Vector (VGR) 10-Q 9 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 02, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	VECTOR GROUP LTD
Entity Central Index Key	59,440
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		140,914,642

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 363,719	$ 301,353
Investment securities at fair value	135,246	150,489
Accounts receivable - trade, net	27,918	29,481
Inventories	84,293	89,790
Income taxes receivable, net	0	11,217
Restricted assets	4,821	10,258
Other current assets	45,671	21,121
Total current assets	661,668	613,709
Property, plant and equipment, net	86,325	85,516
Investments in real estate, net	25,198	23,952
Long-term investments (of which $58,787 and $0 were carried at fair value)	76,452	81,291
Investments in real estate ventures	142,988	188,131
Restricted assets	6,296	3,488
Goodwill and other intangible assets, net	267,033	267,708
Prepaid pension costs	28,838	27,697
Other assets	52,076	36,786
Total assets	1,346,874	1,328,278
Current liabilities:
Current portion of notes payable and long-term debt	234,756	33,820
Current portion of fair value of derivatives embedded within convertible debt	12,851	0
Current payments due under the Master Settlement Agreement	129,795	12,384
Current portion of employee benefits	952	952
Income taxes payable, net	5,079	100
Litigation accruals	254	260
Other current liabilities	140,409	157,123
Total current liabilities	524,096	204,639
Notes payable, long-term debt and other obligations, less current portion	1,058,372	1,194,244
Fair value of derivatives embedded within convertible debt	32,273	76,413
Non-current employee benefits	62,659	62,242
Deferred income taxes, net	51,587	58,801
Payments due under the Master Settlement Agreement	16,383	21,479
Litigation accruals	21,224	19,840
Other liabilities	52,730	22,380
Total liabilities	1,819,324	1,660,038
Commitments and contingencies (Note 8)
Stockholders' deficiency:
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized	0	0
Common stock, par value $0.10 per share, 250,000,000 shares authorized,140,914,642 and 134,365,424 shares issued and outstanding	14,092	13,437
Accumulated deficit	(541,202)	(414,785)
Accumulated other comprehensive loss	(17,720)	(12,571)
Total Vector Group Ltd. stockholders' deficiency	(544,830)	(413,919)
Non-controlling interest	72,380	82,159
Total stockholders' deficiency	(472,450)	(331,760)
Total liabilities and stockholders' deficiency	$ 1,346,874	$ 1,328,278

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Stockholders' deficiency:
Long-term investments, fair value	$ 58,787	$ 0
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	140,914,642	134,365,424
Common stock, shares outstanding (in shares)	140,914,642	134,365,424

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues		$ 513,869	$ 484,625	$ 1,424,323	$ 1,371,822
Cost of sales:
Total cost of sales		360,302	338,116	987,343	928,933
Operating, selling, administrative and general expenses		87,549	82,682	262,961	249,654
Litigation settlement and judgment expense (income)		0	4,104	(1,944)	5,791
Operating income		66,018	59,723	175,963	187,444
Other income (expenses):
Interest expense		(51,084)	(43,234)	(145,452)	(136,146)
Loss on extinguishment of debt		0	0	0	(34,110)
Change in fair value of derivatives embedded within convertible debt		10,005	9,437	31,289	26,142
Equity in earnings (losses) from real estate ventures		294	(47)	(8,378)	26,357
Equity in earnings (losses) from investments		3,230	(303)	9,205	(2,823)
Net loss recognized on equity securities		(797)	0	(306)	0
Other, net		2,048	1,374	4,761	3,452
Income before provision for income taxes		29,714	26,950	67,082	70,316
Income tax expense		14,686	6,472	29,394	22,517
Net income		15,028	20,478	37,688	47,799
Net income attributed to non-controlling interest		(3,026)	(1,214)	(657)	(5,951)
Net income attributed to Vector Group Ltd.		$ 12,002	$ 19,264	$ 37,031	$ 41,848
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		$ 0.07	$ 0.13	$ 0.23	$ 0.27
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		0.07	0.13	0.23	0.27
Dividends declared per share (in dollars per share)		$ 0.38	$ 0.36	$ 1.14	$ 1.09
Tobacco
Revenues:
Total revenues	[1]	$ 302,009	$ 294,245	$ 843,958	$ 823,876
Cost of sales:
Total cost of sales	[1]	219,769	207,800	597,492	570,461
Litigation settlement and judgment expense (income)			4,104	525	5,791
Real estate
Revenues:
Total revenues		211,860	190,860	580,365	548,426
Cost of sales:
Total cost of sales		140,533	130,316	389,851	358,472
Corporate and Other
Revenues:
Total revenues		$ 0	$ (480)	$ 0	$ (480)
[1]	Revenues and cost of sales include federal excise taxes of $130,428 , $126,912 , $359,199 and $351,474

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Tax portion of revenues and cost of goods sold	$ 130,428	$ 126,912	$ 359,199	$ 351,474

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 15,028	$ 20,478	$ 37,688	$ 47,799
Net unrealized (losses) gains on investment securities available for sale:
Change in net unrealized (losses) gains	(168)	638	(1,090)	(2,581)
Net unrealized losses (gains) reclassified into net income	165	(43)	989	(104)
Net unrealized (losses) gains on investment securities available for sale	(3)	595	(101)	(2,685)
Net change in forward contracts	0	0	0	2
Net change in pension-related amounts
Amortization of loss	441	489	1,324	1,466
Net change in pension-related amounts	441	489	1,324	1,466
Other comprehensive income (loss)	438	1,084	1,223	(1,217)
Income tax effect on:
Change in net unrealized (losses) gains on investment securities	47	(258)	299	1,053
Net unrealized losses (gains) reclassified into net income on investment securities	(46)	17	(272)	42
Pension-related amounts	(121)	(199)	(363)	(595)
Income tax (provision) benefit on other comprehensive income (loss)	(120)	(440)	(336)	500
Other comprehensive income (loss), net of tax	318	644	887	(717)
Comprehensive income	15,346	21,122	38,575	47,082
Comprehensive income attributed to non-controlling interest	(3,026)	(1,214)	(657)	(5,951)
Comprehensive income attributed to Vector Group Ltd.	$ 12,320	$ 19,908	$ 37,918	$ 41,131

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Deficiency - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Jan. 01, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)		134,365,424
Beginning Balance		$ (331,760)
Impact of adoption of new accounting standards			$ (12,857)
Net income	$ 15,028	37,688
Total other comprehensive income	318	887
Comprehensive income	15,346	38,575
Distributions and dividends on common stock		(167,656)
Restricted stock grant		0
Surrender of shares in connection with restricted stock vesting		(3,656)
Effect of stock dividend		0
Stock-based compensation		7,425
Distributions to non-controlling interest		(2,521)
Ending Balance	$ (472,450)	$ (472,450)
Beginning Balance (in shares)	140,914,642	140,914,642
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)		134,365,424
Beginning Balance		$ 13,437
Restricted stock grant (in shares)		31,666
Restricted stock grant		$ 3
Surrender of shares in connection with restricted stock vesting (in shares)		(192,119)
Surrender of shares in connection with restricted stock vesting		$ (19)
Effect of stock dividend (in shares)		6,709,671
Effect of stock dividend		$ 671
Ending Balance	$ 14,092	$ 14,092
Beginning Balance (in shares)	140,914,642	140,914,642
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		$ 0
Distributions and dividends on common stock		(3,785)
Restricted stock grant		(3)
Surrender of shares in connection with restricted stock vesting		(3,637)
Stock-based compensation		7,425
Ending Balance	$ 0	0
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(414,785)
Impact of adoption of new accounting standards			1,094
Net income		37,031
Distributions and dividends on common stock		(163,871)
Effect of stock dividend		(671)
Ending Balance	(541,202)	(541,202)
AOCI Attributable to Parent
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(12,571)
Impact of adoption of new accounting standards			(6,036)
Total other comprehensive income		887
Ending Balance	(17,720)	(17,720)
Non-controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		82,159
Impact of adoption of new accounting standards			$ (7,915)
Net income		657
Distributions to non-controlling interest		(2,521)
Ending Balance	$ 72,380	$ 72,380

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 209,808	$ 206,443
Cash flows from investing activities:
Sale of investment securities	14,895	23,066
Maturities of investment securities	16,899	94,858
Purchase of investment securities	(22,516)	(120,362)
Proceeds from sale or liquidation of long-term investments	0	966
Purchase of long-term investments	0	(26,500)
Investments in real estate ventures	(6,132)	(20,830)
Distributions from investments in real estate ventures	37,819	23,338
Increase in cash surrender value of life insurance policies	(806)	(831)
Decrease in restricted assets	254	2,112
Issuance of notes receivable	0	(1,633)
Proceeds from sale of fixed assets	0	75
Capital expenditures	(12,546)	(15,258)
Repayments of notes receivable	67	0
Acquisition of a business	(370)	(6,569)
Pay downs of investment securities	1,293	2,153
Investments in real estate, net	(1,495)	(357)
Net cash provided by (used in) investing activities	27,362	(45,772)
Cash flows from financing activities:
Proceeds from issuance of debt	0	850,021
Deferred financing costs	0	(19,200)
Repayments of debt	(1,490)	(836,600)
Borrowings under revolver	261,058	121,521
Repayments on revolver	(264,654)	(152,870)
Dividends and distributions on common stock	(169,571)	(158,425)
Distributions to non-controlling interest	(2,521)	(165)
Proceeds from issuance of Vector common stock	0	43,230
Net cash used in financing activities	(177,178)	(152,488)
Net increase in cash, cash equivalents and restricted cash	59,992	8,183
Cash, cash equivalents and restricted cash, beginning of period	310,937	398,578
Cash, cash equivalents and restricted cash, end of period	$ 370,929	$ 406,761

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation : The condensed consolidated financial statements of Vector Group Ltd. (the “Company” or “Vector”) include the accounts of Liggett Group LLC (“Liggett”), Vector Tobacco Inc. (“Vector Tobacco”), Liggett Vector Brands LLC (“Liggett Vector Brands”), New Valley LLC (“New Valley”) and other less significant subsidiaries. New Valley includes the accounts of Douglas Elliman Realty, LLC (“Douglas Elliman”) and other less significant subsidiaries. All significant intercompany balances and transactions have been eliminated. Liggett and Vector Tobacco are engaged in the manufacture and sale of cigarettes in the United States. New Valley is engaged in the real estate business. The unaudited, interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission (“SEC”). The consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year. (b) Distributions and Dividends on Common Stock : The Company records distributions on its common stock as dividends in its condensed consolidated statement of stockholders’ deficiency to the extent of retained earnings. Any amounts exceeding retained earnings are recorded as a reduction to additional paid-in capital to the extent paid-in-capital is available and then to accumulated deficit. The Company’s stock dividends are recorded as stock splits and given retroactive effect to earnings per share for all periods presented. (c) Earnings Per Share (“EPS”) : Information concerning the Company’s common stock has been adjusted to give retroactive effect to the 5% stock dividend paid to Company stockholders on September 27, 2018 . All per share amounts and references to share amounts have been updated to reflect the retrospective effect of the stock dividends. Net income for purposes of determining basic and diluted EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Net income attributed to Vector Group Ltd. $ 12,002 $ 19,264 $ 37,031 $ 41,848 Income attributed to participating securities (1,722 ) (1,496 ) (5,186 ) (4,480 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 10,280 $ 17,768 $ 31,845 $ 37,368 Basic and diluted EPS were calculated using the following common shares: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average shares for basic EPS 139,486,936 139,287,231 139,359,798 138,949,907 Plus incremental shares related to stock options and non-vested restricted stock 25,038 140,692 176,819 266,567 Weighted-average shares for diluted EPS 139,511,974 139,427,923 139,536,617 139,216,474 The following were outstanding during the three and nine months ended September 30, 2018 and 2017 , but were not included in the computation of diluted EPS because the effect was anti-dilutive. Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average number of shares issuable upon conversion of debt 28,819,625 28,819,625 28,819,625 28,819,625 Weighted-average conversion price $ 16.96 $ 16.96 $ 16.96 $ 16.96 (d) Fair Value of Derivatives Embedded within Convertible Debt : The Company has estimated the fair value of the embedded derivatives based principally on the results of a valuation model. A readily determinable fair value of the embedded derivatives is not available. The estimated fair value of the derivatives embedded within the convertible debt is based principally on the present value of future dividend payments expected to be received by the convertible debt holders over the term of the debt. The discount rate applied to the future cash flows is estimated based on a spread in the yield of the Company’s debt when compared to risk-free securities with the same duration. The valuation model assumes future dividend payments by the Company and utilizes interest rates and credit spreads for secured to unsecured debt, unsecured to subordinated debt and subordinated debt to preferred stock to determine the fair value of the derivatives embedded within the convertible debt. The valuation also considers other items, including current and future dividends and the volatility of Vector’s stock price. At September 30, 2018 , the range of estimated fair values of the Company’s embedded derivatives was between $44,963 and $45,218 . The Company recorded the fair value of its embedded derivatives at the approximate midpoint of the range at $45,124 as of September 30, 2018 . At December 31, 2017 , the range of estimated fair values of the Company’s embedded derivatives was between $76,215 and $76,874 . The Company recorded the fair value of its embedded derivatives at the midpoint of the range at $76,413 as of December 31, 2017 . The estimated fair value of the Company’s embedded derivatives could change significantly based on future market conditions. (See Note 7 .) (e) Investments in Real Estate Ventures: In accounting for its investments in real estate ventures, the Company identified its participation in Variable Interest Entities (“VIE”), which are defined as entities in which the equity investors at risk have not provided enough equity at risk to finance its activities without additional subordinated support or the equity investors (1) cannot directly or indirectly make decisions about the entity’s activities through their voting rights or similar rights; (2) do not have the obligation to absorb the expected losses of the entity; (3) do not have the right to receive the expected residual returns of the entity; or (4) have voting rights that are not proportionate to their economic interests and the entity’s activities involve or are conducted on behalf of an investor with a disproportionately small voting interest. The Company’s interest in VIEs is primarily in the form of equity ownership. The Company examines specific criteria and uses judgment when determining if the Company is the primary beneficiary of a VIE. Factors considered include risk and reward sharing, experience and financial condition of other partner(s), voting rights, involvement in day-to-day capital and operating decisions, representation on a VIE’s executive committee, existence of unilateral kick-out rights exclusive of protective rights or voting rights and level of economic disproportionality between the Company and its other partner(s). Accounting guidance requires the consolidation of VIEs in which the Company is the primary beneficiary. The guidance requires consolidation of VIEs that an enterprise has a controlling financial interest. A controlling financial interest will have both of the following characteristics: (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company’s maximum exposure to loss in its investments in unconsolidated VIEs is limited to its investment in the unconsolidated VIEs which is the carrying value. The Company’s maximum exposure to loss in its investment in its consolidated VIEs is limited to its investment which is the carrying value of the investment net of the non-controlling interest. Creditors of the consolidated VIEs have no recourse to the general credit of the primary beneficiary. (f) Other, Net : Other, net consisted of: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Interest and dividend income $ 2,466 $ 1,826 $ 6,533 $ 5,196 Gain on long-term investment — — — 162 Net periodic benefit cost other than the service costs (254 ) (490 ) (761 ) (1,470 ) Impairment of debt securities available for sale (161 ) (53 ) (972 ) (179 ) Impairment of long-term investments — — — (525 ) Other (expense) income (3 ) 91 (39 ) 268 Other, net $ 2,048 $ 1,374 $ 4,761 $ 3,452 (g) Other Current Liabilities : Other current liabilities consisted of: September 30, 2018 December 31, 2017 Accounts payable $ 12,158 $ 18,552 Accrued promotional expenses 32,282 30,691 Accrued excise and payroll taxes payable, net 777 11,946 Accrued interest 20,124 33,138 Commissions payable 16,475 14,320 Accrued salary and benefits 24,304 29,639 Contract liabilities 8,043 — Allowance for sales returns 6,945 5,632 Other current liabilities 19,301 13,205 Total other current liabilities $ 140,409 $ 157,123 (h) Goodwill and Other Intangible Assets, Net : The components of “Goodwill and other intangible assets, net” were as follows: September 30, December 31, Goodwill $ 77,568 $ 77,059 Indefinite life intangibles: Intangible asset associated with benefit under the MSA 107,511 107,511 Trademark - Douglas Elliman 80,000 80,000 Intangibles with a finite life, net 1,954 3,138 Total goodwill and other intangible assets, net $ 267,033 $ 267,708 (i) Reconciliation of Cash, Cash Equivalents and Restricted Cash : The components of “Cash, cash equivalents and restricted cash” in the Statement of Cash Flows were as follows: September 30, December 31, Cash and cash equivalents $ 363,719 $ 301,353 Restricted cash and cash equivalents included in current restricted assets 2,762 9,081 Restricted cash and cash equivalents included in non-current restricted assets 4,448 503 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 370,929 $ 310,937 Amounts included in current restricted assets and restricted assets represent cash and cash equivalents required to be deposited into escrow for bonds required to appeal adverse product liability judgments, amounts required for letters of credit related to office leases, and certain deposit requirements for banking arrangements. The restrictions related to the appellate bonds will remain in place until the appeal process has been completed. The restrictions related to the letters of credit will remain in place for the duration of the respective lease. The restrictions related to the banking arrangements will remain in place for the duration of the arrangement. (j) New Accounting Pronouncements : Accounting Standards Updates (“ASU”) adopted in 2018 : In March 2018, the FASB issued ASU 2018-05, “Income Taxes (Topic 740), Amendments Pursuant to SEC Staff Accounting Bulletin No. 118.” The ASU adds various Securities and Exchange Commission (“SEC”) paragraphs pursuant to the issuance of the December 2017 SEC Staff Accounting Bulletin No. 118 (“SAB 118”), Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which was effective immediately. The SEC issued SAB 118 to address concerns about reporting entities’ ability to timely comply with the accounting requirements to recognize all of the effects of the Tax Cuts and Jobs Act in the period of enactment. SAB 118 requires disclosure that timely determination of some or all of the income tax effects from the Tax Cuts and Jobs Act are incomplete at the time of filing the financial statements and disclosure upon completion of measurement of the effects. Additionally, the Company has accounted for the tax effects of the Tax Cuts and Jobs Act under the guidance of SAB 118 on a provisional basis as the Company has determined reasonable estimates for those effects and has recorded the provisional amounts in its condensed consolidated financial statements as of September 30, 2018 and December 31, 2017 . In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 provides guidance that requires an employer to report the service cost component separate from the other components of net benefit pension costs. The employer is required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside the subtotal of income from operations, if one is presented. If a separate line item is not used, the line item used in the income statement must be disclosed. The Company adopted ASU 2017-07 during the first quarter of 2018 using a retrospective adoption method. Other than the revised statement of operations presentation, the adoption of ASU 2017-07 did not have a material impact on the Company’s condensed consolidated financial statements. Three Months Ended Nine Months Ended September 30, 2017 September 30, 2017 As Previously Reported Adoption of ASU 2017-07 As Revised As Previously Reported Adoption of ASU 2017-07 As Revised Operating, selling, administrative and general expenses $ 83,172 $ (490 ) $ 82,682 $ 251,124 $ (1,470 ) $ 249,654 Operating income 59,233 490 59,723 185,974 1,470 187,444 Other, net 1,864 (490 ) 1,374 4,922 (1,470 ) 3,452 Income before provision for income taxes $ 26,950 $ — $ 26,950 $ 70,316 $ — $ 70,316 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) (“ASU 2016-18”). ASU 2016-18 provides guidance on the classification of restricted cash to be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts on the statement of cash flows. The Company adopted ASU 2016-18 during the first quarter of 2018 using a retrospective adoption method. Other than the changes in presentation within the statement of cash flows, the adoption of ASU 2016-18 did not have a material impact on the Company’s condensed consolidated financial statements. See Note 1. item (j) for a reconciliation of cash, cash equivalents, and restricted cash from the condensed consolidated balance sheet to the condensed consolidated statement of cash flows. Nine Months Ended September 30, 2017 As Previously Reported Adoption of ASU 2016-18 As Revised Decrease in restricted assets $ (3,541 ) $ 5,653 $ 2,112 Net cash used in investing activities (51,425 ) 5,653 (45,772 ) Net increase in cash, cash equivalents and restricted cash 2,530 5,653 8,183 Cash, cash equivalents and restricted cash, beginning of period 393,530 5,048 398,578 Cash, cash equivalents and restricted cash, end of period 396,060 10,701 406,761 In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice on how certain cash receipts and payments are presented and classified in the statement of cash flows. The standard provides guidance in a number of situations including, among others, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and distributions received from equity-method investees. ASU 2016-15 also provides guidance for classifying cash receipts and payments that have aspects of more than one class of cash flows. ASU 2016-15 was effective for the Company’s fiscal year beginning January 1, 2018. Other than the changes in presentation within the statement of cash flows, the adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (“ASU 2016-08”). ASU 2016-08 does not change the core principle of the guidance stated in ASU 2014-09, Revenue from Contracts with Customers (Topic 606), (“ASU 2014-9”), instead, the amendments in this ASU are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations and whether an entity reports revenue on a gross or net basis. ASU 2016-08 had the same effective date and transition requirements as the new revenue standard issued in ASU 2014-09. In May 2014, the FASB issued ASU 2014-09. The new revenue standard outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new revenue standard contains principles to determine the measurement of revenue and timing of when it is recognized. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the provisions of this guidance on January 1, 2018 using the modified retrospective approach with a cumulative-effect adjustment to beginning stockholders’ deficiency at January 1, 2018. The Comparative information has not been restated and continues to be reported under the accounting standards in effect for the period presented. See Note 2 - Revenue Recognition, for additional accounting policy and transition disclosures. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 modifies how entities measure equity investments and present changes in the fair value of financial liabilities. Under the new guidance, entities have to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments - Overall (Subtopic 825-10) (“ASU 2018-03”), which amends the guidance in ASU 2016-01 by replacing the cost method of accounting for non-marketable equity securities with a model for recognizing impairments and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company adopted the new guidance during the first quarter of 2018 using a modified-retrospective method for equity securities measured at fair value and early adopted the amendments for equity securities without readily determinable fair values that do not qualify for the practical expedient. The adoption of the guidance resulted in a cumulative-effect adjustment that decreased beginning accumulated deficit by $14,874 . The adjustment consisted of $6,036 , net of tax related to the reclassification from accumulated other comprehensive income (“AOCI”) into accumulated deficit of the net unrealized gains and related tax impact pertaining to investment securities that were previously classified as equity securities available for sale and fixed-income securities available for sale. The net impact of $8,838 to stockholder’s deficiency related to the change in accounting treatment for equity securities previously classified as cost-method long-term investments. In March 2018, the FASB issued ASU 2018-04, Investments - Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (“ASU 2018-04”), which incorporate into the Accounting Standards Codification (“ASC”) recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting guidance, such as Topic 321, and SEC rules and regulations. The guidance also amends and supersedes various paragraphs that contain SEC guidance in ASC 320, Investments - Debt Securities and ASC 980, Regulated Operations. The Company indirectly adopted this guidance upon the adoption of ASU 2016-01 during the first quarter of 2018. There was no additional impact on the Company’s condensed consolidated financial statements other than those resulting from the adoption of ASU 2016-01. ASUs to be adopted in future periods: In August 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-15 will have on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018-14”). ASU 2018-14 eliminates the requirement to disclose the amounts in accumulated other comprehensive income expected to be recognized as part of net periodic benefit cost over the next year. The ASU also removes the disclosure requirements for the effects of a one-percentage-point change on the assumed health care costs and the effect of this change in rates on service cost, interest cost and the benefit obligation for postretirement health care benefits. ASU 2018-14 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. Early adoption is permitted. The adoption of ASU 2018-14 will only impact financial statement disclosure with no impact on operating results. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which is designed to improve the effectiveness of disclosures by removing, modifying and adding disclosures related to fair value measurements. The ASU eliminates disclosures such as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy. The ASU also adds new disclosure requirements for Level 3 measurements. ASU No. 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of ASU 2018-13 will only impact financial statement disclosure with no impact on operating results. In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements (“ASU 2018-09”). This standard does not prescribe any new accounting guidance, but instead makes minor improvements and clarifications of several different FASB Accounting Standards Codification areas based on comments and suggestions made by various stakeholders. Certain updates are applicable immediately while others provide for a transition period to adopt as part of the next fiscal year beginning after December 15, 2018. For the updates effective immediately, their adoption did not have a material impact on the Company’s condensed consolidated financial statements. The Company is currently assessing the impact of the portions of ASU 2018-09 that are effective after December 15, 2018 on the Company’s condensed consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which simplifies the accounting for share-based payments granted to nonemployees for goods and services. ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-07 will have on the Company’s condensed consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which allows for stranded tax effects in accumulated other comprehensive income resulting from the Tax Act to be reclassified to retained earnings. ASU 2018-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-02 will have on the Company’s condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Revenue Recognition Accounting Pronouncement Adoption On January 1, 2018, the Company adopted Topic 606 applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the FASB Accounting Standard Codification Topic 605 (“Topic 605”) in effect for the prior periods and are, therefore, not comparative. The following practical expedients and optional disclosure exemptions available under Topic 606 have been applied: 1. The Company applied the practical expedient in paragraph 606-10-65-1(h) of Topic 606, and did not restate contracts that were completed as of the date of initial application i.e. January 1, 2018. 2. The Company applied the practical expedient in paragraph 606-10-65-1(f)(4) of Topic 606, and did not separately evaluate the effects of contract modifications. Instead, the Company reflected the aggregate effect of all the modifications that occurred before the initial application date, i.e. January 1, 2018. 3. The Company applied the optional exemption in paragraph 606-10-50-14 of Topic 606, and has not disclosed the amount of the transaction price allocated to the remaining performance obligations for the Real Estate property management business because the contracts to provide property management services are typically annual contracts and provide cancellation rights to customers. 4. The Company applied the optional exemption in paragraph 606-10-50-14A of Topic 606, and has not disclosed the amount of the transaction price allocated to the remaining performance obligations for the Real Estate development marketing business because the transaction prices in these contracts are comprised entirely of variable consideration based on the ultimate selling price of each unit in the subject property. The total contract transaction price is allocated to each unit in the subject property and recognized when the performance obligation, i.e. the sale of each unit, is satisfied. Accordingly, the transaction price allocated to the remaining performance obligations for the development marketing business represents variable consideration allocated entirely to wholly unsatisfied performance obligations. The details of the significant changes and quantitative impact of the changes resulting in the adoption of Topic 606 are set out below. Tobacco: The adoption of the new revenue standard had no impact on the timing of Tobacco revenue recognition. However, certain amounts previously classified as revenue, cost of sales and operating, selling, administrative and general expenses in the condensed consolidated statement of operations are classified differently beginning January 1, 2018. Certain amounts previously classified as other current liabilities on the condensed consolidated balance sheet as of January 1, 2018 and September 30, 2018 were also reclassified. Upon adoption of the new revenue standard, the Company elected to account for shipping and handling expenses that occur after the customer has obtained control of cigarettes as a fulfillment activity in cost of sales. Prior to the adoption of Topic 606, these costs were recorded as operating, selling, administrative and general expenses. In addition, the Company determined that payments to customers attributed to the sharing of sales data that were previously presented as operating, selling, administrative and general expenses do not constitute a distinct service under the new standard and are now presented as a reduction in Tobacco revenue. Prior to the adoption of Topic 606, the Company’s allowance for expected sales returns, net of expected federal excise tax recoveries was presented in other current liabilities. Changes in the allowance for expected returns were reflected as a change in Tobacco revenue. Upon adoption of Topic 606, the Company records an allowance for goods estimated to be returned in other current liabilities and an associated receivable for anticipated federal excise tax refunds in other current assets on the condensed consolidated balance sheet. Changes in the liability for sales returns continue to be reflected in Tobacco revenue, while changes in the receivable associated with expected federal excise tax refunds on returns are reflected in Tobacco cost of sales. Real Estate. Certain services and advanced payments in the Company’s Real Estate development marketing business do not meet the requirements for revenue recognition as a separate performance obligation. Accordingly, these revenues, previously recognized, have been deferred under the new standard until the performance obligation is met. In addition, certain direct fulfillment costs in its Real Estate development marketing business that were previously expensed upon payment, have now been deferred under the new standard until the performance obligation is met. Certain expense reimbursements, previously recorded as a reduction of operating expense, are now presented as revenue under Topic 606 as the Company is the principal in the related transaction. Some real estate brokerage commercial leasing contracts specify extended payment terms for commission payments. Under Topic 606, revenue is recognized at the time the performance obligation is satisfied, including any amounts of future payments for extended payment terms. Accordingly, these future payments, previously recognized as revenue upon receipt, have been accrued under the new standard when the performance obligation is satisfied. Impacts on Financial Statements on January 1, 2018 : The Company recorded an adjustment of $21,695 due to the cumulative impact of adopting Topic 606 which resulted in an increase to opening stockholders’ deficiency, allocated to increases in accumulated deficit and decreases in non-controlling interest as of January 1, 2018. The following tables summarize the impacts of Topic 606 adoption on the Company’s condensed consolidated balance sheet as of January 1, 2018. As Previously Reported Adjustments As Revised December 31, 2017 Tobacco Real Estate January 1, 2018 ASSETS: Accounts receivable - trade, net $ 29,481 $ — $ 4,514 (2) $ 33,995 Other current assets 21,121 2,525 (1) 623 (3) 24,269 Total current assets 613,709 2,525 5,137 621,371 Other assets 36,786 — 3,740 (3) 40,526 Total assets $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 LIABILITIES AND STOCKHOLDERS’ DEFICIENCY: Other current liabilities $ 157,123 $ 2,525 (1) $ 7,806 (2)(4) $ 167,454 Total current liabilities 204,639 2,525 7,806 214,970 Deferred income taxes, net 58,801 — (5,217 ) (5) 53,584 Other liabilities 22,380 — 27,983 (4) 50,363 Total liabilities 1,660,038 2,525 30,572 1,693,135 Accumulated deficit (414,785 ) — (13,780 ) (428,565 ) Total Vector Group Ltd. stockholders' deficiency (413,919 ) — (13,780 ) (6) (427,699 ) Non-controlling interest 82,159 — (7,915 ) (6) 74,244 Total stockholders' deficiency (331,760 ) — (21,695 ) (353,455 ) Total liabilities and stockholders' deficiency $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 (1) Adjustments to other current assets and other current liabilities for $2,525 relates to the presentation as a receivable the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (2) Adjustments of $4,514 to accounts receivable and $3,139 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (3) Adjustments of $623 to other current assets and $3,740 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $4,667 to other current liabilities and $27,983 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustment reflects the tax effect of the adoption of Topic 606 which was estimated to result in a decrease in net deferred income tax liability of $5,217 based on a recalculation of the income tax provision using the Company’s deferred rate of approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. Impacts on Financial Statements at September 30, 2018 : The following table compares the reported condensed consolidated balance sheet as of September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) ASSETS: Accounts receivable - trade, net $ 27,918 $ 25,945 $ 1,973 (1) Other current assets 45,671 41,938 3,733 (2)(3) Total current assets 661,668 655,962 5,706 Other assets 52,076 47,808 4,268 (3) Total assets $ 1,346,874 $ 1,336,900 $ 9,974 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Income taxes payable, net $ 5,079 $ 4,256 $ 823 (6) Other current liabilities 140,409 128,982 11,427 (1)(2)(4) Total current liabilities 524,096 511,846 12,250 Deferred income taxes, net 51,587 57,162 (5,575 ) (5) Other liabilities 52,730 25,416 27,314 (4) Total liabilities 1,819,324 1,785,335 33,989 Stockholders' deficiency: — Accumulated deficit (541,202 ) (525,647 ) (15,555 ) (6) Total Vector Group Ltd. stockholders' deficiency (544,830 ) (529,275 ) (15,555 ) Non-controlling interest 72,380 80,840 (8,460 ) (6) Total stockholders' deficiency (472,450 ) (448,435 ) (24,015 ) Total liabilities and stockholders' deficiency $ 1,346,874 $ 1,336,900 $ 9,974 (1) Adjustments of $1,973 to accounts receivable and $1,295 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (2) Adjustments to other current assets and other current liabilities for $2,089 relates to the presentation of the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (3) Adjustments of $1,644 to other current assets and $4,268 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $8,043 to other current liabilities and $27,314 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustments reflect the tax effect of the adoption of Topic 606 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. The following table compares the reported condensed consolidated statement of operations for the three months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 302,009 $ 302,483 $ (474 ) Real estate 211,860 208,861 2,999 Total revenues 513,869 511,344 2,525 (1) Expenses: Cost of sales: Tobacco 219,769 218,030 1,739 Real estate 140,533 140,603 (70 ) Total cost of sales 360,302 358,633 1,669 (2) Operating, selling, administrative and general expenses 87,549 89,933 (2,384 ) (3) Operating income 66,018 62,778 3,240 Income before provision for income taxes 29,714 26,474 3,240 Income tax expense 14,686 13,740 946 (4) Net income 15,028 12,734 2,294 Net income attributed to non-controlling interest (3,026 ) (2,073 ) (953 ) Net income attributed to Vector Group Ltd. $ 12,002 $ 10,661 $ 1,341 Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.06 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.05 (1) The impact to revenue for the three months ended September 30, 2018 was an increase of $2,525 primarily due to $8,428 in revenue recognized for performance obligations satisfied in the current period for a significant number of property sale closings that occurred in the Real Estate Development Marketing business, offset by $5,454 in advance commission and reimbursable services payments received in the current period that are deferred since they do not constitute satisfied performance obligations under Topic 606. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $574 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $100 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $1,669 primarily related to the reclassification of $1,639 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606. (3) The impact to operating, selling, administrative and general expenses was a decrease of $2,384 primarily due to: • The reclassification of $1,639 Tobacco shipping and handling costs to cost of sales, • The reclassification of $574 incentive payments to customers to revenue for the Tobacco business, (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $946 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . The following table compares the reported condensed consolidated statement of operations for the nine months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 843,958 $ 845,116 $ (1,158 ) Real estate 580,365 585,194 (4,829 ) Total revenues 1,424,323 1,430,310 (5,987 ) (1) Expenses: Cost of sales: Tobacco 597,492 592,747 4,745 Real estate 389,851 391,695 (1,844 ) Total cost of sales 987,343 984,442 2,901 (2) Operating, selling, administrative and general expenses 262,961 269,994 (7,033 ) (3) Operating income 175,963 177,818 (1,855 ) Income before provision for income taxes 67,082 68,937 (1,855 ) Income tax expense 29,394 29,859 (465 ) (4) Net income 37,688 39,078 (1,390 ) Net income attributed to non-controlling interest (657 ) (1,202 ) 545 Net income attributed to Vector Group Ltd. $ 37,031 $ 37,876 $ (845 ) Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 (1) The impact to revenue for the nine months ended September 30, 2018 was a decrease of $5,987 primarily due to $3,973 of commission revenue payments received in the current period for the Real Estate Commercial Leasing business relating to performance obligations satisfied and accrued for in prior periods under Topic 606, and $15,551 in advance commission and reimbursable services payments received in the current period for the Real Estate Development Marketing business that are deferred since they do not constitute satisfied performance obligations under Topic 606. These decreases were offset by $14,697 in revenue recognized for performance obligations satisfied in the current period. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $1,594 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $436 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $2,901 primarily related to the reclassification of $4,309 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606, offset by a $1,844 decrease from the Real Estate business related primarily to commission expense payments made in the current period that relate to performance obligations satisfied and accrued for in prior periods or deferred until the performance obligation is satisfied. (3) The impact to operating, selling, administrative and general expenses was a decrease of $7,033 primarily due to: • The reclassification of $4,309 Tobacco shipping and handling costs to cost of sales, • The reclassification of $1,594 incentive payments to customers to revenue for the Tobacco business, • The deferral of $2,547 of direct costs in the Real Estate Development Marketing business related to performance obligations not satisfied as discussed above, offset by the amortization of previously deferred contract costs of $998 . • The reclassification of $419 of reimbursable service payments to revenue related to the Real Estate Development Marketing business. (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $465 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . The adoption of the standard did not have a material impact to the Company’s condensed consolidated statement of cash flows for the nine months ended September 30, 2018 . Revenue Recognition Policies Revenue is measured based on a consideration specified in a contract with a customer and excludes any sales incentives. Revenue is recognized when (a) an enforceable contract with a customer exists, that has commercial substance, and collection of substantially all consideration for services is probable; and (b) the performance obligations to the customer are satisfied either over time or at a point in time. Tobacco sales: Prior to the adoption of Topic 606, revenues from cigarette sales, which included federal excise taxes billed to customers, were recognized upon the shipment of finished goods when title and risk of loss had passed to the customer, there was persuasive evidence of an arrangement, the sale price was fixed or determinable and collectability was reasonably assured. The Company provided an allowance for expected sales returns, net of any related cost recoveries (e.g. federal excise taxes). Certain sales incentives, including promotional price discounts, were presented as reductions of net sales. Shipping and handling fees related to sales transactions were recorded as operating, selling, administrative and general expenses. After the adoption of Topic 606, revenue from cigarette sales, which include federal excise taxes billed to customers, are recognized upon shipment of cigarettes when control has passed to the customer. Average collection terms for Tobacco sales range between three and twelve days from the time that the cigarettes are shipped to the customer. The Company records an allowance for goods estimated to be returned in other current liabilities and the associated receivable for anticipated federal excise tax refunds in other current assets on the condensed consolidated balance sheet. The allowance for returned goods is based principally on sales volumes and historical return rates. The estimated costs of sales incentives, including customer incentives and trade promotion activities, are based principally on historical experience and are accounted for as reductions in Tobacco revenue. Expected payments for sales incentives are included in other current liabilities on the Company’s condensed consolidated balance sheet. The Company accounts for shipping and handling costs as fulfillment costs as part of cost of sales. Real estate sales: Prior to the adoption of Topic 606, revenue was recognized only when persuasive evidence of an arrangement existed, the price was fixed or determinable, the transaction had been completed and collectability of the resulting receivable was reasonably assured. Real estate commissions earned by the Company’s real estate brokerage businesses were recorded as revenue upon the closing of a real estate sale or leasing transaction, as evidenced when the escrow or similar account was closed, the transaction documents have been recorded and funds were distributed to all appropriate parties. Agents’ commissions expense was recognized as cost of sales concurrently with related revenues. Property management fees were recorded as revenue when the related services were performed and the earnings process was complete. Title insurance commission fee revenue is earned when the sale of the title insurance policy is completed, which corresponds to the point in time when the underlying real estate sale transaction closes and the payment is received. After the adoption of Topic 606, real estate commissions earned by the Company’s real estate brokerage businesses are recognized as revenue at the point in time that the real estate sale is completed or lease agreement is executed, which is the point in time that the performance obligation is satisfied. Any commission and other payments received in advance are deferred until the satisfaction of the performance obligation. Corresponding agent commission expenses, including any advance commission or other direct expense payments, are deferred and recognized as cost of sales concurrently with related revenues. The accounting for these commissions and other brokerage income under Topic 606 are largely consistent with the previous accounting for these transactions under Topic 605, except for customer arrangements in the development marketing business and extended payments terms that exist in some commercial leasing contracts. The Company’s Real Estate revenue contracts with customers do not have multiple material performance obligations to customers under Topic 606, except for contracts in the Company’s development marketing business. Contracts in the development marketing business provide the Company with the exclusive right to sell units in a subject property for a commission fee per unit sold calculated as a percentage of the sales price of each unit. Accordingly, a performance obligation exists for each unit in the development marketing property under contract, and a portion of the total contract transaction price is allocated to and recognized at the time each unit is sold. Under development marketing service arrangements, dedicated administrative staff are required for a subject property and these costs are typically reimbursed from the customer through advance payments that sometimes are recoupable from future commission earnings. Advance payments received and associated direct costs paid are deferred, allocated to each unit in the subject property, and recognized consistent with the pattern of value transferred to the customer, which is at the time of the completed sale of each unit. Under Topic 605 any advance payments received that were non-refundable were recognized as revenue when received. Similarly, under Topic 605 any non-refundable advance payments made of commission expenses and other direct costs were expensed when paid. Development marketing service arrangements also include direct fulfillment costs incurred in advance of the satisfaction of the performance obligation. The Company capitalizes costs incurred in fulfilling a contract with a customer if the fulfillment costs 1) relate directly to an existing contract or anticipated contract, 2) generate or enhance resources that will be used to satisfy performance obligations in the future, and 3) are expected to be recovered. These costs are amortized over the estimated customer relationship period which is the contract term. The Company uses an amortization method that is consistent with the pattern of transfer of goods or services to its customers by allocating these costs to each unit the subject property and expensing these costs as each unit is sold. Under Topic 605, these direct costs were expensed as incurred. Revenue is recognized at the time the performance obligation is met for commercial leasing contracts, which is when the lease agreement is executed, as there are no further performance obligations, including any amounts of future payments under extended payment terms. Under Topic 605, these future payments were recognized as revenue upon receipt because collectibility might not have been reasonably assured at the time the performance obligation was met. Property management revenue arrangements consist of providing operational and administrative services to manage a subject property. Fees for these services are typically billed and collected monthly. Property management service fees are recognized as revenue over time using the output method as the performance obligations under the customer arrangement are satisfied each month, which are largely consistent with the accounting practices under Topic 605. Disaggregation of Revenue In the following table, revenue is disaggregated by major product line for the Tobacco segment: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Tobacco Segment Revenues: Core Discount Brands - Pyramid, Grand Prix, Liggett Select, Eve and EAGLE 20’s $ 274,405 $ 267,326 $ 764,306 $ 739,840 Other Brands 27,604 26,919 79,652 84,036 Total tobacco revenues $ 302,009 $ 294,245 $ 843,958 $ 823,876 In the following table, revenue is disaggregated by major services line and primary geographical market for the Real Estate segment: Three Months Ended September 30, 2018 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 177,481 $ 79,192 $ 48,996 $ 22,491 $ 26,802 Development marketing 24,677 16,187 — 8,088 402 Property management income 8,147 8,528 (381 ) — — Title fees 1,174 — 1,174 — — Total Douglas Elliman Realty revenue 211,479 103,907 49,789 30,579 27,204 Other real estate revenues 381 — — — 381 Total real estate revenues $ 211,860 $ 103,907 $ 49,789 $ 30,579 $ 27,585 Three Months Ended September 30, 2017 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 167,510 $ 89,616 $ 47,958 $ 17,379 $ 12,557 Development marketing 13,882 9,773 — 3,309 800 Property management income 7,793 7,622 171 — — Title fees 1,196 — 1,196 — — Total Douglas Elliman Realty revenue 190,381 107,011 49,325 20,688 13,357 Other real estate revenues 479 — — — 479 Total real estate revenues $ 190,860 $ 107,011 $ 49,325 $ 20,688 $ 13,836 Nine Months Ended September 30, 2018 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 495,788 $ 215,775 $ 124,902 $ 78,798 $ 76,313 Development marketing 51,422 37,356 252 13,169 645 Property management income 25,226 25,226 — — — Title fees 4,085 — 4,085 — — Total Douglas Elliman Realty revenue 576,521 278,357 129,239 91,967 76,958 Other real estate revenues 3,844 — — 3,844 Total real estate revenues $ 580,365 $ 278,357 $ 129,239 $ 91,967 $ 80,802 Nine Months Ended September 30, 2017 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 477,784 $ 262,648 $ 126,799 $ 61,205 $ 27,132 Development marketing 38,976 26,990 96 9,470 2,420 Property management income 24,149 23,625 524 — — Title fees 3,719 — 3,719 — — Total Douglas Elliman Realty revenue 544,628 313,263 131,138 70,675 29,552 Other real estate revenues 3,798 — — — 3,798 Total real estate revenues $ 548,426 $ 313,263 $ 131,138 $ 70,675 $ 33,350 The majority of the Company’s consolidated revenues are recognized at point in time. A small portion of revenues from contracts with customers are earned by providing services, such as property management, and these performance obligations are satisfied over time. Contract Balances The following table provides information about receivables, contracts assets, and contract liabilities from contracts with customers: September 30, 2018 At Adoption Receivables, which are included in accounts receivable - trade, net $ 1,973 $ 4,514 Contract costs, net, which are included in other current assets 1,644 623 Payables, which are included in other current liabilities 1,295 3,139 Contract liabilities, which are included in other current liabilities 8,043 4,667 Contract costs, net, which are included in other assets 4,268 3,740 Contract liabilities, which are included in other liabilities 27,314 27,983 Receivables and payables relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve months. Receivables decreased $2,541 for the nine -month period ended September 30, 2018 primarily due to cash collections of $3,973 , offset by additional revenue accrued as performance obligations are satisfied. Correspondingly, payables decreased $1,844 primarily due to cash payments of $2,448 , offset by additional expense accruals as performance obligations are satisfied. Contract costs relate to direct fulfillment costs incurred in advance of the satisfaction of the performance obligation for Development Marketing arrangements. The Company capitalizes costs incurred in fulfilling a contract with a customer if the fulfillment costs 1) relate directly to an existing contract or anticipated contract, 2) generate or enhance resources that will be used to satisfy performance obligations in the future, and 3) are expected to be recovered. These costs are amortized over the estimated customer relationship period consistent with the pattern of transfer of goods or services to its customers. Contract liabilities relate to payments received in advance of the performance obligations being satisfied under the contract for the Real Estate development marketing and are recognized as revenue at the points in time when the Company performs under the contract. Performance obligations related to the Real Estate development marketing contracts are considered satisfied when each unit is closed. Development marketing projects tend to span 4 to 6 years from the time the Company enters into the contract with the developer to the time that all of the sales of the units in a subject property are closed. The timing for sales closings are dependent upon several external factors outside the Company’s control, including but not limited to, economic factors, seller and buyer actions, construction timing and other real estate market factors. Accordingly, all contract liabilities and contract costs asso

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of: September 30, December 31, Leaf tobacco $ 36,153 $ 45,801 Other raw materials 3,689 3,272 Work-in-process 386 358 Finished goods 65,869 63,363 Inventories at current cost 106,097 112,794 LIFO adjustments (21,804 ) (23,004 ) $ 84,293 $ 89,790 All of the Company’s inventories at September 30, 2018 and December 31, 2017 are reported under the LIFO method. The $21,804 LIFO adjustment as of September 30, 2018 decreases the current cost of inventories by $15,242 for Leaf tobacco, $124 for Other raw materials, $17 for Work-in-process and $6,421 for Finished goods. The $23,004 LIFO adjustment as of December 31, 2017 decreased the current cost of inventories by $16,442 for Leaf tobacco, $123 for Other raw materials, $18 for Work-in-process and $6,421 for Finished goods. Liggett enters into purchase commitments with third-party providers for leaf tobacco. The future quantities of leaf tobacco and prices are established at the date of the commitments. At September 30, 2018 , Liggett had tobacco purchase commitments of approximately $23,999 . Liggett has a single source supply agreement for reduced ignition propensity cigarette paper through 2019. Each period, the Company capitalizes in inventory the portion of its MSA liability that relates to cigarettes shipped to public warehouses but not sold. The amount of capitalized MSA cost in “Finished goods” inventory was $18,045 and $17,440 at September 30, 2018 and December 31, 2017 , respectively. Federal excise tax in inventory was $26,402 and $25,151 at September 30, 2018 and December 31, 2017

Investment Securities At Fair V

Investment Securities At Fair Value	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities At Fair Value	INVESTMENT SECURITIES AT FAIR VALUE Investment securities at fair value consisted of the following: September 30, 2018 December 31, 2017 Debt securities available for sale $ 84,252 $ 84,814 Equity securities available for sale — 65,675 Equity securities at fair value 50,994 — Total investment securities at fair value $ 135,246 $ 150,489 On January 1, 2018, the Company adopted the amendments in ASU 2016-01 which required all equity securities to be measured at fair value with changes in fair value recognized in net income. Therefore, all of the Company’s equity investments that were classified as equity securities available for sale at December 31, 2017 are now classified as equity securities at fair value. These equity securities include marketable equity securities and mutual funds invested in fixed-income securities that had fair values of $44,634 and $21,041 at December 31, 2017, respectively, as shown below. Prior to the adoption of ASU 2016-01, equity securities were measured at fair value with unrealized gains and losses reported as a separate component of AOCI, net of tax. At December 31, 2017, $9,681 of net unrealized gains related to equity securities had been recognized in AOCI. After the adoption of ASU 2016-01, these unrealized gains and losses were reclassified out of AOCI and into opening stockholders’ deficiency with subsequent changes in fair value being recognized in net income. Sales of investment securities totaled $14,895 and $23,066 and proceeds from early redemptions by issuers totaled $18,192 and $97,011 in the nine months ended September 30, 2018 and 2017 , respectively, mainly from the sales and redemptions of Corporate securities and U.S. Government securities. (a) Debt and Equity Securities Available for Sale The components of debt securities available for sale at September 30, 2018 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 84,250 $ 2 $ — $ 84,252 Total debt securities available for sale $ 84,250 $ 2 $ — $ 84,252 The table below summarizes the maturity dates of debt securities available for sale at September 30, 2018 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 28,311 $ 11,215 $ 17,096 $ — Corporate securities 42,858 9,124 33,734 — U.S. mortgage-backed securities 3,194 771 2,423 — Commercial mortgage-backed securities 407 — 407 — Commercial paper 5,992 5,992 — — Index-linked U.S. bonds 2,345 1,576 769 — Foreign fixed-income securities 1,145 153 992 — Total debt securities available for sale by maturity dates $ 84,252 $ 28,831 $ 55,421 $ — The components of debt and equity securities available for sale at December 31, 2017 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable equity securities $ 35,020 $ 10,994 $ (1,380 ) $ 44,634 Mutual funds invested in fixed income securities 20,977 93 (29 ) 21,041 Marketable debt securities 84,708 106 — 84,814 Total debt and equity securities available for sale $ 140,705 $ 11,193 $ (1,409 ) $ 150,489 The available-for-sale investment securities with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows: In loss position for Less than 12 months 12 months or more Fair Value Unrealized Losses Fair Value Unrealized Losses Total Fair Value Total Unrealized Losses December 31, 2017 Marketable equity securities $ 9,523 $ (1,380 ) $ — $ — $ 9,523 $ (1,380 ) Mutual funds invested in fixed-income securities 10,483 (29 ) — — 10,483 (29 ) $ 20,006 $ (1,409 ) $ — $ — $ 20,006 $ (1,409 ) Unrealized losses from marketable equity securities were due to market price movements. Unrealized losses from mutual funds invested in fixed-income securities were primarily attributable to changes in interest rates. Gross realized gains and losses on debt and equity securities available for sale were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gross realized gains on sales $ 1 $ 141 $ 3 $ 419 Gross realized losses on sales (5 ) (45 ) (20 ) (136 ) Net (losses) gains on sale of debt and equity securities available for sale $ (4 ) $ 96 $ (17 ) $ 283 Gross realized losses on other-than-temporary impairments $ (161 ) $ (53 ) $ (972 ) $ (179 ) Although management generally does not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing the Company’s investment securities portfolio, management may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements. (b) Equity Securities at Fair Value Equity securities at fair value consisted of the following: September 30, 2018 Marketable equity securities $ 29,807 Mutual funds invested in fixed income securities 21,187 Total equity securities at fair value $ 50,994 The following is a summary of unrealized and realized net losses and gains recognized in net income on equity securities at fair value after the adoption of ASU 2016-01 during the three and nine months ended September 30, 2018 : Three Months Ended Nine Months Ended September 30, September 30, 2018 2018 Net losses recognized on equity securities (1) $ (797 ) $ (306 ) Less: Net losses recognized on equity securities sold (717 ) (534 ) Net unrealized (losses) gains recognized on equity securities still held at the reporting date $ (80 ) $ 228 (1) Includes $405 and $3,641 of net gains recognized on equity securities at fair value that qualify for the net asset value (“NAV”) practical expedient during the three and nine months ended September 30, 2018 , respectively. These equity securities are included in the “Long-term investments” line item on the condensed consolidated balance sheet and are further discussed in Note 5 . The Company’s marketable equity securities and mutual funds invested in fixed-income securities are classified as Level 1 under the fair value hierarchy disclosed in Note 11 . Their fair values are based on quoted prices for identical assets in active markets or inputs that are based upon quoted prices for similar instruments in active markets. (c) Equity Securities Without Readily Determinable Fair Values That Do Not Qualify for the NAV Practical Expedient Equity securities without readily determinable fair values that do not qualify for the NAV practical expedient consisted of investments in the common stock of a reinsurance company and a residential real estate company. At December 31, 2017 , prior to the adoption of ASU 2016-01 and ASU 2018-03, these investments were classified as cost-method long-term investments and had a total carrying value of $5,428 . On January 1, 2018, upon the adoption of the new guidance, the Company classified these investments as equity securities without readily determinable fair values that do not qualify for the NAV practical expedient and valued them at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. At September 30, 2018 , the total carrying value of these investments were $5,428 , of which $428 was included in “Other current assets” and $5,000 was included in “Other assets” on the condensed consolidated balance sheet. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the nine months ended September 30, 2018

Long-Term Investments

Long-Term Investments	9 Months Ended
	Sep. 30, 2018
Long-term Investments [Abstract]
Long-Term Investments	LONG-TERM INVESTMENTS Long-term investments consisted of the following: September 30, 2018 December 31, 2017 Equity securities at fair value that qualify for the NAV practical expedient $ 58,787 $ — Investments accounted at cost — 65,450 Equity-method investments 17,665 15,841 $ 76,452 $ 81,291 (a) Equity Securities at Fair Value That Qualify for the NAV Practical Expedient The amendments of ASU 2016-01 adopted on January 1, 2018 triggered a change in the accounting classification and accounting treatment of the Company’s long-term investments accounted at cost at December 31, 2017. Under the new guidance, certain investments are now measured at fair value and are classified as equity securities at fair value that qualify for the NAV practical expedient. The Company, using the practical expedient, estimates the fair value of these equity securities within the scope of ASC 820-10-15-4 through 15-5 using the per share NAV, which represents the amount of net assets attributable to each share of capital stock outstanding at the close of the period. These investments qualify for the NAV practical expedient because they do not have readily determinable fair values and are investment companies within the scope of Topic 946. The adoption of the guidance as it relates to these investments resulted in a cumulative-effect adjustment that increased opening stockholders’ deficiency by $8,838 . The Company’s equity securities at fair value that qualify for the NAV practical expedient are classified as Level 2 under the fair value hierarchy disclosed in Note 11 because they are measured at NAV per share. The estimated fair value of these investments was provided by the partnerships based on the indicated market values of the underlying assets or investment portfolio. The investments in these investment partnerships are illiquid and the ultimate realization of these investments is subject to the performance of the underlying partnership and its management by the general partners. The Company redeemed two of its investments that qualify for the NAV practical expedient and redeemed 50% of another investment during September 2018. The Company recorded $14,143 of in-transit redemptions from the proceeds at September 30, 2018 . $5,000 of the 2017 long-term investment balance of $65,450 is now classified as equity securities without readily determinable fair values that do not qualify for the NAV practical expedient. Refer to Note 4 for disclosures related to this investment. (b) Cost-Method Investments: Long-term investments accounted at cost consisted of the following: December 31, 2017 Carrying Fair Value Value Investment partnerships $ 65,450 $ 74,111 $ 65,450 $ 74,111 The principal business of the investment partnerships is investing in investment securities. The estimated fair value of the investment partnerships was provided by the partnerships based on the indicated market values of the underlying assets or investment portfolio. The investments in these investment partnerships are illiquid and the ultimate realization of these investments is subject to the performance of the underlying partnership and its management by the general partners. If it is determined that an other-than-temporary decline in fair value exists in long-term investments, the Company records an impairment charge with respect to such investment in its condensed consolidated statements of operations. The Company will continue to perform additional assessments to determine the impact, if any, on the Company’s condensed consolidated financial statements. Thus, future impairment charges may occur. The Company has accounted for these investments using the cost method of accounting because the investments did not meet the requirements for equity-method accounting. The Company invested $25,000 in five new investments and made an additional contribution of $1,500 to three of its existing investments during the nine months ended September 30, 2017 . The Company received cash distributions of $1,163 from the Company’s investments in long-term investments under the cost method for the nine months ended September 30, 2017 . The long-term investments were carried on the condensed consolidated balance sheet at cost at December 31, 2017 . The fair value determination disclosed above would be classified as Level 3 under fair value hierarchy disclosed in Note 11 if such assets were recorded on the condensed consolidated balance sheet at fair value. The fair value determinations disclosed above were based on company assumptions, and information obtained from the partnerships based on the indicated market values of the underlying assets of their investment portfolio. (c) Equity-Method Investments: Equity-method investments consisted of the following: September 30, December 31, 2017 Indian Creek Investors LP (“Indian Creek”) $ 6,150 $ 4,498 Boyar Value Fund (“Boyar”) 9,506 9,026 Ladenburg Thalmann Financial Services Inc. (“LTS”) 2,009 2,317 Castle Brands, Inc. (“Castle”) — — $ 17,665 $ 15,841 At September 30, 2018 , the Company’s ownership percentages in Indian Creek, Boyar, LTS and Castle were 12.77% , 34.33% , 7.56% and 7.71% , respectively. The value of Boyar, based on the quoted market price as of September 30, 2018 , was $9,506 , equal to its carrying value. At September 30, 2018 , the aggregate fair values of the LTS and Castle investments, based on the quoted market price, were $41,016 and $13,798 , respectively. The Company received cash distributions of $1,231 and $847 from the Company’s equity-method investments for the nine months ended September 30, 2018 and 2017 , respectively. The Company redeemed 50% of its investment in Indian Creek during the three months ended September 2018 and recorded $6,150 of in-transit redemptions from the proceeds at September 30, 2018 . The Company recognized equity in earnings from equity-method investments of $3,230 for the three months ended September 30, 2018 and equity in losses from equity-method investments of $303 for the three months ended September 30, 2017 . The Company recognized equity in earnings from equity-method investments of $9,205 for the nine months ended September 30, 2018 and equity in losses from equity-method investments of $2,823 for the nine months ended September 30, 2017 . The Company has suspended its recognition of equity in losses from Castle to the extent such losses exceed its basis. If it is determined that an other-than-temporary decline in fair value exists in equity-method investments, the Company records an impairment charge with respect to such investment in its condensed consolidated statements of operations. The Company will continue to perform additional assessments to determine the impact, if any, on the Company’s condensed consolidated financial statements. Thus, future impairment charges may occur. The equity-method investments are carried on the condensed consolidated balance sheet at cost under the equity method of accounting. The fair values disclosed above for Boyar, LTS and Castle would be classified as Level 1 under the fair value hierarchy disclosed in Note 11 if such assets were recorded on the condensed consolidated balance sheet at fair value. The fair values are based on quoted prices for identical assets in active markets or inputs that are based upon quoted prices for similar instruments in active markets. The fair value determination disclosed above for Indian Creek would be classified as Level 2 under the fair value hierarchy disclosed in Note 11

New Valley LLC

New Valley LLC	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
New Valley LLC	NEW VALLEY LLC Investments in real estate ventures: New Valley holds equity investments in various real estate projects domestically and internationally. The majority of New Valley’s investment in real estate ventures were located in the New York City Standard Metropolitan Statistical Area (“SMSA”). New Valley aggregates the disclosure of its investments in real estate ventures by property type and operating characteristics. The components of “Investments in real estate ventures” were as follows: Range of Ownership September 30, 2018 December 31, 2017 Condominium and Mixed Use Development: New York City SMSA 3.1% - 49.5% $ 60,553 $ 96,386 All other U.S. areas 15.0% - 48.5% 30,582 28,763 91,135 125,149 Apartment Buildings: New York City SMSA 45.4% 6,882 10,910 All other U.S. areas 7.6% - 16.3% 105 257 6,987 11,167 Hotels: New York City SMSA 5.2% 17,584 19,616 International 49.0% 2,438 2,800 20,022 22,416 Commercial: New York City SMSA 49.0% 1,812 2,437 All other U.S. areas 1.6% 6,987 15,642 8,799 18,079 Other 15.0% - 50.0% 16,045 11,320 Investments in real estate ventures $ 142,988 $ 188,131 Contributions: The components of New Valley’s contributions to its investments in real estate ventures were as follows: Nine Months Ended September 30, 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 1,158 $ 872 All other U.S. areas — 8,596 1,158 9,468 Apartment Buildings: New York City SMSA 522 — 522 — Hotels: New York City SMSA 167 1,537 167 1,537 Other 4,285 9,825 Total contributions $ 6,132 $ 20,830 New Valley contributed its proportionate share of additional capital along with contributions by the other investment partners during the nine months ended September 30, 2018 and September 30, 2017 . New Valley’s direct investment percentage for these ventures did not significantly change. Distributions: The components of distributions received by New Valley from its investments in real estate ventures were as follows: Nine Months Ended September 30, 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 38,860 $ 35,780 All other U.S. areas — 17,949 38,860 53,729 Apartment Buildings: All other U.S. areas 295 239 295 239 Hotels: International — 239 — 239 Commercial: New York City SMSA 9 101 All other U.S. areas 10,072 238 10,081 339 Other 657 1,150 Total distributions $ 49,893 $ 55,696 Of the distributions received by New Valley from its investment in real estate ventures, $12,074 and $32,358 were from distributions of earnings for the nine months ended September 30, 2018 and September 30, 2017 , respectively, and $37,819 and $23,338 were a return of capital for the nine months ended September 30, 2018 and September 30, 2017 , respectively. Distributions from earnings are included in cash from operations in the Condensed Consolidating Statements of Cash Flows, while distributions that are returns of capital are included in cash flows from investing activities in the Condensed Consolidating Statements of Cash Flows. Equity in Earnings (Losses) from Real Estate Ventures: New Valley recognized equity in earnings (losses) from real estate ventures as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 1,732 $ (55 ) $ (1,880 ) $ 29,241 All other U.S. areas (151 ) 96 (976 ) (920 ) 1,581 41 (2,856 ) 28,321 Apartment Buildings: New York City SMSA (1,267 ) — (4,550 ) All other U.S. areas 156 197 142 (450 ) (1,111 ) 197 (4,408 ) (450 ) Hotels: New York City SMSA (749 ) (584 ) (2,200 ) (1,790 ) International 206 489 (362 ) 193 (543 ) (95 ) (2,562 ) (1,597 ) Commercial: New York City SMSA (228 ) (333 ) (617 ) (702 ) All other U.S. areas 273 295 1,416 231 45 (38 ) 799 (471 ) Other 322 (152 ) 649 554 Equity in earnings (losses) from real estate ventures $ 294 $ (47 ) $ (8,378 ) $ 26,357 As part of the Company’s ongoing assessment of the carrying values of its investments in real estate ventures, the Company determined that the fair value of a New York City SMSA C ondominium and Mixed Use Development venture was less than its carrying value as of September 30, 2018 . The Company determined that the impairment was other than temporary. The Company recorded an impairment charge as a component of equity in losses from real estate ventures of $10,174 of which $8,467 was attributed to the Company for the nine months ended September 30, 2018 . VIE Consideration: The Company has determined that New Valley is the primary beneficiary of two real estate ventures because it controls the activities that most significantly impact economic performance of each of the two real estate ventures. Consequently, New Valley consolidates these variable interest entities (“VIEs”). The carrying amount of the consolidated assets of the VIEs was $1,434 and $14,548 as of September 30, 2018 and December 31, 2017 , respectively. Those assets are owned by the VIEs, not the Company. Neither of the two consolidated VIEs had recourse liabilities as of September 30, 2018 and December 31, 2017 . A VIE’s assets can only be used to settle obligations of that VIE. The VIEs are not guarantors of the Company’s senior notes and other debts payable. For the remaining investments in real estate ventures, New Valley determined that the entities were variable interest entities but New Valley was not the primary beneficiary. Therefore, New Valley’s investment in such real estate ventures has been accounted for under the equity method of accounting. Maximum Exposure to Loss: New Valley’s maximum exposure to loss from its investments in real estate ventures consisted of the net carrying value of the venture adjusted for any future capital commitments and/or guarantee arrangements. The maximum exposure to loss was as follows: September 30, 2018 Condominium and Mixed Use Development: New York City SMSA $ 65,273 All other U.S. areas 43,082 108,355 Apartment Buildings: New York City SMSA 6,882 All other U.S. areas 105 6,987 Hotels: New York City SMSA 17,584 International 2,438 20,022 Commercial: New York City SMSA 1,812 All other U.S. areas 6,987 8,799 Other 31,188 Total maximum exposure to loss $ 175,351 New Valley capitalized $2,246 and $6,549 of interest costs into the carrying value of its ventures whose projects were currently under development for the three and nine months ended September 30, 2018 . New Valley capitalized $1,108 of interest costs into the carrying value of its venture whose projects were currently under development for the three months ended September 30, 2017 and recognized $2,659 of interest costs into the carrying value of its ventures whose projects were currently under development for the nine months ended September 30, 2017 . Douglas Elliman has been engaged by the developers as the sole broker or the co-broker for several of the real estate ventures that New Valley owns an interest. Douglas Elliman earned gross commissions of approximately $16,603 and $6,179 from these projects for the nine months ended September 30, 2018 and September 30, 2017 , respectively. Combined Financial Statements for Unconsolidated Subsidiaries: The following summarized financial data for certain unconsolidated subsidiaries that meet certain thresholds pursuant to SEC Regulation S-X Rule 210.10-01(b) includes information for the 10 Madison Square West and 125 Greenwich Street investments. New Valley has elected a one-month lag reporting period for both investments. Condominium and Mixed Use Development: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Income Statement Revenue $ 60 $ 31,672 $ 28,105 $ 194,056 Cost of sales 2,571 20,582 19,242 122,461 Other expenses (1,805 ) 915 145,574 5,597 Income from continuing operations $ (706 ) $ 10,175 $ (136,711 ) $ 65,998 Investments in Real Estate, net: The components of “Investments in real estate, net” were as follows: September 30, December 31, Escena, net $ 10,236 $ 10,485 Sagaponack 14,962 13,467 Investments in real estate, net $ 25,198 $ 23,952 Escena. The assets of “Escena, net” were as follows: September 30, December 31, Land and land improvements $ 8,911 $ 8,907 Building and building improvements 1,891 1,891 Other 2,166 2,111 12,968 12,909 Less accumulated depreciation (2,732 ) (2,424 ) $ 10,236 $ 10,485 New Valley recorded operating losses of $918 and $860 for the three months ended September 30, 2018 and 2017 , respectively, from Escena. New Valley recorded operating losses of $408 and $642 for the nine months ended September 30, 2018 and 2017 , respectively, from Escena. Investment in Sagaponack. In April 2015, New Valley invested $12,502 in a residential real estate project located in Sagaponack, NY. The project is wholly owned and the balances of the project are included in the condensed consolidated financial statements of the Company. As of September 30, 2018 , the assets of Sagaponack consisted of land and land improvements of $14,962

Notes Payable, Long Term Debt a

Notes Payable, Long Term Debt and Other Obligations	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Notes Payable, Long-Term Debt and Other Obligations	NOTES PAYABLE, LONG-TERM DEBT AND OTHER OBLIGATIONS Notes payable, long-term debt and other obligations consisted of: September 30, December 31, Vector: 6.125% Senior Secured Notes due 2025 $ 850,000 $ 850,000 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $23,130 and $69,253* 206,870 160,747 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $38,360 and $53,687* 220,390 205,063 Liggett: Revolving credit facility 28,239 31,614 Term loan under credit facility 2,483 2,704 Equipment loans 1,407 2,662 Other 524 752 Notes payable, long-term debt and other obligations 1,309,913 1,253,542 Less: Debt issuance costs (16,785 ) (25,478 ) Total notes payable, long-term debt and other obligations 1,293,128 1,228,064 Less: Current maturities (234,756 ) (33,820 ) Amount due after one year $ 1,058,372 $ 1,194,244 ______________________ * The fair value of the derivatives embedded within the 7.5% Variable Interest Senior Convertible Notes ( $12,851 at September 30, 2018 and $31,164 at December 31, 2017 , respectively) and the 5.5% Variable Interest Senior Convertible Debentures ( $32,273 at September 30, 2018 and $45,249 at December 31, 2017 , respectively), is separately classified as a derivative liability in the condensed consolidated balance sheets. 6.125% Senior Secured Notes due 2025 — Vector : As of September 30, 2018 , the Company was in compliance with all debt covenants related to its 6.125% Senior Secured Notes due 2025. 10.5% Senior Notes due 2026 — Vector : On November 2, 2018, the Company completed the sale of $325,000 of its 10.5% Senior Notes due 2026 (“ 10.5% Senior Notes”) in a private offering that is exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to qualified institutional buyers in accordance with Rule 144A of the Securities Act. There are no registration rights associated with the notes, and the Company does not intend to offer notes registered under the Securities Act in exchange for the 10.5% Senior Notes or file a registration statement with respect to the 10.5% Senior Notes. The aggregate net proceeds from the sale of the 10.5% Senior Notes were approximately $315,000 after deducting underwriting discounts, commissions, fees and offering expenses. The Company will pay cash interest at a rate of 10.5% per year, payable semi-annually on May 1 and November 1 of each year, beginning on May 1, 2019. Interest will accrue from November 2, 2018. The 10.5% Senior Notes mature on November 1, 2026. Interest on overdue principal and interest, if any, will accrue at a rate that is 1% higher than the then applicable interest rate on the 10.5% Senior Notes. The Company will make each interest payment to the holders of record on the immediately preceding April 15 and October 15. The Company may redeem some or all of the 10.5% Senior Notes at any time prior to November 1, 2021 at a make-whole redemption price. On or after November 1, 2021, the Company may redeem some or all of the 10.5% Senior Notes at redemption prices set forth in the indenture, plus accrued and unpaid interest, if any, to the redemption date. In addition, any time prior to November 1, 2021, the Company may redeem up to 40% of the aggregate outstanding amount of the 10.5% Senior Notes with the net proceeds of certain equity offerings at 110.5% of the aggregate principal amount of the 10.5% Senior Notes, plus accrued and unpaid interest, if any, to the redemption date, if at least 60% of the aggregate principal amount of the 10.5% Senior Notes originally issued remains outstanding after such redemption, and the redemption occurs within 90 of the closing of such equity offering. In the event of a change of control, as defined in the indenture, each holder of the 10.5% Senior Notes will have the right to require the Company to make an offer to repurchase some or all of its 10.5% Senior Notes at a repurchase price equal to 101% of the aggregate principal amount of the 10.5% Senior Notes plus accrued and unpaid interest to the date of purchase. If the Company sells certain assets and does not apply the proceeds as required pursuant to the indenture, it must offer to repurchase the 10.5% Senior Notes at the prices listed in the indenture. The 10.5% Senior Notes are guaranteed subject to certain customary automatic release provisions on a joint and several basis by all of the wholly owned domestic subsidiaries of the Company that are engaged in the conduct of the Company’s cigarette businesses, and by DER Holdings LLC, through which the Company indirectly owns a 70.59% interest in Douglas Elliman LLC. The 10.5% Senior Notes are the Company’s general senior unsecured obligations, and are pari passu in right of payment with all of the Company’s existing and future senior indebtedness and senior in right of payment to all of our future subordinated indebtedness. The 10.5% Senior Notes are effectively subordinated in right of payment to all of our existing and future indebtedness that is secured by assets of the Company or assets of the Guarantors, to the extent of the value of the assets securing such indebtedness. The 10.5% Senior Notes are structurally subordinated to all of the liabilities and preferred stock of any of our subsidiaries that do not guarantee the notes. Each guarantee of the 10.5% Senior Notes are the general obligation of the Guarantor and are pari passu in right of payment with all other senior indebtedness of such Guarantor, including the indebtedness of Liggett Group and Maple under their Credit Agreement with Wells Fargo. Each guarantee of the 10.5% Senior Notes are senior in right of payment to all future subordinated indebtedness of the Guarantor, if any. The indenture contains covenants that limit the Company and each Guarantor’s ability to, among other things: (i) incur additional indebtedness; (ii) pay dividends or make other distributions, including dividends, repurchases or redemptions of its equity interests; (iii) prepay, redeem or repurchase its subordinated indebtedness; (iv) make investments; (v) sell assets; (vi) incur certain liens; (vii) enter into agreements restricting its subsidiaries’ ability to pay dividends; (viii) enter into transactions with affiliates; and (ix) consolidate, merge or sell all or substantially all of its assets. These covenants are subject to a number of important exceptions and qualifications, as described in the indenture. Revolving Credit Facility and Term Loan Under Credit Facility - Liggett : As of September 30, 2018 , a total of $30,722 was outstanding under the revolving and term loan portions of the credit facility. Availability, as determined under the facility, was approximately $16,800 based on eligible collateral at September 30, 2018 . As of September 30, 2018 , the Company’s applicable subsidiaries were in compliance with all debt covenants under this revolving and term loan facility. Non-Cash Interest Expense and Loss on Extinguishment of Debt - Vector : Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Amortization of debt discount, net $ 22,871 $ 14,978 $ 61,450 $ 40,240 Amortization of debt issuance costs 3,158 2,393 8,783 6,626 Loss on extinguishment of 7.75% Senior Secured Notes — — — 1,754 (1) $ 26,029 $ 17,371 $ 70,233 $ 48,620 ______________________ (1) The non-cash loss on extinguishment of the 7.75% Senior Secured Notes is a component of the $34,110 loss on the extinguishment of debt. Fair Value of Notes Payable and Long-Term Debt : September 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Value Value Value Value Notes payable and long-term debt $ 1,309,913 (1) $ 1,335,379 $ 1,253,542 (1) $ 1,579,616 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 11 . Notes payable and long-term debt are carried on the condensed consolidated balance sheet at amortized cost. The fair value determinations disclosed above are classified as Level 2 under the fair value hierarchy disclosed in Note 11 if such liabilities were recorded on the condensed consolidated balance sheet at fair value. The estimated fair value of the Company’s notes payable and long-term debt has been determined by the Company using available market information and appropriate valuation methodologies including the evaluation of the Company’s credit risk as described in the Company’s Form 10-K. The Company used a derived price based upon quoted market prices and trade activity as of September 30, 2018

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	CONTINGENCIES Tobacco-Related Litigation : Overview. Since 1954, Liggett and other United States cigarette manufacturers have been named as defendants in numerous direct, third-party and purported class actions predicated on the theory that cigarette manufacturers should be liable for damages alleged to have been caused by cigarette smoking or by exposure to secondary smoke from cigarettes. The cases have generally fallen into the following categories: (i) smoking and health cases alleging personal injury brought on behalf of individual plaintiffs (“Individual Actions”); (ii) lawsuits by individuals requesting the benefit of the Engle ruling (“ Engle progeny cases”); (iii) smoking and health cases primarily alleging personal injury or seeking court-supervised programs for ongoing medical monitoring, as well as cases alleging that use of the terms “lights” and/or “ultra lights” constitutes a deceptive and unfair trade practice, common law fraud or violation of federal law, purporting to be brought on behalf of a class of individual plaintiffs (“Class Actions”); and (iv) health care cost recovery actions brought by various foreign and domestic governmental plaintiffs and non-governmental plaintiffs seeking reimbursement for health care expenditures allegedly caused by cigarette smoking and/or disgorgement of profits (“Health Care Cost Recovery Actions”). The future financial impact of the risks and expenses of litigation are not quantifiable. For the nine months ended September 30, 2018 and 2017 , Liggett incurred tobacco product liability legal expenses and costs totaling $5,256 and $10,461 , respectively. The tobacco product liability legal expenses and costs are included in the operating, selling, administrative and general expenses and litigation settlement and judgment expense line items in the Condensed Consolidated Statements of Operations. Legal defense costs are expensed as incurred. Litigation is subject to uncertainty and it is possible that there could be adverse developments in pending cases. With the commencement of new cases, the defense costs and the risks relating to the unpredictability of litigation increase. Management reviews on a quarterly basis with counsel all pending litigation and evaluates the probability of a loss being incurred and whether an estimate can be made of the possible loss or range of loss that could result from an unfavorable outcome. An unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation. Damages awarded in tobacco-related litigation can be significant. Bonds. Although Liggett has been able to obtain required bonds or relief from bonding requirements in order to prevent plaintiffs from seeking to collect judgments while adverse verdicts are on appeal, there remains a risk that such relief may not be obtainable in all cases. This risk has been reduced given that a majority of states now limit the dollar amount of bonds or require no bond at all. As of September 30, 2018 , to obtain a stay of the judgment pending the appeal of the Santoro case, Liggett had secured $535 in bonds. In June 2009, Florida amended its existing bond cap statute by adding a $200,000 bond cap that applies to all Engle progeny cases in the aggregate and establishes individual bond caps for individual Engle progeny cases in amounts that vary depending on the number of judgments in effect at a given time. The maximum amount of any such bond for an appeal in the Florida state courts will be no greater than $5,000 . In several cases, plaintiffs challenged the constitutionality of the bond cap statute, but to date the courts have upheld the constitutionality of the statute. It is possible that the Company’s consolidated financial position, results of operations, and cash flows could be materially adversely affected by an unfavorable outcome of such challenges. Accounting Policy . The Company and its subsidiaries record provisions in their consolidated financial statements for pending litigation when they determine that an unfavorable outcome is probable and the amount of loss can be reasonably estimated. At the present time, while it is reasonably possible that an unfavorable outcome in a case may occur, except as discussed in this Note 8 : (i) management has concluded that it is not probable that a loss has been incurred in any of the pending tobacco-related cases; or (ii) management is unable to reasonably estimate the possible loss or range of loss that could result from an unfavorable outcome of any of the pending tobacco-related cases and, therefore, management has not provided any amounts in the consolidated financial statements for unfavorable outcomes, if any. Except as discussed in this Note 8 regarding the cases where an adverse verdict against Liggett remains on appeal, management is unable to estimate the possible loss or range of loss from the remaining Engle progeny cases as there are currently multiple defendants in each case and, in most cases, discovery has not occurred or is limited. As a result, the Company lacks information about whether plaintiffs are in fact Engle class members, the relevant smoking history, the nature of the alleged injury and the availability of various defenses, among other things. Further, plaintiffs typically do not specify the amount of their demand for damages. As cases proceed through the appellate process, the Company will consider accruals on a case-by-case basis if an unfavorable outcome becomes probable and the amount can be reasonably estimated. Cautionary Statement About Engle Progeny Cases . Since 2009, judgments have been entered against Liggett and other cigarette manufacturers in Engle progeny cases. A number of the judgments have been affirmed on appeal and satisfied by the defendants. Many have been overturned on appeal. As of September 30, 2018 , 25 Engle progeny cases where Liggett was a defendant resulted in verdicts. There have been 16 verdicts returned in favor of the plaintiffs (although in two of these cases ( Irimi and Cohen ) the court granted defendants’ motion for a new trial) and nine in favor of Liggett. In five of the cases, punitive damages were awarded against Liggett (although in Calloway , the intermediate appellate court reversed the punitive and compensatory damages awards and remanded the case to the trial court for a new trial and, in Santoro , the trial court set aside the punitive award). Calloway , Irimi, Cohen and Caprio were subsequently resolved under the Engle Progeny Settlement II, discussed below. In certain cases, judgments were entered jointly and severally with other defendants and Liggett may face the risk that one or more co-defendants decline or otherwise fail to participate in the bonding required for an appeal or to pay their proportionate or jury-allocated share of a judgment. As a result, under certain circumstances, Liggett may have to pay more than its proportionate share of any bonding or judgment related amounts. Although Liggett has generally been successful in managing litigation, litigation is subject to uncertainty and significant challenges remain, including with respect to the remaining Engle progeny cases. There can be no assurances that Liggett’s past litigation experience will be representative of future results. Judgments have been entered against Liggett in the past, in Individual Actions and Engle progeny cases, and several of those judgments were affirmed on appeal and satisfied by Liggett. It is possible that the consolidated financial position, results of operations and cash flows of the Company could be materially adversely affected by an unfavorable outcome or settlement of any of the remaining smoking-related litigation. Liggett believes, and has been so advised by counsel, that it has valid defenses to the litigation pending against it, as well as valid bases for appeal of adverse verdicts. All such cases are and will continue to be vigorously defended. Liggett has entered into settlement discussions in individual cases or groups of cases where Liggett has determined it was in its best interest to do so, and it may continue to do so in the future. In October 2013, Liggett announced a settlement of the claims of more than 4,900 Engle progeny plaintiffs (see Engle Progeny Settlement I below). In December 2016, Liggett entered into an agreement to settle 124 Engle progeny cases (see Engle Progeny Settlement II below). In June 2017, Liggett entered into an agreement to settle nine cases (eight Engle progeny cases and one Individual Action) for $1,400 and, in September 2017, Liggett entered into an agreement to settle 20 Engle progeny cases for $4,100 . As of September 30, 2018 , Liggett (and in certain cases the Company) had, on an individual basis, settled 184 Engle progeny cases for approximately $7,600 in the aggregate. One of these settlements occurred in the third quarter. Individual Actions As of September 30, 2018 , there were 32 Individual Actions pending against Liggett where one or more individual plaintiffs allege injury resulting from cigarette smoking, addiction to cigarette smoking or exposure to secondary smoke and seek compensatory and, in some cases, punitive damages. These cases do not include the remaining Engle progeny cases or the individual cases pending in West Virginia state court as part of a consolidated action. The following table lists the number of Individual Actions by state: State Number of Cases Florida 20 Illinois 4 New York 3 Louisiana 2 West Virginia 2 Ohio 1 The plaintiffs’ allegations of liability in cases in which individuals seek recovery for injuries allegedly caused by cigarette smoking are based on various theories of recovery, including negligence, gross negligence, breach of special duty, strict liability, fraud, concealment, misrepresentation, design defect, failure to warn, breach of express and implied warranties, conspiracy, aiding and abetting, concert of action, unjust enrichment, common law public nuisance, property damage, invasion of privacy, mental anguish, emotional distress, disability, shock, indemnity, violations of deceptive trade practice laws, the federal Racketeer Influenced and Corrupt Organizations Act (“RICO”), state RICO statutes and antitrust statutes. In many of these cases, in addition to compensatory damages, plaintiffs also seek other forms of relief including treble/multiple damages, medical monitoring, disgorgement of profits and punitive damages. Although alleged damages often are not determinable from a complaint, and the law governing the pleading and calculation of damages varies from state to state and jurisdiction to jurisdiction, compensatory and punitive damages have been specifically pleaded in a number of cases, sometimes in amounts ranging into the hundreds of millions and even billions of dollars. Defenses raised in Individual Actions include lack of proximate cause, assumption of the risk, comparative fault and/or contributory negligence, lack of design defect, statute of limitations, equitable defenses such as “unclean hands” and lack of benefit, failure to state a claim and federal preemption. Engle Progeny Cases Engle Case. In May 1994, Engle was filed against Liggett and others in Miami-Dade County, Florida. The class consisted of all Florida residents who, by November 21, 1996, “have suffered, presently suffer or have died from diseases and medical conditions caused by their addiction to cigarette smoking.” In July 1999, after the conclusion of Phase I of the trial, the jury returned a verdict against Liggett and other cigarette manufacturers on certain issues determined by the trial court to be “common” to the causes of action of the plaintiff class. The jury made several findings adverse to the defendants including that defendants’ conduct “rose to a level that would permit a potential award or entitlement to punitive damages.” Phase II of the trial was a causation and damages trial for three of the class plaintiffs and a punitive damages trial on a class-wide basis before the same jury that returned the verdict in Phase I. In April 2000, the jury awarded compensatory damages of $12,704 to the three class plaintiffs, to be reduced in proportion to the respective plaintiff’s fault. In July 2000, the jury awarded approximately $145,000,000 in punitive damages, including $790,000 against Liggett. In May 2003, Florida’s Third District Court of Appeal reversed the trial court and remanded the case with instructions to decertify the class. The judgment in favor of one of the three class plaintiffs, in the amount of $5,831 , was overturned as time barred and the court found that Liggett was not liable to the other two class plaintiffs. In July 2006, the Florida Supreme Court affirmed the decision vacating the punitive damages award and held that the class should be decertified prospectively, but determined that the following Phase I findings are entitled to res judicata effect in Engle progeny cases: (i) that smoking causes lung cancer, among other diseases; (ii) that nicotine in cigarettes is addictive; (iii) that defendants placed cigarettes on the market that were defective and unreasonably dangerous; (iv) that defendants concealed material information knowing that the information was false or misleading or failed to disclose a material fact concerning the health effects or addictive nature of smoking; (v) that defendants agreed to conceal or omit information regarding the health effects of cigarettes or their addictive nature with the intention that smokers would rely on the information to their detriment; (vi) that defendants sold or supplied cigarettes that were defective; and (vii) that defendants were negligent. The Florida Supreme Court decision also allowed former class members to proceed to trial on individual liability issues (using the above findings) and compensatory and punitive damages issues. In December 2006, the Florida Supreme Court added the finding that defendants sold or supplied cigarettes that, at the time of sale or supply, did not conform to the representations made by defendants. In October 2007, the United States Supreme Court denied defendants’ petition for writ of certiorari. Pursuant to the Florida Supreme Court’s July 2006 ruling in Engle , which decertified the class on a prospective basis and affirmed the appellate court’s reversal of the punitive damages award, former class members had until January 2008 in which to file individual lawsuits. As a result, Liggett and the Company, and other cigarette manufacturers, were sued in thousands of Engle progeny cases in both federal and state courts in Florida. Although the Company was not named as a defendant in the Engle case, it was named as a defendant in substantially all of the Engle progeny cases where Liggett was named as a defendant. Engle Progeny Settlement I. In October 2013, the Company and Liggett entered into a settlement with approximately 4,900 Engle progeny plaintiffs and their counsel (“ Engle Progeny Settlement I”). Pursuant to the terms of the settlement, Liggett agreed to pay a total of approximately $110,000 , with approximately $61,600 paid in a lump sum and the balance to be paid in installments over 14 years , starting in February 2015. In exchange, the claims of more than 4,900 plaintiffs, including the claims of all plaintiffs with cases pending in federal court, were dismissed with prejudice against the Company and Liggett. Due to the settlement, in 2013, the Company recorded a charge of $86,213 of which approximately $25,000 is related to certain payments discounted to their present value using an 11% annual discount rate. The installment payments total approximately $48,000 on an undiscounted basis. The Company’s future payments will be approximately $3,400 per annum through 2028, with a cost of living increase beginning in 2021. In December 2017, Liggett pre-paid the 2018 and 2019 installment payments. Engle Progeny Settlement II . In December 2016, the Company and Liggett entered into an agreement with 124 Engle progeny plaintiffs and their counsel (“ Engle Progeny Settlement II”). Pursuant to the terms of the settlement, Liggett agreed to pay $17,650 , $14,000 of which was paid on December 7, 2016 with the balance of $3,650 to be paid in equal quarterly payments starting in January 2018, with 5% interest. As a result of the settlement, the Company recorded a charge of $17,650 in the fourth quarter of 2016. In December 2017, Liggett prepaid all remaining Engle Progeny Settlement II payments. Notwithstanding the comprehensive nature of the Engle Progeny Settlements, approximately 70 plaintiffs’ claims remain pending in state court. Therefore, the Company and Liggett may still be subject to periodic adverse judgments which could have a material adverse affect on the Company’s consolidated financial position, results of operations and cash flows. As of September 30, 2018 , the following Engle progeny cases have resulted in judgments against Liggett: Date Case Name County Liggett Compensatory (1) Liggett Punitive Damages Status (2) June 2002 Lukacs v. R.J. Reynolds Miami-Dade $12,418 $— Liggett satisfied the judgment and the case is concluded. August 2009 Campbell v. R.J. Reynolds Escambia 156 — Liggett satisfied the judgment and the case is concluded. March 2010 Douglas v. R.J. Reynolds Hillsborough 1,350 — Liggett satisfied the judgment and the case is concluded. April 2010 Clay v. R.J. Reynolds Escambia 349 1,000 Liggett satisfied the judgment and the case is concluded. April 2010 Putney v. R.J. Reynolds Broward 17 — Liggett settled this matter in July 2018 and this case is now concluded. April 2011 Tullo v. R.J. Reynolds Palm Beach 225 — Liggett satisfied the judgment and the case is concluded. January 2012 Ward v. R.J. Reynolds Escambia 1 — Liggett satisfied the judgment and the case is concluded. Date Case Name County Liggett Compensatory (1) Liggett Punitive Damages Status (2) May 2012 Calloway v. R.J. Reynolds Broward — — A joint and several judgment for $16,100 was entered against R.J. Reynolds, Philip Morris, Lorillard and Liggett. In September 2016, the Fourth District Court of Appeal reversed the judgment in its entirety and remanded the case for a new trial. This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. December 2012 Buchanan v. R.J. Reynolds Leon 2,750 — Liggett satisfied the judgment and the case is concluded. May 2013 D. Cohen v. R.J. Reynolds Palm Beach — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. August 2013 Rizzuto v. R.J. Reynolds Hernando 3,479 — Liggett settled its portion of the judgment for $1,500 and the case is concluded as to Liggett. August 2014 Irimi v. R.J. Reynolds Broward — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. October 2014 Lambert v. R.J. Reynolds Pinellas 3,600 9,500 Liggett satisfied the judgment and the case is concluded. November 2014 Boatright v. R.J. Reynolds Polk — 300 In November 2014, the jury awarded compensatory damages in the amount of $15,000 with 15% fault apportioned to plaintiff and 85% to Philip Morris. A joint and several judgment was entered in the amount of $12,750 on the compensatory damages. Judgment was also entered against Liggett for $300 in punitive damages. The Second District Court of Appeal reversed the trial court's decision to reduce the judgment by plaintiff's assessed fault and affirmed as to all other issues in that appeal. Defendants filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court. In June 2018, the court declined to exercise jurisdiction. Any potential liability as a result of the pending appeal is included in the amount Liggett paid under Engle Progeny Settlement II. June 2015 Caprio v. R.J. Reynolds Broward — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. Defendants have sought an extension of time to seek review from the United States Supreme Court. March 2017 Santoro v. R.J. Reynolds Broward 160 — In April 2017, the trial court entered a joint and several judgment against R.J. Reynolds, Philip Morris and Liggett for $1,027, for compensatory damages. Judgment was also entered against Liggett for $15 in punitive damages. A hearing on post trial motions occurred in October 2017. In December 2017, the court granted the motion to set aside the verdict as to all claims other than conspiracy. Defendants moved for rehearing with respect to that claim and plaintiff moved for entry of an amended final judgment to increase plaintiff’s recovery by the percentage of decedent’s fault in light of the Schoeff decision. The court denied defendants' remaining post trial motions and the motion for rehearing and granted, in part, plaintiff’s motion to amend the final judgment. The parties agreed that plaintiff is not entitled to punitive damages since the trial court vacated that portion of the verdict in which punitive damages were awarded. A joint and several amended final judgment in the amount of $1,605 was entered by the court in May 2018. Defendants appealed. Total Damages Awarded: 24,505 10,800 Amounts accrued, paid or compromised: (24,345) (10,800) Damages remaining on Appeal: $160 $0 (1) Compensatory damages are adjusted to reflect the jury's allocation of comparative fault and only include Liggett's jury allocated share, regardless of whether a judgment was joint and several. The amounts listed above do not include attorneys' fees or statutory interest. (2) See Exhibit 99.1 for a more complete description of the cases currently on appeal. Judgments Paid . As of September 30, 2018 , Liggett has paid in the aggregate $39,773 , including interest and attorneys’ fees, to satisfy the judgments in the following Engle progeny cases: Lukacs , Campbell , Douglas , Clay, Tullo, Ward, Rizzuto, Lambert and Buchanan . Appeals of Engle Progeny Judgments. In December 2010, in the Martin case, a state court case against R.J. Reynolds, the First District Court of Appeal held that the trial court correctly construed the Florida Supreme Court’s 2006 decision in Engle in instructing the jury on the preclusive effect of the Phase I Engle findings. In July 2011, the Florida Supreme Court declined to review the First District Court of Appeal’s decision. In March 2012, the United States Supreme Court declined to review the Martin case, along with the Campbell case and two other Engle progeny cases. The Martin decision has led to additional adverse rulings by other state appellate courts. In Jimmie Lee Brown , a state court case against R.J. Reynolds, the trial court tried the case in two phases. In the first phase, the jury determined that the smoker was addicted to cigarettes that contained nicotine and that his addiction was a legal cause of his death, thereby establishing he was an Engle class member. In the second phase, the jury determined whether the plaintiff established legal cause and damages with regard to each of the underlying claims. The jury found in favor of plaintiff in both phases. In September 2011, the Fourth District Court of Appeal affirmed the judgment entered in plaintiff’s favor and approved the trial court’s procedure of bifurcating the trial. The Fourth District Court of Appeal agreed with Martin that individual post- Engle plaintiffs need not prove conduct elements as part of their burden of proof, but disagreed with Martin to the extent that the First District Court of Appeal only required a finding that the smoker was a class member to establish legal causation as to addiction and the underlying claims. The Fourth District Court of Appeal held that in addition to establishing class membership, Engle progeny plaintiffs must also establish legal causation and damages as to each claim asserted. In so finding, the Fourth District Court of Appeal’s decision in Jimmie Lee Brown is in conflict with Martin . In Rey, a state court case, the trial court entered final summary judgment on all claims in favor of the Company, Liggett and Lorillard based on what has been referred to in the Engle progeny litigation as the “Liggett Rule.” The Liggett Rule stands for the proposition that a manufacturer cannot have liability to a smoker under any asserted claim if the smoker did not use a product manufactured by that particular defendant. The Liggett Rule is based on the entry of final judgment in favor of Liggett/Brooke Group in Engle on all of the claims asserted against them by class representatives Mary Farnan and Angie Della Vecchia, even though the Florida Supreme Court upheld, as res judicata, the generic finding that Liggett/Brooke Group engaged in a conspiracy to commit fraud by concealment. In September 2011, the Third District Court of Appeal affirmed in part and reversed in part holding that the defendants were entitled to summary judgment on all claims asserted against them other than the claim for civil conspiracy. Defendants’ further appellate efforts were unsuccessful. In Douglas , a state court case, the Second District Court of Appeal issued a decision affirming the judgment of the trial court in favor of the plaintiff and upholding the use of the Engle jury findings, but certified to the Florida Supreme Court the question of whether granting res judicata effect to the Engle jury findings violates defendants’ federal due process rights. In March 2013, the Florida Supreme Court affirmed the use of Engle jury findings and determined that there is no violation of the defendants’ due process rights. This was the first time the Florida Supreme Court addressed the merits of an Engle progeny case. In October 2013, the United States Supreme Court declined to review the decision and Liggett satisfied the judgment. In April 2015, in Hess , a state court case, the Florida Supreme Court held that Engle defendants cannot raise a statute of repose defense to claims for concealment or conspiracy. In April 2015, in Graham , a federal case, a panel of the Eleventh Circuit Court of Appeals held that federal law impliedly preempts use of the res judicata Engle findings to establish claims for strict liability or negligence. In January 2016, the court granted plaintiff’s motion for rehearing en banc. In June 2017, the Eleventh Circuit, sitting en banc, ruled that giving full faith and credit to the Engle findings does not deprive defendants of property without due process. The court further concluded that federal law does not preempt the Engle Phase I negligence and strict liability findings. In September 2017, R.J. Reynolds filed a petition for writ of certiorari to the United States Supreme Court, which declined review in January 2018. In November 2015, in Schoeff , the Fourth District Court of Appeal affirmed the trial court’s decision to reduce plaintiff’s compensatory damages award by the jury’s assessment of the deceased smoker’s assigned comparative fault despite the jury’s finding in favor of plaintiff on her claims for intentional torts. In December 2017, the Florida Supreme Court ruled that compensatory damages in Engle progeny cases should not be reduced by the smoker’s comparative fault if a jury finds for the plaintiff on intentional tort claims. In March 2016, in Soffer , the Florida Supreme Court held that Engle progeny plaintiffs may seek punitive damages on their claims for non-intentional torts, rejecting the argument that plaintiffs are precluded from doing so because the Engle class did not pursue such damages on those claims. Maryland Cases Liggett was a defendant in 16 multi-defendant personal injury cases in Maryland alleging claims arising from asbestos and tobacco exposure (“synergy cases”). In July 2016, the Court of Appeals (Maryland’s highest court) ruled that joinder of tobacco and asbestos cases may be possible in certain circumstances, but plaintiffs must demonstrate at the trial court level how such cases may be joined while providing appropriate safeguards to prevent embarrassment, delay, expense or prejudice to defendants and “the extent to which, if at all, the special procedures applicable to asbestos cases should extend to tobacco companies.” The Court of Appeals remanded these issues to be determined at the trial court level. In June 2017, the trial court issued an order dismissing all synergy cases against the tobacco defendants, including Liggett, without prejudice. Plaintiffs may seek appellate review or file new cases against the tobacco companies. Liggett Only Cases There are currently two cases pending where Liggett is the only remaining defendant. Each of these cases is an Individual Action. In Hausrath , a New York case, mediation is set for November 29, 2018 and trial is set for March 28, 2019. Discovery is ongoing. There has been no recent activity in Cowart , a Florida case. It is possible that cases where Liggett is the only defendant could increase as a result of the remaining Engle progeny cases and newly filed Individual Cases. Class Actions As of September 30, 2018 , three actions were pending for which either a class had been certified or plaintiffs were seeking class certification where Liggett is a named defendant. Other cigarette manufacturers are also named in these actions. Plaintiffs’ allegations of liability in class action cases are based on various theories of recovery, including negligence, gross negligence, strict liability, fraud, misrepresentation, design defect, failure to warn, nuisance, breach of express and implied warranties, breach of special duty, conspiracy, concert of action, violation of deceptive trade practice laws and consumer protection statutes and claims under the federal and state anti-racketeering statutes. Plaintiffs in the class actions seek various forms of relief, including compensatory and punitive damages, treble/multiple damages and other statutory damages and penalties, creation of medical monitoring and smoking cessation funds, disgorgement of profits, and injunctive and equitable relief. Defenses raised in these cases include, among others, lack of proximate cause, individual issues predominate, assumption of the risk, comparative fault and/or contributory negligence, statute of limitations and federal preemption. In November 1997, in Young v. American Tobacco Co., a purported personal injury class action was commenced on behalf of plaintiff and all similarly situated residents in Louisiana who, though not themselves cigarette smokers, allege they were exposed to secondhand smoke from cigarettes that were manufactured by the defendants, including Liggett, and suffered injury as a result of that exposure. The plaintiffs seek to recover an unspecified amount of compensatory and punitive damages. No class certification hearing has been held. The stay order entered on March 16, 2016 stays the case pending completion of the smoking cessation program ordered by the court in Scott v. The American Tobacco Co . In February 1998, in Parsons v. AC & S Inc. , a purported class action was commenced on behalf of all West Virginia residents who allegedly have personal injury claims arising from exposure to cigarette smoke and asbestos fibers. The complaint seeks to recover $1,000 in compensatory and punitive damages individually and unspecified compensatory and punitive damages for the class. The case is stayed due to the December 2000 bankruptcy of three of the defendants. Although not technically a class action, in In Re: Tobacco Litigation (Personal Injury Cases) , a West Virginia state court consolidated approximately 750 individual smoker actions that were pending prior to 2001 for trial of certain “common” issues. Liggett was severed from trial of the consolidated action. In May 2013, the jury rejected all but one of the plaintiffs’ claims finding in favor of plaintiffs on the claim that ventilated filter cigarettes between 1964 and July 1, 1969 should have included instructions on how to use them. The court entered judgment in October 2013, dismissing all claims against the non-Liggett defendants except the ventilated filter claim on behalf of 30 plaintiffs. In May 2016 , the trial court ruled that the case could proceed against Liggett, notwithstanding the outcome of the first phase of the trial against the non-Liggett defendants. In October 2017, the trial court vacated the case management orders for the second phase based on notice from the non-Liggett parties of a settlement with the remaining 30 plaintiffs. In December 2017, the court ordered plaintiffs’ counsel to c

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS The following table summarizes key information related to the Company’s pension plans and other postretirement benefits: Pension Benefits Pension Benefits Other Postretirement Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2018 2017 2018 2017 2018 2017 2018 2017 Service cost — benefits earned during the period $ 147 $ 141 $ 441 $ 423 $ 2 $ 2 $ 3 $ 4 Interest cost on projected benefit obligation 1,124 1,262 3,370 3,794 82 92 246 276 Expected return on assets (1,393 ) (1,356 ) (4,179 ) (4,068 ) — — — — Amortization of net loss (gain) 451 503 1,354 1,506 (10 ) (14 ) (30 ) (40 ) Net expense $ 329 $ 550 $ 986 $ 1,655 $ 74 $ 80 $ 219 $ 240

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company’s effective income tax rate is based on expected income, statutory rates, valuation allowances against deferred tax assets, and any tax planning opportunities available to the Company. For interim financial reporting, the Company estimates the annual effective income tax rate based on full year projections and applies the annual effective income tax rate against year-to-date pretax income (loss) to record income tax expense , adjusted for discrete items, if any. The Company refines annual estimates as new information becomes available. The Company’s tax rate does not bear a relationship to statutory tax rates due to a valuation allowance being established for interest expense that is not deductible under the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). Specifically, the Tax Act establishes criteria that limit the amount of deductible annual interest expense but allows for an interest expense carry forward for any interest expense limitation applied to taxable income. The Company expects a portion of its interest expense in 2018 to be disallowed as a tax deduction and, based on current projections, the Company does not expect any of this disallowed interest expense to be tax deductible in the future. Consequently, as part of its annual effective tax rate, the Company has established an interest expense carryforward deferred tax asset and corresponding valuation allowance for any disallowed interest expense in 2018. Further, based on available guidance for the Tax Act, the Company expects to receive an income tax deduction for any stock-based compensation granted as part of a binding agreement in effect prior to November 2, 2017 but not awards after November 2, 2017 related to performance-based cash incentive plans that existed. Upon the issuance of additional guidance related to the Tax Act, the Company’s expectations may change which could result in additional changes to the Company’s annual effective tax rate. The Company’s income tax expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Income before provision for income taxes $ 29,714 $ 26,950 $ 67,082 $ 70,316 Income tax expense using estimated annual effective income tax rate 15,194 10,331 33,809 26,961 Changes in effective tax rates 1,895 173 — — Change in estimate for the impact of Tax Cuts and Jobs Act of 2017 (162 ) — (1,971 ) — Impact of discrete items, net (2,241 ) (4,032 ) (2,444 ) (4,444 ) Income tax expense $ 14,686 $ 6,472 $ 29,394 $ 22,517 The Company’s change in estimate for the impact of the Tax Cuts and Jobs Act of 2017 relates to the net impact of increased deductions taken on the Company’s 2017 federal income tax return in conjunction with the Tax Act’s income tax rate reduction from 2017 to 2018. The discrete items for the nine months ended September 30, 2018 are primarily related to an income tax benefit associated with a state tax credit, the windfall tax benefit from the vesting of a performance-based stock grant, and a change in estimate for the impact of the Tax Act. The discrete items for the nine months ended September 30, 2017 are primarily related to an income tax benefit associated with a state tax credit and the windfall tax benefit from the vesting of a performance-based stock grant. On December 22, 2017 , the Tax Act was enacted and made significant changes to the Internal Revenue Code. Changes effective for tax years beginning after December 31, 2017 include, but are not limited to, a corporate tax rate decrease from 35% to 21% and a limit on interest expense deductions to 30% of taxable income before interest, depreciation and amortization from 2018 to 2021 and then taxable income before interest thereafter. The Tax Act permits disallowed interest expense to be carried forward indefinitely. The Company has calculated its best estimate of the impact of the Tax Act in its 2017 year-end income tax provision in accordance with its understanding of the Tax Act and guidance available as of the date of this filing. The Company’s estimate of the provisional amount related to the remeasurement of certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future was a benefit of $28,845 at December 31, 2017 . The provisional estimates are based on the Company’s initial analysis of the Tax Act. Given the significant complexity of the Tax Act, anticipated guidance from the U.S. Treasury about implementing the Tax Act, and the potential for additional guidance from the Securities and Exchange Commission or the Financial Accounting Standards Board related to the Tax Act, these estimates may be adjusted during 2018 . On December 22, 2017 , SAB 118 was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Act. Upon refinement of certain estimates from those computed as of December 31, 2017 , the Company has recorded an additional income tax benefit of $162 and $1,971 during the three and nine months ended September 30, 2018 . These amounts related to deductions received from pass through entities in 2017 that were greater than anticipated when the December 31, 2017

Investments and Fair Value Meas

Investments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	INVESTMENTS AND FAIR VALUE MEASUREMENTS The Company’s recurring financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of September 30, 2018 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 218,868 $ 218,868 $ — $ — Commercial paper (1) 45,606 — 45,606 — Certificates of deposit (2) 2,243 — 2,243 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 29,807 29,807 — — Mutual funds invested in fixed-income securities 21,187 21,187 — — Total equity securities at fair value 50,994 50,994 — — Debt securities available for sale U.S. government securities 28,311 — 28,311 — Corporate securities 42,858 — 42,858 — U.S. government and federal agency 3,194 — 3,194 — Commercial mortgage-backed securities 407 — 407 — Commercial paper 5,992 — 5,992 — Index-linked U.S. bonds 2,345 — 2,345 — Foreign fixed-income securities 1,145 — 1,145 — Total debt securities available for sale 84,252 — 84,252 — Total investment securities at fair value 135,246 50,994 84,252 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient 58,787 — 58,787 — Total $ 461,285 $ 270,397 $ 190,888 $ — Liabilities: Fair value of derivatives embedded within convertible debt $ 45,124 $ — $ — $ 45,124 (1) Amounts included in cash and cash equivalents on the condensed consolidated balance sheet, except for $2,570 that is included in current restricted assets and $3,910 that is included in restricted assets. (2) Amounts included in current restricted assets and restricted assets on the condensed consolidated balance sheet. Fair Value Measurements as of December 31, 2017 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 166,915 $ 166,915 $ — $ — Commercial paper (1) 43,781 — 43,781 — Certificates of deposit (2) 2,497 — 2,497 — Money market funds securing legal bonds (2) 2,990 2,990 — — Investment securities at fair value Equity securities 44,634 44,634 — — Mutual funds invested in fixed-income securities 21,041 21,041 — — Fixed-income securities U.S. government securities 28,502 — 28,502 — Corporate securities 41,329 — 41,329 — U.S. government and federal agency 4,564 — 4,564 — Commercial mortgage-backed securities 426 — 426 — Commercial paper 7,027 — 7,027 — Index-linked U.S. bonds 2,316 — 2,316 — Foreign fixed income securities 650 — 650 — Total fixed-income securities 84,814 — 84,814 — Total investment securities at fair value 150,489 65,675 84,814 — Total $ 366,672 $ 235,580 $ 131,092 $ — Liabilities: Fair value of derivatives embedded within convertible debt $ 76,413 $ — $ — $ 76,413 Nonrecurring fair value measurements Long-term investments (3) $ 4,475 $ 4,475 $ (525 ) $ 4,475 $ 4,475 $ (525 ) (1) Amounts included in cash and cash equivalents on the condensed consolidated balance sheet. (2) Amounts included in current restricted assets and restricted assets on the condensed consolidated balance sheet. (3) Long-term investments with a carrying amount of $5,000 were written down to their fair value of $4,475 , resulting in an impairment charge of $525 , which was included in earnings. The fair value of the Level 2 certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is the rate offered by the financial institution. The fair value of investment securities at fair value included in Level 1 is based on quoted market prices from various stock exchanges. The Level 2 investment securities at fair value are based on quoted market prices of securities that are thinly traded, quoted prices for identical or similar assets in markets that are not active or inputs other than quoted prices such as interest rates and yield curves. The Level 2 long-term investments are based on NAV per share provided by the partnerships based on the indicated market value of the underlying assets or investment portfolio. The fair value of derivatives embedded within convertible debt was derived using a valuation model. These derivatives have been classified as Level 3. The valuation model assumes future dividend payments by the Company and utilizes interest rates and credit spreads based upon the implied credit spread of the 5.5% Convertible Notes due 2020 to determine the fair value of the derivatives embedded within the convertible debt. The changes in fair value of derivatives embedded within convertible debt are presented on the condensed consolidated statements of operations. The value of the embedded derivatives is contingent on changes in implied interest rates of the convertible debt, the Company’s stock price, stock volatility as well as projections of future cash and stock dividends over the term of the debt. The interest rate component of the value of the embedded derivative is computed by calculating an equivalent non-convertible, unsecured and subordinated borrowing cost. This rate is determined by calculating the implied rate on the Company’s 2020 Convertible Notes when removing the embedded option value within the convertible security. This rate is based upon market observable inputs and influenced by the Company’s stock price, convertible bond trading price, risk-free interest rates and stock volatility. The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at September 30, 2018 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at September 30, Valuation Technique Unobservable Input Range (Actual) Fair value of derivatives embedded within convertible debt $ 45,124 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 13.78 Convertible trading price (as a percentage of par value) 104.10 % Volatility 18.06 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 5.0% - 6.0% (5.5%) The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2017 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Input Range (Actual) Fair value of derivatives embedded within convertible debt $ 76,413 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 22.38 Convertible trading price (as a percentage of par value) 115.19 % Volatility 17.98 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 3.0% - 4.0% (3.5%)

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company’s business segments for the three and nine months ended September 30, 2018 and 2017 were Tobacco and Real Estate. The Tobacco segment consisted of the manufacture and sale of conventional cigarettes. The Real Estate segment included the Company’s investment in New Valley LLC, which includes Douglas Elliman, Escena, Sagaponack and investments in real estate ventures. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. As a result of the reduction in e-cigarette activities, results from the Company’s E-cigarette operations are now included in the Corporate and Other Segment and 2017 information has been recast to conform to the 2018 presentation. This change did not have an impact to the Company’s historical consolidated results. Financial information for the Company’s operations before taxes and non-controlling interests for the three and nine months ended September 30, 2018 and 2017 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended September 30, 2018 Revenues $ 302,009 $ 211,860 $ — $ 513,869 Operating income (loss) 63,259 9,115 (6,356 ) 66,018 Equity in earnings from real estate ventures — 294 — 294 Depreciation and amortization 2,059 2,398 250 4,707 Three months ended September 30, 2017 Revenues $ 294,245 $ 190,860 $ (480 ) $ 484,625 Operating income (loss) 61,601 (1) 3,989 (5,867 ) 59,723 Equity in losses from real estate ventures — (47 ) — (47 ) Depreciation and amortization 2,050 2,075 261 4,386 Nine months ended September 30, 2018 Revenues $ 843,958 $ 580,365 $ — $ 1,424,323 Operating income (loss) 189,185 (2) 6,222 (3) (19,444 ) 175,963 Equity in losses from real estate ventures — (8,378 ) — (8,378 ) Depreciation and amortization 6,171 7,105 767 14,043 Capital expenditures 4,175 8,356 15 12,546 Nine months ended September 30, 2017 Revenues $ 823,876 $ 548,426 $ (480 ) $ 1,371,822 Operating income (loss) 185,526 (4) 21,195 (19,277 ) 187,444 Equity in earnings from real estate ventures — 26,357 — 26,357 Depreciation and amortization 6,803 6,210 1,015 14,028 Capital expenditures 2,682 12,545 31 15,258 (1) Operating income includes $1,826 of income from MSA Settlement, and $4,104 of litigation judgment expense. (2) Operating income includes $6,298 of income from MSA Settlement, and $525 of litigation judgment expense. (3) Operating income includes $2,469 of litigation judgment income. (4) Operating income includes $2,721 of income from MSA Settlement, and $5,791

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Information	CONDENSED CONSOLIDATING FINANCIAL INFORMATION The following condensed consolidating financial information has been prepared and presented pursuant to Securities and Exchange Commission (“SEC”) Regulation S-X, Rule 3-10, “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” Each of the subsidiary guarantors is 100% owned, directly or indirectly, by the Company, and all guarantees are full and unconditional and joint and several. The guarantors are engaged in the Company’s tobacco business. The Company’s investments in its consolidated subsidiaries are presented under the equity method of accounting. The Company and the guarantors included in the condensed consolidating financial information in this note have filed a shelf registration statement for the offering of debt securities on a delayed or continuous basis and the Company is filing this condensed consolidating financial information in connection therewith. Any such debt securities may be issued by the Company and guaranteed by these guarantors, but any such debt securities would not be guaranteed by any of the Company’s subsidiaries engaged in the real estate businesses conducted through its subsidiary New Valley. Presented herein are Condensed Consolidating Balance Sheets as of September 30, 2018 and December 31, 2017 , the related Condensed Consolidating Statements of Operations for the three and nine months ended September 30, 2018 and 2017 , and the related Condensed Consolidating Statements of Cash Flows for the three and nine months ended September 30, 2018 and 2017 of Vector Group Ltd. (Parent/Issuer), the guarantor subsidiaries (Subsidiary Guarantors) and the subsidiaries that are not guarantors (Subsidiary Non-Guarantors). DER Holdings LLC, which owns the Company’s 70.59% interest in Douglas Elliman LLC, is a guarantor of the Company’s 10.5% September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 162,205 $ 111,056 $ 90,458 $ — $ 363,719 Investment securities at fair value 113,742 21,504 — — 135,246 Accounts receivable - trade, net — 12,485 15,433 — 27,918 Intercompany receivables 36,542 — — (36,542 ) — Inventories — 84,293 — — 84,293 Income taxes receivable, net — — 9,628 (9,628 ) — Restricted assets — 1,403 3,418 — 4,821 Other current assets 21,043 6,389 18,239 — 45,671 Total current assets 333,532 237,130 137,176 (46,170 ) 661,668 Property, plant and equipment, net 547 39,981 45,797 — 86,325 Investments in real estate, net — — 25,198 — 25,198 Long-term investments (of which $58,787 were carried at fair value) 76,452 — — — 76,452 Investments in real estate ventures — — 142,988 — 142,988 Investments in consolidated subsidiaries 421,500 — — (421,500 ) — Restricted assets 1,487 899 3,910 — 6,296 Goodwill and other intangible assets, net — 107,511 159,522 — 267,033 Prepaid pension costs — 28,838 — — 28,838 Other assets 13,187 12,949 25,940 — 52,076 Total assets $ 846,705 $ 427,308 $ 540,531 $ (467,670 ) $ 1,346,874 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 204,816 $ 29,612 $ 328 $ — $ 234,756 Current portion of fair value of derivatives embedded within convertible debt 12,851 — — — 12,851 Current portion of employee benefits — 952 — — 952 Intercompany payables — 515 36,027 (36,542 ) — Income taxes payable, net 6,288 8,419 — (9,628 ) 5,079 Litigation accruals and current payments due under the Master Settlement Agreement — 130,049 — — 130,049 Other current liabilities 33,323 50,294 56,792 — 140,409 Total current liabilities 257,278 219,841 93,147 (46,170 ) 524,096 Notes payable, long-term debt and other obligations, less current portion 1,055,659 2,517 196 — 1,058,372 Fair value of derivatives embedded within convertible debt 32,273 — — — 32,273 Non-current employee benefits 46,729 15,930 — — 62,659 Deferred income taxes, net (1,918 ) 20,148 33,357 — 51,587 Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 1,514 37,609 51,214 — 90,337 Total liabilities 1,391,535 296,045 177,914 (46,170 ) 1,819,324 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (544,830 ) 131,263 290,237 (421,500 ) (544,830 ) Non-controlling interest — — 72,380 — 72,380 Total stockholders' (deficiency) equity (544,830 ) 131,263 362,617 (421,500 ) (472,450 ) Total liabilities and stockholders' deficiency $ 846,705 $ 427,308 $ 540,531 $ (467,670 ) $ 1,346,874 December 31, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 194,719 $ 17,141 $ 89,493 $ — $ 301,353 Investment securities at fair value 121,282 29,207 — — 150,489 Accounts receivable - trade, net — 15,736 13,745 — 29,481 Intercompany receivables 29,541 — — (29,541 ) — Inventories — 89,790 — — 89,790 Income taxes receivable, net 22,661 — — (11,444 ) 11,217 Restricted assets — 3,052 7,206 — 10,258 Other current assets 20,549 3,429 17,151 (20,008 ) 21,121 Total current assets 388,752 158,355 127,595 (60,993 ) 613,709 Property, plant and equipment, net 696 42,493 42,327 — 85,516 Investments in real estate, net — — 23,952 — 23,952 Long-term investments (of which $0 were carried at fair value) 81,291 — — — 81,291 Investments in real estate ventures — — 188,131 — 188,131 Investments in consolidated subsidiaries 469,436 — — (469,436 ) — Restricted assets 1,501 1,987 — — 3,488 Goodwill and other intangible assets, net — 107,511 160,197 — 267,708 Prepaid pension costs — 27,697 — — 27,697 Other assets 7,843 12,355 16,588 — 36,786 Total assets $ 949,519 $ 350,398 $ 558,790 $ (530,429 ) $ 1,328,278 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ — $ 53,540 $ 288 $ (20,008 ) $ 33,820 Current portion of employee benefits — 952 — — 952 Intercompany payables — 449 29,092 (29,541 ) — Income taxes payable, net — 11,542 2 (11,444 ) 100 Litigation accruals and current payments due under the Master Settlement Agreement — 12,644 — — 12,644 Other current liabilities 49,088 62,353 45,682 — 157,123 Total current liabilities 49,088 141,480 75,064 (60,993 ) 204,639 Notes payable, long-term debt and other obligations, less current portion 1,190,333 3,448 463 — 1,194,244 Fair value of derivatives embedded within convertible debt 76,413 — — — 76,413 Non-current employee benefits 45,442 16,800 — — 62,242 Deferred income taxes, net 695 26,459 31,647 — 58,801 Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 1,467 41,315 20,917 — 63,699 Total liabilities 1,363,438 229,502 128,091 (60,993 ) 1,660,038 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (413,919 ) 120,896 348,540 (469,436 ) (413,919 ) Non-controlling interest — — 82,159 — 82,159 Total stockholders' (deficiency) equity (413,919 ) 120,896 430,699 (469,436 ) (331,760 ) Total liabilities and stockholders' deficiency $ 949,519 $ 350,398 $ 558,790 $ (530,429 ) $ 1,328,278 Three Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 302,128 $ 211,860 $ (119 ) $ 513,869 Expenses: Cost of sales — 219,769 140,533 — 360,302 Operating, selling, administrative and general expenses 8,915 16,497 62,256 (119 ) 87,549 Management fee expense — 2,878 — (2,878 ) — Operating (loss) income (8,915 ) 62,984 9,071 2,878 66,018 Other income (expenses): Interest expense (50,317 ) (760 ) (7 ) — (51,084 ) Change in fair value of derivatives embedded within convertible debt 10,005 — — — 10,005 Equity in earnings from real estate ventures — — 294 — 294 Equity in earnings from investments 3,230 — — — 3,230 Equity in earnings in consolidated subsidiaries 50,102 — — (50,102 ) — Net gain (loss) recognized on equity securities 1,086 (1,883 ) — — (797 ) Management fee income 2,878 — — (2,878 ) — Other, net 763 943 342 — 2,048 Income before provision for income taxes 8,832 61,284 9,700 (50,102 ) 29,714 Income tax benefit (expense) 3,170 (15,885 ) (1,971 ) — (14,686 ) Net income 12,002 45,399 7,729 (50,102 ) 15,028 Net income attributed to non-controlling interest — — (3,026 ) — (3,026 ) Net income attributed to Vector Group Ltd. $ 12,002 $ 45,399 $ 4,703 $ (50,102 ) $ 12,002 Comprehensive income attributed to non-controlling interest $ — $ — $ (3,026 ) $ — $ (3,026 ) Comprehensive income attributed to Vector Group Ltd. $ 12,320 $ 45,546 $ 4,703 $ (50,249 ) $ 12,320 Three Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 293,884 $ 190,860 $ (119 ) $ 484,625 Expenses: Cost of sales — 207,800 130,316 — 338,116 Operating, selling, administrative and general expenses 7,815 18,379 56,607 (119 ) 82,682 Litigation settlement and judgment expense — 4,104 — — 4,104 Management fee expense — 2,767 — (2,767 ) — Operating (loss) income (7,815 ) 60,834 3,937 2,767 59,723 Other income (expenses): Interest expense (42,420 ) (804 ) (10 ) — (43,234 ) Change in fair value of derivatives embedded within convertible debt 9,437 — — — 9,437 Equity in losses from real estate ventures — — (47 ) — (47 ) Equity in losses from investments (296 ) (7 ) — — (303 ) Equity in earnings in consolidated subsidiaries 38,291 — — (38,291 ) — Management fee income 2,767 — — (2,767 ) — Other, net 496 561 317 — 1,374 Income before provision for income taxes 460 60,584 4,197 (38,291 ) 26,950 Income tax benefit (expense) 18,804 (23,895 ) (1,381 ) — (6,472 ) Net income 19,264 36,689 2,816 (38,291 ) 20,478 Net income attributed to non-controlling interest — — (1,214 ) — (1,214 ) Net income attributed to Vector Group Ltd. $ 19,264 $ 36,689 $ 1,602 $ (38,291 ) $ 19,264 Comprehensive income attributed to non-controlling interest $ — $ — $ (1,214 ) $ — $ (1,214 ) Comprehensive income attributed to Vector Group Ltd. $ 19,908 $ 36,889 $ 1,602 $ (38,491 ) $ 19,908 Nine Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 844,316 $ 580,365 $ (358 ) $ 1,424,323 Expenses: Cost of sales — 597,492 389,851 — 987,343 Operating, selling, administrative and general expenses 26,331 49,342 187,646 (358 ) 262,961 Litigation settlement and judgment expense (income) — 525 (2,469 ) — (1,944 ) Management fee expense — 8,632 — (8,632 ) — Operating (loss) income (26,331 ) 188,325 5,337 8,632 175,963 Other income (expenses): Interest expense (143,286 ) (2,103 ) (63 ) — (145,452 ) Change in fair value of derivatives embedded within convertible debt 31,289 — — — 31,289 Equity in losses from real estate ventures — — (8,378 ) — (8,378 ) Equity in earnings from investments 9,205 — — — 9,205 Equity in earnings in consolidated subsidiaries 136,615 — — (136,615 ) — Net gain (loss) recognized on equity securities 3,443 (3,749 ) — — (306 ) Management fee income 8,632 — — (8,632 ) — Other, net 1,251 2,490 1,020 — 4,761 Income (loss) before provision for income taxes 20,818 184,963 (2,084 ) (136,615 ) 67,082 Income tax benefit (expense) 16,213 (47,433 ) 1,826 — (29,394 ) Net income (loss) 37,031 137,530 (258 ) (136,615 ) 37,688 Net income attributed to non-controlling interest — — (657 ) — (657 ) Net income (loss) attributed to Vector Group Ltd. $ 37,031 $ 137,530 $ (915 ) $ (136,615 ) $ 37,031 Comprehensive income attributed to non-controlling interest $ — $ — $ (657 ) $ — $ (657 ) Comprehensive income (loss) attributed to Vector Group Ltd. $ 37,918 $ 137,961 $ (915 ) $ (137,046 ) $ 37,918 Nine Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 823,754 $ 548,426 $ (358 ) $ 1,371,822 Expenses: Cost of sales — 570,461 358,472 — 928,933 Operating, selling, administrative and general expenses 26,046 55,068 168,898 (358 ) 249,654 Litigation settlement and judgment expense — 5,791 — — 5,791 Management fee expense — 8,301 — (8,301 ) — Operating (loss) income (26,046 ) 184,133 21,056 8,301 187,444 Other income (expenses): Interest expense (133,650 ) (2,474 ) (22 ) — (136,146 ) Change in fair value of derivatives embedded within convertible debt 26,142 — — — 26,142 Loss on extinguishment of debt (34,110 ) — — — (34,110 ) Equity in earnings from real estate ventures — — 26,357 — 26,357 Equity in losses from investments (2,787 ) (36 ) — — (2,823 ) Equity in earnings in consolidated subsidiaries 136,570 — — (136,570 ) — Management fee income 8,301 — — (8,301 ) — Other, net 944 1,510 998 — 3,452 (Loss) income before provision for income taxes (24,636 ) 183,133 48,389 (136,570 ) 70,316 Income tax benefit (expense) 66,484 (71,300 ) (17,701 ) — (22,517 ) Net income 41,848 111,833 30,688 (136,570 ) 47,799 Net income attributed to non-controlling interest — — (5,951 ) — (5,951 ) Net income attributed to Vector Group Ltd. $ 41,848 $ 111,833 $ 24,737 $ (136,570 ) $ 41,848 Comprehensive income attributed to non-controlling interest $ — $ — $ (5,951 ) $ — $ (5,951 ) Comprehensive income attributed to Vector Group Ltd. $ 41,131 $ 110,382 $ 24,737 $ (135,119 ) $ 41,131 Nine Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 118,890 $ 244,377 $ 20,693 $ (174,152 ) $ 209,808 Cash flows from investing activities: Sale of investment securities 10,940 3,955 — — 14,895 Maturities of investment securities 16,899 — — — 16,899 Purchase of investment securities (22,516 ) — — — (22,516 ) Investments in real estate ventures — — (6,132 ) — (6,132 ) Acquisition of a business — — (370 ) — (370 ) Distributions from investments in real estate ventures — — 37,819 — 37,819 Increase in cash surrender value of life insurance policies (345 ) (461 ) — — (806 ) Decrease in restricted assets 14 240 — — 254 Investments in subsidiaries (8,103 ) — — 8,103 — Capital expenditures (15 ) (4,175 ) (8,356 ) — (12,546 ) Repayments of notes receivable 20,000 — 67 (20,000 ) 67 Pay downs of investment securities 1,293 — — — 1,293 Investments in real estate, net — — (1,495 ) — (1,495 ) Net cash provided by (used in) investing activities 18,167 (441 ) 21,533 (11,897 ) 27,362 Cash flows from financing activities: Repayments of debt — (21,263 ) (227 ) 20,000 (1,490 ) Borrowings under revolver — 261,058 — — 261,058 Repayments on revolver — (264,654 ) — — (264,654 ) Capital contributions received — 650 7,453 (8,103 ) — Intercompany dividends paid — (128,308 ) (45,844 ) 174,152 — Dividends and distributions on common stock (169,571 ) — — — (169,571 ) Distributions to non-controlling interest — — (2,521 ) — (2,521 ) Net cash used in financing activities (169,571 ) (152,517 ) (41,139 ) 186,049 (177,178 ) Net (decrease) increase in cash, cash equivalents and restricted cash (32,514 ) 91,419 1,087 — 59,992 Cash, cash equivalents and restricted cash, beginning of period 194,719 20,175 96,043 — 310,937 Cash, cash equivalents and restricted cash, end of period $ 162,205 $ 111,594 $ 97,130 $ — $ 370,929 Nine Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 91,858 $ 231,182 $ 43,131 $ (159,728 ) $ 206,443 Cash flows from investing activities: Sale of investment securities 23,066 — — — 23,066 Maturities of investment securities 94,858 — — — 94,858 Purchase of investment securities (120,362 ) — — — (120,362 ) Proceeds from sale or liquidation of long-term investments 500 — 466 — 966 Purchase of long-term investments (26,500 ) — — — (26,500 ) Investments in real estate ventures — — (20,830 ) — (20,830 ) Investments in real estate, net — — (357 ) — (357 ) Acquisition of a business — — (6,569 ) — (6,569 ) Distributions from investments in real estate ventures — — 23,338 — 23,338 Increase in cash surrender value of life insurance policies (371 ) (460 ) — — (831 ) Decrease in restricted assets 231 1,784 97 — 2,112 Issuance of notes receivable — — (1,633 ) — (1,633 ) Pay downs of investment securities 2,153 — — — 2,153 Proceeds from sale of fixed assets — 75 — — 75 Investments in subsidiaries (20,245 ) — — 20,245 — Capital expenditures (31 ) (2,682 ) (12,545 ) — (15,258 ) Net cash used in investing activities (46,701 ) (1,283 ) (18,033 ) 20,245 (45,772 ) Cash flows from financing activities: Proceeds from issuance of debt 850,000 — 21 — 850,021 Deferred financing costs (19,200 ) — — — (19,200 ) Repayments of debt (835,000 ) (1,465 ) (135 ) — (836,600 ) Borrowings under revolver — 121,521 — — 121,521 Repayments on revolver — (152,870 ) — — (152,870 ) Capital contributions received — 550 19,695 (20,245 ) — Intercompany dividends paid — (124,783 ) (34,945 ) 159,728 — Dividends and distributions on common stock (158,425 ) — — — (158,425 ) Proceeds from issuance of Vector common stock 43,230 — — — 43,230 Distributions to non-controlling interest — — (165 ) — (165 ) Net cash used in financing activities (119,395 ) (157,047 ) (15,529 ) 139,483 (152,488 ) Net (decrease) increase in cash, cash equivalents and restricted cash (74,238 ) 72,852 9,569 — 8,183 Cash, cash equivalents and restricted cash, beginning of period 279,815 19,684 99,079 — 398,578 Cash, cash equivalents and restricted cash, end of period $ 205,577 $ 92,536 $ 108,648 $ — $ 406,761

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The condensed consolidated financial statements of Vector Group Ltd. (the “Company” or “Vector”) include the accounts of Liggett Group LLC (“Liggett”), Vector Tobacco Inc. (“Vector Tobacco”), Liggett Vector Brands LLC (“Liggett Vector Brands”), New Valley LLC (“New Valley”) and other less significant subsidiaries. New Valley includes the accounts of Douglas Elliman Realty, LLC (“Douglas Elliman”) and other less significant subsidiaries. All significant intercompany balances and transactions have been eliminated.
Basis of Accounting	The unaudited, interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017
Distributions and Dividends on Common Stock	Distributions and Dividends on Common Stock :
Earnings Per Share (“EPS”)	Earnings Per Share (“EPS”) : Information concerning the Company’s common stock has been adjusted to give retroactive effect to the 5% stock dividend paid to Company stockholders on September 27, 2018 . All per share amounts and references to share amounts have been updated to reflect the retrospective effect of the stock dividends.
Fair Value of Derivatives Embedded within Convertible Debt	Fair Value of Derivatives Embedded within Convertible Debt :
Investments in Real Estate Ventures	Investments in Real Estate Ventures: In accounting for its investments in real estate ventures, the Company identified its participation in Variable Interest Entities (“VIE”), which are defined as entities in which the equity investors at risk have not provided enough equity at risk to finance its activities without additional subordinated support or the equity investors (1) cannot directly or indirectly make decisions about the entity’s activities through their voting rights or similar rights; (2) do not have the obligation to absorb the expected losses of the entity; (3) do not have the right to receive the expected residual returns of the entity; or (4) have voting rights that are not proportionate to their economic interests and the entity’s activities involve or are conducted on behalf of an investor with a disproportionately small voting interest. The Company’s interest in VIEs is primarily in the form of equity ownership. The Company examines specific criteria and uses judgment when determining if the Company is the primary beneficiary of a VIE. Factors considered include risk and reward sharing, experience and financial condition of other partner(s), voting rights, involvement in day-to-day capital and operating decisions, representation on a VIE’s executive committee, existence of unilateral kick-out rights exclusive of protective rights or voting rights and level of economic disproportionality between the Company and its other partner(s). Accounting guidance requires the consolidation of VIEs in which the Company is the primary beneficiary. The guidance requires consolidation of VIEs that an enterprise has a controlling financial interest. A controlling financial interest will have both of the following characteristics: (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE.
Restricted Cash	Amounts included in current restricted assets and restricted assets represent cash and cash equivalents required to be deposited into escrow for bonds required to appeal adverse product liability judgments, amounts required for letters of credit related to office leases, and certain deposit requirements for banking arrangements. The restrictions related to the appellate bonds will remain in place until the appeal process has been completed. The restrictions related to the letters of credit will remain in place for the duration of the respective lease. The restrictions related to the banking arrangements will remain in place for the duration of the arrangement.
New Accounting Pronouncements	New Accounting Pronouncements : Accounting Standards Updates (“ASU”) adopted in 2018 : In March 2018, the FASB issued ASU 2018-05, “Income Taxes (Topic 740), Amendments Pursuant to SEC Staff Accounting Bulletin No. 118.” The ASU adds various Securities and Exchange Commission (“SEC”) paragraphs pursuant to the issuance of the December 2017 SEC Staff Accounting Bulletin No. 118 (“SAB 118”), Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which was effective immediately. The SEC issued SAB 118 to address concerns about reporting entities’ ability to timely comply with the accounting requirements to recognize all of the effects of the Tax Cuts and Jobs Act in the period of enactment. SAB 118 requires disclosure that timely determination of some or all of the income tax effects from the Tax Cuts and Jobs Act are incomplete at the time of filing the financial statements and disclosure upon completion of measurement of the effects. Additionally, the Company has accounted for the tax effects of the Tax Cuts and Jobs Act under the guidance of SAB 118 on a provisional basis as the Company has determined reasonable estimates for those effects and has recorded the provisional amounts in its condensed consolidated financial statements as of September 30, 2018 and December 31, 2017 . In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 provides guidance that requires an employer to report the service cost component separate from the other components of net benefit pension costs. The employer is required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside the subtotal of income from operations, if one is presented. If a separate line item is not used, the line item used in the income statement must be disclosed. The Company adopted ASU 2017-07 during the first quarter of 2018 using a retrospective adoption method. Other than the revised statement of operations presentation, the adoption of ASU 2017-07 did not have a material impact on the Company’s condensed consolidated financial statements. Three Months Ended Nine Months Ended September 30, 2017 September 30, 2017 As Previously Reported Adoption of ASU 2017-07 As Revised As Previously Reported Adoption of ASU 2017-07 As Revised Operating, selling, administrative and general expenses $ 83,172 $ (490 ) $ 82,682 $ 251,124 $ (1,470 ) $ 249,654 Operating income 59,233 490 59,723 185,974 1,470 187,444 Other, net 1,864 (490 ) 1,374 4,922 (1,470 ) 3,452 Income before provision for income taxes $ 26,950 $ — $ 26,950 $ 70,316 $ — $ 70,316 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) (“ASU 2016-18”). ASU 2016-18 provides guidance on the classification of restricted cash to be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts on the statement of cash flows. The Company adopted ASU 2016-18 during the first quarter of 2018 using a retrospective adoption method. Other than the changes in presentation within the statement of cash flows, the adoption of ASU 2016-18 did not have a material impact on the Company’s condensed consolidated financial statements. See Note 1. item (j) for a reconciliation of cash, cash equivalents, and restricted cash from the condensed consolidated balance sheet to the condensed consolidated statement of cash flows. Nine Months Ended September 30, 2017 As Previously Reported Adoption of ASU 2016-18 As Revised Decrease in restricted assets $ (3,541 ) $ 5,653 $ 2,112 Net cash used in investing activities (51,425 ) 5,653 (45,772 ) Net increase in cash, cash equivalents and restricted cash 2,530 5,653 8,183 Cash, cash equivalents and restricted cash, beginning of period 393,530 5,048 398,578 Cash, cash equivalents and restricted cash, end of period 396,060 10,701 406,761 In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice on how certain cash receipts and payments are presented and classified in the statement of cash flows. The standard provides guidance in a number of situations including, among others, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and distributions received from equity-method investees. ASU 2016-15 also provides guidance for classifying cash receipts and payments that have aspects of more than one class of cash flows. ASU 2016-15 was effective for the Company’s fiscal year beginning January 1, 2018. Other than the changes in presentation within the statement of cash flows, the adoption of ASU 2016-15 did not have a material impact on the Company’s condensed consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (“ASU 2016-08”). ASU 2016-08 does not change the core principle of the guidance stated in ASU 2014-09, Revenue from Contracts with Customers (Topic 606), (“ASU 2014-9”), instead, the amendments in this ASU are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations and whether an entity reports revenue on a gross or net basis. ASU 2016-08 had the same effective date and transition requirements as the new revenue standard issued in ASU 2014-09. In May 2014, the FASB issued ASU 2014-09. The new revenue standard outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new revenue standard contains principles to determine the measurement of revenue and timing of when it is recognized. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the provisions of this guidance on January 1, 2018 using the modified retrospective approach with a cumulative-effect adjustment to beginning stockholders’ deficiency at January 1, 2018. The Comparative information has not been restated and continues to be reported under the accounting standards in effect for the period presented. See Note 2 - Revenue Recognition, for additional accounting policy and transition disclosures. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 modifies how entities measure equity investments and present changes in the fair value of financial liabilities. Under the new guidance, entities have to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments - Overall (Subtopic 825-10) (“ASU 2018-03”), which amends the guidance in ASU 2016-01 by replacing the cost method of accounting for non-marketable equity securities with a model for recognizing impairments and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company adopted the new guidance during the first quarter of 2018 using a modified-retrospective method for equity securities measured at fair value and early adopted the amendments for equity securities without readily determinable fair values that do not qualify for the practical expedient. The adoption of the guidance resulted in a cumulative-effect adjustment that decreased beginning accumulated deficit by $14,874 . The adjustment consisted of $6,036 , net of tax related to the reclassification from accumulated other comprehensive income (“AOCI”) into accumulated deficit of the net unrealized gains and related tax impact pertaining to investment securities that were previously classified as equity securities available for sale and fixed-income securities available for sale. The net impact of $8,838 to stockholder’s deficiency related to the change in accounting treatment for equity securities previously classified as cost-method long-term investments. In March 2018, the FASB issued ASU 2018-04, Investments - Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (“ASU 2018-04”), which incorporate into the Accounting Standards Codification (“ASC”) recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting guidance, such as Topic 321, and SEC rules and regulations. The guidance also amends and supersedes various paragraphs that contain SEC guidance in ASC 320, Investments - Debt Securities and ASC 980, Regulated Operations. The Company indirectly adopted this guidance upon the adoption of ASU 2016-01 during the first quarter of 2018. There was no additional impact on the Company’s condensed consolidated financial statements other than those resulting from the adoption of ASU 2016-01. ASUs to be adopted in future periods: In August 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-15 will have on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018-14”). ASU 2018-14 eliminates the requirement to disclose the amounts in accumulated other comprehensive income expected to be recognized as part of net periodic benefit cost over the next year. The ASU also removes the disclosure requirements for the effects of a one-percentage-point change on the assumed health care costs and the effect of this change in rates on service cost, interest cost and the benefit obligation for postretirement health care benefits. ASU 2018-14 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. Early adoption is permitted. The adoption of ASU 2018-14 will only impact financial statement disclosure with no impact on operating results. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which is designed to improve the effectiveness of disclosures by removing, modifying and adding disclosures related to fair value measurements. The ASU eliminates disclosures such as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy. The ASU also adds new disclosure requirements for Level 3 measurements. ASU No. 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of ASU 2018-13 will only impact financial statement disclosure with no impact on operating results. In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements (“ASU 2018-09”). This standard does not prescribe any new accounting guidance, but instead makes minor improvements and clarifications of several different FASB Accounting Standards Codification areas based on comments and suggestions made by various stakeholders. Certain updates are applicable immediately while others provide for a transition period to adopt as part of the next fiscal year beginning after December 15, 2018. For the updates effective immediately, their adoption did not have a material impact on the Company’s condensed consolidated financial statements. The Company is currently assessing the impact of the portions of ASU 2018-09 that are effective after December 15, 2018 on the Company’s condensed consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which simplifies the accounting for share-based payments granted to nonemployees for goods and services. ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-07 will have on the Company’s condensed consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which allows for stranded tax effects in accumulated other comprehensive income resulting from the Tax Act to be reclassified to retained earnings. ASU 2018-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the impact the adoption of ASU 2018-02 will have on the Company’s condensed consolidated financial statements. On January 1, 2018, the Company adopted Topic 606 applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the FASB Accounting Standard Codification Topic 605 (“Topic 605”) in effect for the prior periods and are, therefore, not comparative. The following practical expedients and optional disclosure exemptions available under Topic 606 have been applied: 1. The Company applied the practical expedient in paragraph 606-10-65-1(h) of Topic 606, and did not restate contracts that were completed as of the date of initial application i.e. January 1, 2018. 2. The Company applied the practical expedient in paragraph 606-10-65-1(f)(4) of Topic 606, and did not separately evaluate the effects of contract modifications. Instead, the Company reflected the aggregate effect of all the modifications that occurred before the initial application date, i.e. January 1, 2018. 3. The Company applied the optional exemption in paragraph 606-10-50-14 of Topic 606, and has not disclosed the amount of the transaction price allocated to the remaining performance obligations for the Real Estate property management business because the contracts to provide property management services are typically annual contracts and provide cancellation rights to customers. 4. The Company applied the optional exemption in paragraph 606-10-50-14A of Topic 606, and has not disclosed the amount of the transaction price allocated to the remaining performance obligations for the Real Estate development marketing business because the transaction prices in these contracts are comprised entirely of variable consideration based on the ultimate selling price of each unit in the subject property. The total contract transaction price is allocated to each unit in the subject property and recognized when the performance obligation, i.e. the sale of each unit, is satisfied. Accordingly, the transaction price allocated to the remaining performance obligations for the development marketing business represents variable consideration allocated entirely to wholly unsatisfied performance obligations. The details of the significant changes and quantitative impact of the changes resulting in the adoption of Topic 606 are set out below. Tobacco: The adoption of the new revenue standard had no impact on the timing of Tobacco revenue recognition. However, certain amounts previously classified as revenue, cost of sales and operating, selling, administrative and general expenses in the condensed consolidated statement of operations are classified differently beginning January 1, 2018. Certain amounts previously classified as other current liabilities on the condensed consolidated balance sheet as of January 1, 2018 and September 30, 2018 were also reclassified. Upon adoption of the new revenue standard, the Company elected to account for shipping and handling expenses that occur after the customer has obtained control of cigarettes as a fulfillment activity in cost of sales. Prior to the adoption of Topic 606, these costs were recorded as operating, selling, administrative and general expenses. In addition, the Company determined that payments to customers attributed to the sharing of sales data that were previously presented as operating, selling, administrative and general expenses do not constitute a distinct service under the new standard and are now presented as a reduction in Tobacco revenue. Prior to the adoption of Topic 606, the Company’s allowance for expected sales returns, net of expected federal excise tax recoveries was presented in other current liabilities. Changes in the allowance for expected returns were reflected as a change in Tobacco revenue. Upon adoption of Topic 606, the Company records an allowance for goods estimated to be returned in other current liabilities and an associated receivable for anticipated federal excise tax refunds in other current assets on the condensed consolidated balance sheet. Changes in the liability for sales returns continue to be reflected in Tobacco revenue, while changes in the receivable associated with expected federal excise tax refunds on returns are reflected in Tobacco cost of sales. Real Estate. Certain services and advanced payments in the Company’s Real Estate development marketing business do not meet the requirements for revenue recognition as a separate performance obligation. Accordingly, these revenues, previously recognized, have been deferred under the new standard until the performance obligation is met. In addition, certain direct fulfillment costs in its Real Estate development marketing business that were previously expensed upon payment, have now been deferred under the new standard until the performance obligation is met. Certain expense reimbursements, previously recorded as a reduction of operating expense, are now presented as revenue under Topic 606 as the Company is the principal in the related transaction. Some real estate brokerage commercial leasing contracts specify extended payment terms for commission payments. Under Topic 606, revenue is recognized at the time the performance obligation is satisfied, including any amounts of future payments for extended payment terms. Accordingly, these future payments, previously recognized as revenue upon receipt, have been accrued under the new standard when the performance obligation is satisfied.
Revenue Recognition	Revenue Recognition Policies Revenue is measured based on a consideration specified in a contract with a customer and excludes any sales incentives. Revenue is recognized when (a) an enforceable contract with a customer exists, that has commercial substance, and collection of substantially all consideration for services is probable; and (b) the performance obligations to the customer are satisfied either over time or at a point in time. Tobacco sales: Prior to the adoption of Topic 606, revenues from cigarette sales, which included federal excise taxes billed to customers, were recognized upon the shipment of finished goods when title and risk of loss had passed to the customer, there was persuasive evidence of an arrangement, the sale price was fixed or determinable and collectability was reasonably assured. The Company provided an allowance for expected sales returns, net of any related cost recoveries (e.g. federal excise taxes). Certain sales incentives, including promotional price discounts, were presented as reductions of net sales. Shipping and handling fees related to sales transactions were recorded as operating, selling, administrative and general expenses. After the adoption of Topic 606, revenue from cigarette sales, which include federal excise taxes billed to customers, are recognized upon shipment of cigarettes when control has passed to the customer. Average collection terms for Tobacco sales range between three and twelve days from the time that the cigarettes are shipped to the customer. The Company records an allowance for goods estimated to be returned in other current liabilities and the associated receivable for anticipated federal excise tax refunds in other current assets on the condensed consolidated balance sheet. The allowance for returned goods is based principally on sales volumes and historical return rates. The estimated costs of sales incentives, including customer incentives and trade promotion activities, are based principally on historical experience and are accounted for as reductions in Tobacco revenue. Expected payments for sales incentives are included in other current liabilities on the Company’s condensed consolidated balance sheet. The Company accounts for shipping and handling costs as fulfillment costs as part of cost of sales. Real estate sales: Prior to the adoption of Topic 606, revenue was recognized only when persuasive evidence of an arrangement existed, the price was fixed or determinable, the transaction had been completed and collectability of the resulting receivable was reasonably assured. Real estate commissions earned by the Company’s real estate brokerage businesses were recorded as revenue upon the closing of a real estate sale or leasing transaction, as evidenced when the escrow or similar account was closed, the transaction documents have been recorded and funds were distributed to all appropriate parties. Agents’ commissions expense was recognized as cost of sales concurrently with related revenues. Property management fees were recorded as revenue when the related services were performed and the earnings process was complete. Title insurance commission fee revenue is earned when the sale of the title insurance policy is completed, which corresponds to the point in time when the underlying real estate sale transaction closes and the payment is received. After the adoption of Topic 606, real estate commissions earned by the Company’s real estate brokerage businesses are recognized as revenue at the point in time that the real estate sale is completed or lease agreement is executed, which is the point in time that the performance obligation is satisfied. Any commission and other payments received in advance are deferred until the satisfaction of the performance obligation. Corresponding agent commission expenses, including any advance commission or other direct expense payments, are deferred and recognized as cost of sales concurrently with related revenues. The accounting for these commissions and other brokerage income under Topic 606 are largely consistent with the previous accounting for these transactions under Topic 605, except for customer arrangements in the development marketing business and extended payments terms that exist in some commercial leasing contracts. The Company’s Real Estate revenue contracts with customers do not have multiple material performance obligations to customers under Topic 606, except for contracts in the Company’s development marketing business. Contracts in the development marketing business provide the Company with the exclusive right to sell units in a subject property for a commission fee per unit sold calculated as a percentage of the sales price of each unit. Accordingly, a performance obligation exists for each unit in the development marketing property under contract, and a portion of the total contract transaction price is allocated to and recognized at the time each unit is sold. Under development marketing service arrangements, dedicated administrative staff are required for a subject property and these costs are typically reimbursed from the customer through advance payments that sometimes are recoupable from future commission earnings. Advance payments received and associated direct costs paid are deferred, allocated to each unit in the subject property, and recognized consistent with the pattern of value transferred to the customer, which is at the time of the completed sale of each unit. Under Topic 605 any advance payments received that were non-refundable were recognized as revenue when received. Similarly, under Topic 605 any non-refundable advance payments made of commission expenses and other direct costs were expensed when paid. Development marketing service arrangements also include direct fulfillment costs incurred in advance of the satisfaction of the performance obligation. The Company capitalizes costs incurred in fulfilling a contract with a customer if the fulfillment costs 1) relate directly to an existing contract or anticipated contract, 2) generate or enhance resources that will be used to satisfy performance obligations in the future, and 3) are expected to be recovered. These costs are amortized over the estimated customer relationship period which is the contract term. The Company uses an amortization method that is consistent with the pattern of transfer of goods or services to its customers by allocating these costs to each unit the subject property and expensing these costs as each unit is sold. Under Topic 605, these direct costs were expensed as incurred. Revenue is recognized at the time the performance obligation is met for commercial leasing contracts, which is when the lease agreement is executed, as there are no further performance obligations, including any amounts of future payments under extended payment terms. Under Topic 605, these future payments were recognized as revenue upon receipt because collectibility might not have been reasonably assured at the time the performance obligation was met.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Net income for purposes of determining basic and diluted EPS	Net income for purposes of determining basic and diluted EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Net income attributed to Vector Group Ltd. $ 12,002 $ 19,264 $ 37,031 $ 41,848 Income attributed to participating securities (1,722 ) (1,496 ) (5,186 ) (4,480 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 10,280 $ 17,768 $ 31,845 $ 37,368
Basic and diluted EPS calculation shares	Basic and diluted EPS were calculated using the following common shares: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average shares for basic EPS 139,486,936 139,287,231 139,359,798 138,949,907 Plus incremental shares related to stock options and non-vested restricted stock 25,038 140,692 176,819 266,567 Weighted-average shares for diluted EPS 139,511,974 139,427,923 139,536,617 139,216,474
Outstanding shares not included in the computation of diluted EPS	The following were outstanding during the three and nine months ended September 30, 2018 and 2017 , but were not included in the computation of diluted EPS because the effect was anti-dilutive. Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average number of shares issuable upon conversion of debt 28,819,625 28,819,625 28,819,625 28,819,625 Weighted-average conversion price $ 16.96 $ 16.96 $ 16.96 $ 16.96
Schedule of other income (loss), net	Other, net consisted of: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Interest and dividend income $ 2,466 $ 1,826 $ 6,533 $ 5,196 Gain on long-term investment — — — 162 Net periodic benefit cost other than the service costs (254 ) (490 ) (761 ) (1,470 ) Impairment of debt securities available for sale (161 ) (53 ) (972 ) (179 ) Impairment of long-term investments — — — (525 ) Other (expense) income (3 ) 91 (39 ) 268 Other, net $ 2,048 $ 1,374 $ 4,761 $ 3,452
Schedule of other current liabilities	Other current liabilities consisted of: September 30, 2018 December 31, 2017 Accounts payable $ 12,158 $ 18,552 Accrued promotional expenses 32,282 30,691 Accrued excise and payroll taxes payable, net 777 11,946 Accrued interest 20,124 33,138 Commissions payable 16,475 14,320 Accrued salary and benefits 24,304 29,639 Contract liabilities 8,043 — Allowance for sales returns 6,945 5,632 Other current liabilities 19,301 13,205 Total other current liabilities $ 140,409 $ 157,123
Schedule of goodwill and other intangible assets, net	The components of “Goodwill and other intangible assets, net” were as follows: September 30, December 31, Goodwill $ 77,568 $ 77,059 Indefinite life intangibles: Intangible asset associated with benefit under the MSA 107,511 107,511 Trademark - Douglas Elliman 80,000 80,000 Intangibles with a finite life, net 1,954 3,138 Total goodwill and other intangible assets, net $ 267,033 $ 267,708
Schedule of components of cash, cash equivalents and restricted cash	The components of “Cash, cash equivalents and restricted cash” in the Statement of Cash Flows were as follows: September 30, December 31, Cash and cash equivalents $ 363,719 $ 301,353 Restricted cash and cash equivalents included in current restricted assets 2,762 9,081 Restricted cash and cash equivalents included in non-current restricted assets 4,448 503 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 370,929 $ 310,937
Schedule of new accounting pronouncements	Three Months Ended Nine Months Ended September 30, 2017 September 30, 2017 As Previously Reported Adoption of ASU 2017-07 As Revised As Previously Reported Adoption of ASU 2017-07 As Revised Operating, selling, administrative and general expenses $ 83,172 $ (490 ) $ 82,682 $ 251,124 $ (1,470 ) $ 249,654 Operating income 59,233 490 59,723 185,974 1,470 187,444 Other, net 1,864 (490 ) 1,374 4,922 (1,470 ) 3,452 Income before provision for income taxes $ 26,950 $ — $ 26,950 $ 70,316 $ — $ 70,316 Nine Months Ended September 30, 2017 As Previously Reported Adoption of ASU 2016-18 As Revised Decrease in restricted assets $ (3,541 ) $ 5,653 $ 2,112 Net cash used in investing activities (51,425 ) 5,653 (45,772 ) Net increase in cash, cash equivalents and restricted cash 2,530 5,653 8,183 Cash, cash equivalents and restricted cash, beginning of period 393,530 5,048 398,578 Cash, cash equivalents and restricted cash, end of period 396,060 10,701 406,761 As Previously Reported Adjustments As Revised December 31, 2017 Tobacco Real Estate January 1, 2018 ASSETS: Accounts receivable - trade, net $ 29,481 $ — $ 4,514 (2) $ 33,995 Other current assets 21,121 2,525 (1) 623 (3) 24,269 Total current assets 613,709 2,525 5,137 621,371 Other assets 36,786 — 3,740 (3) 40,526 Total assets $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 LIABILITIES AND STOCKHOLDERS’ DEFICIENCY: Other current liabilities $ 157,123 $ 2,525 (1) $ 7,806 (2)(4) $ 167,454 Total current liabilities 204,639 2,525 7,806 214,970 Deferred income taxes, net 58,801 — (5,217 ) (5) 53,584 Other liabilities 22,380 — 27,983 (4) 50,363 Total liabilities 1,660,038 2,525 30,572 1,693,135 Accumulated deficit (414,785 ) — (13,780 ) (428,565 ) Total Vector Group Ltd. stockholders' deficiency (413,919 ) — (13,780 ) (6) (427,699 ) Non-controlling interest 82,159 — (7,915 ) (6) 74,244 Total stockholders' deficiency (331,760 ) — (21,695 ) (353,455 ) Total liabilities and stockholders' deficiency $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 (1) Adjustments to other current assets and other current liabilities for $2,525 relates to the presentation as a receivable the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (2) Adjustments of $4,514 to accounts receivable and $3,139 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (3) Adjustments of $623 to other current assets and $3,740 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $4,667 to other current liabilities and $27,983 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustment reflects the tax effect of the adoption of Topic 606 which was estimated to result in a decrease in net deferred income tax liability of $5,217 based on a recalculation of the income tax provision using the Company’s deferred rate of approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. Impacts on Financial Statements at September 30, 2018 : The following table compares the reported condensed consolidated balance sheet as of September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) ASSETS: Accounts receivable - trade, net $ 27,918 $ 25,945 $ 1,973 (1) Other current assets 45,671 41,938 3,733 (2)(3) Total current assets 661,668 655,962 5,706 Other assets 52,076 47,808 4,268 (3) Total assets $ 1,346,874 $ 1,336,900 $ 9,974 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Income taxes payable, net $ 5,079 $ 4,256 $ 823 (6) Other current liabilities 140,409 128,982 11,427 (1)(2)(4) Total current liabilities 524,096 511,846 12,250 Deferred income taxes, net 51,587 57,162 (5,575 ) (5) Other liabilities 52,730 25,416 27,314 (4) Total liabilities 1,819,324 1,785,335 33,989 Stockholders' deficiency: — Accumulated deficit (541,202 ) (525,647 ) (15,555 ) (6) Total Vector Group Ltd. stockholders' deficiency (544,830 ) (529,275 ) (15,555 ) Non-controlling interest 72,380 80,840 (8,460 ) (6) Total stockholders' deficiency (472,450 ) (448,435 ) (24,015 ) Total liabilities and stockholders' deficiency $ 1,346,874 $ 1,336,900 $ 9,974 (1) Adjustments of $1,973 to accounts receivable and $1,295 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (2) Adjustments to other current assets and other current liabilities for $2,089 relates to the presentation of the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (3) Adjustments of $1,644 to other current assets and $4,268 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $8,043 to other current liabilities and $27,314 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustments reflect the tax effect of the adoption of Topic 606 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. The following table compares the reported condensed consolidated statement of operations for the three months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 302,009 $ 302,483 $ (474 ) Real estate 211,860 208,861 2,999 Total revenues 513,869 511,344 2,525 (1) Expenses: Cost of sales: Tobacco 219,769 218,030 1,739 Real estate 140,533 140,603 (70 ) Total cost of sales 360,302 358,633 1,669 (2) Operating, selling, administrative and general expenses 87,549 89,933 (2,384 ) (3) Operating income 66,018 62,778 3,240 Income before provision for income taxes 29,714 26,474 3,240 Income tax expense 14,686 13,740 946 (4) Net income 15,028 12,734 2,294 Net income attributed to non-controlling interest (3,026 ) (2,073 ) (953 ) Net income attributed to Vector Group Ltd. $ 12,002 $ 10,661 $ 1,341 Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.06 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.05 (1) The impact to revenue for the three months ended September 30, 2018 was an increase of $2,525 primarily due to $8,428 in revenue recognized for performance obligations satisfied in the current period for a significant number of property sale closings that occurred in the Real Estate Development Marketing business, offset by $5,454 in advance commission and reimbursable services payments received in the current period that are deferred since they do not constitute satisfied performance obligations under Topic 606. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $574 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $100 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $1,669 primarily related to the reclassification of $1,639 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606. (3) The impact to operating, selling, administrative and general expenses was a decrease of $2,384 primarily due to: • The reclassification of $1,639 Tobacco shipping and handling costs to cost of sales, • The reclassification of $574 incentive payments to customers to revenue for the Tobacco business, (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $946 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . The following table compares the reported condensed consolidated statement of operations for the nine months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 843,958 $ 845,116 $ (1,158 ) Real estate 580,365 585,194 (4,829 ) Total revenues 1,424,323 1,430,310 (5,987 ) (1) Expenses: Cost of sales: Tobacco 597,492 592,747 4,745 Real estate 389,851 391,695 (1,844 ) Total cost of sales 987,343 984,442 2,901 (2) Operating, selling, administrative and general expenses 262,961 269,994 (7,033 ) (3) Operating income 175,963 177,818 (1,855 ) Income before provision for income taxes 67,082 68,937 (1,855 ) Income tax expense 29,394 29,859 (465 ) (4) Net income 37,688 39,078 (1,390 ) Net income attributed to non-controlling interest (657 ) (1,202 ) 545 Net income attributed to Vector Group Ltd. $ 37,031 $ 37,876 $ (845 ) Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 (1) The impact to revenue for the nine months ended September 30, 2018 was a decrease of $5,987 primarily due to $3,973 of commission revenue payments received in the current period for the Real Estate Commercial Leasing business relating to performance obligations satisfied and accrued for in prior periods under Topic 606, and $15,551 in advance commission and reimbursable services payments received in the current period for the Real Estate Development Marketing business that are deferred since they do not constitute satisfied performance obligations under Topic 606. These decreases were offset by $14,697 in revenue recognized for performance obligations satisfied in the current period. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $1,594 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $436 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $2,901 primarily related to the reclassification of $4,309 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606, offset by a $1,844 decrease from the Real Estate business related primarily to commission expense payments made in the current period that relate to performance obligations satisfied and accrued for in prior periods or deferred until the performance obligation is satisfied. (3) The impact to operating, selling, administrative and general expenses was a decrease of $7,033 primarily due to: • The reclassification of $4,309 Tobacco shipping and handling costs to cost of sales, • The reclassification of $1,594 incentive payments to customers to revenue for the Tobacco business, • The deferral of $2,547 of direct costs in the Real Estate Development Marketing business related to performance obligations not satisfied as discussed above, offset by the amortization of previously deferred contract costs of $998 . • The reclassification of $419 of reimbursable service payments to revenue related to the Real Estate Development Marketing business. (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $465 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% .

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of new accounting pronouncements	Three Months Ended Nine Months Ended September 30, 2017 September 30, 2017 As Previously Reported Adoption of ASU 2017-07 As Revised As Previously Reported Adoption of ASU 2017-07 As Revised Operating, selling, administrative and general expenses $ 83,172 $ (490 ) $ 82,682 $ 251,124 $ (1,470 ) $ 249,654 Operating income 59,233 490 59,723 185,974 1,470 187,444 Other, net 1,864 (490 ) 1,374 4,922 (1,470 ) 3,452 Income before provision for income taxes $ 26,950 $ — $ 26,950 $ 70,316 $ — $ 70,316 Nine Months Ended September 30, 2017 As Previously Reported Adoption of ASU 2016-18 As Revised Decrease in restricted assets $ (3,541 ) $ 5,653 $ 2,112 Net cash used in investing activities (51,425 ) 5,653 (45,772 ) Net increase in cash, cash equivalents and restricted cash 2,530 5,653 8,183 Cash, cash equivalents and restricted cash, beginning of period 393,530 5,048 398,578 Cash, cash equivalents and restricted cash, end of period 396,060 10,701 406,761 As Previously Reported Adjustments As Revised December 31, 2017 Tobacco Real Estate January 1, 2018 ASSETS: Accounts receivable - trade, net $ 29,481 $ — $ 4,514 (2) $ 33,995 Other current assets 21,121 2,525 (1) 623 (3) 24,269 Total current assets 613,709 2,525 5,137 621,371 Other assets 36,786 — 3,740 (3) 40,526 Total assets $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 LIABILITIES AND STOCKHOLDERS’ DEFICIENCY: Other current liabilities $ 157,123 $ 2,525 (1) $ 7,806 (2)(4) $ 167,454 Total current liabilities 204,639 2,525 7,806 214,970 Deferred income taxes, net 58,801 — (5,217 ) (5) 53,584 Other liabilities 22,380 — 27,983 (4) 50,363 Total liabilities 1,660,038 2,525 30,572 1,693,135 Accumulated deficit (414,785 ) — (13,780 ) (428,565 ) Total Vector Group Ltd. stockholders' deficiency (413,919 ) — (13,780 ) (6) (427,699 ) Non-controlling interest 82,159 — (7,915 ) (6) 74,244 Total stockholders' deficiency (331,760 ) — (21,695 ) (353,455 ) Total liabilities and stockholders' deficiency $ 1,328,278 $ 2,525 $ 8,877 $ 1,339,680 (1) Adjustments to other current assets and other current liabilities for $2,525 relates to the presentation as a receivable the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (2) Adjustments of $4,514 to accounts receivable and $3,139 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (3) Adjustments of $623 to other current assets and $3,740 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $4,667 to other current liabilities and $27,983 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustment reflects the tax effect of the adoption of Topic 606 which was estimated to result in a decrease in net deferred income tax liability of $5,217 based on a recalculation of the income tax provision using the Company’s deferred rate of approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. Impacts on Financial Statements at September 30, 2018 : The following table compares the reported condensed consolidated balance sheet as of September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) ASSETS: Accounts receivable - trade, net $ 27,918 $ 25,945 $ 1,973 (1) Other current assets 45,671 41,938 3,733 (2)(3) Total current assets 661,668 655,962 5,706 Other assets 52,076 47,808 4,268 (3) Total assets $ 1,346,874 $ 1,336,900 $ 9,974 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Income taxes payable, net $ 5,079 $ 4,256 $ 823 (6) Other current liabilities 140,409 128,982 11,427 (1)(2)(4) Total current liabilities 524,096 511,846 12,250 Deferred income taxes, net 51,587 57,162 (5,575 ) (5) Other liabilities 52,730 25,416 27,314 (4) Total liabilities 1,819,324 1,785,335 33,989 Stockholders' deficiency: — Accumulated deficit (541,202 ) (525,647 ) (15,555 ) (6) Total Vector Group Ltd. stockholders' deficiency (544,830 ) (529,275 ) (15,555 ) Non-controlling interest 72,380 80,840 (8,460 ) (6) Total stockholders' deficiency (472,450 ) (448,435 ) (24,015 ) Total liabilities and stockholders' deficiency $ 1,346,874 $ 1,336,900 $ 9,974 (1) Adjustments of $1,973 to accounts receivable and $1,295 to other current liabilities relate to commission receivables and commissions payable from the Real Estate commercial leasing contracts for which the performance obligation has been satisfied, have extended payment terms and are expected to be received and paid in the next twelve-months. (2) Adjustments to other current assets and other current liabilities for $2,089 relates to the presentation of the component of the allowance for sales returns representing the federal excise tax refunds expected for future returned product as a receivable in other current assets, which was previously presented as a reduction to the allowance for sales returns liability in other current liabilities. (3) Adjustments of $1,644 to other current assets and $4,268 to other assets represents the current and noncurrent portions, respectively, of deferred contract costs relating to direct fulfillment costs incurred in advance of the satisfaction of performance obligations for Development Marketing arrangements. (4) Adjustments of $8,043 to other current liabilities and $27,314 to other liabilities relate to the current and long term portions, respectively, of contract liabilities representing payments received from customers in advance of the performance obligations being satisfied under contracts for Real Estate development marketing. (5) Adjustments reflect the tax effect of the adoption of Topic 606 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . (6) The allocation of the net impact of the adoption of Topic 606 between accumulated deficit and non-controlling interest is based on relative ownership interest of 70.59% and 29.41% , respectively. The following table compares the reported condensed consolidated statement of operations for the three months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 302,009 $ 302,483 $ (474 ) Real estate 211,860 208,861 2,999 Total revenues 513,869 511,344 2,525 (1) Expenses: Cost of sales: Tobacco 219,769 218,030 1,739 Real estate 140,533 140,603 (70 ) Total cost of sales 360,302 358,633 1,669 (2) Operating, selling, administrative and general expenses 87,549 89,933 (2,384 ) (3) Operating income 66,018 62,778 3,240 Income before provision for income taxes 29,714 26,474 3,240 Income tax expense 14,686 13,740 946 (4) Net income 15,028 12,734 2,294 Net income attributed to non-controlling interest (3,026 ) (2,073 ) (953 ) Net income attributed to Vector Group Ltd. $ 12,002 $ 10,661 $ 1,341 Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.06 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.07 $ 0.05 (1) The impact to revenue for the three months ended September 30, 2018 was an increase of $2,525 primarily due to $8,428 in revenue recognized for performance obligations satisfied in the current period for a significant number of property sale closings that occurred in the Real Estate Development Marketing business, offset by $5,454 in advance commission and reimbursable services payments received in the current period that are deferred since they do not constitute satisfied performance obligations under Topic 606. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $574 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $100 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $1,669 primarily related to the reclassification of $1,639 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606. (3) The impact to operating, selling, administrative and general expenses was a decrease of $2,384 primarily due to: • The reclassification of $1,639 Tobacco shipping and handling costs to cost of sales, • The reclassification of $574 incentive payments to customers to revenue for the Tobacco business, (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $946 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% . The following table compares the reported condensed consolidated statement of operations for the nine months ended September 30, 2018 , to the pro-forma amounts had the previous guidance been in effect: As Reported Pro forma as if the previous accounting guidance were in effect Increase/(Decrease) Revenues: Tobacco $ 843,958 $ 845,116 $ (1,158 ) Real estate 580,365 585,194 (4,829 ) Total revenues 1,424,323 1,430,310 (5,987 ) (1) Expenses: Cost of sales: Tobacco 597,492 592,747 4,745 Real estate 389,851 391,695 (1,844 ) Total cost of sales 987,343 984,442 2,901 (2) Operating, selling, administrative and general expenses 262,961 269,994 (7,033 ) (3) Operating income 175,963 177,818 (1,855 ) Income before provision for income taxes 67,082 68,937 (1,855 ) Income tax expense 29,394 29,859 (465 ) (4) Net income 37,688 39,078 (1,390 ) Net income attributed to non-controlling interest (657 ) (1,202 ) 545 Net income attributed to Vector Group Ltd. $ 37,031 $ 37,876 $ (845 ) Per basic common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 Per diluted common share: Net income applicable to common share attributed to Vector Group Ltd. $ 0.23 $ 0.23 (1) The impact to revenue for the nine months ended September 30, 2018 was a decrease of $5,987 primarily due to $3,973 of commission revenue payments received in the current period for the Real Estate Commercial Leasing business relating to performance obligations satisfied and accrued for in prior periods under Topic 606, and $15,551 in advance commission and reimbursable services payments received in the current period for the Real Estate Development Marketing business that are deferred since they do not constitute satisfied performance obligations under Topic 606. These decreases were offset by $14,697 in revenue recognized for performance obligations satisfied in the current period. Commission payments for these businesses would have been previously recognized as revenue upon receipt. Additionally, certain incentive payments to customers of the Tobacco business, approximating $1,594 for the period, that were previously classified as operating, selling, administrative and general expenses are now classified as a reduction in revenue under Topic 606. Also, the change in federal excise tax receivable component of the sales returns reserve, approximating $436 for the period, that was previously presented as a net impact to cost of sales of the Tobacco business is now presented on a gross basis as an adjustment to revenue. (2) The impact to cost of sales was an increase of $2,901 primarily related to the reclassification of $4,309 of Tobacco shipping and handling costs from operating, selling, administrative and general expenses to costs of sales as a result of adopting Topic 606, offset by a $1,844 decrease from the Real Estate business related primarily to commission expense payments made in the current period that relate to performance obligations satisfied and accrued for in prior periods or deferred until the performance obligation is satisfied. (3) The impact to operating, selling, administrative and general expenses was a decrease of $7,033 primarily due to: • The reclassification of $4,309 Tobacco shipping and handling costs to cost of sales, • The reclassification of $1,594 incentive payments to customers to revenue for the Tobacco business, • The deferral of $2,547 of direct costs in the Real Estate Development Marketing business related to performance obligations not satisfied as discussed above, offset by the amortization of previously deferred contract costs of $998 . • The reclassification of $419 of reimbursable service payments to revenue related to the Real Estate Development Marketing business. (4) The net impact of the adoption of Topic 606 was estimated to result in an increase in income taxes of $465 based on a recalculation of the income tax provision using the estimated annual effective tax rate of approximately 35.49% and the Company’s deferred rate approximately 27.26% .
Disaggregation of Revenue	In the following table, revenue is disaggregated by major product line for the Tobacco segment: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Tobacco Segment Revenues: Core Discount Brands - Pyramid, Grand Prix, Liggett Select, Eve and EAGLE 20’s $ 274,405 $ 267,326 $ 764,306 $ 739,840 Other Brands 27,604 26,919 79,652 84,036 Total tobacco revenues $ 302,009 $ 294,245 $ 843,958 $ 823,876 In the following table, revenue is disaggregated by major services line and primary geographical market for the Real Estate segment: Three Months Ended September 30, 2018 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 177,481 $ 79,192 $ 48,996 $ 22,491 $ 26,802 Development marketing 24,677 16,187 — 8,088 402 Property management income 8,147 8,528 (381 ) — — Title fees 1,174 — 1,174 — — Total Douglas Elliman Realty revenue 211,479 103,907 49,789 30,579 27,204 Other real estate revenues 381 — — — 381 Total real estate revenues $ 211,860 $ 103,907 $ 49,789 $ 30,579 $ 27,585 Three Months Ended September 30, 2017 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 167,510 $ 89,616 $ 47,958 $ 17,379 $ 12,557 Development marketing 13,882 9,773 — 3,309 800 Property management income 7,793 7,622 171 — — Title fees 1,196 — 1,196 — — Total Douglas Elliman Realty revenue 190,381 107,011 49,325 20,688 13,357 Other real estate revenues 479 — — — 479 Total real estate revenues $ 190,860 $ 107,011 $ 49,325 $ 20,688 $ 13,836 Nine Months Ended September 30, 2018 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 495,788 $ 215,775 $ 124,902 $ 78,798 $ 76,313 Development marketing 51,422 37,356 252 13,169 645 Property management income 25,226 25,226 — — — Title fees 4,085 — 4,085 — — Total Douglas Elliman Realty revenue 576,521 278,357 129,239 91,967 76,958 Other real estate revenues 3,844 — — 3,844 Total real estate revenues $ 580,365 $ 278,357 $ 129,239 $ 91,967 $ 80,802 Nine Months Ended September 30, 2017 Total New York City Northeast Southeast West Real Estate Segment Revenues : Commission and other brokerage income $ 477,784 $ 262,648 $ 126,799 $ 61,205 $ 27,132 Development marketing 38,976 26,990 96 9,470 2,420 Property management income 24,149 23,625 524 — — Title fees 3,719 — 3,719 — — Total Douglas Elliman Realty revenue 544,628 313,263 131,138 70,675 29,552 Other real estate revenues 3,798 — — — 3,798 Total real estate revenues $ 548,426 $ 313,263 $ 131,138 $ 70,675 $ 33,350
Contract Balances	The following table provides information about receivables, contracts assets, and contract liabilities from contracts with customers: September 30, 2018 At Adoption Receivables, which are included in accounts receivable - trade, net $ 1,973 $ 4,514 Contract costs, net, which are included in other current assets 1,644 623 Payables, which are included in other current liabilities 1,295 3,139 Contract liabilities, which are included in other current liabilities 8,043 4,667 Contract costs, net, which are included in other assets 4,268 3,740 Contract liabilities, which are included in other liabilities 27,314 27,983

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of: September 30, December 31, Leaf tobacco $ 36,153 $ 45,801 Other raw materials 3,689 3,272 Work-in-process 386 358 Finished goods 65,869 63,363 Inventories at current cost 106,097 112,794 LIFO adjustments (21,804 ) (23,004 ) $ 84,293 $ 89,790

Investment Securities At Fair_2

Investment Securities At Fair Value (Tables)	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities at Fair Value	The components of debt securities available for sale at September 30, 2018 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 84,250 $ 2 $ — $ 84,252 Total debt securities available for sale $ 84,250 $ 2 $ — $ 84,252 September 30, 2018 December 31, 2017 Debt securities available for sale $ 84,252 $ 84,814 Equity securities available for sale — 65,675 Equity securities at fair value 50,994 — Total investment securities at fair value $ 135,246 $ 150,489 December 31, 2017 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable equity securities $ 35,020 $ 10,994 $ (1,380 ) $ 44,634 Mutual funds invested in fixed income securities 20,977 93 (29 ) 21,041 Marketable debt securities 84,708 106 — 84,814 Total debt and equity securities available for sale $ 140,705 $ 11,193 $ (1,409 ) $ 150,489
Schedule of Maturity Dates of Fixed Income Securities	The table below summarizes the maturity dates of debt securities available for sale at September 30, 2018 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 28,311 $ 11,215 $ 17,096 $ — Corporate securities 42,858 9,124 33,734 — U.S. mortgage-backed securities 3,194 771 2,423 — Commercial mortgage-backed securities 407 — 407 — Commercial paper 5,992 5,992 — — Index-linked U.S. bonds 2,345 1,576 769 — Foreign fixed-income securities 1,145 153 992 — Total debt securities available for sale by maturity dates $ 84,252 $ 28,831 $ 55,421 $ —
Schedule of Unrealized Loss on Investments	The available-for-sale investment securities with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows: In loss position for Less than 12 months 12 months or more Fair Value Unrealized Losses Fair Value Unrealized Losses Total Fair Value Total Unrealized Losses December 31, 2017 Marketable equity securities $ 9,523 $ (1,380 ) $ — $ — $ 9,523 $ (1,380 ) Mutual funds invested in fixed-income securities 10,483 (29 ) — — 10,483 (29 ) $ 20,006 $ (1,409 ) $ — $ — $ 20,006 $ (1,409 )
Schedule of Realized Gains (Losses)	Gross realized gains and losses on debt and equity securities available for sale were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gross realized gains on sales $ 1 $ 141 $ 3 $ 419 Gross realized losses on sales (5 ) (45 ) (20 ) (136 ) Net (losses) gains on sale of debt and equity securities available for sale $ (4 ) $ 96 $ (17 ) $ 283 Gross realized losses on other-than-temporary impairments $ (161 ) $ (53 ) $ (972 ) $ (179 )
Equity Securities at Fair Value	Equity securities at fair value consisted of the following: September 30, 2018 Marketable equity securities $ 29,807 Mutual funds invested in fixed income securities 21,187 Total equity securities at fair value $ 50,994 The following is a summary of unrealized and realized net losses and gains recognized in net income on equity securities at fair value after the adoption of ASU 2016-01 during the three and nine months ended September 30, 2018 : Three Months Ended Nine Months Ended September 30, September 30, 2018 2018 Net losses recognized on equity securities (1) $ (797 ) $ (306 ) Less: Net losses recognized on equity securities sold (717 ) (534 ) Net unrealized (losses) gains recognized on equity securities still held at the reporting date $ (80 ) $ 228 (1) Includes $405 and $3,641 of net gains recognized on equity securities at fair value that qualify for the net asset value (“NAV”) practical expedient during the three and nine months ended September 30, 2018 , respectively. These equity securities are included in the “Long-term investments” line item on the condensed consolidated balance sheet and are further discussed in Note 5

Long-Term Investments (Tables)

Long-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2018
Long-term Investments [Abstract]
Cost method investments	Long-term investments accounted at cost consisted of the following: December 31, 2017 Carrying Fair Value Value Investment partnerships $ 65,450 $ 74,111 $ 65,450 $ 74,111 September 30, 2018 December 31, 2017 Equity securities at fair value that qualify for the NAV practical expedient $ 58,787 $ — Investments accounted at cost — 65,450 Equity-method investments 17,665 15,841 $ 76,452 $ 81,291
Equity method investments	Long-term investments consisted of the following: September 30, 2018 December 31, 2017 Equity securities at fair value that qualify for the NAV practical expedient $ 58,787 $ — Investments accounted at cost — 65,450 Equity-method investments 17,665 15,841 $ 76,452 $ 81,291 September 30, December 31, 2017 Indian Creek Investors LP (“Indian Creek”) $ 6,150 $ 4,498 Boyar Value Fund (“Boyar”) 9,506 9,026 Ladenburg Thalmann Financial Services Inc. (“LTS”) 2,009 2,317 Castle Brands, Inc. (“Castle”) — — $ 17,665 $ 15,841 Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Income Statement Revenue $ 60 $ 31,672 $ 28,105 $ 194,056 Cost of sales 2,571 20,582 19,242 122,461 Other expenses (1,805 ) 915 145,574 5,597 Income from continuing operations $ (706 ) $ 10,175 $ (136,711 ) $ 65,998

New Valley LLC (Tables)

New Valley LLC (Tables)	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
Investments in real estate ventures	Maximum Exposure to Loss: New Valley’s maximum exposure to loss from its investments in real estate ventures consisted of the net carrying value of the venture adjusted for any future capital commitments and/or guarantee arrangements. The maximum exposure to loss was as follows: September 30, 2018 Condominium and Mixed Use Development: New York City SMSA $ 65,273 All other U.S. areas 43,082 108,355 Apartment Buildings: New York City SMSA 6,882 All other U.S. areas 105 6,987 Hotels: New York City SMSA 17,584 International 2,438 20,022 Commercial: New York City SMSA 1,812 All other U.S. areas 6,987 8,799 Other 31,188 Total maximum exposure to loss $ 175,351 New Valley recognized equity in earnings (losses) from real estate ventures as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 1,732 $ (55 ) $ (1,880 ) $ 29,241 All other U.S. areas (151 ) 96 (976 ) (920 ) 1,581 41 (2,856 ) 28,321 Apartment Buildings: New York City SMSA (1,267 ) — (4,550 ) All other U.S. areas 156 197 142 (450 ) (1,111 ) 197 (4,408 ) (450 ) Hotels: New York City SMSA (749 ) (584 ) (2,200 ) (1,790 ) International 206 489 (362 ) 193 (543 ) (95 ) (2,562 ) (1,597 ) Commercial: New York City SMSA (228 ) (333 ) (617 ) (702 ) All other U.S. areas 273 295 1,416 231 45 (38 ) 799 (471 ) Other 322 (152 ) 649 554 Equity in earnings (losses) from real estate ventures $ 294 $ (47 ) $ (8,378 ) $ 26,357 Range of Ownership September 30, 2018 December 31, 2017 Condominium and Mixed Use Development: New York City SMSA 3.1% - 49.5% $ 60,553 $ 96,386 All other U.S. areas 15.0% - 48.5% 30,582 28,763 91,135 125,149 Apartment Buildings: New York City SMSA 45.4% 6,882 10,910 All other U.S. areas 7.6% - 16.3% 105 257 6,987 11,167 Hotels: New York City SMSA 5.2% 17,584 19,616 International 49.0% 2,438 2,800 20,022 22,416 Commercial: New York City SMSA 49.0% 1,812 2,437 All other U.S. areas 1.6% 6,987 15,642 8,799 18,079 Other 15.0% - 50.0% 16,045 11,320 Investments in real estate ventures $ 142,988 $ 188,131 Contributions: The components of New Valley’s contributions to its investments in real estate ventures were as follows: Nine Months Ended September 30, 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 1,158 $ 872 All other U.S. areas — 8,596 1,158 9,468 Apartment Buildings: New York City SMSA 522 — 522 — Hotels: New York City SMSA 167 1,537 167 1,537 Other 4,285 9,825 Total contributions $ 6,132 $ 20,830 The components of distributions received by New Valley from its investments in real estate ventures were as follows: Nine Months Ended September 30, 2018 2017 Condominium and Mixed Use Development: New York City SMSA $ 38,860 $ 35,780 All other U.S. areas — 17,949 38,860 53,729 Apartment Buildings: All other U.S. areas 295 239 295 239 Hotels: International — 239 — 239 Commercial: New York City SMSA 9 101 All other U.S. areas 10,072 238 10,081 339 Other 657 1,150 Total distributions $ 49,893 $ 55,696
Combined Financial Statements for Unconsolidated Subsidiaries	Long-term investments consisted of the following: September 30, 2018 December 31, 2017 Equity securities at fair value that qualify for the NAV practical expedient $ 58,787 $ — Investments accounted at cost — 65,450 Equity-method investments 17,665 15,841 $ 76,452 $ 81,291 September 30, December 31, 2017 Indian Creek Investors LP (“Indian Creek”) $ 6,150 $ 4,498 Boyar Value Fund (“Boyar”) 9,506 9,026 Ladenburg Thalmann Financial Services Inc. (“LTS”) 2,009 2,317 Castle Brands, Inc. (“Castle”) — — $ 17,665 $ 15,841 Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Income Statement Revenue $ 60 $ 31,672 $ 28,105 $ 194,056 Cost of sales 2,571 20,582 19,242 122,461 Other expenses (1,805 ) 915 145,574 5,597 Income from continuing operations $ (706 ) $ 10,175 $ (136,711 ) $ 65,998
Investments in Real Estate, net	Investments in Real Estate, net: The components of “Investments in real estate, net” were as follows: September 30, December 31, Escena, net $ 10,236 $ 10,485 Sagaponack 14,962 13,467 Investments in real estate, net $ 25,198 $ 23,952 Escena. The assets of “Escena, net” were as follows: September 30, December 31, Land and land improvements $ 8,911 $ 8,907 Building and building improvements 1,891 1,891 Other 2,166 2,111 12,968 12,909 Less accumulated depreciation (2,732 ) (2,424 ) $ 10,236 $ 10,485

Notes Payable, Long-Term Debt a

Notes Payable, Long-Term Debt and Other Obligations (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Notes payable, long-term debt and other obligations	Notes payable, long-term debt and other obligations consisted of: September 30, December 31, Vector: 6.125% Senior Secured Notes due 2025 $ 850,000 $ 850,000 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $23,130 and $69,253* 206,870 160,747 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $38,360 and $53,687* 220,390 205,063 Liggett: Revolving credit facility 28,239 31,614 Term loan under credit facility 2,483 2,704 Equipment loans 1,407 2,662 Other 524 752 Notes payable, long-term debt and other obligations 1,309,913 1,253,542 Less: Debt issuance costs (16,785 ) (25,478 ) Total notes payable, long-term debt and other obligations 1,293,128 1,228,064 Less: Current maturities (234,756 ) (33,820 ) Amount due after one year $ 1,058,372 $ 1,194,244 ______________________ * The fair value of the derivatives embedded within the 7.5% Variable Interest Senior Convertible Notes ( $12,851 at September 30, 2018 and $31,164 at December 31, 2017 , respectively) and the 5.5% Variable Interest Senior Convertible Debentures ( $32,273 at September 30, 2018 and $45,249 at December 31, 2017
Schedule of non-cash interest expense - Vector	Non-Cash Interest Expense and Loss on Extinguishment of Debt - Vector : Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Amortization of debt discount, net $ 22,871 $ 14,978 $ 61,450 $ 40,240 Amortization of debt issuance costs 3,158 2,393 8,783 6,626 Loss on extinguishment of 7.75% Senior Secured Notes — — — 1,754 (1) $ 26,029 $ 17,371 $ 70,233 $ 48,620 ______________________ (1) The non-cash loss on extinguishment of the 7.75% Senior Secured Notes is a component of the $34,110
Schedule of fair value of notes payable and long-term debt	Fair Value of Notes Payable and Long-Term Debt : September 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Value Value Value Value Notes payable and long-term debt $ 1,309,913 (1) $ 1,335,379 $ 1,253,542 (1) $ 1,579,616 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 11

Contingencies (Tables)

Contingencies (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of contingencies	The activity in the Company’s accruals for the MSA and tobacco litigation for the nine months ended September 30, 2018 was as follows: Current Liabilities Non-Current Liabilities Payments due under Master Settlement Agreement Litigation Accruals Total Payments due under Master Settlement Agreement Litigation Accruals Total Balance as of January 1, 2018 $ 12,385 $ 260 $ 12,645 $ 21,479 $ 19,840 $ 41,319 Expenses 127,510 575 128,085 — — — NPM Settlement adjustment (595 ) — (595 ) (5,703 ) — (5,703 ) Change in MSA obligations capitalized as inventory 605 — 605 — — — Payments (9,463 ) (825 ) (10,288 ) (40 ) — (40 ) Reclassification to/(from) non-current liabilities (647 ) 218 (429 ) 647 (218 ) 429 Interest on withholding — 26 26 — 1,602 1,602 Balance as of September 30, 2018 $ 129,795 $ 254 $ 130,049 $ 16,383 $ 21,224 $ 37,607 The activity in the Company’s accruals for the MSA and tobacco litigation for the nine months ended September 30, 2017 were as follows: Current Liabilities Non-Current Liabilities Payments due under Master Settlement Agreement Litigation Accruals Total Payments due under Master Settlement Agreement Litigation Accruals Total Balance as of January 1, 2017 $ 16,192 $ 3,659 $ 19,851 $ 22,257 $ 27,513 $ 49,770 Expenses 112,026 5,766 117,792 — — NPM Settlement adjustment (1,793 ) — (1,793 ) (928 ) — (928 ) Change in MSA obligations capitalized as inventory 459 — 459 — — — Payments (14,296 ) (9,472 ) (23,768 ) — — — Reclassification to/(from) non-current liabilities (150 ) 6,200 6,050 150 (6,200 ) (6,050 ) Interest on withholding — 243 243 — 1,907 1,907 Balance as of September 30, 2017 $ 112,438 $ 6,396 $ 118,834 $ 21,479 $ 23,220 $ 44,699 State Number of Cases Florida 20 Illinois 4 New York 3 Louisiana 2 West Virginia 2 Ohio 1 September 30, 2018 , the following Engle progeny cases have resulted in judgments against Liggett: Date Case Name County Liggett Compensatory (1) Liggett Punitive Damages Status (2) June 2002 Lukacs v. R.J. Reynolds Miami-Dade $12,418 $— Liggett satisfied the judgment and the case is concluded. August 2009 Campbell v. R.J. Reynolds Escambia 156 — Liggett satisfied the judgment and the case is concluded. March 2010 Douglas v. R.J. Reynolds Hillsborough 1,350 — Liggett satisfied the judgment and the case is concluded. April 2010 Clay v. R.J. Reynolds Escambia 349 1,000 Liggett satisfied the judgment and the case is concluded. April 2010 Putney v. R.J. Reynolds Broward 17 — Liggett settled this matter in July 2018 and this case is now concluded. April 2011 Tullo v. R.J. Reynolds Palm Beach 225 — Liggett satisfied the judgment and the case is concluded. January 2012 Ward v. R.J. Reynolds Escambia 1 — Liggett satisfied the judgment and the case is concluded. Date Case Name County Liggett Compensatory (1) Liggett Punitive Damages Status (2) May 2012 Calloway v. R.J. Reynolds Broward — — A joint and several judgment for $16,100 was entered against R.J. Reynolds, Philip Morris, Lorillard and Liggett. In September 2016, the Fourth District Court of Appeal reversed the judgment in its entirety and remanded the case for a new trial. This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. December 2012 Buchanan v. R.J. Reynolds Leon 2,750 — Liggett satisfied the judgment and the case is concluded. May 2013 D. Cohen v. R.J. Reynolds Palm Beach — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. August 2013 Rizzuto v. R.J. Reynolds Hernando 3,479 — Liggett settled its portion of the judgment for $1,500 and the case is concluded as to Liggett. August 2014 Irimi v. R.J. Reynolds Broward — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. October 2014 Lambert v. R.J. Reynolds Pinellas 3,600 9,500 Liggett satisfied the judgment and the case is concluded. November 2014 Boatright v. R.J. Reynolds Polk — 300 In November 2014, the jury awarded compensatory damages in the amount of $15,000 with 15% fault apportioned to plaintiff and 85% to Philip Morris. A joint and several judgment was entered in the amount of $12,750 on the compensatory damages. Judgment was also entered against Liggett for $300 in punitive damages. The Second District Court of Appeal reversed the trial court's decision to reduce the judgment by plaintiff's assessed fault and affirmed as to all other issues in that appeal. Defendants filed a notice to invoke the discretionary jurisdiction of the Florida Supreme Court. In June 2018, the court declined to exercise jurisdiction. Any potential liability as a result of the pending appeal is included in the amount Liggett paid under Engle Progeny Settlement II. June 2015 Caprio v. R.J. Reynolds Broward — — This case was settled in December 2016 as part of Engle Progeny Settlement II and the case is concluded as to Liggett. Defendants have sought an extension of time to seek review from the United States Supreme Court. March 2017 Santoro v. R.J. Reynolds Broward 160 — In April 2017, the trial court entered a joint and several judgment against R.J. Reynolds, Philip Morris and Liggett for $1,027, for compensatory damages. Judgment was also entered against Liggett for $15 in punitive damages. A hearing on post trial motions occurred in October 2017. In December 2017, the court granted the motion to set aside the verdict as to all claims other than conspiracy. Defendants moved for rehearing with respect to that claim and plaintiff moved for entry of an amended final judgment to increase plaintiff’s recovery by the percentage of decedent’s fault in light of the Schoeff decision. The court denied defendants' remaining post trial motions and the motion for rehearing and granted, in part, plaintiff’s motion to amend the final judgment. The parties agreed that plaintiff is not entitled to punitive damages since the trial court vacated that portion of the verdict in which punitive damages were awarded. A joint and several amended final judgment in the amount of $1,605 was entered by the court in May 2018. Defendants appealed. Total Damages Awarded: 24,505 10,800 Amounts accrued, paid or compromised: (24,345) (10,800) Damages remaining on Appeal: $160 $0 (1) Compensatory damages are adjusted to reflect the jury's allocation of comparative fault and only include Liggett's jury allocated share, regardless of whether a judgment was joint and several. The amounts listed above do not include attorneys' fees or statutory interest. (2) See Exhibit 99.1 for a more complete description of the cases currently on appeal.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table summarizes key information related to the Company’s pension plans and other postretirement benefits: Pension Benefits Pension Benefits Other Postretirement Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2018 2017 2018 2017 2018 2017 2018 2017 Service cost — benefits earned during the period $ 147 $ 141 $ 441 $ 423 $ 2 $ 2 $ 3 $ 4 Interest cost on projected benefit obligation 1,124 1,262 3,370 3,794 82 92 246 276 Expected return on assets (1,393 ) (1,356 ) (4,179 ) (4,068 ) — — — — Amortization of net loss (gain) 451 503 1,354 1,506 (10 ) (14 ) (30 ) (40 ) Net expense $ 329 $ 550 $ 986 $ 1,655 $ 74 $ 80 $ 219 $ 240

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	The Company’s income tax expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Income before provision for income taxes $ 29,714 $ 26,950 $ 67,082 $ 70,316 Income tax expense using estimated annual effective income tax rate 15,194 10,331 33,809 26,961 Changes in effective tax rates 1,895 173 — — Change in estimate for the impact of Tax Cuts and Jobs Act of 2017 (162 ) — (1,971 ) — Impact of discrete items, net (2,241 ) (4,032 ) (2,444 ) (4,444 ) Income tax expense $ 14,686 $ 6,472 $ 29,394 $ 22,517

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Company's recurring financial assets and liabilities subject to fair value measurements	The Company’s recurring financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of September 30, 2018 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 218,868 $ 218,868 $ — $ — Commercial paper (1) 45,606 — 45,606 — Certificates of deposit (2) 2,243 — 2,243 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 29,807 29,807 — — Mutual funds invested in fixed-income securities 21,187 21,187 — — Total equity securities at fair value 50,994 50,994 — — Debt securities available for sale U.S. government securities 28,311 — 28,311 — Corporate securities 42,858 — 42,858 — U.S. government and federal agency 3,194 — 3,194 — Commercial mortgage-backed securities 407 — 407 — Commercial paper 5,992 — 5,992 — Index-linked U.S. bonds 2,345 — 2,345 — Foreign fixed-income securities 1,145 — 1,145 — Total debt securities available for sale 84,252 — 84,252 — Total investment securities at fair value 135,246 50,994 84,252 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient 58,787 — 58,787 — Total $ 461,285 $ 270,397 $ 190,888 $ — Liabilities: Fair value of derivatives embedded within convertible debt $ 45,124 $ — $ — $ 45,124 (1) Amounts included in cash and cash equivalents on the condensed consolidated balance sheet, except for $2,570 that is included in current restricted assets and $3,910 that is included in restricted assets. (2) Amounts included in current restricted assets and restricted assets on the condensed consolidated balance sheet. Fair Value Measurements as of December 31, 2017 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 166,915 $ 166,915 $ — $ — Commercial paper (1) 43,781 — 43,781 — Certificates of deposit (2) 2,497 — 2,497 — Money market funds securing legal bonds (2) 2,990 2,990 — — Investment securities at fair value Equity securities 44,634 44,634 — — Mutual funds invested in fixed-income securities 21,041 21,041 — — Fixed-income securities U.S. government securities 28,502 — 28,502 — Corporate securities 41,329 — 41,329 — U.S. government and federal agency 4,564 — 4,564 — Commercial mortgage-backed securities 426 — 426 — Commercial paper 7,027 — 7,027 — Index-linked U.S. bonds 2,316 — 2,316 — Foreign fixed income securities 650 — 650 — Total fixed-income securities 84,814 — 84,814 — Total investment securities at fair value 150,489 65,675 84,814 — Total $ 366,672 $ 235,580 $ 131,092 $ — Liabilities: Fair value of derivatives embedded within convertible debt $ 76,413 $ — $ — $ 76,413 Nonrecurring fair value measurements Long-term investments (3) $ 4,475 $ 4,475 $ (525 ) $ 4,475 $ 4,475 $ (525 ) (1) Amounts included in cash and cash equivalents on the condensed consolidated balance sheet. (2) Amounts included in current restricted assets and restricted assets on the condensed consolidated balance sheet. (3) Long-term investments with a carrying amount of $5,000 were written down to their fair value of $4,475 , resulting in an impairment charge of $525 , which was included in earnings.
Unobservable inputs related to the valuations of the Level 3 liabilities	The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at September 30, 2018 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at September 30, Valuation Technique Unobservable Input Range (Actual) Fair value of derivatives embedded within convertible debt $ 45,124 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 13.78 Convertible trading price (as a percentage of par value) 104.10 % Volatility 18.06 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 5.0% - 6.0% (5.5%) The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2017 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Input Range (Actual) Fair value of derivatives embedded within convertible debt $ 76,413 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 22.38 Convertible trading price (as a percentage of par value) 115.19 % Volatility 17.98 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 3.0% - 4.0% (3.5%)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Financial information for the company's operations before taxes	Financial information for the Company’s operations before taxes and non-controlling interests for the three and nine months ended September 30, 2018 and 2017 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended September 30, 2018 Revenues $ 302,009 $ 211,860 $ — $ 513,869 Operating income (loss) 63,259 9,115 (6,356 ) 66,018 Equity in earnings from real estate ventures — 294 — 294 Depreciation and amortization 2,059 2,398 250 4,707 Three months ended September 30, 2017 Revenues $ 294,245 $ 190,860 $ (480 ) $ 484,625 Operating income (loss) 61,601 (1) 3,989 (5,867 ) 59,723 Equity in losses from real estate ventures — (47 ) — (47 ) Depreciation and amortization 2,050 2,075 261 4,386 Nine months ended September 30, 2018 Revenues $ 843,958 $ 580,365 $ — $ 1,424,323 Operating income (loss) 189,185 (2) 6,222 (3) (19,444 ) 175,963 Equity in losses from real estate ventures — (8,378 ) — (8,378 ) Depreciation and amortization 6,171 7,105 767 14,043 Capital expenditures 4,175 8,356 15 12,546 Nine months ended September 30, 2017 Revenues $ 823,876 $ 548,426 $ (480 ) $ 1,371,822 Operating income (loss) 185,526 (4) 21,195 (19,277 ) 187,444 Equity in earnings from real estate ventures — 26,357 — 26,357 Depreciation and amortization 6,803 6,210 1,015 14,028 Capital expenditures 2,682 12,545 31 15,258 (1) Operating income includes $1,826 of income from MSA Settlement, and $4,104 of litigation judgment expense. (2) Operating income includes $6,298 of income from MSA Settlement, and $525 of litigation judgment expense. (3) Operating income includes $2,469 of litigation judgment income. (4) Operating income includes $2,721 of income from MSA Settlement, and $5,791

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 162,205 $ 111,056 $ 90,458 $ — $ 363,719 Investment securities at fair value 113,742 21,504 — — 135,246 Accounts receivable - trade, net — 12,485 15,433 — 27,918 Intercompany receivables 36,542 — — (36,542 ) — Inventories — 84,293 — — 84,293 Income taxes receivable, net — — 9,628 (9,628 ) — Restricted assets — 1,403 3,418 — 4,821 Other current assets 21,043 6,389 18,239 — 45,671 Total current assets 333,532 237,130 137,176 (46,170 ) 661,668 Property, plant and equipment, net 547 39,981 45,797 — 86,325 Investments in real estate, net — — 25,198 — 25,198 Long-term investments (of which $58,787 were carried at fair value) 76,452 — — — 76,452 Investments in real estate ventures — — 142,988 — 142,988 Investments in consolidated subsidiaries 421,500 — — (421,500 ) — Restricted assets 1,487 899 3,910 — 6,296 Goodwill and other intangible assets, net — 107,511 159,522 — 267,033 Prepaid pension costs — 28,838 — — 28,838 Other assets 13,187 12,949 25,940 — 52,076 Total assets $ 846,705 $ 427,308 $ 540,531 $ (467,670 ) $ 1,346,874 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 204,816 $ 29,612 $ 328 $ — $ 234,756 Current portion of fair value of derivatives embedded within convertible debt 12,851 — — — 12,851 Current portion of employee benefits — 952 — — 952 Intercompany payables — 515 36,027 (36,542 ) — Income taxes payable, net 6,288 8,419 — (9,628 ) 5,079 Litigation accruals and current payments due under the Master Settlement Agreement — 130,049 — — 130,049 Other current liabilities 33,323 50,294 56,792 — 140,409 Total current liabilities 257,278 219,841 93,147 (46,170 ) 524,096 Notes payable, long-term debt and other obligations, less current portion 1,055,659 2,517 196 — 1,058,372 Fair value of derivatives embedded within convertible debt 32,273 — — — 32,273 Non-current employee benefits 46,729 15,930 — — 62,659 Deferred income taxes, net (1,918 ) 20,148 33,357 — 51,587 Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 1,514 37,609 51,214 — 90,337 Total liabilities 1,391,535 296,045 177,914 (46,170 ) 1,819,324 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (544,830 ) 131,263 290,237 (421,500 ) (544,830 ) Non-controlling interest — — 72,380 — 72,380 Total stockholders' (deficiency) equity (544,830 ) 131,263 362,617 (421,500 ) (472,450 ) Total liabilities and stockholders' deficiency $ 846,705 $ 427,308 $ 540,531 $ (467,670 ) $ 1,346,874 December 31, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 194,719 $ 17,141 $ 89,493 $ — $ 301,353 Investment securities at fair value 121,282 29,207 — — 150,489 Accounts receivable - trade, net — 15,736 13,745 — 29,481 Intercompany receivables 29,541 — — (29,541 ) — Inventories — 89,790 — — 89,790 Income taxes receivable, net 22,661 — — (11,444 ) 11,217 Restricted assets — 3,052 7,206 — 10,258 Other current assets 20,549 3,429 17,151 (20,008 ) 21,121 Total current assets 388,752 158,355 127,595 (60,993 ) 613,709 Property, plant and equipment, net 696 42,493 42,327 — 85,516 Investments in real estate, net — — 23,952 — 23,952 Long-term investments (of which $0 were carried at fair value) 81,291 — — — 81,291 Investments in real estate ventures — — 188,131 — 188,131 Investments in consolidated subsidiaries 469,436 — — (469,436 ) — Restricted assets 1,501 1,987 — — 3,488 Goodwill and other intangible assets, net — 107,511 160,197 — 267,708 Prepaid pension costs — 27,697 — — 27,697 Other assets 7,843 12,355 16,588 — 36,786 Total assets $ 949,519 $ 350,398 $ 558,790 $ (530,429 ) $ 1,328,278 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ — $ 53,540 $ 288 $ (20,008 ) $ 33,820 Current portion of employee benefits — 952 — — 952 Intercompany payables — 449 29,092 (29,541 ) — Income taxes payable, net — 11,542 2 (11,444 ) 100 Litigation accruals and current payments due under the Master Settlement Agreement — 12,644 — — 12,644 Other current liabilities 49,088 62,353 45,682 — 157,123 Total current liabilities 49,088 141,480 75,064 (60,993 ) 204,639 Notes payable, long-term debt and other obligations, less current portion 1,190,333 3,448 463 — 1,194,244 Fair value of derivatives embedded within convertible debt 76,413 — — — 76,413 Non-current employee benefits 45,442 16,800 — — 62,242 Deferred income taxes, net 695 26,459 31,647 — 58,801 Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 1,467 41,315 20,917 — 63,699 Total liabilities 1,363,438 229,502 128,091 (60,993 ) 1,660,038 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (413,919 ) 120,896 348,540 (469,436 ) (413,919 ) Non-controlling interest — — 82,159 — 82,159 Total stockholders' (deficiency) equity (413,919 ) 120,896 430,699 (469,436 ) (331,760 ) Total liabilities and stockholders' deficiency $ 949,519 $ 350,398 $ 558,790 $ (530,429 ) $ 1,328,278
Condensed Consolidating Statements of Operations	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 302,128 $ 211,860 $ (119 ) $ 513,869 Expenses: Cost of sales — 219,769 140,533 — 360,302 Operating, selling, administrative and general expenses 8,915 16,497 62,256 (119 ) 87,549 Management fee expense — 2,878 — (2,878 ) — Operating (loss) income (8,915 ) 62,984 9,071 2,878 66,018 Other income (expenses): Interest expense (50,317 ) (760 ) (7 ) — (51,084 ) Change in fair value of derivatives embedded within convertible debt 10,005 — — — 10,005 Equity in earnings from real estate ventures — — 294 — 294 Equity in earnings from investments 3,230 — — — 3,230 Equity in earnings in consolidated subsidiaries 50,102 — — (50,102 ) — Net gain (loss) recognized on equity securities 1,086 (1,883 ) — — (797 ) Management fee income 2,878 — — (2,878 ) — Other, net 763 943 342 — 2,048 Income before provision for income taxes 8,832 61,284 9,700 (50,102 ) 29,714 Income tax benefit (expense) 3,170 (15,885 ) (1,971 ) — (14,686 ) Net income 12,002 45,399 7,729 (50,102 ) 15,028 Net income attributed to non-controlling interest — — (3,026 ) — (3,026 ) Net income attributed to Vector Group Ltd. $ 12,002 $ 45,399 $ 4,703 $ (50,102 ) $ 12,002 Comprehensive income attributed to non-controlling interest $ — $ — $ (3,026 ) $ — $ (3,026 ) Comprehensive income attributed to Vector Group Ltd. $ 12,320 $ 45,546 $ 4,703 $ (50,249 ) $ 12,320 Three Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 293,884 $ 190,860 $ (119 ) $ 484,625 Expenses: Cost of sales — 207,800 130,316 — 338,116 Operating, selling, administrative and general expenses 7,815 18,379 56,607 (119 ) 82,682 Litigation settlement and judgment expense — 4,104 — — 4,104 Management fee expense — 2,767 — (2,767 ) — Operating (loss) income (7,815 ) 60,834 3,937 2,767 59,723 Other income (expenses): Interest expense (42,420 ) (804 ) (10 ) — (43,234 ) Change in fair value of derivatives embedded within convertible debt 9,437 — — — 9,437 Equity in losses from real estate ventures — — (47 ) — (47 ) Equity in losses from investments (296 ) (7 ) — — (303 ) Equity in earnings in consolidated subsidiaries 38,291 — — (38,291 ) — Management fee income 2,767 — — (2,767 ) — Other, net 496 561 317 — 1,374 Income before provision for income taxes 460 60,584 4,197 (38,291 ) 26,950 Income tax benefit (expense) 18,804 (23,895 ) (1,381 ) — (6,472 ) Net income 19,264 36,689 2,816 (38,291 ) 20,478 Net income attributed to non-controlling interest — — (1,214 ) — (1,214 ) Net income attributed to Vector Group Ltd. $ 19,264 $ 36,689 $ 1,602 $ (38,291 ) $ 19,264 Comprehensive income attributed to non-controlling interest $ — $ — $ (1,214 ) $ — $ (1,214 ) Comprehensive income attributed to Vector Group Ltd. $ 19,908 $ 36,889 $ 1,602 $ (38,491 ) $ 19,908 Nine Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 844,316 $ 580,365 $ (358 ) $ 1,424,323 Expenses: Cost of sales — 597,492 389,851 — 987,343 Operating, selling, administrative and general expenses 26,331 49,342 187,646 (358 ) 262,961 Litigation settlement and judgment expense (income) — 525 (2,469 ) — (1,944 ) Management fee expense — 8,632 — (8,632 ) — Operating (loss) income (26,331 ) 188,325 5,337 8,632 175,963 Other income (expenses): Interest expense (143,286 ) (2,103 ) (63 ) — (145,452 ) Change in fair value of derivatives embedded within convertible debt 31,289 — — — 31,289 Equity in losses from real estate ventures — — (8,378 ) — (8,378 ) Equity in earnings from investments 9,205 — — — 9,205 Equity in earnings in consolidated subsidiaries 136,615 — — (136,615 ) — Net gain (loss) recognized on equity securities 3,443 (3,749 ) — — (306 ) Management fee income 8,632 — — (8,632 ) — Other, net 1,251 2,490 1,020 — 4,761 Income (loss) before provision for income taxes 20,818 184,963 (2,084 ) (136,615 ) 67,082 Income tax benefit (expense) 16,213 (47,433 ) 1,826 — (29,394 ) Net income (loss) 37,031 137,530 (258 ) (136,615 ) 37,688 Net income attributed to non-controlling interest — — (657 ) — (657 ) Net income (loss) attributed to Vector Group Ltd. $ 37,031 $ 137,530 $ (915 ) $ (136,615 ) $ 37,031 Comprehensive income attributed to non-controlling interest $ — $ — $ (657 ) $ — $ (657 ) Comprehensive income (loss) attributed to Vector Group Ltd. $ 37,918 $ 137,961 $ (915 ) $ (137,046 ) $ 37,918 Nine Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 823,754 $ 548,426 $ (358 ) $ 1,371,822 Expenses: Cost of sales — 570,461 358,472 — 928,933 Operating, selling, administrative and general expenses 26,046 55,068 168,898 (358 ) 249,654 Litigation settlement and judgment expense — 5,791 — — 5,791 Management fee expense — 8,301 — (8,301 ) — Operating (loss) income (26,046 ) 184,133 21,056 8,301 187,444 Other income (expenses): Interest expense (133,650 ) (2,474 ) (22 ) — (136,146 ) Change in fair value of derivatives embedded within convertible debt 26,142 — — — 26,142 Loss on extinguishment of debt (34,110 ) — — — (34,110 ) Equity in earnings from real estate ventures — — 26,357 — 26,357 Equity in losses from investments (2,787 ) (36 ) — — (2,823 ) Equity in earnings in consolidated subsidiaries 136,570 — — (136,570 ) — Management fee income 8,301 — — (8,301 ) — Other, net 944 1,510 998 — 3,452 (Loss) income before provision for income taxes (24,636 ) 183,133 48,389 (136,570 ) 70,316 Income tax benefit (expense) 66,484 (71,300 ) (17,701 ) — (22,517 ) Net income 41,848 111,833 30,688 (136,570 ) 47,799 Net income attributed to non-controlling interest — — (5,951 ) — (5,951 ) Net income attributed to Vector Group Ltd. $ 41,848 $ 111,833 $ 24,737 $ (136,570 ) $ 41,848 Comprehensive income attributed to non-controlling interest $ — $ — $ (5,951 ) $ — $ (5,951 ) Comprehensive income attributed to Vector Group Ltd. $ 41,131 $ 110,382 $ 24,737 $ (135,119 ) $ 41,131
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 118,890 $ 244,377 $ 20,693 $ (174,152 ) $ 209,808 Cash flows from investing activities: Sale of investment securities 10,940 3,955 — — 14,895 Maturities of investment securities 16,899 — — — 16,899 Purchase of investment securities (22,516 ) — — — (22,516 ) Investments in real estate ventures — — (6,132 ) — (6,132 ) Acquisition of a business — — (370 ) — (370 ) Distributions from investments in real estate ventures — — 37,819 — 37,819 Increase in cash surrender value of life insurance policies (345 ) (461 ) — — (806 ) Decrease in restricted assets 14 240 — — 254 Investments in subsidiaries (8,103 ) — — 8,103 — Capital expenditures (15 ) (4,175 ) (8,356 ) — (12,546 ) Repayments of notes receivable 20,000 — 67 (20,000 ) 67 Pay downs of investment securities 1,293 — — — 1,293 Investments in real estate, net — — (1,495 ) — (1,495 ) Net cash provided by (used in) investing activities 18,167 (441 ) 21,533 (11,897 ) 27,362 Cash flows from financing activities: Repayments of debt — (21,263 ) (227 ) 20,000 (1,490 ) Borrowings under revolver — 261,058 — — 261,058 Repayments on revolver — (264,654 ) — — (264,654 ) Capital contributions received — 650 7,453 (8,103 ) — Intercompany dividends paid — (128,308 ) (45,844 ) 174,152 — Dividends and distributions on common stock (169,571 ) — — — (169,571 ) Distributions to non-controlling interest — — (2,521 ) — (2,521 ) Net cash used in financing activities (169,571 ) (152,517 ) (41,139 ) 186,049 (177,178 ) Net (decrease) increase in cash, cash equivalents and restricted cash (32,514 ) 91,419 1,087 — 59,992 Cash, cash equivalents and restricted cash, beginning of period 194,719 20,175 96,043 — 310,937 Cash, cash equivalents and restricted cash, end of period $ 162,205 $ 111,594 $ 97,130 $ — $ 370,929 Nine Months Ended September 30, 2017 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 91,858 $ 231,182 $ 43,131 $ (159,728 ) $ 206,443 Cash flows from investing activities: Sale of investment securities 23,066 — — — 23,066 Maturities of investment securities 94,858 — — — 94,858 Purchase of investment securities (120,362 ) — — — (120,362 ) Proceeds from sale or liquidation of long-term investments 500 — 466 — 966 Purchase of long-term investments (26,500 ) — — — (26,500 ) Investments in real estate ventures — — (20,830 ) — (20,830 ) Investments in real estate, net — — (357 ) — (357 ) Acquisition of a business — — (6,569 ) — (6,569 ) Distributions from investments in real estate ventures — — 23,338 — 23,338 Increase in cash surrender value of life insurance policies (371 ) (460 ) — — (831 ) Decrease in restricted assets 231 1,784 97 — 2,112 Issuance of notes receivable — — (1,633 ) — (1,633 ) Pay downs of investment securities 2,153 — — — 2,153 Proceeds from sale of fixed assets — 75 — — 75 Investments in subsidiaries (20,245 ) — — 20,245 — Capital expenditures (31 ) (2,682 ) (12,545 ) — (15,258 ) Net cash used in investing activities (46,701 ) (1,283 ) (18,033 ) 20,245 (45,772 ) Cash flows from financing activities: Proceeds from issuance of debt 850,000 — 21 — 850,021 Deferred financing costs (19,200 ) — — — (19,200 ) Repayments of debt (835,000 ) (1,465 ) (135 ) — (836,600 ) Borrowings under revolver — 121,521 — — 121,521 Repayments on revolver — (152,870 ) — — (152,870 ) Capital contributions received — 550 19,695 (20,245 ) — Intercompany dividends paid — (124,783 ) (34,945 ) 159,728 — Dividends and distributions on common stock (158,425 ) — — — (158,425 ) Proceeds from issuance of Vector common stock 43,230 — — — 43,230 Distributions to non-controlling interest — — (165 ) — (165 ) Net cash used in financing activities (119,395 ) (157,047 ) (15,529 ) 139,483 (152,488 ) Net (decrease) increase in cash, cash equivalents and restricted cash (74,238 ) 72,852 9,569 — 8,183 Cash, cash equivalents and restricted cash, beginning of period 279,815 19,684 99,079 — 398,578 Cash, cash equivalents and restricted cash, end of period $ 205,577 $ 92,536 $ 108,648 $ — $ 406,761

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 27, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Stock dividend paid to company stockholders		5.00%
Embedded Derivative [Line Items]
Fair market value of embedded derivatives at the midpoint of the inputs	$ 45,124		$ 76,413
Minimum
Embedded Derivative [Line Items]
Fair market value of embedded derivatives at the midpoint of the inputs	44,963		76,215
Maximum
Embedded Derivative [Line Items]
Fair market value of embedded derivatives at the midpoint of the inputs	$ 45,218		$ 76,874

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Net Income (Loss) for Purposes of Determining Basic and Diluted EPS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accounting Policies [Abstract]
Net income attributed to Vector Group Ltd.	$ 12,002	$ 19,264	$ 37,031	$ 41,848
Income attributed to participating securities	(1,722)	(1,496)	(5,186)	(4,480)
Income attributed to participating securities	(1,722)	(1,496)	(5,186)	(4,480)
Net income applicable to common shares attributed to Vector Group Ltd.	10,280	17,768	31,845	37,368
Net income applicable to common shares attributed to Vector Group Ltd.	$ 10,280	$ 17,768	$ 31,845	$ 37,368

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Basic and Diluted Earnings Per Share (in shares)) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accounting Policies [Abstract]
Weighted-average shares for basic EPS	139,486,936	139,287,231	139,359,798	138,949,907
Plus incremental shares related to stock options and non-vested restricted stock	25,038	140,692	176,819	266,567
Weighted-average shares for diluted EPS	139,511,974	139,427,923	139,536,617	139,216,474

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Antidilutive Securities Excluded from Earnings Per Share) (Details) - Weighted-average number of shares issuable upon conversion of debt - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidiliitive securities excluded from computation (in shares)	28,819,625	28,819,625	28,819,625	28,819,625
Weighted-average conversion price (in dollars per share)	$ 16.96	$ 16.96	$ 16.96	$ 16.96

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Schedule of Other, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accounting Policies [Abstract]
Interest and dividend income	$ 2,466	$ 1,826	$ 6,533	$ 5,196
Gain on long-term investment	0	0	0	162
Net periodic benefit cost other than the service costs	(254)	(490)	(761)	(1,470)
Impairment of debt securities available for sale	(161)	(53)	(972)	(179)
Impairment of long-term investments	0	0	0	(525)
Other (expense) income	(3)	91	(39)	268
Other, net	$ 2,048	$ 1,374	$ 4,761	$ 3,452

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Accounts payable	$ 12,158		$ 18,552
Accrued promotional expenses	32,282		30,691
Accrued excise and payroll taxes payable, net	777		11,946
Accrued interest	20,124		33,138
Commissions payable	16,475		14,320
Accrued salary and benefits	24,304		29,639
Contract liabilities	8,043	$ 4,667	0
Allowance for sales returns	6,945		5,632
Other current liabilities	19,301		13,205
Total other current liabilities	$ 140,409	$ 167,454	$ 157,123

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Goodwill and Other Intangible Assets, Net) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 77,568	$ 77,059
Intangibles with a finite life, net	1,954	3,138
Total goodwill and other intangible assets, net	267,033	267,708
Intangible asset associated with benefit under the MSA
Indefinite-lived Intangible Assets [Line Items]
Indefinite life intangibles:	107,511	107,511
Trademark - Douglas Elliman
Indefinite-lived Intangible Assets [Line Items]
Indefinite life intangibles:	$ 80,000	$ 80,000

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Reconciliation of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 363,719	$ 301,353
Restricted cash and cash equivalents included in current restricted assets	2,762	9,081
Restricted cash and cash equivalents included in non-current restricted assets	4,448	503
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 370,929	$ 310,937	$ 406,761	$ 398,578

Summary of Significant Accou_12

Summary of Significant Accounting Policies (New Accounting Pronouncements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating, selling, administrative and general expenses	$ 87,549	$ 82,682	$ 262,961	$ 249,654
Operating income	66,018	59,723	175,963	187,444
Other, net	2,048	1,374	4,761	3,452
Income before provision for income taxes	29,714	26,950	67,082	70,316
Decrease in restricted assets			254	2,112
Net cash used in investing activities			27,362	(45,772)
Net increase in cash, cash equivalents and restricted cash			59,992	8,183
Cash, cash equivalents and restricted cash, beginning of period			310,937	398,578
Cash, cash equivalents and restricted cash, end of period	$ 370,929	406,761	$ 370,929	406,761
Impact of adoption of new accounting standards					$ 12,857	$ (8,838)
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standards					(1,094)
AOCI Attributable to Parent
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standards					6,036
Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standards					8,838
Accounting Standards Update 2016-01 | Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standards					14,874
Accounting Standards Update 2016-01 | AOCI Attributable to Parent
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standards					$ 6,036
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating, selling, administrative and general expenses		83,172		251,124
Operating income		59,233		185,974
Other, net		1,864		4,922
Income before provision for income taxes		26,950		70,316
Decrease in restricted assets				(3,541)
Net cash used in investing activities				(51,425)
Net increase in cash, cash equivalents and restricted cash				2,530
Cash, cash equivalents and restricted cash, beginning of period				393,530
Cash, cash equivalents and restricted cash, end of period		396,060		396,060
Restatement Adjustment | Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating, selling, administrative and general expenses		(490)		(1,470)
Operating income		490		1,470
Other, net		(490)		(1,470)
Income before provision for income taxes		0		0
Restatement Adjustment | Accounting Standards Update 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in restricted assets				5,653
Net cash used in investing activities				5,653
Net increase in cash, cash equivalents and restricted cash				5,653
Cash, cash equivalents and restricted cash, beginning of period				5,048
Cash, cash equivalents and restricted cash, end of period		$ 10,701		$ 10,701

Revenue Recognition - New Accou

Revenue Recognition - New Accounting Pronouncement (Details) - USD ($) $ / shares in Units, $ in Thousands		Jan. 01, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standard, increase to beginning retained earnings		$ 12,857					$ (8,838)
Current assets:
Accounts receivable - trade, net		33,995	$ 27,918		$ 27,918		29,481
Income taxes receivable, net			0		0		11,217
Other current assets		24,269	45,671		45,671		21,121
Total current assets		621,371	661,668		661,668		613,709
Other assets		40,526	52,076		52,076		36,786
Total assets		1,339,680	1,346,874		1,346,874		1,328,278
Current liabilities:
Income taxes payable, net			5,079		5,079		100
Other current liabilities		167,454	140,409		140,409		157,123
Total current liabilities		214,970	524,096		524,096		204,639
Deferred income taxes, net		53,584	51,587		51,587		58,801
Other liabilities		50,363	52,730		52,730		22,380
Total liabilities		1,693,135	1,819,324		1,819,324		1,660,038
Accumulated deficit		(428,565)	(541,202)		(541,202)		(414,785)
Total Vector Group Ltd. stockholders' deficiency		(427,699)	(544,830)		(544,830)		(413,919)
Non-controlling interest		74,244	72,380		72,380		82,159
Total stockholders' deficiency		(353,455)	(472,450)		(472,450)		(331,760)
Total liabilities and stockholders' deficiency		$ 1,339,680	1,346,874		1,346,874		1,328,278
Revenues:
Total revenues			513,869	$ 484,625	1,424,323	$ 1,371,822
Cost of sales:
Total cost of sales			360,302	338,116	987,343	928,933
Operating, selling, administrative and general expenses			87,549	82,682	262,961	249,654
Operating income			66,018	59,723	175,963	187,444
Income before provision for income taxes			29,714	26,950	67,082	70,316
Income tax expense			14,686	6,472	29,394	22,517
Net income			15,028	20,478	37,688	47,799
Net income attributed to non-controlling interest			(3,026)	(1,214)	(657)	(5,951)
Net income attributed to Vector Group Ltd.			$ 12,002	$ 19,264	$ 37,031	$ 41,848
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)			$ 0.07	$ 0.13	$ 0.23	$ 0.27
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)			$ 0.07	$ 0.13	$ 0.23	$ 0.27
Accounting Standards Update 2014-09
Per diluted common share:
Annual effective tax rate		35.49%
Deferred tax rate		27.26%
Tobacco
Revenues:
Total revenues	[1]		$ 302,009	$ 294,245	$ 843,958	$ 823,876
Cost of sales:
Total cost of sales	[1]		219,769	207,800	597,492	570,461
Real estate
Revenues:
Total revenues			211,860	190,860	580,365	548,426
Cost of sales:
Total cost of sales			140,533	130,316	389,851	358,472
Real estate | Accounting Standards Update 2014-09
Per diluted common share:
Relative ownership interest		70.59%
Relative ownership interest		29.41%
Real estate | Accounting Standards Update 2014-09 | Real Estate Commercial Leasing
Current liabilities:
Other current liabilities		$ 3,139
Real estate | Accounting Standards Update 2014-09 | Real Estate Development Marketing
Current liabilities:
Other current liabilities		4,667
Calculated under Revenue Guidance in Effect before Topic 606
Current assets:
Accounts receivable - trade, net			25,945		25,945
Other current assets			41,938		41,938
Total current assets			655,962		655,962
Other assets			47,808		47,808
Total assets			1,336,900		1,336,900
Current liabilities:
Income taxes payable, net			4,256		4,256
Other current liabilities			128,982		128,982
Total current liabilities			511,846		511,846
Deferred income taxes, net			57,162		57,162
Other liabilities			25,416		25,416
Total liabilities			1,785,335		1,785,335
Accumulated deficit			(525,647)		(525,647)
Total Vector Group Ltd. stockholders' deficiency			(529,275)		(529,275)
Non-controlling interest			80,840		80,840
Total stockholders' deficiency			(448,435)		(448,435)
Total liabilities and stockholders' deficiency			1,336,900		1,336,900
Revenues:
Total revenues			511,344		1,430,310
Cost of sales:
Total cost of sales			358,633		984,442
Operating, selling, administrative and general expenses			89,933		269,994
Operating income			62,778		177,818
Income before provision for income taxes			26,474		68,937
Income tax expense			13,740		29,859
Net income			12,734		39,078
Net income attributed to non-controlling interest			(2,073)		(1,202)
Net income attributed to Vector Group Ltd.			$ 10,661		$ 37,876
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)			$ 0.06		$ 0.23
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)			$ 0.05		$ 0.23
Calculated under Revenue Guidance in Effect before Topic 606 | Tobacco
Revenues:
Total revenues			$ 302,483		$ 845,116
Cost of sales:
Total cost of sales			218,030		592,747
Calculated under Revenue Guidance in Effect before Topic 606 | Real estate
Revenues:
Total revenues			208,861		585,194
Cost of sales:
Total cost of sales			140,603		391,695
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Current assets:
Accounts receivable - trade, net			1,973		1,973
Other current assets			3,733		3,733
Total current assets			5,706		5,706
Other assets			4,268		4,268
Total assets			9,974		9,974
Current liabilities:
Income taxes payable, net			823		823
Other current liabilities			11,427		11,427
Total current liabilities			12,250		12,250
Deferred income taxes, net			(5,575)		(5,575)
Other liabilities			27,314		27,314
Total liabilities			33,989		33,989
Accumulated deficit			(15,555)		(15,555)
Total Vector Group Ltd. stockholders' deficiency			(15,555)		(15,555)
Non-controlling interest			(8,460)		(8,460)
Total stockholders' deficiency			(24,015)		(24,015)
Total liabilities and stockholders' deficiency			9,974		9,974
Revenues:
Total revenues			2,525		(5,987)
Cost of sales:
Total cost of sales			1,669		2,901
Operating, selling, administrative and general expenses			(2,384)		(7,033)
Operating income			3,240		(1,855)
Income before provision for income taxes			3,240		(1,855)
Income tax expense			946		(465)
Net income			2,294		(1,390)
Net income attributed to non-controlling interest			(953)		545
Net income attributed to Vector Group Ltd.			1,341		(845)
Per diluted common share:
Revenue recognized for performance obligations satisfied			8,428		14,697
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Real Estate Commercial Leasing
Current liabilities:
Other current liabilities			(1,295)		(1,295)
Revenues:
Total revenues					3,973
Cost of sales:
Total cost of sales					(1,844)
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Real Estate Development Marketing
Revenues:
Total revenues			5,454		15,551
Cost of sales:
Total cost of sales					2,547
Operating, selling, administrative and general expenses					419
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Incentive Payments [Member]
Revenues:
Total revenues			574		1,594
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Tobacco Shipping and Handling Costs
Cost of sales:
Total cost of sales			1,639		4,309
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Tobacco Sales Returns
Current liabilities:
Other current liabilities			2,089		2,089
Cost of sales:
Total cost of sales			100		436
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Previously Deferred Contract Costs
Cost of sales:
Total cost of sales					998
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Real Estate Commercial Leasing Commissions
Revenues:
Total revenues					(2,541)
Cost of sales:
Total cost of sales					2,448
Difference between Revenue Guidance in Effect before and after Topic 606 | Tobacco | Accounting Standards Update 2014-09
Current assets:
Accounts receivable - trade, net		0
Other current assets		2,525
Total current assets		2,525
Other assets		0
Total assets		2,525
Current liabilities:
Other current liabilities		2,525
Total current liabilities		2,525
Deferred income taxes, net		0
Other liabilities		0
Total liabilities		2,525
Accumulated deficit		0
Total Vector Group Ltd. stockholders' deficiency		0
Non-controlling interest		0
Total stockholders' deficiency		0
Total liabilities and stockholders' deficiency		2,525
Revenues:
Total revenues			(474)		(1,158)
Cost of sales:
Total cost of sales			1,739		4,745
Difference between Revenue Guidance in Effect before and after Topic 606 | Real estate | Accounting Standards Update 2014-09
Current assets:
Accounts receivable - trade, net		4,514
Other current assets		623
Total current assets		5,137
Other assets		3,740
Total assets		8,877
Current liabilities:
Other current liabilities		7,806
Total current liabilities		7,806
Deferred income taxes, net		(5,217)
Other liabilities		27,983
Total liabilities		30,572
Accumulated deficit		(13,780)
Total Vector Group Ltd. stockholders' deficiency		(13,780)
Non-controlling interest		(7,915)
Total stockholders' deficiency		(21,695)
Total liabilities and stockholders' deficiency		8,877
Revenues:
Total revenues			2,999		(4,829)
Cost of sales:
Total cost of sales			(70)		(1,844)
As Previously Reported
Cost of sales:
Operating, selling, administrative and general expenses				83,172		251,124
Operating income				59,233		185,974
Income before provision for income taxes				$ 26,950		$ 70,316
As Previously Reported | Calculated under Revenue Guidance in Effect before Topic 606
Current assets:
Accounts receivable - trade, net							29,481
Other current assets							21,121
Total current assets							613,709
Other assets							36,786
Total assets							1,328,278
Current liabilities:
Other current liabilities							157,123
Total current liabilities							204,639
Deferred income taxes, net							58,801
Other liabilities							22,380
Total liabilities							1,660,038
Accumulated deficit							(414,785)
Total Vector Group Ltd. stockholders' deficiency							(413,919)
Non-controlling interest							82,159
Total stockholders' deficiency							(331,760)
Total liabilities and stockholders' deficiency							1,328,278
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standard, increase to beginning retained earnings		(1,094)
Current liabilities:
Total stockholders' deficiency			$ (541,202)		(541,202)		$ (414,785)
Cost of sales:
Net income					$ 37,031
Accumulated Deficit | Real estate | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption of new accounting standard, increase to beginning retained earnings		$ 21,695
[1]	Revenues and cost of sales include federal excise taxes of $130,428 , $126,912 , $359,199 and $351,474

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 513,869	$ 484,625	$ 1,424,323	$ 1,371,822
Tobacco
Disaggregation of Revenue [Line Items]
Revenues	302,009	294,245	843,958	823,876
Tobacco | Core Discount Brands - Pyramid, Grand Prix, Liggett Select, Eve and EAGLE 20’s
Disaggregation of Revenue [Line Items]
Revenues	274,405	267,326	764,306	739,840
Tobacco | Other Brands
Disaggregation of Revenue [Line Items]
Revenues	27,604	26,919	79,652	84,036
Real estate
Disaggregation of Revenue [Line Items]
Revenues	211,860	190,860	580,365	548,426
Total real estate revenues	211,860	190,860	580,365	548,426
Real estate | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	103,907	107,011	278,357	313,263
Real estate | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	49,789	49,325	129,239	131,138
Real estate | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	30,579	20,688	91,967	70,675
Real estate | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	27,585	13,836	80,802	33,350
Real estate | Commission and other brokerage income
Disaggregation of Revenue [Line Items]
Total real estate revenues	177,481	167,510	495,788	477,784
Real estate | Commission and other brokerage income | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	79,192	89,616	215,775	262,648
Real estate | Commission and other brokerage income | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	48,996	47,958	124,902	126,799
Real estate | Commission and other brokerage income | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	22,491	17,379	78,798	61,205
Real estate | Commission and other brokerage income | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	26,802	12,557	76,313	27,132
Real estate | Development marketing
Disaggregation of Revenue [Line Items]
Total real estate revenues	24,677	13,882	51,422	38,976
Real estate | Development marketing | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	16,187	9,773	37,356	26,990
Real estate | Development marketing | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	252	96
Real estate | Development marketing | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,088	3,309	13,169	9,470
Real estate | Development marketing | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	402	800	645	2,420
Real estate | Property management income
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,147	7,793	25,226	24,149
Real estate | Property management income | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,528	7,622	25,226	23,625
Real estate | Property management income | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	(381)	171	0	524
Real estate | Property management income | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Property management income | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Title fees
Disaggregation of Revenue [Line Items]
Total real estate revenues	1,174	1,196	4,085	3,719
Real estate | Title fees | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Title fees | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	1,174	1,196	4,085	3,719
Real estate | Title fees | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Title fees | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Total Douglas Elliman Realty revenue
Disaggregation of Revenue [Line Items]
Total real estate revenues	211,479	190,381	576,521	544,628
Real estate | Total Douglas Elliman Realty revenue | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	103,907	107,011	278,357	313,263
Real estate | Total Douglas Elliman Realty revenue | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	49,789	49,325	129,239	131,138
Real estate | Total Douglas Elliman Realty revenue | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	30,579	20,688	91,967	70,675
Real estate | Total Douglas Elliman Realty revenue | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	27,204	13,357	76,958	29,552
Real estate | Other real estate revenues
Disaggregation of Revenue [Line Items]
Total real estate revenues	381	479	3,844	3,798
Real estate | Other real estate revenues | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Other real estate revenues | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0		0
Real estate | Other real estate revenues | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Other real estate revenues | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	$ 381	$ 479	$ 3,844	$ 3,798

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($)	Jan. 01, 2018	Sep. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Receivables, which are included in accounts receivable - trade, net	$ 4,514,000	$ 1,973,000
Contract costs, net, which are included in other current assets	623,000	1,644,000
Payables, which are included in other current liabilities	3,139,000	1,295,000
Contract liabilities, which are included in other current liabilities	4,667,000	8,043,000	$ 0
Contract costs, net, which are included in other assets	3,740,000	4,268,000
Contract liabilities, which are included in other liabilities	27,983,000	$ 27,314,000
Commercial leasing contracts, receivable and payable term expectation		12 months
Contract liabilities estimated to be recognized over next twelve months		$ 8,043,000
Contract liabilities increase		2,707,000
Advance payments received from customer		15,551,000
Revenue recognized on contract liabilities	$ 9,738,000
Revenue recognized relating to performance obligations satisfied or partially satisfied in prior periods		$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation term		2 years

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Leaf tobacco	$ 36,153	$ 45,801
Other raw materials	3,689	3,272
Work-in-process	386	358
Finished goods	65,869	63,363
Inventories at current cost	106,097	112,794
LIFO adjustments	(21,804)	(23,004)
Inventory, net	$ 84,293	$ 89,790

Inventories (Narrartive) (Detai

Inventories (Narrartive) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Inventory [Line Items]
LIFO adjustments	$ 21,804	$ 23,004
Capitalized MSA cost in finished goods inventory	18,045	17,440
Inventories
Inventory [Line Items]
Federal excise tax in inventory	26,402	25,151
Liggett | Inventories
Inventory [Line Items]
Purchase commitments	23,999
Leaf tobacco
Inventory [Line Items]
LIFO adjustments	15,242	16,442
Other raw materials
Inventory [Line Items]
LIFO adjustments	124	123
Work-in-process
Inventory [Line Items]
LIFO adjustments	17	18
Finished goods
Inventory [Line Items]
LIFO adjustments	$ 6,421	$ 6,421

Investment Securities At Fair_3

Investment Securities At Fair Value (Investment Securities at Fair Value Schedule) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Debt securities available for sale	$ 84,252	$ 84,814
Equity securities available for sale	0	65,675
Equity securities at fair value	50,994	0
Total investment securities at fair value	$ 135,246	$ 150,489

Investment Securities At Fair_4

Investment Securities At Fair Value (Components of Investment Securities At Fair Value) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Cost					$ 140,705
Gross Unrealized Gains					11,193
Gross Unrealized Losses					(1,409)
Fair Value	$ 135,246		$ 135,246		150,489
Net loss recognized on equity securities	(797)	$ 0	(306)	$ 0
Less: Net losses recognized on equity securities sold	(717)		(534)
Net unrealized (losses) gains recognized on equity securities still held at the reporting date	(80)		228
Marketable equity securities
Debt Securities, Available-for-sale [Line Items]
Cost					35,020
Gross Unrealized Gains					10,994
Gross Unrealized Losses					(1,380)
Fair Value					44,634
Mutual funds invested in fixed-income securities
Debt Securities, Available-for-sale [Line Items]
Cost					20,977
Gross Unrealized Gains					93
Gross Unrealized Losses					(29)
Fair Value					21,041
Marketable debt securities
Debt Securities, Available-for-sale [Line Items]
Cost	84,250		84,250
Gross Unrealized Gains	2		2
Gross Unrealized Losses	0		0
Fair Value	84,252		84,252
Total debt securities available for sale
Debt Securities, Available-for-sale [Line Items]
Cost	84,250		84,250		84,708
Gross Unrealized Gains	2		2		106
Gross Unrealized Losses	0		0		0
Fair Value	$ 84,252		$ 84,252		$ 84,814

Investment Securities At Fair_5

Investment Securities At Fair Value (Maturity Dates of Marketable Debt Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Market Value	$ 84,252	$ 84,814
Under 1 Year	28,831
1 Year up to 5 Years	55,421
More than 5 Years	0
U.S. Government securities
Debt Securities, Available-for-sale [Line Items]
Market Value	28,311
Under 1 Year	11,215
1 Year up to 5 Years	17,096
More than 5 Years	0
Corporate securities
Debt Securities, Available-for-sale [Line Items]
Market Value	42,858
Under 1 Year	9,124
1 Year up to 5 Years	33,734
More than 5 Years	0
U.S. mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	3,194
Under 1 Year	771
1 Year up to 5 Years	2,423
More than 5 Years	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	407
Under 1 Year	0
1 Year up to 5 Years	407
More than 5 Years	0
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Market Value	5,992
Under 1 Year	5,992
1 Year up to 5 Years	0
More than 5 Years	0
Index-linked U.S. bonds
Debt Securities, Available-for-sale [Line Items]
Market Value	2,345
Under 1 Year	1,576
1 Year up to 5 Years	769
More than 5 Years	0
Foreign fixed-income securities
Debt Securities, Available-for-sale [Line Items]
Market Value	1,145
Under 1 Year	153
1 Year up to 5 Years	992
More than 5 Years	$ 0

Investment Securities At Fair_6

Investment Securities At Fair Value (Securities with Continuous Unrealized Losses) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Debt Securities, Available-for-sale [Line Items]
In loss position for Less than 12 months, Fair Value	$ 20,006
In loss position for 12 months or more, Fair Value	0
Total Fair Value	20,006
In loss position for Less than 12 months, Unrealized Losses	(1,409)
In loss position for 12 months or more, Unrealized Losses	0
Total Unrealized Losses	(1,409)
Marketable equity securities
Debt Securities, Available-for-sale [Line Items]
In loss position for Less than 12 months, Fair Value	9,523
In loss position for 12 months or more, Fair Value	0
Total Fair Value	9,523
In loss position for Less than 12 months, Unrealized Losses	(1,380)
In loss position for 12 months or more, Unrealized Losses	0
Total Unrealized Losses	(1,380)
Mutual funds invested in fixed-income securities
Debt Securities, Available-for-sale [Line Items]
In loss position for Less than 12 months, Fair Value	10,483
In loss position for 12 months or more, Fair Value	0
Total Fair Value	10,483
In loss position for Less than 12 months, Unrealized Losses	(29)
In loss position for 12 months or more, Unrealized Losses	0
Total Unrealized Losses	$ (29)

Investment Securities At Fair_7

Investment Securities At Fair Value (Gross Realized Gains and Losses on Available-for-Sale Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales	$ 1	$ 141	$ 3	$ 419
Gross realized losses on sales	(5)	(45)	(20)	(136)
Net (losses) gains on sale of debt and equity securities available for sale	(4)	96	(17)	283
Gross realized losses on other-than-temporary impairments	$ (161)	$ (53)	$ (972)	$ (179)

Investment Securities At Fair_8

Investment Securities At Fair Value (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Net unrealized gains related to equity securities had been recognized in AOCI					$ 9,681,000
Impairment of debt securities available for sale	$ (161,000)	$ (53,000)	$ (972,000)	$ (179,000)
Proceeds from investment securities sales			14,895,000	23,066,000
Securities that qualify for NAV	405,000		3,641,000
Equity securities without readily determinable fair value	5,428,000		5,428,000		$ 5,428,000
Impairment and other adjustments	0		0
Other current assets
Debt Securities, Available-for-sale [Line Items]
Equity securities without readily determinable fair value	428,000		428,000
Other assets
Debt Securities, Available-for-sale [Line Items]
Equity securities without readily determinable fair value	$ 5,000,000		5,000,000
Corporate Securities and U.S. Government Securities
Debt Securities, Available-for-sale [Line Items]
Maturities of debt securities			$ 18,192,000	$ 97,011,000

Long-Term Investments (Investme

Long-Term Investments (Investments) (Details) $ in Thousands	1 Months Ended
	Sep. 30, 2018USD ($)investment	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)
Long-term Investments [Abstract]
Equity securities at fair value that qualify for the NAV practical expedient	$ 58,787		$ 0
Investments accounted at cost	0		65,450
Equity-method investments	17,665		15,841
Long-term investments	$ 76,452		81,291
Impact of adoption of new accounting standard, increase to beginning retained earnings		$ (12,857)	$ 8,838
Number of investments redeemed that qualify for the NAV practical expedient | investment	2
Percent of other investments redeemed that qualify for the NAV practical expedient	50.00%
In-transit redemptions recorded from proceeds from investments redeemed that qualify for NAV practical expedient	$ 14,143

Long-Term Investments (Cost-Met

Long-Term Investments (Cost-Method Investments) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)investment	Dec. 31, 2017USD ($)
Schedule of Investments [Line Items]
Cost-method investments, carrying value	$ 0		$ 65,450
Cost-method investments, fair value			74,111
Purchase of long-term investments	$ 0	$ 26,500
Cash distributions from cost method investments		(1,163)
Investment partnerships
Schedule of Investments [Line Items]
Cost-method investments, carrying value			65,450
Cost-method investments, fair value			$ 74,111
Investment partnerships | Five New Investment Funds
Schedule of Investments [Line Items]
Purchase of long-term investments		$ 25,000
Number of investments in funds | investment		5
Investment partnerships | One Existing Investment
Schedule of Investments [Line Items]
Purchase of long-term investments		$ 1,500
Number of investments in funds | investment		3

Long-Term Investments (Equity-M

Long-Term Investments (Equity-Method Investments) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 17,665	$ 17,665		$ 17,665		$ 15,841
Proceeds from long-term equity method investment				1,231	$ 847
Percent of other investments redeemed that qualify for the NAV practical expedient	50.00%
In-transit redemptions recorded from proceeds from investments redeemed that qualify for NAV practical expedient	$ 14,143
Equity in losses from investments		(3,230)	$ 303	(9,205)	$ 2,823
Indian Creek Investors LP (“Indian Creek”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 6,150	$ 6,150		$ 6,150		4,498
Equity-method ownership percentage	12.77%	12.77%		12.77%
Percent of other investments redeemed that qualify for the NAV practical expedient		50.00%
In-transit redemptions recorded from proceeds from investments redeemed that qualify for NAV practical expedient		$ 6,150
Boyar Value Fund (“Boyar”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 9,506	$ 9,506		$ 9,506		9,026
Equity-method ownership percentage	34.33%	34.33%		34.33%
Quoted market value	$ 9,506	$ 9,506		$ 9,506
Ladenburg Thalmann Financial Services Inc. (“LTS”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 2,009	$ 2,009		$ 2,009		2,317
Equity-method ownership percentage	7.56%	7.56%		7.56%
Quoted market value	$ 41,016	$ 41,016		$ 41,016
Castle Brands, Inc. (“Castle”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 0	$ 0		$ 0		$ 0
Equity-method ownership percentage	7.71%	7.71%		7.71%
Quoted market value	$ 13,798	$ 13,798		$ 13,798

New Valley LLC (Investment in R

New Valley LLC (Investment in Real Estate Ventures) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)venture	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)venture	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Schedule of Investments [Line Items]
Investments in real estate ventures	$ 142,988		$ 142,988		$ 188,131
Total contributions			6,132	$ 20,830
Distributions from real estate ventures			12,074	32,358
Distributions from investments in real estate ventures			37,819	23,338
Equity in earnings (losses) from real estate ventures	294	$ (47)	(8,378)	26,357
Impairment of long-term investments	0	0	0	525
Condominium and Mixed Use Development | New York City SMSA
Schedule of Investments [Line Items]
Impairment of long-term investments			8,467
New Valley LLC
Schedule of Investments [Line Items]
Investments in real estate ventures	142,988		142,988		188,131
Total contributions			6,132	20,830
Distributions			49,893	55,696
Equity in earnings (losses) from real estate ventures	294	(47)	(8,378)	26,357
Total maximum exposure to loss	175,351		$ 175,351
Interest costs capitalized	$ 2,246	1,108		2,659
New Valley LLC | Variable Interest Entity, Primary Beneficiary
Schedule of Investments [Line Items]
Number of real estate ventures | venture	2		2
VIE's assets	$ 1,434		$ 1,434		14,548
New Valley LLC | New York City SMSA | Minimum
Schedule of Investments [Line Items]
Range of ownership	3.10%		3.10%
New Valley LLC | New York City SMSA | Maximum
Schedule of Investments [Line Items]
Range of ownership	49.50%		49.50%
New Valley LLC | Condominium and Mixed Use Development
Schedule of Investments [Line Items]
Investments in real estate ventures	$ 91,135		$ 91,135		125,149
Total contributions			1,158	9,468
Distributions			38,860	53,729
Equity in earnings (losses) from real estate ventures	1,581	41	(2,856)	28,321
Total maximum exposure to loss	108,355		108,355
New Valley LLC | Condominium and Mixed Use Development | New York City SMSA
Schedule of Investments [Line Items]
Investments in real estate ventures	60,553		60,553		96,386
Total contributions			1,158	872
Distributions			38,860	35,780
Equity in earnings (losses) from real estate ventures	1,732	(55)	(1,880)	29,241
Impairment of long-term investments			10,174
Total maximum exposure to loss	65,273		65,273
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas
Schedule of Investments [Line Items]
Investments in real estate ventures	30,582		30,582		28,763
Total contributions			0	8,596
Distributions			0	17,949
Equity in earnings (losses) from real estate ventures	(151)	96	(976)	(920)
Total maximum exposure to loss	$ 43,082		$ 43,082
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas | Minimum
Schedule of Investments [Line Items]
Range of ownership	15.00%		15.00%
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas | Maximum
Schedule of Investments [Line Items]
Range of ownership	48.50%		48.50%
New Valley LLC | Apartment Buildings
Schedule of Investments [Line Items]
Investments in real estate ventures	$ 6,987		$ 6,987		11,167
Total contributions			522	0
Distributions			295	239
Equity in earnings (losses) from real estate ventures	(1,111)	197	(4,408)	(450)
Total maximum exposure to loss	$ 6,987		$ 6,987
New Valley LLC | Apartment Buildings | New York City SMSA
Schedule of Investments [Line Items]
Range of ownership	45.40%		45.40%
Investments in real estate ventures	$ 6,882		$ 6,882		10,910
Total contributions			522	0
Equity in earnings (losses) from real estate ventures	(1,267)	0	(4,550)
Total maximum exposure to loss	6,882		6,882
New Valley LLC | Apartment Buildings | All other U.S. areas
Schedule of Investments [Line Items]
Investments in real estate ventures	105		105		257
Distributions			295	239
Equity in earnings (losses) from real estate ventures	156	197	142	(450)
Total maximum exposure to loss	$ 105		$ 105
New Valley LLC | Apartment Buildings | All other U.S. areas | Minimum
Schedule of Investments [Line Items]
Range of ownership	7.60%		7.60%
New Valley LLC | Apartment Buildings | All other U.S. areas | Maximum
Schedule of Investments [Line Items]
Range of ownership	16.30%		16.30%
New Valley LLC | Hotels
Schedule of Investments [Line Items]
Investments in real estate ventures	$ 20,022		$ 20,022		22,416
Total contributions			167	1,537
Distributions			0	239
Equity in earnings (losses) from real estate ventures	(543)	(95)	(2,562)	(1,597)
Total maximum exposure to loss	$ 20,022		$ 20,022
New Valley LLC | Hotels | New York City SMSA
Schedule of Investments [Line Items]
Range of ownership	5.20%		5.20%
Investments in real estate ventures	$ 17,584		$ 17,584		19,616
Total contributions			167	1,537
Equity in earnings (losses) from real estate ventures	(749)	(584)	(2,200)	(1,790)
Total maximum exposure to loss	$ 17,584		$ 17,584
New Valley LLC | Hotels | International
Schedule of Investments [Line Items]
Range of ownership	49.00%		49.00%
Investments in real estate ventures	$ 2,438		$ 2,438		2,800
Distributions			0	239
Equity in earnings (losses) from real estate ventures	206	489	(362)	193
Total maximum exposure to loss	2,438		2,438
New Valley LLC | Commercial
Schedule of Investments [Line Items]
Investments in real estate ventures	8,799		8,799		18,079
Distributions			10,081	339
Equity in earnings (losses) from real estate ventures	45	(38)	799	(471)
Total maximum exposure to loss	$ 8,799		$ 8,799
New Valley LLC | Commercial | New York City SMSA
Schedule of Investments [Line Items]
Range of ownership	49.00%		49.00%
Investments in real estate ventures	$ 1,812		$ 1,812		2,437
Distributions			9	101
Equity in earnings (losses) from real estate ventures	(228)	(333)	(617)	(702)
Total maximum exposure to loss	$ 1,812		$ 1,812
New Valley LLC | Commercial | All other U.S. areas
Schedule of Investments [Line Items]
Range of ownership	1.60%		1.60%
Investments in real estate ventures	$ 6,987		$ 6,987		15,642
Distributions			10,072	238
Equity in earnings (losses) from real estate ventures	273	295	1,416	231
Total maximum exposure to loss	6,987		6,987
New Valley LLC | Other
Schedule of Investments [Line Items]
Investments in real estate ventures	16,045		16,045		$ 11,320
Total contributions			4,285	9,825
Distributions			657	1,150
Equity in earnings (losses) from real estate ventures	322	$ (152)	649	554
Total maximum exposure to loss	$ 31,188		$ 31,188
New Valley LLC | Other | Minimum
Schedule of Investments [Line Items]
Range of ownership	15.00%		15.00%
New Valley LLC | Other | Maximum
Schedule of Investments [Line Items]
Range of ownership	50.00%		50.00%
Douglas Elliman Realty, LLC
Schedule of Investments [Line Items]
Proceeds from commissions received			$ 16,603	$ 6,179

New Valley LLC (Combined Financ

New Valley LLC (Combined Financial Statements for Unconsolidated Subsidiaries) (Details) - New Valley LLC - Condominium and Mixed Use Development - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement
Revenue	$ 60	$ 31,672	$ 28,105	$ 194,056
Cost of sales	2,571	20,582	19,242	122,461
Other expenses	(1,805)	915	145,574	5,597
Income from continuing operations	$ (706)	$ 10,175	$ (136,711)	$ 65,998

New Valley LLC (Investments in

New Valley LLC (Investments in Real Estate, net) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2015	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Schedule of Investments [Line Items]
Real estate investment, net		$ 25,198		$ 25,198		$ 23,952
New Valley LLC
Schedule of Investments [Line Items]
Real estate investment, net		25,198		25,198		23,952
New Valley LLC | Escena
Schedule of Investments [Line Items]
Land and Land Improvements		8,911		8,911		8,907
Building and building improvements		1,891		1,891		1,891
Other		2,166		2,166		2,111
Investments in real estate, gross		12,968		12,968		12,909
Less accumulated depreciation		(2,732)		(2,732)		(2,424)
Real estate investment, net		10,236		10,236		10,485
Operating loss		(918)	$ (860)	(408)	$ (642)
New Valley LLC | Sagaponack
Schedule of Investments [Line Items]
Real estate investment, net		$ 14,962		$ 14,962		$ 13,467
Payments to acquire real estate	$ 12,502

Notes Payable, Long-Term Debt_2

Notes Payable, Long-Term Debt and Other Obligations (Components of Debt) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 1,309,913		$ 1,309,913		$ 1,253,542
Less: Debt issuance costs	(16,785)		(16,785)		(25,478)
Total notes payable, long-term debt and other obligations	1,293,128		1,293,128		1,228,064
Less: Current maturities	(234,756)		(234,756)		(33,820)
Amount due after one year	1,058,372		1,058,372		1,194,244
Fair value of derivatives embedded within convertible debt	32,273		32,273		76,413
Loss on extinguishment of debt	0	$ 0	0	$ 34,110
Senior Notes | 6.125% Senior Secured Notes due 2025
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 850,000		$ 850,000		850,000
Interest rate	6.125%		6.125%
Senior Notes | 7.75% Senior Secured Notes due 2021
Debt Instrument [Line Items]
Interest rate	7.75%		7.75%
Loss on extinguishment of debt				$ 34,110
Convertible Debt | 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $23,130 and $69,253
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 206,870		$ 206,870		160,747
Unamortized discount	$ 23,130		$ 23,130		69,253
Interest rate	7.50%		7.50%
Fair value of derivatives embedded within convertible debt	$ 12,851		$ 12,851		31,164
Convertible Debt | 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $38,360 and $53,687
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	220,390		220,390		205,063
Unamortized discount	$ 38,360		$ 38,360		53,687
Interest rate	5.50%		5.50%
Fair value of derivatives embedded within convertible debt	$ 32,273		$ 32,273		45,249
Line of Credit | Liggett
Debt Instrument [Line Items]
Amount outstanding	30,722		30,722
Remaining borrowing capacity	16,800		16,800
Line of Credit | Revolving credit facility | Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	28,239		28,239		31,614
Line of Credit | Term loan under credit facility | Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	2,483		2,483		2,704
Equipment loans | Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	1,407		1,407		2,662
Other
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 524		$ 524		$ 752

Notes Payable, Long-Term Debt_3

Notes Payable, Long-Term Debt and Other Obligations (Senior Notes) (Details) - Senior Notes - 10.5% Senior Notes due 2026 - Subsequent Event	Nov. 02, 2018USD ($)
Debt Instrument [Line Items]
Face amount of debt	$ 325,000,000
Interest rate	10.50%
Net proceeds from issuance of senior notes	$ 315,000,000
Redemption interest rate	1.00%
Maximum percent of principal amount redeemable	40.00%
Percent of net proceeds of certain equity offerings	110.50%
Minimum percentage of principal amount to remain outstanding	60.00%
Period of redemption after closing	90 days
Repurchase price	101.00%
Douglas Elliman Realty, LLC
Debt Instrument [Line Items]
Equity-method ownership percentage	70.59%

Notes Payable, Long-Term Debt_4

Notes Payable, Long-Term Debt and Other Obligations (Revolving Credit Facility and Term Loan Under Credit Facility - Liggett) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Disclosure [Abstract]
Amortization of debt discount, net	$ 22,871	$ 14,978	$ 61,450	$ 40,240
Amortization of debt issuance costs	3,158	2,393	8,783	6,626
Loss on extinguishment of 7.75% Senior Secured Notes	0	0	0	1,754
Non-cash Interest Expense	$ 26,029	$ 17,371	$ 70,233	$ 48,620

Notes Payable, Long-Term Debt_5

Notes Payable, Long-Term Debt and Other Obligations (Fair Value of Notes Payable and Long Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 1,335,379	$ 1,579,616
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 1,309,913	$ 1,253,542

Contingencies (Overview and Bon

Contingencies (Overview and Bonds) (Details) - Liggett - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Jun. 30, 2009
Loss Contingencies [Line Items]
Tobacco product liability legal expenses and costs	$ 5,256	$ 10,461
Engle Progeny Cases | Florida
Loss Contingencies [Line Items]
Maximum bond required for judgments on appeal				$ 200,000
Bonds | Santoro v. R.J. Reynolds
Loss Contingencies [Line Items]
Security posted for appeal of judgment			$ 535

Contingencies (Cautionary State

Contingencies (Cautionary Statement About Engle Progeny Cases) (Details) $ in Thousands	1 Months Ended				3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)case	Jun. 30, 2017USD ($)case	Dec. 31, 2016USD ($)case	Oct. 31, 2013USD ($)case	Sep. 30, 2018case	Sep. 30, 2018USD ($)case
Liggett | Engle Progeny Cases
Loss Contingencies [Line Items]
Cases with verdicts					25	25
Cases with verdicts in favor of plaintiffs					16	16
Cases with verdicts in favor of defendants					9	9
Cases with verdicts in favor of plaintiffs and punitive damages awarded					5	5
Cases settled	20	9	124	4,900	1
Amount of litigation settlement awarded to other party | $	$ 4,100	$ 1,400	$ 17,650	$ 110,000
Liggett | Irimi and Cohen
Loss Contingencies [Line Items]
Cases with verdicts where defendants motion for new trial granted					2	2
Liggett and Vector Tobacco | Engle Progeny Cases
Loss Contingencies [Line Items]
Cases settled						184
Amount of litigation settlement awarded to other party | $						$ 7,600

Contingencies (Individual Actio

Contingencies (Individual Actions) (Details)	Sep. 30, 2018case
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	32
Liggett
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Individual Actions Cases | Florida
Loss Contingencies [Line Items]
Cases pending	20
Liggett | Individual Actions Cases | Illinois
Loss Contingencies [Line Items]
Cases pending	4
Liggett | Individual Actions Cases | New York
Loss Contingencies [Line Items]
Cases pending	3
Liggett | Individual Actions Cases | Louisiana
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Individual Actions Cases | West Virginia
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Individual Actions Cases | Ohio
Loss Contingencies [Line Items]
Cases pending	1

Contingencies (Engle Progeny Ca

Contingencies (Engle Progeny Cases and Settlement) (Details) $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2017USD ($)case

Jun. 30, 2017USD ($)case

Dec. 31, 2016USD ($)case

Feb. 28, 2015

Oct. 31, 2013USD ($)case

May 31, 2003USD ($)plaintiff

Jul. 31, 2000USD ($)

Apr. 30, 2000USD ($)

Jul. 31, 1999plaintiff

Sep. 30, 2018USD ($)case

Sep. 30, 2017USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2018USD ($)case

Sep. 30, 2017USD ($)

Dec. 07, 2016USD ($)

Loss Contingencies [Line Items]

Litigation settlement and judgment expense (income)

$ 0

$ 4,104

$ (1,944)

$ 5,791

Engle Progeny Cases

Loss Contingencies [Line Items]

Number of plaintiffs | plaintiff

3

Compensatory damages awarded

$ 12,704

Punitive damages awarded

$ 145,000,000

Number of favorable plaintiff verdicts | plaintiff

1

Damages awarded and subsequently overturned

$ 5,831

Number of unfavorable plaintiff verdicts | plaintiff

2

Liggett

Loss Contingencies [Line Items]

Cases pending | case

2

2

Liggett | Engle Progeny Cases

Loss Contingencies [Line Items]

Punitive damages awarded

$ 790,000

Cases settled | case

20

9

124

4,900

1

Amount of litigation settlement awarded to other party

$ 4,100

$ 1,400

$ 17,650

$ 110,000

Litigation settlement amount paid in lump sum

$ 14,000

61,600

Litigation settlement, installment term

14 years

Litigation settlement and judgment expense (income)

86,213

$ 17,650

Litigation settlement and judgment expense, amount discounted

25,000

Litigation settlement amount paid in installment payments

48,000

$ 3,650

Litigation settlement amount of estimated future payments per annum

$ 3,400

Litigation settlement, interest rate on installment payments due

5.00%

Liggett | Engle Progeny Cases | Annual Discount Rate

Loss Contingencies [Line Items]

Discount rate

0.11

Liggett | Lukacs, Campbell, Douglas, Clay, Tullo, Ward Rizzuto, Lambert and Buchanan

Loss Contingencies [Line Items]

Payments for legal settlements

$ 39,773

Liggett and Vector Tobacco | Engle Progeny Cases

Loss Contingencies [Line Items]

Cases settled | case

184

Amount of litigation settlement awarded to other party

$ 7,600

Cases pending | case

70

70

Contingencies (Engle Progeny Ju

Contingencies (Engle Progeny Judgments Schedule) (Details) - USD ($) $ in Thousands	1 Months Ended			9 Months Ended
	Dec. 31, 2017	Apr. 30, 2017	Nov. 30, 2014	Sep. 30, 2018
Liggett
Loss Contingencies [Line Items]
Compensatory damages accrued, paid or compromised				$ (24,345)
Punitive damages accrued, paid or compromised				(10,800)
Liggett | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				24,505
Punitive damages awarded				10,800
Liggett | Litigation Accruals
Loss Contingencies [Line Items]
Compensatory damages awarded				160
Punitive damages awarded				0
Liggett | Lukacs v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				12,418
Punitive damages awarded				0
Liggett | Campbell v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				156
Punitive damages awarded				0
Liggett | Douglas v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				1,350
Punitive damages awarded				0
Liggett | Clay v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				349
Punitive damages awarded				1,000
Liggett | Putney v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				17
Punitive damages awarded				0
Liggett | Tullo v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				225
Punitive damages awarded				0
Liggett | Ward v R J Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				1
Punitive damages awarded				0
Liggett | Calloway v RJ Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				0
Punitive damages awarded				0
Liggett | Buchanan v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				2,750
Punitive damages awarded				0
Liggett | Cohen v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				0
Punitive damages awarded				0
Liggett | Rizzuto v. R.J. Reynolds
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party				1,500
Liggett | Rizzuto v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				3,479
Punitive damages awarded				0
Liggett | Irimi v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				0
Punitive damages awarded				0
Liggett | Lambert v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				3,600
Punitive damages awarded				9,500
Liggett | Boatright v. R.J. Reynolds
Loss Contingencies [Line Items]
Compensatory damages awarded			$ 12,750
Punitive damages awarded			$ 300
Liggett | Boatright v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				0
Punitive damages awarded				300
Liggett | Caprio v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				0
Punitive damages awarded				0
Liggett | Santoro v. R.J. Reynolds
Loss Contingencies [Line Items]
Compensatory damages awarded		$ 1,027
Punitive damages awarded		$ 15
Amount of litigation settlement awarded to other party	$ 1,605
Liggett | Santoro v. R.J. Reynolds | Judicial Ruling
Loss Contingencies [Line Items]
Compensatory damages awarded				160
Punitive damages awarded				0
RJ Reynolds | Boatright v. R.J. Reynolds
Loss Contingencies [Line Items]
Apportioned fault percentage to plaintiff			15.00%
R.J. Reynolds, Phillip Morris, Lorillard, and Liggett | Calloway v RJ Reynolds
Loss Contingencies [Line Items]
Damages awarded				$ 16,100
Phillip Morris | Boatright v. R.J. Reynolds
Loss Contingencies [Line Items]
Compensatory damages awarded			$ 15,000
Apportioned fault percentage to defendant			85.00%
Bonds | Liggett | Santoro v. R.J. Reynolds
Loss Contingencies [Line Items]
Security posted for appeal of judgment	$ 535

Contingencies (Appeals of Engle

Contingencies (Appeals of Engle Progeny Judgments, Maryland and Only Liggett Cases) (Details) - case	1 Months Ended
	Mar. 31, 2012	Sep. 30, 2018
Engle Progeny Cases
Loss Contingencies [Line Items]
Number of cases declined for review by supreme court	2
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending		32
Liggett
Loss Contingencies [Line Items]
Cases pending		2
Maryland | Liggett | Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending		16

Contingencies (Class Actions, H

Contingencies (Class Actions, Health Care Cost Recovery Actions, and Upcoming Trials) (Details) $ in Thousands	1 Months Ended					9 Months Ended
	Oct. 31, 2017case	Oct. 31, 2013case	May 31, 2013case	May 31, 2009	Jul. 31, 1999plaintiff	Sep. 30, 2018USD ($)casedefendantplaintiff	Dec. 31, 2001case
Parsons v. AC & S Inc.
Loss Contingencies [Line Items]
Damages sought | $						$ 1,000
Number of defendants in bankruptcy | defendant						3
Tobacco Litigation Personal Injury Cases | West Virginia
Loss Contingencies [Line Items]
Cases pending							750
Claims dismissed			1
Number of plaintiffs	30	30
Department of Justice Lawsuit
Loss Contingencies [Line Items]
Required reporting period				10 years
Engle Progeny Cases
Loss Contingencies [Line Items]
Number of plaintiffs | plaintiff					3
Pending claims scheduled for trial						1
Liggett
Loss Contingencies [Line Items]
Cases pending						2
Liggett | Class Actions
Loss Contingencies [Line Items]
Cases pending						3
Liggett | Tobacco Litigation Personal Injury Cases | West Virginia
Loss Contingencies [Line Items]
Cases pending						60
Number of plaintiffs | plaintiff						25
Liggett | Crow Creek Sioux Tribe v. American Tobacco Company
Loss Contingencies [Line Items]
Cases pending						1
Liggett | Engle Progeny Cases
Loss Contingencies [Line Items]
Claims dismissed		4,900

Contingencies (MSA and Other St

Contingencies (MSA and Other State Settlement Agreements) (Details)	Dec. 28, 2017USD ($)	Sep. 30, 2018USD ($)sponsorship	Mar. 31, 1998USD ($)state
Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Number of states with settled litigation | state			46
Number of brand name sponsorships allowed | sponsorship		1
Brand name sponsorship period		12 months
Annual payment requirement			$ 9,000,000,000
Liggett
Loss Contingencies [Line Items]
Number of states with settled litigation | state			45
Liggett | Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Estimated litigation liability		$ 0
Percentage of cigarettes sales exceeds market share exemption		1.65%
Vector Tobacco | Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Estimated litigation liability		$ 0
Percentage of cigarettes sales exceeds market share exemption		0.28%
Liggett and Vector Tobacco | Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Estimated litigation liability		$ 148,000,000
Payments for legal settlements	$ 137,000,000
Product Concentration Risk | Sales Revenue | Liggett and Vector Tobacco
Loss Contingencies [Line Items]
Concentration risk percentage		3.70%

Contingencies (Certain MSA Disp

Contingencies (Certain MSA Disputes) (Details) $ in Thousands	9 Months Ended	25 Months Ended	60 Months Ended
	Sep. 30, 2018USD ($)state	Mar. 31, 1998state	Dec. 31, 2017USD ($)
2003 NPM Adjustment
Loss Contingencies [Line Items]
Number of states agreed to single arbitration	48
Aggregate number of settling states	49
Number of settling states with diligence not contested	37
Combined allocable share, percentage	75.00%
Liggett and Vector Tobacco | 2004-2010 NPM Adjustment
Loss Contingencies [Line Items]
Amounts accrued | $	$ 13,400
Liggett and Vector Tobacco | Cost of Sales | Health Care Cost Recovery Actions, NPM Adjustment
Loss Contingencies [Line Items]
Settlement adjustment credit | $	7,876		$ 24,460
Liggett
Loss Contingencies [Line Items]
Number of states with settled litigation		45
Liggett | 2011-2015 NPM Adjustment
Loss Contingencies [Line Items]
Amounts accrued | $	$ 27,300

Contingencies (Other State Sett

Contingencies (Other State Settlements) (Details) - Health Care Cost Recovery Actions	Jan. 12, 2016USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2003USD ($)	Mar. 31, 1998USD ($)state
Loss Contingencies [Line Items]
Annual payment requirement				$ 9,000,000,000
Liggett
Loss Contingencies [Line Items]
Number of states not included in settlement agreement | state				4
Minnesota | Liggett
Loss Contingencies [Line Items]
Annual payment requirement			$ 100,000
Florida | Liggett
Loss Contingencies [Line Items]
Annual payment requirement		$ 250,000
Amount of litigation settlement awarded to other party		$ 1,200,000
Years annual payments required		21 years
Years annual payments required that are subject to inflation adjustment		12 years
Mississippi | Liggett
Loss Contingencies [Line Items]
Damages sought	$ 27,000,000
Loss Contingency, Punitive Damages and Attorney's Fees Sought, Value	$ 20,000,000

Contingencies (Activity in Accr

Contingencies (Activity in Accruals for MSA and Tobacco Litigation Schedule) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	$ 12,645	$ 19,851
Expenses	128,085	117,792
NPM Settlement adjustment	(595)	(1,793)
Change in MSA obligations capitalized as inventory	605	459
Payments	(10,288)	(23,768)
Interest on withholding	26	243
Current liabilities, ending balance	130,049	118,834
Noncurrent liabilities, beginning balance	41,319	49,770
Expenses	0	0
NPM Settlement adjustment	(5,703)	(928)
Payments	(40)
Reclassification to/(from) non-current liabilities	(429)	6,050
Interest on withholding	1,602	1,907
Noncurrent liabilities, ending balance	37,607	44,699
Payments due under Master Settlement Agreement
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	12,385	16,192
Expenses	127,510	112,026
NPM Settlement adjustment	(595)	(1,793)
Change in MSA obligations capitalized as inventory	605	459
Payments	(9,463)	(14,296)
Interest on withholding	0	0
Current liabilities, ending balance	129,795	112,438
Noncurrent liabilities, beginning balance	21,479	22,257
Expenses	0	0
NPM Settlement adjustment	(5,703)	(928)
Payments	(40)
Reclassification to/(from) non-current liabilities	(647)	(150)
Interest on withholding	0	0
Noncurrent liabilities, ending balance	16,383	21,479
Litigation Accruals
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	260	3,659
Expenses	575	5,766
NPM Settlement adjustment	0	0
Change in MSA obligations capitalized as inventory	0	0
Payments	(825)	(9,472)
Interest on withholding	26	243
Current liabilities, ending balance	254	6,396
Noncurrent liabilities, beginning balance	19,840	27,513
Expenses	0
NPM Settlement adjustment	0	0
Payments	0
Reclassification to/(from) non-current liabilities	218	6,200
Interest on withholding	1,602	1,907
Noncurrent liabilities, ending balance	$ 21,224	$ 23,220

Contingencies (Other Matters) (

Contingencies (Other Matters) (Details) $ in Thousands	Sep. 30, 2018USD ($)
Liggett and Vector Tobacco | Bonds | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 500

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost — benefits earned during the period	$ 147	$ 141	$ 441	$ 423
Interest cost on projected benefit obligation	1,124	1,262	3,370	3,794
Expected return on assets	(1,393)	(1,356)	(4,179)	(4,068)
Amortization of net loss (gain)	451	503	1,354	1,506
Net expense	329	550	986	1,655
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost — benefits earned during the period	2	2	3	4
Interest cost on projected benefit obligation	82	92	246	276
Expected return on assets	0	0	0	0
Amortization of net loss (gain)	(10)	(14)	(30)	(40)
Net expense	$ 74	$ 80	$ 219	$ 240

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income before provision for income taxes		$ 29,714	$ 26,950	$ 67,082	$ 70,316
Income tax expense using estimated annual effective income tax rate		15,194	10,331	33,809	26,961
Changes in effective tax rates		1,895	173	0	0
Impact of discrete items, net		(2,241)	(4,032)	(2,444)	(4,444)
Income tax expense		14,686	6,472	29,394	22,517
Provisional amount for tax act	$ 28,845
Change in estimate for the impact of Tax Cuts and Jobs Act of 2017		$ (162)	$ 0	$ (1,971)	$ 0

Investments and Fair Value Me_3

Investments and Fair Value Measurements (Fair Value Measurements) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2018	Dec. 31, 2017
Assets:
Investment securities available for sale		$ 135,246
Equity securities at fair value that qualify for the NAV practical expedient		58,787	$ 0
Total		461,285
Liabilities:
Fair value of derivatives embedded within convertible debt		45,124	76,413
Long-term investments, fair value		58,787	0
Long-term investments		$ 76,452	81,291
5.5% Variable Interest Senior Convertible Debentures due 2020 | Convertible Debt
Liabilities:
Interest rate		5.50%
Marketable equity securities
Assets:
Investment securities available for sale		$ 29,807
Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale		21,187
Total equity securities at fair value
Assets:
Investment securities available for sale		50,994
U.S. Government securities
Assets:
Investment securities available for sale		28,311
Corporate securities
Assets:
Investment securities available for sale		42,858
U.S. mortgage-backed securities
Assets:
Investment securities available for sale		3,194
Commercial mortgage-backed securities
Assets:
Investment securities available for sale		407
Index-linked U.S. bonds
Assets:
Investment securities available for sale		2,345
Foreign fixed-income securities
Assets:
Investment securities available for sale		1,145
Total debt securities available for sale
Assets:
Investment securities available for sale		84,252
Money market funds
Assets:
Cash and cash equivalents		218,868
Commercial paper
Assets:
Cash and cash equivalents		45,606
Certificates of deposit
Assets:
Cash and cash equivalents		2,243
Money market funds securing legal bonds
Assets:
Cash and cash equivalents		535
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Investment securities available for sale		50,994
Equity securities at fair value that qualify for the NAV practical expedient		0
Total		270,397
Liabilities:
Fair value of derivatives embedded within convertible debt		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable equity securities
Assets:
Investment securities available for sale		29,807
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale		21,187
Quoted Prices in Active Markets for Identical Assets (Level 1) | Total equity securities at fair value
Assets:
Investment securities available for sale		50,994
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government securities
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate securities
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Index-linked U.S. bonds
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign fixed-income securities
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Total debt securities available for sale
Assets:
Investment securities available for sale		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash and cash equivalents		218,868
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Cash and cash equivalents		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Certificates of deposit
Assets:
Cash and cash equivalents		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents		535
Significant Other Observable Inputs (Level 2)
Assets:
Investment securities available for sale		84,252
Total		190,888
Liabilities:
Fair value of derivatives embedded within convertible debt		0
Significant Other Observable Inputs (Level 2) | Marketable equity securities
Assets:
Investment securities available for sale		0
Significant Other Observable Inputs (Level 2) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale		0
Significant Other Observable Inputs (Level 2) | Total equity securities at fair value
Assets:
Investment securities available for sale		0
Significant Other Observable Inputs (Level 2) | U.S. Government securities
Assets:
Investment securities available for sale		28,311
Significant Other Observable Inputs (Level 2) | Corporate securities
Assets:
Investment securities available for sale		42,858
Significant Other Observable Inputs (Level 2) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale		3,194
Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale		407
Significant Other Observable Inputs (Level 2) | Index-linked U.S. bonds
Assets:
Investment securities available for sale		2,345
Significant Other Observable Inputs (Level 2) | Foreign fixed-income securities
Assets:
Investment securities available for sale		1,145
Significant Other Observable Inputs (Level 2) | Total debt securities available for sale
Assets:
Investment securities available for sale		84,252
Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash and cash equivalents		0
Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Cash and cash equivalents		45,606
Significant Other Observable Inputs (Level 2) | Certificates of deposit
Assets:
Cash and cash equivalents		2,243
Significant Other Observable Inputs (Level 2) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents		0
Significant Unobservable Inputs (Level 3)
Assets:
Investment securities available for sale		0
Equity securities at fair value that qualify for the NAV practical expedient		0
Total		0
Liabilities:
Fair value of derivatives embedded within convertible debt		45,124
Significant Unobservable Inputs (Level 3) | Marketable equity securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Total equity securities at fair value
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | U.S. Government securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Corporate securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Index-linked U.S. bonds
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Foreign fixed-income securities
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Total debt securities available for sale
Assets:
Investment securities available for sale		0
Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash and cash equivalents		0
Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Cash and cash equivalents		0
Significant Unobservable Inputs (Level 3) | Certificates of deposit
Assets:
Cash and cash equivalents		0
Significant Unobservable Inputs (Level 3) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents		0
Fair Value, Measurements, Recurring
Assets:
Investment securities available for sale			150,489
Total			366,672
Liabilities:
Fair value of derivatives embedded within convertible debt			76,413
Fair Value, Measurements, Recurring | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale			21,041
Fair Value, Measurements, Recurring | Total equity securities at fair value
Assets:
Investment securities available for sale			44,634
Fair Value, Measurements, Recurring | U.S. Government securities
Assets:
Investment securities available for sale			28,502
Fair Value, Measurements, Recurring | Corporate securities
Assets:
Investment securities available for sale			41,329
Fair Value, Measurements, Recurring | U.S. mortgage-backed securities
Assets:
Investment securities available for sale			4,564
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets:
Investment securities available for sale			426
Fair Value, Measurements, Recurring | Commercial paper
Assets:
Investment securities available for sale		5,992	7,027
Fair Value, Measurements, Recurring | Index-linked U.S. bonds
Assets:
Investment securities available for sale			2,316
Fair Value, Measurements, Recurring | Foreign fixed-income securities
Assets:
Investment securities available for sale			650
Fair Value, Measurements, Recurring | Total debt securities available for sale
Assets:
Investment securities available for sale			84,814
Fair Value, Measurements, Recurring | Money market funds
Assets:
Cash and cash equivalents			166,915
Fair Value, Measurements, Recurring | Commercial paper
Assets:
Cash and cash equivalents			43,781
Fair Value, Measurements, Recurring | Commercial paper | Current Restricted Assets
Assets:
Cash and cash equivalents		2,570
Fair Value, Measurements, Recurring | Commercial paper | Restricted Assets
Assets:
Cash and cash equivalents		3,910
Fair Value, Measurements, Recurring | Certificates of deposit
Assets:
Cash and cash equivalents			2,497
Fair Value, Measurements, Recurring | Money market funds securing legal bonds
Assets:
Cash and cash equivalents			2,990
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Investment securities available for sale			65,675
Total			235,580
Liabilities:
Fair value of derivatives embedded within convertible debt			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale			21,041
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total equity securities at fair value
Assets:
Investment securities available for sale			44,634
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Investment securities available for sale		0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Index-linked U.S. bonds
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign fixed-income securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total debt securities available for sale
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash and cash equivalents			166,915
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Certificates of deposit
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents			2,990
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Investment securities available for sale			84,814
Total			131,092
Liabilities:
Fair value of derivatives embedded within convertible debt			0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Total equity securities at fair value
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Government securities
Assets:
Investment securities available for sale			28,502
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate securities
Assets:
Investment securities available for sale			41,329
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale			4,564
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale			426
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Investment securities available for sale		5,992	7,027
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Index-linked U.S. bonds
Assets:
Investment securities available for sale			2,316
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign fixed-income securities
Assets:
Investment securities available for sale			650
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Total debt securities available for sale
Assets:
Investment securities available for sale			84,814
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Cash and cash equivalents			43,781
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Certificates of deposit
Assets:
Cash and cash equivalents			2,497
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Investment securities available for sale			0
Total			0
Liabilities:
Fair value of derivatives embedded within convertible debt			76,413
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Total equity securities at fair value
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Government securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. mortgage-backed securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Investment securities available for sale		$ 0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Index-linked U.S. bonds
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign fixed-income securities
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Total debt securities available for sale
Assets:
Investment securities available for sale			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Certificates of deposit
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents			0
Fair Value, Measurements, Nonrecurring
Assets:
Total			4,475
Liabilities:
Long-term investments, fair value			4,475
Gain (loss) on long-term investments	$ (525)
Gain (loss) on long-term investments and real estate held for sale	(525)
Long-term investments			5,000
Impairment charge included in earnings	$ (525)
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)
Assets:
Total			4,475
Liabilities:
Long-term investments, fair value			$ 4,475

Investments and Fair Value Me_4

Investments and Fair Value Measurements (Quantitative Information about Level 3 Fair Value Measurements) (Details) $ in Thousands	Sep. 30, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt | $	$ 32,273	$ 76,413
Discounted cash flow | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt | $	$ 45,124	$ 76,413
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Assumed annual stock dividend
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	0.05	0.05
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Assumed annual cash dividend
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input | $ / shares	1.60	1.60
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input | $ / shares	13.78	22.38
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Convertible trading price (as a percentage of par value)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	1.0410	1.1519
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	0.1806	0.1798
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Implied credit spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	0.055	0.035
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Implied credit spread | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	0.050	0.030
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Implied credit spread | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input	0.060	0.040

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Total revenues		$ 513,869	$ 484,625	$ 1,424,323	$ 1,371,822
Operating income (loss)		66,018	59,723	175,963	187,444
Equity in earnings (losses) from real estate ventures		294	(47)	(8,378)	26,357
Depreciation and amortization		4,707	4,386	14,043	14,028
Capital expenditures				12,546	15,258
Litigation judgment expense		0	4,104	(1,944)	5,791
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues		0	(480)	0	(480)
Operating income (loss)		(6,356)	(5,867)	(19,444)	(19,277)
Equity in earnings (losses) from real estate ventures		0	0	0	0
Depreciation and amortization		250	261	767	1,015
Capital expenditures				15	31
Tobacco
Segment Reporting Information [Line Items]
Total revenues	[1]	302,009	294,245	843,958	823,876
Litigation settlement income			(1,826)	(6,298)	(2,721)
Litigation judgment expense			4,104	525	5,791
Tobacco | Operating Segments
Segment Reporting Information [Line Items]
Total revenues			294,245		823,876
Operating income (loss)		63,259	61,601	189,185	185,526
Equity in earnings (losses) from real estate ventures		0	0	0	0
Depreciation and amortization		2,059	2,050	6,171	6,803
Capital expenditures				4,175	2,682
Real estate
Segment Reporting Information [Line Items]
Total revenues		211,860	190,860	580,365	548,426
Litigation settlement income				(2,469)
Real estate | Operating Segments
Segment Reporting Information [Line Items]
Total revenues		211,860	190,860	580,365	548,426
Operating income (loss)		9,115	3,989	6,222	21,195
Equity in earnings (losses) from real estate ventures		294	(47)	(8,378)	26,357
Depreciation and amortization		$ 2,398	$ 2,075	7,105	6,210
Capital expenditures				$ 8,356	$ 12,545
[1]	Revenues and cost of sales include federal excise taxes of $130,428 , $126,912 , $359,199 and $351,474

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Narrative) (Details) - 10.5% Senior Notes due 2026 - Senior Notes - Subsequent Event	Nov. 02, 2018
Condensed Financial Statements, Captions [Line Items]
Interest rate	10.50%
Douglas Elliman Realty, LLC
Condensed Financial Statements, Captions [Line Items]
Equity-method ownership percentage	70.59%

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information (Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 363,719		$ 301,353
Investment securities at fair value	135,246		150,489
Accounts receivable - trade, net	27,918	$ 33,995	29,481
Intercompany receivables	0		0
Inventories	84,293		89,790
Income taxes receivable, net	0		11,217
Restricted assets	4,821		10,258
Other current assets	45,671	24,269	21,121
Total current assets	661,668	621,371	613,709
Property, plant and equipment, net	86,325		85,516
Investments in real estate, net	25,198		23,952
Long-term investments (of which $58,787 and $0 were carried at fair value)	76,452		81,291
Investments in real estate ventures	142,988		188,131
Investments in consolidated subsidiaries	0		0
Restricted assets	6,296		3,488
Goodwill and other intangible assets, net	267,033		267,708
Prepaid pension costs	28,838		27,697
Other assets	52,076	40,526	36,786
Total assets	1,346,874	1,339,680	1,328,278
Current liabilities:
Current portion of notes payable and long-term debt	234,756		33,820
Current portion of fair value of derivatives embedded within convertible debt	12,851		0
Current portion of employee benefits	952		952
Intercompany payables	0		0
Income taxes payable, net	5,079		100
Litigation accruals and current payments due under the Master Settlement Agreement	130,049		12,644
Other current liabilities	140,409	167,454	157,123
Total current liabilities	524,096	214,970	204,639
Notes payable, long-term debt and other obligations, less current portion	1,058,372		1,194,244
Fair value of derivatives embedded within convertible debt	32,273		76,413
Non-current employee benefits	62,659		62,242
Deferred income taxes, net	51,587	53,584	58,801
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	90,337		63,699
Total liabilities	1,819,324	1,693,135	1,660,038
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(544,830)	(427,699)	(413,919)
Non-controlling interest	72,380	74,244	82,159
Total stockholders' deficiency	(472,450)	(353,455)	(331,760)
Total liabilities and stockholders' deficiency	1,346,874	$ 1,339,680	1,328,278
Consolidating Adjustments
Current assets:
Cash and cash equivalents	0		0
Investment securities at fair value	0		0
Accounts receivable - trade, net	0		0
Intercompany receivables	(36,542)		(29,541)
Inventories	0		0
Income taxes receivable, net	(9,628)		(11,444)
Restricted assets	0		0
Other current assets	0		(20,008)
Total current assets	(46,170)		(60,993)
Property, plant and equipment, net	0		0
Investments in real estate, net	0		0
Long-term investments (of which $58,787 and $0 were carried at fair value)	0		0
Investments in real estate ventures	0		0
Investments in consolidated subsidiaries	(421,500)		(469,436)
Restricted assets	0		0
Goodwill and other intangible assets, net	0		0
Prepaid pension costs	0		0
Other assets	0		0
Total assets	(467,670)		(530,429)
Current liabilities:
Current portion of notes payable and long-term debt	0		(20,008)
Current portion of fair value of derivatives embedded within convertible debt	0
Current portion of employee benefits	0		0
Intercompany payables	(36,542)		(29,541)
Income taxes payable, net	(9,628)		(11,444)
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Other current liabilities	0		0
Total current liabilities	(46,170)		(60,993)
Notes payable, long-term debt and other obligations, less current portion	0		0
Fair value of derivatives embedded within convertible debt	0		0
Non-current employee benefits	0		0
Deferred income taxes, net	0		0
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	0		0
Total liabilities	(46,170)		(60,993)
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(421,500)		(469,436)
Non-controlling interest	0		0
Total stockholders' deficiency	(421,500)		(469,436)
Total liabilities and stockholders' deficiency	(467,670)		(530,429)
Parent/Issuer | Reportable Legal Entities
Current assets:
Cash and cash equivalents	162,205		194,719
Investment securities at fair value	113,742		121,282
Accounts receivable - trade, net	0		0
Intercompany receivables	36,542		29,541
Inventories	0		0
Income taxes receivable, net	0		22,661
Restricted assets	0		0
Other current assets	21,043		20,549
Total current assets	333,532		388,752
Property, plant and equipment, net	547		696
Investments in real estate, net	0		0
Long-term investments (of which $58,787 and $0 were carried at fair value)	76,452		81,291
Investments in real estate ventures	0		0
Investments in consolidated subsidiaries	421,500		469,436
Restricted assets	1,487		1,501
Goodwill and other intangible assets, net	0		0
Prepaid pension costs	0		0
Other assets	13,187		7,843
Total assets	846,705		949,519
Current liabilities:
Current portion of notes payable and long-term debt	204,816		0
Current portion of fair value of derivatives embedded within convertible debt	12,851
Current portion of employee benefits	0		0
Intercompany payables	0		0
Income taxes payable, net	6,288		0
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Other current liabilities	33,323		49,088
Total current liabilities	257,278		49,088
Notes payable, long-term debt and other obligations, less current portion	1,055,659		1,190,333
Fair value of derivatives embedded within convertible debt	32,273		76,413
Non-current employee benefits	46,729		45,442
Deferred income taxes, net	(1,918)		695
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	1,514		1,467
Total liabilities	1,391,535		1,363,438
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(544,830)		(413,919)
Non-controlling interest	0		0
Total stockholders' deficiency	(544,830)		(413,919)
Total liabilities and stockholders' deficiency	846,705		949,519
Subsidiary Guarantors | Reportable Legal Entities
Current assets:
Cash and cash equivalents	111,056		17,141
Investment securities at fair value	21,504		29,207
Accounts receivable - trade, net	12,485		15,736
Intercompany receivables	0		0
Inventories	84,293		89,790
Income taxes receivable, net	0		0
Restricted assets	1,403		3,052
Other current assets	6,389		3,429
Total current assets	237,130		158,355
Property, plant and equipment, net	39,981		42,493
Investments in real estate, net	0		0
Long-term investments (of which $58,787 and $0 were carried at fair value)	0		0
Investments in real estate ventures	0		0
Investments in consolidated subsidiaries	0		0
Restricted assets	899		1,987
Goodwill and other intangible assets, net	107,511		107,511
Prepaid pension costs	28,838		27,697
Other assets	12,949		12,355
Total assets	427,308		350,398
Current liabilities:
Current portion of notes payable and long-term debt	29,612		53,540
Current portion of fair value of derivatives embedded within convertible debt	0
Current portion of employee benefits	952		952
Intercompany payables	515		449
Income taxes payable, net	8,419		11,542
Litigation accruals and current payments due under the Master Settlement Agreement	130,049		12,644
Other current liabilities	50,294		62,353
Total current liabilities	219,841		141,480
Notes payable, long-term debt and other obligations, less current portion	2,517		3,448
Fair value of derivatives embedded within convertible debt	0		0
Non-current employee benefits	15,930		16,800
Deferred income taxes, net	20,148		26,459
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	37,609		41,315
Total liabilities	296,045		229,502
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	131,263		120,896
Non-controlling interest	0		0
Total stockholders' deficiency	131,263		120,896
Total liabilities and stockholders' deficiency	427,308		350,398
Subsidiary Non-Guarantors | Reportable Legal Entities
Current assets:
Cash and cash equivalents	90,458		89,493
Investment securities at fair value	0		0
Accounts receivable - trade, net	15,433		13,745
Intercompany receivables	0		0
Inventories	0		0
Income taxes receivable, net	9,628		0
Restricted assets	3,418		7,206
Other current assets	18,239		17,151
Total current assets	137,176		127,595
Property, plant and equipment, net	45,797		42,327
Investments in real estate, net	25,198		23,952
Long-term investments (of which $58,787 and $0 were carried at fair value)	0		0
Investments in real estate ventures	142,988		188,131
Investments in consolidated subsidiaries	0		0
Restricted assets	3,910		0
Goodwill and other intangible assets, net	159,522		160,197
Prepaid pension costs	0		0
Other assets	25,940		16,588
Total assets	540,531		558,790
Current liabilities:
Current portion of notes payable and long-term debt	328		288
Current portion of fair value of derivatives embedded within convertible debt	0
Current portion of employee benefits	0		0
Intercompany payables	36,027		29,092
Income taxes payable, net	0		2
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Other current liabilities	56,792		45,682
Total current liabilities	93,147		75,064
Notes payable, long-term debt and other obligations, less current portion	196		463
Fair value of derivatives embedded within convertible debt	0		0
Non-current employee benefits	0		0
Deferred income taxes, net	33,357		31,647
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	51,214		20,917
Total liabilities	177,914		128,091
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	290,237		348,540
Non-controlling interest	72,380		82,159
Total stockholders' deficiency	362,617		430,699
Total liabilities and stockholders' deficiency	$ 540,531		$ 558,790

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information (Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 513,869	$ 484,625	$ 1,424,323	$ 1,371,822
Expenses:
Cost of sales	360,302	338,116	987,343	928,933
Operating, selling, administrative and general expenses	87,549	82,682	262,961	249,654
Litigation settlement and judgment expense (income)	0	4,104	(1,944)	5,791
Management fee expense	0	0	0	0
Operating income	66,018	59,723	175,963	187,444
Other income (expenses):
Interest expense	(51,084)	(43,234)	(145,452)	(136,146)
Change in fair value of derivatives embedded within convertible debt	10,005	9,437	31,289	26,142
Loss on extinguishment of debt	0	0	0	(34,110)
Equity in earnings (losses) from real estate ventures	294	(47)	(8,378)	26,357
Equity in earnings (losses) from investments	3,230	(303)	9,205	(2,823)
Equity in earnings in consolidated subsidiaries	0	0	0	0
Net gain (loss) recognized on equity securities	(797)	0	(306)	0
Management fee income	0	0	0	0
Other, net	2,048	1,374	4,761	3,452
Income before provision for income taxes	29,714	26,950	67,082	70,316
Income tax benefit (expense)	(14,686)	(6,472)	(29,394)	(22,517)
Net income	15,028	20,478	37,688	47,799
Net income attributed to non-controlling interest	(3,026)	(1,214)	(657)	(5,951)
Net income attributed to Vector Group Ltd.	12,002	19,264	37,031	41,848
Comprehensive income attributed to non-controlling interest	(3,026)	(1,214)	(657)	(5,951)
Comprehensive income attributed to Vector Group Ltd.	12,320	19,908	37,918	41,131
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Revenues	(119)	(119)	(358)	(358)
Expenses:
Cost of sales	0	0	0	0
Operating, selling, administrative and general expenses	(119)	(119)	(358)	(358)
Litigation settlement and judgment expense (income)		0	0	0
Management fee expense	(2,878)	(2,767)	(8,632)	(8,301)
Operating income	2,878	2,767	8,632	8,301
Other income (expenses):
Interest expense	0	0	0	0
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Loss on extinguishment of debt				0
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	0	0	0	0
Equity in earnings in consolidated subsidiaries	(50,102)	(38,291)	(136,615)	(136,570)
Net gain (loss) recognized on equity securities	0		0
Management fee income	(2,878)	(2,767)	(8,632)	(8,301)
Other, net	0	0	0	0
Income before provision for income taxes	(50,102)	(38,291)	(136,615)	(136,570)
Income tax benefit (expense)	0	0	0	0
Net income	(50,102)	(38,291)	(136,615)	(136,570)
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	(50,102)	(38,291)	(136,615)	(136,570)
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	(50,249)	(38,491)	(137,046)	(135,119)
Parent/Issuer | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	0	0	0	0
Expenses:
Cost of sales	0	0	0	0
Operating, selling, administrative and general expenses	8,915	7,815	26,331	26,046
Litigation settlement and judgment expense (income)		0	0	0
Management fee expense	0	0	0	0
Operating income	(8,915)	(7,815)	(26,331)	(26,046)
Other income (expenses):
Interest expense	(50,317)	(42,420)	(143,286)	(133,650)
Change in fair value of derivatives embedded within convertible debt	10,005	9,437	31,289	26,142
Loss on extinguishment of debt				(34,110)
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	3,230	(296)	9,205	(2,787)
Equity in earnings in consolidated subsidiaries	50,102	38,291	136,615	136,570
Net gain (loss) recognized on equity securities	1,086		3,443
Management fee income	2,878	2,767	8,632	8,301
Other, net	763	496	1,251	944
Income before provision for income taxes	8,832	460	20,818	(24,636)
Income tax benefit (expense)	3,170	18,804	16,213	66,484
Net income	12,002	19,264	37,031	41,848
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	12,002	19,264	37,031	41,848
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	12,320	19,908	37,918	41,131
Subsidiary Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	302,128	293,884	844,316	823,754
Expenses:
Cost of sales	219,769	207,800	597,492	570,461
Operating, selling, administrative and general expenses	16,497	18,379	49,342	55,068
Litigation settlement and judgment expense (income)		4,104	525	5,791
Management fee expense	2,878	2,767	8,632	8,301
Operating income	62,984	60,834	188,325	184,133
Other income (expenses):
Interest expense	(760)	(804)	(2,103)	(2,474)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Loss on extinguishment of debt				0
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	0	(7)	0	(36)
Equity in earnings in consolidated subsidiaries	0	0	0	0
Net gain (loss) recognized on equity securities	(1,883)		(3,749)
Management fee income	0	0	0	0
Other, net	943	561	2,490	1,510
Income before provision for income taxes	61,284	60,584	184,963	183,133
Income tax benefit (expense)	(15,885)	(23,895)	(47,433)	(71,300)
Net income	45,399	36,689	137,530	111,833
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	45,399	36,689	137,530	111,833
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	45,546	36,889	137,961	110,382
Subsidiary Non-Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	211,860	190,860	580,365	548,426
Expenses:
Cost of sales	140,533	130,316	389,851	358,472
Operating, selling, administrative and general expenses	62,256	56,607	187,646	168,898
Litigation settlement and judgment expense (income)		0	(2,469)	0
Management fee expense	0	0	0	0
Operating income	9,071	3,937	5,337	21,056
Other income (expenses):
Interest expense	(7)	(10)	(63)	(22)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Loss on extinguishment of debt				0
Equity in earnings (losses) from real estate ventures	294	(47)	(8,378)	26,357
Equity in earnings (losses) from investments	0	0	0	0
Equity in earnings in consolidated subsidiaries	0	0	0	0
Net gain (loss) recognized on equity securities	0		0
Management fee income	0	0	0	0
Other, net	342	317	1,020	998
Income before provision for income taxes	9,700	4,197	(2,084)	48,389
Income tax benefit (expense)	(1,971)	(1,381)	1,826	(17,701)
Net income	7,729	2,816	(258)	30,688
Net income attributed to non-controlling interest	(3,026)	(1,214)	(657)	(5,951)
Net income attributed to Vector Group Ltd.	4,703	1,602	(915)	24,737
Comprehensive income attributed to non-controlling interest	(3,026)	(1,214)	(657)	(5,951)
Comprehensive income attributed to Vector Group Ltd.	$ 4,703	$ 1,602	$ (915)	$ 24,737

Condensed Consolidating Finan_6

Condensed Consolidating Financial Information (Statements of Cash Flows) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 209,808	$ 206,443
Cash flows from investing activities:
Sale of investment securities	14,895	23,066
Maturities of investment securities	16,899	94,858
Purchase of investment securities	(22,516)	(120,362)
Proceeds from sale or liquidation of long-term investments	0	966
Purchase of long-term investments	0	(26,500)
Investments in real estate ventures	(6,132)	(20,830)
Acquisition of a business	(370)	(6,569)
Distributions from investments in real estate ventures	37,819	23,338
Increase in cash surrender value of life insurance policies	(806)	(831)
Decrease in restricted assets	254	2,112
Issuance of notes receivable	0	(1,633)
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets	0	75
Capital expenditures	(12,546)	(15,258)
Repayments of notes receivable	67	0
Pay downs of investment securities	1,293	2,153
Investments in real estate, net	(1,495)	(357)
Net cash provided by (used in) investing activities	27,362	(45,772)
Cash flows from financing activities:
Proceeds from issuance of debt	0	850,021
Deferred financing costs	0	(19,200)
Repayments of debt	(1,490)	(836,600)
Borrowings under revolver	261,058	121,521
Repayments on revolver	(264,654)	(152,870)
Capital contributions received	0	0
Intercompany dividends paid	0	0
Dividends and distributions on common stock	(169,571)	(158,425)
Proceeds from issuance of Vector common stock	0	43,230
Distributions to non-controlling interest	(2,521)	(165)
Net cash used in financing activities	(177,178)	(152,488)
Net increase in cash, cash equivalents and restricted cash	59,992	8,183
Cash, cash equivalents and restricted cash, beginning of period	310,937	398,578
Cash, cash equivalents and restricted cash, end of period	370,929	406,761
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(174,152)	(159,728)
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments		0
Purchase of long-term investments		0
Investments in real estate ventures	0	0
Acquisition of a business	0	0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	0	0
Decrease in restricted assets	0	0
Issuance of notes receivable		0
Investments in subsidiaries	8,103	20,245
Proceeds from sale of fixed assets		0
Capital expenditures	0	0
Repayments of notes receivable	(20,000)
Pay downs of investment securities	0	0
Investments in real estate, net	0	0
Net cash provided by (used in) investing activities	(11,897)	20,245
Cash flows from financing activities:
Proceeds from issuance of debt		0
Deferred financing costs		0
Repayments of debt	20,000	0
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	(8,103)	(20,245)
Intercompany dividends paid	174,152	159,728
Dividends and distributions on common stock	0	0
Proceeds from issuance of Vector common stock		0
Distributions to non-controlling interest	0	0
Net cash used in financing activities	186,049	139,483
Net increase in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Parent/Issuer | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	118,890	91,858
Cash flows from investing activities:
Sale of investment securities	10,940	23,066
Maturities of investment securities	16,899	94,858
Purchase of investment securities	(22,516)	(120,362)
Proceeds from sale or liquidation of long-term investments		500
Purchase of long-term investments		(26,500)
Investments in real estate ventures	0	0
Acquisition of a business	0	0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(345)	(371)
Decrease in restricted assets	14	231
Issuance of notes receivable		0
Investments in subsidiaries	(8,103)	(20,245)
Proceeds from sale of fixed assets		0
Capital expenditures	(15)	(31)
Repayments of notes receivable	20,000
Pay downs of investment securities	1,293	2,153
Investments in real estate, net	0	0
Net cash provided by (used in) investing activities	18,167	(46,701)
Cash flows from financing activities:
Proceeds from issuance of debt		850,000
Deferred financing costs		(19,200)
Repayments of debt	0	(835,000)
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	0	0
Intercompany dividends paid	0	0
Dividends and distributions on common stock	(169,571)	(158,425)
Proceeds from issuance of Vector common stock		43,230
Distributions to non-controlling interest	0	0
Net cash used in financing activities	(169,571)	(119,395)
Net increase in cash, cash equivalents and restricted cash	(32,514)	(74,238)
Cash, cash equivalents and restricted cash, beginning of period	194,719	279,815
Cash, cash equivalents and restricted cash, end of period	162,205	205,577
Subsidiary Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	244,377	231,182
Cash flows from investing activities:
Sale of investment securities	3,955	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments		0
Purchase of long-term investments		0
Investments in real estate ventures	0	0
Acquisition of a business	0	0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(461)	(460)
Decrease in restricted assets	240	1,784
Issuance of notes receivable		0
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets		75
Capital expenditures	(4,175)	(2,682)
Repayments of notes receivable	0
Pay downs of investment securities	0	0
Investments in real estate, net	0	0
Net cash provided by (used in) investing activities	(441)	(1,283)
Cash flows from financing activities:
Proceeds from issuance of debt		0
Deferred financing costs		0
Repayments of debt	(21,263)	(1,465)
Borrowings under revolver	261,058	121,521
Repayments on revolver	(264,654)	(152,870)
Capital contributions received	650	550
Intercompany dividends paid	(128,308)	(124,783)
Dividends and distributions on common stock	0	0
Proceeds from issuance of Vector common stock		0
Distributions to non-controlling interest	0	0
Net cash used in financing activities	(152,517)	(157,047)
Net increase in cash, cash equivalents and restricted cash	91,419	72,852
Cash, cash equivalents and restricted cash, beginning of period	20,175	19,684
Cash, cash equivalents and restricted cash, end of period	111,594	92,536
Subsidiary Non-Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	20,693	43,131
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments		466
Purchase of long-term investments		0
Investments in real estate ventures	(6,132)	(20,830)
Acquisition of a business	(370)	(6,569)
Distributions from investments in real estate ventures	37,819	23,338
Increase in cash surrender value of life insurance policies	0	0
Decrease in restricted assets	0	97
Issuance of notes receivable		(1,633)
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets		0
Capital expenditures	(8,356)	(12,545)
Repayments of notes receivable	67
Pay downs of investment securities	0	0
Investments in real estate, net	(1,495)	(357)
Net cash provided by (used in) investing activities	21,533	(18,033)
Cash flows from financing activities:
Proceeds from issuance of debt		21
Deferred financing costs		0
Repayments of debt	(227)	(135)
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	7,453	19,695
Intercompany dividends paid	(45,844)	(34,945)
Dividends and distributions on common stock	0	0
Proceeds from issuance of Vector common stock		0
Distributions to non-controlling interest	(2,521)	(165)
Net cash used in financing activities	(41,139)	(15,529)
Net increase in cash, cash equivalents and restricted cash	1,087	9,569
Cash, cash equivalents and restricted cash, beginning of period	96,043	99,079
Cash, cash equivalents and restricted cash, end of period	$ 97,130	$ 108,648