Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of impacts of application of new ASU

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									Nine Months Ended
	September 30, 2015									September 30, 2015
	As Previously Reported			Revision			As Revised			As Previously Reported			Revision			As Revised
Operating, selling, administrative and general expenses	$	79,114		$	238		$	79,352		$	232,737		$	712		$	233,449
Operating income	69,605			(238		)	69,367			169,600			(712		)	168,888
Equity in losses from investments	(579		)	(524		)	(1,103		)	(2,273		)	(381		)	(2,654		)
Other, net	133			1,209			1,342			3,554			1,546			5,100
Income before provision for income taxes	29,357			447			29,804			94,321			453			94,774
Income tax expense	13,508			186			13,694			37,551			188			37,739
Net income	15,849			261			16,110			56,770			265			57,035
Net income attributed to Vector Group Ltd.	12,205			261			12,466			51,029			265			51,294
Other comprehensive loss, net of tax	(23,890		)	(392		)	(24,282		)	(24,672		)	5,599			(19,073		)
Comprehensive (loss) income	(8,041		)	(131		)	(8,172		)	32,098			5,864			37,962
Comprehensive (loss) income attributed to Vector Group Ltd.	$	(11,685	)	$	(131	)	$	(11,816	)	$	26,357		$	5,864		$	32,221

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

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,
	2016			2015			2016			2015
Net income attributed to Vector Group Ltd.	$	23,175		$	12,466		$	66,528		$	51,294
Income attributed to participating securities	(750		)	(367		)	(2,167		)	(1,518		)
Net income available to common shares attributed to Vector Group Ltd.	$	22,425		$	12,099		$	64,361		$	49,776

Basic and diluted EPS calculation shares

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

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2016	2015	2016	2015
Weighted-average shares for basic EPS	124,066,347	123,924,385	123,999,345	123,543,001
Plus incremental shares related to stock options and non-vested restricted stock	211,903	141,031	214,225	183,852
Weighted-average shares for diluted EPS	124,278,250	124,065,416	124,213,570	123,726,853

Outstanding shares not included in the computation of diluted EPS

The following were outstanding during the three and nine months ended September 30, 2016 and 2015, 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,
	2016		2015		2016		2015
Weighted-average number of shares issuable upon   conversion of debt	26,140,250		26,140,251		26,140,250		26,446,112
Weighted-average conversion price	$	18.70	$	18.70	$	18.70	$	18.60

Schedule of other income (loss), net

Other, net consisted of:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Interest and dividend income	$	1,489		$	1,510		$	4,265		$	5,045
Gain on long-term investment	190			137			190			361
Provision for loss on real estate held for sale	—			(229		)	—			(229		)
Loss on sale of assets	—			(75		)	—			(75		)
Impairment of long-term investments	—			—			(1,203		)	—
Other expense	(351		)	(1		)	(296		)	(2		)
Other, net	$	1,328		$	1,342		$	2,956		$	5,100

Schedule of other current liabilities

Other current liabilities consisted of:

	September 30, 2016		December 31, 2015
Accounts payable	$	13,441	$	19,639
Accrued promotional expenses	16,763		24,816
Accrued excise and payroll taxes payable, net	3,792		26,556
Accrued interest	18,850		28,147
Commissions payable	8,949		11,008
Accrued salary and benefits	27,401		22,774
Other current liabilities	24,669		21,277
Total other current liabilities	$	113,865	$	154,217

Schedule of goodwill and other intangible assets, net

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

	September 30, 2016		December 31, 2015
Goodwill	$	70,406	$	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	4,002		5,657
Total goodwill and other intangible assets, net	$	261,919	$	263,959