Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 97

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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 compensation costs37 291 Other general and administrative costs373 (1,664)General and administrative costs - industrial operations(39)(321)General and administrative costs - energy operations32 1,254 General and administrative costs - manufacturing operations4,639 9,875 Amortization of industrial operations intangible assets— 2 Amortization of manufacturing operations intangible assets427 899 Compensation expense for share-based awards63 127 Non-recurring employee severance costs(203)(203)

General and administrative expenses include employee compensation and related personnel costs, including variable performance based compensation and compensation expense for share-based awards, office and facilities costs, legal and accounting professional fees, public relations, stock administration, business development, fixed asset depreciation, amortization of Industrial Operations and Manufacturing Operations’ intangible assets, and other corporate costs. The periods presented above include an increase in Energy Operations’ general administrative expenses for the quarter following our acquisition of Revolution in April 2024. The table above also includes our Manufacturing Operations general and administrative expenses for the three and six months ended June 30, 2025, with no comparable period expense as the transaction closed in October 2024.

The increase in variable performance-based compensation costs was primarily due to an increase in bonuses paid on Intellectual Property Operations revenues. The decrease in other general and administrative costs for the six month period, which relates to our parent company and our Intellectual Property Operations, were primarily due to a decrease in corporate legal fees. The increase in compensation expense for share-based awards was primarily due to compensation expense incurred related to PSUs granted in 2023 based on a probability assessment regarding their vesting performed as of June 30, 2025. Refer to Note 17 to the consolidated financial statements elsewhere herein for additional information regarding compensation expense. The decrease in general and administrative costs of Industrial Operations is due to Printronix’s initiative to reduce costs and operate more efficiently. In addition, our Energy Operations related general and administrative costs contributed an increase of $1.3 million and Manufacturing Operations related general and administrative costs and amortization of intangible assets contributed $9.9 million and $0.9 million, respectively, in each case driven by the acquisitions of Revolution and Deflecto in 2024. Refer to additional general and administrative change explanations above.

Other Income/Expense 

Equity Securities Investments

Three Months EndedJune 30,Six Months EndedJune 30,20252024$ Change% Change20252024$ Change% Change(In