Notes Payable, Long-Term Debt and Other Obligations (Tables)

9 Months Ended

Sep. 30, 2020

Notes payable, long-term debt and other obligations

Notes payable, long-term debt and other obligations consisted of:


	September 30, 2020		December 31, 2019
Vector:



6.125% Senior Secured Notes due 2025	$	850,000	$	850,000
10.5% Senior Notes due 2026, net of unamortized discount of $3,132 and $3,392	551,868		551,608

5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $0 and $5,276*	—		164,334
Liggett:
Revolving credit facility	—		34,952

Equipment loans	94		347
Other	26,773		30,146
Notes payable, long-term debt and other obligations	1,428,735		1,631,387
Less:
Debt issuance costs	(22,087)		(24,902)
Total notes payable, long-term debt and other obligations	1,406,648		1,606,485
Less:
Current maturities	(10,684)		(209,269)
Amount due after one year	$	1,395,964	$	1,397,216

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* The fair value of the derivatives embedded within the 5.5% Variable Interest Senior Convertible Debentures ($4,999 at December 31, 2019) is separately classified as a derivative liability in the condensed consolidated balance sheets.

Schedule of non-cash interest expense - Vector

Non-Cash Interest Expense — Vector:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Amortization of debt discount, net	$	89	$	5,746	$	5,536	$	19,718
Amortization of debt issuance costs	847		1,089		2,894		3,327



	$	936	$	6,835	$	8,430	$	23,045

Schedule of fair value of notes payable and long-term debt

Fair Value of Notes Payable and Long-Term Debt:


	September 30, 2020				December 31, 2019
	Carrying		Fair		Carrying			Fair
	Value		Value		Value			Value
Senior Notes	$	1,401,868	$	1,419,309	$	1,401,608		$	1,409,920
Variable Interest Senior Convertible Debt	—		—		164,334			176,289
Liggett and other	26,867		26,878		65,445			65,456
Notes payable and long-term debt	$	1,428,735	$	1,446,187	$	1,631,387	(1)	$	1,651,665

______________________

(1) The carrying value does not include the carrying value of the embedded derivative. See Note 12.