Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Accounting Policies [Abstract]

Schedule of impacts of application of new ASU

The cumulative impacts of the application of the new ASU are presented in the table below:

	December 31, 2015
	As Previously Reported			ASU Adoption			As Revised
Other assets	$	51,261		$	(30,141	)	$	21,120
Total assets	$	1,310,756		$	(30,141	)	1,280,615
Notes payable, long-term debt and other obligations, less current portion	$	886,249		$	(30,141	)	$	856,108
Total liabilities	1,432,917			(30,141		)	1,402,776
Total stockholders' deficiency	(122,161		)	—			(122,161		)
Total liabilities and stockholders' deficiency	$	1,310,756		$	(30,141	)	$	1,280,615

The cumulative impact of the retrospective application of the equity method of accounting for the two investments are presented in the table below:

	Three months ended
	March 31, 2015
	As Previously Reported			Revision			As Revised
Operating, selling, administrative and general expenses	$	73,944		$	237		$	74,181
Operating income	43,955			(237		)	43,718
Equity in (losses) earnings from investments	(37		)	649			612
Other, net	1,896			41			1,937
Income before provision for income taxes	33,895			453			34,348
Income tax expense	12,679			188			12,867
Net income	21,216			265			21,481
Net income attributed to Vector Group Ltd.	20,956			265			21,221
Other comprehensive income (loss), net of tax	1,999			2,983			4,982
Comprehensive income	23,215			3,248			26,463
Comprehensive income attributed to Vector Group Ltd.	$	22,955		$	3,248		$	26,203

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
	March 31,
	2016			2015
Net income attributed to Vector Group Ltd.	$	19,338		$	21,221
Income attributed to participating securities	(633		)	(630		)
Net income available to common shares attributed to Vector Group Ltd.	$	18,705		$	20,591

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following common shares:

	Three Months Ended
	March 31,
	2016	2015
Weighted-average shares for basic EPS	118,058,860	116,990,724
Plus incremental shares related to stock options and non-vested restricted stock	194,424	201,456
Weighted-average shares for diluted EPS	118,253,284	117,192,180

Outstanding shares not included in the computation of diluted EPS

The following were outstanding during the three months ended March 31, 2016 and 2015, but were not included in the computation of diluted EPS because the effect was anti-dilutive.

	Three Months Ended
	March 31,
	2016		2015
Weighted-average shares of non-vested restricted stock	1,200,000		—
Weighted-average expense per share	$	22.75	$	—
Weighted-average number of shares issuable upon   conversion of debt	24,895,477		25,779,073
Weighted-average conversion price	$	19.63	$	19.32

Schedule of other income (loss), net

Other income, net consisted of:

	Three Months Ended
	March 31,
	2016			2015
Interest and dividend income	$	1,324		$	1,740
Gain on long-term investment	—			200
Impairment of long-term investments	(282		)	—
Other expense	5			(3		)
Other income, net	$	1,047		$	1,937

Schedule of other current liabilities

Other current liabilities consisted of:

	March 31, 2016		December 31, 2015
Accounts payable	$	10,865	$	19,639
Accrued promotional expenses	20,733		24,816
Accrued excise and payroll taxes payable, net	18,690		26,556
Accrued interest	16,523		28,147
Commissions payable	8,770		11,008
Accrued salary and benefits	9,117		20,134
Other current liabilities	28,387		23,917
Total other current liabilities	$	113,085	$	154,217

Schedule of goodwill and other intangible assets, net

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

	March 31, 2016		December 31, 2015
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	5,111		5,657
Total goodwill and other intangible assets, net	$	263,413	$	263,959