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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

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						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Net income attributed to Vector Group Ltd.	$	12,205		$	14,879		$	51,029		$	25,384
Expense attributed to participating securities	(360		)	(423		)	(1,510		)	(739		)
Net income attributed to Vector Group Ltd. available to common stockholders	$	11,845		$	14,456		$	49,519		$	24,645

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,
	2015	2014	2015	2014
Weighted-average shares for basic EPS	118,023,224	108,374,350	117,660,001	106,464,835
Plus incremental shares related to stock options and non-vested restricted stock	134,315	120,354	175,097	118,724
Weighted-average shares for diluted EPS	118,157,539	108,494,704	117,835,098	106,583,559

Outstanding shares not included in the computation of diluted EPS

The following were outstanding during the three and nine months ended September 30, 2015 and 2014, 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,
	2015		2014		2015		2014
Weighted-average number of shares issuable upon conversion of debt	24,895,477		34,229,687		25,186,773		32,820,165
Weighted-average conversion price	$	19.63	$	17.49	$	19.53	$	16.48

Schedule of other income (loss), net

Other income, net consisted of:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
(Loss) gain on warrants	$	(1,282	)	$	991		$	(1,765	)	$	868
Interest and dividend income	1,578			1,476			5,185			3,665
Accretion of interest income from debt discount on notes receivable	5			11			79			87
Gain on long-term investment	137			—			361			—
Out-of-period adjustment	—			—			—			1,231
Acceleration of closing fee related to termination of Douglas Elliman joint venture	—			—			—			2,335
Provision for loss on real estate held for sale	(229		)	—			(229		)	—
Loss on sale of assets	(75		)	—			(75		)	—
Other expense	(1		)	(12		)	(2		)	(19		)
Other income, net	$	133		$	2,466		$	3,554		$	8,167

Schedule of other current liabilities

Other current liabilities consisted of:



	September 30, 2015		December 31, 2014
Accounts payable	$	11,966	$	10,856
Accrued promotional expenses	20,053		20,191
Accrued excise and payroll taxes payable, net	5,034		23,172
Accrued interest	16,121		28,321
Commissions payable	14,942		9,523
Accrued salary and benefits	17,232		16,009
Other current liabilities	26,455		18,683
Total other current liabilities	$	111,803	$	126,755

Schedule of goodwill and other intangible assets, net

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



	September 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	7,178		11,670

Total goodwill and other intangible assets, net	$	265,480	$	269,972