2022 Q3 Form 10-Q Financial Statement

#000093454922000043 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $15.88M $16.72M $63.26M
YoY Change 903.67% -3.93% 1344.34%
Cost Of Revenue $9.930M $9.226M $7.926M
YoY Change 3446.43% 1599.08% 1454.12%
Gross Profit $5.948M $7.491M $55.34M
YoY Change 356.84% -66.94% 1326.19%
Gross Profit Margin 37.46% 44.81% 87.47%
Selling, General & Admin $17.16M $13.02M $20.53M
YoY Change 61.4% 100.25% 195.38%
% of Gross Profit 288.45% 173.76% 37.1%
Research & Development $156.0K $145.0K
YoY Change
% of Gross Profit 2.62% 1.94%
Depreciation & Amortization $3.363M $6.777M $10.69M
YoY Change 26.86% 155.74% 790.67%
% of Gross Profit 56.54% 90.47% 19.31%
Operating Expenses $17.31M $13.16M $23.46M
YoY Change 30.74% 102.48% 189.58%
Operating Profit -$11.37M -$5.670M $31.88M
YoY Change -4.82% -444.89% -855.45%
Interest Expense $40.44M -$42.02M $197.4M
YoY Change -60.48% -69.91% 127.55%
% of Operating Profit 619.27%
Other Income/Expense, Net $40.44M -$42.02M
YoY Change -60.54% -326.74%
Pretax Income $29.08M -$47.69M $228.7M
YoY Change -67.56% -336.37% 184.69%
Income Tax $679.0K -$200.0K $23.76M
% Of Pretax Income 2.34% 10.39%
Net Earnings $28.09M -$61.50M $204.7M
YoY Change -68.65% -412.83% 155.11%
Net Earnings / Revenue 176.91% -367.91% 323.58%
Basic Earnings Per Share $0.54 -$1.44
Diluted Earnings Per Share $0.02 -$1.44 $826.7K
COMMON SHARES
Basic Shares Outstanding 38.31M shares 43.99M shares
Diluted Shares Outstanding 71.16M shares 43.99M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $401.2M $469.1M $707.5M
YoY Change -37.58% -11.23% 56.76%
Cash & Equivalents $241.9M $263.9M $308.9M
Short-Term Investments $159.3M $205.2M $398.5M
Other Short-Term Assets $5.173M $5.291M $4.764M
YoY Change 8.97% 64.67% -17.86%
Inventory $13.80M $12.06M $8.930M
Prepaid Expenses
Receivables $7.040M $13.69M $9.517M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $427.2M $500.2M $730.7M
YoY Change -36.19% -8.14% 59.65%
LONG-TERM ASSETS
Property, Plant & Equipment $3.700M $3.883M $4.183M
YoY Change 451.42% 411.59% 1449.26%
Goodwill $7.470M $7.470M $7.470M
YoY Change
Intangibles $39.69M $42.73M $48.79M
YoY Change 188.51%
Long-Term Investments $72.11M $73.02M $30.93M
YoY Change
Other Assets $4.819M $5.041M $5.283M
YoY Change 561.95% 575.74% 946.14%
Total Long-Term Assets $58.07M $61.53M $68.17M
YoY Change -24.23% -22.47% 27.1%
TOTAL ASSETS
Total Short-Term Assets $427.2M $500.2M $730.7M
Total Long-Term Assets $58.07M $61.53M $68.17M
Total Assets $485.3M $561.7M $798.9M
YoY Change -34.96% -9.96% 56.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.097M $5.484M $5.440M
YoY Change 132.1% 108.91% 433.86%
Accrued Expenses $14.33M $10.41M $9.419M
YoY Change -18.61% -39.47% 309.52%
Deferred Revenue $1.403M $1.378M $1.114M
YoY Change
Short-Term Debt $61.35M $115.8M $181.2M
YoY Change -66.45% -20.38% 56.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.44M $136.2M $200.2M
YoY Change -58.21% -20.52% 60.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.781M $1.066M $6.161M
YoY Change -99.4% -99.64% 942.47%
Total Long-Term Liabilities $1.781M $1.066M $6.161M
YoY Change -99.4% -99.64% 942.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.44M $136.2M $200.2M
Total Long-Term Liabilities $1.781M $1.066M $6.161M
Total Liabilities $184.3M $276.4M $353.6M
YoY Change -64.02% -42.41% 66.75%
SHAREHOLDERS EQUITY
Retained Earnings -$288.4M -$316.5M -$181.7M
YoY Change -25.28% -33.47% -45.09%
Common Stock $38.00K $41.00K $49.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $98.26M $86.78M $47.28M
YoY Change 9.27%
Treasury Stock Shares 16.18M shares 13.88M shares 5.388M shares
Shareholders Equity $257.7M $243.1M $419.4M
YoY Change
Total Liabilities & Shareholders Equity $485.3M $561.7M $798.9M
YoY Change -35.28% -10.52% 56.24%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $28.09M -$61.50M $204.7M
YoY Change -68.65% -412.83% 155.11%
Depreciation, Depletion And Amortization $3.363M $6.777M $10.69M
YoY Change 26.86% 155.74% 790.67%
Cash From Operating Activities $3.955M -$14.39M $20.93M
YoY Change -381.49% 18588.31% -183.38%
INVESTING ACTIVITIES
Capital Expenditures -$142.0K -$5.376M -$8.024M
YoY Change -92.98% 44700.0%
Acquisitions
YoY Change
Other Investing Activities $45.85M $73.99M $46.99M
YoY Change 6836.16% 511.81% 64.89%
Cash From Investing Activities $45.71M $68.62M $38.97M
YoY Change -3458.27% 467.92% 37.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.20M -79.65M -4.679M
YoY Change -295.71% -367.0% 1459.67%
NET CHANGE
Cash From Operating Activities 3.955M -14.39M 20.93M
Cash From Investing Activities 45.71M 68.62M 38.97M
Cash From Financing Activities -68.20M -79.65M -4.679M
Net Change In Cash -18.54M -25.42M 55.22M
YoY Change -157.78% -160.77% 1740.63%
FREE CASH FLOW
Cash From Operating Activities $3.955M -$14.39M $20.93M
Capital Expenditures -$142.0K -$5.376M -$8.024M
Free Cash Flow $4.097M -$9.014M $28.95M
YoY Change 564.02% 13767.69% -215.35%

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CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-152000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1859000 usd
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1607000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
4460000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2764000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
863000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
85000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1870000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
18532000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-47690000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20176000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-135834000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
510000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
520000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
19666000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-143899000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14013000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14013000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
906000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
19660000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15234000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138560000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43988677 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48729020 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45259435 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48662897 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.44
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-63443000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18928000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-138560000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-147099000 usd
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
43988677 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
83086980 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
45259435 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
48662897 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.02
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
345472000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1241000 usd
CY2022Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
699000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
431000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1083000 usd
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
28520000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
268174000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
124088000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
19666000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
918000 usd
CY2021Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
263000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
94000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
529000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
143196000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430475000 usd
us-gaap Profit Loss
ProfitLoss
-120756000 usd
us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
2392000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1399000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
503000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2257000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
39508000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
268174000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
288316000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1771000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
523000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
94000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
979000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
143196000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-120756000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-143899000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
0 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-2752000 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3591000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6777000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4547000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
56000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-178000 usd
actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
-5151000 usd
actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
-14463000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1494000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-11824000 usd
actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
-403000 usd
actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
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us-gaap Share Based Compensation
ShareBasedCompensation
2257000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
979000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2627000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-176000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-229850000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
49007000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
78374000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
15436000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
42085000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2737000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4339000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12244000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3125000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3135000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
627000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
723000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2826000 usd
actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
118000 usd
actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
3927000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
305000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17553000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5000000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
11000000 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
3591000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
107537000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
27871000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
191494000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
33467000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1830000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
410000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
78547000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
39508000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
80000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
65000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
50000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1399000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
523000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
503000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
94000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-106410000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29571000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-45416000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
21516000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263945000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222062000 usd
us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
4879000 usd
us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
2340000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 usd
actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
0 usd
actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
4000000 usd
actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
0 usd
actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
15000000 usd
actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
0 usd
actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
906000 usd
actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
0 patent
CY2021 actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
1 patent
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
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>
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
796000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
772000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
222000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
22000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
98000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
146000 usd
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-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk are cash equivalents and accounts receivable. The Company 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. The Company 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-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%">Three licensees individually accounted for 66%, 12% and 11% of revenues recognized during the three months ended June 30, 2022. Two licensees individually accounted for 72% and 17% of revenues recognized during the three months ended June 30, 2021. One licensee individually accounted for 50% of revenues recognized during the six months ended June 30, 2022. Three licensees individually accounted for 54%, 19% and 13% of revenues recognized during the six months ended June 30, 2021.</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, ARG 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 three and six months ended June 30, 2022, 1% and 6%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions. For the three and three and six months ended June 30, 2021, 17% and 16%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions. Refer to Note 15 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 79% and 14% of accounts receivable at June 30, 2022. Two licensees individually represented approximately 59% and 41% of accounts receivable at December 31, 2021.</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 for the three and six months ended June 30, 2022. Printronix has significant foreign operations. Refer to Note 15 for additional information regarding net sales to 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%">Accounts receivable from one customer represented 10% of accounts receivable as of June 30, 2022, and 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 single Printronix vendor accounted for 10% or more of purchases for the three and six months ended June 30, 2022. Accounts payable to one vendor represented 23% of accounts payable as of June 30, 2022, and one vendor represented 14% of accounts payable as of December 31, 2021.</span></div>
CY2022Q2 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
94275000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
57690000 usd
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
25620000 usd
CY2022Q2 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
126345000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
99859000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
264879000 usd
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
2960000 usd
CY2021Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
361778000 usd
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 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
2950000 gbp
us-gaap Interest Income Other
InterestIncomeOther
151000 usd
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
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CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
73000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.03
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.11
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
887000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
887000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
887000 usd
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
300000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
4523000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3207000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2041000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1712000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5941000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4011000 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
12505000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
8930000 usd
CY2022Q2 us-gaap Inventory Adjustments
InventoryAdjustments
449000 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
0 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
12056000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
710000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
8930000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5118000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4761000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1235000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
578000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3883000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4183000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
375000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
38000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
73000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022Q2 us-gaap Goodwill
Goodwill
7470000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
300808000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
42725000 usd
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FiniteLivedIntangibleAssetsGross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
294740000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
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us-gaap Impairment Of Intangible Assets Finitelived
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us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
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actg Accelerated Amortization Of Patents
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actg Accelerated Amortization Of Patents
AcceleratedAmortizationOfPatents
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actg Finite Lived Intangible Assets Write Offs
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6068000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12068000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2483000 usd
CY2022Q2 actg Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
3066000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
5000000 usd
CY2022Q2 actg Accrued Consulting And Other Professional Fees
AccruedConsultingAndOtherProfessionalFees
713000 usd
CY2021Q4 actg Accrued Consulting And Other Professional Fees
AccruedConsultingAndOtherProfessionalFees
438000 usd
CY2022Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
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CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
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TaxesPayableCurrent
539000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
506000 usd
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
45000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
84000 usd
CY2022Q2 actg Service Contract Costs Accrued Current
ServiceContractCostsAccruedCurrent
392000 usd
CY2021Q4 actg Service Contract Costs Accrued Current
ServiceContractCostsAccruedCurrent
307000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1333000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
935000 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
819000 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
957000 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
6841000 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
6227000 usd
CY2021Q2 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
35000000 usd
CY2021Q4 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
35000000 usd
CY2021Q4 actg Number Of Board Of Directors
NumberOfBoardOfDirectors
6 director
CY2022Q2 actg Number Of Board Of Directors
NumberOfBoardOfDirectors
7 director
CY2022Q2 actg Number Of Additional Directors
NumberOfAdditionalDirectors
2 director
CY2022Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
9100000 usd
CY2021Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
23700000 usd
us-gaap Legal Fees
LegalFees
45000 usd
CY2021Q4 us-gaap Legal Fees
LegalFees
408000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
339000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
152000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
796000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
302000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
647000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1323000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
237000 usd
CY2022Q2 actg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3587000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2021 actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
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actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
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actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
338000 usd
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
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CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3125819 shares
actg Beneficial Ownership Maximum Ownership Allowed Percentage
BeneficialOwnershipMaximumOwnershipAllowedPercentage
0.049
actg Beneficial Ownership Maximum Ownership Allowed Percentage
BeneficialOwnershipMaximumOwnershipAllowedPercentage
0.049
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
actg Ownership Percent Of Voting Stock
OwnershipPercentOfVotingStock
0.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1155000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1714000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1155000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.19
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
235000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
7700000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P5Y
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-61503000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
19660000 usd
us-gaap Net Income Loss
NetIncomeLoss
-134769000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
699000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
263000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1399000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
523000 usd
CY2022Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
1241000 usd
CY2021Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
918000 usd
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2392000 usd
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
1771000 usd
CY2022Q2 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
0 usd
CY2021Q2 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
3245000 usd
us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15234000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138560000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-147099000 usd
CY2022Q2 actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
0 usd
CY2021Q2 actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
-221000 usd
actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
0 usd
actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
0 usd
CY2022Q2 actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
0 usd
CY2021Q2 actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
-1355000 usd
actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
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actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
0 usd
CY2022Q2 actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
0 usd
CY2021Q2 actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
1238000 usd
actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
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actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
0 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3245000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2365000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-63443000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18928000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-138560000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-147099000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43988677 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48729020 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45259435 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48662897 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43988677 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83086980 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45259435 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48662897 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.44
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.02
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.02
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
108711223 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
68493151 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
108711223 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
106208687 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16717000 usd
CY2022Q2 us-gaap Royalty Expense
RoyaltyExpense
190000 usd
CY2022Q2 actg Contingent Legal Fees
ContingentLegalFees
755000 usd
CY2022Q2 actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
1089000 usd
CY2022Q2 actg Amortization Of Patents
AmortizationOfPatents
2600000 usd
CY2022Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
4592000 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
9226000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16717000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
7491000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5670000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42020000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-47690000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30224000 usd
us-gaap Royalty Expense
RoyaltyExpense
360000 usd
actg Contingent Legal Fees
ContingentLegalFees
1304000 usd
actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
2333000 usd
actg Amortization Of Patents
AmortizationOfPatents
5201000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
8784000 usd
us-gaap Cost Of Revenue
CostOfRevenue
17982000 usd
us-gaap Gross Profit
GrossProfit
12242000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-14178000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-121656000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-135834000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12700000 usd
CY2022Q2 actg Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
126345000 usd
CY2021Q4 actg Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
361778000 usd
CY2022Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5816000 usd
CY2021Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5816000 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
73020000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
30934000 usd
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
205181000 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
398528000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
135355000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
172726000 usd
CY2022Q2 us-gaap Assets
Assets
561699000 usd
CY2021Q4 us-gaap Assets
Assets
798856000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30224000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
3883000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4183000 usd

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