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4. Patents
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents

4. PATENTS

 

Acacia’s only identifiable intangible assets at March 31, 2020 and December 31, 2019 are patents and patent rights. Patent-related accumulated amortization totaled $323,817,000 and $322,774,000 as of March 31, 2020 and December 31, 2019, respectively. Acacia’s patents have remaining estimated economic useful lives ranging from three to fifty-nine months. The weighted-average remaining estimated economic useful life of Acacia’s patents is approximately four years.

 

The following table presents the scheduled annual aggregate amortization expense as of March 31, 2020:

 

For the years ending December 31,     
(In thousands)      
Remainder of 2020   $2,571 
2021    2,851 
2022    2,851 
2023    2,776 
2024    1,405 
Thereafter    96 
    $12,550