Rendering
Component: (Network and Table) |
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Network | 2315301 - Disclosure - Income Taxes (Tables) (http://www.acaciaresearch.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000934549 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | Acacia’s provision for income taxes for the fiscal periods presented consisted of the following (in thousands): | | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | | | | | | | | Current: | | | | | | | Federal | | $ | — |
| | $ | — |
| | $ | — |
| State taxes | | 262 |
| | 379 |
| | 289 |
| Foreign taxes | | 17,926 |
| | 4,421 |
| | 5,359 |
| Total current | | 18,188 |
| | 4,800 |
| | 5,648 |
| Deferred: | | | | | | | Federal | | — |
| | — |
| | (1,867 | ) | State taxes | | — |
| | — |
| | 131 |
| Total deferred | | — |
| | — |
| | (1,736 | ) | Provision for income taxes | | $ | 18,188 |
| | $ | 4,800 |
| | $ | 3,912 |
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Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consist of the following at December 31, 2016 and 2015 (in thousands): | | | | | | | | | | | | 2016 | | 2015 | | | | | | Deferred tax assets: | | | | | Net operating loss and capital loss carryforwards and credits | | $ | 83,323 |
| | $ | 71,494 |
| Stock compensation | | 2,416 |
| | 1,385 |
| Fixed assets and intangibles | | 14,343 |
| | 1,359 |
| Basis of investments in affiliates | | 2,195 |
| | 499 |
| Accrued liabilities and other | | 422 |
| | 442 |
| State taxes | | 90 |
| | 81 |
| Total deferred tax assets | | 102,789 |
| | 75,260 |
| Valuation allowance | | (102,627 | ) | | (75,179 | ) | Total deferred tax assets, net of valuation allowance | | 162 |
| | 81 |
| | | | | | Deferred tax liabilities: | | | | | Fixed assets and intangibles | | — |
| | — |
| Other | | (162 | ) | | (81 | ) | Total deferred tax liabilities | | (162 | ) | | (81 | ) | | | | | | Net deferred tax assets (liabilities) | | $ | — |
| | $ | — |
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Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows: | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | | | | | | | | Statutory federal tax rate - (benefit) expense | | (35 | )% | | (35 | )% | | (35 | )% | State income and foreign taxes, net of federal tax effect | | 50 | % | | 3 | % | | 9 | % | Foreign tax credit | | (49 | )% | | (3 | )% | | (8 | )% | Noncontrolling interests in operating subsidiaries | | 1 | % | | (1 | )% | | — | % | Goodwill | | — | % | | 7 | % | | — | % | Nondeductible permanent items | | — | % | | — | % | | 1 | % | Expired capital loss carryforwards | | — | % | | 1 | % | | — | % | Valuation allowance | | 83 | % | | 31 | % | | 39 | % | | | 50 | % | | 3 | % | | 6 | % |
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Summary of Valuation Allowance [Table Text Block] | |
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] | |