2021 Q3 Form 10-K Financial Statement

#000093454922000006 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2021 Q1
Revenue $1.582M $17.40M $5.803M
YoY Change -91.87% 720.75% 51.91%
Cost Of Revenue $280.0K $543.0K $95.00K
YoY Change -95.15% -16.46% -77.91%
Gross Profit $1.302M $22.66M $5.708M
YoY Change -90.49% 1441.5% 68.38%
Gross Profit Margin 82.3% 130.23% 98.36%
Selling, General & Admin $10.63M $6.500M $6.200M
YoY Change -25.66% 17.54% 21.33%
% of Gross Profit 816.44% 28.68% 108.62%
Research & Development $0.00 $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0% 0.0%
Depreciation & Amortization $2.651M $2.650M $1.897M
YoY Change 120.92% 103.85% 72.45%
% of Gross Profit 203.61% 11.69% 33.23%
Operating Expenses $13.24M $6.500M $6.200M
YoY Change -14.46% -3.85% 4.91%
Operating Profit -$11.94M $1.644M -$5.676M
YoY Change 567.04% -131.08% 125.24%
Interest Expense $102.3M -$139.7M -$158.0M
YoY Change 148.33% -1183.42% 1644.28%
% of Operating Profit -8494.71%
Other Income/Expense, Net $102.5M $18.53M -$157.9M
YoY Change
Pretax Income $89.62M $20.18M -$163.6M
YoY Change 133.19% 228.07% 1194.97%
Income Tax $11.00K $510.0K $10.00K
% Of Pretax Income 0.01% 2.53%
Net Earnings $89.60M $19.66M -$164.5M
YoY Change 133.65% 219.67% 1356.73%
Net Earnings / Revenue 5663.97% 112.99% -2834.14%
Basic Earnings Per Share $1.49 $0.31 -$2.81
Diluted Earnings Per Share $962.6K $0.23 -$2.81
COMMON SHARES
Basic Shares Outstanding 48.95M shares 48.73M shares 48.60M shares
Diluted Shares Outstanding 93.08M shares 83.09M shares 48.60M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $642.7M $528.5M $475.7M
YoY Change 112.12% 187.23% 200.91%
Cash & Equivalents $218.0M $222.1M $180.2M
Short-Term Investments $424.8M $342.8M $330.9M
Other Short-Term Assets $4.747M $3.213M $2.647M
YoY Change -92.44% -98.2% -28.46%
Inventory
Prepaid Expenses
Receivables $412.0K $12.75M $4.425M
Other Receivables $21.54M $0.00 $0.00
Total Short-Term Assets $669.4M $544.5M $482.8M
YoY Change 82.85% 49.54% 197.3%
LONG-TERM ASSETS
Property, Plant & Equipment $671.0K $759.0K $845.0K
YoY Change -39.0% -36.75% -39.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $728.0K $746.0K $774.0K
YoY Change -98.19% -86.44% -97.85%
Total Long-Term Assets $76.65M $79.37M $82.09M
YoY Change 26.9% 164.55% 60.02%
TOTAL ASSETS
Total Short-Term Assets $669.4M $544.5M $482.8M
Total Long-Term Assets $76.65M $79.37M $82.09M
Total Assets $746.1M $623.8M $564.9M
YoY Change 74.93% 58.29% 164.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.196M $2.625M $3.633M
YoY Change -18.67% -17.97% 17.19%
Accrued Expenses $17.61M $17.20M $15.69M
YoY Change 577.12% 759.95% 1326.36%
Deferred Revenue
YoY Change
Short-Term Debt $182.9M $145.5M $116.2M
YoY Change 60.54% 28.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $204.4M $171.4M $138.0M
YoY Change 47.83% 38.78% 1189.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $295.8M $296.5M $291.1M
YoY Change 290.29% 206.98% 795.55%
Total Long-Term Liabilities $295.8M $296.5M $291.1M
YoY Change 290.29% 206.98% 795.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $204.4M $171.4M $138.0M
Total Long-Term Liabilities $295.8M $296.5M $291.1M
Total Liabilities $512.2M $479.9M $441.0M
YoY Change 137.26% 116.26% 879.94%
SHAREHOLDERS EQUITY
Retained Earnings -$386.0M -$475.7M -$495.4M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $237.6M $147.9M $128.0M
YoY Change
Total Liabilities & Shareholders Equity $749.8M $627.7M $569.0M
YoY Change 75.81% 59.28% 166.24%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income $89.60M $19.66M -$164.5M
YoY Change 133.65% 219.67% 1356.73%
Depreciation, Depletion And Amortization $2.651M $2.650M $1.897M
YoY Change 120.92% 103.85% 72.45%
Cash From Operating Activities -$1.405M -$77.00K -$6.120M
YoY Change -111.15% -98.43% 178.18%
INVESTING ACTIVITIES
Capital Expenditures -$2.022M -$12.00K $33.00K
YoY Change 1922.0% -99.85% -100.56%
Acquisitions
YoY Change
Other Investing Activities $661.0K $12.09M -$2.907M
YoY Change -96.85% -151.68% -144.72%
Cash From Investing Activities -$1.361M $12.08M -$13.94M
YoY Change -106.45% -138.48% -2888.0%
FINANCING ACTIVITIES
Cash Dividend Paid $260.0K
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.85M 29.83M -$260.0K
YoY Change -8811.5% -72.09% -108.67%
NET CHANGE
Cash From Operating Activities -1.405M -77.00K -$6.120M
Cash From Investing Activities -1.361M 12.08M -$13.94M
Cash From Financing Activities 34.85M 29.83M -$260.0K
Net Change In Cash 32.08M 41.84M -$20.32M
YoY Change -3.66% -40.74% -1663.08%
FREE CASH FLOW
Cash From Operating Activities -$1.405M -$77.00K -$6.120M
Capital Expenditures -$2.022M -$12.00K $33.00K
Free Cash Flow $617.0K -$65.00K -$6.153M
YoY Change -95.14% -102.1% -266.3%

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NetIncomeLossAvailableToCommonStockholdersBasic
118804000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86846000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48797290 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48840829 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.43
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
188224000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
84894000 USD
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
98470870 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
57435128 shares
CY2021 us-gaap Profit Loss
ProfitLoss
150365000 USD
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.91
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
288316000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1168000 USD
CY2021 actg Accretion Of Series Convertible Preferred Stock To Redemption Value
AccretionOfSeriesConvertiblePreferredStockToRedemptionValue
3829000 USD
CY2021 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1452000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
202000 USD
CY2021 actg Issuance Of Common Stock For Vesting Of Restricted Stock Units
IssuanceOfCommonStockForVestingOfRestrictedStockUnits
0 USD
CY2021 actg Issuance Of Common Stock For Unvested Restricted Stock Awards Net Of Forfeitures
IssuanceOfCommonStockForUnvestedRestrictedStockAwardsNetOfForfeitures
0 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2053000 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
4012000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430475000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
174958000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
109231000 USD
CY2020 actg Accretion Of Series Convertible Preferred Stock To Redemption Value
AccretionOfSeriesConvertiblePreferredStockToRedemptionValue
2835000 USD
CY2020 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1382000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
48000 USD
CY2020 actg Dissolution Of Acacia Intellectual Property Fund L.P.
DissolutionOfAcaciaIntellectualPropertyFundL.p.
0 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
409000 USD
CY2020 actg Issuance Of Common Stock For Vesting Of Restricted Stock Units
IssuanceOfCommonStockForVestingOfRestrictedStockUnits
0 USD
CY2020 actg Issuance Of Common Stock For Unvested Restricted Stock Awards Net Of Forfeitures
IssuanceOfCommonStockForUnvestedRestrictedStockAwardsNetOfForfeitures
0 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1662000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3999000 USD
CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
11042000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
288316000 USD
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
150365000 USD
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
109231000 USD
CY2021 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-2752000 USD
CY2020 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
5474000 USD
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3591000 USD
CY2020 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
8187000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10688000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4800000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
110000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7051000 USD
CY2021 actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
8280000 USD
CY2020 actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
-8754000 USD
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4651000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3072000 USD
CY2021 actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
-44037000 USD
CY2020 actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
-46412000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2053000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1662000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-89000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4905000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
87527000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
176173000 USD
CY2021 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
116129000 USD
CY2020 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
7352000 USD
CY2021 actg Gain On Sale Of Prepaid Investment And Derivative
GainOnSaleOfPrepaidInvestmentAndDerivative
0 USD
CY2020 actg Gain On Sale Of Prepaid Investment And Derivative
GainOnSaleOfPrepaidInvestmentAndDerivative
2845000 USD
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
3530000 USD
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
0 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
747000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1906000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
78000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2919000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
760000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2546000 USD
CY2021 actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
301000 USD
CY2020 actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
-16000 USD
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-246000 USD
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 USD
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-15742000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13326000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19620000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
33250000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
21000000 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13780000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
3591000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
12409000 USD
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
66624000 USD
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
46492000 USD
CY2021 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
154784000 USD
CY2020 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
228873000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
118459000 USD
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4021000 USD
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
280263000 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2362000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2021 actg Distributions To Noncontrolling Interests In Operating Subsidiary
DistributionsToNoncontrollingInterestsInOperatingSubsidiary
0 USD
CY2020 actg Distributions To Noncontrolling Interests In Operating Subsidiary
DistributionsToNoncontrollingInterestsInOperatingSubsidiary
409000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
91000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
199000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
35751000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18598000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4012000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3998000 USD
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
115000000 USD
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
110437000 USD
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
50000000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
496000 USD
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
1452000 USD
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
1382000 USD
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3482000 USD
CY2020 us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
1259000 USD
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4600000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
202000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
48000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59738000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109209000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
108815000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
108187000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200546000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92359000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309361000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200546000 USD
CY2021 us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
7336000 USD
CY2021 actg Finite Lived Intangible Assets Write Offs
FiniteLivedIntangibleAssetsWriteOffs
35000000 USD
CY2021 actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
4000000 USD
CY2020 actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
0 USD
CY2021 actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
5000000 USD
CY2020 actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
0 USD
CY2021 actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
1168000 USD
CY2020 actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
0 USD
CY2021 actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
1 patent
CY2020 actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
5 patent
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12136000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12068000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10692000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8348000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2483000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3066000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48793000 USD
CY2021Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
5000000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
0 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP 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, estimates of variable consideration for revenue, including sales returns, the valuation of equity securities without readily determinable fair value, the determination of excess and obsolete inventories, bad debt allowances and product warranty liabilities, the valuation of Series A redeemable convertible preferred stock (the “Series A Redeemable Convertible Preferred Stock”), embedded derivatives, Series A warrants (the “Series A Warrants”) and Series B warrants (the “Series B Warrants”), stock-based compensation expense, impairment of goodwill, patent-related and other intangible assets, the determination of the economic useful life of amortizable intangible assets, and income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.</span></div>
CY2021 us-gaap Revenues
Revenues
12004000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
935000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
800000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
772000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
260000 USD
CY2021Q4 us-gaap Product Warranty Expense
ProductWarrantyExpense
17000 USD
CY2021Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
55000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
222000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Intellectual Property Operations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject Acacia to concentrations of credit risk are cash equivalents and accounts receivable. Acacia places its cash equivalents 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="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Two licensees individually accounted for 66% and 16% of revenues recognized during the year ended December 31, 2021. Three licensees individually accounted for 64%, 10% and 7% of revenues recognized during the year ended December 31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Historically, Acacia has not had material foreign operations. Based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable license revenue arrangement, for the years ended December 31, 2021 and 2020, 69% and 8%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions. During the fourth quarter of 2021, Acacia generated substantial revenue from a paid-up licensee domiciled in an Asia-Pacific country. Refer to Note 19 for additional information regarding revenue from customers by geographic region.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Two licensees individually represented approximately 59% and 41% of accounts receivable at December 31, 2021. Two licensees individually represented approximately 62% and 21% of accounts receivable at December 31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Industrial Operations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No single Printronix customer accounted for more than 10% of revenue during the period from October 7, 2021 through December 31, 2021. Printronix has foreign operations, refer to Note 19 for additional information regarding net sales to customers by geographic region. Accounts receivable from one customer represented 11% of accounts receivable as of December 31, 2021. Exposure to credit risk is limited by the large number of customers comprising the remainder of the Printronix customer base and by periodic customer credit evaluations performed by Printronix.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No Printronix vendor accounted for 10% or more of purchases during the period from October 7, 2021 through December 31, 2021. Accounts payable to one vendor represented 14% of accounts payable as of December 31, 2021.</span></div>
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
99859000 USD
CY2021 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
264879000 USD
CY2021 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
2960000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
361778000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
36851000 USD
CY2020 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
74099000 USD
CY2020 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
1847000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
109103000 USD
CY2021Q4 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
35000000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
118500000 USD
CY2021Q4 actg Restricted Cash Released
RestrictedCashReleased
35000000 USD
CY2021 us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
Embedded DerivativesEmbedded derivatives that are required to be bifurcated from their host contract are valued separately from the host instrument. A binomial lattice framework is used to estimate the fair value of the embedded derivative in the Series A Redeemable Convertible Preferred Stock issued by the Company in 2019.
CY2021Q4 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
35000000 USD
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
0 USD
CY2020Q4 us-gaap Litigation Reserve
LitigationReserve
2284000 USD
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
3000000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
0 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
506000 USD
CY2021Q4 us-gaap Advertising Expense
AdvertisingExpense
52000 USD
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0 USD
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69000 USD
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839000 USD
CY2020 us-gaap Gain Loss On Investments
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13661000 USD
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589000 USD
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834000 USD
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5789000 USD
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3707000 USD
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4011000 USD
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8930000 USD
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4761000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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416000 USD
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578000 USD
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
146000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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4183000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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270000 USD
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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438000 USD
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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119000 USD
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0 USD
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84000 USD
CY2020Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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0 USD
CY2021Q4 us-gaap Goodwill
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294740000 USD
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48793000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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10300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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4700000 USD
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0 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2021 actg Accelerated Amortization Of Patents
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152000 USD
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307000 USD
CY2020 actg Accelerated Amortization Of Patents
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152000 USD
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949000 USD
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500000 USD
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307000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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242000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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2962000 USD
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935000 USD
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2027000 USD
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1200000 USD
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162000 USD
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P1Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2021 actg Ownership Percent Of Voting Stock
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0.10
CY2021 us-gaap Legal Fees
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408000 USD
CY2021 us-gaap Operating Lease Cost
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851000 USD
CY2020 us-gaap Operating Lease Cost
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603000 USD
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935000 USD
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1300000 USD
CY2021 us-gaap Share Based Compensation
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2053000 USD
CY2020 us-gaap Share Based Compensation
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1662000 USD
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5400000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y
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0 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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0 USD
CY2021Q4 actg Defined Contribution Plan Employer Matching Contribution Per Cent Addition Of Employees Gross Pay
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0.50 USD
CY2021Q4 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.01
CY2021 us-gaap Defined Benefit Plan Administration Expenses
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332000 USD
CY2020 us-gaap Defined Benefit Plan Administration Expenses
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304000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
113561000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
383000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
497000 USD
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
677000 USD
CY2021Q4 us-gaap Deferred Tax Assets Investments
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18000 USD
CY2020Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
254000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
1495000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
432000 USD
CY2021Q4 actg Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
726000 USD
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330000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
175635000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
108072000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
174652000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108072000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.05
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.01
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.04
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0
CY2021 actg Effective Income Tax Rate Reconciliation Derivative Fair Value Adjustment Percent
EffectiveIncomeTaxRateReconciliationDerivativeFairValueAdjustmentPercent
0.05
CY2020 actg Effective Income Tax Rate Reconciliation Derivative Fair Value Adjustment Percent
EffectiveIncomeTaxRateReconciliationDerivativeFairValueAdjustmentPercent
0.11
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.33
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.01
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0.01
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.14
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15000 USD
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CY2020Q4 us-gaap Deferred Tax Assets Gross
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115766000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
-8530000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1225000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-8545000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1159000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-54165000 USD
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DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1573000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
332000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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36518000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2021 us-gaap Income Tax Expense Benefit
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24287000 USD
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40465000 USD
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DeferredTaxAssetsValuationAllowance
40585000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
76969000 USD
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38797000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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726000 USD
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330000 USD
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2572000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
55696000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
38374000 USD
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23000 USD
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93000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
59017000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
38797000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
18552000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
40600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
77000000 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-38100000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
40500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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731000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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731000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
27000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
129000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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887000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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731000 USD
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
887000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
731000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
887000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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731000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
887000 USD
CY2021 us-gaap Net Income Loss
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149197000 USD
CY2020 us-gaap Net Income Loss
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109231000 USD
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1452000 USD
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1381000 USD
CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
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3829000 USD
CY2020 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2835000 USD
CY2021 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
25112000 USD
CY2020 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
18169000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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118804000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86846000 USD
CY2021 actg Dividend On Series Redeemable Convertible Preferred Stock
DividendOnSeriesRedeemableConvertiblePreferredStock
1452000 USD
CY2020 actg Dividend On Series Redeemable Convertible Preferred Stock
DividendOnSeriesRedeemableConvertiblePreferredStock
0 USD
CY2021 actg Accretion Of Series Redeemable Convertible Preferred Stock
AccretionOfSeriesRedeemableConvertiblePreferredStock
3829000 USD
CY2020 actg Accretion Of Series Redeemable Convertible Preferred Stock
AccretionOfSeriesRedeemableConvertiblePreferredStock
0 USD
CY2021 actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivatives
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8280000 USD
CY2020 actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivatives
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0 USD
CY2021 actg Change In Fair Value Of Series Warrants
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0 USD
CY2020 actg Change In Fair Value Of Series Warrants
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1348000 USD
CY2021 actg Change In Fair Value Of Dilutive Series B Warrants
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-44037000 USD
CY2020 actg Change In Fair Value Of Dilutive Series B Warrants
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5557000 USD
CY2021 actg Interest Expense Associated With Starboard Notes Net Of Tax
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4658000 USD
CY2020 actg Interest Expense Associated With Starboard Notes Net Of Tax
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1889000 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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25112000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
18169000 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1388000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
15105000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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188224000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
84894000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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48840829 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57435128 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.43
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.91
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5393750 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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68700067 shares
CY2021 us-gaap Number Of Reportable Segments
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2 segment
CY2021 us-gaap Operating Income Loss
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14545000 USD
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
160107000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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174652000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24500000 USD
CY2021Q4 actg Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
361778000 USD
CY2021Q4 us-gaap Trading Securities Debt
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5816000 USD
CY2021Q4 us-gaap Equity Method Investments
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30934000 USD
CY2021Q4 us-gaap Short Term Investments
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398528000 USD
CY2021Q4 us-gaap Other Assets
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172726000 USD
CY2021Q4 us-gaap Assets
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798856000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88047000 USD
us-gaap Nonoperating Income Expense
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-139347000 USD
CY2021Q4 us-gaap Noncurrent Assets
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