Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Jun. 30, 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									Six Months Ended
	June 30, 2015									June 30, 2015
	As Previously Reported			Revision			As Revised			As Previously Reported			Revision			As Revised
Operating, selling, administrative and general expenses	$	79,679		$	237		$	79,916		$	153,623		$	474		$	154,097
Operating income	56,040			(237		)	55,803			99,995			(474		)	99,521
Equity in losses from investments	(1,657		)	(506		)	(2,163		)	(1,694		)	143			(1,551		)
Other, net	1,525			296			1,821			3,421			337			3,758
Income before provision for income taxes	31,069			(447		)	30,622			64,964			6			64,970
Income tax expense	11,364			(186		)	11,178			24,043			2			24,045
Net income	19,705			(261		)	19,444			40,921			4			40,925
Net income attributed to Vector Group Ltd.	17,868			(261		)	17,607			38,824			4			38,828
Other comprehensive (loss) income, net of tax	(2,781		)	3,008			227			(782		)	5,991			5,209
Comprehensive income	16,924			2,747			19,671			40,139			5,995			46,134
Comprehensive income attributed to Vector Group Ltd.	$	15,087		$	2,747		$	17,834		$	38,042		$	5,995		$	44,037

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,
	2016			2015			2016			2015
Net income attributed to Vector Group Ltd.	$	24,015		$	17,607		$	43,353		$	38,828
Income attributed to participating securities	(784		)	(521		)	(1,417		)	(1,151		)
Net income available to common shares attributed to Vector Group Ltd.	$	23,231		$	17,086		$	41,936		$	37,677

Basic and diluted EPS calculation shares

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

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2016	2015	2016	2015
Weighted-average shares for basic EPS	118,065,857	117,954,708	118,062,358	117,475,380
Plus incremental shares related to stock options and non-vested restricted stock	236,348	209,067	215,386	205,262
Weighted-average shares for diluted EPS	118,302,205	118,163,775	118,277,744	117,680,642

Outstanding shares not included in the computation of diluted EPS

The following were outstanding during the three and six months ended June 30, 2016 and 2015, 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,
	2016		2015		2016		2015
Weighted-average number of shares issuable upon   conversion of debt	24,895,477		24,895,477		24,895,477		25,334,835
Weighted-average conversion price	$	19.63	$	19.63	$	19.63	$	19.48

Schedule of other income (loss), net

Other income, net consisted of:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2016			2015		2016			2015
Interest and dividend income	$	1,452		$	1,795	$	2,776		$	3,535
Gain on long-term investment	—			24		—			224
Impairment of long-term investments	(921		)	—		(1,203		)	—
Other income (expense)	50			2		55			(1		)
Other income, net	$	581		$	1,821	$	1,628		$	3,758

Schedule of other current liabilities

Other current liabilities consisted of:

	June 30, 2016		December 31, 2015
Accounts payable	$	10,265	$	19,639
Accrued promotional expenses	22,269		24,816
Accrued excise and payroll taxes payable, net	16,784		26,556
Accrued interest	35,028		28,147
Commissions payable	9,885		11,008
Accrued salary and benefits	18,179		22,774
Other current liabilities	27,978		21,277
Total other current liabilities	$	140,388	$	154,217

Schedule of goodwill and other intangible assets, net

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

	June 30, 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	4,564		5,657
Total goodwill and other intangible assets, net	$	262,866	$	263,959