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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Total revenues $ 438,273 $ 416,173 $ 819,073 $ 776,933
Cost of sales:        
Total cost of sales 283,631 279,204 520,053 521,222
Operating, selling, administrative and general expenses 83,922 79,916 163,750 154,097
Litigation settlement and judgment expense 0 1,250 2,350 2,093
Restructuring charges 0 0 41 0
Operating income 70,720 55,803 132,879 99,521
Other income (expenses):        
Interest expense (36,369) (31,761) (67,089) (63,507)
Change in fair value of derivatives embedded within convertible debt 7,416 5,256 17,110 11,716
Equity in earnings from real estate ventures 2,813 1,856 2,306 2,194
Equity in earnings (losses) from investments 1,089 (2,163) (582) (1,551)
Gain (loss) on sale of investment securities available for sale 139 (190) 706 12,839
Impairment of investment securities available for sale (49) 0 (4,862) 0
Other, net 581 1,821 1,628 3,758
Income before provision for income taxes 46,340 30,622 82,096 64,970
Income tax expense 19,003 11,178 33,366 24,045
Net income 27,337 19,444 48,730 40,925
Net income attributed to non-controlling interest (3,322) (1,837) (5,377) (2,097)
Net income attributed to Vector Group Ltd. $ 24,015 $ 17,607 $ 43,353 $ 38,828
Per basic common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.20 $ 0.14 $ 0.36 $ 0.32
Per diluted common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0.20 0.14 0.35 0.32
Cash distributions and dividends declared per share (in dollars per share) $ 0.40 $ 0.38 $ 0.80 $ 0.76
Tobacco        
Revenues:        
Total revenues [1] $ 255,498 $ 254,890 $ 476,513 $ 482,975
Cost of sales:        
Total cost of sales [1] 168,607 174,867 305,345 331,897
Restructuring charges     41  
Real Estate        
Revenues:        
Total revenues 182,765 161,022 342,512 293,278
Cost of sales:        
Total cost of sales 115,017 103,870 214,695 188,228
E-Cigarettes        
Revenues:        
Total revenues 10 261 48 680
Cost of sales:        
Total cost of sales $ 7 $ 467 $ 13 $ 1,097
[1] Revenues and cost of sales include federal excise taxes of $106,861, $108,912, $197,707 and $206,271, respectively.