Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidated Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEETS

				December 31, 2013
						Subsidiary					Consolidated
	Parent/			Subsidiary		Non-		Consolidating			Vector Group
	Issuer			Guarantors		Guarantors		Adjustments			Ltd.
ASSETS:
Current assets:
Cash and cash equivalents	$	151,342		$	11,812	$	71,312	$	—		$	234,466
Investment securities available for sale	114,886			57,648		—		—			172,534
Accounts receivable - trade, net	—			10,154		2,005		—			12,159
Intercompany receivables	509			—		—		(509		)	—
Inventories	—			93,496		—		—			93,496
Deferred income taxes	45,578			4,901		—		—			50,479
Income taxes receivable, net	—			10,447		—		(10,447		)	—
Restricted assets	—			1,060		725		—			1,785
Other current assets	513			12,579		10,300		—			23,392
Total current assets	312,828			202,097		84,342		(10,956		)	588,311
Property, plant and equipment, net	3,641			55,093		20,524		—			79,258
Investment in consolidated real estate businesses, net	—			—		20,911		—			20,911
Long-term investments accounted for at cost	20,041			—		747		—			20,788
Long-term investments accounted for under the equity method	8,595			—		—		—			8,595
Investments in non-consolidated real estate businesses	—			—		128,202		—			128,202
Investments in consolidated subsidiaries	410,442			—		—		(410,442		)	—
Restricted assets	1,895			10,086		—		—			11,981
Deferred income taxes	35,000			12,766		3,708		—			51,474
Goodwill and other intangible assets, net	—			107,511		163,495		—			271,006
Prepaid pension costs	—			26,080		—		—			26,080
Other assets	38,374			10,126		5,053		—			53,553
Total assets	$	830,816		$	423,759	$	426,982	$	(421,398	)	$	1,260,159
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt	$	112,275		$	39,013	$	289	$	—		$	151,577
Current portion of fair value of derivatives embedded within convertible debt	19,128			—		—		—			19,128
Current portion of employee benefits	—			939		—		—			939
Accounts payable	1,509			4,136		21,049		—			26,694
Intercompany payables	—			39		470		(509		)	—
Accrued promotional expenses	—			18,655		—		—			18,655
Income taxes payable, net	16,870			—		—		(10,447		)	6,423
Accrued excise and payroll taxes payable, net	—			11,621		—		—			11,621
Litigation accruals and current payments due under the Master Settlement Agreement	—			84,658		—		—			84,658
Deferred income taxes	32,309			13,425		—		—			45,734
Accrued interest	21,968			—		—		—			21,968
Other current liabilities	6,103			10,495		1,010		—			17,608
Total current liabilities	210,162			182,981		22,818		(10,956		)	405,005
Notes payable, long-term debt and other obligations, less current portion	524,182			12,573		4,011		—			540,766
Fair value of derivatives embedded within convertible debt	92,934			—		—		—			92,934
Non-current employee benefits	31,462			16,455		—		—			47,917
Deferred income taxes	65,759			37,602		34,289		—			137,650
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	1,353			54,924		1,219		—			57,496
Total liabilities	925,852			304,535		62,337		(10,956		)	1,281,768
Commitments and contingencies
Stockholders' (deficiency) equity attributed to Vector Group Ltd.	(95,036		)	119,224		291,218		(410,442		)	(95,036		)
Non-controlling interest	—			—		73,427		—			73,427
Total Stockholders' (deficiency) equity	(95,036		)	119,224		364,645		(410,442		)	(21,609		)
Total liabilities and stockholders' deficiency	$	830,816		$	423,759	$	426,982	$	(421,398	)	$	1,260,159

CONDENSED CONSOLIDATING BALANCE SHEETS

				December 31, 2012
						Subsidiary					Consolidated
	Parent/			Subsidiary		Non-		Consolidating			Vector Group
	Issuer			Guarantors		Guarantors		Adjustments			Ltd.
ASSETS:
Current assets:
Cash and cash equivalents	$	401,344		$	3,776	$	735	$	—		$	405,855
Investment securities available for sale	35,330			34,654		—		—			69,984
Accounts receivable - trade, net	—			11,183		64		—			11,247
Intercompany receivables	354			—		—		(354		)	—
Inventories	—			100,392		—		—			100,392
Deferred income taxes	33,238			3,371		—		—			36,609
Income taxes receivable, net	33,302			—		—		(26,523		)	6,779
Restricted assets	—			2,469		—		—			2,469
Other current assets	665			4,848		208		—			5,721
Total current assets	504,233			160,693		1,007		(26,877		)	639,056
Property, plant and equipment, net	2,104			54,810		239		—			57,153
Investment in consolidated real estate business, net	—			—		13,295		—			13,295
Long-term investments accounted for at cost	15,540			—		827		—			16,367
Long-term investments accounted for under the equity method	6,432			—		—		—			6,432
Investments in non-consolidated real estate businesses	—			—		119,219		—			119,219
Investments in consolidated subsidiaries	210,525			—		—		(210,525		)	—
Restricted assets	1,898			7,863		31		—			9,792
Deferred income taxes	38,077			5,669		5,396		—			49,142
Intangible asset associated with benefit under the Master Settlement Agreement	—			107,511		—		—			107,511
Prepaid pension costs	—			12,870		—		—			12,870
Other assets	39,534			16,144		216		—			55,894
Total assets	$	818,343		$	365,560	$	140,230	$	(237,402	)	$	1,086,731
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt	$	—		$	36,617	$	161	$	—		$	36,778
Current portion of employee benefits	—			2,824		—		—			2,824
Accounts payable	661			5,173		265		—			6,099
Intercompany payables	—			64		290		(354		)	—
Accrued promotional expenses	—			18,730		—		—			18,730
Income taxes payable, net	—			1,445		31,347		(26,523		)	6,269
Accrued excise and payroll taxes payable, net	—			20,419		—		—			20,419
Litigation accruals and current payments due under the Master Settlement Agreement	—			34,440		—		—			34,440
Deferred income taxes	23,304			3,995		—		—			27,299
Accrued interest	25,410			—		—		—			25,410
Other current liabilities	5,545			9,658		1,688		—			16,891
Total current liabilities	54,920			133,365		33,751		(26,877		)	195,159
Notes payable, long-term debt and other obligations, less current portion	572,023			14,860		63		—			586,946
Fair value of derivatives embedded within convertible debt	172,128			—		—		—			172,128
Non-current employee benefits	25,599			20,261		—		—			45,860
Deferred income taxes	71,777			33,793		3,962		—			109,532
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	1,148			54,506		704		—			56,358
Total liabilities	897,595			256,785		38,480		(26,877		)	1,165,983
Commitments and contingencies
Stockholders' (deficiency) equity	(79,252		)	108,775		101,750		(210,525		)	(79,252		)
Total liabilities and stockholders' deficiency	$	818,343		$	365,560	$	140,230	$	(237,402	)	$	1,086,731

Schedule of Condensed Consolidating Statemetns of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

				Year Ended December 31, 2013
							Subsidiary						Consolidated
	Parent/			Subsidiary			Non-			Consolidating			Vector Group
	Issuer			Guarantors			Guarantors			Adjustments			Ltd.
Revenues	$	—		$	1,014,341		$	41,859		$	—		$	1,056,200
Expenses:
Cost of goods sold	—			729,393			17,793			—			747,186
Operating, selling, administrative and general expenses	22,835			77,780			8,257			—			108,872
Litigation settlement and judgment expense	—			88,106			—			—			88,106
Management fee expense	—			9,508			—			(9,508		)	—
Operating (loss) income	(22,835		)	109,554			15,809			9,508			112,036
Other income (expenses):
Interest expense	(130,417		)	(1,716		)	(14		)	—			(132,147		)
Change in fair value of derivatives embedded within convertible debt	18,935			—			—			—			18,935
Acceleration of interest expense related to debt conversion	(12,414		)	—			—			—			(12,414		)
Loss on extinguishment of debt	(21,458		)	—			—			—			(21,458		)
Equity income from non-consolidated real estate businesses	—			—			22,925			—			22,925
Equity loss on long-term investments	2,066			—			—			—			2,066
(Loss) gain on investment securities available for sale	(272		)	5,424			—			—			5,152
Gain on Douglas Elliman acquisition	—			—			60,842			—			60,842
Equity income in consolidated subsidiaries	144,689			—			—			(144,689		)	—
Management fee income	9,508			—			—			(9,508		)	—
Other, net	4,439			2,763			348			—			7,550
Income before provision for income taxes	(7,759		)	116,025			99,910			(144,689		)	63,487
Income tax benefit (expense)	46,703			(30,758		)	(40,740		)	—			(24,795		)
Net income	38,944			85,267			59,170			(144,689		)	38,692
Net loss attributed to non-controlling interest	—			—			252			—			252
Net income attributed to Vector Group Ltd.	38,944			85,267			59,422			(144,689		)	38,944
Comprehensive loss attributed to non-controlling interest	—			—			252			—			$	252
Comprehensive income attributed to Vector Group Ltd.	$	72,072		$	102,344		$	59,422		$	(161,766	)	$	72,072

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

				Year Ended December 31, 2012
							Subsidiary						Consolidated
	Parent/			Subsidiary			Non-			Consolidating			Vector Group
	Issuer			Guarantors			Guarantors			Adjustments			Ltd.
Revenues	$	—		$	1,084,546		$	—		$	—		$	1,084,546
Expenses:
Cost of goods sold	—			823,452			—			—			823,452
Operating, selling, administrative and general expenses	26,039			78,054			2,068			—			106,161
Management fee expense	—			9,163			—			(9,163		)	—
Operating (loss) income	(26,039		)	173,877			(2,068		)	9,163			154,933
Other income (expenses):
Interest expense	(105,465		)	(4,614		)	(23		)	—			(110,102		)
Change in fair value of derivatives embedded within convertible debt	(7,476		)	—			—			—			(7,476		)
Acceleration of interest expense related to debt conversion	(14,960		)	—			—			—			(14,960		)
Equity income from non-consolidated real estate businesses	—			—			29,764			—			29,764
Gain on investment securities available for sale	—			1,640			—			—			1,640
Equity loss on long-term investments	(1,261		)	—			—			—			(1,261		)
Equity income in consolidated subsidiaries	120,036			—			—			(120,036		)	—
Management fee income	9,163			—			—			(9,163		)	—
Other, net	1,022			21			136			—			1,179
Income before provision for income taxes	(24,980		)	170,924			27,809			(120,036		)	53,717
Income tax benefit (expense)	55,602			(67,294		)	(11,403		)	—			(23,095		)
Net income	30,622			103,630			16,406			(120,036		)	30,622
Comprehensive income	$	24,031		$	104,520		$	16,406		$	(120,926	)	$	24,031

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

	Year Ended December 31, 2011
	Parent/ Issuer			Subsidiary Guarantors			Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Vector Group Ltd.
Revenues	$	—		$	1,133,380		$	—		$	—		$	1,133,380
Expenses:
Cost of goods sold	—			892,883			—			—			892,883
Operating, selling, administrative and general expenses	25,318			69,827			2,031			—			97,176
Management fee expense	—			8,834			—			(8,834		)	—
Operating (loss) income	(25,318		)	161,836			(2,031		)	8,834			143,321
Other income (expenses):
Interest expense	(97,888		)	(2,786		)	(32		)	—			(100,706		)
Changes in fair value of derivatives embedded within convertible debt	7,984			—			—			—			7,984
Acceleration of interest expense related to debt conversion	(1,217		)	—			—			—			(1,217		)
Equity income from non-consolidated real estate businesses	—			—			19,966			—			19,966
Gain on investment securities available for sale	—			23,257			—			—			23,257
Gain on liquidation of long-term investments	25,832			—			—			—			25,832
Gain on sale of townhomes	—			—			3,843			—			3,843
Equity loss on long-term investments	(859		)	—			—			—			(859		)
Equity income in consolidated subsidiaries	127,103			—			—			(127,103		)	—
Management fee income	8,834			—			—			(8,834		)	—
Other, net	1,675			61			—			—			1,736
Income before provision for income taxes	46,146			182,368			21,746			(127,103		)	123,157
Income tax benefit (expense)	28,874			(68,182		)	(8,829		)	—			(48,137		)
Net income	75,020			114,186			12,917			(127,103		)	75,020
Comprehensive income	$	66,887		$	103,495		$	12,917		$	(116,412	)	$	66,887

Schedule of Condensed Consolidating Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

				Year Ended December 31, 2013
							Subsidiary						Consolidated
	Parent/			Subsidiary			Non-			Consolidating			Vector Group
	Issuer			Guarantors			Guarantors			Adjustments			Ltd.
Net cash provided by (used in) operating activities	$	71,730		$	115,829		$	(16,239	)	$	(119,294	)	$	52,026
Cash flows from investing activities:
Sale of investment securities	111,127			6,602			—			—			117,729
Purchase of investment securities	(159,463		)	(11,501		)	—			—			(170,964		)
Proceeds from sale or liquidation of long-term investments	500			—			80			—			580
Purchase of long-term investments	(5,000		)	—			—			—			(5,000		)
Investments in non-consolidated real estate businesses	—			—			(75,731		)	—			(75,731		)
Distributions from non-consolidated real estate businesses	—			—			3,142			—			3,142
Increase in cash surrender value of life insurance policies	(144		)	(484		)	—			—			(628		)
Decrease (increase) in non-current restricted assets	3			1,078			—			—			1,081
Issuance of notes receivable	—			—			(8,600		)	—			(8,600		)
Investments in subsidiaries	(155,961		)	—			—			155,961			—
Proceeds from sale of fixed assets	35			13			—			—			48
Cash acquired in Douglas Elliman consolidation	—			—			116,935			—			116,935
Purchase of subsidiaries	—			—			(67,616		)	—			(67,616		)
Repayment of notes receivable	10,347			—			—			—			10,347
Capital expenditures	(2,297		)	(9,784		)	(1,194		)	—			(13,275		)
Net cash (used in) provided by investing activities	(200,853		)	(14,076		)	(32,984		)	155,961			(91,952		)
Cash flows from financing activities:
Proceeds from debt issuance	450,000			4,687			3,080			—			457,767
Deferred financing costs	(11,750		)	—			—			—			(11,750		)
Repayments of debt	(415,000		)	(7,466		)	(115		)	—			(422,581		)
Borrowings under revolver	—			978,788			—			—			978,788
Repayments on revolver	—			(977,794		)	—			—			(977,794		)
Capital contributions received	—			13,950			142,011			(155,961		)	—
Intercompany dividends paid	—			(105,882		)	(13,412		)	119,294			—
Distributions on common stock	(144,711		)	—			—			—			(144,711		)
Distributions to non-controlling interest	—			—			(11,764		)	—			(11,764		)
Proceeds from the issuance of Vector stock	—			—			—			—			—
Proceeds from exercise of Vector options	544			—			—			—			544
Tax benefit of options exercised	38			—			—			—			38
Net cash provided by (used in) financing activities	(120,879		)	(93,717		)	119,800			(36,667		)	(131,463		)
Net increase in cash and cash equivalents	(250,002		)	8,036			70,577			—			(171,389		)
Cash and cash equivalents, beginning of period	401,344			3,776			735			—			405,855
Cash and cash equivalents, end of period	$	151,342		$	11,812		$	71,312		$	—		$	234,466

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

				Year Ended December 31, 2012
							Subsidiary						Consolidated
	Parent/			Subsidiary			Non-			Consolidating			Vector Group
	Issuer			Guarantors			Guarantors			Adjustments			Ltd.
Net cash provided by (used in) operating activities	$	118,399		$	133,308		$	(2,772	)	$	(164,849	)	$	84,086
Cash flows from investing activities:
Sale of investment securities	—			3,831			—			—			3,831
Purchase of investment securities	—			(5,647		)	—			—			(5,647		)
Proceeds from sale of or liquidation of long-term investments	—			—			72			—			72
Purchase of long-term investments	(5,000		)	—			—			—			(5,000		)
Investments in non-consolidated real estate businesses	—			—			(33,375		)	—			(33,375		)
Distributions from non-consolidated real estate businesses	—			—			49,221			—			49,221
Increase in cash surrender value of life insurance policies	(425		)	(482		)	—			—			(907		)
Decrease (increase) in non-current restricted assets	263			(1,393		)	—			—			(1,130		)
Issuance of notes receivable	(383		)	—			—			—			(383		)
Proceeds from sale of townhomes	—			—			—			—			—
Proceeds from sale of fixed assets	432			12			—			—			444
Investments in subsidiaries	(31,209		)	—			—			31,209			—
Capital expenditures	(1,520		)	(9,339		)	(406		)	—			(11,265		)
Net cash (used in) provided by investing activities	(37,842		)	(13,018		)	15,512			31,209			(4,139		)
Cash flows from financing activities:
Proceeds from debt issuance	230,000			14,033			42			—			244,075
Deferred financing costs	(11,164		)	(315		)	—			—			(11,479		)
Repayments of debt	—			(19,125		)	(133		)	—			(19,258		)
Borrowings under revolver	—			1,074,050			—			—			1,074,050
Repayments on revolver	—			(1,066,092		)	—			—			(1,066,092		)
Capital contributions received	—			6,991			24,218			(31,209		)	—
Intercompany dividends paid	—			(128,544		)	(36,305		)	164,849			—
Dividends and distributions on common stock	(137,114		)	—			—			—			(137,114		)
Proceeds from the issuance of Vector stock	611			—			—			—			611
Proceeds from exercise of Vector options	140			—			—			—			140
Tax benefit of options exercised	52			—			—			—			52
Net cash provided by (used in) financing activities	82,525			(119,002		)	(12,178		)	133,640			84,985
Net increase in cash and cash equivalents	163,082			1,288			562			—			164,932
Cash and cash equivalents, beginning of period	238,262			2,488			173			—			240,923
Cash and cash equivalents, end of period	$	401,344		$	3,776		$	735		$	—		$	405,855

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended December 31, 2011
	Parent/ Issuer			Subsidiary Guarantors			Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Vector Group Ltd.
Net cash provided by (used in) operating activities	$	67,588		$	101,223		$	7,352		$	(140,122	)	$	36,041
Cash flows from investing activities:
Sale of investment securities	—			31,643			—			—			31,643
Purchase of investment securities	—			(5,039		)	—			—			(5,039		)
Proceeds from sale or liquidation of long-term investments	66,190			—			—			—			66,190
Purchase of long-term investments	(10,000		)	—			—			—			(10,000		)
Decrease (increase) in non-current restricted assets	512			(608		)	—			—			(96		)
Investment in non-consolidated real estate businesses	—			—			(41,859		)	—			(41,859		)
Distributions from non-consolidated real estate businesses	—			—			8,450			—			8,450
Issuance of notes receivable	(15,256		)	—			—			—			(15,256		)
Proceeds from sale of townhomes	—			—			19,629						19,629
Proceeds from sale of fixed assets	—			196			9			—			205
Investments in subsidiaries	(29,565		)	—			—			29,565			—
Capital expenditures	(852		)	(10,725		)	(261		)	—			(11,838		)
Increase in cash surrender value of life insurance policies	(315		)	(429		)	—			—			(744		)
Net cash provided by (used in) investing activities	10,714			15,038			(14,032		)	29,565			41,285
Cash flows from financing activities:
Proceeds from issuance of debt	—			6,419			—			—			6,419
Repayments of debt	—			(4,838		)	(122		)	—			(4,960		)
Borrowings under revolver	—			1,064,270			—			—			1,064,270
Repayments on revolver	—			(1,078,508		)	—			—			(1,078,508		)
Capital contributions received	—			3,720			25,845			(29,565		)	—
Intercompany dividends paid	—			(121,050		)	(19,072		)	140,122			—
Dividends and distributions on common stock	(125,299		)	—			—			—			(125,299		)
Proceeds from exercise of Vector options	1,029			—			—			—			1,029
Excess tax benefit of options exercised	821			—			—			—			821
Net cash (used in) provided by financing activities	(123,449		)	(129,987		)	6,651			110,557			(136,228		)
Net decrease in cash and cash equivalents	(45,147		)	(13,726		)	(29		)	—			(58,902		)
Cash and cash equivalents, beginning of period	283,409			16,214			202			—			299,825
Cash and cash equivalents, end of period	$	238,262		$	2,488		$	173		$	—		$	240,923