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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Tobacco $ 264,520 [1] $ 271,516 [1] $ 748,468 [1] $ 761,038 [1]
Real estate 153,748 6,425 415,280 19,298
E-Cigarettes 1,608 0 9,977 0
Total revenues 419,876 277,941 1,173,725 780,336
Cost of sales:        
Tobacco 189,728 [1] 194,991 [1] 537,667 [1] 548,377 [1]
Real estate 96,442 5,844 261,531 16,080
E-Cigarettes 1,066 0 6,357 0
Total cost of sales 287,236 200,835 805,555 564,457
Operating, selling, administrative and general expenses 69,431 26,478 200,431 77,915
Litigation settlement and judgment expense 225 87,913 1,725 87,913
Operating income (loss) 62,984 (37,285) 166,014 50,051
Other income (expenses):        
Interest expense (44,034) (33,583) (123,670) (99,045)
Loss on extinguishment of debt 0 0 0 (21,458)
Change in fair value of derivatives embedded within convertible debt 7,127 2,800 7,447 8,299
Acceleration of interest expense related to debt conversion (994) 0 (5,112) 0
Equity income from real estate ventures 3,258 9,489 3,002 16,774
Equity income (loss) on long-term investments 829 (53) 1,462 770
Gain (loss) on sale of investment securities available for sale 33 (99) (38) 5,110
Other, net 2,466 2,871 8,167 5,151
Income (loss) before provision for income taxes 31,669 (55,860) 57,272 (34,348)
Income tax expense (benefit) 11,964 (18,969) 21,007 (9,287)
Net income (loss) 19,705 (36,891) 36,265 (25,061)
Net income attributed to non-controlling interest (4,826) 0 (10,881) 0
Net income (loss) attributed to Vector Group Ltd. $ 14,879 $ (36,891) $ 25,384 $ (25,061)
Per basic common share:        
Net income (loss) applicable to common shares attributed to Vector Group Ltd. $ 0.14 $ (0.39) $ 0.24 $ (0.26)
Per diluted common share:        
Net income (loss) applicable to common shares attributed to Vector Group Ltd. $ 0.14 $ (0.39) $ 0.24 $ (0.26)
Cash distributions and dividends declared per share $ 0.38 $ 0.36 $ 1.14 $ 1.09
[1] Revenues and cost of sales include excise taxes of $115,323, $121,787, $327,434 and $343,294, respectively.