Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 35

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 statements of operations and comprehensive income (loss) was $7.9 million and $3.9 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 June 30, 2025 and December 31, 2024.

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8. GOODWILL AND OTHER INTANGIBLE ASSETS, NET

The following table presents the changes in the carrying amount of goodwill for the six months ended June 30, 2025. The carrying amount of goodwill was $9.0 million as of June 30, 2024, and there were no changes in the carrying amount of goodwill during the six months ended June 30, 2024.June 30, 2025Industrial OperationsEnergy OperationsManufacturing OperationsTotal(In thousands)Beginning balance$7,541 $1,449 $20,349 $29,339 Effect of foreign currency translation— — 272 272 Measurement period adjustments— — (3,829)(3,829)Ending balance$7,541 $1,449 $16,792 $25,782 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 six months ended June 30, 2025.Other intangible assets, net consisted of the following:June 30, 2025Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Book Value(In thousands)Patents:Intellectual property operations5 years$366,402 $(342,144)$24,258 Industrial operations7 years3,400 (1,813)1,587 Total patents369,802 (343,957)25,845 Customer relationships:Industrial operations7 years5,300 (2,824)2,476 Manufacturing operations15 years22,438 (1,029)21,409 Total customer relationships27,738 (3,853)23,885 Trade name and trademarks:Industrial operations7 years3,430 (1,828)1,602 Manufacturing operations10 years401 (29)372 Manufacturing operationsIndefinite8,685 — 8,685 Total trade name and trademarks12,516 (1,857)10,659 Developed technology