Notes Payable, Long Term Debt and Other Obligations (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Notes payable, long-term debt and other obligations

Notes payable, long-term debt and other obligations consist of:

	March 31, 2013			December 31, 2012
Vector:
7.75% Senior Secured Notes due 2021	$	450,000		$	—
11% Senior Secured Notes due 2015, net of unamortized discount of $0 and $408	—			414,592
6.75% Variable Interest Senior Convertible Note due 2014, net of unamortized discount of $28,349 and $30,383*	21,651			19,617
6.75% Variable Interest Senior Convertible Exchange Notes due 2014, net of unamortized discount of $41,104 and $45,038*	66,426			62,492
3.875% Variable Interest Senior Convertible Debentures due 2026, net of unamortized discount of $36,058 and $36,107*	7,164			7,115
7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $160,490 and $161,795*	69,510			68,205
Liggett:
Revolving credit facility	10,502			29,430
Term loan under credit facility	4,105			4,179
Equipment loans	16,022			17,810
Other	240			284
Total notes payable, long-term debt and other obligations	645,620			623,724
Less:
Current maturities	(17,624		)	(36,778		)
Amount due after one year	$	627,996		$	586,946

______________________

* The fair value of the derivatives embedded within the 6.75% Variable Interest Senior Convertible Note ($10,363 at March 31, 2013 and $11,682 at December 31, 2012, respectively), the 6.75% Variable Interest Senior Convertible Exchange Notes ($19,644 at March 31, 2013 and $22,146 at December 31, 2012, respectively), the 3.875% Variable Interest Senior Convertible Debentures ($41,263 at March 31, 2013 and $39,714 at December 31, 2012, respectively), and the 7.50% Variable Interest Senior Convertible Debentures ($97,809 at March 31, 2013 and $98,586 at December 31, 2012, respectively), is separately classified as a derivative liability in the condensed consolidated balance sheets.

Components of non-cash interest expense

Components of non-cash interest expense are as follows:

	Three Months Ended
	March 31,
	2013		2012
Amortization of debt discount	$	7,348	$	3,437
Amortization of deferred finance costs	597		710
Loss on extinguishment of 11% Senior Secured Notes	3,638		—
	$	11,583	$	4,147

Fair Value of Notes Payable and Long-term Debt

Fair Value of Notes Payable and Long-term Debt:

	March 31, 2013				December 31, 2012
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Notes payable and long-term debt	$	645,620	$	1,016,876	$	623,724	$	963,672