Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2013

Net income for purposes of determining basic and diluted EPS

Net (loss) income for purposes of determining basic and diluted EPS was as follows:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Net (loss) income attributed to Vector Group Ltd.	$	(36,891	)	$	17,932		$	(25,061	)	$	14,137
Income attributed to participating securities	—			(350		)	—			(284		)
Net (loss) income available to common stockholders	$	(36,891	)	$	17,582		$	(25,061	)	$	13,853

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following shares:



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012
Weighted-average shares for basic EPS	91,214,709	89,564,627	91,182,208	88,085,793
Plus incremental shares related to stock options and non-vested restricted stock	—	174,009	—	201,573
Weighted-average shares for basic and fully diluted EPS	91,214,709	89,738,636	91,182,208	88,287,366

Outstanding shares not included in the computation of diluted EPS

The following stock options, non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the three and nine months ended September 30, 2013 and 2012 but were not included in the computation of diluted EPS because the effect was anti-dilutive.



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Number of stock options	499,892		N/A		499,892		N/A
Weighted-average exercise price	$	12.47	N/A		$	12.47	N/A
Weighted-average shares of non-vested restricted stock	52,500		3,675		52,500		3,675
Weighted-average expense per share	16.30		$	16.30	$	16.30	$	16.30
Weighted-average number of shares issuable upon conversion of debt	28,310,521		16,726,043		28,310,521		18,182,131
Weighted-average conversion price	$	15.22	$	13.29	$	15.22	$	13.38

Schedule of other income (loss), net

Other income, net consists of:



	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2013		2012			2013		2012
Gain (loss) on warrants	$	135	$	(214	)	$	172	$	(1,067	)
Interest income	2,647		519			4,123		1,560
Accretion of interest income from debt discount on notes receivable	81		32			704		95
Gain on long-term investment	—		—			142		135
Other income	8		4			10		133
Other income, net	$	2,871	$	341		$	5,151	$	856