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Discontinued Operations
9 Months Ended
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations DISCONTINUED OPERATIONS
On December 29, 2021, the Company completed the distribution to its stockholders (including Vector common stock underlying outstanding stock options awards and restricted stock awards) of the common stock of Douglas Elliman Inc. (the “Distribution”).

There were no assets or liabilities of discontinued operations of Douglas Elliman as of September 30, 2022 or December 31, 2021.

The financial results of Douglas Elliman through the completion of the Distribution are presented as income from discontinued operations, net of income taxes on the Company’s condensed consolidated statements of operations. The following table presents financial results of Douglas Elliman for the periods prior to the completion of the Distribution:
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
 (Dollars in thousands)
Revenues:
   Real estate$— $354,161 $— $1,018,912 
Expenses: 
Cost of sales— 259,646 — 744,800 
Operating, selling, administrative and general expenses— 69,000 — 191,186 
Operating income— 25,515 — 82,926 
Other income (expenses):  
Interest expense— (61)— (134)
Equity in earnings from real estate ventures— (175)— (100)
Other, net— 481 — (2,506)
Pretax income from discontinued operations— 25,760 — 80,186 
Income tax expense— 6,903 — 22,598 
Net income from discontinued operations— 18,857 — 57,588 
Net loss from discontinued operations attributed to non-controlling interest— 120 — 120 
Net income attributed to Douglas Elliman Inc.$— $18,977 $— $57,708 

The following table presents the information regarding certain components of cash flows from discontinued operations:
 Nine Months Ended September 30,
 20222021
 (Dollars in thousands)
Depreciation and amortization$— $6,408 
Non-cash lease expense— 13,833 
Capital expenditures— (2,693)