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

6 Months Ended

Jun. 30, 2020

Notes payable, long-term debt and other obligations

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



	June 30, 2020			December 31, 2019
Vector:
6.125% Senior Secured Notes due 2025	$	850,000		$	850,000
10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392	551,779			551,608
5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $0 and $5,276*	—			164,334
Liggett:
Revolving credit facility	—			34,952
Equipment loans	143			347
Other	28,033			30,146
Notes payable, long-term debt and other obligations	1,429,955			1,631,387
Less:
Debt issuance costs	(22,908		)	(24,902		)
Total notes payable, long-term debt and other obligations	1,407,047			1,606,485
Less:
Current maturities	(8,853		)	(209,269		)
Amount due after one year	$	1,398,194		$	1,397,216

______________________

* The fair value of the derivatives embedded within the 5.5% Variable Interest Senior Convertible Debentures ($4,999 at December 31, 2019), is separately classified as a derivative liability in the condensed consolidated balance sheets.

Schedule of non-cash interest expense - Vector

Non-Cash Interest Expense — Vector:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Amortization of debt discount, net	$	847	$	5,447	$	5,447	$	13,972
Amortization of debt issuance costs	889		1,053		2,047		2,238
	$	1,736	$	6,500	$	7,494	$	16,210

Schedule of fair value of notes payable and long-term debt

Fair Value of Notes Payable and Long-Term Debt:



	June 30, 2020				December 31, 2019
	Carrying		Fair		Carrying			Fair
	Value		Value		Value			Value
Senior Notes	$	1,401,779	$	1,380,787	$	1,401,608		$	1,409,920
Variable Interest Senior Convertible Debt	—		—		164,334			176,289
Liggett and other	28,176		28,188		65,445			65,456
Notes payable and long-term debt	$	1,429,955	$	1,408,975	$	1,631,387	(1)	$	1,651,665

______________________

⁽¹⁾The carrying value does not include the carrying value of the embedded derivative. See Note 12.