Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Net income for purposes of determining basic and diluted EPS

As a result, in its calculation of basic EPS for the years ended December 31, 2020, 2019 and 2018, respectively, the Company has adjusted its net income for the effect of these participating securities as follows:

	For the year ended December 31,
	2020		2019		2018
Net income attributed to Vector Group Ltd.	$	92,938	$	100,974	$	58,105
Income attributable to participating securities	(2,560)		(7,464)		(7,016)
Net income available to common stockholders attributed to Vector Group Ltd.	$	90,378	$	93,510	$	51,089

Net income for purposes of determining diluted EPS was as follows:

	For the year ended December 31,
	2020		2019		2018
Net income attributed to Vector Group Ltd.	$	92,938	$	100,974	$	58,105
Income attributable to 7.5% Variable Interest Senior Convertible Notes	—		(1,255)		—
Income attributable to participating securities	(2,560)		(7,464)		(7,016)
Net income available to common stockholders attributed to Vector Group Ltd.	$	90,378	$	92,255	$	51,089

Basic and diluted EPS calculation shares

Basic and diluted EPS were calculated using the following common shares for the years ended December 31, 2020, 2019 and 2018:

	For the year ended December 31,
	2020	2019	2018
Weighted-average shares for basic EPS	150,216,141	146,633,036	146,362,270
Plus incremental shares related to convertible debt	—	718,918	—
Plus incremental shares related to stock options and non-vested restricted stock	34,812	16,509	122,542
Weighted-average shares for diluted EPS	150,250,953	147,368,463	146,484,812

Outstanding shares not included in the computation of diluted EPS

The following non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the years ended December 31, 2020, 2019 and 2018, but were not included in the computation of diluted EPS because the impact of common shares issuable under the convertible debt were anti-dilutive to EPS.

	Year Ended December 31,
	2020		2019		2018
Weighted-average shares of non-vested restricted stock	520,936		1,207,366		—
Weighted-average expense per share	$	19.54	$	17.97	$	—
Weighted-average number of shares issuable upon conversion of debt	2,423,719		11,118,139		30,212,414
Weighted-average conversion price	$	20.27	$	20.27	$	16.14