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

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Notes Payable, Long-term Debt and Other Obligations

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

	December 31, 2022		December 31, 2021
Vector:
5.75% Senior Secured Notes due 2029	$	875,000	$	875,000
10.5% Senior Notes due 2026, net of unamortized discount of $2,209 and $2,647	539,926		552,353
Liggett:
Revolving credit facility	22,035		24
Equipment loans	37		64
Other	—		32
Total notes payable, long-term debt and other obligations	1,436,998		1,427,473
Less:
Debt issuance costs	(24,672)		(28,803)
Total notes payable, long-term debt and other obligations	1,412,326		1,398,670
Less:
Current maturities	(22,065)		(79)
Amount due after one year	$	1,390,261	$	1,398,591

Schedule of Non-cash Interest Expense

A summary of non-cash interest expense associated with the amortization of the debt discount created by the embedded derivative liability associated with the Company’s variable interest senior convertible debt is set forth in the following table:

	Year Ended December 31,
	2022		2021		2020
5.5% Convertible Notes	$	—	$	—	$	4,053

A summary of non-cash changes in fair value of derivatives embedded within convertible debt is set forth in the following table:

	Year Ended December 31,
	2022		2021		2020
5.5% Convertible Notes	$	—	$	—	$	4,999

Schedule of Convertible Debt

The following table reconciles the fair value of derivatives embedded within convertible debt:

	5.5% Convertible Notes
Balance at January 1, 2020	$	4,999
Gain from changes in fair value of embedded derivatives	(4,999)
Balance at December 31, 2020	$	—

A summary of non-cash interest expense associated with the amortization of the debt discount created by the beneficial conversion feature on the Company’s variable interest senior convertible debt is set forth in the following table:

	Year Ended December 31,
	2022		2021		2020
Amortization of beneficial conversion feature:
5.5% Convertible Notes	$	—	$	—	$	1,223

The following table reconciles unamortized debt discount within convertible debt:

	5.5% Convertible Notes
Balance at January 1, 2020	$	5,276
Amortization of embedded derivatives	(4,053)
Amortization of beneficial conversion feature	(1,223)
Balance at December 31, 2020	$	—

Schedule of Non-Cash Interest Expense

	Year Ended December 31,
	2022		2021		2020
Amortization of debt discount, net	$	439	$	393	$	5,628
Amortization of debt issuance costs	4,102		3,775		3,761
Gain on repurchase of 10.5% Senior Notes	(412)		—		—
Loss on extinguishment of 6.125% Senior Secured Notes	—		8,349		—
	$	4,129	$	12,517	$	9,389

Schedule of Fair Value of Notes Payable and Long-term Debt

The estimated fair value of the Company’s notes payable and long-term debt was as follows:

	December 31, 2022				December 31, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
5.75% Senior Secured Notes due 2029	$	875,000	$	758,993	$	875,000	$	849,459
10.5% Senior Notes due 2026	539,926		537,202		552,353		576,717
Liggett and other	22,072		22,072		120		124
Notes payable and long-term debt	$	1,436,998	$	1,318,267	$	1,427,473	$	1,426,300

Schedule of Scheduled Maturities

Scheduled maturities of notes payable and long-term debt were as follows:

	Principal		Unamortized Discount/ (Premium)		Net
Year Ending December 31:
2023	$	22,065	$	—	$	22,065
2024	7		—		7
2025	—		—		—
2026	542,135		2,209		539,926
2027	—		—		—
Thereafter	875,000		—		875,000
Total	$	1,439,207	$	2,209	$	1,436,998