XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.1
INCOME/LOSS PER SHARE
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
INCOME/LOSS PER SHARE INCOME/LOSS PER SHARE
The following table presents the calculation of basic and diluted income/loss per share of common stock:
Three Months Ended March 31,
20222021
(In thousands, except share and per share data)
Numerator:
Net loss attributable to Acacia Research Corporation$(73,266)$(164,465)
Dividend on Series A redeemable convertible preferred stock(700)(263)
Accretion of Series A redeemable convertible preferred stock(1,151)(852)
Undistributed earnings allocated to participating securities— 29,068 
Net loss attributable to common stockholders - Basic and Diluted$(75,117)$(136,512)
Denominator:
Weighted average shares used in computing net loss per share attributable to
   common stockholders - Basic and Diluted
46,544,313 48,596,040 
Basic and diluted net loss per common share$(1.61)$(2.81)
Anti-dilutive potential common shares excluded from the computation of
   diluted net loss per common share:
Equity-based incentive awards4,029,318 2,100,391 
Series A warrants5,000,000 5,000,000 
Series B warrants100,000,000 100,000,000 
Total109,029,318 107,100,391