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

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Notes payable, long-term debt and other obligations

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

	March 31, 2014			December 31, 2013
Vector:
7.75% Senior Secured Notes due 2021	$	450,000		$	450,000
6.75% Variable Interest Senior Convertible Note due 2014, net of unamortized discount of $7,504 and $19,311*	17,496			30,689
6.75% Variable Interest Senior Convertible Exchange Notes due 2014, net of unamortized discount of $19,615 and $25,944*	87,915			81,586
7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $153,886 and $155,817*	76,114			74,183
5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $107,464 and $0*	151,286			—
Liggett:
Revolving credit facility	15,747			30,424
Term loan under credit facility	3,810			3,884
Equipment loans	17,029			17,252
Other	4,220			4,325
Total notes payable, long-term debt and other obligations	823,617			692,343
Less:
Current maturities	(132,791		)	(151,577		)
Amount due after one year	$	690,826		$	540,766

______________________

* The fair value of the derivatives embedded within the 6.75% Variable Interest Senior Convertible Note ($2,527 at March 31, 2014 and $6,607 at December 31, 2013, respectively), the 6.75% Variable Interest Senior Convertible Exchange Notes ($9,579 at March 31, 2014 and $12,521 at December 31, 2013, respectively), the 5.50% Variable Interest Senior Convertible Debentures ($83,573 at March 31, 2014 and $0 at December 31, 2013, respectively), and the 7.50% Variable Interest Senior Convertible Debentures ($98,296 at March 31, 2014 and $92,934 at December 31, 2013, respectively), is separately classified as a derivative liability in the condensed consolidated balance sheets.

Non-Cash Interest Expense - Vector

Non-Cash Interest Expense - Vector:

	Three Months Ended
	March 31,
	2014		2013
Amortization of debt discount	$	12,456	$	7,348
Amortization of deferred finance costs	708		597
Loss on extinguishment of 11% Senior Secured Notes	—		3,638
Accelerated interest expense on 6.75% Variable Interest Senior Convertible Note converted	3,679		—
	$	16,843	$	11,583

Fair Value of Notes Payable and Long-Term Debt

Fair Value of Notes Payable and Long-Term Debt:

	March 31, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Notes payable and long-term debt	$	823,617	$	1,325,898	$	692,343	$	1,006,562