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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Tobacco [1] $ 1,017,761 $ 1,021,259 $ 1,014,341
Real estate 641,406 561,467 65,580
E-Cigarettes (1,970) 8,589 0
Total revenues 1,657,197 1,591,315 1,079,921
Cost of sales:      
Tobacco [1] 697,900 735,725 729,393
Real estate 410,287 354,028 37,638
E-Cigarettes 1,540 7,307 0
Total cost of sales 1,109,727 1,097,060 767,031
Operating, selling, administrative and general expenses 320,221 279,342 113,598
Litigation, settlement and judgment expense 20,072 2,475 88,106
Restructuring charges 7,257 0 0
Operating income 199,920 212,438 111,186
Other income (expenses):      
Interest expense (120,691) (160,991) (132,147)
Loss on extinguishment of debt 0 0 (21,458)
Changes in fair value of derivatives embedded within convertible debt 24,455 19,409 18,935
Acceleration of interest expense related to debt conversion 0 (5,205) (12,414)
Equity in (losses) earnings from investments (2,681) 3,140 3,126
Gain (loss) on sale of investment securities available for sale 11,138 (11) 5,152
Equity in earnings from real estate ventures 2,001 4,103 22,925
Impairment of investment securities available for sale (12,846) 0 0
Gain on acquisition of Douglas Elliman 0 0 60,842
Other, net 6,409 9,396 4,573
Income before provision for income taxes 107,705 82,279 60,720
Income tax expense 41,233 33,165 23,672
Net income 66,472 49,114 37,048
Net (income) loss attributed to non-controlling interest (7,274) (12,258) 252
Net income attributed to Vector Group Ltd. $ 59,198 $ 36,856 $ 37,300
Per basic common share:      
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.49 $ 0.33 $ 0.36
Per diluted common share:      
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0.49 0.33 0.36
Cash distributions declared per share (in dollars per share) $ 1.54 $ 1.47 $ 1.40
[1] Revenues and cost of goods sold include federal excise taxes of $439,647, $446,086 and $456,703 for the years ended December 31, 2015, 2014 and 2013, respectively.