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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 504,790 $ 513,869 $ 1,464,146 $ 1,424,323
Cost of sales:        
Total cost of sales 345,456 360,302 999,650 987,343
Operating, selling, administrative and general expenses 92,374 87,549 278,047 262,961
Litigation settlement and judgment expense (income) 240 0 895 (1,944)
Operating income 66,720 66,018 185,554 175,963
Other income (expenses):        
Interest expense (32,963) (51,084) (103,236) (145,452)
Change in fair value of derivatives embedded within convertible debt 6,182 10,005 20,319 31,289
Equity in earnings (losses) from real estate ventures 8,050 294 12,002 (8,378)
Other, net 1,755 4,481 13,653 13,660
Income before provision for income taxes 49,744 29,714 128,292 67,082
Income tax expense 13,736 14,686 37,944 29,394
Net income 36,008 15,028 90,348 37,688
Net income attributed to non-controlling interest 0 (3,026) (80) (657)
Net income attributed to Vector Group Ltd. $ 36,008 $ 12,002 $ 90,268 $ 37,031
Per basic common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.23 $ 0.07 $ 0.57 $ 0.23
Per diluted common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.23 $ 0.07 $ 0.56 $ 0.22
Tobacco        
Revenues:        
Total revenues [1] $ 303,260 $ 302,009 $ 854,517 $ 843,958
Cost of sales:        
Total cost of sales [1] 209,192 219,769 590,956 597,492
Litigation settlement and judgment expense (income) 240   895 525
Real estate        
Revenues:        
Total revenues 201,530 211,860 609,629 580,365
Cost of sales:        
Total cost of sales $ 136,264 $ 140,533 $ 408,694 $ 389,851
[1] Revenues and cost of sales include federal excise taxes of $122,951, $130,428, $347,527, and $359,199, respectively.