authorized signatory of the Rights Agent who has countersigned any of the Rights Certificates ceases to be an authorized signatory of the Rights Agent before issuance and delivery by the Company, such Rights Certificates, nevertheless, may be issued and delivered by the Company with the same force and effect as though the person who countersigned such Rights Certificates had not ceased to be an authorized signatory of the Rights Agent; and any Rights Certificates may be countersigned on behalf of the Rights Agent by any person who, at the actual date of the countersignature of such Rights Certificate, is properly authorized to countersign such Rights Certificate, although at the date of the execution of this Agreement any such person was not so authorized.
 
(b)             Following the Distribution Date and receipt by the Rights Agent of notice of such occurrence and of all other necessary or relevant information and documentation, as provided in Section 3(a) hereof, the Rights Agent will keep, or cause to be kept, at its office or offices designated as the appropriate place for surrender of Rights Certificates upon exercise or transfer, books for registration and transfer of the Rights Certificates issued hereunder. Such books shall show the names and addresses of the respective holders of the Rights Certificates, the number of Rights evidenced on its face by each of the Rights Certificates and the date of each of the Rights Certificates.
 
Section 6 Transfer, Split Up, Combination and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights Certificates. 
 
(a)                Subject to the provisions of Section 4(b), Section 7(e) and Section 14 hereof, at any time after the close of business on the Distribution Date, and at or prior to the close of business on the Expiration Date, any Rights Certificate or Certificates (other than Rights Certificates representing Rights that have become null and void pursuant to Section 7(e) hereof or that may have been redeemed or exchanged pursuant to Section 24 hereof) may be transferred, split up, combined or exchanged for another Rights Certificate or Certificates, entitling the registered holder to purchase a like number of one one-thousandths of a share of Preferred Stock (or, following a Triggering Event, Common Stock, other securities, cash or other assets, as the case may be) as the Rights Certificate or Certificates surrendered then entitles such holder (or former holder in the case of a transfer) to purchase. Any registered holder desiring to transfer, split up, combine or exchange any Rights Certificate or Certificates shall make such request in writing delivered to the Rights Agent, and shall surrender the Rights Certificate or Certificates to be transferred, split up, combined or exchanged, with the form of assignment and certificate contained therein properly completed and duly executed and with all signatures guaranteed, at the office or offices of the Rights Agent designated for such purpose. Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to take any action whatsoever with respect to the transfer of any such surrendered Rights Certificate until the registered holder thereof shall have (i) properly completed and duly executed the certificate contained in the form of assignment on the reverse side of such Rights Certificate, (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company or the Rights Agent shall reasonably request, and (iii) paid a sum sufficient to cover any tax or charge that may be imposed in connection with any transfer, split up, combination or exchange of Rights Certificates as required by Section 9(e) hereof. Thereupon the Rights Agent shall, subject to Section 4(b), Section 7(e), Section 14 and Section 24 hereof, countersign and deliver to the Person entitled thereto a Rights Certificate or Certificates, as the case may be, as so requested, registered in such name or names as may be designated by the surrendering registered holder. The Rights Agent shall promptly




forward any such sum collected by it to the Company or to such Persons as the Company may specify by written notice. The Rights Agent shall have no duty or obligation to take any action under any section of this Agreement related to the exchange, issuance or delivery of Rights Certificates or which requires payment by a Rights holder of applicable taxes or charges unless and until it is satisfied that all such taxes and/or charges have been paid.
 
(b)               Upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Rights Certificate, and, in case of loss, theft or destruction, of indemnity or security satisfactory to them, along with a signature guarantee and such other and further documentation as the Company or the Rights Agent may reasonably request, and reimbursement to the Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation of the Rights Certificate, if mutilated, the Company will execute and deliver a new Rights Certificate of like tenor to the Rights Agent for countersignature and delivery to the registered holder thereof in lieu of the Rights Certificate so lost, stolen, destroyed or mutilated.
 
Section 7 Exercise of Rights; Purchase Price; Expiration Date of Rights.
 
(a) Subject to (e) hereof, at any time after the Distribution Date the registered holder of any Rights Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including the restrictions on exercisability set forth in Section 9(c) and Section 11(a)(iii)) in whole or in part upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof properly completed and duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, and an amount equal to any tax or charge required to be paid under Section 9(e) hereof, at or prior to the earliest of (i) 5:00 P.M., New York, New York time, on March 15, 2021 (such date, the “Final Expiration Date”), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof, (iii) the time at which the Rights are exchanged as provided in Section 24 hereof, (iv) the close of business on the effective date of the repeal of Section 382 of the Code if the Board determines that this Agreement is no longer necessary or desirable for the preservation of Tax Benefits or (v) the close of business on the first day of a taxable year of the Company to which the Board of Directors of the Company determines that no Tax Benefits may be carried forward (the earliest of (i) - (v) being herein referred to as the “Expiration Date”). The obligations of the Rights Agent under this Agreement shall terminate upon the earlier of the Expiration Date and such time as all outstanding Rights have been exercised, redeemed or exchanged hereunder (other than Rights which have become null and void pursuant to the provisions of Section 7(e) hereof); provided, that following such termination the Rights Agent shall be required to complete all of its outstanding work and all work, if any, required to be performed by it under this Agreement in connection with such expiration, exercise, redemption or exchange. 
 
(b)             The Purchase Price for each one one-thousandth of a share of Preferred Stock pursuant to the exercise of a Right initially shall be $12.00, shall be subject to adjustment from time to time as provided in Section 11 and Section 13(a) hereof and shall be payable in accordance with paragraph (c) below.
 
(c)             Subject to (e) hereof, upon receipt of a Rights Certificate representing exercisable Rights, with the form of election to purchase and the certificate properly completed and duly executed, accompanied by payment, with respect to each Right so exercised, of the Purchase Price per one one-thousandth of a share of Preferred Stock (or other shares, securities, cash or other assets, as the case may be) to be purchased as set forth below and an amount equal to any tax or charge required to be paid under Section 9(e) hereof, the Rights Agent shall, subject to Section 7(f) and Section 20(k) hereof, thereupon promptly (i) (A) requisition from any transfer agent of the shares of Preferred Stock (or make available, if the Rights Agent is the transfer agent for such shares) certificates for the total number of one one-thousandths of a share of Preferred Stock to be purchased and the Company hereby irrevocably authorizes and directs each such transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of shares of Preferred Stock issuable upon exercise of the Rights hereunder with a depositary agent, requisition from the depositary agent depositary receipts representing such number of one one-thousandths of a share of Preferred Stock as are to be purchased (in which case certificates for the shares of Preferred Stock represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby irrevocably authorizes and directs each such depositary agent to comply with such request, (ii) when necessary to comply with this Agreement, requisition from the Company the amount of cash, if any, to be paid in lieu of the issuance of fractional shares in accordance with Section 14 hereof, (iii) after receipt of such certificates or depositary receipts, cause the same to be delivered to or, upon the order of the registered holder of such Rights Certificate, registered in such name or names as may be designated by such holder, and (iv) when necessary to comply with this Agreement, after receipt thereof, deliver such cash, if any, to or upon the order of the registered holder of such Rights Certificate. The payment of the Purchase Price (as such amount may be reduced pursuant to Section 11(a)(iii) hereof) and an amount equal to any tax or charge required to be paid under Section 9(e) hereof, shall be made in cash or by certified bank check or bank draft payable to the order of the Company. In the event that the Company is obligated to issue other securities (including Common Stock) of the Company, pay cash and/or distribute other property pursuant to Section 11(a) hereof,




the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when necessary to comply with this Agreement. The Company reserves the right to require prior to the occurrence of a Triggering Event that, upon any exercise of Rights, a number of Rights be exercised so that only whole shares of Preferred Stock would be issued. 
 
(d)             In case the registered holder of any Rights Certificate shall properly exercise less than all the Rights evidenced thereby, a new Rights Certificate evidencing the Rights remaining unexercised shall be issued by the Rights Agent and, if requested and provided with all necessary information and documents by the registered holder of Rights Certificates, delivered to, or upon the order of, the registered holder of such Rights Certificate or to its duly authorized assigns, registered in such name or names as may be designated by such holder, subject to the provisions of Section 14 hereof.
 
(e)             Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of a Section 11(a)(ii) Event, any Rights beneficially owned by (i) an Acquiring Person or an Associate or Affiliate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any Associate or Affiliate of an Acquiring Person) who becomes a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any Associate or Affiliate of an Acquiring Person) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person (or an Associate or Affiliate of the Acquiring Person) to holders of equity interests in such Acquiring Person (or such Associate or Affiliate of an Acquiring Person) or to any Person with whom the Acquiring Person (or an Associate or Affiliate of the Acquiring Person) has any continuing agreement, arrangement or understanding (whether or not in writing) regarding the transferred Rights or (B) a transfer that the Board has determined is part of a plan, arrangement or understanding that has as a primary purpose or effect the avoidance of this (e), shall become null and void without any further action and no holder of such Rights shall have any rights whatsoever with respect to such Rights, or any Rights Certificate which formerly evidenced such Rights, whether under any provision of this Agreement or otherwise. The Company shall notify the Rights Agent when this (e) and/or Section 4(b) hereof applies and shall use all reasonable efforts to ensure that the provisions of this (e) and Section 4(b) hereof are complied with, but neither the Company nor the Rights Agent shall have any liability or obligation to any holder of Rights Certificates or any other Person as a result of the Company’s failure to make any determinations with respect to an Acquiring Person or any of such Acquiring Person’s Affiliates, Associates or their respective transferees hereunder. Until such notice is received by the Rights Agent, the Rights Agent shall have no duties, responsibilities or obligations with respect to this (e) and Section 4(b) hereof and shall be deemed not to have any knowledge of the identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing.
 
(f)              Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to a registered holder of Rights or other securities upon the occurrence of any purported exercise as set forth in this Section 7 unless such registered holder shall have (i) properly completed and duly executed the certificate contained in the form of election to purchase set forth on the reverse side of the Rights Certificate surrendered for such exercise, and (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company or the Rights Agent shall reasonably request.
 
Section 8 Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split up, combination, redemption or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all cancelled Rights Certificates to the Company, or shall, at the written request of the Company, destroy such cancelled Rights Certificates, and in such case shall deliver a certificate of destruction thereof to the Company. 
 
Section 9 Reservation and Availability of Capital Stock.
 
(a)                The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock and/or other securities or out of its authorized and issued shares held in its treasury), the number of shares of Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) that, as provided in this Agreement including Section 11(a)(iii) hereof, will be sufficient to permit the exercise in full of all outstanding Rights.
 
(b)               So long as the shares of Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) issuable and deliverable upon the exercise of the Rights may be listed on any national securities exchange, the Company shall use its best efforts to cause, from and after such time as the Rights become exercisable




(but only to the extent that it is reasonably likely that the Rights will be exercised), all shares reserved for such issuance to be listed on such exchange upon official notice of issuance upon such exercise.
 
(c)                The Company shall use its best efforts to (i) file, as soon as practicable following the earliest date after the first occurrence of a Section 11(a)(ii) Event on which the consideration to be delivered by the Company upon exercise of the Rights has been determined in accordance with Section 11(a)(iii) hereof, a registration statement under the Act, with respect to the securities purchasable upon exercise of the Rights on an appropriate form, (ii) cause such registration statement to become effective as soon as practicable after such filing, and (iii) cause such registration statement to remain effective (with a prospectus at all times meeting the requirements of the Act) until the earlier of (A) the date as of which the Rights are no longer exercisable for such securities, and (B) the Expiration Date. The Company will also take such action as may be appropriate under, or to ensure compliance with, the securities or “blue sky” laws of the various states in connection with the exercisability of the Rights. The Company may temporarily suspend, for a period of time not to exceed ninety (90) days after the date set forth in clause (i) of the first sentence of this Section 9(c), the exercisability of the Rights in order to prepare and file such registration statement and permit it to become effective. Upon any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension has been rescinded. In addition, if the Company shall determine that a registration statement is required following the Distribution Date, the Company may temporarily suspend the exercisability of the Rights until such time as a registration statement has been declared effective and give prompt written notice of the same to the Rights Agent. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction if the requisite qualification in such jurisdiction shall not have been obtained, the exercise thereof shall not be permitted under applicable law, or a registration statement in respect thereof shall not have been declared effective. The Company shall promptly notify the Rights Agent in writing after it makes a public announcement pursuant to this Section 9(c) and furnish the Rights Agent with a copy of such announcement(s).
 
(d)               The Company covenants and agrees that it will take all such action as may be necessary to ensure that all one one-thousandths of a share of Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) delivered upon exercise of Rights shall, at the time of delivery of the certificates for such shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable. 
 
(e) The Company further covenants and agrees that it will pay when due and payable any and all taxes and charges that may be payable in respect of the issuance or delivery of the Rights Certificates and of any certificates for a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) upon the exercise of Rights. Neither the Rights Agent nor the Company shall, however, be required to pay any tax or charge that may be payable in respect of any transfer or delivery of Rights Certificates to a Person other than, or the issuance or delivery of a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) in respect of a name other than that of the registered holder of the Rights Certificates evidencing Rights surrendered for exercise, nor shall the Rights Agent or the Company be required to register for transfer, issue or deliver any certificates for a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) in a name other than that of the registered holder upon the exercise of any Rights until such tax or charge shall have been paid (any such tax or charge being payable by the holder of such Rights Certificates at the time of surrender) or until it has been established to the Company’s and the Rights Agent’s satisfaction that no such tax or charge is due.
 
Section 10 Preferred Stock Record Date. Each Person in whose name any certificate evidencing a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such fractional shares of Preferred Stock (or Common Stock and/or other securities, as the case may be) represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and all applicable taxes and charges) was duly made; provided, however, that if the date of such surrender and payment is a date upon which the Preferred Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares (fractional or otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are open. Prior to the exercise of the Rights evidenced thereby, the holder of a Rights Certificate shall not be entitled to any rights of a stockholder of the Company with respect to shares for which the Rights shall be exercisable, including the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as expressly provided herein.
 
Section 11 Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.
 




(a)       (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Preferred Stock payable in shares of Preferred Stock, (B) subdivide or split the outstanding shares of Preferred Stock, (C) combine or consolidate the outstanding shares of Preferred Stock into a smaller number of shares, through a reverse stock split or otherwise, or (D) issue any shares of its capital stock in a reclassification of the Preferred Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a) and Section 7(e) hereof, the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, split, combination, consolidation or reclassification, and the number and kind of shares of Preferred Stock or capital stock, as the case may be, issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive, upon payment of the Purchase Price then in effect, the aggregate number and kind of shares of Preferred Stock or capital stock, as the case may be, that, if such Right had been exercised immediately prior to such date and at a time when the Preferred Stock transfer books of the Company were open, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, split, combination, consolidation or reclassification. If an event occurs that would require an adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment required pursuant to Section 11(a)(ii) hereof. 
 
(ii)             Subject to Section 24 hereof, in the event that any Person shall, at any time after the Rights Dividend Declaration Date, become an Acquiring Person, unless the event causing such Person to become an Acquiring Person is a transaction set forth in Section 13(a) hereof, then, promptly following the occurrence of such event, proper provision shall be made so that each holder of a Right (except as provided below and in Section 7(e) hereof) shall thereafter have the right to receive, upon exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, in lieu of a number of one one-thousandths of a share of Preferred Stock, such number of shares of Common Stock as shall equal the result obtained by (x) multiplying the then-current Purchase Price by the then number of one one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event, and (y) dividing that product (which, following such first occurrence, shall thereafter be referred to as the “Purchase Price” for each Right and for all purposes of this Agreement) by fifty percent (50%) of the Current Market Price (determined pursuant to Section 11(d) hereof) per share of Common Stock on the date of such first occurrence (such number of shares, the “Adjustment Shares”). The Company shall provide the Rights Agent with written notice of the identity of any Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing, and the Rights Agent may rely on such notice in carrying out its duties under this Agreement, and shall be deemed not to have any knowledge of the identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing unless and until it shall have received such notice.
 
(iii)           In the event that the number of shares of Common Stock authorized by the Company’s Restated Certificate of Incorporation, as may be amended from time to time, but not outstanding or reserved for issuance for purposes other than upon exercise of the Rights, is not sufficient to permit the exercise in full of the Rights in accordance with the foregoing subparagraph (ii) of this Section 11(a), the Company shall (A) determine the value of the Adjustment Shares issuable upon the exercise of a Right (the “Current Value”), and (B) with respect to each Right (subject to Section 7(e) hereof), make adequate provision to substitute for the Adjustment Shares, upon the exercise of a Right and payment of the applicable Purchase Price, (1) cash, (2) a reduction in the Purchase Price, (3) Common Stock or other equity securities of the Company (including shares, or units of shares, of preferred stock, such as the Preferred Stock, that the Board has deemed to have essentially the same value or economic rights as shares of Common Stock (such equity securities being referred to herein as “Common Stock Equivalents”)), (4) debt securities of the Company, (5) other assets, or (6) any combination of the foregoing, having an aggregate value equal to the Current Value (less the amount of any reduction in the Purchase Price), where such aggregate value has been determined by the Board based upon the advice of a nationally recognized investment banking firm selected by the Board; provided, however, that if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the later of (x) the first occurrence of a Section 11(a)(ii) Event and (y) the date on which the Company’s right of redemption pursuant to expires (the later of (x) and (y) being referred to herein as the “Section 11(a)(ii) Trigger Date”), then the Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, shares of Common Stock (to the extent available) and then, if necessary, cash, which shares and/or cash have an aggregate value equal to the Spread. For purposes of the preceding sentence, the term “Spread” shall mean the excess of (i) the Current Value over (ii) the Purchase Price. If the Board determines in good faith that it is likely that sufficient additional shares of Common Stock could be authorized for issuance upon exercise in full of the Rights, the thirty (30) day period set forth above may be extended to the extent necessary, but not more than ninety (90) days after the Section 11(a)(ii) Trigger Date, in order that the Company may seek stockholder approval for the authorization of such additional shares (such thirty (30) day period, as it may be extended, is herein called the “Substitution Period”). To the extent that the Company determines that action should be taken pursuant to the first and/or third sentences of this Section 11(a)(iii), the Company (1) shall provide, subject to Section 7(e) hereof, that such action shall apply uniformly to all outstanding Rights, and (2) may suspend the exercisability of the Rights until the expiration of the Substitution Period in order to seek such stockholder approval for such authorization of additional shares and/or to decide the appropriate form of distribution to be made pursuant to such first sentence and to determine the value thereof. In the event of any




such suspension, the Company shall issue a public announcement (with prompt written notice thereof to the Rights Agent) stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement (with prompt written notice thereof to the Rights Agent) at such time as the suspension is no longer in effect. For purposes of this Section 11(a)(iii), the value of each Adjustment Share shall be the Current Market Price per share of Common Stock on the Section 11(a)(ii) Trigger Date and the per share or per unit value of any Common Stock Equivalent shall be deemed to equal the Current Market Price per share of Common Stock on such date. 
 
(b)             In case the Company shall fix a record date for the issuance of rights, options or warrants to all holders of shares of Preferred Stock entitling them to subscribe for or purchase (for a period expiring within forty-five (45) calendar days after, but not including such record date) shares of Preferred Stock (or shares having the same rights, privileges and preferences as the shares of Preferred Stock (“Equivalent Preferred Stock”)) or securities convertible into Preferred Stock or Equivalent Preferred Stock at a price per share of Preferred Stock or per share of Equivalent Preferred Stock (or having a conversion price per share, if a security convertible into Preferred Stock or Equivalent Preferred Stock) less than the Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock on such record date, the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of shares of Preferred Stock outstanding on such record date, plus the number of shares of Preferred Stock that the aggregate offering price of the total number of shares of Preferred Stock and/or Equivalent Preferred Stock to be so offered (and/or the aggregate initial conversion price of the convertible securities to be so offered) would purchase at such Current Market Price, and the denominator of which shall be the number of shares of Preferred Stock outstanding on such record date, plus the number of additional shares of Preferred Stock and/or Equivalent Preferred Stock to be offered for subscription or purchase (or into which the convertible securities to be so offered are initially convertible). In case such subscription price may be paid by delivery of consideration, part or all of which may be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent that shall be binding and conclusive for all purposes on the Rights Agent and the holders of the Rights. Shares of Preferred Stock owned by or held for the account of the Company shall not be deemed outstanding for the purpose of any such computation. Such adjustment shall be made successively whenever such a record date is fixed, and in the event that such rights or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if such record date had not been fixed.
 
(c)             In case the Company shall fix a record date for a distribution to all holders of shares of Preferred Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of cash (other than a regular quarterly cash dividend out of the earnings or retained earnings of the Company), assets (other than a dividend payable in Preferred Stock, but including any dividend payable in stock other than Preferred Stock) or evidences of indebtedness, or of subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock on such record date, less the fair market value (as determined in good faith by the Board, whose determination shall be described in a written statement filed with the Rights Agent that shall be binding on the Rights Agent and the holders of the Rights) of the portion of the cash, assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to a share of Preferred Stock, and the denominator of which shall be such Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock. Such adjustments shall be made successively whenever such a record date is fixed, and in the event that such distribution is not so made, the Purchase Price shall be adjusted to be the Purchase Price that would have been in effect if such record date had not been fixed. 
 
(d)       (i) For the purpose of any computation hereunder, other than computations made pursuant to Section 11(a)(iii) hereof, the “Current Market Price” per share of Common Stock on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock for the thirty (30) consecutive Trading Days immediately prior to but not including such date, and for purposes of computations made pursuant to Section 11(a)(iii) hereof, the Current Market Price per share of Common Stock on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock for the ten (10) consecutive Trading Days immediately following but not including such date; provided, however, that in the event that the Current Market Price per share of Common Stock is determined during a period following the announcement by the issuer of such Common Stock of (A) a dividend or distribution on such Common Stock payable in shares of such Common Stock or securities convertible into shares of such Common Stock (other than the Rights), or (B) any subdivision, combination, consolidation, reverse stock split or reclassification of such Common Stock, and the ex-dividend date for such dividend or distribution, or the record date for such subdivision, combination, consolidation, reverse stock split or reclassification shall not have occurred prior to the commencement of the requisite thirty (30) Trading Day or ten (10) Trading Day period, as set forth above, then, and in each such case, the Current Market Price shall be properly adjusted to take into account ex-dividend trading. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to




securities listed or admitted to trading on the New York Stock Exchange (the “NYSE”) or, if the shares of Common Stock are not listed or admitted to trading on the NYSE, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the shares of Common Stock are listed or admitted to trading or, if on any such date the shares of Common Stock are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the National Association of Securities Dealers Automated Quotations System (“NASDAQ”) or such other system then in use, or, if on any such date the shares of Common Stock are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Common Stock selected by the Board. If on any such date no market maker is making a market in the Common Stock, the fair value of such shares on such date as determined in good faith by the Board shall be used. The term “Trading Day” shall mean a day on which the principal national securities exchange on which the shares of Common Stock are listed or admitted to trading is open for the transaction of business or, if the shares of Common Stock are not listed or admitted to trading on any national securities exchange, a Business Day. If the Common Stock is not publicly held or not so listed or traded, the Current Market Price per share shall mean the fair value per share as determined in good faith by the Board, whose determination shall be described in a written statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders of the Rights. 
 
(ii) For the purpose of any computation hereunder, the “Current Market Price” per share of Preferred Stock shall be determined in the same manner as set forth above for the Common Stock in clause (i) of this Section 11(d) (other than the last sentence thereof). If the Current Market Price per share of Preferred Stock cannot be determined in the manner provided above or if the Preferred Stock is not publicly held or listed or traded in a manner described in clause (i) of this Section 11(d), the Current Market Price per share of Preferred Stock shall be conclusively deemed to be an amount equal to 1,000 (as such number may be appropriately adjusted for such events as stock splits, stock dividends and recapitalizations with respect to the Common Stock occurring after the date of this Agreement) multiplied by the Current Market Price per share of Common Stock. If neither the Common Stock nor the Preferred Stock is publicly held or so listed or traded, Current Market Price per share of the Preferred Stock shall mean the fair value per share as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders of the Rights.
 
(e)                  Anything herein to the contrary notwithstanding, no adjustment in the Purchase Price shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the Purchase Price; provided, however, that any adjustments that by reason of this Section 11(e) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 11 shall be made to the nearest cent or to the nearest ten-thousandth of a share of Common Stock or other share or one-millionth of a share of Preferred Stock, as the case may be. Notwithstanding the first sentence of this Section 11(e), any adjustment required by this Section 11 shall be made no later than the earlier of (i) three (3) years from the date of the transaction that mandates such adjustment, or (ii) the Expiration Date.
 
(f)                   If as a result of an adjustment made pursuant to Section 11(a)(ii) or Section 13(a) hereof, the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock other than Preferred Stock, thereafter the number of such other shares so receivable upon exercise of any Right and the Purchase Price thereof shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in Sections 11(a), (b), (c), (e), (g), (h), (i), (j), (k) and (m), and the provisions of Sections 7, 9, 10, 13 and 14 hereof with respect to the Preferred Stock shall apply on like terms to any such other shares.
 
(g)                  All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to purchase, at the adjusted Purchase Price, the number of one one-thousandths of a share of Preferred Stock purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein.
 
(h)                  Unless the Company shall have exercised its election as provided in (i) hereof, upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11(b) and (c) hereof, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest one-millionth) obtained by (i) multiplying (x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price. 
 
(i)                    The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights, in lieu of any adjustment in the number of one one-thousandths of a share of Preferred Stock purchasable upon the exercise of a Right. Each of the Rights outstanding after the adjustment in the number of Rights shall be exercisable for the number of one one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to such




adjustment. Each Right held of record prior to such adjustment of the number of Rights shall become that number of Rights (calculated to the nearest one ten-thousandth) obtained by dividing the Purchase Price in effect immediately prior to adjustment of the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price. The Company shall make a public announcement (with prompt written notice thereof to the Rights Agent) of its election to adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Purchase Price is adjusted or any day thereafter, but, if the Rights Certificates have been issued, shall be at least ten (10) days later than the date of the public announcement. If Rights Certificates have been issued, upon each adjustment of the number of Rights pursuant to this (i), the Company shall, as promptly as practicable, cause to be distributed to holders of record of Rights Certificates on such record date Rights Certificates evidencing, subject to Section 14 hereof, the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Rights Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Rights Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Rights Certificates so to be distributed shall be issued, executed and countersigned in the manner provided for herein (and may bear, at the option of the Company, the adjusted Purchase Price) and shall be registered in the names of the holders of record of Rights Certificates on the record date specified in the public announcement.
 
(j)                 Irrespective of any adjustment or change in the Purchase Price or the number of one one-thousandths of a share of Preferred Stock issuable upon the exercise of the Rights, the Rights Certificates theretofore and thereafter issued may continue to express the Purchase Price per one one-thousandth of a share and the number of one one-thousandth of a share that were expressed in the initial Rights Certificates issued hereunder.
 
(k)               Before taking any action that would cause an adjustment reducing the Purchase Price below the then stated value, if any, of the number of one one-thousandths of a share of Preferred Stock issuable upon exercise of the Rights, the Company shall take any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable such number of one one-thousandths of a share of Preferred Stock at such adjusted Purchase Price.
 
(l)                 In any case in which this Section 11 shall require that an adjustment in the Purchase Price be made effective as of a record date for a specified event, the Company may elect to defer (with prompt written notice thereof to the Rights Agent) until the occurrence of such event the issuance to the holder of any Right exercised after such record date the number of one one-thousandths of a share of Preferred Stock and other capital stock or securities of the Company, if any, issuable upon such exercise over and above the number of one one-thousandths of a share of Preferred Stock and other capital stock or securities of the Company, if any, issuable upon such exercise on the basis of the Purchase Price in effect prior to such adjustment; provided, however, that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder’s right to receive such additional shares (fractional or otherwise) or securities upon the occurrence of the event requiring such adjustment.
 
(m)             Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that in its good faith judgment the Board shall determine to be advisable in order that any (i) consolidation or subdivision of the Preferred Stock, (ii) issuance wholly for cash of any shares of Preferred Stock at less than the Current Market Price, (iii) issuance wholly for cash of shares of Preferred Stock or securities that by their terms are convertible into or exchangeable for shares of Preferred Stock, (iv) stock dividends or (v) issuance of rights, options or warrants referred to in this Section 11, hereafter made by the Company to holders of its Preferred Stock shall not be taxable to such stockholders. 
 
(n)               The Company covenants and agrees that it shall not, at any time after the Distribution Date, (i) consolidate with any other Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof), (ii) merge with or into any other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof), or (iii) sell or transfer (or permit any Subsidiary to sell or transfer), in one transaction, or a series of related transactions, assets, cash flow or earning power aggregating more than fifty percent (50%) of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons (other than the Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), if (x) at the time of or immediately after such consolidation, merger or sale there are any rights, warrants or other instruments or securities outstanding or agreements in effect which would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights or (y) prior to, simultaneously with or immediately after such consolidation, merger or sale, the stockholders of the Person who constitutes, or would constitute, the “Principal Party” for purposes of Section 13(a) hereof shall have received a distribution of Rights previously owned by such Person or any of its Affiliates or Associates.
 




(o)               The Company covenants and agrees that, after the Distribution Date, it will not, except as permitted by Section 23, Section 24 or Section 27 hereof, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will diminish substantially or otherwise eliminate the benefits intended to be afforded by the Rights.
 
(p)               Anything in this Agreement to the contrary notwithstanding, in the event that the Company shall at any time after the Rights Dividend Declaration Date and prior to the Distribution Date (i) declare a dividend on the outstanding shares of Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding shares of Common Stock, or (iii) combine the outstanding shares of Common Stock into a smaller number of shares, the number of Rights associated with each share of Common Stock then outstanding, or issued or delivered thereafter but prior to the Distribution Date, shall be proportionately adjusted so that the number of Rights thereafter associated with each share of Common Stock following any such event shall equal the result obtained by multiplying the number of Rights associated with each share of Common Stock immediately prior to such event by a fraction the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to the occurrence of the event and the denominator of which shall be the total number of shares of Common Stock outstanding immediately following the occurrence of such event.
 
Section 12 Certificate of Adjusted Purchase Price or Number of Shares. Whenever an adjustment is made or any event affecting the Rights or their exercisability (including without limitation an event which causes Rights to become null and void) occurs as provided in Section 11 and hereof, the Company shall (a) promptly prepare a certificate setting forth such adjustment or describing such event, and a brief, reasonably detailed statement of the facts, computations and methodology accounting for such adjustment, (b) promptly file with the Rights Agent, and with each transfer agent for the Preferred Stock and the Common Stock, a copy of such certificate, and (c) if a Distribution Date has occurred, mail a brief summary thereof to each holder of a Rights Certificate in accordance with Section 25 hereof. Notwithstanding the foregoing sentence, the failure of the Company to make such certification or give such notice shall not affect the validity of such adjustment or the force or effect of the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment or statement therein contained and shall have no duty or liability with respect to, and shall not be deemed to have knowledge of, any adjustment or any such event unless and until it shall have received such a certificate. 
 
Section 13 Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power.
 
(a)             In the event that, following the Stock Acquisition Date, directly or indirectly, (x) the Company shall consolidate with, or merge with and into, any other Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof), and the Company shall not be the continuing or surviving corporation of such consolidation or merger, (y) any Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof) shall consolidate with, or merge with or into, the Company, and the Company shall be the continuing or surviving corporation of such consolidation or merger and, in connection with such consolidation or merger, all or part of the outstanding shares of Common Stock shall be changed into or exchanged for stock or other securities of any other Person or cash or any other property, or (z) the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer), in one transaction or a series of related transactions, assets, cash flow or earning power aggregating more than fifty percent (50%) of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any Person or Persons (other than the Company or any Subsidiary of the Company in one or more transactions each of which complies with Section 11(o) hereof), then, and in each such case, proper provision shall be made so that: (i) each holder of a Right, except as provided in Section 7(e) hereof, shall thereafter have the right to receive, upon the exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, such number of validly authorized and issued, fully paid, nonassessable and freely tradeable shares of Common Stock of the Principal Party, not subject to any liens, encumbrances, rights of first refusal or other adverse claims, as shall be equal to the result obtained by (1) multiplying the then current Purchase Price by the number of one one-thousandths of a share of Preferred Stock for which a Right is exercisable immediately prior to the first occurrence of a Section 13 Event (or, if a Section 11(a)(ii) Event has occurred prior to the first occurrence of a Section 13 Event, multiplying the number of such one one-thousandths of a share for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event by the Purchase Price in effect immediately prior to such first occurrence of a Section 11(a)(ii) Event), and (2) dividing that product (which, following the first occurrence of a Section 13 Event, shall be referred to as the “Purchase Price” for each Right and for all purposes of this Agreement) by 50% of the Current Market Price (determined pursuant to Section 11(d)(i) hereof) per share of the Common Stock of such Principal Party on the date of consummation of such Section 13 Event; (ii) such Principal Party shall thereafter be liable for, and shall assume, by virtue of such, all the obligations and duties of the Company pursuant to this Agreement; (iii) the term “Company” shall thereafter be deemed to refer to such Principal Party, it being specifically intended that the provisions of Section 11 hereof shall apply only to such Principal Party following the first occurrence of a Section 11(a)(ii) Event; (iv) such Principal Party shall take such steps (including the reservation of a sufficient number of shares of its Common Stock) in connection with the consummation of any such transaction as may be necessary to assure that the provisions hereof shall thereafter be applicable, as




nearly as reasonably may be, in relation to its shares of Common Stock thereafter deliverable upon the exercise of the Rights; and (v) the provisions of Section 11(a)(ii) hereof shall be of no effect following the first occurrence of any Section 13 Event.
 
(b)             “Principal Party” shall mean:
 
(i) in the case of any transaction described in clause (x) or (y) of the first sentence of (a) hereof, the Person that is the issuer of any securities into which shares of Common Stock of the Company are converted in such merger or consolidation, and if no securities are so issued, the Person that is the other party to such merger or consolidation; and 
 
(ii) in the case of any transaction described in clause (z) of the first sentence of (a) hereof, the Person that is the party receiving the greatest portion of the assets, cash flow or earning power transferred pursuant to such transaction or transactions;
 
provided, however, that in any such case, (1) if the Common Stock of such Person is not at such time and has not been continuously over the preceding twelve (12) month period registered under Section 12 of the Exchange Act, and such Person is a direct or indirect Subsidiary of another Person the Common Stock of which is and has been so registered, “Principal Party” shall refer to such other Person; and (2) in case such Person is a Subsidiary, directly or indirectly, of more than one Person, the Common Stock of two or more of which are and have been so registered, “Principal Party” shall refer to whichever of such Persons is the issuer of the Common Stock having the greatest aggregate market value.
 
(c) The Company shall not consummate any such consolidation, merger, sale or transfer unless the Principal Party shall have a sufficient number of authorized shares of its Common Stock that have not been issued or reserved for issuance to permit the exercise in full of the Rights in accordance with this Section 13 and unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a supplemental agreement providing for the terms set forth in paragraphs (a) and (b) of this Section 13 and further providing that, as soon as practicable after the date of any consolidation, merger or sale of assets mentioned in paragraph (a) of this, the Principal Party will:
 
(i)                 prepare and file a registration statement under the Act, with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, and will use its best efforts to cause such registration statement to (A) become effective as soon as practicable after such filing and (B) remain effective (with a prospectus at all times meeting the requirements of the Act) until the Expiration Date; (ii) take all such other action as may be necessary to enable the Principal Party to issue the securities purchasable upon exercise of the Rights, including the registration or qualification of such securities under all requisite securities laws of jurisdictions of the various states and the listing of such securities on such exchanges and trading markets as may be necessary or appropriate; and
 
(ii)               deliver to holders of the Rights historical financial statements for the Principal Party and each of its Affiliates that comply in all respects with the requirements for registration on Form 10 (or any successor form) under the Exchange Act.
 
The provisions of this Section 13 shall similarly apply to successive mergers or consolidations or sales or other transfers. In the event that a Section 13 Event shall occur at any time after the occurrence of a Section 11(a)(ii) Event, the Rights which have not theretofore been exercised shall thereafter become exercisable in the manner described in (a).
 
Section 14 Fractional Rights and Fractional Shares.
 
(a) The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p) hereof, or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company shall pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Right. For purposes of this Section 14(a), the current market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any Trading Day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the NYSE or, if the Rights are not listed or admitted to trading on the NYSE, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or admitted to trading, or if the Rights are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by NASDAQ or such other system then in use or, if on any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market




maker making a market in the Rights, selected by the Board. If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the Board shall be used, which determination shall be described in a statement filed with the Rights Agent and, in relation to the Rights Agent shall be conclusive for all purposes. 
 
(b)               The Company shall not be required to issue fractions of shares of Preferred Stock (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock) upon exercise of the Rights or to distribute certificates that evidence fractional shares of Preferred Stock (other than fractions that are integral multiples of one one-thousandth of a share of Preferred Stock). In lieu of the issuance of fractional shares of Preferred Stock that are not integral multiples of one one-thousandth of a share of Preferred Stock, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one one-thousandth of a share of Preferred Stock. For purposes of this Section 14(b), the current market value of one one-thousandth of a share of Preferred Stock shall be one one-thousandth of the closing price of a share of Preferred Stock (as determined pursuant to Section 11(d)(ii) hereof) on the Trading Day immediately prior to the date of such exercise.
 
(c)                Following the occurrence of a Triggering Event, the Company shall not be required to issue fractions of shares of Common Stock upon exercise of the Rights or to distribute certificates that evidence fractional shares of Common Stock. In lieu of fractional shares of Common Stock, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one (1) share of Common Stock. For purposes of this Section 14(c), the current market value of one share of Common Stock shall be the closing price per share of Common Stock (as determined pursuant to Section 11(d)(i) hereof) on the Trading Day immediately prior to the date of such exercise.
 
(d)               Whenever a payment for fractional Rights or any fractional shares is to be made by the Rights Agent, the Company shall (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payments and the prices and/or formulas utilized in calculating such payments, and (ii) provide sufficient monies to the Rights Agent in the form of fully collected funds to make such payments. The Rights Agent shall be fully protected in relying upon such a certificate and shall have no duty with respect to, and shall not be deemed to have knowledge of any payment for fractional Rights or fractional shares under any Section of this Agreement relating to the payment of fractional Rights or fractional shares unless and until the Rights Agent shall have received such a certificate and sufficient monies.
 
(e)                The holder of a Right by the acceptance of the Rights expressly waives such holder’s right to receive any fractional Rights or any fractional shares upon exercise of a Right, except as permitted by this Section 14.
 
Section 15 Rights of Action. All rights of action in respect of this Agreement, other than the rights of action given to the Rights Agent under Section 18 and Section 20 hereof, are vested in the respective registered holders of the Rights Certificates (and, prior to the Distribution Date, the registered holders of the Common Stock); and any registered holder of any Rights Certificate (or, prior to the Distribution Date, of the Common Stock), without the consent of the Rights Agent or of the holder of any other Rights Certificate (or, prior to the Distribution Date, of the Common Stock), may, in such holder’s own behalf and for such holder’s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, such holder’s right to exercise the Rights evidenced by such Rights Certificate in the manner provided in such Rights Certificate and in this Agreement. Without limiting the foregoing or any remedies available to the holders of Rights, it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement and shall be entitled to specific performance of the obligations hereunder and injunctive relief against actual or threatened violations of the obligations hereunder of any Person subject to this Agreement. 
 
Section 16 Agreement of Rights Holders. Every holder of a Right by accepting the same consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:
 
(a)             prior to the Distribution Date, the Rights will be transferable only in connection with the transfer of shares of Common Stock;
 
(b)             after the Distribution Date, the Rights Certificates are transferable only on the registry books of the Rights Agent if surrendered at the office or offices of the Rights Agent designated for such purposes, properly executed and duly endorsed or accompanied by a proper instrument of transfer and with the appropriate forms and certificates duly executed;
 
(c)             subject to Section 6(a) and Section 7(f) hereof, the Company and the Rights Agent may deem and treat the Person in whose name a Rights Certificate (or, prior to the Distribution Date, the associated Common Stock certificate (or book entry shares in respect of Common Stock)) is registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any notations of ownership or writing on the Rights Certificates or the associated Common Stock certificate (or




notices provided to holders of book entry shares of Common Stock) made by anyone other than the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent, subject to the last sentence of Section 7(e) hereof, shall be required to be affected by any notice to the contrary; and
 
(d)             notwithstanding anything in this Agreement to the contrary, neither the Company nor the Rights Agent nor any of their directors, officers, employees, or agents shall have any liability to any holder of a Right or other Person as a result of its inability to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, judgment, decree or ruling (whether interlocutory or final) issued by a court of competent jurisdiction or by a governmental, regulatory, self-regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental authority, prohibiting or otherwise restraining performance of such obligation; provided, however, the Company shall use its best efforts to have any such injunction, order, judgment, decree or ruling lifted or otherwise overturned as soon as possible.
 
Section 17 Rights Certificate Holder Not Deemed a Stockholder. No holder, as such, of any Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the number of one one-thousandths of a share of Preferred Stock or any other securities of the Company that may at any time be issuable on the exercise or exchange of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed to confer upon the holder of any Rights Certificate, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in Section 25 hereof), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such Rights Certificate shall have been exercised or exchanged in accordance with the provisions hereof. 
 
Section 18 Concerning the Rights Agent.
 
(a)             The Company agrees to pay to the Rights Agent reasonable compensation for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its reasonable expenses and counsel fees and disbursements and other disbursements incurred in the preparation, negotiation, delivery, amendment, administration and execution of this Agreement and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent and its Affiliates, directors, officers, employees, or agents for, and to hold it harmless against, any loss, liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense (including, without limitation, the reasonable fees and expenses of legal counsel), incurred without gross negligence, bad faith or willful misconduct on the part of the Rights Agent (each as determined by a final judgment of a court of competent jurisdiction), for any action taken, suffered or omitted to be taken by the Rights Agent in connection with the acceptance, administration, exercise and performance of its duties under this Agreement, including the costs and expenses of defending against any claim of liability and the costs and expenses of enforcing this right of indemnification. The provisions of this Section 18 and Section 20 hereof shall survive (a) the termination or expiration of this Agreement, (b) the termination of the obligations of the Rights Agent hereunder in accordance with Section 7(a) hereof, (c) the exercise or expiration of the Rights and (d) the resignation, replacement or removal of the Rights Agent.
 
(b)             The Rights Agent shall be authorized and protected and shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in connection with its acceptance and administration of this Agreement and the exercise and performance of its duties hereunder in reliance upon any Rights Certificate or certificate for Common Stock or for other securities of the Company, instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where necessary, verified, guaranteed or acknowledged, by the proper Person or Persons, or otherwise upon the advice of counsel as set forth in Section 20 hereof. The Rights Agent shall not be deemed to have knowledge of any event of which it was supposed to receive notice thereof hereunder, but for which it has not received such notice in writing and the Rights Agent shall be fully protected and shall incur no liability for failing to take any action in connection therewith, unless and until it has received such notice in writing.
 
Section 19 Merger or Consolidation or Change of Name of Rights Agent.
 
(a) Any Person into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be a party, or any Person succeeding to the stockholder services or stock transfer business of the Rights Agent or any successor Rights Agent, shall be the successor to the Rights Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; but only if such Person would be eligible for appointment as a successor Rights Agent under the provisions of Section 21 hereof. In case at the time such successor Rights Agent shall succeed to the agency created by this Agreement, any of the Rights Certificates shall have been countersigned but not delivered, any such




successor Rights Agent may adopt the countersignature of an authorized signatory of a predecessor Rights Agent and deliver such Rights Certificates so countersigned, and if at that time any of the Rights Certificates shall not have been countersigned, an authorized signatory of any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor or in the name of the successor Rights Agent. In all such cases such Rights Certificates shall have the full force provided in the Rights Certificates and in this Agreement. 
 
(b) If at any time the name of the Rights Agent shall be changed and at such time any of the Rights Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the countersignature of an authorized signatory under its prior name and deliver Rights Certificates so countersigned; and if at that time any of the Rights Certificates shall not have been countersigned, an authorized signatory of the Rights Agent may countersign such Rights Certificates either in its prior name or in its changed name. In all such cases such Rights Certificates shall have the full force provided in the Rights Certificates and in this Agreement.
 
Section 20 Rights and Duties of Rights Agent. The Rights Agent undertakes to perform only the duties and obligations expressly imposed by this Agreement (and no implied duties or obligations) upon the following terms and conditions, by all of which the Company and the holders of Rights Certificates, by their acceptance thereof, shall be bound:
 
(a)             The Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee of the Rights Agent), and the advice or opinion of such counsel shall be full and complete authorization and protection to the Rights Agent as to, and the Rights Agent shall incur no liability for or in respect of, any action taken, suffered or omitted to be taken by it in the absence of gross negligence, bad faith and willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction) and in accordance with such advice or opinion.
 
(b)             Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter (including, without limitation, the identity of any Acquiring Person and the determination of Current Market Price) be proved or established by the Company prior to taking, suffering or omitting to take any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary or any Assistant Secretary of the Company and delivered to the Rights Agent, and such certificate shall be full and complete authorization and protection to the Rights Agent for, and the Rights Agent shall incur no liability for or in respect of, any action taken, suffered or omitted to be taken by it in the absence of gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction) under the provisions of this Agreement in reliance upon such certificate.
 
(c)             The Rights Agent shall be liable hereunder only for its own gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction). Anything to the contrary in this Agreement notwithstanding, in no event shall the Rights Agent be liable for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage. Any liability of the Rights Agent under this Agreement will be limited to the amount of annual fees paid by the Company to the Rights Agent during the twelve (12) months immediately preceding the event for which recovery from the Rights Agent is being sought.
 
(d)             The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Rights Certificates or be required to verify the same (except as to its countersignature on such Rights Certificates), but all such statements and recitals are and shall be deemed to have been made by the Company only.
 
(e)                The Rights Agent shall not have any liability for or be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Rights Certificate (except its countersignature thereof) or any modification or order of any court, tribunal, or governmental authority in connection with the foregoing; nor shall it be liable or responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Rights Certificate; nor shall it be responsible for any change in the exercisability of the Rights (including the Rights becoming null and void pursuant to Section 11 hereof) or any change or adjustment in the terms of the Rights required under the provisions of Sections 3, 11, 23 or 24 hereof (provided, that the foregoing does not nullify any express duties the Rights Agent may have in such Sections herein) or responsible for the manner, method or amount thereof or the ascertaining of the existence of facts that would require any such change or adjustment (except with respect to the exercise of Rights evidenced by Rights Certificates after receipt of the certificate described in Section 12 hereof, upon which the Rights Agent may rely); nor shall it by any act hereunder be deemed to make any representation or




warranty as to the authorization or reservation of any shares of Common Stock or Preferred Stock to be issued pursuant to this Agreement or any Rights Certificate or as to whether any shares of Common Stock or Preferred Stock will, when so issued, be validly authorized and issued, fully paid and nonassessable.
 
(f)                The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement.
 
(g)                The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer of the Company, and is authorized to apply to such officers for advice or instructions in connection with its duties, and such instructions shall be full authorization and protection to the Rights Agent and the Rights Agent shall not be liable for or in respect of any action taken, suffered or omitted to be taken by it in accordance with instructions of any such officer or for any delay in acting while waiting for those instructions. The Rights Agent shall be fully authorized and protected in relying upon the most recent instructions received by any such officer. Any application by the Rights Agent for written instructions from the Company may, at the option of the Rights Agent, set forth in writing any action proposed to be taken, suffered or omitted by the Rights Agent under this Agreement and the date on and/or after which such action shall be taken or suffered or such omission shall be effective. The Rights Agent shall not be liable for any action taken, suffered or omitted to be taken by it in accordance with a proposal included in any such application on or after the date specified in such application (which date shall not be less than five (5) Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to an earlier date) unless, prior to taking any such action (or the effective date in the case of an omission), the Rights Agent shall have received written instructions in response to such application specifying the action to be taken, suffered or omitted.
 
(h)               The Rights Agent and any stockholder, member, Affiliate, director, officer or employee of the Rights Agent may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though the Rights Agent were not Rights Agent under this Agreement. Nothing herein shall preclude the Rights Agent or any such stockholder, member, Affiliate, director, officer or employee from acting in any other capacity for the Company or for any other Person. 
 
(i)                 The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself (through its directors, officers and employees) or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company or any other Person resulting from any such act, omission, default, neglect or misconduct, absent gross negligence, bad faith or willful misconduct in the selection and continued employment thereof (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction).
 
(j)                 No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder (other than internal costs incurred by the Rights Agent in providing services to the Company in the ordinary course of its business as Rights Agent) or in the exercise of its rights if it reasonably believes that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.
 
(k)               If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or transfer, the certificate attached to the form of assignment or form of election to purchase, as the case may be, has either not been properly completed and duly executed or indicates an affirmative response to clause 1 and/or 2 thereof, the Rights Agent shall not take any further action with respect to such requested exercise or transfer without first consulting with the Company.
 
Section 21 Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon thirty (30) days’ notice in writing mailed to the Company in the manner set forth in Section 26 herein, and in the event that the Rights Agent or one or more of its Affiliates is not also the transfer agent for the Company, to each transfer agent of the Common Stock and Preferred Stock by first-class mail, postage prepaid, or nationally recognized overnight delivery. If at any time the Rights Agent or one of its Affiliates is also the transfer agent for the Company, in the event such transfer agency relationship terminates, the Rights Agent will be deemed to have resigned automatically and be discharged from its duties under this Agreement as of the effective date of such termination, and the Company shall be responsible for sending any required notice. The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) days’ notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common




Stock and Preferred Stock, by registered or certified mail, and, if such removal occurs after the Distribution Date, to the holders of the Rights Certificates by first-class mail. If the Rights Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Rights Certificate (which holder shall, with such notice, submit such holder’s Rights Certificate for inspection by the Company), then any registered holder of any Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, shall be (a) a Person organized and doing business in good standing under the laws of the United States or of the State of New York or of any other state of the United States, authorized under such laws to exercise stockholder services powers and which has, along with its Affiliates, at the time of its appointment as Rights Agent a combined capital and surplus of at least $50,000,000 or (b) an Affiliate of a Person described in clause (a) of this sentence. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed, and the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the foregoing purpose, but the Rights Agent shall not be required to make any additional expenditure or assume any additional liability in connection with the foregoing. Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Stock, and, if such appointment occurs after the Distribution Date, mail a notice thereof in writing to the registered holders of the Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 
 
Section 22 Issuance of New Rights Certificates. Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by the Board to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares or other securities or property purchasable under the Rights Certificates made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of shares of Common Stock following the Distribution Date and prior to the redemption, exchange or expiration of the Rights, the Company (a) shall, with respect to shares of Common Stock so issued or sold pursuant to the exercise of stock options or under any employee benefit plan or arrangement, granted or awarded as of the Distribution Date, or upon the exercise, conversion or exchange of securities hereinafter issued by the Company (except as may otherwise be provided in the instrument(s) governing such securities), and (b) may, in any other case, if deemed necessary or appropriate by the Board, issue Rights Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such Rights Certificate shall be issued if, and to the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Rights Certificate would be issued, and (ii) no such Rights Certificate shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof.
 
Section 23 Redemption and Termination.
 
(a)             The Board may, at its option, at any time prior to the earlier of (i) the close of business on the tenth (10th) Business Day following the Stock Acquisition Date (or, if the Stock Acquisition Date shall have occurred prior to the Record Date, the close of business on the tenth (10th) Business Day following the Record Date), or (ii) the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the “Redemption Price”). Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of a Section 11(a)(ii) Event until such time as the Company’s right of redemption hereunder has expired. The Company may, at its option, pay the Redemption Price in cash, shares of Common Stock (based on the Current Market Price of the Common Stock at the time of redemption) or any other form of consideration deemed appropriate by the Board.
 
(b)             Immediately upon the action of the Board ordering the redemption of the Rights, evidence of which shall have been filed with the Rights Agent and without any further action and without any notice, the right to exercise the Rights will terminate and the only right thereafter of the holders of Rights shall be to receive the Redemption Price for each Right so held. Promptly after the action of the Board ordering the redemption of the Rights, the Company shall give notice of such redemption to the Rights Agent and the holders of the then outstanding Rights by mailing such notice to all such holders at each holder’s last address as it appears upon the registry books of the Rights Agent or, prior to the Distribution Date, on the registry books of the transfer agent for the Common Stock. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of redemption will state the method by which the payment of the Redemption Price will be made. 




 
(c)             Neither the Company nor any of its Affiliates or Associates may redeem, acquire or purchase for value any Rights at any time in any manner other than that specifically set forth in this Section 23 and other than in connection with the purchase or repurchase by any of them of Common Stock prior to the Distribution Date.
 
Section 24 Exchange.
 
(a)                The Board may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 7(e) hereof) for Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the “Exchange Ratio”). Notwithstanding the foregoing, the Board shall not be empowered to effect such exchange at any time after (i) any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Stock for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of fifty percent (50%) or more of the Common Stock then outstanding or (ii) the occurrence of an event specified in Section 13(a) hereof.
 
(b)               Immediately upon the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange (with prompt written notice thereof to the Rights Agent); provided, however, that the failure to give, or any defect in, such notice shall not affect the legality or validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights that will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights that have become null and void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.
 
(c)                Following the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24, the Company may implement such procedures in its sole discretion as it deems appropriate for the purpose of ensuring that the Common Stock (or such other consideration) issuable upon an exchange pursuant to this Section 24 not be received by holders of Rights that have become null and void pursuant to Section 7(e) hereof. In furtherance thereof, if so directed by the Company, all or a portion of the shares of Common Stock (or other consideration) potentially issuable to holders of Rights upon an exchange pursuant to this Section 24, who have not verified to the satisfaction of the Company, in its sole discretion, that they are not Acquiring Persons, may be deposited in a trust established by the Company pending receipt of appropriate verification. 
 
(d)               In any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Stock (or Equivalent Preferred Stock) for Common Stock exchangeable for Rights, at the initial rate of one one-thousandth of a share of Preferred Stock (or Equivalent Preferred Stock) for each share of Common Stock, as appropriately adjusted to reflect stock splits, stock dividends and other similar transactions after the date hereof.
 
(e)                In the event that there shall not be sufficient shares of Common Stock issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional shares of Common Stock for issuance upon exchange of the Rights.
 
(f)                The Company shall not be required to issue fractions of shares of Common Stock or to distribute certificates that evidence fractional shares of Common Stock. In lieu of such fractional shares of Common Stock, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this subsection (f), the current market value of a whole share of Common Stock shall be the closing price of a share of Common Stock (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.
 
Section 25 Notice of Certain Events.
 




(a)                In case the Company shall propose, at any time after the Distribution Date, (i) to pay any dividend payable in stock of any class to the holders of Preferred Stock or to make any other distribution to the holders of Preferred Stock (other than a regular quarterly cash dividend out of earnings or retained earnings of the Company), (ii) to offer to the holders of Preferred Stock rights or warrants to subscribe for or to purchase any additional shares of Preferred Stock or shares of stock of any class or any other securities, rights or options, (iii) to effect any reclassification of its Preferred Stock (other than a reclassification involving only the subdivision of outstanding shares of Preferred Stock), (iv) to effect any consolidation or merger into or with any other Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof), or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one transaction or a series of related transactions, of more than fifty percent (50%) of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons (other than the Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), or (v) to effect the liquidation, dissolution or winding up of the Company, then, in each such case, the Company shall give to the Rights Agent and to the extent feasible to each holder of a Rights Certificate, in accordance with Section 26 hereof, a notice of such proposed action, which notice shall specify the record date for the purposes of such stock dividend, distribution of rights or warrants, or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of the shares of Preferred Stock, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause (i) or (ii) above at least twenty (20) days prior to but not including the record date for determining holders of the shares of Preferred Stock for purposes of such action, and in the case of any such other action, at least twenty (20) days prior to but not including the date of the taking of such proposed action or the date of participation therein by the holders of the shares of Preferred Stock, whichever shall be the earlier.
 
(b)               In the event that any Section 11(a)(ii) Event shall occur, (i) the Company shall as soon as practicable thereafter give to the Rights Agent and to each holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, a notice of the occurrence of such event, which notice shall specify the event and the consequences of the event to holders of Rights under Section 11(a)(ii) hereof, and (ii) all references in the preceding paragraph to Preferred Stock shall be deemed thereafter to refer to Common Stock and/or, if appropriate, other securities. Until such notice is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that no such Section 11(a)(ii) Event has occurred. 
 
Section 26 Notices. Notices or demands authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Rights Certificate to or on the Company shall be sufficiently given or made if in writing and sent or delivered by recognized national overnight delivery service or first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent by the Company) as follows:
 
Acacia Research Corporation
120 Newport Center Drive
Newport Beach, California 92660
Attention: Secretary
 
Subject to the provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder of any Rights Certificate to or on the Rights Agent shall be sufficiently given or made if in writing and sent or delivered by recognized national overnight delivery service or first-class mail, postage prepaid, addressed (until another address is filed in writing by the Rights Agent with the Company) as follows:
 
Computershare Trust Company, N.A.
250 Royall Street
Canton, MA 02021
Attention: Relationship Manager
 
With a copy to:
 
Computershare Trust Company, N.A.
250 Royall Street
Canton, MA 02021
Attention: Legal Department
 
Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the holder of any Rights Certificate (or, if prior to the Distribution Date, to the holder of certificates representing shares of Common Stock) shall be sufficiently given or made if in writing and sent or delivered by recognized national overnight delivery service or first-class mail, postage prepaid, addressed to such holder at the address of such holder as shown on the registry books of the Company.




 
Section 27 Supplements and Amendments. Subject to this Section 27, this Agreement may be supplemented or amended at the times and for the purposes set forth below. Prior to the Distribution Date, the Company and the Rights Agent shall, if the Company so directs, supplement or amend any provision of this Agreement, other than to extend the Final Expiration Date, without the approval of any holders of shares of Common Stock. From and after the Distribution Date, the Company and the Rights Agent shall, if the Company so directs, supplement or amend this Agreement without the approval of any holders of Rights Certificates in order (i) to cure any ambiguity, (ii) to correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions herein, (iii) to shorten or lengthen any time period hereunder (other than to lengthen the Final Expiration Date) or (iv) to change or supplement the provisions hereunder in any manner that the Company may deem necessary or desirable and that shall not adversely affect the interests of the holders of Rights Certificates (other than an Acquiring Person or an Affiliate or Associate of an Acquiring Person). Upon the delivery of a certificate from an appropriate officer of the Company that states that the proposed supplement or amendment is in compliance with the terms of this Section 27, the Rights Agent shall execute such supplement or amendment; provided, that, the Rights Agent may, but shall not be obligated to, enter into any supplement or amendment that affects the Rights Agent’s own rights, duties, obligations or immunities under this Agreement. Notwithstanding anything herein to the contrary, this Agreement may not be amended (other than pursuant to clauses (i) or (ii) of the third sentence of this Section 27) at a time when the Rights are not redeemable. 
 
Section 28 Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective successors and assigns hereunder.
 
Section 29 Determinations and Actions by the Board, etc.. For all purposes of this Agreement, any calculation of the number of shares of Common Stock or any other class of capital stock outstanding at any particular time, including for purposes of determining the particular percentage of such outstanding shares of Common Stock of which any Person is the Beneficial Owner, shall be made in accordance with the last sentence of Rule 13d-3(d)(1)(i) of the General Rules and Regulations under the Exchange Act or Section 382 of the Code and the Treasury Regulations promulgated thereunder, as appropriate. The Board shall have the exclusive power and authority to administer this Agreement and to exercise all rights and powers specifically granted to the Board or to the Company, or as may be necessary or advisable in the administration of this Agreement, including, the right and power to (i) interpret the provisions of this Agreement, and (ii) make all determinations deemed necessary or advisable for the administration of this Agreement (including a determination to redeem or not redeem the Rights or to amend this Agreement). All such actions, calculations, interpretations and determinations (including for purposes of clause (y) below, all omissions with respect to the foregoing) which are done or made by the Board in good faith, shall (x) be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights and all other Persons, and (y) not subject the Board, or any of the directors on the Board to any liability to the holders of the Rights. The Rights Agent shall be entitled to assume the Board acted in good faith and shall be fully protected and incur no liability in the Rights Agent’s reliance thereon.
 
Section 30 Benefits of this Agreement. Nothing in this Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock) any legal or equitable right, remedy or claim under this Agreement. This Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock).
 
Section 31 Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, that notwithstanding anything in this Agreement to the contrary, if any such term, provision, covenant or restriction is held by such court or authority to be invalid, void or unenforceable and the Board determines in its good faith judgment that severing the invalid language from this Agreement would adversely affect the purpose or effect of this Agreement, the right of redemption set forth in Section 23 hereof shall be reinstated and shall not expire until the close of business on the tenth (10th) Business Day following the date of such determination by the Board and provided further that if any such excluded term, provision, covenant or restriction shall adversely affect the rights, immunities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately upon written notice to the Company. Without limiting the foregoing, if any provision requiring a specific group of directors of the Company to act is held by any court of competent jurisdiction or other authority to be invalid, void or unenforceable, such determination shall then be made by the Board in accordance with applicable law and the Company’s Restated Certificate of Incorporation and Bylaws, each as may be amended from time to time. 
 
Section 32 Governing Law. This Agreement, each Right and each Rights Certificate issued hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts made and to be performed entirely within such State.
 




Section 33 Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Agreement transmitted electronically shall have the same authority, effect and enforceability as an original signature.
 
Section 34 Descriptive Headings; Interpretation.
 
(a)             Descriptive headings of the several sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.
 
(b)             Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”
 
(c)             For purposes of this Agreement, whenever a specific provision of the Code or a specific Treasury Regulation is referenced, such reference shall also apply to any successor or replacement provision or Treasury Regulation, as applicable.
 
Section 35 Force Majeure. Notwithstanding anything to the contrary contained herein, the Rights Agent shall not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war or civil unrest.
 
 
 
 
 
 
 
 
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, all as of the day and year first above written.
 
 
 
 
ACACIA RESEARCH CORPORATION
 
 
 
By:
 
Name:
 
Title:
 
 
 
 
 
COMPUTERSHARE TRUST COMPANY, N.A., as Rights Agent
 
 
 
By:
 
Name:
 
Title:
 
 
 
 
 
 
 
 




 
Exhibit A
 
CERTIFICATE OF DESIGNATION, PREFERENCES AND
RIGHTS OF SERIES B JUNIOR PARTICIPATING PREFERRED STOCK
of
ACACIA RESEARCH CORPORATION
 
Pursuant to Section 151 of the General Corporation Law of the State of Delaware
 
I, Jennifer Graff, Secretary of Acacia Research Corporation, a corporation organized and existing under the General Corporation Law of the State of Delaware (herein referred to as the “Company”), in accordance with the provisions of Section 103 thereof, DO HEREBY CERTIFY:
 
That pursuant to the authority conferred upon the Board of Directors by the Amended and Restated Certificate of Incorporation of the Company (as may be amended from time to time, the “Certificate of Incorporation”), the said Board of Directors on March 12, 2019, adopted the following resolution creating a series of 300,000 shares of Preferred Stock designated as Series B Junior Participating Preferred Stock:
 
RESOLVED, that pursuant to the authority vested in the Board of Directors of the Company in accordance with the provisions of the Certificate of Incorporation, a series of Preferred Stock of the Company be and it hereby is created, and that the designation and amount thereof and the voting powers, preferences and relative, participating, optional and other special rights of the shares of such series, and the qualifications, limitations or restrictions thereof are as follows:
 
Section 1. Designation and Amount. The shares of such series shall be designated as “Series B Junior Participating Preferred Stock” and the number of shares constituting such series shall be 300,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, however, that no decrease shall reduce the number of shares of Series B Junior Participating Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the exercise of any options, rights or warrants issuable upon conversion of any outstanding securities issued by the Company convertible into Series B Junior Participating Preferred Stock.
 
Section 2. Dividends and Distributions.
 
(A)              Subject to the prior and superior rights of the holders of any shares of any series of Preferred Stock ranking prior and superior to the shares of Series B Junior Participating Preferred Stock with respect to dividends, the holders of shares of Series B Junior Participating Preferred Stock, in preference to the holders of common stock of the Company with $0.001 par value (the “Common Stock”), and of any other junior stock, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the last day of March, June, September and December in each year (each such date being referred to herein as a “Quarterly Dividend Payment Date”), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series B Junior Participating Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $1.00 or (b) subject to the provision for adjustment hereinafter set forth, one thousand (1,000) times the aggregate per share amount of all cash dividends, and one thousand (1,000) times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date, or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series B Junior Participating Preferred Stock. In the event the Company shall at any time after March 16, 2019 (the “Rights Dividend Declaration Date”), (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the amount to which holders of shares of Series B Junior Participating Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.
 
 
A-1
 
 
 




(B)              The Company shall declare a dividend or distribution on the Series B Junior Participating Preferred Stock as provided in Paragraph (A) above immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided that, in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of $1.00 per share on the Series B Junior Participating Preferred Stock shall nevertheless be payable on such subsequent Quarterly Dividend Payment Date.
 
(C)              Dividends shall begin to accrue and be cumulative on outstanding shares of Series B Junior Participating Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares of Series B Junior Participating Preferred Stock, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series B Junior Participating Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of Series B Junior Participating Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix a record date for the determination of holders of shares of Series B Junior Participating Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be no more than thirty (30) days prior to the date fixed for the payment thereof.
 
Section 3. Voting Rights. The holders of shares of Series B Junior Participating Preferred Stock shall have the following voting rights:
 
(A)              Subject to the provision for adjustment hereinafter set forth, each share of Series B Junior Participating Preferred Stock shall entitle the holder thereof to one thousand (1,000) votes on all matters submitted to a vote of the stockholders of the Company. In the event the Company shall at any time after the Rights Dividend Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the number of votes per share to which holders of shares of Series B Junior Participating Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such number by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.
 
(B)              Except as otherwise provided by applicable law, the holders of shares of Series B Junior Participating Preferred Stock and the holders of shares of Common Stock shall vote together as one class on all matters submitted to a vote of stockholders of the Company.
 
(C)              Holders of Series B Junior Participating Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action.
 
Section 4. Certain Restrictions.
 
(A)              Whenever quarterly dividends or other dividends or distributions payable on the Series B Junior Participating Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series B Junior Participating Preferred Stock outstanding shall have been paid in full, the Company shall not:
 
 
A-2
 
 
 








(i)                 declare or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series B Junior Participating Preferred Stock;
 
(ii)               declare or pay dividends on or make any other distributions on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series B Junior Participating Preferred Stock, except dividends paid ratably on the Series B Junior Participating Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled;
 
(iii)             redeem or purchase or otherwise acquire for consideration shares of any stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series B Junior Participating Preferred Stock, provided that the Company may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock of the Company ranking junior (either as to dividends or upon dissolution, liquidation or winding up) to the Series B Junior Participating Preferred Stock; or
 
(iv)             purchase or otherwise acquire for consideration any shares of Series B Junior Participating Preferred Stock, or any shares of stock ranking on a parity with the Series B Junior Participating Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon such terms as the Board of Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable treatment among the respective series or classes.
 
(B)              The Company shall not permit any subsidiary of the Company to purchase or otherwise acquire for consideration any shares of stock of the Company unless the Company could, under Paragraph (A) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner.
 
Section 5. Reacquired Shares. Any shares of Series B Junior Participating Preferred Stock purchased or otherwise acquired by the Company in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued as part of a new series of Preferred Stock to be created by resolution or resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set forth herein.
 
Section 6. Liquidation, Dissolution or Winding Up. (i) Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Company, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series B Junior Participating Preferred Stock unless, prior thereto, the holders of shares of Series B Junior Participating Preferred Stock shall have received an amount equal to $1,000 per share of Series B Junior Participating Preferred Stock, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the “Series B Liquidation Preference”). Following the payment of the full amount of the Series B Liquidation Preference, no additional distributions shall be made to the holders of shares of Series B Junior Participating Preferred Stock unless, prior thereto, the holders of shares of Common Stock shall have received an amount per share (the “Common Adjustment”) equal to the quotient obtained by dividing (i) the Series B Liquidation Preference by (ii) one thousand (1,000) (as appropriately adjusted as set forth in subparagraph (C) below to reflect such events as stock splits, stock dividends and recapitalizations with respect to the Common Stock) (such number in clause (ii), the “Adjustment Number”). Following the payment of the full amount of the Series B Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Series B Junior Participating Preferred Stock and Common Stock, respectively, holders of Series B Junior Participating Preferred Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to 1 with respect to such Preferred Stock and Common Stock, on a per share basis, respectively.
 
(A)              In the event, however, that there are not sufficient assets available to permit payment in full of the Series B Liquidation Preference and the liquidation preferences of all other series of preferred stock, if any, which rank on a parity with the Series B Junior Participating Preferred Stock, then such remaining assets shall be distributed ratably to the holders of such parity shares in proportion to their respective liquidation preferences. In the event, however, that there are not sufficient assets available to permit payment in full of the Common Adjustment, then such remaining assets shall be distributed ratably to the holders of Common Stock.
 
 
A-3
 
 




 
(B)              In the event the Company shall at any time after the Rights Dividend Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment Number by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.
 
Section 7. Consolidation, Merger, etc. In case the Company shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of Series B Junior Participating Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share (subject to the provision for adjustment hereinafter set forth) equal to one thousand (1,000) times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is changed or exchanged. In the event the Company shall at any time after the Rights Dividend Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series B Junior Participating Preferred Stock shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.
 
Section 8. No Redemption. The shares of Series B Junior Participating Preferred Stock shall not be redeemable.
 
Section 9. Ranking. The Series B Junior Participating Preferred Stock shall rank junior to all other series of the Company’s Preferred Stock as to the payment of dividends and the distribution of assets, unless the terms of any such series shall provide otherwise.
 
Section 10. Amendment. At any time when any shares of Series B Junior Participating Preferred Stock are outstanding, neither the Certificate of Incorporation nor this Certificate of Designation shall be amended in any manner that would materially alter or change the powers, preferences or special rights of the Series B Junior Participating Preferred Stock so as to affect them adversely without the affirmative vote of the holders of a majority of the outstanding shares of Series B Junior Participating Preferred Stock, voting separately as a class.
 
Section 11. Fractional Shares. Series B Junior Participating Preferred Stock may be issued in fractions of a share which shall entitle the holder, in proportion to such holder’s fractional shares, to exercise voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Series B Junior Participating Preferred Stock.
 
 
A-4
 
 
 






















IN WITNESS WHEREOF, Acacia Research Corporation has caused this Certificate of Designation to be executed in its corporate name this 15th day of March, 2019.
 
 
ACACIA RESEARCH CORPORATION
 
 
 
 
 
 
 
By:
/s/ Jennifer Graff
 
Name:
Jennifer Graff
 
Title:
Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
A-5
 
 
 




















 




Exhibit B
 
[Form of Rights Certificate]
 
Certificate No. R- ________ Rights
 
NOT EXERCISABLE AFTER MARCH 15, 2021 OR SUCH EARLIER DATE AS THE RIGHTS ARE REDEEMED, EXCHANGED OR TERMINATED. THE RIGHTS ARE SUBJECT TO REDEMPTION AT THE OPTION OF THE COMPANY, AT $0.001 PER RIGHT, AND TO EXCHANGE ON THE TERMS SET FORTH IN THE PLAN. UNDER CERTAIN CIRCUMSTANCES, RIGHTS BENEFICIALLY OWNED BY AN ACQUIRING PERSON (AS SUCH TERM IS DEFINED IN THE PLAN) AND ANY SUBSEQUENT HOLDER OF SUCH RIGHTS MAY BECOME NULL AND VOID. [THE RIGHTS REPRESENTED BY THIS RIGHTS CERTIFICATE ARE OR WERE BENEFICIALLY OWNED BY A PERSON WHO WAS OR BECAME AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE PLAN). ACCORDINGLY, THIS RIGHTS CERTIFICATE AND THE RIGHTS REPRESENTED HEREBY MAY BECOME NULL AND VOID IN THE CIRCUMSTANCES SPECIFIED IN SECTION 7(e) OF THE PLAN.]
 
Rights Certificate
 
ACACIA RESEARCH CORPORATION This certifies that ______________________, or registered assigns, is the registered owner of the number of Rights set forth above, each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Tax Benefits Preservation Plan, dated as of March 16, 2019 (the “Plan”), between Acacia Research Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company, as rights agent (the “Rights Agent”), to purchase from the Company at any time prior to 5:00 P.M. (New York, New York time) on March 15, 2021, unless the Rights are earlier redeemed or exchanged, at the office or offices of the Rights Agent designated for such purpose, or its successors as Rights Agent, one one-thousandth of a fully paid, nonassessable share of Series B Junior Participating Preferred Stock (the “Preferred Stock”) of the Company, at a purchase price of $12.00 per one one-thousandth of a share (the “Purchase Price”), upon presentation and surrender of this Rights Certificate with the Form of Election to Purchase and related certificate duly executed. The number of Rights evidenced by this Rights Certificate (and the number of shares which may be purchased upon exercise thereof) set forth above, and the Purchase Price per share set forth above, are the number and Purchase Price as of March 16, 2019, based on the Preferred Stock as constituted at such date. The Company reserves the right to require prior to the occurrence of a Triggering Event (as such term is defined in the Plan) that a number of Rights be exercised so that only whole shares of Preferred Stock will be issued. Capitalized terms used in this Rights Certificate without definition shall have the meanings ascribed to them in the Plan.
 
Upon the occurrence of a Section 11(a)(ii) Event, if the Rights evidenced by this Rights Certificate are beneficially owned by (i) an Acquiring Person or an Affiliate or Associate of any such Acquiring Person, (ii) a transferee of any such Acquiring Person, Associate or Affiliate, or (iii) under certain circumstances specified in the Plan, a transferee of a person who, after such transfer, became an Acquiring Person, or an Affiliate or Associate of an Acquiring Person, such Rights shall become null and void and no holder hereof shall have any right with respect to such Rights from and after the occurrence of such Section 11(a)(ii) Event.
 
As provided in the Plan, the Purchase Price and the number and kind of shares of Preferred Stock or other securities that may be purchased upon the exercise of the Rights evidenced by this Rights Certificate are subject to modification and adjustment upon the occurrence of certain events, including Triggering Events.
 
This Rights Certificate is subject to all of the terms, provisions and conditions of the Plan, which terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which the Plan reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the Company and the holders of the Rights Certificates, which limitations of rights include the temporary suspension of the exercisability of such Rights under the specific circumstances set forth in the Plan. Copies of the Plan are on file at the above-mentioned office of the Company and are also available upon written request to the Company.
 

 
B-1
 
 


 




This Rights Certificate, with or without other Rights Certificates, upon surrender at the office or offices of the Rights Agent designated for such purpose, may be exchanged for another Rights Certificate or Rights Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of one one-thousandths of a share of Preferred Stock as the Rights evidenced by the Rights Certificate or Rights Certificates surrendered shall have entitled such holder to purchase. If this Rights Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Rights Certificate or Rights Certificates for the number of whole Rights not exercised.
 
Subject to the provisions of the Plan, the Rights evidenced by this Rights Certificate may be redeemed by the Company at its option at a redemption price of $0.001 per Right at any time prior to the earlier of the close of business on (i) the tenth (10th) Business Day following the Stock Acquisition Date (as such time period may be extended pursuant to the Plan), and (ii) the Final Expiration Date. In addition, under certain circumstances following the Stock Acquisition Date, the Rights may be exchanged, in whole or in part, for shares of the Common Stock, or shares of preferred stock of the Company having essentially the same value or economic rights as such shares. Immediately upon the action of the Board of Directors of the Company authorizing any such exchange, and without any further action or any notice, the Rights (other than Rights which are not subject to such exchange) will terminate and the Rights will only enable holders to receive the shares issuable upon such exchange.
 
No fractional shares of Preferred Stock will be issued upon the exercise of any Right or Rights evidenced hereby (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock, which may, at the election of the Company, be evidenced by depositary receipts), but in lieu thereof a cash payment will be made, as provided in the Plan. The Company, at its election, may require that a number of Rights be exercised so that only whole shares of Preferred Stock would be issued.
 
No holder of this Rights Certificate shall be entitled to vote or receive dividends or be deemed for any purpose the holder of shares of Preferred Stock or of any other securities of the Company that may at any time be issuable on the exercise hereof, nor shall anything contained in the Plan or herein be construed to confer upon the holder hereof, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give consent to or withhold consent from any corporate action, or, to receive notice of meetings or other actions affecting stockholders (except as provided in the Plan), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by this Rights Certificate shall have been exercised as provided in the Plan.
 
This Rights Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent.
 





 
 
B-2
 
 
 




















 
WITNESS the signature of a proper officer of the Company.
 
Dated as of _______________ ____, 20___
 
 
 
 
ACACIA RESEARCH CORPORATION
 
 
 
 
 
By:
 
Name:
 
Title:
 
 
Countersigned:
 
 
 
COMPUTERSHARE TRUST COMPANY, N.A.,
as Rights Agent
 
 
 
 
 
By:
 
Name:
 
Title:
 

 
 
 
 
 
B-3
 
 
 



















 




 
[Form of Reverse Side of Rights Certificate]
 
FORM OF ASSIGNMENT
 
(To be executed by the registered holder if such
holder desires to transfer the Rights Certificate.)
 
FOR VALUE RECEIVED ____________________________________ hereby sells, assigns and transfers unto
 
 
(Please print name and address of transferee)
 
 
 
_____________________________________________________________________________ this Rights Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint __________________ as attorney-in-fact, to transfer the within Rights Certificate on the books of the within named Company, with full power of substitution.
 
Dated _______________ ____, 20___
 
 
 
Signature
 
 
Signature Guaranteed:
 
NOTICE: The signature(s) must be guaranteed by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Company’s transfer agent.
 
Certificate
 
The undersigned hereby certifies by checking the appropriate boxes that:
 
(1) this Rights Certificate ☐ is ☐ is not being sold, assigned and transferred by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as such terms are defined pursuant to the Plan);
 
(2) after due inquiry and to the best knowledge of the undersigned, it ☐ did ☐ did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person or an Affiliate or Associate of an Acquiring Person.
 
Dated _____________ ____, 20___
_________________________
 
Signature
Signature Guaranteed:
 
 
 
NOTICE: The signature(s) must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with membership in an approved signature guarantee medallion program) at a guarantee level satisfactory to the Rights Agent. A notary public is not sufficient.
 
 
B-4
 
 



 




 
NOTICE
 
The signature to the foregoing Assignment and Certificate must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever.
 
In the event the certification set forth above is not completed in connection with a purported assignment, the Company may deem the Beneficial Owner of the Rights evidenced by the attached Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof or a transferee of any of the foregoing and accordingly may deem the Rights evidenced by such Rights Certificate to be null and void and not transferable or exercisable.
 
The signature(s) must be guaranteed by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Company’s transfer agent.
 
 
 
 
B-5
 
 












































 
FORM OF ELECTION TO PURCHASE
 
(To be executed if holder desires to exercise Rights represented by the Rights Certificate.)
 
To: ACACIA RESEARCH CORPORATION:
 
The undersigned hereby irrevocably elects to exercise __________ Rights represented by this Rights Certificate to purchase the shares of Preferred Stock issuable upon the exercise of the Rights (or such other securities of the Company or of any other person which may be issuable upon the exercise of the Rights) and requests that certificates for such shares be issued in the name of and delivered to:
 
Please insert social security
or other identifying number
 
 
 
(Please print name and address)
 
 
 
 
If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance of such Rights shall be registered in the name of and delivered to:
 
Please insert social security
or other identifying number
 
 
 
(Please print name and address)
 
 
 
 
 
Dated _______________ ____, 20___
 
 
 
Signature
 
Signature Guaranteed:
 
 
NOTICE: The signature(s) must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with membership in an approved signature guarantee medallion program) at a guarantee level satisfactory to the Rights Agent. A notary public is not sufficient.
 
 
B-6
 
 
 














 
Certificate
 
The undersigned hereby certifies by checking the appropriate boxes that:
 
(1) the Rights evidenced by this Rights Certificate ☐ are ☐ are not being exercised by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as such terms are defined pursuant to the Plan);
 
(2) after due inquiry and to the best knowledge of the undersigned, it ☐ did ☐ did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or became an Acquiring Person or an Affiliate or Associate of an Acquiring Person.
 
Dated _____________ ____, 20___
_____________________
 
Signature
Signature Guaranteed:
 
 
 
NOTICE: The signature(s) must be guaranteed by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Company’s transfer agent.
 
 

 
B-7
 
 
 



































NOTICE
 
The signature to the foregoing Election to Purchase and Certificate must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever.
 
In the event the certification set forth above is not completed in connection with a purported exercise, the Company may deem the Beneficial Owner of the Rights evidenced by the attached Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof or a transferee of any of the foregoing and accordingly may deem the Rights evidenced by such Rights Certificate to be null and void and not transferable or exercisable.
 
The signature(s) must be guaranteed by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Company’s transfer agent.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
B-8
 
 
 

































Exhibit C
 
AS SET FORTH IN THE TAX BENEFITS PRESERVATION PLAN, RIGHTS ISSUED OR TRANSFERRED TO, OR BENEFICIALLY OWNED BY, ANY PERSON THAT IS, WAS OR BECOMES AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE TAX BENEFITS PRESERVATION PLAN), WHETHER CURRENTLY BENEFICIALLY OWNED BY OR ON BEHALF OF SUCH PERSON OR BY ANY SUBSEQUENT HOLDER, MAY BE NULL AND VOID
 
 
 
SUMMARY OF TERMS
 
ACACIA RESEARCH CORPORATION
 
TAX BENEFITS PRESERVATION PLAN
 
 
 
Purpose
Acacia Research Corporation (the “Company”) has certain U.S. federal and state income tax net operating loss carryforwards.  The Internal Revenue Code of 1986, as amended (the “Code”) limits the ability of a company to use its net operating losses and certain other tax assets (“Tax Benefits”) to reduce potential future federal income tax obligations if such company experiences an “ownership change,” as defined in Section 382 of the Code. A company generally experiences such an ownership change if the percentage of its stock owned by its “5-percent shareholders,” as defined in Section 382 of the Code, increases by more than 50 percentage points over a rolling three-year period. The Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, being or becoming the beneficial owner of 4.9% or more of the common stock, par value $0.001 per share, of the Company (the “Common Stock”).
Form of Security
On March 12, 2019, the Board of Directors of the Company (the “Board”), authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of the common stock of the Company with $0.001 par value (the “Common Stock”) to stockholders of record at the close of business on March 16, 2019 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company a unit consisting of one one-thousandth of a share (a “Unit”) of a series of Series B Junior Participating Preferred Stock, par value $0.001 (the “Preferred Stock”), at a purchase price of $12.00 per Unit, subject to adjustment (the “Purchase Price”).
 
 
 
 
  
 
C-1
 
 
 
 




Rights Certificates
Initially, the Rights will be attached to all shares of Common Stock then outstanding, and no separate rights certificates (“Rights Certificates”) will be distributed.
 
Until a Distribution Date (as defined below), (i) the Rights will be evidenced by the certificates for the Common Stock (or, in the case of shares reflected on the direct registration system, by the notations in the book-entry account system) and will only be transferred with such Common Stock, (ii) new Common Stock certificates issued after the Record Date will contain a legend incorporating the Plan by reference and (iii) the surrender for transfer of any certificates for Common Stock outstanding will also constitute the transfer of the Rights associated with the Common Stock represented by such certificates.
 
As soon as practicable after a Distribution Date, Rights Certificates will be mailed to holders of record of the Common Stock as of the close of business on a Distribution Date and, thereafter, the separate Rights Certificates alone will represent the Rights. Except as otherwise determined by the Board, only shares of Common Stock issued prior to a Distribution Date will be issued with the Rights.
 
 
 
 
 
C-2
 
 
 
 





















Exercise Period
Prior to a Distribution Date (as defined below), the Rights are not exercisable.
 
Subject to certain exceptions specified in the Plan, the Rights will separate from the Common Stock and a distribution date (a “Distribution Date”) will occur upon the earlier of (i) ten (10) business days following a public announcement that a person or group of affiliated or associated persons (an “Acquiring Person”) has acquired beneficial ownership of 4.9% or more of the outstanding shares of Common Stock (the “Stock Acquisition Date”), other than as a result of (x) repurchases of stock by the Company, (y) a stock dividend, stock split, reverse stock split or similar transaction or (z) certain inadvertent actions by certain stockholders; and (ii) ten (10) business days (or such later date as the Board shall determine) following the commencement after the date of the Plan of a tender offer or exchange offer that, if consummated, would result in a person or group becoming an Acquiring Person. However, no person who, at the time of the first public announcement of the Plan, beneficially owned 4.9% or more of the outstanding shares of Common Stock will be deemed an Acquiring Person, unless and until such person acquires beneficial ownership of additional shares of Common Stock, with certain exceptions. In addition, no person who beneficially owns 4.9% or more of the outstanding shares of Common Stock will be deemed an Acquiring Person if the Board, in its sole discretion, so determines in light of the intent and purposes of the Plan or other circumstances facing the Company. For purposes of the Plan, beneficial ownership is defined to include any securities which a person would be deemed to constructively own or which otherwise would be aggregated with shares owned by a person pursuant to Section 382 of the Code.
 
Pursuant to the Plan, the Company reserves the right to require prior to the occurrence of a Triggering Event (as defined below) that, upon any exercise of Rights, a number of Rights be exercised so that only (i) whole shares of Common Stock or (ii) whole shares of Preferred Stock and fractional shares of Preferred Stock that are integral multiples of one one-thousandth of a share of Preferred Stock will be issued.
 
Expiration
The Rights will expire on the earliest of (i) 5:00 P.M., New York, New York time, on March 15, 2021, (ii) the time at which the Rights are redeemed pursuant to the Plan, (iii) the time at which the Rights are exchanged pursuant to the Plan, (iv) the close of business on the effective date of the repeal of Section 382 or any successor statute if the Board determines that the Plan is no longer necessary or desirable for the preservation of Tax Benefits or (v) the close of business on the first day of a taxable year of the Company to which the Board determines that Tax Benefits may not be carried forward.
 
 
 
 
C-3
 
 
 
 




Flip-in Trigger
If any person or group of affiliated or associated persons becomes an Acquiring Person, each holder of a Right (other than Rights owned by an Acquiring Person, its affiliates, associates or certain transferees, which will become void) will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property or other securities of the Company (including the Preferred Stock)) having a value equal to two times the exercise price of the Right. However, Rights are not exercisable following the occurrence of the event set forth above until such time as the Rights are no longer redeemable by the Company as set forth below.
Flip-over Trigger
If, at any time following the Stock Acquisition Date, (i) the Company engages in a merger or other business combination transaction in which the Company is not the surviving corporation, (ii) the Company engages in a merger or other business combination transaction in which the Company is the surviving corporation and the Common Stock of the Company is changed or exchanged, or (iii) fifty percent (50%) or more of the Company’s assets, cash flow or earning power is sold or transferred, each holder of a Right (except Rights which have previously been voided as set forth above) shall thereafter have the right to receive, upon exercise, common stock of the acquiring company having a value equal to two times the exercise price of the Right. The events set forth in this paragraph and in the paragraph under the heading “Flip-in Trigger” are referred to as the “Triggering Events.”
Exchange Feature
At any time after a person or group of affiliated or associated persons becomes an Acquiring Person and prior to the acquisition by such person or group of fifty percent (50%) or more of the outstanding Common Stock, the Board may, in lieu of allowing Rights to be exercised, exchange the Rights (other than Rights owned by such person or group that have become null and void), in whole or in part, for Common Stock or Preferred Stock at an exchange ratio (the “Exchange Ratio”) of one share of Common Stock, or one one-thousandth of a share of Preferred Stock (or of a share of a class or series of the Company’s preferred stock having equivalent rights, preferences and privileges), per Right (subject to adjustment). Immediately upon the action of the Board ordering the exchange of any Rights, the right to exercise such Rights will terminate and the only right thereafter of the holder of such Right will be to receive the Exchange Ratio.
Equitable Adjustments
The Purchase Price payable, and the number of Units of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a dividend on the Preferred Stock payable in shares of Preferred Stock, a subdivision or split of outstanding shares of Preferred Stock, a combination or consolidation of Preferred Stock into a smaller number of shares through a reverse stock split or otherwise, or reclassification of the Preferred Stock, (ii) if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock, or (iii) upon the distribution to holders of the Preferred Stock of cash (excluding regular quarterly cash dividends), assets, evidences of indebtedness or of subscription rights or warrants (other than those referred to above).
 
With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments amount to at least one percent (1%) of the Purchase Price. The Company will not be required to issue fractions of shares of Preferred Stock (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock). In lieu of the issuance of fractional shares of Preferred Stock that are not integral multiples of one one-thousandth of a share of Preferred Stock, the Company may pay to the holders of Rights Certificates at the time such Rights are exercised an amount in cash equal to the same fraction of the current market value (based on the market price of the Preferred Stock on the last trading date prior to exercise) of one one-thousandth of a share of Preferred Stock.
 
 
 
 
 
C-4
 
 
 
 




Redemption Rights
At any time until the earlier of (i) ten business days following the Stock Acquisition Date or (ii) March 15, 2021, the Board may redeem all (but not less than all) the Rights at a price (subject to adjustment) of $0.001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the Board). Immediately upon the action of the Board ordering redemption of the Rights, the Rights will terminate and the only right of the holders of Rights will be to receive the $0.001 redemption price.
Amendment
Prior to a Distribution Date, the provisions of the Plan may be amended or supplemented by the Company (acting through the Board) and the Rights Agent, other than to extend the final expiration date of the Rights, without the approval of any holders of shares of Common Stock. After a Distribution Date, the provisions of the Plan may be amended by the Company (acting through the Board) and the Rights Agent in order to cure any ambiguity, to correct or supplement any provision that may be defective or inconsistent with any other provisions of the Plan, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Plan, except that the Plan may not be amended to extend the final expiration date of the Rights without stockholder approval. Notwithstanding the foregoing, no amendment may be made at such time as the Rights are not redeemable, except for certain limited technical amendments, including to cure any ambiguity or correct or supplement any provision contained in the Plan which may be defective or inconsistent with any other provision therein.
Anti-Takeover Effects
The Rights may have certain anti-takeover effects. The Rights may cause substantial dilution to any person or group that attempts to acquire the Company without the approval of the Board. As a result, the overall effect of the Rights may be to render more difficult or discourage a merger, tender offer or other business combination involving the Company that is not supported by the Board.
Miscellaneous
Until a Right is exercised, the holder thereof, as such, will have no separate rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends in respect of the Rights. Although the distribution of the Rights will not be taxable to stockholders or to the Company for U.S. federal income tax purposes, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Stock (or other consideration) of the Company or for common stock of the acquiring company or in the event of the redemption of the Rights as set forth above.
 
 
A copy of the Plan has been or will be filed with the Securities and Exchange Commission as an Exhibit to a Registration Statement on Form 8-A or a Current Report on Form 8-K. A copy of the Plan is available free of charge from the Company. This summary description of the Rights does not purport to be complete and is qualified in its entirety by reference to the Plan, which is incorporated herein by reference.
 
 
 
 
C-5
 




 EX-21.1 3 actgex211123118.htm EXHIBIT 21.1 Exhibit



EXHIBIT 21.1

SUBSIDIARIES OF THE REGISTRANT
 

The following is a listing of the significant subsidiaries of Acacia Research Corporation:
 
Jurisdiction of
Incorporation
 
 
Acacia Global Acquisition LLC and subsidiaries
Delaware
 
 
Acacia Research Group, LLC, formerly Acacia Patent Acquisition, LLC and subsidiaries
Delaware

Acacia Global Acquisition LLC and Acacia Research Group, LLC, wholly own multiple consolidated operating subsidiaries, that are included in Acacia Research Corporation's consolidated financial statements included elsewhere herein, each of which are separate and distinct legal entities, and all of which are in the patent acquisition, development, licensing and enforcement business.  All of the operating subsidiaries wholly owned by Acacia Global Acquisition LLC and Acacia Research Group, LLC operate in the United States.




 EX-23.1 4 actgex231123118.htm EXHIBIT 23.1 Exhibit



EXHIBIT 23.1




CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We have issued our reports dated March 15, 2019, with respect to the consolidated financial statements and internal control over financial reporting included in the Annual Report of Acacia Research Corporation on Form 10-K for the year ended December 31, 2018. We hereby consent to the incorporation by reference of said reports in the Registration Statements of Acacia Research Corporation on Forms S-8 (File No. 333-189135 and File No. 333-217878).


/s/ GRANT THORNTON LLP

Newport Beach, California
March 15, 2019





EX-31.1 5 actgex311123118.htm EXHIBIT 31.1 Exhibit


EXHIBIT 31.1
 
CERTIFICATION
 
I, Marc W. Booth, certify that:
1.
I have reviewed this Annual Report on Form 10-K of Acacia Research Corporation;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 
Dated:
March 15, 2019
/s/ Marc W. Booth
 
 
Marc W. Booth
Chief Intellectual Property Officer
(Principal Executive Officer)
 


 EX-31.2 6 actgex312123118.htm EXHIBIT 31.2 Exhibit


EXHIBIT 31.2
 
CERTIFICATION
 
I, Kirsten L. Hoover, certify that:
1.
I have reviewed this Annual Report on Form 10-K of Acacia Research Corporation;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Dated:
March 15, 2019
/s/ Kirsten L. Hoover
 
 
Kirsten L. Hoover
Corporate Controller
(Principal Financial Officer)




 EX-32.1 7 actgex321123118.htm EXHIBIT 32.1 Exhibit



EXHIBIT 32.1
 
CERTIFICATION
In connection with the Annual Report of Acacia Research Corporation (the “Company”) on Form 10-K for the fiscal year ended December 31, 2018, as filed with the Securities and Exchange Commission on March 15, 2019 (the “Report”), I, Marc W. Booth, Chief Intellectual Property Officer of the Company, certify, pursuant to Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934 (15 U.S.C. 78m or 780(d)) and 18 U.S.C. Section 1350, that to the best of my knowledge:
1.    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.    The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


 

 

 
 
By:
/s/ Marc W. Booth
 
 
Marc W. Booth
 
 
Chief Intellectual Property Officer

 
 
March 15, 2019



This certification accompanies this Report pursuant to Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934.




EX-32.2 8 actgex322123118.htm EXHIBIT 32.2 Exhibit



EXHIBIT 32.2
 

CERTIFICATION

In connection with the Annual Report of Acacia Research Corporation (the “Company”) on Form 10-K for the fiscal year ended December 31, 2018, as filed with the Securities and Exchange Commission on March 15, 2019 (the “Report”), I, Kirsten L. Hoover, Corporate Controller of the Company, certify, pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 780(d)) and 18 U.S.C. Section 1350, that to the best of my knowledge:
1.    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.    The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



 

 
 

 
By:
/s/ Kirsten L. Hoover
 
 
Kirsten L. Hoover
 
 
Corporate Controller
 
 
March 15, 2019


This certification accompanies this Report pursuant to Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934.



 EX-101.SCH 9 actg-20181231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2106100 - Disclosure - Accounts Payable and Accrued Expenses link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Accounts Payable and Accrued Expenses (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Accounts Payable and Accrued Expenses (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Commitments and Contingencies Operating Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1001001 - Statement - Consolidated Balance Sheets Parentheticals link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Comprehensive Income (Loss) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 1002001 - Statement - Consolidated Statements of Operations Parentheticals link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements of Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 1004001 - Statement - Consolidated Statements of Stockholders' Equity Parentheticals link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Description of Business link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Description of Business (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2421402 - Disclosure - Fair Value Disclosures (Details) link:presentationLink link:calculationLink link:definitionLink 2121100 - Disclosure - Fair Value Disclosures (Notes) link:presentationLink link:calculationLink link:definitionLink 2321301 - Disclosure - Fair Value Disclosures (Tables) link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - Goodwill Impairment Charges (Details) link:presentationLink link:calculationLink link:definitionLink 2412403 - Disclosure - Goodwill Impairment Charges Details (Details) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Goodwill Impairment Charges (Notes) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - Goodwill Impairment Charges (Tables) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2415404 - Disclosure - Income Taxes Deferred Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2415405 - Disclosure - Income Taxes Income Tax Rate (Details) link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Income Taxes Provision for Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Investments (Details) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Investments (Notes) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Patents link:presentationLink link:calculationLink link:definitionLink 2408403 - Disclosure - Patents Cost and Accumulated Amortization (Details) link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Patents (Details) link:presentationLink link:calculationLink link:definitionLink 2408404 - Disclosure - Patents Future Amortization Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Patents (Tables) link:presentationLink link:calculationLink link:definitionLink 2123100 - Disclosure - Quarterly Financial Data link:presentationLink link:calculationLink link:definitionLink 2423402 - Disclosure - Quarterly Financial Data (Details) link:presentationLink link:calculationLink link:definitionLink 2323301 - Disclosure - Quarterly Financial Data (Tables) link:presentationLink link:calculationLink link:definitionLink 2420402 - Disclosure - Recent Accounting Pronouncements (Details) link:presentationLink link:calculationLink link:definitionLink 2120100 - Disclosure - Recent Accounting Pronouncements (Notes) link:presentationLink link:calculationLink link:definitionLink 2320301 - Disclosure - Recent Accounting Pronouncements (Tables) link:presentationLink link:calculationLink link:definitionLink 2422402 - Disclosure - Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 2122100 - Disclosure - Related Party Transactions (Notes) link:presentationLink link:calculationLink link:definitionLink 2322301 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Retirement Savings Plan and Executive Severance Policy link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - Retirement Savings Plan and Executive Severance Policy Detail (Details) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Short-term Investments link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Short-term Investments (Details) link:presentationLink link:calculationLink link:definitionLink 2404403 - Disclosure - Short-term Investments Marketable Securities (Details) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - Short-term Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Stock-Based Incentive Plans link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Stock-Based Incentive Plans (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Stock-Based Incentive Plans Nonvested Restriced Stock (Details) link:presentationLink link:calculationLink link:definitionLink 2416405 - Disclosure - Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details) link:presentationLink link:calculationLink link:definitionLink 2416406 - Disclosure - Stock-Based Incentive Plans Schedule of Grants by Type (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Stock-Based Incentive Plans Stock Options (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Stock-Based Incentive Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2402404 - Disclosure - Summary of Significant Accounting Policies Concentrations (Details) link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 2402406 - Disclosure - Summary of Significant Accounting Policies Earnings per share (Details) link:presentationLink link:calculationLink link:definitionLink 2402407 - Disclosure - Summary of Significant Accounting Policies Impact of revision (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2402405 - Disclosure - Summary of Significant Accounting Policies Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Supplemental Cash Flow Information link:presentationLink link:calculationLink link:definitionLink 2419401 - Disclosure - Supplemental Cash Flow Information (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 actg-20181231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 11 actg-20181231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 12 actg-20181231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Share-based Compensation [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Award Type [Axis] Award Type [Domain] Equity Award [Domain] Restricted Stock [Member] Restricted Stock [Member] Share-based Compensation Arrangement by Share-based Payment Award Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Nonvested at December 31, 2015 Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Canceled Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Nonvested at December 31, 2016 Nonvested, weighted average grant date fair value at December 31, 2015 Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Granted, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Vested, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Canceled, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Nonvested, weighted average grant date fair value at December 31, 2016 Income Tax Disclosure [Abstract] Effective income tax rate reconciliation goodwill Effective income tax rate reconciliation goodwill Effective income tax rate reconciliation goodwill Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] Effective Income Tax Rate Reconciliation, Percent [Abstract] Statutory federal tax rate Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent State income and foreign taxes, net of federal tax effect Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent Foreign tax credit Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent Noncontrolling interests in operating subsidiaries Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent Non deductible permanent items Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent Expired net operating loss carryforwards Effective income tax rate reconcilation, expired net operating losses Effective income tax rate reconcilation, expired net operating losses Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Valuation allowance Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Total Effective Income Tax Rate Reconciliation, Percent Fair Value Disclosures [Abstract] Accounting Policies [Abstract] New Accounting Pronouncements and Changes in Accounting Principles [Text Block] New Accounting Pronouncements and Changes in Accounting Principles [Text Block] Statement [Table] Statement [Table] Financial Instrument [Axis] Financial Instrument [Axis] Financial Instruments [Domain] Financial Instruments [Domain] Warrant [Member] Warrant [Member] Common Stock [Member] Common Stock [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Domain] Fair Value Hierarchy and NAV [Domain] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] Fair Value, Inputs, Level 3 [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Statement [Line Items] Statement [Line Items] Debt Securities, Trading Debt Securities, Trading Paid Up Revenues Paid Up Revenues Paid Up Revenues Cumulative Effect of New Accounting Principle in Period of Adoption Cumulative Effect of New Accounting Principle in Period of Adoption Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value Short-term investments Short-term Investments Trading Securities, Equity Trading Securities, Equity Investment warrants Investment warrants Investment warrants and shares Investments at fair value - common stock Investments at fair value - common stock Investments at fair value - common stock Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate Fair Value Assumptions, Expected Term Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term Period after quarter end licensees report activity Period after quarter end licensees report activity Period after quarter end licensees report activity Lag time in recognizing revenues from licensee's quarter Lag time in recognizing revenues from licensees' quarter Lag time in recognizing revenues from licensees' quarter Patents, useful life Finite-Lived Intangible Asset, Useful Life Fair Value Assumptions, Weighted Average Volatility Rate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend Gain on Conversion of Loan and Accrued Interest Gain on Conversion of Loan and Accrued Interest Gain on Conversion of Loan and Accrued Interest Gain on exercise of Primary Warrant Gain on exercise of Primary Warrant Gain on exercise of Primary Warrant Change in fair value of investment Change in fair value of investment Change in fair value of investment Realized Investment Gains (Losses) Realized Investment Gains (Losses) Proceeds from Sale of Other Investments Proceeds from Sale of Other Investments Change in fair value of warrants Change in fair value of warrants Change in fair value of warrants Investment at Fair Value Purchases and Issues Investment at Fair Value Purchases and Issues Investment at Fair Value Purchases and Issues Recurring Revenues Recurring Revenues Recurring Revenues Payments for Legal Settlements Payments for Legal Settlements Sales proceeds Patent Sales Patent Sales Revenues Revenues Investments at fair value Investments at fair value Investments at fair value Fair Value of Profits Interest Fair Value of Profits Interest Fair Value of Profits Interest Non-cash stock compensation - profits interest Non-cash stock compensation - profits interest Non-cash stock compensation - profits interest Retirement Benefits [Abstract] Asset Retirement Obligation, Cash Paid to Settle Severance Costs DESCRIPTION OF BUSINESS [Abstract] DESCRIPTION OF BUSINESS [Abstract] Description of Business [Table] Description of Business [Table] Description of Business [Table] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] ADAPTIX, Inc. [Member] ADAPTIX, Inc. [Member] ADAPTIX, Inc. [Member] Description of Business [Line Items] Description of Business [Line Items] [Line Items] for Description of Business [Table] Number of patent portfolios acquired Number of patent portfolios acquired Number of patent portfolios acquired Stockholders' Equity Note [Abstract] Stockholders' Equity Stockholders' Equity Note Disclosure [Text Block] Schedule of Other Share-based Compensation, Activity [Table Text Block] Schedule of Other Share-based Compensation, Activity [Table Text Block] Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block] Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block] Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block] Stock Options Activity Share-based Compensation, Stock Options, Activity [Table Text Block] Nonvested Restricted Stock Activity Schedule of Nonvested Share Activity [Table Text Block] Restricted Stock Units Activity Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] Supplemental Cash Flow Information [Abstract] Supplemental Cash Flow Information Cash Flow, Supplemental Disclosures [Text Block] Statement of Financial Position [Abstract] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Preferred stock, shares authorized Preferred Stock, Shares Authorized Preferred stock, par value per share Preferred Stock, Par or Stated Value Per Share Preferred stock, shares issued Preferred Stock, Shares Issued Preferred stock, shares outstanding Preferred Stock, Shares Outstanding Common stock, par value per share Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Common stock, shares outstanding Common Stock, Shares, Outstanding Treasury stock, shares Treasury Stock, Shares Schedule of Property and Equipment [Table] Property, Plant and Equipment [Table] Property and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Furniture and Fixtures [Member] Furniture and Fixtures [Member] Computer Hardware and Software [Member] Computer Hardware and Software [Member] Computer Hardware and Software [Member] Leasehold Improvements [Member] Leasehold Improvements [Member] Property and Equipment [Line Items] Property, Plant and Equipment [Line Items] Estimated useful lives, years Property, Plant and Equipment, Estimated Useful Lives Patents [Abstract] Patents [Abstract] Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table] Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Patents [Member] Patents [Member] Patents [Line Items] Acquired Finite-Lived Intangible Assets [Line Items] Capitalized patent costs Patent cost, disposals Patent cost, disposals Gross carrying amount - patents Patents, Gross Patents, Gross Accumulated amortization - patents Patents, Accumulated Amortization Patents, Accumulated Amortization Patents, net Patents, net of accumulated amortization Carrying value for patents, net of accumulated amortization. Patents, weighted average useful life Acquired Finite-lived Intangible Assets, Weighted Average Useful Life Payments to acquire intangible assets Payments to Acquire Intangible Assets Acquired Finite Lived Intangible Asset, Useful Life Acquired Finite Lived Intangible Asset, Useful Life Acquired Finite Lived Intangible Asset, Useful Life Accrued patent acquisition related payments Accrued Patent Acquisition Related Payments Accrued Patent Acquisition Related Payments Accelerated amortization expense Accelerated amortization expense Accelerated amortization expense Accelerated amortization expense (termination) Accelerated amortization expense (termination/sale) Accelerated amortization expense (termination/sale) Impairment of Patent-Related Intangible Assets Impairment of Intangible Assets, Finite-lived Impairment of Intangible Assets (Excluding Goodwill) Impairment of Intangible Assets (Excluding Goodwill) Accumulated amortization / impairment charges Accumulated amortization, disposals Accumulated amortization, disposals Related Party Transactions [Abstract] Related Party Transaction, Expenses from Transactions with Related Party Related Party Transaction, Expenses from Transactions with Related Party Investment [Axis] Investment [Axis] Investment [Domain] Investment [Domain] Veritone [Member] Veritone [Member] Veritone [Member] Valuation Approach and Technique [Axis] Valuation Approach and Technique [Axis] Valuation Approach and Technique [Domain] Valuation Approach and Technique [Domain] Geometric Brownian Motion [Member] Geometric Brownian Motion [Member] Geometric Brownian Motion [Member] Finnerty - Profits Interests [Member] Finnerty - Profits Interests [Member] Finnerty - Profits Interests [Member] Ownership of Voting Interests [Axis] Ownership of Voting Interests [Axis] Ownership of Voting Interests [Axis] Ownership of Voting Interests [Domain] Ownership of Voting Interests [Domain] [Domain] for Ownership of Voting Interests [Axis] Less than 10% [Member] Less than 10% [Member] Less than 10% [Member] 10% or More [Member] 10% or More [Member] 10% or More [Member] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] 2007 Plan [Member] 2007 Plan [Member] 2007 Plan [Member] 2016 Plan [Member] 2016 Plan [Member] 2016 Plan [Member] Discretionary Option Grant Program [Member] Discretionary Option Grant Program [Member] Discretionary Option Grant Program [Member] Stock Issuance Program [Member] Stock Issuance Program [Member] Stock Issuance Program [Member] 2002 Stock Plan [Member] 2002 Stock Plan [Member] 2002 Stock Plan [Member] 2013 Plan [Member] 2013 Plan [Member] 2013 Plan [Member] 2013 Stock Plan [Member] 2013 Stock Plan [Member] 2013 Stock Plan [Member] Employee Stock Option [Member] Employee Stock Option [Member] Restricted stock awards with time based vesting conditions [Member] Restricted stock awards with time based vesting conditions [Member] Restricted stock awards with time based vesting conditions [Member] Nonstatutory Options [Member] Nonstatutory Options [Member] Nonstatutory Options [Member] Incentive Stock Options [Member] Incentive Stock Options [Member] Incentive Stock Options [Member] Restricted Stock Units (RSUs) [Member] Restricted Stock Units (RSUs) [Member] Restricted stock unit awards with time-based vesting conditions [Member] Restricted stock unit awards with time-based vesting conditions [Member] Restricted stock unit awards with time-based vesting conditions [Member] Restricted stock unit awards with performance based vesting conditions [Member] Restricted stock unit awards with performance based vesting conditions [Member] Restricted stock unit awards with performance based vesting conditions [Member] Stock options with time-based vesting conditions [Member] Stock options with time-based vesting conditions [Member] Stock options with time-based vesting conditions [Member] Stock options with market-based vesting conditions [Member] Stock options with market-based vesting conditions [Member] Stock options with market-based vesting conditions [Member] Stock options with performance-based vesting conditions [Member] Stock options with performance-based vesting conditions [Member] Stock options with performance-based vesting conditions [Member] Deferred Profit Sharing [Member] Deferred Profit Sharing [Member] Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value Employee Service Share-based Compensation, Awards with market Cond, Compensation Cost Not yet Recognized Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition Non-cash stock compensation Share-based Compensation Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value Percentage of fair market value on grant date, minimum exercise price Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent Increase in number of shares available, percentage of outstanding shares on last trading day of prior December Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase By Percentage Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase By Percentage Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance Ownership percent of voting stock Ownership Percent of Voting Stock Ownership Percent of Voting Stock Aggregate shares available for issuance Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Number of shares available for grant Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Aggregate intrinsic value of options exercised Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value Weighted average grant date fair value of restricted stock granted Aggregate fair value of restricted stock vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value Total unrecognized compensation expense for nonvested awards Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Weighted average period over which unrecognized compensation expense will be recognized Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Number of shares of common stock reserved for issuance Common Stock, Capital Shares Reserved for Future Issuance Beneficial Ownership Percentage Limit Beneficial Ownership Percentage Limit Beneficial Ownership Percentage Limit Fair Value of Profits Interest Term specific volatility Term specific volatility Term specific volatility Share Price Share Price Accounts Payable and Accrued Liabilities, Current [Abstract] Payroll and other employee benefits Employee-related Liabilities, Current Accrued vacation Accrued Vacation Accrued legal expenses - patent Accrued Legal Expenses - Patent Accrued Legal Expenses - Patent Accrual for court ordered attorneys fees Accrual for court ordered attorneys fees Accrual for court ordered attorneys fees Foreign taxes payable Foreign taxes payable Amounts due to foreign jurisdictions for income taxes. Accrued consulting and other professional fees Accrued Professional Fees, Current Other accrued liabilities Other Accrued Liabilities, Current Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities, Current Accounts Payable and Accrued Expenses / Costs Accounts Payable and Accrued Liabilities Disclosure [Text Block] Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Patents [Line Items] Finite-Lived Intangible Assets [Line Items] Proceeds from Sale of Intangible Assets Proceeds from Sale of Intangible Assets Net income (loss) attributable to Acacia Research Corporation Net Income (Loss) Attributable to Parent Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Payments of Dividends Payments of Dividends Dividends attributable to common stockholders under the two class method Dividends attributable to common stockholders under the two class method Add Back of Dividends attributable to common stockholders under the two class method Net Loss Available to Common Stockholders, Basic and Diluted Net Income (Loss) Available to Common Stockholders, Basic Weighted Average Number of Shares Outstanding, Basic Weighted Average Number of Shares Outstanding, Basic Weighted Average Number Diluted Shares Outstanding Adjustment Weighted Average Number Diluted Shares Outstanding Adjustment Weighted Average Number of Shares Outstanding, Diluted Weighted Average Number of Shares Outstanding, Diluted Earnings Per Share, Basic and Diluted Earnings Per Share, Basic and Diluted Anti-dilutive equity-based incentive awards excluded from the computation of diluted income (loss) per share Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Share-based Awards, Restricted Stock Units, Vested Oustanding Share-based Awards, Restricted Stock Units, Vested Oustanding Share-based Awards, Restricted Stock Units, Vested Oustanding Share-based Compensation Arrangement Restricted Stock Units, Nonvested Share-based Compensation Arrangement Restricted Stock Units, Nonvested Share-based Compensation Arrangement Restricted Stock Units, Nonvested Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested During Period Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested During Period Vested outstanding Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Outstanding Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Outstanding Vested, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Weighted Average Grant Date Fair Value Vested outstanding, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Weighted Average Grant Date Fair Value Commitments and Contingencies Disclosure [Abstract] Year: Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] 2018 Operating Leases, Future Minimum Payments Due, Next Twelve Months 2019 Operating Leases, Future Minimum Payments, Due in Two Years 2020 Operating Leases, Future Minimum Payments, Due in Three Years 2021 Operating Leases, Future Minimum Payments, Due in Four Years 2022 Operating Leases, Future Minimum Payments, Due in Five Years Total minimum lease payments Operating Leases, Future Minimum Payments Due Patents Patents [Table Text Block] Patents [Table Text Block] Patent costs and accumulated amortization related to patent sales and disposals [Table Text Block] Patent costs and accumulated amortization, and sales proceeds and other costs related to patent sales and disposals [Table Text Block] Patent costs and accumulated amortization, and sales proceeds and other costs related to patent sales and disposals [Table Text Block] QUARTERLY FINANCIAL DATA (unaudited) [Abstract] QUARTERLY FINANCIAL DATA (unaudited) [Abstract] Inventor royalties Royalty Expense Contingent legal fees Contingent legal fees Contingent legal fees paid or payable to external counsel. Patent acquisition expenses Patent acquisition expenses Patent acquisition expenses Litigation and licensing expenses - patents Litigation and licensing expenses - patents Expenses incurred directly related to litigation and licensing of patents. Amortization of patents Amortization of Intangible Assets Marketing, general and administrative expenses (including non-cash stock compensation expense) General and Administrative Expense Other expenses - business development Research, consulting and other expenses - business development Expenses incurred directly related to business development research, consulting and other expenses. Impairment of Goodwill Goodwill, Impairment Loss Other Other Cost and Expense, Operating Total portfolio operations Operating Costs and Expenses Operating loss Operating Income (Loss) Net portfolio income (loss) Net portfolio income (loss) Net portfolio income (loss) Total other income (expense) Other Nonoperating Income (Expense) Income (loss) from operations before (provision for) benefit from income taxes Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (Provision) benefit for income taxes Income Tax Expense (Benefit) Net income (loss) including noncontrolling interests in subsidiaries Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net (income) loss attributable to noncontrolling interests in subsidiaries Net Income (Loss) Attributable to Noncontrolling Interest Net income (loss) attributable to Acacia Research Corporation Weighted Average Number of Shares Outstanding, Basic and Diluted Weighted Average Number of Shares Outstanding, Basic and Diluted Goodwill and Intangible Assets Disclosure [Abstract] Schedule of Goodwill [Table] Schedule of Goodwill [Table] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Segments [Axis] Segments [Axis] Segments [Domain] Segments [Domain] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Goodwill [Line Items] Goodwill [Line Items] Goodwill, Impairment Loss Goodwill and Patent Impairment Charges [Abstract] Goodwill and Patent Impairment Charges [Abstract] Goodwill Goodwill Estimated Fair Value of the Reporting Unit Estimated Fair Value of the Reporting Unit Estimated Fair Value of the Reporting Unit, Cost Synergies Approach Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach Assets Assets Accounts Payable and Accrued Expenses / Costs Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] Disaggregation of Revenue [Table Text Block] Disaggregation of Revenue [Table Text Block] Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Property and Equipment, Useful Lives Property and Equipment, Useful Lives [Table Text Block] Property and Equipment, Useful Lives [Table Text Block] Schedule of Earnings Per Share, Basic and Diluted Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block] Fair Value Disclosures [Text Block] Fair Value Disclosures [Text Block] Concentration Risk [Table] Concentration Risk [Table] Concentration Risk Type [Axis] Concentration Risk Type [Axis] Name of Major Customer [Domain] Customer [Domain] Licensee 1 [Member] Licensee 1 [Member] Licensee 1 [Member] Licensee 2 [Member] Licensee 2 [Member] Licensee 2 [Member] Licensee 3 [Member] Licensee 3 [Member] Licensee 3 [Member] Licensee 4 [Member] Licensee 4 [Member] Licensee 4 [Member] Licensees in foreign jurisdictions [Member] Licensees in foreign jurisdictions [Member] Licensees in foreign jurisdictions [Member] Concentration Risk by Benchmark [Axis] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Domain] Revenue, Rights Granted [Member] Revenue, Rights Granted [Member] Accounts Receivable [Member] Accounts Receivable [Member] Concentration Risk [Line Items] Concentration Risk [Line Items] Concentration risk, percentage Concentration Risk, Percentage Investments, All Other Investments [Abstract] Investments and Other Noncurrent Assets [Text Block] Cost and Equity Method Investments Disclosure [Text Block] Short-term Investments [Abstract] Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Short-term Investments Marketable Securities [Table Text Block] 2018 Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 2019 Finite-Lived Intangible Assets, Amortization Expense, Year Two 2020 Finite-Lived Intangible Assets, Amortization Expense, Year Three 2021 Finite-Lived Intangible Assets, Amortization Expense, Year Four 2022 Finite-Lived Intangible Assets, Amortization Expense, Year Five After Year Five Finite-Lived Intangible Assets, Amortization Expense, after Year Five Short-Term Investments Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Contributing shares [Axis] Contributing shares [Axis] Contributing shares [Axis] Contributing shares [Domain] Contributing shares [Domain] [Domain] for Contributing shares [Axis] Veritone Loans [Member] Veritone Loans [Member] Veritone Loans [Member] Primary warrant [Member] Primary warrant [Member] Primary warrant [Member] Bridge Loan [Member] Bridge Loan [Member] Investment Type [Axis] Investment Type [Axis] Investments [Domain] Investments [Domain] Monte Carlo [Member] Monte Carlo [Member] Monte Carlo [Member] Finnerty - Common Stock [Member] Finnerty - Common Stock [Member] Finnerty - Common Stock [Member] Finnerty - Warrants [Member] Finnerty - Warrants [Member] Finnerty - Warrants [Member] Black Scholes [Member] Black Scholes [Member] Black Scholes [Member] Investment, Name [Axis] Investment, Name [Axis] Investment, Name [Domain] Investment, Name [Domain] First Loan [Member] First Loan [Member] First Loan [Member] Second Loan [Member] [Member] Second Loan [Member] [Member] Second Loan Accounts, Notes, Loans and Financing Receivable [Line Items] Accounts, Notes, Loans and Financing Receivable [Line Items] Income (Loss) from Equity Method Investments Income (Loss) from Equity Method Investments Cash Paid for Investment Cash Paid for Investment Cash Paid for Investment Assets, Current Assets, Current Receivable with Imputed Interest, Effective Yield (Interest Rate) Receivable with Imputed Interest, Effective Yield (Interest Rate) Percentage of ownership, Veritone Percentage of ownership, Veritone Percentage of ownership, Veritone First Loan Warrant First Loan Warrant First Loan Warrant Time-sharing Transactions, Stated Interest Rate for Notes Receivable Time-sharing Transactions, Stated Interest Rate for Notes Receivable Maximum Investment in Veritone Maximum Investment in Veritone Maximum Investment in Veritone Secured Promissory Note Advance Secured Promissory Note Advance Secured Promissory Note Advance 1st Loan Warrant Condition: Proceeds from Private Financing 1st Loan Warrant Condition: Proceeds from Private Financing 1st Loan Warrant Condition: Proceeds from Private Financing Second Loan Warrant Second Loan Warrant Second Loan Warrant Veritone Primary Warrant Veritone Primary Warrant Veritone Primary Warrant Primary Warrant Condition: Offering Proceeds Primary Warrant Condition: Offering Proceeds Primary Warrant Condition: Offering Proceeds Secured Convertible Promissory Note Secured Convertible Promissory Note Secured Convertible Promissory Note Unamortized loan discount Unamortized loan discount Unamortized loan discount Investment Income, Interest Investment Income, Interest Fair value inputs recovery Fair value inputs recovery Fair value inputs recovery Loan receivable and accrued interest Long-term Investments and Receivables, Net Total Investment, Long Term Total Investment, Long Term Total Investment, Long Term Interest Receivable Interest Receivable Accretion (Amortization) of Discounts and Premiums, Investments Accretion (Amortization) of Discounts and Premiums, Investments Interest income and other Interest Income, Other Loss on fair value investment net Loss on fair value investment net Loss on fair value investment net Gross Profit Gross Profit Operating Expenses Operating Expenses Other Operating Income (Expense), Net Other Operating Income (Expense), Net Net Income (Loss) Available to Common Stockholders, Diluted Net Income (Loss) Available to Common Stockholders, Diluted Basic and diluted loss per common share Earnings Per Share, Basic Assets, Noncurrent Assets, Noncurrent Liabilities, Current Liabilities, Current Liabilities, Noncurrent Liabilities, Noncurrent Liabilities Liabilities Preferred Stock, Value, Outstanding Preferred Stock, Value, Outstanding Stockholders' Equity Attributable to Parent Stockholders' Equity Attributable to Parent Total liabilities, preferred stock and stockholders' equity Total liabilities, preferred stock and stockholders' equity Total liabilities, preferred stock and stockholders' equity Debt Instrument, Convertible, Conversion Price Debt Instrument, Convertible, Conversion Price Primary warrant shares Primary warrant shares Primary warrant shares Cash paid for primary warrant exercise Cash paid for primary warrant exercise Cash paid for primary warrant exercise 10% Warrant 10% Warrant 10% Warrant Bridge Loan Bridge Loan Bridge loan stated interest rate Bridge loan stated interest rate Bridge loan stated interest rate Veritone Bridge Loan Advance 1 Veritone Bridge Loan Advance 1 Veritone Bridge Loan Advance 1 Veritone Bridge Loan Advance 3 and 4 Veritone Bridge Loan Advance 3 and 4 Veritone Bridge Loan Advance 3 and 4 Upfront Shares Upfront Shares Upfront Shares Bridge Installment Shares Bridge Installment Shares Bridge Installment Shares Bridge Warrant Share Bridge Warrant Share Bridge Warrant Share Investment Owned, Balance, Shares Investment Owned, Balance, Shares Fair Value Investment - Shares sold Fair Value Investment - Shares sold Fair Value Investment - Shares sold Equity Method Investment, Ownership Percentage Equity Method Investment, Ownership Percentage Sale of Stock, Price Per Share Sale of Stock, Price Per Share Realized Investment Gains (Losses) Realized loss on sale of Veritone Realized loss on sale of Veritone Percentage of ownership, Miso Robotics Percentage of ownership, Miso Robotics Percentage of ownership, Miso Robotics Schedule of Available-for-sale Securities [Table] Schedule of Available-for-sale Securities [Table] Debt Securities, Available-for-sale [Line Items] Debt Securities, Available-for-sale [Line Items] Proceeds from Sale of Debt Securities, Available-for-sale Proceeds from Sale of Debt Securities, Available-for-sale Available-for-sale securities, amortized cost Available-for-sale Securities, Amortized Cost Basis Available-for-sale securities, gross unrealized gains Available-for-sale Securities, Gross Unrealized Gain Available-for-sale securities, gross unrealized losses Available-for-sale Securities, Gross Unrealized Loss Available-for-sale securities, fair value Available-for-sale Securities Investment Maturity Date Investment Maturity Date Available-for-sale Securities, Gross Realized Gains Available-for-sale Securities, Gross Realized Gains Available-for-sale Securities, Gross Realized Losses Available-for-sale Securities, Gross Realized Losses Proceeds from Sale and Maturity of Marketable Securities Proceeds from Sale and Maturity of Marketable Securities Stockholders' Equity [Table] Stockholders' Equity [Table] Stockholders' Equity [Table] Share Repurchase Program [Domain] Share Repurchase Program [Domain] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Stockholders Equity [Line Items] Stockholders' Equity [Line Items] [Line Items] for Stockholders' Equity [Table] Stock Repurchased During Period, Shares Stock Repurchased During Period, Shares Dividends declared, per share Common Stock, Dividends, Per Share, Declared Common stock dividends declared, quarterly Common stock dividends declared, quarterly Common stock dividends declared, quarterly Payments of Dividends Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding Preferred Stock, Value, Issued Treasury Stock Acquired, Average Cost Per Share Treasury Stock Acquired, Average Cost Per Share Stock Repurchase Program, Remaining Authorized Repurchase Amount Stock Repurchase Program, Remaining Authorized Repurchase Amount Stock Repurchase Program Expiration Date Stock Repurchase Program Expiration Date Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entities [Table] Entities [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] Entity Information [Line Items] Entity Information [Line Items] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Well-known Seasoned Issuer Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Voluntary Filers Entity Current Reporting Status Entity Current Reporting Status Entity Public Float Entity Public Float Entity Small Business Entity Small Business Entity Emerging Growth Company Entity Emerging Growth Company Entity Shell Company Entity Shell Company Income Taxes [Table] Income Taxes [Table] Income Taxes [Table] Tax Credit Carryforward [Axis] Tax Credit Carryforward [Axis] Tax Credit Carryforward, Name [Domain] Tax Credit Carryforward, Name [Domain] Capital Loss Carryforward Related to Business Acquisition [Member] Capital Loss Carryforward Related to Business Acquisition [Member] Capital Loss Carryforward Related to Business Acquisition [Member] Valuation Allowance by Deferred Tax Asset [Axis] Valuation Allowance by Deferred Tax Asset [Axis] Deferred Tax Asset [Domain] Deferred Tax Asset [Domain] Income Tax Authority [Axis] Income Tax Authority [Axis] Income Tax Authority [Domain] Income Tax Authority [Domain] Domestic Tax Authority [Member] Domestic Tax Authority [Member] State and Local Jurisdiction [Member] State and Local Jurisdiction [Member] Internal Revenue Service (IRS) [Member] Internal Revenue Service (IRS) [Member] Income Taxes [Line Items] Income Taxes [Line Items] [Line Items] for Income Taxes [Table] SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount Operating loss carryforwards, federal Operating loss carryforwards, federal Operating loss carryforwards, federal Operating loss carryforwards, state Operating loss carryforwards, state Operating loss carryforwards, state Deferred tax assets, valuation allowance Deferred Tax Assets, Valuation Allowance Federal NOL annual utilization limit Federal NOL Annual Utilization Limit Federal NOL Annual Utilization Limit Net operating losses included in deferred tax assets Deferred Tax Assets, Operating Loss Carryforwards Net operating losses, unrecognized excess tax benefits, federal Net operating losses, unrecognized excess tax benefits, federal Net operating losses, unrecognized excess tax benefits, federal Net operating losses, unrecognized excess tax benefits, state Net operating losses, unrecognized tax benefits, state Net operating losses, unrecognized tax benefits, state Capital loss carryovers Capital loss carryovers Capital loss carryovers Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss and capital loss carryforwards and credits Tax benefit from stock options exercised, federal Tax Benefit from Stock Options Exercised, Federal Tax Benefit from Stock Options Exercised, Federal Tax fenefit from stock options exercised, state Tax Benefit from Stock Options Exercised, State Tax Benefit from Stock Options Exercised, State Operating Loss Carryforwards Operating Loss Carryforwards Foreign withholding taxes Valuation Allowance on Foreign Tax Credits Valuation Allowance on Foreign Tax Credits Excess tax benefits from stock-based compensation Excess Tax Benefit from Share-based Compensation, Financing Activities Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation Foreign tax credits, additional paid in capital benefit Foreign tax credits, additional paid in capital benefit Foreign tax credits that have not been recorded as a deferred tax asset as the benefit will be credited to additional paid in capital when realized as a reduction of tax payable on the tax return. Foreign tax credits utilized for financial statement purposes Foreign tax credits utilized for financial statement purposes Foreign tax credits utilized for financial statement purposes Tax Benefit From Reversal of the Net Deferred Tax Liability Tax Benefit From Reversal of the Net Deferred Tax Liability Tax Benefit From Reversal of the Net Deferred Tax Liability Effective Income Tax Rate Reconciliation, Percent Effective tax rate excluding valuation allowance Effective tax rate excluding valuation allowance Effective tax rate excluding valuation allowance Deferred Tax Assets, Deferred Income Deferred Tax Assets, Deferred Income Deferred Tax Liabilities, Other Deferred Tax Liabilities, Unrealized Gains on Trading Securities Federal Deferred Tax Asset, Impact of ASU 2016-09 Federal Deferred Tax Asset, Impact of ASU 2016-09 Federal Deferred Tax Asset, Impact of ASU 2016-09 Deferred Tax Assets, Gross Deferred Tax Assets, Gross Deferred Tax Assets, State Taxes State Deferred Tax Asset, Impact of ASU 2016-09 State Deferred Tax Asset, Impact of ASU 2016-09 Unrecognized tax benefits Unrecognized Tax Benefits unrecognized tax benefits primarily associated with state taxes unrecognized tax benefits primarily associated with state taxes Unrecognized tax benefits primarily associated with state taxes Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount Deferred Tax Asset, Revaluation Deferred Tax Asset, Revaluation Deferred Tax Asset, Revaluation Summary of Significant Accounting Policies Significant Accounting Policies [Text Block] Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] Statement of Stockholders' Equity [Abstract] Additional Paid-in Capital [Member] Additional Paid-in Capital [Member] Issuance costs Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs Income Taxes Income Tax Disclosure [Text Block] Statement of Cash Flows [Abstract] Scenario [Axis] Scenario [Axis] Scenario, Unspecified [Domain] Scenario, Unspecified [Domain] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Net income (loss) including noncontrolling interests in operating subsidiaries Adjustments to reconcile net income (loss) including noncontrolling interests in operating subsidiaries to net cash provided by (used in) operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Gain on Conversion of Loan and Accrued Interest Gain on exercise of Primary Warrant Change in fair value of investment Loss on Sale of Investments Loss on Sale of Investments Depreciation and amortization Depreciation, Depletion and Amortization Other Other Operating Activities, Cash Flow Statement Changes in assets and liabilities: Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract] Increase (Decrease) in Restricted Cash Increase (Decrease) in Restricted Cash Accounts receivable Increase (Decrease) in Accounts Receivable Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Accounts payable and accrued expenses / costs Increase (Decrease) in Accounts Payable and Accrued Liabilities Royalties and contingent legal fees payable Increase (decrease) in royalties and contingent legal fees payable Increase (decrease) in royalties and contingent legal fees payable Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Payments to Acquire Other Investments Payments to Acquire Other Investments Proceeds from Sale of Other Assets, Investing Activities Proceeds from Sale of Other Assets, Investing Activities Payments to Acquire Notes Receivable Payments to Acquire Notes Receivable Purchase of property and equipment Payments to Acquire Property, Plant, and Equipment Purchase of available-for-sale investments Payments to Acquire Available-for-sale Securities Sale of available-for-sale investments Proceeds from Sale of Available-for-sale Securities Patent acquisition costs Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Distributions to noncontrolling interests in operating subsidiary Payments to Noncontrolling Interests Proceeds from the exercise of stock options Proceeds from Stock Options Exercised Repurchase of restricted common stock Repurchase of restricted common stock Repurchase of restricted common stock Repurchases of common stock Payments for Repurchase of Common Stock Contributions from noncontrolling interests in operating subsidiary, net of issuance costs Proceeds from Noncontrolling Interests Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Increase in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Cash and cash equivalents, beginning Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents, ending Patent acquisition costs included in accrued expenses Patent acquisition costs included in accrued expenses Patent Acquisition Costs Included in Accrued Expenses Income Statement [Abstract] Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] Fair Value, Assets Measured on Recurring Basis [Table Text Block] Fair Value, Assets Measured on Recurring Basis [Table Text Block] Schedule of Assumptions Used [Table Text Block] Schedule of Assumptions Used [Table Text Block] Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Schedule of Stock by Class [Table] Schedule of Stock by Class [Table] Class of Stock [Line Items] Class of Stock [Line Items] Schedule of Repurchase Agreements [Table Text Block] Schedule of Repurchase Agreements [Table Text Block] Schedule of Treasury Stock by Class Class of Treasury Stock [Table Text Block] Estimated federal income taxes paid Estimated federal income taxes paid Estimated federal income taxes paid Income Taxes Receivable Income Taxes Receivable Cash paid for state income taxes Cash paid for state income taxes Cash paid for state income taxes during the period. Foreign withholding taxes Foreign withholding taxes Foreign withholding taxes Current: Current Income Tax Expense (Benefit), Continuing Operations [Abstract] Federal Current Federal Tax Expense (Benefit) State taxes Current State and Local Tax Expense (Benefit) Foreign taxes Current Foreign Tax Expense (Benefit) Total current Current Income Tax Expense (Benefit) Deferred: Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] Federal Deferred Federal Income Tax Expense (Benefit) State taxes Deferred State and Local Income Tax Expense (Benefit) Total deferred Deferred Income Tax Expense (Benefit) (Provision) benefit for income taxes Disclosure of Grants in Period by Type [Abstract] Disclosure of Grants in Period by Type [Abstract] Equity Award [Domain] Time Based Vesting Conditions [Member] Time Based Vesting Conditions [Member] Time Based Vesting Conditions [Member] Market Based Vesting Conditions [Member] Market Based Vesting Conditions [Member] Market Based Vesting Conditions [Member] Performance Based Vesting Conditions [Member] Performance Based Vesting Conditions [Member] Performance Based Vesting Conditions Equity Option [Member] Equity Option [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number, Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number, Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number, Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized Market Based Vesting Conditions, price Market Based Vesting Conditions, price Market Based Vesting Conditions, price Unvested Shares with Market Based Vesting Conditions Unvested Shares with Market Based Vesting Conditions Unvested Shares with Market Based Vesting Conditions Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value Fiscal Period Fiscal Period, Policy [Policy Text Block] Consolidation, Subsidiaries or Other Investments, Consolidated Entities Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] Net income (loss) attributable to noncontrolling interest Net income (loss) attributable to noncontrolling interest [Policy Text Block] Net income (loss) attributable to noncontrolling interest Revenue Recognition Revenue Recognition, Policy [Policy Text Block] Cost of Revenues Cost of Revenues [Policy Text Block] Disclosure of accounting policy for costs of revenues recognized during the period. Inventor Royalties and Contingent Legal Expenses Inventor royalties and contingent legal expenses [Policy Text Block] Inventor royalties and contingent legal expenses [Policy Text Block] Cash and Cash Equivalents Cash and Cash Equivalents, Policy [Policy Text Block] Marketable Securities Marketable Securities, Policy [Policy Text Block] Concentrations of Credit Risk Concentration Risk, Credit Risk, Policy [Policy Text Block] Fair Value of Financial Instruments Fair Value of Financial Instruments, Policy [Policy Text Block] Furniture and Equipment Property, Plant and Equipment, Policy [Policy Text Block] Patents Patents [Policy Text Block] Patents [Policy Text Block] Fair Value Measurements Fair Value Measurement, Policy [Policy Text Block] Equity Method Investments [Policy Text Block] Equity Method Investments [Policy Text Block] Impairment of investments [Policy Text Block] Impairment of investments [Policy Text Block] Impairment of investments [Policy Text Block] Impairment of Long-Lived Assets Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] Contingent liabilities [Policy Text Block] Contingent liabilities [Policy Text Block] Contingent liabilities [Policy Text Block] Stock-based Compensation Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Income Taxes Income Tax, Policy [Policy Text Block] Segment Reporting Segment Reporting, Policy [Policy Text Block] Use of Estimates Use of Estimates, Policy [Policy Text Block] Earnings Per Share Earnings Per Share, Policy [Policy Text Block] Treasury Stock [Policy Text Block] Treasury Stock [Policy Text Block] Treasury Stock [Policy Text Block] Recently Adopted Accounting Policies New Accounting Pronouncements, Policy [Policy Text Block] Recently adopted accounting policies [Policy Text Block] Recently adopted accounting policies [Policy Text Block] Recently adopted accounting policies [Policy Text Block] New Accounting Pronouncements or Change in Accounting Principle [Table] New Accounting Pronouncements or Change in Accounting Principle [Table] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] Difference between Revenue Guidance in Effect before and after Topic 606 [Member] Difference between Revenue Guidance in Effect before and after Topic 606 [Member] Calculated under Revenue Guidance in Effect before Topic 606 [Member] Calculated under Revenue Guidance in Effect before Topic 606 [Member] Adjustments for New Accounting Pronouncement [Member] Adjustments for New Accounting Pronouncement [Member] New Accounting Pronouncements or Change in Accounting Principle [Line Items] New Accounting Pronouncements or Change in Accounting Principle [Line Items] Accounts receivable Accounts Receivable, Net, Current Accounts receivable Accounts Receivable, Net Royalties and contingent legal fees payable Royalties and contingent legal fees payable Royalties and contingent legal fees payable Accumulated deficit Retained Earnings (Accumulated Deficit) Noncontrolling interests Noncontrolling Interest in Variable Interest Entity Schedule of Components of Income Tax Expense (Benefit) Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] Schedule of Deferred Tax Assets and Liabilities Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Schedule of Effective Income Tax Rate Reconciliation Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Summary of Valuation Allowance [Table Text Block] Summary of Valuation Allowance [Table Text Block] Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] Statement of Comprehensive Income [Abstract] Other comprehensive income (loss): Other Comprehensive Income (Loss), Net of Tax [Abstract] Unrealized loss on short-term investments Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax Unrealized gain on foreign currency translation Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax Add: reclassification adjustment for losses included in net income Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Comprehensive income Comprehensive Income (Loss), Net of Tax, Attributable to Parent Quarterly Financial Data [Abstract] Quarterly Financial Data Quarterly Financial Information [Text Block] Stock-based Incentive Plans Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Patents Intangible Assets Disclosure [Text Block] Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Goodwill and Intangible Assets Disclosure [Text Block] Goodwill and Intangible Assets Disclosure [Text Block] Description of Business Business Description and Basis of Presentation [Text Block] Related Party Transactions Disclosure [Text Block] Related Party Transactions Disclosure [Text Block] Restricted Cash and Cash Equivalents Restricted Cash and Cash Equivalents Rent expense Operating Leases, Rent Expense Loss Contingency, Estimate of Possible Loss Loss Contingency, Estimate of Possible Loss Partners' capital, authorized Partners Capital, Authorized Authorized amount of capital to be raised by the fund. Line of Credit Facility, Commitment Fee Percentage Line of Credit Facility, Commitment Fee Percentage Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Outstanding at December 31, 2015 Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Exercised Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Outstanding at December 31, 2016 Vested Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number Exercisable at December 31, 2016 Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Outstanding at December 31, 2015, weighted average exercise price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Exercised, weighted average exercise price Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Outstanding at December 31, 2016, weighted average exercise price Vested, weighted average exercise price Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price Exercisable, weighted average exercise price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term Outstanding at December 31, 2016, aggregate, intrinsic value Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Vested, aggregate intrinsic value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested During the Period Aggregate Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested During the Period Aggregate Intrinsic Value Exercisable, aggregate intrinsic value Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Unrecognized Compensation Expense Options Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY [Abstract] RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY [Abstract] Retirement Savings Plan and Executive Severance Policy Pension and Other Postretirement Benefits Disclosure [Text Block] Operating costs and expenses: Operating Costs and Expenses [Abstract] Portfolio operations: Cost of Revenue [Abstract] General and administrative expenses (including non-cash stock compensation expense (credit) of ($317) in 2018 and $8,885 in 2017) Other expenses - business development Total Portfolio Operations Total Portfolio Operations Total Portfolio Operations Net loss Other Income Other Income Total other income (expense) Interest and Other Income Income (loss) from operations before provision for income taxes Provision for income taxes Net (income) loss attributable to noncontrolling interests in subsidiaries Common Stock, Dividends, Per Share, Cash Paid Common Stock, Dividends, Per Share, Cash Paid Schedule of Future Minimum Rental Payments for Operating Leases Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Net assets of IP Fund [Table Text Block] Net assets of IP Fund [Table Text Block] Financial statements of IP Fund [Table Text Block] Treasury Stock [Member] Treasury Stock [Member] Accumulated Other Comprehensive Income (Loss) [Member] AOCI Attributable to Parent [Member] Accumulated Deficit [Member] Retained Earnings [Member] Noncontrolling Interests [Member] Noncontrolling Interest [Member] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Balance Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Common stock, shares outstanding Net income (loss) attributable to Acacia Research Corporation Payments of Dividends Stock Issued During Period, Value, New Issues Stock Issued During Period, Value, New Issues Treasury stock, shares acquired Treasury Stock, Shares, Acquired Treasury stock, cost of shares acquired Treasury Stock, Value, Acquired, Cost Method Stock options exercised, shares Proceeds from Stock Options Exercised Stock options exercised, value Stock Issued During Period, Value, Stock Options Exercised Stock issued during period, shares, share-based compensation, net of forfeitures Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures Non-cash stock compensation General and administrative expenses excluding share-based compensation General and administrative expenses excluding share-based compensation General and administrative expenses excluding share-based compensation Payments to Noncontrolling Interests Contributions from noncontrolling interests in operating subsidiary, net Proceeds from (Payments to) Noncontrolling Interests Foreign Currency Transaction Gain (Loss), Unrealized Foreign Currency Transaction Gain (Loss), Unrealized Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Distributions to noncontrolling interests in operating subsidiary Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders Payments for Repurchase of Common Stock Treasury Stock, Common, Value Treasury Stock, Common, Value Balance Common stock, shares outstanding US Treasury Securities [Member] US Treasury Securities [Member] Debt Securities, Trading, Amortized Cost Debt Securities, Trading, Amortized Cost Debt Securities, Trading, Unrealized Gain Debt Securities, Trading, Unrealized Gain Debt Securities, Trading, Unrealized Loss Debt Securities, Trading, Unrealized Loss Available-for-sale Securities, Amortized Cost Basis Available-for-sale Securities, Gross Unrealized Gain Available-for-sale Securities, Gross Unrealized Loss Available-for-sale Securities Trading Securities, Equity, Cost Trading Securities, Equity, Cost Trading Securities, Unrealized Holding Gain Trading Securities, Unrealized Holding Gain Trading Securities, Unrealized Holding Loss Trading Securities, Unrealized Holding Loss Proceeds from Sale of Available-for-sale Securities, Equity Proceeds from Sale of Available-for-sale Securities, Equity Deferred tax assets: Deferred Tax Assets, Gross [Abstract] Deferred Tax Assets, Unrealized Loss on Investment Deferred Tax Assets, Unrealized Loss on Investment Deferred Tax Assets, Unrealized Loss on Investment Stock compensation Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost Deferred tax assets intangibles and fixed assets Deferred tax assets intangibles and fixed assets Deferred tax assets intangibles and fixed assets Basis of investments in affiliates Deferred Tax Assets, Investment in Subsidiaries Accrued liabilities and other Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities Unrealized loss on short-term investments Deferred Tax Assets, Other Comprehensive Loss Deferred Tax Assets, State Taxes Deferred Tax Assets, State Taxes Total deferred tax assets Deferred tax liabilities: Components of Deferred Tax Liabilities [Abstract] Fixed assets and intangibles Deferred Tax Liabilities, Fixed Assets and Intangibles Amount of deferred tax liability attributable to taxable temporary differences from tangible and intangible assets. Other Deferred Tax Liabilities, Other Deferred Tax Liabilities, Gross Deferred Tax Liabilities, Gross Net deferred tax liabilities Deferred Tax Liabilities, Net of Deferred Tax Assets Amount before allocation of valuation allowances of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards. Less: valuation allowance Net deferred taxes Deferred Tax Assets, Net of Valuation Allowance Quarterly Financial Data Quarterly Financial Information [Table Text Block] ASSETS Assets [Abstract] Current assets: Assets, Current [Abstract] Cash and cash equivalents Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Total current assets Equity Method Investments Equity Method Investments Property and equipment, net of accumulated depreciation and amortization Property, Plant and Equipment, Net Patents, net of accumulated amortization Other assets Other Assets, Noncurrent Total assets Liabilities and Equity Liabilities and Equity [Abstract] Current liabilities: Liabilities, Current [Abstract] Accounts payable and accrued expenses Accrued patent investment costs Accrued Patent Acquisition Related Payments, Current Accrued Patent Acquisition Related Payments, Current Total current liabilities Deferred income taxes Deferred Tax Liabilities, Net, Noncurrent Other liabilities Other Liabilities Total liabilities Commitments and contingencies (Note 10) Commitments and Contingencies Stockholders' equity: Stockholders' Equity Attributable to Parent [Abstract] Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,639,319 shares issued and outstanding as of December 31, 2018 and 50,639,926 shares issued and outstanding as of December 31, 2017 Common Stock, Value, Issued Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of December 31, 2018 and 2017 Treasury Stock, Value Additional paid-in capital Additional Paid in Capital Accumulated comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Total Acacia Research Corporation stockholders’ equity Noncontrolling interests in operating subsidiaries Stockholders' Equity Attributable to Noncontrolling Interest Total stockholders’ equity Total liabilities and stockholders' equity Liabilities and Equity EX-101.PRE 13 actg-20181231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 14 acaciaresearchcorp08.jpg LOGO begin 644 acaciaresearchcorp08.jpg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actg2018123110-k_htm.xml IDEA: XBRL DOCUMENT 0000934549 2018-01-01 2018-12-31 0000934549 2017-01-01 2017-12-31 0000934549 2019-03-11 0000934549 2018-06-30 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee2Member 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee1Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee2Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee1Member 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000934549 2018-12-31 0000934549 2017-12-31 0000934549 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000934549 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2018-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2016-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-12-31 0000934549 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000934549 us-gaap:CommonStockMember 2016-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2018-12-31 0000934549 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000934549 us-gaap:TreasuryStockMember 2018-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2017-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000934549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000934549 us-gaap:RetainedEarningsMember 2017-12-31 0000934549 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-12-31 0000934549 us-gaap:TreasuryStockMember 2017-12-31 0000934549 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000934549 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000934549 us-gaap:TreasuryStockMember 2016-12-31 0000934549 2016-01-01 2016-12-31 0000934549 us-gaap:WarrantMember 2018-12-31 0000934549 us-gaap:WarrantMember 2018-01-01 2018-12-31 0000934549 us-gaap:WarrantMember 2017-12-31 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-12-31 0000934549 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000934549 us-gaap:FairValueInputsLevel3Member 2017-12-31 0000934549 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000934549 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee2Member 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee1Member 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:LicenseesInForeignJurisdictionsMember 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee4Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:LicenseesInForeignJurisdictionsMember 2017-01-01 2017-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee3Member 2018-01-01 2018-12-31 0000934549 srt:MaximumMember 2018-01-01 2018-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee1Member 2018-01-01 2018-12-31 0000934549 us-gaap:RevenueRightsGrantedMember actg:Licensee3Member 2017-01-01 2017-12-31 0000934549 us-gaap:AccountsReceivableMember actg:Licensee3Member 2018-01-01 2018-12-31 0000934549 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember us-gaap:LeaseholdImprovementsMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember actg:ComputerHardwareAndSoftwareMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember actg:ComputerHardwareAndSoftwareMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:LeaseholdImprovementsMember 2018-01-01 2018-12-31 0000934549 srt:MinimumMember 2018-01-01 2018-12-31 0000934549 srt:MaximumMember us-gaap:PatentsMember 2018-01-01 2018-12-31 0000934549 us-gaap:PatentsMember 2017-12-31 0000934549 us-gaap:PatentsMember 2018-12-31 0000934549 srt:MinimumMember us-gaap:PatentsMember 2018-01-01 2018-12-31 0000934549 2016-08-15 0000934549 us-gaap:WarrantMember 2017-05-17 0000934549 2017-05-17 0000934549 us-gaap:WarrantMember 2018-12-31 0000934549 us-gaap:CommonStockMember 2017-05-17 0000934549 actg:VeritoneMember actg:VeritoneLoansMember 2017-05-17 0000934549 2017-03-14 0000934549 us-gaap:CommonStockMember 2018-12-31 0000934549 srt:MaximumMember 2018-12-31 0000934549 srt:MinimumMember 2018-12-31 0000934549 us-gaap:WarrantMember 2017-01-01 2017-12-31 0000934549 us-gaap:ShareRepurchaseProgramDomain 2018-12-31 0000934549 2018-01-01 2018-03-31 0000934549 us-gaap:DomesticCountryMember 2018-12-31 0000934549 us-gaap:EmployeeStockOptionMember 2018-12-31 0000934549 actg:A2013PlanMember 2018-12-31 0000934549 us-gaap:RestrictedStockMember 2017-01-01 2017-12-31 0000934549 actg:IncentiveStockOptionsMember actg:DiscretionaryOptionGrantProgramMember actg:LessThan10Member 2018-01-01 2018-12-31 0000934549 actg:A2016PlanMember 2016-04-26 0000934549 actg:A2013PlanMember 2016-04-26 0000934549 actg:NonstatutoryOptionsMember actg:DiscretionaryOptionGrantProgramMember 2018-01-01 2018-12-31 0000934549 actg:IncentiveStockOptionsMember actg:DiscretionaryOptionGrantProgramMember actg:A10OrMoreMember 2018-01-01 2018-12-31 0000934549 2017-02-16 0000934549 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0000934549 actg:A2013StockPlanMember 2016-04-26 0000934549 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000934549 us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0000934549 actg:StockIssuanceProgramMember 2018-01-01 2018-12-31 0000934549 actg:A2016PlanMember 2018-12-31 0000934549 actg:StockoptionswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:RestrictedstockunitawardswithperformancebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:StockoptionswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockawardswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 us-gaap:DeferredProfitSharingMember 2018-01-01 2018-12-31 0000934549 us-gaap:DeferredProfitSharingMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockawardswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockunitawardswithperformancebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:StockoptionswithmarketbasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:RestrictedstockunitawardswithtimebasedvestingconditionsMember 2017-01-01 2017-12-31 0000934549 actg:StockoptionswithmarketbasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:RestrictedstockunitawardswithtimebasedvestingconditionsMember 2018-01-01 2018-12-31 0000934549 actg:TimeBasedVestingConditionsMember 2018-01-01 2018-12-31 0000934549 actg:PerformanceBasedVestingConditionsMember 2017-01-01 2017-12-31 0000934549 actg:TimeBasedVestingConditionsMember 2017-01-01 2017-12-31 0000934549 actg:PerformanceBasedVestingConditionsMember 2018-01-01 2018-12-31 0000934549 actg:A2007PlanMember 2018-12-31 0000934549 2018-01-01 0000934549 us-gaap:NewAccountingPronouncementMember 2018-01-01 0000934549 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-01-01 2018-12-31 0000934549 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-01-01 2018-12-31 0000934549 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-12-31 0000934549 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-12-31 0000934549 2017-07-01 2017-09-30 0000934549 2017-01-01 2017-03-31 0000934549 2017-10-01 2017-12-31 0000934549 2017-04-01 2017-06-30 0000934549 2018-10-01 2018-12-31 0000934549 2018-04-01 2018-06-30 0000934549 2018-07-01 2018-09-30 iso4217:USD shares actg:patents shares pure iso4217:USD false --12-31 FY 2018 2018-12-31 10-K 0000934549 49647693 Yes false Accelerated Filer 203206000 ACACIA RESEARCH CORP false true No No 0.001 0.001 100000000 100000000 50639926 49639319 50639926 49639319 P1Y P1Y 0.001 0.001 10000000 10000000 0 0 0 0 5 5 5 3 3 2 0 1729408 2919828 131506000 65402000 0.45 0.17 0.54 0.21 -105029000 35168000 31501000 8866000 18219000 27120000 22154000 18850000 27219000 1179000 2955000 128809000 136604000 33642000 0 3012000 0 32884000 153000 3125000 2938000 201472000 139695000 7459000 104754000 8195000 2195000 6587000 61917000 236000 207000 223949000 308768000 8347000 7956000 22688000 1601000 31035000 9557000 1674000 3552000 32709000 13109000 0 0 50000 51000 39272000 34640000 651156000 648996000 0 -88000 -422541000 -320018000 189393000 294301000 1847000 1358000 191240000 295659000 223949000 308768000 131506000 65402000 35168000 4952000 31501000 16682000 4000000 0 8866000 18219000 27120000 22154000 28210000 2248000 2602000 1200000 137467000 65455000 -5961000 -53000 18850000 27219000 -24811000 -27272000 -59103000 42239000 -19095000 0 0 2671000 0 4616000 0 -220000 -1629000 1000000 969000 1605000 -78858000 51911000 -103669000 24639000 1179000 2955000 -104848000 21684000 181000 -496000 -105029000 22180000 -105029000 22147000 -2.10 0.44 49969062 50495119 49969062 50692012 -104848000 21684000 0 -40000 88000 58000 0 30000 -104760000 21672000 181000 -496000 -104941000 22168000 50476042 50000 -34640000 642453000 -76000 -342198000 1854000 267443000 22180000 22180000 207863 1000 744000 745000 -35310 0 5844000 5844000 -8669 45000 -45000 -496000 -496000 28000 28000 -40000 -40000 50639926 51000 -34640000 648996000 -88000 -320018000 1358000 295659000 -105029000 -105029000 2506000 308000 2814000 -1190420 -2000 -4632000 -4634000 82615 257000 257000 166998 1000 2132000 2133000 -59800 229000 -229000 181000 181000 88000 88000 49639319 50000 -39272000 651156000 0 -422541000 1847000 191240000 -104848000 21684000 0 2671000 0 4616000 -59103000 42239000 19095000 0 27145000 22243000 -317000 8885000 28210000 2248000 564000 -374000 -28189000 26597000 -208000 -135000 963000 -6349000 19359000 -12307000 20877000 12966000 7000000 31514000 19097000 0 0 4000000 34000 2000 102769000 448388000 66640000 467790000 -24066000 -16114000 4634000 0 257000 745000 -229000 -45000 -4606000 700000 -7795000 -2448000 136604000 139052000 128809000 136604000 DESCRIPTION OF BUSINESS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Description of Business. </span><span style="font-family:inherit;font-size:10pt;">As used herein, “Acacia” and the “Company” refer to Acacia Research Corporation and/or its wholly and majority-owned and controlled operating subsidiaries, and/or where applicable, its management. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s operating subsidiaries invest in, license and enforce patented technologies. Acacia’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. In recent years, Acacia has also invested in technology companies. Acacia leverages its experience, expertise, data and relationships developed as a leader in the IP industry to pursue these opportunities. In some cases, these opportunities will complement, and/or supplement Acacia’s primary licensing and enforcement business.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s operating subsidiaries generate revenues and related cash flows from the granting of IP rights for the use of patented technologies that its operating subsidiaries control or own. Acacia’s operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s operating subsidiaries are principals in the licensing and enforcement effort, obtaining control of the rights in the patent portfolio, or control of the patent portfolio outright. Acacia’s operating subsidiaries own or control the rights to multiple patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Neither Acacia nor its operating subsidiaries invent new technologies or products; rather, Acacia depends upon the identification and investment in new patents, inventions and companies that own IP through its relationships with inventors, universities, research institutions, technology companies and others. If Acacia’s operating subsidiaries are unable to maintain those relationships and identify and grow new relationships, then they may not be able to identify new technology-based opportunities for sustainable revenue and/or revenue growth.    </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">During fiscal year 2018, Acacia did not obtain control of any new patent portfolios. During fiscal year 2017 Acacia obtained control of </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> new patent portfolio. In fiscal year 2016, Acacia obtained control of </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> new patent portfolios.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Acacia was incorporated on January 25, 1993 under the laws of the State of California. In December 1999, Acacia changed its state of incorporation from California to Delaware. 1 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Principles.  </span><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements and accompanying notes are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Principles of Consolidation.  </span><span style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements include the accounts of Acacia and its wholly and majority-owned and controlled subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests in Acacia’s majority-owned and controlled operating subsidiaries (“noncontrolling interests”) are separately presented as a component of stockholders’ equity. Consolidated net income or (loss) is adjusted to include the net (income) or loss attributed to noncontrolling interests in the consolidated statements of operations. Refer to the accompanying consolidated statements of stockholders’ equity for total noncontrolling interests. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A wholly owned subsidiary of Acacia is the general partner of the Acacia Intellectual Property Fund, L.P. (the “Acacia IP Fund”), which was formed in August 2010. The Acacia IP Fund is included in the Company’s consolidated financial statements since 2010, as Acacia’s wholly owned subsidiary, as the general partner, has the ability to control the operations and activities of the Acacia IP Fund. The Acacia IP Fund was terminated as of December 31, 2017 and is in the process of being liquidated.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition.  </span><span style="font-family:inherit;font-size:10pt;">Revenue is recognized upon transfer of control of promised bundled IP rights (hereinafter “IP</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rights”) and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">recognition criteria have been met.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, that provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales") . IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues were comprised of the following for the periods presented (in thousands):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:61.5234375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:66%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Paid-up Revenue Agreements</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,496</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Recurring Revenue Agreements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,040</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other Settlements</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,500</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,506</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Refer to “Inventor Royalties and Contingent Legal Expenses” below for information on related direct costs of revenues.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Portfolio Operations.</span><span style="font-family:inherit;font-size:10pt;">  Cost of revenues include the costs and expenses incurred in connection with Acacia’s patent licensing and enforcement activities, including inventor royalties paid to original patent owners, contingent legal fees paid to external patent counsel, other patent-related legal expenses paid to external patent counsel, licensing and enforcement related research, consulting and other expenses paid to third-parties and the amortization of patent-related investment costs. These costs are included under the caption “Portfolio operations” in the accompanying consolidated statements of operations.  </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Inventor Royalties and Contingent Legal Expenses. </span><span style="font-family:inherit;font-size:10pt;">Inventor royalties are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In certain instances, pursuant to the terms of the underlying inventor agreements, upfront advances paid to patent owners by Acacia’s operating subsidiaries are recoverable from future net revenues. Patent costs that are recoverable from future net revenues are amortized over the estimated economic useful life of the related patents, or as the prepaid royalties are earned by the inventor, as appropriate, and the related expense is included in amortization expense in the consolidated statements of operations. Any unamortized upfront advances recovered from net revenues are expensed in the period recovered, and included in amortization expense in the consolidated statements of operations. Cost of revenues for fiscal year 2018 included $4.0 million of costs to acquire certain patent rights related to revenues recognized in the period.  </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal fees are paid; however, Acacia’s operating subsidiaries may be liable for certain out of pocket legal costs incurred pursuant to the underlying legal services agreement. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements.</span><span style="font-family:inherit;font-size:10pt;"> U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value is defined as follows:</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(i)</span></div></td><td style="vertical-align:top;padding-left:42px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-42px;"><span style="font-family:inherit;font-size:10pt;">Level 1 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Observable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Quoted prices in active markets for identical investments;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(ii)</span></div></td><td style="vertical-align:top;padding-left:96px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-96px;"><span style="font-family:inherit;font-size:10pt;">Level 2 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Pricing Models with Significant Observable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Other significant observable inputs, including quoted prices for similar investments, interest rates, credit risk, etc.; and</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(iii)</span></div></td><td style="vertical-align:top;padding-left:96px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-96px;"><span style="font-family:inherit;font-size:10pt;">Level 3 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Unobservable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Significant unobservable inputs, including the entity’s own assumptions in determining the fair value of investments.</span></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whenever possible, the Company is required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,642</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - equity</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,012</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - warrants (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - common stock (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,395</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements as of December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,407</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,706</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments at fair value (Note 6)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>591</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> is as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment at Fair Value</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Stock</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Warrants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Profits Interest Units</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Opening balance as of January 1, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total gains and losses included in earnings for the period</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-cash stock compensation expense - Profits Interests</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,450</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,208</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,895</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,103</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized loss on sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Purchases, issues, sales and settlements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Transfers to Level 1 and Level 2</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,395</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,459</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(591</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">____________________</span></div><div style="line-height:120%;padding-left:18px;text-indent:-18px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1) </sup></span><span style="font-family:inherit;font-size:8pt;">All gains and losses included in earnings for the period presented relate to assets and liabilities held as of December 31, 2018 and December 31, 2017.</span></div><div style="line-height:120%;padding-left:18px;text-indent:-18px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(2)</sup></span><span style="font-family:inherit;font-size:8pt;"> Refer to Note 6 for information regarding purchases, issues, sales and settlements activity for the years ended December 31, 2018 and 2017.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents</span><span style="font-family:inherit;font-size:10pt;">.  Acacia considers all highly liquid, short-term investments with original maturities of three months or less when purchased to be cash equivalents. For the periods presented, Acacia’s cash equivalents are comprised of investments in AAA rated money market funds that invest in first-tier only securities, which primarily includes: domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements. Acacia’s cash equivalents are measured at fair value using quoted prices that represent Level 1 inputs.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading Securities- Debt.  </span><span style="font-family:inherit;font-size:10pt;">Investments in debt securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses recorded in the statements of operations in other income (expense). Realized and unrealized gains and losses are recorded based on the specific identification method. Interest is included in other income (expense).</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading Securities - Equity. </span><span style="font-family:inherit;font-size:10pt;">Investments in equity securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses in the value of such securities recorded in the statements of operations in other income (expense). Dividend income is included in other income (expense).</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Short-term Investments. </span><span style="font-family:inherit;font-size:10pt;">Acacia evaluates its investments in marketable securities for potential impairment, employing a methodology on a quarterly basis that considers available quantitative and qualitative evidence. If the cost or carrying value of an investment exceeds its estimated fair value, the Company evaluates, among other factors, general market conditions, credit quality of instrument issuers, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold, or plans or ability to sell. Fair value is estimated based on publicly available market </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">information or other estimates determined by management. Investments are considered to be impaired when a decline in fair value is estimated to be other-than-temporary. Acacia reviews impairments associated with its investments in marketable securities and determines the classification of any impairment as temporary or other-than-temporary. An impairment is deemed other-than-temporary unless (a) Acacia has the ability and intent to hold an investment for a period of time sufficient for recovery of its carrying amount and (b) positive evidence indicating that the investment’s carrying amount is recoverable within a reasonable period of time outweighs any evidence to the contrary. All available evidence, both positive and negative, is considered to determine whether, based on the weight of such evidence, the carrying amount of the investment is recoverable within a reasonable period of time. For investments classified as available-for-sale, unrealized losses that are other-than-temporary are recognized in the consolidated statements of operations.   </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risks.  </span><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. Acacia places its cash equivalents and short-term investments primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. Acacia has not experienced any significant losses on its deposits of cash and cash equivalents.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Three licensees individually accounted for </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>45%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>17%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>17%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues recognized during the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. Three licensees individually accounted for </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>54%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>21%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>10%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues recognized during the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Four licensees individually represented approximately </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>38%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>36%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>12%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>11%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of accounts receivable at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. One licensee individually represented </span><span style="font-family:inherit;font-size:10pt;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of accounts receivable at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>26%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>39%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions, based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable revenue arrangement. The Company does not have any material foreign operations. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia performs credit evaluations of its licensees with significant receivable balances, if any, and has not experienced any significant credit losses. Accounts receivable are recorded at the executed contract amount and generally do not bear interest. Collateral is not required. An allowance for doubtful accounts may be established to reflect the Company’s best estimate of probable losses inherent in the accounts receivable balance, and is reflected as a contra-asset account on the balance sheet and a charge to operating expenses in the statements of operations for the applicable period. The allowance is determined based on known troubled accounts, historical experience, and other currently available evidence. There was no allowance for doubtful accounts established for the periods presented.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value of Financial Instruments.  </span><span style="font-family:inherit;font-size:10pt;">The carrying value of cash and cash equivalents, accounts receivables, and current liabilities approximates their fair values due to their short-term maturities.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"/><span style="font-family:inherit;font-size:10pt;font-style:italic;">Property and Equipment.  </span><span style="font-family:inherit;font-size:10pt;">Property and equipment are recorded at cost. Major additions and improvements that materially extend useful lives of property and equipment are capitalized. Maintenance and repairs are charged against the results of operations as incurred. When these assets are sold or otherwise disposed of, the asset and related depreciation are relieved, and any gain or loss is included in the consolidated statements of operations for the period of sale or disposal. Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.015625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"/></tr><tr><td style="width:56%;"/><td style="width:44%;"/></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and fixtures</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Computer hardware and software</span></div></td><td style="vertical-align:top;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2 to 5 years (Lesser of lease term or useful life of improvement)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rental payments on operating leases are charged to expense in the consolidated statements of operations on a straight-line basis over the lease term.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Patents.</span><span style="font-family:inherit;font-size:10pt;">  Patents include the cost of patents or patent rights (hereinafter, collectively “patents”) acquired from third-parties or obtained in connection with business combinations. Patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>five years</span></span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments at Fair Value</span><span style="font-family:inherit;font-size:10pt;">. On an individual investment basis, Acacia may elect to account for investments in companies where the Company has the ability to exercise significant influence over operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants).</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other Investments</span><span style="font-family:inherit;font-size:10pt;">. Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which the Company has the ability to exercise significant influence, are accounted for using the equity method of accounting. Acacia includes its proportionate share of earnings and/or losses of its equity method investees in equity in earnings (losses) of investee in the condensed consolidated statements of operations.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in preferred stock with substantive liquidation preferences are accounted for at cost, (subject to impairment considerations, as described below, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, is not substantially similar to common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses, if any. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The initial determination of whether an investment is substantially similar to common stock is made on the initial date of investment if the Company has the ability to exercise significant influence over the operating and financial policies of the investee. That determination is reconsidered if (i) contractual terms of the investment are changed, (ii) there is a significant change in the capital structure of the investee, including the investee's receipt of additional subordinated financing, or (iii) the Company obtains an additional interest in an investment, resulting in the method of accounting for the cumulative interest being based on the characteristics of the investment at the date at which the Company obtains the additional interest. Refer to Note 5 for additional information. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Investments. </span><span style="font-family:inherit;font-size:10pt;">Acacia reviews its investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, Acacia considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, Acacia evaluates, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. Acacia also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded in the consolidated statements of operations and a new cost basis in the investment is established.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;"/><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Long-lived Assets.</span><span style="font-family:inherit;font-size:10pt;"> Acacia reviews long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Refer to Note </span><span style="font-family:inherit;font-size:10pt;">5</span><span style="font-family:inherit;font-size:10pt;"> for additional information.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value is generally estimated using the “Income Approach,” focusing on the estimated future net income-producing capability of the patent portfolios over the estimated remaining economic useful life. Estimates of future after-tax cash flows are converted to present value through “discounting,” including an estimated rate of return that accounts for both the time value of money and investment risk factors. Estimated cash inflows are typically based on estimates of reasonable royalty rates for the applicable technology, applied to estimated market data. Estimated cash outflows are based on existing contractual obligations, such as contingent legal fee and inventor royalty obligations, applied to estimated license fee revenues, in addition to other estimates of out-of-pocket expenses associated with a specific patent portfolio’s licensing and enforcement program. The analysis also contemplates consideration of current information about the patent portfolio including, status and stage of litigation, periodic results of the litigation process, strength of the patent portfolio, technology coverage and other pertinent information that could impact future net cash flows.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"/><span style="font-family:inherit;font-size:10pt;font-style:italic;">Contingent Liabilities. </span><span style="font-family:inherit;font-size:10pt;">The Company, from time to time, is involved in certain legal proceedings. Based upon consultation with outside counsel handling its defense in these matters and the Company’s analysis of potential outcomes, if the </span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company determines that a loss arising from such matters is probable and can be reasonably estimated, an estimate of the contingent liability is recorded in its consolidated financial statements. If only a range of estimated loss can be determined, an amount within the range that, based on estimates, assumptions and judgments, reflects the most likely outcome, is recorded as a contingent liability in the consolidated financial statements. In situations where none of the estimates within the estimated range is a better estimate of probable loss than any other amount, the Company records the low end of the range. Any such accrual would be charged to expense in the appropriate period. Litigation expenses for these types of contingencies are recognized in the period in which the litigation services were provided.</span></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by Acacia or its operating subsidiaries, could materially harm the Company’s operating results and financial position. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock-Based Compensation.</span><span style="font-family:inherit;font-size:10pt;"> The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two to four years. The fair value of restricted stock and restricted stock unit awards is determined by the product of the number of shares or units granted and the grant date market price of the underlying common stock. The fair value of each option award is estimated on the date of grant using a Black-Scholes option-pricing model. Stock-based compensation expense for awards with service and/or performance conditions that affect vesting is recorded only for those awards expected to vest using an estimated forfeiture rate.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Financial Accounting Standards Board (“FASB”) issued a new standard, effective January 1, 2017, that allows entities to make a policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. Effective January 1, 2017, the Company elected to account for forfeitures of awards as they occur. The prior standard required the Company to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.8828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:47%;"/><td style="width:26%;"/><td style="width:1%;"/><td style="width:26%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the Years Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Risk-free interest rate</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.26%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.77%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Term</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Volatility</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend yield</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to a lack of sufficient historical stock option exercise experience, the Company utilized the simplified method for estimating the expected term for stock options granted during the periods presented.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the option. The risk-free interest rate is based on the U.S. treasury yield curve on the grant date for the expected term of the option.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards and stock option awards with performance-based vesting conditions generally vest based upon the Company achieving specified cash flow performance targets over a one and two-year period from the date of grant. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Performance-based stock options awards with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique. Assumptions utilized in connection with the Monte Carlo valuation technique included: estimated risk-free interest rate; expected volatility; and expected dividend yield. The risk-free interest rate was determined based on the yields available on U.S. Treasury zero-coupon </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">issues. The expected stock price volatility was determined using historical volatility. The expected dividend yield was based on expectations regarding dividend payments.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits Interest Units (“Units”) are accounted for in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation - Stock Compensation.” The Units vest as described at Note </span><span style="font-family:inherit;font-size:10pt;">9</span><span style="font-family:inherit;font-size:10pt;">, and therefore, the vesting conditions do not meet the definition of service, market or performance conditions, as defined in ASC 718. As such, the Units are classified as liability awards. Liability classified awards are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense is adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered. Initially, compensation expense was recognized on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which was five years. Upon full vesting of the award, which occurred during the three months ended September 30, 2017, previously unrecognized compensation expense was immediately recognized in the period, and will continue to be fully recognized for any changes in fair value, until the Units are settled. The Company has a purchase option to purchase the vested Units that are not otherwise forfeited after termination of continuous service. The exercise price of the purchase option is the fair market value of the Units on the date of termination of continuous service. At each reporting date, the value of the Units that are subject to the purchase option will be the measured at the fair value on the termination date. Non-cash stock compensation expense related to the Units is reflected in general and administrative expense in the accompanying consolidated statements of operations.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes.  </span><span style="font-family:inherit;font-size:10pt;">Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in Acacia’s consolidated financial statements or consolidated income tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more than likely not be realized, or if it is determined that there is uncertainty regarding future realization of such assets.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Under U.S. generally accepted accounting principles, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Tax positions that meet the more likely than not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">  </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Segment Reporting.</span><span style="font-family:inherit;font-size:10pt;">  Acacia uses the management approach, which designates the internal organization that is used by management for making operating decisions and assessing performance as the basis of Acacia’s reportable segments. Acacia’s patent licensing and enforcement business constitutes its single reportable segment.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span><span style="font-family:inherit;font-size:10pt;">.  The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, the valuation of the loan and equity instruments discussed at Note </span><span style="font-family:inherit;font-size:10pt;">6</span><span style="font-family:inherit;font-size:10pt;">, stock-based compensation expense including the valuation of profits interests, impairment of patent-related intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income (Loss) Per Share.  </span><span style="font-family:inherit;font-size:10pt;">The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.” </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">  </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.21875%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:70%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator (in thousands):</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic and Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to Acacia Research Corporation</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,180</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Undistributed earnings allocated to participating securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to common stockholders – basic and diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net loss per share attributable to common stockholders – basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,495,119</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of potentially dilutive securities:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stock options and restricted stock units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>196,893</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,692,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic and diluted net loss per common share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.10</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,129,719</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,425,187</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">    </span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Treasury Stock</span>. Repurchases of the Company’s outstanding common stock are accounted for using the cost method. The applicable par value is deducted from the appropriate capital stock account on the formal or constructive retirement of treasury stock. Any excess of the cost of treasury stock over its par value is charged to additional paid-in capital, and reflected as Treasury Stock on the consolidated balance sheets. Accounting Principles.  The consolidated financial statements and accompanying notes are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). Principles of Consolidation.  The accompanying consolidated financial statements include the accounts of Acacia and its wholly and majority-owned and controlled subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation. <div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests in Acacia’s majority-owned and controlled operating subsidiaries (“noncontrolling interests”) are separately presented as a component of stockholders’ equity. Consolidated net income or (loss) is adjusted to include the net (income) or loss attributed to noncontrolling interests in the consolidated statements of operations. Refer to the accompanying consolidated statements of stockholders’ equity for total noncontrolling interests. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>A wholly owned subsidiary of Acacia is the general partner of the Acacia Intellectual Property Fund, L.P. (the “Acacia IP Fund”), which was formed in August 2010. The Acacia IP Fund is included in the Company’s consolidated financial statements since 2010, as Acacia’s wholly owned subsidiary, as the general partner, has the ability to control the operations and activities of the Acacia IP Fund. The Acacia IP Fund was terminated as of December 31, 2017 and is in the process of being liquidated. Revenue Recognition.  <span style="font-family:inherit;font-size:10pt;">Revenue is recognized upon transfer of control of promised bundled IP rights (hereinafter “IP</span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rights”) and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">recognition criteria have been met.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, that provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales") . IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues were comprised of the following for the periods presented (in thousands):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:61.5234375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:66%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Paid-up Revenue Agreements</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,496</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Recurring Revenue Agreements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,040</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other Settlements</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,500</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,506</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Refer to “Inventor Royalties and Contingent Legal Expenses” below for information on related direct costs of revenues. Revenues were comprised of the following for the periods presented (in thousands):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:61.5234375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:66%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Paid-up Revenue Agreements</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,496</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Recurring Revenue Agreements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,040</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other Settlements</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,500</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,506</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 100496000 59020000 13040000 6382000 3470000 0 14500000 0 131506000 65402000 <br/><span style="font-family:inherit;font-size:10pt;font-style:italic;">Portfolio Operations.</span>  Cost of revenues include the costs and expenses incurred in connection with Acacia’s patent licensing and enforcement activities, including inventor royalties paid to original patent owners, contingent legal fees paid to external patent counsel, other patent-related legal expenses paid to external patent counsel, licensing and enforcement related research, consulting and other expenses paid to third-parties and the amortization of patent-related investment costs. These costs are included under the caption “Portfolio operations” in the accompanying consolidated statements of operations.  Inventor Royalties and Contingent Legal Expenses. <span style="font-family:inherit;font-size:10pt;">Inventor royalties are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In certain instances, pursuant to the terms of the underlying inventor agreements, upfront advances paid to patent owners by Acacia’s operating subsidiaries are recoverable from future net revenues. Patent costs that are recoverable from future net revenues are amortized over the estimated economic useful life of the related patents, or as the prepaid royalties are earned by the inventor, as appropriate, and the related expense is included in amortization expense in the consolidated statements of operations. Any unamortized upfront advances recovered from net revenues are expensed in the period recovered, and included in amortization expense in the consolidated statements of operations. Cost of revenues for fiscal year 2018 included $4.0 million of costs to acquire certain patent rights related to revenues recognized in the period.  </span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal fees are paid; however, Acacia’s operating subsidiaries may be liable for certain out of pocket legal costs incurred pursuant to the underlying legal services agreement. Fair Value Measurements.<span style="font-family:inherit;font-size:10pt;"> U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value is defined as follows:</span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(i)</span></div></td><td style="vertical-align:top;padding-left:42px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-42px;"><span style="font-family:inherit;font-size:10pt;">Level 1 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Observable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Quoted prices in active markets for identical investments;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(ii)</span></div></td><td style="vertical-align:top;padding-left:96px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-96px;"><span style="font-family:inherit;font-size:10pt;">Level 2 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Pricing Models with Significant Observable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Other significant observable inputs, including quoted prices for similar investments, interest rates, credit risk, etc.; and</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">(iii)</span></div></td><td style="vertical-align:top;padding-left:96px;"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-96px;"><span style="font-family:inherit;font-size:10pt;">Level 3 - </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Unobservable Inputs</span><span style="font-family:inherit;font-size:10pt;">:  Significant unobservable inputs, including the entity’s own assumptions in determining the fair value of investments.</span></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whenever possible, the Company is required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,642</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - equity</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,012</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - warrants (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - common stock (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,395</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements as of December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,407</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,706</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments at fair value (Note 6)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>591</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> is as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment at Fair Value</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Stock</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Warrants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Profits Interest Units</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Opening balance as of January 1, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total gains and losses included in earnings for the period</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-cash stock compensation expense - Profits Interests</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,450</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,208</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,895</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,103</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized loss on sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Purchases, issues, sales and settlements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Transfers to Level 1 and Level 2</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,395</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,459</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(591</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">____________________</span></div><div style="line-height:120%;padding-left:18px;text-indent:-18px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1) </sup></span><span style="font-family:inherit;font-size:8pt;">All gains and losses included in earnings for the period presented relate to assets and liabilities held as of December 31, 2018 and December 31, 2017.</span></div><div style="line-height:120%;padding-left:18px;text-indent:-18px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(2)</sup></span><span style="font-family:inherit;font-size:8pt;"> Refer to Note 6 for information regarding purchases, issues, sales and settlements activity for the years ended December 31, 2018 and 2017.</span></div><br/>Investments at Fair Value<span style="font-family:inherit;font-size:10pt;">. On an individual investment basis, Acacia may elect to account for investments in companies where the Company has the ability to exercise significant influence over operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants).</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,642</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - equity</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,012</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - warrants (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment at fair value - common stock (Note 6)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,395</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements as of December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,407</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,706</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments at fair value (Note 6)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2018:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>591</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities as of December 31, 2017:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interest units</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div> 0 33642000 0 3012000 0 0 0 2064000 0 5395000 0 0 8407000 35706000 0 0 0 104754000 0 591000 0 0 0 3041000 A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> is as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment at Fair Value</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Stock</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Warrants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Profits Interest Units</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Opening balance as of January 1, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,754</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total gains and losses included in earnings for the period</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-cash stock compensation expense - Profits Interests</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,450</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,208</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,895</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,103</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized loss on sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Purchases, issues, sales and settlements</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,097</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Transfers to Level 1 and Level 2</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,395</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,064</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,459</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(591</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total recurring fair value measurements</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 90795000 13959000 104754000 3041000 -2450000 -47208000 -11895000 -59103000 -19095000 -19095000 -19097000 -19097000 -5395000 -2064000 -7459000 -591000 0 0 0 <br/><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents</span>.  Acacia considers all highly liquid, short-term investments with original maturities of three months or less when purchased to be cash equivalents. For the periods presented, Acacia’s cash equivalents are comprised of investments in AAA rated money market funds that invest in first-tier only securities, which primarily includes: domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements. Acacia’s cash equivalents are measured at fair value using quoted prices that represent Level 1 inputs. <div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading Securities- Debt.  </span><span style="font-family:inherit;font-size:10pt;">Investments in debt securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses recorded in the statements of operations in other income (expense). Realized and unrealized gains and losses are recorded based on the specific identification method. Interest is included in other income (expense).</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading Securities - Equity. </span><span style="font-family:inherit;font-size:10pt;">Investments in equity securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses in the value of such securities recorded in the statements of operations in other income (expense). Dividend income is included in other income (expense).</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Short-term Investments. </span><span style="font-family:inherit;font-size:10pt;">Acacia evaluates its investments in marketable securities for potential impairment, employing a methodology on a quarterly basis that considers available quantitative and qualitative evidence. If the cost or carrying value of an investment exceeds its estimated fair value, the Company evaluates, among other factors, general market conditions, credit quality of instrument issuers, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold, or plans or ability to sell. Fair value is estimated based on publicly available market </span></div>information or other estimates determined by management. Investments are considered to be impaired when a decline in fair value is estimated to be other-than-temporary. Acacia reviews impairments associated with its investments in marketable securities and determines the classification of any impairment as temporary or other-than-temporary. An impairment is deemed other-than-temporary unless (a) Acacia has the ability and intent to hold an investment for a period of time sufficient for recovery of its carrying amount and (b) positive evidence indicating that the investment’s carrying amount is recoverable within a reasonable period of time outweighs any evidence to the contrary. All available evidence, both positive and negative, is considered to determine whether, based on the weight of such evidence, the carrying amount of the investment is recoverable within a reasonable period of time. For investments classified as available-for-sale, unrealized losses that are other-than-temporary are recognized in the consolidated statements of operations.   <br/><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risks.  </span><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. Acacia places its cash equivalents and short-term investments primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. Acacia has not experienced any significant losses on its deposits of cash and cash equivalents.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Three licensees individually accounted for </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>45%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>17%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>17%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues recognized during the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. Three licensees individually accounted for </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>54%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>21%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>10%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues recognized during the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Four licensees individually represented approximately </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>38%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>36%</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>12%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>11%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of accounts receivable at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. One licensee individually represented </span><span style="font-family:inherit;font-size:10pt;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of accounts receivable at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>26%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>39%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions, based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable revenue arrangement. The Company does not have any material foreign operations. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Acacia performs credit evaluations of its licensees with significant receivable balances, if any, and has not experienced any significant credit losses. Accounts receivable are recorded at the executed contract amount and generally do not bear interest. Collateral is not required. An allowance for doubtful accounts may be established to reflect the Company’s best estimate of probable losses inherent in the accounts receivable balance, and is reflected as a contra-asset account on the balance sheet and a charge to operating expenses in the statements of operations for the applicable period. The allowance is determined based on known troubled accounts, historical experience, and other currently available evidence. There was no allowance for doubtful accounts established for the periods presented. 0.45 0.17 0.17 0.54 0.21 0.10 0.38 0.36 0.12 0.11 1 0.26 0.39 Fair Value of Financial Instruments.  The carrying value of cash and cash equivalents, accounts receivables, and current liabilities approximates their fair values due to their short-term maturities. Property and Equipment.  <span style="font-family:inherit;font-size:10pt;">Property and equipment are recorded at cost. Major additions and improvements that materially extend useful lives of property and equipment are capitalized. Maintenance and repairs are charged against the results of operations as incurred. When these assets are sold or otherwise disposed of, the asset and related depreciation are relieved, and any gain or loss is included in the consolidated statements of operations for the period of sale or disposal. Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:</span><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.015625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"/></tr><tr><td style="width:56%;"/><td style="width:44%;"/></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and fixtures</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Computer hardware and software</span></div></td><td style="vertical-align:top;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2 to 5 years (Lesser of lease term or useful life of improvement)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rental payments on operating leases are charged to expense in the consolidated statements of operations on a straight-line basis over the lease term.</span></div><br/> Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.015625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"/></tr><tr><td style="width:56%;"/><td style="width:44%;"/></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and fixtures</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Computer hardware and software</span></div></td><td style="vertical-align:top;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5 years</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:60px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2 to 5 years (Lesser of lease term or useful life of improvement)</span></div></td></tr></table></div> Patents.<span style="font-family:inherit;font-size:10pt;">  Patents include the cost of patents or patent rights (hereinafter, collectively “patents”) acquired from third-parties or obtained in connection with business combinations. Patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>five years</span></span>. P5Y Other Investments<span style="font-family:inherit;font-size:10pt;">. Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which the Company has the ability to exercise significant influence, are accounted for using the equity method of accounting. Acacia includes its proportionate share of earnings and/or losses of its equity method investees in equity in earnings (losses) of investee in the condensed consolidated statements of operations.</span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in preferred stock with substantive liquidation preferences are accounted for at cost, (subject to impairment considerations, as described below, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, is not substantially similar to common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses, if any. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The initial determination of whether an investment is substantially similar to common stock is made on the initial date of investment if the Company has the ability to exercise significant influence over the operating and financial policies of the investee. That determination is reconsidered if (i) contractual terms of the investment are changed, (ii) there is a significant change in the capital structure of the investee, including the investee's receipt of additional subordinated financing, or (iii) the Company obtains an additional interest in an investment, resulting in the method of accounting for the cumulative interest being based on the characteristics of the investment at the date at which the Company obtains the additional interest. Refer to Note 5 for additional information. Impairment of Investments. Acacia reviews its investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, Acacia considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, Acacia evaluates, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. Acacia also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded in the consolidated statements of operations and a new cost basis in the investment is established. <span style="font-family:inherit;font-size:10pt;font-style:italic;">Impairment of Long-lived Assets.</span><span style="font-family:inherit;font-size:10pt;"> Acacia reviews long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Refer to Note </span><span style="font-family:inherit;font-size:10pt;">5</span><span style="font-family:inherit;font-size:10pt;"> for additional information.</span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value is generally estimated using the “Income Approach,” focusing on the estimated future net income-producing capability of the patent portfolios over the estimated remaining economic useful life. Estimates of future after-tax cash flows are converted to present value through “discounting,” including an estimated rate of return that accounts for both the time value of money and investment risk factors. Estimated cash inflows are typically based on estimates of reasonable royalty rates for the applicable technology, applied to estimated market data. Estimated cash outflows are based on existing contractual obligations, such as contingent legal fee and inventor royalty obligations, applied to estimated license fee revenues, in addition to other estimates of out-of-pocket expenses associated with a specific patent portfolio’s licensing and enforcement program. The analysis also contemplates consideration of current information about the patent portfolio including, status and stage of litigation, periodic results of the litigation process, strength of the patent portfolio, technology coverage and other pertinent information that could impact future net cash flows.</span></div><br/> Contingent Liabilities. <span style="font-family:inherit;font-size:10pt;">The Company, from time to time, is involved in certain legal proceedings. Based upon consultation with outside counsel handling its defense in these matters and the Company’s analysis of potential outcomes, if the </span><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company determines that a loss arising from such matters is probable and can be reasonably estimated, an estimate of the contingent liability is recorded in its consolidated financial statements. If only a range of estimated loss can be determined, an amount within the range that, based on estimates, assumptions and judgments, reflects the most likely outcome, is recorded as a contingent liability in the consolidated financial statements. In situations where none of the estimates within the estimated range is a better estimate of probable loss than any other amount, the Company records the low end of the range. Any such accrual would be charged to expense in the appropriate period. Litigation expenses for these types of contingencies are recognized in the period in which the litigation services were provided.</span></div>Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by Acacia or its operating subsidiaries, could materially harm the Company’s operating results and financial position. Stock-Based Compensation.<span style="font-family:inherit;font-size:10pt;"> The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two to four years. The fair value of restricted stock and restricted stock unit awards is determined by the product of the number of shares or units granted and the grant date market price of the underlying common stock. The fair value of each option award is estimated on the date of grant using a Black-Scholes option-pricing model. Stock-based compensation expense for awards with service and/or performance conditions that affect vesting is recorded only for those awards expected to vest using an estimated forfeiture rate.</span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Financial Accounting Standards Board (“FASB”) issued a new standard, effective January 1, 2017, that allows entities to make a policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. Effective January 1, 2017, the Company elected to account for forfeitures of awards as they occur. The prior standard required the Company to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.8828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:47%;"/><td style="width:26%;"/><td style="width:1%;"/><td style="width:26%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the Years Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Risk-free interest rate</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.26%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.77%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Term</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Volatility</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend yield</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to a lack of sufficient historical stock option exercise experience, the Company utilized the simplified method for estimating the expected term for stock options granted during the periods presented.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the option. The risk-free interest rate is based on the U.S. treasury yield curve on the grant date for the expected term of the option.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards and stock option awards with performance-based vesting conditions generally vest based upon the Company achieving specified cash flow performance targets over a one and two-year period from the date of grant. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Performance-based stock options awards with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique. Assumptions utilized in connection with the Monte Carlo valuation technique included: estimated risk-free interest rate; expected volatility; and expected dividend yield. The risk-free interest rate was determined based on the yields available on U.S. Treasury zero-coupon </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">issues. The expected stock price volatility was determined using historical volatility. The expected dividend yield was based on expectations regarding dividend payments.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits Interest Units (“Units”) are accounted for in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation - Stock Compensation.” The Units vest as described at Note </span><span style="font-family:inherit;font-size:10pt;">9</span><span style="font-family:inherit;font-size:10pt;">, and therefore, the vesting conditions do not meet the definition of service, market or performance conditions, as defined in ASC 718. As such, the Units are classified as liability awards. Liability classified awards are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense is adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered. Initially, compensation expense was recognized on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which was five years. Upon full vesting of the award, which occurred during the three months ended September 30, 2017, previously unrecognized compensation expense was immediately recognized in the period, and will continue to be fully recognized for any changes in fair value, until the Units are settled. The Company has a purchase option to purchase the vested Units that are not otherwise forfeited after termination of continuous service. The exercise price of the purchase option is the fair market value of the Units on the date of termination of continuous service. At each reporting date, the value of the Units that are subject to the purchase option will be the measured at the fair value on the termination date. Non-cash stock compensation expense related to the Units is reflected in general and administrative expense in the accompanying consolidated statements of operations.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.8828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:47%;"/><td style="width:26%;"/><td style="width:1%;"/><td style="width:26%;"/></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the Years Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Risk-free interest rate</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.26%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.77%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Term</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.37</span></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Volatility</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend yield</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—%</span></span></div></td></tr></table></div> 0.0226 0.0177 P4Y4M13D P4Y4M13D 0.51 0.51 0 0 Income Taxes.  <span style="font-family:inherit;font-size:10pt;">Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in Acacia’s consolidated financial statements or consolidated income tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more than likely not be realized, or if it is determined that there is uncertainty regarding future realization of such assets.</span><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Under U.S. generally accepted accounting principles, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Tax positions that meet the more likely than not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement. </span></div>  Segment Reporting.<span style="font-family:inherit;font-size:10pt;">  Acacia uses the management approach, which designates the internal organization that is used by management for making operating decisions and assessing performance as the basis of Acacia’s reportable segments. Acacia’s patent licensing and enforcement business constitutes its single reportable segment.</span><br/> Use of Estimates<span style="font-family:inherit;font-size:10pt;">.  The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, the valuation of the loan and equity instruments discussed at Note </span><span style="font-family:inherit;font-size:10pt;">6</span><span style="font-family:inherit;font-size:10pt;">, stock-based compensation expense including the valuation of profits interests, impairment of patent-related intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.</span><br/> Income (Loss) Per Share.  <span style="font-family:inherit;font-size:10pt;">The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.” </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">  </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.21875%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:70%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator (in thousands):</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic and Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to Acacia Research Corporation</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,180</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Undistributed earnings allocated to participating securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to common stockholders – basic and diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net loss per share attributable to common stockholders – basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,495,119</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of potentially dilutive securities:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stock options and restricted stock units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>196,893</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,692,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic and diluted net loss per common share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.10</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,129,719</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,425,187</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">    </span></div> The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:<div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.21875%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:70%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator (in thousands):</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic and Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to Acacia Research Corporation</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,180</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Undistributed earnings allocated to participating securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss) attributable to common stockholders – basic and diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(105,029</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net loss per share attributable to common stockholders – basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,495,119</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of potentially dilutive securities:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stock options and restricted stock units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>196,893</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,969,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,692,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic and diluted net loss per common share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.10</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,129,719</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,425,187</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">    </span></div> -105029000 22180000 0 33000 -105029000 22147000 49969062 50495119 0 196893 49969062 50692012 -2.10 0.44 3129719 4425187 Treasury Stock. Repurchases of the Company’s outstanding common stock are accounted for using the cost method. The applicable par value is deducted from the appropriate capital stock account on the formal or constructive retirement of treasury stock. Any excess of the cost of treasury stock over its par value is charged to additional paid-in capital, and reflected as Treasury Stock on the consolidated balance sheets. <div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Short-term investments for the periods presented were comprised of the following (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.3828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Security Type</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Gross Unrealized Gains</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Gross Unrealized Losses</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,643</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,642</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,389</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(404</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,032</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(423</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,654</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Short-term investments as of December 31, 2018 were comprised of investments in corporate bonds (debt securities) and investments in equity securities of publicly held companies (equity). For the years ended December 31, 2018 and 2017, proceeds from the sale of debt securities were </span><span style="font-family:inherit;font-size:10pt;"><span>$65,144,000</span></span><span style="font-family:inherit;font-size:10pt;"> and</span><span style="font-family:inherit;font-size:10pt;"><span>$467,790,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. For the year ended December 31, 2018, proceeds from the sale of equity securities was </span><span style="font-family:inherit;font-size:10pt;"><span>$1,496,000</span></span>. There were no short-term investments as of December 31, 2017. for the periods presented were comprised of the following (in thousands):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.3828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Security Type</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Gross Unrealized Gains</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Gross Unrealized Losses</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,643</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,642</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading securities - equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,389</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(404</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,032</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(423</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,654</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 33643000 18000 19000 33642000 3389000 27000 -404000 3012000 37032000 45000 423000 36654000 65144000 467790000 1496000 ACCOUNTS PAYABLE AND ACCRUED EXPENSES<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable and accrued expenses consist of the following at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payroll and other employee benefits</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>465</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued vacation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>144</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>294</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued legal expenses - patent</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,479</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign taxes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>374</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued consulting and other professional fees</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,241</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,364</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other accrued liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>409</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,347</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,956</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> Accounts payable and accrued expenses consist of the following at <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payroll and other employee benefits</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>465</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued vacation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>144</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>294</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued legal expenses - patent</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,479</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign taxes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>374</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued consulting and other professional fees</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,241</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,364</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other accrued liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>409</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,347</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,956</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 205000 465000 144000 294000 5974000 5479000 374000 15000 1241000 1364000 409000 339000 8347000 7956000 <div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s only identifiable intangible assets are patents and patent rights, with estimated remaining economic useful lives ranging from </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>five years</span></span><span style="font-family:inherit;font-size:10pt;">. For all periods presented, all of Acacia’s identifiable intangible assets were subject to amortization. The gross carrying amounts and accumulated amortization related to investments in intangible assets as of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> are as follows (in thousands): </span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross carrying amount - patents                                                        </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>326,167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>444,137</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated amortization - patents</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span><span style="font-family:inherit;font-size:10pt;">                                                                         </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(319,580</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(382,220</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Patents, net                                                                             </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,587</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,917</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt"> (1)</sup></span><span style="font-family:inherit;font-size:8pt;"> Includes patent impairment charges for the applicable periods.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The weighted-average remaining estimated economic useful life of Acacia’s patents and patent rights is </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>4 years</span></span><span style="font-family:inherit;font-size:10pt;">. Scheduled annual aggregate amortization expense is estimated to be </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$2,559,000</span></span><span style="font-family:inherit;font-size:10pt;"> in fiscal year 2019, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1,671,000</span></span><span style="font-family:inherit;font-size:10pt;"> in 2020, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$811,000</span></span><span style="font-family:inherit;font-size:10pt;"> in 2021, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$811,000</span></span><span style="font-family:inherit;font-size:10pt;"> in 2022 and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$735,000</span></span><span style="font-family:inherit;font-size:10pt;"> in 2023.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia recorded impairment of patent-related intangible asset charges totaling $</span><span style="font-family:inherit;font-size:10pt;"><span>28,210,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2,248,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. The impairment charges related to impairments of patent portfolios due to a reduction in expected estimated future net cash flows and certain patent portfolios that management determined it would no longer allocate future resources to in connection with the licensing and enforcement of such portfolios, due primarily to adverse litigation outcomes, potential prior art related complexities and/or the overall determination that future resources would be allocated to other licensing and enforcement programs with higher potential return profiles. The impairment charges for the periods presented consisted of the excess of the asset’s carrying value over its estimated fair value. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For the year ended December 31, 2018, pursuant to the terms of the respective inventor agreements, certain Acacia operating subsidiaries elected to terminate or sell their rights to patent portfolios, resulting in the acceleration of amortization expense for the patent-related assets totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$8,307,000</span></span><span style="font-family:inherit;font-size:10pt;">. For the year ended December 31, 2017, there were no terminations or sales of patent portfolios. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">For the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, capitalized patent costs, accumulated amortization and impairment charges, and sales proceeds related to patent-related sales and disposals are as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:68.75%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:66%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capitalized patent costs</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated amortization / impairment charges</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,663</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales proceeds</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> P5Y The gross carrying amounts and accumulated amortization related to investments in intangible assets as of <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> are as follows (in thousands): </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross carrying amount - patents                                                        </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>326,167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>444,137</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated amortization - patents</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span><span style="font-family:inherit;font-size:10pt;">                                                                         </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(319,580</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(382,220</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Patents, net                                                                             </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,587</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,917</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 326167000 444137000 319580000 382220000 6587000 61917000 P4Y 2559000 1671000 811000 811000 735000 28210000 2248000 8307000 For the years ended <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, capitalized patent costs, accumulated amortization and impairment charges, and sales proceeds related to patent-related sales and disposals are as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:68.75%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:66%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capitalized patent costs</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated amortization / impairment charges</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,663</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales proceeds</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 117970000 0 109663000 0 14500000 0 INVESTMENTS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investment at Fair Value</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"/><span style="font-family:inherit;font-size:10pt;font-style:italic;">Veritone Investment Agreement. </span><span style="font-family:inherit;font-size:10pt;">On August 15, 2016, Acacia entered into an Investment Agreement with Veritone, Inc. (“Veritone”) pursuant to which Acacia funded in aggregate </span><span style="font-family:inherit;font-size:10pt;"><span>$20 million</span></span><span style="font-family:inherit;font-size:10pt;"> of loans to Veritone which were converted into </span><span style="font-family:inherit;font-size:10pt;"><span>1,523,746</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone’s common stock upon the public offering of Veritone common stock on May 17, 2017 (“IPO”), based on a conversion price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share. Veritone also issued Acacia a total of </span><span style="font-family:inherit;font-size:10pt;"><span>154,312</span></span><span style="font-family:inherit;font-size:10pt;"> warrants to purchase shares of Veritone’s common stock at an exercise price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share expiring in 2020. </span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition, in August 2016, Veritone issued Acacia a five-year warrant to purchase up to </span><span style="font-family:inherit;font-size:10pt;"><span>$50 million</span></span><span style="font-family:inherit;font-size:10pt;"> worth of shares of Veritone’s common stock at an exercise price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share subject to certain adjustments. Upon the consummation of Veritone’s IPO, Acacia exercised its option to purchase an additional </span><span style="font-family:inherit;font-size:10pt;"><span>2,150,335</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone common stock, at an aggregate purchase price of </span><span style="font-family:inherit;font-size:10pt;"><span>$29.3 million</span></span><span style="font-family:inherit;font-size:10pt;">. Acacia then received an additional warrant that provides for the issuance of an additional </span><span style="font-family:inherit;font-size:10pt;"><span>809,400</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone common stock at an exercise price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share expiring in 2022. </span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Veritone Bridge Loan. On March 14, 2017, Acacia entered into an additional secured convertible promissory note with Veritone pursuant to which Acacia funded </span><span style="font-family:inherit;font-size:10pt;"><span>$4.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> which was converted into </span><span style="font-family:inherit;font-size:10pt;"><span>445,440</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone’s common stock at a conversion price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share in the IPO. Acacia also received a 10-year warrant to purchase up to </span><span style="font-family:inherit;font-size:10pt;"><span>156,720</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone common stock at an exercise price of </span><span style="font-family:inherit;font-size:10pt;"><span>$13.61</span></span><span style="font-family:inherit;font-size:10pt;"> per share expiring in 2027.</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As a result of the foregoing transactions, Acacia received an aggregate total of </span><span style="font-family:inherit;font-size:10pt;"><span>4,119,521</span></span><span style="font-family:inherit;font-size:10pt;"> of Veritone shares and </span><span style="font-family:inherit;font-size:10pt;"><span>1,120,432</span></span><span style="font-family:inherit;font-size:10pt;"> of warrants in Veritone. On October 5, 2018, a registration statement on Form S-3 registering all of Acacia’s shares of Veritone common stock was declared effective by the SEC. During the year ended December 31, 2018, Acacia sold </span><span style="font-family:inherit;font-size:10pt;"><span>2,700,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares Veritone common stock at prices ranging from </span><span style="font-family:inherit;font-size:10pt;"><span>$4.95</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>$10.44</span></span><span style="font-family:inherit;font-size:10pt;"> and recorded a realized loss of </span><span style="font-family:inherit;font-size:10pt;"><span>$19.1 million</span></span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, the fair value of the </span><span style="font-family:inherit;font-size:10pt;"><span>1,419,521</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Veritone common stock owned by Acacia totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$5,395,000</span></span><span style="font-family:inherit;font-size:10pt;">. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, the fair value of the </span><span style="font-family:inherit;font-size:10pt;"><span>1,120,432</span></span><span style="font-family:inherit;font-size:10pt;"> common stock purchase warrants held by Acacia totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$2,064,000</span></span><span style="font-family:inherit;font-size:10pt;">. The Veritone common shares were subject to a lock-up agreement that expired on August 15, 2018, subsequent to which the fair value of the common stock (Level 1) and fair value of the common stock purchase warrants (Level 2) excluded a DLOM. </span></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes in the fair value of Acacia’s investment in Veritone are recorded as unrealized gains or losses in the consolidated statements of operations. For the period from the IPO on May 17, 2017 to December 31, 2017 and for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, the accompanying consolidated statements of operations reflected the following (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:88.28125%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:70%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain on conversion of loans and accrued interest</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,671</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain on exercise of warrant</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,616</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, warrants</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,895</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,317</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, common stock</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,208</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,922</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Loss on sale of investment, common stock</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realized and unrealized gain (loss) on investment at fair value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,198</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,526</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;">__________________________</span></div><div style="line-height:120%;text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></span><span style="font-family:inherit;font-size:8pt;"> Pre-conversion difference between carrying value of Loan and accrued interest and the estimated fair value of common stock discounted for lack of marketability.</span></div><div style="line-height:120%;text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(2) </sup></span><span style="font-family:inherit;font-size:8pt;">Pre-conversion difference between carrying value of Primary Warrant and the estimated fair value of common stock and 10% Warrant discounted for lack of marketability.</span></div><div style="line-height:120%;text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Miso Robotics Investment </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2017, Acacia made an investment in the Series A Preferred financing round for Miso Robotics, Inc. (“Miso Robotics”), an innovative leader in robotics and artificial intelligence solutions, totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$2,250,000</span></span><span style="font-family:inherit;font-size:10pt;">, acquiring a </span><span style="font-family:inherit;font-size:10pt;"><span>22.6%</span></span><span style="font-family:inherit;font-size:10pt;"> ownership interest in Series A preferred stock of Miso Robotics, and one board seat. In February 2018, Acacia made an additional equity investment in the Series B Preferred financing round for Miso Robotics totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$6,000,000</span></span><span style="font-family:inherit;font-size:10pt;">, increasing its ownership interest (Series B preferred stock) in Miso Robotics to approximately </span><span style="font-family:inherit;font-size:10pt;"><span>30%</span></span><span style="font-family:inherit;font-size:10pt;">, and acquiring an additional board seat. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>As of February 2018, the preferred stock was not deemed to be in-substance common stock due to the substantive liquidation preference associated with the preferred stock. As such, as of February 2018, the cumulative investment in Miso Robotics is recorded at cost and assessed for any impairment at each balance sheet date. Prior to February 2018, the equity method of accounting was applied. 20000000 1523746 13.61 154312 13.61 50000000 13.61 2150335 29300000 809400 13.61 4000000.0 445440 13.61 156720 13.61 4119521 1120432 2700000 4.95 10.44 19100000 1419521 5395000 1120432 2064000 For the period from the IPO on May 17, 2017 to December 31, 2017 and for the year ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, the accompanying consolidated statements of operations reflected the following (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:88.28125%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:70%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain on conversion of loans and accrued interest</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,671</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain on exercise of warrant</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,616</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, warrants</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,895</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,317</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in fair value of investment, common stock</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,208</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,922</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Loss on sale of investment, common stock</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realized and unrealized gain (loss) on investment at fair value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,198</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,526</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0 2671000 0 4616000 -11895000 8317000 -47208000 33922000 -19095000 -78198000 49526000 2250000 0.226 6000000 0.30 STOCKHOLDERS’ EQUITY<div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">    </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Repurchases of Common Stock. </span><span style="font-family:inherit;font-size:10pt;">In February 2018, Acacia’s Board of Directors authorized the repurchase of up to </span><span style="font-family:inherit;font-size:10pt;">$20,000,000</span><span style="font-family:inherit;font-size:10pt;"> of the Company’s outstanding common stock in open market purchases or private purchases, from time to time, in amounts and at prices to be determined by the Board of Directors at its discretion (the “Stock Repurchase Program”). In determining whether or not to repurchase any shares of Acacia’s common stock, Acacia’s Board of Directors consider such factors as the impact of the repurchase on Acacia’s cash position, as well as Acacia’s capital needs and whether there is a better alternative use of Acacia’s capital. Acacia has no obligation to repurchase any amount of its common stock under the Stock Repurchase Program. Repurchases to date were made in the open market in compliance with applicable SEC rules. The authorization to repurchase shares presented an opportunity to reduce the outstanding share count and enhance stockholder value. The repurchased shares are expected to be retired. Monthly stock repurchases for the periods presented, all of which were purchased as part of a publicly announced plan or program, were as follows:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.97560975609755%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"/></tr><tr><td style="width:34%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:23%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Number of Shares Purchased</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Price paid per Share</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Approximate Dollar Value of</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Shares that May Yet be</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Purchased under the Program</span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Plan Expiration</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">May 1, 2018- May 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,190,420</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,366,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span><span style="white-space:nowrap">February 28, 2019</span></span></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Totals for 2018</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,190,420</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.89</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Tax Benefits Preservation Plan</span><span style="font-family:inherit;font-size:10pt;">. On March 15, 2016, Acacia’s Board of Directors announced that it unanimously approved the adoption of a Tax Benefits Preservation Plan (the “Plan”). The purpose of the Plan is to protect the Company’s ability to utilize potential tax assets, such as net operating loss carryforwards (“NOLs”) and tax credits to offset potential future taxable income. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Plan is designed to reduce the likelihood that the Company will experience an ownership change by discouraging any (i) person or group from acquiring beneficial ownership of </span><span style="font-family:inherit;font-size:10pt;"><span>4.9%</span></span><span style="font-family:inherit;font-size:10pt;"> or more of the Company’s outstanding common stock and (ii) any existing shareholders who, as of the time of the first public announcement of the adoption of the Plan, beneficially own more than </span><span style="font-family:inherit;font-size:10pt;"><span>4.9%</span></span><span style="font-family:inherit;font-size:10pt;"> of the Company’s then-outstanding shares of the Company’s common stock from acquiring additional shares of the Company’s common stock (subject to certain exceptions). There is no guarantee, however, that the Plan will prevent the Company from experiencing an ownership change. </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><span style="font-family:inherit;font-size:10pt;">In connection with the adoption of the Plan, Acacia’s Board of Directors authorized and declared a dividend distribution of one right for each outstanding share of the Company’s common stock to shareholders of record at the close of business on March 16, 2016. On or after the distribution date, each right would initially entitle the holder to purchase one one-thousandth of a share of the Company’s Series A Junior Participating Preferred Stock, </span><span style="font-family:inherit;font-size:10pt;"><span>$0.001</span></span><span style="font-family:inherit;font-size:10pt;"> par value for a purchase price of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.00</span></span>. Monthly stock repurchases for the periods presented, all of which were purchased as part of a publicly announced plan or program, were as follows:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.97560975609755%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"/></tr><tr><td style="width:34%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:23%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Number of Shares Purchased</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Price paid per Share</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Approximate Dollar Value of</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Shares that May Yet be</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Purchased under the Program</span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Plan Expiration</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">May 1, 2018- May 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,190,420</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,366,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span><span style="white-space:nowrap">February 28, 2019</span></span></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Totals for 2018</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,190,420</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.89</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div> 1190420 3.89 15366000 2019-02-28 1190420 3.89 0.049 0.049 0.001 15.00 INCOME TAXES<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): </span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.8984375%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State                                                    </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,092</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total current</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,179</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,955</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State                                             </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,179</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,955</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net operating loss and capital loss carryforwards and credits</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,862</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,871</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized loss on investments held at fair value</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,455</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock compensation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,365</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,635</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed assets and intangibles</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,197</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basis of investments in affiliates</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>984</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued liabilities and other</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>208</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax assets</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,532</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,532</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,278</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax assets, net of valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax liabilities:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized gain on investments held at fair value</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,587</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(24</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax liabilities</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net deferred tax assets (liabilities)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.8984375%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Statutory federal tax rate - (benefit) expense</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State income and foreign taxes, net of federal tax effect</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign tax credit</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests in operating subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nondeductible permanent items</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in tax rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(137</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For the periods presented, the Company recorded full valuation allowances against its net deferred tax assets due to uncertainty regarding future realization pursuant to guidance set forth in ASC 740, “Income Taxes.” In future periods, if the Company determines it will more likely than not be able to realize certain of these amounts, the applicable portion of the benefit from the release of the valuation allowance will generally be recognized in the statements of operations in the period the determination is made. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, Acacia had U.S. federal and state income tax net operating loss carryforwards (“NOLs”) totaling approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$222,861,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$19,471,000</span></span><span style="font-family:inherit;font-size:10pt;">, expiring between 2026 and 2038, and 2028 and 2038, respectively. Capital loss carryovers totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$19,952,000</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, expiring between 2019 and 2023.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, Acacia had approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$51,508,000</span></span><span style="font-family:inherit;font-size:10pt;"> of foreign tax credits, expiring between 2020 and 2026. In general, foreign taxes withheld may be claimed as a deduction on future U.S. corporate income tax returns, or as a credit against future U.S. income tax liabilities, subject to certain limitations. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">  </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax expense for the periods presented primarily reflects foreign taxes withheld on revenue agreements executed with licensees in foreign jurisdictions and other state taxes. Excluding the impact of the change in valuation allowance and the impact of the federal tax rate change under the change in tax law described below, annual effective tax rates were </span><span style="font-family:inherit;font-size:10pt;"><span>19%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>47%</span></span><span style="font-family:inherit;font-size:10pt;"> for fiscal years </span><span style="font-family:inherit;font-size:10pt;">2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Results for fiscal year 2018 included an unrealized loss on Acacia’s investment in Veritone which created a deferred tax asset totaling approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$2,455,000</span></span><span style="font-family:inherit;font-size:10pt;">. Results for fiscal year 2017 included an unrealized gain on Acacia’s investment in Veritone which created a deferred tax liability totaling approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$10,587,000</span></span><span style="font-family:inherit;font-size:10pt;">. The 2017 deferred tax liability was reversed in fiscal year 2018 as a result of the 2018 unrealized loss on Acacia’s investment in Veritone and the realized loss on the sale of Veritone common stock. The effective tax rate reflects both the recognition of the deferred tax liability and the reversal of the valuation allowance. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective January 1, 2017, the Company adopted a new standard that requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. The adoption of this standard resulted in the Company recognizing gross federal and state deferred tax assets of </span><span style="font-family:inherit;font-size:10pt;"><span>$21,350,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1,559,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, for the year ended December 31, 2017 related to the impact of share-based payments to employees in prior periods. These deferred tax assets are fully offset by a valuation allowance and were impacted by the change in tax rate described below.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia is subject to taxation in the U.S. and in various state jurisdictions and incurs foreign tax withholdings on revenue agreements with licensees in certain foreign jurisdictions. With no material exceptions, Acacia is no longer subject to U.S. federal or state examinations by tax authorities for years before 2011. The California Franchise Tax Board is auditing the 2011 through 2016 California combined income tax returns. The California Franchise Tax Board has proposed adjustments for 2011 and 2012 that, if expensed, would not be material to the consolidated statements of operations for the periods presented. We have protested these adjustments. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, the Company had total unrecognized tax benefits of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$808,000</span></span><span style="font-family:inherit;font-size:10pt;">. No interest and penalties have been recorded for the unrecognized tax benefits for the periods presented. At December 31, 2017, if recognized, approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$808,000</span></span><span style="font-family:inherit;font-size:10pt;"> of tax benefits, net of valuation allowance, would impact the Company’s effective tax rate. The Company does not expect that the liability for unrecognized tax benefits will change significantly within the next 12 months. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia recognizes interest and penalties with respect to unrecognized tax benefits in income tax expense. Acacia has identified no uncertain tax position for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within 12 months.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">On December 22, 2017, new U.S. tax legislation was enacted that has significantly changed the U.S. federal income taxation of U.S. corporations, including by reducing the U.S. corporate income tax rate to </span><span style="font-family:inherit;font-size:10pt;"><span>21%</span></span><span style="font-family:inherit;font-size:10pt;">, revising the rules governing net operating losses and foreign tax credits, and introducing new anti-base erosion provisions. For the year ended December 31, 2017, we reflected a write-down of our deferred income tax assets (including the value of our net operating loss carryforwards and our tax credit carryforwards) due the reduction of the U.S. corporate income tax rate and recorded a reduction of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$25,261,000</span></span> related to the revaluation of our deferred tax assets. This amount was not adjusted during the year ended December 31, 2018. Given the full valuation allowance provided for net deferred tax assets as of December 31, 2018 and 2017, the change in tax law did not have a material impact on our consolidated financial statements. Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.8984375%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State                                                    </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,092</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total current</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,179</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,955</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State                                             </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,179</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,955</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0 0 87000 90000 1092000 2865000 1179000 2955000 0 0 0 0 0 0 1179000 2955000 The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at <span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:76%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net operating loss and capital loss carryforwards and credits</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,862</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,871</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized loss on investments held at fair value</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,455</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock compensation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,365</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,635</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed assets and intangibles</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,197</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basis of investments in affiliates</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>984</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued liabilities and other</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>208</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax assets</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,532</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,532</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,278</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax assets, net of valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax liabilities:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized gain on investments held at fair value</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,587</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(24</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total deferred tax liabilities</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net deferred tax assets (liabilities)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 104862000 90871000 2455000 0 1365000 2635000 3330000 6197000 286000 984000 208000 167000 26000 35000 112532000 100889000 112532000 90278000 0 10611000 0 10587000 18000 24000 18000 10611000 18000 0 A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.8984375%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Statutory federal tax rate - (benefit) expense</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State income and foreign taxes, net of federal tax effect</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign tax credit</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests in operating subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nondeductible permanent items</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Change in tax rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(137</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div> 0.21 0.35 -0.01 0.08 0 0 0 0.01 -0.01 0.03 0 1.02 -0.20 -1.37 -0.01 0.12 222861000 19471000 19952000 51508000 0.19 0.47 2455000 10587000 21350000 1559000 808000 808000 0.21 25261000 EQUITY-BASED INCENTIVE PLANS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock-Based Incentive Plans</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The 2013 Acacia Research Corporation Stock Incentive Plan (“2013 Plan”) and the 2016 Acacia Research Corporation Stock Incentive Plan (“2016 Plan”) (collectively, the “Plans”) were approved by the stockholders of Acacia in May 2013 and June 2016, respectively. All Plans allow grants of stock options, stock awards and performance shares with respect to Acacia common stock to eligible individuals, which generally includes directors, officers, employees and consultants. Except as noted below, the terms and provisions of the Plans are identical in all material respects. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s compensation committee administers the discretionary option grant and stock issuance programs. The compensation committee determines which eligible individuals are to receive option grants or stock issuances under those programs, the time or times when the grants or issuances are to be made, the number of shares subject to each grant or issuance, the status of any granted option as either an incentive stock option or a non-statutory stock option under the federal tax laws, the vesting schedule to be in effect for the option grant or stock issuance and the maximum term for which any granted option is to remain outstanding. The exercise price of options is generally equal to the fair market value of Acacia’s common stock on the date of grant. Options generally begin to be exercisable six months to one year after grant and generally expire seven to ten years after grant. Stock options with time-based vesting generally vest over two to three years and restricted shares with time based vesting generally vest in full after two to three years (generally representing the requisite service period). The Plans terminate no later than the tenth anniversary of the approval of the incentive plans by Acacia’s stockholders.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Plans provide for the following separate programs:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Discretionary Option Grant Program</span><span style="font-family:inherit;font-size:10pt;">. Under the discretionary option grant program, Acacia’s compensation committee may grant (1) non-statutory options to purchase shares of common stock to eligible individuals in the employ or service of Acacia or its subsidiaries (including employees, non-employee board members and consultants) at an exercise price not less than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>85%</span></span><span style="font-family:inherit;font-size:10pt;"> of the fair market value of those shares on the grant date, and (2) incentive stock options to purchase shares of common stock to eligible employees at an exercise price not less than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of the fair market value of those shares on the grant date (not less than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>110%</span></span><span style="font-family:inherit;font-size:10pt;"> of fair market value if such employee actually or constructively owns more than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>10%</span></span><span style="font-family:inherit;font-size:10pt;"> of Acacia’s voting stock or the voting stock of any of its subsidiaries).</span></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock Issuance Program</span><span style="font-family:inherit;font-size:10pt;">. Under the stock issuance program, eligible individuals may be issued shares of common stock directly, upon the attainment of performance milestones or the completion of a specified period of service or as a bonus for past services. Under this program, the purchase price for the shares shall not be less than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of the fair market value of the shares on the date of issuance, and payment may be in the form of cash or past services rendered. The eligible individuals shall have full stockholder rights with respect to any shares of Common Stock issued to them under the Stock Issuance Program, whether or not their interest in those shares is vested. Accordingly, the eligible individuals shall have the right to vote such shares and to receive any regular cash dividends paid on such shares. </span></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Automatic Option Grant Program</span><span style="font-family:inherit;font-size:10pt;">. Through fiscal year 2016, each non-employee director received restricted stock units or stock options for the number of shares determined by dividing the annual retainer by the grant date fair value of Acacia’s common stock on the grant date. In addition, each new non-employee director received restricted </span></div></td></tr></table><div style="line-height:120%;padding-left:60px;text-align:left;"><span style="font-family:inherit;font-size:10pt;">stock units or stock options for the number of shares determined by dividing the annual board of directors retainer by the grant date fair value of Acacia’s common stock on the commencement date. These restricted stock units and stock options vested in a series of twelve quarterly installments over the three year period following the grant date, subject to immediate acceleration upon a change in control. Acacia will deliver the unrestricted shares corresponding to the vested restricted stock units within thirty (30) days after the first to occur of the following events: (i) the fifth (5th) anniversary of the grant date; or (ii) termination of the non-employee director’s service as a member of the Company’s Board of Directors. The non-employee directors do not have any rights, benefits or entitlements with respect to any shares unless and until the shares have been delivered.</span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The number of shares of Common Stock initially reserved for issuance under the 2013 Plan was </span><span style="font-family:inherit;font-size:10pt;"><span>4,750,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares. No new additional shares will be added to the 2013 Plan without security holder approval (except for shares subject to outstanding awards that are forfeited or otherwise returned to the 2013 Plan). The stock issuable under the 2013 Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. In June 2016, </span><span style="font-family:inherit;font-size:10pt;"><span>625,390</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock available for issuance under the 2013 Plan were transferred into the 2016 Plan. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there were </span><span style="font-family:inherit;font-size:10pt;"><span>709,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares available for grant under the 2013 Plan.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The number of shares of Common Stock initially reserved for issuance under the 2016 Plan was </span><span style="font-family:inherit;font-size:10pt;"><span>4,500,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares plus </span><span style="font-family:inherit;font-size:10pt;"><span>625,390</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock available for issuance under the 2013 Plan, as of the effective date of the Plan. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there were </span><span style="font-family:inherit;font-size:10pt;"><span>3,689,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares available for grant under the 2016 Plan.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Upon the exercise of stock options, the granting of restricted stock, or the delivery of shares pursuant to vested restricted stock units, it is Acacia’s policy to issue new shares of common stock. Acacia’s board of directors may amend or modify the Plans at any time, subject to any required stockholder approval. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there are </span><span style="font-family:inherit;font-size:10pt;"><span>7,938,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock reserved for issuance under the Plans.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock-based award grant activity for the periods presented was as follows:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.70731707317073%;border-collapse:collapse;text-align:left;"><tr><td colspan="15"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Aggregate fair value (in thousands)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Aggregate fair value (in thousands)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>386</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with time-based service vesting conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>930,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,588</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,368,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,930</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total incentive awards granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,032,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,368,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,930</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes stock option activity for the Plans for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-Average</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Exercise</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Remaining</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Contractual Term</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Aggregate</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Intrinsic Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,830,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5.13</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>930,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.91</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercised</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(83,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Expired/forfeited</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,168,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5.00</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,509,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.1 years</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,339,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.82</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.2 years</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercisable at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,339,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.82</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.2 years</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The aggregate intrinsic value of options exercised during the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>$51,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$296,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The aggregate intrinsic value of options vested during the year ended December 31, 2018 was </span><span style="font-family:inherit;font-size:10pt;"><span>$0</span></span><span style="font-family:inherit;font-size:10pt;">. The aggregate fair value of options granted during the year ended December 31, 2018 was </span><span style="font-family:inherit;font-size:10pt;"><span>$1,588,000</span></span><span style="font-family:inherit;font-size:10pt;">. The aggregate fair value of options vested during the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>$1,918,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2,009,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively.  As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, the total unrecognized compensation expense related to nonvested stock option awards was </span><span style="font-family:inherit;font-size:10pt;"><span>$844,000</span></span><span style="font-family:inherit;font-size:10pt;">, which is expected to be recognized over a weighted-average term of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>1 year</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes nonvested restricted share activity for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:72%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nonvested</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Grant Date Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.77</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(225,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.32</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Canceled</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The weighted-average grant date fair value of nonvested restricted stock granted during the years ended December 31, 2018 and 2016 was </span><span style="font-family:inherit;font-size:10pt;"><span>$3.79</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$3.12</span></span><span style="font-family:inherit;font-size:10pt;">, respectively.  There were no grants of restricted stock during the year ended December 31, 2017. The aggregate fair value of restricted stock that vested during the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$972,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1,560,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. As of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there was no unrecognized compensation expense related to nonvested restricted stock awards.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes restricted stock unit activity for the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:73%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Grant Date Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock units outstanding at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.72</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock units outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested restricted stock units outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15.43</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">There were </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> restricted units granted during the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">. The aggregate fair value of restricted stock units that vested during the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$40,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$200,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. As of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there was no unrecognized compensation expense related to restricted stock unit awards. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Profits Interest Plan </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On February 16, 2017, AIP Operation LLC, a Delaware limited liability company (“AIP”), and an indirect subsidiary of Acacia, adopted a Profits Interest Plan (the “Plan”) that provides for the grant of membership interests in AIP to certain members of management and the Board of Directors of Acacia as compensation for services rendered for or on behalf of AIP. Each profits interest unit granted pursuant to the Plan is intended to qualify as a “profits interest” for U.S. federal income tax purposes and will only have value to the extent the fair value of AIP increases beyond the fair value at the issuance date of the membership interests. The membership interests are represented by units (the “Units”) reserved for the issuance of awards under the Plan. The Units entitle the holders to share in or be allocated certain AIP profits and losses and to receive or share in AIP distributions pursuant to the AIP Limited Liability Company Operating Agreement entered into as of February 16, 2017 (the “LLC Agreement”). In connection with the adoption of the Plan, a form of Profits Interest Agreement was approved pursuant to which Units may be granted from time to time. Units vest upon AIP’s achievement of certain performance milestones (one-third upon 150% appreciation, and the remaining two-thirds upon 300% appreciation in value of Acacia’s aggregate investment in Veritone), subject to the continued service of the recipient, and are subject to the terms and conditions of the Plan, the Profits Interest Agreement and the LLC Agreement. The Units were fully vested in September 2017.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia owns </span><span style="font-family:inherit;font-size:10pt;"><span>60%</span></span><span style="font-family:inherit;font-size:10pt;"> of the membership interests in AIP and at all times will control AIP. Acacia from time to time may contribute to AIP certain assets or securities related to portfolio companies in which Acacia holds an interest. Units may be awarded as one-time, discretionary grants to recipients. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, AIP holds the Veritone 10% Warrant described at Note </span><span style="font-family:inherit;font-size:10pt;">6</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interests totaling 400 Units, or 40% of the membership interests in AIP, were granted in February 2017, with an aggregate grant date fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$722,000</span></span><span style="font-family:inherit;font-size:10pt;">. The fair value of the Units totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$591,000</span></span><span style="font-family:inherit;font-size:10pt;"> as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. Upon full vesting of the units in September 2017, all previously unrecognized compensation expense was immediately recognized.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Compensation expense for the periods presented was comprised of the following:</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.39024390243902%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>460</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,025</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock unit awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with performance-based vesting conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with time-based service vesting conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,672</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with market-based vesting conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,372</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interests units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total compensation expense</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(317</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,885</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0.85 1 1.10 0.10 1 4750000 625390 709000 4500000 625390 3689000 7938000 Stock-based award grant activity for the periods presented was as follows:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.70731707317073%;border-collapse:collapse;text-align:left;"><tr><td colspan="15"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Aggregate fair value (in thousands)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Aggregate fair value (in thousands)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>386</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with time-based service vesting conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>930,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,588</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,368,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,930</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total incentive awards granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,032,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,368,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,930</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 102000000 386000 0 0 930000000 1588000 1368000000 2930000 1032000000 1974000 1368000000 2930000 The following table summarizes stock option activity for the Plans for the year ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-Average</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Exercise</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Remaining</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Contractual Term</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Aggregate</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-align:center;">Intrinsic Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,830,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5.13</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>930,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.91</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercised</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(83,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Expired/forfeited</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,168,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5.00</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,509,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.1 years</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,339,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.82</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.2 years</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercisable at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,339,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.82</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.2 years</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 5830000 5.13 930000 3.91 83000 3.12 -3168000 5.00 3509000 4.96 P4Y1M6D 0 2339000 4.82 P3Y2M12D 0 2339000 4.82 P3Y2M12D 0 51000 296000 0 1588000 1918000 2009000 844000 P1Y The following table summarizes nonvested restricted share activity for the year ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:72%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nonvested</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Grant Date Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.77</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(225,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.32</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Canceled</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 123000 4.77 102000 3.79 225000 4.32 0 0 0 0 3.79 3.12 972000 1560000 The following table summarizes restricted stock unit activity for the year ended <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:73%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Grant Date Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock units outstanding at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.72</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Nonvested restricted stock units outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested restricted stock units outstanding at December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15.43</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 2000 16.72 -2000 16.72 0 0 31000 15.43 0 40000 200000 0.60 722000 -591000 Compensation expense for the periods presented was comprised of the following:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.39024390243902%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>460</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,025</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock unit awards with time-based service conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted stock awards with performance-based vesting conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with time-based service vesting conditions</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,672</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options with market-based vesting conditions</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,372</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Profits interests units</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total compensation expense</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(317</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,885</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 460000 1025000 1000 161000 0 121000 1672000 2165000 0 2372000 -2450000 3041000 -317000 8885000 COMMITMENTS AND CONTINGENCIES<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Leases</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia leases certain office space under various operating lease agreements expiring at various dates from 2019 through 2020. Minimum annual rental commitments, net of guaranteed sublease income, for operating leases having initial or remaining noncancellable lease terms in excess of one year are as follows (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:70.703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:85%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>599</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total minimum lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>688</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rent expense for the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> approximated </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1,106,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1,392,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Rental payments are expensed in the statements of operations in the period to which they relate. Scheduled rent increases are amortized on a straight-line basis over the lease term. During the year ended December 31, 2018, we recorded a one-time charge of $629,000 for the excess of lease payments over anticipated sublease income through expiration of the lease.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Inventor Royalties and Contingent Legal Expenses</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In connection with the investment in certain patents and patent rights, certain of Acacia’s operating subsidiaries executed related agreements which grant to the former owners of the respective patents or patent rights, the right to receive inventor royalties based on future net revenues (as defined in the respective agreements) generated as a result of licensing and otherwise enforcing the respective patents or patent portfolios.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia’s operating subsidiaries may retain the services of law firms that specialize in patent licensing and enforcement and patent law in connection with their licensing and enforcement activities. These law firms may be retained on a contingent fee basis whereby such law firms are paid on a scaled percentage of any negotiated fees, settlements or judgments awarded based on how and when the fees, settlements or judgments are obtained.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">  </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Patent Enforcement </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">     </span><span style="font-family:inherit;font-size:10pt;">Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights.  In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions.  In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On June 17, 2015, Celltrace Communications Ltd. (“Celltrace”) filed a lawsuit against Acacia in U.S. District Court for the Southern District of New York, Case No. 1:15-cv-04746, alleging, among other things, significant damages for alleged breach of contract, unjust enrichment and fraud.  Acacia disputes the allegations and does not believe that Celltrace is entitled to any damages.  Acacia successfully moved to compel arbitration of the dispute, and the District Court stayed the litigation </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">pending arbitration before the International Court of Arbitration for the International Chamber of Commerce (the “ICC”).  Celltrace appealed the decision to the U.S. Court of Appeals for the Second Circuit, which denied the appeal.  Celltrace filed its request for arbitration of the claims with the ICC on November 28, 2016.  Acacia filed an answer denying all allegations of wrongdoing and asserting affirmative defenses.  A tribunal was appointed to preside over the arbitration and conducted its first case management conference on June 26, 2017.  The parties conducted discovery and submitted their cases in chief to the tribunal in a series of written submissions per the tribunal’s orders between January 2018 and December 2018.  The tribunal held an evidentiary hearing with live witness testimony in New York City between February 4, 2019 and February 13, 2019.  At the end of the hearing, the tribunal set a schedule for post-hearing briefing by the parties, which is currently scheduled to conclude in April 2019, after which the tribunal will render a decision.  Acacia continues to vigorously contest all allegations of wrongdoing.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"/><span style="font-family:inherit;font-size:10pt;">On December 6, 2017, the Federal Court of Canada allowed a counterclaim for invalidity of a patent asserted by Rapid Completions LLC and awarded costs payable by Rapid Completions LLC in an amount to be determined.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acacia is subject to claims, counterclaims and legal actions that arise in the ordinary course of business. Management believes that the ultimate liability with respect to these claims and legal actions, if any, will not have a material effect on Acacia’s consolidated financial position, results of operations or cash flows. Fiscal year 2018 operating expenses included expenses for settlement and contingency accruals totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$2,602,000</span></span><span style="font-family:inherit;font-size:10pt;">, net of prior accruals.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Guarantees and Indemnifications</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain of Acacia’s operating subsidiaries have made guarantees and indemnities under which they may be required to make payments to a guaranteed or indemnified party, in relation to certain transactions, including revenue transactions in the ordinary course of business. In connection with certain facility leases, Acacia and certain of its operating subsidiaries have indemnified lessors for certain claims arising from the facilities or the leases. Acacia indemnifies its directors and officers to the maximum extent permitted under the laws of the State of Delaware. However, Acacia has a directors and officers insurance policy that may reduce its exposure in certain circumstances and may enable it to recover a portion of future amounts that may be payable, if any. The duration of the guarantees and indemnities varies and, in many cases is indefinite but subject to statute of limitations. The majority of guarantees and indemnities do not provide any limitations of the maximum potential future payments that Acacia could be obligated to make. To date, Acacia has made no payments related to these guarantees and indemnities. Acacia estimates the fair value of its indemnification obligations to be insignificant based on this history and therefore, have not recorded any liability for these guarantees and indemnities in the accompanying consolidated balance sheets. Additionally, no events or transactions have occurred that would result in a material liability at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In August 2010, a wholly owned subsidiary of Acacia became the general partner of the Acacia IP Fund, which was formed in August 2010. The Acacia IP Fund invests in, licenses and enforces IP consisting primarily of patents, patent rights, and patented technologies. The Acacia IP Fund was terminated as of December 31, 2017. The final distribution to the partners of the Acacia IP Fund will be made in 2019. Minimum annual rental commitments, net of guaranteed sublease income, for operating leases having initial or remaining noncancellable lease terms in excess of one year are as follows (in thousands):<span style="font-family:inherit;font-size:10pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:70.703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:85%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>599</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total minimum lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>688</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 599000 89000 688000 1106000 1392000 2602000 <div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><br/> RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Retirement Savings Plan.</span><span style="font-family:inherit;font-size:10pt;">  Acacia has an employee savings and retirement plan under section 401(k) of the Code (the “Plan”). The Plan is a defined contribution plan in which eligible employees may elect to have a percentage of their compensation contributed to the Plan, subject to certain guidelines issued by the Internal Revenue Service. Acacia may contribute to the Plan at the discretion of the board of directors. There were no contributions made by Acacia during the periods presented.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Executive Severance Policy.</span><span style="font-family:inherit;font-size:10pt;">  Under Acacia’s Amended Executive Severance Policy, full-time employees as of July 2017 and prior with the title of Senior Vice President and higher (“SVP and higher”) are entitled to receive certain benefits upon termination of employment. If employment of an SVP and higher employee is terminated for other than cause or other than on account of death or disability, Acacia will (i) promptly pay to the SVP and higher employee a lump sum amount equal to the aggregate of (a) accrued obligations (i.e., annual base salary through the date of termination to the extent not theretofore paid and any compensation previously deferred (together with any accrued interest or earnings thereon) and any accrued vacation pay, and reimbursable expenses, in each case to the extent not theretofore paid) and (b) three (3) months of base salary </span></div><span style="font-family:inherit;font-size:10pt;">for each full year that the SVP and higher employee was employed by the Company (the “Severance Period”), up to a maximum of twelve (12) months (eighteen (18) months for executive officers of Acacia Research Corporation) of base salary, and (ii) provide to the SVP and higher employee, Acacia paid COBRA coverage for the medical and dental benefits selected in the year in which the termination occurs, for the duration of the Severance Period. Results for the year ended December 31, 2018 and 2017 include </span><span style="font-family:inherit;font-size:10pt;"><span>$2,458,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1,421,000</span></span> in benefits paid under the executive severance policy. 2458000 1421000 SUPPLEMENTAL CASH FLOW INFORMATION<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash paid for state income taxes totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$140,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$181,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Foreign taxes withheld totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$1,093,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2,865,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Refer to Note </span><span style="font-family:inherit;font-size:10pt;">4</span><span style="font-family:inherit;font-size:10pt;"> for accrued foreign taxes payable. </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Refer to Note </span><span style="font-family:inherit;font-size:10pt;">6</span> for information regarding noncash investing activity related to the investment in Veritone for the periods presented. 140000 181000 1093000 2865000 RECENT ACCOUNTING PRONOUNCEMENTS<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements - Recently Adopted. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> In May 2014, the FASB issued a new accounting standards update addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under the standard, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. In doing so, the Company is required to use more judgment and make more estimates in connection with the accounting for revenue contracts with customers than under previous guidance, as described in Note 2. Under the standard, (i) an entity should account for a promise to provide a customer with a right to access the entity’s IP as a performance obligation satisfied over time because the customer will simultaneously receive and consume the benefit from the entity’s performance of providing access to its IP as the performance occurs, and (ii) an entity’s promise to provide a customer with the right to use its IP is satisfied at a point in time. In addition, revenues from contracts with significant financing components should be recognized at an amount that reflects the price that a customer would have paid if the customer had paid cash for the goods or services when they transfer to the customer (i.e. adjustment for the time value of money). For sales and usage based royalties, the new standard requires that the Company include in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company used the modified retrospective method of adoption and recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings on January 1, 2018. Comparative prior year periods were not adjusted. The new accounting standard was applied to all contracts at the date of initial application. The cumulative effect of applying the new revenue standard, primarily relating to financing components of contracts executed in prior periods and estimates of variable consideration for sales and usage based royalty agreements executed in prior periods, was as follows (in thousands): </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustments Due to ASC 606</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at January 1, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts receivable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>153</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,542</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,695</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Royalties and contingent legal fees payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,601</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,329</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated deficit</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(320,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,506</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(317,512</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,358</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>308</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,666</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The impact of the adoption of the new accounting standard on the condensed consolidated balance sheet and statement of operations was as follows (in thousands):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.9921875%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"/></tr><tr><td style="width:39%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:19%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance as Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance under Legacy GAAP</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Effect of Change</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts receivable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,884</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,500</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Royalties and contingent legal fees payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,404</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Year Ended December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance as Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance under Legacy GAAP</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Effect of Change</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Statements of Operations:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,723</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inventor royalties</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(873</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Contingent legal fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,501</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,020</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>519</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued amended guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions or the classification of the award changes as a result of the change in terms or conditions. This amendment is effective prospectively for annual periods beginning on or after December 15, 2017. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements - Not Yet Adopted. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In February 2016, the FASB issued an accounting standard update which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company has two leases with terms that extend beyond 12 months at December 31, 2018. Both leases have guaranteed sublease income through the termination of the lease. Management does not believe that the impact that adopting this new accounting guidance will have a material effect on its financial statements and footnote disclosures and expects to adopt the new standard effective January 1, 2019. The cumulative effect of applying the new revenue standard, primarily relating to financing components of contracts executed in prior periods and estimates of variable consideration for sales and usage based royalty agreements executed in prior periods, was as follows (in thousands): <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustments Due to ASC 606</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at January 1, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts receivable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>153</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,542</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,695</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Royalties and contingent legal fees payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,601</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,329</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accumulated deficit</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(320,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,506</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(317,512</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Noncontrolling interests</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,358</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>308</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,666</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 153000 4542000 4695000 1601000 1728000 3329000 -320018000 2506000 -317512000 1358000 308000 1666000 The impact of the adoption of the new accounting standard on the condensed consolidated balance sheet and statement of operations was as follows (in thousands):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.9921875%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"/></tr><tr><td style="width:39%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:19%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance as Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance under Legacy GAAP</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Effect of Change</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts receivable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,884</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,500</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Royalties and contingent legal fees payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,404</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Year Ended December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance as Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance under Legacy GAAP</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Effect of Change</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Statements of Operations:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,723</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inventor royalties</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(873</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Contingent legal fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,501</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,020</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>519</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 32884000 28500000 4384000 22688000 20404000 2284000 131506000 131723000 217000 35168000 34295000 -873000 31501000 32020000 519000  FAIR VALUE DISCLOSURES<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> Acacia holds the following types of financial instruments at December 31, 2018 and 2017.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading securities - debt. </span><span style="font-family:inherit;font-size:10pt;">Debt securities includes corporate bonds with fair value that is determined by third party quotations from outside pricing services and/or computerized pricing models, which may be based on transactions, bids or estimates. Acacia classifies the fair value of corporate bonds within Level 2 of the valuation hierarchy. </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">    </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Trading securities - equity. </span><span style="font-family:inherit;font-size:10pt;">Equity securities includes investments in public companies common stock and are recorded at fair value based on the quoted market price of each share on the valuation date. The fair value of these securities are within Level 1 of the valuation hierarchy. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments at fair value - common stock</span><span style="font-family:inherit;font-size:10pt;">. Acacia’s equity investment in Veritone common stock is recorded at fair value based on the quoted market price of Veritone’s common stock on the applicable valuation date. The fair value at December 31, 2017 was adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares under a lock-up agreement at December 31, 2017 (Level 3 input). At December 31, 2018, there were no restrictions on the common shares and the investment in common shares was transfered from Level 3 to Level 1. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments at fair value - warrants. </span><span style="font-family:inherit;font-size:10pt;"> Warrants are recorded at fair value, as based on the Black-Scholes option-pricing model (Level 2). Warrants on securities under a lock-up agreement are adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares (Level 3).</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Profits interests. </span>For the year ended December 31, 2018, the fair value of the Units was estimated at 40% of the fair value of the 10% Warrant, based on the Black-Scholes option-pricing model (Level 2). For the year ended December 31, 2017, the fair value of the Units was estimated based on probable vesting dates and values for the applicable instruments (i.e. common stock and warrants related to Acacia’s Veritone investment described at Note 6) underlying or associated with the Units (Level 3). RELATED PARTY TRANSACTIONS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">During the year ended December 31, 2018, the Company paid </span><span style="font-family:inherit;font-size:10pt;"><span>$976,000</span></span> in expenses related to the reimbursement of costs incurred by Sidus Investment Management, LLC (“Sidus”) on behalf of the participants (together with Sidus, the “Participants”) named in the proxy statement filed on June 7, 2018 by the Participants, in connection with a contested proxy election. These expenses are included in general and administrative expenses on the consolidated statements of operations.  Alfred V. Tobia, Jr. and Clifford Press are related parties as each of them are Participants and members of the Company’s Board of Directors.  In addition, Sidus is a related party as Mr. Tobia is a Co-Founder and Managing Member at Sidus. 976000 QUARTERLY FINANCIAL DATA (unaudited)<div style="line-height:120%;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="33"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="31" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Quarter Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Mar. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Jun. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Sept. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Mar. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Jun. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Sept. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="31" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(Unaudited, in thousands, except share and per share information)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>62,093</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,485</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13,725</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,203</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>8,854</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>16,457</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>36,633</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Portfolio operations:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Inventor royalties</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>21,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,241</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,002</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>666</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,273</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Contingent legal fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>15,759</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,037</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,756</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>627</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,236</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>646</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Patent acquisition expenses</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Litigation and licensing expenses - patents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,989</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,639</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,549</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,689</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,386</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,134</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,073</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Amortization of patents</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,278</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,560</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,515</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,571</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,625</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,443</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Impairment of patent-related intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>28,210</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,248</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Other portfolio expenses</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,202</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>400</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Total portfolio operations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,822</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>38,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,833</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>36,407</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>17,214</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>24,119</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,928</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net revenue (loss)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(31,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,796</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,340</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,514</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">General and administrative expenses (including non-cash stock compensation expense)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,301</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,916</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,855</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,778</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>7,236</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>7,167</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,956</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(140</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Operating income (loss)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>8,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(38,836</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,963</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,924</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(442</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Total other income (expense)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(40,890</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,615</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(27,595</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(20,988</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>696</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>159,027</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(102,950</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Income (loss) before provision for income taxes</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(31,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,558</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(10,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(10,880</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(12,786</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,585</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,280</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(191</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(285</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(306</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(397</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(1,241</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(1,478</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(216</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(20</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) including noncontrolling interests</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,506</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,864</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,367</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(12,121</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(14,264</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,300</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net (income) loss attributable to noncontrolling interests in subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>73</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>79</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(331</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(2</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>291</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>96</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>97</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) attributable to Acacia Research Corporation</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,038</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,427</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(33,195</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,369</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(14,252</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,465</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,203</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) per common share attributable to Acacia Research Corporation:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Basic and diluted income (loss) per share</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.63</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.57</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.67</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.23</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.24</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.28</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3.13</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(2.18</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Weighted-average number of shares outstanding, basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,632,958</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,061,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,557,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,639,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,333,056</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,499,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,554,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,590,460</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Weighted-average number of shares outstanding, diluted </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,632,958</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,061,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,557,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,639,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,333,056</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,499,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,599,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,590,460</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="33"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:5%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="31" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Quarter Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Mar. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Jun. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Sept. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Mar. 31,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Jun. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Sept. 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="31" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(Unaudited, in thousands, except share and per share information)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>62,093</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,485</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13,725</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,203</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>8,854</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>16,457</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>36,633</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Portfolio operations:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Inventor royalties</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>21,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,241</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,002</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>666</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,273</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Contingent legal fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>15,759</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,037</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,756</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>627</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,236</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>646</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Patent acquisition expenses</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Litigation and licensing expenses - patents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,989</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,639</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,549</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,689</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,386</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,134</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,073</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Amortization of patents</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,278</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>4,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>11,560</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,515</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,571</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,625</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,443</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Impairment of patent-related intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>28,210</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,248</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Other portfolio expenses</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,202</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>400</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Total portfolio operations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,822</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>38,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,833</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>36,407</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>13,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>17,214</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>24,119</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,928</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net revenue (loss)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(31,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,796</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,340</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,514</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">General and administrative expenses (including non-cash stock compensation expense)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3,301</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,916</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>5,855</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>2,778</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>7,236</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>7,167</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12,956</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(140</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Operating income (loss)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>8,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(38,836</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,963</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,924</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(442</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(7,330</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Total other income (expense)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(40,890</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>10,615</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(27,595</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(20,988</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>696</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(4,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>159,027</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(102,950</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Income (loss) before provision for income taxes</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(31,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,558</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(10,970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(10,880</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(12,786</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,585</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,280</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(191</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(285</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(306</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(397</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(1,241</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(1,478</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(216</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(20</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) including noncontrolling interests</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,506</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,864</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,367</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(12,121</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(14,264</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,300</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net (income) loss attributable to noncontrolling interests in subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>73</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>79</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(331</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(2</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>291</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>96</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>97</span></span></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) attributable to Acacia Research Corporation</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(32,038</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(28,427</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(33,195</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,369</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(11,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(14,252</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>158,465</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(110,203</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Net income (loss) per common share attributable to Acacia Research Corporation:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Basic and diluted income (loss) per share</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.63</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.57</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.67</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.23</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.24</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(0.28</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>3.13</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>(2.18</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Weighted-average number of shares outstanding, basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,632,958</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,061,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,557,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,639,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,333,056</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,499,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,554,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,590,460</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Weighted-average number of shares outstanding, diluted </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,632,958</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,061,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,557,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>49,639,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,333,056</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,499,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:4px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,599,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:4px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>50,590,460</span></span></div></td><td style="vertical-align:bottom;border-bottom:4px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 62093000 6485000 13725000 49203000 8854000 16457000 36633000 3458000 21744000 1241000 1181000 11002000 666000 4273000 0 13000 15759000 1037000 2949000 11756000 627000 3236000 12173000 646000 4000000 0 0 0 0 0 0 0 2989000 2639000 1549000 1689000 6386000 4134000 4073000 3626000 5330000 5278000 4952000 11560000 5515000 5571000 5625000 5443000 0 28210000 0 0 0 0 2248000 0 0 0 2202000 400000 0 0 0 1200000 49822000 38405000 12833000 36407000 13194000 17214000 24119000 10928000 12271000 -31920000 892000 12796000 -4340000 -757000 12514000 -7470000 3301000 6916000 5855000 2778000 7236000 7167000 12956000 -140000 8970000 -38836000 -4963000 10018000 -11576000 -7924000 -442000 -7330000 -40890000 10615000 -27595000 -20988000 696000 -4862000 159027000 -102950000 -31920000 -28221000 -32558000 -10970000 -10880000 -12786000 158585000 -110280000 191000 285000 306000 397000 1241000 1478000 216000 20000 -32111000 -28506000 -32864000 -11367000 -12121000 -14264000 158369000 -110300000 -73000 -79000 331000 2000 -291000 -12000 -96000 -97000 -32038000 -28427000 -33195000 -11369000 -11830000 -14252000 158465000 -110203000 -0.63 -0.57 -0.67 -0.23 -0.24 -0.28 3.13 -2.18 50632958 50061812 49557748 49639172 50333056 50499948 50554234 50590460 50632958 50061812 49557748 49639172 50333056 50499948 50599974 50590460 XML 16 R1.htm IDEA: XBRL DOCUMENT v3.19.1
Document and Entity Information Document - USD ($)
 12 Months Ended
Dec. 31, 2018
Mar. 11, 2019
Jun. 30, 2018
Entity Information [Line Items]      
Entity Registrant Name ACACIA RESEARCH CORP    
Entity Central Index Key 0000934549    
Current Fiscal Year End Date --12-31    
Entity Filer Category Accelerated Filer    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Common Stock, Shares Outstanding   49,647,693  
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Public Float     $ 203,206,000
Entity Small Business true    
Entity Emerging Growth Company false    
Entity Shell Company false    
XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 128,809 $ 136,604
Debt Securities, Trading 33,642 0
Trading Securities, Equity 3,012 0
Accounts receivable 32,884 153
Prepaid expenses and other current assets 3,125 2,938
Total current assets 201,472 139,695
Investments at fair value 7,459 104,754
Equity Method Investments 8,195 2,195
Patents, net of accumulated amortization 6,587 61,917
Other assets 236 207
Total assets 223,949 308,768
Current liabilities:    
Accounts payable and accrued expenses 8,347 7,956
Royalties and contingent legal fees payable 22,688 1,601
Total current liabilities 31,035 9,557
Other liabilities 1,674 3,552
Total liabilities 32,709 13,109
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,639,319 shares issued and outstanding as of December 31, 2018 and 50,639,926 shares issued and outstanding as of December 31, 2017 50 51
Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of December 31, 2018 and 2017 (39,272) (34,640)
Additional paid-in capital 651,156 648,996
Accumulated comprehensive loss 0 (88)
Accumulated deficit (422,541) (320,018)
Total Acacia Research Corporation stockholders’ equity 189,393 294,301
Noncontrolling interests in operating subsidiaries 1,847 1,358
Total stockholders’ equity 191,240 295,659
Total liabilities and stockholders' equity $ 223,949 $ 308,768
XML 18 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets Parentheticals - $ / shares
Dec. 31, 2018
Dec. 31, 2017
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, par value per share $ 0.001 $ 0.001
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value per share $ 0.001 $ 0.001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 49,639,319 50,639,926
Common stock, shares outstanding 49,639,319 50,639,926
Treasury stock, shares 2,919,828 1,729,408
XML 19 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 131,506 $ 65,402
Portfolio operations:    
Inventor royalties 35,168 4,952
Contingent legal fees 31,501 16,682
Patent acquisition expenses 4,000 0
Litigation and licensing expenses - patents 8,866 18,219
Amortization of patents 27,120 22,154
General and administrative expenses (including non-cash stock compensation expense (credit) of ($317) in 2018 and $8,885 in 2017) 18,850 27,219
Impairment of Patent-Related Intangible Assets 28,210 2,248
Other 2,602 1,200
Total Portfolio Operations 137,467 65,455
Net loss (5,961) (53)
Operating loss (24,811) (27,272)
Gain on Conversion of Loan and Accrued Interest 0 2,671
Gain on exercise of Primary Warrant 0 4,616
Change in fair value of investment (59,103) 42,239
Realized Investment Gains (Losses) (19,095)  
Income (Loss) from Equity Method Investments 0 (220)
Interest income and other 969 1,605
Total other income (expense) (1,629) 1,000
Total other income (expense) (78,858) 51,911
Income (loss) from operations before provision for income taxes (103,669) 24,639
Provision for income taxes (1,179) (2,955)
Net income (loss) including noncontrolling interests in subsidiaries (104,848) 21,684
Net (income) loss attributable to noncontrolling interests in subsidiaries (181) 496
Net income (loss) attributable to Acacia Research Corporation (105,029) 22,180
Net Loss Available to Common Stockholders, Basic and Diluted $ (105,029) $ 22,147
Earnings Per Share, Basic and Diluted $ (2.10) $ 0.44
Weighted Average Number of Shares Outstanding, Basic 49,969,062 50,495,119
Weighted Average Number of Shares Outstanding, Diluted 49,969,062 50,692,012
Common Stock [Member]    
Portfolio operations:    
Change in fair value of investment $ (47,208) $ 33,922
Realized Investment Gains (Losses) $ (19,095) $ 0
XML 20 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations Parentheticals - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Non-cash stock compensation $ (317) $ 8,885
XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Statement of Comprehensive Income [Abstract]    
Net income (loss) including noncontrolling interests in operating subsidiaries $ (104,848) $ 21,684
Other comprehensive income (loss):    
Unrealized loss on short-term investments 0 (40)
Unrealized gain on foreign currency translation 88 58
Add: reclassification adjustment for losses included in net income 0 (30)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (104,760) 21,672
Net (income) loss attributable to noncontrolling interests in subsidiaries 181 (496)
Comprehensive income $ (104,941) $ 22,168
XML 22 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Deficit [Member]
Noncontrolling Interests [Member]
Balance at Dec. 31, 2016 $ 267,443 $ 50 $ (34,640) $ 642,453 $ (76) $ (342,198) $ 1,854
Common stock, shares outstanding at Dec. 31, 2016   50,476,042          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) attributable to Acacia Research Corporation 22,180         22,180  
Stock Repurchased During Period, Shares   (8,669)          
Stock options exercised, shares   207,863          
Proceeds from Stock Options Exercised 745 $ 1   744      
Stock options exercised, value 745            
Stock issued during period, shares, share-based compensation, net of forfeitures   (35,310)          
Non-cash stock compensation 8,885 $ 0          
General and administrative expenses excluding share-based compensation 5,844     5,844      
Net (income) loss attributable to noncontrolling interests in subsidiaries (496)           (496)
Foreign Currency Transaction Gain (Loss), Unrealized 28       28    
Unrealized Gain (Loss) on Investments (40)       (40)    
Payments for Repurchase of Common Stock 0            
Repurchase of restricted common stock (45)     45      
Balance at Dec. 31, 2017 $ 295,659 $ 51 (34,640) 648,996 (88) (320,018) 1,358
Common stock, shares outstanding at Dec. 31, 2017 50,639,926 50,639,926          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) attributable to Acacia Research Corporation $ (105,029)         (105,029)  
Treasury stock, shares acquired   (1,190,420)          
Stock Repurchased During Period, Shares 1,190,420 (59,800)          
Stock options exercised, shares 83,000 82,615          
Proceeds from Stock Options Exercised $ 257     257      
Stock options exercised, value 257            
Stock issued during period, shares, share-based compensation, net of forfeitures   166,998          
Non-cash stock compensation (317) $ 1          
General and administrative expenses excluding share-based compensation 2,133     2,132      
Net (income) loss attributable to noncontrolling interests in subsidiaries 181           181
Foreign Currency Transaction Gain (Loss), Unrealized 88       88    
Payments for Repurchase of Common Stock (4,634) 2 4,632        
Repurchase of restricted common stock (229)     229      
Balance at Dec. 31, 2018 $ 191,240 $ 50 $ (39,272) $ 651,156 $ 0 (422,541) 1,847
Common stock, shares outstanding at Dec. 31, 2018 49,639,319 49,639,319          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative Effect of New Accounting Principle in Period of Adoption $ 2,814         $ 2,506 $ 308
Treasury Stock, Common, Value $ (4,634)            
XML 23 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests in operating subsidiaries $ (104,848) $ 21,684
Adjustments to reconcile net income (loss) including noncontrolling interests in operating subsidiaries to net cash provided by (used in) operating activities:    
Gain on Conversion of Loan and Accrued Interest 0 (2,671)
Gain on exercise of Primary Warrant 0 (4,616)
Change in fair value of investment 59,103 (42,239)
Loss on Sale of Investments 19,095 0
Depreciation and amortization 27,145 22,243
Non-cash stock compensation (317) 8,885
Impairment of Patent-Related Intangible Assets 28,210 2,248
Other 564 (374)
Changes in assets and liabilities:    
Accounts receivable (28,189) 26,597
Prepaid expenses and other assets (208) (135)
Accounts payable and accrued expenses / costs 963 (6,349)
Royalties and contingent legal fees payable 19,359 (12,307)
Net cash provided by (used in) operating activities 20,877 12,966
Cash flows from investing activities:    
Payments to Acquire Other Investments (7,000) (31,514)
Proceeds from Sale of Other Assets, Investing Activities 19,097 0
Payments to Acquire Notes Receivable 0 (4,000)
Purchase of property and equipment (34) (2)
Purchase of available-for-sale investments (102,769) (448,388)
Sale of available-for-sale investments 66,640 467,790
Net cash provided by (used in) investing activities (24,066) (16,114)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 257 745
Repurchase of restricted common stock (229) (45)
Repurchases of common stock (4,634) 0
Net cash provided by (used in) financing activities (4,606) 700
Increase in cash and cash equivalents (7,795) (2,448)
Cash and cash equivalents, beginning 136,604 139,052
Cash and cash equivalents, ending $ 128,809 $ 136,604
XML 24 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Description of Business
 12 Months Ended
Dec. 31, 2018
DESCRIPTION OF BUSINESS [Abstract]  
Description of Business DESCRIPTION OF BUSINESS

Description of Business. As used herein, “Acacia” and the “Company” refer to Acacia Research Corporation and/or its wholly and majority-owned and controlled operating subsidiaries, and/or where applicable, its management.

Acacia’s operating subsidiaries invest in, license and enforce patented technologies. Acacia’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. In recent years, Acacia has also invested in technology companies. Acacia leverages its experience, expertise, data and relationships developed as a leader in the IP industry to pursue these opportunities. In some cases, these opportunities will complement, and/or supplement Acacia’s primary licensing and enforcement business.

Acacia’s operating subsidiaries generate revenues and related cash flows from the granting of IP rights for the use of patented technologies that its operating subsidiaries control or own. Acacia’s operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

Acacia’s operating subsidiaries are principals in the licensing and enforcement effort, obtaining control of the rights in the patent portfolio, or control of the patent portfolio outright. Acacia’s operating subsidiaries own or control the rights to multiple patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

Neither Acacia nor its operating subsidiaries invent new technologies or products; rather, Acacia depends upon the identification and investment in new patents, inventions and companies that own IP through its relationships with inventors, universities, research institutions, technology companies and others. If Acacia’s operating subsidiaries are unable to maintain those relationships and identify and grow new relationships, then they may not be able to identify new technology-based opportunities for sustainable revenue and/or revenue growth.    

During fiscal year 2018, Acacia did not obtain control of any new patent portfolios. During fiscal year 2017 Acacia obtained control of one new patent portfolio. In fiscal year 2016, Acacia obtained control of two new patent portfolios.

Acacia was incorporated on January 25, 1993 under the laws of the State of California. In December 1999, Acacia changed its state of incorporation from California to Delaware.
XML 25 R10.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Principles.  The consolidated financial statements and accompanying notes are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP").

Principles of Consolidation.  The accompanying consolidated financial statements include the accounts of Acacia and its wholly and majority-owned and controlled subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation.
 
Noncontrolling interests in Acacia’s majority-owned and controlled operating subsidiaries (“noncontrolling interests”) are separately presented as a component of stockholders’ equity. Consolidated net income or (loss) is adjusted to include the net (income) or loss attributed to noncontrolling interests in the consolidated statements of operations. Refer to the accompanying consolidated statements of stockholders’ equity for total noncontrolling interests.

A wholly owned subsidiary of Acacia is the general partner of the Acacia Intellectual Property Fund, L.P. (the “Acacia IP Fund”), which was formed in August 2010. The Acacia IP Fund is included in the Company’s consolidated financial statements since 2010, as Acacia’s wholly owned subsidiary, as the general partner, has the ability to control the operations and activities of the Acacia IP Fund. The Acacia IP Fund was terminated as of December 31, 2017 and is in the process of being liquidated.

Revenue Recognition.  Revenue is recognized upon transfer of control of promised bundled IP rights (hereinafter “IP
Rights”) and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to
receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue
recognition criteria have been met.

For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, that provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales") . IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract.

Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.
 
For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available.

Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.
 
In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.








Revenues were comprised of the following for the periods presented (in thousands):
 
2018
 
2017
Paid-up Revenue Agreements
$
100,496

 
$
59,020

Recurring Revenue Agreements
13,040

 
6,382

Other Settlements
3,470

 
—

Sales
14,500

 
—

 
$
131,506

 
$
65,402



Refer to “Inventor Royalties and Contingent Legal Expenses” below for information on related direct costs of revenues.

Portfolio Operations.  Cost of revenues include the costs and expenses incurred in connection with Acacia’s patent licensing and enforcement activities, including inventor royalties paid to original patent owners, contingent legal fees paid to external patent counsel, other patent-related legal expenses paid to external patent counsel, licensing and enforcement related research, consulting and other expenses paid to third-parties and the amortization of patent-related investment costs. These costs are included under the caption “Portfolio operations” in the accompanying consolidated statements of operations.  

Inventor Royalties and Contingent Legal Expenses. Inventor royalties are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In certain instances, pursuant to the terms of the underlying inventor agreements, upfront advances paid to patent owners by Acacia’s operating subsidiaries are recoverable from future net revenues. Patent costs that are recoverable from future net revenues are amortized over the estimated economic useful life of the related patents, or as the prepaid royalties are earned by the inventor, as appropriate, and the related expense is included in amortization expense in the consolidated statements of operations. Any unamortized upfront advances recovered from net revenues are expensed in the period recovered, and included in amortization expense in the consolidated statements of operations. Cost of revenues for fiscal year 2018 included $4.0 million of costs to acquire certain patent rights related to revenues recognized in the period.  

Contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal fees are paid; however, Acacia’s operating subsidiaries may be liable for certain out of pocket legal costs incurred pursuant to the underlying legal services agreement.

Fair Value Measurements. U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value is defined as follows:

(i)
Level 1 - Observable Inputs:  Quoted prices in active markets for identical investments;
(ii)
Level 2 - Pricing Models with Significant Observable Inputs:  Other significant observable inputs, including quoted prices for similar investments, interest rates, credit risk, etc.; and
(iii)
Level 3 - Unobservable Inputs:  Significant unobservable inputs, including the entity’s own assumptions in determining the fair value of investments.

Whenever possible, the Company is required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
Assets as of December 31, 2018:
 
 
 
 
 
Trading securities - debt
$
—

 
$
33,642

 
$
—

Trading securities - equity
3,012

 
—

 
—

Investment at fair value - warrants (Note 6)
—

 
2,064

 
—

Investment at fair value - common stock (Note 6)
5,395

 
—

 
—

Total recurring fair value measurements as of December 31, 2018
$
8,407

 
$
35,706

 
$
—

 
 
 
 
 
 
Assets as of December 31, 2017:
 
 
 
 
 
Investments at fair value (Note 6)
$
—

 
$
—

 
$
104,754

 
 
 
 
 
 
Liabilities as of December 31, 2018:
 
 
 
 
 
Profits interest units
$
—

 
$
591

 
$
—

Liabilities as of December 31, 2017:
 
 
 
 
 
Profits interest units
$
—

 
$
—

 
$
3,041

 
 
 
 
 
 


A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended December 31, 2018 is as follows (in thousands):
 
Investment at Fair Value
 
Other Liabilities
 
Common Stock
 
Warrants
 
Total
 
Profits Interest Units
Opening balance as of January 1, 2018
$
90,795

 
$
13,959

 
$
104,754

 
$
3,041

Total gains and losses included in earnings for the period(1)
 
 
 
 
 
 
 
Non-cash stock compensation expense - Profits Interests
—

 
—

 
—

 
(2,450
)
Change in fair value of investment, net
(47,208
)
 
(11,895
)
 
(59,103
)
 
—

Realized loss on sale
(19,095
)
 
—

 
(19,095
)
 
—

Purchases, issues, sales and settlements
(19,097
)
 
—

 
(19,097
)
 
—

Transfers to Level 1 and Level 2
(5,395
)
 
(2,064
)
 
(7,459
)
 
(591
)
Total recurring fair value measurements(1)
$
—

 
$
—

 
$
—

 
$
—


____________________
(1) All gains and losses included in earnings for the period presented relate to assets and liabilities held as of December 31, 2018 and December 31, 2017.
(2) Refer to Note 6 for information regarding purchases, issues, sales and settlements activity for the years ended December 31, 2018 and 2017.

Cash and Cash Equivalents.  Acacia considers all highly liquid, short-term investments with original maturities of three months or less when purchased to be cash equivalents. For the periods presented, Acacia’s cash equivalents are comprised of investments in AAA rated money market funds that invest in first-tier only securities, which primarily includes: domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements. Acacia’s cash equivalents are measured at fair value using quoted prices that represent Level 1 inputs.
 
Trading Securities- Debt.  Investments in debt securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses recorded in the statements of operations in other income (expense). Realized and unrealized gains and losses are recorded based on the specific identification method. Interest is included in other income (expense).

Trading Securities - Equity. Investments in equity securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses in the value of such securities recorded in the statements of operations in other income (expense). Dividend income is included in other income (expense).

Impairment of Short-term Investments. Acacia evaluates its investments in marketable securities for potential impairment, employing a methodology on a quarterly basis that considers available quantitative and qualitative evidence. If the cost or carrying value of an investment exceeds its estimated fair value, the Company evaluates, among other factors, general market conditions, credit quality of instrument issuers, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold, or plans or ability to sell. Fair value is estimated based on publicly available market
information or other estimates determined by management. Investments are considered to be impaired when a decline in fair value is estimated to be other-than-temporary. Acacia reviews impairments associated with its investments in marketable securities and determines the classification of any impairment as temporary or other-than-temporary. An impairment is deemed other-than-temporary unless (a) Acacia has the ability and intent to hold an investment for a period of time sufficient for recovery of its carrying amount and (b) positive evidence indicating that the investment’s carrying amount is recoverable within a reasonable period of time outweighs any evidence to the contrary. All available evidence, both positive and negative, is considered to determine whether, based on the weight of such evidence, the carrying amount of the investment is recoverable within a reasonable period of time. For investments classified as available-for-sale, unrealized losses that are other-than-temporary are recognized in the consolidated statements of operations.  

Concentration of Credit Risks.  Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. Acacia places its cash equivalents and short-term investments primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. Acacia has not experienced any significant losses on its deposits of cash and cash equivalents.

Three licensees individually accounted for 45%, 17% and 17%, respectively, of revenues recognized during the year ended December 31, 2018. Three licensees individually accounted for 54%, 21% and 10%, respectively, of revenues recognized during the year ended December 31, 2017. Four licensees individually represented approximately 38%, 36%, 12% and 11%, respectively, of accounts receivable at December 31, 2018. One licensee individually represented 100% of accounts receivable at December 31, 2017.

For 2018 and 2017, 26% and 39%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions, based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable revenue arrangement. The Company does not have any material foreign operations.

Acacia performs credit evaluations of its licensees with significant receivable balances, if any, and has not experienced any significant credit losses. Accounts receivable are recorded at the executed contract amount and generally do not bear interest. Collateral is not required. An allowance for doubtful accounts may be established to reflect the Company’s best estimate of probable losses inherent in the accounts receivable balance, and is reflected as a contra-asset account on the balance sheet and a charge to operating expenses in the statements of operations for the applicable period. The allowance is determined based on known troubled accounts, historical experience, and other currently available evidence. There was no allowance for doubtful accounts established for the periods presented.

Fair Value of Financial Instruments.  The carrying value of cash and cash equivalents, accounts receivables, and current liabilities approximates their fair values due to their short-term maturities.
 
Property and Equipment.  Property and equipment are recorded at cost. Major additions and improvements that materially extend useful lives of property and equipment are capitalized. Maintenance and repairs are charged against the results of operations as incurred. When these assets are sold or otherwise disposed of, the asset and related depreciation are relieved, and any gain or loss is included in the consolidated statements of operations for the period of sale or disposal. Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:
Furniture and fixtures
3 to 5 years
Computer hardware and software
3 to 5 years
Leasehold improvements
2 to 5 years (Lesser of lease term or useful life of improvement)

 
Rental payments on operating leases are charged to expense in the consolidated statements of operations on a straight-line basis over the lease term.

Patents.  Patents include the cost of patents or patent rights (hereinafter, collectively “patents”) acquired from third-parties or obtained in connection with business combinations. Patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from one to five years.

Investments at Fair Value. On an individual investment basis, Acacia may elect to account for investments in companies where the Company has the ability to exercise significant influence over operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the
equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants).

Other Investments. Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which the Company has the ability to exercise significant influence, are accounted for using the equity method of accounting. Acacia includes its proportionate share of earnings and/or losses of its equity method investees in equity in earnings (losses) of investee in the condensed consolidated statements of operations.

Investments in preferred stock with substantive liquidation preferences are accounted for at cost, (subject to impairment considerations, as described below, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, is not substantially similar to common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses, if any.

The initial determination of whether an investment is substantially similar to common stock is made on the initial date of investment if the Company has the ability to exercise significant influence over the operating and financial policies of the investee. That determination is reconsidered if (i) contractual terms of the investment are changed, (ii) there is a significant change in the capital structure of the investee, including the investee's receipt of additional subordinated financing, or (iii) the Company obtains an additional interest in an investment, resulting in the method of accounting for the cumulative interest being based on the characteristics of the investment at the date at which the Company obtains the additional interest. Refer to Note 5 for additional information.

Impairment of Investments. Acacia reviews its investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, Acacia considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, Acacia evaluates, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. Acacia also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded in the consolidated statements of operations and a new cost basis in the investment is established.

Impairment of Long-lived Assets. Acacia reviews long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Refer to Note 5 for additional information.

Fair value is generally estimated using the “Income Approach,” focusing on the estimated future net income-producing capability of the patent portfolios over the estimated remaining economic useful life. Estimates of future after-tax cash flows are converted to present value through “discounting,” including an estimated rate of return that accounts for both the time value of money and investment risk factors. Estimated cash inflows are typically based on estimates of reasonable royalty rates for the applicable technology, applied to estimated market data. Estimated cash outflows are based on existing contractual obligations, such as contingent legal fee and inventor royalty obligations, applied to estimated license fee revenues, in addition to other estimates of out-of-pocket expenses associated with a specific patent portfolio’s licensing and enforcement program. The analysis also contemplates consideration of current information about the patent portfolio including, status and stage of litigation, periodic results of the litigation process, strength of the patent portfolio, technology coverage and other pertinent information that could impact future net cash flows.

Contingent Liabilities. The Company, from time to time, is involved in certain legal proceedings. Based upon consultation with outside counsel handling its defense in these matters and the Company’s analysis of potential outcomes, if the
Company determines that a loss arising from such matters is probable and can be reasonably estimated, an estimate of the contingent liability is recorded in its consolidated financial statements. If only a range of estimated loss can be determined, an amount within the range that, based on estimates, assumptions and judgments, reflects the most likely outcome, is recorded as a contingent liability in the consolidated financial statements. In situations where none of the estimates within the estimated range is a better estimate of probable loss than any other amount, the Company records the low end of the range. Any such accrual would be charged to expense in the appropriate period. Litigation expenses for these types of contingencies are recognized in the period in which the litigation services were provided.
Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by Acacia or its operating subsidiaries, could materially harm the Company’s operating results and financial position.
Stock-Based Compensation. The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two to four years. The fair value of restricted stock and restricted stock unit awards is determined by the product of the number of shares or units granted and the grant date market price of the underlying common stock. The fair value of each option award is estimated on the date of grant using a Black-Scholes option-pricing model. Stock-based compensation expense for awards with service and/or performance conditions that affect vesting is recorded only for those awards expected to vest using an estimated forfeiture rate.

The Financial Accounting Standards Board (“FASB”) issued a new standard, effective January 1, 2017, that allows entities to make a policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. Effective January 1, 2017, the Company elected to account for forfeitures of awards as they occur. The prior standard required the Company to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest.

The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:
 
For the Years Ended
 
December 31, 2018
 
December 31, 2017
 
 
 
 
Risk-free interest rate
2.26%
 
1.77%
Term
4.37
 
4.37
Volatility
51%
 
51%
Dividend yield
—%
 
—%


Due to a lack of sufficient historical stock option exercise experience, the Company utilized the simplified method for estimating the expected term for stock options granted during the periods presented.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the option. The risk-free interest rate is based on the U.S. treasury yield curve on the grant date for the expected term of the option.

Restricted stock awards and stock option awards with performance-based vesting conditions generally vest based upon the Company achieving specified cash flow performance targets over a one and two-year period from the date of grant.
 
Performance-based stock options awards with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique. Assumptions utilized in connection with the Monte Carlo valuation technique included: estimated risk-free interest rate; expected volatility; and expected dividend yield. The risk-free interest rate was determined based on the yields available on U.S. Treasury zero-coupon
issues. The expected stock price volatility was determined using historical volatility. The expected dividend yield was based on expectations regarding dividend payments.

Profits Interest Units (“Units”) are accounted for in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation - Stock Compensation.” The Units vest as described at Note 9, and therefore, the vesting conditions do not meet the definition of service, market or performance conditions, as defined in ASC 718. As such, the Units are classified as liability awards. Liability classified awards are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense is adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered. Initially, compensation expense was recognized on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which was five years. Upon full vesting of the award, which occurred during the three months ended September 30, 2017, previously unrecognized compensation expense was immediately recognized in the period, and will continue to be fully recognized for any changes in fair value, until the Units are settled. The Company has a purchase option to purchase the vested Units that are not otherwise forfeited after termination of continuous service. The exercise price of the purchase option is the fair market value of the Units on the date of termination of continuous service. At each reporting date, the value of the Units that are subject to the purchase option will be the measured at the fair value on the termination date. Non-cash stock compensation expense related to the Units is reflected in general and administrative expense in the accompanying consolidated statements of operations.

Income Taxes.  Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in Acacia’s consolidated financial statements or consolidated income tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more than likely not be realized, or if it is determined that there is uncertainty regarding future realization of such assets.

Under U.S. generally accepted accounting principles, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Tax positions that meet the more likely than not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement.
 
Segment Reporting.  Acacia uses the management approach, which designates the internal organization that is used by management for making operating decisions and assessing performance as the basis of Acacia’s reportable segments. Acacia’s patent licensing and enforcement business constitutes its single reportable segment.

Use of Estimates.  The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, the valuation of the loan and equity instruments discussed at Note 6, stock-based compensation expense including the valuation of profits interests, impairment of patent-related intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.

Income (Loss) Per Share.  The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.”
  
In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.

The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:
 
 
2018
 
2017
Numerator (in thousands):
 
 
 
 
Basic and Diluted
 
 
 
 
Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

Undistributed earnings allocated to participating securities
 
—

 
(33
)
Net income (loss) attributable to common stockholders – basic and diluted
 
$
(105,029
)
 
$
22,147

 
 
 
 
 
Denominator:
 
 
 
 
Weighted-average shares used in computing net loss per share attributable to common stockholders – basic
 
49,969,062

 
50,495,119

Effect of potentially dilutive securities:
 
 
 
 
Common stock options and restricted stock units
 
—

 
196,893

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted
 
49,969,062

 
50,692,012

Basic and diluted net loss per common share
 
$
(2.10
)
 
$
0.44

Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share
 
3,129,719

 
4,425,187


    
Treasury Stock. Repurchases of the Company’s outstanding common stock are accounted for using the cost method. The applicable par value is deducted from the appropriate capital stock account on the formal or constructive retirement of treasury stock. Any excess of the cost of treasury stock over its par value is charged to additional paid-in capital, and reflected as Treasury Stock on the consolidated balance sheets.
XML 26 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Short-term Investments
 12 Months Ended
Dec. 31, 2018
Short-term Investments [Abstract]  
Short-Term Investments

Short-term investments for the periods presented were comprised of the following (in thousands):
 
December 31, 2018
Security Type
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
Trading securities - debt
$
33,643

 
$
18

 
$
(19
)
 
$
33,642

Trading securities - equity
3,389

 
27

 
(404
)
 
3,012

 
$
37,032

 
$
45

 
$
(423
)
 
$
36,654



Short-term investments as of December 31, 2018 were comprised of investments in corporate bonds (debt securities) and investments in equity securities of publicly held companies (equity). For the years ended December 31, 2018 and 2017, proceeds from the sale of debt securities were $65,144,000 and$467,790,000, respectively. For the year ended December 31, 2018, proceeds from the sale of equity securities was $1,496,000. There were no short-term investments as of December 31, 2017.
XML 27 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable and Accrued Expenses / Costs ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Payroll and other employee benefits
 
$
205

 
$
465

Accrued vacation
 
144

 
294

Accrued legal expenses - patent
 
5,974

 
5,479

Foreign taxes payable
 
374

 
15

Accrued consulting and other professional fees
 
1,241

 
1,364

Other accrued liabilities
 
409

 
339

 
 
$
8,347

 
$
7,956
XML 28 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Patents
 12 Months Ended
Dec. 31, 2018
Patents [Abstract]  
Patents
 
Acacia’s only identifiable intangible assets are patents and patent rights, with estimated remaining economic useful lives ranging from one to five years. For all periods presented, all of Acacia’s identifiable intangible assets were subject to amortization. The gross carrying amounts and accumulated amortization related to investments in intangible assets as of December 31, 2018 and 2017 are as follows (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Gross carrying amount - patents                                                        
 
$
326,167

 
$
444,137

Accumulated amortization - patents(1)                                                                         
 
(319,580
)
 
(382,220
)
Patents, net                                                                             
 
$
6,587

 
$
61,917


 (1) Includes patent impairment charges for the applicable periods.

The weighted-average remaining estimated economic useful life of Acacia’s patents and patent rights is 4 years. Scheduled annual aggregate amortization expense is estimated to be $2,559,000 in fiscal year 2019, $1,671,000 in 2020, $811,000 in 2021, $811,000 in 2022 and $735,000 in 2023.
 
Acacia recorded impairment of patent-related intangible asset charges totaling $28,210,000 and $2,248,000 for the years ended December 31, 2018 and 2017, respectively. The impairment charges related to impairments of patent portfolios due to a reduction in expected estimated future net cash flows and certain patent portfolios that management determined it would no longer allocate future resources to in connection with the licensing and enforcement of such portfolios, due primarily to adverse litigation outcomes, potential prior art related complexities and/or the overall determination that future resources would be allocated to other licensing and enforcement programs with higher potential return profiles. The impairment charges for the periods presented consisted of the excess of the asset’s carrying value over its estimated fair value.

For the year ended December 31, 2018, pursuant to the terms of the respective inventor agreements, certain Acacia operating subsidiaries elected to terminate or sell their rights to patent portfolios, resulting in the acceleration of amortization expense for the patent-related assets totaling $8,307,000. For the year ended December 31, 2017, there were no terminations or sales of patent portfolios.

For the years ended December 31, 2018 and 2017, capitalized patent costs, accumulated amortization and impairment charges, and sales proceeds related to patent-related sales and disposals are as follows (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Capitalized patent costs
 
$
117,970

 
$
—

Accumulated amortization / impairment charges
 
109,663

 
—

Sales proceeds
 
14,500

 
—
XML 29 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Investments (Notes)
 12 Months Ended
Dec. 31, 2018
Investments, All Other Investments [Abstract]  
Investments and Other Noncurrent Assets [Text Block] INVESTMENTS

Investment at Fair Value
Veritone Investment Agreement. On August 15, 2016, Acacia entered into an Investment Agreement with Veritone, Inc. (“Veritone”) pursuant to which Acacia funded in aggregate $20 million of loans to Veritone which were converted into 1,523,746 shares of Veritone’s common stock upon the public offering of Veritone common stock on May 17, 2017 (“IPO”), based on a conversion price of $13.61 per share. Veritone also issued Acacia a total of 154,312 warrants to purchase shares of Veritone’s common stock at an exercise price of $13.61 per share expiring in 2020.
In addition, in August 2016, Veritone issued Acacia a five-year warrant to purchase up to $50 million worth of shares of Veritone’s common stock at an exercise price of $13.61 per share subject to certain adjustments. Upon the consummation of Veritone’s IPO, Acacia exercised its option to purchase an additional 2,150,335 shares of Veritone common stock, at an aggregate purchase price of $29.3 million. Acacia then received an additional warrant that provides for the issuance of an additional 809,400 shares of Veritone common stock at an exercise price of $13.61 per share expiring in 2022.
Veritone Bridge Loan. On March 14, 2017, Acacia entered into an additional secured convertible promissory note with Veritone pursuant to which Acacia funded $4.0 million which was converted into 445,440 shares of Veritone’s common stock at a conversion price of $13.61 per share in the IPO. Acacia also received a 10-year warrant to purchase up to 156,720 shares of Veritone common stock at an exercise price of $13.61 per share expiring in 2027.
As a result of the foregoing transactions, Acacia received an aggregate total of 4,119,521 of Veritone shares and 1,120,432 of warrants in Veritone. On October 5, 2018, a registration statement on Form S-3 registering all of Acacia’s shares of Veritone common stock was declared effective by the SEC. During the year ended December 31, 2018, Acacia sold 2,700,000 shares Veritone common stock at prices ranging from $4.95 to $10.44 and recorded a realized loss of $19.1 million.
At December 31, 2018, the fair value of the 1,419,521 shares of Veritone common stock owned by Acacia totaled $5,395,000. At December 31, 2018, the fair value of the 1,120,432 common stock purchase warrants held by Acacia totaled $2,064,000. The Veritone common shares were subject to a lock-up agreement that expired on August 15, 2018, subsequent to which the fair value of the common stock (Level 1) and fair value of the common stock purchase warrants (Level 2) excluded a DLOM.
Changes in the fair value of Acacia’s investment in Veritone are recorded as unrealized gains or losses in the consolidated statements of operations. For the period from the IPO on May 17, 2017 to December 31, 2017 and for the year ended December 31, 2018, the accompanying consolidated statements of operations reflected the following (in thousands):
 
 
2018
 
2017
Gain on conversion of loans and accrued interest(1)
 
$
—

 
$
2,671

Gain on exercise of warrant(2)
 
—

 
4,616

Change in fair value of investment, warrants
 
(11,895
)
 
8,317

Change in fair value of investment, common stock
 
(47,208
)
 
33,922

Loss on sale of investment, common stock
 
(19,095
)
 
—

Net realized and unrealized gain (loss) on investment at fair value
 
$
(78,198
)
 
$
49,526

__________________________
(1) Pre-conversion difference between carrying value of Loan and accrued interest and the estimated fair value of common stock discounted for lack of marketability.
(2) Pre-conversion difference between carrying value of Primary Warrant and the estimated fair value of common stock and 10% Warrant discounted for lack of marketability.

Miso Robotics Investment
    
In June 2017, Acacia made an investment in the Series A Preferred financing round for Miso Robotics, Inc. (“Miso Robotics”), an innovative leader in robotics and artificial intelligence solutions, totaling $2,250,000, acquiring a 22.6% ownership interest in Series A preferred stock of Miso Robotics, and one board seat. In February 2018, Acacia made an additional equity investment in the Series B Preferred financing round for Miso Robotics totaling $6,000,000, increasing its ownership interest (Series B preferred stock) in Miso Robotics to approximately 30%, and acquiring an additional board seat.

As of February 2018, the preferred stock was not deemed to be in-substance common stock due to the substantive liquidation preference associated with the preferred stock. As such, as of February 2018, the cumulative investment in Miso Robotics is recorded at cost and assessed for any impairment at each balance sheet date. Prior to February 2018, the equity method of accounting was applied.
XML 30 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity
 12 Months Ended
Dec. 31, 2018
Stockholders' Equity Note [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
    
Repurchases of Common Stock. In February 2018, Acacia’s Board of Directors authorized the repurchase of up to $20,000,000 of the Company’s outstanding common stock in open market purchases or private purchases, from time to time, in amounts and at prices to be determined by the Board of Directors at its discretion (the “Stock Repurchase Program”). In determining whether or not to repurchase any shares of Acacia’s common stock, Acacia’s Board of Directors consider such factors as the impact of the repurchase on Acacia’s cash position, as well as Acacia’s capital needs and whether there is a better alternative use of Acacia’s capital. Acacia has no obligation to repurchase any amount of its common stock under the Stock Repurchase Program. Repurchases to date were made in the open market in compliance with applicable SEC rules. The authorization to repurchase shares presented an opportunity to reduce the outstanding share count and enhance stockholder value. The repurchased shares are expected to be retired. Monthly stock repurchases for the periods presented, all of which were purchased as part of a publicly announced plan or program, were as follows:
 
Total Number of Shares Purchased
Average Price paid per Share
Approximate Dollar Value of
Shares that May Yet be
Purchased under the Program
Plan Expiration
 
 
 
 
 
May 1, 2018- May 30, 2018
1,190,420

$
3.89

$
15,366,000

February 28, 2019
Totals for 2018
1,190,420

$
3.89

 
 


Tax Benefits Preservation Plan. On March 15, 2016, Acacia’s Board of Directors announced that it unanimously approved the adoption of a Tax Benefits Preservation Plan (the “Plan”). The purpose of the Plan is to protect the Company’s ability to utilize potential tax assets, such as net operating loss carryforwards (“NOLs”) and tax credits to offset potential future taxable income.

The Plan is designed to reduce the likelihood that the Company will experience an ownership change by discouraging any (i) person or group from acquiring beneficial ownership of 4.9% or more of the Company’s outstanding common stock and (ii) any existing shareholders who, as of the time of the first public announcement of the adoption of the Plan, beneficially own more than 4.9% of the Company’s then-outstanding shares of the Company’s common stock from acquiring additional shares of the Company’s common stock (subject to certain exceptions). There is no guarantee, however, that the Plan will prevent the Company from experiencing an ownership change.
    
In connection with the adoption of the Plan, Acacia’s Board of Directors authorized and declared a dividend distribution of one right for each outstanding share of the Company’s common stock to shareholders of record at the close of business on March 16, 2016. On or after the distribution date, each right would initially entitle the holder to purchase one one-thousandth of a share of the Company’s Series A Junior Participating Preferred Stock, $0.001 par value for a purchase price of $15.00.
XML 31 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
 
Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Current:
 
 
 
 
Federal
 
$
—

 
$
—

State                                                    
 
87

 
90

Foreign
 
1,092

 
2,865

Total current
 
1,179

 
2,955

Deferred:
 
 
 
 
Federal
 
—

 
—

State                                             
 
—

 
—

Total deferred
 
—

 
—

Provision for income taxes
 
$
1,179

 
$
2,955



The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Deferred tax assets:
 
 
 
 
Net operating loss and capital loss carryforwards and credits
 
$
104,862

 
$
90,871

Unrealized loss on investments held at fair value
 
2,455

 
—

Stock compensation
 
1,365

 
2,635

Fixed assets and intangibles
 
3,330

 
6,197

Basis of investments in affiliates
 
286

 
984

Accrued liabilities and other
 
208

 
167

State taxes
 
26

 
35

Total deferred tax assets
 
112,532

 
100,889

Valuation allowance
 
(112,532
)
 
(90,278
)
Total deferred tax assets, net of valuation allowance
 
—

 
10,611

Deferred tax liabilities:
 
 
 
 
Unrealized gain on investments held at fair value
 
—

 
(10,587
)
Other
 
(18
)
 
(24
)
Total deferred tax liabilities
 
(18
)
 
(10,611
)
Net deferred tax assets (liabilities)
 
$
(18
)
 
$
—
















A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows:
 
 
2018
 
2017
 
 
 
 
 
Statutory federal tax rate - (benefit) expense
 
21
 %
 
35
 %
State income and foreign taxes, net of federal tax effect
 
(1
)%
 
8
 %
Foreign tax credit
 
—
 %
 
—
 %
Noncontrolling interests in operating subsidiaries
 
—
 %
 
1
 %
Nondeductible permanent items
 
(1
)%
 
3
 %
Change in tax rate
 
—
 %
 
102
 %
Valuation allowance
 
(20
)%
 
(137
)%
 
 
(1
)%
 
12
 %


For the periods presented, the Company recorded full valuation allowances against its net deferred tax assets due to uncertainty regarding future realization pursuant to guidance set forth in ASC 740, “Income Taxes.” In future periods, if the Company determines it will more likely than not be able to realize certain of these amounts, the applicable portion of the benefit from the release of the valuation allowance will generally be recognized in the statements of operations in the period the determination is made.

At December 31, 2018, Acacia had U.S. federal and state income tax net operating loss carryforwards (“NOLs”) totaling approximately $222,861,000 and $19,471,000, expiring between 2026 and 2038, and 2028 and 2038, respectively. Capital loss carryovers totaled $19,952,000 at December 31, 2018, expiring between 2019 and 2023.

As of December 31, 2018, Acacia had approximately $51,508,000 of foreign tax credits, expiring between 2020 and 2026. In general, foreign taxes withheld may be claimed as a deduction on future U.S. corporate income tax returns, or as a credit against future U.S. income tax liabilities, subject to certain limitations.
  
Tax expense for the periods presented primarily reflects foreign taxes withheld on revenue agreements executed with licensees in foreign jurisdictions and other state taxes. Excluding the impact of the change in valuation allowance and the impact of the federal tax rate change under the change in tax law described below, annual effective tax rates were 19% and 47% for fiscal years 2018 and 2017, respectively. Results for fiscal year 2018 included an unrealized loss on Acacia’s investment in Veritone which created a deferred tax asset totaling approximately $2,455,000. Results for fiscal year 2017 included an unrealized gain on Acacia’s investment in Veritone which created a deferred tax liability totaling approximately $10,587,000. The 2017 deferred tax liability was reversed in fiscal year 2018 as a result of the 2018 unrealized loss on Acacia’s investment in Veritone and the realized loss on the sale of Veritone common stock. The effective tax rate reflects both the recognition of the deferred tax liability and the reversal of the valuation allowance.

Effective January 1, 2017, the Company adopted a new standard that requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. The adoption of this standard resulted in the Company recognizing gross federal and state deferred tax assets of $21,350,000 and $1,559,000, respectively, for the year ended December 31, 2017 related to the impact of share-based payments to employees in prior periods. These deferred tax assets are fully offset by a valuation allowance and were impacted by the change in tax rate described below.

Acacia is subject to taxation in the U.S. and in various state jurisdictions and incurs foreign tax withholdings on revenue agreements with licensees in certain foreign jurisdictions. With no material exceptions, Acacia is no longer subject to U.S. federal or state examinations by tax authorities for years before 2011. The California Franchise Tax Board is auditing the 2011 through 2016 California combined income tax returns. The California Franchise Tax Board has proposed adjustments for 2011 and 2012 that, if expensed, would not be material to the consolidated statements of operations for the periods presented. We have protested these adjustments.
 
At December 31, 2018 and 2017, the Company had total unrecognized tax benefits of approximately $808,000. No interest and penalties have been recorded for the unrecognized tax benefits for the periods presented. At December 31, 2017, if recognized, approximately $808,000 of tax benefits, net of valuation allowance, would impact the Company’s effective tax rate. The Company does not expect that the liability for unrecognized tax benefits will change significantly within the next 12 months.

Acacia recognizes interest and penalties with respect to unrecognized tax benefits in income tax expense. Acacia has identified no uncertain tax position for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within 12 months.

On December 22, 2017, new U.S. tax legislation was enacted that has significantly changed the U.S. federal income taxation of U.S. corporations, including by reducing the U.S. corporate income tax rate to 21%, revising the rules governing net operating losses and foreign tax credits, and introducing new anti-base erosion provisions. For the year ended December 31, 2017, we reflected a write-down of our deferred income tax assets (including the value of our net operating loss carryforwards and our tax credit carryforwards) due the reduction of the U.S. corporate income tax rate and recorded a reduction of approximately $25,261,000 related to the revaluation of our deferred tax assets. This amount was not adjusted during the year ended December 31, 2018. Given the full valuation allowance provided for net deferred tax assets as of December 31, 2018 and 2017, the change in tax law did not have a material impact on our consolidated financial statements.
XML 32 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans
 12 Months Ended
Dec. 31, 2018
Share-based Compensation [Abstract]  
Stock-based Incentive Plans EQUITY-BASED INCENTIVE PLANS

Stock-Based Incentive Plans

The 2013 Acacia Research Corporation Stock Incentive Plan (“2013 Plan”) and the 2016 Acacia Research Corporation Stock Incentive Plan (“2016 Plan”) (collectively, the “Plans”) were approved by the stockholders of Acacia in May 2013 and June 2016, respectively. All Plans allow grants of stock options, stock awards and performance shares with respect to Acacia common stock to eligible individuals, which generally includes directors, officers, employees and consultants. Except as noted below, the terms and provisions of the Plans are identical in all material respects.

Acacia’s compensation committee administers the discretionary option grant and stock issuance programs. The compensation committee determines which eligible individuals are to receive option grants or stock issuances under those programs, the time or times when the grants or issuances are to be made, the number of shares subject to each grant or issuance, the status of any granted option as either an incentive stock option or a non-statutory stock option under the federal tax laws, the vesting schedule to be in effect for the option grant or stock issuance and the maximum term for which any granted option is to remain outstanding. The exercise price of options is generally equal to the fair market value of Acacia’s common stock on the date of grant. Options generally begin to be exercisable six months to one year after grant and generally expire seven to ten years after grant. Stock options with time-based vesting generally vest over two to three years and restricted shares with time based vesting generally vest in full after two to three years (generally representing the requisite service period). The Plans terminate no later than the tenth anniversary of the approval of the incentive plans by Acacia’s stockholders.
 
The Plans provide for the following separate programs:
 
•
Discretionary Option Grant Program. Under the discretionary option grant program, Acacia’s compensation committee may grant (1) non-statutory options to purchase shares of common stock to eligible individuals in the employ or service of Acacia or its subsidiaries (including employees, non-employee board members and consultants) at an exercise price not less than 85% of the fair market value of those shares on the grant date, and (2) incentive stock options to purchase shares of common stock to eligible employees at an exercise price not less than 100% of the fair market value of those shares on the grant date (not less than 110% of fair market value if such employee actually or constructively owns more than 10% of Acacia’s voting stock or the voting stock of any of its subsidiaries).

•
Stock Issuance Program. Under the stock issuance program, eligible individuals may be issued shares of common stock directly, upon the attainment of performance milestones or the completion of a specified period of service or as a bonus for past services. Under this program, the purchase price for the shares shall not be less than 100% of the fair market value of the shares on the date of issuance, and payment may be in the form of cash or past services rendered. The eligible individuals shall have full stockholder rights with respect to any shares of Common Stock issued to them under the Stock Issuance Program, whether or not their interest in those shares is vested. Accordingly, the eligible individuals shall have the right to vote such shares and to receive any regular cash dividends paid on such shares.

•
Automatic Option Grant Program. Through fiscal year 2016, each non-employee director received restricted stock units or stock options for the number of shares determined by dividing the annual retainer by the grant date fair value of Acacia’s common stock on the grant date. In addition, each new non-employee director received restricted
stock units or stock options for the number of shares determined by dividing the annual board of directors retainer by the grant date fair value of Acacia’s common stock on the commencement date. These restricted stock units and stock options vested in a series of twelve quarterly installments over the three year period following the grant date, subject to immediate acceleration upon a change in control. Acacia will deliver the unrestricted shares corresponding to the vested restricted stock units within thirty (30) days after the first to occur of the following events: (i) the fifth (5th) anniversary of the grant date; or (ii) termination of the non-employee director’s service as a member of the Company’s Board of Directors. The non-employee directors do not have any rights, benefits or entitlements with respect to any shares unless and until the shares have been delivered.

The number of shares of Common Stock initially reserved for issuance under the 2013 Plan was 4,750,000 shares. No new additional shares will be added to the 2013 Plan without security holder approval (except for shares subject to outstanding awards that are forfeited or otherwise returned to the 2013 Plan). The stock issuable under the 2013 Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. In June 2016, 625,390 shares of common stock available for issuance under the 2013 Plan were transferred into the 2016 Plan. At December 31, 2018, there were 709,000 shares available for grant under the 2013 Plan.

The number of shares of Common Stock initially reserved for issuance under the 2016 Plan was 4,500,000 shares plus 625,390 shares of common stock available for issuance under the 2013 Plan, as of the effective date of the Plan. At December 31, 2018, there were 3,689,000 shares available for grant under the 2016 Plan.

Upon the exercise of stock options, the granting of restricted stock, or the delivery of shares pursuant to vested restricted stock units, it is Acacia’s policy to issue new shares of common stock. Acacia’s board of directors may amend or modify the Plans at any time, subject to any required stockholder approval. As of December 31, 2018, there are 7,938,000 shares of common stock reserved for issuance under the Plans.

Stock-based award grant activity for the periods presented was as follows:
 
 
2018
 
2017
 
 
Shares
 
Aggregate fair value (in thousands)
 
Shares
 
Aggregate fair value (in thousands)
Restricted stock awards with time-based service conditions
 
102,000

 
$
386

 
—

 
$
—

Stock options with time-based service vesting conditions
 
930,000

 
1,588

 
1,368,000

 
2,930

Total incentive awards granted
 
1,032,000

 
$
1,974

 
1,368,000

 
$
2,930



The following table summarizes stock option activity for the Plans for the year ended December 31, 2018:
 
 
 
 
Weighted-Average
 
 
 
 
Options
 
Exercise
Price
 
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2017
 
5,830,000

 
$
5.13

 
 
 
 
Granted
 
930,000

 
$
3.91

 
 
 
 
Exercised
 
(83,000
)
 
$
3.12

 
 
 
 
Expired/forfeited
 
(3,168,000
)
 
$
5.00

 
 
 
 
Outstanding at December 31, 2018
 
3,509,000

 
$
4.96

 
4.1 years
 
$
—

Vested
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—

Exercisable at December 31, 2018
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—


 
The aggregate intrinsic value of options exercised during the years ended December 31, 2018 and 2017 was $51,000 and $296,000, respectively. The aggregate intrinsic value of options vested during the year ended December 31, 2018 was $0. The aggregate fair value of options granted during the year ended December 31, 2018 was $1,588,000. The aggregate fair value of options vested during the years ended December 31, 2018 and 2017 was $1,918,000 and $2,009,000, respectively.  As of December 31, 2018, the total unrecognized compensation expense related to nonvested stock option awards was $844,000, which is expected to be recognized over a weighted-average term of approximately 1 year.

The following table summarizes nonvested restricted share activity for the year ended December 31, 2018:
 
 
Nonvested
Restricted Shares
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock at December 31, 2017
 
123,000

 
$
4.77

Granted
 
102,000

 
$
3.79

Vested
 
(225,000
)
 
$
4.32

Canceled
 
—

 
$
—

Nonvested restricted stock at December 31, 2018
 
—

 
$
—


 
The weighted-average grant date fair value of nonvested restricted stock granted during the years ended December 31, 2018 and 2016 was $3.79 and $3.12, respectively.  There were no grants of restricted stock during the year ended December 31, 2017. The aggregate fair value of restricted stock that vested during the years ended December 31, 2018 and 2017 was $972,000 and $1,560,000, respectively. As of December 31, 2018, there was no unrecognized compensation expense related to nonvested restricted stock awards.
 
The following table summarizes restricted stock unit activity for the year ended December 31, 2018:
 
 
Restricted
Stock Units
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock units outstanding at December 31, 2017
 
2,000

 
$
16.72

Vested
 
(2,000
)
 
$
16.72

Nonvested restricted stock units outstanding at December 31, 2018
 
—

 
$
—

Vested restricted stock units outstanding at December 31, 2018
 
31,000

 
$
15.43


 
There were no restricted units granted during the years ended December 31, 2018 and 2017. The aggregate fair value of restricted stock units that vested during the years ended December 31, 2018 and 2017 was $40,000 and $200,000, respectively. As of December 31, 2018, there was no unrecognized compensation expense related to restricted stock unit awards.
    
Profits Interest Plan

On February 16, 2017, AIP Operation LLC, a Delaware limited liability company (“AIP”), and an indirect subsidiary of Acacia, adopted a Profits Interest Plan (the “Plan”) that provides for the grant of membership interests in AIP to certain members of management and the Board of Directors of Acacia as compensation for services rendered for or on behalf of AIP. Each profits interest unit granted pursuant to the Plan is intended to qualify as a “profits interest” for U.S. federal income tax purposes and will only have value to the extent the fair value of AIP increases beyond the fair value at the issuance date of the membership interests. The membership interests are represented by units (the “Units”) reserved for the issuance of awards under the Plan. The Units entitle the holders to share in or be allocated certain AIP profits and losses and to receive or share in AIP distributions pursuant to the AIP Limited Liability Company Operating Agreement entered into as of February 16, 2017 (the “LLC Agreement”). In connection with the adoption of the Plan, a form of Profits Interest Agreement was approved pursuant to which Units may be granted from time to time. Units vest upon AIP’s achievement of certain performance milestones (one-third upon 150% appreciation, and the remaining two-thirds upon 300% appreciation in value of Acacia’s aggregate investment in Veritone), subject to the continued service of the recipient, and are subject to the terms and conditions of the Plan, the Profits Interest Agreement and the LLC Agreement. The Units were fully vested in September 2017.

Acacia owns 60% of the membership interests in AIP and at all times will control AIP. Acacia from time to time may contribute to AIP certain assets or securities related to portfolio companies in which Acacia holds an interest. Units may be awarded as one-time, discretionary grants to recipients. As of December 31, 2018, AIP holds the Veritone 10% Warrant described at Note 6.

Profits interests totaling 400 Units, or 40% of the membership interests in AIP, were granted in February 2017, with an aggregate grant date fair value of $722,000. The fair value of the Units totaled $591,000 as of December 31, 2018. Upon full vesting of the units in September 2017, all previously unrecognized compensation expense was immediately recognized.

Compensation expense for the periods presented was comprised of the following:
 
 
2018
 
2017
 
 
 
 
 
Restricted stock awards with time-based service conditions
 
$
460

 
$
1,025

Restricted stock unit awards with time-based service conditions
 
1

 
161

Restricted stock awards with performance-based vesting conditions
 
—

 
121

Stock options with time-based service vesting conditions
 
1,672

 
2,165

Stock options with market-based vesting conditions
 
—

 
2,372

Profits interests units
 
(2,450
)
 
3,041

Total compensation expense
 
$
(317
)
 
$
8,885
XML 33 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES

Operating Leases

Acacia leases certain office space under various operating lease agreements expiring at various dates from 2019 through 2020. Minimum annual rental commitments, net of guaranteed sublease income, for operating leases having initial or remaining noncancellable lease terms in excess of one year are as follows (in thousands):
 
Years ending December 31,
 
2019
$
599

2020
89

Total minimum lease payments
$
688


 
Rent expense for the years ended December 31, 2018 and 2017 approximated $1,106,000 and $1,392,000, respectively. Rental payments are expensed in the statements of operations in the period to which they relate. Scheduled rent increases are amortized on a straight-line basis over the lease term. During the year ended December 31, 2018, we recorded a one-time charge of $629,000 for the excess of lease payments over anticipated sublease income through expiration of the lease.
 
Inventor Royalties and Contingent Legal Expenses

In connection with the investment in certain patents and patent rights, certain of Acacia’s operating subsidiaries executed related agreements which grant to the former owners of the respective patents or patent rights, the right to receive inventor royalties based on future net revenues (as defined in the respective agreements) generated as a result of licensing and otherwise enforcing the respective patents or patent portfolios.

Acacia’s operating subsidiaries may retain the services of law firms that specialize in patent licensing and enforcement and patent law in connection with their licensing and enforcement activities. These law firms may be retained on a contingent fee basis whereby such law firms are paid on a scaled percentage of any negotiated fees, settlements or judgments awarded based on how and when the fees, settlements or judgments are obtained.
  
Patent Enforcement

    Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights.  In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions.  In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material.

Other

On June 17, 2015, Celltrace Communications Ltd. (“Celltrace”) filed a lawsuit against Acacia in U.S. District Court for the Southern District of New York, Case No. 1:15-cv-04746, alleging, among other things, significant damages for alleged breach of contract, unjust enrichment and fraud.  Acacia disputes the allegations and does not believe that Celltrace is entitled to any damages.  Acacia successfully moved to compel arbitration of the dispute, and the District Court stayed the litigation
pending arbitration before the International Court of Arbitration for the International Chamber of Commerce (the “ICC”).  Celltrace appealed the decision to the U.S. Court of Appeals for the Second Circuit, which denied the appeal.  Celltrace filed its request for arbitration of the claims with the ICC on November 28, 2016.  Acacia filed an answer denying all allegations of wrongdoing and asserting affirmative defenses.  A tribunal was appointed to preside over the arbitration and conducted its first case management conference on June 26, 2017.  The parties conducted discovery and submitted their cases in chief to the tribunal in a series of written submissions per the tribunal’s orders between January 2018 and December 2018.  The tribunal held an evidentiary hearing with live witness testimony in New York City between February 4, 2019 and February 13, 2019.  At the end of the hearing, the tribunal set a schedule for post-hearing briefing by the parties, which is currently scheduled to conclude in April 2019, after which the tribunal will render a decision.  Acacia continues to vigorously contest all allegations of wrongdoing.

On December 6, 2017, the Federal Court of Canada allowed a counterclaim for invalidity of a patent asserted by Rapid Completions LLC and awarded costs payable by Rapid Completions LLC in an amount to be determined.


Acacia is subject to claims, counterclaims and legal actions that arise in the ordinary course of business. Management believes that the ultimate liability with respect to these claims and legal actions, if any, will not have a material effect on Acacia’s consolidated financial position, results of operations or cash flows. Fiscal year 2018 operating expenses included expenses for settlement and contingency accruals totaling $2,602,000, net of prior accruals.
Guarantees and Indemnifications

Certain of Acacia’s operating subsidiaries have made guarantees and indemnities under which they may be required to make payments to a guaranteed or indemnified party, in relation to certain transactions, including revenue transactions in the ordinary course of business. In connection with certain facility leases, Acacia and certain of its operating subsidiaries have indemnified lessors for certain claims arising from the facilities or the leases. Acacia indemnifies its directors and officers to the maximum extent permitted under the laws of the State of Delaware. However, Acacia has a directors and officers insurance policy that may reduce its exposure in certain circumstances and may enable it to recover a portion of future amounts that may be payable, if any. The duration of the guarantees and indemnities varies and, in many cases is indefinite but subject to statute of limitations. The majority of guarantees and indemnities do not provide any limitations of the maximum potential future payments that Acacia could be obligated to make. To date, Acacia has made no payments related to these guarantees and indemnities. Acacia estimates the fair value of its indemnification obligations to be insignificant based on this history and therefore, have not recorded any liability for these guarantees and indemnities in the accompanying consolidated balance sheets. Additionally, no events or transactions have occurred that would result in a material liability at December 31, 2018.

Other

In August 2010, a wholly owned subsidiary of Acacia became the general partner of the Acacia IP Fund, which was formed in August 2010. The Acacia IP Fund invests in, licenses and enforces IP consisting primarily of patents, patent rights, and patented technologies. The Acacia IP Fund was terminated as of December 31, 2017. The final distribution to the partners of the Acacia IP Fund will be made in 2019.
XML 34 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Retirement Savings Plan and Executive Severance Policy
 12 Months Ended
Dec. 31, 2018
RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY [Abstract]  
Retirement Savings Plan and Executive Severance Policy RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY

Retirement Savings Plan.  Acacia has an employee savings and retirement plan under section 401(k) of the Code (the “Plan”). The Plan is a defined contribution plan in which eligible employees may elect to have a percentage of their compensation contributed to the Plan, subject to certain guidelines issued by the Internal Revenue Service. Acacia may contribute to the Plan at the discretion of the board of directors. There were no contributions made by Acacia during the periods presented.

Executive Severance Policy.  Under Acacia’s Amended Executive Severance Policy, full-time employees as of July 2017 and prior with the title of Senior Vice President and higher (“SVP and higher”) are entitled to receive certain benefits upon termination of employment. If employment of an SVP and higher employee is terminated for other than cause or other than on account of death or disability, Acacia will (i) promptly pay to the SVP and higher employee a lump sum amount equal to the aggregate of (a) accrued obligations (i.e., annual base salary through the date of termination to the extent not theretofore paid and any compensation previously deferred (together with any accrued interest or earnings thereon) and any accrued vacation pay, and reimbursable expenses, in each case to the extent not theretofore paid) and (b) three (3) months of base salary
for each full year that the SVP and higher employee was employed by the Company (the “Severance Period”), up to a maximum of twelve (12) months (eighteen (18) months for executive officers of Acacia Research Corporation) of base salary, and (ii) provide to the SVP and higher employee, Acacia paid COBRA coverage for the medical and dental benefits selected in the year in which the termination occurs, for the duration of the Severance Period. Results for the year ended December 31, 2018 and 2017 include $2,458,000 and $1,421,000 in benefits paid under the executive severance policy.
XML 35 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2017
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for state income taxes totaled $140,000 and $181,000 for the years ended December 31, 2018 and 2017, respectively. Foreign taxes withheld totaled $1,093,000 and $2,865,000 for the years ended December 31, 2018 and 2017, respectively. Refer to Note 4 for accrued foreign taxes payable.

Refer to Note 6 for information regarding noncash investing activity related to the investment in Veritone for the periods presented.
XML 36 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Recent Accounting Pronouncements (Notes)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] RECENT ACCOUNTING PRONOUNCEMENTS
 
Recent Accounting Pronouncements - Recently Adopted.

In May 2014, the FASB issued a new accounting standards update addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under the standard, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. In doing so, the Company is required to use more judgment and make more estimates in connection with the accounting for revenue contracts with customers than under previous guidance, as described in Note 2. Under the standard, (i) an entity should account for a promise to provide a customer with a right to access the entity’s IP as a performance obligation satisfied over time because the customer will simultaneously receive and consume the benefit from the entity’s performance of providing access to its IP as the performance occurs, and (ii) an entity’s promise to provide a customer with the right to use its IP is satisfied at a point in time. In addition, revenues from contracts with significant financing components should be recognized at an amount that reflects the price that a customer would have paid if the customer had paid cash for the goods or services when they transfer to the customer (i.e. adjustment for the time value of money). For sales and usage based royalties, the new standard requires that the Company include in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.

The Company used the modified retrospective method of adoption and recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings on January 1, 2018. Comparative prior year periods were not adjusted. The new accounting standard was applied to all contracts at the date of initial application. The cumulative effect of applying the new revenue standard, primarily relating to financing components of contracts executed in prior periods and estimates of variable consideration for sales and usage based royalty agreements executed in prior periods, was as follows (in thousands):
 
 
Balance at December 31, 2017
 
Adjustments Due to ASC 606
 
Balance at January 1, 2018
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
153

 
$
4,542

 
$
4,695

Royalties and contingent legal fees payable
 
1,601

 
1,728

 
3,329

Accumulated deficit
 
(320,018
)
 
2,506

 
(317,512
)
Noncontrolling interests
 
1,358

 
308

 
1,666



The impact of the adoption of the new accounting standard on the condensed consolidated balance sheet and statement of operations was as follows (in thousands):
 
 
December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
32,884

 
$
28,500

 
$
4,384

Royalties and contingent legal fees payable
 
22,688

 
20,404

 
2,284

 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Statements of Operations:
 
 
 
 
 
 
Revenues
 
$
131,506

 
$
131,723

 
$
217

Inventor royalties
 
$
35,168

 
$
34,295

 
$
(873
)
Contingent legal fees
 
$
31,501

 
$
32,020

 
$
519



In May 2017, the FASB issued amended guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions or the classification of the award changes as a result of the change in terms or conditions. This amendment is effective prospectively for annual periods beginning on or after December 15, 2017. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Recent Accounting Pronouncements - Not Yet Adopted.

In February 2016, the FASB issued an accounting standard update which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company has two leases with terms that extend beyond 12 months at December 31, 2018. Both leases have guaranteed sublease income through the termination of the lease. Management does not believe that the impact that adopting this new accounting guidance will have a material effect on its financial statements and footnote disclosures and expects to adopt the new standard effective January 1, 2019.
XML 37 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Disclosures (Notes)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]  FAIR VALUE DISCLOSURES

Acacia holds the following types of financial instruments at December 31, 2018 and 2017.

Trading securities - debt. Debt securities includes corporate bonds with fair value that is determined by third party quotations from outside pricing services and/or computerized pricing models, which may be based on transactions, bids or estimates. Acacia classifies the fair value of corporate bonds within Level 2 of the valuation hierarchy.
    
Trading securities - equity. Equity securities includes investments in public companies common stock and are recorded at fair value based on the quoted market price of each share on the valuation date. The fair value of these securities are within Level 1 of the valuation hierarchy.

Investments at fair value - common stock. Acacia’s equity investment in Veritone common stock is recorded at fair value based on the quoted market price of Veritone’s common stock on the applicable valuation date. The fair value at December 31, 2017 was adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares under a lock-up agreement at December 31, 2017 (Level 3 input). At December 31, 2018, there were no restrictions on the common shares and the investment in common shares was transfered from Level 3 to Level 1.

Investments at fair value - warrants. Warrants are recorded at fair value, as based on the Black-Scholes option-pricing model (Level 2). Warrants on securities under a lock-up agreement are adjusted for an estimated discount for lack of marketability (“DLOM”) associated with the restricted nature of the common shares (Level 3).

Profits interests. For the year ended December 31, 2018, the fair value of the Units was estimated at 40% of the fair value of the 10% Warrant, based on the Black-Scholes option-pricing model (Level 2). For the year ended December 31, 2017, the fair value of the Units was estimated based on probable vesting dates and values for the applicable instruments (i.e. common stock and warrants related to Acacia’s Veritone investment described at Note 6) underlying or associated with the Units (Level 3).
XML 38 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Transactions (Notes)
 12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block] RELATED PARTY TRANSACTIONS

During the year ended December 31, 2018, the Company paid $976,000 in expenses related to the reimbursement of costs incurred by Sidus Investment Management, LLC (“Sidus”) on behalf of the participants (together with Sidus, the “Participants”) named in the proxy statement filed on June 7, 2018 by the Participants, in connection with a contested proxy election. These expenses are included in general and administrative expenses on the consolidated statements of operations.  Alfred V. Tobia, Jr. and Clifford Press are related parties as each of them are Participants and members of the Company’s Board of Directors.  In addition, Sidus is a related party as Mr. Tobia is a Co-Founder and Managing Member at Sidus.
XML 39 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Financial Data
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Quarterly Financial Data QUARTERLY FINANCIAL DATA (unaudited)
The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended December 31, 2018. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.
 
 
Quarter Ended
 
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
 
2018
 
2018
 
2018
 
2018
 
2017
 
2017
 
2017
 
2017
 
 
(Unaudited, in thousands, except share and per share information)
Revenues
 
$
62,093

 
$
6,485

 
$
13,725

 
$
49,203

 
$
8,854

 
$
16,457

 
$
36,633

 
$
3,458

Portfolio operations:
 
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 
Inventor royalties
 
21,744

 
1,241

 
1,181

 
11,002

 
666

 
4,273

 
—

 
13

Contingent legal fees
 
15,759

 
1,037

 
2,949

 
11,756

 
627

 
3,236

 
12,173

 
646

Patent acquisition expenses
 
4,000

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Litigation and licensing expenses - patents
 
2,989

 
2,639

 
1,549

 
1,689

 
6,386

 
4,134

 
4,073

 
3,626

Amortization of patents
 
5,330

 
5,278

 
4,952

 
11,560

 
5,515

 
5,571

 
5,625

 
5,443

Impairment of patent-related intangible assets
 
—

 
28,210

 
—

 
—

 
—

 
—

 
2,248

 
—

Other portfolio expenses
 
—

 
—

 
2,202

 
400

 
—

 
—

 
—

 
1,200

Total portfolio operations
 
49,822

 
38,405

 
12,833

 
36,407

 
13,194

 
17,214

 
24,119

 
10,928

Net revenue (loss)
 
12,271

 
(31,920
)
 
892

 
12,796

 
(4,340
)
 
(757
)
 
12,514

 
(7,470
)
General and administrative expenses (including non-cash stock compensation expense)
 
3,301

 
6,916

 
5,855

 
2,778

 
7,236

 
7,167

 
12,956

 
(140
)
Operating income (loss)
 
8,970

 
(38,836
)
 
(4,963
)
 
10,018

 
(11,576
)
 
(7,924
)
 
(442
)
 
(7,330
)
Total other income (expense)
 
(40,890
)
 
10,615

 
(27,595
)
 
(20,988
)
 
696

 
(4,862
)
 
159,027

 
(102,950
)
Income (loss) before provision for income taxes
 
(31,920
)
 
(28,221
)
 
(32,558
)
 
(10,970
)
 
(10,880
)
 
(12,786
)
 
158,585

 
(110,280
)
Provision for income taxes
 
(191
)
 
(285
)
 
(306
)
 
(397
)
 
(1,241
)
 
(1,478
)
 
(216
)
 
(20
)
Net income (loss) including noncontrolling interests
 
(32,111
)
 
(28,506
)
 
(32,864
)
 
(11,367
)
 
(12,121
)
 
(14,264
)
 
158,369

 
(110,300
)
Net (income) loss attributable to noncontrolling interests in subsidiaries
 
73

 
79

 
(331
)
 
(2
)
 
291

 
12

 
96

 
97

Net income (loss) attributable to Acacia Research Corporation
 
$
(32,038
)
 
$
(28,427
)
 
$
(33,195
)
 
$
(11,369
)
 
$
(11,830
)
 
$
(14,252
)
 
$
158,465

 
$
(110,203
)
Net income (loss) per common share attributable to Acacia Research Corporation:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic and diluted income (loss) per share
 
$
(0.63
)
 
$
(0.57
)
 
$
(0.67
)
 
$
(0.23
)
 
$
(0.24
)
 
$
(0.28
)
 
$
3.13

 
$
(2.18
)
Weighted-average number of shares outstanding, basic
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,554,234

 
50,590,460

Weighted-average number of shares outstanding, diluted
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,599,974

 
50,590,460
XML 40 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Fiscal Period Accounting Principles.  The consolidated financial statements and accompanying notes are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP").
Consolidation, Subsidiaries or Other Investments, Consolidated Entities Principles of Consolidation.  The accompanying consolidated financial statements include the accounts of Acacia and its wholly and majority-owned and controlled subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation.
Net income (loss) attributable to noncontrolling interest
Noncontrolling interests in Acacia’s majority-owned and controlled operating subsidiaries (“noncontrolling interests”) are separately presented as a component of stockholders’ equity. Consolidated net income or (loss) is adjusted to include the net (income) or loss attributed to noncontrolling interests in the consolidated statements of operations. Refer to the accompanying consolidated statements of stockholders’ equity for total noncontrolling interests.

A wholly owned subsidiary of Acacia is the general partner of the Acacia Intellectual Property Fund, L.P. (the “Acacia IP Fund”), which was formed in August 2010. The Acacia IP Fund is included in the Company’s consolidated financial statements since 2010, as Acacia’s wholly owned subsidiary, as the general partner, has the ability to control the operations and activities of the Acacia IP Fund. The Acacia IP Fund was terminated as of December 31, 2017 and is in the process of being liquidated.
Revenue Recognition Revenue Recognition.  Revenue is recognized upon transfer of control of promised bundled IP rights (hereinafter “IP
Rights”) and other contractual performance obligations to licensees in an amount that reflects the consideration we expect to
receive in exchange for those IP Rights. Revenue contracts that provide promises to grant the right to use IP Rights as they exist at the point in time at which the IP Rights are granted, are accounted for as performance obligations satisfied at a point in time and revenue is recognized at the point in time that the applicable performance obligations are satisfied and all other revenue
recognition criteria have been met.

For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain IP Rights for patented technologies owned or controlled by Acacia (“Paid-up Revenue Agreements”). Revenues also included license fees from sales-based revenue contracts, the majority of which were originally executed in prior periods, that provide for the payment of quarterly license fees based on quarterly sales of applicable product units by licensees (“Recurring Revenue Agreements”). Revenues may also include court ordered settlements or awards related to our patent portfolio ("Other Settlements") or sales of our patent portfolio ("Sales") . IP Rights granted included the following, as applicable:  (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The IP Rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual IP Rights are not accounted for as separate performance obligations, as (i) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised IP Rights are inputs and (ii) the Company's promise to transfer each individual IP right described above to the customer is not separately identifiable from other promises to transfer IP Rights in the contract.

Since the promised IP Rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the IP Rights promised in the contract as a single performance obligation. The IP Rights granted were “functional IP rights” that have significant standalone functionality. Acacia's subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. Acacia’s operating subsidiaries have no further obligation with respect to the grant of IP Rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services.  The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the IP Rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts with 30-90 days of execution of the contract, or the end of the quarter in which the sale or usage occurs for Recurring Revenue Agreements. Contractual payments made by licensees are generally non-refundable.
 
For sales-based royalties, the Company includes in the transaction price some or all of an amount of estimated variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Notwithstanding, revenue is recognized for a sales-based royalty promised in exchange for a license of IP Rights when the later of (i) the subsequent sale or usage occurs, or (ii) the performance obligation to which some or all of the sales-based royalty has been allocated has been satisfied. Estimates are generally based on historical levels of activity, if available.

Revenues from contracts with significant financing components (either explicit or implicit) are recognized at an amount that reflects the price that a licensee would have paid if the licensee had paid cash for the IP Rights when they transfer to the licensee. In determining the transaction price, the Company adjusts the promised amount of consideration for the effects of the time value of money. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the entity transfers promised IP Rights to a customer and when the customer pays for the IP Rights will be one year or less.
 
In general, the Company is required to make certain judgments and estimates in connection with the accounting for revenue contracts with customers. Such areas may include identifying performance obligations in the contract, estimating the timing of satisfaction of performance obligations, determining whether a promise to grant a license is distinct from other promised goods or services, evaluating whether a license transfers to a customer at a point in time or over time, allocating the transaction price to separate performance obligations, determining whether contracts contain a significant financing component, and estimating revenues recognized at a point in time for sales-based royalties.








Revenues were comprised of the following for the periods presented (in thousands):
 
2018
 
2017
Paid-up Revenue Agreements
$
100,496

 
$
59,020

Recurring Revenue Agreements
13,040

 
6,382

Other Settlements
3,470

 
—

Sales
14,500

 
—

 
$
131,506

 
$
65,402



Refer to “Inventor Royalties and Contingent Legal Expenses” below for information on related direct costs of revenues.
Cost of Revenues
Portfolio Operations.  Cost of revenues include the costs and expenses incurred in connection with Acacia’s patent licensing and enforcement activities, including inventor royalties paid to original patent owners, contingent legal fees paid to external patent counsel, other patent-related legal expenses paid to external patent counsel, licensing and enforcement related research, consulting and other expenses paid to third-parties and the amortization of patent-related investment costs. These costs are included under the caption “Portfolio operations” in the accompanying consolidated statements of operations. 
Inventor Royalties and Contingent Legal Expenses Inventor Royalties and Contingent Legal Expenses. Inventor royalties are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In certain instances, pursuant to the terms of the underlying inventor agreements, upfront advances paid to patent owners by Acacia’s operating subsidiaries are recoverable from future net revenues. Patent costs that are recoverable from future net revenues are amortized over the estimated economic useful life of the related patents, or as the prepaid royalties are earned by the inventor, as appropriate, and the related expense is included in amortization expense in the consolidated statements of operations. Any unamortized upfront advances recovered from net revenues are expensed in the period recovered, and included in amortization expense in the consolidated statements of operations. Cost of revenues for fiscal year 2018 included $4.0 million of costs to acquire certain patent rights related to revenues recognized in the period.  

Contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal fees are paid; however, Acacia’s operating subsidiaries may be liable for certain out of pocket legal costs incurred pursuant to the underlying legal services agreement.
Cash and Cash Equivalents
Cash and Cash Equivalents.  Acacia considers all highly liquid, short-term investments with original maturities of three months or less when purchased to be cash equivalents. For the periods presented, Acacia’s cash equivalents are comprised of investments in AAA rated money market funds that invest in first-tier only securities, which primarily includes: domestic commercial paper, securities issued or guaranteed by the U.S. government or its agencies, U.S. bank obligations, and fully collateralized repurchase agreements. Acacia’s cash equivalents are measured at fair value using quoted prices that represent Level 1 inputs.
Marketable Securities
Trading Securities- Debt.  Investments in debt securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses recorded in the statements of operations in other income (expense). Realized and unrealized gains and losses are recorded based on the specific identification method. Interest is included in other income (expense).

Trading Securities - Equity. Investments in equity securities are reported at fair value on a recurring basis, with related realized and unrealized gains and losses in the value of such securities recorded in the statements of operations in other income (expense). Dividend income is included in other income (expense).

Impairment of Short-term Investments. Acacia evaluates its investments in marketable securities for potential impairment, employing a methodology on a quarterly basis that considers available quantitative and qualitative evidence. If the cost or carrying value of an investment exceeds its estimated fair value, the Company evaluates, among other factors, general market conditions, credit quality of instrument issuers, the duration and extent to which the fair value is less than cost, and the Company’s intent and ability to hold, or plans or ability to sell. Fair value is estimated based on publicly available market
information or other estimates determined by management. Investments are considered to be impaired when a decline in fair value is estimated to be other-than-temporary. Acacia reviews impairments associated with its investments in marketable securities and determines the classification of any impairment as temporary or other-than-temporary. An impairment is deemed other-than-temporary unless (a) Acacia has the ability and intent to hold an investment for a period of time sufficient for recovery of its carrying amount and (b) positive evidence indicating that the investment’s carrying amount is recoverable within a reasonable period of time outweighs any evidence to the contrary. All available evidence, both positive and negative, is considered to determine whether, based on the weight of such evidence, the carrying amount of the investment is recoverable within a reasonable period of time. For investments classified as available-for-sale, unrealized losses that are other-than-temporary are recognized in the consolidated statements of operations.  
Concentrations of Credit Risk
Concentration of Credit Risks.  Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. Acacia places its cash equivalents and short-term investments primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. Acacia has not experienced any significant losses on its deposits of cash and cash equivalents.

Three licensees individually accounted for 45%, 17% and 17%, respectively, of revenues recognized during the year ended December 31, 2018. Three licensees individually accounted for 54%, 21% and 10%, respectively, of revenues recognized during the year ended December 31, 2017. Four licensees individually represented approximately 38%, 36%, 12% and 11%, respectively, of accounts receivable at December 31, 2018. One licensee individually represented 100% of accounts receivable at December 31, 2017.

For 2018 and 2017, 26% and 39%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions, based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable revenue arrangement. The Company does not have any material foreign operations.

Acacia performs credit evaluations of its licensees with significant receivable balances, if any, and has not experienced any significant credit losses. Accounts receivable are recorded at the executed contract amount and generally do not bear interest. Collateral is not required. An allowance for doubtful accounts may be established to reflect the Company’s best estimate of probable losses inherent in the accounts receivable balance, and is reflected as a contra-asset account on the balance sheet and a charge to operating expenses in the statements of operations for the applicable period. The allowance is determined based on known troubled accounts, historical experience, and other currently available evidence. There was no allowance for doubtful accounts established for the periods presented.
Fair Value of Financial Instruments Fair Value of Financial Instruments.  The carrying value of cash and cash equivalents, accounts receivables, and current liabilities approximates their fair values due to their short-term maturities.
Furniture and Equipment Property and Equipment.  Property and equipment are recorded at cost. Major additions and improvements that materially extend useful lives of property and equipment are capitalized. Maintenance and repairs are charged against the results of operations as incurred. When these assets are sold or otherwise disposed of, the asset and related depreciation are relieved, and any gain or loss is included in the consolidated statements of operations for the period of sale or disposal. Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:
Furniture and fixtures
3 to 5 years
Computer hardware and software
3 to 5 years
Leasehold improvements
2 to 5 years (Lesser of lease term or useful life of improvement)

 
Rental payments on operating leases are charged to expense in the consolidated statements of operations on a straight-line basis over the lease term.
Patents Patents.  Patents include the cost of patents or patent rights (hereinafter, collectively “patents”) acquired from third-parties or obtained in connection with business combinations. Patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from one to five years.
Fair Value Measurements Fair Value Measurements. U.S. GAAP defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date, and also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three-level hierarchy of valuation techniques established to measure fair value is defined as follows:

(i)
Level 1 - Observable Inputs:  Quoted prices in active markets for identical investments;
(ii)
Level 2 - Pricing Models with Significant Observable Inputs:  Other significant observable inputs, including quoted prices for similar investments, interest rates, credit risk, etc.; and
(iii)
Level 3 - Unobservable Inputs:  Significant unobservable inputs, including the entity’s own assumptions in determining the fair value of investments.

Whenever possible, the Company is required to use observable market inputs (Level 1 - quoted market prices) when measuring fair value. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
Assets as of December 31, 2018:
 
 
 
 
 
Trading securities - debt
$
—

 
$
33,642

 
$
—

Trading securities - equity
3,012

 
—

 
—

Investment at fair value - warrants (Note 6)
—

 
2,064

 
—

Investment at fair value - common stock (Note 6)
5,395

 
—

 
—

Total recurring fair value measurements as of December 31, 2018
$
8,407

 
$
35,706

 
$
—

 
 
 
 
 
 
Assets as of December 31, 2017:
 
 
 
 
 
Investments at fair value (Note 6)
$
—

 
$
—

 
$
104,754

 
 
 
 
 
 
Liabilities as of December 31, 2018:
 
 
 
 
 
Profits interest units
$
—

 
$
591

 
$
—

Liabilities as of December 31, 2017:
 
 
 
 
 
Profits interest units
$
—

 
$
—

 
$
3,041

 
 
 
 
 
 


A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended December 31, 2018 is as follows (in thousands):
 
Investment at Fair Value
 
Other Liabilities
 
Common Stock
 
Warrants
 
Total
 
Profits Interest Units
Opening balance as of January 1, 2018
$
90,795

 
$
13,959

 
$
104,754

 
$
3,041

Total gains and losses included in earnings for the period(1)
 
 
 
 
 
 
 
Non-cash stock compensation expense - Profits Interests
—

 
—

 
—

 
(2,450
)
Change in fair value of investment, net
(47,208
)
 
(11,895
)
 
(59,103
)
 
—

Realized loss on sale
(19,095
)
 
—

 
(19,095
)
 
—

Purchases, issues, sales and settlements
(19,097
)
 
—

 
(19,097
)
 
—

Transfers to Level 1 and Level 2
(5,395
)
 
(2,064
)
 
(7,459
)
 
(591
)
Total recurring fair value measurements(1)
$
—

 
$
—

 
$
—

 
$
—


____________________
(1) All gains and losses included in earnings for the period presented relate to assets and liabilities held as of December 31, 2018 and December 31, 2017.
(2) Refer to Note 6 for information regarding purchases, issues, sales and settlements activity for the years ended December 31, 2018 and 2017.

Investments at Fair Value. On an individual investment basis, Acacia may elect to account for investments in companies where the Company has the ability to exercise significant influence over operating and financial policies of the investee, at fair value. If the fair value option is applied to an investment that would otherwise be accounted for under the
equity method of accounting, it is applied to all of the financial interests in the same entity that are eligible items (i.e. common stock and warrants).
Equity Method Investments [Policy Text Block] Other Investments. Equity investments in common stock and in-substance common stock without readily determinable fair values in companies over which the Company has the ability to exercise significant influence, are accounted for using the equity method of accounting. Acacia includes its proportionate share of earnings and/or losses of its equity method investees in equity in earnings (losses) of investee in the condensed consolidated statements of operations.

Investments in preferred stock with substantive liquidation preferences are accounted for at cost, (subject to impairment considerations, as described below, if any), as adjusted for the impact of changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. In-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity's common stock. An investment in preferred stock with substantive liquidation preferences over common stock, is not substantially similar to common stock, and therefore is not considered in-substance common stock. A liquidation preference is substantive if the investment has a stated liquidation preference that is significant, from a fair value perspective, in relation to the purchase price of the investment. A liquidation preference in an investee that has sufficient subordinated equity from a fair value perspective is substantive because, in the event of liquidation, the investment will not participate in substantially all of the investee's losses, if any.

The initial determination of whether an investment is substantially similar to common stock is made on the initial date of investment if the Company has the ability to exercise significant influence over the operating and financial policies of the investee. That determination is reconsidered if (i) contractual terms of the investment are changed, (ii) there is a significant change in the capital structure of the investee, including the investee's receipt of additional subordinated financing, or (iii) the Company obtains an additional interest in an investment, resulting in the method of accounting for the cumulative interest being based on the characteristics of the investment at the date at which the Company obtains the additional interest. Refer to Note 5 for additional information.
Impairment of investments [Policy Text Block] Impairment of Investments. Acacia reviews its investments quarterly for indicators of other-than-temporary impairment. This determination requires significant judgment. In making this judgment, Acacia considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, Acacia evaluates, among other factors, general market conditions and the duration and extent to which the fair value is less than cost. Acacia also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded in the consolidated statements of operations and a new cost basis in the investment is established.
Impairment of Long-Lived Assets Impairment of Long-lived Assets. Acacia reviews long-lived assets and intangible assets for potential impairment annually (quarterly for patents) and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Refer to Note 5 for additional information.

Fair value is generally estimated using the “Income Approach,” focusing on the estimated future net income-producing capability of the patent portfolios over the estimated remaining economic useful life. Estimates of future after-tax cash flows are converted to present value through “discounting,” including an estimated rate of return that accounts for both the time value of money and investment risk factors. Estimated cash inflows are typically based on estimates of reasonable royalty rates for the applicable technology, applied to estimated market data. Estimated cash outflows are based on existing contractual obligations, such as contingent legal fee and inventor royalty obligations, applied to estimated license fee revenues, in addition to other estimates of out-of-pocket expenses associated with a specific patent portfolio’s licensing and enforcement program. The analysis also contemplates consideration of current information about the patent portfolio including, status and stage of litigation, periodic results of the litigation process, strength of the patent portfolio, technology coverage and other pertinent information that could impact future net cash flows.
Contingent liabilities [Policy Text Block] Contingent Liabilities. The Company, from time to time, is involved in certain legal proceedings. Based upon consultation with outside counsel handling its defense in these matters and the Company’s analysis of potential outcomes, if the
Company determines that a loss arising from such matters is probable and can be reasonably estimated, an estimate of the contingent liability is recorded in its consolidated financial statements. If only a range of estimated loss can be determined, an amount within the range that, based on estimates, assumptions and judgments, reflects the most likely outcome, is recorded as a contingent liability in the consolidated financial statements. In situations where none of the estimates within the estimated range is a better estimate of probable loss than any other amount, the Company records the low end of the range. Any such accrual would be charged to expense in the appropriate period. Litigation expenses for these types of contingencies are recognized in the period in which the litigation services were provided.
Certain of Acacia’s operating subsidiaries are often required to engage in litigation to enforce their patents and patent rights. In connection with any of Acacia’s operating subsidiaries’ patent enforcement actions, it is possible that a defendant may request and/or a court may rule that an operating subsidiary has violated statutory authority, regulatory authority, federal rules, local court rules, or governing standards relating to the substantive or procedural aspects of such enforcement actions. In such event, a court may issue monetary sanctions against Acacia or its operating subsidiaries or award attorney’s fees and/or expenses to a defendant(s), which could be material, and if required to be paid by Acacia or its operating subsidiaries, could materially harm the Company’s operating results and financial position.
Stock-based Compensation Stock-Based Compensation. The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two to four years. The fair value of restricted stock and restricted stock unit awards is determined by the product of the number of shares or units granted and the grant date market price of the underlying common stock. The fair value of each option award is estimated on the date of grant using a Black-Scholes option-pricing model. Stock-based compensation expense for awards with service and/or performance conditions that affect vesting is recorded only for those awards expected to vest using an estimated forfeiture rate.

The Financial Accounting Standards Board (“FASB”) issued a new standard, effective January 1, 2017, that allows entities to make a policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. Effective January 1, 2017, the Company elected to account for forfeitures of awards as they occur. The prior standard required the Company to estimate the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest.

The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:
 
For the Years Ended
 
December 31, 2018
 
December 31, 2017
 
 
 
 
Risk-free interest rate
2.26%
 
1.77%
Term
4.37
 
4.37
Volatility
51%
 
51%
Dividend yield
—%
 
—%


Due to a lack of sufficient historical stock option exercise experience, the Company utilized the simplified method for estimating the expected term for stock options granted during the periods presented.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the option. The risk-free interest rate is based on the U.S. treasury yield curve on the grant date for the expected term of the option.

Restricted stock awards and stock option awards with performance-based vesting conditions generally vest based upon the Company achieving specified cash flow performance targets over a one and two-year period from the date of grant.
 
Performance-based stock options awards with market-based vesting conditions vest based upon the Company achieving specified stock price targets over a four-year period. The effect of a market condition is reflected in the estimate of the grant-date fair value of the options utilizing a Monte Carlo valuation technique. Compensation cost is recognized for an option with a market-based vesting condition provided that the requisite service is rendered, regardless of when, if ever, the market condition is satisfied. The service period for options with a market-based vesting condition is inferred from the application of the Monte Carlo valuation technique. The derived service period represents the duration of the median of the distribution of share price paths on which the market condition is satisfied. The duration is the period of time from the service inception date to the expected date of satisfaction, as determined from the valuation technique. Assumptions utilized in connection with the Monte Carlo valuation technique included: estimated risk-free interest rate; expected volatility; and expected dividend yield. The risk-free interest rate was determined based on the yields available on U.S. Treasury zero-coupon
issues. The expected stock price volatility was determined using historical volatility. The expected dividend yield was based on expectations regarding dividend payments.

Profits Interest Units (“Units”) are accounted for in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation - Stock Compensation.” The Units vest as described at Note 9, and therefore, the vesting conditions do not meet the definition of service, market or performance conditions, as defined in ASC 718. As such, the Units are classified as liability awards. Liability classified awards are measured at fair value on the grant date and re-measured each reporting period at fair value until the award is settled. Compensation expense is adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered. Initially, compensation expense was recognized on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which was five years. Upon full vesting of the award, which occurred during the three months ended September 30, 2017, previously unrecognized compensation expense was immediately recognized in the period, and will continue to be fully recognized for any changes in fair value, until the Units are settled. The Company has a purchase option to purchase the vested Units that are not otherwise forfeited after termination of continuous service. The exercise price of the purchase option is the fair market value of the Units on the date of termination of continuous service. At each reporting date, the value of the Units that are subject to the purchase option will be the measured at the fair value on the termination date. Non-cash stock compensation expense related to the Units is reflected in general and administrative expense in the accompanying consolidated statements of operations.
Income Taxes Income Taxes.  Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in Acacia’s consolidated financial statements or consolidated income tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more than likely not be realized, or if it is determined that there is uncertainty regarding future realization of such assets.

Under U.S. generally accepted accounting principles, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Tax positions that meet the more likely than not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement.
 
Segment Reporting Segment Reporting.  Acacia uses the management approach, which designates the internal organization that is used by management for making operating decisions and assessing performance as the basis of Acacia’s reportable segments. Acacia’s patent licensing and enforcement business constitutes its single reportable segment.
Use of Estimates Use of Estimates.  The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, the valuation of the loan and equity instruments discussed at Note 6, stock-based compensation expense including the valuation of profits interests, impairment of patent-related intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.
Earnings Per Share Income (Loss) Per Share.  The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.”
  
In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.

The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:
 
 
2018
 
2017
Numerator (in thousands):
 
 
 
 
Basic and Diluted
 
 
 
 
Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

Undistributed earnings allocated to participating securities
 
—

 
(33
)
Net income (loss) attributable to common stockholders – basic and diluted
 
$
(105,029
)
 
$
22,147

 
 
 
 
 
Denominator:
 
 
 
 
Weighted-average shares used in computing net loss per share attributable to common stockholders – basic
 
49,969,062

 
50,495,119

Effect of potentially dilutive securities:
 
 
 
 
Common stock options and restricted stock units
 
—

 
196,893

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted
 
49,969,062

 
50,692,012

Basic and diluted net loss per common share
 
$
(2.10
)
 
$
0.44

Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share
 
3,129,719

 
4,425,187


    
Treasury Stock [Policy Text Block] Treasury Stock. Repurchases of the Company’s outstanding common stock are accounted for using the cost method. The applicable par value is deducted from the appropriate capital stock account on the formal or constructive retirement of treasury stock. Any excess of the cost of treasury stock over its par value is charged to additional paid-in capital, and reflected as Treasury Stock on the consolidated balance sheets.
XML 41 R26.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Disaggregation of Revenue [Table Text Block] Revenues were comprised of the following for the periods presented (in thousands):
 
2018
 
2017
Paid-up Revenue Agreements
$
100,496

 
$
59,020

Recurring Revenue Agreements
13,040

 
6,382

Other Settlements
3,470

 
—

Sales
14,500

 
—

 
$
131,506

 
$
65,402
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
Assets as of December 31, 2018:
 
 
 
 
 
Trading securities - debt
$
—

 
$
33,642

 
$
—

Trading securities - equity
3,012

 
—

 
—

Investment at fair value - warrants (Note 6)
—

 
2,064

 
—

Investment at fair value - common stock (Note 6)
5,395

 
—

 
—

Total recurring fair value measurements as of December 31, 2018
$
8,407

 
$
35,706

 
$
—

 
 
 
 
 
 
Assets as of December 31, 2017:
 
 
 
 
 
Investments at fair value (Note 6)
$
—

 
$
—

 
$
104,754

 
 
 
 
 
 
Liabilities as of December 31, 2018:
 
 
 
 
 
Profits interest units
$
—

 
$
591

 
$
—

Liabilities as of December 31, 2017:
 
 
 
 
 
Profits interest units
$
—

 
$
—

 
$
3,041

 
 
 
 
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] The fair values of stock options granted during the periods presented were estimated using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:
 
For the Years Ended
 
December 31, 2018
 
December 31, 2017
 
 
 
 
Risk-free interest rate
2.26%
 
1.77%
Term
4.37
 
4.37
Volatility
51%
 
51%
Dividend yield
—%
 
—%
Property and Equipment, Useful Lives Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:
Furniture and fixtures
3 to 5 years
Computer hardware and software
3 to 5 years
Leasehold improvements
2 to 5 years (Lesser of lease term or useful life of improvement)
Schedule of Earnings Per Share, Basic and Diluted The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income per share:
 
 
2018
 
2017
Numerator (in thousands):
 
 
 
 
Basic and Diluted
 
 
 
 
Net income (loss) attributable to Acacia Research Corporation
 
$
(105,029
)
 
$
22,180

Undistributed earnings allocated to participating securities
 
—

 
(33
)
Net income (loss) attributable to common stockholders – basic and diluted
 
$
(105,029
)
 
$
22,147

 
 
 
 
 
Denominator:
 
 
 
 
Weighted-average shares used in computing net loss per share attributable to common stockholders – basic
 
49,969,062

 
50,495,119

Effect of potentially dilutive securities:
 
 
 
 
Common stock options and restricted stock units
 
—

 
196,893

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted
 
49,969,062

 
50,692,012

Basic and diluted net loss per common share
 
$
(2.10
)
 
$
0.44

Anti-dilutive equity-based incentive awards excluded from the computation of diluted loss per share
 
3,129,719

 
4,425,187


    
XML 42 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Short-term Investments (Tables)
 12 Months Ended
Dec. 31, 2018
Short-term Investments [Abstract]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] A reconciliation of the activity for fair value measurements categorized within Level 3 for the year ended December 31, 2018 is as follows (in thousands):
 
Investment at Fair Value
 
Other Liabilities
 
Common Stock
 
Warrants
 
Total
 
Profits Interest Units
Opening balance as of January 1, 2018
$
90,795

 
$
13,959

 
$
104,754

 
$
3,041

Total gains and losses included in earnings for the period(1)
 
 
 
 
 
 
 
Non-cash stock compensation expense - Profits Interests
—

 
—

 
—

 
(2,450
)
Change in fair value of investment, net
(47,208
)
 
(11,895
)
 
(59,103
)
 
—

Realized loss on sale
(19,095
)
 
—

 
(19,095
)
 
—

Purchases, issues, sales and settlements
(19,097
)
 
—

 
(19,097
)
 
—

Transfers to Level 1 and Level 2
(5,395
)
 
(2,064
)
 
(7,459
)
 
(591
)
Total recurring fair value measurements(1)
$
—

 
$
—

 
$
—

 
$
—
Short-term Investments for the periods presented were comprised of the following (in thousands):
 
December 31, 2018
Security Type
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
Trading securities - debt
$
33,643

 
$
18

 
$
(19
)
 
$
33,642

Trading securities - equity
3,389

 
27

 
(404
)
 
3,012

 
$
37,032

 
$
45

 
$
(423
)
 
$
36,654
XML 43 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Accounts Payable and Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable and Accrued Expenses / Costs Accounts payable and accrued expenses consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Payroll and other employee benefits
 
$
205

 
$
465

Accrued vacation
 
144

 
294

Accrued legal expenses - patent
 
5,974

 
5,479

Foreign taxes payable
 
374

 
15

Accrued consulting and other professional fees
 
1,241

 
1,364

Other accrued liabilities
 
409

 
339

 
 
$
8,347

 
$
7,956
XML 44 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Patents (Tables)
 12 Months Ended
Dec. 31, 2018
Patents [Abstract]  
Patents The gross carrying amounts and accumulated amortization related to investments in intangible assets as of December 31, 2018 and 2017 are as follows (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Gross carrying amount - patents                                                        
 
$
326,167

 
$
444,137

Accumulated amortization - patents(1)                                                                         
 
(319,580
)
 
(382,220
)
Patents, net                                                                             
 
$
6,587

 
$
61,917
Patent costs and accumulated amortization related to patent sales and disposals [Table Text Block] For the years ended December 31, 2018 and 2017, capitalized patent costs, accumulated amortization and impairment charges, and sales proceeds related to patent-related sales and disposals are as follows (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Capitalized patent costs
 
$
117,970

 
$
—

Accumulated amortization / impairment charges
 
109,663

 
—

Sales proceeds
 
14,500

 
—
XML 45 R30.htm IDEA: XBRL DOCUMENT v3.19.1
Investments (Tables)
 12 Months Ended
Dec. 31, 2018
Investments, All Other Investments [Abstract]  
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] For the period from the IPO on May 17, 2017 to December 31, 2017 and for the year ended December 31, 2018, the accompanying consolidated statements of operations reflected the following (in thousands):
 
 
2018
 
2017
Gain on conversion of loans and accrued interest(1)
 
$
—

 
$
2,671

Gain on exercise of warrant(2)
 
—

 
4,616

Change in fair value of investment, warrants
 
(11,895
)
 
8,317

Change in fair value of investment, common stock
 
(47,208
)
 
33,922

Loss on sale of investment, common stock
 
(19,095
)
 
—

Net realized and unrealized gain (loss) on investment at fair value
 
$
(78,198
)
 
$
49,526
XML 46 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Class of Stock [Line Items]  
Schedule of Repurchase Agreements [Table Text Block] Monthly stock repurchases for the periods presented, all of which were purchased as part of a publicly announced plan or program, were as follows:
 
Total Number of Shares Purchased
Average Price paid per Share
Approximate Dollar Value of
Shares that May Yet be
Purchased under the Program
Plan Expiration
 
 
 
 
 
May 1, 2018- May 30, 2018
1,190,420

$
3.89

$
15,366,000

February 28, 2019
Totals for 2018
1,190,420

$
3.89

 
 
XML 47 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): 
 
 
2018
 
2017
 
 
 
 
 
Current:
 
 
 
 
Federal
 
$
—

 
$
—

State                                                    
 
87

 
90

Foreign
 
1,092

 
2,865

Total current
 
1,179

 
2,955

Deferred:
 
 
 
 
Federal
 
—

 
—

State                                             
 
—

 
—

Total deferred
 
—

 
—

Provision for income taxes
 
$
1,179

 
$
2,955
Schedule of Deferred Tax Assets and Liabilities The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at December 31, 2018 and 2017 (in thousands):
 
 
2018
 
2017
 
 
 
 
 
Deferred tax assets:
 
 
 
 
Net operating loss and capital loss carryforwards and credits
 
$
104,862

 
$
90,871

Unrealized loss on investments held at fair value
 
2,455

 
—

Stock compensation
 
1,365

 
2,635

Fixed assets and intangibles
 
3,330

 
6,197

Basis of investments in affiliates
 
286

 
984

Accrued liabilities and other
 
208

 
167

State taxes
 
26

 
35

Total deferred tax assets
 
112,532

 
100,889

Valuation allowance
 
(112,532
)
 
(90,278
)
Total deferred tax assets, net of valuation allowance
 
—

 
10,611

Deferred tax liabilities:
 
 
 
 
Unrealized gain on investments held at fair value
 
—

 
(10,587
)
Other
 
(18
)
 
(24
)
Total deferred tax liabilities
 
(18
)
 
(10,611
)
Net deferred tax assets (liabilities)
 
$
(18
)
 
$
—
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows:
 
 
2018
 
2017
 
 
 
 
 
Statutory federal tax rate - (benefit) expense
 
21
 %
 
35
 %
State income and foreign taxes, net of federal tax effect
 
(1
)%
 
8
 %
Foreign tax credit
 
—
 %
 
—
 %
Noncontrolling interests in operating subsidiaries
 
—
 %
 
1
 %
Nondeductible permanent items
 
(1
)%
 
3
 %
Change in tax rate
 
—
 %
 
102
 %
Valuation allowance
 
(20
)%
 
(137
)%
 
 
(1
)%
 
12
 %
XML 48 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Compensation [Abstract]  
Schedule of Other Share-based Compensation, Activity [Table Text Block] Compensation expense for the periods presented was comprised of the following:
 
 
2018
 
2017
 
 
 
 
 
Restricted stock awards with time-based service conditions
 
$
460

 
$
1,025

Restricted stock unit awards with time-based service conditions
 
1

 
161

Restricted stock awards with performance-based vesting conditions
 
—

 
121

Stock options with time-based service vesting conditions
 
1,672

 
2,165

Stock options with market-based vesting conditions
 
—

 
2,372

Profits interests units
 
(2,450
)
 
3,041

Total compensation expense
 
$
(317
)
 
$
8,885
Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block] Stock-based award grant activity for the periods presented was as follows:
 
 
2018
 
2017
 
 
Shares
 
Aggregate fair value (in thousands)
 
Shares
 
Aggregate fair value (in thousands)
Restricted stock awards with time-based service conditions
 
102,000

 
$
386

 
—

 
$
—

Stock options with time-based service vesting conditions
 
930,000

 
1,588

 
1,368,000

 
2,930

Total incentive awards granted
 
1,032,000

 
$
1,974

 
1,368,000

 
$
2,930
Stock Options Activity The following table summarizes stock option activity for the Plans for the year ended December 31, 2018:
 
 
 
 
Weighted-Average
 
 
 
 
Options
 
Exercise
Price
 
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2017
 
5,830,000

 
$
5.13

 
 
 
 
Granted
 
930,000

 
$
3.91

 
 
 
 
Exercised
 
(83,000
)
 
$
3.12

 
 
 
 
Expired/forfeited
 
(3,168,000
)
 
$
5.00

 
 
 
 
Outstanding at December 31, 2018
 
3,509,000

 
$
4.96

 
4.1 years
 
$
—

Vested
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—

Exercisable at December 31, 2018
 
2,339,000

 
$
4.82

 
3.2 years
 
$
—
Nonvested Restricted Stock Activity The following table summarizes nonvested restricted share activity for the year ended December 31, 2018:
 
 
Nonvested
Restricted Shares
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock at December 31, 2017
 
123,000

 
$
4.77

Granted
 
102,000

 
$
3.79

Vested
 
(225,000
)
 
$
4.32

Canceled
 
—

 
$
—

Nonvested restricted stock at December 31, 2018
 
—

 
$
—
Restricted Stock Units Activity The following table summarizes restricted stock unit activity for the year ended December 31, 2018:
 
 
Restricted
Stock Units
 
Weighted
Average Grant Date Fair Value
Nonvested restricted stock units outstanding at December 31, 2017
 
2,000

 
$
16.72

Vested
 
(2,000
)
 
$
16.72

Nonvested restricted stock units outstanding at December 31, 2018
 
—

 
$
—

Vested restricted stock units outstanding at December 31, 2018
 
31,000

 
$
15.43
XML 49 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases Minimum annual rental commitments, net of guaranteed sublease income, for operating leases having initial or remaining noncancellable lease terms in excess of one year are as follows (in thousands): 
Years ending December 31,
 
2019
$
599

2020
89

Total minimum lease payments
$
688
Net assets of IP Fund [Table Text Block]


XML 50 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Recent Accounting Pronouncements (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] The cumulative effect of applying the new revenue standard, primarily relating to financing components of contracts executed in prior periods and estimates of variable consideration for sales and usage based royalty agreements executed in prior periods, was as follows (in thousands):
 
 
Balance at December 31, 2017
 
Adjustments Due to ASC 606
 
Balance at January 1, 2018
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
153

 
$
4,542

 
$
4,695

Royalties and contingent legal fees payable
 
1,601

 
1,728

 
3,329

Accumulated deficit
 
(320,018
)
 
2,506

 
(317,512
)
Noncontrolling interests
 
1,358

 
308

 
1,666
Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] The impact of the adoption of the new accounting standard on the condensed consolidated balance sheet and statement of operations was as follows (in thousands):
 
 
December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Balance Sheets:
 
 
 
 
 
 
Accounts receivable
 
$
32,884

 
$
28,500

 
$
4,384

Royalties and contingent legal fees payable
 
22,688

 
20,404

 
2,284

 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
Balance as Reported
 
Balance under Legacy GAAP
 
Effect of Change
Statements of Operations:
 
 
 
 
 
 
Revenues
 
$
131,506

 
$
131,723

 
$
217

Inventor royalties
 
$
35,168

 
$
34,295

 
$
(873
)
Contingent legal fees
 
$
31,501

 
$
32,020

 
$
519
XML 51 R36.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2018
QUARTERLY FINANCIAL DATA (unaudited) [Abstract]  
Quarterly Financial Data The following table sets forth unaudited consolidated statements of operations data for the eight quarters in the period ended December 31, 2018. This information has been derived from Acacia’s unaudited condensed consolidated financial statements that have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the information when read in conjunction with the audited consolidated financial statements and related notes thereto. Acacia’s quarterly results have been, and may in the future be, subject to significant fluctuations. As a result, Acacia believes that results of operations for interim periods should not be relied upon as any indication of the results to be expected in any future periods.
 
 
Quarter Ended
 
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
 
2018
 
2018
 
2018
 
2018
 
2017
 
2017
 
2017
 
2017
 
 
(Unaudited, in thousands, except share and per share information)
Revenues
 
$
62,093

 
$
6,485

 
$
13,725

 
$
49,203

 
$
8,854

 
$
16,457

 
$
36,633

 
$
3,458

Portfolio operations:
 
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 
Inventor royalties
 
21,744

 
1,241

 
1,181

 
11,002

 
666

 
4,273

 
—

 
13

Contingent legal fees
 
15,759

 
1,037

 
2,949

 
11,756

 
627

 
3,236

 
12,173

 
646

Patent acquisition expenses
 
4,000

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Litigation and licensing expenses - patents
 
2,989

 
2,639

 
1,549

 
1,689

 
6,386

 
4,134

 
4,073

 
3,626

Amortization of patents
 
5,330

 
5,278

 
4,952

 
11,560

 
5,515

 
5,571

 
5,625

 
5,443

Impairment of patent-related intangible assets
 
—

 
28,210

 
—

 
—

 
—

 
—

 
2,248

 
—

Other portfolio expenses
 
—

 
—

 
2,202

 
400

 
—

 
—

 
—

 
1,200

Total portfolio operations
 
49,822

 
38,405

 
12,833

 
36,407

 
13,194

 
17,214

 
24,119

 
10,928

Net revenue (loss)
 
12,271

 
(31,920
)
 
892

 
12,796

 
(4,340
)
 
(757
)
 
12,514

 
(7,470
)
General and administrative expenses (including non-cash stock compensation expense)
 
3,301

 
6,916

 
5,855

 
2,778

 
7,236

 
7,167

 
12,956

 
(140
)
Operating income (loss)
 
8,970

 
(38,836
)
 
(4,963
)
 
10,018

 
(11,576
)
 
(7,924
)
 
(442
)
 
(7,330
)
Total other income (expense)
 
(40,890
)
 
10,615

 
(27,595
)
 
(20,988
)
 
696

 
(4,862
)
 
159,027

 
(102,950
)
Income (loss) before provision for income taxes
 
(31,920
)
 
(28,221
)
 
(32,558
)
 
(10,970
)
 
(10,880
)
 
(12,786
)
 
158,585

 
(110,280
)
Provision for income taxes
 
(191
)
 
(285
)
 
(306
)
 
(397
)
 
(1,241
)
 
(1,478
)
 
(216
)
 
(20
)
Net income (loss) including noncontrolling interests
 
(32,111
)
 
(28,506
)
 
(32,864
)
 
(11,367
)
 
(12,121
)
 
(14,264
)
 
158,369

 
(110,300
)
Net (income) loss attributable to noncontrolling interests in subsidiaries
 
73

 
79

 
(331
)
 
(2
)
 
291

 
12

 
96

 
97

Net income (loss) attributable to Acacia Research Corporation
 
$
(32,038
)
 
$
(28,427
)
 
$
(33,195
)
 
$
(11,369
)
 
$
(11,830
)
 
$
(14,252
)
 
$
158,465

 
$
(110,203
)
Net income (loss) per common share attributable to Acacia Research Corporation:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic and diluted income (loss) per share
 
$
(0.63
)
 
$
(0.57
)
 
$
(0.67
)
 
$
(0.23
)
 
$
(0.24
)
 
$
(0.28
)
 
$
3.13

 
$
(2.18
)
Weighted-average number of shares outstanding, basic
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,554,234

 
50,590,460

Weighted-average number of shares outstanding, diluted
 
50,632,958

 
50,061,812

 
49,557,748

 
49,639,172

 
50,333,056

 
50,499,948

 
50,599,974

 
50,590,460
XML 52 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Description of Business (Details) - patents
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Description of Business [Line Items]    
Number of patent portfolios acquired 1 2
XML 53 R38.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Feb. 16, 2017
Debt Securities, Trading $ 33,642,000       $ 0       $ 33,642,000 $ 0  
Paid Up Revenues                 100,496,000 59,020,000  
Cumulative Effect of New Accounting Principle in Period of Adoption 2,814,000               2,814,000    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value 0       104,754,000       0 104,754,000  
Trading Securities, Equity 3,012,000       0       $ 3,012,000 $ 0  
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate                 2.26% 1.77%  
Fair Value Assumptions, Expected Term                 4 years 4 months 13 days 4 years 4 months 13 days  
Fair Value Assumptions, Weighted Average Volatility Rate                 51.00% 51.00%  
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend                 $ 0 $ 0  
Gain on Conversion of Loan and Accrued Interest                 0 2,671,000  
Gain on exercise of Primary Warrant                 0 4,616,000  
Change in fair value of investment                 (59,103,000) 42,239,000  
Realized Investment Gains (Losses)                 (19,095,000)    
Proceeds from Sale of Other Investments                 (19,097,000)    
Investment at Fair Value Purchases and Issues                 (7,459,000)    
Recurring Revenues                 13,040,000 6,382,000  
Payments for Legal Settlements                 3,470,000 0  
Sales proceeds                 14,500,000 0  
Revenues 49,203,000 $ 13,725,000 $ 6,485,000 $ 62,093,000 3,458,000 $ 36,633,000 $ 16,457,000 $ 8,854,000 131,506,000 65,402,000  
Investments at fair value 7,459,000       104,754,000       7,459,000 104,754,000  
Fair Value of Profits Interest (591,000)       3,041,000       (591,000) 3,041,000 $ 722,000
Non-cash stock compensation - profits interest                 $ (2,450,000)    
Minimum [Member]                      
Patents, useful life                 1 year    
Maximum [Member]                      
Patents, useful life                 5 years    
Fair Value, Inputs, Level 1 [Member]                      
Debt Securities, Trading 0               $ 0    
Short-term investments 8,407,000               8,407,000    
Trading Securities, Equity 3,012,000               3,012,000    
Investment warrants 0               0    
Investments at fair value - common stock 5,395,000               5,395,000    
Fair Value of Profits Interest 0       0       0 0  
Fair Value, Inputs, Level 2 [Member]                      
Debt Securities, Trading 33,642,000               33,642,000    
Short-term investments 35,706,000               35,706,000    
Trading Securities, Equity 0               0    
Investment warrants 2,064,000               2,064,000    
Investments at fair value - common stock 0               0    
Investments at fair value         0         0  
Fair Value of Profits Interest 591,000       0       591,000 0  
Fair Value, Inputs, Level 3 [Member]                      
Debt Securities, Trading 0               0    
Short-term investments 0               0    
Trading Securities, Equity 0               0    
Investment warrants 0               0    
Investments at fair value - common stock 0               0    
Investments at fair value         104,754,000         104,754,000  
Fair Value of Profits Interest 0       3,041,000       0 3,041,000  
Warrant [Member]                      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value 0       13,959,000       0 13,959,000  
Change in fair value of investment                 (11,895,000) 8,317,000  
Investment at Fair Value Purchases and Issues                 (2,064,000)    
Common Stock [Member]                      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value $ 0       $ 90,795,000       0 90,795,000  
Change in fair value of investment                 (47,208,000) 33,922,000  
Realized Investment Gains (Losses)                 (19,095,000) $ 0  
Proceeds from Sale of Other Investments                 (19,097,000)    
Investment at Fair Value Purchases and Issues                 $ (5,395,000)    
XML 54 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies Concentrations (Details)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Licensee 1 [Member] | Revenue, Rights Granted [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 45.00% 54.00%
Licensee 1 [Member] | Accounts Receivable [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 38.00% 100.00%
Licensee 2 [Member] | Revenue, Rights Granted [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 17.00% 21.00%
Licensee 2 [Member] | Accounts Receivable [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 36.00%  
Licensee 3 [Member] | Revenue, Rights Granted [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 17.00% 10.00%
Licensee 3 [Member] | Accounts Receivable [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 12.00%  
Licensee 4 [Member] | Accounts Receivable [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 11.00%  
Licensees in foreign jurisdictions [Member] | Revenue, Rights Granted [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 26.00% 39.00%
XML 55 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies Property and Equipment (Details)
 12 Months Ended
Dec. 31, 2018
Furniture and Fixtures [Member] | Minimum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 3
Furniture and Fixtures [Member] | Maximum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 5
Computer Hardware and Software [Member] | Minimum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 3
Computer Hardware and Software [Member] | Maximum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 5
Leasehold Improvements [Member] | Minimum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 2
Leasehold Improvements [Member] | Maximum [Member]  
Property and Equipment [Line Items]  
Estimated useful lives, years 5
XML 56 R41.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies Earnings per share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Accounting Policies [Abstract]                    
Net income (loss) attributable to Acacia Research Corporation $ (11,369) $ (33,195) $ (28,427) $ (32,038) $ (110,203) $ 158,465 $ (14,252) $ (11,830) $ (105,029) $ 22,180
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic                 0 33
Net Loss Available to Common Stockholders, Basic and Diluted                 $ (105,029) $ 22,147
Weighted Average Number of Shares Outstanding, Basic                 49,969,062 50,495,119
Weighted Average Number Diluted Shares Outstanding Adjustment                 0 196,893
Weighted Average Number of Shares Outstanding, Diluted 49,639,172 49,557,748 50,061,812 50,632,958 50,590,460 50,599,974 50,499,948 50,333,056 49,969,062 50,692,012
Earnings Per Share, Basic and Diluted $ (0.23) $ (0.67) $ (0.57) $ (0.63) $ (2.18) $ 3.13 $ (0.28) $ (0.24) $ (2.10) $ 0.44
Anti-dilutive equity-based incentive awards excluded from the computation of diluted income (loss) per share                 3,129,719 4,425,187
XML 57 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Short-term Investments (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]    
Proceeds from Sale of Debt Securities, Available-for-sale $ 65,144,000 $ 467,790,000
Available-for-sale securities, amortized cost 37,032,000  
Available-for-sale securities, gross unrealized gains   45,000
Available-for-sale securities, gross unrealized losses   $ (423,000)
Available-for-sale securities, fair value $ 36,654,000  
XML 58 R43.htm IDEA: XBRL DOCUMENT v3.19.1
Short-term Investments Marketable Securities (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]    
Proceeds from Sale of Debt Securities, Available-for-sale $ 65,144,000 $ 467,790,000
Debt Securities, Trading, Amortized Cost 33,643,000  
Debt Securities, Trading, Unrealized Gain 18,000  
Debt Securities, Trading, Unrealized Loss   19,000
Debt Securities, Trading 33,642,000 0
Available-for-sale Securities, Amortized Cost Basis 37,032,000  
Available-for-sale Securities, Gross Unrealized Gain   45,000
Available-for-sale Securities, Gross Unrealized Loss   423,000
Available-for-sale Securities 36,654,000  
Trading Securities, Equity, Cost 3,389,000  
Trading Securities, Unrealized Holding Gain 27,000  
Trading Securities, Unrealized Holding Loss (404,000)  
Trading Securities, Equity 3,012,000 $ 0
Proceeds from Sale of Available-for-sale Securities, Equity 1,496,000  
Fair Value, Inputs, Level 1 [Member]    
Debt Securities, Available-for-sale [Line Items]    
Debt Securities, Trading 0  
Trading Securities, Equity $ 3,012,000  
XML 59 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Accounts Payable and Accrued Expenses (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]    
Payroll and other employee benefits $ 205 $ 465
Accrued vacation 144 294
Accrued legal expenses - patent 5,974 5,479
Foreign taxes payable 374 15
Accrued consulting and other professional fees 1,241 1,364
Other accrued liabilities 409 339
Accounts payable and accrued expenses $ 8,347 $ 7,956
XML 60 R45.htm IDEA: XBRL DOCUMENT v3.19.1
Patents (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Patents [Line Items]                    
Capitalized patent costs $ 117,970,000       $ 0       $ 117,970,000 $ 0
Patents, net 6,587,000       61,917,000       $ 6,587,000 61,917,000
Patents, weighted average useful life                 4 years  
Accelerated amortization expense (termination)                 $ 8,307,000  
Impairment of Patent-Related Intangible Assets 0 $ 0 $ 28,210,000 $ 0 0 $ 2,248,000 $ 0 $ 0 28,210,000 2,248,000
Accumulated amortization / impairment charges 109,663,000       0       109,663,000 0
Sales proceeds                 $ 14,500,000 0
Minimum [Member]                    
Patents [Line Items]                    
Patents, useful life                 1 year  
Maximum [Member]                    
Patents [Line Items]                    
Patents, useful life                 5 years  
Patents [Member]                    
Patents [Line Items]                    
Gross carrying amount - patents 326,167,000       444,137,000       $ 326,167,000 444,137,000
Accumulated amortization - patents 319,580,000       382,220,000       319,580,000 382,220,000
Patents, net $ 6,587,000       $ 61,917,000       $ 6,587,000 $ 61,917,000
Patents [Member] | Minimum [Member]                    
Patents [Line Items]                    
Patents, useful life                 1 year  
Patents [Member] | Maximum [Member]                    
Patents [Line Items]                    
Patents, useful life                 5 years  
XML 61 R46.htm IDEA: XBRL DOCUMENT v3.19.1
Patents Cost and Accumulated Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Patents [Line Items]    
Capitalized patent costs $ 117,970 $ 0
Accumulated amortization / impairment charges $ 109,663 $ 0
XML 62 R47.htm IDEA: XBRL DOCUMENT v3.19.1
Patents Future Amortization Expense (Details)
Dec. 31, 2018
USD ($)
Patents [Abstract]  
2018 $ 2,559,000
2019 1,671,000
2020 811,000
2021 811,000
2022 $ 735,000
XML 63 R48.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill Impairment Charges (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Goodwill and Patent Impairment Charges [Abstract]    
Assets $ 223,949 $ 308,768
XML 64 R49.htm IDEA: XBRL DOCUMENT v3.19.1
Investments (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
May 17, 2017
Mar. 14, 2017
Aug. 15, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Income (Loss) from Equity Method Investments                 $ 0 $ (220,000)      
Cash Paid for Investment                 6,000,000 2,250,000      
Assets, Current $ 201,472,000       $ 139,695,000       201,472,000 139,695,000      
Revenues 49,203,000 $ 13,725,000 $ 6,485,000 $ 62,093,000 3,458,000 $ 36,633,000 $ 16,457,000 $ 8,854,000 131,506,000 65,402,000      
Gain on Conversion of Loan and Accrued Interest                 0 2,671,000      
Gain on exercise of Primary Warrant                 0 4,616,000      
Change in fair value of investment                 (59,103,000) 42,239,000      
Maximum Investment in Veritone                         $ 50,000,000
Secured Promissory Note Advance                         4,000,000.0
Second Loan Warrant 154,312               154,312        
Secured Convertible Promissory Note                         $ 20,000,000
Interest income and other                 969,000 1,605,000      
Loss on fair value investment net                 (78,198,000) 49,526,000      
Assets 223,949,000       308,768,000       223,949,000 308,768,000      
Liabilities, Current 31,035,000       9,557,000       31,035,000 9,557,000      
Liabilities 32,709,000       13,109,000       32,709,000 13,109,000      
Stockholders' Equity Attributable to Parent $ 189,393,000       $ 294,301,000       $ 189,393,000 $ 294,301,000      
Common stock, shares outstanding 49,639,319       50,639,926       49,639,319 50,639,926      
Debt Instrument, Convertible, Conversion Price                     $ 13.61    
Primary warrant shares                     2,150,335    
Cash paid for primary warrant exercise                     $ 29,300,000    
10% Warrant                     809,400    
Bridge Installment Shares 445,440               445,440        
Bridge Warrant Share                       156,720  
Fair Value Investment - Shares sold                 2,700,000        
Investments at fair value $ 7,459,000       $ 104,754,000       $ 7,459,000 $ 104,754,000      
Equity Method Investment, Ownership Percentage 22.60%               22.60%        
Percentage of ownership, Miso Robotics 30.00%               30.00%        
Maximum [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Sale of Stock, Price Per Share $ 10.44               $ 10.44        
Minimum [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Sale of Stock, Price Per Share $ 4.95               $ 4.95        
Common Stock [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Investment Owned, Balance, Shares 1,419,521               1,419,521   4,119,521    
Investments at fair value $ 5,395,000               $ 5,395,000        
Warrant [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Investment Owned, Balance, Shares                     1,120,432    
Investments at fair value $ 2,064,000               2,064,000        
Veritone Loans [Member] | Veritone [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Common stock, shares outstanding                     1,523,746    
Warrant [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Change in fair value of investment                 (11,895,000) 8,317,000      
Common Stock [Member]                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Change in fair value of investment                 (47,208,000) $ 33,922,000      
Realized Investment Gains (Losses)                 $ 19,100,000        
XML 65 R50.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Feb. 16, 2017
Stockholders Equity [Line Items]      
Stock Repurchased During Period, Shares 1,190,420    
Beneficial Ownership Percentage Limit 4.90%   60.00%
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding $ 0 $ 0  
Treasury Stock Acquired, Average Cost Per Share $ 3.89    
Stock Repurchase Program, Remaining Authorized Repurchase Amount $ 15,366,000    
Stock Repurchase Program Expiration Date Feb. 28, 2019    
Common Stock [Member]      
Stockholders Equity [Line Items]      
Stock Repurchased During Period, Shares (59,800) (8,669)  
Share Repurchase Program [Domain]      
Stockholders Equity [Line Items]      
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding $ 0.001    
Share Price $ 15.00    
XML 66 R51.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Taxes [Line Items]    
Operating loss carryforwards, federal $ 222,861,000  
Operating loss carryforwards, state 19,471,000  
Deferred tax assets, valuation allowance 112,532,000 $ 90,278,000
Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits 104,862,000 $ 90,871,000
Foreign tax credits, additional paid in capital benefit $ 51,508,000  
Effective Income Tax Rate Reconciliation, Percent (1.00%) 12.00%
Effective tax rate excluding valuation allowance 19.00% 47.00%
Deferred Tax Assets, Deferred Income $ 2,455,000  
Deferred Tax Liabilities, Other 10,587,000  
Federal Deferred Tax Asset, Impact of ASU 2016-09 21,350,000  
Deferred Tax Assets, Gross 112,532,000 $ 100,889,000
Deferred Tax Assets, State Taxes 1,559,000  
Unrecognized tax benefits 808,000  
Deferred Tax Asset, Revaluation 25,261,000  
Domestic Tax Authority [Member]    
Income Taxes [Line Items]    
Net operating losses included in deferred tax assets $ 19,952,000  
XML 67 R52.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes Provision for Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Current:                    
Federal                 $ 0 $ 0
State taxes                 87 90
Foreign taxes                 1,092 2,865
Total current                 1,179 2,955
Deferred:                    
Federal                 0 0
State taxes                 0 0
Total deferred                 0 0
(Provision) benefit for income taxes $ 397 $ 306 $ 285 $ 191 $ 20 $ 216 $ 1,478 $ 1,241 $ 1,179 $ 2,955
XML 68 R53.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes Deferred Taxes (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets:    
Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits $ 104,862 $ 90,871
Deferred Tax Assets, Unrealized Loss on Investment 2,455 0
Stock compensation 1,365 2,635
Deferred tax assets intangibles and fixed assets 3,330 6,197
Basis of investments in affiliates 286 984
Accrued liabilities and other 208 167
Deferred Tax Assets, State Taxes 26 35
Total deferred tax assets 112,532 100,889
Deferred tax liabilities:    
Fixed assets and intangibles 0 (10,587)
Other (18) (24)
Deferred Tax Liabilities, Gross (18) (10,611)
Net deferred tax liabilities 18 0
Less: valuation allowance (112,532) (90,278)
Net deferred taxes $ 0 $ 10,611
XML 69 R54.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes Income Tax Rate (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]      
Statutory federal tax rate 21.00% 21.00% 35.00%
State income and foreign taxes, net of federal tax effect   (1.00%) 8.00%
Foreign tax credit   0.00% 0.00%
Noncontrolling interests in operating subsidiaries   0.00% 1.00%
Non deductible permanent items   (1.00%) 3.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent   0.00% (102.00%)
Valuation allowance   (20.00%) (137.00%)
Total   (1.00%) 12.00%
XML 70 R55.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Feb. 16, 2017
Apr. 26, 2016
Share-based Compensation Arrangement by Share-based Payment Award          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value $ 1,918,000 $ 2,009,000      
Non-cash stock compensation $ (317,000) 8,885,000      
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value $ 0        
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value $ 40,000 200,000      
Ownership percent of voting stock 10.00%        
Aggregate intrinsic value of options exercised $ 51,000 296,000      
Weighted average grant date fair value of restricted stock granted $ 3.79        
Number of shares of common stock reserved for issuance 7,938,000        
Beneficial Ownership Percentage Limit 4.90%     60.00%  
Fair Value of Profits Interest $ 591,000 (3,041,000)   $ (722,000)  
Employee Stock Option [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Total unrecognized compensation expense for nonvested awards $ 844,000        
Weighted average period over which unrecognized compensation expense will be recognized 1 year        
Restricted stock awards with time based vesting conditions [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation $ 460,000 $ 1,025,000      
Restricted Stock [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Weighted average grant date fair value of restricted stock granted   $ 3.79 $ 3.12    
Aggregate fair value of restricted stock vested 972,000 $ 1,560,000      
Restricted stock unit awards with time-based vesting conditions [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation 1,000 161,000      
Restricted stock unit awards with performance based vesting conditions [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation 0 121,000      
Stock options with time-based vesting conditions [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation 1,672,000 2,165,000      
Stock options with market-based vesting conditions [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation 0 2,372,000      
Deferred Profit Sharing [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Non-cash stock compensation $ (2,450,000) $ 3,041,000      
2007 Plan [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Number of shares available for grant 0        
2016 Plan [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Aggregate shares available for issuance         4,500,000
Number of shares available for grant 3,689,000        
Discretionary Option Grant Program [Member] | Nonstatutory Options [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Percentage of fair market value on grant date, minimum exercise price 85.00%        
Stock Issuance Program [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Percentage of fair market value on grant date, minimum exercise price 100.00%        
2013 Plan [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Aggregate shares available for issuance         4,750,000
Number of shares available for grant 709,000        
2013 Stock Plan [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Number of shares available for grant         625,390
Less than 10% [Member] | Discretionary Option Grant Program [Member] | Incentive Stock Options [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Percentage of fair market value on grant date, minimum exercise price 100.00%        
10% or More [Member] | Discretionary Option Grant Program [Member] | Incentive Stock Options [Member]          
Share-based Compensation Arrangement by Share-based Payment Award          
Percentage of fair market value on grant date, minimum exercise price 110.00%        
XML 71 R56.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans Stock Options (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross 930,000  
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price $ 3.91  
Outstanding at December 31, 2015 5,830,000  
Exercised (83,000)  
Outstanding at December 31, 2016 3,509,000 5,830,000
Vested 2,339,000  
Exercisable at December 31, 2016 2,339,000  
Outstanding at December 31, 2015, weighted average exercise price $ 5.13  
Exercised, weighted average exercise price 3.12  
Outstanding at December 31, 2016, weighted average exercise price 4.96 $ 5.13
Vested, weighted average exercise price 4.82  
Exercisable, weighted average exercise price $ 4.82  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term 4 years 1 month 6 days  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 3 years 2 months 12 days  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value $ 0  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term 3 years 2 months 12 days  
Outstanding at December 31, 2016, aggregate, intrinsic value $ 0  
Vested, aggregate intrinsic value 0  
Exercisable, aggregate intrinsic value 0  
Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value 1,588,000  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value $ 1,918,000 $ 2,009,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period (3,168,000)  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price $ 5.00  
Employee Stock Option [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition 1 year  
Unrecognized Compensation Expense Options $ 844,000  
XML 72 R57.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans Nonvested Restriced Stock (Details) - $ / shares
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award      
Nonvested at December 31, 2015 123,000    
Granted 102,000    
Vested (225,000)    
Canceled 0    
Nonvested at December 31, 2016 0 123,000  
Nonvested, weighted average grant date fair value at December 31, 2015 $ 4.77    
Granted, weighted average grant date fair value 3.79    
Vested, weighted average grant date fair value 4.32    
Canceled, weighted average grant date fair value 0    
Nonvested, weighted average grant date fair value at December 31, 2016 $ 0 $ 4.77  
Restricted Stock [Member]      
Share-based Compensation Arrangement by Share-based Payment Award      
Granted, weighted average grant date fair value   $ 3.79 $ 3.12
XML 73 R58.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details) - $ / shares
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based Awards, Restricted Stock Units, Vested Oustanding 31,000  
Share-based Compensation Arrangement Restricted Stock Units, Nonvested 0 2,000
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value $ 0 $ 16.72
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period (2,000)  
Granted 102,000  
Nonvested at December 31, 2016 0 123,000
Granted, weighted average grant date fair value $ 3.79  
Vested, weighted average grant date fair value 16.72  
Nonvested, weighted average grant date fair value at December 31, 2016 0 $ 4.77
Vested outstanding, weighted average grant date fair value $ 15.43  
XML 74 R59.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Incentive Plans Schedule of Grants by Type (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 102,000  
Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period 1,032,000,000 1,368,000,000
Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value $ 1,974,000 $ 2,930,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross 930,000  
Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value $ 1,588,000  
Time Based Vesting Conditions [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross 930,000,000 1,368,000,000
Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value $ 1,588,000 $ 2,930,000
Performance Based Vesting Conditions [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 102,000,000 0
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value $ 386,000 $ 0
XML 75 R60.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Rent expense                 $ 1,106,000 $ 1,392,000
Other $ 400,000 $ 2,202,000 $ 0 $ 0 $ 1,200,000 $ 0 $ 0 $ 0 $ 2,602,000 $ 1,200,000
XML 76 R61.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies Operating Leases (Details)
$ in Thousands
Dec. 31, 2018
USD ($)
Year:  
2018 $ 599
2019 89
Total minimum lease payments $ 688
XML 77 R62.htm IDEA: XBRL DOCUMENT v3.19.1
Retirement Savings Plan and Executive Severance Policy Detail (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Retirement Benefits [Abstract]    
Asset Retirement Obligation, Cash Paid to Settle $ 2,458,000 $ 1,421,000
XML 78 R63.htm IDEA: XBRL DOCUMENT v3.19.1
Supplemental Cash Flow Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Supplemental Cash Flow Information [Abstract]    
Cash paid for state income taxes $ 140,000 $ 181,000
Foreign withholding taxes $ 1,093,000 $ 2,865,000
XML 79 R64.htm IDEA: XBRL DOCUMENT v3.19.1
Recent Accounting Pronouncements (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Accounts receivable $ 32,884       $ 153       $ 32,884 $ 153  
Revenues 49,203 $ 13,725 $ 6,485 $ 62,093 3,458 $ 36,633 $ 16,457 $ 8,854 131,506 65,402  
Inventor royalties 11,002 1,181 1,241 21,744 13 0 4,273 666 35,168 4,952  
Contingent legal fees 11,756 $ 2,949 $ 1,037 $ 15,759 646 $ 12,173 $ 3,236 $ 627 31,501 16,682  
Accounts receivable         153         153 $ 4,695
Royalties and contingent legal fees payable 22,688       1,601       22,688 1,601 3,329
Accumulated deficit (422,541)       (320,018)       (422,541) (320,018) (317,512)
Noncontrolling interests         $ 1,358         $ 1,358 1,666
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]                      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Revenues                 217    
Inventor royalties                 (873)    
Contingent legal fees                 519    
Accounts receivable 4,384               4,384    
Royalties and contingent legal fees payable 2,284               2,284    
Calculated under Revenue Guidance in Effect before Topic 606 [Member]                      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Revenues                 131,723    
Inventor royalties                 34,295    
Contingent legal fees                 32,020    
Accounts receivable 28,500               28,500    
Royalties and contingent legal fees payable $ 20,404               $ 20,404    
Adjustments for New Accounting Pronouncement [Member]                      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Accounts receivable                     4,542
Royalties and contingent legal fees payable                     1,728
Accumulated deficit                     2,506
Noncontrolling interests                     $ 308
XML 80 R65.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Transactions (Details)
 12 Months Ended
Dec. 31, 2018
USD ($)
Related Party Transactions [Abstract]  
Related Party Transaction, Expenses from Transactions with Related Party $ 976,000
XML 81 R66.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
QUARTERLY FINANCIAL DATA (unaudited) [Abstract]                    
Revenues $ 49,203 $ 13,725 $ 6,485 $ 62,093 $ 3,458 $ 36,633 $ 16,457 $ 8,854 $ 131,506 $ 65,402
Inventor royalties 11,002 1,181 1,241 21,744 13 0 4,273 666 35,168 4,952
Contingent legal fees 11,756 2,949 1,037 15,759 646 12,173 3,236 627 31,501 16,682
Patent acquisition expenses 0 0 0 4,000 0 0 0 0 4,000 0
Litigation and licensing expenses - patents 1,689 1,549 2,639 2,989 3,626 4,073 4,134 6,386 8,866 18,219
Amortization of patents 11,560 4,952 5,278 5,330 5,443 5,625 5,571 5,515 27,120 22,154
Marketing, general and administrative expenses (including non-cash stock compensation expense) (2,778) (5,855) (6,916) (3,301) 140 (12,956) (7,167) (7,236) (18,850) (27,219)
Impairment of Patent-Related Intangible Assets 0 0 28,210 0 0 2,248 0 0 28,210 2,248
Other 400 2,202 0 0 1,200 0 0 0 2,602 1,200
Total portfolio operations 36,407 12,833 38,405 49,822 10,928 24,119 17,214 13,194    
Operating loss 10,018 (4,963) (38,836) 8,970 (7,330) (442) (7,924) (11,576) (24,811) (27,272)
Net portfolio income (loss) 12,796 892 (31,920) 12,271 (7,470) 12,514 (757) (4,340) (5,961) (53)
Total other income (expense) (20,988) (27,595) 10,615 (40,890) (102,950) 159,027 (4,862) 696 (1,629) 1,000
Income (loss) from operations before (provision for) benefit from income taxes (10,970) (32,558) (28,221) (31,920) (110,280) 158,585 (12,786) (10,880) (103,669) 24,639
(Provision) benefit for income taxes (397) (306) (285) (191) (20) (216) (1,478) (1,241) (1,179) (2,955)
Net income (loss) including noncontrolling interests in subsidiaries (11,367) (32,864) (28,506) (32,111) (110,300) 158,369 (14,264) (12,121) (104,848) 21,684
Net (income) loss attributable to noncontrolling interests in subsidiaries 2 331 (79) (73) (97) (96) (12) (291) 181 (496)
Net income (loss) attributable to Acacia Research Corporation $ (11,369) $ (33,195) $ (28,427) $ (32,038) $ (110,203) $ 158,465 $ (14,252) $ (11,830) $ (105,029) $ 22,180
Earnings Per Share, Basic and Diluted $ (0.23) $ (0.67) $ (0.57) $ (0.63) $ (2.18) $ 3.13 $ (0.28) $ (0.24) $ (2.10) $ 0.44
Weighted Average Number of Shares Outstanding, Basic and Diluted 49,639,172 49,557,748 50,061,812 50,632,958 50,590,460 50,554,234 50,499,948 50,333,056    
Weighted Average Number of Shares Outstanding, Diluted 49,639,172 49,557,748 50,061,812 50,632,958 50,590,460 50,599,974 50,499,948 50,333,056 49,969,062 50,692,012
EXCEL 82 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 83 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 84 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 85 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 134 357 1 false 53 0 false 5 false false R1.htm 0001000 - Document - Document and Entity Information Document Sheet http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument Document and Entity Information Document Cover 1 false false R2.htm 1001000 - Statement - Consolidated Balance Sheets Sheet http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 1001001 - Statement - Consolidated Balance Sheets Parentheticals Sheet http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals Consolidated Balance Sheets Parentheticals Statements 3 false false R4.htm 1002000 - Statement - Consolidated Statements of Operations Sheet http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 1002001 - Statement - Consolidated Statements of Operations Parentheticals Sheet http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals Consolidated Statements of Operations Parentheticals Statements 5 false false R6.htm 1003000 - Statement - Consolidated Statements of Comprehensive Income (Loss) Sheet http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss Consolidated Statements of Comprehensive Income (Loss) Statements 6 false false R7.htm 1004000 - Statement - Consolidated Statements of Stockholders' Equity Sheet http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity Consolidated Statements of Stockholders' Equity Statements 7 false false R8.htm 1005000 - Statement - Consolidated Statements of Cash Flows Sheet http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows Statements 8 false false R9.htm 2101100 - Disclosure - Description of Business Sheet http://www.acaciaresearch.com/role/DescriptionOfBusiness Description of Business Notes 9 false false R10.htm 2102100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 10 false false R11.htm 2104100 - Disclosure - Short-term Investments Sheet http://www.acaciaresearch.com/role/ShortTermInvestments Short-term Investments Notes 11 false false R12.htm 2106100 - Disclosure - Accounts Payable and Accrued Expenses Sheet http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpenses Accounts Payable and Accrued Expenses Notes 12 false false R13.htm 2108100 - Disclosure - Patents Sheet http://www.acaciaresearch.com/role/Patents Patents Notes 13 false false R14.htm 2113100 - Disclosure - Investments (Notes) Notes http://www.acaciaresearch.com/role/InvestmentsNotes Investments (Notes) Notes 14 false false R15.htm 2114100 - Disclosure - Stockholders' Equity Sheet http://www.acaciaresearch.com/role/StockholdersEquity Stockholders' Equity Notes 15 false false R16.htm 2115100 - Disclosure - Income Taxes Sheet http://www.acaciaresearch.com/role/IncomeTaxes Income Taxes Notes 16 false false R17.htm 2116100 - Disclosure - Stock-Based Incentive Plans Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlans Stock-Based Incentive Plans Notes 17 false false R18.htm 2117100 - Disclosure - Commitments and Contingencies Sheet http://www.acaciaresearch.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 18 false false R19.htm 2118100 - Disclosure - Retirement Savings Plan and Executive Severance Policy Sheet http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicy Retirement Savings Plan and Executive Severance Policy Notes 19 false false R20.htm 2119100 - Disclosure - Supplemental Cash Flow Information Sheet http://www.acaciaresearch.com/role/SupplementalCashFlowInformation Supplemental Cash Flow Information Notes 20 false false R21.htm 2120100 - Disclosure - Recent Accounting Pronouncements (Notes) Notes http://www.acaciaresearch.com/role/RecentAccountingPronouncementsNotes Recent Accounting Pronouncements (Notes) Notes 21 false false R22.htm 2121100 - Disclosure - Fair Value Disclosures (Notes) Notes http://www.acaciaresearch.com/role/FairValueDisclosuresNotes Fair Value Disclosures (Notes) Notes 22 false false R23.htm 2122100 - Disclosure - Related Party Transactions (Notes) Notes http://www.acaciaresearch.com/role/RelatedPartyTransactionsNotes Related Party Transactions (Notes) Notes 23 false false R24.htm 2123100 - Disclosure - Quarterly Financial Data Sheet http://www.acaciaresearch.com/role/QuarterlyFinancialData Quarterly Financial Data Notes 24 false false R25.htm 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPolicies 25 false false R26.htm 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPolicies 26 false false R27.htm 2304301 - Disclosure - Short-term Investments (Tables) Sheet http://www.acaciaresearch.com/role/ShortTermInvestmentsTables Short-term Investments (Tables) Tables http://www.acaciaresearch.com/role/ShortTermInvestments 27 false false R28.htm 2306301 - Disclosure - Accounts Payable and Accrued Expenses (Tables) Sheet http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesTables Accounts Payable and Accrued Expenses (Tables) Tables http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpenses 28 false false R29.htm 2308301 - Disclosure - Patents (Tables) Sheet http://www.acaciaresearch.com/role/PatentsTables Patents (Tables) Tables http://www.acaciaresearch.com/role/Patents 29 false false R30.htm 2313301 - Disclosure - Investments (Tables) Sheet http://www.acaciaresearch.com/role/InvestmentsTables Investments (Tables) Tables http://www.acaciaresearch.com/role/InvestmentsNotes 30 false false R31.htm 2314301 - Disclosure - Stockholders' Equity (Tables) Sheet http://www.acaciaresearch.com/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://www.acaciaresearch.com/role/StockholdersEquity 31 false false R32.htm 2315301 - Disclosure - Income Taxes (Tables) Sheet http://www.acaciaresearch.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://www.acaciaresearch.com/role/IncomeTaxes 32 false false R33.htm 2316301 - Disclosure - Stock-Based Incentive Plans (Tables) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables Stock-Based Incentive Plans (Tables) Tables http://www.acaciaresearch.com/role/StockBasedIncentivePlans 33 false false R34.htm 2317301 - Disclosure - Commitments and Contingencies (Tables) Sheet http://www.acaciaresearch.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://www.acaciaresearch.com/role/CommitmentsAndContingencies 34 false false R35.htm 2320301 - Disclosure - Recent Accounting Pronouncements (Tables) Sheet http://www.acaciaresearch.com/role/RecentAccountingPronouncementsTables Recent Accounting Pronouncements (Tables) Tables http://www.acaciaresearch.com/role/RecentAccountingPronouncementsNotes 35 false false R36.htm 2323301 - Disclosure - Quarterly Financial Data (Tables) Sheet http://www.acaciaresearch.com/role/QuarterlyFinancialDataTables Quarterly Financial Data (Tables) Tables http://www.acaciaresearch.com/role/QuarterlyFinancialData 36 false false R37.htm 2401401 - Disclosure - Description of Business (Details) Sheet http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails Description of Business (Details) Details http://www.acaciaresearch.com/role/DescriptionOfBusiness 37 false false R38.htm 2402403 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables 38 false false R39.htm 2402404 - Disclosure - Summary of Significant Accounting Policies Concentrations (Details) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails Summary of Significant Accounting Policies Concentrations (Details) Details 39 false false R40.htm 2402405 - Disclosure - Summary of Significant Accounting Policies Property and Equipment (Details) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails Summary of Significant Accounting Policies Property and Equipment (Details) Details 40 false false R41.htm 2402406 - Disclosure - Summary of Significant Accounting Policies Earnings per share (Details) Sheet http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails Summary of Significant Accounting Policies Earnings per share (Details) Details 41 false false R42.htm 2404402 - Disclosure - Short-term Investments (Details) Sheet http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails Short-term Investments (Details) Details http://www.acaciaresearch.com/role/ShortTermInvestmentsTables 42 false false R43.htm 2404403 - Disclosure - Short-term Investments Marketable Securities (Details) Sheet http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails Short-term Investments Marketable Securities (Details) Details 43 false false R44.htm 2406402 - Disclosure - Accounts Payable and Accrued Expenses (Details) Sheet http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails Accounts Payable and Accrued Expenses (Details) Details http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesTables 44 false false R45.htm 2408402 - Disclosure - Patents (Details) Sheet http://www.acaciaresearch.com/role/PatentsDetails Patents (Details) Details http://www.acaciaresearch.com/role/PatentsTables 45 false false R46.htm 2408403 - Disclosure - Patents Cost and Accumulated Amortization (Details) Sheet http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails Patents Cost and Accumulated Amortization (Details) Details 46 false false R47.htm 2408404 - Disclosure - Patents Future Amortization Expense (Details) Sheet http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails Patents Future Amortization Expense (Details) Details 47 false false R48.htm 2412402 - Disclosure - Goodwill Impairment Charges (Details) Sheet http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails Goodwill Impairment Charges (Details) Details 48 false false R49.htm 2413402 - Disclosure - Investments (Details) Sheet http://www.acaciaresearch.com/role/InvestmentsDetails Investments (Details) Details http://www.acaciaresearch.com/role/InvestmentsTables 49 false false R50.htm 2414402 - Disclosure - Stockholders' Equity (Details) Sheet http://www.acaciaresearch.com/role/StockholdersEquityDetails Stockholders' Equity (Details) Details http://www.acaciaresearch.com/role/StockholdersEquityTables 50 false false R51.htm 2415402 - Disclosure - Income Taxes (Details) Sheet http://www.acaciaresearch.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://www.acaciaresearch.com/role/IncomeTaxesTables 51 false false R52.htm 2415403 - Disclosure - Income Taxes Provision for Taxes (Details) Sheet http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails Income Taxes Provision for Taxes (Details) Details 52 false false R53.htm 2415404 - Disclosure - Income Taxes Deferred Taxes (Details) Sheet http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails Income Taxes Deferred Taxes (Details) Details 53 false false R54.htm 2415405 - Disclosure - Income Taxes Income Tax Rate (Details) Sheet http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails Income Taxes Income Tax Rate (Details) Details 54 false false R55.htm 2416402 - Disclosure - Stock-Based Incentive Plans (Details) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails Stock-Based Incentive Plans (Details) Details http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables 55 false false R56.htm 2416403 - Disclosure - Stock-Based Incentive Plans Stock Options (Details) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails Stock-Based Incentive Plans Stock Options (Details) Details 56 false false R57.htm 2416404 - Disclosure - Stock-Based Incentive Plans Nonvested Restriced Stock (Details) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails Stock-Based Incentive Plans Nonvested Restriced Stock (Details) Details 57 false false R58.htm 2416405 - Disclosure - Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details) Details 58 false false R59.htm 2416406 - Disclosure - Stock-Based Incentive Plans Schedule of Grants by Type (Details) Sheet http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails Stock-Based Incentive Plans Schedule of Grants by Type (Details) Details 59 false false R60.htm 2417402 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://www.acaciaresearch.com/role/CommitmentsAndContingenciesTables 60 false false R61.htm 2417403 - Disclosure - Commitments and Contingencies Operating Leases (Details) Sheet http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails Commitments and Contingencies Operating Leases (Details) Details 61 false false R62.htm 2418401 - Disclosure - Retirement Savings Plan and Executive Severance Policy Detail (Details) Sheet http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicyDetailDetails Retirement Savings Plan and Executive Severance Policy Detail (Details) Details http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicy 62 false false R63.htm 2419401 - Disclosure - Supplemental Cash Flow Information (Details) Sheet http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails Supplemental Cash Flow Information (Details) Details http://www.acaciaresearch.com/role/SupplementalCashFlowInformation 63 false false R64.htm 2420402 - Disclosure - Recent Accounting Pronouncements (Details) Sheet http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails Recent Accounting Pronouncements (Details) Details http://www.acaciaresearch.com/role/RecentAccountingPronouncementsTables 64 false false R65.htm 2422402 - Disclosure - Related Party Transactions (Details) Sheet http://www.acaciaresearch.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.acaciaresearch.com/role/RelatedPartyTransactionsNotes 65 false false R66.htm 2423402 - Disclosure - Quarterly Financial Data (Details) Sheet http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails Quarterly Financial Data (Details) Details http://www.acaciaresearch.com/role/QuarterlyFinancialDataTables 66 false false All Reports Book All Reports actg2018123110-k.htm actg-20181231.xsd actg-20181231_cal.xml actg-20181231_def.xml actg-20181231_lab.xml actg-20181231_pre.xml actgex211123118.htm actgex231123118.htm actgex311123118.htm actgex312123118.htm actgex321123118.htm actgex322123118.htm actgex41123118.htm acaciaresearchcorp08.jpg http://xbrl.sec.gov/invest/2013-01-31 http://fasb.org/srt/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true JSON 88 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "actg2018123110-k.htm": { "axisCustom": 2, "axisStandard": 14, "contextCount": 134, "dts": { "calculationLink": { "local": [ "actg-20181231_cal.xml" ] }, "definitionLink": { "local": [ "actg-20181231_def.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-eedm1-def-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-eedm-def-2018-01-31.xml" ] }, "inline": { "local": [ "actg2018123110-k.htm" ] }, "labelLink": { "local": [ "actg-20181231_lab.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-doc-2018-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-doc-2018-01-31.xml" ] }, "presentationLink": { "local": [ "actg-20181231_pre.xml" ] }, "referenceLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-ref-2018-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-ref-2018-01-31.xml" ] }, "schema": { "local": [ "actg-20181231.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-roles-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-types-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-parts-codification-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-roles-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-types-2018-01-31.xsd", "http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd", "https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" ] } }, "elementCount": 675, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2018-01-31": 27, "http://xbrl.sec.gov/dei/2018-01-31": 17, "total": 44 }, "keyCustom": 85, "keyStandard": 272, "memberCustom": 25, "memberStandard": 25, "nsprefix": "actg", "nsuri": "http://www.acaciaresearch.com/20181231", "report": { "R1": { "firstAnchor": null, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information Document", "role": "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument", "shortName": "Document and Entity Information Document", "subGroupType": "", "uniqueAnchor": null }, "R10": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2102100 - Disclosure - Summary of Significant Accounting Policies", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPolicies", "shortName": "Summary of Significant Accounting Policies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2104100 - Disclosure - Short-term Investments", "role": "http://www.acaciaresearch.com/role/ShortTermInvestments", "shortName": "Short-term Investments", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2106100 - Disclosure - Accounts Payable and Accrued Expenses", "role": "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpenses", "shortName": "Accounts Payable and Accrued Expenses", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2108100 - Disclosure - Patents", "role": "http://www.acaciaresearch.com/role/Patents", "shortName": "Patents", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CostAndEquityMethodInvestmentsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2113100 - Disclosure - Investments (Notes)", "role": "http://www.acaciaresearch.com/role/InvestmentsNotes", "shortName": "Investments (Notes)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CostAndEquityMethodInvestmentsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2114100 - Disclosure - Stockholders' Equity", "role": "http://www.acaciaresearch.com/role/StockholdersEquity", "shortName": "Stockholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Income Taxes", "role": "http://www.acaciaresearch.com/role/IncomeTaxes", "shortName": "Income Taxes", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Stock-Based Incentive Plans", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlans", "shortName": "Stock-Based Incentive Plans", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2117100 - Disclosure - Commitments and Contingencies", "role": "http://www.acaciaresearch.com/role/CommitmentsAndContingencies", "shortName": "Commitments and Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2118100 - Disclosure - Retirement Savings Plan and Executive Severance Policy", "role": "http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicy", "shortName": "Retirement Savings Plan and Executive Severance Policy", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001000 - Statement - Consolidated Balance Sheets", "role": "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "shortName": "Consolidated Balance Sheets", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:PrepaidExpenseAndOtherAssetsCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2017Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CashFlowSupplementalDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2119100 - Disclosure - Supplemental Cash Flow Information", "role": "http://www.acaciaresearch.com/role/SupplementalCashFlowInformation", "shortName": "Supplemental Cash Flow Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2017Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CashFlowSupplementalDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2120100 - Disclosure - Recent Accounting Pronouncements (Notes)", "role": "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsNotes", "shortName": "Recent Accounting Pronouncements (Notes)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2121100 - Disclosure - Fair Value Disclosures (Notes)", "role": "http://www.acaciaresearch.com/role/FairValueDisclosuresNotes", "shortName": "Fair Value Disclosures (Notes)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2122100 - Disclosure - Related Party Transactions (Notes)", "role": "http://www.acaciaresearch.com/role/RelatedPartyTransactionsNotes", "shortName": "Related Party Transactions (Notes)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2123100 - Disclosure - Quarterly Financial Data", "role": "http://www.acaciaresearch.com/role/QuarterlyFinancialData", "shortName": "Quarterly Financial Data", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R25": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FiscalPeriod", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2202201 - Disclosure - Summary of Significant Accounting Policies (Policies)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies", "shortName": "Summary of Significant Accounting Policies (Policies)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FiscalPeriod", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisaggregationOfRevenueTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2302302 - Disclosure - Summary of Significant Accounting Policies (Tables)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables", "shortName": "Summary of Significant Accounting Policies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisaggregationOfRevenueTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2304301 - Disclosure - Short-term Investments (Tables)", "role": "http://www.acaciaresearch.com/role/ShortTermInvestmentsTables", "shortName": "Short-term Investments (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2306301 - Disclosure - Accounts Payable and Accrued Expenses (Tables)", "role": "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesTables", "shortName": "Accounts Payable and Accrued Expenses (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R29": { "firstAnchor": { "ancestors": [ "span", "div", "us-gaap:IntangibleAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "actg:PatentsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2308301 - Disclosure - Patents (Tables)", "role": "http://www.acaciaresearch.com/role/PatentsTables", "shortName": "Patents (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "us-gaap:IntangibleAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "actg:PatentsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R3": { "firstAnchor": null, "groupType": "statement", "isDefault": "false", "longName": "1001001 - Statement - Consolidated Balance Sheets Parentheticals", "role": "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "shortName": "Consolidated Balance Sheets Parentheticals", "subGroupType": "parenthetical", "uniqueAnchor": null }, "R30": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2313301 - Disclosure - Investments (Tables)", "role": "http://www.acaciaresearch.com/role/InvestmentsTables", "shortName": "Investments (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfRepurchaseAgreements", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2314301 - Disclosure - Stockholders' Equity (Tables)", "role": "http://www.acaciaresearch.com/role/StockholdersEquityTables", "shortName": "Stockholders' Equity (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfRepurchaseAgreements", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R32": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2315301 - Disclosure - Income Taxes (Tables)", "role": "http://www.acaciaresearch.com/role/IncomeTaxesTables", "shortName": "Income Taxes (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherShareBasedCompensationActivityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Stock-Based Incentive Plans (Tables)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables", "shortName": "Stock-Based Incentive Plans (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherShareBasedCompensationActivityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2317301 - Disclosure - Commitments and Contingencies (Tables)", "role": "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesTables", "shortName": "Commitments and Contingencies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2320301 - Disclosure - Recent Accounting Pronouncements (Tables)", "role": "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsTables", "shortName": "Recent Accounting Pronouncements (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2323301 - Disclosure - Quarterly Financial Data (Tables)", "role": "http://www.acaciaresearch.com/role/QuarterlyFinancialDataTables", "shortName": "Quarterly Financial Data (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R37": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2017Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "actg:Numberofpatentportfoliosacquired", "reportCount": 1, "unique": true, "unitRef": "Patents", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401401 - Disclosure - Description of Business (Details)", "role": "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails", "shortName": "Description of Business (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2017Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "actg:Numberofpatentportfoliosacquired", "reportCount": 1, "unique": true, "unitRef": "Patents", "xsiNil": "false" } }, "R38": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:TradingSecuritiesDebt", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402403 - Disclosure - Summary of Significant Accounting Policies (Details)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails", "shortName": "Summary of Significant Accounting Policies (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "actg:PaidUpRevenues", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R39": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD_us-gaap_ConcentrationRiskByBenchmarkAxis_us-gaap_RevenueRightsGrantedMember_us-gaap_ConcentrationRiskByTypeAxis_actg_Licensee1Member", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:ConcentrationRiskPercentage1", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402404 - Disclosure - Summary of Significant Accounting Policies Concentrations (Details)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails", "shortName": "Summary of Significant Accounting Policies Concentrations (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD_us-gaap_ConcentrationRiskByBenchmarkAxis_us-gaap_RevenueRightsGrantedMember_us-gaap_ConcentrationRiskByTypeAxis_actg_Licensee1Member", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:ConcentrationRiskPercentage1", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" } }, "R4": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1002000 - Statement - Consolidated Statements of Operations", "role": "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "shortName": "Consolidated Statements of Operations", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "actg:TotalPortfolioOperations", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R40": { "firstAnchor": null, "groupType": "disclosure", "isDefault": "false", "longName": "2402405 - Disclosure - Summary of Significant Accounting Policies Property and Equipment (Details)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "shortName": "Summary of Significant Accounting Policies Property and Equipment (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R41": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402406 - Disclosure - Summary of Significant Accounting Policies Earnings per share (Details)", "role": "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails", "shortName": "Summary of Significant Accounting Policies Earnings per share (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R42": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404402 - Disclosure - Short-term Investments (Details)", "role": "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "shortName": "Short-term Investments (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R43": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404403 - Disclosure - Short-term Investments Marketable Securities (Details)", "role": "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "shortName": "Short-term Investments Marketable Securities (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:TradingSecuritiesDebtAmortizedCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R44": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:EmployeeRelatedLiabilitiesCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406402 - Disclosure - Accounts Payable and Accrued Expenses (Details)", "role": "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails", "shortName": "Accounts Payable and Accrued Expenses (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:EmployeeRelatedLiabilitiesCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R45": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "actg:PatentCostDisposals", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408402 - Disclosure - Patents (Details)", "role": "http://www.acaciaresearch.com/role/PatentsDetails", "shortName": "Patents (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:IntangibleAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "lang": "en-US", "name": "us-gaap:AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R46": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "actg:PatentCostDisposals", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408403 - Disclosure - Patents Cost and Accumulated Amortization (Details)", "role": "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "shortName": "Patents Cost and Accumulated Amortization (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R47": { "firstAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:IntangibleAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408404 - Disclosure - Patents Future Amortization Expense (Details)", "role": "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails", "shortName": "Patents Future Amortization Expense (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:IntangibleAssetsDisclosureTextBlock", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R48": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Assets", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412402 - Disclosure - Goodwill Impairment Charges (Details)", "role": "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails", "shortName": "Goodwill Impairment Charges (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R49": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeLossFromEquityMethodInvestments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413402 - Disclosure - Investments (Details)", "role": "http://www.acaciaresearch.com/role/InvestmentsDetails", "shortName": "Investments (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "lang": null, "name": "actg:CashPaidforInvestment", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensation", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1002001 - Statement - Consolidated Statements of Operations Parentheticals", "role": "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals", "shortName": "Consolidated Statements of Operations Parentheticals", "subGroupType": "parenthetical", "uniqueAnchor": null }, "R50": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:StockRepurchasedDuringPeriodShares", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414402 - Disclosure - Stockholders' Equity (Details)", "role": "http://www.acaciaresearch.com/role/StockholdersEquityDetails", "shortName": "Stockholders' Equity (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "2", "lang": null, "name": "us-gaap:TreasuryStockAcquiredAverageCostPerShare", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R51": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "actg:OperatingLossCarryforwardsFederal", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415402 - Disclosure - Income Taxes (Details)", "role": "http://www.acaciaresearch.com/role/IncomeTaxesDetails", "shortName": "Income Taxes (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "actg:OperatingLossCarryforwardsFederal", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R52": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415403 - Disclosure - Income Taxes Provision for Taxes (Details)", "role": "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails", "shortName": "Income Taxes Provision for Taxes (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R53": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "actg:DeferredTaxAssetOperatingAndCapitalLossCarryforwardsAndCredits", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415404 - Disclosure - Income Taxes Deferred Taxes (Details)", "role": "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails", "shortName": "Income Taxes Deferred Taxes (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "actg:DeferredTaxAssetsUnrealizedLossonInvestment", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R54": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q1QTD", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415405 - Disclosure - Income Taxes Income Tax Rate (Details)", "role": "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails", "shortName": "Income Taxes Income Tax Rate (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q1QTD", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" } }, "R55": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Stock-Based Incentive Plans (Details)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "shortName": "Stock-Based Incentive Plans (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "2", "lang": null, "name": "actg:SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsGrantsinPeriodWeightedAverageGrantDateFairValue", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R56": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Stock-Based Incentive Plans Stock Options (Details)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails", "shortName": "Stock-Based Incentive Plans Stock Options (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "2", "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R57": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2017Q4", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416404 - Disclosure - Stock-Based Incentive Plans Nonvested Restriced Stock (Details)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "shortName": "Stock-Based Incentive Plans Nonvested Restriced Stock (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R58": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "actg:SharebasedAwardsRestrictedStockUnitsVestedOustanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416405 - Disclosure - Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "shortName": "Stock-Based Incentive Plans Nonvested Restricted Stock Units (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "actg:SharebasedAwardsRestrictedStockUnitsVestedOustanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R59": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416406 - Disclosure - Stock-Based Incentive Plans Schedule of Grants by Type (Details)", "role": "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "shortName": "Stock-Based Incentive Plans Schedule of Grants by Type (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "actg:SharebasedCompensationArrangementbySharebasedPaymentAwardTotalGrantsDuringthePeriod", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003000 - Statement - Consolidated Statements of Comprehensive Income (Loss)", "role": "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss", "shortName": "Consolidated Statements of Comprehensive Income (Loss)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R60": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:LeaseAndRentalExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417402 - Disclosure - Commitments and Contingencies (Details)", "role": "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "shortName": "Commitments and Contingencies (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:LeaseAndRentalExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R61": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417403 - Disclosure - Commitments and Contingencies Operating Leases (Details)", "role": "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails", "shortName": "Commitments and Contingencies Operating Leases (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R62": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:SeveranceCosts1", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2418401 - Disclosure - Retirement Savings Plan and Executive Severance Policy Detail (Details)", "role": "http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicyDetailDetails", "shortName": "Retirement Savings Plan and Executive Severance Policy Detail (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:SeveranceCosts1", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R63": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "actg:CashPaidForStateIncomeTaxes", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2419401 - Disclosure - Supplemental Cash Flow Information (Details)", "role": "http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails", "shortName": "Supplemental Cash Flow Information (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "actg:CashPaidForStateIncomeTaxes", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R64": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AccountsReceivableNetCurrent", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2420402 - Disclosure - Recent Accounting Pronouncements (Details)", "role": "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails", "shortName": "Recent Accounting Pronouncements (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "I2018Q1", "decimals": "-3", "lang": null, "name": "us-gaap:AccountsReceivableNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R65": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2422402 - Disclosure - Related Party Transactions (Details)", "role": "http://www.acaciaresearch.com/role/RelatedPartyTransactionsDetails", "shortName": "Related Party Transactions (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R66": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2423402 - Disclosure - Quarterly Financial Data (Details)", "role": "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "shortName": "Quarterly Financial Data (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4QTD", "decimals": "-3", "lang": null, "name": "actg:Patentacquisitionexpenses", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2016Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1004000 - Statement - Consolidated Statements of Stockholders' Equity", "role": "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "shortName": "Consolidated Statements of Stockholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FI2016Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005000 - Statement - Consolidated Statements of Cash Flows", "role": "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "shortName": "Consolidated Statements of Cash Flows", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:LossOnSaleOfInvestments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2101100 - Disclosure - Description of Business", "role": "http://www.acaciaresearch.com/role/DescriptionOfBusiness", "shortName": "Description of Business", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "actg2018123110-k.htm", "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 53, "tag": { "actg_A10OrMoreMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "10% or More [Member]", "label": "10% or More [Member]", "terseLabel": "10% or More [Member]" } } }, "localname": "A10OrMoreMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_A10Warrant": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "10% Warrant", "label": "10% Warrant", "terseLabel": "10% Warrant" } } }, "localname": "A10Warrant", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_A1stLoanWarrantConditionProceedsfromPrivateFinancing": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "1st Loan Warrant Condition: Proceeds from Private Financing", "label": "1st Loan Warrant Condition: Proceeds from Private Financing", "terseLabel": "1st Loan Warrant Condition: Proceeds from Private Financing" } } }, "localname": "A1stLoanWarrantConditionProceedsfromPrivateFinancing", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_A2002StockPlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2002 Stock Plan [Member]", "label": "2002 Stock Plan [Member]", "terseLabel": "2002 Stock Plan [Member]" } } }, "localname": "A2002StockPlanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_A2007PlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2007 Plan [Member]", "label": "2007 Plan [Member]", "terseLabel": "2007 Plan [Member]" } } }, "localname": "A2007PlanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_A2013PlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2013 Plan [Member]", "label": "2013 Plan [Member]", "terseLabel": "2013 Plan [Member]" } } }, "localname": "A2013PlanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_A2013StockPlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2013 Stock Plan [Member]", "label": "2013 Stock Plan [Member]", "terseLabel": "2013 Stock Plan [Member]" } } }, "localname": "A2013StockPlanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "domainItemType" }, "actg_A2016PlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2016 Plan [Member]", "label": "2016 Plan [Member]", "terseLabel": "2016 Plan [Member]" } } }, "localname": "A2016PlanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_AcceleratedAmortizationExpense": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Accelerated amortization expense", "label": "Accelerated amortization expense", "terseLabel": "Accelerated amortization expense" } } }, "localname": "AcceleratedAmortizationExpense", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_Acceleratedamortizationexpenseterminationsale": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Accelerated amortization expense (termination/sale)", "label": "Accelerated amortization expense (termination/sale)", "terseLabel": "Accelerated amortization expense (termination)" } } }, "localname": "Acceleratedamortizationexpenseterminationsale", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_Accrualforcourtorderedattorneysfees": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 6.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accrual for court ordered attorneys fees", "label": "Accrual for court ordered attorneys fees", "terseLabel": "Accrual for court ordered attorneys fees" } } }, "localname": "Accrualforcourtorderedattorneysfees", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "actg_AccruedLegalExpensesPatent": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 3.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accrued Legal Expenses - Patent", "label": "Accrued Legal Expenses - Patent", "terseLabel": "Accrued legal expenses - patent" } } }, "localname": "AccruedLegalExpensesPatent", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "actg_AccruedPatentAcquisitionRelatedPayments": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accrued Patent Acquisition Related Payments", "label": "Accrued Patent Acquisition Related Payments", "terseLabel": "Accrued patent acquisition related payments" } } }, "localname": "AccruedPatentAcquisitionRelatedPayments", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_AccruedPatentAcquisitionRelatedPaymentsCurrent": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accrued Patent Acquisition Related Payments, Current", "label": "Accrued Patent Acquisition Related Payments, Current", "terseLabel": "Accrued patent investment costs" } } }, "localname": "AccruedPatentAcquisitionRelatedPaymentsCurrent", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "actg_AccumulatedAmortizationDisposals": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated amortization, disposals", "label": "Accumulated amortization, disposals", "terseLabel": "Accumulated amortization / impairment charges" } } }, "localname": "AccumulatedAmortizationDisposals", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_AcquiredFiniteLivedIntangibleAssetUsefulLife": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Acquired Finite Lived Intangible Asset, Useful Life", "label": "Acquired Finite Lived Intangible Asset, Useful Life", "terseLabel": "Acquired Finite Lived Intangible Asset, Useful Life" } } }, "localname": "AcquiredFiniteLivedIntangibleAssetUsefulLife", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "durationItemType" }, "actg_AdaptixIncMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "ADAPTIX, Inc. [Member]", "label": "ADAPTIX, Inc. [Member]", "terseLabel": "ADAPTIX, Inc. [Member]" } } }, "localname": "AdaptixIncMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "domainItemType" }, "actg_BeneficialOwnershipPercentageLimit": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Beneficial Ownership Percentage Limit", "label": "Beneficial Ownership Percentage Limit", "terseLabel": "Beneficial Ownership Percentage Limit" } } }, "localname": "BeneficialOwnershipPercentageLimit", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "percentItemType" }, "actg_BlackScholesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Black Scholes [Member]", "label": "Black Scholes [Member]", "terseLabel": "Black Scholes [Member]" } } }, "localname": "BlackScholesMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_BridgeInstallmentShares": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Bridge Installment Shares", "label": "Bridge Installment Shares", "terseLabel": "Bridge Installment Shares" } } }, "localname": "BridgeInstallmentShares", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_BridgeWarrantShare": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Bridge Warrant Share", "label": "Bridge Warrant Share", "terseLabel": "Bridge Warrant Share" } } }, "localname": "BridgeWarrantShare", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_Bridgeloanstatedinterestrate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Bridge loan stated interest rate", "label": "Bridge loan stated interest rate", "terseLabel": "Bridge loan stated interest rate" } } }, "localname": "Bridgeloanstatedinterestrate", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "actg_CapitalLossCarryforwardRelatedToBusinessAcquisitionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Capital Loss Carryforward Related to Business Acquisition [Member]", "label": "Capital Loss Carryforward Related to Business Acquisition [Member]", "terseLabel": "Capital Loss Carryforward Related to Business Acquisition [Member]" } } }, "localname": "CapitalLossCarryforwardRelatedToBusinessAcquisitionMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "actg_Capitallosscarryovers": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Capital loss carryovers", "label": "Capital loss carryovers", "terseLabel": "Capital loss carryovers" } } }, "localname": "Capitallosscarryovers", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_CashPaidForStateIncomeTaxes": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cash paid for state income taxes during the period.", "label": "Cash paid for state income taxes", "terseLabel": "Cash paid for state income taxes" } } }, "localname": "CashPaidForStateIncomeTaxes", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails" ], "xbrltype": "monetaryItemType" }, "actg_CashPaidforInvestment": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Cash Paid for Investment", "label": "Cash Paid for Investment", "terseLabel": "Cash Paid for Investment" } } }, "localname": "CashPaidforInvestment", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_Cashpaidforprimarywarrantexercise": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Cash paid for primary warrant exercise", "label": "Cash paid for primary warrant exercise", "terseLabel": "Cash paid for primary warrant exercise" } } }, "localname": "Cashpaidforprimarywarrantexercise", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_Changeinfairvalueofinvestment": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Change in fair value of investment", "label": "Change in fair value of investment", "negatedTerseLabel": "Change in fair value of investment", "terseLabel": "Change in fair value of investment" } } }, "localname": "Changeinfairvalueofinvestment", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Changeinfairvalueofwarrants": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Change in fair value of warrants", "label": "Change in fair value of warrants", "terseLabel": "Change in fair value of warrants" } } }, "localname": "Changeinfairvalueofwarrants", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Commonstockdividendsdeclaredquarterly": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Common stock dividends declared, quarterly", "label": "Common stock dividends declared, quarterly", "terseLabel": "Common stock dividends declared, quarterly" } } }, "localname": "Commonstockdividendsdeclaredquarterly", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "perShareItemType" }, "actg_ComputerHardwareAndSoftwareMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Computer Hardware and Software [Member]", "label": "Computer Hardware and Software [Member]", "terseLabel": "Computer Hardware and Software [Member]" } } }, "localname": "ComputerHardwareAndSoftwareMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "actg_ContingentLegalFees": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Contingent legal fees paid or payable to external counsel.", "label": "Contingent legal fees", "terseLabel": "Contingent legal fees" } } }, "localname": "ContingentLegalFees", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "actg_ContingentliabilitiesPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Contingent liabilities [Policy Text Block]", "label": "Contingent liabilities [Policy Text Block]", "terseLabel": "Contingent liabilities [Policy Text Block]" } } }, "localname": "ContingentliabilitiesPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_ContributingsharesAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Contributing shares [Axis]", "label": "Contributing shares [Axis]", "terseLabel": "Contributing shares [Axis]" } } }, "localname": "ContributingsharesAxis", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "actg_ContributingsharesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Domain] for Contributing shares [Axis]", "label": "Contributing shares [Domain]", "terseLabel": "Contributing shares [Domain]" } } }, "localname": "ContributingsharesDomain", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_CostOfRevenuesPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for costs of revenues recognized during the period.", "label": "Cost of Revenues [Policy Text Block]", "terseLabel": "Cost of Revenues" } } }, "localname": "CostOfRevenuesPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_DeferredTaxAssetOperatingAndCapitalLossCarryforwardsAndCredits": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss and capital loss carryforwards and credits", "label": "Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits", "terseLabel": "Deferred Tax Asset, Operating and Capital Loss Carryforwards and Credits" } } }, "localname": "DeferredTaxAssetOperatingAndCapitalLossCarryforwardsAndCredits", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails", "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_DeferredTaxAssetRevaluation": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Asset, Revaluation", "label": "Deferred Tax Asset, Revaluation", "terseLabel": "Deferred Tax Asset, Revaluation" } } }, "localname": "DeferredTaxAssetRevaluation", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_DeferredTaxAssetsUnrealizedLossonInvestment": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 7.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Assets, Unrealized Loss on Investment", "label": "Deferred Tax Assets, Unrealized Loss on Investment", "terseLabel": "Deferred Tax Assets, Unrealized Loss on Investment" } } }, "localname": "DeferredTaxAssetsUnrealizedLossonInvestment", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_DeferredTaxLiabilitiesFixedAssetsAndIntangibles": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredIncomeTaxLiabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from tangible and intangible assets.", "label": "Deferred Tax Liabilities, Fixed Assets and Intangibles", "negatedTerseLabel": "Fixed assets and intangibles" } } }, "localname": "DeferredTaxLiabilitiesFixedAssetsAndIntangibles", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_DeferredTaxLiabilitiesNetOfDeferredTaxAssets": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards.", "label": "Deferred Tax Liabilities, Net of Deferred Tax Assets", "totalLabel": "Net deferred tax liabilities" } } }, "localname": "DeferredTaxLiabilitiesNetOfDeferredTaxAssets", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Deferredtaxassetsintangiblesandfixedassets": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 6.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred tax assets intangibles and fixed assets", "label": "Deferred tax assets intangibles and fixed assets", "terseLabel": "Deferred tax assets intangibles and fixed assets" } } }, "localname": "Deferredtaxassetsintangiblesandfixedassets", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_DescriptionOfBusinessAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "DESCRIPTION OF BUSINESS [Abstract]", "label": "DESCRIPTION OF BUSINESS [Abstract]" } } }, "localname": "DescriptionOfBusinessAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_DescriptionOfBusinessLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Line Items] for Description of Business [Table]", "label": "Description of Business [Line Items]", "terseLabel": "Description of Business [Line Items]" } } }, "localname": "DescriptionOfBusinessLineItems", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "stringItemType" }, "actg_DescriptionOfBusinessTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Description of Business [Table]", "label": "Description of Business [Table]", "terseLabel": "Description of Business [Table]" } } }, "localname": "DescriptionOfBusinessTable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "stringItemType" }, "actg_DisclosureofGrantsinPeriodbyTypeAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of Grants in Period by Type [Abstract]", "label": "Disclosure of Grants in Period by Type [Abstract]" } } }, "localname": "DisclosureofGrantsinPeriodbyTypeAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_DiscretionaryOptionGrantProgramMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Discretionary Option Grant Program [Member]", "label": "Discretionary Option Grant Program [Member]", "terseLabel": "Discretionary Option Grant Program [Member]" } } }, "localname": "DiscretionaryOptionGrantProgramMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_Dividendsattributabletocommonstockholdersunderthetwoclassmethod": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Add Back of Dividends attributable to common stockholders under the two class method", "label": "Dividends attributable to common stockholders under the two class method", "terseLabel": "Dividends attributable to common stockholders under the two class method" } } }, "localname": "Dividendsattributabletocommonstockholdersunderthetwoclassmethod", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "actg_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Document and Entity Information [Abstract]", "label": "Document and Entity Information [Abstract]" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_EffectiveIncomeTaxRateReconcilationExpiredNetOperatingLosses": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Effective income tax rate reconcilation, expired net operating losses", "label": "Effective income tax rate reconcilation, expired net operating losses", "terseLabel": "Expired net operating loss carryforwards" } } }, "localname": "EffectiveIncomeTaxRateReconcilationExpiredNetOperatingLosses", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "actg_Effectiveincometaxratereconciliationgoodwill": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Effective income tax rate reconciliation goodwill", "label": "Effective income tax rate reconciliation goodwill", "terseLabel": "Effective income tax rate reconciliation goodwill" } } }, "localname": "Effectiveincometaxratereconciliationgoodwill", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "actg_Effectivetaxrateexcludingvaluationallowance": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Effective tax rate excluding valuation allowance", "label": "Effective tax rate excluding valuation allowance", "terseLabel": "Effective tax rate excluding valuation allowance" } } }, "localname": "Effectivetaxrateexcludingvaluationallowance", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "percentItemType" }, "actg_EmployeeServiceSharebasedCompensationAwardswithMarketConditionsCompensationCostNotyetRecognized": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized", "label": "Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized", "terseLabel": "Employee Service Share-based Compensation, Awards with market Cond, Compensation Cost Not yet Recognized" } } }, "localname": "EmployeeServiceSharebasedCompensationAwardswithMarketConditionsCompensationCostNotyetRecognized", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "actg_EmployeeServiceSharebasedCompensationAwardswithMarketConditionsCompensationCostNotyetRecognizedPeriodforRecognition": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition", "label": "Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition", "terseLabel": "Employee Service Share-based Compensation, Awards with Market Conditions, Compensation Cost Not yet Recognized, Period for Recognition" } } }, "localname": "EmployeeServiceSharebasedCompensationAwardswithMarketConditionsCompensationCostNotyetRecognizedPeriodforRecognition", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "durationItemType" }, "actg_EmployeeServiceSharebasedCompensationAwardswithPerformanceBasedConditionsCompensationCost": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost", "label": "Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost", "terseLabel": "Employee Service Share-based Compensation, Awards with Performance Based Conditions, Compensation Cost" } } }, "localname": "EmployeeServiceSharebasedCompensationAwardswithPerformanceBasedConditionsCompensationCost", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "monetaryItemType" }, "actg_EmployeeServiceSharebasedCompensationAwardswithPerformanceCondiditonsCompensationCostNotyetRecognized": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized", "label": "Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized", "terseLabel": "Employee Service Share-based Compensation, Awards with Performance Condiditons, Compensation Cost Not yet Recognized" } } }, "localname": "EmployeeServiceSharebasedCompensationAwardswithPerformanceCondiditonsCompensationCostNotyetRecognized", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "actg_EstimatedCarryingValueofReportingUnitMarketCapitalizationPlusCostSynergiesApproach": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach", "label": "Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach", "terseLabel": "Estimated Carrying Value of Reporting Unit, Market Capitalization Plus Cost Synergies Approach" } } }, "localname": "EstimatedCarryingValueofReportingUnitMarketCapitalizationPlusCostSynergiesApproach", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "actg_EstimatedFairValueoftheReportingUnit": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Estimated Fair Value of the Reporting Unit, Cost Synergies Approach", "label": "Estimated Fair Value of the Reporting Unit", "terseLabel": "Estimated Fair Value of the Reporting Unit" } } }, "localname": "EstimatedFairValueoftheReportingUnit", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Estimatedfederalincometaxespaid": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Estimated federal income taxes paid", "label": "Estimated federal income taxes paid", "terseLabel": "Estimated federal income taxes paid" } } }, "localname": "Estimatedfederalincometaxespaid", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails" ], "xbrltype": "monetaryItemType" }, "actg_FairValueInvestmentSharessold": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value Investment - Shares sold", "label": "Fair Value Investment - Shares sold", "terseLabel": "Fair Value Investment - Shares sold" } } }, "localname": "FairValueInvestmentSharessold", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_FairValueofProfitsInterest": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair Value of Profits Interest", "label": "Fair Value of Profits Interest", "negatedTerseLabel": "Fair Value of Profits Interest", "terseLabel": "Fair Value of Profits Interest" } } }, "localname": "FairValueofProfitsInterest", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Fairvalueinputsrecovery": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair value inputs recovery", "label": "Fair value inputs recovery", "terseLabel": "Fair value inputs recovery" } } }, "localname": "Fairvalueinputsrecovery", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "actg_FederalDeferredTaxAssetImpactofASU201609": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Federal Deferred Tax Asset, Impact of ASU 2016-09", "label": "Federal Deferred Tax Asset, Impact of ASU 2016-09", "terseLabel": "Federal Deferred Tax Asset, Impact of ASU 2016-09" } } }, "localname": "FederalDeferredTaxAssetImpactofASU201609", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_FederalNolAnnualUtilizationLimit": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Federal NOL Annual Utilization Limit", "label": "Federal NOL Annual Utilization Limit", "terseLabel": "Federal NOL annual utilization limit" } } }, "localname": "FederalNolAnnualUtilizationLimit", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_FinnertyCommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Finnerty - Common Stock [Member]", "label": "Finnerty - Common Stock [Member]", "terseLabel": "Finnerty - Common Stock [Member]" } } }, "localname": "FinnertyCommonStockMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_FinnertyProfitsInterestsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Finnerty - Profits Interests [Member]", "label": "Finnerty - Profits Interests [Member]", "terseLabel": "Finnerty - Profits Interests [Member]" } } }, "localname": "FinnertyProfitsInterestsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_FinnertyWarrantsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Finnerty - Warrants [Member]", "label": "Finnerty - Warrants [Member]", "terseLabel": "Finnerty - Warrants [Member]" } } }, "localname": "FinnertyWarrantsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_FirstLoanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "First Loan [Member]", "label": "First Loan [Member]", "terseLabel": "First Loan [Member]" } } }, "localname": "FirstLoanMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_FirstLoanWarrant": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "First Loan Warrant", "label": "First Loan Warrant", "terseLabel": "First Loan Warrant" } } }, "localname": "FirstLoanWarrant", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_ForeignTaxCreditsAdditionalPaidInCapitalBenefit": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Foreign tax credits that have not been recorded as a deferred tax asset as the benefit will be credited to additional paid in capital when realized as a reduction of tax payable on the tax return.", "label": "Foreign tax credits, additional paid in capital benefit", "terseLabel": "Foreign tax credits, additional paid in capital benefit" } } }, "localname": "ForeignTaxCreditsAdditionalPaidInCapitalBenefit", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_ForeignWithholdingTaxes": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Foreign withholding taxes", "label": "Foreign withholding taxes", "terseLabel": "Foreign withholding taxes" } } }, "localname": "ForeignWithholdingTaxes", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails" ], "xbrltype": "monetaryItemType" }, "actg_Foreigntaxcreditsutilizedforfinancialstatementpurposes": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Foreign tax credits utilized for financial statement purposes", "label": "Foreign tax credits utilized for financial statement purposes", "terseLabel": "Foreign tax credits utilized for financial statement purposes" } } }, "localname": "Foreigntaxcreditsutilizedforfinancialstatementpurposes", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Foreigntaxespayable": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 7.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amounts due to foreign jurisdictions for income taxes.", "label": "Foreign taxes payable", "terseLabel": "Foreign taxes payable" } } }, "localname": "Foreigntaxespayable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "actg_GainonConversionofLoanandAccruedInterest": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Gain on Conversion of Loan and Accrued Interest", "label": "Gain on Conversion of Loan and Accrued Interest", "negatedTerseLabel": "Gain on Conversion of Loan and Accrued Interest", "terseLabel": "Gain on Conversion of Loan and Accrued Interest" } } }, "localname": "GainonConversionofLoanandAccruedInterest", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_GainonexerciseofPrimaryWarrant": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Gain on exercise of Primary Warrant", "label": "Gain on exercise of Primary Warrant", "negatedTerseLabel": "Gain on exercise of Primary Warrant", "terseLabel": "Gain on exercise of Primary Warrant" } } }, "localname": "GainonexerciseofPrimaryWarrant", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Generalandadministrativeexpensesexcludingsharebasedcompensation": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "General and administrative expenses excluding share-based compensation", "label": "General and administrative expenses excluding share-based compensation", "terseLabel": "General and administrative expenses excluding share-based compensation" } } }, "localname": "Generalandadministrativeexpensesexcludingsharebasedcompensation", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "actg_GeometricBrownianMotionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Geometric Brownian Motion [Member]", "label": "Geometric Brownian Motion [Member]", "terseLabel": "Geometric Brownian Motion [Member]" } } }, "localname": "GeometricBrownianMotionMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_GoodwillandPatentImpairmentChargesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Goodwill and Patent Impairment Charges [Abstract]", "label": "Goodwill and Patent Impairment Charges [Abstract]" } } }, "localname": "GoodwillandPatentImpairmentChargesAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_ImpairmentofinvestmentsPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Impairment of investments [Policy Text Block]", "label": "Impairment of investments [Policy Text Block]", "terseLabel": "Impairment of investments [Policy Text Block]" } } }, "localname": "ImpairmentofinvestmentsPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_IncentiveStockOptionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Incentive Stock Options [Member]", "label": "Incentive Stock Options [Member]", "terseLabel": "Incentive Stock Options [Member]" } } }, "localname": "IncentiveStockOptionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_IncomeTaxesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Line Items] for Income Taxes [Table]", "label": "Income Taxes [Line Items]", "terseLabel": "Income Taxes [Line Items]" } } }, "localname": "IncomeTaxesLineItems", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "stringItemType" }, "actg_IncomeTaxesTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Income Taxes [Table]", "label": "Income Taxes [Table]", "terseLabel": "Income Taxes [Table]" } } }, "localname": "IncomeTaxesTable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "stringItemType" }, "actg_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 12.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Increase (decrease) in royalties and contingent legal fees payable", "label": "Increase (decrease) in royalties and contingent legal fees payable", "terseLabel": "Royalties and contingent legal fees payable" } } }, "localname": "IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "actg_InventorRoyaltiesAndContingentLegalExpensesPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Inventor royalties and contingent legal expenses [Policy Text Block]", "label": "Inventor royalties and contingent legal expenses [Policy Text Block]", "terseLabel": "Inventor Royalties and Contingent Legal Expenses" } } }, "localname": "InventorRoyaltiesAndContingentLegalExpensesPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_InvestmentatFairValuePurchasesandIssues": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investment at Fair Value Purchases and Issues", "label": "Investment at Fair Value Purchases and Issues", "terseLabel": "Investment at Fair Value Purchases and Issues" } } }, "localname": "InvestmentatFairValuePurchasesandIssues", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Investmentsatfairvalue": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investments at fair value", "label": "Investments at fair value", "terseLabel": "Investments at fair value" } } }, "localname": "Investmentsatfairvalue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Investmentsatfairvaluecommonstock": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investments at fair value - common stock", "label": "Investments at fair value - common stock", "terseLabel": "Investments at fair value - common stock" } } }, "localname": "Investmentsatfairvaluecommonstock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Investmentwarrants": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investment warrants and shares", "label": "Investment warrants", "terseLabel": "Investment warrants" } } }, "localname": "Investmentwarrants", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_LagTimeInRecognizingRevenuesFromLicenseesQuarter": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lag time in recognizing revenues from licensees' quarter", "label": "Lag time in recognizing revenues from licensees' quarter", "terseLabel": "Lag time in recognizing revenues from licensee's quarter" } } }, "localname": "LagTimeInRecognizingRevenuesFromLicenseesQuarter", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "durationStringItemType" }, "actg_LessThan10Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Less than 10% [Member]", "label": "Less than 10% [Member]", "terseLabel": "Less than 10% [Member]" } } }, "localname": "LessThan10Member", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_Licensee1Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Licensee 1 [Member]", "label": "Licensee 1 [Member]", "terseLabel": "Licensee 1 [Member]" } } }, "localname": "Licensee1Member", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "actg_Licensee2Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Licensee 2 [Member]", "label": "Licensee 2 [Member]", "terseLabel": "Licensee 2 [Member]" } } }, "localname": "Licensee2Member", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "actg_Licensee3Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Licensee 3 [Member]", "label": "Licensee 3 [Member]", "terseLabel": "Licensee 3 [Member]" } } }, "localname": "Licensee3Member", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "actg_Licensee4Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Licensee 4 [Member]", "label": "Licensee 4 [Member]", "terseLabel": "Licensee 4 [Member]" } } }, "localname": "Licensee4Member", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "actg_LicenseesInForeignJurisdictionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Licensees in foreign jurisdictions [Member]", "label": "Licensees in foreign jurisdictions [Member]", "terseLabel": "Licensees in foreign jurisdictions [Member]" } } }, "localname": "LicenseesInForeignJurisdictionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "actg_LitigationAndLicensingExpensesPatents": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 4.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 3.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expenses incurred directly related to litigation and licensing of patents.", "label": "Litigation and licensing expenses - patents", "terseLabel": "Litigation and licensing expenses - patents" } } }, "localname": "LitigationAndLicensingExpensesPatents", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "actg_Lossonfairvalueinvestmentnet": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Loss on fair value investment net", "label": "Loss on fair value investment net", "terseLabel": "Loss on fair value investment net" } } }, "localname": "Lossonfairvalueinvestmentnet", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_MarketBasedVestingConditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Market Based Vesting Conditions [Member]", "label": "Market Based Vesting Conditions [Member]", "terseLabel": "Market Based Vesting Conditions [Member]" } } }, "localname": "MarketBasedVestingConditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "actg_MarketBasedVestingConditionsprice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Market Based Vesting Conditions, price", "label": "Market Based Vesting Conditions, price", "terseLabel": "Market Based Vesting Conditions, price" } } }, "localname": "MarketBasedVestingConditionsprice", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "actg_MaximumInvestmentinVeritone": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Maximum Investment in Veritone", "label": "Maximum Investment in Veritone", "terseLabel": "Maximum Investment in Veritone" } } }, "localname": "MaximumInvestmentinVeritone", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_MonteCarloMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Monte Carlo [Member]", "label": "Monte Carlo [Member]", "terseLabel": "Monte Carlo [Member]" } } }, "localname": "MonteCarloMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_NetAssetsOfIpFundTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial statements of IP Fund [Table Text Block]", "label": "Net assets of IP Fund [Table Text Block]", "terseLabel": "Net assets of IP Fund [Table Text Block]" } } }, "localname": "NetAssetsOfIpFundTableTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "actg_NetOperatingLossesUnrecognizedExcessTaxBenefitsFederal": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Net operating losses, unrecognized excess tax benefits, federal", "label": "Net operating losses, unrecognized excess tax benefits, federal", "terseLabel": "Net operating losses, unrecognized excess tax benefits, federal" } } }, "localname": "NetOperatingLossesUnrecognizedExcessTaxBenefitsFederal", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_NetOperatingLossesUnrecognizedTaxBenefitsState": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Net operating losses, unrecognized tax benefits, state", "label": "Net operating losses, unrecognized tax benefits, state", "terseLabel": "Net operating losses, unrecognized excess tax benefits, state" } } }, "localname": "NetOperatingLossesUnrecognizedTaxBenefitsState", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_NetincomelossattributabletononcontrollinginterestPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Net income (loss) attributable to noncontrolling interest", "label": "Net income (loss) attributable to noncontrolling interest [Policy Text Block]", "terseLabel": "Net income (loss) attributable to noncontrolling interest" } } }, "localname": "NetincomelossattributabletononcontrollinginterestPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_Netportfolioincomeloss": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Net portfolio income (loss)", "label": "Net portfolio income (loss)", "netLabel": "Net portfolio income (loss)", "totalLabel": "Net loss" } } }, "localname": "Netportfolioincomeloss", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "actg_Noncashstockcompensationprofitsinterest": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Non-cash stock compensation - profits interest", "label": "Non-cash stock compensation - profits interest", "terseLabel": "Non-cash stock compensation - profits interest" } } }, "localname": "Noncashstockcompensationprofitsinterest", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_NonstatutoryOptionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Nonstatutory Options [Member]", "label": "Nonstatutory Options [Member]", "terseLabel": "Nonstatutory Options [Member]" } } }, "localname": "NonstatutoryOptionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_Numberofpatentportfoliosacquired": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of patent portfolios acquired", "label": "Number of patent portfolios acquired", "terseLabel": "Number of patent portfolios acquired" } } }, "localname": "Numberofpatentportfoliosacquired", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "integerItemType" }, "actg_OperatingLossCarryforwardsFederal": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Operating loss carryforwards, federal", "label": "Operating loss carryforwards, federal", "terseLabel": "Operating loss carryforwards, federal" } } }, "localname": "OperatingLossCarryforwardsFederal", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_OperatingLossCarryforwardsState": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Operating loss carryforwards, state", "label": "Operating loss carryforwards, state", "terseLabel": "Operating loss carryforwards, state" } } }, "localname": "OperatingLossCarryforwardsState", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_OwnershipOfVotingInterestsAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Ownership of Voting Interests [Axis]", "label": "Ownership of Voting Interests [Axis]", "terseLabel": "Ownership of Voting Interests [Axis]" } } }, "localname": "OwnershipOfVotingInterestsAxis", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "stringItemType" }, "actg_OwnershipOfVotingInterestsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Domain] for Ownership of Voting Interests [Axis]", "label": "Ownership of Voting Interests [Domain]", "terseLabel": "Ownership of Voting Interests [Domain]" } } }, "localname": "OwnershipOfVotingInterestsDomain", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_OwnershipPercentOfVotingStock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Ownership Percent of Voting Stock", "label": "Ownership Percent of Voting Stock", "terseLabel": "Ownership percent of voting stock" } } }, "localname": "OwnershipPercentOfVotingStock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "percentItemType" }, "actg_PaidUpRevenues": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Paid Up Revenues", "label": "Paid Up Revenues", "terseLabel": "Paid Up Revenues" } } }, "localname": "PaidUpRevenues", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_PartnersCapitalAuthorized": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Authorized amount of capital to be raised by the fund.", "label": "Partners Capital, Authorized", "terseLabel": "Partners' capital, authorized" } } }, "localname": "PartnersCapitalAuthorized", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentAcquisitionCostsIncludedInAccruedExpenses": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Patent Acquisition Costs Included in Accrued Expenses", "label": "Patent acquisition costs included in accrued expenses", "terseLabel": "Patent acquisition costs included in accrued expenses" } } }, "localname": "PatentAcquisitionCostsIncludedInAccruedExpenses", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "actg_PatentCostDisposals": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Patent cost, disposals", "label": "Patent cost, disposals", "terseLabel": "Capitalized patent costs" } } }, "localname": "PatentCostDisposals", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentSales": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Patent Sales", "label": "Patent Sales", "terseLabel": "Sales proceeds" } } }, "localname": "PatentSales", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Patentacquisitionexpenses": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 3.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 7.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Patent acquisition expenses", "label": "Patent acquisition expenses", "terseLabel": "Patent acquisition expenses" } } }, "localname": "Patentacquisitionexpenses", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentcostsandaccumulatedamortizationandsalesproceedsandothercostsrelatedtopatentsalesanddisposalsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Patent costs and accumulated amortization, and sales proceeds and other costs related to patent sales and disposals [Table Text Block]", "label": "Patent costs and accumulated amortization, and sales proceeds and other costs related to patent sales and disposals [Table Text Block]", "terseLabel": "Patent costs and accumulated amortization related to patent sales and disposals [Table Text Block]" } } }, "localname": "PatentcostsandaccumulatedamortizationandsalesproceedsandothercostsrelatedtopatentsalesanddisposalsTableTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsTables" ], "xbrltype": "textBlockItemType" }, "actg_PatentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Patents [Abstract]", "label": "Patents [Abstract]" } } }, "localname": "PatentsAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_PatentsAccumulatedAmortization": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/PatentsDetails": { "order": 2.0, "parentTag": "actg_PatentsNetOfAccumulatedAmortization", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Patents, Accumulated Amortization", "label": "Patents, Accumulated Amortization", "terseLabel": "Accumulated amortization - patents" } } }, "localname": "PatentsAccumulatedAmortization", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentsGross": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/PatentsDetails": { "order": 1.0, "parentTag": "actg_PatentsNetOfAccumulatedAmortization", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Patents, Gross", "label": "Patents, Gross", "terseLabel": "Gross carrying amount - patents" } } }, "localname": "PatentsGross", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentsNetOfAccumulatedAmortization": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.acaciaresearch.com/role/PatentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying value for patents, net of accumulated amortization.", "label": "Patents, net of accumulated amortization", "totalLabel": "Patents, net", "verboseLabel": "Patents, net of accumulated amortization" } } }, "localname": "PatentsNetOfAccumulatedAmortization", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_PatentsPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Patents [Policy Text Block]", "label": "Patents [Policy Text Block]", "terseLabel": "Patents" } } }, "localname": "PatentsPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_PatentsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Patents [Table Text Block]", "label": "Patents [Table Text Block]", "terseLabel": "Patents" } } }, "localname": "PatentsTableTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/PatentsTables" ], "xbrltype": "textBlockItemType" }, "actg_PercentageofownershipMisoRobotics": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Percentage of ownership, Miso Robotics", "label": "Percentage of ownership, Miso Robotics", "terseLabel": "Percentage of ownership, Miso Robotics" } } }, "localname": "PercentageofownershipMisoRobotics", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "actg_PercentageofownershipVeritone": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Percentage of ownership, Veritone", "label": "Percentage of ownership, Veritone", "terseLabel": "Percentage of ownership, Veritone" } } }, "localname": "PercentageofownershipVeritone", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "actg_PerformanceBasedVestingConditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Performance Based Vesting Conditions", "label": "Performance Based Vesting Conditions [Member]", "terseLabel": "Performance Based Vesting Conditions [Member]" } } }, "localname": "PerformanceBasedVestingConditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "actg_PeriodAfterQuarterEndLicenseesReportActivity": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Period after quarter end licensees report activity", "label": "Period after quarter end licensees report activity", "terseLabel": "Period after quarter end licensees report activity" } } }, "localname": "PeriodAfterQuarterEndLicenseesReportActivity", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "durationStringItemType" }, "actg_PrimaryWarrantConditionOfferingProceeds": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Primary Warrant Condition: Offering Proceeds", "label": "Primary Warrant Condition: Offering Proceeds", "terseLabel": "Primary Warrant Condition: Offering Proceeds" } } }, "localname": "PrimaryWarrantConditionOfferingProceeds", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_PrimarywarrantMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Primary warrant [Member]", "label": "Primary warrant [Member]", "terseLabel": "Primary warrant [Member]" } } }, "localname": "PrimarywarrantMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_Primarywarrantshares": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Primary warrant shares", "label": "Primary warrant shares", "terseLabel": "Primary warrant shares" } } }, "localname": "Primarywarrantshares", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_PropertyAndEquipmentUsefulLivesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Property and Equipment, Useful Lives [Table Text Block]", "label": "Property and Equipment, Useful Lives [Table Text Block]", "terseLabel": "Property and Equipment, Useful Lives" } } }, "localname": "PropertyAndEquipmentUsefulLivesTableTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "actg_QuarterlyFinancialDataUnauditedAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "QUARTERLY FINANCIAL DATA (unaudited) [Abstract]", "label": "QUARTERLY FINANCIAL DATA (unaudited) [Abstract]" } } }, "localname": "QuarterlyFinancialDataUnauditedAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_RealizedlossonsaleofVeritone": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Realized loss on sale of Veritone", "label": "Realized loss on sale of Veritone", "terseLabel": "Realized Investment Gains (Losses)" } } }, "localname": "RealizedlossonsaleofVeritone", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_RecentlyAdoptedAccountingPoliciesPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Recently adopted accounting policies [Policy Text Block]", "label": "Recently adopted accounting policies [Policy Text Block]", "terseLabel": "Recently adopted accounting policies [Policy Text Block]" } } }, "localname": "RecentlyAdoptedAccountingPoliciesPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_RecurringRevenues": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Recurring Revenues", "label": "Recurring Revenues", "terseLabel": "Recurring Revenues" } } }, "localname": "RecurringRevenues", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Repurchaseofrestrictedcommonstock": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Repurchase of restricted common stock", "label": "Repurchase of restricted common stock", "terseLabel": "Repurchase of restricted common stock" } } }, "localname": "Repurchaseofrestrictedcommonstock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "actg_ResearchConsultingAndOtherExpensesBusinessDevelopment": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 8.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expenses incurred directly related to business development research, consulting and other expenses.", "label": "Research, consulting and other expenses - business development", "negatedTerseLabel": "Other expenses - business development", "terseLabel": "Other expenses - business development" } } }, "localname": "ResearchConsultingAndOtherExpensesBusinessDevelopment", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "actg_RestrictedstockawardswithtimebasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Restricted stock awards with time based vesting conditions [Member]", "label": "Restricted stock awards with time based vesting conditions [Member]", "terseLabel": "Restricted stock awards with time based vesting conditions [Member]" } } }, "localname": "RestrictedstockawardswithtimebasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_RestrictedstockunitawardswithperformancebasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Restricted stock unit awards with performance based vesting conditions [Member]", "label": "Restricted stock unit awards with performance based vesting conditions [Member]", "terseLabel": "Restricted stock unit awards with performance based vesting conditions [Member]" } } }, "localname": "RestrictedstockunitawardswithperformancebasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_RestrictedstockunitawardswithtimebasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Restricted stock unit awards with time-based vesting conditions [Member]", "label": "Restricted stock unit awards with time-based vesting conditions [Member]", "terseLabel": "Restricted stock unit awards with time-based vesting conditions [Member]" } } }, "localname": "RestrictedstockunitawardswithtimebasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_RetirementSavingsPlanAndExecutiveSeverancePolicyAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY [Abstract]", "label": "RETIREMENT SAVINGS PLAN AND EXECUTIVE SEVERANCE POLICY [Abstract]" } } }, "localname": "RetirementSavingsPlanAndExecutiveSeverancePolicyAbstract", "nsuri": "http://www.acaciaresearch.com/20181231", "xbrltype": "stringItemType" }, "actg_RoyaltiesAndContingentLegalFeesPayable": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Royalties and contingent legal fees payable", "label": "Royalties and contingent legal fees payable", "terseLabel": "Royalties and contingent legal fees payable" } } }, "localname": "RoyaltiesAndContingentLegalFeesPayable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "actg_SecondLoanMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Second Loan", "label": "Second Loan [Member] [Member]", "terseLabel": "Second Loan [Member] [Member]" } } }, "localname": "SecondLoanMemberMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_SecondLoanWarrant": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Second Loan Warrant", "label": "Second Loan Warrant", "terseLabel": "Second Loan Warrant" } } }, "localname": "SecondLoanWarrant", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_SecuredConvertiblePromissoryNote": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Secured Convertible Promissory Note", "label": "Secured Convertible Promissory Note", "terseLabel": "Secured Convertible Promissory Note" } } }, "localname": "SecuredConvertiblePromissoryNote", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_SecuredPromissoryNoteAdvance": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Secured Promissory Note Advance", "label": "Secured Promissory Note Advance", "terseLabel": "Secured Promissory Note Advance" } } }, "localname": "SecuredPromissoryNoteAdvance", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Outstanding", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Outstanding", "terseLabel": "Vested outstanding" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedOutstanding", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "sharesItemType" }, "actg_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesIncreaseByPercentage": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase By Percentage", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase By Percentage", "terseLabel": "Increase in number of shares available, percentage of outstanding shares on last trading day of prior December" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesIncreaseByPercentage", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "percentItemType" }, "actg_SharebasedAwardsRestrictedStockUnitsVestedOustanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Awards, Restricted Stock Units, Vested Oustanding", "label": "Share-based Awards, Restricted Stock Units, Vested Oustanding", "terseLabel": "Share-based Awards, Restricted Stock Units, Vested Oustanding" } } }, "localname": "SharebasedAwardsRestrictedStockUnitsVestedOustanding", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementRestrictedStockUnitsNonvested": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement Restricted Stock Units, Nonvested", "label": "Share-based Compensation Arrangement Restricted Stock Units, Nonvested", "terseLabel": "Share-based Compensation Arrangement Restricted Stock Units, Nonvested" } } }, "localname": "SharebasedCompensationArrangementRestrictedStockUnitsNonvested", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardAllGrantsFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, All Grants, Fair Value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardAllGrantsFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "monetaryItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsWithPerformanceConditionsNonvestedNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number,", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number,", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments With Performance Conditions, Nonvested, Number," } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsWithPerformanceConditionsNonvestedNumber", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardGrantsinPeriodTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period [Text Block]" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardGrantsinPeriodTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables" ], "xbrltype": "textBlockItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardMaximumNumberofSharesAvailableforIssuance": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Available for Issuance" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardMaximumNumberofSharesAvailableforIssuance", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesIncrease": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Increase" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesIncrease", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsVestedDuringthePeriodAggregateIntrinsicValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested During the Period Aggregate Intrinsic Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested During the Period Aggregate Intrinsic Value", "terseLabel": "Vested, aggregate intrinsic value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsVestedDuringthePeriodAggregateIntrinsicValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockAwardsGrantedFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Awards, Granted, Fair Value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockAwardsGrantedFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "monetaryItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsGrantsinPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsGrantsinPeriod", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsGrantsinPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period, Weighted Average Grant Date Fair Value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsGrantsinPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "perShareItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Weighted Average Grant Date Fair Value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "perShareItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedDuringPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested During Period", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested During Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Grants in Period" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedDuringPeriod", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedinPeriodFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Fair Value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedinPeriodFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "monetaryItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedinPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Vested, weighted average grant date fair value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsVestedinPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "perShareItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Weighted Average Grant Date Fair Value", "terseLabel": "Vested outstanding, weighted average grant date fair value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockUnitsWeightedAverageGrantDateFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "perShareItemType" }, "actg_SharebasedCompensationArrangementbySharebasedPaymentAwardTotalGrantsDuringthePeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Total Grants During the Period" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardTotalGrantsDuringthePeriod", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "sharesItemType" }, "actg_SharebasedCompensationArrangmentbySharebasedPaymentAwardOptionsGrantedFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value", "label": "Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value", "terseLabel": "Share-based Compensation Arrangment by Share-based Payment Award, Options, Granted, Fair Value" } } }, "localname": "SharebasedCompensationArrangmentbySharebasedPaymentAwardOptionsGrantedFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "actg_SharebasedCompensationArrangmentbySharebasedPaymentAwardRestrictedStockUnitsGrantedFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value", "label": "Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value", "terseLabel": "Share-based Compensation Arrangment by Share-based Payment Award, Restricted Stock Units, Granted, Fair Value" } } }, "localname": "SharebasedCompensationArrangmentbySharebasedPaymentAwardRestrictedStockUnitsGrantedFairValue", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "monetaryItemType" }, "actg_StateDeferredTaxAssetImpactofASU201609": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "State Deferred Tax Asset, Impact of ASU 2016-09", "label": "State Deferred Tax Asset, Impact of ASU 2016-09", "terseLabel": "Deferred Tax Assets, State Taxes" } } }, "localname": "StateDeferredTaxAssetImpactofASU201609", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_StockIssuanceProgramMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock Issuance Program [Member]", "label": "Stock Issuance Program [Member]", "terseLabel": "Stock Issuance Program [Member]" } } }, "localname": "StockIssuanceProgramMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_StockholdersEquityLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Line Items] for Stockholders' Equity [Table]", "label": "Stockholders' Equity [Line Items]", "terseLabel": "Stockholders Equity [Line Items]" } } }, "localname": "StockholdersEquityLineItems", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "stringItemType" }, "actg_StockholdersEquityTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stockholders' Equity [Table]", "label": "Stockholders' Equity [Table]", "terseLabel": "Stockholders' Equity [Table]" } } }, "localname": "StockholdersEquityTable", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "stringItemType" }, "actg_StockoptionswithmarketbasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock options with market-based vesting conditions [Member]", "label": "Stock options with market-based vesting conditions [Member]", "terseLabel": "Stock options with market-based vesting conditions [Member]" } } }, "localname": "StockoptionswithmarketbasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_StockoptionswithperformancebasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock options with performance-based vesting conditions [Member]", "label": "Stock options with performance-based vesting conditions [Member]", "terseLabel": "Stock options with performance-based vesting conditions [Member]" } } }, "localname": "StockoptionswithperformancebasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_StockoptionswithtimebasedvestingconditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock options with time-based vesting conditions [Member]", "label": "Stock options with time-based vesting conditions [Member]", "terseLabel": "Stock options with time-based vesting conditions [Member]" } } }, "localname": "StockoptionswithtimebasedvestingconditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_TaxBenefitFromReversaloftheNetDeferredTaxLiability": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Tax Benefit From Reversal of the Net Deferred Tax Liability", "label": "Tax Benefit From Reversal of the Net Deferred Tax Liability", "terseLabel": "Tax Benefit From Reversal of the Net Deferred Tax Liability" } } }, "localname": "TaxBenefitFromReversaloftheNetDeferredTaxLiability", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_TaxBenefitFromStockOptionsExercisedFederal": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Benefit from Stock Options Exercised, Federal", "label": "Tax Benefit from Stock Options Exercised, Federal", "terseLabel": "Tax benefit from stock options exercised, federal" } } }, "localname": "TaxBenefitFromStockOptionsExercisedFederal", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_TaxBenefitFromStockOptionsExercisedState": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Benefit from Stock Options Exercised, State", "label": "Tax Benefit from Stock Options Exercised, State", "terseLabel": "Tax fenefit from stock options exercised, state" } } }, "localname": "TaxBenefitFromStockOptionsExercisedState", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_Termspecificvolatility": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Term specific volatility", "label": "Term specific volatility", "terseLabel": "Term specific volatility" } } }, "localname": "Termspecificvolatility", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "percentItemType" }, "actg_TimeBasedVestingConditionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Time Based Vesting Conditions [Member]", "label": "Time Based Vesting Conditions [Member]", "terseLabel": "Time Based Vesting Conditions [Member]" } } }, "localname": "TimeBasedVestingConditionsMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "domainItemType" }, "actg_TotalInvestmentLongTerm": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Total Investment, Long Term", "label": "Total Investment, Long Term", "terseLabel": "Total Investment, Long Term" } } }, "localname": "TotalInvestmentLongTerm", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_TotalPortfolioOperations": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "actg_Netportfolioincomeloss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Total Portfolio Operations", "label": "Total Portfolio Operations", "totalLabel": "Total Portfolio Operations" } } }, "localname": "TotalPortfolioOperations", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "actg_Totalliabilitiespreferredstockandstockholdersequity": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total liabilities, preferred stock and stockholders' equity", "label": "Total liabilities, preferred stock and stockholders' equity", "terseLabel": "Total liabilities, preferred stock and stockholders' equity" } } }, "localname": "Totalliabilitiespreferredstockandstockholdersequity", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_TreasuryStockPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Treasury Stock [Policy Text Block]", "label": "Treasury Stock [Policy Text Block]", "terseLabel": "Treasury Stock [Policy Text Block]" } } }, "localname": "TreasuryStockPolicyTextBlock", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "actg_Unamortizedloandiscount": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Unamortized loan discount", "label": "Unamortized loan discount", "terseLabel": "Unamortized loan discount" } } }, "localname": "Unamortizedloandiscount", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_UnrecognizedTaxBenefitsPrimarilyAssociatedWithStateTaxes": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unrecognized tax benefits primarily associated with state taxes", "label": "unrecognized tax benefits primarily associated with state taxes", "terseLabel": "unrecognized tax benefits primarily associated with state taxes" } } }, "localname": "UnrecognizedTaxBenefitsPrimarilyAssociatedWithStateTaxes", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_UnvestedShareswithMarketBasedVestingConditions": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unvested Shares with Market Based Vesting Conditions", "label": "Unvested Shares with Market Based Vesting Conditions", "terseLabel": "Unvested Shares with Market Based Vesting Conditions" } } }, "localname": "UnvestedShareswithMarketBasedVestingConditions", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "actg_UpfrontShares": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Upfront Shares", "label": "Upfront Shares", "terseLabel": "Upfront Shares" } } }, "localname": "UpfrontShares", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "actg_ValuationAllowanceonForeignTaxCredits": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Valuation Allowance on Foreign Tax Credits", "label": "Valuation Allowance on Foreign Tax Credits", "terseLabel": "Foreign withholding taxes" } } }, "localname": "ValuationAllowanceonForeignTaxCredits", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "actg_VeritoneBridgeLoanAdvance1": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Veritone Bridge Loan Advance 1", "label": "Veritone Bridge Loan Advance 1", "terseLabel": "Veritone Bridge Loan Advance 1" } } }, "localname": "VeritoneBridgeLoanAdvance1", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_VeritoneBridgeLoanAdvance3and4": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Veritone Bridge Loan Advance 3 and 4", "label": "Veritone Bridge Loan Advance 3 and 4", "terseLabel": "Veritone Bridge Loan Advance 3 and 4" } } }, "localname": "VeritoneBridgeLoanAdvance3and4", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "actg_VeritoneLoansMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Veritone Loans [Member]", "label": "Veritone Loans [Member]", "terseLabel": "Veritone Loans [Member]" } } }, "localname": "VeritoneLoansMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "actg_VeritoneMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Veritone [Member]", "label": "Veritone [Member]", "terseLabel": "Veritone [Member]" } } }, "localname": "VeritoneMember", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "actg_VeritonePrimaryWarrant": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Veritone Primary Warrant", "label": "Veritone Primary Warrant", "terseLabel": "Veritone Primary Warrant" } } }, "localname": "VeritonePrimaryWarrant", "nsuri": "http://www.acaciaresearch.com/20181231", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "If the value is true, then the document is an amendment to previously-filed/accepted document.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date", "terseLabel": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.", "label": "Document Fiscal Period Focus", "terseLabel": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus", "terseLabel": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "submissionTypeItemType" }, "dei_EntitiesTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Container to assemble all relevant information about each entity associated with the document instance", "label": "Entities [Table]", "terseLabel": "Entities [Table]" } } }, "localname": "EntitiesTable", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding", "terseLabel": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status", "terseLabel": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]", "terseLabel": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category", "terseLabel": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Entity Information [Line Items]", "terseLabel": "Entity Information [Line Items]" } } }, "localname": "EntityInformationLineItems", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.", "label": "Entity Public Float", "terseLabel": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "Indicate if company meets the shell company criteria: a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents.", "label": "Entity Shell Company", "terseLabel": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million.", "label": "Entity Small Business", "terseLabel": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers", "terseLabel": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer", "terseLabel": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]", "terseLabel": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "invest_InvestmentAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment [Axis]", "terseLabel": "Investment [Axis]" } } }, "localname": "InvestmentAxis", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "stringItemType" }, "invest_InvestmentDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment [Domain]", "terseLabel": "Investment [Domain]" } } }, "localname": "InvestmentDomain", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "invest_InvestmentMaturityDate1": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment Maturity Date", "terseLabel": "Investment Maturity Date" } } }, "localname": "InvestmentMaturityDate1", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails" ], "xbrltype": "dateItemType" }, "srt_ConsolidationItemsAxis": { "auth_ref": [ "r162", "r170" ], "lang": { "en-US": { "role": { "label": "Consolidation Items [Axis]", "terseLabel": "Consolidation Items [Axis]" } } }, "localname": "ConsolidationItemsAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidationItemsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Consolidation Items [Domain]", "terseLabel": "Consolidation Items [Domain]" } } }, "localname": "ConsolidationItemsDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "domainItemType" }, "srt_EquityMethodInvesteeNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment, Name [Domain]", "terseLabel": "Investment, Name [Domain]" } } }, "localname": "EquityMethodInvesteeNameDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "srt_MaximumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Maximum [Member]", "terseLabel": "Maximum [Member]" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Minimum [Member]", "terseLabel": "Minimum [Member]" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "srt_NameOfMajorCustomerDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Customer [Domain]", "terseLabel": "Name of Major Customer [Domain]" } } }, "localname": "NameOfMajorCustomerDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Range [Axis]", "terseLabel": "Range [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Range [Domain]", "terseLabel": "Range [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": { "auth_ref": [ "r189" ], "lang": { "en-US": { "role": { "label": "Investment, Name [Axis]", "terseLabel": "Investment, Name [Axis]" } } }, "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountsNotesAndLoansReceivableLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Accounts, Notes, Loans and Financing Receivable [Line Items]", "terseLabel": "Accounts, Notes, Loans and Financing Receivable [Line Items]" } } }, "localname": "AccountsNotesAndLoansReceivableLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent": { "auth_ref": [ "r44" ], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.", "label": "Accounts Payable and Accrued Liabilities, Current", "terseLabel": "Accounts payable and accrued expenses", "totalLabel": "Accounts payable and accrued expenses" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails", "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounts Payable and Accrued Liabilities, Current [Abstract]" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock": { "auth_ref": [ "r43" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.", "label": "Accounts Payable and Accrued Liabilities Disclosure [Text Block]", "terseLabel": "Accounts Payable and Accrued Expenses / Costs" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpenses" ], "xbrltype": "textBlockItemType" }, "us-gaap_AccountsReceivableMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Due from customers or clients for goods or services that have been delivered or sold.", "label": "Accounts Receivable [Member]", "terseLabel": "Accounts Receivable [Member]" } } }, "localname": "AccountsReceivableMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AccountsReceivableNet": { "auth_ref": [ "r29", "r35", "r390", "r406" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.", "label": "Accounts Receivable, Net", "terseLabel": "Accounts receivable" } } }, "localname": "AccountsReceivableNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsReceivableNetCurrent": { "auth_ref": [ "r29", "r246" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.", "label": "Accounts Receivable, Net, Current", "terseLabel": "Accounts receivable" } } }, "localname": "AccountsReceivableNetCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments": { "auth_ref": [ "r106" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Accretion (Amortization) of Discounts and Premiums, Investments", "terseLabel": "Accretion (Amortization) of Discounts and Premiums, Investments" } } }, "localname": "AccretionAmortizationOfDiscountsAndPremiumsInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedProfessionalFeesCurrent": { "auth_ref": [ "r5", "r6", "r46" ], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 4.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Accrued Professional Fees, Current", "terseLabel": "Accrued consulting and other professional fees" } } }, "localname": "AccruedProfessionalFeesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedVacationCurrentAndNoncurrent": { "auth_ref": [ "r248", "r391", "r416" ], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 2.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable for unused vacation time owed to employees based on the entity's vacation benefit given to its employees.", "label": "Accrued Vacation", "terseLabel": "Accrued vacation" } } }, "localname": "AccruedVacationCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r61", "r62", "r63" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 6.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Accumulated comprehensive loss" } } }, "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "auth_ref": [ "r60", "r63", "r66", "r334" ], "lang": { "en-US": { "role": { "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.", "label": "AOCI Attributable to Parent [Member]", "terseLabel": "Accumulated Other Comprehensive Income (Loss) [Member]" } } }, "localname": "AccumulatedOtherComprehensiveIncomeMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Acquired Finite-Lived Intangible Assets [Line Items]", "terseLabel": "Patents [Line Items]" } } }, "localname": "AcquiredFiniteLivedIntangibleAssetsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife": { "auth_ref": [ "r200" ], "lang": { "en-US": { "role": { "documentation": "Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Acquired Finite-lived Intangible Assets, Weighted Average Useful Life", "terseLabel": "Patents, weighted average useful life" } } }, "localname": "AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_AdditionalPaidInCapital": { "auth_ref": [ "r30" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.", "label": "Additional Paid in Capital", "terseLabel": "Additional paid-in capital" } } }, "localname": "AdditionalPaidInCapital", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital [Member]", "terseLabel": "Additional Paid-in Capital [Member]" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentsForNewAccountingPronouncementsAxis": { "auth_ref": [ "r124" ], "lang": { "en-US": { "role": { "documentation": "Information by new accounting pronouncement.", "label": "Adjustments for New Accounting Pronouncements [Axis]", "terseLabel": "Adjustments for New Accounting Pronouncements [Axis]" } } }, "localname": "AdjustmentsForNewAccountingPronouncementsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts": { "auth_ref": [ "r231", "r238" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration.", "label": "Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs", "terseLabel": "Issuance costs" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation": { "auth_ref": [ "r231", "r238", "r287" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit.", "label": "Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation", "terseLabel": "Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Adjustments to reconcile net income (loss) including noncontrolling interests in operating subsidiaries to net cash provided by (used in) operating activities:" } } }, "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_AmortizationOfIntangibleAssets": { "auth_ref": [ "r105", "r198", "r204" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 5.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 4.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Intangible Assets", "terseLabel": "Amortization of patents" } } }, "localname": "AmortizationOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "auth_ref": [ "r139" ], "lang": { "en-US": { "role": { "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount", "terseLabel": "Anti-dilutive equity-based incentive awards excluded from the computation of diluted income (loss) per share" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_Assets": { "auth_ref": [ "r167", "r381", "r408" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "terseLabel": "Assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets [Abstract]", "terseLabel": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsCurrent": { "auth_ref": [ "r3", "r4", "r57" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Current", "terseLabel": "Assets, Current", "totalLabel": "Total current assets" } } }, "localname": "AssetsCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsCurrentAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets, Current [Abstract]", "terseLabel": "Current assets:" } } }, "localname": "AssetsCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsNoncurrent": { "auth_ref": [ "r12", "r13", "r14", "r15", "r16", "r17", "r18", "r19" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.", "label": "Assets, Noncurrent", "terseLabel": "Assets, Noncurrent" } } }, "localname": "AssetsNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecurities": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.", "label": "Available-for-sale Securities", "terseLabel": "Available-for-sale Securities", "verboseLabel": "Available-for-sale securities, fair value" } } }, "localname": "AvailableForSaleSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesAmortizedCost": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.", "label": "Available-for-sale Securities, Amortized Cost Basis", "terseLabel": "Available-for-sale Securities, Amortized Cost Basis", "verboseLabel": "Available-for-sale securities, amortized cost" } } }, "localname": "AvailableForSaleSecuritiesAmortizedCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesGrossRealizedGains": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.", "label": "Available-for-sale Securities, Gross Realized Gains", "terseLabel": "Available-for-sale Securities, Gross Realized Gains" } } }, "localname": "AvailableForSaleSecuritiesGrossRealizedGains", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.", "label": "Available-for-sale Securities, Gross Realized Losses", "terseLabel": "Available-for-sale Securities, Gross Realized Losses" } } }, "localname": "AvailableForSaleSecuritiesGrossRealizedLosses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGains": { "auth_ref": [ "r177" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized gain before deducting unrealized loss on investments in debt and equity securities classified as available-for-sale securities.", "label": "Available-for-sale Securities, Gross Unrealized Gain", "terseLabel": "Available-for-sale Securities, Gross Unrealized Gain", "verboseLabel": "Available-for-sale securities, gross unrealized gains" } } }, "localname": "AvailableForSaleSecuritiesGrossUnrealizedGains", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesGrossUnrealizedLoss": { "auth_ref": [ "r178" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized loss before deducting unrealized gain on investments in available-for-sale securities.", "label": "Available-for-sale Securities, Gross Unrealized Loss", "negatedTerseLabel": "Available-for-sale securities, gross unrealized losses", "terseLabel": "Available-for-sale Securities, Gross Unrealized Loss" } } }, "localname": "AvailableForSaleSecuritiesGrossUnrealizedLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AwardTypeAxis": { "auth_ref": [ "r255", "r283" ], "lang": { "en-US": { "role": { "documentation": "Information by award type pertaining to equity-based compensation.", "label": "Award Type [Axis]", "terseLabel": "Award Type [Axis]" } } }, "localname": "AwardTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BridgeLoan": { "auth_ref": [ "r20", "r382", "r409" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Short-Term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called swing loan or bridge financing.", "label": "Bridge Loan", "terseLabel": "Bridge Loan" } } }, "localname": "BridgeLoan", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BridgeLoanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financing which is expected to be replaced by a medium to long-term loan. The loan \"bridges\" the gap in time when otherwise no financing would be in place.", "label": "Bridge Loan [Member]", "terseLabel": "Bridge Loan [Member]" } } }, "localname": "BridgeLoanMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BusinessAcquisitionAcquireeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree.", "label": "Business Acquisition, Acquiree [Domain]", "terseLabel": "Business Acquisition, Acquiree [Domain]" } } }, "localname": "BusinessAcquisitionAcquireeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BusinessAcquisitionAxis": { "auth_ref": [ "r323", "r324" ], "lang": { "en-US": { "role": { "documentation": "Information by business combination or series of individually immaterial business combinations.", "label": "Business Acquisition [Axis]", "terseLabel": "Business Acquisition [Axis]" } } }, "localname": "BusinessAcquisitionAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusinessDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock": { "auth_ref": [ "r1", "r123", "r160" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).", "label": "Business Description and Basis of Presentation [Text Block]", "terseLabel": "Description of Business" } } }, "localname": "BusinessDescriptionAndBasisOfPresentationTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/DescriptionOfBusiness" ], "xbrltype": "textBlockItemType" }, "us-gaap_CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member": { "auth_ref": [ "r247" ], "lang": { "en-US": { "role": { "documentation": "Calculated under guidance for revenue recognition in effect prior to change to new guidance for revenue from contract with customer when using transition method for cumulative effect in period including initial date of application.", "label": "Calculated under Revenue Guidance in Effect before Topic 606 [Member]", "terseLabel": "Calculated under Revenue Guidance in Effect before Topic 606 [Member]" } } }, "localname": "CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "auth_ref": [ "r2", "r38", "r107" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash and Cash Equivalents, at Carrying Value", "periodEndLabel": "Cash and cash equivalents, ending", "periodStartLabel": "Cash and cash equivalents, beginning", "terseLabel": "Cash and cash equivalents" } } }, "localname": "CashAndCashEquivalentsAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.", "label": "Cash and Cash Equivalents, Period Increase (Decrease)", "totalLabel": "Increase in cash and cash equivalents" } } }, "localname": "CashAndCashEquivalentsPeriodIncreaseDecrease", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsPolicyTextBlock": { "auth_ref": [ "r11", "r108", "r112", "r172" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.", "label": "Cash and Cash Equivalents, Policy [Policy Text Block]", "terseLabel": "Cash and Cash Equivalents" } } }, "localname": "CashAndCashEquivalentsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CashFlowSupplementalDisclosuresTextBlock": { "auth_ref": [ "r110" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.", "label": "Cash Flow, Supplemental Disclosures [Text Block]", "terseLabel": "Supplemental Cash Flow Information" } } }, "localname": "CashFlowSupplementalDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SupplementalCashFlowInformation" ], "xbrltype": "textBlockItemType" }, "us-gaap_ClassOfStockDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock.", "label": "Class of Stock [Domain]", "terseLabel": "Class of Stock [Domain]" } } }, "localname": "ClassOfStockDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "http://www.acaciaresearch.com/role/StockholdersEquityDetails", "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "domainItemType" }, "us-gaap_ClassOfStockLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Class of Stock [Line Items]", "terseLabel": "Class of Stock [Line Items]" } } }, "localname": "ClassOfStockLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingencies": { "auth_ref": [ "r48", "r222", "r393", "r415" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.", "label": "Commitments and Contingencies", "terseLabel": "Commitments and contingencies (Note 10)" } } }, "localname": "CommitmentsAndContingencies", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r221", "r225" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies Disclosure [Text Block]", "terseLabel": "Commitments and Contingencies" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommonStockCapitalSharesReservedForFutureIssuance": { "auth_ref": [ "r50" ], "lang": { "en-US": { "role": { "documentation": "Aggregate number of common shares reserved for future issuance.", "label": "Common Stock, Capital Shares Reserved for Future Issuance", "terseLabel": "Number of shares of common stock reserved for issuance" } } }, "localname": "CommonStockCapitalSharesReservedForFutureIssuance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockDividendsPerShareCashPaid": { "auth_ref": [ "r238" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends paid during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Cash Paid", "terseLabel": "Common Stock, Dividends, Per Share, Cash Paid" } } }, "localname": "CommonStockDividendsPerShareCashPaid", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockDividendsPerShareDeclared": { "auth_ref": [ "r238" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Declared", "terseLabel": "Dividends declared, per share" } } }, "localname": "CommonStockDividendsPerShareDeclared", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]", "terseLabel": "Common Stock [Member]" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r28" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common Stock, Par or Stated Value Per Share", "terseLabel": "Common stock, par value per share" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r28" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common Stock, Shares Authorized", "terseLabel": "Common stock, shares authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r28" ], "lang": { "en-US": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common Stock, Shares, Issued", "terseLabel": "Common stock, shares issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r28", "r231" ], "lang": { "en-US": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Common Stock, Shares, Outstanding", "periodEndLabel": "Common stock, shares outstanding", "periodStartLabel": "Common stock, shares outstanding", "terseLabel": "Common stock, shares outstanding" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r28" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common Stock, Value, Issued", "terseLabel": "Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,639,319 shares issued and outstanding as of December 31, 2018 and 50,639,926 shares issued and outstanding as of December 31, 2017" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_CompensationAndRetirementDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Retirement Benefits [Abstract]" } } }, "localname": "CompensationAndRetirementDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Components of Deferred Tax Liabilities [Abstract]", "terseLabel": "Deferred tax liabilities:" } } }, "localname": "ComponentsOfDeferredTaxLiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ComprehensiveIncomeNetOfTax": { "auth_ref": [ "r68", "r70", "r71" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "totalLabel": "Comprehensive income" } } }, "localname": "ComprehensiveIncomeNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest": { "auth_ref": [ "r68", "r70", "r329", "r337" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 1.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest", "totalLabel": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest" } } }, "localname": "ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "monetaryItemType" }, "us-gaap_ConcentrationRiskBenchmarkDomain": { "auth_ref": [ "r154", "r155", "r355", "r356" ], "lang": { "en-US": { "role": { "documentation": "The denominator in a calculation of a disclosed concentration risk percentage.", "label": "Concentration Risk Benchmark [Domain]", "terseLabel": "Concentration Risk Benchmark [Domain]" } } }, "localname": "ConcentrationRiskBenchmarkDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ConcentrationRiskByBenchmarkAxis": { "auth_ref": [ "r154", "r155", "r355", "r356", "r425" ], "lang": { "en-US": { "role": { "documentation": "Information by benchmark of concentration risk.", "label": "Concentration Risk Benchmark [Axis]", "terseLabel": "Concentration Risk by Benchmark [Axis]" } } }, "localname": "ConcentrationRiskByBenchmarkAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskByTypeAxis": { "auth_ref": [ "r154", "r155", "r355", "r356", "r425" ], "lang": { "en-US": { "role": { "documentation": "Information by type of concentration risk, for example, but not limited to, asset, liability, net assets, geographic, customer, employees, supplier, lender.", "label": "Concentration Risk Type [Axis]", "terseLabel": "Concentration Risk Type [Axis]" } } }, "localname": "ConcentrationRiskByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskCreditRisk": { "auth_ref": [ "r150", "r403" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for credit risk.", "label": "Concentration Risk, Credit Risk, Policy [Policy Text Block]", "terseLabel": "Concentrations of Credit Risk" } } }, "localname": "ConcentrationRiskCreditRisk", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConcentrationRiskLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Concentration Risk [Line Items]", "terseLabel": "Concentration Risk [Line Items]" } } }, "localname": "ConcentrationRiskLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskPercentage1": { "auth_ref": [ "r154", "r155", "r355", "r356" ], "lang": { "en-US": { "role": { "documentation": "For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the \"benchmark\" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.", "label": "Concentration Risk, Percentage", "terseLabel": "Concentration risk, percentage" } } }, "localname": "ConcentrationRiskPercentage1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ConcentrationRiskTable": { "auth_ref": [ "r153", "r154", "r155", "r156", "r355", "r357" ], "lang": { "en-US": { "role": { "documentation": "Describes the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.", "label": "Concentration Risk [Table]", "terseLabel": "Concentration Risk [Table]" } } }, "localname": "ConcentrationRiskTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy": { "auth_ref": [ "r112", "r114", "r330", "r339", "r341", "r342" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest.", "label": "Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]", "terseLabel": "Consolidation, Subsidiaries or Other Investments, Consolidated Entities" } } }, "localname": "ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CostAndEquityMethodInvestmentsDisclosureTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses).", "label": "Cost and Equity Method Investments Disclosure [Text Block]", "terseLabel": "Investments and Other Noncurrent Assets [Text Block]" } } }, "localname": "CostAndEquityMethodInvestmentsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsNotes" ], "xbrltype": "textBlockItemType" }, "us-gaap_CostOfRevenueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Cost of Revenue [Abstract]", "terseLabel": "Portfolio operations:" } } }, "localname": "CostOfRevenueAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.", "label": "Cumulative Effect of New Accounting Principle in Period of Adoption", "terseLabel": "Cumulative Effect of New Accounting Principle in Period of Adoption" } } }, "localname": "CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentFederalTaxExpenseBenefit": { "auth_ref": [ "r116", "r314", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current Federal Tax Expense (Benefit)", "terseLabel": "Federal" } } }, "localname": "CurrentFederalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentForeignTaxExpenseBenefit": { "auth_ref": [ "r119", "r316" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 3.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current Foreign Tax Expense (Benefit)", "terseLabel": "Foreign taxes" } } }, "localname": "CurrentForeignTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefit": { "auth_ref": [ "r116", "r314", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.", "label": "Current Income Tax Expense (Benefit)", "totalLabel": "Total current" } } }, "localname": "CurrentIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Current Income Tax Expense (Benefit), Continuing Operations [Abstract]", "terseLabel": "Current:" } } }, "localname": "CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CurrentStateAndLocalTaxExpenseBenefit": { "auth_ref": [ "r116", "r314", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current State and Local Tax Expense (Benefit)", "terseLabel": "State taxes" } } }, "localname": "CurrentStateAndLocalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentConvertibleConversionPrice1": { "auth_ref": [ "r227" ], "lang": { "en-US": { "role": { "documentation": "The price per share of the conversion feature embedded in the debt instrument.", "label": "Debt Instrument, Convertible, Conversion Price", "terseLabel": "Debt Instrument, Convertible, Conversion Price" } } }, "localname": "DebtInstrumentConvertibleConversionPrice1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_DebtSecuritiesTradingUnrealizedGain": { "auth_ref": [ "r186" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized gain on investment in debt security measured at fair value with change in fair value recognized in net income (trading).", "label": "Debt Securities, Trading, Unrealized Gain", "terseLabel": "Debt Securities, Trading, Unrealized Gain" } } }, "localname": "DebtSecuritiesTradingUnrealizedGain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtSecuritiesTradingUnrealizedLoss": { "auth_ref": [ "r186" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized loss on investment in debt security measured at fair value with change in fair value recognized in net income (trading).", "label": "Debt Securities, Trading, Unrealized Loss", "terseLabel": "Debt Securities, Trading, Unrealized Loss" } } }, "localname": "DebtSecuritiesTradingUnrealizedLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredFederalIncomeTaxExpenseBenefit": { "auth_ref": [ "r116", "r315", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Federal Income Tax Expense (Benefit)", "terseLabel": "Federal" } } }, "localname": "DeferredFederalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "auth_ref": [ "r105", "r116", "r315", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Income Tax Expense (Benefit)", "totalLabel": "Total deferred" } } }, "localname": "DeferredIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]", "terseLabel": "Deferred:" } } }, "localname": "DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredIncomeTaxLiabilities": { "auth_ref": [ "r24", "r25", "r304", "r383", "r405" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 1.0, "parentTag": "actg_DeferredTaxLiabilitiesNetOfDeferredTaxAssets", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences.", "label": "Deferred Tax Liabilities, Gross", "negatedTotalLabel": "Deferred Tax Liabilities, Gross" } } }, "localname": "DeferredIncomeTaxLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredProfitSharingMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "An arrangement whereby an employee is entitled to receive in the future, subject to vesting and other restrictions, a share in the profits, as defined in the agreement, of the entity or portion thereof. Employer contributions may be discretionary or may be based on a fixed formula related to profits, compensation, or other factors. It is a form of incentive compensation to employees in addition to their regular salary and bonuses.", "label": "Deferred Profit Sharing [Member]", "terseLabel": "Deferred Profit Sharing [Member]" } } }, "localname": "DeferredProfitSharingMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit": { "auth_ref": [ "r116", "r315", "r318" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred State and Local Income Tax Expense (Benefit)", "terseLabel": "State taxes" } } }, "localname": "DeferredStateAndLocalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetDomain": { "auth_ref": [ "r307" ], "lang": { "en-US": { "role": { "documentation": "Identification of the deferred tax asset for which a valuation reserve exists.", "label": "Deferred Tax Asset [Domain]", "terseLabel": "Deferred Tax Asset [Domain]" } } }, "localname": "DeferredTaxAssetDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DeferredTaxAssetsDeferredIncome": { "auth_ref": [ "r290", "r312", "r313" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income.", "label": "Deferred Tax Assets, Deferred Income", "terseLabel": "Deferred Tax Assets, Deferred Income" } } }, "localname": "DeferredTaxAssetsDeferredIncome", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsGross": { "auth_ref": [ "r305" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredTaxAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.", "label": "Deferred Tax Assets, Gross", "terseLabel": "Deferred Tax Assets, Gross", "totalLabel": "Total deferred tax assets" } } }, "localname": "DeferredTaxAssetsGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails", "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsGrossAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Tax Assets, Gross [Abstract]", "terseLabel": "Deferred tax assets:" } } }, "localname": "DeferredTaxAssetsGrossAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredTaxAssetsInvestmentInSubsidiaries": { "auth_ref": [ "r290", "r312", "r313" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 3.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the entity's investment in its wholly-owned subsidiaries.", "label": "Deferred Tax Assets, Investment in Subsidiaries", "terseLabel": "Basis of investments in affiliates" } } }, "localname": "DeferredTaxAssetsInvestmentInSubsidiaries", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsNet": { "auth_ref": [ "r306" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 2.0, "parentTag": "actg_DeferredTaxLiabilitiesNetOfDeferredTaxAssets", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.", "label": "Deferred Tax Assets, Net of Valuation Allowance", "totalLabel": "Net deferred taxes" } } }, "localname": "DeferredTaxAssetsNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwards": { "auth_ref": [ "r289", "r312", "r313" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.", "label": "Deferred Tax Assets, Operating Loss Carryforwards", "terseLabel": "Net operating losses included in deferred tax assets" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwards", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOtherComprehensiveLoss": { "auth_ref": [ "r290", "r312", "r313", "r319" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 8.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses in other comprehensive income.", "label": "Deferred Tax Assets, Other Comprehensive Loss", "terseLabel": "Unrealized loss on short-term investments" } } }, "localname": "DeferredTaxAssetsOtherComprehensiveLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsStateTaxes": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 5.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from state taxes.", "label": "Deferred Tax Assets, State Taxes", "terseLabel": "Deferred Tax Assets, State Taxes" } } }, "localname": "DeferredTaxAssetsStateTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost": { "auth_ref": [ "r289", "r312", "r313" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.", "label": "Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost", "terseLabel": "Stock compensation" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities": { "auth_ref": [ "r289", "r312", "r313" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 4.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities.", "label": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities", "terseLabel": "Accrued liabilities and other" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsValuationAllowance": { "auth_ref": [ "r307" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredTaxAssetsNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.", "label": "Deferred Tax Assets, Valuation Allowance", "negatedTerseLabel": "Less: valuation allowance", "terseLabel": "Deferred tax assets, valuation allowance" } } }, "localname": "DeferredTaxAssetsValuationAllowance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails", "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesNoncurrent": { "auth_ref": [ "r294", "r295", "r296" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.", "label": "Deferred Tax Liabilities, Net, Noncurrent", "terseLabel": "Deferred income taxes" } } }, "localname": "DeferredTaxLiabilitiesNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesOther": { "auth_ref": [ "r290", "r312", "r313" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredIncomeTaxLiabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences classified as other.", "label": "Deferred Tax Liabilities, Other", "negatedTerseLabel": "Other" } } }, "localname": "DeferredTaxLiabilitiesOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDeferredTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities": { "auth_ref": [ "r290", "r312", "r313" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from unrealized gains on trading securities.", "label": "Deferred Tax Liabilities, Unrealized Gains on Trading Securities", "terseLabel": "Deferred Tax Liabilities, Other" } } }, "localname": "DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationDepletionAndAmortization": { "auth_ref": [ "r105", "r164" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.", "label": "Depreciation, Depletion and Amortization", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationDepletionAndAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member": { "auth_ref": [ "r247" ], "lang": { "en-US": { "role": { "documentation": "Effect in current period from application of guidance for revenue from contract with customer compared with guidance for revenue recognition applicable prior to change when using transition method for cumulative effect in period including initial date of application.", "label": "Difference between Revenue Guidance in Effect before and after Topic 606 [Member]", "terseLabel": "Difference between Revenue Guidance in Effect before and after Topic 606 [Member]" } } }, "localname": "DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DisaggregationOfRevenueTableTextBlock": { "auth_ref": [ "r245" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.", "label": "Disaggregation of Revenue [Table Text Block]", "terseLabel": "Disaggregation of Revenue [Table Text Block]" } } }, "localname": "DisaggregationOfRevenueTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "auth_ref": [ "r243", "r288" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.", "label": "Disclosure of Compensation Related Costs, Share-based Payments [Text Block]", "terseLabel": "Stock-based Incentive Plans" } } }, "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlans" ], "xbrltype": "textBlockItemType" }, "us-gaap_DomesticCountryMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Designated tax department of the government that is entitled to levy and collect income taxes from the entity in its country of domicile.", "label": "Domestic Tax Authority [Member]", "terseLabel": "Domestic Tax Authority [Member]" } } }, "localname": "DomesticCountryMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r75", "r125", "r132", "r136", "r137", "r138", "r142", "r398", "r419" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Earnings Per Share, Basic", "terseLabel": "Basic and diluted loss per common share" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareBasicAndDiluted": { "auth_ref": [ "r137" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Earnings Per Share, Basic and Diluted", "terseLabel": "Earnings Per Share, Basic and Diluted" } } }, "localname": "EarningsPerShareBasicAndDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerSharePolicyTextBlock": { "auth_ref": [ "r112", "r139", "r140", "r141" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.", "label": "Earnings Per Share, Policy [Policy Text Block]", "terseLabel": "Earnings Per Share" } } }, "localname": "EarningsPerSharePolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r118", "r297", "r298" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate Reconciliation, Percent", "terseLabel": "Effective Income Tax Rate Reconciliation, Percent", "totalLabel": "Total" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails", "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Effective Income Tax Rate Reconciliation, Percent [Abstract]", "terseLabel": "Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 1.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss).", "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent", "terseLabel": "Statutory federal tax rate" } } }, "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 6.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets.", "label": "Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent", "terseLabel": "Valuation allowance" } } }, "localname": "EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 7.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates.", "label": "Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent", "negatedTerseLabel": "Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent" } } }, "localname": "EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 4.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to noncontrolling interest income (loss) exempt from income taxes.", "label": "Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent", "terseLabel": "Noncontrolling interests in operating subsidiaries" } } }, "localname": "EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 5.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses.", "label": "Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent", "terseLabel": "Non deductible permanent items" } } }, "localname": "EffectiveIncomeTaxRateReconciliationNondeductibleExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 2.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).", "label": "Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent", "terseLabel": "State income and foreign taxes, net of federal tax effect" } } }, "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsForeign": { "auth_ref": [ "r297", "r298", "r317" ], "calculation": { "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails": { "order": 3.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign tax credit.", "label": "Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent", "terseLabel": "Foreign tax credit" } } }, "localname": "EffectiveIncomeTaxRateReconciliationTaxCreditsForeign", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EmployeeRelatedLiabilitiesCurrent": { "auth_ref": [ "r46" ], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 1.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Employee-related Liabilities, Current", "terseLabel": "Payroll and other employee benefits" } } }, "localname": "EmployeeRelatedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": { "auth_ref": [ "r282" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Unrecognized cost of unvested share-based compensation awards.", "label": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized", "terseLabel": "Total unrecognized compensation expense for nonvested awards", "verboseLabel": "Unrecognized Compensation Expense Options" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1": { "auth_ref": [ "r282" ], "lang": { "en-US": { "role": { "documentation": "Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition", "terseLabel": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition", "verboseLabel": "Weighted average period over which unrecognized compensation expense will be recognized" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_EmployeeStockOptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "An arrangement whereby an employee is entitled to receive in the future, subject to vesting and other restrictions, a number of shares in the entity at a specified price, as defined in the agreement. Although there are variations, normally, after vesting, when an option is exercised, the employee-holder pays the strike value in cash to the issuing employer-entity and receives equity shares. The equity shares can be sold into the market for cash at the current market price without restriction. Options may be used to attract, retain and incentivize employees, in addition to their regular salary and other benefits.", "label": "Employee Stock Option [Member]", "terseLabel": "Employee Stock Option [Member]" } } }, "localname": "EmployeeStockOptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r231" ], "lang": { "en-US": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]", "terseLabel": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityMethodInvestmentOwnershipPercentage": { "auth_ref": [ "r189" ], "lang": { "en-US": { "role": { "documentation": "The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.", "label": "Equity Method Investment, Ownership Percentage", "terseLabel": "Equity Method Investment, Ownership Percentage" } } }, "localname": "EquityMethodInvestmentOwnershipPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EquityMethodInvestments": { "auth_ref": [ "r39", "r168", "r188" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.", "label": "Equity Method Investments", "terseLabel": "Equity Method Investments" } } }, "localname": "EquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_EquityMethodInvestmentsPolicy": { "auth_ref": [ "r39", "r100", "r112", "r190", "r358" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received.", "label": "Equity Method Investments [Policy Text Block]", "terseLabel": "Equity Method Investments [Policy Text Block]" } } }, "localname": "EquityMethodInvestmentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities": { "auth_ref": [ "r286" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes.", "label": "Excess Tax Benefit from Share-based Compensation, Financing Activities", "terseLabel": "Excess tax benefits from stock-based compensation" } } }, "localname": "ExcessTaxBenefitFromShareBasedCompensationFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock": { "auth_ref": [ "r348", "r349" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.", "label": "Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]", "terseLabel": "Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock": { "auth_ref": [ "r343", "r344", "r345" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).", "label": "Fair Value, Assets Measured on Recurring Basis [Table Text Block]", "terseLabel": "Fair Value, Assets Measured on Recurring Basis [Table Text Block]" } } }, "localname": "FairValueAssetsMeasuredOnRecurringBasisTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": { "auth_ref": [ "r347", "r351" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]", "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]" } } }, "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "auth_ref": [ "r249", "r250", "r252", "r345", "r372" ], "lang": { "en-US": { "role": { "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Hierarchy and NAV [Axis]", "terseLabel": "Fair Value Hierarchy and NAV [Axis]" } } }, "localname": "FairValueByFairValueHierarchyLevelAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "localname": "FairValueDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresTextBlock": { "auth_ref": [ "r353" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.", "label": "Fair Value Disclosures [Text Block]", "terseLabel": "Fair Value Disclosures [Text Block]" } } }, "localname": "FairValueDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/FairValueDisclosuresNotes" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueInputsLevel1Member": { "auth_ref": [ "r249", "r250", "r252", "r345", "r373" ], "lang": { "en-US": { "role": { "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.", "label": "Fair Value, Inputs, Level 1 [Member]", "terseLabel": "Fair Value, Inputs, Level 1 [Member]" } } }, "localname": "FairValueInputsLevel1Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel2Member": { "auth_ref": [ "r249", "r250", "r252", "r345", "r374" ], "lang": { "en-US": { "role": { "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.", "label": "Fair Value, Inputs, Level 2 [Member]", "terseLabel": "Fair Value, Inputs, Level 2 [Member]" } } }, "localname": "FairValueInputsLevel2Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel3Member": { "auth_ref": [ "r249", "r250", "r252", "r345", "r375" ], "lang": { "en-US": { "role": { "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Inputs, Level 3 [Member]", "terseLabel": "Fair Value, Inputs, Level 3 [Member]" } } }, "localname": "FairValueInputsLevel3Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.", "label": "Fair Value Measurement, Policy [Policy Text Block]", "terseLabel": "Fair Value Measurements" } } }, "localname": "FairValueMeasurementPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue": { "auth_ref": [ "r347" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value", "terseLabel": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.", "label": "Fair Value Hierarchy and NAV [Domain]", "terseLabel": "Fair Value Hierarchy and NAV [Domain]" } } }, "localname": "FairValueMeasurementsFairValueHierarchyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock": { "auth_ref": [ "r347", "r350" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]", "terseLabel": "Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]" } } }, "localname": "FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "auth_ref": [ "r112", "r352", "r354" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments.", "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]", "terseLabel": "Fair Value of Financial Instruments" } } }, "localname": "FairValueOfFinancialInstrumentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_FinancialInstrumentAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of financial instrument.", "label": "Financial Instrument [Axis]", "terseLabel": "Financial Instrument [Axis]" } } }, "localname": "FinancialInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetUsefulLife": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Finite-Lived Intangible Asset, Useful Life", "terseLabel": "Patents, useful life" } } }, "localname": "FiniteLivedIntangibleAssetUsefulLife", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "durationItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, after Year Five", "terseLabel": "After Year Five" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": { "auth_ref": [ "r205" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months", "terseLabel": "2018" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive": { "auth_ref": [ "r205" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Five", "terseLabel": "2022" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFive", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": { "auth_ref": [ "r205" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Four", "terseLabel": "2021" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": { "auth_ref": [ "r205" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Three", "terseLabel": "2020" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": { "auth_ref": [ "r205" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Two", "terseLabel": "2019" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": { "auth_ref": [ "r199", "r201", "r203", "r206", "r377" ], "lang": { "en-US": { "role": { "documentation": "Information by major type or class of finite-lived intangible assets.", "label": "Finite-Lived Intangible Assets by Major Class [Axis]", "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]" } } }, "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Finite-Lived Intangible Assets [Line Items]", "terseLabel": "Patents [Line Items]" } } }, "localname": "FiniteLivedIntangibleAssetsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": { "auth_ref": [ "r199", "r202" ], "lang": { "en-US": { "role": { "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.", "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]", "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]" } } }, "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FiscalPeriod": { "auth_ref": [ "r326", "r338", "r340" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.", "label": "Fiscal Period, Policy [Policy Text Block]", "terseLabel": "Fiscal Period" } } }, "localname": "FiscalPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ForeignCurrencyTransactionGainLossUnrealized": { "auth_ref": [ "r106", "r359", "r360", "r361" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement.", "label": "Foreign Currency Transaction Gain (Loss), Unrealized", "terseLabel": "Foreign Currency Transaction Gain (Loss), Unrealized" } } }, "localname": "ForeignCurrencyTransactionGainLossUnrealized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_FurnitureAndFixturesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.", "label": "Furniture and Fixtures [Member]", "terseLabel": "Furniture and Fixtures [Member]" } } }, "localname": "FurnitureAndFixturesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_GeneralAndAdministrativeExpense": { "auth_ref": [ "r82" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.", "label": "General and Administrative Expense", "negatedLabel": "Marketing, general and administrative expenses (including non-cash stock compensation expense)", "terseLabel": "General and administrative expenses (including non-cash stock compensation expense (credit) of ($317) in 2018 and $8,885 in 2017)" } } }, "localname": "GeneralAndAdministrativeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Goodwill": { "auth_ref": [ "r191", "r193" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill", "terseLabel": "Goodwill" } } }, "localname": "Goodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Goodwill and Intangible Assets Disclosure [Abstract]" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock": { "auth_ref": [ "r208" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for goodwill and intangible assets.", "label": "Goodwill and Intangible Assets Disclosure [Text Block]", "terseLabel": "Goodwill and Intangible Assets Disclosure [Text Block]" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesNotes" ], "xbrltype": "textBlockItemType" }, "us-gaap_GoodwillImpairmentLoss": { "auth_ref": [ "r105", "r192", "r194", "r196" ], "calculation": { "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 9.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill, Impairment Loss", "terseLabel": "Goodwill, Impairment Loss", "verboseLabel": "Impairment of Goodwill" } } }, "localname": "GoodwillImpairmentLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails", "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Goodwill [Line Items]", "terseLabel": "Goodwill [Line Items]" } } }, "localname": "GoodwillLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_GrossProfit": { "auth_ref": [ "r79" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.", "label": "Gross Profit", "terseLabel": "Gross Profit" } } }, "localname": "GrossProfit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill": { "auth_ref": [ "r105", "r207" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value.", "label": "Impairment of Intangible Assets (Excluding Goodwill)", "terseLabel": "Impairment of Intangible Assets (Excluding Goodwill)" } } }, "localname": "ImpairmentOfIntangibleAssetsExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ImpairmentOfIntangibleAssetsFinitelived": { "auth_ref": [ "r105", "r207" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 6.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 6.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value.", "label": "Impairment of Intangible Assets, Finite-lived", "terseLabel": "Impairment of Patent-Related Intangible Assets" } } }, "localname": "ImpairmentOfIntangibleAssetsFinitelived", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/PatentsDetails", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock": { "auth_ref": [ "r112", "r209", "r215" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.", "label": "Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]", "terseLabel": "Impairment of Long-Lived Assets" } } }, "localname": "ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": { "auth_ref": [ "r72", "r125", "r378", "r396", "r421" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_ProfitLoss", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "us-gaap_ProfitLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest", "terseLabel": "Income (loss) from operations before provision for income taxes", "totalLabel": "Income (loss) from operations before (provision for) benefit from income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromEquityMethodInvestments": { "auth_ref": [ "r73", "r105", "r165", "r188", "r394", "r417" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.", "label": "Income (Loss) from Equity Method Investments", "terseLabel": "Income (Loss) from Equity Method Investments" } } }, "localname": "IncomeLossFromEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationAxis": { "auth_ref": [ "r213" ], "lang": { "en-US": { "role": { "documentation": "Information by location in the income statement.", "label": "Income Statement Location [Axis]", "terseLabel": "Income Statement Location [Axis]" } } }, "localname": "IncomeStatementLocationAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Location in the income statement.", "label": "Income Statement Location [Domain]", "terseLabel": "Income Statement Location [Domain]" } } }, "localname": "IncomeStatementLocationDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxAuthorityAxis": { "auth_ref": [ "r300" ], "lang": { "en-US": { "role": { "documentation": "Information by tax jurisdiction.", "label": "Income Tax Authority [Axis]", "terseLabel": "Income Tax Authority [Axis]" } } }, "localname": "IncomeTaxAuthorityAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxAuthorityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Agency, division or body classification that levies income taxes, examines tax returns for compliance, or grants exemptions from or makes other decisions pertaining to income taxes.", "label": "Income Tax Authority [Domain]", "terseLabel": "Income Tax Authority [Domain]" } } }, "localname": "IncomeTaxAuthorityDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r322" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "terseLabel": "Income Taxes" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r116", "r166", "r320" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_ProfitLoss", "weight": -1.0 }, "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "us-gaap_ProfitLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "negatedLabel": "(Provision) benefit for income taxes", "negatedTerseLabel": "Provision for income taxes", "totalLabel": "(Provision) benefit for income taxes" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/IncomeTaxesProvisionForTaxesDetails", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxPolicyTextBlock": { "auth_ref": [ "r112", "r292", "r293", "r302", "r303", "r309", "r321", "r435" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.", "label": "Income Tax, Policy [Policy Text Block]", "terseLabel": "Income Taxes" } } }, "localname": "IncomeTaxPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxReceivable": { "auth_ref": [ "r37", "r404" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of income taxes previously overpaid to tax authorities (such as U.S. Federal, state and local tax authorities) representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Also called income tax refund receivable.", "label": "Income Taxes Receivable", "terseLabel": "Income Taxes Receivable" } } }, "localname": "IncomeTaxReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SupplementalCashFlowInformationDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate": { "auth_ref": [ "r115", "r297", "r298" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations.", "label": "Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount", "terseLabel": "Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount" } } }, "localname": "IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": { "auth_ref": [ "r104" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.", "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities", "terseLabel": "Accounts payable and accrued expenses / costs" } } }, "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsReceivable": { "auth_ref": [ "r104" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.", "label": "Increase (Decrease) in Accounts Receivable", "terseLabel": "Accounts receivable" } } }, "localname": "IncreaseDecreaseInAccountsReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract]", "terseLabel": "Changes in assets and liabilities:" } } }, "localname": "IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets": { "auth_ref": [ "r104" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in prepaid expenses, and assets classified as other.", "label": "Increase (Decrease) in Prepaid Expense and Other Assets", "terseLabel": "Prepaid expenses and other assets" } } }, "localname": "IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInRestrictedCash": { "auth_ref": [ "r90", "r94" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities.", "label": "Increase (Decrease) in Restricted Cash", "terseLabel": "Increase (Decrease) in Restricted Cash" } } }, "localname": "IncreaseDecreaseInRestrictedCash", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]" } } }, "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_IntangibleAssetsDisclosureTextBlock": { "auth_ref": [ "r208" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for all or part of the information related to intangible assets.", "label": "Intangible Assets Disclosure [Text Block]", "terseLabel": "Patents" } } }, "localname": "IntangibleAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/Patents" ], "xbrltype": "textBlockItemType" }, "us-gaap_InterestAndOtherIncome": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business).", "label": "Interest and Other Income", "terseLabel": "Total other income (expense)" } } }, "localname": "InterestAndOtherIncome", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestIncomeOther": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of interest income earned from interest bearing assets classified as other.", "label": "Interest Income, Other", "terseLabel": "Interest income and other" } } }, "localname": "InterestIncomeOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestReceivable": { "auth_ref": [ "r56" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.", "label": "Interest Receivable", "terseLabel": "Interest Receivable" } } }, "localname": "InterestReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InternalRevenueServiceIRSMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Designated tax department of the United States of America government entitled to levy and collect income taxes from the entity.", "label": "Internal Revenue Service (IRS) [Member]", "terseLabel": "Internal Revenue Service (IRS) [Member]" } } }, "localname": "InternalRevenueServiceIRSMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InvestmentIncomeInterest": { "auth_ref": [ "r83", "r163" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.", "label": "Investment Income, Interest", "terseLabel": "Investment Income, Interest" } } }, "localname": "InvestmentIncomeInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentOwnedBalanceShares": { "auth_ref": [ "r426", "r428", "r430", "r432" ], "lang": { "en-US": { "role": { "documentation": "Balance held at close of period in number of shares.", "label": "Investment Owned, Balance, Shares", "terseLabel": "Investment Owned, Balance, Shares" } } }, "localname": "InvestmentOwnedBalanceShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_InvestmentTypeAxis": { "auth_ref": [ "r427", "r429", "r431", "r433" ], "lang": { "en-US": { "role": { "documentation": "Information by type of investments.", "label": "Investment Type [Axis]", "terseLabel": "Investment Type [Axis]" } } }, "localname": "InvestmentTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_InvestmentTypeCategorizationMember": { "auth_ref": [ "r427", "r429", "r431", "r433" ], "lang": { "en-US": { "role": { "documentation": "Asset obtained to generate income or appreciate in value.", "label": "Investments [Domain]", "terseLabel": "Investments [Domain]" } } }, "localname": "InvestmentTypeCategorizationMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InvestmentsAllOtherInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investments, All Other Investments [Abstract]" } } }, "localname": "InvestmentsAllOtherInvestmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock": { "auth_ref": [ "r187", "r379", "r402", "r434" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for investments in certain debt and equity securities.", "label": "Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]", "terseLabel": "Short-Term Investments" } } }, "localname": "InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestments" ], "xbrltype": "textBlockItemType" }, "us-gaap_LeaseAndRentalExpense": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.", "label": "Operating Leases, Rent Expense", "terseLabel": "Rent expense" } } }, "localname": "LeaseAndRentalExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LeaseholdImprovementsMember": { "auth_ref": [ "r211" ], "lang": { "en-US": { "role": { "documentation": "Additions or improvements to assets held under a lease arrangement.", "label": "Leasehold Improvements [Member]", "terseLabel": "Leasehold Improvements [Member]" } } }, "localname": "LeaseholdImprovementsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r45" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "terseLabel": "Liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r34", "r385", "r413" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total liabilities and stockholders' equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities and Equity [Abstract]", "terseLabel": "Liabilities and Equity" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesCurrent": { "auth_ref": [ "r47" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.", "label": "Liabilities, Current", "terseLabel": "Liabilities, Current", "totalLabel": "Total current liabilities" } } }, "localname": "LiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesCurrentAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities, Current [Abstract]", "terseLabel": "Current liabilities:" } } }, "localname": "LiabilitiesCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesNoncurrent": { "auth_ref": [ "r8", "r9", "r10", "r22", "r23" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of obligation due after one year or beyond the normal operating cycle, if longer.", "label": "Liabilities, Noncurrent", "terseLabel": "Liabilities, Noncurrent" } } }, "localname": "LiabilitiesNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityCommitmentFeePercentage": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used.", "label": "Line of Credit Facility, Commitment Fee Percentage", "terseLabel": "Line of Credit Facility, Commitment Fee Percentage" } } }, "localname": "LineOfCreditFacilityCommitmentFeePercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LongTermInvestmentsAndReceivablesNet": { "auth_ref": [ "r39" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle) and amount due to the Entity from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such investments and receivables to an amount that approximates their net realizable value.", "label": "Long-term Investments and Receivables, Net", "terseLabel": "Loan receivable and accrued interest" } } }, "localname": "LongTermInvestmentsAndReceivablesNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyEstimateOfPossibleLoss": { "auth_ref": [ "r223", "r224", "r226" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.", "label": "Loss Contingency, Estimate of Possible Loss", "terseLabel": "Loss Contingency, Estimate of Possible Loss" } } }, "localname": "LossContingencyEstimateOfPossibleLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossOnSaleOfInvestments": { "auth_ref": [ "r76", "r77", "r105", "r395", "r420" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 13.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The difference between the carrying value and the sale price of an investment. A loss would be recognized when the sale price of the investment is less than the carrying value of the investment. This element refers to the Loss included in earnings and not to the cash proceeds of the sale.", "label": "Loss on Sale of Investments", "terseLabel": "Loss on Sale of Investments" } } }, "localname": "LossOnSaleOfInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_MarketableSecuritiesPolicy": { "auth_ref": [ "r401" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for investment classified as marketable security.", "label": "Marketable Securities, Policy [Policy Text Block]", "terseLabel": "Marketable Securities" } } }, "localname": "MarketableSecuritiesPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_MarketableSecuritiesTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.", "label": "Marketable Securities [Table Text Block]", "terseLabel": "Short-term Investments" } } }, "localname": "MarketableSecuritiesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_MinorityInterest": { "auth_ref": [ "r55", "r384", "r412" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).", "label": "Stockholders' Equity Attributable to Noncontrolling Interest", "terseLabel": "Noncontrolling interests in operating subsidiaries" } } }, "localname": "MinorityInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders": { "auth_ref": [ "r238" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.", "label": "Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders", "terseLabel": "Distributions to noncontrolling interests in operating subsidiary" } } }, "localname": "MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r101" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash provided by (used in) financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "terseLabel": "Cash flows from financing activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r101" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash provided by (used in) investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "terseLabel": "Cash flows from investing activities:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r101", "r103", "r106" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by (used in) operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Cash flows from operating activities:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r67", "r69", "r74", "r106", "r140", "r397", "r418" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income (loss) attributable to Acacia Research Corporation", "totalLabel": "Net income (loss) attributable to Acacia Research Corporation", "verboseLabel": "Net income (loss) attributable to Acacia Research Corporation" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": { "auth_ref": [ "r67", "r69", "r332", "r336" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 2.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": -1.0 }, "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest.", "label": "Net Income (Loss) Attributable to Noncontrolling Interest", "negatedLabel": "Net (income) loss attributable to noncontrolling interests in subsidiaries", "terseLabel": "Net (income) loss attributable to noncontrolling interests in subsidiaries" } } }, "localname": "NetIncomeLossAttributableToNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "auth_ref": [ "r125", "r130" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "terseLabel": "Net Loss Available to Common Stockholders, Basic and Diluted" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted": { "auth_ref": [ "r130", "r131" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Diluted", "terseLabel": "Net Income (Loss) Available to Common Stockholders, Diluted" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Sources of change to generally accepted accounting principles (GAAP) in the United States. The FASB released the FASB Accounting Standards Codification as the authoritative source of literature effective for interim and annual periods ending after September 15, 2009. As part of the Codification process, the FASB issues \"Accounting Standards Updates\" to amend the Codification but otherwise the Accounting Standards Updates are not authoritative in their own right. All previous accounting standards (such as FASB Statements of Financial Accounting Standards, FASB Interpretations, FASB Staff Positions, Emerging Issues Task Force Consensuses, other pronouncements of the FASB or other designated bodies, or other forms of GAAP are considered accounting pronouncements) were superseded upon the adoption of the Codification. For an interim period, references to the superseded standards are included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.", "label": "Adjustments for New Accounting Pronouncement [Member]", "terseLabel": "Adjustments for New Accounting Pronouncement [Member]" } } }, "localname": "NewAccountingPronouncementMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock": { "auth_ref": [ "r128" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.", "label": "New Accounting Pronouncements and Changes in Accounting Principles [Text Block]", "terseLabel": "New Accounting Pronouncements and Changes in Accounting Principles [Text Block]" } } }, "localname": "NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsNotes" ], "xbrltype": "textBlockItemType" }, "us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "New Accounting Pronouncements or Change in Accounting Principle [Line Items]", "terseLabel": "New Accounting Pronouncements or Change in Accounting Principle [Line Items]" } } }, "localname": "NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable": { "auth_ref": [ "r124", "r126", "r127" ], "lang": { "en-US": { "role": { "documentation": "Summarization of the changes in an accounting principle or a new accounting pronouncement, including the line items affected by the change and the financial effects of the change on those particular line items.", "label": "New Accounting Pronouncements or Change in Accounting Principle [Table]", "terseLabel": "New Accounting Pronouncements or Change in Accounting Principle [Table]" } } }, "localname": "NewAccountingPronouncementsOrChangeInAccountingPrincipleTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "Recently Adopted Accounting Policies" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_NoncontrollingInterestInVariableInterestEntity": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Portion of equity (net assets) in a variable interest entity (VIE) not attributable, directly or indirectly, to the parent entity. That is, this is the portion of equity in a VIE that is attributable to the noncontrolling interest (previously referred to as minority interest).", "label": "Noncontrolling Interest in Variable Interest Entity", "terseLabel": "Noncontrolling interests" } } }, "localname": "NoncontrollingInterestInVariableInterestEntity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NoncontrollingInterestMember": { "auth_ref": [ "r327" ], "lang": { "en-US": { "role": { "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest.", "label": "Noncontrolling Interest [Member]", "terseLabel": "Noncontrolling Interests [Member]" } } }, "localname": "NoncontrollingInterestMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_OperatingCostsAndExpenses": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "actg_Netportfolioincomeloss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.", "label": "Operating Costs and Expenses", "totalLabel": "Total portfolio operations" } } }, "localname": "OperatingCostsAndExpenses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingCostsAndExpensesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Costs and Expenses [Abstract]", "terseLabel": "Operating costs and expenses:" } } }, "localname": "OperatingCostsAndExpensesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingExpenses": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.", "label": "Operating Expenses", "terseLabel": "Operating Expenses" } } }, "localname": "OperatingExpenses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingIncomeLoss": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net result for the period of deducting operating expenses from operating revenues.", "label": "Operating Income (Loss)", "totalLabel": "Operating loss" } } }, "localname": "OperatingIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDue": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.", "label": "Operating Leases, Future Minimum Payments Due", "totalLabel": "Total minimum lease payments" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]", "terseLabel": "Year:" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": 1.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments Due, Next Twelve Months", "terseLabel": "2018" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": 5.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Five Years", "terseLabel": "2022" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFiveYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": 4.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Four Years", "terseLabel": "2021" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFourYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": 3.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Three Years", "terseLabel": "2020" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInThreeYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears": { "auth_ref": [ "r367", "r368" ], "calculation": { "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails": { "order": 2.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Two Years", "terseLabel": "2019" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInTwoYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLossCarryforwards": { "auth_ref": [ "r310" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.", "label": "Operating Loss Carryforwards", "terseLabel": "Operating Loss Carryforwards" } } }, "localname": "OperatingLossCarryforwards", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAccruedLiabilitiesCurrent": { "auth_ref": [ "r5", "r6", "r7", "r46" ], "calculation": { "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails": { "order": 5.0, "parentTag": "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer.", "label": "Other Accrued Liabilities, Current", "terseLabel": "Other accrued liabilities" } } }, "localname": "OtherAccruedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAssetsNoncurrent": { "auth_ref": [ "r42" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 6.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of noncurrent assets classified as other.", "label": "Other Assets, Noncurrent", "terseLabel": "Other assets" } } }, "localname": "OtherAssetsNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax": { "auth_ref": [ "r58", "r61", "r362", "r363", "r364", "r365" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 3.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.", "label": "Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax", "terseLabel": "Unrealized gain on foreign currency translation" } } }, "localname": "OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]", "terseLabel": "Other comprehensive income (loss):" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "stringItemType" }, "us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax": { "auth_ref": [ "r61", "r64", "r65", "r185" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 4.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.", "label": "Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax", "negatedTerseLabel": "Add: reclassification adjustment for losses included in net income" } } }, "localname": "OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax": { "auth_ref": [ "r59", "r61" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 2.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities.", "label": "Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax", "terseLabel": "Unrealized loss on short-term investments" } } }, "localname": "OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherCostAndExpenseOperating": { "auth_ref": [ "r81" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 7.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 5.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.", "label": "Other Cost and Expense, Operating", "terseLabel": "Other" } } }, "localname": "OtherCostAndExpenseOperating", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherIncome": { "auth_ref": [ "r423" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue and income classified as other.", "label": "Other Income", "terseLabel": "Other Income" } } }, "localname": "OtherIncome", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherLiabilities": { "auth_ref": [ "r392" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities classified as other.", "label": "Other Liabilities", "terseLabel": "Other liabilities" } } }, "localname": "OtherLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingIncomeExpense": { "auth_ref": [ "r84" ], "calculation": { "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.", "label": "Other Nonoperating Income (Expense)", "terseLabel": "Total other income (expense)" } } }, "localname": "OtherNonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherOperatingActivitiesCashFlowStatement": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities).", "label": "Other Operating Activities, Cash Flow Statement", "terseLabel": "Other" } } }, "localname": "OtherOperatingActivitiesCashFlowStatement", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherOperatingIncomeExpenseNet": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.", "label": "Other Operating Income (Expense), Net", "terseLabel": "Other Operating Income (Expense), Net" } } }, "localname": "OtherOperatingIncomeExpenseNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PatentsMember": { "auth_ref": [ "r325" ], "lang": { "en-US": { "role": { "documentation": "Exclusive legal right granted by the government to the owner of the patent to exploit an invention or a process for a period of time specified by law.", "label": "Patents [Member]", "terseLabel": "Patents [Member]" } } }, "localname": "PatentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PaymentsForLegalSettlements": { "auth_ref": [ "r102" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of cash paid for the settlement of litigation or for other legal issues during the period.", "label": "Payments for Legal Settlements", "terseLabel": "Payments for Legal Settlements" } } }, "localname": "PaymentsForLegalSettlements", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "auth_ref": [ "r97" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to reacquire common stock during the period.", "label": "Payments for Repurchase of Common Stock", "negatedLabel": "Repurchases of common stock", "negatedTerseLabel": "Payments for Repurchase of Common Stock" } } }, "localname": "PaymentsForRepurchaseOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDividends": { "auth_ref": [ "r97" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.", "label": "Payments of Dividends", "negatedLabel": "Payments of Dividends", "negatedTerseLabel": "Payments of Dividends", "terseLabel": "Payments of Dividends" } } }, "localname": "PaymentsOfDividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/StockholdersEquityDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireAvailableForSaleSecurities": { "auth_ref": [ "r92", "r176" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity.", "label": "Payments to Acquire Available-for-sale Securities", "negatedTerseLabel": "Purchase of available-for-sale investments" } } }, "localname": "PaymentsToAcquireAvailableForSaleSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireIntangibleAssets": { "auth_ref": [ "r93" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill.", "label": "Payments to Acquire Intangible Assets", "negatedTerseLabel": "Patent acquisition costs", "terseLabel": "Payments to acquire intangible assets" } } }, "localname": "PaymentsToAcquireIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireNotesReceivable": { "auth_ref": [ "r91" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics.", "label": "Payments to Acquire Notes Receivable", "negatedTerseLabel": "Payments to Acquire Notes Receivable" } } }, "localname": "PaymentsToAcquireNotesReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireOtherInvestments": { "auth_ref": [ "r94" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow to acquire investments classified as other.", "label": "Payments to Acquire Other Investments", "negatedTerseLabel": "Payments to Acquire Other Investments" } } }, "localname": "PaymentsToAcquireOtherInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r93" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedTerseLabel": "Purchase of property and equipment" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToMinorityShareholders": { "auth_ref": [ "r98" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest.", "label": "Payments to Noncontrolling Interests", "negatedTerseLabel": "Distributions to noncontrolling interests in operating subsidiary", "terseLabel": "Payments to Noncontrolling Interests" } } }, "localname": "PaymentsToMinorityShareholders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock": { "auth_ref": [ "r253" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for pension and other postretirement benefits.", "label": "Pension and Other Postretirement Benefits Disclosure [Text Block]", "terseLabel": "Retirement Savings Plan and Executive Severance Policy" } } }, "localname": "PensionAndOtherPostretirementBenefitsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_PlanNameAxis": { "auth_ref": [ "r255", "r283" ], "lang": { "en-US": { "role": { "documentation": "Information by plan name pertaining to equity-based compensation arrangements.", "label": "Plan Name [Axis]", "terseLabel": "Plan Name [Axis]" } } }, "localname": "PlanNameAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PlanNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the equity-based compensation arrangement plan.", "label": "Plan Name [Domain]", "terseLabel": "Plan Name [Domain]" } } }, "localname": "PlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "auth_ref": [ "r27" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.", "label": "Preferred Stock, Par or Stated Value Per Share", "terseLabel": "Preferred stock, par value per share" } } }, "localname": "PreferredStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "perShareItemType" }, "us-gaap_PreferredStockSharesAuthorized": { "auth_ref": [ "r27" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.", "label": "Preferred Stock, Shares Authorized", "terseLabel": "Preferred stock, shares authorized" } } }, "localname": "PreferredStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockSharesIssued": { "auth_ref": [ "r27" ], "lang": { "en-US": { "role": { "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.", "label": "Preferred Stock, Shares Issued", "terseLabel": "Preferred stock, shares issued" } } }, "localname": "PreferredStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockSharesOutstanding": { "auth_ref": [ "r27" ], "lang": { "en-US": { "role": { "documentation": "Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.", "label": "Preferred Stock, Shares Outstanding", "terseLabel": "Preferred stock, shares outstanding" } } }, "localname": "PreferredStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockValue": { "auth_ref": [ "r27" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Preferred Stock, Value, Issued", "terseLabel": "Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding" } } }, "localname": "PreferredStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PreferredStockValueOutstanding": { "auth_ref": [ "r27" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders.", "label": "Preferred Stock, Value, Outstanding", "terseLabel": "Preferred Stock, Value, Outstanding" } } }, "localname": "PreferredStockValueOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PrepaidExpenseAndOtherAssetsCurrent": { "auth_ref": [ "r3", "r36", "r37" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.", "label": "Prepaid Expense and Other Assets, Current", "terseLabel": "Prepaid expenses and other current assets" } } }, "localname": "PrepaidExpenseAndOtherAssetsCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromMinorityShareholders": { "auth_ref": [ "r96" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership.", "label": "Proceeds from Noncontrolling Interests", "terseLabel": "Contributions from noncontrolling interests in operating subsidiary, net of issuance costs" } } }, "localname": "ProceedsFromMinorityShareholders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromPaymentsToMinorityShareholders": { "auth_ref": [ "r121" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest.", "label": "Proceeds from (Payments to) Noncontrolling Interests", "terseLabel": "Contributions from noncontrolling interests in operating subsidiary, net" } } }, "localname": "ProceedsFromPaymentsToMinorityShareholders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period.", "label": "Proceeds from Sale and Maturity of Marketable Securities", "terseLabel": "Proceeds from Sale and Maturity of Marketable Securities" } } }, "localname": "ProceedsFromSaleAndMaturityOfMarketableSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities": { "auth_ref": [ "r87", "r176" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.", "label": "Proceeds from Sale of Available-for-sale Securities", "terseLabel": "Sale of available-for-sale investments" } } }, "localname": "ProceedsFromSaleOfAvailableForSaleSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt": { "auth_ref": [ "r85", "r86", "r176" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).", "label": "Proceeds from Sale of Debt Securities, Available-for-sale", "terseLabel": "Proceeds from Sale of Debt Securities, Available-for-sale" } } }, "localname": "ProceedsFromSaleOfAvailableForSaleSecuritiesDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity": { "auth_ref": [ "r88", "r176" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow associated with the sale of equity securities classified as available-for-sale securities.", "label": "Proceeds from Sale of Available-for-sale Securities, Equity", "terseLabel": "Proceeds from Sale of Available-for-sale Securities, Equity" } } }, "localname": "ProceedsFromSaleOfAvailableForSaleSecuritiesEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfIntangibleAssets": { "auth_ref": [ "r89" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from disposal of asset without physical form usually arising from contractual or other legal rights, excluding goodwill.", "label": "Proceeds from Sale of Intangible Assets", "terseLabel": "Proceeds from Sale of Intangible Assets" } } }, "localname": "ProceedsFromSaleOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities": { "auth_ref": [ "r90" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from the sale of other assets recognized in investing activities.", "label": "Proceeds from Sale of Other Assets, Investing Activities", "terseLabel": "Proceeds from Sale of Other Assets, Investing Activities" } } }, "localname": "ProceedsFromSaleOfOtherAssetsInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfOtherInvestments": { "auth_ref": [ "r90" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from the sale of investments classified as other.", "label": "Proceeds from Sale of Other Investments", "terseLabel": "Proceeds from Sale of Other Investments" } } }, "localname": "ProceedsFromSaleOfOtherInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromStockOptionsExercised": { "auth_ref": [ "r95", "r284" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement.", "label": "Proceeds from Stock Options Exercised", "terseLabel": "Proceeds from the exercise of stock options", "verboseLabel": "Proceeds from Stock Options Exercised" } } }, "localname": "ProceedsFromStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProfitLoss": { "auth_ref": [ "r67", "r69", "r99", "r167", "r171", "r329", "r331", "r333", "r336", "r337" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss": { "order": 1.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0 }, "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.", "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest", "terseLabel": "Net income (loss) including noncontrolling interests in operating subsidiaries", "totalLabel": "Net income (loss) including noncontrolling interests in subsidiaries" } } }, "localname": "ProfitLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentByTypeAxis": { "auth_ref": [ "r41", "r212" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.", "label": "Property, Plant and Equipment, Type [Axis]", "terseLabel": "Property and Equipment, Type [Axis]" } } }, "localname": "PropertyPlantAndEquipmentByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives": { "auth_ref": [ "r112", "r210" ], "lang": { "en-US": { "role": { "documentation": "Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment).", "label": "Property, Plant and Equipment, Estimated Useful Lives", "terseLabel": "Estimated useful lives, years" } } }, "localname": "PropertyPlantAndEquipmentEstimatedUsefulLives", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Property, Plant and Equipment [Line Items]", "terseLabel": "Property and Equipment [Line Items]" } } }, "localname": "PropertyPlantAndEquipmentLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentNet": { "auth_ref": [ "r15", "r16", "r212", "r414" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 7.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Net", "terseLabel": "Property and equipment, net of accumulated depreciation and amortization" } } }, "localname": "PropertyPlantAndEquipmentNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentPolicyTextBlock": { "auth_ref": [ "r40", "r112", "r212" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.", "label": "Property, Plant and Equipment, Policy [Policy Text Block]", "terseLabel": "Furniture and Equipment" } } }, "localname": "PropertyPlantAndEquipmentPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentTypeDomain": { "auth_ref": [ "r15", "r211" ], "lang": { "en-US": { "role": { "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.", "label": "Property, Plant and Equipment, Type [Domain]", "terseLabel": "Property and Equipment, Type [Domain]" } } }, "localname": "PropertyPlantAndEquipmentTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_QuarterlyFinancialDataAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Quarterly Financial Data [Abstract]" } } }, "localname": "QuarterlyFinancialDataAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_QuarterlyFinancialInformationTextBlock": { "auth_ref": [ "r147" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.", "label": "Quarterly Financial Information [Text Block]", "terseLabel": "Quarterly Financial Data" } } }, "localname": "QuarterlyFinancialInformationTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/QuarterlyFinancialData" ], "xbrltype": "textBlockItemType" }, "us-gaap_RealizedInvestmentGainsLosses": { "auth_ref": [ "r422" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity.", "label": "Realized Investment Gains (Losses)", "terseLabel": "Realized Investment Gains (Losses)" } } }, "localname": "RealizedInvestmentGainsLosses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ReceivableWithImputedInterestEffectiveYieldInterestRate": { "auth_ref": [ "r366" ], "lang": { "en-US": { "role": { "documentation": "Yield on the receivable, on which interest has been imputed, as calculated from its issuance value or purchase price. The calculated effective interest rate considers factors such as the issued face value or price paid for the receivable, the time period between payments, and the time until maturity [full receipt] of the receivable.", "label": "Receivable with Imputed Interest, Effective Yield (Interest Rate)", "terseLabel": "Receivable with Imputed Interest, Effective Yield (Interest Rate)" } } }, "localname": "ReceivableWithImputedInterestEffectiveYieldInterestRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty": { "auth_ref": [ "r370" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.", "label": "Related Party Transaction, Expenses from Transactions with Related Party", "terseLabel": "Related Party Transaction, Expenses from Transactions with Related Party" } } }, "localname": "RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyTransactionsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "localname": "RelatedPartyTransactionsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "auth_ref": [ "r371" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Related Party Transactions Disclosure [Text Block]", "terseLabel": "Related Party Transactions Disclosure [Text Block]" } } }, "localname": "RelatedPartyTransactionsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RelatedPartyTransactionsNotes" ], "xbrltype": "textBlockItemType" }, "us-gaap_RestrictedCashAndCashEquivalents": { "auth_ref": [ "r11", "r107", "r109", "r380", "r410" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Restricted Cash and Cash Equivalents", "terseLabel": "Restricted Cash and Cash Equivalents" } } }, "localname": "RestrictedCashAndCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestrictedStockMember": { "auth_ref": [ "r139" ], "lang": { "en-US": { "role": { "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met.", "label": "Restricted Stock [Member]", "terseLabel": "Restricted Stock [Member]" } } }, "localname": "RestrictedStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestrictedStockUnitsRSUMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met.", "label": "Restricted Stock Units (RSUs) [Member]", "terseLabel": "Restricted Stock Units (RSUs) [Member]" } } }, "localname": "RestrictedStockUnitsRSUMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r31", "r238", "r411" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings (Accumulated Deficit)", "terseLabel": "Accumulated deficit" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]", "terseLabel": "Accumulated Deficit [Member]" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueRecognitionPolicyTextBlock": { "auth_ref": [ "r111", "r112", "r113" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.", "label": "Revenue Recognition, Policy [Policy Text Block]", "terseLabel": "Revenue Recognition" } } }, "localname": "RevenueRecognitionPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueRightsGrantedMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Revenue during the period derived from licenses, patents, trademarks and other rights granted to other parties, when it serves as a benchmark in a concentration of risk calculation.", "label": "Revenue, Rights Granted [Member]", "terseLabel": "Revenue, Rights Granted [Member]" } } }, "localname": "RevenueRightsGrantedMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesConcentrationsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_Revenues": { "auth_ref": [ "r78", "r161", "r162", "r169" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "actg_Netportfolioincomeloss", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "actg_Netportfolioincomeloss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).", "label": "Revenues", "terseLabel": "Revenues" } } }, "localname": "Revenues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RoyaltyExpense": { "auth_ref": [ "r81" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "actg_TotalPortfolioOperations", "weight": 1.0 }, "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails": { "order": 1.0, "parentTag": "us-gaap_OperatingCostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property.", "label": "Royalty Expense", "terseLabel": "Inventor royalties" } } }, "localname": "RoyaltyExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SaleOfStockPricePerShare": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.", "label": "Sale of Stock, Price Per Share", "terseLabel": "Sale of Stock, Price Per Share" } } }, "localname": "SaleOfStockPricePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ScenarioUnspecifiedDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Any scenario, that is, the particular reporting scenario is left unspecified. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario, Unspecified [Domain]", "terseLabel": "Scenario, Unspecified [Domain]" } } }, "localname": "ScenarioUnspecifiedDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable": { "auth_ref": [ "r53" ], "lang": { "en-US": { "role": { "documentation": "Schedule itemizing specific types of trade accounts and notes receivable, and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.", "label": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]", "terseLabel": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]" } } }, "localname": "ScheduleOfAccountsNotesLoansAndFinancingReceivableTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock": { "auth_ref": [ "r53" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.", "label": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]", "terseLabel": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]" } } }, "localname": "ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.", "label": "Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]", "terseLabel": "Accounts Payable and Accrued Expenses / Costs" } } }, "localname": "ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/AccountsPayableAndAccruedExpensesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetByMajorClassTable": { "auth_ref": [ "r199" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the major classes of acquired finite-lived intangible assets showing the amount, any significant residual value, weighted average amortization period, and other characteristics. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.", "label": "Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table]", "terseLabel": "Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table]" } } }, "localname": "ScheduleOfAcquiredFiniteLivedIntangibleAssetByMajorClassTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfAssumptionsUsedTableTextBlock": { "auth_ref": [ "r251" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.", "label": "Schedule of Assumptions Used [Table Text Block]", "terseLabel": "Schedule of Assumptions Used [Table Text Block]" } } }, "localname": "ScheduleOfAssumptionsUsedTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Debt Securities, Available-for-sale [Line Items]", "terseLabel": "Debt Securities, Available-for-sale [Line Items]" } } }, "localname": "ScheduleOfAvailableForSaleSecuritiesLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfAvailableForSaleSecuritiesTable": { "auth_ref": [ "r179", "r180", "r181", "r182", "r183", "r184", "r399", "r400" ], "lang": { "en-US": { "role": { "documentation": "Schedule of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.", "label": "Schedule of Available-for-sale Securities [Table]", "terseLabel": "Schedule of Available-for-sale Securities [Table]" } } }, "localname": "ScheduleOfAvailableForSaleSecuritiesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock": { "auth_ref": [ "r316" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.", "label": "Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]", "terseLabel": "Schedule of Components of Income Tax Expense (Benefit)" } } }, "localname": "ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock": { "auth_ref": [ "r308" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.", "label": "Schedule of Deferred Tax Assets and Liabilities [Table Text Block]", "terseLabel": "Schedule of Deferred Tax Assets and Liabilities" } } }, "localname": "ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock": { "auth_ref": [ "r80", "r132", "r133", "r134", "r138", "r142" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.", "label": "Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]", "terseLabel": "Schedule of Earnings Per Share, Basic and Diluted" } } }, "localname": "ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": { "auth_ref": [ "r297" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.", "label": "Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]", "terseLabel": "Schedule of Effective Income Tax Rate Reconciliation" } } }, "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock": { "auth_ref": [ "r343" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).", "label": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]", "terseLabel": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]" } } }, "localname": "ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": { "auth_ref": [ "r199", "r202" ], "lang": { "en-US": { "role": { "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Schedule of Finite-Lived Intangible Assets [Table]", "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]" } } }, "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/PatentsCostAndAccumulatedAmortizationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock": { "auth_ref": [ "r369" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.", "label": "Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]", "terseLabel": "Schedule of Future Minimum Rental Payments for Operating Leases" } } }, "localname": "ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfGoodwillTable": { "auth_ref": [ "r195", "r197" ], "lang": { "en-US": { "role": { "documentation": "Schedule of goodwill and the changes during the year due to acquisition, sale, impairment or for other reasons.", "label": "Schedule of Goodwill [Table]", "terseLabel": "Schedule of Goodwill [Table]" } } }, "localname": "ScheduleOfGoodwillTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock": { "auth_ref": [ "r124", "r126", "r127", "r143", "r144", "r146" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.", "label": "Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]", "terseLabel": "Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]" } } }, "localname": "ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock": { "auth_ref": [ "r268" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the changes in outstanding nonvested shares.", "label": "Schedule of Nonvested Share Activity [Table Text Block]", "terseLabel": "Nonvested Restricted Stock Activity" } } }, "localname": "ScheduleOfNonvestedShareActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock": { "auth_ref": [ "r268" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the changes in other outstanding share-based compensation awards other than stock options or nonvested awards.", "label": "Schedule of Other Share-based Compensation, Activity [Table Text Block]", "terseLabel": "Schedule of Other Share-based Compensation, Activity [Table Text Block]" } } }, "localname": "ScheduleOfOtherShareBasedCompensationActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": { "auth_ref": [ "r41", "r212" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Property, Plant and Equipment [Table]", "terseLabel": "Schedule of Property and Equipment [Table]" } } }, "localname": "ScheduleOfPropertyPlantAndEquipmentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfProspectiveAdoptionOfNewAccountingPronouncementsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the comparison between amounts disclosed under previous guidance and new guidance.", "label": "Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]", "terseLabel": "Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]" } } }, "localname": "ScheduleOfProspectiveAdoptionOfNewAccountingPronouncementsTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock": { "auth_ref": [ "r145" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.", "label": "Quarterly Financial Information [Table Text Block]", "terseLabel": "Quarterly Financial Data" } } }, "localname": "ScheduleOfQuarterlyFinancialInformationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/QuarterlyFinancialDataTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfRepurchaseAgreements": { "auth_ref": [ "r120" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for repurchase agreements.", "label": "Schedule of Repurchase Agreements [Table Text Block]", "terseLabel": "Schedule of Repurchase Agreements [Table Text Block]" } } }, "localname": "ScheduleOfRepurchaseAgreements", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": { "auth_ref": [ "r255", "r283" ], "lang": { "en-US": { "role": { "documentation": "Components of an equity-based arrangement under which compensation is awarded to employees, typically comprised of compensation expense; changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan; and cash flow effects resulting from the equity-based payment arrangement. Component disclosures are by type of award and plan name.", "label": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]", "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock": { "auth_ref": [ "r261" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.", "label": "Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]", "terseLabel": "Restricted Stock Units Activity" } } }, "localname": "ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock": { "auth_ref": [ "r261", "r273", "r275" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.", "label": "Share-based Compensation, Stock Options, Activity [Table Text Block]", "terseLabel": "Stock Options Activity" } } }, "localname": "ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock": { "auth_ref": [ "r277" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.", "label": "Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]", "terseLabel": "Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]" } } }, "localname": "ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfStockByClassTable": { "auth_ref": [ "r49", "r117", "r228", "r229", "r230", "r232", "r233", "r234", "r235", "r236", "r237", "r238" ], "lang": { "en-US": { "role": { "documentation": "Schedule detailing information related to equity by class of stock. Class of stock includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. It also includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity.", "label": "Schedule of Stock by Class [Table]", "terseLabel": "Schedule of Stock by Class [Table]" } } }, "localname": "ScheduleOfStockByClassTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfTreasuryStockByClassTextBlock": { "auth_ref": [ "r239", "r240", "r241", "r242" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.", "label": "Class of Treasury Stock [Table Text Block]", "terseLabel": "Schedule of Treasury Stock by Class" } } }, "localname": "ScheduleOfTreasuryStockByClassTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SegmentDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.", "label": "Segments [Domain]", "terseLabel": "Segments [Domain]" } } }, "localname": "SegmentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SegmentReportingPolicyPolicyTextBlock": { "auth_ref": [ "r112" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for segment reporting.", "label": "Segment Reporting, Policy [Policy Text Block]", "terseLabel": "Segment Reporting" } } }, "localname": "SegmentReportingPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SeveranceCosts1": { "auth_ref": [ "r105", "r216", "r218", "r219" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation.", "label": "Severance Costs", "terseLabel": "Asset Retirement Obligation, Cash Paid to Settle" } } }, "localname": "SeveranceCosts1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RetirementSavingsPlanAndExecutiveSeverancePolicyDetailDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r104" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.", "label": "Share-based Compensation", "terseLabel": "Non-cash stock compensation", "verboseLabel": "Non-cash stock compensation" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Compensation [Abstract]" } } }, "localname": "ShareBasedCompensationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": { "auth_ref": [ "r266" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period", "negatedTerseLabel": "Canceled" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue": { "auth_ref": [ "r272" ], "lang": { "en-US": { "role": { "documentation": "Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value", "terseLabel": "Canceled, weighted average grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": { "auth_ref": [ "r270" ], "lang": { "en-US": { "role": { "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period", "verboseLabel": "Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r270" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Granted, weighted average grant date fair value", "verboseLabel": "Weighted average grant date fair value of restricted stock granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": { "auth_ref": [ "r269" ], "lang": { "en-US": { "role": { "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number", "periodEndLabel": "Nonvested at December 31, 2016", "periodStartLabel": "Nonvested at December 31, 2015" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": { "auth_ref": [ "r269" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value", "periodEndLabel": "Nonvested, weighted average grant date fair value at December 31, 2016", "periodStartLabel": "Nonvested, weighted average grant date fair value at December 31, 2015" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": { "auth_ref": [ "r271" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period", "negatedTerseLabel": "Vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue": { "auth_ref": [ "r274" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value", "terseLabel": "Aggregate fair value of restricted stock vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r271" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Vested, weighted average grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate": { "auth_ref": [ "r281" ], "lang": { "en-US": { "role": { "documentation": "The risk-free interest rate assumption that is used in valuing an option on its own shares.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend": { "auth_ref": [ "r280" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Disclosure of the weighted average expected dividend for an entity using a valuation technique with different dividend rates during the contractual term.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate": { "auth_ref": [ "r279" ], "lang": { "en-US": { "role": { "documentation": "Weighted average expected volatility rate of share-based compensation awards.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate", "terseLabel": "Fair Value Assumptions, Weighted Average Volatility Rate" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "verboseLabel": "Share-based Compensation Arrangement by Share-based Payment Award" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized": { "auth_ref": [ "r257" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized", "verboseLabel": "Aggregate shares available for issuance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": { "auth_ref": [ "r283" ], "lang": { "en-US": { "role": { "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant", "terseLabel": "Number of shares available for grant" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber": { "auth_ref": [ "r264" ], "lang": { "en-US": { "role": { "documentation": "The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number", "terseLabel": "Exercisable at December 31, 2016" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice": { "auth_ref": [ "r264" ], "lang": { "en-US": { "role": { "documentation": "The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price", "terseLabel": "Exercisable, weighted average exercise price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue": { "auth_ref": [ "r274" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value", "terseLabel": "Aggregate intrinsic value of options exercised" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod": { "auth_ref": [ "r267" ], "lang": { "en-US": { "role": { "documentation": "For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice": { "auth_ref": [ "r267" ], "lang": { "en-US": { "role": { "documentation": "Weighted average price of options that were either forfeited or expired.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Gross number of share options (or share units) granted during the period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue": { "auth_ref": [ "r283" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value", "terseLabel": "Outstanding at December 31, 2016, aggregate, intrinsic value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber": { "auth_ref": [ "r263", "r283" ], "lang": { "en-US": { "role": { "documentation": "Number of options outstanding, including both vested and non-vested options.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number", "periodEndLabel": "Outstanding at December 31, 2016", "periodStartLabel": "Outstanding at December 31, 2015" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice": { "auth_ref": [ "r262" ], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price", "periodEndLabel": "Outstanding at December 31, 2016, weighted average exercise price", "periodStartLabel": "Outstanding at December 31, 2015, weighted average exercise price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue": { "auth_ref": [ "r275" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "Number of fully vested and expected to vest options outstanding that can be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number", "terseLabel": "Vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price", "terseLabel": "Vested, weighted average exercise price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "auth_ref": [ "r254", "r258" ], "lang": { "en-US": { "role": { "documentation": "Equity-based compensation award.", "label": "Equity Award [Domain]", "terseLabel": "Award Type [Domain]", "verboseLabel": "Equity Award [Domain]" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestricedStockDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansNonvestedRestrictedStockUnitsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which option holders acquired shares when converting their stock options into shares.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price", "terseLabel": "Exercised, weighted average exercise price" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price", "terseLabel": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy": { "auth_ref": [ "r112", "r255", "r259" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.", "label": "Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]", "terseLabel": "Stock-based Compensation" } } }, "localname": "ShareBasedCompensationOptionAndIncentivePlansPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SharePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Price of a single share of a number of saleable stocks of a company.", "label": "Share Price", "terseLabel": "Share Price" } } }, "localname": "SharePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareRepurchaseProgramDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the share repurchase program.", "label": "Share Repurchase Program [Domain]", "terseLabel": "Share Repurchase Program [Domain]" } } }, "localname": "ShareRepurchaseProgramDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage": { "auth_ref": [ "r256" ], "lang": { "en-US": { "role": { "documentation": "Percentage of vesting of share-based compensation awards.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1": { "auth_ref": [ "r278", "r285" ], "lang": { "en-US": { "role": { "documentation": "Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term", "terseLabel": "Fair Value Assumptions, Expected Term" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1": { "auth_ref": [ "r283" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value", "terseLabel": "Exercisable, aggregate intrinsic value" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1": { "auth_ref": [ "r283" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1": { "auth_ref": [ "r260" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Purchase price of common stock expressed as a percentage of its fair value.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent", "terseLabel": "Percentage of fair market value on grant date, minimum exercise price" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShortTermInvestments": { "auth_ref": [ "r21", "r386", "r387", "r389", "r407" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.", "label": "Short-term Investments", "terseLabel": "Short-term investments" } } }, "localname": "ShortTermInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShortTermInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Short-term Investments [Abstract]" } } }, "localname": "ShortTermInvestmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_SignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r123" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for all significant accounting policies of the reporting entity.", "label": "Significant Accounting Policies [Text Block]", "terseLabel": "Summary of Significant Accounting Policies" } } }, "localname": "SignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_StateAndLocalJurisdictionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Designated tax department of a state or local government entitled to levy and collect income taxes from the entity.", "label": "State and Local Jurisdiction [Member]", "terseLabel": "State and Local Jurisdiction [Member]" } } }, "localname": "StateAndLocalJurisdictionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_StatementBusinessSegmentsAxis": { "auth_ref": [ "r0", "r167", "r195", "r214", "r217", "r220", "r424" ], "lang": { "en-US": { "role": { "documentation": "Information by business segments.", "label": "Segments [Axis]", "terseLabel": "Segments [Axis]" } } }, "localname": "StatementBusinessSegmentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/GoodwillImpairmentChargesDetailsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementClassOfStockAxis": { "auth_ref": [ "r26", "r27", "r28", "r231" ], "lang": { "en-US": { "role": { "documentation": "Information by the different classes of stock of the entity.", "label": "Class of Stock [Axis]", "terseLabel": "Class of Stock [Axis]" } } }, "localname": "StatementClassOfStockAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "http://www.acaciaresearch.com/role/StockholdersEquityDetails", "http://www.acaciaresearch.com/role/StockholdersEquityTables" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r52", "r231" ], "lang": { "en-US": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]", "terseLabel": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Comprehensive Income [Abstract]" } } }, "localname": "StatementOfIncomeAndComprehensiveIncomeAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementScenarioAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by scenario to be reported. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario [Axis]", "terseLabel": "Scenario [Axis]" } } }, "localname": "StatementScenarioAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals" ], "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]", "terseLabel": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/CommitmentsAndContingenciesDetails", "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfCashFlows", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperationsParentheticals", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquityParentheticals", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation": { "auth_ref": [ "r27", "r28", "r231", "r238" ], "lang": { "en-US": { "role": { "documentation": "Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.", "label": "Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures", "terseLabel": "Stock issued during period, shares, share-based compensation, net of forfeitures" } } }, "localname": "StockIssuedDuringPeriodSharesShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised": { "auth_ref": [ "r27", "r28", "r231", "r238", "r265" ], "lang": { "en-US": { "role": { "documentation": "Number of share options (or share units) exercised during the current period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period", "negatedTerseLabel": "Exercised", "verboseLabel": "Stock options exercised, shares" } } }, "localname": "StockIssuedDuringPeriodSharesStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueNewIssues": { "auth_ref": [ "r27", "r28", "r231", "r238" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.", "label": "Stock Issued During Period, Value, New Issues", "terseLabel": "Stock Issued During Period, Value, New Issues" } } }, "localname": "StockIssuedDuringPeriodValueNewIssues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised": { "auth_ref": [ "r52", "r231", "r238" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock issued as a result of the exercise of stock options.", "label": "Stock Issued During Period, Value, Stock Options Exercised", "terseLabel": "Stock options exercised, value" } } }, "localname": "StockIssuedDuringPeriodValueStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockOptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Contracts conveying rights, but not obligations, to buy or sell a specific quantity of stock at a specified price during a specified period (an American option) or at a specified date (a European option).", "label": "Equity Option [Member]", "terseLabel": "Equity Option [Member]" } } }, "localname": "StockOptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockBasedIncentivePlansScheduleOfGrantsByTypeDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansStockOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_StockRepurchaseProgramExpirationDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Expiration date for the purchase of an entity's own shares under a stock repurchase plan, in the CCYY-MM-DD format.", "label": "Stock Repurchase Program Expiration Date", "terseLabel": "Stock Repurchase Program Expiration Date" } } }, "localname": "StockRepurchaseProgramExpirationDate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "dateItemType" }, "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount remaining of a stock repurchase plan authorized.", "label": "Stock Repurchase Program, Remaining Authorized Repurchase Amount", "terseLabel": "Stock Repurchase Program, Remaining Authorized Repurchase Amount" } } }, "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchasedDuringPeriodShares": { "auth_ref": [ "r27", "r28", "r231", "r238" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Shares", "terseLabel": "Stock Repurchased During Period, Shares" } } }, "localname": "StockRepurchasedDuringPeriodShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity", "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r28", "r32", "r33", "r173" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "terseLabel": "Stockholders' Equity Attributable to Parent", "totalLabel": "Total Acacia Research Corporation stockholders\u2019 equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Attributable to Parent [Abstract]", "terseLabel": "Stockholders' equity:" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": { "auth_ref": [ "r327", "r328", "r335" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.", "label": "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest", "periodEndLabel": "Balance", "periodStartLabel": "Balance", "totalLabel": "Total stockholders\u2019 equity" } } }, "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityNoteAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Note [Abstract]" } } }, "localname": "StockholdersEquityNoteAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "auth_ref": [ "r244" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.", "label": "Stockholders' Equity Note Disclosure [Text Block]", "terseLabel": "Stockholders' Equity" } } }, "localname": "StockholdersEquityNoteDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquity" ], "xbrltype": "textBlockItemType" }, "us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock": { "auth_ref": [ "r299" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.", "label": "Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]", "terseLabel": "Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]" } } }, "localname": "SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SummaryOfValuationAllowanceTextBlock": { "auth_ref": [ "r307" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.", "label": "Summary of Valuation Allowance [Table Text Block]", "terseLabel": "Summary of Valuation Allowance [Table Text Block]" } } }, "localname": "SummaryOfValuationAllowanceTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SupplementalCashFlowInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Supplemental Cash Flow Information [Abstract]" } } }, "localname": "SupplementalCashFlowInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_TaxCreditCarryforwardAxis": { "auth_ref": [ "r311" ], "lang": { "en-US": { "role": { "documentation": "Information by specific tax credit related to an unused tax credit.", "label": "Tax Credit Carryforward [Axis]", "terseLabel": "Tax Credit Carryforward [Axis]" } } }, "localname": "TaxCreditCarryforwardAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_TaxCreditCarryforwardNameDomain": { "auth_ref": [ "r311" ], "lang": { "en-US": { "role": { "documentation": "The name of the tax credit carryforward.", "label": "Tax Credit Carryforward, Name [Domain]", "terseLabel": "Tax Credit Carryforward, Name [Domain]" } } }, "localname": "TaxCreditCarryforwardNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TimesharingTransactionsStatedInterestRateForNotesReceivable": { "auth_ref": [ "r436" ], "lang": { "en-US": { "role": { "documentation": "Stated interest rate of notes receivable from time-sharing transactions.", "label": "Time-sharing Transactions, Stated Interest Rate for Notes Receivable", "terseLabel": "Time-sharing Transactions, Stated Interest Rate for Notes Receivable" } } }, "localname": "TimesharingTransactionsStatedInterestRateForNotesReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_TradingSecuritiesDebt": { "auth_ref": [ "r174", "r175" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading).", "label": "Debt Securities, Trading", "terseLabel": "Debt Securities, Trading" } } }, "localname": "TradingSecuritiesDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesDebtAmortizedCost": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amortized cost of investments in debt securities classified as trading.", "label": "Debt Securities, Trading, Amortized Cost", "terseLabel": "Debt Securities, Trading, Amortized Cost" } } }, "localname": "TradingSecuritiesDebtAmortizedCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesEquity": { "auth_ref": [], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investments in trading equity securities and other forms of trading securities that provide ownership interests.", "label": "Trading Securities, Equity", "terseLabel": "Trading Securities, Equity" } } }, "localname": "TradingSecuritiesEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesEquityCost": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Cost of investments in equity securities and other forms of securities that provide ownership interests classified as trading.", "label": "Trading Securities, Equity, Cost", "terseLabel": "Trading Securities, Equity, Cost" } } }, "localname": "TradingSecuritiesEquityCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesUnrealizedHoldingGain": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized holding gain before loss recognized in the income statement for investments in trading securities.", "label": "Trading Securities, Unrealized Holding Gain", "terseLabel": "Trading Securities, Unrealized Holding Gain" } } }, "localname": "TradingSecuritiesUnrealizedHoldingGain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesUnrealizedHoldingLoss": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized holding loss before gain recognized in the income statement for investments in trading securities.", "label": "Trading Securities, Unrealized Holding Loss", "terseLabel": "Trading Securities, Unrealized Holding Loss" } } }, "localname": "TradingSecuritiesUnrealizedHoldingLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "auth_ref": [ "r376" ], "lang": { "en-US": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.", "label": "Financial Instruments [Domain]", "terseLabel": "Financial Instruments [Domain]" } } }, "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockAcquiredAverageCostPerShare": { "auth_ref": [ "r239" ], "lang": { "en-US": { "role": { "documentation": "Total cost of shares repurchased divided by the total number of shares repurchased.", "label": "Treasury Stock Acquired, Average Cost Per Share", "terseLabel": "Treasury Stock Acquired, Average Cost Per Share" } } }, "localname": "TreasuryStockAcquiredAverageCostPerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/StockholdersEquityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_TreasuryStockCommonValue": { "auth_ref": [ "r54", "r239", "r242" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount allocated to previously issued common shares repurchased by the issuing entity and held in treasury.", "label": "Treasury Stock, Common, Value", "terseLabel": "Treasury Stock, Common, Value" } } }, "localname": "TreasuryStockCommonValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_TreasuryStockMember": { "auth_ref": [ "r51", "r239" ], "lang": { "en-US": { "role": { "documentation": "Shares of an entity that have been repurchased by the entity. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer.", "label": "Treasury Stock [Member]", "terseLabel": "Treasury Stock [Member]" } } }, "localname": "TreasuryStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockShares": { "auth_ref": [ "r51", "r239" ], "lang": { "en-US": { "role": { "documentation": "Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.", "label": "Treasury Stock, Shares", "terseLabel": "Treasury stock, shares" } } }, "localname": "TreasuryStockShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheetsParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockSharesAcquired": { "auth_ref": [ "r28", "r231", "r238" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and are being held in treasury.", "label": "Treasury Stock, Shares, Acquired", "terseLabel": "Treasury stock, shares acquired" } } }, "localname": "TreasuryStockSharesAcquired", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockValue": { "auth_ref": [ "r51", "r239", "r242" ], "calculation": { "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.", "label": "Treasury Stock, Value", "negatedTerseLabel": "Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of December 31, 2018 and 2017" } } }, "localname": "TreasuryStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_TreasuryStockValueAcquiredCostMethod": { "auth_ref": [ "r231", "r238", "r239" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.", "label": "Treasury Stock, Value, Acquired, Cost Method", "terseLabel": "Treasury stock, cost of shares acquired" } } }, "localname": "TreasuryStockValueAcquiredCostMethod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_TypeOfAdoptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Adoption and early adoption of sources of change to generally accepted accounting principles (GAAP) in the United States. The FASB released the FASB Accounting Standards Codification as the authoritative source of literature effective for interim and annual periods ending after September 15, 2009. As part of the Codification process, the FASB issues Accounting Standards Updates to amend the Codification but otherwise the Accounting Standards Updates are not authoritative in their own right. All previous accounting standards (such as FASB Statements of Financial Accounting Standards, FASB Interpretations, FASB Staff Positions, Emerging Issues Task Force Consensuses, other pronouncements of the FASB or other designated bodies, or other forms of GAAP are considered accounting pronouncements) were superseded upon the adoption of the Codification. For an interim period, references to the superseded standards are included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.", "label": "Type of Adoption [Domain]", "terseLabel": "Type of Adoption [Domain]" } } }, "localname": "TypeOfAdoptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/RecentAccountingPronouncementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_USTreasurySecuritiesMember": { "auth_ref": [ "r249", "r252", "r388" ], "lang": { "en-US": { "role": { "documentation": "This category includes information about debt securities issued by the United States Department of the Treasury and backed by the United States government. Such securities primarily consist of treasury bills (short-term maturities - one year or less), treasury notes (intermediate term maturities - two to ten years), and treasury bonds (long-term maturities - ten to thirty years).", "label": "US Treasury Securities [Member]", "terseLabel": "US Treasury Securities [Member]" } } }, "localname": "USTreasurySecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ShortTermInvestmentsMarketableSecuritiesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic": { "auth_ref": [ "r135" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.", "label": "Undistributed Earnings (Loss) Allocated to Participating Securities, Basic", "terseLabel": "Undistributed Earnings (Loss) Allocated to Participating Securities, Basic" } } }, "localname": "UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrealizedGainLossOnInvestments": { "auth_ref": [ "r105" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period.", "label": "Unrealized Gain (Loss) on Investments", "terseLabel": "Unrealized Gain (Loss) on Investments" } } }, "localname": "UnrealizedGainLossOnInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefits": { "auth_ref": [ "r291", "r301" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrecognized tax benefits.", "label": "Unrecognized Tax Benefits", "terseLabel": "Unrecognized tax benefits" } } }, "localname": "UnrecognizedTaxBenefits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UseOfEstimates": { "auth_ref": [ "r148", "r149", "r151", "r152", "r157", "r158", "r159" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.", "label": "Use of Estimates, Policy [Policy Text Block]", "terseLabel": "Use of Estimates" } } }, "localname": "UseOfEstimates", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ValuationAllowanceByDeferredTaxAssetAxis": { "auth_ref": [ "r307" ], "lang": { "en-US": { "role": { "documentation": "Information by type of deferred tax consequences attributable to deductible temporary differences.", "label": "Valuation Allowance by Deferred Tax Asset [Axis]", "terseLabel": "Valuation Allowance by Deferred Tax Asset [Axis]" } } }, "localname": "ValuationAllowanceByDeferredTaxAssetAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ValuationAllowancesAndReservesBalance": { "auth_ref": [ "r122" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of valuation and qualifying accounts and reserves.", "label": "SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount", "terseLabel": "SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount" } } }, "localname": "ValuationAllowancesAndReservesBalance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/IncomeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ValuationTechniqueAxis": { "auth_ref": [ "r346" ], "lang": { "en-US": { "role": { "documentation": "Information by valuation approach and technique.", "label": "Valuation Approach and Technique [Axis]", "terseLabel": "Valuation Approach and Technique [Axis]" } } }, "localname": "ValuationTechniqueAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ValuationTechniqueDomain": { "auth_ref": [ "r346" ], "lang": { "en-US": { "role": { "documentation": "Valuation approach and technique.", "label": "Valuation Approach and Technique [Domain]", "terseLabel": "Valuation Approach and Technique [Domain]" } } }, "localname": "ValuationTechniqueDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/StockBasedIncentivePlansDetails" ], "xbrltype": "domainItemType" }, "us-gaap_WarrantMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Security that gives the holder the right to purchase shares of stock in accordance with the terms of the instrument, usually upon payment of a specified amount.", "label": "Warrant [Member]", "terseLabel": "Warrant [Member]" } } }, "localname": "WarrantMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/InvestmentsDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": { "auth_ref": [ "r138" ], "lang": { "en-US": { "role": { "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.", "label": "Weighted Average Number Diluted Shares Outstanding Adjustment", "terseLabel": "Weighted Average Number Diluted Shares Outstanding Adjustment" } } }, "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r131", "r138" ], "lang": { "en-US": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Weighted Average Number of Shares Outstanding, Diluted", "terseLabel": "Weighted Average Number of Shares Outstanding, Diluted" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).", "label": "Weighted Average Number of Shares Outstanding, Basic and Diluted", "terseLabel": "Weighted Average Number of Shares Outstanding, Basic and Diluted" } } }, "localname": "WeightedAverageNumberOfShareOutstandingBasicAndDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/QuarterlyFinancialDataDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r129", "r138" ], "lang": { "en-US": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Weighted Average Number of Shares Outstanding, Basic", "terseLabel": "Weighted Average Number of Shares Outstanding, Basic" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.acaciaresearch.com/role/ConsolidatedStatementsOfOperations", "http://www.acaciaresearch.com/role/SummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" } }, "unitCount": 5 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760" }, "r1": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "205", "URI": "http://asc.fasb.org/topic&trid=2122149" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 201.5-02(26))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "21D", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=SL94080555-108585" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "230", "URI": "http://asc.fasb.org/topic&trid=2134446" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18726-107790" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(d),(e))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(10))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(m)(1))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-04(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690" }, "r122": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-09)", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690" }, "r123": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794" }, "r128": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "250", "URI": "http://asc.fasb.org/topic&trid=2122394" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(11))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1278-109256" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1311-109256" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(12))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.10-01.(b)(6))", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699" }, "r147": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "270", "URI": "http://asc.fasb.org/topic&trid=2126967" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(13))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(14))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "275", "URI": "http://asc.fasb.org/topic&trid=2134479" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r165": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r168": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(15))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "305", "URI": "http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26610-111562" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26610-111562" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26853-111562" }, "r177": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(16))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27198-111563" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27340-111563" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)-(d)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563" }, "r187": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "320", "URI": "http://asc.fasb.org/topic&trid=2196928" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(17))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13777-109266" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=77989000&loc=SL49117168-202975" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(e)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r196": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267" }, "r197": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(19)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(3)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r202": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r203": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(1)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(2)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r205": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(3)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r207": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275" }, "r208": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "350", "URI": "http://asc.fasb.org/topic&trid=2144416" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226317&loc=d3e202-110218" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(2))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=68071081&loc=d3e1205-110223" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.CC)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742" }, "r216": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r218": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.3)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(b))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(d))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r221": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14326-108349" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349" }, "r225": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12021-110248" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=109500613&loc=SL6031898-161870" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(CFRR 211.02)", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(23))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644" }, "r231": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644" }, "r232": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644" }, "r233": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644" }, "r234": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r239": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(26)(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656" }, "r243": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "50", "Topic": "505", "URI": "http://asc.fasb.org/subtopic&trid=2208855" }, "r244": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "505", "URI": "http://asc.fasb.org/topic&trid=2208762" }, "r245": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130549-203045" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(i)(1)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048" }, "r248": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "710", "URI": "http://asc.fasb.org/extlink&oid=6409733&loc=d3e19396-108361" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(ii)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(26)(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(iv)(01)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(k)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921" }, "r253": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "715", "URI": "http://asc.fasb.org/topic&trid=2235017" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r255": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a),(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r259": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b),(f)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)-(4)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r269": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r272": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(iv)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "2A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=SL79508275-113901" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 14.D.2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11374-113907" }, "r287": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "740", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109245112&loc=d3e23524-113945" }, "r288": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "718", "URI": "http://asc.fasb.org/topic&trid=2228938" }, "r289": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r290": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r291": { "Name": "Accounting Standards Codification", "Paragraph": "10B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=SL37586934-109318" }, "r292": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32247-109318" }, "r293": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32280-109318" }, "r294": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31917-109318" }, "r295": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31931-109318" }, "r296": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31958-109318" }, "r297": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319" }, "r298": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319" }, "r299": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r300": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r301": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r302": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319" }, "r303": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319" }, "r304": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r305": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r306": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b),(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r307": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r308": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r309": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r310": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319" }, "r311": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319" }, "r312": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32621-109319" }, "r313": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32632-109319" }, "r314": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r315": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r316": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r317": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r318": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r319": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e39076-109324" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r320": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324" }, "r321": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "30", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327" }, "r322": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r323": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463" }, "r324": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463" }, "r325": { "Name": "Accounting Standards Codification", "Paragraph": "38", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5504-128473" }, "r326": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=d3e5291-111683" }, "r327": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4568447-111683" }, "r328": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4568740-111683" }, "r329": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r330": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r331": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r332": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r333": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r334": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c),(3)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r335": { "Name": "Accounting Standards Codification", "Paragraph": "4I", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=84234705&loc=SL4590271-111686" }, "r336": { "Name": "Accounting Standards Codification", "Paragraph": "4J", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=84234705&loc=SL4591551-111686" }, "r337": { "Name": "Accounting Standards Codification", "Paragraph": "4K", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686" }, "r338": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02(b))", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828" }, "r339": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r340": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03(b))", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828" }, "r341": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828" }, "r342": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-04)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355119-122828" }, "r343": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258" }, "r344": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r345": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r346": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bbb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r347": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r348": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r349": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(4))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r350": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258" }, "r351": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258" }, "r352": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "60", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260" }, "r353": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "820", "URI": "http://asc.fasb.org/topic&trid=2155941" }, "r354": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13279-108611" }, "r355": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611" }, "r356": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611" }, "r357": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611" }, "r358": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612" }, "r359": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240200&loc=d3e30690-110894" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(7))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r360": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240200&loc=d3e30700-110894" }, "r361": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895" }, "r362": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32022-110900" }, "r363": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32157-110900" }, "r364": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32211-110900" }, "r365": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901" }, "r366": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399" }, "r367": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(Note 3)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697" }, "r368": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r369": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(8))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r370": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r371": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "850", "URI": "http://asc.fasb.org/topic&trid=2122745" }, "r372": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r373": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r374": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r375": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r376": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746" }, "r377": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "340", "Topic": "928", "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004" }, "r378": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "25", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953" }, "r379": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/subtopic&trid=2176304" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r380": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(1)(a))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r381": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r382": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r383": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15)(2))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r384": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r385": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r386": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(4))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r387": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r388": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(6)(a)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r389": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(6))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.12)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r390": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(9))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r391": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r392": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r393": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.17)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r394": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(13)(f))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r395": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r396": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(15))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r397": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r398": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r399": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6801-107765" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.13(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r400": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803" }, "r401": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62652-112803" }, "r402": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/subtopic&trid=2209399" }, "r403": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "825", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=108315417&loc=d3e61044-112788" }, "r404": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r405": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(15)(b)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r406": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(5))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r407": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(1)(g))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r408": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r409": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(16)(a)(1))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.14)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r410": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r411": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r412": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(24))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r413": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r414": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r415": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.(a),19)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r416": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r417": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r418": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r419": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.17)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r420": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(3)(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r421": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r422": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04.3(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r423": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04.4)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r424": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99384497&loc=SL65671331-158438" }, "r425": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "825", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99380617&loc=SL75241803-196195" }, "r426": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "210", "Subparagraph": "(c)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841" }, "r427": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12(2)(i))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010" }, "r428": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12.Column B)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010" }, "r429": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12C(1)(a))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a),20,24)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r430": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12C.Column B)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010" }, "r431": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-13(1))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010" }, "r432": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-14.Column B)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010" }, "r433": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-15(Column A))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611379-123010" }, "r434": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "946", "URI": "http://asc.fasb.org/subtopic&trid=2324412" }, "r435": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "740", "Topic": "954", "URI": "http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650" }, "r436": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "310", "Subparagraph": "(b)", "Topic": "978", "URI": "http://asc.fasb.org/extlink&oid=68077313&loc=d3e27327-108691" }, "r437": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19,20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.21)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.25)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.28,29)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6911-107765" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29,30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3,4)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.8)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.9)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a-c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6935-107765" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e637-108580" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e681-108580" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "14A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e689-108580" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "17A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724391-108580" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "17B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724394-108580" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e7018-107765" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e557-108580" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(10))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(12))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(21))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(b)(7)(c))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(b)(9)(a))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1,2)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 201.5-02(24))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.21)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.3)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.7(b))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.9)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3151-108585" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a),(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 201.5-02(25))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a),(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3000-108585" } }, "version": "2.1" } ZIP 89 0000934549-19-000017-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000934549-19-000017-xbrl.zip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

(UIP&N!P1@-:D*NR>\">4AI%]A:S3 -UT\"*URN.L'.K\% M#Z0!FGF7>'C'J=LT0!0-P#%)W:4!?"&\TS1 SN&WDU#*! WPBNZ>01]!>2Q+ MD(W.*M(X-1HTZ;&+;=Y?#9LD[5 3X4O.+K2[6L0ECI=7QH@ M"&0DI[4%"@SEP-GOAD$)82UOE:QT#R%+5NI=&U087#M$T74]S^5 MGSI414BEI'&.-9-43CQI +S5G@=>6IH&:,6B=4^ZX1A\,PT@=PS!L5IFAO50 MEBW'*-XT@!D:OD%'E(JC=-=/4XQV?0($2;Q%$-0IC#0 W?UH(BI ZZF4QS0 &PF[D 9IH7_";G11J""L.=(H@/&M\"*\%88&,"0UJA 4UJ6<9PY/5=!8NB+H;EA-SY9UC\A?IPS! MO4 5HTNDSZ>P0Y7VPBH<'-,N &<6M6H%A= <13'JQL4%A;=\.BC=Y#;H-_& MIV%;8W]H@&VZIPI0F:"(SX'RL"NL MMNRI+<&Z.!I@$X2WPF[EK8.JYEMU>3F5H939@.FE(][%^7:QT7+)Y3&"+N5' M6!:=J-I9RCX-\-(\=1L^23AU(8W]@7Q)[]:6JE6K=1[U#5RD$_8 MV&<4XPX6KWM4@*X'F8!\PHXBC7%CZ-,0[>N3?;/4[2;]KEUX3YD986M+1&F9 M*"F,!1R<+ M#G*J1;3X?SJN^O FR@-^CDD?[8.98NT$VYLR1>TD8]"Q!TMNZ#1*5S(L)0K2 M$Q$+95@4^@%I\LXA5BDE>U:TD]J>L])8^I'QT19HFZ.46I!!*&D('TV.ID+S MT>92R.72NWO?V\O^OO>Y2][?MS(33@+TT325R:"]8%.WFKH)9*O$: M.5E%=5NHN34R(\\"-POL?1-)W4P/U=Q]6& $"SEY@V\5FRM7BZS+V%>KKQ*X"!MZKMD8:?L1 MG$CSD:]D4ZB2/;[&Q(-KA2A))1[*/*GCQZEK9U %=@K!MDHF3C+!EUY M>'5M0 IS(EI6YHHL/XR.()GI18?-11+79S-&M--.1:\S1DR;/2B"R)GPZD:/ M/3/TD!/^.O2 MJ=LI2BK\LJX?XA?]D>JEJD8H+*"CCT.50+=A3XA7DN!C*O'#4J1L[KP*,-F? MGYR:"+HCC\?),.5YB M0%G/!KF>L7CI'2)E GC#5;V&@/%IBU-$/X;8)A45=PH0C6R9V**9QAF!9DH1-7N-+5ME*UC%ML[F!9-41W]' MSPRPP)) EY?H%O$MYI2,YN"'HV7IVI+Z?0-X)!9C""_:1[B *\%,5NV&(70? M^A?;;3'$MJV-,\$791>"Y'$Y ]K%!7&'TXAM^8M-HF:;D=>&P--0SY.-T;9R M,C60];QY=4BBDH1@\ZB$^$?JR:"Q9=]/VF$F7!DINFRY+7'?'Y&8::)]R!@@ M#3S9I!(I[F\=9*2>>]"Q*.PZ6-/+8>7)S]=1\ K"*!%(P". M#Z?3^+FT7B7V?A%7B0_MYQ2C6(X,Y'BB9[]\0>#"M5V6.Q+7-KG>(X#7AG($.;KR3]H%O0,R)E-H="Z?:,1IFQF?N;*"[?2)>C:@CE>E6 MB58NNTT[ 3Y,9+JG,SYZ*9I_^N2F:_XRW3.;//,<8948<@JQ&^!#?'+,D\AU MG4+'X/*ZU-4J\9%%5(F9HSG%T) ![F&9)>S$6FP]^8XV,20]>!,7@6CF: 1/VZ+WK:!+3BT:N MXN.X8=#!6JQIEG/JFN' N-FZJU=>;?X$33+=5-M_T%TH"^!/[?!6;&5CAVT0 M)B4Z7;D)4W?.3KEYZ&-Q 1Q$'48*@WR(Z6)W+*$^0G?<]$-+Z&[6!/;!+9LG MXV6ZU-W2SIW/F3]&E=2@2IP%+#:PB@2E_&%?KCPH4N.X9J6BN^#AUKMFJUB$ M?PPU?GIJHBA2*L?*\T'J>$A\=IR^0G-=FH_A>HD-/5BV$/8U]%XZYL:LK[2$ M;8I-):S&5]NDXI_?-0ISI.8+3![,AASJ>L.\W!XNJ!32YWCT+I789X$XSE_% MG<;6/R@5!^+E44R;;QV'$<:KP3K"!4>;V0J5.&B-.96,1&,WB^UBA D404CY M>'>IK1(M-VHBG(]<(?_SKG'0/+TG[4 [!('$$YD)RKZL M3&=^C_.5BJ0PYWTHR@U!JG7V!U8?Z%&TCQP)X%=CJ/="(YD5=/S-]#3$>E]32WKI*\Y&M[9/MO:ZF\+R4=&:Z']NF2?63<]< M7EQ\]A[I!2WC M%3;?,SZS0>*MR2+K1F@?DW?39GVEK' >&+]5RP M*W>,T3R;+)UF5PC4"51K_&S_9,QB\QC]T".MC+:7Y+:8?[*&&&G$9!P!>0H( MF2 Y"-[2=>IWO6"I.0-)[^I--E$,>P8P@*MZ,DPN^2!RIL\>0.>31!>L^;Z; M&S^E$HU.?F[4P'^YFAO^O\[VW@]]R,P]XLB&071T02$Z8@E M91,&">SVEST >R@O4[E,H?TGL\@!6P._C<(5NS>CR";5P'=1TQZDP$DA7>,^ MC_R%F$/UTP^5DZ,^[9 G)L1Z$BG0)3/5M)>++5#T<,D'&GZ1],"]:C/,^AT/ M-_/L94865*)G9SLK&TZ;82= MS$E/F=_P[VFC>BSH>>4L>@##AOM#XY]+12O.<;RNK"KQ")K(#=PK6L%DB">4 MC[S_&#:J8<.GU]D2=!:>@2-PU2U#"WXT3R@C764.Z:I&Q^LV+76%'E[)FP-4G%B4Z]A3"93%G M)<+_L._S#RA26H@2N(XV)-7VX@2_S$4UL9J_=_K,3N4=:T3+;>R\@2E5RV^G ME>IS$VN=O%;XI-,M#X@&X>O+[-*83GOY]:@+7C,O/X"1JD\#@]MC] :Y&B5G M]U GV!9R:$,KM1/%HE39RY/XIK:SK[3MQUNO?&TFG&'^!7U[&\0LR3&ME\?0 M>6P_.*\3Z6IFJZ:'R4/'/=P:.1P*IK,^QB#D M728HIBS>%Y^G&Z9?1T1=Q<0]Y(M*%$>27V&]<_G8*JV+2B3O- M?J8)TK-7M0AOUU6CO6#D9$8N&7;@O2PO @$/C_DZ>^PC:@=3<%S,[+PE1IMO1VVH"0I%[['U!+ M P04 " !@@6].DI9-IA8; #C1@$ $0 &%C=&'-D M[3W;]NR#+(WD2^R*!G) V=4E7)&9*/1%Z"[ 32:O_SS<1EY]Y@+PNC'G=FK_1T/4Y\% MA,X_[GR]W3VZ/3D_W_GGKS_]\E^[N_\ZOKGP3IF?+C%-O!..48(#[X$D"^]; M@,6?7LC9TOO&^)_D'NWNZD:>^O$H@@_"7^ E\E"2<'*7)OB,\>4I#E$:)1]W M4OI7BB(2$AQ($B(,7=0 *J\3Q.,SR7D_N$> MO+Y# N?@E%&:+LT-@H3O):L8[TF@70F%.?&+=OV-Z@U2L0N/1=$J1.).M[)3. -4B*)E56WNSIEU508F&<4)$@ZA>,/[8$]7"HH&?OW[_?4V\+ M4!&8 "7:V=Z_?KNX5:-EY]>?/$^-'K*,&4\\VM)ZP;'@28U9/=XNF(\2-;JK M[+8:[>$H$?#7;HGBE>QWQ]L;08(4^ARA>#P9U8::E.S)NN1P%C7&P'1Z%*YU M"6H/RND$*5Q3"+(-Y YRVDW@K]V\W2X\VIT=K$=%:4?&49&W>PHJWN])*PBJ MEFKSDUW\&$>(HH3QU9G\>QAE$>R!Q]G8-$A5FBN?@@8:35&WU MI'2,$$O>8NW^S7YD"!G5EI>ZX1-2,XV2Z628W=? ^9,W@([?C.M28/_5G-WO M^2RE"5^!97HWQ*29VN5_[)9()A*3!**5NK7VD00>H^%"C0.QRBETBS[O5NBF$8)1<07HT='V4K_7'M< M".(#NMD8(O(V\&.W;#R1@"3FXX=%T4K]L@P+1"E+%"9XE#^,8T)#II_(9^"U M/^2N^P:'GHJ//V2.TQY%[\671[YRJ^(:K=!=A(]H()_P M% .T\N0>H@&7H;6R_'^LM?$UN@G%3BXHK^JWTWI98TS$$O#QG0?W*X^HXS- MLH>Y6G,Y5IL"7^^_?;U_,$F!WC^R#O[G196ET+_ XZ?69(;4 MILC#_;>'^[.)BM3XMTF/)VRY) GLQPHI[A-&$T+G,K!']>8#35XXU'WZO4 MPW%*+;KQ=#\O6JZK88KWZT=G]7NS=P:_US,UM]'?4<$B$L F\3&*8'/_=H%Q M,EI776@L.I)^3OX'ONY6BD\=@BH5E:B\#)>GD;WH!6)!+KE:X(1(.I]*2PVD MO3J;#=>95\>]I2HLA"6NPA,D%F<1>UA#>69T=K6]Z9EJ)4Z/A1Y@]13:%XV% MTFM(QA9R443N\3F5*L$73#R5_CJ0V[5Y.$Z;U3X\W8GW#^AF6WU=50-9\";? M/HU&*_CL2CP8I<02[8O.*C)^*HL4N?+SZRJ8#;A/E_+E@48"X^ M_9629/4TBC7@M:OT]:@I6D7_WY[NX$6;!JD_QZ3M[:57TR,FKTG3VSN-3['P M.8D!VU5XG I"\=CPR(S"?L8T,^R45O" GG),VZZ,2?MJ5DSVTZ/9Z_;F2X=J MMG*O+$\L/Z+!)YI(XW%.0\:7BJK\W4AE#<%H4=I^L1M3)+U7?L)FF4;K5? 6 M[[=((\#]0E.)R;$^;739$ULEU,#,<.@ V3Z&K/-_.N642["5+QNX_=Z.Q M>J4#DU?JTH["M^VZF7(X8,%C/14XF!E.!;JTLWW' 9\9"QY(%)TO8RD3L.PG M"[A_-,W"]6*S'\,=&,Q%:N[D]0'MC"-#J]FX;(S*XVJD.TB;. MEE9[^^0X-#J= LF6SH."_PDKS%9K>X!\: R0*PK8NC5DA?MI9JC9W&Z&#HUF MJ** [;-"US)ZH6.SG/-&]E/IGPW#/6NY?0(^82+1]];2)="$@Z,EXPGYCSZ7 MG.( 1F&VGU+_;(B;,O0>X,^OQ>4]>-4NMM)Q9-)91W=/RVKEJMECP9VDB M95$=AMEMS74TTHNT5U6MK99<51IU?=YDR+=9C5.\?KVIU>/O_VSP^,7LV3YO M_WN*>()YM#HC%%$IW>@4)6B<^#MPV',!3*%O@<@K,'F :NOU,! M:678I9VMM%9FX4XQ7E9,]HP-T^JE6TO;9]QNL ]I?[JB Z'S:\ZH_.GCZ7LL MPU#:)]>^87)IO%Z)V*MCWLI)9A?VA.V9(0CM;FO?X+;Z=;=UVSAV04\QDX,P MVLWEOL%<]NMN&\VF6M)?2T>R^L(1%<@'S%,-IAV9W52:$MTRC)Y"Z55Q;JF1 M- MXDGFTH;(;1E-ZE$U36V@2S<*=9@RMN.QFT)0;9=/4-AK A'!E_V_1O?0) MXCI"%&Z//&(_3<@]OL7WF$,IAVL6$7_D#VV8M@K-KER]+ZN'D%NNB4F3SH;(OF7_VA!QFO7R,E.SG,Z\-T6G7_-N^ MR%055SA&LO4YA8T+ZZ1I*ERM4.TJ7%Z!3 4<6^6W.@0ZS0KV M(+.'A*;BU!8E;:>1ZY#P)5/6!02K[/EII_"@GGJ'0.LBPJ@AD!1C0/7Z,A(J^H&/#09IA*_" MSW)QG(CC%31YTB%@[Z)7]V_'Z#[O"VK*Z-Z\NY6GI/"B]8I*X/E5//V,8PSB M7@VWURPV#:N)G'7QHM2*["EC$M; :TM7+VO4+AQ7HU"N6(R; M;-M=B; MP^DFSXC&;N",VVNFBH%;:\MJ0IULQ4Q8[/;+N/%BU,P6&JYTN41\ M=17>DCDE(?%1+14%3E!&?P9G($[[*8+IU#U#K&IQEJAK*2X9\A<--J1]PI23 MSHH/3S.,:W1DW\\^,"W^!^O:JW>YG?9UD&Z>4>V#%=U>! Q7](MFN\3_"7&J M3N QOUU()3ZCIKNZZM5\>X$_7/-YIUZ,N2>@VY?!T*DAJ +E)U?A#=;U'YYQ M,'1UU3L8WJTQ&'2G ,FS;E\&0Z>&GC.$&Q3*'>S+_]KQ]PBKG_]Z46Y+ ?I3 MQ2M(NI)+F!A.CY]QMMNZZYWQ[;W]X4,@[UBG>N5=O\SZ3DU-6EV/P6Q/=8#_ MUIGQV[@.C^-(Y3:B*/^Z5Z7H^EA-VI'9MQ;?&U?>)<;R.V'5LO ONBH*[T\S MP(-PVK<@WQN29OLU]W8['D5+_'&G_9A$$9BP'(%()4:2 MI-#;9\[2^./.XQV/R >2X.6.ETA:/^Y01FFZ_!"P)2+T7+X %G8\#2C='V'! M%P48I#PS"GLMTJND?D,QS@0(6?+:T[N48*SV[YT7C(RJ>UTEI>,RAG"5TVF[_17+Z5&\!U) M1HJB>Y =[.\?J/UI.$YKC#3SNXT--RL3[\STOW.?]-FAD?3&8T=)[QXZIG=N M,O'63/];-T@O2?5]^8PW"U%EQ6X*RON@-F&9QO*'*I1C33FD+4O[JG;=461B M=U CE[GG*8IDH"27*#QA/,!<\I3(7Q2O1(AAA57P/ #T&3GU97>C75"=4QQ< MX#F*LF$I=.F@&H-=$*[SI0D]\O]*B5"10G'+=)5=B:HQ.0#\1^?X).6\K=WA MK5SFWU@:D(B8"?79R8+C/CB'>90*DAC.8#F$+\@]9'7)5G,BR3T2TL9^%3A, MHPL25HSRJ#;3><\MZ].'!0&*$_)X3OU&7-!^OOG X!A3N5J%$D57#Q1SL2#Q M->9P2HWF4OI+4DR]09"3&)+>LOY#);U)5A?.. .C@) MYO@<6(TB=6%9+6(+JCM?;WJ9K"G+%KJ*JCK-C3=ND!O)M;F +^<&A,IP#Y+S MY1]UPCMA'!OJ)R@F7K&)BA$$RB' M47EAM$E]\Z6S*RP@.-8$QYS \="#-FCX44YG4BZAAP Z.^P6,LS"A(:(\'OX MX"0+25MU/4#NJK!->*8:8>&M N(N9VPI>Q"P8Q:0>Q)@&H@ ^Y%TE,%?>2W* M@L>!P&NX-^7DGSRLEH3'J:3N?Z53DEK!1S2X96$"/QN.; "@ PZ+J;-D^4QM M59Q5]FC,KQP>?CFY$4%W)%*5&W1)FR_X,3F.Y%!KLV:%74,]28[F&08@33BY M2X$!'84>/9*:THQOA_$2)!\"(OL7V8JT$?1*U'3^'3@Z58.[FZ?BO0L32.A\ M/DQ3RWBS VURH!6!W'6W1LVL7,II&[94;&>_LXWSO"?H$2EB2:DS1(,0](F,G ]J MX=B@[_2^IUCXG*A[XU=AL;N209>P&<4KEO\D")P], M+OF%6.)DP8*2X771N!9J=0\$YJ< 3<$Y)(T657R3%L#?ACLI@9[P=.G,,0^ ME+>H?5SY!ON,^B3*4WG@D4\4 M@CECP8,DM,7RL#;.L)@1BA_]* VD$HHE#YQT/,"D:7$XJ,G&&5S&$5MA?(OY M/?&QVDV\@_HML+&'J=#S3JU?'TBRT(5#B]Q:486"Y?\E2U:P(O39G,(RJ1#* MLW?C6"#ZO02L8P%I(;-'U87Z9KK>7)+(5)E+1I2+D3.G!6V)&,)J0!J!U$ZCS_T"=D-CB$MCU7 MN&&R_[[@9#B\L[K2+%RRZ(C2%$5?$Y(;^5H2Z@ XQUCLW($X(Y1"J0"=D*'N M.]6WGVP [EV&RJEMV =AYJD3REW&L@S6#H9:;UUDA.OKJ$T.FH\WOY]9T-2X M&6QX[MAT+UE@'),YE<8X.V$_"O0""T60^7A.LU!6I]67'(YN]KRYGB-8_297 M/; _+ /36JIJ]VMWXSI-LHQ!]4FG2)6?P;"U$.;?=%99X= N3GG,1(OA\:T= M'\M92+ZJ'GJ97VU^3'Z69@B6V!12O66W+ 2S@6B0W2!K1K@CX#=RKCYHV&HF M\DQCB-55!G+#B/9".3LM/TNCQP%5@((EH43=Q2#W.+NQ*XI];5%LSOB5#9=" M &NC<4U"G3[_,X:E-"?^,6JKH+#6(1P: MG4B=S7$KCV)4BXV?Y)7$5;/KNY(?VU*EFF-IL$^Q_O\YO6$K%$&>'.2ZMA/KK^OAS!KM M7?,)%9G<@VG@%DZ*0@D=!F8=#$ZD6)=;KR@I-C.O4^XOI)(AA?!N8(4%)<:&HSV'CKZA+$3' E,\G.61W0?2:;-].,;UQEXP+-OY EV,[L M7%/:B?P*QAEGRPOB@ZW XG=]WRQG- +2/]<(#K; MKT6A;NXP M9:\%DW88UWCK'+ Z%T;E;?TA.9"**M.WZJ-U$.3FAZJ-S!B^F3N$GQQP4S?7 M*]P\DF6Z+&,V0O^0.!(Y2$H^;"".!7;=XU"N ?$)XA%KC+KV\\V/L4NR= M0CM'%5Y4M9QA>9P\!\FZKEDJA!;FK#\ M-EXCV+$!..!_4B"%A;&*I8OA)U!6\++@HA]NNLI [W/,UV:F9C5K)24:GF8( MH&/AS@ F:TZD'\PQ!CMG6%'8\RK\@P%'17Y>M=)-+Y3#%6^Z::]7OAD MWF+ MTJS#FM-Z6]T/[P/:=+(S9+5]C?-MWISJUE-W'?,UX@F(.$O,.TJ3!>/5BT,V M@,TG2K5*:<.%&G%.(04&TIZR_*=\)ZAD:FPSU^*,A@2 _E;Q;?,KQ\QY@Y%; M%#75E#]R>1(!G:@<3M@XWLP CH\L'V8&))N5E=RKGYM 4&]!ZB?./@HD_V;) M0EI7:,9U]=V$Z6A0 4J (!^-YCV,#?3K9&I1MFW=S 5K/]YXPE=.DKG8?Y/P M3BAGMRT8V.H\ZT3VST9=39SZ);-*BDO MOJ' 0I;'ZK\1P6[8G0S4_7*Z# #<3$UZ.R_-HX\^(,?JZC<+)?0=SFI MD8V<#+A_SPO(G^77W$Y1@KY2E,K)(P.A1B ^''SC ?I-5F0W4BDDL!YB8=.S M]< XNTR]P> XH]51P&(0>^M3ZATAX81V3H1AFU"4Y%Z[$3=J.[-3]+11[#6ZC #&Y&9&@ZLT 2*@'D,A MJ>_:Y::W$R9SJS/)KD)=;3"_VGR\*G=@UQ;HH"XVG6)2EFK5Y5G+V$4EP4 5 MS4+QQJ$VOJT38Z9=G;94J(F/2Z:N(Y29*VMC<5X,=ZL2I#JNCZ)(?]JBN/T] M6":C4+JVT%Q? :\36WB3 M^'@"L+;Q.M#^NI&H1 MYFD*ZW89?&;GJ?,YE\MG^(PW+.@%\9_&YTSK\^_GE!IQB@[EE(FKU%9?6]I# M>_G;RU?%@74/\M3"-7?QXUJ'?O:^83)?P#$;["+.L7IY*J?OLXW?B31L_/KU MD_)?A(J;$?^H[I]3\L\:Q'8OJK7/>D838NSF[V5&-(OY%'[>\=K=UW8XO3K_ MF[$9XVGX>YGLS4A]TW)^5@/]A24HV[UJK"+6EJ45M=.&>,#":\H28QK:']*\ M3@I&GU"< _MP5[9POWSP9X(&0SMVTMA]:@]*RW?1C%]PMD*XEX)R6_G$LM[- M;I6/MH,X5T6Z36ZMF'3WZ\W7E+;SQ+0EAFRGI:I)-B1I:E)+1X=IA8V1B773 MF[LOBJ'I:"Q2I3U)>XJ3B62X(NB-1Y=;0I);.NMTZ M-]5O$GS*/JH2-*K@C&KA6M;<&+YKA7%&P+O+,^9+$6.?A,2_9Q%*ZN.ZZ^V& M4EXZ[134U1YR?7$ G -V"):,9>G,"T;GH(B"A\[7[EH4(/DZ+_65%9220J^Q M9'[O-D]19L\)U)G(S+R^:$#U_[/@#ZO@K\;NZ*;NVA XO$[Y2EG CKM4/3!. M)%U\I5G]$+CB!JEN0EWXREGH?NVL9CJJ?>I[I21:R24R\PG4<(!<(N6L:I\V M7*/]YBL_?IK''*6?W*[X*+Q<--$PE:3WK2* M(O8 0YO1UJ= <^*' COK&O)+L<><"/\!5ZB M7W_Z?U!+ P04 " !@@6].K*O^%O\D #8H0$ %0 &%C=&AWA;OM8[IFS3Q6X M6K5-D9HB)5OGUV^"I&19XJ7(J@)I;W=$TZ)40"4^? R$XG$W__SR]7HQ6UL MIO5D_/-/Y*_XIQ=Q[">A'G_Z^:??+]#)Q>F;-S_]YS_^\O?_A=!_O_KP]L79 MQ-]6+?X4X_>-%:B97+_XU:?ZH;RU"BT(OYC^,ZO$? M?\L?SD[CBR_3^F]3?QFO[-N)M[/YNR]GL^N_O7SY^?/GOWYQS>BOD^;32XHQ M>_E0:NT3^1NZ?PSE7R%"$2-__3(-/[V %HZG\W>W>,G]XU^>/?^9S9\FQIB7 M\[\^/#JM5ST(U9*7__WKVXMY.U$]GL[LV,>?_O&7%R\6<#234?P0TXO\[^\? MWGQ3B?76U[:)TV@;?_E7/[EZF1][>>+]Y&8\F[ZW=]:-XLDXP&^:FQA>?[F. MXVF<@E3SRB^;F'[^R?K9)P"$:$(7.LA;A;"I81\ST\/)Y=QEGM;1NJ[%3-8$VXF,'GO*O?I5,[O3P?33[O)/S& M"LJ(/;FZ;N(ES,CU;7P#.M%5?#N9[M^(S=45:=)RMH"_[MN*YS44%GS_X;!+ M?44:=3&;^#\N)Z, VO?K?]_4L[M]F[.^I@,UI)]>:EMOKXT\BU/?U->9'._2 MJYMI/8[;!_W&0L.+UU*/:%.V7V&7IB(L]Z]AM9_=O1FG27,U'WGW?]LJ] YU M]"K\N:V;?]K133RKIWXTF=XTK16V%D4'%_6WR6R[2K:UX.!BME,=MY?L5=!? M)I/PN1Z-WEQ=PXLSPTXO;?.I=?^W+5]4Z)YD/T@36I&Y7>DR K>C=RB& //WX 56IW*3<5'TKD M]\WDMLXNZ/-)LR>XVZH82O1V(WUM@9[%NHW3A8>E-8#K2@PE6*NI?-WS0PG5 MMA/7%.A5K/3VV M8WAD=&9G=IM@]L/7N8V/'4Y M.X1;$Z95\2(B MMR1)B\)%Q&U+C#:E>Q9X5C=SXEW86^#B]/W(CK/?\4OT-[/Z-E[$V]CD/;7W MDU'MM[KK]ZWOH(U:$+CU*.BA\EZ;>W$)BM#'V%P]4M:WM6)3F<&%:XETBZ*# MB_JK;?Z 5\+XNX#N;>I9^U",/:L;O$GMYJ+M)?L5-.][O;+3&-Z,\^H(XRB/ MJ^UB;BE71,BVA&A7O(C(OTWFW1K#!_AL:I]W(>')CBUI5^M!&CA;RO+[N&X_ M ?50=Y'&YGC+<#.*[](OL/+,IJ_N/L)K.[:R5:5EFI=__^YZ%UUUCZJ*-*7E MY-NJ=/\"[Q2942@"X_EK=J' IH(#B[E#5V\HUZ^0-U=7MKE[ER[J3^,ZU=Y^ M8X=F?;5%5.QNM1R@ :>3^:A9ACNUI4OWJ@_0U%X;=_CFO+;->&Y3Q>;B$FKI MM7E;*C] <_,FN)^]2Q_B8A^OU^9NJ?P S>UW@CF"B>9],[F.S>PNF_\P=U]G M*ZG7/FSQ@@,TN^7*MD==/3?F&JK)D-G1?3SUHTBZ[?*W*EY2Y-;0O?EX]G.?L]MK40('Z9Q7&(H:@(*Z%XD"3+<2_):.*_07WY]OF) MNF2G;G[^[6:*/EE[_3+WQLLXFDWO?S/O'X3)\H#>?RQ_7:T5\&UM73V:^X=. M;YKF4<#GR+HX^ODGD*?:HY:*J^B]E1CAX#6BPE$DJ1%(4>6("-40,):BZCA3FALB8BL M3=L?L?*D\2\F#2CO/_]$?GKQ.=:?+F?S'Q>U !V?D?7;0YC+)UY.\VR9:T3U M+%[=E\^'2POU]61X-*&M15BT1.2?=G'.=BDP0/4;:.]M1M.VTI6S6%,J, I! M!!0PMTC*P)#VU"45K>+:[,\D^D,Q:1@\MW/I^;J8?W,OSMOXR8[NEX%%N,8* M3FPI42F5%%7:(*:M1,I1@(0HBR+G22JBO4^M9M/5/& _! _ZQ[#P/ )*>(K3 M;$+9T7ELN2!O*%@1PAPFP'8F54+&.(.X4@RQQ$+BTDB%^?ZLX3\$:P:#LA1Y MWLTN8[./-K>Y8!4,$UQJB;!F%#D7&3(,1@_A&"9)S[6*>G_RB!^*/+U#V6W5 ML2.PP:#ES6R.=@QV!C^-X]TTQ:_FT,KE9W/1RG ;E,,"$8T3(L90I&)PBSE4 M.JZ=B/N30OX0I!@0S+UI<3YI %BPT[_$Z?6BW>MHL.+1*C$J8S" 0!0)*5@N M$5;"WTLJ >R?[>K'Z?;^P'O:S?__>4J]T0YO\4JK]D0#I36"5 *OWRSWZ:, M#&WRD!1T)3T19Q$C_VL]KJ]NKH!'B^BIFU73RXXU5 P'3'4RB"9F$;?8(TR3 M1M$:(6C02CAY.!=2RU:TT,-VJJB"^8,RE1A27FFD+3/^^'GR?V!:6:7@[5U7!>M@2BQYQ !N%(6V M"(,:BZ0) ?J#X&3"L7N@CHANG9 ]/L;!6V-_G'NHK6(F*LDD&-DI>&0"*$Y: M8N@3$; R A0IAX_=WW5OVJ_8[Y Y61 M(2@L*%*<1Q2HPM"Y2B&I#/S",T,$/9QAN!"RQ>;-X^>JH$SPGL""S$)$./J MJ L"S!&2*.7>.-/!W5XH9F"/[GFZ#=,1E%*K1@YWR@,7_LD!<[=V-!_*LU/; M-'HJ@(0UQRAX265B@2".#P?9!BKQZ=E,&L M%&<^-C;G?G]\(L]MFB!6/E\%[SAG3"*O" PQ2RP*A! 4M0[2$QADH0,G"H6$ M],:)OC JN-4_][CGL_G 8%CI?XNS]I%WJXI5AFI+0(%&-@D)RHVQR&CCD668 M*2R=]K;5&-$S5*6(\;Z)U[:^WWB!:6ZQI]Q2EVA1NO+18,(MJ-S6 M1,=YC&8WC3AV[^3G@A).QE3?0+3:E!O>#:KW%V.0DKTF6L"D5?7:+" M4E.?K$6:18E"M!P%:13"08->A+T'\+X/C:"3,=D?/*4H\'8R_O0D&08L35]5 MF2GH,AOXT*9X%2D3"F8S4(YA+E,L,$0L%\CQ(+&/3*OO10_H1(Z!L-I[WE^F M\H.WODMK4CFN6P1:%*VL#4%+!B@I89#DC"-E"%]&/WL1!.^P(I1!P()HC2K% U!*,A,,1)9NH]R%'Q!]_!&?WT=\7..7, MP\4!W9R>8_;XE.[F!6%3L2HQ90/6&":W? PB>8&\81(Q;4!'LLYSVF&[LU!4 M9W,O;-1(4/BFQ#A8ES GB-D$'!@OFFV"".\EQ)!WBE\OXT?OMM*?*4">P M#D#Y[2ZQ%6'=-'CG0J0(%G2)+'8VAV/[["5V7).(-?^>:+!;3ZWO\?WA*>TU M__Z.KQ\)5?;JXC6.]6'@V]MN^C"YLZ/EK/@01S&;'P#-!_C>;S[MTJYT11VE MVH!"H1@8!$QBB5QV("S/CC(/"L:Q^]-ZHL.PL'4];KTP\4X\+(G3.H/RD.MX M$2&T?I;8HY:*6A6,B@Z1P!+,O8HAIP-;^A*3UP9WH$49/UN?M!@9I(+R M%48Y;X(H;S4P'LZOX7-))"QD K*+N MF':FR--'*Z>\QLYY%#%C2 1FD+3$H1BT@-8:S%*'3;?B\T8G"O0 3JDN?VYT MO1G[T4V8IQEKYKTPFS6UNYEGWOXXR3R&Q1%@!5$^O1G/8A.GF^:.?EY0@7:% MN<8119D$\CPDY",5B*1DN=5>TRY'Q(K/,/V;NP?#^7!,W8EUE512),)$WA\U MR$48C980B8(P5E +^GSJ$%)4QOPY1"=OY=D>R!:,0%HLQG.IMP6PKGBZBA:T M?6L""A%41NI#1&#J@>(?L(W*DH2/W\W6MAQGU %.QJ.;)U=5DW*K_GSY: M66@H2QBP<= 6X31#QDJ.@E4J:!@Q+!S]0=&>.[\'C,H%E$4[O6GN6O7]\X MUN'-^-1>US,[VN1.75VBDL%;S:A%6A+0R90.R!$P!IB1@C& D.,.$T&9^)*> MF= ?5*7H\"%G&1G'<)_+_%&X!-CLM:\WF3';"U=6&.>%C4@R:*^'+XC1I%"D M+IC$X),>_:G'GDDR"&H%=VCNA9T;]+#T73?Q,HZG]6ULV1YOY,OXZR&-Q0^6WTQ@\_YOL>[=)\E_W!GK%.".)C'P)+0@TA\NG"@?#X-FO&\FMS7T MP:N[W^?W83WD&SCQL_IVFXN_?245<0&[P"/B5B;DT$Q%4?O M)1FN^R<%<2T8O)GJ65YR-X=J+A^JM+52^^00#:#<&4L9"H 5XBDRQK1PO,N! MSC(,&:KCG@=O[H_:WL$&OX"B/AF?YNL9FYPK>I+>3NS8/D3$;%!7=BI?,<:U M@/8@X?/QY4 !'^_5RXW>68=V/I"(,FQ M0HXYCAQUR6KN32(=DE25\;458DQO");B2+[&LV[RM/@N@;8$TV:=H[SGYZO. MZS& .JIO8]A FI8U5,E%[CAUR"5%$7'6(A:"0$E+B4DTUJH.4;-ESIT58M%P MD!8-DUP!R[TG[,$[MBU^LDT=E2?<&NL9PCP1)# '\\_#3SY)ZI@G-G2)6](_ M$K6&!+78G/7$U?1F_#S[TZ8)JT7Q2B0C/3%@* BP%HQ)$OD(*J.GW@3%%8ZA MPS:"^9$H-1">AV/3,DG4?93ZRF11._&K3845CIQ(;0TRF 1DG1.(B&RD2$JC MB6"OJ X'! C^L2DW$,2'G](VG;O;:Y+;5&%EB&>"!X("T0EA0;*GQ(/>2IC' M! OMNMS[0'XH)W0QB/=V03V7L-NQR7WKJPSU6GO%$?8!HQB91]IQO?2XF)Q2 MKX/N3\KLRI=P7!5$N-CQ_\(1$B-@8'+"71W^X^] ;\OW@6FQ#?GD0^>-D?DBYB7/=L-VG^_<#H'DP%OTVF<5VGH=M M1:MH//8Q>+"-8T0Q1(NXRO?6YU/QQ*KH13^G:7Y$#G4'\V 46IN,;!LH2MX&T"NXCT1BF62'D\&'C1X8G%9]PGHP@IW'8)(<-F+$P7SL%@&B6[]5DBB?#)+.\0SS^84,3!J=8 MK[@6#&^$B35,SP'&A9VQ'\EVJ*:R3GL='5A$TGK$M"/(2@G6BY%,!\&4E-]K M[$+O)!L6U\.Q[)%#=S?;<->JJI2PC)I@9!-\,*NSU21A*')KDB>"$=_!(W_0 MN(?AV=8[M@=;.Y_NP.^R8CXM6Y%H#)4D( (-1S3D;+5,!J0-MM!TST679 GJ MQUXG>T#SP-ZL\WILQ[ZC-VM%)16HHD1%RA&6(< '#LA2DV,:J?1*YPM^^SF) M_P-[L_K!M?0\!:OYAWA]T_A+@.5=>I1]HL5$M;YP%6 T7P_1L!8(Y.#&S5E M%KE@K) 6<\2\0"TD@$HE% DL8MI@JJCE6T74XN7#0G;_>630 F'OO'7_E\23E(S1-[6A<3+*ZM M#IIO]0K]0(SI#S5I[7V MH^12SKI.@Q7&1],E+\1!C\7TS;W20!\D@6-69W#Z5LJ2662>R],BM=>& M4A7,"7B>Z]MD,X8FK)"53B 5DI5<$XQ-JYFW>'M[3@'>\YLJ'*4*5#(D(T[( MN\#ST4/XZK6/#JQ$'3H*:N]$DDBF)(\$LP*,,ZT04)($9Q3G+>[YO.@ M6X7?P2 Y;)\=>KSD%GV(?F2GTSK5?D&3\']O%@'>V70[>7?Z9AF*]"Y]G38Z MC)+.[ZP$--)Z3E&B.3]W@O92S#"8BP YQ99'V\$:+^1\_AX&QR&ZJF#LQ]=& M=C0,=ZZK2L)&C&F.$R42*>._@S!4+9?"3@/[C9:GB6$ MOQ[,4_1PG/&YUVK5?/[\Z4K,[X%4.:T6YD@9I?-U&? AG)'!)RYLJUQW+;>[ M@1C7,"4FP'-2SZ48K99YP]/5*VF84?A,GHE7AI]@K$].U)FAE)P3HO3YL=O. MG?MATC=&I:;L#_$VCF\VNOGO'ZDX$\EP[)#EBB!.*$6",(HLY8(+G:0A'2;8 M87NZEYYY=H/%WL#L'9WR<3*SH_?WC7@^X3T=L.N>KPPEXDR8UR*]IWYZ.GZ[ K3W*%Z1SV+= %[Q:&68M%*QB(S5 M-N=2S)=3!'E_D;2,J4N$ZK#>OGZ[LD>(]N[,Q?7?]NOUWW%!J+5=NK9 ):C@ MITQ*?GY^0IA@]#4]A^:?L#,"D]K)V;%ZIP;HU+Y VKM;W\);/]FEU^IM[;-) M-OZTG"RF"_'6=G&KPI5623IH"3*"8&0<=T@ ;Q'3= EP\% M6JF5^7%VY.?Y2S>LU)L+5C8%G"05.6#$(J:Q1,X&C.!_;XF)"I,."5N&/?PY MS,K=.V"E*/*C9!T>-K1O&-+\(,F%3R?3>3:&Q;3XX+G8OFNPLA@H2ACCR"PR MQ'&DE,AF:PY@C&"TVN U3QT"9H8-PQN&)SW#58H'!0):RN@>3;'I1S@@L8%*;5>O)GP%>/P/XZX[^*:=(L-\T^VB]Q^OH+#$KHDWILF[LW .9TYVW( =]:\:"= M#,0@:46."P=%@V*ED"<8=%87* Y'?S/BOM1YGE+XB& N2VEHS7+16(;W;Z7C MLQ*5@5%NHU!()UQY^&?NU9G-FZ2*,G_B;W M0+:[00'(=[##FK\8_O=_&UZ*CT5<7W>FE;3X5!'Z;!(<7I! -UKZ_%!<>J?A%7W9_@\[R MRZ;NWF,W\5'MC^Y$F8=V/OK3VIVBG>NHO%'&.,]0#$P@SVC.$):_SC? E;8L MMLKA.(S&>R_O _[M+O?95*P2WNJH&$6"8X^$H KI&!GRFHE@DQ>:'>W1SX'[ M]]GUKKW"N/<6^^H&G]=?8EBT$C2!KSLU.XZ+M=5403%E+25(R$B18LXAG=7W MY94QEGK7(65@&;]+?UTX*8ID*9-Z=4OF6SLMYI<5I2H650I88\2BETC@9+-# MGR$GB?-2!Q=\.M:@J\%8,PQP!R#)@MXPU[9CQ\/C%5.79O/^TNH"53 DAHA%ON@N(>.U03ZYE%,9 M.A("L<1V2 19=KG9O^NV<6%?K/I0/N82?+V(+&?BO:YG=I0]@*>V:>[2I/EL MFS"_B@Z*U*UT]#UJK4AD)"DK4=(T(*V)092S^P758Q9T93X(4YCZ M(+JO5U182QX#!:4GBIS%Q>=;2L%RX@:T8AJII*R??+W?.0W+X7LPELXW#[]Q M6;K,@IU^S@V6#9#+^N@"W-147IRK%'ZI>S"_K [V#KR/&G0EI#FEC541GF% \R32L2$-"<*&<$]\CXF M;URR(G7P0>GOC3_#PW?3.AQ\_@#JW?ZQ%3^GQ M4XHY6WK\1JI5,>@;1E+[2JI$\J6C8,BDR$ 8"18.<]@BA:EBU"@AR0%3?Z]N MR(?H)V,/EMF"XK-SF'(;.\KJ^ U(=O?-PSO#M%/ME2"!:)'3[4?'.=5?*<405PQC)0)V%FM O<=;D$KXWP_(DKV MA/$Q,?'TTHX_P0/=O"T]OZD"A=QPZAW*$2XH)H _7;L M.Q='2-+.*!_"U3B_)W$*]8 2W?&8U8^:@&&8=BZN8IGMWMS-!2M-9 S."V0" M=X@0YI'RD2+IL0Y!",'(T9^DZ:5'G]ZTUS=LI5:/I>!+C^ >3%E7LG(P]Z5D M'+(DKY@Y(6\DF*.(J93!.9?\T7MM^^S6U8SI$;["E/G&4[<'<3:7KWA@4L"2 MAH)E 7D&JI=,TH']P$6@6MADCO[TU?#TZ1W$TO/.PKFVS[RSIF0%0T-8F>\\ MCB(BHA-!T20P/*76/ CM5)E9DO)*FIKK$L4,1UR MSB!0JY.#82(-2S%)1L'V._:Y9@BMIG_<2G-EN;SN3YG-%512X"B]3HAP; #= M2!"A,B&EN<$F:1KET>O#O?;R&@;U#F-I(JW>E]R93FVJJ0BV%AOKD<2.(Q>T MAIF=.>2U<"SAY!(^VML^2I)J(# /X2@IEVOG/D*V9!C8PSL+I31Z],92P#ZY M'F3P%RW3E9]X?W.5:XOA\14)Q?IV*4WOV9.6]A8*PR@H&5Y;G@R#L,IA9U]_=6 M2>^(:Y6VZW#I1$KT=7_H%5O=EY*?W\QNFOA8Z*6"4GJ.+K42_M>-;6:Q&=V= MUV,[AD=&9W9F#_7>0V\X_7GWPI]W+_0(3"FS]\^[%XZ1A'_>O?!#7-1^^,WO M(^C[IW=P]8+WWJK]ZNNEUZGTO5SX?GSF?\\8S^GOOKZ3S0%:B]%^\5U\&O6[G[N3G^ M^+;;^NW2'J':NU._^]O8RT0*#=#Q?][*OK+@P+>RESG(.,S4_]W>SO[]W:]= MYG#A,#3Y3N_9;GF-_":_YF 7T1_?^;YAJ#,<@AUW@ZW_]TT]K3,P<;U1N;E M):C@I["6\O/S$\($HZ_IN3K3)^R,@#5V $M(76'MW[X?E!F.^ M,O)FM,P^/Y_![AOW];K$6["?KS=E?=RKLLHG@3%Q 4EF'0J42D3C0V9+843H M$@=8)H?? -0H!6:I]>7Y!7Q;]B96%ZAPR/G@E4(63#$D9$BPC%J,E%>@:6$- M2VB'K ;F.Z1+[X 5HT0;"Y8<="59-(! MID=CD,[C3AJK$56)>!5X2++#7%+R1,P1;G7V#7W9H)!C.CQ_T%FHUVB,/C J MQ8-O8J%.9K.F=C>S'%WX<;)SR,_.=55)V(CSG9.:$8F4\QCL/$Z0]($HX@0+ MKH/7MA!W^@LG*P%@L9C9U3&UYFLQB% MCM!L%J)>KT 5T2S._WNF@ I4:,!>SB?]C?ID?+,KP8B!D)N@!WUP.]C4" M@!:2NR&&#_#9U#Z?VX4GCTZNV5*PW\=UR=&S1KH+?QG#S2B^2[_ ;#:;OKK[ M"#(<7JS\^W?791?A=<(4'=27DQ$8"-/7_[ZI9P76N>?O+ OW-Z\N!G2VGIJ[ M=^FB_C2N4^WM-RIH7M#KXY'C=#)GX]*75*Y[6@EW9.*\MLUXKJW%9G[?[9&) MES<&_.Q=^A 7Z2J/3+QC8SX8@]<13)*L=\,$,=]@.S+(RDU9U]>CN3UB1Z=V M>GD^FGQ^,TZ3YNJ;0^$'$V![MRQ=.OG#P1K[C[_\/U!+ P04 " !@@6]. M^^1:AYF+ "7NP8 %0 &%C=&[21SJ5]_ 9+.V$BG MTS>2ZJY%RHP X+#/#("9P6#VK__SV_W\AR]YN9P5B[_^"/\"?OPA7TR*Z6SQ MZ:\__O[A)_7!O'GSX__\'__M7_^?GW[Z/_K]+S_88K*^SQ>K'TR99ZM\^L/7 MV>KS#W^?YLM__'!7%O<__+TH_S'[DOWTT[;3#YL_S&>+?_Q+^L?\/ONEF&2KS;<_KU8/__+SSU^_?OW+MS_*^5^*\M//" #\\[[7T1;I M;S]5S7Y*/_H)HI\P_,NWY?3''R*%B^7FVPT^4C5/OYVN]AV>-J8_;W^Y;_IJ MZ*]XTQ9**7_>_';?=#D[U# ."G_^/[_^\F$#R4^SQ7*5+2;YC__CO_WPPQ:Y MLICG[_.[']*_?W__YMD@V22;S+(R7^99.?G\ETEQ_W-J]K.:3(KU8K5\EWW/ M_ICG:C&-/RG7^=1]>\@7RWP99[49_'.9W_WUQVRR^A2Q@P*B+7+_O?$ J^\/ M^5]_7,[N'^81P)\'GK;-5]ELWGWV+\89EXB/Z=H.N8TVUH; T'V&LB;]]R,LL_?67/&LN]*T''(NL9G+? M>(">I[U8%O/9-)UJ.ING+?C#YSQ?-9CNB8[C3/-=;+Q8?)OVU+Q>H21)]Y^.9PSWBA$?5@5DW]\+N;3J*B[_UC/5M_;DG-\ MI L1T@^7FH[;*Y$V7T[*V4,2CK=W>KV<+?+3B[ZVT_#3:ZA'-.G;[V1W5F4\ M[ET\[5??WRSNBO)^L_*JWYV<]!EC]#IYG\W*?\OFZ]S.EI-YL5R7C16V!ET' MG^IOQ>JT2G:RX^#3;*8ZGN[9ZT3_5A33K[/Y_,W]0_QPDC#S.2L_->9_T_ZC M3KJGN5^$A$;"W*SW.!-N)M8-N_3L#9C#4',>=,=84)^O8IJ[%,4=O[_\V;: M=)@A2&BV; XV[G4Z_WN=E:N\G'_WLT6VB$WF-EMEI^95WVN$"39D=*/.(TRW M&;>;].UULN_S27(/;"_59HM/41%8Q#].\G/.P;,&&7'ZC4[+,X88<>K-Q.6< M,7J>_.84>A>E]?O',ELLX]R20[BQP#3J/LJ4&PI)@\ZC3+>I8#3IW?.$5[-R M(W@?LB]1%I?OYMDB^1V_Y9/U:O8E_Y!_R[*%%; 6Z\ M"GH8O%=R/WR.BM#'O+Q_HJR?HJ*NS^"3:XAT@ZZ#3_77K/Q'_&1\O9 MJGDH1LOA!B>IV5YTNF>_$TWW7CI;YM,WBW0ZQG64UM7I:9[H-\HDFPI$L^ZC M3/FW8L/6?/H^_K.<3=(M9&S9D9)FHUZ$P-5N+K\O9LTWH![&'H78%&\Y7<_S MMW=_BR?/:JF_?XR?[4AEHT''(2_]_.W#.;IJBZ%&(:7AYMNH=_\3/BLR8Z0( MC->?.4<$ZCH./,TS6%W3K]])KN_OL_+[V[L/LT^+V=ULDCVS0Y.^VB J]KQ1 M+D" *3:K9A?NU%1[RY+BL7&QLJKS\\#F.TBMY)P:_ +GI$GRR M>GOW/M_>X_5*[HG!+T!NOQO,%6PT[\KB(2]7WY/Y'_?NAV0E]1=*?GWZC[F%-N+%OGC'*4@#BUBH;='Y^2L7]) M-ENL?I[.[G_>M?DYF\^?3_#(6[7J^5EZYT8W\W[2L^])Q3^G,/1B\=,TO\O6 M\U7+*1X=9\ )%_?9;-%]OL^&Z7VZF]%_NL_O_\C+MG,]-$;?$_TC5\(COOM>C:D"513F!>30^*_$?V[;/G'1O[7RY\^9=G#S^F4^3F? MKY;53S;GSD\ [MXH__?=C\/^24.D*W\3_[B?RCS[(Y__]$[8/+V]+LH=M"-1MA&P)E1M&@;J./'0<^ ET9S M3:W>4L2],THVH>A17%0Y^:$HIWGYUQ]AU7.WPYUU0*=W[OTQH^@1@3C9^(/- MEOLO*?P]G_[UQU5)=IM%9VXV^:?MN\BSA>"9;EZ(@#Q;R^9'W\4 MWF=Q<:EOLT.2_.SW(4(".296&N^A!DX2:W9X :.(&Y'5-6=4#>O/Y%?1'80- MMX=DW*_/E(I#K-NV")(RCZ@@&EAA&47<"U;-VSKIPT&];U F'M4Y'UG8$ON7 MG.N$P>WP\#*\>Z9_7XIUX['LUPC?_?J^EFG/V@0A9:118D,0\,!0Y#6OYDX@ M'?.(/&B*'.#9N:@7_= ^*-^R;Z?Y]K1-<%%*L5& 8$4H4$994LDL-%CCUGQ# M5\FW#K2WY-O92NKCO71R_R3C(/XK.1"_9/.GD3X'U-9378,G1/@(CJ:84\\H M0*;"#!+DP/6LT@%4VI[1&4L>-IE2XFS?;UR".Q.Y1@@.M@].,^N-T1Y")J1C M" M0T>80:7^L]K[.!^!\'Y",Q>ZWJ\]YN7M]LIOI/FE.#=?KN@6%#.364JX5 M5!IH!QXI%5ZW-VKP#3"_1V1&6_+%9F(Y MM 4TZ1^$,YP(1[0D2F#IB9 5[0@[I5M+!;D!J1@"HM/B\?JZ)_TDI*#Q15XN M3?8PBQN46J\^%^7LG\GA^(K']1V"X98K;(TQW%!-A38 5S.V1++63*57S-1> M,1EMD4=RW]Z9,I_.5CZ;S.:SU?='K[#/\W=YF<)5LD^UIWWS4>*!AYP65GCC M!'7>1VCI#@!L ,.*-]N_KNCSAD$'#&.5*$JLY\URX#47:1X.+ MJ"N^/&G,C/K+D_,0&//RI+T0?(A[95;.BB.7*K7M XZ$2PRD0= "B)"77%6 M&"_;:Y[C7K(TYNLQ\>@ REA:2C7%WQ?+AWPRNYOE4_O,&7Z(ZNVKTU011<9D=6OSHZU*T F+<3EKUF7*6MJ8 MP2_:!^PXBW10PA0 WHATI[*'R++V9N9@?&[+G(,\[@;'6*P^? 6B5B8KR^_1 MC-MDKZQA?:/^ 7G&A5+&.2:EI%!KR7>T0\ [W#H,+ JM>5@,C])8$O*QS%(! MEJ=OW?^HVPP.M@]"24H1M1)%!=EZI*1Q.]J8L\A+[M$12F AO@H[9BHRQ+;RBHZ--&M(\J&.S":6"NM\)EM&-_%X^=@/#7:29*=HCE'/CP[]<2.!.&UK?(3Y+]9*N[ M;%9^.:+#U[0.S$EKB#-(4F^Q8,*8_5P1=^WUM8%/[M8LZP^,L=;B5I?X-5]] M+J8',H =6)5'>@1'& !2<8 )=-Q% 26TH@]PU^BESB4.Z<[KLQ] Q@L'6GQZ MD'NFX!*P\XHU3R>#!AC3D%:$>I0$:WW_\'BQ'I20YZ M1*5#'-@F\W3\XMN[(YG'CT>$G>P:$'+4,T&%XU[%3TOK946% *:].L:OE+<# M(3-J*/ 6@M^*Q>2D\GVP?=#&&\Z%P$*K:%IX:(RJ:,-&M8\(%%?*]3[A&->^ M.FE8!0-!-"2B'1BGCYCTVIK*\A0,.=N:F?+*F=F*_O%".;,_4D#A+$^ZP^NL M< VNTIH.$;AGG#JBH57>$DB ,Z1"@!L.6TO F \YVMZB#H32!>2D^27K\4Z! M(4XP4TQG:^OTJ&\IJ2!K[X!J,$ M8!#5 EA!E65*8PN8WN$@%>/MK?XQI*8U4X_XY_L'K+7VOYO 5E]5D[@>EAN$ M]Y4%OF^LT^/"T&*4P#12+.+'#93$*8[I_D"5AI#V+OG!CI,>A6%XP%H+P_OB M>S;?;9/[R/K5+_FG;.[SO!+;8T+0K'=0D/!(@T?&,<"4=%::BA8F$6K-_,&< MO7TS?Q"@+J=.G*5&Q'W-,TBUQ(H:J*RUD%1>+>D<:,_^P=R_ QP$G7$9B]M/ M:H8^F7,CQ\"IKD$"$RTJ[QB&2@$MO3!5!)(2E+P6,,# ",!?IDMH3 MZA&LZ#3:M?#@0M$;6B,&\VWUE\W,3T7S'V@=**)(8A,M'N\4I(0+6 6B*0[1%<;N M]\&DUQ%['8$9\VPH%HVX_;)IX)8+K"G 0GAJI&=25ZM":Z/:YP<:\$ZA=U9W M1&6\(/T\6Z[+[XTX_;IQD#J:QIH30JPUCF-O417*H"7HL*P'S 75.Z\[XS+: M[<$:^&JFB571*S^X*7_)WRPFQ?TF2]4FLN5C]JW^>NBFV@1W2 PP6S3C* M[C$"EM<2&=DA(C)83WE4K(@GG%K@!-5HO_9TW'*O[^P9\PJC#\P>I63@S)9' MLCB^R])-Z^=\-9MD-UP0BUKGF(IZGG%<4D.P2>4T(TDG'C$5XCM*-(.P3&##P]-Z=C8V;4YW0\#X'L)G(ZFGFV7+Z]VVP; M3?,ZONP3H%91]X7:>@F$\6:Y7)^]3VP[!0"XL'%+!0H1:U/=-E]MKL:!9LGM+UZ'J,\]HA4NE^3^ MV_5JNZE,.VH-S@?"B M%B=%@]Z!2NU3XE-FN1(82DIXM05:HES[J,,Q*Q>U%8K^ ;J 8)RA3-;T"M@Y MS*+\0YW29!+'X-[TMMKA]OK"F&6*>A"$CL!<3 !.:@A'>H041VDEP113"["+ M&I&%%7W,J2O,3S,DXUN!V0N$HFZG7334-1MZ\"](9)YJIG21$-,**[T7@L!;.\S&/#^MS>. M=P?D M=S>_J7;^]25GL_+[[>[L642>4P4C;J6,V*GU_9 MQ1P&P#.B 6",(B(0@7)'D4'&COEHX]R+N<;,.'$Q=Q8"MW$QUZG86MP]D/ > M6885LA88*$ %"#9@S/I[G2[DFO*U4;&U\T 9+6ZKW]):1F B(GG<&D$@$4SA MBD8N@+V1J[EV?&M>8ZL52G].B;CNN[H+"\)E!"!5C8AZUKNR^#*+2I7^_GL\ MH]XL]A5_U60U^[(-^#K]YO?\P8)4G!M* 22>:X4E8-!4I[)E;,QPCO8J>EO5 M8G"\QG/E%W>S57JM4NNUKQH%R;53-AHS4)&(E/'&[JD@CK9WP0W&]2%9]3I3 M=#NE*W%\"!W%)K\6[0>9\N\N'M7SNZS M\OO?L[+,CJ?"K.\5&,' ,"Y-FK3G"FODJ[EK*:ZQ-.&5"4A/T+86"_,Y6WS* M9XM]Q9YX,._+>!R3BMI.P5D/4E(?C0GU'L1C',%JYM0TZ 4X7F[^)#-\[=WS8HI'>D1E!,,"4VCU<@8TS3**N(.>\$1MZY##L7ABBE= M@^3T"^M88F/SAS*?S#;50^*?Y_F&9XM3I5K.Z1X@ \@0BS1(A$(L&=DO&$EU M>\?M<"69KDF@!L!X-*]?N@W4680FY9S(%\M3\G2X0R!*8>*X@#Q"!HAS5*G] MEFL9;RU!PQ5SNB8)Z@75L63FS?U#/'83);RVF_*IOC$P7P^^U(; MEM-PA."TI4(2AQ 6W,5-V>E*N?-8F/;.H>'*2%V35 T#\UAB]K>BF'Z=S>>/ M5)SP*A[N$ #VF$5-$'+,I!/*IXRZ.^HLX.T/M^&J4EV3$/6"ZE@RL\F>= "% M*H!D[[&O$:/&8P2E$)5,$"BE59I@;17JQ.?)8 O>X>L':<>^&)@EAQJ5G*1K>C7#%\A3[P MZQ&BSG!>3I#>E7G4&Z=5C1/W+5FWJ0C:DYJI9XE6DP%#-& ML,$<]-]]DC+M-NG^^\=O9RP]L_9!W/0 MCRU08^)[?1&9O41B!FR=-$HHH'3\KXW6MG<5"D;)]BK:8-O6B&;C8#A>6)JV M-Z ]Q??6#!:X)(8KE\J8,1:5!8LUJU"A1K=_@C=FXWO[PVNT^-Y=D=J/ MQ:: ;9EOMO5F\0PG^P:/BQHX%X8^S(:N&?X M1@P)G^3Y=.DC>-NHBR>6Q &@Z@/'SQHJ:(8,<1)IK "S"#H$(^*$8* B^+B] M)W3LX-Y!!&I8-"^V)?U6K/)FGJM378/0 D>-D',A#-3.4P*J%04A!5>81^J2 M&U(W]"XF+Q&KJ,6MOK^;9XM5-!12!NN'$[>$S0<)6DJBA"$>6@2P<91B6:'@ ME+_"<+U+RE!?.%Y,FM27;#9/XN^+,NVJ'_+)NCQYL#4?)2")E=>.>[C)U,(] M(Z;"05I\A>FK+BE/O0%Y.76IG42=,4QP/N['T?S%R&KHI-/\<6EQ0ML7.!@L M?.^B:E)O2%YLDWH9#G;.UO2R;[!$:(6 5U$19!!3!^G.5^/PT6IG?) M#:DC?-?G+NK%312 H=+%DSU:KURG>"))]BBD971]87HC"M%@.%Y8FOQLD2TF M/3D?:P8+6@@14?=&<(D-1Q95?KMX_%-WE;5HAW8^]H?7V,?8VSL[2Z0LIDT. MKB>M@[51U?,4$H1TU/P0!\16=&%%K_"I[I#,.W)4M0=L?'VFJI.W>4&QJT#5 M2)DYU#$P8;&*FZ:VDEI"K8PV9T4MA["]J3ZVNW!(\>@%NXM84RG_X=N'Q)JE MVSTHKL\O?Z)O -801:4V@%L:SW,E175O++"D[966L=V#@\A+S_"U#N-XGS^L MR\GG+#T?+_?QF)--'M1EFMBQ>(V3'8.7B'K#,)4 :>*%9DGH"6*4"FOA%4;Z MC" @V W]M$23?M'$M[>/! &6Z1M IK#N6>8B1]^\1H8SOGACYD>D!O M+'EQWR;YW#$!"*F%LH1A["RT5%FU1\%C)UH+V-A.OB$$;# < MQY*F-/L49QO_E6YMOV3S=):_R\M9,7T9FELC3^<,$RPCU#L=\2 4>&0 LGLD ME.>W4>"IK6-O0*0N*S,JKH2R_!Z%?E.8Z&QA>=$_D$BL0!8P["G'4'L/*T-3 M=DK -F;%IWZEI!M$K6WQ=Y&LQ6IS%;;<@&F*90HVF\S7T[3;[1Y[[%X='3IV MV@P3,(&60Z,(XQHY1+"3U:V(]-*WM]/'+/ASK@",@-2C'%RF,$C4NJ*JG_)[ M?\D?5L, /[D)=?9LD@>GMW@(CEQSBQY>%?G2QHT>=G C5">(:51M() MXZ/F+223-=5=%Z2P?KXJ071S:_Q+6]HA>1DA/%&RY:1F]D+W]>)7RZS,+ MI+Z&YK9M<,@@SA672LB(,>(65OJ(D,:V#ST?+'SF,BP]7G*S%9!C"ZLF 3F!F$\Y^*7#QC!GK:Q44P?(F%IU>XNZK7[=$H6Q^+A_E+ZQ]=,C MFIUUWR"X\F3?0%+N#4L!306Q!*&8=^1*R_W^2YPM/:1'TA4<\P/ M?J!I<)83+3P -J4XP1)*71&KHC+<_A9_L/VY'Z;U!$C'JXWLT=.>-[K$.- A M>(?B'(&"U@M"++>:J6K&!,CVF84'BROMD85]P=*:D;_$KW[*=D42<5I1 []NOT<&NK7MD\! 0C762/JWI M\3JK?LW)6M\Q0.*,-8I K W'% %)R/YHD>H*;ZC[/6E[A61^@3!JO9E_RTGG6B9V".6.:QTE(!A.(?A*D\6-I3<85Y:X93M/O%JL,K M@NTM<+K[7<\WKRYW.5$K2O4Z[F/Y,>(\=493KRN?AT;>7>%CE>$V ME6$P&^W@Z:DV#N<>(6[@)C.EM#85=-EOG1BU=^4-IG4,>,ST =%H'MZTUR4( M'A'8(U/GW*WI%HQC1 (NG0,<8QTM+%9Y-[2AJ'TA[,'>F0PG##T"U5KA^%BL MLOF[J!;?%?-9\3JT[*5.<:Q]@)0SSI4 *-4<<*D?U7S51U>-0\6_#B0VM 3 M0JTY^EN^>JB^/MM$*\X/;]LUK8-+&6(,\='$4AY:8/!^0S(*76,]LX&XV0L^ MHU_)O8Y2K;N$>VP=@&74(8*&6V! MM8Y'LY 8K_;BZ UO?TTSF,;<%TO[Q&6\Z*9L/OMGVDVJB2;!7*:SY$3(4TV_ M("DUVD#/,-0<(6'AWOMHK47M=^TQ7Q:UCX/J#YK1_&U[#2*]X$XOXE;??\U7 MGXMILRH&C?H'2ST@W!-,B0>2&TA%=7MEHZUQA5IZCV(Q!$2C>E:V!)QRI&Q; M!<1TNJH$3F+'*7,2RNI6VAIDV[M5!RL#W*=BWAJ(\=9[)7+;:=;HZZ>Z!&@$ M,H)!"(EQVD8]Q>]L2X$D8QV"7L$-\+HG6,9C_'9ZV\EN!+66YZ]:!R,QY 1A MBK7R-I5LU;JB"W#5OF01O(4@Y^Z(C+IG_Q;MQN=>@M/7\/4=0RHJ:".-4%L. MK?%.T8I:+&@'DPW>1*ASG^",O>BK^^"3)_GA#L%[S16)6BJDC&,!&!>DHLXJ MTCY "]Z"NZT74"ZCT&\#0-?IE<_>OZ_SNZ+7K6'/&>;R2]@8XPV%>#1L !;R15FGD,(4-XCW/\20?ANV97X/4A.ZX$ M1TIV>^LNP]A)Z7O5(P JJ;$0<0X9U!C&,QE7]!G$VIN=\)J]C/VB,A;7WY5% MG-R)FZ#'1@%(*S#6."7^,H1)#;RHJ%#0MO%U$AIK* M1Q">(\P4,E$W<^G&A/+=!8H@46'K\';_%IR-7;"XS-Y058_Z6#QY&+[+5ZNS MY6S2>& 6VB,JO" HD,!2W@+WLEAT1I+>EQ6+N+>E1([ M5@EG9Y-HFMG9?+VJC0P^T3/09,]!9P43FL8MT1*L]ZO%Z@[U+F[!G]DO.F-) MP]_SV:?/<7KJ2S2'/N6_K1->;^\V%"S?KE?+5;:(AM"G4SO)6>,$2Y"DU&M# MN*9<:6[VAA/1K,-+8'0+KM AL;JPW.R$_14IYTO.L9&"99!"X32"0@MJ,+"J MTM<)B%MM>]FY!3?JL&B-)3U/3LQ]<:AJW]QDK*55$09<(.Y43FGRJ52VA #05-A%2^V%$G'G1LS">:YN5$; M,Z,^-^IY"&37G!MU3]F'2;[(REEQ(C/JP?;!(*]!U%<4P )90I-_;8S?'HR:^31/H$+&RDSADH(I * M88NK!>6D1->=K[0CWUY*0<\H_3DEXC*2<"(IZ+4(PH4$X&!%HCKN'^P0F/%> M>Z0$ ]A((5AZ5K6CCL,.;\7'-/=;JPA]8')AY?NI%1@D;!W>, M$09QM*GB2D:>$L^@Q(T>)E^9VBTUL@X":FEZRJ2U3-O2AJ*4Z*;#5>[@:G=C M9IQ0N\]"X#;4[NTR2UM&L=B4V&FH?A_J%Z@#S#HI*'02*H7 M-S4](O7GDH;K5L&O0 @N[BYOD68?&"2HQYQA9;CSWKAT#;VAB>(N&5P'4[X[ M\N9DOOSS$!F+RQ]39<5U^;T9GP^T#M8RFS(F H^E82G)D*FTJ6A:^BO,\]X42@Z M5%$8[,:K7_[WB%HJFHX1&'>&>^X1C]L#CD^ROJY;H!8!Z0%)L07 62"EK2QI9C5K MOQ$,%OW?KP#T",Z([WJ>U>!^LWCME7T?Z?%%^34K:U.\GC=2\/&\U-!Z;1Q% M'IFX&]K]7DCQ%5H0/;H:AP5KM)N<5W/>%FV.PI]2&":V='MDTL\' F48>HV0 M $Q$VTP11??H*8K&=%0V%+7!Y..5#_," %_ PW%.[&A=M^"@U5ZA3>P]H$QK M2*H%GU)*M<^W,)@U/)8H]0C;=;]E8HHI!!W21C*+%(VR7AWDW%'>_N :S" > M2P2ZX#3:IK UU5)QAKN[?+)Z>_=;_C5:<,5Z4Y7I73E;3&8/\XC1N[R<%=.W M=VI:/)R(4&@_:/!2&BB9M\*PM#2B>KE?&9IV>-\RF/$\VH8R%JBCO:;.ON\B M'_;1TS4R=:!UP )8@C#3"C'!(**8:, T,T9IO5\!JD.FWL%,\5%5 MWI[QN\AMSE;+4JD(75G[Q+*F5X ,62T5PH99#+&QUE4H"A1WSM9R,MB;_+'D MI#_41MU9WNAB1 8Q& M):\ZGX4!'8SPX=*<7EC!Z0_-T>RELICD^7238^U*BVIC<:B M2N7V*IHQZ/!RY.:]PGV#=PVF54][TO&Q@I3)P<4-%IY;;RT7KC(W9<2IPT/5 MF_<-#PWF=9QZ9[]K.G^TD&+.B ."P%Q@2C**I&M5%O%]$0'5X(7?SSN5>$#LM#\>J-VWK16>+:?:L7G2^JSJ7 M?]M=PB[3-/](TYS42T(?PP:*%6%6P*@)0FVE)I!5ID9<'+K#FZ^;]2]? -?1 M7G]\F^3+Y M_3TTF&-?NGXL?ITMBC*BLUDR.[P:W+\>[A@\Y)1&HR12IR'QU'E,*VHE5!WV MJ9OWAO>*W"6<3>UEIO$@07E.@?!,0*.,$QCY_7V DIRVSU8Y7-;;2[B?>D5Q M+%F* .2S3PNS+LM\,?G^L#JBJ^>'"F'B6LO3<'ERQY*G 7$<2Z(>)UA-^>VB62W($ST#]Y(PD>P2 M(3"&$@.O]_0:V$%N;MX-WB]T8XE*M4]6>EF%4MI-;3)=DR*7G*W'%+G_]^0Q MU]XB;=W3X+( M&ZCFQSL'(#3VSC(,$.*::MX;>JW=H(^?+^Z2R):S MR6KC.HL361Z1@68= [2*8PH-C_\17D+.H@4:/^ZTYPR[]@5'T,VZO@=![B*! M2EM1W=P>-@U.>M(E4*N\MH@2YPCG4!BW?[.O -8=]H:;=7/WC-FC5%Q)8L$_ M279O!HCW7%' (B^@A\(!N4GO**C30C?:U0:F[,PT@U)1ICS4R$*F733?H3$[ MBJPP?,RGF>>F&6S,C/HT@^5@!1[SO4#CM; M1+JD&6S,Y[/2#)X'SFA7B_TDEA. 0445PX4 MYU1+J'=(>0-LAV+40\E1CXKHB,B-9!#:?#DI9YM8XK=W>KV,$"V/67N[Z0SU M59N2@;4R-8\XRPY^IL2^&P.2J# 7.O3.>\.,YY16&*9"._:Z[GIPE!- ML[@K?GNSF!RU'P^V"TH(*) U1J=4S392;E0U/^1-H_H\X^KY/6)>](=,:\YM M:PH7=P_1>EFL'HIR=5?,9\4R.YZ^I%&_$"T;]YOU#]KN5%W;+BTC*?_.53\>7G M:3[;'BCQ#R_/D?BC\&H"=795?8> +3<2P/1NS !*##(."^B5Q=Z2J+BUO:-K M1]0L/VICO6H3*):*>2*EM4*J>%90HW=3YX#J,2NY'+2J^D*^Z > 4VHLYG] M2_XIFV^Q.6(I'6@5(DB>>\Z-IAY#"262H$+,23,FPQM91QTX5O2%0C.]MN46 M=%1C?=DD*,MAI ]1R+0E6AOG:35IS;2X3B.F$_POEVTW*&Z$CU=E8%R$?2.R M[7W^:?.X=['Z+;NO/3-?- WQQ"%&$Z!PU*DDAE%S9CLB7"KF>SUJZ%"':#=$ M!F6KB8=NFX\3'X"_/:$RZ.+ULWE>FCBI3T59OW2?M0R:2<$=PQ)3KB0@+)FZ.Q(X M]NT= [T'@ ^V<+L ,A!/*\O^8_S($68^;1)2FC'.F8)(2PL0T$15D_:,^/;/ MTWH/U1Z BQV0&)A]V]1*]5ONP;8A;BN:(2FPE9Q 3; 2O"+#*-7^/.T]O<> M#.T"R<"\VD,R-UN MH(S"WZT -N?PD_;!(,251HQQ8H 1E E;V6LI<59[B[7WQ!>#\[@]+ -Q6<6Y M33?SFV>':AR]:A.@UI)KX42$@&JJ"9*^FK:DNOW-6.]I* ;@9A_S=#L?=YH4Q7U4]:KK$I!TC@,I@.:&.<>\!K0BBCC1X;!=DM.VI-DP**H414 @'J^E39*\I6^]@G&V/QZ#L_'"? MS>/VT8HOZG+03,2:)]- J5ENFF2S/L'2:NPV%["_ZLSH",%$GH MLUFYR5)B9\L4A[6.3>J?7_7W]NO0MW\K5OEEOKR)B1K^TW\KBNG7V7S^)@K% MK$S^$Q--Z4_CH7YJ NT?W_7S)J&:WR\U8:1'VP8.O4]7YV_OJEF?3/=RN$= V#JHM0)>:^NP\A*B'8V6B ZWLSWG M?>G G9=Y/'I!8LQG>\MR]40TXM]>BD7\47C,P13YL$'H2/SI\<8!(@PX4@H[ M0Y1'S"A506J-0QUR(9\M#.=E>.G*TJ)G:%J^N6K)Z*-!CG7-@^!(4JX8QAAX MP@5#R%84\8C6=0:N]L&B6FYW0N?/P/?+\/M(H.NUL+L7-K?/XU69[1^VATCC M/%Z'^@5E#+"..(,@M<1P34!%J].HPQN\\SW4%]GEAT!I-(G83O'D@]IG[8(T M4GD*/ ?6&,HPBD*]IR7:C=>YU??,IY?<[P&AV^;Z56WTU\3LRS!Y6^7G,:U0 MXL?I?!LUO0(#U #)+:4.0H0\X)A5='KKVN?<./^&ZJ(;?7\875@63FX M?TV M3L-(I?7"8B@,MA+(BE8&E;GN8Z 7+C:3C$YX_;EEY"H/C>L3C?',PO?9XE-> MX^K9_S[$'5)Z Y436#*!"=7$50XSUN61\?G7VA?S[K1%8W .'LVC\J)%4%1X MBR"24?G!D" /&=S/FXDKW<1;8O^27M4F.R[K+G.6OK['2E6F&EP6 M/>\0-'1:DGC"<)C2'D0B[1X=Z[L4$^S[FKK_>Y5>(!GIIOKHO>4X5\9'/S_2 MO?%6M_F8?1OW6S:_R\LRG^[^,LX5];/O]YP*]LG8O]3<,!]M&PA@U'H(E4*. M,Z)M7''<,2D B1]#K6Z83\^U-MGKRW8!0DI^%SR_>E'TSP0)SN,/=&1O2\K-/6$RU@JSL'YI@0A)QT&)WH&Q SDRDF%A3,& M(BB5W]'KF&=7?KO0 Q^;2$9GO/[\Y8G%$']C5%4@Z^M.)O,_G MJ8K;Q^) WM/Z7*^M!PQ<8>4MM%)!;R0E @E148R4'36W;S.KJ3<>%A< <*R= M) 7%;OVP\WGQ-56LT-^?F !JNCT (K"XC6# I]H +V:$. MS4 Q#?WJ(@/!-):@O)SJR9/F<(<@+/9&&R$Q\\09+)%1>^J,!->MB/3/Q&) MU/YLLG&5RL>UBL0E+SS35->KSYN:[(UB(UYV"% #8RV+IS+T,-+%F:IV62\! M;1_R/E!81+]G12^@7([E#:^W7W<)"FHI*#= :ZNI9T@#O:<0,GG=IT-7MIV4 M@DXH_1GEX2I/A&L1@PLI W&RR]5L8HKU8E5^/UF[\F#[X&W<,Z45V%'JF(U M65^YA35EHZH"C:O.=V33RW._!V!)7BVF*P)G_?^MRMIS.)K7NB(8]@V!, M:>.5@E882C1"'%?T6D/:"T+OJ5H&$X1^(1KO&%CEY2*;O\^_Y(MU_B$OO\PF M^9OW'TZ*Q(F>07) +*$<ARSJ9E%.OW M^3)./U_J;)Y^=):GZ4#_H!6G\;\20>%<-(J8$VQ'.Q04=\CNU+=X]'U[P/2-SL15_?.,Z9^4?'R48"*03 $"%B3 2J:JG0\!)-OK<[UG#!MA!^@- MI]8[P6_YZMDD\N7OBS*?%)\6LW_F4_=MLBF__4WGBXCYZI2JUVZTP+V'GE*C M)0)"("=1-'HK6HUHGZ2W]U1C/>\:H^ UD&P\F5>MCGC>* $CRP7V0!C*D,= MD.J2A2 N3'L?<>\I]D>5A8XX=8U9FL<)3=+^5'PYG)[Y>., ,$;$"*>A]EP@ MC+"MT$!1_[VB-/L]<[0/.%HS[N59LY"7M*SH5MC-51#G<;-5#&@ 5< M4@=)1)%:"^F.=LQIAXIC_6?A[UD61@6NM= \[C(^ K&I%/!V4[![Z;[EY62V MS*T&X8M]@[[BT7O"O?4_%PA=E/ONTV$=:']4"&G4.5 )#051&J5* .I?N MP':4$&>L;\_A*W;V#8;/6.O\I=&YV:Q2M2"=Q1TJ)OA"2]TT#P(0A0 I, MO$*5(XY0TJ4VR0UX+"\#8OM[C9>;[)$I[Q;2T6N.\X8)RG.$,>;<0*\M3Q73 M0$4=D*B#+G/M#LQAD>HJ!ZOLVV0[K?7F.B:?1C7K;KM'9O-EE6CJ85T^%,N# MIU>'T8(3A'@LJ1<44B(IX+0"-.[)'8+>X;6[,D_ MY:LGCII?9MD?<=ZK0U536HX4')2(:J.%8XJKN/DI4JGWE(DN'K!K]X8.#M9H M&O+FL)M]R??8O(^2;(I%-.C64??:&7?1L*]3AQL/$I#&>//(%%DEA)#<\ D"&,4*R%=%'D M,;$BTJN5DE9Y1-H'UJ$K=J,. \X%A*$ZX6;;.]YLHQO]+8*X?+OX6&9)QC_D MDW5YRJ?2=L@@+2:288P?K2*AU#4I<]UD M5=RI#[_'/@S(8Z=+T_Z!,8X$@50#RY!DR&I1'9@,T0[9ZM&U.V@'@NABY\K? MROK1ZH6 MDZBX;HNJ53]VW]*%2[XC4ZUV6DZB:QU9^OV9"Z5F-^GU.\%*82&')BI2,JXO M@)C?8PDL:O\D!%VQQ_,:H.PM=/1]OO>X-(T+?=(E,((1-H9Z!R66)*K2=!>[ MR*CRKGUT/[YB_V7/J#SRKR23E)]DFY=\DJ<@6R[AWY;,O"8O]>JB+NV@X1 # 0B*X1)A' M8]I3P306"#I+#1="-HH/&P:%Q_(WSXC94!(IVD?9/%+5O!;X62,&"(&72F#C MM50&<4ZPVV*DI2.B0PS=V5MG;:WP_IE^M(3XD !FUYQ*WE6>?"QC#!$A2-! ML4TAD^Y'[PX0L?P8)[8\_*O3.<=[_$S *>+520)]9 5P'@"G=DAJA3FZ[@R! MG>7C99[RRT/[7\+:'M'+".F)](4W+:.7D_UG-E3H^)M.O4L7N#[L>^7Q4G:AM'Z3V7GBL!6)"6P<V% _7<[(3/]?/UJO2]ZV%G3VS\M[RZBTI"[J%!H[4-&,A'-7E'*Z)[2+7@%IS;;MY>KWKR=TZ*-M@T+,.P4)END M41X9RJIY M;AO=TPD:W],JX'1,92BG4YFW[:2-A)G?AET\"]P4 H;)FEP!%I M%-,[BC!1J'WDX3#AI[WQN"= Q@LXJ"ZFDII_LO3+R\9!0*VDX2 JZX:H*,;< MVXHJ1$9-_WJ52G!OT%U&($RVRC\5Y2[-98-$\*GFURD@/>OIS53TW=PTCW1#AKB)NHTRDD5M MM)H;!KY]3-" !6'Z _R0JMX*F-MP@'J"A#'*.!LM3X"1 A;N:")1G;VB]/X# M,KLO>*[[$D1;8RU 7&*@N&<&6\HK6JSNX.L>L)C+8*SN LU8;-ZGJOJ83SXO M9O^Q/J7F'^X0+$N!TM+H")4%PD2SJ+)1293B]N?Q^4_)KEK5[P6^RPG'R0OW M8UT"LL0([Z2@5C"L 80$510Z14AZM4X*]%#'I2W7]- MT8PF*^=%O?+^LET@F &L*'& DWBJ.@.==$?(.V?AL\6B[Q< M?6^BC]=W"-@0H& T*1P$%!,95=!JQE1JN.(ZW#IH MPJ@U#%( ?:H4R80BU5RQZI '9#!]>Q@N=H*E-0OU/)O\(VJ0D?P3['O=,J0" M8"CN%\X!+!QA (C*TJ?6B_87E+TG7QB&=9TA::GU+,O5$XTG_NVEMA-_],0L MV#>(GN=QM=X M3"T&1O+/)B]799S=HICTID.6RU5M",:A9JD$$?1QA[740>6@SDJ M>^M5CSZA+GI#I#6_/J0L -/'[]:S[7#K (625!""E37.*@ZH4/NY2MPAJ\^M M<*\78(;/+M\7+8+E@!A@E6::2$90-&RJ&R2NH_A?K_[5 ON7G.N$P>WP\.ITHO%8 M-Q[+?LV^S>[7][5,>]8F8&XL)X8J@+10\5!_?%'&49?@@T%TG5:H%_W0/BC? M(GXG^?:T353*'5/0>@#D%86!]\*W#K2/%]*7$N.DBF4I@?]A M.ZL^0+A!_P"U<\I(C &RCD@)Z3X 2GC"VJ<+&^QJ:?#<)T, U_YU5;;\G$J[ MW!7EX]>/63 '&X=H7WL ,..6 * I%[M9VJ@Z9 1[N98W!M*8VT"VU2Y9EV6 MA]E^L%UPDFKFL-&88<0Q2#>D%2W8X/8<'^R::O!%W06@L9B=BK0LUK4IZ*LF M 0).%73 04@B$ @P!/?;#Q3M'TL.=ITU.(M;8M-Z:TZ)ZXN%*1:IM$X$L;A+ M)&6+::2T7*?R"*N\C-O+L=VZ:?]@G8"<6RL=HE88CN$^WD4*K-I?7?:>-GR< M#7P@X#H*0KXK*US<[5X5[B[)Z]E_K%?@B#E"(5?8$XV]EFB_14D!27NW8^^Y MQ,=D>D]PM5?'/B?+8[:XRV9E2BX:)[)[/'H\8\7Q+H$[HP%3S#MKM2>84E0% M3D@H37LG1^_YPD=2S7K#JD\.STXKWG6=@J88*$6QQEPRSP@3JHK7< )TJ"C6 M>T+PBW&Y-5KCZ685\2EW^9O[A_7J\:#9E\[ZO[-\OO_IB;3?+4<,3DCK$<." M,HT<)X[NWZ]XB#N4D>D]O_>(FM\84+;>4M[%,RM*=O8I"GKQ=1&5EL^SA^HA MVK$MI;93L$Q&5=8+)#PSCAF(2+49>DE$![=-[TF^Q]E3^H2K>WS "=7O9;L0 M515&%,36* E2/5: Y7Y^GG0(\+X]-UP?"(UU*GR+;5^*+< /4(4,W)T&'48(QR7@)IH:,,">84V>.$7)>-X?:\?>/CV?YI MR/8BZ=$?.5N<.B!JN@3OE3-*:Q"7B9 IHJ;R@%@ &.B0C>GV/( ]@]4E&&E= MYM-WD?+98HLT+B#7Q_>G@^P M;[1:6*1;3#;QQ4I,\GRX3)N_*2&[<;:J@G6/<;S-64(Y0P8W$G '# M$).&J8I.ZT6'BN A1/:(RO&L898L>P=]XC(P#P"%-:S1 *T2&H M]$8=A%TA:LW$ZB!IYO8]W#K$@R8>/X#$_Z2,@991N-^>(' =XF9NU!78"T[M M3?9G7]WO&6_O[O*D1E9[QU'CO5GW8 6-GV4@FC70I @6RO82*B7H$.1VHZ[! M88#KJK-MKYI6LTC?<^7BA-YVM%]PFDCOL=,*4$ TM9Q4.B?4YO&H/9_QM^?% M&P*QUAS_?9'=%W$"_\RG\TC@=+;<4'V,T4>:!T8@,MA+XQ@3"@A (*EFBXSL MD(/I1OUS_0 U7NQ=92=N@\%JKO)/=0D8&Q_W*:XTM\8) O(1 TO:YU]#M M^?9Z!JN]H[:Z>9HM'M:K92I;&[>=[T?]M8>;!PMHU##C_P75$ #MI>+5;!T& M'>H]WYZSK4>@QEKEOQ2+3Q_S\HE7*"'R",;RM[QNQ3?I'H@#$3 ,.%)8"!ZW M.PTJRA7@[N &!:[T3/,[A5!S'ZY:!.ZN=(92G='4Z_H]4SQ@M,@1T M..5OU /7&:/6?/Q8K%(UG.KSE8@=8^:1YH%![BF"D=Q4@!A(:)FI9DNBO=F> MHS?J/>L'J/'TMMUE3I-KMM>-@S0&$VV0 09K9!&$J/(N(!1WHO;LOSVG6F\P MC18K/YF4^0;WK:61;3T'=F=J)'#>E?G];'V_;/:"IMV P3J% -9,I#2SRFKI M@:C0 ;K#93ZZ/5?>J%".OWJ\\GLJN_:ATH-TENOXC$<\3$8<7'0 #C9)Q@M%99>:D6]9H8@K&PU M;^=E>_<>NE'W7H]HC;7*_U;&.;\KB[M9G1'XI%4P<;*,,Q[W*>FM%Y&4ZEC$ M!H/V<;[X]IQ^W?$9B\]O'_(R2Z6&W+>'?+&L?7[UJFWP7&"&%.): L&)<$)6 MY@WV K6_P<&WZ]WKBM)HG$]GS'ZRVW-G-^5ZST]]QP &4>$2=U!PFY/?]CGTB-^[K_MV(Q:?C _[%I M8%$QCM:P1TA9(JPBLJKS'?\J?7LO [X]3V5/((W+]I/,#L9R)1RP4@#O-"38 M@\HN(@HPUI[%M^N-; 7-:!>*L^R/V3RBG3=(V?&Z<;! (<6BT!2$B@Q2!:.19+;XVFN*)#JPY7COCV?(7=\1F+S^_B6'D4Q.G& MYDBE&O*WZ]5RE4+;#K[H:-8Q,,RTMR!N:YI;C2EQ<%>9VE)D9(?";K?K0^P5 MLK$$Y*DMNLTA5R,4KQL' Y046GONH]A#;I3EE=JXZ]8-CM&ZKH%:03!C$&@C?3 < 9-=6VJ';'M#4=RNY[#'@$; M2S1L_L?JS6*Y*M?IIO3)TXC'U&?ORMDDAS5RTGB,X+CP2FD&E60)#N,J8*V. M_^IPX-RN,W$H]+J^2ZNB*S>"?.R@.=0VGI>.>^DETI#9:#I1OK>=M8[[87LN MWY[;L"^46G,S9:)]V&:B?7@VC2K-W3'6GNP8D(K[%M58JV@E(TI2@?L=!8;# M+NKC[?D.!X&L0X8 <.*)\&.+ *1&G'"-,=?0Z225U?,H0Y1H[^4GM^<1[(;- M6(>V+F?33WDBNN94?FP44D(CDRXHE/-":B@4K=XY&"- ^U Q=(4:;3]=S]&G+P(!4&"G@ MN<-" (^C/E#-D6G4/FD9O3W?4S\8C?<6JGK)\?;K(I_J;)Y.@J-+NDFW %() M-8@AP!1 'C7_:.?M*$W/0=JG5:"WYZ,: +#62SQE=]C8&:K_:.M8QP^W#IH M3B'0UBF !+ >2\XJR]W%$ZB#MG6CKJM>WZP0;"KW1 F"R5*YZ<^&ZN2.K O+KPF". M= E: &B\8=)J *TCW.[O9YW!OOU[:7I[WK2>P6I]2+S/L_DVG5MZVKN,LRGN M3N4LK^L3D,'($*^MQMI #F7RXJ=Y&Z:P).U#7]F-.M1Z1*O]A?.ANAJ_SI;% M^^*/8C6;'+]]/M4Q6,NULHY+"J+6*H3GN))3KZAM?[?%;M2QUC=DCTS_UY]? MH!5G^H_-+P[\?#?&,^"^?OWZEVR2369)%#R?!+Y MMU6^F*:GD3\/\,&/FWQA@W_Q7;9ZFBMFZ.^88KE2FW*&Z_OU/-V6/$V;8O-5 M-IL?F\SP![M/!$99_[(IGI$M/J6 F.V[G/T"J#GDFW0/4%/I"6;>4*T1$D)+ MRYU'VC!,!&[D$!I(K9E\SJ?K=/36$/+Q1.JIYH,$K)S5*I625P@R#[6E8H<$ MXJZ#G_/\33*;SX]OC?VR]:6N,Q1>FRTR$3Q=_EF6?+I?HV:[G>7HX2E(::8QI- M4*T$-%:)]&!V"QY@HGW4T/G"]CE^HIRL_\A_BC_-%RG4[KCP#2$?Q5@PCF60 MU5#P./_?LOO<;I2A=B)U:*1 10JBI4IR"*7C'#$&*SPH5C!$F?/NLG:T]YYM+5X^(_I>D74;"GE'YYQ"PRPC63C_^]9F9=NB1W=-V@1H+ MA$@9Q#U1&' CU%[K $AT*+8PE)TY&+=>OJSK@%-[E\+FH\G&L;/E0[',YL>= M"*^;!B0P=)! " 00*FJ3Q)AJEDJR#@6N+L#-]JIQ3_BT#V,^8IR>8NFI?H%X M$:4YJF**88D,4X15\R<"\O9;^&!!.L/QMV>PQGL@HQV>'%#8,=RN/UZP4;1@B.>L.&A_*_'&3/S"\+/$,:4*&A M]R8RS7.^ T\ !#O4W!W+03:HR'3PF9V'[)_?D\%!W!$D8XYA#"5.#DM=X>&D M]G\>GUECSG=T:;1#]+\D[>9]9MFHH7!&_.R M=.-6K<_L/)Q:\GQ9KI[P._[M):_CC\+[2')^1-5Y]OM !3#(0^D(IAY:N,G* MOIVSY%"VY^WY'I8K5F*Z8#8XGX^NYA?BG@,YI-7< M@>WPC*GW([0UZD4_M _*M^S;:;X];1,\(@)%@M,C=8:] Y3:_=PAN:(+B%[X MUH'V2UT!ZJA<*9'T-DU-5+.4<]51KA#38\;$-0X<'M OV!-.';FYW)1ZJF?C MMDT0G!.O"1$&.LXL45"+:E[8DO:I,P9\AS\._UH!U)5Q1VX93[#R2*^X"6%/ M*#;60 \AIL#H/?71R&J?+V/ =_DC,;\0WXAG\DQO>(V^7]D;\O\[OU_)?97=UU7Y/N0>OD*[N[]M78<6.N'/"CD[U M#8SHN-80Q1IQRQ$E4E2VD2:4MD_"/F ^@Q'DJ&_@.D0DGJ*V=J\Y>XQ =+25 M::HGQYV5D#(!*BU=IQC 0'L$JI:KO/I5A?;3'"Y0?Q]OE'& M*@&NB5AMTGU3Y%99;D@*G79:"4]Q18U4KOTY,V".@N'%80CLNDA"/D\U:)^K MX+M"M#4"4-,K:.Y3#3+)(<+S4]2,8RYD9+J"!0U'*H=9<9[WB%2\8:=DT-" M.)9R^>;^(9N5FQP\K^*KM\C-$W(U*F;#$>+B8)0+*%7< @7Q "!;79X8(SOD MCH:WZ1\=%K]KD!_W;3)?ITHT?RN*Z=?98X3QF5+T:IR F6(&80,P(L@83<#> MN62,LQT.I]MTQXZ!XO6]J9)<>8UIW#T],"K52H/FKASXO9LTR0(BUV*9V0:*8U)I)GM9=$STB$R[S:]IAT!&O>MDU^OUF5^0".N M?P35>X:AD?(F_>]U5D;M;OX];-XVF(6\7MXDEBM1B_J/':0 M3GB*"(TGNHK_08 S*Q#V1+*X9\M&>0*N"[=3C_(ZC1L$TEI"YC"Q0A!(!%9Z MAQ9E'LG6^^IKGB_?YEWRQSO^VGDU358TW"Q<;3%8ZORNBL;:8JKNHSW\L'F83 M!MA)R>EC^""DH,0K3ADG,$(F1:KTL-,X-!DS$V-#([^; +PLO#P^AF-)G\GF MDZW7Z?=H=96UA#66N?:#!J\ET)@I:*UUCB"JZ5ZW]<2T]Q /=MG0JZ2-AMQ8 M\G5\@S\I1:>Z!A0/ L,HDH#S8Q6AN]7%(U_N;[8[EYEI6=\Q@O*W&:M?TQ4 M_UN^,NNRS _6H&[2+9CTR @[(QS%A "+E<$[2I&5MGV4_V#GT^6\ #T".9;( M[+;!.E.\:A(LLX9&D4<,(TR !I;3B@*"U16^YKF<*+0$;32V%]^S^>K[\7BH MPPT#D49S'7=48S#%$DH.S5Z(O6F?%FFP<^&"(M %NM:7C*;8T!'I^R7_E,U] M?ORR\4#3(.+&9 Q4@A.C)1(>>;@75V?:7SH.=G\\/H-[ N^B6L&YZD# DDLO M_?_?WK\-5]MI5U3&_$"PI97-;(MTDY2K- MTR] ,BE95I))Y U4>::Z2I83FVCP%9TQ.D # %801&&&&"*$U[Z^U3#7.C_X<;!4 MFXF.B4'P'$\XW$1HJVLW6RWBQ)^FM=I(O*OYL6/D].!@/(=1GY9"&\D4YU*K M&E$L+,VOUSY8HLV4 F7/<(YFIE@NDD,RHAQ?_>G-8E.MJO7FS>*WV6J>>+_^ MC8N(;1Z.&2W.>E' Q$F:*L!)@(7"W&!8Z_Y1"Y/Y/L'!DG8F=%\/">U(@5?' M V+&:5AW? ZC10;M4VY6FX=?5K/%.EY$*>)^K+"HIN^/18*7OSX:^)OY:DON MC[.OZ9Q^?SM;Q+O?_5E=W6_F7ZN/5M'B?YZ-0!K%.?Z,=)I-4\BY-L6P7%GO2=8:2FB MQA@@"22(>"89E9)SPT3>QPH M0&K,PGM' ]P&HFYSV?E><1LS<*WO2JK>&H\0-B1*5<1+"Q6I%RJ('[,M06XE MU;Y(^7+5U+/PR50]!JBXZ2WV$E$'G0:>,FHI8_46\1+J,D/ ,K%O*+V9A\'E MT+"H6*UQ23<>R3*JI@IA4]Z/,T0;8 #2'M=SQTP57#6U->K-55//6ON@=#N[ M:BK%5#B!-8&,6R#]UJ6YG[NB*+^6U^!54[/HUF'M8UG8OF\+UGS9V^KW8T;; M>D1!$AZBZ. TBPIR#3G'%N4'0@X6&5,82V6@.#U'9;%/,$1*IPG@U&#J M#%82UO(])X#F5T@>+%AF:EXY$[+S&&-=7?W[I^77B$VR]R>VP/N?$T/@)PRQ M^VUX= S\--ND&3[8V::"+S##\0'!Z;@>ZI"!SD0E7T(DZUN94^7S&6&P.)EA M&:%7N*8_';8GW(=^1)AO7A.$-9I""*,H9P#PW!I<;P=A7(=:@X.%QDQ]@G0& ML3!V2M=EYOWSPGL"LA8K2A&"# /AN8#"U5BDJWV>U]I1\./_Y] M7JW2#?;-81^$LP7)* M\'EY1 #(2:^MP 1$I5.H"!S?RP&".YKO4*$DLY8;A#26&,D:R0]IK1P MP:@K?SPO>C<]M#^8-1_1,L6L2^;1:7CSUX^_K+;"QL/C17)2ZFH>%!1U411Q MBA.BO#0.>^3J51+>X8(=KOCB)$1>#H3HX$D$K9)['#.*:HFDQTHR8J BJK;R M">_R;9?G!XL5(F9UP:>$AQU@\.\G09EBC"9V#=DB.1A M<#DT+.IF'Y=T9?B:QTPV AKK8TBS@B+0;R\MJ!0"+"-!]R83J9!/,VY[J:! M@1Q1\TC-V+Z=:]L\@].#@X>& NBM,TA($.5JS.,MR 7'4 (#\QU'A:08Y+)/ M[]"-Q3!IGD]$G=TROHUA/\(Q+48'")W0EE/*E-2"&FPYB>N.IR]&@ILQ1<.B M6*9_[ KAF1,I RU&!ZWB7>]Y7+D5D&H+F(FKYEZZ>-)RD._S*2118"">RQNW_F0 MQONHI0LJM<%$,1-U@=J0HB!JUZ.NY,R!7&X9!K_I^6?8?$AL/94 &HX<\U*P MN*MJM!4F(-_064@Z0?_3C7-O,X*G"HH$0."F0IY8Q)"FFR+'AJ/!"N@PL.7#9O] ?:9,SQ>-;]?7F; M_NJ$1:;="P)#S%&(@)*2>HJ,1(!%U0!!;(D 4N2SS(7;@0?!KQSN.2&^M'M! M4%S$Y)7S7Q9,Q$%+;R%0SE!IA;;)?D4E M% 0VB'R_\+-P(-C.6%>[$A%YC]NEE?_U+-U=?UFD1H.S+]6J:K[=!^>//?W M9?:K M>$*8)EJD5AD">F*5M-*Y5O7%!T+NL.=/+G/=M,[V6<0=OQ&(X0 :H*.4RH$7 M"$@@]C@B"O&8<;['LXQ'9)G&U.-QP1XS-;GG^$_ +! 64.RMXAP12:(JO5^H M%&;,ZO^9\9^CD?K%^-#S\"LGMI!#:#%VDC!$4[E[!FR]Q3"7P%Y"?&AK[!N" M#/,PN!P:%AP?.C3IQB/9^<7?L27&0X>BG@!A_ ''2VX_=V*,+RCQ(AOUQN+O MYZU]4+J=7?S=<853%H'5$&FG//+X,'=!5;[I=?#B[UETZ[#V\^C6H4)E@XCS MXG/!4>4X)!;$H\<@:*%U?K\&"FV'NLBC912/+>KT@>-HO-"8==GP9- .QNDC M&1+=-T[.NW5T"G8Y>3Y1": MA@2EF6.&0X&)94([:JS;KY!9C%"9-W1?9#O)!9U0>HW\4-1M7AH;]'2__ZU: MWE6;U?Q*KY9_+.:SQ4_+-)OCU_W100%:H1D' 'KHXI)/=.'F1.M"S*(]$>$ MY4#H9-/5SQ>+:K5Y>+]:WLPWZ[KK?7.)D1:C@H!&$8R9M$P3+!!)/O+]W*D7 MK7HLCYMUVB]E>X4GF[3O_HB36'^>?WEW\UODK,6GPSP:)+D6HY(%5P'@)8FR M*F3626[@?NX<:)S?%?C\$(\+$>?Z1W4 CFB\G%N-"QYB@BB*MQE /O4P00+4 M\R> X#(EMEXITX[:G?"Z/+H7)9F52^Z>R/RV6J]_^3Q;0'#\]G[^7*".*2]Q MBC9C FB.L#[,SQ _JH!]_+[N&>]E?ZAD4TU!\&[UTW)UPG3V[+$@F19.H*@_ M,$XM@M8"5,].4%50\] !:=8-E-'B0IVZ]&,%9Z M@=H\PC10MQ,BET[GHL2J*NX&\?"] 1(02U5G(N/1)..5K/ MCE PJI>QG9DC%]YE;RATH1%DK6CT]+$ 4M$NPYFR1!J&-,&DOD6$1JK F@] MT:@#"MDTLO/UU:I*0,U6#^^^I!_^%J_[S?O5\M-JUAQTU7YP\(( PY51VR5I M2#2J%30!' .ETY:'M--K=>\^?C<<^9H()@E*I,@04(8<; M/D[A&H_;;ZKMGXQENN:#$6\*-!-Y9:M2!EZC.[RP[6-6JWJC5#8JQ M=+J=A2)^\H0UYYOG J!6T'B>0ZOB>:<+CB.Q1/Y MV#RN;G'=VEHPQ.<"(Y1K3[C&EC#)DZQ1I^8H! DIV[:4R27/$TG+ ?8'Z_:' M<)'FL@OFV&DXU=U]N5T^5-563-CIP"?[(#6."4@HP) 6% G'-)$.TCJ\7@,W M:EI]VU(EDY)Z.0RPV8+VAVJ=0N$0(K4GR\^ M72T7UUL:G0AIRWYA 1(A*C43" &L$=8U'M7"^,*-#$6P4JCHC[6(?6XGNW. M.'E O?A\4(8S$Y>&)8 ,.6\T9X<]Q/R8.1.7Q%%]@II],/T<670SV]Q'BNPM MM2<.GL8! 5),55JL) I#YPA'9#]CXQW.EVN&*Z=5 AOTBFHV'QRJ13VY(D]P MPI$AP2F*H+1<"6"X-R@JT8=9 \'R0ZJ'ZZ10#"_TA^M$U\BOD6KK#Q]_/?&@(^_C)'J7?<][:8B2 ME^/(.\2<3]V/W&-1%\-MNTIO(S=:*(&M1D=^&)[[4JUNEJN[Y,CLG?5:OCL( M##%3/DEVRL6MARBI'7 V:@GY&MAP?1DN@P.'(4"WR(/E[O[N%I-%:QJRR1@#K,9<';T+\ MC =M[V[?VQ']1'_?KJT\^_/T=N;6GZ+.R:53W]?K>;+:S^; MKU*Z?06/,.!0GPQ4*L>HI] S!H6EP!X2/"VW/C]L<;J3<<#"VF50(?LZ/G@I MJ]77^575L)R#MO/35HXPAX/]Z5.I!]7/R\U#M?E072T_+5*+F*9K>^#/!@$, M%@A99C5A3$7H;)WEZ# #^3'PTQW _?-P@90HE8]WVS,*.?M?;9Z$!([,VR]- M)40]D'K&!'$F).B0YRPG0^XX'. MS0LB4QG;8R?9SY]+]J-L@X9O!\ ,)CP%A'$,+4I.B!I'#R3+3\>>SKU]">S> M#SF*MV6\OU]=?8Z_?!_77[V[B:/OEHM=RE*UNMIV=>K?FG'RHP%2QK6GE#&- M'-?*F$/.KP>L0U>1Z9SO!=HS^J9#MT,\![R?[Q-5]FE+JU45']$/^_G' MF^GHV3W,)X,S\5 P3F/O**.(4*YLC9KG';+YIW/<#WED%T&%\060W1*6SY;0 MNZSQ\F>"EPZFFF* (&DI)E <;)7>11)>H.^_-+&B%^3'Y\M]KZ1O9W_H['NS M7-45'GIGU=9?#DBFW$DL3,QX=%"Q+V8F$(0U(RNEW"!VD>:AIAQ*AK\EQUCN0Q:0!MQ,O MU/WF\W+5X!L;[%O!&$ E$I:(5(B%(B!D'=WC"7 =HJE>DT>L%/POC:?K@]PO M5UOKW0BL_?R3P5!!"$:4.4N\ @*X6D170$O5H5_S:_*!%4:&XAE]'Z;A_HP7 MU7R=).^=$>^7Y69V^V:Q6+Q_[2WND:>,]RA M5=Q?QQ$W*4F*WPSN7_?SS<.;Q7JSNM_&!+[;?*Y6J2+\'I2=7^=-!Y=@<7,, MUBD=B0>UY!XSIN(?#S3$2'4HG?*:?(273K?+WWO?1A)N3Z-I-]JQ"07F'230 M4N6U\%(X2;6IJ>. Z+"K7I,K\J*(-'J5HR<17-]A\_-RVX>VVH6GK[<+>R%V MZ[].!*L._LV@I:8@=:"'F!%/A900U!@#J_*CI^!K=$^60H>+Y_5]*,(W<8K' ML@W&G4C@%G/.6+R]*34&.:?=OA2F@DJC#C;YU^3VO CBC+55GD05S= MSD3QH5I'6*JT"G^_N5]51UQ.V>\*WB%,)$0<<&0L(\;7'#N_F[]DVFPY,@AA"-80:>4M]G$',4;K-5 . M.E3!>W6.QM[1S.:(@S2\O'G6J[:)$YI'!(@1-*FQ2.K?IK"WD9WK.4>!.M\+ M@UZ=B[ W%+,I_TNUNEM_J:[FD1&_+F_CNF^C+M5$]9>?#M("3;!%#""!L&"( M^,.YI8S+OQ?0:_*[]8?@J':<;:SC*=O*]J%@.,4.@A1%IAQDFAI>NT60Q2B_ MF"YZM=ZI'. >R?^__N,99G%6_]S^Q0N_W[_C&_C^^../?Y]=S>(=% ^=*K[X M\[]?+>_^8XO@5G+9KOM0."^EOJ\/,O8^"GP?!&ZKS6Q^N_YVJM6?FVIQ75W_ M6\%&QP,EAS @/K))\@P*"QDFQ#G.">;8.!+WN8I*N4&M(K0'0JZOY@[' .RM M@43<*TQA*:A2F%C@/8[*V0Y'Q0'HH(2O,_KVZ7\8W_^6^;U=8RO__E,HHW?V[<[?;;__EOZ^K3W39EHMB&+1YYQ*/F MSZ"V4*OX+W0@ 70VO__N^=PV4<.6UBQPM&'+>3@6XZBZ@*X7*7 0.>"L%A)[ M)@Q0C\@">5$-6UISR1CM+_* _<&Z_2$\#U;#EHCAV&D[MJ1<"(-91P1BW M0*5$$,Y9O3:MV9@7\935QEJ3N%TOA+- +>9HRPX$.*BNNP#/22)&GLTARE< M6T(T(@X:8+T!1M8TL+I+D<:";2;9FDVA9+G\K?%MY%D!08L!46Z@@4I$R &" MVOD#CQ@/3'X+U)*-RN5MC$Y4N?Q]\6WL6 $QA@%C$?5NI GW7'#-.56U0FZ( MU*^S#%IY^Z(352Y_7_CEZJ::3[TUOIM%\-1)@Y,[A5BKJ-:II,&>#HB:?!]4 MR?DAY>V.KH2Y_ UR$"C+S!!I/[T M= :$^F-(@800#$ ->4@TOFJ=\E1[.5M MJ<$H=OE[[36F9%'D9%1!.>24*&]DZDNWIZ$5OH-=H.20^?)VW;!DN_RM]ZT8 M7.;6.W.. <:C$PL&O*; :IL*<>J:AD;H_,#\DN/RR]MZPY+M\K?>7L:^7U7K M,O?=.1,,3B "H-40&*61C7_"N*8>]C#?&5AR;D%YFVY FA46M_A-]=H?T8O' M&=5S#RWUGB/+A8BGJ94[3R&/IRUN5Z'S1_1B%:SV3!.! =5 .2FT![8KS!Z44ND/4 ."0XAALI%:M0 &$'^ M&+K5G@:/3B M>3@6(UE>0 @84'%M#F-@(%<:6FB-K0\)"0B[I.C%UEPR1BQ8'K _6+<_A"\@ M>O&B.+:(Z,6MLO#AXZ_G1C%^.RYXH01SEEL=)2./J8/6?":,;6 M)#\>S=@)W.S4V>UJ?T^KW16;:&Z*\NY^O9DMKN>+3R\P3/:[@D&0,XL=IR:B M9QD!7-?K1-)<(A/UKU6,!6\/;-2 R4N3/=@R3C-4SEN#\!%4 !W0.)4&@D*+ M>NV&8M,AH_OULM8(0 _'9.=T>NH4V3#E=(**-X.() 9 $F5QE[ &FTK<+Y/ MM>30N6'8N@@*E;$?=C>'O4\-W!MCX<;X;%#4(6.1DI!1JBT'$M?RO(F4SJ^. M7'+PV_3\W9D2Q:C=KRA]@%,&,;,Z,H2$(BH#?!^($2G@N/79>Z'DBL;9-OC"JUZG8U1\T6B(JER^=? :PQ0%LY13(T@ M DKF.08&',XKJSJD!90<)5G>-3(LV4K2L.<=ML_D-#5&@(^\1HG6VGL&B'&U:FFY;J\"VDPDI5Q%Y5Q^YS&5@KC-?: 8:&8$=YH5%O2K1,+I R$T?- M/X9B[@1-_9!".7Z$RY]@0P,4=USB*&=SY3V*]-V26,:#CNM6CI@?X?)1&HLB M5\3,0\B93SWN.!!['(56/K^;1('A\FU99K!P^?/ ?H7A\CRN7&NII%$8J623 MDK8& '?JKGPIX?*M6>!HN/QY.!:C0UU S#&R5B$G4@T'0422E;'<(YO*0YP> M&8 34A.BI;4(28JP-?Z C.C21^SU,TCO\&:SR/MJ=;-^HXB&J4M_71+!F@^9&/TT7VCL8LPV \48)69GEYP)R6PD=%6UG!#**/ M!Z8"C.0?-M-%SH[!/WV".IHPG6:X\U6<9);OG@T*2B"1TS25!H]K4D*Z>DU< MT$L,*QV34;H"FLDDZ]7F"8/$/SUGCOBK\"$!TF P^N;O0SSM"(!QJL(PR@2P M4A_F["@?LS3YA1B*NN W.,T;CX%G3P0*.34 &@L$!5X:2^!AWM@B7*;Y)1/[ MYY3KA,'ET+ H.\2XI!N/9#]%^.[N[XX2[9MG0FI1(Z(V:X6"5&)N%8'UW(E4 M!?7_R49]V<_:!Z7;[,_3='OZ3- :1T9U7%NBH#7:6UVKF1HRFA^&T+L6WPO= M.JQ]5&/RL6@'W1#ML/W77CG\D(( M#/7\GSYOENM-$Y\/]L' A%',2<68%-"0E.>&:L28!I=HIAV(G4NA03$N[E>4 MFFZ01DQ@Z:"P@,7_0&!J"N NA9N*+M/0178ICRIE!*/OEC!OYNVA/QD$@$@P MKSA'6#M %46[ D;20!H5GPNTAY(U;DJ[?+=?T:40^N;>D**8 MD0@;3CE+K1:8 C5*&O-\9BVZE,&H1VUOZ(_/H^IV/_'A$M&^_T10A!KL#(?2 M4*.-$+(V<<:=ZUF^0E=T$8!1>;(SZA,8'K;J9U1 7] _?UYN'JK-A^IJ^6DQ M_^_F"J:C?#QX)3CF4'.DI5*>>&!$C23D/#^]77>[RBW[ M'IM:$V^<]Y8@,!/.6:MZW$VYV3 [ MT,5X[F>#-%APC40\@:,P@2PG!V4,::L[>%9?G<^I+%*4RL@[!2I* _M?;9[$ M*([,W"]-)3AD* /"0XP!W\H90M4HK[L&YV_VI@ MCG&KK);$<2>AP:SV]1E$2(>T!OB:7$WE4:)XK^N++K2_K9;K00JK-'\M"&2@ M4Q@!!Q!AR4;':L\'-ECE&Z#@:W) E4.!T7U/3V<^H+NIX3.!6@@]=5(AA1!4 MJ>RYK=&Q N47VX8_7$R]0C]UG:W'Q*@?S:A/;JOPZ", ME12V2N$8"+F+JJX%$>24XM2T/>Y)Z;';6]>441#9,3M8#EU=JS7+#%9=ZSRP MQZRNU7-R)/& &9=L;MYIKG&\ %B]4(1!AQOO;*Z:*#FR-:E?3(X\#[]R$NNP M P8[I@6#3$K,-3K,6X.HJ%]"$P$QJ")!CIIX[\QTB@P9/CFR->F-RY'EK+RLY$HFH(GDGK->.>HRP M]J*>>Q1/\G.1!T^.S*);A[6/91#+*QRJN,&I#(:"-*X#8X\XJ-49*DHD=ROQGA!.T11369>'Y2H.87_SL-X MK+.MG\)_1G!!L'&2*, 9B7HCIO7:&._ /Y=59?1<_ND3U+$8YA"\[DB&[S;E+57T:U5OOSZ,EZ,Y^68"4Q,4;@03C&%J#'7>'FY#A M_"#.DO,?LIER:'POY2#];9M/'95Q]^>7*IEO?UFF7XUYOK:=0I 00*6)%1J2E-Q>E?X+X6EGVS=H13*?F80,'#>0.:9@)A'"8]: MZFO\-97YQ MK;?$V@Z=QXJN+C69P65(XA2S53I+A!-=*]TF%KA56@,2CS !@#!84F1J:E'N M.^2I_3#B3TRL2]E:3T30B?90RQF$U!B">(<5$5$F=M8='(F6:,H[A%G^)0W] MDU!EU%W14,?A:+>IDY+IARI1?A?LL5G-KC;WL]M?JM4=.K5#QIU-$-HI#RE MC"9649K:O:7:4N)QAY#U5^LI*)I"E[)SSKYDFP"" VZH_B89E"9 6.>ELS@> M?\PP0FLJ*@Y5_CY[EN*E<_ZH=.EW*5-8O 4]Q9&;,)5A#) M213(&:268NZ88S5=C+ =3'6OUF]9-(4NY19ZY6J8IS-:#IOB-?JKBR;.Q6^5*79%,$IB1@FVGNBH\$OLS;[DF.74R@YU MC5ZC"[H4.ER*C3'NZ)MJOKE?5>N=RV*^VK[A$"#M!AB9+ &6 #% MN>!>UIASZ?-MCNC5NH4+HL>KV0,3A?1UFE= R , H?-0:(&<8I+7=C.NO<@/ MJ4 _O+[3TFI\F[[[U_U\\_!FL=ZL[K?1]O]XH3'X=KF'J[4QZ6ZBF03+D8C7 M=)15@7,6:(9XK=9QI"W(WP^OR8M[&=09J\;7\ZG'R8_7[SGOX\$"3)0$F"/C MM8$86EP'1 IE0'[79_2:_+3%$J1XP^GV7_M2?1_2G;:.N*0&>/%6&\)J>NQ[ MP2-@L6(<*^.]0I)R6AL@!)8^O\T->DU.VY)H,$@%SR\-DGB[@8$+9)"$$%@" M<=1O8+Q_ZA4 1/./3/R:G)^#@)G-#K_NY8?M*I_467QY:DV\<=Y; B+ S$W6 ME.\^<6#-1K-'\Y @?%1]F9.:88RYE1Q&FNR9][4JOC8XP$Q MKCG7-A[=FA%H$7%T-V/I=+S^\R,FSSYT7NPZW!_DR][1F(W8%CBC$N)LL_VL MN9VMU^]NMDL^T4>O<4SPF#'CL6!*6R"5 \"C&AC)9+[A;: VPOU0^;MZA?W M,Y9YX.DT3W8+^_[A0")(VD$2SQUHC2 @WLW[57D-!2N[35T/U%H.!-%K88!I M"'^BV5L1=)_0'OBA^G(?Q:A9\DLM/ZUF=^T:!38,"TP+S+6"!A'%C030 U>O MU,:?QN2!=EI)%W*]9&SK!YFQ>*#NYW+BJG_Z6/#*&(HAQD:SU/Q%$8L.*X$R M7P@W[_Y8Q"5]GG]YC)%].[^;;YKV]NF1 6C$F0(>)3]$Y%$-N3T<4;1# M.ZG>TR"'V=B]0S3:KH[OJE;Q^-E"Q;?<+NZ,RRC.E%;I87N\OZ/4+SM*X)0AD M,8@ZBA&2 M."%!4E8\-,@2FU_>JO?4K<'X82"L)E+Z]U[_0^5:=;_YO%RE0.''9]3=\GZQ M.5IQ*ONE00"*23PLB4)>^JC]&AWWE,:&$*.\SK\^>L^/&LM(,!QZT_+88\ZY MG6V.WC\MA@=A*6&I"UK*Q1 &0]Y7#D1SE"G:0?O8N\I42,S3B>@QHSW_][? MEA/\WG\TX=LC4?)'GP_6."R IBAJ="G/PG G(M8@ROW44M#*HC70EKSZ7%W? MWU;[*>N'[0*:HNI;C H<<\T58H)A2XP%UF*T7RO&C//\#7CV_GLQN+XG2CW? M/LST/I4L*L>6H7 M)SA"B%L@3;S1,-^OBGC%+S;.OC6U3L=;YT'T6AB@[!" *>D^D?!^./2>J!N? M5M6NBW$K8>&E@<%02*C5FE%-",?""9'\G! [19WR^34,1HFU[U-RZ &>L<3T M^[N[V>HA8C#_M)C?S*]FBXVZNDJZ9W)C+V_G5_,QTG-;3<,LMZG#^[)F^=FT M?3G0G\SFPWS=3JMH'!24DIPJCQT$1B*&A%9\F[8=?X"1":=3+;Z;]"FMXN4! M 2NZ#;3UVD,3E58I]IWZA$:8C1HO?%RAZ(%(WX4!](!(T0K%=RO4#[_$69]0 M*8Z,"D)ZJ9U50CCM*#&.4%^#@ZSKT%1]6*6B*ZU/L4XV1)D"QGJU><(&\4_/ M62#^*J2H^G;Y5VU:I0ECSX?B ?<6*B(A83$[<;%OJ)W7)-5 MQ)2M3_1"K>5P.+T.'BA2I2B']#T%E+R=Q_6LJPH>SPUZ]EA0F G*F-$>$! G MJN"^_);04=9U!>D!/:&\[ V,SJ1"[4BU?RQ@9*PSSD/H#4V5M#V0^]D)8UF' MROX71*H\,#J3"K,+O9R>1X/EZ3N]AD .2*@^,SJ1:OUGXY:J:?UK\ MG_O5?'T]O]H:"]H1\.C@X"5R&AH-J3200\@0K.]P&4]SG$W6WD,@!R1KGQ"- ME^KPG6"FJ\75Y[O9ZI3+Z]30@*PTU&MJ#'4.6&<-.; W9K1#3?=+5U*[X#0= M9]23/NT(.3$T;C/B)+?6>P(YDG%C$5BOF'&'+DZ/S23H24[I!;>_ L=HK#\8'/6$TV97QF#AT+.3ZV+# (!'6*6 84Q)S)P4U]4IM7/,%G H# M.-7R$2K*W3ZU9_L0&_.VA4?[^X"=T=P[ZH2E'%!"+2>[%5G!9 S M1%$D &M/3<5[8:R9MET/ ,EX6 MW6RQOJE6J3OBKO5"/'+?W;RPB'5RVZU?_JN36EZ?GPG,2^FTXP0*:+GRP@I8 M(RGBK\NV(73FC^\2\R:']@>SYB-:I/GBHGET&M[\QRRUR-F<5&6_>2XHSSR4 M$GDK, >2$<+\?BU.()[O/1E,8YF&E,O^0!Q/P>U23 XR0'EJN^6,,119ZX#; MK\DS)_,98S##1A&,T17(L9C#S^:K;<$,_7#X\>_S:I44XX>WU=?J]I3PW>H% M(6X :2WVF'E// FC&#&691!8? J71>>2G;>6%7<+$]\LX*!!X8(;R &'#):KQ.14C8Q"V=,9N2-YI#IU(N()"@J?GC3S,ALR6^9#:##?H/M_\?295:,7$(VB]@)H3PI4T]=R% M!P6%SF6CONQG[8/2;?;G:;H]?28X29 &$F)F.3/66D%U';)@ "S((MP+W3JL M?41WY/5\\>EC=76_BJ"F$*7?7ZHF?O3Y0(#1A"*:+-T$,T6UK^5RB/6XA8+: MR:L]QM/T 4EV=M3[V?SZUR_[^-F7!,X7G@K."F$,!,X3) "AA-/#2N.A,F9? MU?'(U1V(T;QN]W?WM[/-_&OE;FZJJ\V[FY^K/YX$$Z[FBZOYE]NH!.VZT;R[ M4=?++YLG$OM+[KGLEP;*+ %$8P2DD]S=H^$VIK>=KM5Y7FU,]!_K^ M5 !INRI$%4>IHXY$ZO%0U0SDVT5ZS[\=@!,G1G,L_OSX>;G:_%*M[MXLOE;K MSV]E,H8$F@5*M@SZR&=_[&*:&N70[Y\, MQBEC/38<$"XM\TC543(NJDLLGW"]MRGI6Q;M#$8/!%O/-C?Q6OF:[H.KQPYG MI^G7,#!P )T!CGB%G>$ISYS@>@44B/P;NO'^21*%+7J/95UTFB.MI(9["/!FVU<0@KR[6G3,=_>(TR1JQ#,:_^&Z8,Q<4E )MO MI-M:!M1-W#C_=]_(QAM&7".*N^IX51I M36JHL5&T0X1:R0;9H7'*IO_;V:=?YG?QY$R*^:?%_+^CL%[;('U$XC"]_8R; M>.#<]X2XLBAP.(^59I8[":T^K"_*F1W:>!=OZ1T8J]&L=0G[ZNW\:W4=+]YX MXLU_OZVV-IQ?U]7-_>W;^70#_&W9;)ZW\937<2H BTW .:DHHPSIT5K@, M4W:Q4&<+@W^+&"X79KF(TTCA7LN;M\O98K:X5E=7J_OM);35KYN$P+;C@S; M$*.Y-L8998T"8!^5Z0BSK$->;LDV\2$QZDCSZL]J=35?5\N;]ZMYJA:T3P$^ M3NFF48$K)0!6B$;A1!!G$<%U(%BJF-:AE'[QIO->D+MYWT",Y9$\J&:W:;NSH^V M_\29Z[?+J#X<+]: M7E75]=:P\'&6&L6]VWRN5NTB&$X/#L@R#R&*6T!!2.)E)0YQ:A+'G9 ?L'<) M!N#> >KSQ#_E\CXR)#@@J<7" F.0@I2Q./O#K!43^60MWDS;'RP]>,%GFX.^ M\'[?WG$=A<4W47=HCJEM.3P "0WCQ'.+J?&&*DIJM4)QWZ'V,RK>!CL,1-D$ M/P3"G0J7_N[!H'PJ#B4(P=Y)S@WTL-83%-,DWXV,2C:1]@+&:'?P3OU?^^7J M;?5I=ONQVFQN3W:^/3(J1%&#P:@X& XPD103+.OX786AR_>BH4LP-_:'3(?D MADW\7+KRCV0V'!X)T@FHD;?8N*CZ2> $H?6L%/ =Z%6RK:PC#..I2HUG[O-' M C2&,T$ILLA)Q@#V!PB4,*!#FEC)EJN.,/0<#7A>"&! 0$HF%<<8Q/^'%!%: MZV61Y[J(LL4;HWI!))MZ![DJ6<&6-_/-^I0!N7E$D- KCX$40.H( 586U&Y. M'27R#F).\>:GWE#)IN3/R\75;/UY&RMZ]<3=\64WG?D)LK8<'H 6'$)I54H> MM@!8 FKCJ#;>=^AK5;)U:4"('@E>0([- MW9=92J&+5]P\^67*FEW]WU*FLUI^J5:;![6X3OD<7](&F+J!1#VG][=IRD\F M]K9%0XG3@X-77%OCI +QS$4J23V[QC%)X(G_;7,X#11\%*C(+FQ8];;/MJ4HD^"/O?\#X/5K.3V%8TK?6PW MGK.[GC0KIU&$8903SZ@6'@+%N-B#I:AF8]9I.*_>5._<\+V+H6?P1G0]-0 2 MIW&R\&F+T8$AJKSV21&E+@I9G$!5KUL[Y=_II^:VV^?'A2H-DA'C4IP)3##6!'#ZE5:@_-3 M?P?S?O9*N^=QZ'T!E>_=CBKQ?52!_SY;7?\QVT[DX_(F92),?QCJ8#W0(4@\"UEB[_VTU6U>?E[?748E?+;_N/$$G MM_^14<$AXYA"WBI!B3..4^;VZ]0.= A@',RG.N3^[P^I3([HN;9M7*QGGF K M), &4Z-LS<4:C5OKKPQ=HPL\@Y.T=<54XC1!<:E*VKCDN&PM:3UOK9TM4QO( MQ+ZA=&H>!I=#PZ)D\G%)-Q[)SJ]Z2X""DE/@!=9:08^-K6\6K;@JJ,IF-NJ- M56_/6_N@=#N[ZBUWT#$$M2$*(8 HT-C6-E#$04'E-GNA6X>U3V[V<.O-_&ZV MJ:[KW-^O1R-6SGI/,-2F?I-,<0L\BORL@:FQD$85V-I]0 /_D- 5Y9'="HMC M^!2_?-DY+6:W9K;^[&^7?[Q9W"Q7=[.GE6&G^OYI3^^>5.E?J9++__X?_Q]0 M2P,$% @ 8(%O3EH7XO1\%0$ _4T/ !4 !A8W1G+3(P,3@Q,C,Q7VQA M8BYX;6SL??MSW+:6YN_[5V#OUM8D5?(-WX^IF=D"0#"K*L?RV$XR4ZFI+JJ; MDCAI-75)MFS=OW[!5W?KT2T\2__)]OMVMPGU=U M46[^]2_V7ZV_@'RS+%?%YOI?__+KYW?P,SX__\O_^;?_\2__\]V[_T"?WH.D M7&YO\TT#<)5G3;X"7XOF!OR^RNL_P555WH+?R^K/XCY[]Z[_2Z#[Q;K8_/G/ M[3\NLSH'W^KBG^OE37Z;O2^76=.U?=,T=__\TT]?OW[]Z[?+:OW7LKK^R;$L M]Z?=WSKZ$^U_O1M_[%W[6^]LYYUK__5;O?H+H!9NZJYMAD;&'__V[.>_NMU/ MVW$<_]3]Z>Y'Z^*E'Z2?M7_ZCU_>?^[L?%=LZB;;+/.__-O_ *"GHRK7^:?\ M"K3__O73^5%T\4_M3_RTR:];OC_F55&N/C=9U;S/+O,UA=%][:;*KU[^Q+JJ M'GVA92AN&;*#EJ'_][_%__4A>W=VM*ST\2^ 4 -\_!ZD+7D?!!!.0I M5I]^4#'>+W3HYFH1/_^D8LQ]1R.;E8[^^_2SBK&KA:RU9Y1-ME;<,YY]\BCF M=?M3[^FOAA]LOWY"?KO&!U$]^'#^K:C3X-B]:]_H;]:;.MWUUEV MM_A\DU4YH@J^PN7M7;ZIN[ "+^NFRI;-PG%)_ZX"]:R/8 M"AQ" W^,X/[K7W[:6_6(SW+Y4@?I(%UE]66':R" XK.CG_)U4X^_\Z[]G7>6 M/83;_\7&U%.*RZ5JBGO&UFUZ459#UWS4@V"U!&6URBN:]HQ_*:N6K[AF^(F? MEB6-Y7?-NT=>:M,?/<:46KIASQ$UZ25^GH\PFLBLMNO\XNI(\U5%>V3>YH8U M>MC_S,?LH?T]^#6K5E^RRW6^P*$?0#>.? A=+['2U'7(B"^T++)H=B'H]1$Y M&2J>P=L-KWIIR M_B_%*'_58!H'FJ'?\U+ 5J&8TA^LT>137C=5L6SRU>>F7/[Y2WY[F5<+:'D) M\:,@"!,+>DZ4 \0_ 0N_QZQX$9)^MHBG-7!3Y4E*E.ZSQ%JU2L M7@-_M&: S@[3$MI7B9=)7]5YU0PYG])@WM14-=?: T4_W3O?T)C6;/GJP[8+=#BTW,3SD.,1&UM)BBT+NR=[ M@?3)DG+L/.KUU$QF(=N! ED#DGS9Y0_ M<\ 50]_HMBBWNV:0]"LOIXX4IV! MH0AS8"[H[ 4--1@,%I^!G>)#4QXNJ6*K9<_.' MW)_I)YKZ?-/O2EPX?HAM;,.(XK4<&Y%TES'@U,)HHAF<:MC:YWD=GGRJV9IR MK\X=4#6ZT]1XVIL,B@WHC?Y>PNEC5\X2305[T_<>3$5IF2R62OEM_E#Z6Y<' M[."[;A1:EH.\, VC$(6A#\<]1MB+$5D\.\'%J0 M^B3&KN\2VTL2Z"/DD5U6X/C8-RJL\L.?)K+B]HCOVIS8*N#FN<.K)M<:'F%W M5G]_0?:90V>)L^+=ZGL/M1+,3!9M9;TW?\!]6L_V(H(M'#AV&J' 3@A)T7A& M$]LV#H)"VBLSO_>15.8E]D6T/@\ M9Y!@_IX7US?TW_ ^K[+KO"MF)C0_3[.B^BU;;_.%C2*$7"].,?2PY5F^:UD[ MTQR$C=S.(F_6M#M=SL#7 3'(>LC@NL4,5A0TN**HP7T+^VWLB%'0J>:>*,W4 MDTR=01UTU)$0,##2KPF"EA/0D@(Z5KZ[-.'5?C!O!J&NF_[#)!<**9L^[U#M M[_E3DL?KJ*_;YSLDMMPDM$/?@RF.+1RF@WU)E,:QTB/%QEBE^=S:L".(-1TQ M)?-0WG?F3C_F[#:FYB!/]Q[]HZ4BG'W"@$U,ZOKM]YZ4:.-MIFU0JCT_?WKR M>$F:(?VBJ9<;!5:*?"M!21HC@D;[<(0",](3U59I3D]^XRJ6F)*=*.\ZGS\[&9;PMU0*7S>. M1(YGV0FR+0R1D]#_UU5[&9H9)FO.2<6?:6\M,U':;N=.2V7J,J3G) M 2'_:.D(3U^8<\NDB;>J.=#I_/GX+P+$TY)$Y)1*R$Q)YCNW$: M.:-I801M [?GR1LUYTDW]\./S,#@(:N];W+OP[*C%RZY_(WJ_2?;Y;E M;?XE^Y84]7)=UC0,[1ZUB8(@)0%T+(P=:!'7#VT8DB".Z*!%A/E%$9DF]"7< M/2I 88$]KMG>;CK!T0D=4L&L&?*@Q))2?;]C&TSTB]<+3^;>#N>KX97;[J\9ROTCC#/X MX$GL:--1KM*G5W3KZD;@=A%P(_40BXW#3%9EML MKB_H5++#40]_].D1NEV4=-NG"WT_2",;!K83(N+[(SKH(LBS)C 5ILEBV$$" MV<(] WM;P-Z8L]T/@,<&L:2:\SJ7+;LWT:^B(?*)2Y]X[*Q=Q%^V!?>Y9@F* MN#XQHYC:FV;,/B:WNIQW#*F()D\@-&E.G92M/]/<:$M]^?#HAQ>$P,@-D.\B MQW M>*EM(3M*D4N2@$Y:O;;TUD.*:>1"JN. ,) ) L"N')!M5N"JK/+B>M/&@79? MQB9OVL>K#Z-#WIFK/CZ(^TI=8)C$3;HB0N_+UHD=_(.?;SUI;"0XQKED")!V MY=O1?GE3!41?$;\JU9[^)J[R5=&T>UE:%5M@1'!L)W$"(Q0[843BT!NQ1+;G MJI9Y?@2:]3W=RSE8=LC4"[< [>H46R_CNJ2Z_8,>=K/?MZ+\B>P5B M@4JF5<8%.CI6^6I+?^QRO8,30-^E4X3 CUTWP+X7^1$>X3B8[R"Z-A#ZHP#8 M@P)4]V^S3;N\5[0OCJI7?#%'J!-Z[3[0J.\'?AJ0&ZSG+Q$M*>-2OGL[ZBUG MIH!H*^"5;W/HBU@Z*+3U@LXE/N3-Q9B"MHE+7B]""P5^@H+ \6*"O2!V=LNZ ML15$"?]F41TH=&^\Z8'UE?%=CKZFV, RJZJ'J[)J=]PSZO8$3CDMW&;Y0U2Y MC^UG'(0[/^HSUAG5!'X2V7&$2 M$-M-R;A< QT'V:KK8"JQ:9YP[1"!;(2D3]^5^$J]Z$_M)OV18+2H^]G>)K#W M],ZJ-Q @&'RC*&JH[ 5O+Y0HM5XBOJCW@OKC=(O$=Y /HX3.=&+J%Q@X&(T M8!#0>%(VV5HFG@@URQ4J=@B9A>A+^U=TG6)[G5,9W==.IRY)-TB?7^*06WJE M'&&RJLH9)GQ2C),[5BWSOU2CWIT_\YTT2(AM03]"MA5A/[9ID\3V$/83 MVV7=?RC5AKZQN;\/\>#&F'JVPZ"G6#HQ^I20:\9X4V-*J:'S\8TIN%R6VW8$ M7W\LU\6R.&@PA="R;=^U7=^W_- .DH@VB!W?1WX2Q"'CB))H0=]XVH,"(ZK9 M!M-Q@DX,)06LFC&05!A2*N]Q?(/H0_[UH,VJW-!?+KO+V6JX6?63B/I\<_@S M!1[096:B>(! $,(TA::(A@+XXCKN-IDP#2O44J M_PH.A^DC*[HC3X,=;6GAT0^.IH _6F- 9PWG11?3>)1-0(US)I_43N5'+=JL M@OL3*CZI:\W0^VE-+F<<2ISW(+=GZUHD7[++=;Y("9TQI<0G=!(56K[G)Z$7 M.6[JP20*8M_B>A*![].:=7V'A@[K%@^G,O/RQ*:Q&BGB4TMV=O1=+E6WJ*SI@:5+T.:_NZ1QZ5*WQ?UJS1 QCP1P^'4Y4Y26*357W\\.DB,S5: ME/ 1"R>D3(PM,[1($'NIHK_PJ0$N;V_;VZ'*Y9]#.W9@^6'B!9!@C'TG28A% MAG;2@,1])+%)Q%\/&G1B6=TG- *<>K,T L) M_*6J3B2XH0<]['[Y?XN\HG__YN%]?D^):R>Y5)KB)'%3-TA3+PTM.PSWC=M\ M%S@K:E+WW'"_W6<'KELJ^P!_$ZN *6*:L2 V/E2.440,U\BLJ= )5ZU>XY3RS:)L&N84HF8\DQW9)F1T:EG*%%FD!Z%K22 MP,*N9<5IB,*H;Y%8MA^&LBK%VLYL*N4H5"EF4L552@>?JE2*@ M=LU5*6Y+&%1*C!T9E7*'%D.,W0A"*_"2,(4VL:"7C"TZ$>&ZG4*FG=E4RE6H M4LRDBJN4#CY5J10#E9.IE"ND4KSLFJM2W)8PJ)08.Z^I5%TUBT_MCORN"N=Z M492FKFW[D/XC":T QN.W$RO +'K$]T7-RM,!X2KFA &>A_/56%1Q:_,/[%&)EWI MB+F7Z .?H'>=9Q$5.X,3T__V(9C-^ZCKC MUU,K9'K/F_>;TXQ@KB(T-RV,HU@#(T+C6$6%F'TD'XWEHKP8,IIY43\=ST)6 MLXSH7XI-<;N]'67UDZ^.%;VPS4Z)L=#^R_,CX%F-G_A$NB+N4[1<7C_ZKN4=Z#$1GE?.0PC')MO'".]P?GJUM,H ,E>@2=@S2VPIYFOOCT@),JO>?1=X2<*-Q)L&=&O4[&@&-G MTT6YX#@KNBHVUY_SY;8JFB*OD_RR67@61I[O^.VA(\\-H(_2<;W"=E'(]<:; M6 N:=:3% /:0SL" DOO&F3-<9RN>LG! 5.1;-T!5)&YX? M3Y1FA.GALH]9L?KU[E-^GV^V>;T@211A;%LD]9S(\GPO]'?Z16<^3 ?)1;ZK M64E:-.#7.S#BX7B@T[JAFQL^M9B0%HY7N#32(_:N%C--;$]D/;;O!5F4 M8<& 9ZQ$D9?R?8#S2.7V=ML^/8(0FR_' $% >0:Q>L1AB:976/'/3007D%GMU%.,!OKQ[L M#6A_:C2!\TBG1H^Q)7R&.(M/YW7Z2<^14F&63V29$[C.C%1T"D.?GF:=BEN9 MHU^_%\W-KYORLLZK^_8VN7YWS>.'%SZU&3=%>XVRNJB[ATBZSRRL-@)!QX>A M8_M!'#MPGWNCP!+;JS<5.,UQX'!7VH%)X"NU"1P:->Q9>_;8Q;Q]F3'WF2\=UTIP 7V(K<%*:)"[W0B5/L$C(VY:2<]Y$*-:![X:C%]([^ MQ5N:A.Y0<2X<"1''N'2DFS/.Q:,]7><,=.E9/'J!DE/+1S(,FJ%DG, +$3;.@U(/@65+BY-(,K9&VXK5E)2%6F!:6]H+VM;\= MC^H:@3A)71Q:7A@G0>K \9I,XB K8%(:T6]K5I@](C!"XEA,$>&*89U),TU\ M4C(]0QQ+3IJ9$EMV>H&Q[I:8^B:KI!>AGEM\;"%*@AL#%J-DT)=J>HB0:-99 MXHJ_,5+F_O\DW==3W8AISKKE:)'O8_\C%[Z%XI MH2%IM:MKPKK>WG9+:_6GHOXSK?+\?$/UEYK3OB6]\.TDA4'@1+%G>8'GX02E M(V[B6TR'1,U!J[TB2=&_NVSA@T,3P8&-X/(!'/[<8"?H##T#![?]'1A[!EIS M06LO& WN'H+GK7;.[0#FTNG<0'7688WI))IJO)I]=[)@;$J_,:,B9! ?STK9 MQB#CC[B7K^.^9,%-OMWERR9?M25]>X$2A(GCPB1$J1\@^O_A"-AUJ"' MF)/M'GFL?2-(T*(4"(LS^90C'IKO3F,"(5MGT!?^M+CJM;@W;_\P*.#-3,1+ MD?\KNR:N"R*>[;A2",DL B MQ(=IZN/0APAYXT9[%T.?Z0Y\]:UJ#D##;N>L!0O^UJ,%^68%UB->4'6 038@ MYCDHHY1^AO+C;,SSQ8HW1#K/V:6YR!<\V:3."8QGGSCX.5:^U,*Q 95,/7:5 MNGLG1RAZGUU_*6[II*[=6GF]*?Y>;*[',UXI)6,'94"WH*UCBB%U(0J2D,1V M@G88DM1E7^U2WK+FD$3Q@H8";@_C5'O(]-<]9M#VG=TH_:=Z'+P<&JG>&0S! M:58_\ 4H/A?4_V2$"SA"U:RN$ M7REW"%K1XF3H6N+0Q;D#PTF=;.46?Y3Q< M5FR*)G]?W.>K<]J'-]?%Y3KOC@3\6N=7V_7[XBI?A"2Q0LLA*9W3.;'GA-AS M=E,Y"/D.C*EH4/GI823U?LVQ$^#TOKF^:? 7O M\RJ[SG\KV[/":SK+Z-9U$H@=:H!#["1V Q_%8; 3Z2"(T6P[$N1@S[1L,H(& M VJPASWW!@/);C##3H/I>H Q*RW"_%Q\2HK[8I5O5@L28]>S S\,D]AR(ML*0VLT >(@-B44 MT+87) '3 Q%J6]0<45N<@$K?'FE['5V+M3L$.:#=;8OF6'51QSG#@MZUBR,BZUGJ6*>;1F+E9ACRU?*B35@V4J]3:7.KL@=6?)O>;4LZKR\ M^E@5MUGU\'M_>GD10AA9+G3\D"211Q+'<\<'C;R0V$Q/?:IH9Z(H,N)KQ]> M$ P0N?5,G%/F>#$)G6)1P@PFN>/!)(S*10$19GF4_Q@%I_5>FCAC5%[>DN?: MKH@=)D7'-^VDIMCL3B.75_M;\A:6%_@ICE%(O!C&KFT1:WR[*O:)PSY!D&M& MLY[WX-K]/P>GZNEXV2/D$"%)0AG4?#HN^<3<)!HYI'PZ.L647()6-B$_2< Q M'5?#F@$RKLB04GF/XEO0^91GZ^+O;?8_-M3&DOI]6==YO? ]Z$>.E=I^[&,4 M^T$"R=@F"6VN.U[E6M(LY2.X@[M+00[%WIBE\HFCVPI:$[W7MN,G1 UA72;H6PJ#2JU=4VYJ?7NFD=BQ7[B1HF%L0-M/PAH ML[OF8!#)3*R9&YEI6BUP4ZL4E6)3:BTLJIE03TV@W&1:"Y%JI]*O$BH\D7[M M'EP5?)DYB>8WXY4IM" OG%?D9LUN$\='VHMN,IH 9YO5>5VW3T9:L8V#T$O# MQ/5QBGWH>^-F#1BFA.GN):4-:I;P@XE?UAQN ]M![=:4>[!"U[M*\LV@[7-0 MS:?SQK,L=)7N=&Q+WX0NP3KOK;HG63D6)523:D#$4&[2R_?LJN2+*9+L7O3: M/3,,TR2FG_4\-R5Q&&([M<=M&#! 'M/5N(*?UEYL'9_<$WCK6X H!K'7RQ%O M^71:>CA46B]-8GK,01>;Z#XS\IB\BK-A@)!*@"^5] C.JF^_7;I.R^I]?IVM M/^=-L\[[&HP'_<#&D8-#R_5BW_7<>'RT%[HV8;HG3D4[NNN\ S1P55:@ P<. MT'&6=V7H9*SK3L0D9T%7C$0]==SC#)TJX"K@U9#*K0I+GI9LE;'#=I]E=\]( M6QNN%S&);.2DB8N)XX>Q12+/'S\/K93CNDJ.CVK6G X$N!OJX#R7'O(0PY"@ MZ>*$5SU:%-TZD#8R>"YXU$2*X/V-+.0PWLRX-^Q8\B5BNP%IEQ#L4M+GO%N" MADS.QC@,(M]W$H?$06"YJ3.N;<$(6TR[.+D_JGWNR3.EXJ>$+3?2P@;O+)-O MLJ1J*\[1*94P-V8D,_RPG^VE$;);XBF_A6/%<1##T'4M^G^V[WC^N$&'R@?' M:K+@]R=;A7CR])GT@W*O,\>UP*"---'UA.GYDGYU3REOBI_:T_*VWNM%?R%Z M#,B19"UX_>D\3C:8-':W8- >ORFOBJ;>G:B,[12FKA5'5HR2V'9A8HV7XJ'$ MC=A+^1)M:-;:@W6P[L18!T[DF+8,C0RB.Q&#?,)K!'D<"CP1B6(J+$@FFQ0? MM_R8'"O@R@!)5F%%J;8'<4CS!VIA5M]T3Z4N#ZYFN>N;+L:F+12%MATG$(6> MEUA6XEGC.4F$T]1BUFE5#6H6;0KS78NS?P$8'"(%[\ %A3\.J2,< 9%GX-K M/GDWGV8.[9^#;K% H(AVML# 2,NQ**&:50-"AG*32HV]D*]"^NAZK\WJ4]X4 M5;?&E!3U7M_'B4$ MEW53VXO0=L*4_L_Q72\(L.,GQ&U;H?^*89AX7'?*6Z MN.ZX/P.X#80?LV(%FG+8\+ZNBNXSSX@IM:4Z1U_5.K:((I[X;NZZ-J5"Y[:T, M]/^]%$:)0^R :>8BUX*^D9"0S_C3^<:TXE6!%F&%=3JY"P++OVV+NNCFM=^*>N&& M*<(!])W(L7'DT2FLG8RMA2G?C3.B;6A6Y]T0.,!%*C%%;I#EDFU%.01^? M,HLPIV66>82:$[--63+-F'5*6U&J[6+RFM/^LLKSI+S-BLTBM%R4T@34(V&* M YR&OC]JG>O'D.N:/OG69M"A,S!B!'_T*!5H$B?'XNJDCUYYG>)A=C+->D08 MIWJ)D6VNC@G:PZ!H,DPQS7;A*J.IV[?SS?*7_/8RKQ8PBNS(23!&R()V0O43 MP[$-)\5,KU2+?5EW:3Z!'[^<_\<9H(C^"O[H0?%,R?BI8IC&:F6)3WIF((AC MIJJ5*+'Y*2=A;-/2IW8>FXP*\V' %%0<>ZFB1\@6 ]_3?YXW^6V]L,/(A@YI M;QX),2'(1W@4Y,AW/*8IIXIVYBH*M@A!!U&ZML5!JFAU4 ^?BBJ$\U I6RK4 M0ZF8'!]2V%TM,$/]<,<'5PV1GT4#1%R5):_6$D798=N6O&U#1WEUUQWIO2NK MYJI<%V6=]9GW:D%09(=^B%!B>22RPA!9_MBF1:* ?3^R;$N:1;['UPZ4'B'8 M0P0C1IY]L=+$,LC\I)SR";UQ=/+L+YZ25L&-Q3+T,FXG?H6%8Q*OC#T#1%Z= M+:6._L6Y#['=J7Q3KBEA-:$M-0\?RF:_^3$*DS0)(?+H_U(OL+T(D:[1D+B. MY?NLN^GD6M&XN>X V#^!'AIHLWJI1MCY/.^BA2T$$U0N9>H)!;\63<8++X2=G%I(/RS#%+XO(F7VUW M#Y=\OLFJ'&5UOGIT,&/9%/<46E>9.$!D$QS%,/+\,'4=.XX#X@QY$(ZB).42 M28TX=,OF 'W_[D^'_MUE"Q\S_;2A+$E.M%\.1/J)L(7W>)J?20KPGZ*(8;=--B- MH1.[/AJ!N6G*=,!M0CA35.O '$W51&=1>IS"N]DT@A_J$D#SL C)QDYH12E MFVE>J=V7IDTO]1M\=)8Y$=?\>O^A[&Y8S5<=PF,S7@_&7D)B)[9(Z"'?][T= MB(A$7,?C%#>M>V?+B!%\HO^JBF7[RUXW9$5=#?.\ CXYZ>(%P#WW'583]9F% M328M5NH6TW17K7%'-58#AZKRY[UX=-KQZZ9HZB[-/X(RB'!LQS:":8J"V''< M*')'E$D48I7)M&ILFA7YF0YW@#6EV,K]IB;?GM-EXGI^/!$_YM/6)!-E7XE7 M)')T7?XW+7!,;#UG]J[7"\RA9WMWU[^0EZW;6P+3=?GU?'-55K=]J6E_W5&: M>A9T LM+O1@3VXO[#? Q#)#[ZM$8U(%(46RAT@MB* SJYMQP.;#8]G(5G/D'4^,$,5 MU9OU]'IG/;RQ;_C.FJ[5BZNTV&2;99&M/Y;#[16C)'N>A8(0A8%#'!O%0>"2 MX9;&"$5^R'ZR0D%;.G=(.(!@1SGC*XG7:3NX\5LBZ&8-2K4G/]ALK MYXM[,.)U5M=TRM-.:;I;L>B$)<")C9(TMB)(( D]/+87X)CI76SY5C2G(1V> MKDC1U1]$[L638)!3P[22QYE;TL(B3,)4&J9&XG84XR7+!JR$?J[;RJACIL5ZRMX;:Y*:OB[_EJ@6P< MT&]['DV:4HCM$'K#B?"H_0.NW0N236G6EAVZ_LVT,U!W $&V0\@G,[+$LDG. MA)SRR<^>SL\]G3TV %^G4XL2G2;JA"HI8M@,A5)E3*FE%\HHU\>LNJBZ!&S5 M/:[Z<3B8M @L%Z8X1I$=$=_S'"<)G+%Q"UJQN(()-SFUDMUEPV/LX"ZO>EV3 MT3)QJD4T;1*6);6-8J1C%_0HAP>8/XX',.?4N6/D,>N=-/LFZIZ\42?U3Q%G M,AG<>5UOJ?!:5A@E=+)I0<=+$BN)DG2<=F)BA5RS08EF9LK[JK[QU$99-*)0PS%N8G)I>S4M_S:MYWL6D3$Y2J>R;0SJ;))%OZE^.36,ZU4 MRNC8S/7^$Q2Q:98PL<9IE;@EQS5*DAUA;1KFK335BY+8ALEE+6$6YX!(B334/%A]>*UX1'B!5A MT3F<;6)D8S=Q0CK-##WLQ(&31&.3$729WNE3TM <\B-OYB6W97-NU1+ZO691&2(]EB4^*A&AC4R#=C/$)SXZL1](SK=J\P,@)D9'A MSPQMD;*@5->;1&]@^5B5=WG5/'RD/:F!FU5[?P%HX1*:#"#G8P7WW84#/I;.(T"]^\2WL] ML#/00>-D6?.]):=9.Z%JRHDW0^K4FW7T"A&EO+%O8CC2*'KX0C_4'>OQ(RL. M_-!+ Q]%J6W!((R&EB'5:,[]5?+M:=_,\)+\G8$6G]"Q/R4AHA&5)L=-$L :QF^6X(@-O(G(GP+KA.4XY&M:;D5>S5+EF.V MQZ]>9>(%O5=,H0'/4RDTIM32S?CRT?=Y5N?M2\GGMW=5>=_=(#1&&^)@$D G M36#D>P23T _(T"(BELUUF;U,.YI5?P<-'&(3S$BE^&1+2:>BDD_G15G4DI.> MH.A$4JJ"6#.R4B66E.J[G:+2X/MBDY\W^6V]2&%(19'$T+)3Z, X"*QQ^05; M]-]**H/LS+["?N'%@!S!,K-2!=HPL/&*( M,>3: J.V9X8,>_[O. +"W '0F M@,L'T!D!^ON<);<::_$>6_YECN/X8H!^GVG>N"Q ]XF<;1HWFI'#363KT7W/ M^AEFWC)S%$%]"*';HTASR\!!EA\A.TTQ"=TT# <$D>787&^>J&Q7]Z::4Y)0 M/],$@=W22IW )MIS\<\GT4JIU[-!AYW'4SMV-'C##*758MG3/3W:V%.@HOOV M/V2WX_;'T I=+PX"$KBN';M.8OMH1$%BQ+6RHKKM6=7T[-& ;E$+[LE6[A%I M6=7N#)72*N*'J?7U)4+%-%;*-<;KK)QU[%JK@$7FE9V^-C(LD,=>"A,4NC0] M3CS?H=EPBLPB"Z\NZEZ3'TIO0;AE.DA@76[3Q(UC G64+S",63JV# M"+%EAJ((8G^ZCB'! *L:O#Z;KO=+S7&((S]%3FJ%*4W_O,!VT@$"3 -D\8B% MTH:GTI+WHOM9U-+,)C>S,L%HN(+HS8_0SZF,@P)&0N+T F0PWP$1>3CFE4/9W=%DZW; MBTS!70+Y3(\\&R*^;DJZWH1A:&7(L^+L$W"(/%@>T/R\'TW M\9CNB.'_JF;![$" 9595#\7F&F2WY9;V[W>#>/(+ BM7S(*I@2:AF><9Z(!H M(X1_SY!Z8J0V#+U&$-=FH>Y3K^P4XK/?&/7CQ?W"'B$1R[DV 2YI/]BNVUV' M\+:LFN+O?:^T$C=M+RI,L)W:MNM;&.T25">Q$UX%%&U'LR8>P&H%<8=+1A:% M*647RBG8%)3.0T8/L4W(H\">S GXE%1<;E[Y=FR^3,!K&S@E:3-'J*4M>6E[ MIQ)V>,3\0]ZT&Y!>;M8/0D+2!)+(#WT_B..(C,OCT+,M;]&4=#K-KNA2C7') M^@X7_ZC9Y V_\,C1R*[BDS$H*.64O'8#978D1DY-++^L3T:PX/43XU2L?Y+O MJJS&I.-5[O^J1O9/$?2*]BOAUIP H,:<%Z* 0IX4+IK]GA?7-RV:^[S*KO/Q MP-%5OL#030,8VBC "8$.LL+8&2 AC!VN_4M:@4RSJ'8&O@X(0=9#W!^EO.)\ M/%.O7Y2MNDWC$KE5N/6QO4TC>#"@WY^X/.&MN9;ECC(MMTPG[\ WLVRGP%3^ M93Q5_+)OB7KH+@WY4@[@G@):!!Y".'%\%SEA$CJ^%T?)V*[G^UP['^1;TZ[, M/4#0E#0_ZB""8J\$60>2=S^5-,-L\CLMN;QY_Y[7 =USA9UZ,]8K=)WZ*J'(L?W2>C%(4EBVP\B:ZQ_HS!TV-?CE+:J MO3;]*.^*-F.$7*1AY,(DQ)YKA9@@ M&*6^.S8=0\)4'5':H/[UT1;FN,$NVP,%58^4_E$/E4L%%;'-%':F)YHWXO0< M#QO.#C"" 23X."/'7$%F>JY%XXL\YZQQA8F3XR%%+:5&1!/%)I4:NR!?#,G7 M>?6TR$^^W>6;.E^@,/5\VXU#.VQ?/4]@%(_+OJB]U8LG=,BTHS]BC.@>[ZC) M>WQ\$B9%*%MTF(I+[J!@"HU\ 6 J.H5U7XQ69K$_8?\)C5?!FAG2KL224GV? M$A/RPSXR=!&JB;?%ION=.EOGBS!U M<-<1S[R'92'XIKL5XO MW &V'&QY3J>@S'RK-V62XQ)PK551FW+DXKD\PLL?M@A!B-DQOQ1DR/D!5.O M#Y3*)A_]DZOG,R8%-53<(^8KJ81M''HJRR!K!>2E_>K[ _AQ"%/D^C2=32T, MPS1-;+QOTW5YBAYR+>FO<[Q\0/0G4.Q']/(FJZY/O.BB@V&VRL9TY'(7,U[D M5>R&$GDV^>H5T[$J7*(09I>Y)'&2A!-5"#7DF5%X4&1+J:-[\671NP72JGGX M4F6;FH)I"QJ[1TIH@UX0VQ[R8Q?3]#WQ[3 DQ,&V[3IAPOJDEW0[^C1IO_+? MOA5Y"$[@A1PU.=EK;)U(PY01;4;FIAF6M.J4$'*+YO6AN#O_* M(H[;=:\T=-VTO1,D\N(84U2^$UE^&$+(,X_5C45SCG9TW)Z!T030=JC'0_HK MM0(\^JM\LUWM#I32TUE\ITAN5;EM2D5FY9M?L)5[TF@]5V\MF]QK8OFU:%!L M[O.Z69QW_VKS_.XE"^)#$MI>8B56A!T[L1.21G;J)3#V[21F6L(1^[+N&N0. M#==C.H(LG190_01Q%@B9N3FA:W6^_.MU>?]3;URK:N[PZU;/W ,]>]'\%]1) MCJ9YM482>ZFBHPCJP/#& B(V_;@3VZX?8==U/>2@L94 ^K:0$C!^>T(MX'H' M1I@K3CW00).X(DB\T"*A"4=?7I$ERS!=X$5_3!F$6&"JR/^65T53;O+AM84@ M< ,KL&SH)B1(_#A%%AQ;P,B)F.OOG-_5K DC&LYG48088JB?:R2'3PFFY(6C M$JZ1'[&Z-SM/;%7NQP8>JVD+TF! !5L4>2G?"?BJ9;]EZVW7%;[DRYM-\;=M MWB5A;A+0:5@8^#CUT]2STR#=":T=V$PR*-F$;D4<40%X=U>5V?(&9)L5V&$4 M>I14E$VVBM0$1'*JIR2'6NI(+[-THCPD2:L951]9(TJE74U6@X9T#Z* !#BT M(]=+@@@1'R=D:"Y(7(?IE17I1F;7(:&W/,4Y%=4B#72J5J-97N,\QA27(G&2 M:ZHF\9KQJBH)\<(T+_PY+V_SIBJ6J"J_;HIL\TO9MCPD8W82H2"T+,=*TCA, M_#1 NP8]A-AO\9=K1K,V[<"!$1WHX8E,ER0)99A53L/57E5-/7YAHI@7N^> M5HUL##W7#>(D0)X;.1X)XK%%/XV8'D%6T8YF&1_1@7=@ AV"$4D2)95!BF? MD% ^+3>-2PX]GY!3,4&7XY9-TT^3<$S4%5%G@*JKLJ14W[$X=/WB*VVPOBGN M+JY^HR%D<[UKLRM36$$"+2N-O80$=I"0.,3VT&)H(9?]Y@C)=C3K^@Y=>_"I MQW3,#9Y?6KG,3D5YL, ^13'7JKH$3R71MC61?5+ M68T[P>( 121RTB -0C]Q["2QG+&)R(<CF,_3? N(66\)UCHPYKEL,4"6C!"6U'Y*#HMA=K9X9-" M9F+T/)UW0,*)/5Q"7)FQ;TL,^M.W[\3MYU6!<1-8%#JP?1?4Q<@*:>Z5^L'0 M2!0$OB^B XR?GDX)A#:#\A+%IP8:.!+6@UEV>#XF@D$3.!DS2Q5XP1_1!2$. MV*9+U+JP;6;<5T2\*(K\)(G#,$Z=B$#BCTUXOL5TU%?HPYI5H44#NKXO,A_@ M)8EELJ21'SY%F)8:GJF21HK$IDH<5#%.E!Z;>'2B),B$"1,E4>BE@I[ )X1V M<-"$%:*0X#" B1?CP$&>2YL(9R2 M&CXAU$:1J! R4\4LA(&T\BS< @Q[! @VT/.N*4ELHG-ONBHICG-HOD().A1@@XF M&'"*2(8BIADT=GJ2^937:'XYA'IZGL7D6P7?;+K.Q,@QM5=+IP$Q0+%!I;:N MQQ$O/C?E\L_SNMYFU/['K1'/MBP?V9$3^VV .X'#_MBL1!N:(T.' M#(S09-1*AD>&$# 1A7RZ;P9[' (_$8MBJB[*)IN2'S?]F'PK(,L S59A1:FV M"W'6=YVNR4?E$S>(@LAS2)C&C@4];[?"1!M../;$B'Q=?Z77 ?U0D"EJ\I/& M6/35RA=WY7<>JCB+P%HI$ZX$\U''7@]^:NVIHK P,P8(JQS^I^5A22:8:\3N M01.^D[AQ2%-IQ\5I2"+;3<BF9Q'8$-77]8C^#3#054GI;::5GDDUQ! K5L\#S*SPN*HXY3 M,[9]*K"C5-W;.-*Z3WG=7CC7Y*NZ;2[[FE6KNGWJK"EN\\NLSE?M$Q/%YIK2 ML2JZEZG&?0B>%3N.'Z,@<@++31TW&G-,%&'"/A/6!T&SANV!@PXYZ*'W+\6U MX$&''@SPP1Z_2(*DT5,,":<93N*3R._&/QQ9KAE^$DN%=?J++6L69N]8:JW? M'0;DWQ,864[:Q3GBYP?Z==K-MY3\80O&V)CMNSZD7X:Q!UV;$"]TO*$QG!+7 M8XZ/XDUHCG^'P(8$5$@Y)3ADB%S3T,<7F0Q@CB.F3,.@6,P08Y(M&ARU^YC: MRQ-E@)HK,*)4VGDXU/B Z6/= 7*M,JO, M10)1;P[O2(>^-^<8B2 XAX.414(UCA(+AY(U3]U^,# P*C?Q5'34PR?K?L8D MO\JK*E]]K,JKHOE\DU6T[:'%A,;A,$!6Z+IN1%R$$G^\1"!)HI"I=*FB'FQ@ ">XBU&*T--Q:VHN^<*3,(U:]BZ>X.C$SD45S)JQ;U&)):7Z?L>G M3FT;O2KB\O8NW]1=((9513M>W@9F]+#_D8_90_M;L%TF&K:"_T:U-%^=;S[F M55&NTJRH?LO6V]Q>^#$D@9_Z=AH$=I3X5H+MW7PC29FN%IT=I.Z)0 MZR%8. M+0,'IH'+!W#X#>9./PI7-;-A[)YR)M/^;*\WA1_SU>+R,)NY#A)D" O""#%FXR/.Q,WL-A? MS)D;J.;HN+_+JK(8HB1WUNWX"CZS8U5?W'0D&["5DK4[(YC)4=3>H$!I4EC MJ"@-'*7FI$U]YG=55L-O=4KG)I:?!F$4N Z.<>2[?C!N/R41<8@IJ900>#/3 M*T&9/!MFHX"2 Y8,"?*BG6P^1,R[7W+Y"3M>^U6YB1TVKO76TCRN+N9$TJ3"P,4ZB,,66#2,/[QIS(Y\I MY9-L0G-B]J' 08YE&+WDJ5E$F6'1XQDMKRU9B/-H MT(*#A!$O+1?(7%]0_\9[CFF7K\D&&+UB__][W9%>Q[.%V61#)M@'_89Z(>/6 MZAD=>G1_]EOH9 9,DM\&3^5;DX^YLME^STWQ=,_-P@JPZX7M^?' MB#NUXL">)VL51?MVLU/Y'9_F>&'R3'.*[F),1OE=]92YLL,I>HQQ6:"*S<13 M9'I'G#-)1B?;,;ZWS$V:#VT9FAI/:3]:\Y&.\QOZFQ\I_OSBBO[MVW+364&! MM\\Q+&P_"%'J^T& '!(BB+%C[P ':3+)X1IYF)ISKP%&.U4MK\!5*US#YN#[ MUNV *N1U-X5=T;S\#-P6F^)V>POR;_3O%74.[EK#)CH[H\#GFD_/3.ONR7.G MT3S0V==VF-["/AYV&P!:(]_("9I7G:7C#(VZ'F+0HM;,1*@Z1Z/:-^SEB&?+ M>,_1HJ=H/VS;(Z\75]V?UN>;9973'T$/>T5?$$R#-";(38D?^([GAS 9X::A MS;EV-A-(S0%PQ-3F[YL.;:MK=8<79/=904E8T\AW]RA0EMNF;K+-JCU:/OPL ME<%U5C>@J;+NMU?90_N3-$"6%4CR97="F7$-=(G92@BR78.C:J#'#2>+!3-[WI0:P=PT/"L-S UH M@K69'F[Y!.XBC8E-(B>U/"=.?->SH]W)YY1X'M,%&[, ,W_%Y:B435$L%W6W MSA64"3QM3BICLI.G6/R8P-GF)2ES+6:\3+;R=0M)GYJ2?LQANI+5""7\ZTTS M?LF^M>7OQTCA6"2X*JOSNMZV=R@NG+A]Z26P'>+:803C".%@1(WC<(+,0QU6 M\Y.1P=;GTK6SMSN5-EH\1?12V%5T9BWS])+)$YGONX-,D?',TU%F2X)4=1C- MJ1&S5Y1G2^K[PUM.H#2PH22GTN4EIC3KXNN&9@,WQ=U0-+JX^JUL+Y7NEM06 M2> GGNT%#K(\"Z4^<9S=AA(;^>R+4W+-:$YN=N#&!:162NX[?/W958Y0(\DG M0QHQ'95\&<">Q8][%GMH_=Z#Z5CDB+73L2D6)L5998MJ)^T_%I#4D&9 +%%D M2*F\0ZFX8H![!0%NFYNRZN[5PMCR8R=*O,@-HL!WK"@>7]E)/8N$B_N\NBSE M[B?0B8]G8!Z:PCPNX?5UE5^W1\:>;D/H^YENE9C.$U.'I5%9T[+JCA\NL!]YGNOX 4F\%%J1 M1<95;6BA&$+YNW,F *EY4K/7J!<#5+=A?)[HQ._.:8.45D\:$*L>]8.?3_8# MHX/64S]-$+N$N\;W%<+$:= 4R23]HCV@#:\_D.%$3CT^ /&E;++U^::IBDU= M+/M#7%$*/>)&R(IC&-+_H31!(_0P<*-)@IM*P)H#W7XF5HRXQG-15[NG%<>S M4(RWX1O%G^[P-Y>O)P^%NZ>%=J8>'@C>63K;$T.:G:%N(-;RU)B>W;BPQ1%:1R1V$=X M-(98D3?)-$NO"9--O%X1]?O.B(EF7II[A>:YF#D=8O+966\Z.+ ==,:#AEIO M[+.PDSMYEAQ!2:_[WA,"-21-%OT5^I0UU+_TJ,TY@/I>: W8$$VTVU0_3H40Z0 M?VM_W:\+;4;[0-89R!>]9W0T6X!^&S[FB\$<3TGM+!L>E5+[1*B:\*K-12E,L;QBBYM=BO0:7.:A>U\LWT6-F#J3ZNXIAT57V M;4;#H^Z+_IPC%,MUK.\\/DN2,U705N%#UDA^<,4DSNX*BJ[?=/0IKZE9>8LB MW3;;*M\=TTN)XWJQ[816Z. D\'!JP1%'$,=B)FZ'./&;*O MT;YRJH[.<389Y9O\JE@6V?KIH3J:H[\O;HMF$4787)^96[ 2S M',=LIYA?)^+846:%%!IPGEFE-:6>CL:A_[OEJ/+J8U5>%>U>%2J<=+*PL%W' MQJX714X*8^BF"0T[8VO$BL+%IMN9L/K"*/\233&-H+@?0<]0,8^B_2)WFU / M&,$(4G+X'+?^V+!1P)PG,AQH\#QTETB!C%AFGW*?%_W(B9%!4988(^+(TJ+$L>0[4S &5^& M,R-='(G,!+2))2_<]+$)[LOV'A-;278,$%I9"TIU?45@J;;YZ7V27 MK<@4>8VW5=7NL+NLFXJJT<)Q2!*2V/9C/_)Q"C%R+.)1Z8E3G_XVZWYA'4WK M&R,C6C# !=EF!0; X #Q&1@P@S]&U/\U[: 2X/7$Z-/I)3.&J58+R^GZO-A> MG4_YNIV=/V]_T2I+DL968KMN',06#,-@UZX=IR+;2\5;TYP24(?0O[KN1G79 M[<#/Q[T/EUT=J!'<#2K!+]]FE&FH%=L_\J[JP;THE//L]3A*%\/V#'FJS5 ^ MA?8H#961H.;9B)TAQ>ZX[]CW7(:F%AI8# M*K)<.Q54M*=9V<8Z%+0B<.8.0X]%=C!ABX M+F*Z^D^VC8E4:MU"&[<7U^ =N.O@<51N97AD*'9/1*&8.'6H -FS]W%*]CAJ MWQ.Q*%;_%F63K0Q^W/1CI7 %9!E0#E=A1:FV"_&J<[:^*BLZ@:^:CJI\E37T M5YO\H;[*\WKA>*$5!:$3P=0.(0[#E,"QV2#![$]KJ6AL"KVFHZ/=2MF!! -* ML(,)6IR\TB-+,:N"3\BN@)0;2"RON$](L(3*RQ#-(?>GR3BI^XIX-"4 J#+G M6210RA/;3JVRRHMKVNV^Y?5=7\]=X(1$892@('#CR$,8>7BL:@38"]A#@,C' M-4O^ ETF, BD.&A/ABT'/=5/'I]RPL<8BS;K8$Q?BV7UQ;;7/0E*TF=R3^ M][8JZE6Q[.^S[<[.;);E;=ZS^U?9'8#/J3BZ]4^"-0.D5PI^J:CW"%5RVRV% M>5U3_V?K--^7CZ,XQ6[BQ9 0^F_'1T[L[_2:D;!;"N3,TOEV7QFZU5+/%DMD59BBC%LO$MU1RLJ=2,Y.B7J[+>EOE7_)O M#5JW[^+:.+(3B+#?OC_HV+8;^.@:-'5==[47[JRI@M)@J"3V#YT[""U4>)' M(4D=A ,G)-CA.OJFKEG-@CPB;0_<]UC?=6#!'BWHX=*QWP(^/NRU.X!-B&?B MGD][%=*NYZ >,XDG!%:#)\S05!V&/3T(J(L[5N4\T>S[8I.?-_EMO;"1'Z>> M&Z381\AQH@C%R="TZT5NS*.92AK4K);]?C,Z)EM$H(/$J8=J:&53PLD9Y5PY M?T7W6#C6(GXLO)V0/:6TFR%X:DTJ-793/I'[6)7+/%_5*;7X<]:J[5,$"Q1: M'L)>W":G/FT\P<'8L!;3.UENM6C=ZXR=4#J%=)NA R M6Q99=RLPY>X&X+*Z*RN!,Y*4$KM.BIK*4GQ#@R;QI MAF9/9VXYTZCAG%#WCW/6%U=)<5^L\LVJ7H0N_7:"4& '(8X3RX6),[9$4]QX MO,:8<0XMT *3 CR^O9BW+MB#:B=T.UB;N@_FYN\^5HN MUUE=W^;-3;E:^)X=!4%[*3O$01A;$731 ,EW&'=:3P)$.\QB>/WZ/#.(XKFN0XP:.-JQ7-Z9=_ M/HIONIS)=O!1DM078N.DOC+@0.5DII8SC 6)>C*\SXIU"^M+>?":U@"KGV@X M*/%#U[%"'[H1CJPXC/P11>J'H7#%64';$]2D6Z1@![4=^H=OU@UHARI MP,S M*=;MG$ZB)*W"*0)%ZXG](5W69O/)C'7NUPEEK80K=(T9,QIMUIVJIBMGD55R MQZ>[8?]R=__ZZ,55_UKAQ;:I&RH:ZQV E'G1P@%$0Q6X<)W:4>".&V/81 MC^"J;5FSW.Y>.!_0@OTSK<.+H >(A6KFBAW!)K+S^8!/8I72KT5=N9@\H:UZ M/&*&LFJRK9RB3RM0U2'[>@8$KOY[6S>WW4W6L6/%4>S[$0Q<+TPP\:,130@= MKH,"NC#,I+0#\A?&.]B#5R"Y*KPD(;X3.TB-#,OY9CH]?IU<7F56Z"Z#-5JE ME2QJK9Q5R6SX&!Z* J=AB'Q((M_R,"88[U X-"E7D \+MVU61BQ4>E#N#JFL M>!)/:,V+7W/"E)GQ,3;YUO"@A=CRV&@1IQ'6A@6Q;FI5TM[F+XNN'K73-5II=-J&< MDE@^893C5,]K4:?).J%[JF@V0^>46?/TG2BE+#%?V+)IBE7;0G&?[_?!D6_+ M]7:5K]H3&;B\O=OV"[T75T]!]I?5+F 4.*Z5)!&,$,&![:$P&;&1U.>[@G02 M1)HUL37BW6@%R/^V+9J'=Y=935.=@O:R3??;V=>L6M4@'TSK#S^U:]S+O8%M M*K0:IJ>/SW#<466H6XLY[X*9QN%L FR>K_ED^A#_P,X#"QS4\OF)F!<:8MB]WG._F#G>9]RML-VLLV7V_7"7_= M%$W]&_V]?'6QW27NV+'#('%)Z.,0HB3PK+#?HQ&FR(DQ^SY%+:UK#B =YB%B M]*C/P!YWOQH/.N1GH,<.]N Y-KCI\B$1'V78>+#\+IPE%#]G=YI\)-7@/-Z0*L+BZ\%5JV^,"K-Z+7TYX$[ KIK0>_FP M_Y'A]%Z7+)Q$^F0!ZF?ZM2;)FCS-BNJW;+W-Z0P:1E'BIY856;$/D9M&]FA* MPGCWG]$&F!#L+Q_ X<\-UO?)__'FB"N; MG!OL3&EH7[)*ME6QN?Z85T6Y6D"?.#AQ8&P'OH^2T(K=<(3LVDXT3[HI /3M MII5=1ZI!L0&]J7,%=)'>,75VJ+EC&),%#LL,O:%OL%_,E=!I[A_&)6Y<_62& MW.RY/R;)P22ZP?>6:\E0H2VGDO8/>^Z$3D!&#_L?.81,NCUWYQL*?-O?RM6^ M(?KE)MM*.RXA@4\P=ITPAI$/'8L,\!,[@0E?'F4(:,TYU2!> MY1X1;X@SA"?F-,@0O$:G1+V]X,!@T+_7W%"3P6#SP4:,-]]Y>',E0W"_B;Q) M?6?B2**F<=3)A,JPOF)*7J%:76N7>W3]$5/Y;UNWD+9/+W/U"J:NEXX6Z6-V:$3EN'4=S)3TDCC M>=)D3S=U C>" 8Y2C)QQ;3O\9F>6"KH M"E.GDM/V F.21[-3107]:*[D<-K^9%PZ^/:2/S/2/77=YGM+\!0RHRVE4^T] MUEMDVCN_B^YBPQINJ"&;]EFU?+,L\CHIZN6ZK+=5#B\I8&KSPO.AC7P'AS[R M0A+#&+K]33;0CS"$K^U(TM.HONAY@+.[O>D14K"'"OX8P?[7M!>!6+N[SJGD5\GU/)J=-M0]O\I=@4M]O;\86S9+M'8:4P MQI8=I%8<.HX7A7X:#BAB#T=<=SZK;EOSQ.@_\ZSZ9[[KEY2SRZ:5@9ZL&! .R: 5#FW.?U#.BRR-6@] 7[)FO;*FX?9A)23Y1-2JLM?9HBI M-NO*:7J]%D'%VZI]/'YA!T'@Q=!QXB!&MN,%.,$CB(C^2H.>LC:M64[;4:5% M39FI52JF.EC5JJ4?\F\-^/(U7]_3GZ"YQ\W$;\_R\2JOGKP.>E/BR6V3@/A^Z/G('I$$-F&ZR41G^]H%U;%T"2H'R:HE50^_VD6UA6VVK.Z( M52*L_&YZ:](J8*&PN(JRJ5Q>4SHD>B Q3BTW#(,HL;!K>Q;VT$[G$;("+>K* MWKQ^<;4UB2L'Q8JU50^[NJ6U16VTLNYH52&L_#YZ8[HJ8*"HK(IRJ5Y5B_M! MWF&:AIX%4]=)8LO'&.)HK.+"($SUY*SLS>M754>7JK)3K%I5M;"K757;5T&, M5M615B6JRNVCMZ:J_ 8*JZH@EXI5=0'=V/82& 610S/C.(Y0[(RMH\BU%TW9 M9&NE4OIJFUSZN8/'/,R_M'\%W YC>MUB!7<#/"VZ^CK)2L54*;\:EZ.,E$QY MG62F_TV)([M58HK(R1K3V9./6=-^_4MVNWE%Z"/;9/]BP:_(,0*V#%@R[JD :6RGL*MI,NR;NIL ML\J6M/MLU_3W5MEM637%W[N.1/^DSM9Y?5>5RSQ?M3]9MG=;='^MRKN?;\J[ M'G/[@_0'5D5]5]+_>&I#2/S4\MW4M^,TL8/("\)@M"&,8Z9GZ\U$/HG^@PYY MMQ?]P&1P:#,8[ )-"7K+0&=:]Y=VQJG02H/(9X]:!H'6'1 9.LM9]Z=]_QA- M[GZK,WKXP#]DA^*.ZP:!GRIE,+:#\:0GT_GM=.9C8/\Q)JDRD9OG^9J)*-E3 MP7_?9A7-2]8/:4&A+HMLG61-]NLFVZZ*]ESBN-,^LI(4QCY-19$+ YS8$;2[ MIG%*;!0S32!5M:4O@O[[K_#3%_+I_7^"]/P#_(#/X7N0P"\0_+ =4?[(V2( (R_'A%LUK0;HK7*32HW=D&_EY%/YD*V;!_*M/:J= M+RP(;>2%GDLLOSURF?@I&AOQDX#K\"/GIS5/%<\W]W3*1IV[Z@M6G"YPR-!F@O0J,>%XRE.>$28??TQ:N^]O)-JOWQ9(V1-5_R*OK M8;5YX;HHBK%/0IS:- !XQ/6#L6$8AH19D]4TIUF?]R"[=8;U"',W2L"[836" M1W<4,==7-=T/D=K.N<-II" M[*88VB1"<8(\QT'$'1O%;F+Q%%0+%4\Y MW$,#/;9I:[2G>3I1LU5$L!DU7%7&E%HZ(9]:_9QO\BI;4YF$J_9\2+O.U!3W M^5A9#NS0#OW%)K]N(RB;8,FVQC30XGZ@'0)C'F^_ M9-6?>=,]!G#=8^WW\#Q"N\_3?J 9Q7K;/AX -N7FW3*K;T#=W=B]/+SY>_CY M'_FD3]HU;-HWB4^$Q._G P\\QC;/"M4K3)V0/U4X')3;]?MP*>M=\\3CLDBVM+4,:_K)+_/U^5=._M86($7P22(:9L8PMA" M:0QW4NR$3(>Q-3:O.:_KWRD]F*M>#AC!:@^28^*JR0<,A8+YZ>=$E]] _9_*N;!%"B-EC10F];C*@2*'9P'*R+L\Y M+2C+U==BO3Z_O4G,F[((&,.;M^YCA3]0'0&3@@K\4T<8;^ M(B^G$G,Y(@W)QR6->)J&J^"$^=*.5M]P63=4ZP:9VQV?7]@H)#;QH=_6/J( M$]L*QR9=Y/+=>RS3T!09-><]'%*\L:G,9)3Q:4T__VAQ==G1@.P,[+!-?,O& M"99.*(\2'3D!P9'D8XS#!/H[QV%Z4 MH$#HRB#N5KA42/22H+NR:J[*=5&"L@=*LU'!*X+X:634I4D8Y!2EW35 >'?R MGA@!]:0,=7E/1*RYX2 M%E$1(- P.1&QX)B0"+/!M*#Q(6]V$;SH6FH'U<*S<.K"((X""P?8"U,KLL:6 M$$+)8I,W#.L5@E_G6[9M^.2#8CI(6HIA=*Q/C@YUO#&L,N@D34A+YF6,8Q%@ M N;$JOPB#+)5YU\V^5CY79(@ ^KKLA:4ZKJ+0.'J0[DI'^OZN%8-24P0Q'YD M64GBV8&?VF.C=ABG?*\@R#6EN7C53QO[-:IQ)(AM>)&EE*.J-0V;(G6M0V2[ M7(^\QJ>^RM91IEZK;PJ6;D=;. 7N#[O@LC MQX\2+PVLQ U&Q#"R(,\L=4Z[YX?) FB[VT&A#5QV9H$?[JKROJC;O8/T MOW^DO[W)KXJF__%!9)O6:CZ!G=7];.K\5CS/)^V/YNR]%_>F@8MG_A]^OC/O M##PV!XSV3!L,-#KF1"0QH3N8$8:,8*(T;["*!$"*9(BSJ!?61>)"&F'=U'/" MT,*)Y>, CJTE,+3XMKF+ML)7)Q'8WO[#QS&N',24LI(.*0*$\H0#34S*2#F% M-*[O@!\&5!.GYT>X>55-Q=DT20DEK'A1Q619854@.@+IQ[OR+W;3(/'HYXGO MIG$:6K%GCPU8*.5:5>;XK.8$MZV-/:J(@4>'9 XSF6(0^W:W+*BWEW6Q*K** M^U8V'DK99$<3F_QEVD>)XUG[GP.3']NS8G1Z )NF*BZWS7B#D!&YXIZ^$V(D MP+$9^B,"O)3N7WPJ0_O./CD[["-?RB/Y5A!&?A*Y(8XB"Q%((NSY(PYL6SY/ MP5)]ZYIKF.U0^Z$7K1^[56B0/1E7>I1+@YO8!&Y>#TGJH)FBQTWI"6W4YQXS M)%2C?>54'5U"D!9=?Y MA^WM95Y=7'V^R:K\8MO43;9I\UZ4U<42;OX?>6_:Y#:298G^%7QXS[K2++(; M@&/SF4^^EFE&F9))RFIK2QNC44&$ I,,(HI@*#/JUS_'1C(6,OSZ D+]JJPJ MI9 2]]SC[L>O;_>N>+5^4'][D:5%(RJA5DQ@N$B!:6J]@3!<^@R MH@X&V$&/NWVYU"%O@B/L5T&'OKN=.N"'!2R^FDDO:IE!"\%"%V^-XT41S>@] M(YV>VVL>&NO;R7K2,6#V3%09>IZOAE?-M8H 'K;EOG@!RA-!<"$+U?U"&N99 M2F1"VFLYE,L8Z1X1NC7J;_"/.+L!_2)Q4W# :E"UP^US22TFSXQS/RTRC^'M MR;<3;RY],*@[F#]?WY:KAW7YX69$TY566L2(BXA2$DI*N4!$XB@>K24%["J; MJ0W/0=0(Z_B]]U!53;. D36)>MHW!7\PE3.BSHN:G>#FC&[9LCD/A;+VHG;; MQ_14I]GNVES[3;VN5MWJO[L,0/ZJFD44HS"/"4&")43&F5IC[N6-B5@K [[% MYSUKS1-400=+!0 *F*;2V!!W7F0FX@RF+P9TZ:B+\O5(6=3OGJO*:3)>$10' MS%U62UPX4#OK138*PNN[9;59%'F,TYQD"*%0)GF1Q3$?3>5*OV4T8 &%*(XXU%P2 M348?<&&DR9R?M= Y4LZMB)R0.9-UD1M?GJ^.'#*DK46]B4'O,,-$IJ',0\Y8 MFJ%8R=S>!BU@V@/Z\F1: PID#%G25!=O!)FJB8MX!:XGQS2/+JZP87[%BJ MTZ"(*"%46>.RX"@J&.(XQ*/-+"+,@3YI6KJ<0AF%-Y:T6JF4!T:=Z=1%XJ&S M/,&U"LCOK-4*ZHN>7ADQ!+W&\EXMZ+J=I44>21F*(J*8<%90DF?%N%,M4<9 M*@7_NF=E.AS3MI#Z?5"@&!DPIB= ?LF"B0Z,)Z\W=/9T:-S"@5,W#SVQP'_B M-HTI$]95$@3%B8JEE-4\3'%.N1B-<9EJG5];FIA(0?[;I/O78W->X\34"=UT M_Q!.M')3CI:6FU5?@O5@DMTNM]_*9G_#+1:"IC*315*D-,Y95N2%2!))B$Q1 MP;7R+CHT-\$$@#9HM3\Z43Q@MHAX MFQ+8VL$I&V9R?IDX2"/RT>9F7K&./NP3T0W0;ZUX1C2[ZJY-PB25DOQCN7XH MZYO=;?FI;+/05IMOOVVJW8*&)(Y0@;*$X8SQB"7)J"99&J52NU:H$VN>=6"/ M,6A!!AW*]F*XPAGL@08M4D 8XX9FC8!Q0D&];QU";[JB]% M]?EQ4VZ_52I6)/?WVWIY?6L9*>H0=2I&=$KR#*)#M_[4OKJCR=S!EMOMHS(T MV'YBN*]&SY;WU6ZYKO[5]>"/ZX>F[7#[_C9VMX601&0LPX@P4L0T3@J>C2@) MRK0R^%P*VV3STNC2840_'\V]8\%3SX+6-?! GT>S0V:^>;:XZ3SY_\/&-IF) MY]GHMO/VI(T/G-*=,?YF #!]V\XI7+B ]Z\&%Y=J!=W-J?ZE^2*F),Z3# M$ M!)8\P1CA\>,8):"7WIJ?]#SQ]RA@VU*Z9.AM2GG@ 38=OD&!EPVIWN:9[2@@ M*_/8C(*"KJUZ@FGR!G)]73]L=LW'Y6/[;)ML5NHGVX=R];Y:?JW6U4[)2?>@ M^TOYUXXJ__Y8I$P0BAFCN(A$3H60/.\A"9YE,>Q%@4\@OM5B0!P,D+M#H0'T MOIIK\!]]B5?3O! ^VD=/BF;3-# !.\XP<;:%CL /&2B"%G_0.7"Q9!1PKL_H MYB1-. ^UG<;5D[DOO/.KJ^R\:I;?OFW;<@\J,OR@@L?OY>:A?&8[S*2*"L,X M+6A(6:Z Y$4N4LYYR%@2"HB$N['H6:N?@NR7=QU,R-#W2;B>)D_/-4Q\G=#L M16&UF#LCI6Z9GX=F.O:I]ME73>/;_49]'T\K83Y2Y%_*99LI;?5A\ZF\?MAN MATR(SY4ZCQ%+0Q*J.)PBFD9"8"75:9%DB?H=\ GMI,@\J^IQK'4X^+H:KSSME^\-]5QRO]:!_C-DT#W?] MSYZ!++(BCS@M:!3E64(BD<1[D$P4H=E$-0FT"6>JSI^?O[8.!8-'0>?25= Y M%0Q>705[OX(CQQQ.5=,T.G2NFEU[FT]6$S:UY]G*1:-H35>3MO[7-P_I]]?W%!I?$<<8P"X4L.)$I MP2@*1P BDEK5-CR8]3S3C&"[J'@/]RKH 0<=8L"M$,>4:]SNN1S;,)W7(=IX MKO;!/>"RS>7:P.P>C>NVT+L@ V+IU-T7/U3/X%J+)\=J[]W4= DEEMN-6KTU M'\MM-X$.Q4SH(ZOO[NH-6R^;YH!&\"*.4)KBF,N,RZB])+-'$Q>@9]>^,$RX M*!J!!PIY'S9;5W_RUC+0!PRXKX*OCT$//>BP'U?Z_?)GW?\P M^*75;HH]=$1_#4F#;=>[+D54]YIZ,4IJ\V;'K1 MQK-$G5% -P3/0^<<^5+[Z((PS6*MPYM=7YWV4]7\T1?"020M,..AI#)B/$UP MD:3=/9^"QB@3&")6AB8\J]035$$+RZP:EBF!>JHT 7NF/K1.VT=UDJ#7W\HC[096DML,14M/4Z!15IPD22RM%B6[O32FX =J;7 MG!::43YG*SH-Q<<3D]8*I$/B-"IT8 @B10:\SE2/3#QY2Y2,V=&IKO7K\DZM M'G]9_M]ZRQZ:77U7;H<\K(D,<\8CDJC8*B$XSPL1C[8X2;3RH]I9\*Q&+;!V MUZ:#%HS8#$IL67!X7HBFHP\H0=I<.:NL=9*&5W3V7KZWEP(?:94<"'#J_ MKZ[;EU1E]$O9%B]?$)05:98Q*L,D5-9(1+/!!!)$<.UC9>B'/6O("">(@M][ M1)"S2C!+&B?!/@F"J<3$W !.:GUR9'86"^%*[YSUF8^G3E)-J9C!6:DQ]-I! M5S#0PG@P@6+&!1,RBB1+TI D&8JY&$S@N,BUSAR-/CR5%B8V MXUV;)8 6^B#(4 NGX<9 "WUP9*F%&ES!M##1TT(H%3/20C#TU[30S'^0%C;O M-K+>EM6WS?]ZV%;-JKKN7LD,AB6.!8T8C5+,HCR*LC@:CS^P6I\CL$+:F9M( M-YN@V@0W/,Y@!'#KTV,[CDRN(^#2TWU[=WR^T?W6%YS#%+)4T92X4(N> LV4]3*$M! M#^NMC4U_L^;K8["'Z.J #@\Y/$1;B%31&OT*K-Z507;IYP!;MU8T;S;*_> M&+KS]OT;&Y[,Y6PTNC^E3P3..9J9J3MOZID53[IZ-F0._%1]N]TU?]\N M-[MR-<2#/)1)+J(08Y[BF/(TS,>]5!+%>O72')CQK&$#LJN@QQ8,X(!K2A=T MZ@G71$S"),N81"]J=9JB,SKE@-=Y*)0+1VKG?0Y8!6-(^?RIO"ZK[^UKC]%< M@A$/4XKC+&0H50O4<+SW0V0.>X%A;,2S(NTSJQ^ &:J1.8UZ6C0)@S E,B+/ M3^6-$^2A0/9N/*_7X887XS7>^VI3OMN5=\V"$)RG1"*E>$P9C96= M?"]W.@@LZ=+8K.@";AFLY/T1:K^*T.)QF_;9G"+)R@],Z M#SURX):R!"+44)A\<6DK35?!Q[=IG$:9CBB":),)LS-5)R-7WM(G MK=YGO9[-KSYH:LUQ]VM^7V^$=?&X7F>K<0*<&"J\"-J7\@'N=JX=@; M#T/,,]W3*$?6_ VR(S17@8(8=!B#HQ\'OX\P)XX&]+@[,_HC:J=IK MAX5&#\UN2"2Y>^R3UQT9/^3Q.:3Q06G*LB3G/*041SSC:;['D44A,-6%:^N> MXXSC0=JF:.R'[J^J'SULMUV>\[XXAWFN, \-HAN27+(MH'%*L]MGO=T]CED7 MCUOG /B"J<; G)X-;'RUSSQ4UJ-_+T(@OTQJ)]&]K;>[+^7V[C6YSR.4YI13 M1A CE. X8?WV.69IFE'=_%M6-OP-X [6STJ [V81]YQCZ> M9S=UQP\XA6D_$9^J,_3;IO[:E-MNQ_C=YOYAI_Y8$56MJVY==!CY:M#+-.>( MM1?F99$)&64CRJ0@H*/NJ;%YCH5>J4EVI@;957#L5] Y%CSUS+K&S^2-KZ?! M;U*!$V)UA2J:?PT[$( MT^L#KN [.*:>Y:M,PKJAN5YZ*$C7VH?_1 8<5>;:E>VI6?4*GJG>E^ES \U M/^_4^*W^U4FF^.N^?6GTJT+SY<]R_;W\I=[L;IL%RU@BE7:FG,49YH+'LK^\ MF@M2("Q ;9?*)[5KATMP'C7,_6:X>U\6 =&LQWPGSODP0'Z$-FJ"/<(?3# MOPI:!X+>@Z!W8>*(U8KN>4'/M1\/\JE]LO?]8+(JC, M$BY)EK$<1;@06(Q8XAA3?\*MB\"_7F.?>JU-M ^9]L'Q%.KM1;U5G+!8G:4W^!62CS&!V-]5USO-TNMM"G[WRMB#=:B^HQ7Y8]85Y::^_!JSZ4V"IALLB M2V(22QYE K&T($1P3$8P:9J!BHIY@N!??R/?^JM'M2_Y=<[R9.K;(I^[^+88 MG6HOJ+E^5.F%.6FMO :<>A1>]7<7(8Y(&(E<%"FFF-"('V8!DDO0B9Q->URQ/)[SJWYF]\*J_ZU9X(XCQ7?FV?+!SN=_2/%PZW/-0?LG*[ M6U:;+]OEJMI\Z[&_]IB!$4$H2E.9%"R7-&,H[N$6K%#!/NC@[F(@)[EY]L7J MYMGE&E!O/O@AV@XV61R_):DV0>M4]TSLZ![<\&+LZ#KG;C"X/O M*6B W5:X'H%?!1WTJZ #WTG;'OZ3O&:=!\#7,][:2F\ZFD,SP68;GRWDYYFC M&<5GI@G?C3:/6<"[E\_?34["JE9='U9O=MOJZ\-.F6MNEVHT="G4_R*I+O@9P;%:VW6V%FXA-2""D18$F@DMQZXZ#.3W9&RMIQ9,*$& MGRR.X8:P6>HPU(?S2FS$B)86_Z/<5KMZ4W;A]E@Q,RN$E!&A.!4)8Q2)<)3\ MN!!"JQ29\<<]*_ (:5BR&I1,-&),0W=]DP63W OQ!!!:WWR9:2R4-SU-?<77 M4W)J0\L,E-0*?NVH>P#T\^.VNEMN'_]<;MMZ((,=$F=2D"A!N-V1(#)F:3;: M"3.NE1[?_.N>%73 % R@3*3!C#0-#?7.%TQ$+T850$:]4V:FHV#J](3T-6]/ M*:D5,S.04CO\M:L^ CM#H]MJ]:T3[<%,+AD*"X+:/)2A2# C&1W,H(3$$>1P M#/QQSU+:X^E"!:(R)BW>9S]F,.O'?4? MTVMC7]2_U^U7%A$EF.5A$H8L(4JD^8+I!I JSW>91D*T;B&!V9N'>M@XZQNZ341&^\LVFJ/QI$3J ^K]&C MK496W,Y1G>P<.JM6#KC2VGIJTV0I8]MU/=A(4!8BDB8BS!/&N4CS>+@1PQ)1 MZ%5E-/NR9TWJ\ 0=(),]%#A1&EM-7CF"*G MMI2,V9C!=I(Y]MI%?P (HZPVFW*[>V3UW5V]^;RKK_\8C"&6A"1"H111F*($ M%XR-QE),F?Y-/G,3GJ5R!!;\'/38@@Z9 '4-=I2#23 M66,R]23WI.NGM->>JQF(L ,G:J?]QT"6_[,_1A@/96F2I9QE41I&DL9QGA4D M&2TADL U&?C]Z01Y!&:C)U#R $KLD3=C&;X$90;ZZY$Z:_'5IQ FO$]]?DMU M#1F:D>2:>O":WEJQH26V=+V\_N/S]:WRP5GG.EHJW<0DYT<704M)M#AM/\6."_7LR+?]*!)CW>=LR9%Q]$YD_K=\S,F M6[Y>$;S)FN"RRCB=F_7$75M?:T^9&]ZY)&D'K_T(R*&:Q^C:'7#KH"0 L_M]6>5P<;@Z6H M(#@MD@01S@0G>9@69&\)(ZWZ'S;?]ZR,/:JG7=I$!TS9TY#*"8B#*>:E.0-( MZ 36"OJZBZ>$U)*0&>BIK0>UN^X!NV/^)*\9ZLP.)=@BSSHH /OI;MKAO/: M?=$6@ FZ%_*]W&77)?,5^?/6'O.XU^[>K=IS/X:^T+FN[\KW==-(Y?OKVY?- M(J)"$(81"F,N$HRC5(SG085,,@%[I./"HO?=PQ9D\+<6YD]!VRW&;-\]5)M4 M[DX(UQ/)Z;F&;C,ZH-G3ZQX-YL[(H5OFYZ&%CGUZ\W'9;6Z MJ;<'2PN6<*DXRG*>A"$)HU22O2$6,2W)L_B\9WUK004MJBY;W0$7)-^?&6T: M*W/_C,%4ZG)D03(C>B?-,!LME#S-/(BON7MJ=6['S0P6YY8.U,[Z"7!IWI6( M8 _;;6M#X)2V)4 IRE";VKOI?_597K_4\_+7?E0A28RSA#19K16.2)2'DTH)$1*D#Y(7QA M\*PO1UM$?RK!7OL00<^^-OX1T&+_R>8(GEK*3WMFD,CP53.7_MX MT45#@L\HJ.\FFX?6>O>RGG8@0/*PEJKGJ\C_6UG?U']NE(3=5O=C#M@%SW A M(UG$A6,6(2D<9V,3<-\KL:L:B9V/>?_J56W&])FL/IVY$CMO$.97,D<'D_$Y)CS#1C0'=3XDMU5[8U8*K-MR_*3*-L MJP[2?%8=I7P25,MZVQW0'V+R!6-$2!QB'HDTBXM,D&2/*!9Z4>\4.#S+;0O] MYP%[< S^*NCA!T_6NMTI0.?"TH!V=O ;5QF2U;46D1I0\%8!20Z@GHQ&F MU'-A$/:,:AHFC1]3&3&J_<#JI/.GY-H)83/0:S=^U*Z[$D"Q2?1D?X;5FU75 M=BX%X+HL5TWK\,>M"NM5G#^^=5D0D:1%SC#*LY!E<8991D8<7!;ZCUZ]6/>L M\-&SO<1@C_I_!"/N_@K\@/SP2 B@77[:16-6N'B3P&:+'[DU #/,Q5O%;.;Q MT3IZLY()8:=F*Z_DSV 6\^M?/54W-DKF,)Y+$(%$AJ20,F9%&,H8I>EH)"H* M_=0V\$_[7Y'LTQ' SPH-F-);>G@D";S>F)8?H_P,/GBR3LW@Z#CUA9=GE@V& M=,Q 92W OYZ3P8P#+7T<]XB&DL:CI3!K]XK"1/VG+0[/LS3:KS^B4&CE;[7Y MOF>E'%$%8UEMN!R8$J>AF1-P!A/."](%D- ):#/343!]>F+ZNK^G%-62G1G( MJJT'M;N^ KF(_<3"/@[^<'-3M@>N8SR\X$6J6C<+$6<1(S2C:;;7=HS#6/]* MMB.#GB7XV5@X7B^.4/<+1\@-8U=T:^CT)9B&"??<289).&-Y\>>5\UA5#6BK_VV9Y5RMC_RI7ZWJIII>F2S6W MR)(H9DAB)K*L(&$1)E$RFHH9UM^.,37@6=./8 4MKF $!M >8^XT!'P*VF"Z M?5'& "(]!7-FV@QG4$^13WA\2HAM"9J!_EJ[4#OL,-!DFN-UR3Z9W7C;?8$0 MDRI^SPG-.1-%$27[*Y-1B%,"RY]I:,2SZAY=Z>V!7>V?DT S9)JR>%Y[)R40 MIK\FW'E*>_DZ-Z_HC3,ZY_%4QMZ-%_DLG?"B][I[66V_+];[\-==/A7LV3(T@V#/VH7:88^!!7OO MZ\VW+^7V[B@[,=FL#H\9FU_+W2(183.()X M%2B0TP:-.K2="2"=LCZ/8-*M2[7'7@H(,K_4N^7Z8'2$LE3:"@H %")F/V-*+,*8B#2=6%.0.$ MF5-P9Q9FFG"H%V>>\/E4G&E+T0SB3&L7:H==!KJI.*3,.*3)P(RAA+*8A0S1 MF,=1%(\7R^)8*3YL.Q'\>>\;B6,2&L,$02:,Z6X=>B4+NFFHSY.GS<+G;)S= M)C2F;AXQG8T#+[8&+;D U$;M4]]&[I-8*_,B\) MYJN5]#1M!@T$TSU?;>.KLJ(!NV=TU'-SS4-K?3OYL@:C?TZA\5Y_:O1A=UMN M%VG*VKM!J2RPP(3&$9+CD5&<4F$4\$&^/U7$5_7U -NQ6[? S.(^$'.PP,\7 M:8:1WWA8_.$L65Z#OR-&-*(_$_[F(4E6'IR(_\S9T-JP:VLIUIN;PZG(*%V; M%M9\7X%,C)N#2"&0@0)_B#?]:S-'92@QP*+\T#D MZ,5WOGB!2:T6)5ZBN2/_ST1Q)BS-(WHS0E[;]Q'8J/]P7V[51++Y)OZZ+S=- MV2QD7J L)G%.<5CD22$*/+[]0[*(M=YQFW_=LP+L 04C(I@.&-"EIP9^F8)I M H D+\KP@HLS^F#.VSQ4P@)_[:H' 16C73ONC?7KR<%D>PLD%!E2VL0CA B. M$&8IQJ-1&A$)D@\[4[ZUI$47' 9+CR_XVX#PI_/7HKQPJZDUT]$*%!XK1OUH MT5FNS@F3&Y)GHE*.G'DN62XYTM4O]>7>4KO&(M^7U;H]#?U2L_KNKMY\WM77 M?]S6:T5HPZMU6_]TD85(J:4,\RRA),MP3JD8<2292""2YMZZ9Y53@/?CL,7\ M4[!''>SJH,<=' ._"@;H,.WST"YZH-UN_NB)L#@NA^Y;14KX-4S0R[UM-$_C3#]&_$$"E#0 M(;H*.DS3JMNKM)Q1,#L:YZ%2EC[4+CL6\$I:TY2[YE?EYL-V6[9/\25.95C( M."8\*3A)L!C3="<%EK#+9M"/^[Y&UN%1*Z4](N#-,#!9>DKBE2>8B H\G-! MZQD5YZY>F;(V#\TPA__\NI0=#]H/+*OEUVI=[:JR88,A'I*89#P6F>"T2-(( MI>,B-,D(TLI<9/%YW[<5#HBN F:B%R:4Z2F&9[9@F@$BRL^3QQ=TG-$-"^[F MH1PV#CQ_O&C+A8%Z'"E5GDH:*7VB(4D*A 23=#RM3^*4@S;$S2Q,J2&F882[T^F(L7:\S0U8,9S28JP3%],&/470)FEV.J"/_/3H!WJO.^8_ MJA8ME:BLNHW9?[07 3\\[)I=FU1P\VV1H8Q*'JKXA>:9.B-!CBB>ARJY M"IHA:'V*Q^U'MFM:\TKCF"$8YP$ H83E+\H0PG(I-_RRJ-N7,W+K[MWFV:W[;KT M46V7_I=-5Z&\NBZCA<@+20C-(H(S5B2("3KN25#U#U"X[WC\Q6?Y5;J^KIES$1"0\I8@22:,X37*V3R+)\DAO M4]>1*<\"VP(,6H2!@AC^EE .$G43@4"5^$F,9YDE.$I3P*_]^QN#U 7""<: BS)SI@"NR?"8">>F+$3#AUF-%3QX-;IV30 MP/$9Z)T)ZMJNN6%[I71;K;Z5;7VH!6<$L_:Q"!&RP#0J2#K6IF&L"+523QI\ MUK..]4B"%@IL*Q/"C-Y>I2=28&JFPX>7G<:#]V>V$@THFL=>H0GPVKI[ **5 M_NMMM>5&J7RY&LN^;=5O%GF6J58+E2TN8X)$2/$^.E(!4Z8=OUA9F48)NC+@ M/;I][;N@Q0>8W.W(U A\)N/12#PN3R$@8IJ,2K,8RIA2O<#JG/>G0BTGC,T@ M^'+C1^VZ+P%$^Q_EMMK5F_(P-9#5]^6F/1"*$RQ1F#!,PC!5=GB\OY+*>2+T M)=O"AF?!'I$%1S%+,( +(H#6V-"H(=83,0B3ZEF0!Y#IB4@T$VE#,O4D^K3G MIP3: 5Y +:4;+S2I9Y)CC5,@\)FF:\TC$*!S/ZWF,]2I,N[!S M28E&W>V_Q(76:))J(];N^70HV--3Z4*ZW5/J0;[?HM92Q#L.P$(.8V[.8@[T M1$O03=C1$O7?[I5;F]WGX;) @3,M[UA,)7F+)*,O\Q9[? "&(1L[;[P^/RNKCE!,U!6:Q=>[N7:\@%0 MV^$@OS.SR$),4$Q"F0M4%*%$61:/5C(:8Z#0@KX]C<8.D/J^#A8+&%G:RNJ- M)R-1G9(BL)1ZH\I*1?4H@PCHL9_GM=.(D=G(IAGZEXIIP8)^K>VQE..'/S?E MBB[7[:I_T.>0I22,4!2B-(QR0@2-\\%D6]B1PHIN6QCR+*,';$$'KDWBWL&[ M @5@;C@]+["3TPE36W,F/97H/LW2F:M13LB=QV4I-ZZ\J-[MC!^MH$XNJVV7 M*.I@N#?6U.O5@B,D4B1CPK*$DS3)$,KV!FFDE7C.@1G/&M6"ZQ.C!4>#[.=A M6 4M1$!88\FH1A X'9DPA9H5CX!(<3H^S8)&&U[U8LBS#)P*)]W0-H/(TI$C MM?,N!2RUU&4C^:7IKO>M7 @J.2I(R!G#(94Y9?N+ MN:+(0ECY)6=6/:O\D&BN1WHTD*Z"/=C@@!98FD)>LZ(EC6C\] H>S>>IS!UPXO6FOM3N5Q7_RI7;4G(>M,HR_7->$MH$3,4 MLT123A%E41[A]EED:X]E!.%$JXB,O17/&C1B.U[/_'U9;9J^UFW9_ 18*-K1 MJ;'>GHQ)F!+M2>Q*B[8E10=I&K%-QB%@K3T9EV9+;7-.]1;:Y]P_M4<)'C- RCO"ADCL;9 M0I*4ZZ?0L#?E6<(/ -OAL8=X%;0@@Q$E)-F:/;D:6CXMKS!!GR.ED&1VDU)K MF-G.CF+-3'=O$7%*Z=TQ. .Y=^A,[:67 ?<,KF_+U4.[2"#?E]6ZK5,AZVV[ M;/A<7C]LNV317]J?+I(,%2@,!>>14L%A;?& MCZ.B!KX9**DI@_H%0NOKLEPU4G'0;U6?QM+VZP5/),[C+,N+L& HSZCJ9KDH M$H32C%(&J@GBW+COK8D!;]#VF& \L-$8[M#2HJ[;1$]?+]H:AN/[<>U'*U"N/NKI[VBBYJ[>[=O.9UK@6PO; ME6Z:M8>M?'IO"*W= MJ85,99R&(A(TS5)!LYQEXP9$CGC,%YOR6YOU]8O^!H!; %J#&_>#^P56;U*[ M[NZ=>=):O89Q++7N&F,2I6WASE1I6V@NA!;4(C^8SL)\,Y59 P;M57;!$HP% M3<(\92@5#!$(W]MW;:Z$\FUN;571*:D.)7 N M6FN0J,HH6@BHSJ8A9)!A+ ME*D8CZOZ/"52ZRVGI0G/QSE';P1&7 '7+M-A2]]Y^9F0.9CT@$D[HSIJ!OCW M;_7W_^B=;34'#;]NU08=J8GYXL1V00EL!2?K27\-X&$YJ_ M!-E6B-DO!NN;X !;9UMJJD;14]G+M@=,:9TWQ227(-]D%' +TEWKS$-U/?KW MQCU(UTQJO7OOTJ+:^ZR>VR*=5L\&V[O./UW;+:+#):H)R2 MB,4)R1D.(QF*P:3DZE>@1Y,VAGS+<(LM.( +!G3![ST^Z*-(*T[UPM/)Z 1J MLS&3?MXXGF'I3'3IA-QY!))N7'G^8-$=/]HZU1:2;Z>Y7A)9?7=?;]1O&_)7 MU;0Y]#C+8HX)81%6EL.,]39)2/,()E16ECPKU3!1'T %O[>PH )E1Z:F0DW& M(TRBP!3Z4:9S[)R3)B>LSD2;W/CR7)P<,@3+C+XW-2IA'!4X(TFD3.(L8X** M;+"511E,E5\HH_;*O-MX_EMJI70\VU!&.,XH*F.8\PHCQ)D8I(:9RI2#4JD%8) M-(?FIA#SHPVB5=!C#'J09D4;7;"LNZB=E& #G;?@UM-"]RW&SJYVG=$]CQ#4 MI4,OUKV.N=+5.!4"W]6;SCROOE>KJW^L%C1+(QRS*$HS3,(< ML2@?=@5)GDO848(3@YYU;@\L6 V(KH+[9^'U+EUJ?;83P%K\=YNT]I=C7;' ?[/A^56 M*<7Z<8$23&-22$&++.=YSMMLX8-A*A*M9+,.S7F6NF%0=BB#U2NZMT<*6&^4 M+Q_;+MA\N-E/4XL4"2$3-2?%/&4TB7B.DM$2"P4#W1HW^+[GZ6"$U"5B'4%- M?-/X)2MG8B\;#N<1:EEY\/P^L#4;^N\MRIMRJP9A%\9UQ:P784B$^G:["Y=P MFLJ,1'*P5% <@3;#3+[O>VR,D/KY12T)ET.ZD^#_"?\]#*/#&O%_!E%X%8;= M__J?-,'R87=;;]N',/\SV-3C3ZNF>5!?K+=!_;!K=LO-2JW[H:\L#)I";T7I MNQ5@P=2A 88U9 ?H*GC7<3CU>X@7S)Q3*0L>9Z)2-AZ\>+5@RX:N2GW9ELOF M8?O8&2+7_WRHE%7RO=PNOY5MUM-]'=>"L"2B&(6(Y:S B2APV&ZNR8C%/.%: M=56=&_6L9R/.?C0%(](VX7J'M4\5;%C[V1WS>DIU$=)A\N6*;R]ZILO?&9%S MW@3S4#[W;M6>NZ[5*>=P'_A3V=Z(4;$(V8 MJJ7LCE>=-=(4YZX BO7/8WVTVSP4>PI'SY_?^N/63M7%7_?5MMM2;;.%+0J> M)EF*1$R+(BG"F,DH5Z:30K!4T!165\^%P0LI=7" "<@=Z)9J&^WUR+(;E=4F M>$(U?4H:6#<-.9^S0IJZI*6%5GQI'>_RX(QA8L@\#8$*M M3]ANE1%9-=?+]7^5RZW8K+HCV83'5$B<%3)/!%(Q M2Y['HRF&I-9M$"L#GF5CP!7TP((66:"@ 6Y\V-'WMGI,PAQ,0(Q(2NQ=J!UV)6@$(JMUN67*PK=ZJV0KPT4N,H11FA,<)ED1BM%*CF0& MBS]@WYXF^N@P!2,H:.@!9$LW\/!'E%'8H*+^C<65$4P>9Z1**:8AW%($S)^7F:)U,HB!/ZH9S'87_]IP>B+ M (R7MT>_-TI@PUZ/#1?#_=CA$^/((9C%J(\P;2(<<;WTH205IEXF^]/ M)1K'*^<.&5PVP-3I"X=/U@RE0Y\PE^+QC(@WY,.4MOD(B+$'KTB('1MP$>DE MJ[?%XC@G-,ZR/&$A*]*LX./M#EF@2/M6E;F%B85DF%FMI 1$(%1,?'%G)R=: MM+D7E",RM"3%A+RYB8J1#R=EQ9P1'6$ARM"J,[9>?EM$E.*<%J)@89K2E"8Q MEN/W<:J7T #^5<\"L@<3M&CT)0-(S=LRX8\5F#1H$N)"#)ZX?$( S&BY_* W MQ%W;=@CPW8A#NN$^E?J'0Z:UA42HH )1%,F8841XPO9&&2/:(]Z!J8EN33S) MPMVC##Y <\^Y8E?W8&,R8HW..8PY=7C;X@Q!YZ]>N&#V\F+DTIF7ES+<<:0O M6_]9KM?_>U/_N?E<+IMZ4ZZZ-(?;!4F0Q**(B.!AQ$5*J2PZ>TD8,I1H50VS MMS*-6+7H?OZCA1>,^/ILCUNH3!FSJ:M04Q!I)$X&'+J3I1.LG%4D6R;G(D;6 M?KS0(3?,Z$O0/^KUPV:WW/;GQ,TB813E5(1Q0A@B>:B"-3+:H5D:PZ0'^O5I M)&>/JK^] -AB,>1,5V!\TF4D+-I,N9.39QR5]O=RHT:HLY/S2+& N1A[@(:A?=S,A$BZOAMN0> M7=## R^J#)G47D[Y)]%L(07ES^$"ZE5*SB^=[%B2"%WW9^?CP M=5U=RW6]W"UP1J*4L@P7*2Y8$16%B$8;:_W#PN4)81$;(8 M15$D,I03T2V#:(R(R.,0^)+>S,8T4C%B"WIPP8 .JAF&-.IJAW\&C30$2IX[ M,7F5D+.B8D?A7,3%THL7(N."%4 <:ZOBN_+/\:,XM&49J(*,8L95S&C.=%AOLR9XB'H4RTBTN#O^Q9 M#GH\00<(EN+7D*CS:N"?(Y@83$X/(-.Z5YK,LJJ#Z-++G_[TT8Z-&>1% M-\=>N^@/P-J,R[_8MEQ5.[;<;A]OZNV?R^VJR\,J5>OERAI-,LF4X5#F9+1' MXTAK$]?>BF?!5,""'EEP# V4-=D!E>=E=%H689)J2*"?ZHFG^'E%9=QQ.H]: M,@[\>%X0T1$S5DK4IFL;$LC&&8O4\A 35 C&HCC"9*A-BT0F,U"90UM;EU&E MJR[#(##-LS-Z+33*$[-.E$J7U.D4Z\ 65+<,>)ZQ>IEXHZ-AQBQI+3;9\K[: M+=?OZZ8Y-OJI7"]WY>I+/6ZS=R5FFZH-R'\I[[Z6VT5.$)$\XIA$DN$T*>*B M&,'$A&LEK?8,P;/N#<"#%OG3<&+ 'NSJ_3E2< 0_^+UW +*:\]A0&JOB>;01 M3$'_NS0/8%4^CV8R6[Y[;"Z]Q;XQ>:=V!?RWQ@RV#R9PLIZTA\.6 ?]8KA_Z M0F_K=?WG4O%%'WEY4V[5/*ZF<](TY:Y;A<1J&5+0 A$>)I1F88B+_=Q=X Q4 M-M>94<\3Y!YGL <:?'T,1JCM5EW0@37:P'!'O=Y:X2*LPZ8\9X1[63[H$GAF M'>&\#>:QH'#O5NVY[\)4\KFI83U3<"09905&F4P$0SAF9&^,8:UL3I8F/"O@ M:R//:#_$E$$]:9N /)B0F?#F1;->9^:,0EE2.0\]LG6B=MJ]8%JS/XDB#[O; M>EL-=?HB&C+.LRB.(ADI,WE&QO,HB<-4*[FTI8G)3M.#/2ZCP,J403VMF8 \ MTV-V?=Z\:,WKS)S1&DLJYZ$UMD[43KN7K=:,Y0,CBHLT9R&EG*8RBVE(]^8B MV&K/V,A%],8HNC'GT51S/%#H0G4N$N.<8@>D/$!"YZH]4#?>5!\C7K375 M,;C^7P_;JEE5UT?[ZT66$U'XZ(W3-ID;\9KG^ M5'XO-P_EYW+[O;HNWWWZ/%C%>9CP),VCG!.,"HP9W:LGP3'H(K&M+>\KN!Y> M,. +!H#!WQ3$GPR5S)I?W27==-1"5W9VK'I:XYVEZ^Q2SPW1\] R9]Z\6/BY M9 GZ3NS]OJ!\$F8IEU%$2"SR+*&T7FAS.SJVC'= 4W]3;P^[1L[_JIBV16-,W@CI@= M_A//S$R9,+_9U:A8]5/9*&DO&[I15$\<\AO@I>N7?4=&NY$?Q50.[:/0K;&UY&3: 7 M4$[//G"![(?XB6YZO<(EZ)J735O,(_)T[-.;%[SL&=.*0C_5ZP0BG!2]X1@61"/,X#L5HE&"I'Y+:F_*LC7N P;J]Q'Y]#/$JN.E! M N(O!]QJ!*[3T@H3O1DR"@AOIV76+-:U8U@OUGV3AU.!KSL"9Q %.W2F]M+) MG*A^MZF[2+' 3/ \SM(PI91'B22C290)_90UMH8NJOC-3KO@LQM6K=3>/:$N MM7YR+IWHO'M.?:C\>6YM-;[C *[P,.IFK>] 5_34W80?T_<:S=1@1 MK;>_,37',/%_^>"C>75WX[*O/U[A[-Q])8>,SV,/PZE';SP2L6=+*Y(=@N1? MZS79;!Z6Z]]VU;KZ5V?W?757[1:QS I)\YC%,$&?,&O']X'RPYA\'" &*Q;C( S)Y8C6AV4DYABG9,9P\N.$(7O)^<3D! M.RFM9A&M%;UZ(>U;+)R*:9VQ-X.@UITOM8_^91G6GHZN%RP*L2C","(H*5@8 MX8R,@74FT8P M#'TGXM]!"'Q8N+_(BP,J3>(A%CY-(B0F=M 4,XV-77CV5HSLC#VM6%F)PQ.# M9?/;9EM>U]\VU;_*E?CKNFP:!8V6F_*FVNWWGW,I(YFFC.(X+(I8X#B.]TA8 MH55\VJ?]"TCJ5?!PA#PH.^B=I'X=P)N<;OEJ'XU ? 9- U/;'[]5 /'\#%K' M+,KWU4IZ"P SVDXM"SPWP@P6"[X]K*?KTLYFQ2,,_8X]BGE>(!D6+,UBB<(B M&1/C)W%>,*W4 #[LSG06A)[[N6X-Z[G/:T,XG_/F1;ZS*\Z2V4QFS/7L9S!SS_1G+DOV($F_VS[7W02HORL]7X0(Q0DK!(VHS(L8Q8B/ MU^CC.$NU*A98?-[S_#.F%S[,8QU2V;_1[X\19X^[#E9)KX_MW+X = MJGPWG(;^SZC-;(\L?OCF DQ!,VHVL[FJ?QJFEA@*7=E=8;ON3\_KF]>NMC7M MSU^>_P7+W6Y;?7W8M<]BVR(-JW+U<+VKVM\]7>!T37[]8H)\TB.NW^@1>O.E M7=.5I//YP <_IA+285/9]W]?4?'^[;,=&(O\KM==64JW%? M,<0A(EW68B32"),P3OAH/<: O L.;7J>J[\<=B>"MOL$30M6#?D.;5".<$W. M3%PRKS$!7XATV&3;\DV/^>YP!@/00!SXEA?E&S"#7HAWL]G2'?]ZYFKG%/MZ^9YO/%F'8[R[AGW/<<"S.>YQ"CZ[3.J3P_2TS, M(FQJF,]]9*/KQPXXG<=M8Q>.U,[[&R#.??FZK][(>EM6WS9?QC+8S2+%(4O# M.%=&29@*T19+& PG@G&I'>2Z,>=9G09 P9_5[O:V7J_:8;9K<]T!(BQ'O&H$ MLM-3"I.JUXIAJM^,)+>A%OSXP1&]@.AU>IK-0E<'=.M%K5J$G I9W;(Y@WC5 ML4.UMYX'BU2?7^#MPN7;Y;:D2Q4CL_KNOMPT'3A9;12T]IC@>E=]KW95V2P2 MJ:8GD0HLHIAFL61Y,CX?3/*$@G*X^T7B>481+Z_4'NV=_/RU=2&X/O(!%@1[ M;B6].'D^#02;GX:V>;GD;[$/37.,_BK8XP\.#DP;=%MQ?28NGZ8-YQ&Z3^1K M?8E1 A-YLOJ_#\VN#36:+S59J>E$F5^N/RZKU;O-<.2K$(N;F_+Z#.!%^[Z1 MAF%6L"3$!4HDB<>GCDF:<)#<3X7)L_ ?N=%>R3@X$K2>M ^Y!U^NCI*;Z^D0 M;(J8K(WU)HLY-B]LVKA$RWJ92QPUQ9E99>K&GL?\,KG7]66'&"39T_/5RPEX MPVA9$)G'"*$\9Y&D/$=2LG"$$.)8:U/\J6!Z4YGY0FO$N MW["V@*0S].O'9?K[@I..]#N'[;W=:.6D*)($HEP*HLT M2A.>K#''HS@X<+NO'7TY]=+-HSU M-/M#M0E\SKUDV[B;>NW;"#3G 4E[8^KSU03SF0&]>?C*1.B738,;NVT!T&VS M7-"=>C2NQOLE/@9S'0^O3M]7]@#B]KW,;K=VNI[N:_ ^DE-K:S> M[*K-0[7Y-EP>K#?-(J8(19+A-.:D* J<\P2- &22@0J#.#3K^Z;%B/3XU*4% MJP9OVZ-4XPRG^!]+]86I*W+J$WGNE-Y]:\SCR,2'8\_/WWUQIQ6C[JVK>%F9 M*RNS^F?_^E?]"(E((&4I)49S(M"C"G.\%!&&J'9RZ-#K9Z.UV3-MA MNT=K7N7'/?4:,>BE6 =>?OI!" >$FIH$E@)Q3$:4/?F<02GIQ MJ_;<+RWK;HP_Z.?"11BS)$M21 LLU+R'$EXHJY00S(F,$ZUJH:YL>9YH7BWR ML/]AC]&RG@:47+V+4U/R"IM*K"B=IE3&4Z[.1-BN6)Y'6.W,F[?*8%BQ9*!B MXVJ[ZG.W]B?R?U]6F^;#YLMVV8KKY_+Z8=M?GL4<)3A#*!8IC^.8,YZ,5>M2 M(;E6I@;O(*;4O2/D5\&'W6VY-98\QRT!UL++-8*%2#[A_P [Z'"W5T<&Y,$! M^L4$%$2PGK+Z:;/92:XG-T]KL4]>(;4\GT\/[^[NU1_7-^3S;ZJ_92%>9%D> M%TF4TI!G,^Y!)4+?I.;DG1#7U,Y@0\.]3Z^4 M#G7-F/%6QM^W==,LLA0Q&DJ)!<)(IDRF^T1P&<-)8;6#H6?B$AL7'3++[0I- M @UW*=QSYV!SXCQMTVQ)=!@@.Q$P)F<7#1LY\=:^@PDG6I%LEP3L;8T3N8QI MD9*"4IHD:FKB2(Z6HP+KWR-S9.\2&M1!;W\"NI+KBF"-D/4"W,(TJF?01[CJ MBF5 L'H!MLU"55>LZP6J>K2<"E,=DSJ#(-6U1[6_+@@+4$_4$EM(C"@2B,4" MYY@F<1&'0P:'+%'6M6YUV-KP/#TB3D$>3/^?\'9T]W3B M$/4$,6=B5%LJYQ&D6GM1N^U@@##UA*F/V^INN:W6CTKYZNM*J>'J/ZO=;:>+ M7:"V8#B*1)31-$=1)%F.$<LJ7T(FI3XD[%V-X;8@91 MMW\?ZRF[-BPR/US\?O(@8/]C\5>;^Z8<8)+=L-/=XGI0+?;XY.+X@N."1WG$ M\KC :OH.XTSN,88\%I!X?EIDDUWE/O\0(UCNQD(]P=Z3Y__.5=#7R(.M("9N M:;UUQWP;&38_3]N^7E8Z3IOBS/KH,DT^CU75A7ROYS#H+,H6?RKWM\(768)B MQ%@J18013FC(TZ&B8I82*8AQ36*(DMUIP7W?7#YTHM96ZJZ^5F M1ZZOVZBEVGS[6*^KZZILOI1_[:CR]H\%SBCE>192BF4NLYRA/!%)(DDN<7X!IX3'R>V^#W%F30 MH?P_T\;3>M2="90=61^6V_4+Z^[ MG$]=K(DV!TY6U5Z,0THY8UGY*\-ZKG66XSSU1NGYQS)N5=>[89T]]^N.E* MC;EKSJB=QTE,+$S89-3\7=SA!U1LO<$#P/#7/DRXOR:NX8OA7P;Z]V-GVNEAMS%-"BZ+" ^')">&?$OO M_M8G] Z '7UZPCH9P!VP5/^FN;&E5-75.WY,=B7 M8LOF5J[K/YO]JEO$B;*4X8P(*CCE/$O27,2($,Y8&.IF@K&R,=$N5 LLZ)#- M8>_I!4UZ6T[F[,YC4+EQY?0&DRT_X$'U^;K<++=53?ZJFD5;-;N0,N89(C'G M(8N*<+2%6 A:?)E9\'[HUV-1(TBA@9[7F7$&5"!O=$%/TO28\JLSQV3H"(P1 M>3-3%C,?3DF*!2/ZUQ1Z$[]MVD.MZJ8J5[R^6U:;!6,%2@IE*N>L2**DR @: M[>5%R&'W#DRM3*0I;7+D/;3@]QX<^$J ,96Z9_Q3L&@F-4 "/1V_G^#G['FZ M+:+MA1E>)?BUW;0#U<5M_KU;EBC[^UK1I_H=J69MOI#UR[Q)* M[\,K3/*FRE>G]K?#?7/-JI?U)N=^O2Z_6VU4=\OFUUWU?T@J,W#UZ9: M56HZG+H^QH'%,\/2@.IY##<3X+5U-[,X$1\?][?OMU-;REQHZDF,2X[90 M49AF:1:&*4NS$:I 3(".8RX"T/N=H2='N=O1JV#C="RWWVZ_>-U.YO?'D_G# M.)D[B*HNTX,,COKGV'FLK@#L'>KJJ _'7'][W_4;]<<_2@SGHY%T[PY,W2?F M,3%=EH)S=PTNTQY:&6;: E#UAM6;MG9]56_JF_?U<50?!#[@QRA+CWJ?;9'<%CL/RKW%Y735G? M]"D0'_]SN=TN-[LV7TG(LARSUI3,":*Q'"U27#"SD6=L;MKQ-L+L'YAU0(,! MJ9,Q=HJ&\R/+FKS9C"=[3UZ.(D?L:(V=_KUPM;E95MLVQ8\R6JDQW$^]"\%E M*..HH"A)I0S5DC*.1H,IHP@Z=.RL33-R>HSM^JE%V16+[T;/ :CEP#E+PJEQ MXX:Y&0P;1X[4SGL5;(>D#4 _;#XOV]>1[_;&F@411187-"4HS[*,IJKMXUP@ M6>1QSD4..D$VM>%YGZ*%U4XM+;!V8!Q!@^T1&'.HM\R?@C[82MV$.2^+ZQ/4 MG%D?VY(YCR6NM1>UVRX&K3R"!RT>*,+?O7$:7)J84IU#.\J MV /LU^HZ!'LJ\_@V:6-]]<% M%X3$*+P1[I-.JG3:!9R3/?2/,0_<\^%7[[K[@EXW;L?B^-'C(Y+CL MD'9AS/J %7BV[;UI] 1V3JT"D]T1>?"W$7M[I2%XH<:'QCIRX:H[U[[4L;0E MZ6>D>JKFG(> 3^;MR_>@$[)L+O:?2F6PNMZ5JW;"620)YE1DF4Q3EH2,%U(6 MHUG)8M"JWMJ89[D^H0X'D%UH9BO94()--=DCMTY$5Y?6B=3T*5T@N31D>JYZ M:.K.FX)GQ9.YH@VY(IM/Y759?6\31"X0%7DN"YF0")$RGC06Q%& M/(_M1,\)!,\R.& ,RAYUUP.G]@'GQ^5C.PN0_5W4HZ7]0L:Q2).< M3Y-8:K-JV-MWOY@C0.H)#V+1C(K M,^VQL?2N^)MR]\KT.$U;S.!A@'\?ZRE[MZ]$4 O$!6:D("&AZK]MM3XI1@", MM-5=)#QTP!4H5>E^6JD7XSOWX'L'5JU$.4 B=-XFF+EZR-8 RZ;HA?&5Z M!1%Z3DA]MR]SR_KDT3BV_+7>E<=W^@I:((KS/"\*%E$ATR0[QX^J2^[(9B743^^[M\44XX04+)$1CT/$1)HB/ (01'(7 M*F=N?2*]4S^_7?8I#.\'K-T);CD"M50["_H-=<\SY)"^&T,#^]^8;FF<@"*D"7-S+''3.GLNF4>-,MRXDX=[%=.2?I!/ (VJ5TT!PS$4\O MKKVY.^F,/^,H]-UFI[IRU;ZFZ!^X\:2@) XE25"812@543KDB!&Y,@TI]>'. MZ%1[D[OV0O6R!=E47D#M+[9359KFY?OWN("V*(LVD9$6.$A9A3_FK8\G?GU*]%B? M\6(K]=>HTEJF6W$\#T%TYSI@1?5,=,V=/^?. 1PPI97#Z%-Y/URHJ&^V^R3* MU_7=G;+<@EA('*>292C%84P36="LE=0DSM*TX#S2DC9'ICSKV@%@JV,'B$&/ ML5E[,+T K3LADR"L@6-"VS9FF![!C6R_SS)@^OR+]C F>0R\>A M,[673F:V>)?U]@#APPWK#'?3SX*B1*9;/"WDN("'K=TM M#!JLWTUG@*8=3G"52E4/L(]O+[,^/\V8QAK= =TS MB6<=.G1BK>Z,*Y/U^JO;!"P281X2EO,8)D^T:!K^V]MX?-TGXFNY5OT*6YM+=B M>B9*Z,R=,PM[!SRY/Q=?A 6F!>%)AI#@$4\))\D(0")1.+A39&+VLG>*7CL6 M]W4J_G8+N#X-=TJ^]U/PN1Y].SGRUFZ*>>BD#\>,C[B!W.EJ9VN]S9FK_M&^ M /R^7+>![,=R6]6KYVEV%SQ+4BFH I*DH8Q9&/,]!"+S%**>3@U[UL]]2FH5 M-G8ZVJ6@;G]1'J##%-,M[WJ:>3'*8:K)1H:[7QPAO0IZK,$KM3:FU4T(DV>4 MTTN#S$,[_;A63]"A7>@G4:J^W3XJ ?_'1:F MN&"+^P[SY]URN[.13ZA=R"!^#A$^GI\KYE7PM?Q6;38*K@OQ!)-NHYH^F78F ME\LV_.Q1!AW,.:CD,^; \FC*_)QUT=@G+4&T8\RM$F:DD#R/6%0PEC*4Y"J0 M'6V'.!>#$HJ-YF&+&ZMP'1P!NE#!=Y/"JD[5[VBH^6C^LVL7F4$-LJ/?8+% 2M0A(DN4T%G&"!!X?KV")I?X] M&->&?=_V._'\5:WZ>L3M\N]Y;47 G0[G[:!Q9^:230 ]0?W!V ?9:/4%G!5<$KN]* MM=KD%\,9">(\?6KWZ#Y2H8W0C4E+EW).@\N0I:7X*_M=[\ M]&0F'3T*?O_2%8EN/0LZUTX/_IEU SW=_2%Z $RX+]+X7I3?5^.S,^X6S50SZG M6ZZG) =M8S353-LLYE.(VQ:98IYXDUE]_7?72+/4=8?NG==KUSSJZO#GZ]MR M]=!E=FR:A[O^66=[I:GKL0?KF*5)@2-.4);3O""2,S18EW$L(XC\NK+I675' MF%UJU /0H+L-:*NQSGC7D]9+4 Y35%=L>]%/3?K.R*;K!IB'6CKWJO;;;0UC MU%_+'2^WU??EKOK>Z_486S^>TNW?-O77IMQV=6W>;>X?=NJ/%:?JW^FV]9_A M9RQ$"FT4AT*(M @C$B9[_!QSH^#VXJ@GC(K;>]L'9_N03*W<1W]_.K_./W8[ MZ/P.GCKN+J2^>*- 8_&+ YXFB)]1!_*[ O#=GCI+A]GTJ7G,HC/DY=1B93X( M35D1%1$:+$ M<.7C',>4JZ$!_%5?L_$JZ!SH[LH=7D@=?'"Y6'+??. %U$5;SF)1Y:_1?*^Y MH(SKK<.\M>,\9I5)/#V]7O/,+ESYNZP.])&METW3=>U%CM1BD<19D2&>,![R MKH ]#3,2(K60!&5&M+$SH7+W.?N^/@8=O&&,&ZNQ :50M?7+IKF: HGTK) O M6-)20'-NYZ9P%IZ<5#!;=K1?8;0&!G/OJTWY;E?>-0O.!"I"FL9"M.J7LUP4 M@ZV4IR$H#8R9!<^JU(^;_4CZO046=,B => MGU@1.0^]L?3A^>L2!XS HZ!#MBOR;5MV]QR;!4NC).649BE-DAP5HBB471JU MQXQ=W6VC0,C(U(2QT%'2MP- AVM5,ZJA 9)WELUC)&N"/4=-KU&G%3A9<3X/ M+7/ES,GPR0%'<'7[LNTV(1^?Q&[[%2:)64HC'(9)1I7(HK3(2"XRK/0V9DD$ M*J[KRN:$>C<"?;9V,94W2ZZA.C<=S881V3-ZYR-S9YG3TCLWW,]-^!QY=5(! M7;*F]6Q8-+OJKLTL?%,J$I?JK[7O67;+O\KF?EFM%HSF!2NR(D]PFA8XY:0H MNG93)CV,V%;0YY%;P\O&/ %/<"@0QBT$ '/4*U9/:]TDQ,*D[>9<0EX MPCLEIV9/=FVXU7N@^P8'KXB_4^IF\ #7F2NUAZYE\L#VR_*OP^G)HF DRTC" M,BE#PE.9"+RW%&6PD-;D^YZ5?'AB^Z4;#P=8L)#5B#>]\-0W93"MAK+E\3'R M$TK.Q)@V!,XCGK3RX-4'R#9L:,6)7?Y2I5.RWG:/G?=FRV:112E+98I"RM.0 MI9S)'(_FPI!JG3M8&_%]]- E5E;8NMH/38ONR.N!5!O M9::LOFW^L]K=MDGZ5;?H3<4<49&A#'%,68:3M,C3T13"5"OM@Y4!SZH]P K^ M/. "JXTQ=QI2/05M,)F^*&, ;9Z".3-=AC.HI[XG/#ZEO+8$S4!UK5VH'788 MX 6=A^U6]9R]K/]_[;W];^.XEB;\^_X5 M[!3C>0'DBB*%%W@ 7X(?8&J*YD MJ^KVOHO&PG!LI:+W.E;&=JH[]Z]_27W8SH<=4B(I5LT,YG:EDI3/MR>P#"+2)X RFF>QR3*>0,(I7&1 M(*15Q6,/ANU\NT7^-\VZ'HNTJ\WN/6%<,S=O00>'Q8#^MK_@IP[YSQ?! 7QP M0#_9!6;#B3Y7<60_>GZL0+AP]&7MDBMN-36:M^NQKQ#-XA"&F* LB0M&:D+C>( 0#[9E.T]N<0T2V^'\:2FJ$^J&R68'[6W=G$053Y'UOO2-IMDK M?1OOS=LB9H@E3:5J5@KD)5V"W#=L"WV,<4J(, /BC(<4P;RW31#7.G1HQJ+M M0J5FS4MC=FJ83RW]>K>US1#U'NE;*9\>EO?C#*F MFX^U$_775A."<@[3/.:8P1QE!?EM4&+YTI<^R5 M4(UV1FL)3),C59EBY6TIS"Z'++R!""+"0@HY!DF"Q5]CTB,"@&KM1=C$83D= MZZ%K[D9895Y-^7PA74\6>]3?U8;$"*K/R*J+ /JAN4X\K=UWCV%JW:TPGAHJ M\H)P&B5A6HC_IBE($[D3TAK/ ,F'"/-(DSYN49AB4T]L'1(Y4%?['0M_\DXU M[A2$TA#Y?FFB*:=.R)]1SG25[ME:XRD(F"0TICA'.$%1@0D3LKM/C9.<#-$[ M(X9]W>(PRZZ>_CDG=J *OMSQ\$\-59A4T$2C ?%+&.7^X9$X)B1J*44!:10B221=A;BQ*:Z@C54!N6 M!>JGZTW]K=I6]?KGX*:%U)S-4CKF9O=@K7+7&DNM'UUJM!>G#MF.8D7IJ!:K MMHM5+6_%KV]_W0O?W7Q3DOFV7-+Z7BIKTS[Q1B#YVE[_1YX. MOW,]?VK>6/]SOEDV_VD0KI?7HM%^G-^7K+Z?5^M9S!B."]&T"$4)DG,PD'=0 M<\#3?/:MW-S4RI?V30%1IVL?>Z/*QV3T$#,?BC1>7ZLCD+Q)Y);":- MHQ]9T;04O+SS;OIX*.5C7ZK[%L+OY797K;_2>KVLFIW W\K[FW(S"V$,(QQA MF?VE*")I#-+>)@X3I;)[,Y8LKT5+?$$#,.@0!@>(P1\M2)WT:SRU"BFN4U;U M4EL/"=7(8YT2.RQ_'4FP6M+Z'@^GDE5C_'F0I)KSI;;1PC3D_K?YYA_E[KS5 M N4D24C.6!SG, :,\OT@@Y#2$T"F;%F6_!:A48TR0;""[#OF5D_X/:550_P= MTSM,_D?3K#8 O,_%J2' ((L># (FO:GMM#6-@>"ZW-S6F_NY\/NL:L-YV&4*E$VJA!RT/"$4RC F:,;X7!80JJ]48([UG6&"NF8'O8 M@*'"^LC!0I&,4R.&:2X]&#:,NU1;;'N:R]OR%8>K!VFHLX.C/,SC@L"$Q$E* M8XSRHK.#,P25+EP<_NF6AX9N4;F%I*E.(RA3*\VQRY:>NFL296?Y_24?Y];. M!W/GR<+WZ $9X1K;-[ M#N!8UJ8&WB\WS:!^[$-PY(3B(&#AW6 MW?,RS;66W-R\#^SFS;VX+JGZ5'V]VVU%QK60B??7&[HF:Q >C6;3G,":#MUNUQO=YMF@6DK+Q0_6F4X MK"Q\K-??A$/E\N-CNT8-(IX78K+ XICS- 7)?HF!H)RJOY+C(7;_Q\ENRGWD M?""]#XZ7_ [^7P1[!L27#0<7&JNL'D9(95G<0]A>C[[_Z=N4QB: A_#M[R?X MW<;4-BS3;[_F%5/Y7EYW+SK5J4)YR2L+=_ M/H?9+?_T6(]_G];;W2R5CS<6.4[3'$4T28H M!:=DMIL?;YNGF(+7F[O'NOE,GJ67.B]43]<8%+*Z[Z,=:&Z@_5<3V#?- MOXNF,/!A]&F;A.+;ZK8"<"IGFC[B'J1&'I!0>]4+'>U%O\K8KG9WY>;+W7S= M[J!OVQ.GE]V)TQF-29PBD!<18F$J_HA"VL,'.=5ZF-X;T-_ETECC<[ 33G=% M*D(+7Q[__D[VP#7C:6.GW%:3\F@'PBM:3.VZVXV;W7V*3V("O*D6.WEY6;WX MQ]_7U6[[_(#_#(51C%*.LRP&I @A[B^PS6D$"5,_N#HE2/_E]>!DT'@9-&YJ MZ*EGK<+F1H+C!N%\Q^!':PLN-@ =4HC&9$_TG;@Z&DR*MV824K=J+E4OX%PC^'*P!C8F]S%QUN,H\I.M\0QL 997=DZS;GQ%QT" /<]7K+MO9 7'6!SL9B=XU8$\)$\X M@104-(MR"BFA".6$[Y,GGJK71[H$Y7\V(ISJ=,G"G-MXC&UF'Y;#ZSSK^+XB MZR++L!SAR;(+S4A;SBI>LVP\FQ@1R.\YBQCCMI'L833OEL]8-"62RVKW1HWD MQWKW5.X^E8OZZ[KZ9RG2'8PRD$4DBTF.,4]X2%$//,HRI1NY/(+K_]F+(V_? M*+ .A,>!<#DX^.RD#-]HD[%Z*F.JUN+\A,9_@H;BY.S&5 UFLG,%PRZM>LN CI88>0S!/K96W$-ZC M>/Q+",WGGQK$S#'HP0!DT!G59Q"&<*0D_'_O;E)HAJIF4#H'8X9 BHJ"%21+ M&<[3&$)&>P0X0;'R*KN4AH4?;YJI=1OI.C]-0,]-!4!@M)N1?;^CXSJC7 M&%4F#,&P(<9H*-0&'#V.3HT^EICV8"BRY5EMOYU.<$BRG7F]*M=+BS1CF)$\ M*;(BCRA(^U/U-$Z2Q$$=G!F<_F]"OZKV;3VU60[NHGW8W*UVWS2<;V#_H*UB M@K.3#EJ'/\$BP.>?'#=!LYG M1-]+^)UG0H,C[]>53*?#\\;8YT-C^,XO6C+!@*D[E8Q%P^J5 < K^Z/[\4OZU"XCH4O]P_';L,3MG9E>#2/1C6C0,>FV@$>EI Q4R M)!K#LA&NSX\WVVI9S3=5N;W:-/?*7C;[J%*XMH=?+9?%>E?MQ&^U#6D6LI"G M11PQS+(4YQB3+.ZQY3!*=43%#2++:O3,B8O@V W1]KJ;K(\\D17A!U^"WAD] M'7,42S4!]"^,>LII*(+^:*Z1@)P1:[KO!;'U>B=(%O_X:R727]$'=RT4V36:GC'+09BFL@(' MY0CD&8C#/.LQH5!MN\8-$LOCB, ?M X$/TD7?@Z.G0AV=?#9TG\IOY?JQ[ [?R3[PTFZ2T32GG$8\)3EDB#&XGTLRD#.=^=IX:Y;' MT Y@<(10;UYE@$^U.9-;*O5&N3=8]&=N\RYQ9^8MYDCW8TYBT)_:5O/4F$O( MP\17MYWI[4N#8GX",PRBE!/*.<@* GEOD!:A^CTIX\Q87TT2R6)]&_3P-)+$ MD?0I9.[NF--=P'E.VLAL>R21&JFT.T*'Y M6GYOZTVP$#YLY8\W/?N;_54 P?)PQ>A#L[;];R,SZ+.,G4J/S=#L0>YKR)': M>!/44'FY5+46#'ZJG^8KN3B%U_))4=FLQ/<_E%_GJ^(ON<'Z&DV>$C&VX)Q" MC'!2Q"A.4(LF 8A'2KFL;0R6QX<>>;"''LS7S9O!'?B@01_T\#5DSV9@% 87 M3V*B-_+LP[%Y%H[%(1RK)AQEAWSDR&0S1!K#EB>A&C:F60V9VB VG+]3(YR# MB'@P_+GPLG;;SC6W\.?;.XE!_"'?AOTV7\D=GY>V2<@@SFA"8X18E((<)+BW M+<9OI:N0S%JT/6D2Z-IA4'YQA%-S4]T,NXJ;YLZ)U9Q3G>+4GZ4@)0K/;6,; M#8$?2T*&?7JY#6V!,57M:R]UD$ONG\N%F%8>[6MG$&8\!2Q+>4ZB%!4AR/9B M&U&EAZ0-F+&L<@=DP0&:GL*-X5!-UAS1IZ=E;S+GCXZ=YNR,>!D@V@_%,N%( M;;P1:I=6+H02;IJ9R*=J^P^Z*9?53GXURP%(DB2-,:XG3 M&#OVRR /T)KUP!9;(,%I%S<.9U,Q^W)$I.XZ]A&JAKB+8Q;]4:PS])TO&QQ- MNA^:9<23UR5^AMA1/BS2'T:YNN75>KY>5//5Y7J[VS2K*KUB0@9A'&9A',<, M,EPD((IZVYRD6@4$9BQ:5K+#R3"I8GNL=1TJC8W9H3PI[(L[H$A3L5I ([>RAS*FL4WM M@+EA6]!#&%3;67[;Y5.[QB,)\F!'>*P'M;GF,G#N_5LYE_5U!SU_:3]"!0\A M+0C.2<@(@5&<]O9I&BEIK7FK[N;@1U"'SKO'72FN9OV)QD'$1!3_B)-(W CGBH7C2J2< MFNX;IM2#Z;]ICVI[#5 O#SX8O]JP:OM0;^>KJ]L/]?KKA^I;N<3;;?D:2L*B M.(]XP6+$TX3&:0;ZNLL$L5RK[ML* *_8[7R\NFLE>, M6[*$HU]X8C1%\CDU)H:H"&8XY"'LD4!"M8K(;-BW/(PTC\V]\::#BP'+J"8W^:8RF[FR/N:E%VWJ3JP^@^DRJ;C-P?F3J5CU4>HC+))O* M:R;-_8Q?YG^]U/R"P9C0K* )P4Q,"S#-^PH.""#7VC8<;,3VVD=[FZD IGLF M=#AMBHL9+AC37+#8D^71>L0)FLZM.8QEU@^U&N_&R[4#,[PH)W]E\P#0I_*A MWL@$].UZB8*'<09Y&N:49GE$PZ+8)YX%UWR6UHA%VPE>"S+8H]3,[,RPJIC+ M.2=4,WM[R:4_NJ5$W;ELS"CU?BB:89]>9EP6&%/5NK]ORZO;8KNK[N>[*K\OHXHI#"+.0X M)%D>%U&TM\IH2+1J.D?:LEW5V<&3;_2UCY5JEFZ.I5)-9ERRJ*<[KPGT1WG> M8>UO*SB-,J2TM[OETU3!/_4+%6_JOO)09:3- _C),H9%P(9 M]7O-$"$:*N_YCK)B6;%Z;$$#;N0VY#@Z%?9VG3&IIUH>D:BQA^N,S&%[MR-( M5=NS/>?_J;U:(YQYL$=KQH_:=&O22SP_EG_B_8,%UYMZ+;YNDS.L-# +J,YZ?@?4GL]5E]$RJ:RTX?N2^]MRK'35RC>RXEXQ.,8[P M='KQJO0FCDB<9I0EG$.8QB$GO,? ,K5;>NU8=B6N\TY<7SZD,[[$SWPP%/+M M2>.@)[7?90@TLO5)0S$L@S<>$K6\7I>I4[F^-<8]R/_M^5:[:+/&Y@E7&WHG MFFQYN3[^C6J]J!Y6Y1=YO[3 1$@>I05(&$))E"" "8H!3_(TI$F>&9HT&$!B M>9 [F\S*;TY@Q#_56UG.4UC'$8LR2.&>+@9Z0FV4?BNJK,7D M&16V$Q$_5->2;[6+-JVGJE_$;U_=-FF]F!#^5M[?E)M9"D&6P##)><2R#*^&G &VCHA?D9XTAP7GTI>@<280W@1_M/YHZIV;F*KI MHW?AU--3=Y&THL,FV#^CVTZ#ZX?.NW6YGK SZ;ZBO%H\KN:[!(N MO3'!;J0LO>H\E.'YHO@M'7ST*[8C;\3MZG=D8LHB%-(:8A"2E!--L M/ZQ \1/Y'KO19H%J>TNT$^GJ>^P-VAS3)-X/C33GCO(6 MUR">;%6NO-_.\@)Q&">0%@R+_XO#+-WK,(IRK7.\]M'X7LD@/0D: M5QR5,V@$TFY)@YT8.BYK4 F?5[4->]8MU#?H1]1WC3?NKZ$ZAZ%,*]1LA0D8I,Z,^ M'HB.KMHHL^BQS*C[H*(OFHRHG4^KG^8K>04T7B\/5T-_*+_.5[PLM]?SIZ:P M-**"$AR%0M(2FB#$"8>=99 1HO1HBDE[ED5GC[+9^5T&"#4!\.BAGVJ+;7 M_/12TD_E;B[FX\O^UB$Q:CW>MYM( M0:TU4P/F[">K/:)@V4+22U9-,*J6N3HF4W-TZ, %^[O,?CJFM@/XL]NL]GW& MSJ2X!NGV(]\UZ5!MK6EJ;A$)UX6&"AK$+WV]7 L%*+>[R_7O\TTE9;3_3B%T M=O88VJ#IPNI??&*9;<==F M.J8UMVB>D]SCDELR/=;#-UNTCG=BM)@\M^UB)R1^"*4MYUYNJ-CD4/F2_\5= MN7QW\IF3>MULY]SN7QHH_I)/GY2D7 L9WS5'5@_W%C FH"0HR0O"4P0( M02 KDH3CO* A3+7>9;6)P[*T]M#EF9\#>/FWPWL<0>= \%/GPNE,R'V8U%38 MEPCI2?*PX'1W $SX^L!PLL^HMHL0^B'A3CQ]^7Z!,W;UQ5UDX>5F4RX%CO:) M6;Q>?CB\)O@"#4T8CZ($(ZSWA9PF#0U'O@3=:T4)O5N2. MP ]5<\-QT57RZ4(R7,45HN&1?&LQK"3==F+FFVQ;\O*D9-MD55^NVZ,%U;=R M/WI\FN_*3Z6D42!JMA%>0(II$2$( 8QPPF","PC##A)+0:AU@LLJ$(?"O4=_ MG.Q)!X+G'@Q5;QMATI7PB2,T7,=5@^.1F.MSK:3H%D/HFZS;=/6DMEOG5UG@ M'^_OYYNGJ]O?YZO'QBQ>K>H_Y7&R@^DTA#Q)"H107.",8,A3WIL&85QH";D) M@[8%N\4H)6&/,MC#U.G]%CE75&77=&NJKS&F[>BL GOG]-0D^9[HIE&77NJC M>;ZT=?"ZWE;2LKS3ZW_?58N[S]77=75;+>;K77^DX._KC5!J\>U_-MEYMWZR MO=Q^*N?;>BW:[)/XF&WU3+^3).4TS"C'*8HCD/"(HQYWD<=:)V&G1^M.@?'ITQ.G:T2=UZ5X-*UK+VS@:]M^:$?+I&HSD*?!?M9? 0XD=3 ML3L2V8J@RC V>>OQ; RKN? M)N&;[6XS7^QF%/$XS!!!(.DABVS%D6N1]IO&NXA]DL5 M?_0H70N3'H?G9,92-#P1#5O>O90 JRRJ=NBKW5VY>! LGO7\ MJNWY/ZV$%S__32]U=1$@-1'V+#9ZNMR&Y4U!_DDZ\'-S<$Z*MDPRI]+H\12? MD6V'\?-#R5TZ7$_65\SHOK6LUE]_G5=KB?9J_;ED13E/5PTSYJ#)W[@?2_^_=!YW?0.AZTGE_T]Q+/__)C8!H;P@'#E;-6X_<@ MYHX&Q:'-<5S&#GB\WI35UW5[B\?BZF1D,G<9[ MW+CH:ZB-#Y&=HT'O:7#D:E.7>>2LRN!XF,'Y,3H:#.2 @7**9N3WF#D)(XK# MYW31,K%4^*EW_W+173P%;T4_LF\]^KVD SL\;(4H$3,A B9K-2C+9"0-?EKEN.-+<,:3GXXUM;!NYNMZEN'G=-A7#]]JGM61[1)$S5=J MXYYK;%I3Q;T;R@JHN&%S$>R="SKO@F/W@ET=G+A@0?/)'=>A5QO\?(ZZWI W M8<#MO-QC-C)GQK>IVH ?H]IDWK]\^&?2*!@8P6:<%W$,$$T@3Q- 4I3@_OA* M@J,B-S0:O6O'Z<@R9$HTBL31NFZ4/TL:_5*1K^?NKT0_0^$P,54FWGMA5/=$ M7>0TV5$5K/_U.-\(15P]\6H]7R^J^8K-=_-]K41*(A@F&0<@ H!P1D$&&Z.H M GEJF>P1EJQU^/VP((]LD!"FZQ0Z3Q39SJ6(8K]Z%NFG*FM-,.Q/>QR?5MO M[ML3KONRJT%&X4][XJW3BGWE4\ YRI*A^KMHM5O7W<=+=OB;2F ML?NI;"ZAI?5VM_U\)U)7,M^6R^OY4U.B=W3_5DKR,.%)&K.D &G$DKB=HJ$P MI@74JGRTC<6R5G[>"1"_W$ALQE^N=Z)WR!.2 M[0U=!Y1'][9P(K>+0(8P"#D%">LLXS2&2:1UP;<)>Y:U^EJ$0[O4W B/:MKK MFD(]?3V@Z^\1/%+ MB^;>/VQY ,*S,$,)@E%* (T)!EM+RY"E%,$N8[*6C!O66F/D,J%N]X!/2FU MP;J:G$Y,N)ZD]F"#8]*EO#9XFWOJCA!/J*OZK)[15HLA\D-?;3I8.VONNF^S M-JNKU_/-[OCHV)M*GX4IAPR0/,OS"$2<9B'(BB(N$IHC@K7VJTS:M:RL_;9' M@_7XI*FA_-5H"-34=BKV]636(/&67GI59O&,K-J(A1]Z:L6S5X_ VF)/74&W MNTVUD%M4\^V=7),0?Q3_\5A]FZ_D*L6,)PGBK,@)!!GD*0QCFK9O*"*1.1=: ML__1QJQK98\OD,C:%3WYQ1%&774<2Z^J)#ID5E<'1Y!J2?G.DW56[@SQ[(O& MF7+GE; 9Y4E5S3XT5\FMEY]D KKJG@^<%21EG%+"HTC>K9/& (6]K2).M*;6 MPRQ8UZWU+BA;+'KZ-) P-5&RSY6>$ET]E)NY7' /&F1;>8Q<$%>\0YP5#7J3 MFS/",XY+/]1FI ^UR=:EJ2OU=GO8K'DJMKOJ7B1NS3WFS07D\A=FJ*!9(F:U M)$^PO*XX07EO.P:%W@S3C$7+NB,Q'&UY/ET$/<[NM8/V;0+Y:YJR9(9O19ER M3K6>;)E@V8Z&J1!W3M.,$N^)QIGUZ:7F66#L/0T44]*O,SE#70N!H/.'2J@M M?MS=U1MYE=V,9BS#@%%*,PH)1(2&H#?&DESI&O21)JQ7#+; _C58M- N@OD> MG)JNC>7PO) YI$]/N7I, >V)PXZ)6]:+Q_M^-=H' I\!4B;R ":8W]>/[3,; M76N4)XQORF SKV0I^\U3L+LK@]O']?+?5$<#Z7ZC\5'<*?QY0MZ0=$,,3JOA MIIRHC;8JS4RU6LL*]$VYK'9\+M_JW#T=BHYX65Z7&WE 9?Y5YLIQ01!#G!8( M%IQGJ8#1(DA0AJ!6OFK0KNVL54!M3H[45PP!L(P,$!L6;R:C($BBGL M1.QK)K+FB+>3SZJS>"ZKM1 +3W);&YZ]S'"ML:?\UM?^E,[Q.1Z\VN.0 M7]"X?!%T3E\$K=ORDM#^/N7>]:#S/>B=#QKO-=_@]"@LJL_.>039WFCD:2.R M\PB>NXB>&1E];%=^C*Q>,O/RX3X?,9H=V=]QX.IQM]W-U_(NNX^/]S?E9D8) MB1*6X##*E!!> Z"(0F@4-CZGF VEHY)PT>N;'1]7A\O)QH/?G:*;D^C5P M7>;/";V],'JBY!8=?/4LN&4NIYLDA#E,$"48 Y2&*"9IF/=C1L%0A+I)0K%> M3C5%> ^A_A2A=\;4!"']KW31?#@]$9GI_+>>+NI%PI5$_5YNY<++>BF+)F6- M]I=:?NLU_#P*(TP2AD(>A8CE.*5I#Y_C5*MPVAO0EOF\'1;MPF M7_N1?GV? ]VKP%@0]>@+S8M(MZU'(O=C(O@C^[ M_YEWA3]D7_CQ8J!YSU2J<[W\[:PJ>[(I_ M7_5B9N+H9E742$OZ,895XZS86T$UGE=_[[4VE(C<,01&#F+&\$-TP2J(X MZ8K<6,)89G:RZ!:ZFYEDN70]VCIN ([*M:>+_805VV^4(GQO@[#1N-JLV[;3 MP+Z3(7DBM4QC A82+F:2@,$04YC&GO%,RXUKT# MGKOBI-C$LS5'VZW#EQH59PWC>ZA<^;YF3E9C/VFABY%&^6/D *[()0+&@NZ\\,99O#TI MQ_FA1F_%.+JIWC'2DGZ,\=@X*_8J?0Q&36N$O7D?_8WVBL*G\GY>K<7WY!4EG=/<,^O90-^,K06YF!KUB= M9@G:BPNG'(QFF"0A8@7/"P9$%I32-(&]@SB+L,ODP:%;WU%.,6+UUI>$PV5[ M=9.'>-I4O\L]AA\E=S'7)BRF-!,TW!\CTYF".,,)T&2Q]Z>B 7_]NFEN*+L4 M#E7K;;7X?;YZ+&[+PHF51N9F MA63J]N5K3<:/LMHQ(+X6ES5LMC:/,@9?&3*\4&$_FA.<57N1U60YSK." 432 ME .4Q#GMZT\@S*G2B[O3H[0\XK]_#FW>)XT70;6?C'US/_T?$6@WTWLW,?:D M/N*[GI>?C)2;\X<#6X='H^2T/-@[8S@J,DH/Q+\[<-^H[#"T5__O[LKVB/FI M>3V$"<\8#@N_[Q]LXPZ!_@[V-8 M[%:U6Y^;1^5;K\=NF_@7C]FR7CQ*"PV('[0A/?/Q>V]0+[(O&9DFIXKB+J-R M'JLW,BQ_V\NT&9?'O-2^]_3)=BJ>XXUFB A\"$"!,8D(A B!8@\X3/7+'J:! MZ?)LYLC$RP.VW&\ V(RG)^O\TZ\X6 F5FR7[H>W#HS6'B8FPMP _+C:J8UQQ M_["JG\KR<[GY5BW*MQ=-/M;K;VT5@82Z_5+OYJOCG]-ZN_M8[_Y/N?M4+NJO MZ^J?PKEFP.;UION6_+UH!O(P3<1@G:0II8A&:5+T%S*E,:1:&_&>0;<]%G;> M!IV[P2E%O0CV/K?**13SF>)*E\7O[(*G8Y>4M??OZ\T>S7,ME35UZVW9YZ8_B%9.(8O*4?[!%5"=!U=BIQD95Q4> M0GUORVKW*/IM6]Q:;9I/V-^P/,L9B$!, 0D!"G&6H8SG/>XLYTXK/<:C_8YJ M/(^<[W<57J[WM;6X*1=QVU"F6\09UT:\K!]Y-W06ZTC,-1L_QE>/^#!< M5V(Z4MZ,MV=O_8IC'H915/ ($107.,VS?HC+(.VN!GB< /]C=FJ/B/F7V8*0]_B?)+,QPY3KK,!AAI8K73^6NVC3(/\^_ M5>NOVVNA- VTK,E>@-0F/%[$1F_ [" W86A !\]1!SWLX( [ M^$,B#QKHRB)L9FHQE.$SLP+K0?,CH;?O9NVX,^B)]]5#*7-Y>31[N^NR>[DI MO=T/&DEV'_IGT)_:5K/44S1I M[NKVD\B8UH_EWE:&61ZGJ B3 A4H+4(&HMX6*!*NHV+#+%A6KNMZL[L5R6$= MU"WQ]5I7L08RIZ92]DG34Z:FD+6^#3I$DXG1F[R<$:!Q//HA.B-]J$VV+#UQ M^54D:)OY2J@97MY7ZTH:DS.T3MMF:9&PE -,K%Z;"Z"6=?K7Q;S[5VPW8EL5J171QM W>\'/RTV MY;+:_2S[Y4__ J+L9[F9(SM.8^5?T 5"L/M6]K/;?OI.-,[T6%-Q]*/O&O.F MMM/:M781MJ7XQ3LJALK'E4Q5^EE9GZJ0QVVU+K=;)L1E53_(*=HLXG&1Q2#) M81R*.5F$..^S%@)"#&?KYJ#A\HOB/1AV4"AU_KSM_*\ JZ?WS=+(OKO_$MQT M4(/E >OH]>@!_)Q>C+9)MA ]&N?\UN()#ZG] IK%A-YP^AO M[X7.;[>S L BDNO388)YQ$(*8#_YHCC.L++P#OQ\R[(K4 42Q\BF_K9SIQKZ M2"H\:.9C/:C--0S-31*9U%PV5F9Q2A@/\[#(09'!M,BC''<6&(U9IK4=HO&Y MMC<^FDR^Q:*YSZ%#CN*.AB5>-/AFE$(UF7# GIYB](".RD:FD(^W>3FC)".)]$-4QCI1&VU< MNE(C/_R#R&"X\$O>DE^M'ZOUUT/R3LK;>E.VO_=E_E>Y+?[:;>:"U&H]WSQ= M[LK[[4?!D[Q?OUZMVFN'&_PS$H=%R&D.L3Q_'45I#/:(Q7"Y0&F :HGD'3KQ5WUVRR$.:0LBK,L2B,"HC##H+=&XQ1K[+",->5F&^7: M*UEYQ=*[DC"<5Y^Z\P@OWNR*8UE1[48?R]VA[^/=;E/=/.[D)8!?ZA/=&5&8 M@B3*XDA>P9*R2/Q_CZ/@?+^%J=:WS-L?T.OT%_!^:OO9S\U*7C _PBT?$%T_ M0RYOC6V@-Z=+MX\WVVI9S3>5ZPZJ3?69KFLO;'YT:HO^U:XZ@&[EX_U]O?XL MZVM8]:U:ENOE]KK<-$<[Z7Q[=SVOEC.(*& 1)T5"."X8)W'2FX8QC#0+(0T8 MM)S7MQB#!N1%L(?97%C9'C6_""360(+5K9#V4TZ]*K:DSC?"E?4K.X*Y>/J_+JEC_*P^J_5>OJ_O'^D]S<7G7' MVN59]GUE^H=ROBVW7QJIWI^SR>,TXA&E"">,@(3$+&LOXD0QCHM(Z[R+&T26 M%;1W0E9EMFX$G1]!ZTA_2\>VF;X\.(FAFJBZU_X]%1Y9.2"/QI/ M@LF.-1KA_XRVNXVO'^+OV.>7-Y%,P+AJ(0O>;LO=]NKV\H$_KILZFFP MCX1JE""Z)'98)2*OUO/UHA*#V5;\R[(=SH91K5RV=8Z2,_5;1ICTHY#+C"NU MA9:F-V?XLA$#S./FJ9FP_-:\4SUC+&7R]%C(04[3"..")BB..4PXI)1K'>(: M\OFVRSLZ2.UL/?BC1:4H0*-X4\NZ;5.FI]^Z;%E)A-^@Y$Q:.X9 /Y+441[4 MYIJ3GI;@A1B_'E=R.Z(I&9&7[6W*.WGAQ[=NV[6SGV8%S7C&XXR%( MV4_EFK".PIBS:EEWCH!VQ5'/H 9]!<:'I@)CF"P9#(&:6$W#OIZ$X2MZ&> 7 M&US7\XV\QV@:/5-F[8S*F6?>#^VSX%=MN\WJZ>2GOUN6RF&_6\L:SSAAB M$,)"EI#>&HU3KEN^!)APJ("MOJT6ET &-4J@F:@[8TU.P'E#0 M(YI(M]XFYHQ(C632#T4:ZT1MM'5I%L>\N0'?F80L#G,>)B'$*"Q8F.<,]"89 M2;72L%&&;"_J/2]FN=P7LPP3GW&9G(B.3I'TKG*'Q/<^B%- M9EQY6<]CCA^-4E@Y32U9V?YYV>Z@W]4K0>"V^(_':O?T2>#A]4;>RS[CE$$2 M,4YH 6,>4Y&:L7UB!H%N4;]1VY;%K(<;_-0#;FX).L;\KT&+.OA#X@XZX)HJ M9SPD:L(W933TM-!"(&Q5->LP>K[:V4IL_-!2:]Z]KHZVR*)RL= KFY?]767R M[@1Y1:]*)2=,0<1)'*,P130K<(+A'AR&<3I[:![(^+R;;W9JC+]EAY?!'LG@LZ+5PN$)U)=QQ5 1M@_5P+D M-KQ^*+UKIU\6 4W!^8 B^J9F=7OUN-ONYFN);E9$C' <9UD19B%,"8F2?M\H MXS@E^FH_RIP3#>]*N[=M:?>V 1G4!Y2357._XDNMBGLXS7YT7C.NG*[:'LO/ MH&-KLQ2G.(Z*F- \93&&HB_WT^JL@%DX^U9N;FKEQ3BMS];I1LH@9I4XS_F1T7Y]>WQY. M%3E^6^@=HSQX^=C-:#:TIO.7V^UCN62/&YE)-OG.[_/58_FQ M_+/YR7;&6002$J8DI123?H\I(YAJ'7XT8]'R8FE;M-:B#%J8^\=Q&Z07 M@<#:_H+N21TSC&O,PIV2/6"2/9IG>U/H]ZA[;X9LC'H_-,ZP3V_-;PTS-JB> MN4WE\4+,L3?E=WS17N(>WL1X/=HM%\ _9PCU4+H@4)SS+,49[4V'%&KE:$8,.I:K1?

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�:8\38TI5O2MZO#!_D:4>("-[''M5X$@6OX7 M]BY]/=P'KW R#3)!$I-%W]!P'8UDPGK?V*;N!L_%!<-S*)=>81CZZ$3&, MY&D@-_=13*O8NI+PCFEI+IYW]0M_Y![/96=&',N )\S!9\+^O>@\H*.&[1[) MOYO-DF+.J'V;1-,N:(.1_(M;P>=W=;1[9*91>,7*&+$?[$PA_%AP:E7!EK_#@]5@W"&6&+J5H11?22+X'L6W?1RX;-K#,=+_Q7?;+- MS"#UK2@W[;(=$KQ00U3T41<2^)='0M<\%U]&!V%NB)''<1;/$@/=X>H9O>.? M"K/9GD/19Y1]1MEGE%?/*'_7O^%]\QGEEVJ3-^G'K)57R OEA?)">:&\4%XH M+Y07R@O58Z$\OO)KXRO7LYSTXPV_=9RG4WC$\4GPV_'%R?#\//CMPW T/'V_ M FW%8!)-D@A;!L11,;D*CJPX_554!A,LSIO>&Z[G,K#X2SQ1-6!)55K-(C(" MW^!##MX\6=K_*I>+CCLUW)E_N4--?EA4?_I;=?5??X4G_.W)[R?"^6E$\?E/ M.%MA<+A_\--61=&_J8C@3S_N??_Z\,>#PS>;#@Q^]V-W\.^'[C]]]^;;C OJ MF3W\TU:,=7 T.#H>!*/A^7 P.OH0')V.SDY'@XOCTY.NP-HWLM)^?"]X?%Y1 M_?A>Q/B\HKZL\;V]_7E;!W<7!.2OY5^#O\=9EB"!Z:]%-)MY77[QXSN!J^_6 M:O.?_N;U=5I?1U"_Z>OZ&ZA3?]&YZO6_BV1'@RA,X+X 7P M G@!O !> "^ %\ +L#4">([HE>1K3M5#%F]-%R_ZT4T2#K]<)>.D"MX^2:DV M)U<_4ZK_YWU>S+'$0'@QK:J+_]LW6==0YKX)L>Q"E9-\+QB]"OY_^8_,:N]$ M[BEAP,GI13#\W\/1T?'YX.W'83!X?S$?W_Y]>'017)S2ES^=(6 ^&%S0YT[YI]/W]-/1Z:>SPH]P;P/?P2OOH\.!]>!.]/1Q\/GD'3S@:#BZ&,#OCXY'1Y\_G5\,3HZ&YZ$2\NWP9/C^^.AX\/'C[\'I M;R_P]N"P=$_/A^/CD]^12G.X74[,!\T2?C.X/@\> =?Q,];[]PE.6$4 M./#SX3\^#T\N@@^G'U$.&"9]75[\:? [O!P&/0Q./G_\2%_\Y^DQ3.'_L>9P M-#S#DH.3"Y;KX@.\5_Z$XSH&T6FI8*IA(7X;PO]WC$@-X[/G;IF@/OGET.GH'W_P(J]TY M)%SP]HG DCD84M<,JK#SOQKM(_TIFGV>>>5H)M MTMHUC[;>B=A3@WQ')5%P@?65$YY38A*/*GWNN?\)N0'R95*"9T"M(K&4LPP5 M=;+UI_PF8Q)EEU)95M 05D?C_#H.F=M:,S$+3QP_E)\D3:0;C96)F30TE.K, MYF:U6Q81+J(OP5OF=2.BU#(NKJ7[6QIAB]I(>E^J(LW@X'NNTW0Z>.*'54/) M,!C'U4T<9W=5PX9!%+R+T^@&N?!L-LM:7U!%Y,H/EN:%BR4,CVGT+@K0#M/- M]V1OL(>/GL73N" 2RPE\C*>^HH].U$=A3,)=![>.S.WW*LLQN+1ZD1*UGFY+ M/RORN4/);I.Q:Y[K-S_O[P=G>Y_V@AU,7/Z>%W^$@?H7?1;[D*J)%0? 89@5 M2:A30%2D"3+N$2MRC2P^5+S\.?:1(^9R_I=>:7M,P52*C:7M '>]6\(JE#$I M,VH#_!*^7N8%=2^UOQX2XS[\]Y5BW:^NF-L0N]+=!MB9%UO79DB96Y:4\7U: M+V!7R=R_Z2:Q]9;.N!1FI6 Q)O3B/Q\<[DECXB[QFZUIS]1CSO Q1A>HF?," M]TM6L>*B;I9+$ \K$%BFI&RY=9@FA^IF,DSCB2K[UN_C?K I+='$^O9T25T6 MN#*)ZF3?+L:.XCEN$+NSL1$:2S6/4QZRYI84P[/;M%GJN>[4 M67T?FM\H8EL2?$#MRVT&*,16I3&U+:#7-5F>L7<'6$RJH0>E("U'@\;3IG8N M&SVQJF02N(GOOY=)8>UEVER3":TP*U0$UB>YO 1]!L4=$I$^]@^FUZ#]1?,_ M!(I)IX!TB*;JU$>ET2.+%(@S7]YSR.L(TD6H-)D8SCJ;? ZT+QATQ8P;M=YPDWLLUQ8V1 MKGJ2+HE:O7XF>EKTAXIUT;%:26DO5F3Z/C_TDL>Z*NW([OL.Z@9:(U"?1/<9 M '6ZHB9EK)@0AYO^9RB ]348D+R!ODS=OKBA-=Q+P+=8 MJ)8;VB,#B=-DGK"K3>-2O\['L"[\:[BM+FGGX/N3^7R9\4;"=RV-5Q[7[C+. M+4XVK\5E;GW!6I12S6>K6+(=8EFE.O+("#+%8W17*^7^$F!X'0CY:;XZPQ M(]0I+,7^#+HG.9F%&U#C*L[(5XY+'7N0K_I]O^D$L<=M>]RVQVVO.L*WKP[Z M-SR/V_Z6$#J])#[UL*&5Y'L:;.@9[AFR1_H=&/34X\18A,LDLS@U.X298]F+SCN3DCH MYG F^(S=I^!"%]J38SZF7D9AR:5 M+LN2 !6A)VG.T:_QLH2)+4N\X&)TA.==)<)YK? C%A]HG7, M4=I@R_O>YE%!<=1W"9B=*B_J'5\#N"Y>Y47RWRB.SCRHJ>"546<<_GFV+,@\ MJ==PWW>P,:":SJ3NY-**,\K4KSCZ@^8>;9(5GW/>N'ZEQ0 MPK'KI]+M&TB-4UM;DQOOG4+V=Y^(XW<'EJ75)^2.O$6SWRC^$CXK[L),[*U< M 6Q7\]Y<&6^]1LJL=ASH#)KM4H@FD!FM;VD%ILMRY>["UV#L<)S \87'LZO9 M*(O*B\0,-RF6/ GP ](X:K/AY'E#=?R%/ X[TR';'(=JS[\9E4R;1JK0="N_ MV=[R4W-,BB#<\KGB+/AXCM%[$M9Z6ZDF:Q['E?@=+#([8I>XHCC2F!T?N3;B ME_6O)2E]:W6LB&2OYT5HGVU\UJ*P\KK2I$*5I>1VT"B*(^8.G'SQHNHR.KM* MX%8MA-&;1)-.)16F4SMZ9562FK.ZU<+?X1Q;E[,Q8B&-]>JRDKVS #TU3%UI M4IYQ],;&Y'W#8,#J]P4C76:I(O,;B,T8K&'9U"&7ZM7G)@TPOU M;0K5@XR%S]CZC*W/V*Z>L3WLW_!\QO;;$N'9CR$O@!? "^ %\ )X ;P ODWS M5\6A2HJ*W(J(R:P4SU OY7!P35(\7=\_ M=]O'YQ?R98VOO1&R7\67-;ZN%L!^'5_6^#I;X_I$E[^$^4M87[;ID8V&^SGH MB3W*X56S-+_Y^2J9@K9NKYM7'ZALQC>O-Q<;[,VB?JVQ/NL"KV.+GGXZ^WPQ M')U_0*+GB]'G\PM#X4V7F,'[:DN;:W^;+OGZ1?2+^0WOY#MD0N_ MBB]K%;LB%WX=7]8Z=D8NOHF%[$%DYMGA1B\[-.1%\ $R7XSSS3G@&RK&>=V_ MX?EBG&]+A&?W![P 7@ O@!? "^ %\ )X ;P GCYZ)?F:4]6#Q5LIJO)((>C' MKE[N,=PJRS@X3Z;Q]O=VWYA4](YI/)'>JS\3$2U* @]_?SKZ1,VES\^/?SWY M-#RYZ)?L_9S1/_UMYR(7LDKJT*G8PZP6P,+JEW"OG[[)+](A5SOR+R*UL;3* MZV JW]OMVQ#Z4<$'&RCXY^#CYV$P&AX-C_\Y?-?1/;I6"BFLL26&AD/52IIY M@V4AL#%4E3_W^-88]7FT!'TYHV"[GZ6Q=!F&;V;<21(;Z$T+8B2?60TIGW>C M]&3"7KH0:]Q!#S$'#_Y/%Q$ITJU>QD2H2FT^D.F2HN/P!\QB<[,\G%CJX,9L MMDR5/LUCW:@O*8KX.I]$8VRIKMLJLZXO%CDJ?XM,$;+)5GF1Q;>OD@PF9%*% MC2,%Q4JRUAX1S(XZSO,_-+>O?!IWVM1P2M/0J(/@(K\1 N'EF*4$SV:UDORM M43BNP*\O$O[/RZ^][_/-Q^>3?<'%%N2,US6^R0GDV2!/8/ MAXF"3_$4_#'DH&^9YN"LR"^+:,ZMD_2S@C2^CM,@FB#[/9T";MO=__R/'P\/ M?OBE-$Y6M#IE>4\/UE5C!7<%P"Q'M%]"]Y8P"_,9M5UI M[;;6OT7IJZX<[@:4W0JF2VPYA?,N[>YY.L=X_?\CRV_2>'JIN\!;VSG$3AE* MEZ;)U/DW*E8T42V<'M=&4'>+4J \WT[6-_2Z'L#/TVN."IPW[[UNU]@\(3&S7BC[@:K]E M"[PQ-'\_[LE;)\5C(RQ9$(,("3HG\A?J>:SS0'"_",91]D<84"O!<9'_$1?P M S4PYB1[FL-3(G$!8=T=MMC.B6\L<0D&7:K$[_<:3L7#-#3QC:MB^4X32;J3EEN=6UEF/]UW_AN?K\;ZB",\._7ZY FS^(/3X]TWBWWONR#Q2 M"/KQH?DJ]I7[)6]OP^'.A4*YVK.\B"]S# \/*"\RQU[F>">PH]5T\X %*.)R MD9OP.2,_R^"FP*;JF>G[#NZ\1-/;H]]P?P+OH: M$F?PQ\N8Q))6UI.K*+N,@YNKJ"IS?,Y6A;0W*=8Q+P_,64:P1Y6FG/!TEW&% M^H" R3'?V29YE,36I%V@E=Q8ON,V-TJ#03LX'\^@VF,;Q MG'[Y-LYBO+=%:7!ZDYE&0NW9DQBQE-'D"GYNT:.*R@X>G1@AP">\%C]D0955 MEDX$,CN# )\3T'_T_-+:>-KDIFQ>I[P90C;QF==YPEE(G&4E!]W14/&_Q,4D M*?%'K]]/L7#;"4KIV6INT0W"!W%\$,<'<9XUB/.F?\/S09R7$,+P G@!O !> M "^ %\ +X 7P G@!O !> "^ %\ +X 7P G@!O ;%E!D/=9&1F' M'X='%\>G)\'%:7#V>73T87"^3;"?-7*SU:@8DUG09#<4;($&+Q3Q OZ",FC8 M1>\X#_M2GG&1_QP,C@9'QX-@-#P?#D 7@Z/3T=GI:( *N@TT(5^1)\&F6(O3 M>%*Y^FG58G:I:CO"#!ZR6!:3*Z0I1'4NKR+4_7P6G!6QU/N?8SE,D)3EDE+J M&KVFW^XBDW:H+GMR%>1$+%?"!H.1)K%F:5-PI[S02"+ZY$*5>"?P9<0.C>,' MOW67\$$%UH*7%5-%6* M>/=,224CE&*9B -+DF/M8JWRK&B74= MCT)LF60ES'% >+%4K?3M<^]LU"M2*$2:X4,1FY8ML2CKN47KAVGV[*SD =S) MSOJ"#_%G7Z-^J.K627',I.!BRBQJ>SC2TE3X>XC#]9$L*V$0!1GBW9K^ 1Z; MQ 3I5'&8'4;M,MO'CL4YAL]3[=F,?T)^I)7[R5;YW7Y@/[\].>GE^+14GB> M[6T787U&K(-SZ.5,A><:_G:D./%\/)Z/QY=RT23X4JY-J6+PI>Y=N\;)_"O-@V+[ZSBX_#?:7.+M_]<$=GEQ[& MVGQGE^?H[-(5T]HNA>AK_-5W==E@$G7+%MAW=7E94ISXOKG?#%#FV0M]O?/L MD]@^B;UZ$ON'_@W/)[&_+1&>/<'A!? "> &\ %X +X 7P O@!? "> &\ %Z M?@K@H8N;A"YNM^ZL%%M^I CTH^_SN2' XAU]/H>I]&^$OYPICC3?\?/YLXR; M$&O#'3\5JM+W^_3]/I_;TFUG,KVGJ^FEV*HLDQ?!B^!%\"*L402/0?(8)(]! M6AV#]&/_AN$7^M$%M R_7"7CI J.>B;7L\= 6F0:G ?GPXO@_>GHXD-P?!)CXUP_PE^/S\\_#=\'I*+@8 M#4[.WP]'(_CQXC3$7_'WCXX''S_^'IS^=@)_>?M[& Q.?@_.AJ-S;('Z87 ! MSPB#WT &^L;1Z:?A.7PD&!S]X_/QZ/CD5_79'13S\]&'X&(X^@0?&0V#=_!X M?.J#9-Z%MWP8PN=&P=%G$//D J1J%1$E@2^]'7X8?'R/+5OIM2(&2OD[C>'\ M\]OSX3\^PX."#Z1?\\_3X7;_6>O4TR/K3^-^R MF.N7ZB[PX?GG3Y\&H]]1IVD7]4OR?LXGV,?N'KG/*FI?Y^MN.^RGK)^*[U/D M/>*X.[PC1?[##T](@XNXDB4]6'P)RCQ-IL%_[--_UI1GE;?00YKOD+_RQSO_ M3$O=^..&$_ M6_(,H<%E&^M8K^:ZC[,)1^8$=F(4C.(RCHK)57"4(\Z:D=H[ M"#1%A.GA_B\6WO3PX)?=X"HJ"=<=)5GP>>]\+YC%,(J(0<=EQ?C[23Z/@RKZ M$F1Q%>0+ MQGET&:E_#EJ"AN9WEQ$Q73= M$GCZX*0*D',-S$#RTMSQ+13#R8N4@CES3@M MBMX7A#X7!/WK'P]-N_AIC,V4U/,O0700)W7?1"+ Z^KO0?'P*?!)/$8BYK7% M":2N4O1Y C_CKT36-Z_DT]PL_@JV+#SS<1*'.%T%-L@DXNMY3JRX(.";?5N6 M19YD\.+\&E'000%FGMFQBSA^=0O:C9]-\ND>\:$AW3&6'L!76(]@T:))19H% M(H'V%52^D!-3W_!#](090;@*W,LF\ I#A%5'EQ'*>R(/^_O[>\?H&@\ MM:&9,E[[K58S&TZIK[^2?0>?"%J/>MP_1R-#CQ#CB4PL,"TRQ&(3>"4<2"3!>EF K MX?3,]81^SQ/JO&7$WT828KW9@V&D"H8"/).J-.;#T6HWS@*@/ M5I$=LXO88 M(VP'B.5:60E?(\/&$PO_?86U=27,&DP#G;4\H4V>\MRU&$)[ FJ?MI2FXEHR'MRB2+B$\,\'A_ , MLJ4H8@A'X/A?H)%D_Z=8^D&E@:]\S7'WB\A\<_(SS^Z-5!_X;GX?'?[HG@L1A?%8OA3U$?0=^R"'J31J)\J:&+ M1\SL&BS+,5P6$XR?AC9/QTV2ID0:HFA%\!8)OZ+;,-UU[3 ?C.SXPVA\'7 MW1@NN1A)+_BY$VM]= 2Z9>WT#5L)HN,@\?1%7U#_]+?/696D<(5_9T=V,,Y! MK>Y4*'D 6' S:1FTSR)4X+?667 ME($DS[/T%L575!\8WJ"($\7K;7%QY##T#,R_,PIGG$E9+C%<1EWL:)9,U(A? M.('9CXBZ)(TO,9Z&60M)#TD0F\+H,"B*M^":*TS"GP5"75DCEVG$=:2ZW#[S)%C04MX@4L'A[EADW'%N>% M[Y-!":8/!@N;8E%$$[36Z$GP8K=LG["%2LALF'F4I&S&FB%*$P(UDQOI.&YK MY+)M^\(ZATR:1#*R/=4&L$VX*,6H(XFH%]-2@;U@^ 5)7-U&&C9*8L"PY)HRUOD5U,EG]5*)\+X"%J/[TLO1PI_]_ 1/!_! M6SV"=]B_X?D(WHNQPELGQ9/+@KP,7@8O@Y?!R^!E\#)X&7P6TF:3 MR;(PG4WBJ$@3SFE1"C/.@IV#_5V31)G"L17,P #F-]0\(E@LQVDR 4&R?)E- MN)%)=<5H9[=VA7)OJE9E2OTI3*Z,/UN"X+K8J-[VPJD B^B/I%UN,0M5#744 MM#2@]($M8, V6;_$<94):%\DF6AE"YA\RO.W.8SRJ]BNQ"I ^/?H'Z%6!.&*=GE M?(X:% 8W^3*=JD6@Y'%= 7455$M3E;W@0WZ#4QTB $*^>7.5AZH4H@*70G=/ M28JR:E5]:RBAI9OIK=2H/5$M-9XBAM=,V^0/@V66XFKA0BX)K$#+)2.1_5)V M[A<\;%!%HBZT"'\%QIK]>F[W&%)2;FP%5)"AY5=P 6""8IP1#F10Q MRU?F1DD)!9%298I(0E5Y%4WB@JM[2U<]"]GVDZ28+. M/MOVC+!]#1)S8L*)D623=#F-":Q0S>!7S\,B:='E(3JZ8?)<:/ M3FPNU!7?%1[ C@-8K"!;SL=\C(LS@> C^>04MP =T00]P',>=BKLDHZ=AZ=* MTO*A6JD3[9E9P0>-8T7J'V3WH.#-=HE%R7,PV[:7>O3:>'+^H70QBG+(X#L[U/>R$%07[/ MBS_,O\B5":U*SC=8R7EX(. ][>S +N5SHW9S@YW'Q\VBU18:#-Z=3U$^7?=C MKG>[D5PT:' &Z9QSO$CPNV,\6&?N,<6]%<$E@N.Z1%^VB@C*9SL-MF- 1DH? M^]0J,$ASD+<(LAB?$16W^-1I7";M^XV+L$KUN< MX>@+/9^8!&IUOS!C9G+;Q^"\'IO[X<5['!,-!EX_A0FCLR;?P[BV2 H?O/4P M+@_C6AW&];I_P_,PKA=CA7TAID^!?CNGJ$^!OH 4Z/LT68!VJ@C42[V&/R^E MX?&LC;/M07DO2DTPUUXSLD^\4$*11%=")E/:L1)0-5"!=JI$BL;DWPW8J(UVF[.'"NJP3=4.$N)@^O.7')%$[QOY=12H&' MFYSB%1RVU5%53=2DHQ=6HJ@[FUU+?KEQ7GH!A7?+N,+[=W451.,<)M#*VW#L MI&QFS544@J,P]#(WJXC?,@^FJ+$GW-N(O23"QQ=N,;^"463R,XQ6H4Z[.Z,] MQVX*J)5.Q]DE.) EYW7G<7')B6$V!SJ !@9JG&0<>;,3XTEFAN$[,+$L-!:X=#-2M$I :54&IB/FL6#!ZA JI4IQ\+20D*QLV16W2J^TF#G MS?Y?=NL)6(MD]^"'7THAFV4#',Q@O>C949&AA NP?P6^%S2)7FK5A7T:3H<+ M9=UM^0GC S.&8)[+(EI_Y*\"GOXPC9EOUAT,4.8!T$BA)@S>XR8S?L+'MD MG2Z*<:'EI0\PDS9.Q<7&F/S+/+H-&582+VDLZK@3RU?E3C(^-. FR]6[R[5O ME9]2/60-Q4W/EBE3HI._'O+A@PE\^ K\&VQ.%;8P7Q3-M#XNF1&23B8')J>5 M?X1_LDE6,9.OL_;N?.&I^=@\/T+0W$]$P22-2KJ]&#K7MO-LH1_%!X#8><1D M@*7']2X$.['0A"*ETJ3K!%E(2IA$I&F5XZR5IW5W+SB>S^,I*BL<9QI6J?!Y M=JZ1=J)R@RR &VT0A>1PCC9][) &V,E@SO@)FP5K*D([Y)OFN!0!S.ELGJ11 M%.8,I<^ZJ^LO$FL_.D %.<8WT&KT8CFP.J=OC1%O]*]<"F0P9K$5:Z%=6L$8IT0A0QF7<+7 T2;J)15Q4G8_%UP^@B6C C]$1S5,83DIDC'#.UJ4 M".:$-B2NAZ5*<&H2&I=.<$)[++FOPSPJ_H!K@7-S:(Q'7]WT">) _%TZI+:1 MPJ_IZH:W+@F'%?'E$@'C<*4IX"R XX$^H70-CS=UZU,T9?1X3%F,8<88H2*G M!DT*S9BBB+/GS?9>X'0O:Y<4NLM]$V#1W]H1TP22MFR%J@!QK9HZD 4YJE#= MD^4JHF?4W7Q'L\MIPG[L$/%=N-H&WT69+D/5Q2%0<\7JD> ##)/Z:(K:514QG..9/!MZZ7&7I\V MKVNTR'9NCT,5'8P27602W7@078-:+UASTFX"B:*.!SOC946W>A.%@U\[I/S, M44'7W8YL#C7H,\U.)?-C15\9GU;/H$F!./8IG,:"Y%!EZPL,,!>8'W)HP)^4 M."J,ZCI1Z2:+R)WY(21.]R6*1$HV'(>G7N%+\&@N]O"PV=DM1E \TC:0:04V(&(NP*_R-/>/D!ZYSSZ(Q; G!3(3G,Z*(@KIT3K&U%= M,4>4T=^-2TXA-BPD)6HP2725(\L._I3&V66%;77T4WS:$IEW'?C MDBL+D:R'-[-PY6DR3W!G5?'D*D.+9=Y4AH&%VV[3%TZUW:\NTCG&I=62U,.3 MM8@A%$GFC[BU'W'@)[ZZ@"U)4.HA;;P7ZX%_+?2#;#M49T)\J0T6X616:C*9 M':'D])[UE4FT) C1&$T ]A S: 0\15OJ5SA+5E7H[E%27,BDG..AZ\32QP2< M2H8DC<\AE!.==1:U9L9DMY+S2;:3@'C39#9+)D2S5A"M4[XLHLM8P['#!G?8 M'>#L)+O.T^O$)6[BX0HX'.T,VG:W:8^W ^NV Y]@)>,43'6<+_W^?T ;.KZ+ M@I9:0%(+VD<'5HZ5%R4=VR%?YLA MYWQAMZZ-&F2"IS)8@$5CNX-U2/&YXE@Z<)>Z>V,0"HH:!7TPB\TP,-A?M:G1 M$?F\=[X7S&*\DZ=T\,_I"9JD+70?0D#>:;R(V5'2=_):C1IV([O,8(FT-/)H M!]>E_3S-QT6?<4O&BD9Q7%LL8;>V.CA:\K,>5.' \%\'<$:KUQ%+:"G#Z#53 M3(MMZ76^XKDG9P"*L;AUKH%(KTJ%. CIDA#0C-KPZ=YRYQ;0#6XF&B.,ZIN4 MY#)'!,X??KE*Q@G'U8*1W9?R'&R'4&9F2)4X#WY\-2"T?W D8)51C&>O]??_ M!5:B*2\8P>@Z2E+>1$5,]R$0"-P!AS6761DOL R'2$.+6R1OTC@V5^VG>

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end