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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 445,760 $ 538,432 $ 900,248 $ 959,356
Cost of sales:        
Total cost of sales 304,885 368,174 615,508 654,194
Operating, selling, administrative and general expenses 71,064 93,359 161,581 185,673
Litigation settlement and judgment expense 53 655 53 655
Impairments of goodwill and intangible assets 0 0 58,252 0
Restructuring charges 2,961 0 2,961 0
Operating income 66,797 76,244 61,893 118,834
Other income (expenses):        
Interest expense (29,358) (32,753) (64,985) (70,273)
Change in fair value of derivatives embedded within convertible debt 1,669 3,788 4,999 14,137
Equity in earnings (losses) from investments 2,207 (1,685) 52,359 (323)
Equity in (losses) earnings from real estate ventures (12,260) 6,391 (18,765) 3,952
Other, net 7,635 4,781 (3,020) 12,221
Income before provision for income taxes 36,690 56,766 32,481 78,548
Income tax expense 10,916 17,459 9,938 24,208
Net income 25,774 39,307 22,543 54,340
Net income attributed to non-controlling interest 0 0 0 (80)
Net income attributed to Vector Group Ltd. $ 25,774 $ 39,307 $ 22,543 $ 54,260
Per basic common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.17 $ 0.25 $ 0.14 $ 0.34
Per diluted common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.16 $ 0.25 $ 0.14 $ 0.33
Tobacco        
Revenues:        
Tobacco [1] $ 312,510 $ 294,501 $ 599,579 $ 551,257
Total revenues 312,510   599,579  
Cost of sales:        
Total cost of sales [1] 214,067 204,461 411,357 381,764
Real estate        
Revenues:        
Real estate 133,250 243,931 300,669 408,099
Cost of sales:        
Total cost of sales $ 90,818 $ 163,713 $ 204,151 $ 272,430
[1] Revenues and cost of sales include federal excise taxes of $121,170, $119,943, $234,309, and $224,576, respectively.