Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Net income for purpose of determining basic EPS

As a result, in its calculation of basic EPS for the years ended December 31, 2015, 2014 and 2013, respectively, the Company has adjusted its net income for the effect of these participating securities as follows:



	2015			2014			2013
Net income attributed to Vector Group Ltd.	$	59,198		$	36,856		$	37,300
Income attributable to participating securities	(1,752		)	(1,024		)	(1,023		)
Net income available to common stockholders attributed to Vector Group Ltd.	$	57,446		$	35,832		$	36,277

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following shares for the years ended December 31, 2015, 2014 and 2013:



	2015	2014	2013
Weighted-average shares for basic EPS	117,760,538	108,075,400	100,886,113
Plus incremental shares related to stock options and non-vested restricted stock	32,030	66,732	261,837
Weighted-average shares for diluted EPS	117,792,568	108,142,132	101,147,950

Outstanding shares not included in the computation of diluted EPS

The following non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the years ended December 31, 2015, 2014 and 2013 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,
	2015		2014		2013
Weighted-average shares of non-vested restricted stock	N/A		N/A		30,319
Weighted-average expense per share	N/A		N/A		$	15.10
Weighted-average number of shares issuable upon conversion of debt	25,113,350		32,216,245		30,862,794
Weighted-average conversion price	$	19.55	$	16.83	$	13.81