Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Schedule of prior period revisions

The revisions are presented in the table below:

	December 31, 2014
	As Previously Reported		Revision			As Revised
Deferred income taxes	$	29,192	$	(29,192	)	$	—
Total current assets	857,846		(29,192		)	828,654
Deferred income taxes	51,129		(51,129		)	—
Total assets	$	1,573,392	$	(80,321	)	$	1,493,071
Deferred income taxes, net	$	57,671	$	(29,192	)	$	28,479
Total current liabilities	270,095		(29,192		)	240,903
Deferred income taxes, net	145,639		(51,129		)	94,510
Total liabilities	1,551,340		(80,321		)	1,471,019
Total stockholders' equity	22,052		—			22,052
Total liabilities and stockholders' equity	$	1,573,392	$	(80,321	)	$	1,493,071

Net income for purposes of determining basic and diluted EPS

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Net income attributed to Vector Group Ltd.	$	17,868		$	7,925		$	38,824		$	10,505
Expense attributed to participating securities	(529		)	(231		)	(1,151		)	(309		)
Net income attributed to Vector Group Ltd. available to common stockholders	$	17,339		$	7,694		$	37,673		$	10,196

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following shares:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
Weighted-average shares for basic EPS	112,337,817	101,598,939	111,881,314	100,470,719
Plus incremental shares related to stock options and non-vested restricted stock	199,112	106,321	195,488	117,908
Weighted-average shares for diluted EPS	112,536,929	101,705,260	112,076,802	100,588,627

Outstanding shares not included in the computation of diluted EPS

The following were outstanding during the three and six months ended June 30, 2015 and 2014, but were not included in the computation of diluted EPS because the effect was anti-dilutive.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Weighted-average number of shares issuable upon   conversion of debt	23,709,978		34,117,652		24,128,414		30,560,906
Weighted-average conversion price	$	20.61	$	18.11	$	20.45	$	16.72

Schedule of other income (loss), net

Other income, net consisted of:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
(Loss) gain on warrants	$	(369	)	$	45		$	(483	)	$	(123	)
Interest and dividend income	1,858			1,189			3,607			2,189
Accretion of interest income from debt discount on notes receivable	10			10			74			76
Gain on long-term investment	24			—			224			—
Out-of-period adjustment	—			—			—			1,231
Acceleration of closing fee related to termination of Douglas Elliman joint venture	—			2,335			—			2,335
Other income (expense)	2			(4		)	(1		)	(7		)
Other income, net	$	1,525		$	3,575		$	3,421		$	5,701

Schedule of other current liabilities

Other current liabilities consisted of:

	June 30, 2015		December 31, 2014
Accrued promotional expenses	$	18,215	$	20,191
Accrued excise and payroll taxes payable, net	20,885		23,172
Accrued interest	27,746		28,321
Commissions payable	13,442		9,523
Accrued salary and benefits	12,110		16,009
Other current liabilities	33,125		29,539
Total other current liabilities	$	125,523	$	126,755

Schedule of goodwill and other intangible assets, net

The components of “Goodwill and other intangible assets, net” were as follows:

	June 30, 2015		December 31, 2014
Goodwill	$	70,791	$	70,791
Indefinite life intangibles:
Intangible asset associated with benefit under the MSA	107,511		107,511
Trademark - Douglas Elliman	80,000		80,000
Intangibles with a finite life, net	8,698		11,670
Total goodwill and other intangible assets, net	$	267,000	$	269,972