Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Net income for purpose of determining basic EPS

As a result, in its calculation of basic EPS for the years ended December 31, 2014, 2013 and 2012, respectively, the Company has adjusted its net income for the effect of these participating securities as follows:



	2014			2013			2012
Net income attributed to Vector Group Ltd.	$	36,978		$	38,944		$	30,622
Income attributable to participating securities	(1,027		)	(1,068		)	(608		)
Net income available to common stockholders attributed to Vector Group Ltd.	$	35,951		$	37,876		$	30,014

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following shares for the years ended December 31, 2014, 2013 and 2012:



	2014	2013	2012
Weighted-average shares for basic EPS	102,928,952	96,082,012	93,285,406
Plus incremental shares related to stock options and warrants	63,554	249,369	88,622
Weighted-average shares for diluted EPS	102,992,506	96,331,381	93,374,028

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 years ended December 31, 2014, 2013 and 2012 but were not included in the computation of diluted EPS because the exercise prices of the options and the per share expense associated with the restricted stock were greater than the average market price of the common shares during the respective periods, and the impact of common shares issuable under the convertible debt were anti-dilutive to EPS.



	Year Ended December 31,
	2014		2013		2012
Number of stock options	—		—		—
Weighted-average exercise price	N/A		N/A		N/A
Weighted-average shares of non-vested restricted stock	—		28,875		3,859
Weighted-average expense per share	N/A		$	15.86	$	15.52
Weighted-average number of shares issuable upon conversion of debt	30,682,138		29,393,137		19,854,510
Weighted-average conversion price	$	17.67	$	14.50	$	13.02