Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 124

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 depreciation expense for the proved oil and gas properties in the consolidated statements of operations and comprehensive income (loss) was $3.8 million and $4.3 million for the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, total depletion and depreciation expense in the consolidated statements of operations and comprehensive income (loss) was $11.7 million and $8.2 million, respectively. Our Energy Operations includes depletion and depreciation in cost of production. Benchmark determined no impairment to proved oil and natural gas properties was necessary as of September 30, 2025 and December 31, 2024.

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8. GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Changes in the carrying amount of goodwill consisted of the following:Industrial OperationsEnergy OperationsManufacturing OperationsTotal(In thousands)Balance at December 31, 2024$7,541 $1,449 $20,349 $29,339 Effect of foreign currency translation— — 185 185 Measurement period adjustments— — (3,829)(3,829)Impairment losses— — — — Balance at September 30, 2025$7,541 $1,449 $16,705 $25,695 The ending balance of goodwill includes no accumulated impairment losses to date. Refer to Note 3 for additional information related to the Deflecto acquisition and measurement period adjustments recorded during the nine months ended September 30, 2025.Other intangible assets, net consisted of the following:September 30, 2025Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Book Value(In thousands)Patents:Intellectual property operations5 years$366,402 $(347,429)$18,973 Industrial operations7 years3,400 (1,933)1,467 Total patents369,802 (349,362)20,440 Customer relationships:Industrial operations7 years5,300 (3,014)2,286 Manufacturing operations15 years22,387 (1,384)21,003 Total customer relationships27,687 (4,398)23,289 Trade name and trademarks:Industrial operations7 years3,430 (1,950)1,480 Manufacturing operations10 years398 (38)360