Vector (VGR) 10-Q7 Nov 192019 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 04, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity Registrant Name	VECTOR GROUP LTD
Entity Central Index Key	0000059440
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	1-5759
Entity Tax Identification Number	65-0949535
Entity Address, Address Line One	4400 Biscayne Boulevard
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33137
City Area Code	305
Local Phone Number	579-8000
Title of 12(b) Security	Common stock, par value $0.10 per share
Trading Symbol	VGR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		147,790,061

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 319,298	$ 584,581
Investment securities at fair value	140,690	131,569
Accounts receivable - trade, net	42,653	34,246
Inventories	99,179	90,997
Other current assets	32,548	30,828
Total current assets	634,368	872,221
Property, plant and equipment, net	83,932	86,736
Investments in real estate, net	28,009	26,220
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	66,915	66,259
Investments in real estate ventures	159,569	141,105
Operating lease right of use assets	148,387
Goodwill and other intangible assets, net	266,034	266,611
Other assets	99,470	90,352
Total assets	1,486,684	1,549,504
Current liabilities:
Current portion of notes payable and long-term debt	239,867	256,134
Current portion of fair value of derivatives embedded within convertible debt	11,105	6,635
Current payments due under the Master Settlement Agreement	132,377	36,561
Income taxes payable, net	29,427	5,252
Current operating lease liability	19,344
Other current liabilities	174,722	180,338
Total current liabilities	606,842	484,920
Notes payable, long-term debt and other obligations, less current portion	1,178,241	1,386,697
Fair value of derivatives embedded within convertible debt	0	24,789
Non-current employee benefits	62,560	61,288
Deferred income taxes, net	34,378	37,411
Non-current operating lease liability	154,254
Payments due under the Master Settlement Agreement	17,275	16,383
Other liabilities	61,807	85,382
Total liabilities	2,115,357	2,096,870
Commitments and contingencies (Note 9)
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, 147,790,061 and 140,914,642 shares issued and outstanding	14,779	14,092
Accumulated deficit	(620,791)	(542,169)
Accumulated other comprehensive loss	(23,149)	(19,982)
Total Vector Group Ltd. stockholders' deficiency	(629,161)	(548,059)
Non-controlling interest	488	693
Total stockholders' deficiency	(628,673)	(547,366)
Total liabilities and stockholders' deficiency	$ 1,486,684	$ 1,549,504

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Stockholders' deficiency:
Long-term investments, fair value	$ 52,384	$ 54,628
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)	147,790,061	140,914,642
Common stock, shares outstanding (in shares)	147,790,061	140,914,642

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Total revenues		$ 504,790	$ 513,869	$ 1,464,146	$ 1,424,323
Cost of sales:
Total cost of sales		345,456	360,302	999,650	987,343
Operating, selling, administrative and general expenses		92,374	87,549	278,047	262,961
Litigation settlement and judgment expense (income)		240	0	895	(1,944)
Operating income		66,720	66,018	185,554	175,963
Other income (expenses):
Interest expense		(32,963)	(51,084)	(103,236)	(145,452)
Change in fair value of derivatives embedded within convertible debt		6,182	10,005	20,319	31,289
Equity in earnings (losses) from real estate ventures		8,050	294	12,002	(8,378)
Other, net		1,755	4,481	13,653	13,660
Income before provision for income taxes		49,744	29,714	128,292	67,082
Income tax expense		13,736	14,686	37,944	29,394
Net income		36,008	15,028	90,348	37,688
Net income attributed to non-controlling interest		0	(3,026)	(80)	(657)
Net income attributed to Vector Group Ltd.		$ 36,008	$ 12,002	$ 90,268	$ 37,031
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		$ 0.23	$ 0.07	$ 0.57	$ 0.23
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		$ 0.23	$ 0.07	$ 0.56	$ 0.22
Tobacco
Revenues:
Total revenues	[1]	$ 303,260	$ 302,009	$ 854,517	$ 843,958
Cost of sales:
Total cost of sales	[1]	209,192	219,769	590,956	597,492
Litigation settlement and judgment expense (income)		240		895	525
Real estate
Revenues:
Total revenues		201,530	211,860	609,629	580,365
Cost of sales:
Total cost of sales		$ 136,264	$ 140,533	$ 408,694	$ 389,851

[1]	Revenues and cost of sales include federal excise taxes of $122,951 , $130,428 , $347,527 , and $359,199 , respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Tax portion of revenues and cost of goods sold	$ 122,951	$ 130,428	$ 347,527	$ 359,199

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 36,008	$ 15,028	$ 90,348	$ 37,688
Net unrealized (losses) gains on investment securities available for sale:
Change in net unrealized gains (losses)	2	(168)	725	(1,090)
Net unrealized (gains) losses reclassified into net income	(19)	165	(56)	989
Net unrealized (losses) gains on investment securities available for sale	(17)	(3)	669	(101)
Net change in pension-related amounts
Amortization of loss	491	441	1,439	1,324
Net change in pension-related amounts	491	441	1,439	1,324
Other comprehensive income	474	438	2,108	1,223
Income tax effect on:
Change in net unrealized gains (losses) on investment securities	(1)	47	(199)	299
Net unrealized (gains) losses reclassified into net income on investment securities	5	(46)	15	(272)
Pension-related amounts	(134)	(121)	(394)	(363)
Income tax provision on other comprehensive income	(130)	(120)	(578)	(336)
Other comprehensive income, net of tax	344	318	1,530	887
Comprehensive income	36,352	15,346	91,878	38,575
Comprehensive income attributed to non-controlling interest	0	(3,026)	(80)	(657)
Comprehensive income attributed to Vector Group Ltd.	$ 36,352	$ 12,320	$ 91,798	$ 37,918

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Deficiency - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018		Sep. 30, 2019	Sep. 30, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)				140,914,642
Beginning Balance	$ (606,696)	$ (428,719)		$ (547,366)	$ (331,760)
Impact of adoption of new accounting standards				(1,550)	(12,857)
Net income	36,008	15,028		90,348	37,688
Total other comprehensive income	344	318		1,530	887
Distributions and dividends on common stock	(58,724)	(55,844)		(176,298)	(167,656)
Restricted stock grant				0	0
Surrender of shares in connection with restricted stock vesting	(1,953)	(3,656)		(2,174)	(3,656)
Effect of stock dividend		0		0
Stock-based compensation	$ 2,348	2,585		7,122	7,425
Distributions to non-controlling interest		(2,162)		$ (285)	(2,521)
Ending Balance (in shares)	147,790,061			147,790,061
Ending Balance	$ (628,673)	$ (472,450)		$ (628,673)	$ (472,450)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	140,953,900	134,397,090		140,914,642	134,365,424
Beginning Balance	$ 14,095	$ 13,440		$ 14,092	$ 13,437
Restricted stock grant (in shares)				60,000	31,666
Restricted stock grant				$ 6	$ 3
Surrender of shares in connection with restricted stock vesting (in shares)	(200,926)	(192,119)		(221,668)	(192,119)
Surrender of shares in connection with restricted stock vesting	$ (19)	$ (19)		$ (22)	$ (19)
Effect of stock dividend (in shares)		7,037,087		7,037,087
Effect of stock dividend		$ 703		$ 703
Ending Balance (in shares)	147,790,061	147,960,374		147,790,061	147,960,374
Ending Balance	$ 14,779	$ 14,797		$ 14,779	$ 14,797
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	0	0		0	0
Distributions and dividends on common stock	(414)	1,052		(4,964)	(3,785)
Restricted stock grant				(6)	(3)
Surrender of shares in connection with restricted stock vesting	(1,934)	(3,637)		(2,152)	(3,637)
Stock-based compensation	2,348	2,585		7,122	7,425
Ending Balance	0	0		0	0
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(597,786)	(495,637)		(542,169)	(414,785)
Impact of adoption of new accounting standards				3,147	1,094
Net income	36,008	12,002		90,268	37,031
Distributions and dividends on common stock	(58,310)	(56,896)		(171,334)	(163,871)
Effect of stock dividend		(703)		(703)
Ending Balance	(620,791)	(541,907)		(620,791)	(541,907)
AOCI Attributable to Parent
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(23,493)	(18,038)		(19,982)	(12,571)
Impact of adoption of new accounting standards				(4,697)	(6,036)
Total other comprehensive income	344	318		1,530	887
Ending Balance	(23,149)	(17,720)		(23,149)	(17,720)
Non-controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	488	71,516		693	82,159
Impact of adoption of new accounting standards					(7,915)
Net income		3,026		80	657
Distributions to non-controlling interest		(2,162)		(285)	(2,521)
Ending Balance	$ 488	72,380		$ 488	72,380
September 27, 2018 Dividend
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend		$ 0	[1]		$ 0	[2]
September 27, 2018 Dividend \| Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend (in shares)		6,709,671	[1]		6,709,671	[2]
Effect of stock dividend		$ 671	[1]		$ 671	[2]
September 27, 2018 Dividend \| Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend		(671)	[1]		(671)	[2]
September 27, 2019 Dividend
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend		$ 0	[1]		$ 0	[2]
September 27, 2019 Dividend \| Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend (in shares)		7,045,732	[1]		7,045,732	[2]
Effect of stock dividend		$ 705	[1]		$ 705	[2]
September 27, 2019 Dividend \| Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend		$ (705)	[1]		$ (705)	[2]

[1]	Represents the effect of the September 27, 2019 and September 27, 2018 stock dividends on the third quarter 2018 common-stock activity.
[2]	Represents the effect of the September 27, 2019 and September 27, 2018 stock dividends on the third quarter 2018 common-stock activity.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Deficiency (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Distributions and dividends on common stock (in dollars per share)	$ 0.38	$ 0.36	$ 1.14	$ 1.09

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 195,349	$ 209,808
Cash flows from investing activities:
Sale of investment securities	16,186	14,895
Maturities of investment securities	45,798	16,899
Purchase of investment securities	(76,094)	(22,516)
Purchase of long-term investments	(1,000)	0
Investments in real estate ventures	(36,269)	(6,132)
Distributions from investments in real estate ventures	30,934	37,819
Increase in cash surrender value of life insurance policies	(773)	(806)
Decrease in restricted assets	661	254
Proceeds from sale of fixed assets	17	0
Capital expenditures	(10,158)	(12,546)
Repayments of notes receivable	0	67
Purchase of subsidiaries	(323)	(370)
Pay downs of investment securities	828	1,293
Investments in real estate, net	(1,910)	(1,495)
Net cash (used in) provided by investing activities	(32,103)	27,362
Cash flows from financing activities:
Deferred financing costs	(36)	0
Repayments of debt	(230,874)	(1,490)
Borrowings under revolver	204,506	261,058
Repayments on revolver	(221,373)	(264,654)
Dividends and distributions on common stock	(179,449)	(169,571)
Distributions to non-controlling interest	(285)	(2,521)
Other	(46)	0
Net cash used in financing activities	(427,557)	(177,178)
Net (decrease) increase in cash, cash equivalents and restricted cash	(264,311)	59,992
Cash, cash equivalents and restricted cash, beginning of period	591,729	310,937
Cash, cash equivalents and restricted cash, end of period	$ 327,418	$ 370,929

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2019
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. Liggett Vector Brands coordinates Liggett and Vector Tobacco’s sales and marketing efforts. Certain references to “Liggett” refer to the Company’s tobacco operations, including the business of Liggett and Vector Tobacco, unless otherwise specified. 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, 2018 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 distributed to Company stockholders on September 27, 2019 . All per share amounts and references to share amounts have been updated to reflect the retrospective effect of the stock dividend. Net income for purposes of determining basic EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net income attributed to Vector Group Ltd. $ 36,008 $ 12,002 $ 90,268 $ 37,031 Income attributed to participating securities (2,023 ) (1,722 ) (6,052 ) (5,186 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 33,985 $ 10,280 $ 84,216 $ 31,845 Net income for purposes of determining diluted EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net income attributed to Vector Group Ltd. $ 36,008 $ 12,002 $ 90,268 $ 37,031 Income attributable to 7.5% Variable Interest Senior Convertible Notes — — (1,246 ) — Income attributed to participating securities (2,023 ) (1,722 ) (6,052 ) (5,186 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 33,985 $ 10,280 $ 82,970 $ 31,845 Basic and diluted EPS were calculated using the following common shares: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Weighted-average shares for basic EPS 146,703,766 146,461,283 146,562,252 146,327,788 Plus incremental shares related to convertible debt — — 961,191 — Plus incremental shares related to stock options and non-vested restricted stock 32,374 26,290 13,782 185,660 Weighted-average shares for diluted EPS 146,736,140 146,487,573 147,537,225 146,513,448 The following non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the three and nine months ended September 30, 2019 and 2018 , but were not included in the computation of diluted EPS because the impact of the per share expense associated with the restricted stock were greater than the average market price of the common shares during the respective periods and the common shares issuable under the convertible debt were anti-dilutive to EPS. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Weighted-average shares of non-vested restricted stock 1,012,285 — 1,274,549 — Weighted-average expense per share $ 18.03 $ — $ 17.95 $ — Weighted-average number of shares issuable upon conversion of debt 11,447,061 30,260,606 11,447,061 30,260,606 Weighted-average conversion price $ 20.27 $ 16.15 $ 20.27 $ 16.15 (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, 2019 , the range of estimated fair values of the Company’s embedded derivatives was between $11,080 and $11,132 . The Company recorded the fair value of its embedded derivatives at the approximate midpoint of the range at $11,105 as of September 30, 2019 . At December 31, 2018 , the range of estimated fair values of the Company’s embedded derivatives was between $31,371 and $31,519 . The Company recorded the fair value of its embedded derivatives at the midpoint of the range at $31,424 as of December 31, 2018 . The estimated fair value of the Company’s embedded derivatives could change significantly based on future market conditions. (See Note 8 .) (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 (a) entities in which the equity investment at risk is not sufficient to finance its activities without additional subordinated financial support; (b) as a group, the equity investors at risk lack (1) the power to direct the activities of a legal entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, or (3) the right to receive the expected residual returns of the entity; or (c) as a group, the equity investors 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 VIE, any unfunded capital commitments to the VIE, and, in some cases, guarantees in connection with debt on the specific project. The Company’s maximum exposure to loss in its investment in 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, 2019 2018 2019 2018 Interest and dividend income $ 3,083 $ 2,466 $ 9,430 $ 6,533 Equity in (losses) earnings from investments (468 ) 3,230 (791 ) 9,205 Net (losses) gains recognized on investment securities (1,487 ) (962 ) 5,601 (1,295 ) Net periodic benefit cost other than the service costs (576 ) (254 ) (1,692 ) (761 ) Other income (expense) 1,203 1 1,105 (22 ) Other, net $ 1,755 $ 4,481 $ 13,653 $ 13,660 (g) Other Assets : Other assets consisted of: September 30, 2019 December 31, 2018 Restricted assets $ 5,982 $ 6,306 Prepaid pension costs 24,800 23,869 Other assets 68,688 60,177 Total other assets $ 99,470 $ 90,352 (h) Other Current Liabilities : Other current liabilities consisted of: September 30, 2019 December 31, 2018 Accounts payable $ 14,191 $ 13,144 Accrued promotional expenses 40,977 37,940 Accrued excise and payroll taxes payable, net 5,065 14,612 Accrued interest 28,116 38,673 Commissions payable 17,730 12,975 Accrued salary and benefits 25,518 30,228 Contract liabilities 7,416 — Allowance for sales returns 6,617 6,935 Other current liabilities 29,092 25,831 Total other current liabilities $ 174,722 $ 180,338 (i) Goodwill and Other Intangible Assets, Net : The components of “Goodwill and other intangible assets, net” were as follows: September 30, December 31, Goodwill $ 78,008 $ 77,568 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 515 1,532 Total goodwill and other intangible assets, net $ 266,034 $ 266,611 (j) Reconciliation of Cash, Cash Equivalents and Restricted Cash : The components of “Cash, cash equivalents and restricted cash” in the Condensed Consolidated Statement of Cash Flows were as follows: September 30, December 31, Cash and cash equivalents $ 319,298 $ 584,581 Restricted cash and cash equivalents included in other current assets 3,660 2,697 Restricted cash and cash equivalents included in other assets 4,460 4,451 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows $ 327,418 $ 591,729 Amounts included in current restricted assets and non-current 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. (k) New Accounting Pronouncements : Accounting Standards Updates (“ASU”) adopted in 2019 : 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 were applicable immediately while others were effective for the Company’s fiscal year beginning January 1, 2019. Adoption of this update did not have a material impact 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. The Company adopted ASU 2018-02 effective January 1, 2019. The reclassification from the adoption of this standard resulted in a decrease of $4,697 to accumulated deficit and an increase of $4,697 to accumulated other comprehensive loss. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”), which provides guidance for accounting for leases. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. Accounting for lessors remains largely unchanged from current U.S. GAAP. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases and ASU 2018-11 “Leases (Topic 842): Targeted Improvements” (ASU 2018-11). ASU 2018-10 clarifies certain areas within ASU 2016-02. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 allows entities an additional transition method to the existing requirements whereby an entity could adopt the provisions of ASU 2016-02 by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. ASU 2018-11 also allows a practical expedient that permits lessors to not separate non-lease components from the associated lease component if certain conditions are present. In December 2018, the FASB also issued ASU 2018-20, Leases (Topic 842): Narrow-Scope Improvements for Lessors, which requires lessors to exclude lessor costs paid directly to a third party by lessees from lease revenues and expenses, provides an election for lessors to exclude sales taxes and other similar taxes collected from lessees from consideration in the contract, and clarifies lessors accounting for variable payments related to lease and nonlease components. ASU 2016-02, ASU 2018-10, ASU 2018-11 and ASU 2018-20 was effective for the Company’s fiscal year beginning January 1, 2019 and subsequent interim periods. On January 1, 2019, the Company adopted ASU No. 2016-02- Leases (Topic 842) applying the modified retrospective method and the option presented under ASU 2018-11 to transition only active leases as of January 1, 2019 with a cumulative effect adjustment as of that date. See Note 3 - Leases, for additional accounting policy and transition disclosures. ASUs to be adopted in future periods: In October 2018, the FASB issued ASU No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. The guidance requires indirect interests held through related parties under common control arrangements be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of the new guidance on our condensed consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16” ) , which amends ASC 815, Derivatives and Hedging. This ASU adds the OIS rate based on SOFR to the list of permissible benchmark rates for hedge accounting purposes. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Adoption of ASU 2018-16 will be on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company is currently assessing the impact the adoption of ASU 2018-16 will have on the Company’s condensed consolidated financial statements. 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 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 impact financial statement disclosure with no impact on operating results. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), sets forth a current expected credit loss model that changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact the adoption of ASU 2016-13 will have on the Company’s condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2019
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. The following practical expedients and optional disclosure exemptions available under Topic 606 have been applied: 1. 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. 2. 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. Revenue Recognition Policies Revenue is measured based on a consideration specified in a contract with a customer less 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: Revenue from cigarette sales, which include federal excise taxes billed to customers, is 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 a liability 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 liability 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: Real estate commissions and other payments earned by the Company’s real estate brokerage businesses are recognized as revenue when 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 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. 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. Under development marketing service arrangements, dedicated staff are required for a subject property and these costs are typically reimbursed from the customer through advance payments that 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 at the time of the completed sale of each unit. 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 in the subject property and expensing these costs as each unit sold is closed over the contract. Commission 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. 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. 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 is completed, which is when the performance obligation is satisfied. 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, 2019 2018 2019 2018 Tobacco Segment Revenues: Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE $ 273,918 $ 274,405 $ 774,301 $ 764,306 Other Brands 29,342 27,604 80,216 79,652 Total tobacco revenues $ 303,260 $ 302,009 $ 854,517 $ 843,958 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, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 73,081 $ 47,066 $ 25,008 $ 27,770 $ 172,925 Development marketing 6,920 — 7,614 3,992 18,526 Property management revenue 8,484 184 — — 8,668 Title fees — 1,049 — — 1,049 Total Douglas Elliman revenue 88,485 48,299 32,622 31,762 201,168 Other real estate revenues — — — 362 362 Total real estate revenues $ 88,485 $ 48,299 $ 32,622 $ 32,124 $ 201,530 Three Months Ended September 30, 2018 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 79,192 $ 48,996 $ 22,491 $ 26,802 $ 177,481 Development marketing 16,187 — 8,088 402 24,677 Property management revenue 8,528 (381 ) — — 8,147 Title fees — 1,174 — — 1,174 Total Douglas Elliman revenue 103,907 49,789 30,579 27,204 211,479 Other real estate revenues — — — 381 381 Total real estate revenues $ 103,907 $ 49,789 $ 30,579 $ 27,585 $ 211,860 Nine Months Ended September 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 243,061 $ 118,057 $ 79,303 $ 77,952 $ 518,373 Development marketing 41,024 — 10,680 4,021 55,725 Property management revenue 26,699 538 — — 27,237 Title fees — 4,682 — — 4,682 Total Douglas Elliman revenue 310,784 123,277 89,983 81,973 606,017 Other real estate revenues — — — 3,612 3,612 Total real estate revenues $ 310,784 $ 123,277 $ 89,983 $ 85,585 $ 609,629 Nine Months Ended September 30, 2018 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 215,775 $ 124,902 $ 78,798 $ 76,313 $ 495,788 Development marketing 37,356 252 13,169 645 51,422 Property management revenue 25,226 — — 25,226 Title fees — 4,085 — — 4,085 Total Douglas Elliman revenue 278,357 129,239 91,967 76,958 576,521 Other real estate revenues — — — 3,844 3,844 Total real estate revenues $ 278,357 $ 129,239 $ 91,967 $ 80,802 $ 580,365 Contract Balances The following table provides information about contracts assets and contract liabilities from development marketing and commercial leasing contracts with customers: September 30, 2019 January 1, 2019 Receivables, which are included in accounts receivable - trade, net $ 2,378 $ 2,050 Contract assets, net, which are included in other current assets 8,809 9,264 Payables, which are included in other current liabilities 1,311 1,082 Contract liabilities, which are included in other current liabilities 7,416 7,071 Contract assets, net, which are included in other assets 20,093 15,794 Contract liabilities, which are included in other liabilities 35,258 30,445 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 increased $328 for the nine -month period ended September 30, 2019 primarily due to revenue accrued as performance obligations are satisfied of $2,780 , offset by cash collections. Correspondingly, payables increased $229 primarily due to additional expense accruals as performance obligations are satisfied of $1,727 , offset by cash payments. Contract assets increased by $3,844 during the nine months ended September 30, 2019 due to $15,039 of payments made for direct fulfillment costs incurred in advance of the satisfaction of the performance obligations for Real Estate development marketing contracts, offset by costs recognized for units closed during the quarter. 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 four to six 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 associated with development marketing are considered long-term until closing dates for unit sales are scheduled. As of September 30, 2019 , the Company estimates approximately $7,416 of contract liabilities will be recognized as revenue within the next twelve months. Contract liabilities increased by $5,158 during the nine months ended September 30, 2019 due to $16,377 of advance payments received from customer prior to the satisfaction of performance obligations for Real Estate development marketing contracts, offset by revenue recognized for units sold during the quarter. The Company recognized revenue of $9,753 for the nine months ended September 30, 2019 , that were included in the contract liabilities balances at January 1, 2019 . Topic 606 requires an entity to disclose the revenue recognized in the reporting period from performance obligations satisfied (or partially satisfied) in previous periods (for example, due to changes in transaction price). There was no revenue recognized relating to performance obligations satisfied or partially satisfied in prior periods for the three and nine months ended September 30, 2019 and 2018

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2019
Leases [Abstract]
Leases	LEASES Leasing Accounting Pronouncement Adoption On January 1, 2019, the Company adopted ASU No. 2016-02 - Leases (Topic 842) applying the modified retrospective method and the option presented under ASU 2018-11 to transition only active leases as of January 1, 2019 with a cumulative effect adjustment as of that date. All comparative periods prior to January 1, 2019 retain the financial reporting and disclosure requirements of ASC 840. The Company elected the package of practical expedients permitted under the transition guidance within the new standard. The package of three expedients includes: 1) the ability to carry forward the historical lease classification, 2) the elimination of the requirement to reassess whether existing or expired agreements contain leases, and 3) the elimination of the requirement to reassess initial direct costs. The Company also elected the practical expedient related to short-term leases without purchase options reasonably certain to exercise, allowing it to exclude leases with terms of less than twelve (12) months from capitalization for all asset classes. The Company did not elect the hindsight practical expedient when determining the lease terms. The adoption of the new standard resulted in the recording of right-of-use (“ROU”) assets and lease liabilities of $128,890 and $153,676 , respectively, as of January 1, 2019. The difference between the ROU assets and lease liabilities reflects the reclassification of historical deferred rent balances of approximately $22,881 , and tenant improvement receivable of $355 as adjustments to the ROU asset balances, and an adjustment that increased accumulated deficit by $1,550 to recognize the impairment in ROU assets for asset groups previously identified as being impaired. The standard did not materially impact the Company’s consolidated net earnings and had no impact on cash flows. The new standard had no material impact on liquidity and had no impact on the Company’s debt-covenant compliance under its current debt agreements. Leasing Policies The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and lease liabilities on the Company’s balance sheets. Finance leases are included in investments in real estate, net, property, plant and equipment and current and long-term portions of notes payable and long-term debt on the Company’s balance sheets. ROU assets represent the Company’s right to use an underlying asset for the duration of the lease term. Lease liabilities represent the Company’s obligation to make lease payments as determined by the lease agreement. Lease liabilities are recorded at commencement for the net present value of future lease payments over the lease term. The discount rate used is generally the Company’s estimated incremental borrowing rate unless the lessor’s implicit rate is readily determinable. Discount rates are calculated periodically to estimate the rate the Company would pay to borrow the funds necessary to obtain an asset of similar value, over a similar term, with a similar security. ROU assets are recorded and recognized at commencement for the lease liability amount, initial direct costs incurred and is reduced for lease incentives received. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term. Finance lease cost is recognized on a straight-line basis over the shorter of the useful life of the asset and the lease term. The Company has lease agreements with lease and non-lease components; the Company has elected the accounting policy to combine lease and non-lease components for all underlying asset classes. Leases The Company has operating and finance leases for corporate and sales offices, and certain vehicles and equipment. The leases have remaining lease terms of one year to 15 years , some of which include options to extend for up to five years , and some of which include options to terminate the leases within one year . However, the Company in general is not reasonably certain to exercise options to renew or terminate, and therefore renewal and termination options are not considered in the lease term or the ROU asset and lease liability balances. The Company’s lease population includes purchase options on equipment leases that are included in the lease payments when reasonably certain to be exercised. The Company’s lease population does not include any residual value guarantees. The Company’s lease population does not contain any material restrictive covenants. The Company has leases with variable payments, most commonly in the form of Common Area Maintenance (“CAM”) and tax charges which are based on actual costs incurred. These variable payments were excluded from the ROU asset and lease liability balances since they are not fixed or in-substance fixed payments. Variable payments are expensed as incurred. The components of lease expense were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2019 Operating lease cost $ 9,707 $ 28,212 Short-term lease cost 397 910 Variable lease cost 715 2,405 Finance lease cost: Amortization 67 186 Interest on lease liabilities 5 12 Total lease cost $ 10,891 $ 31,725 Supplemental cash flow information related to leases was as follows: Nine Months Ended September 30, 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 28,023 Operating cash flows from finance leases 12 Financing cash flows from finance leases 182 Right-of-use assets obtained in exchange for lease obligations: Operating leases 32,511 Finance leases 159 Supplemental balance sheet information related to leases was as follows: September 30, 2019 Operating leases: Operating lease right-of-use assets $ 148,387 Current operating lease liability $ 19,344 Non-current operating lease liability 154,254 Total operating lease liabilities $ 173,598 Finance leases: Investments in real estate, net $ 120 (1) Property, plant and equipment, at cost $ 127 Accumulated amortization (13 ) Property and equipment, net $ 114 Current portion of notes payable and long-term debt $ 110 Notes payable, long-term debt and other obligations, less current portion 120 Total finance lease liabilities $ 230 Weighted average remaining lease term: Operating leases 8.63 Finance leases 3.00 Weighted average discount rate: Operating leases 10.78 % Finance leases 8.41 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheet are financing lease equipment, at cost of $762 and accumulated amortization of $642 as of September 30, 2019 . As of September 30, 2019 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Year Ending December 31: Remainder of 2019 $ 9,965 $ 39 2020 35,876 98 2021 33,786 44 2022 31,339 39 2023 29,295 31 2024 23,905 8 Thereafter 114,702 — Total lease payments 278,868 259 Less imputed interest (105,270 ) (29 ) Total $ 173,598 $ 230 Under ASC 840, Leases , future minimum lease payments under noncancelable operating leases as of December 31, 2018 were as follows: Lease Commitments Sublease Rentals Net Year Ending December 31: 2019 $ 35,973 $ 69 $ 35,904 2020 29,917 — 29,917 2021 27,592 — 27,592 2022 25,185 — 25,185 2023 23,589 — 23,589 Thereafter 104,126 — 104,126 Total $ 246,382 $ 69 $ 246,313 The Company has one lease for office space wherein the lessor is an affiliate of a significant shareholder of the Company. This lease represents $1,368 of the ROU asset balances and $1,429 of lease liability balances as of September 30, 2019 . The rent expense for this lease was approximately $115 and $344 for the three and nine months ended September 30, 2019 . As of September 30, 2019 , the Company had $2,392 in undiscounted lease payments relating to additional operating leases for office space and equipment that have not yet commenced. The operating leases will commence in the fourth quarter of 2019 with lease terms ranging from 1.6 to 5 years.
Leases	LEASES Leasing Accounting Pronouncement Adoption On January 1, 2019, the Company adopted ASU No. 2016-02 - Leases (Topic 842) applying the modified retrospective method and the option presented under ASU 2018-11 to transition only active leases as of January 1, 2019 with a cumulative effect adjustment as of that date. All comparative periods prior to January 1, 2019 retain the financial reporting and disclosure requirements of ASC 840. The Company elected the package of practical expedients permitted under the transition guidance within the new standard. The package of three expedients includes: 1) the ability to carry forward the historical lease classification, 2) the elimination of the requirement to reassess whether existing or expired agreements contain leases, and 3) the elimination of the requirement to reassess initial direct costs. The Company also elected the practical expedient related to short-term leases without purchase options reasonably certain to exercise, allowing it to exclude leases with terms of less than twelve (12) months from capitalization for all asset classes. The Company did not elect the hindsight practical expedient when determining the lease terms. The adoption of the new standard resulted in the recording of right-of-use (“ROU”) assets and lease liabilities of $128,890 and $153,676 , respectively, as of January 1, 2019. The difference between the ROU assets and lease liabilities reflects the reclassification of historical deferred rent balances of approximately $22,881 , and tenant improvement receivable of $355 as adjustments to the ROU asset balances, and an adjustment that increased accumulated deficit by $1,550 to recognize the impairment in ROU assets for asset groups previously identified as being impaired. The standard did not materially impact the Company’s consolidated net earnings and had no impact on cash flows. The new standard had no material impact on liquidity and had no impact on the Company’s debt-covenant compliance under its current debt agreements. Leasing Policies The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and lease liabilities on the Company’s balance sheets. Finance leases are included in investments in real estate, net, property, plant and equipment and current and long-term portions of notes payable and long-term debt on the Company’s balance sheets. ROU assets represent the Company’s right to use an underlying asset for the duration of the lease term. Lease liabilities represent the Company’s obligation to make lease payments as determined by the lease agreement. Lease liabilities are recorded at commencement for the net present value of future lease payments over the lease term. The discount rate used is generally the Company’s estimated incremental borrowing rate unless the lessor’s implicit rate is readily determinable. Discount rates are calculated periodically to estimate the rate the Company would pay to borrow the funds necessary to obtain an asset of similar value, over a similar term, with a similar security. ROU assets are recorded and recognized at commencement for the lease liability amount, initial direct costs incurred and is reduced for lease incentives received. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term. Finance lease cost is recognized on a straight-line basis over the shorter of the useful life of the asset and the lease term. The Company has lease agreements with lease and non-lease components; the Company has elected the accounting policy to combine lease and non-lease components for all underlying asset classes. Leases The Company has operating and finance leases for corporate and sales offices, and certain vehicles and equipment. The leases have remaining lease terms of one year to 15 years , some of which include options to extend for up to five years , and some of which include options to terminate the leases within one year . However, the Company in general is not reasonably certain to exercise options to renew or terminate, and therefore renewal and termination options are not considered in the lease term or the ROU asset and lease liability balances. The Company’s lease population includes purchase options on equipment leases that are included in the lease payments when reasonably certain to be exercised. The Company’s lease population does not include any residual value guarantees. The Company’s lease population does not contain any material restrictive covenants. The Company has leases with variable payments, most commonly in the form of Common Area Maintenance (“CAM”) and tax charges which are based on actual costs incurred. These variable payments were excluded from the ROU asset and lease liability balances since they are not fixed or in-substance fixed payments. Variable payments are expensed as incurred. The components of lease expense were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2019 Operating lease cost $ 9,707 $ 28,212 Short-term lease cost 397 910 Variable lease cost 715 2,405 Finance lease cost: Amortization 67 186 Interest on lease liabilities 5 12 Total lease cost $ 10,891 $ 31,725 Supplemental cash flow information related to leases was as follows: Nine Months Ended September 30, 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 28,023 Operating cash flows from finance leases 12 Financing cash flows from finance leases 182 Right-of-use assets obtained in exchange for lease obligations: Operating leases 32,511 Finance leases 159 Supplemental balance sheet information related to leases was as follows: September 30, 2019 Operating leases: Operating lease right-of-use assets $ 148,387 Current operating lease liability $ 19,344 Non-current operating lease liability 154,254 Total operating lease liabilities $ 173,598 Finance leases: Investments in real estate, net $ 120 (1) Property, plant and equipment, at cost $ 127 Accumulated amortization (13 ) Property and equipment, net $ 114 Current portion of notes payable and long-term debt $ 110 Notes payable, long-term debt and other obligations, less current portion 120 Total finance lease liabilities $ 230 Weighted average remaining lease term: Operating leases 8.63 Finance leases 3.00 Weighted average discount rate: Operating leases 10.78 % Finance leases 8.41 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheet are financing lease equipment, at cost of $762 and accumulated amortization of $642 as of September 30, 2019 . As of September 30, 2019 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Year Ending December 31: Remainder of 2019 $ 9,965 $ 39 2020 35,876 98 2021 33,786 44 2022 31,339 39 2023 29,295 31 2024 23,905 8 Thereafter 114,702 — Total lease payments 278,868 259 Less imputed interest (105,270 ) (29 ) Total $ 173,598 $ 230 Under ASC 840, Leases , future minimum lease payments under noncancelable operating leases as of December 31, 2018 were as follows: Lease Commitments Sublease Rentals Net Year Ending December 31: 2019 $ 35,973 $ 69 $ 35,904 2020 29,917 — 29,917 2021 27,592 — 27,592 2022 25,185 — 25,185 2023 23,589 — 23,589 Thereafter 104,126 — 104,126 Total $ 246,382 $ 69 $ 246,313 The Company has one lease for office space wherein the lessor is an affiliate of a significant shareholder of the Company. This lease represents $1,368 of the ROU asset balances and $1,429 of lease liability balances as of September 30, 2019 . The rent expense for this lease was approximately $115 and $344 for the three and nine months ended September 30, 2019 . As of September 30, 2019 , the Company had $2,392 in undiscounted lease payments relating to additional operating leases for office space and equipment that have not yet commenced. The operating leases will commence in the fourth quarter of 2019 with lease terms ranging from 1.6 to 5 years.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of: September 30, December 31, Leaf tobacco $ 46,706 $ 42,917 Other raw materials 4,318 3,750 Work-in-process 856 1,931 Finished goods 69,337 63,937 Inventories at current cost 121,217 112,535 LIFO adjustments (22,038 ) (21,538 ) $ 99,179 $ 90,997 All of the Company’s inventories at September 30, 2019 and December 31, 2018 are reported under the LIFO method. The $22,038 LIFO adjustment as of September 30, 2019 decreases the current cost of inventories by $15,432 for Leaf tobacco, $219 for Other raw materials, $25 for Work-in-process and $6,362 for Finished goods. The $21,538 LIFO adjustment as of December 31, 2018 decreased the current cost of inventories by $14,932 for Leaf tobacco, $219 for Other raw materials, $25 for Work-in-process and $6,362 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, 2019 , Liggett had tobacco purchase commitments of approximately $17,318 . 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 $18,758 and $16,001 at September 30, 2019 and December 31, 2018 , respectively. Federal excise tax capitalized in inventory was $27,674 and $26,419 at September 30, 2019 and December 31, 2018 , respectively.

Investment Securities At Fair V

Investment Securities At Fair Value	9 Months Ended
Investment Securities At Fair Value	Sep. 30, 2019
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, December 31, 2018 Debt securities available for sale $ 94,567 $ 84,367 Equity securities at fair value 46,123 47,202 Total investment securities at fair value $ 140,690 $ 131,569 Net (losses) gains recognized on investment securities were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net (losses) gains recognized on equity securities $ (1,506 ) $ (797 ) $ 5,545 $ (306 ) Net gains (losses) recognized on debt securities available for sale 25 (4 ) 67 (17 ) Gross realized losses on other-than-temporary impairments (6 ) (161 ) (11 ) (972 ) Net (losses) gains recognized on investment securities $ (1,487 ) $ (962 ) $ 5,601 $ (1,295 ) Sales of investment securities totaled $16,186 and $14,895 and proceeds from early redemptions by issuers totaled $46,626 and $18,192 for the nine months ended September 30, 2019 and 2018 , respectively, mainly from the sales and redemptions of Corporate securities and U.S. Government securities. (a) Debt Securities Available for Sale The components of debt securities available for sale at September 30, 2019 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 93,730 $ 837 $ — $ 94,567 Total debt securities available for sale $ 93,730 $ 837 $ — $ 94,567 The table below summarizes the maturity dates of debt securities available for sale at September 30, 2019 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 17,543 $ 7,090 $ 10,453 $ — Corporate securities 50,159 20,328 29,831 — U.S. mortgage-backed securities 10,361 3,053 7,308 — Commercial mortgage-backed securities 388 24 364 — Commercial paper 13,934 13,934 — — Index-linked U.S. bonds 1,174 1,174 — — Foreign fixed-income securities 1,008 500 508 — Total debt securities available for sale by maturity dates $ 94,567 $ 46,103 $ 48,464 $ — The components of debt securities available for sale at December 31, 2018 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 84,199 $ 168 $ — $ 84,367 Total debt securities available for sale $ 84,199 $ 168 $ — $ 84,367 There were no available-for-sale debt securities with continuous unrealized losses for less than 12 months and 12 months or greater at September 30, 2019 and December 31, 2018 , respectively. Gross realized gains and losses on debt securities available for sale were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Gross realized gains on sales $ 27 $ 1 $ 74 $ 3 Gross realized losses on sales (2 ) (5 ) (7 ) (20 ) Net gains (losses) recognized on debt securities available for sale $ 25 $ (4 ) $ 67 $ (17 ) Gross realized losses on other-than-temporary impairments $ (6 ) $ (161 ) $ (11 ) $ (972 ) 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, December 31, 2018 Marketable equity securities $ 23,909 $ 26,010 Mutual funds invested in fixed income securities 22,214 21,192 Total equity securities at fair value $ 46,123 $ 47,202 The following is a summary of unrealized and realized net gains and losses recognized in net income on equity securities at fair value during the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net (losses) gains recognized on equity securities (1) $ (1,506 ) $ (797 ) $ 5,545 $ (306 ) Less: Net gains (losses) recognized on equity securities sold (2) 58 (717 ) 468 (534 ) Net unrealized (losses) gains recognized on equity securities still held at the reporting date $ (1,564 ) $ (80 ) $ 5,077 $ 228 (1) Includes $781 of net losses and $405 of net gains recognized on equity securities at fair value that qualify for the net asset value (“NAV”) practical expedient during the three months ended September 30, 2019 and 2018 , respectively, and $4,689 and $3,641 of net gains recognized on equity securities at fair value that qualify for the NAV practical expedient during the nine months ended September 30, 2019 and 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 6 . (2) Includes $84 of net gains recognized on sales of equity securities at fair value that qualify for the NAV practical expedient during the three months ended September 30, 2018 , and $649 of gains and $84 of net gains recognized on sales of equity securities at fair value that qualify for the NAV practical expedient during the nine months ended September 30, 2019 and 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 6 . 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 12 . 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 membership units of a real estate limited liability company at September 30, 2019 . As of December 31, 2018 , the Company owned an investment in the common stock of a reinsurance company. The total carrying value of these investments was $6,000 and $5,000 and was included in “Other assets” on the condensed consolidated balance sheet at September 30, 2019 and December 31, 2018 , respectively. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the three and nine months ended September 30, 2019 and 2018

Long-Term Investments

Long-Term Investments	9 Months Ended
Long-Term Investments	Sep. 30, 2019
Long-term Investments [Abstract]
Long-Term Investments	LONG-TERM INVESTMENTS Long-term investments consisted of the following: September 30, 2019 December 31, 2018 Equity securities at fair value that qualify for the NAV practical expedient $ 52,384 $ 54,628 Equity-method investments 14,531 11,631 $ 66,915 $ 66,259 (a) Equity Securities at Fair Value That Qualify for the NAV Practical Expedient The estimated fair value of the Company’s equity securities at fair value that qualify for the NAV practical expedient 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. In accordance with Subtopic 820-10, these investments are not classified under the fair value hierarchy disclosed in Note 12 because they are investments measured at fair value using the NAV practical expedient. (b) Equity-Method Investments: Equity-method investments consisted of the following: September 30, December 31, 2018 Indian Creek Investors LP (“Indian Creek”) $ 665 $ 1,167 Boyar Value Fund (“Boyar”) 9,362 8,384 Optika Fund LLC (“Optika”) 4,504 — Ladenburg Thalmann Financial Services Inc. (“LTS”) — 2,080 Castle Brands, Inc. (“Castle”) — — $ 14,531 $ 11,631 At September 30, 2019 , the Company’s ownership percentages in Indian Creek, Boyar, LTS and Castle were 12.47% , 35.65% , 10.22% and 7.62% , respectively. During the third quarter of 2019, the Company contributed $5,000 to Optika and its ownership percentage in the fund was 10.76% at September 30, 2019 . The Company accounted for its Indian Creek, Boyar and Optika interests as equity-method investments because the Company’s ownership percentage meets the threshold for equity-method accounting. The Company accounted for its LTS and Castle interests as equity-method investments because the Company has the ability to exercise significant influence over their operating and financial policies. The fair value of the investment in Boyar, based on the quoted market price as of September 30, 2019 , was $9,362 , equal to its carrying value. At September 30, 2019 , the aggregate fair values of the LTS and Castle investments, based on the quoted market price, were $36,003 and $16,248 , respectively. The Company received cash distributions of $1,495 and $1,231 from the Company’s equity-method investments for the nine months ended September 30, 2019 and 2018 , respectively. The Company recognized equity in losses from equity-method investments of $468 and equity in earnings from equity-method investments of $3,230 for the three months ended September 30, 2019 and 2018 , respectively. The Company recognized equity in losses from equity-method investments of $791 and equity in earnings from equity method investments of $9,205 for the nine months ended September 30, 2019 and 2018 , respectively. The Company has suspended its recognition of equity in losses from LTS and Castle to the extent such losses exceed its basis. On October 9, 2019, Castle was acquired pursuant to a cash tender offer of $1.27 per outstanding Common Share and, in connection therewith, the Company tendered the entire amount of its 12,895,017 common shares of Castle. The Company received $16,377 in October 2019 from the transaction that will be recognized in the fourth quarter. At the closing of the transaction, the Company’s Executive Vice President resigned as President and Chief Executive Officer of Castle and the Company’s management agreement with Castle was cancelled. 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 12 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 estimated fair value of the Company’s investments in Indian Creek and Optika represents the NAV per share and was provided by the partnership based on the indicated market value of the underlying assets or investment portfolio. The investments are illiquid and their ultimate realization is subject to the performance of the underlying partnership and their management by the general partners. In accordance with Subtopic 820-10, these investments would not be classified under the fair value hierarchy disclosed in Note 12 if the assets were recorded on the condensed consolidated balance sheet at fair value because they are measured at fair value using the NAV practical expedient.

New Valley LLC

New Valley LLC	9 Months Ended
New Valley LLC	Sep. 30, 2019
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 (1) September 30, 2019 December 31, 2018 Condominium and Mixed Use Development: New York City SMSA 3.1% - 49.5% $ 85,221 $ 65,007 All other U.S. areas 15.0% - 48.5% 48,091 31,392 133,312 96,399 Apartment Buildings: All other U.S. areas 7.6% - 16.3% — — — — Hotels: New York City SMSA 1.0% - 18.4% 2,513 15,782 International 49.0% 2,405 2,334 4,918 18,116 Commercial: New York City SMSA 49.0% 1,968 1,867 All other U.S. areas 1.6% 7,468 7,053 9,436 8,920 Other: 15.0% - 50.0% 11,903 17,670 Investments in real estate ventures $ 159,569 $ 141,105 ______________________ (1) The Range of Ownership reflects New Valley’s estimated current ownership percentage. New Valley’s actual ownership percentage as well as the percentage of earnings and cash distributions may ultimately differ as a result of a number of factors including potential dilution, financing or admission of additional partners. Contributions: The components of New Valley’s contributions to its investments in real estate ventures were as follows: Nine Months Ended September 30, 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 21,760 $ 1,158 All other U.S. areas 14,000 — 35,760 1,158 Apartment Buildings: New York City SMSA — 522 — 522 Hotels: New York City SMSA 172 167 172 167 Other: 337 4,285 Total contributions $ 36,269 $ 6,132 During the nine months ended September 30, 2019 , New Valley did not make certain capital contributions to Monad Terrace, a Condominium and Mixed Use Development located in All other U.S. areas. The Company’s ownership percentage was reduced from 18% to 17% for the nine months ended September 30, 2019 . For other ventures where New Valley previously held an investment, New Valley contributed its proportionate share of additional capital along with contributions by the other investment partners during the nine months ended September 30, 2019 and September 30, 2018 . 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, 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 3,380 $ 38,860 All other U.S. areas 1,279 — 4,659 38,860 Apartment Buildings: All other U.S. areas 79 295 79 295 Hotels: New York City SMSA 21,572 — 21,572 — Commercial: New York City SMSA 13 9 All other U.S. areas 160 10,072 173 10,081 Other 8,088 657 Total distributions $ 34,571 $ 49,893 Of the distributions received by New Valley from its investment in real estate ventures, $3,637 and $12,074 were from distributions of earnings for the nine months ended September 30, 2019 and 2018 , respectively, and $30,934 and $37,819 were a return of capital for the nine months ended September 30, 2019 and 2018 , 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. During the nine months ended September 30, 2019 , New Valley’s Park Lane joint venture sold 80% of its interest in the Park Lane Hotel, a Hotel located in the New York City SMSA. New Valley recognized equity in earnings of $10,328 from the sale and received distributions of $20,788 for the nine months ended September 30, 2019 , respectively. The sale reduced New Valley’s direct ownership percentage of the Park Lane Hotel from 5.2% to 1.0% . New Valley continues to account for its investment in the joint venture under the equity method of accounting because its ownership percentage in its direct investment continues to meet the threshold for equity method accounting. Equity in Earnings (Losses) from Real Estate Ventures: New Valley recognized equity in earnings (losses) from real estate ventures as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 2,099 $ 1,732 $ (1,127 ) $ (1,880 ) All other U.S. areas 4,600 (151 ) 2,234 (976 ) 6,699 1,581 1,107 (2,856 ) Apartment Buildings: New York City SMSA — (1,267 ) — (4,550 ) All other U.S. areas 76 156 79 142 76 (1,111 ) 79 (4,408 ) Hotels: New York City SMSA (102 ) (749 ) 8,132 (2,200 ) International 434 206 70 (362 ) 332 (543 ) 8,202 (2,562 ) Commercial: New York City SMSA (149 ) (228 ) 114 (617 ) All other U.S. areas 146 273 517 1,416 (3 ) 45 631 799 Other: 946 322 1,983 649 Equity in earnings (losses) from real estate ventures $ 8,050 $ 294 $ 12,002 $ (8,378 ) 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 four New York City SMSA and one All other U.S. areas Condominium and Mixed Use Development ventures were less than their carrying value as of September 30, 2019 . The Company determined that the impairment was other than temporary. The Company recorded an impairment charge as a component of equity in earnings from real estate ventures of $4,445 and $8,311 for the three and nine months ended September 30, 2019 , respectively. 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 Condominium 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 $2,700 and $10,174 , of which $2,113 and $8,467 were attributed to the Company for the three and nine months ended September 30, 2018 , respectively. Investment in Real Estate Ventures Entered into during 2019: In February 2019, New Valley invested $500 for an approximate 37.0% interest in 352 6th, LLC. The joint venture plans to develop a condominium complex. The venture is a variable interest entity; however, New Valley is not the primary beneficiary. New Valley accounts for this investment under the equity method of accounting. New Valley's maximum exposure to loss as a result of its investment in 352 6th, LLC was $529 at September 30, 2019 . In April 2019, New Valley invested $10,018 for an approximate 17.0% interest in Meatpacking Plaza. The joint venture plans to construct a mixed use development. The venture is a variable interest entity; however, New Valley is not the primary beneficiary. New Valley accounts for this investment under the equity method of accounting. New Valley's maximum exposure to loss as a result of its investment in Meatpacking Plaza was $10,487 at September 30, 2019 . Also in April 2019, New Valley invested $5,000 for an approximate 5.5% interest in 9 DeKalb. The joint venture plans to develop a mixed use development. The venture is a variable interest entity; however, New Valley is not the primary beneficiary. New Valley accounts for this investment under the equity method of accounting. New Valley's maximum exposure to loss as a result of its investment in 9 DeKalb was $5,234 at September 30, 2019 . In September 2019, New Valley invested $14,000 for an approximate 38.9% interest in The Park on Fifth (500 Alton Rd). The joint venture plans to construct a mixed use development. The venture is a variable interest entity; however, New Valley is not the primary beneficiary. New Valley accounts for this investment under the equity method of accounting. New Valley's maximum exposure to loss as a result of its investment in The Park on Fifth (500 Alton Rd) was $14,000 at September 30, 2019 . 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 $976 and $1,387 as of September 30, 2019 and December 31, 2018 , respectively. Those assets are owned by the VIEs, not the Company. Neither of the two consolidated VIEs had recourse liabilities as of September 30, 2019 and December 31, 2018 . 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 VIEs 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, 2019 Condominium and Mixed Use Development: New York City SMSA $ 90,143 All other U.S. areas 60,591 150,734 Hotels: New York City SMSA 2,513 International 2,405 4,918 Commercial: New York City SMSA 1,968 All other U.S. areas 7,468 9,436 Other: 26,535 Total maximum exposure to loss $ 191,623 New Valley capitalized $1,703 and $4,706 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, 2019 . New Valley capitalized $2,246 and $6,549 of interest costs into the carrying value of its venture whose projects were currently under development for the three and nine months ended September 30, 2018 . 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 $15,394 and $16,603 from these projects for the nine months ended September 30, 2019 and 2018 , respectively. On November 1, 2019, Douglas Elliman sold its 50% interest in Innova Risk Management, an insurance brokerage company. Douglas Elliman received $8,732 in cash in November 2019 and may receive an additional $1,000 in a potential earn out over a period of two years . 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 125 Greenwich Street investment. New Valley has elected a one-month lag reporting period for the investment. Condominium and Mixed Use Development: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Income Statement Revenue $ 1 $ 6 $ 4 $ 27 Other expenses 495 745 3,250 145,223 Loss from continuing operations $ (494 ) $ (739 ) $ (3,246 ) $ (145,196 ) Investments in Real Estate, net: The components of “Investments in real estate, net” were as follows: September 30, December 31, Escena, net $ 10,049 $ 10,170 Sagaponack 17,960 16,050 Investments in real estate, net $ 28,009 $ 26,220 Escena. The assets of “Escena, net” were as follows: September 30, December 31, Land and land improvements $ 8,910 $ 8,910 Building and building improvements 1,926 1,900 Other 1,680 2,162 12,516 12,972 Less accumulated depreciation (2,467 ) (2,802 ) $ 10,049 $ 10,170 New Valley recorded operating losses of $965 and $918 for the three months ended September 30, 2019 and 2018 , respectively, from Escena. New Valley recorded operating losses of $633 and $408 for the nine months ended September 30, 2019 and 2018 , 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, 2019 and December 31, 2018 , the assets of Sagaponack consisted of land and land improvements of $17,960 and $16,050 , respectively.

Notes Payable, Long-Term Debt a

Notes Payable, Long-Term Debt and Other Obligations	9 Months Ended
Notes Payable, Long-Term Debt and Other Obligations	Sep. 30, 2019
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 10.5% Senior Notes due 2026 325,000 325,000 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $0 and $3,359* — 226,641 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $13,107 and $29,465* 218,893 202,535 Liggett: Revolving credit facility 11,735 28,381 Term loan under credit facility 2,188 2,409 Equipment loans 446 1,039 Other 30,224 30,440 Notes payable, long-term debt and other obligations 1,438,486 1,666,445 Less: Debt issuance costs (20,378 ) (23,614 ) Total notes payable, long-term debt and other obligations 1,418,108 1,642,831 Less: Current maturities (239,867 ) (256,134 ) Amount due after one year $ 1,178,241 $ 1,386,697 ______________________ * The fair value of the derivatives embedded within the 7.5% Variable Interest Senior Convertible Notes ( $0 at September 30, 2019 and $6,635 at December 31, 2018 , respectively) and the 5.5% Variable Interest Senior Convertible Debentures ( $11,105 at September 30, 2019 and $24,789 at December 31, 2018 , 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, 2019 , 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 : As of September 30, 2019 , the Company was in compliance with all debt covenants related to its 10.5% Senior Notes due 2026. 7.5% Variable Interest Senior Convertible Notes due 2019 — Vector : In January 2019, the Company paid $230,000 of principal and $8,102 of accrued interest as full payment of its 7.5% Variable Interest Senior Convertible Notes that matured on January 15, 2019. 5.5% Variable Interest Senior Convertible Debentures due 2020 — Vector : As of September 30, 2019 , the Company was in compliance with all debt covenants related to its 5.5% Variable Interest Senior Convertible Debentures due 2020. The conversion price for the 5.5% Variable Interest Senior Convertible Debentures due 2020 was $20.27 as of September 30, 2019 and December 31, 2018 , respectively. The number of shares into which each $1,000 of principal amount would be convertible was 49.3363 as of September 30, 2019 and December 31, 2018 , respectively. Revolving Credit Facility and Term Loan Under Credit Facility — Liggett : As of September 30, 2019 , a total of $13,923 was outstanding under the revolving and term loan portions of the credit facility. The total outstanding balance under the revolving and term loan portions of the credit facility was classified as current debt as of September 30, 2019 . Availability, as determined under the facility, was approximately $45,200 based on eligible collateral at September 30, 2019 . As of September 30, 2019 , the Company’s applicable subsidiaries were in compliance with all debt covenants under this revolving and term loan facility. On October 31, 2019, the Company’s applicable subsidiaries amended the credit facility to, among other things, (i) extend its maturity to January 31, 2025, (ii) update the borrowing base, and (iii) reflect the repayment in full of the term loan facility. Accordingly, the term loan portion of the credit facility no longer exists. As of November 1, 2019, $60,000 was available for borrowing under the Credit Agreement. Non-Cash Interest Expense — Vector : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Amortization of debt discount, net $ 5,746 $ 22,871 $ 19,718 $ 61,450 Amortization of debt issuance costs 1,089 3,158 3,327 8,783 $ 6,835 $ 26,029 $ 23,045 $ 70,233 Fair Value of Notes Payable and Long-Term Debt : September 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Value Value Value Value Senior Notes $ 1,175,000 $ 1,145,375 $ 1,175,000 $ 1,034,500 Variable Interest Senior Convertible Debt 218,893 241,136 429,176 468,704 Liggett and other 44,593 44,605 62,269 62,255 Notes payable and long-term debt $ 1,438,486 (1) $ 1,431,116 $ 1,666,445 (1) $ 1,565,459 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 12 . 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 12 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, 2019

Contingencies

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2019
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, 2019 and 2018 , Liggett incurred tobacco product liability legal expenses and costs totaling $5,627 and $5,256 , 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, 2019 , 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 9 : (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. Although Liggett has generally been successful in managing the litigation filed against it, 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. 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. Individual Actions As of September 30, 2019 , there were 40 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 25 Illinois 7 Louisiana 2 New York 2 West Virginia 2 Nevada 1 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 In May 1994, the Engle case was filed as a class action 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.” A trial was held and the jury returned a verdict adverse to the defendants (approximately $145,000,000 in punitive damages, including $790,000 against Liggett). Following an appeal to the Third District Court of Appeal, the Florida Supreme Court in July 2006 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 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. 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, 2019 , 25 Engle progeny cases where Liggett was a defendant at trial resulted in verdicts. There have been 16 verdicts returned in favor of the plaintiffs and nine in favor of Liggett. In five of the cases, punitive damages were awarded against Liggett. Several of the adverse verdicts were overturned on appeal and new trials were ordered. In certain cases, the 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. Except as discussed in this Note 9, 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. Engle Progeny Settlements. In October 2013, the Company and Liggett entered into a settlement with approximately 4,900 Engle progeny plaintiffs and their counsel. Pursuant to the terms of the settlement, Liggett agreed to pay a total of approximately $110,000 , with $61,600 paid in an initial lump sum and the balance of $48,000 to be paid in installments over 14 years starting in February 2015. In exchange, the claims of these plaintiffs were dismissed with prejudice against the Company and Liggett. 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 2016, the Company and Liggett entered into an agreement with 124 Engle progeny plaintiffs and their counsel. Pursuant to the terms of this settlement, Liggett agreed to pay $17,650 , $14,000 of which was paid in December 2016 with the balance paid in December 2017. As a result of this settlement, the Company recorded a charge of $17,650 in the fourth quarter of 2016. 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, 2019 , Liggett (and in certain cases the Company) had, on an individual basis, settled an additional 187 Engle progeny cases for approximately $7,700 in the aggregate. Notwithstanding the comprehensive nature of the Engle Progeny Settlements, 60 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 effect on the Company’s consolidated financial position, results of operations and cash flows. Judgments Paid in Engle Progeny Cases . As of September 30, 2019 , Liggett had 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 . An adverse verdict against Liggett for $160 in Santoro is currently on appeal. 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 sole defendant: Cowart , a Florida Individual Action and Cohn , an Engle progeny case. Cohn is set for trial in April 2020. 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 Actions. Class Actions As of September 30, 2019 , three actions were pending for which either a class had been certified or plaintiffs were seeking class certification where Liggett is a named defendant, although the West Virginia case, described below, has been settled, pending final documentation. Other cigarette manufacturers are also named in the two remaining cases. 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 claims arising from their exposure to cigarette smoke and asbestos fibers. The operative complaint seeks to recover unspecified compensatory and punitive damages on behalf of the putative class. The case is stayed as a result of 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 that trial. In May 2013, the jury rejected all but one of the plaintiffs’ claims against the non-Liggett defendants, 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. Subsequently, these claims were settled by the non-Liggett defendants. 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 June 2019, Liggett settled the litigation, subject to court approval. A hearing is scheduled in December 2019. Liggett accrued for this matter in the second quarter of 2019. Health Care Cost Recovery Actions As of September 30, 2019 , one Health Care Cost Recovery Action was pending against Liggett, Crow Creek Sioux Tribe v. American Tobacco Company , a South Dakota case filed in 1997, where the plaintiff seeks to recover damages from Liggett and other cigarette manufacturers based on various theories of recovery as a result of alleged sales of tobacco products to minors. The case is dormant. The claims asserted in health care cost recovery actions vary, but can include the equitable claim of indemnity, common law claims of negligence, strict liability, breach of express and implied warranty, breach of special duty, fraud, negligent misrepresentation, conspiracy, public nuisance, claims under state and federal statutes governing consumer fraud, antitrust, deceptive trade practices and false advertising, and claims under RICO. Although no specific damage amounts are typically pleaded, it is possible that requested damages might be in the billions of dollars. In these cases, plaintiffs typically assert equitable claims that the tobacco industry was “unjustly enriched” by their payment of health care costs allegedly attributable to smoking and seek reimbursement of those costs. Relief sought by some, but not all, plaintiffs include punitive damages, multiple damages and other statutory damages and penalties, injunctions prohibiting alleged marketing and sales to minors, disclosure of research, disgorgement of profits, funding of anti-smoking programs, additional disclosure of nicotine yields, and payment of attorney and expert witness fees. Department of Justice Lawsuit In September 1999, the United States government commenced litigation against Liggett and other cigarette manufacturers in the United States District Court for the District of Columbia. The action sought to recover, among other things, an unspecified amount of health care costs paid and to be paid by the federal government for smoking-related illnesses allegedly caused by the fraudulent and tortious conduct of defendants. In August 2006, the trial court entered a Final Judgment against each of the cigarette manufacturing defendants, except Liggett. The judgment was affirmed on appeal. As a result, the cigarette manufacturing defendants, other than Liggett, are now subject to the trial court’s Final Judgment which ordered, among other things, the issuance of “corrective statements” in various media regarding the adverse health effects of smoking, the addictiveness of smoking and nicotine, the lack of any significant health benefit from smoking “low tar” or “lights” cigarettes, defendants’ manipulation of cigarette design to ensure optimum nicotine delivery and the adverse health effects of exposure to environmental tobacco smoke. Upcoming Trials As of September 30, 2019 , there were two Individual Actions and three Engle Progeny cases scheduled for trial through September 30, 2020, where Liggett (and/or the Company) is a named defendant. Trial dates are subject to change and additional cases could be set for trial during this time. MSA and Other State Settlement Agreements In March 1996, March 1997 and March 1998, Liggett entered into settlements of smoking-related litigation with 45 states and territories. The settlements released Liggett from all smoking-related claims made by those states and territories, including claims for health care cost reimbursement and claims concerning sales of cigarettes to minors. In November 1998, Philip Morris, R.J. Reynolds and two other companies (the “Original Participating Manufacturers” or “OPMs”) and Liggett and Vector Tobacco (together with any other tobacco product manufacturer that becomes a signatory, the “Subsequent Participating Manufacturers” or “SPMs”) (the OPMs and SPMs are hereinafter referred to jointly as “PMs”) entered into the Master Settlement Agreement (the “MSA”) with 46 states, the District of Columbia, Puerto Rico, Guam, the United States Virgin Islands, American Samoa and the Northern Mariana Islands (collectively, the “Settling States”) to settle the asserted and unasserted health care cost recovery and certain other claims of the Settling States. The MSA received final judicial approval in each Settling State. As a result of the MSA, the Settling States released Liggett and Vector Tobacco from: • all claims of the Settling States and their respective political subdivisions and other recipients of state health care funds, relating to: (i) past conduct arising out of the use, sale, distribution, manufacture, development, advertising and marketing of tobacco products; (ii) the health effects of, the exposure to, or research, statements or warnings about, tobacco products; and • all monetary claims of the Settling States and their respective subdivisions and other recipients of state health care funds relating to future conduct arising out of the use of, or exposure to, tobacco products that have been manufactured in the ordinary course of business. The MSA restricts tobacco product advertising and marketing within the Settling States and otherwise restricts the activities of PMs. Among other things, the MSA prohibits the targeting of youth in the advertising, promotion or marketing of tobacco products; bans the use of cartoon characters in all tobacco advertising and promotion; limits each PM to one tobacco brand name sponsorship during any 12 -month period; bans all outdoor advertising, with certain limited exceptions; prohibits payments for tobacco product placement in various media; bans gift offers based on the purchase of tobacco products without sufficient proof that the intended recipient is an adult; prohibits PMs from licensing third parties to advertise tobacco brand names in any manner prohibited under the MSA; and prohibits PMs from using as a tobacco product brand name any nationally recognized non-tobacco brand or trade name or the names of sports teams, entertainment groups or individual celebrities. The MSA also requires PMs to affirm corporate principles to comply with the MSA and to reduce underage use of tobacco products and imposes restrictions on lobbying activities conducted on behalf of PMs. In addition, the MSA provides for the appointment of an independent auditor to calculate and determine the amounts of payments owed pursuant to the MSA. Under the payment provisions of the MSA, PMs are required to make annual payments of $9,000,000 (subject to applicable adjustments, offsets and reductions including a “Non-Participating Manufacturers Adjustment” or “NPM Adjustment”). These annual payments are allocated based on unit volume of domestic cigarette shipments. The payment obligations under the MSA are the several, and not joint, obligation of each PM and are not the responsibility of any parent or affiliate of a PM. Liggett has no payment obligations under the MSA except to the extent its market share exceeds a market share exemption of approximately 1.65% of total cigarettes sold in the United States. Vector Tobacco has no payment obligations under the MSA except to the extent its market share exceeds a market share exemption of approximately 0.28% of total cigarettes sold in the United States. Liggett and Vector Tobacco’s domestic shipments accounted for 4.0% of the total cigarettes sold in the United States in 2018. If Liggett’s or Vector Tobacco’s market share exceeds their respective market share exemption in a given year, then on April 15 of the following year, Liggett and/or Vector Tobacco, as the case may be, must pay on each excess unit an amount equal (on a per-unit basis) to that due from the OPMs for that year. On December 28, 2018, Liggett and Vector Tobacco pre-paid $132,500 of their approximate $166,000 2018 MSA obligation, the balance of which was paid in April 2019, subject to applicable disputes or adjustments. Certain MSA Disputes NPM Adjustment. Liggett and Vector Tobacco contend that they are entitled to an NPM Adjustment for each year from 2003 - 2018. The NPM Adjustment is a potential adjustment to annual MSA payments, available when PMs suffer a market share loss to NPMs for a particular year and an economic consulting firm selected pursuant to the MSA determines (or the parties agree) that the MSA was a “significant factor contributing to” that loss. A Settling State that has “diligently enforced” its qualifying escrow statute in the year in question may be able to avoid its allocable share of the NPM Adjustment. For 2003 - 2018, Liggett and Vector Tobacco, as applicable, disputed that they owed the Settling States the NPM Adjustments as calculated by the independent auditor. As permitted by the MSA, Liggett and Vector Tobacco either paid subject to dispute, withheld payment, or paid into a disputed payment account, the amounts associated with these NPM Adjustments. In June 2010, after the PMs prevailed in 48 of 49 motions to compel arbitration, the parties commenced the arbitration for the 2003 NPM Adjustment. That arbitration concluded in September 2013. It was followed by various challenges filed in state courts by states that did not prevail in the arbitration. Those challenges resulted in reductions, but not elimination of, the amounts awarded. The PMs have now settled most of the disputed NPM Adjustment years with 37 states representing approximately 75% of the MSA share. In January 2019, Montana sent a demand letter to the PMs seeking the return of amounts withheld or paid into the disputed payments escrow account (plus interest) for the NPM Adjustment years 2005 - 2016. Any amounts purportedly due from Liggett to Montana are immaterial. The 2004 NPM Adjustment arbitration started in 2016 and separate court proceedings continue for states with which the PMs have not settled. As a result of the settlements and arbitration award described above, Liggett and Vector Tobacco reduced cost of sales in the aggregate by $32,840 for years 2013 - 2018. Liggett and Vector Tobacco may be entitled to further adjustments. As of September 30, 2019 , Liggett and Vector Tobacco had accrued approximately $13,400 related to the disputed amounts withheld from the non-settling states for 2004 - 2010, which may be subject to payment, with interest, if Liggett and Vector Tobacco lose the disputes for those years. As of September 30, 2019 , there remains approximately $36,300 in the disputed payments account relating to Liggett and Vector Tobacco’s 2011 - 2018 NPM Adjustment disputes with the non-settling states. If Liggett and Vector Tobacco lose the disputes for all or any of those years, pursuant to the MSA, no interest would be due on the amounts paid into the disputed payment account. Other State Settlements. The MSA replaced Liggett’s prior settlements with all states and territories except for Florida, Mississippi, Texas and Minnesota. Each of these four states, prior to the effective date of the MSA, negotiated and executed settlement agreements with each of the other major tobacco companies, separate from those settlements reached previously with Liggett. Except as described below, Liggett’s agreements with these states remain in full force and effect. These states’ settlement agreements with Liggett contained most favored nation provisions which could reduce Liggett’s payment obligations based on subsequent settlements or resolutions by those states with certain other tobacco companies. Beginning in 1999, Liggett determined that, based on settlements or resolutions with United States Tobacco Company, Liggett’s payment obligations to those four states were eliminated. With respect to all non-economic obligations under the previous settlements, Liggett believes it is entitled to the most favorable provisions as between the MSA and each state’s respective settlement with the other major tobacco companies. Therefore, Liggett’s non-economic obligations to all states and territories are now defined by the MSA. In 2003, as a result of a dispute with Minnesota regarding its settlement agreement, Liggett agreed to pay $100 a year in any year cigarettes manufactured by Liggett are sold in that state. Further, the Attorneys General for Florida, Mississippi and Texas advised Liggett that they believed Liggett had failed to make payments under the respective settlement agreements with those states. In 2010, Liggett settled with Florida and agreed to pay $1,200 and to make further annual payments of $250 for a period of 21 years, starting in March 2011, with the payments from year 12 forward being subject to an inflation adjustment. In January 2016, the Attorney General for Mississippi filed a motion in Chancery Court in Jackson County, Mississippi to enforce the March 1996 settlement agreement (the “1996 Agreement”) alleging that Liggett owes Mississippi at least $27,000 in compensatory damages and additional amounts for interest, punitive damages and attorneys’ fees. In April 2017, the Chancery Court ruled that the 1996 Agreement should be enforced and referred the matter to a Special Master for further proceedings to determine the amount of damages, if any, to be awarded. In June 2018, the Chancery Court granted Liggett’s motion to compel arbitration as to two issues concerning damages and stayed the proceedings before the Special Master pending completion of the arbitration. In March 2019, the arbitration panel issued its final arbitration award on the two issues before it: (i) the panel ruled in favor of Liggett, finding that the $294,000 of proceeds from Eve Holdings’ 1999 brand sale should not be included in Liggett’s pre-tax income; and (ii) ruled in favor of Mississippi on the remaining issue, finding that compensatory damages to Mississippi, if any, would be based on 0.5% of Liggett’s annual pre-tax income for the term of the settlement agreement. Following confirmation of the arbitration award, Mississippi voluntarily dismissed with prejudice its claims for punitive damages and attorneys’ fees. In July 2019, the parties stipulated that the unpaid principal (exclusive of interest) purportedly due from Liggett to Mississippi pursuant to the 1996 Agreement (from inception through 2019) is approximately $14,400 , subject to Liggett’s right to litigate and/or appeal the enforceability of the 1996 Agreement (

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2019
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, 2019 2018 2019 2018 2019 2018 2019 2018 Service cost — benefits earned during the period $ 133 $ 147 $ 400 $ 441 $ — $ 2 $ 1 $ 3 Interest cost on projected benefit obligation 1,215 1,124 3,645 3,370 87 82 260 246 Expected return on assets (1,218 ) (1,393 ) (3,655 ) (4,179 ) — — — — Amortization of prior service cost — — — — 1 — 3 — Amortization of net loss (gain) 500 451 1,502 1,354 (9 ) (10 ) (63 ) (30 ) Net expense $ 630 $ 329 $ 1,892 $ 986 $ 79 $ 74 $ 201 $ 219 The service cost component of net periodic benefit expense

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2019
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 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 permanent differences and state taxes. The Company’s income tax expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Income before provision for income taxes $ 49,744 $ 29,714 $ 128,292 $ 67,082 Income tax expense using estimated annual effective income tax rate 14,844 15,194 38,378 33,809 Changes in effective tax rates (785 ) 1,895 — — Change in estimate for the impact of Tax Cuts and Jobs Act of 2017 — (162 ) — (1,971 ) Impact of discrete items, net (323 ) (2,241 ) (434 ) (2,444 ) Income tax expense $ 13,736 $ 14,686 $ 37,944 $ 29,394 The discrete items for the three and nine months ended September 30, 2019 are related to the release of certain valuation allowances offset by tax expense related to state tax audits and stock-based compensation. The discrete items for the three and 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 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.

Investments and Fair Value Meas

Investments and Fair Value Measurements	9 Months Ended
Investments and Fair Value Measurements	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	INVESTMENTS AND FAIR VALUE MEASUREMENTS The Company’s financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of September 30, 2019 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 255,579 $ 255,579 $ — $ — Commercial paper (1) 39,011 — 39,011 — Certificates of deposit (2) 2,186 — 2,186 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 23,909 23,909 — — Mutual funds invested in fixed-income securities 22,214 22,214 — — Total equity securities at fair value 46,123 46,123 — — Debt securities available for sale U.S. government securities 17,543 — 17,543 — Corporate securities 50,159 — 50,159 — U.S. government and federal agency 10,361 — 10,361 — Commercial mortgage-backed securities 388 — 388 — Commercial paper 13,934 — 13,934 — Index-linked U.S. bonds 1,174 — 1,174 — Foreign fixed-income securities 1,008 — 1,008 — Total debt securities available for sale 94,567 — 94,567 — Total investment securities at fair value 140,690 46,123 94,567 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient (3) 52,384 — — — Total $ 490,385 $ 302,237 $ 135,764 $ — Liabilities: Fair value of contingent liability $ 5,204 $ — $ — $ 5,204 Fair value of derivatives embedded within convertible debt 11,105 — — 11,105 Total $ 16,309 $ — $ — $ 16,309 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $3,660 that is included in Other current assets and $3,910 that is included in Other assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheet. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. Fair Value Measurements as of December 31, 2018 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 448,560 $ 448,560 $ — $ — Commercial paper (1) 46,062 — 46,062 — Certificates of deposit (2) 2,251 — 2,251 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 26,010 26,010 — — Mutual funds invested in fixed-income securities 21,192 21,192 — — Total equity securities at fair value 47,202 47,202 — — Debt securities available for sale U.S. government securities 28,514 — 28,514 — Corporate securities 41,733 — 41,733 — U.S. government and federal agency 4,369 — 4,369 — Commercial mortgage-backed securities 401 — 401 — Commercial paper 5,870 — 5,870 — Index-linked U.S. bonds 2,330 — 2,330 — Foreign fixed-income securities 1,150 — 1,150 — Total debt securities available for sale 84,367 — 84,367 — Total investment securities at fair value 131,569 47,202 84,367 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient (3) 54,628 — — — Total $ 683,605 $ 496,297 $ 132,680 $ — Liabilities: Fair value of contingent liability $ 6,304 $ — $ — $ 6,304 Fair value of derivatives embedded within convertible debt 31,424 — — 31,424 Total $ 37,728 $ — $ — $ 37,728 (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 non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheet. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. 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 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. In accordance with Subtopic 820-10, these investments are not classified under the fair value hierarchy disclosed above because they are measured at fair value using the NAV practical expedient. 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 fair value of the Level 3 contingent liability was derived using a Monte Carlo valuation model. As part of the acquisition of the 29.41% non-controlling interest in Douglas Elliman, New Valley entered into a four-year payout agreement that requires it to pay the sellers a portion of the fair value in excess of the purchase price of Douglas Elliman should a sale of a controlling interest in Douglas Elliman occur. The contingent liability is recorded within “ Other liabilities ” in the condensed consolidated balance sheet, and any change in fair value will be recorded in “ Other, net ” within the condensed consolidated statements of operations. The value of the contingent liability is calculated using the outstanding payable owed to the sellers and the estimated fair value of Douglas Elliman. The liability is contingent upon the sale of a controlling interest in Douglas Elliman by the Company prior to October 1, 2022. The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at September 30, 2019 : 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 $ 11,105 Discounted cash flow Assumed annual stock dividend 5 % Assumed remaining cash dividends - Q4 2019 and Q1 2020 $0.40/$0.20 Stock price $ 11.91 Convertible trading price (as a percentage of par value) 103.94 % Volatility 42.25 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 1.70% - 3.70% (2.70%) Fair value of contingent liability $ 5,204 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 320,000 Risk-free rate for a 3.25 year term 1.54 % Leverage-adjusted equity volatility of peer firms 33.91 % The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2018 : 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 $ 31,424 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 9.73 Convertible trading price (as a percentage of par value) 100.31 % Volatility 20.39 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 8.0% - 9.0% (8.5%) Fair value of contingent liability $ 6,304 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 320,000 Risk-free rate for a 4-year term 2.45 % Leverage-adjusted equity volatility of peer firms 30.22 % In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record assets and liabilities at fair value on a nonrecurring basis. Generally, assets and liabilities are recorded at fair value on a nonrecurring basis as a result of impairment charges. The Company had no nonrecurring nonfinancial assets subject to fair value measurements as of September 30, 2019 and 2018 , respectively.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company’s business segments for the three and nine months ended September 30, 2019 and 2018 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. Financial information for the Company’s operations before taxes and non-controlling interests for the three and nine months ended September 30, 2019 and 2018 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended September 30, 2019 Revenues $ 303,260 $ 201,530 $ — $ 504,790 Operating income (loss) 72,799 (1) 628 (6,707 ) 66,720 Equity in earnings from real estate ventures — 8,050 — 8,050 Depreciation and amortization 1,941 2,240 249 4,430 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 Nine months ended September 30, 2019 Revenues $ 854,517 $ 609,629 $ — $ 1,464,146 Operating income (loss) 201,594 (2) 4,672 (20,712 ) 185,554 Equity in earnings from real estate ventures — 12,002 — 12,002 Depreciation and amortization 5,848 6,765 749 13,362 Capital expenditures 3,425 6,733 — 10,158 Nine months ended September 30, 2018 Revenues $ 843,958 $ 580,365 $ — $ 1,424,323 Operating income (loss) 189,185 (3) 6,222 (4) (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 (1) Operating income includes $240 of litigation settlement and judgment expense. (2) Operating income includes $895 of litigation settlement and judgment expense. (3) Operating income includes $6,298 of income from a settlement of a long-standing dispute related to the Master Settlement Agreement, and $525 of litigation settlement and judgment expense. (4) Operating income includes $2,469 of litigation settlement and judgment income.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
Condensed Consolidating Financial Information	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Information	CONDENSED CONSOLIDATING FINANCIAL INFORMATION The condensed consolidating financial information is based upon the following subsidiaries being subsidiary guarantors of unsecured debt securities that may be issued by the Company: VGR Holding LLC; Liggett Group LLC; Liggett Vector Brands LLC; Vector Research LLC; Vector Tobacco Inc.; Liggett & Myers Holdings Inc.; 100 Maple LLC; V.T. Aviation LLC; VGR Aviation LLC; Eve Holdings LLC; Zoom E-Cigs LLC; and DER Holdings LLC. 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 Company’s investments in its consolidated subsidiaries are presented under the equity method of accounting. The Company and the guarantors have filed a shelf registration statement for the offering of debt securities on a delayed or continuous basis and the Company is including this condensed consolidating financial information in connection therewith. Any such debt securities may be issued by the Company and guaranteed by the guarantors, but any such debt securities would not be guaranteed by any of the Company’s other subsidiaries, including those subsidiaries other than DER Holdings LLC that are engaged in the real estate businesses conducted through its subsidiary, New Valley. Presented herein are Condensed Consolidating Balance Sheets as of September 30, 2019 and 2018 , the related Condensed Consolidating Statements of Operations for the three and nine months ended September 30, 2019 and 2018 , and the related Condensed Consolidating Statements of Cash Flows for the three and nine months ended September 30, 2019 and 2018 of Vector Group Ltd. (Parent/Issuer), the guarantor subsidiaries (Subsidiary Guarantors) and the subsidiaries that are not guarantors (Subsidiary Non-Guarantors). CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 131,517 $ 108,713 $ 79,068 $ — $ 319,298 Investment securities at fair value 140,690 — — — 140,690 Accounts receivable - trade, net — 17,916 24,737 — 42,653 Intercompany receivables 43,701 — — (43,701 ) — Inventories — 99,179 — — 99,179 Income taxes receivable, net — — 128 (128 ) — Other current assets 650 7,069 24,829 — 32,548 Total current assets 316,558 232,877 128,762 (43,829 ) 634,368 Property, plant and equipment, net 343 35,217 48,372 — 83,932 Investments in real estate, net — — 28,009 — 28,009 Long-term investments (of which $52,384 were carried at fair value) 66,915 — — — 66,915 Investments in real estate ventures — — 159,569 — 159,569 Operating lease right of use assets 7,358 4,933 136,096 — 148,387 Investments in consolidated subsidiaries 450,973 247,222 — (698,195 ) — Goodwill and other intangible assets, net — 107,511 158,523 — 266,034 Other assets 14,948 39,453 45,566 (497 ) 99,470 Total assets $ 857,095 $ 667,213 $ 704,897 $ (742,521 ) $ 1,486,684 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 217,894 $ 21,774 $ 7,699 $ (7,500 ) $ 239,867 Current portion of fair value of derivatives embedded within convertible debt 11,105 — — — 11,105 Intercompany payables — 259 43,442 (43,701 ) — Income taxes payable, net 25,064 4,491 — (128 ) 29,427 Current payments due under the Master Settlement Agreement — 132,377 — — 132,377 Current operating lease liability 693 1,949 16,702 — 19,344 Other current liabilities 40,861 74,776 59,758 (673 ) 174,722 Total current liabilities 295,617 235,626 127,601 (52,002 ) 606,842 Notes payable, long-term debt and other obligations, less current portion 1,155,622 22,594 22,525 (22,500 ) 1,178,241 Non-current employee benefits 47,124 15,436 — — 62,560 Deferred income taxes, net (19,991 ) 22,048 32,321 — 34,378 Non-current operating lease liability 7,625 3,579 143,050 — 154,254 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 259 42,537 41,490 (5,204 ) 79,082 Total liabilities 1,486,256 341,820 366,987 (79,706 ) 2,115,357 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (629,161 ) 325,393 337,422 (662,815 ) (629,161 ) Non-controlling interest — — 488 — 488 Total stockholders' (deficiency) equity (629,161 ) 325,393 337,910 (662,815 ) (628,673 ) Total liabilities and stockholders' deficiency $ 857,095 $ 667,213 $ 704,897 $ (742,521 ) $ 1,486,684 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 474,880 $ 23,308 $ 86,393 $ — $ 584,581 Investment securities at fair value 131,569 — — — 131,569 Accounts receivable - trade, net — 15,440 18,806 — 34,246 Intercompany receivables 38,391 — — (38,391 ) — Inventories — 90,997 — — 90,997 Income taxes receivable, net — — 1,268 (1,268 ) — Other current assets 1,500 7,599 21,729 — 30,828 Total current assets 646,340 137,344 128,196 (39,659 ) 872,221 Property, plant and equipment, net 506 38,562 47,668 — 86,736 Investments in real estate, net — — 26,220 — 26,220 Long-term investments (of which $54,628 were carried at fair value) 66,259 — — — 66,259 Investments in real estate ventures — — 141,105 — 141,105 Investments in consolidated subsidiaries 431,288 252,113 — (683,401 ) — Goodwill and other intangible assets, net — 107,511 159,100 — 266,611 Other assets 14,616 38,154 37,582 — 90,352 Total assets $ 1,159,009 $ 573,684 $ 539,871 $ (723,060 ) $ 1,549,504 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 226,343 $ 29,480 $ 311 $ — $ 256,134 Current portion of fair value of derivatives embedded within convertible debt 6,635 — — — 6,635 Current portion of employee benefits — — — — — Intercompany payables — 479 37,912 (38,391 ) — Income taxes payable, net 5,257 1,263 — (1,268 ) 5,252 Current payments due under the Master Settlement Agreement — 36,561 — — 36,561 Other current liabilities 55,915 73,279 51,144 — 180,338 Total current liabilities 294,150 141,062 89,367 (39,659 ) 484,920 Notes payable, long-term debt and other obligations, less current portion 1,354,219 2,349 30,129 — 1,386,697 Fair value of derivatives embedded within convertible debt 24,789 — — — 24,789 Non-current employee benefits 45,615 15,673 — — 61,288 Deferred income taxes, net (13,084 ) 17,732 32,763 — 37,411 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 1,379 38,179 62,207 — 101,765 Total liabilities 1,707,068 214,995 214,466 (39,659 ) 2,096,870 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (548,059 ) 358,689 324,712 (683,401 ) (548,059 ) Non-controlling interest — — 693 — 693 Total stockholders' (deficiency) equity (548,059 ) 358,689 325,405 (683,401 ) (547,366 ) Total liabilities and stockholders' deficiency $ 1,159,009 $ 573,684 $ 539,871 $ (723,060 ) $ 1,549,504 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 303,379 $ 201,530 $ (119 ) $ 504,790 Expenses: Cost of sales — 209,192 136,264 — 345,456 Operating, selling, administrative and general expenses 9,490 18,376 64,627 (119 ) 92,374 Litigation settlement and judgment expense — 240 — — 240 Management fee expense — 2,993 — (2,993 ) — Operating (loss) income (9,490 ) 72,578 639 2,993 66,720 Other income (expenses): Interest expense (32,023 ) (937 ) (228 ) 225 (32,963 ) Change in fair value of derivatives embedded within convertible debt 6,182 — — — 6,182 Equity in earnings from real estate ventures — — 8,050 — 8,050 Equity in earnings in consolidated subsidiaries 61,483 1,893 — (63,376 ) — Management fee income 2,993 — — (2,993 ) — Other, net (655 ) 1,702 1,808 (1,100 ) 1,755 Income before provision for income taxes 28,490 75,236 10,269 (64,251 ) 49,744 Income tax benefit (expense) 7,518 (18,231 ) (3,023 ) — (13,736 ) Net income 36,008 57,005 7,246 (64,251 ) 36,008 Net loss attributed to non-controlling interest — — — — — Net income attributed to Vector Group Ltd. $ 36,008 $ 57,005 $ 7,246 $ (64,251 ) $ 36,008 Comprehensive loss attributed to non-controlling interest $ — $ — $ — $ — $ — Comprehensive income attributed to Vector Group Ltd. $ 36,352 $ 57,240 $ 7,246 $ (64,486 ) $ 36,352 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 in consolidated subsidiaries 50,102 — — (50,102 ) — Management fee income 2,878 — — (2,878 ) — Other, net 5,079 (940 ) 342 — 4,481 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 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 854,875 $ 609,629 $ (358 ) $ 1,464,146 Expenses: Cost of sales — 590,956 408,694 — 999,650 Operating, selling, administrative and general expenses 28,836 53,234 196,335 (358 ) 278,047 Litigation settlement and judgment expense — 895 — — 895 Management fee expense — 8,978 — (8,978 ) — Operating (loss) income (28,836 ) 200,812 4,600 8,978 185,554 Other income (expenses): Interest expense (100,277 ) (2,947 ) (685 ) 673 (103,236 ) Change in fair value of derivatives embedded within convertible debt 20,319 — — — 20,319 Equity in earnings from real estate ventures — — 12,002 — 12,002 Equity in earnings in consolidated subsidiaries 162,911 6,617 — (169,528 ) — Management fee income 8,978 — — (8,978 ) — Other, net 9,307 2,302 3,144 (1,100 ) 13,653 Income before provision for income taxes 72,402 206,784 19,061 (169,955 ) 128,292 Income tax benefit (expense) 17,866 (50,297 ) (5,513 ) — (37,944 ) Net income 90,268 156,487 13,548 (169,955 ) 90,348 Net income attributed to non-controlling interest — — (80 ) — (80 ) Net income attributed to Vector Group Ltd. $ 90,268 $ 156,487 $ 13,468 $ (169,955 ) $ 90,268 Comprehensive income attributed to non-controlling interest $ — $ — $ (80 ) $ — $ (80 ) Comprehensive income attributed to Vector Group Ltd. $ 91,798 $ 157,191 $ 13,468 $ (170,659 ) $ 91,798 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS 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 in consolidated subsidiaries 136,615 — (136,615 ) — Management fee income 8,632 — — (8,632 ) — Other, net 13,899 (1,259 ) 1,020 — 13,660 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 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 122,305 $ 259,426 $ 8,623 $ (195,005 ) $ 195,349 Cash flows from investing activities: Sale of investment securities 16,186 — — — 16,186 Maturities of investment securities 45,798 — — — 45,798 Purchase of investment securities (76,094 ) — — — (76,094 ) Purchase of long-term investments — — (1,000 ) — (1,000 ) Investments in real estate ventures — — (36,269 ) — (36,269 ) Purchase of subsidiaries — — (323 ) — (323 ) Distributions from investments in real estate ventures — — 30,934 — 30,934 Increase in cash surrender value of life insurance policies (311 ) (462 ) — — (773 ) (Increase) decrease in restricted assets (22 ) 683 — — 661 Investments in subsidiaries (42,604 ) — — 42,604 — Proceeds from sale of fixed assets — 8 9 — 17 Capital expenditures — (3,425 ) (6,733 ) — (10,158 ) Pay downs of investment securities 828 — — — 828 Investments in real estate, net — — (1,910 ) — (1,910 ) Net cash used in investing activities (56,219 ) (3,196 ) (15,292 ) 42,604 (32,103 ) Cash flows from financing activities: Deferred financing costs — (36 ) — — (36 ) Repayments of debt (230,000 ) (720 ) (154 ) — (230,874 ) Borrowings under revolver — 204,506 — — 204,506 Repayments on revolver — (221,373 ) — — (221,373 ) Capital contributions received — 675 41,929 (42,604 ) — Intercompany dividends paid — (153,868 ) (41,137 ) 195,005 — Dividends and distributions on common stock (179,449 ) — — — (179,449 ) Distributions to non-controlling interest — — (285 ) — (285 ) Proceeds from issuance of Vector common stock — — — — — Proceeds from exercise of Vector options — — — — — Tax benefit of options exercised — — — — — Other — — (46 ) — (46 ) Net cash (used in) provided by financing activities (409,449 ) (170,816 ) 307 152,401 (427,557 ) Net (decrease) increase in cash, cash equivalents and restricted cash (343,363 ) 85,414 (6,362 ) — (264,311 ) Cash, cash equivalents and restricted cash, beginning of period 474,880 23,849 93,000 — 591,729 Cash, cash equivalents and restricted cash, end of period $ 131,517 $ 109,263 $ 86,638 $ — $ 327,418 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 ) Investments in real estate, net — — (1,495 ) — (1,495 ) Purchase of subsidiaries — — (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 Repayments of notes receivable 20,000 — 67 (20,000 ) 67 Pay downs of investment securities 1,293 — — — 1,293 Investments in subsidiaries (8,103 ) — — 8,103 — Capital expenditures (15 ) (4,175 ) (8,356 ) — (12,546 ) 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2019
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. Liggett and Vector Tobacco are engaged in the manufacture and sale of cigarettes in the United States. Liggett Vector Brands coordinates Liggett and Vector Tobacco’s sales and marketing efforts. Certain references to “Liggett” refer to the Company’s tobacco operations, including the business of Liggett and Vector Tobacco, unless otherwise specified. New Valley is engaged in the real estate business.
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, 2018 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.
Distributions and Dividends on Common Stock	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.
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 distributed to Company stockholders on September 27, 2019 . All per share amounts and references to share amounts have been updated to reflect the retrospective effect of the stock dividend.
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 (a) entities in which the equity investment at risk is not sufficient to finance its activities without additional subordinated financial support; (b) as a group, the equity investors at risk lack (1) the power to direct the activities of a legal entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, or (3) the right to receive the expected residual returns of the entity; or (c) as a group, the equity investors 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 non-current 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 2019 : 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 were applicable immediately while others were effective for the Company’s fiscal year beginning January 1, 2019. Adoption of this update did not have a material impact 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. The Company adopted ASU 2018-02 effective January 1, 2019. The reclassification from the adoption of this standard resulted in a decrease of $4,697 to accumulated deficit and an increase of $4,697 to accumulated other comprehensive loss. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”), which provides guidance for accounting for leases. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. Accounting for lessors remains largely unchanged from current U.S. GAAP. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases and ASU 2018-11 “Leases (Topic 842): Targeted Improvements” (ASU 2018-11). ASU 2018-10 clarifies certain areas within ASU 2016-02. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 allows entities an additional transition method to the existing requirements whereby an entity could adopt the provisions of ASU 2016-02 by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. ASU 2018-11 also allows a practical expedient that permits lessors to not separate non-lease components from the associated lease component if certain conditions are present. In December 2018, the FASB also issued ASU 2018-20, Leases (Topic 842): Narrow-Scope Improvements for Lessors, which requires lessors to exclude lessor costs paid directly to a third party by lessees from lease revenues and expenses, provides an election for lessors to exclude sales taxes and other similar taxes collected from lessees from consideration in the contract, and clarifies lessors accounting for variable payments related to lease and nonlease components. ASU 2016-02, ASU 2018-10, ASU 2018-11 and ASU 2018-20 was effective for the Company’s fiscal year beginning January 1, 2019 and subsequent interim periods. On January 1, 2019, the Company adopted ASU No. 2016-02- Leases (Topic 842) applying the modified retrospective method and the option presented under ASU 2018-11 to transition only active leases as of January 1, 2019 with a cumulative effect adjustment as of that date. See Note 3 - Leases, for additional accounting policy and transition disclosures. ASUs to be adopted in future periods: In October 2018, the FASB issued ASU No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. The guidance requires indirect interests held through related parties under common control arrangements be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of the new guidance on our condensed consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16” ) , which amends ASC 815, Derivatives and Hedging. This ASU adds the OIS rate based on SOFR to the list of permissible benchmark rates for hedge accounting purposes. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Adoption of ASU 2018-16 will be on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company is currently assessing the impact the adoption of ASU 2018-16 will have on the Company’s condensed consolidated financial statements. 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 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 impact financial statement disclosure with no impact on operating results. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), sets forth a current expected credit loss model that changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact the adoption of ASU 2016-13 will have on the Company’s condensed consolidated financial statements. Revenue Recognition Accounting Pronouncement Adoption On January 1, 2018, the Company adopted Topic 606 applying the modified retrospective method. The following practical expedients and optional disclosure exemptions available under Topic 606 have been applied: 1. 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. 2. 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.
Revenue Recognition	Revenue Recognition Policies Revenue is measured based on a consideration specified in a contract with a customer less 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: Revenue from cigarette sales, which include federal excise taxes billed to customers, is 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 a liability 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 liability 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: Real estate commissions and other payments earned by the Company’s real estate brokerage businesses are recognized as revenue when 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 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. 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. Under development marketing service arrangements, dedicated staff are required for a subject property and these costs are typically reimbursed from the customer through advance payments that 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 at the time of the completed sale of each unit. 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 in the subject property and expensing these costs as each unit sold is closed over the contract. Commission 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. 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. 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 is completed, which is when the performance obligation is satisfied.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2019
Accounting Policies [Abstract]
Net income for purposes of determining basic and diluted EPS	Net income for purposes of determining basic EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net income attributed to Vector Group Ltd. $ 36,008 $ 12,002 $ 90,268 $ 37,031 Income attributed to participating securities (2,023 ) (1,722 ) (6,052 ) (5,186 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 33,985 $ 10,280 $ 84,216 $ 31,845 Net income for purposes of determining diluted EPS was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net income attributed to Vector Group Ltd. $ 36,008 $ 12,002 $ 90,268 $ 37,031 Income attributable to 7.5% Variable Interest Senior Convertible Notes — — (1,246 ) — Income attributed to participating securities (2,023 ) (1,722 ) (6,052 ) (5,186 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 33,985 $ 10,280 $ 82,970 $ 31,845
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, 2019 2018 2019 2018 Weighted-average shares for basic EPS 146,703,766 146,461,283 146,562,252 146,327,788 Plus incremental shares related to convertible debt — — 961,191 — Plus incremental shares related to stock options and non-vested restricted stock 32,374 26,290 13,782 185,660 Weighted-average shares for diluted EPS 146,736,140 146,487,573 147,537,225 146,513,448
Outstanding shares not included in the computation of diluted EPS	The following non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the three and nine months ended September 30, 2019 and 2018 , but were not included in the computation of diluted EPS because the impact of the per share expense associated with the restricted stock were greater than the average market price of the common shares during the respective periods and the common shares issuable under the convertible debt were anti-dilutive to EPS. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Weighted-average shares of non-vested restricted stock 1,012,285 — 1,274,549 — Weighted-average expense per share $ 18.03 $ — $ 17.95 $ — Weighted-average number of shares issuable upon conversion of debt 11,447,061 30,260,606 11,447,061 30,260,606 Weighted-average conversion price $ 20.27 $ 16.15 $ 20.27 $ 16.15
Schedule of other income (loss), net	Other, net consisted of: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Interest and dividend income $ 3,083 $ 2,466 $ 9,430 $ 6,533 Equity in (losses) earnings from investments (468 ) 3,230 (791 ) 9,205 Net (losses) gains recognized on investment securities (1,487 ) (962 ) 5,601 (1,295 ) Net periodic benefit cost other than the service costs (576 ) (254 ) (1,692 ) (761 ) Other income (expense) 1,203 1 1,105 (22 ) Other, net $ 1,755 $ 4,481 $ 13,653 $ 13,660
Schedule of other assets	Other assets consisted of: September 30, 2019 December 31, 2018 Restricted assets $ 5,982 $ 6,306 Prepaid pension costs 24,800 23,869 Other assets 68,688 60,177 Total other assets $ 99,470 $ 90,352
Schedule of other current liabilities	Other current liabilities consisted of: September 30, 2019 December 31, 2018 Accounts payable $ 14,191 $ 13,144 Accrued promotional expenses 40,977 37,940 Accrued excise and payroll taxes payable, net 5,065 14,612 Accrued interest 28,116 38,673 Commissions payable 17,730 12,975 Accrued salary and benefits 25,518 30,228 Contract liabilities 7,416 — Allowance for sales returns 6,617 6,935 Other current liabilities 29,092 25,831 Total other current liabilities $ 174,722 $ 180,338
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 $ 78,008 $ 77,568 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 515 1,532 Total goodwill and other intangible assets, net $ 266,034 $ 266,611
Schedule of components of cash, cash equivalents and restricted cash	The components of “Cash, cash equivalents and restricted cash” in the Condensed Consolidated Statement of Cash Flows were as follows: September 30, December 31, Cash and cash equivalents $ 319,298 $ 584,581 Restricted cash and cash equivalents included in other current assets 3,660 2,697 Restricted cash and cash equivalents included in other assets 4,460 4,451 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows $ 327,418 $ 591,729

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
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, 2019 2018 2019 2018 Tobacco Segment Revenues: Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE $ 273,918 $ 274,405 $ 774,301 $ 764,306 Other Brands 29,342 27,604 80,216 79,652 Total tobacco revenues $ 303,260 $ 302,009 $ 854,517 $ 843,958 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, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 73,081 $ 47,066 $ 25,008 $ 27,770 $ 172,925 Development marketing 6,920 — 7,614 3,992 18,526 Property management revenue 8,484 184 — — 8,668 Title fees — 1,049 — — 1,049 Total Douglas Elliman revenue 88,485 48,299 32,622 31,762 201,168 Other real estate revenues — — — 362 362 Total real estate revenues $ 88,485 $ 48,299 $ 32,622 $ 32,124 $ 201,530 Three Months Ended September 30, 2018 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 79,192 $ 48,996 $ 22,491 $ 26,802 $ 177,481 Development marketing 16,187 — 8,088 402 24,677 Property management revenue 8,528 (381 ) — — 8,147 Title fees — 1,174 — — 1,174 Total Douglas Elliman revenue 103,907 49,789 30,579 27,204 211,479 Other real estate revenues — — — 381 381 Total real estate revenues $ 103,907 $ 49,789 $ 30,579 $ 27,585 $ 211,860 Nine Months Ended September 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 243,061 $ 118,057 $ 79,303 $ 77,952 $ 518,373 Development marketing 41,024 — 10,680 4,021 55,725 Property management revenue 26,699 538 — — 27,237 Title fees — 4,682 — — 4,682 Total Douglas Elliman revenue 310,784 123,277 89,983 81,973 606,017 Other real estate revenues — — — 3,612 3,612 Total real estate revenues $ 310,784 $ 123,277 $ 89,983 $ 85,585 $ 609,629 Nine Months Ended September 30, 2018 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission brokerage income $ 215,775 $ 124,902 $ 78,798 $ 76,313 $ 495,788 Development marketing 37,356 252 13,169 645 51,422 Property management revenue 25,226 — — 25,226 Title fees — 4,085 — — 4,085 Total Douglas Elliman revenue 278,357 129,239 91,967 76,958 576,521 Other real estate revenues — — — 3,844 3,844 Total real estate revenues $ 278,357 $ 129,239 $ 91,967 $ 80,802 $ 580,365
Contract Balances	The following table provides information about contracts assets and contract liabilities from development marketing and commercial leasing contracts with customers: September 30, 2019 January 1, 2019 Receivables, which are included in accounts receivable - trade, net $ 2,378 $ 2,050 Contract assets, net, which are included in other current assets 8,809 9,264 Payables, which are included in other current liabilities 1,311 1,082 Contract liabilities, which are included in other current liabilities 7,416 7,071 Contract assets, net, which are included in other assets 20,093 15,794 Contract liabilities, which are included in other liabilities 35,258 30,445

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2019
Leases [Abstract]
Lease Expense and Supplemental Cash Flow Information	The components of lease expense were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2019 Operating lease cost $ 9,707 $ 28,212 Short-term lease cost 397 910 Variable lease cost 715 2,405 Finance lease cost: Amortization 67 186 Interest on lease liabilities 5 12 Total lease cost $ 10,891 $ 31,725 Supplemental cash flow information related to leases was as follows: Nine Months Ended September 30, 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 28,023 Operating cash flows from finance leases 12 Financing cash flows from finance leases 182 Right-of-use assets obtained in exchange for lease obligations: Operating leases 32,511 Finance leases 159
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: September 30, 2019 Operating leases: Operating lease right-of-use assets $ 148,387 Current operating lease liability $ 19,344 Non-current operating lease liability 154,254 Total operating lease liabilities $ 173,598 Finance leases: Investments in real estate, net $ 120 (1) Property, plant and equipment, at cost $ 127 Accumulated amortization (13 ) Property and equipment, net $ 114 Current portion of notes payable and long-term debt $ 110 Notes payable, long-term debt and other obligations, less current portion 120 Total finance lease liabilities $ 230 Weighted average remaining lease term: Operating leases 8.63 Finance leases 3.00 Weighted average discount rate: Operating leases 10.78 % Finance leases 8.41 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheet are financing lease equipment, at cost of $762 and accumulated amortization of $642 as of September 30, 2019 .
Maturities of Operating Lease Liabilities	As of September 30, 2019 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Year Ending December 31: Remainder of 2019 $ 9,965 $ 39 2020 35,876 98 2021 33,786 44 2022 31,339 39 2023 29,295 31 2024 23,905 8 Thereafter 114,702 — Total lease payments 278,868 259 Less imputed interest (105,270 ) (29 ) Total $ 173,598 $ 230
Maturities of Financing Lease Liabilities	aturities of lease liabilities were as follows: Operating Leases Finance Leases Year Ending December 31: Remainder of 2019 $ 9,965 $ 39 2020 35,876 98 2021 33,786 44 2022 31,339 39 2023 29,295 31 2024 23,905 8 Thereafter 114,702 — Total lease payments 278,868 259 Less imputed interest (105,270 ) (29 ) Total $ 173,598 $ 230
Schedule of Future Minimum Rental Payments for Operating Leases	Under ASC 840, Leases , future minimum lease payments under noncancelable operating leases as of December 31, 2018 were as follows: Lease Commitments Sublease Rentals Net Year Ending December 31: 2019 $ 35,973 $ 69 $ 35,904 2020 29,917 — 29,917 2021 27,592 — 27,592 2022 25,185 — 25,185 2023 23,589 — 23,589 Thereafter 104,126 — 104,126 Total $ 246,382 $ 69 $ 246,313

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of: September 30, December 31, Leaf tobacco $ 46,706 $ 42,917 Other raw materials 4,318 3,750 Work-in-process 856 1,931 Finished goods 69,337 63,937 Inventories at current cost 121,217 112,535 LIFO adjustments (22,038 ) (21,538 ) $ 99,179 $ 90,997

Investment Securities At Fair_2

Investment Securities At Fair Value (Tables)	9 Months Ended
Investment Securities At Fair Value (Tables)	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investment Securities at Fair Value	The components of debt securities available for sale at December 31, 2018 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 84,199 $ 168 $ — $ 84,367 Total debt securities available for sale $ 84,199 $ 168 $ — $ 84,367 The components of debt securities available for sale at September 30, 2019 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 93,730 $ 837 $ — $ 94,567 Total debt securities available for sale $ 93,730 $ 837 $ — $ 94,567 Investment securities at fair value consisted of the following: September 30, December 31, 2018 Debt securities available for sale $ 94,567 $ 84,367 Equity securities at fair value 46,123 47,202 Total investment securities at fair value $ 140,690 $ 131,569 Net (losses) gains recognized on investment securities were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net (losses) gains recognized on equity securities $ (1,506 ) $ (797 ) $ 5,545 $ (306 ) Net gains (losses) recognized on debt securities available for sale 25 (4 ) 67 (17 ) Gross realized losses on other-than-temporary impairments (6 ) (161 ) (11 ) (972 ) Net (losses) gains recognized on investment securities $ (1,487 ) $ (962 ) $ 5,601 $ (1,295 )
Schedule of Maturity Dates of Fixed Income Securities	The table below summarizes the maturity dates of debt securities available for sale at September 30, 2019 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 17,543 $ 7,090 $ 10,453 $ — Corporate securities 50,159 20,328 29,831 — U.S. mortgage-backed securities 10,361 3,053 7,308 — Commercial mortgage-backed securities 388 24 364 — Commercial paper 13,934 13,934 — — Index-linked U.S. bonds 1,174 1,174 — — Foreign fixed-income securities 1,008 500 508 — Total debt securities available for sale by maturity dates $ 94,567 $ 46,103 $ 48,464 $ —
Schedule of Realized Gains (Losses)	Gross realized gains and losses on debt securities available for sale were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Gross realized gains on sales $ 27 $ 1 $ 74 $ 3 Gross realized losses on sales (2 ) (5 ) (7 ) (20 ) Net gains (losses) recognized on debt securities available for sale $ 25 $ (4 ) $ 67 $ (17 ) Gross realized losses on other-than-temporary impairments $ (6 ) $ (161 ) $ (11 ) $ (972 )
Equity Securities at Fair Value	(b) Equity Securities at Fair Value Equity securities at fair value consisted of the following: September 30, December 31, 2018 Marketable equity securities $ 23,909 $ 26,010 Mutual funds invested in fixed income securities 22,214 21,192 Total equity securities at fair value $ 46,123 $ 47,202 The following is a summary of unrealized and realized net gains and losses recognized in net income on equity securities at fair value during the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net (losses) gains recognized on equity securities (1) $ (1,506 ) $ (797 ) $ 5,545 $ (306 ) Less: Net gains (losses) recognized on equity securities sold (2) 58 (717 ) 468 (534 ) Net unrealized (losses) gains recognized on equity securities still held at the reporting date $ (1,564 ) $ (80 ) $ 5,077 $ 228 (1) Includes $781 of net losses and $405 of net gains recognized on equity securities at fair value that qualify for the net asset value (“NAV”) practical expedient during the three months ended September 30, 2019 and 2018 , respectively, and $4,689 and $3,641 of net gains recognized on equity securities at fair value that qualify for the NAV practical expedient during the nine months ended September 30, 2019 and 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 6 . (2) Includes $84 of net gains recognized on sales of equity securities at fair value that qualify for the NAV practical expedient during the three months ended September 30, 2018 , and $649 of gains and $84 of net gains recognized on sales of equity securities at fair value that qualify for the NAV practical expedient during the nine months ended September 30, 2019 and 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 6

Long-Term Investments (Tables)

Long-Term Investments (Tables)	9 Months Ended
Long-Term Investments (Tables)	Sep. 30, 2019
Long-term Investments [Abstract]
Equity method investments	Long-term investments consisted of the following: September 30, 2019 December 31, 2018 Equity securities at fair value that qualify for the NAV practical expedient $ 52,384 $ 54,628 Equity-method investments 14,531 11,631 $ 66,915 $ 66,259 Equity-method investments consisted of the following: September 30, December 31, 2018 Indian Creek Investors LP (“Indian Creek”) $ 665 $ 1,167 Boyar Value Fund (“Boyar”) 9,362 8,384 Optika Fund LLC (“Optika”) 4,504 — Ladenburg Thalmann Financial Services Inc. (“LTS”) — 2,080 Castle Brands, Inc. (“Castle”) — — $ 14,531 $ 11,631 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 125 Greenwich Street investment. New Valley has elected a one-month lag reporting period for the investment. Condominium and Mixed Use Development: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Income Statement Revenue $ 1 $ 6 $ 4 $ 27 Other expenses 495 745 3,250 145,223 Loss from continuing operations $ (494 ) $ (739 ) $ (3,246 ) $ (145,196 )

New Valley LLC (Tables)

New Valley LLC (Tables)	9 Months Ended
New Valley LLC (Tables)	Sep. 30, 2019
Real Estate [Abstract]
Investments in real estate ventures	Distributions: The components of distributions received by New Valley from its investments in real estate ventures were as follows: Nine Months Ended September 30, 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 3,380 $ 38,860 All other U.S. areas 1,279 — 4,659 38,860 Apartment Buildings: All other U.S. areas 79 295 79 295 Hotels: New York City SMSA 21,572 — 21,572 — Commercial: New York City SMSA 13 9 All other U.S. areas 160 10,072 173 10,081 Other 8,088 657 Total distributions $ 34,571 $ 49,893 The components of “Investments in real estate ventures” were as follows: Range of Ownership (1) September 30, 2019 December 31, 2018 Condominium and Mixed Use Development: New York City SMSA 3.1% - 49.5% $ 85,221 $ 65,007 All other U.S. areas 15.0% - 48.5% 48,091 31,392 133,312 96,399 Apartment Buildings: All other U.S. areas 7.6% - 16.3% — — — — Hotels: New York City SMSA 1.0% - 18.4% 2,513 15,782 International 49.0% 2,405 2,334 4,918 18,116 Commercial: New York City SMSA 49.0% 1,968 1,867 All other U.S. areas 1.6% 7,468 7,053 9,436 8,920 Other: 15.0% - 50.0% 11,903 17,670 Investments in real estate ventures $ 159,569 $ 141,105 ______________________ (1) The Range of Ownership reflects New Valley’s estimated current ownership percentage. New Valley’s actual ownership percentage as well as the percentage of earnings and cash distributions may ultimately differ as a result of a number of factors including potential dilution, financing or admission of additional partners. Contributions: The components of New Valley’s contributions to its investments in real estate ventures were as follows: Nine Months Ended September 30, 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 21,760 $ 1,158 All other U.S. areas 14,000 — 35,760 1,158 Apartment Buildings: New York City SMSA — 522 — 522 Hotels: New York City SMSA 172 167 172 167 Other: 337 4,285 Total contributions $ 36,269 $ 6,132 Equity in Earnings (Losses) from Real Estate Ventures: New Valley recognized equity in earnings (losses) from real estate ventures as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Condominium and Mixed Use Development: New York City SMSA $ 2,099 $ 1,732 $ (1,127 ) $ (1,880 ) All other U.S. areas 4,600 (151 ) 2,234 (976 ) 6,699 1,581 1,107 (2,856 ) Apartment Buildings: New York City SMSA — (1,267 ) — (4,550 ) All other U.S. areas 76 156 79 142 76 (1,111 ) 79 (4,408 ) Hotels: New York City SMSA (102 ) (749 ) 8,132 (2,200 ) International 434 206 70 (362 ) 332 (543 ) 8,202 (2,562 ) Commercial: New York City SMSA (149 ) (228 ) 114 (617 ) All other U.S. areas 146 273 517 1,416 (3 ) 45 631 799 Other: 946 322 1,983 649 Equity in earnings (losses) from real estate ventures $ 8,050 $ 294 $ 12,002 $ (8,378 ) 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, 2019 Condominium and Mixed Use Development: New York City SMSA $ 90,143 All other U.S. areas 60,591 150,734 Hotels: New York City SMSA 2,513 International 2,405 4,918 Commercial: New York City SMSA 1,968 All other U.S. areas 7,468 9,436 Other: 26,535 Total maximum exposure to loss $ 191,623
Combined Financial Statements for Unconsolidated Subsidiaries	Long-term investments consisted of the following: September 30, 2019 December 31, 2018 Equity securities at fair value that qualify for the NAV practical expedient $ 52,384 $ 54,628 Equity-method investments 14,531 11,631 $ 66,915 $ 66,259 Equity-method investments consisted of the following: September 30, December 31, 2018 Indian Creek Investors LP (“Indian Creek”) $ 665 $ 1,167 Boyar Value Fund (“Boyar”) 9,362 8,384 Optika Fund LLC (“Optika”) 4,504 — Ladenburg Thalmann Financial Services Inc. (“LTS”) — 2,080 Castle Brands, Inc. (“Castle”) — — $ 14,531 $ 11,631 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 125 Greenwich Street investment. New Valley has elected a one-month lag reporting period for the investment. Condominium and Mixed Use Development: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Income Statement Revenue $ 1 $ 6 $ 4 $ 27 Other expenses 495 745 3,250 145,223 Loss from continuing operations $ (494 ) $ (739 ) $ (3,246 ) $ (145,196 )
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 $ 10,049 $ 10,170 Sagaponack 17,960 16,050 Investments in real estate, net $ 28,009 $ 26,220 Escena. The assets of “Escena, net” were as follows: September 30, December 31, Land and land improvements $ 8,910 $ 8,910 Building and building improvements 1,926 1,900 Other 1,680 2,162 12,516 12,972 Less accumulated depreciation (2,467 ) (2,802 ) $ 10,049 $ 10,170

Notes Payable, Long-Term Debt_2

Notes Payable, Long-Term Debt and Other Obligations (Tables)	9 Months Ended
	Sep. 30, 2019
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 10.5% Senior Notes due 2026 325,000 325,000 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $0 and $3,359* — 226,641 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $13,107 and $29,465* 218,893 202,535 Liggett: Revolving credit facility 11,735 28,381 Term loan under credit facility 2,188 2,409 Equipment loans 446 1,039 Other 30,224 30,440 Notes payable, long-term debt and other obligations 1,438,486 1,666,445 Less: Debt issuance costs (20,378 ) (23,614 ) Total notes payable, long-term debt and other obligations 1,418,108 1,642,831 Less: Current maturities (239,867 ) (256,134 ) Amount due after one year $ 1,178,241 $ 1,386,697 ______________________ * The fair value of the derivatives embedded within the 7.5% Variable Interest Senior Convertible Notes ( $0 at September 30, 2019 and $6,635 at December 31, 2018 , respectively) and the 5.5% Variable Interest Senior Convertible Debentures ( $11,105 at September 30, 2019 and $24,789 at December 31, 2018 , respectively), is separately classified as a derivative liability in the condensed consolidated balance sheets.
Schedule of non-cash interest expense - Vector	Non-Cash Interest Expense — Vector : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Amortization of debt discount, net $ 5,746 $ 22,871 $ 19,718 $ 61,450 Amortization of debt issuance costs 1,089 3,158 3,327 8,783 $ 6,835 $ 26,029 $ 23,045 $ 70,233
Schedule of fair value of notes payable and long-term debt	Fair Value of Notes Payable and Long-Term Debt : September 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Value Value Value Value Senior Notes $ 1,175,000 $ 1,145,375 $ 1,175,000 $ 1,034,500 Variable Interest Senior Convertible Debt 218,893 241,136 429,176 468,704 Liggett and other 44,593 44,605 62,269 62,255 Notes payable and long-term debt $ 1,438,486 (1) $ 1,431,116 $ 1,666,445 (1) $ 1,565,459 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 12 .

Contingencies (Tables)

Contingencies (Tables)	9 Months Ended
Contingencies (Tables)	Sep. 30, 2019
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, 2019 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, 2019 $ 36,561 $ 310 $ 36,871 $ 16,383 $ 21,794 $ 38,177 Expenses 125,911 895 126,806 — — — Change in MSA obligations capitalized as inventory 2,756 — 2,756 — — — Payments (31,959 ) (355 ) (32,314 ) — — — Reclassification to/(from) non-current liabilities (892 ) 3,338 2,446 892 (3,338 ) (2,446 ) Interest on withholding — 187 187 — 1,600 1,600 Balance as of September 30, 2019 $ 132,377 $ 4,375 $ 136,752 $ 17,275 $ 20,056 $ 37,331 The activity in the Company’s accruals for the MSA and tobacco litigation for the nine months ended September 30, 2018 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, 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 State Number of Cases Florida 25 Illinois 7 Louisiana 2 New York 2 West Virginia 2 Nevada 1 Ohio 1

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
Employee Benefit Plans (Tables)	Sep. 30, 2019
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, 2019 2018 2019 2018 2019 2018 2019 2018 Service cost — benefits earned during the period $ 133 $ 147 $ 400 $ 441 $ — $ 2 $ 1 $ 3 Interest cost on projected benefit obligation 1,215 1,124 3,645 3,370 87 82 260 246 Expected return on assets (1,218 ) (1,393 ) (3,655 ) (4,179 ) — — — — Amortization of prior service cost — — — — 1 — 3 — Amortization of net loss (gain) 500 451 1,502 1,354 (9 ) (10 ) (63 ) (30 ) Net expense $ 630 $ 329 $ 1,892 $ 986 $ 79 $ 74 $ 201 $ 219

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Sep. 30, 2019
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, 2019 2018 2019 2018 Income before provision for income taxes $ 49,744 $ 29,714 $ 128,292 $ 67,082 Income tax expense using estimated annual effective income tax rate 14,844 15,194 38,378 33,809 Changes in effective tax rates (785 ) 1,895 — — Change in estimate for the impact of Tax Cuts and Jobs Act of 2017 — (162 ) — (1,971 ) Impact of discrete items, net (323 ) (2,241 ) (434 ) (2,444 ) Income tax expense $ 13,736 $ 14,686 $ 37,944 $ 29,394

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	9 Months Ended
Investments and Fair Value Measurements (Tables)	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Company's recurring financial assets and liabilities subject to fair value measurements	The Company’s financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of September 30, 2019 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 255,579 $ 255,579 $ — $ — Commercial paper (1) 39,011 — 39,011 — Certificates of deposit (2) 2,186 — 2,186 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 23,909 23,909 — — Mutual funds invested in fixed-income securities 22,214 22,214 — — Total equity securities at fair value 46,123 46,123 — — Debt securities available for sale U.S. government securities 17,543 — 17,543 — Corporate securities 50,159 — 50,159 — U.S. government and federal agency 10,361 — 10,361 — Commercial mortgage-backed securities 388 — 388 — Commercial paper 13,934 — 13,934 — Index-linked U.S. bonds 1,174 — 1,174 — Foreign fixed-income securities 1,008 — 1,008 — Total debt securities available for sale 94,567 — 94,567 — Total investment securities at fair value 140,690 46,123 94,567 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient (3) 52,384 — — — Total $ 490,385 $ 302,237 $ 135,764 $ — Liabilities: Fair value of contingent liability $ 5,204 $ — $ — $ 5,204 Fair value of derivatives embedded within convertible debt 11,105 — — 11,105 Total $ 16,309 $ — $ — $ 16,309 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $3,660 that is included in Other current assets and $3,910 that is included in Other assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheet. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. Fair Value Measurements as of December 31, 2018 Description Total Quoted Prices in Active Markets for Identical Assets Total Gains (Losses) Assets: Money market funds (1) $ 448,560 $ 448,560 $ — $ — Commercial paper (1) 46,062 — 46,062 — Certificates of deposit (2) 2,251 — 2,251 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 26,010 26,010 — — Mutual funds invested in fixed-income securities 21,192 21,192 — — Total equity securities at fair value 47,202 47,202 — — Debt securities available for sale U.S. government securities 28,514 — 28,514 — Corporate securities 41,733 — 41,733 — U.S. government and federal agency 4,369 — 4,369 — Commercial mortgage-backed securities 401 — 401 — Commercial paper 5,870 — 5,870 — Index-linked U.S. bonds 2,330 — 2,330 — Foreign fixed-income securities 1,150 — 1,150 — Total debt securities available for sale 84,367 — 84,367 — Total investment securities at fair value 131,569 47,202 84,367 — Long-term investments Equity securities at fair value that qualify for the NAV practical expedient (3) 54,628 — — — Total $ 683,605 $ 496,297 $ 132,680 $ — Liabilities: Fair value of contingent liability $ 6,304 $ — $ — $ 6,304 Fair value of derivatives embedded within convertible debt 31,424 — — 31,424 Total $ 37,728 $ — $ — $ 37,728 (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 non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheet. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
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, 2019 : 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 $ 11,105 Discounted cash flow Assumed annual stock dividend 5 % Assumed remaining cash dividends - Q4 2019 and Q1 2020 $0.40/$0.20 Stock price $ 11.91 Convertible trading price (as a percentage of par value) 103.94 % Volatility 42.25 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 1.70% - 3.70% (2.70%) Fair value of contingent liability $ 5,204 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 320,000 Risk-free rate for a 3.25 year term 1.54 % Leverage-adjusted equity volatility of peer firms 33.91 % The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2018 : 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 $ 31,424 Discounted cash flow Assumed annual stock dividend 5 % Assumed annual cash dividend $ 1.60 Stock price $ 9.73 Convertible trading price (as a percentage of par value) 100.31 % Volatility 20.39 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 8.0% - 9.0% (8.5%) Fair value of contingent liability $ 6,304 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 320,000 Risk-free rate for a 4-year term 2.45 % Leverage-adjusted equity volatility of peer firms 30.22 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2019
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, 2019 and 2018 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended September 30, 2019 Revenues $ 303,260 $ 201,530 $ — $ 504,790 Operating income (loss) 72,799 (1) 628 (6,707 ) 66,720 Equity in earnings from real estate ventures — 8,050 — 8,050 Depreciation and amortization 1,941 2,240 249 4,430 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 Nine months ended September 30, 2019 Revenues $ 854,517 $ 609,629 $ — $ 1,464,146 Operating income (loss) 201,594 (2) 4,672 (20,712 ) 185,554 Equity in earnings from real estate ventures — 12,002 — 12,002 Depreciation and amortization 5,848 6,765 749 13,362 Capital expenditures 3,425 6,733 — 10,158 Nine months ended September 30, 2018 Revenues $ 843,958 $ 580,365 $ — $ 1,424,323 Operating income (loss) 189,185 (3) 6,222 (4) (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 (1) Operating income includes $240 of litigation settlement and judgment expense. (2) Operating income includes $895 of litigation settlement and judgment expense. (3) Operating income includes $6,298 of income from a settlement of a long-standing dispute related to the Master Settlement Agreement, and $525 of litigation settlement and judgment expense. (4) Operating income includes $2,469 of litigation settlement and judgment income.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
Condensed Consolidating Financial Information (Tables)	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 131,517 $ 108,713 $ 79,068 $ — $ 319,298 Investment securities at fair value 140,690 — — — 140,690 Accounts receivable - trade, net — 17,916 24,737 — 42,653 Intercompany receivables 43,701 — — (43,701 ) — Inventories — 99,179 — — 99,179 Income taxes receivable, net — — 128 (128 ) — Other current assets 650 7,069 24,829 — 32,548 Total current assets 316,558 232,877 128,762 (43,829 ) 634,368 Property, plant and equipment, net 343 35,217 48,372 — 83,932 Investments in real estate, net — — 28,009 — 28,009 Long-term investments (of which $52,384 were carried at fair value) 66,915 — — — 66,915 Investments in real estate ventures — — 159,569 — 159,569 Operating lease right of use assets 7,358 4,933 136,096 — 148,387 Investments in consolidated subsidiaries 450,973 247,222 — (698,195 ) — Goodwill and other intangible assets, net — 107,511 158,523 — 266,034 Other assets 14,948 39,453 45,566 (497 ) 99,470 Total assets $ 857,095 $ 667,213 $ 704,897 $ (742,521 ) $ 1,486,684 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 217,894 $ 21,774 $ 7,699 $ (7,500 ) $ 239,867 Current portion of fair value of derivatives embedded within convertible debt 11,105 — — — 11,105 Intercompany payables — 259 43,442 (43,701 ) — Income taxes payable, net 25,064 4,491 — (128 ) 29,427 Current payments due under the Master Settlement Agreement — 132,377 — — 132,377 Current operating lease liability 693 1,949 16,702 — 19,344 Other current liabilities 40,861 74,776 59,758 (673 ) 174,722 Total current liabilities 295,617 235,626 127,601 (52,002 ) 606,842 Notes payable, long-term debt and other obligations, less current portion 1,155,622 22,594 22,525 (22,500 ) 1,178,241 Non-current employee benefits 47,124 15,436 — — 62,560 Deferred income taxes, net (19,991 ) 22,048 32,321 — 34,378 Non-current operating lease liability 7,625 3,579 143,050 — 154,254 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 259 42,537 41,490 (5,204 ) 79,082 Total liabilities 1,486,256 341,820 366,987 (79,706 ) 2,115,357 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (629,161 ) 325,393 337,422 (662,815 ) (629,161 ) Non-controlling interest — — 488 — 488 Total stockholders' (deficiency) equity (629,161 ) 325,393 337,910 (662,815 ) (628,673 ) Total liabilities and stockholders' deficiency $ 857,095 $ 667,213 $ 704,897 $ (742,521 ) $ 1,486,684 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2018 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 474,880 $ 23,308 $ 86,393 $ — $ 584,581 Investment securities at fair value 131,569 — — — 131,569 Accounts receivable - trade, net — 15,440 18,806 — 34,246 Intercompany receivables 38,391 — — (38,391 ) — Inventories — 90,997 — — 90,997 Income taxes receivable, net — — 1,268 (1,268 ) — Other current assets 1,500 7,599 21,729 — 30,828 Total current assets 646,340 137,344 128,196 (39,659 ) 872,221 Property, plant and equipment, net 506 38,562 47,668 — 86,736 Investments in real estate, net — — 26,220 — 26,220 Long-term investments (of which $54,628 were carried at fair value) 66,259 — — — 66,259 Investments in real estate ventures — — 141,105 — 141,105 Investments in consolidated subsidiaries 431,288 252,113 — (683,401 ) — Goodwill and other intangible assets, net — 107,511 159,100 — 266,611 Other assets 14,616 38,154 37,582 — 90,352 Total assets $ 1,159,009 $ 573,684 $ 539,871 $ (723,060 ) $ 1,549,504 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 226,343 $ 29,480 $ 311 $ — $ 256,134 Current portion of fair value of derivatives embedded within convertible debt 6,635 — — — 6,635 Current portion of employee benefits — — — — — Intercompany payables — 479 37,912 (38,391 ) — Income taxes payable, net 5,257 1,263 — (1,268 ) 5,252 Current payments due under the Master Settlement Agreement — 36,561 — — 36,561 Other current liabilities 55,915 73,279 51,144 — 180,338 Total current liabilities 294,150 141,062 89,367 (39,659 ) 484,920 Notes payable, long-term debt and other obligations, less current portion 1,354,219 2,349 30,129 — 1,386,697 Fair value of derivatives embedded within convertible debt 24,789 — — — 24,789 Non-current employee benefits 45,615 15,673 — — 61,288 Deferred income taxes, net (13,084 ) 17,732 32,763 — 37,411 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 1,379 38,179 62,207 — 101,765 Total liabilities 1,707,068 214,995 214,466 (39,659 ) 2,096,870 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (548,059 ) 358,689 324,712 (683,401 ) (548,059 ) Non-controlling interest — — 693 — 693 Total stockholders' (deficiency) equity (548,059 ) 358,689 325,405 (683,401 ) (547,366 ) Total liabilities and stockholders' deficiency $ 1,159,009 $ 573,684 $ 539,871 $ (723,060 ) $ 1,549,504
Condensed Consolidating Statements of Operations	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 303,379 $ 201,530 $ (119 ) $ 504,790 Expenses: Cost of sales — 209,192 136,264 — 345,456 Operating, selling, administrative and general expenses 9,490 18,376 64,627 (119 ) 92,374 Litigation settlement and judgment expense — 240 — — 240 Management fee expense — 2,993 — (2,993 ) — Operating (loss) income (9,490 ) 72,578 639 2,993 66,720 Other income (expenses): Interest expense (32,023 ) (937 ) (228 ) 225 (32,963 ) Change in fair value of derivatives embedded within convertible debt 6,182 — — — 6,182 Equity in earnings from real estate ventures — — 8,050 — 8,050 Equity in earnings in consolidated subsidiaries 61,483 1,893 — (63,376 ) — Management fee income 2,993 — — (2,993 ) — Other, net (655 ) 1,702 1,808 (1,100 ) 1,755 Income before provision for income taxes 28,490 75,236 10,269 (64,251 ) 49,744 Income tax benefit (expense) 7,518 (18,231 ) (3,023 ) — (13,736 ) Net income 36,008 57,005 7,246 (64,251 ) 36,008 Net loss attributed to non-controlling interest — — — — — Net income attributed to Vector Group Ltd. $ 36,008 $ 57,005 $ 7,246 $ (64,251 ) $ 36,008 Comprehensive loss attributed to non-controlling interest $ — $ — $ — $ — $ — Comprehensive income attributed to Vector Group Ltd. $ 36,352 $ 57,240 $ 7,246 $ (64,486 ) $ 36,352 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 in consolidated subsidiaries 50,102 — — (50,102 ) — Management fee income 2,878 — — (2,878 ) — Other, net 5,079 (940 ) 342 — 4,481 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 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 854,875 $ 609,629 $ (358 ) $ 1,464,146 Expenses: Cost of sales — 590,956 408,694 — 999,650 Operating, selling, administrative and general expenses 28,836 53,234 196,335 (358 ) 278,047 Litigation settlement and judgment expense — 895 — — 895 Management fee expense — 8,978 — (8,978 ) — Operating (loss) income (28,836 ) 200,812 4,600 8,978 185,554 Other income (expenses): Interest expense (100,277 ) (2,947 ) (685 ) 673 (103,236 ) Change in fair value of derivatives embedded within convertible debt 20,319 — — — 20,319 Equity in earnings from real estate ventures — — 12,002 — 12,002 Equity in earnings in consolidated subsidiaries 162,911 6,617 — (169,528 ) — Management fee income 8,978 — — (8,978 ) — Other, net 9,307 2,302 3,144 (1,100 ) 13,653 Income before provision for income taxes 72,402 206,784 19,061 (169,955 ) 128,292 Income tax benefit (expense) 17,866 (50,297 ) (5,513 ) — (37,944 ) Net income 90,268 156,487 13,548 (169,955 ) 90,348 Net income attributed to non-controlling interest — — (80 ) — (80 ) Net income attributed to Vector Group Ltd. $ 90,268 $ 156,487 $ 13,468 $ (169,955 ) $ 90,268 Comprehensive income attributed to non-controlling interest $ — $ — $ (80 ) $ — $ (80 ) Comprehensive income attributed to Vector Group Ltd. $ 91,798 $ 157,191 $ 13,468 $ (170,659 ) $ 91,798 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS 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 in consolidated subsidiaries 136,615 — (136,615 ) — Management fee income 8,632 — — (8,632 ) — Other, net 13,899 (1,259 ) 1,020 — 13,660 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
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 122,305 $ 259,426 $ 8,623 $ (195,005 ) $ 195,349 Cash flows from investing activities: Sale of investment securities 16,186 — — — 16,186 Maturities of investment securities 45,798 — — — 45,798 Purchase of investment securities (76,094 ) — — — (76,094 ) Purchase of long-term investments — — (1,000 ) — (1,000 ) Investments in real estate ventures — — (36,269 ) — (36,269 ) Purchase of subsidiaries — — (323 ) — (323 ) Distributions from investments in real estate ventures — — 30,934 — 30,934 Increase in cash surrender value of life insurance policies (311 ) (462 ) — — (773 ) (Increase) decrease in restricted assets (22 ) 683 — — 661 Investments in subsidiaries (42,604 ) — — 42,604 — Proceeds from sale of fixed assets — 8 9 — 17 Capital expenditures — (3,425 ) (6,733 ) — (10,158 ) Pay downs of investment securities 828 — — — 828 Investments in real estate, net — — (1,910 ) — (1,910 ) Net cash used in investing activities (56,219 ) (3,196 ) (15,292 ) 42,604 (32,103 ) Cash flows from financing activities: Deferred financing costs — (36 ) — — (36 ) Repayments of debt (230,000 ) (720 ) (154 ) — (230,874 ) Borrowings under revolver — 204,506 — — 204,506 Repayments on revolver — (221,373 ) — — (221,373 ) Capital contributions received — 675 41,929 (42,604 ) — Intercompany dividends paid — (153,868 ) (41,137 ) 195,005 — Dividends and distributions on common stock (179,449 ) — — — (179,449 ) Distributions to non-controlling interest — — (285 ) — (285 ) Proceeds from issuance of Vector common stock — — — — — Proceeds from exercise of Vector options — — — — — Tax benefit of options exercised — — — — — Other — — (46 ) — (46 ) Net cash (used in) provided by financing activities (409,449 ) (170,816 ) 307 152,401 (427,557 ) Net (decrease) increase in cash, cash equivalents and restricted cash (343,363 ) 85,414 (6,362 ) — (264,311 ) Cash, cash equivalents and restricted cash, beginning of period 474,880 23,849 93,000 — 591,729 Cash, cash equivalents and restricted cash, end of period $ 131,517 $ 109,263 $ 86,638 $ — $ 327,418 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 ) Investments in real estate, net — — (1,495 ) — (1,495 ) Purchase of subsidiaries — — (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 Repayments of notes receivable 20,000 — 67 (20,000 ) 67 Pay downs of investment securities 1,293 — — — 1,293 Investments in subsidiaries (8,103 ) — — 8,103 — Capital expenditures (15 ) (4,175 ) (8,356 ) — (12,546 ) 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

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018	Sep. 27, 2018
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	$ 11,105			$ 31,424
Impact of adoption of new accounting standards	(1,550)	$ (12,857)
AOCI Attributable to Parent
Embedded Derivative [Line Items]
Impact of adoption of new accounting standards	(4,697)	$ (6,036)
ASU 2018-02
Embedded Derivative [Line Items]
Decrease in accumulated deficit			$ 4,697
Minimum
Embedded Derivative [Line Items]
Fair market value of embedded derivatives at the midpoint of the inputs	11,080			31,371
Maximum
Embedded Derivative [Line Items]
Fair market value of embedded derivatives at the midpoint of the inputs	$ 11,132			$ 31,519

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Net income attributed to Vector Group Ltd.	$ 36,008	$ 12,002	$ 90,268	$ 37,031
Income attributable to 7.5% Variable Interest Senior Convertible Notes	0	0	(1,246)	0
Income attributed to participating securities	(2,023)	(1,722)	(6,052)	(5,186)
Income attributed to participating securities	(2,023)	(1,722)	(6,052)	(5,186)
Net income applicable to common shares attributed to Vector Group Ltd.	33,985	10,280	84,216	31,845
Net income applicable to common shares attributed to Vector Group Ltd.	$ 33,985	$ 10,280	$ 82,970	$ 31,845

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Weighted-average shares for basic EPS (in shares)	146,703,766	146,461,283	146,562,252	146,327,788
Plus incremental shares related to convertible debt (in shares)	0	0	961,191	0
Plus incremental shares related to stock options and non-vested restricted stock (in shares)	32,374	26,290	13,782	185,660
Weighted-average shares for diluted EPS (in shares)	146,736,140	146,487,573	147,537,225	146,513,448

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Antidilutive Securities Excluded from Earnings Per Share) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted-average shares of non-vested restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation (in shares)	1,012,285	0	1,274,549	0
Weighted-average expense per share (in dollars per share)	$ 18.03	$ 0	$ 17.95	$ 0
Weighted-average number of shares issuable upon conversion of debt
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation (in shares)	11,447,061	30,260,606	11,447,061	30,260,606
Weighted-average conversion price (in dollars per share)	$ 20.27	$ 16.15	$ 20.27	$ 16.15

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Interest and dividend income	$ 3,083	$ 2,466	$ 9,430	$ 6,533
Equity in (losses) earnings from investments	(468)	3,230	(791)	9,205
Net (losses) gains recognized on investment securities	(1,487)	(962)	5,601	(1,295)
Net periodic benefit cost other than the service costs	(576)	(254)	(1,692)	(761)
Other income (expense)	1,203	1	1,105	(22)
Other, net	$ 1,755	$ 4,481	$ 13,653	$ 13,660

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Other Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Restricted assets	$ 5,982	$ 6,306
Prepaid pension costs	24,800	23,869
Other assets	68,688	60,177
Total other assets	$ 99,470	$ 90,352

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Accounts payable	$ 14,191		$ 13,144
Accrued promotional expenses	40,977		37,940
Accrued excise and payroll taxes payable, net	5,065		14,612
Accrued interest	28,116		38,673
Commissions payable	17,730		12,975
Accrued salary and benefits	25,518		30,228
Contract liabilities	7,416	$ 7,071	0
Allowance for sales returns	6,617		6,935
Other current liabilities	29,092		25,831
Total other current liabilities	$ 174,722		$ 180,338

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Goodwill and Other Intangible Assets, Net) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 78,008	$ 77,568
Intangibles with a finite life, net	515	1,532
Total goodwill and other intangible assets, net	266,034	266,611
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_12

Summary of Significant Accounting Policies (Reconciliation of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 319,298	$ 584,581
Restricted cash and cash equivalents included in other current assets	3,660	2,697
Restricted cash and cash equivalents included in other assets	4,460	4,451
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statement of Cash Flows	$ 327,418	$ 591,729	$ 370,929	$ 310,937

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 504,790	$ 513,869	$ 1,464,146	$ 1,424,323
Tobacco
Disaggregation of Revenue [Line Items]
Revenues	303,260	302,009	854,517	843,958
Tobacco \| Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE
Disaggregation of Revenue [Line Items]
Revenues	273,918	274,405	774,301	764,306
Tobacco \| Other Brands
Disaggregation of Revenue [Line Items]
Revenues	29,342	27,604	80,216	79,652
Real estate
Disaggregation of Revenue [Line Items]
Revenues	201,530	211,860	609,629	580,365
Total real estate revenues	201,530	211,860	609,629	580,365
Real estate \| New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	88,485	103,907	310,784	278,357
Real estate \| Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	48,299	49,789	123,277	129,239
Real estate \| Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	32,622	30,579	89,983	91,967
Real estate \| West
Disaggregation of Revenue [Line Items]
Total real estate revenues	32,124	27,585	85,585	80,802
Real estate \| Commission brokerage income
Disaggregation of Revenue [Line Items]
Total real estate revenues	172,925	177,481	518,373	495,788
Real estate \| Commission brokerage income \| New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	73,081	79,192	243,061	215,775
Real estate \| Commission brokerage income \| Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	47,066	48,996	118,057	124,902
Real estate \| Commission brokerage income \| Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	25,008	22,491	79,303	78,798
Real estate \| Commission brokerage income \| West
Disaggregation of Revenue [Line Items]
Total real estate revenues	27,770	26,802	77,952	76,313
Real estate \| Development marketing
Disaggregation of Revenue [Line Items]
Total real estate revenues	18,526	24,677	55,725	51,422
Real estate \| Development marketing \| New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	6,920	16,187	41,024	37,356
Real estate \| Development marketing \| Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	252
Real estate \| Development marketing \| Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	7,614	8,088	10,680	13,169
Real estate \| Development marketing \| West
Disaggregation of Revenue [Line Items]
Total real estate revenues	3,992	402	4,021	645
Real estate \| Property management revenue
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,668	8,147	27,237	25,226
Real estate \| Property management revenue \| New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,484	8,528	26,699	25,226
Real estate \| Property management revenue \| Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	184	(381)	538
Real estate \| Property management revenue \| Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate \| Property management revenue \| 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	1,049	1,174	4,682	4,085
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	1,049	1,174	4,682	4,085
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 revenue
Disaggregation of Revenue [Line Items]
Total real estate revenues	201,168	211,479	606,017	576,521
Real estate \| Total Douglas Elliman revenue \| New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	88,485	103,907	310,784	278,357
Real estate \| Total Douglas Elliman revenue \| Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	48,299	49,789	123,277	129,239
Real estate \| Total Douglas Elliman revenue \| Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	32,622	30,579	89,983	91,967
Real estate \| Total Douglas Elliman revenue \| West
Disaggregation of Revenue [Line Items]
Total real estate revenues	31,762	27,204	81,973	76,958
Real estate \| Other real estate revenues
Disaggregation of Revenue [Line Items]
Total real estate revenues	362	381	3,612	3,844
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	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	$ 362	$ 381	$ 3,612	$ 3,844

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($)	3 Months Ended		9 Months Ended
Revenue Recognition - Contract Balances (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Receivables, which are included in accounts receivable - trade, net	$ 2,378,000		$ 2,378,000		$ 2,050,000
Contract assets, net, which are included in other current assets	8,809,000		8,809,000		9,264,000
Payables, which are included in other current liabilities	1,311,000		1,311,000		1,082,000
Contract liabilities, which are included in other current liabilities	7,416,000		7,416,000		7,071,000	$ 0
Contract assets, net, which are included in other assets	20,093,000		20,093,000		15,794,000
Contract liabilities, which are included in other liabilities	35,258,000		$ 35,258,000		$ 30,445,000
Commercial leasing contracts, receivable and payable term expectation			12 months
Contract liabilities estimated to be recognized over next twelve months	7,416,000		$ 7,416,000
Revenue recognized on contract liabilities			9,753,000
Revenue recognized relating to performance obligations satisfied or partially satisfied in prior periods	$ 0	$ 0	$ 0	$ 0
Performance obligation term			P2Y

Revenue Recognition - Other Dis

Revenue Recognition - Other Disclosures (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivable decreased	$ 328
Payable increased	229
Contract liabilities increase	5,158
Advance payments received from customer	16,377
Performance obligations satisfied, offset by cash collections
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivable decreased	2,780
Payable increased	1,727
Contract liabilities increase	3,844
Advance payments received from customer	$ 15,039

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating lease right of use assets	$ 148,387	$ 148,387
Operating lease liabilities	173,598	173,598
Increase to accumulated deficit	620,791	$ 620,791		$ 542,169
Lease renewal term		5 years
Lease termination term		1 year
Lease not yet commenced	2,392	$ 2,392
One Lease, Lessor Affiliate of Significant Investor
Lessee, Lease, Description [Line Items]
Operating lease right of use assets	1,368	1,368
Operating lease liabilities	1,429	1,429
Rental expense	$ 115	$ 344
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms		1 year
Lease not yet commenced, term	1 year 7 months 6 days	1 year 7 months 6 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms		15 years
Lease not yet commenced, term	5 years	5 years
ASU 2016-02
Lessee, Lease, Description [Line Items]
Operating lease right of use assets			$ 128,890
Operating lease liabilities			153,676
Deferred rent			22,881
Tenant improvements receivable			355
Increase to accumulated deficit			$ 1,550

Leases - Lease Expense and Cash

Leases - Lease Expense and Cash Outflows from Operating and Finance Leases (Details) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 9,707	$ 28,212
Short-term lease cost	397	910
Variable lease cost	715	2,405
Amortization	67	186
Interest on lease liabilities	5	12
Total lease cost	$ 10,891	31,725
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases		28,023
Operating cash flows from finance leases		12
Financing cash flows from finance leases		182
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		32,511
Finance leases		$ 159

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating leases:
Operating lease right-of-use assets	$ 148,387
Current operating lease liability	19,344
Non-current operating lease liability	154,254
Total operating lease liabilities	173,598
Finance leases:
Finance lease at cost	127
Accumulated amortization	(13)
Finance lease net	114
Current portion of notes payable and long-term debt	110
Notes payable, long-term debt and other obligations, less current portion	120
Total finance lease liabilities	$ 230
Weighted average remaining lease term:
Operating leases	8 years 7 months 17 days
Finance leases	3 years
Weighted average discount rate:
Operating leases	10.78%
Finance leases	8.41%
Financing lease equipment
Finance leases:
Finance lease at cost	$ 762
Accumulated amortization	(642)
Finance lease net	$ 120

Leases - Maturities of Operatin

Leases - Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
Remainder of 2019	$ 9,965
2020	35,876
2021	33,786
2022	31,339
2023	29,295
2024	23,905
Thereafter	114,702
Total lease payments	278,868
Less imputed interest	(105,270)
Total	173,598
Finance Leases
Remainder of 2019	39
2020	98
2021	44
2022	39
2023	31
2024	8
Thereafter	0
Total lease payments	259
Less imputed interest	(29)
Total	$ 230

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
Lease commitments, 2019	$ 35,973
Lease commitments, 2020	29,917
Lease commitments, 2021	27,592
Lease commitments, 2022	25,185
Lease commitments, 2023	23,589
Lease commitments, Thereafter	104,126
Lease commitments, Total	246,382
Sublease Rentals, 2019	69
Sublease Rentals, 2020	0
Sublease Rentals, 2021	0
Sublease Rentals, 2022	0
Sublease Rentals, 2023	0
Sublease Rentals, Thereafter	0
Sublease Rentals, Total	69
Net, 2019	35,904
Net, 2020	29,917
Net, 2021	27,592
Net, 2022	25,185
Net, 2023	23,589
Net, Thereafter	104,126
Net, Total	$ 246,313

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Leaf tobacco	$ 46,706	$ 42,917
Other raw materials	4,318	3,750
Work-in-process	856	1,931
Finished goods	69,337	63,937
Inventories at current cost	121,217	112,535
LIFO adjustments	(22,038)	(21,538)
Inventory, net	$ 99,179	$ 90,997

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
Inventories (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory [Line Items]
LIFO adjustments	$ 22,038	$ 21,538
Capitalized MSA cost in finished goods inventory	18,758	16,001
Inventories
Inventory [Line Items]
Federal excise tax in inventory	27,674	26,419
Liggett \| Inventories
Inventory [Line Items]
Purchase commitments	17,318
Leaf tobacco
Inventory [Line Items]
LIFO adjustments	15,432	14,932
Other raw materials
Inventory [Line Items]
LIFO adjustments	219	219
Work-in-process
Inventory [Line Items]
LIFO adjustments	25	25
Finished goods
Inventory [Line Items]
LIFO adjustments	$ 6,362	$ 6,362

Investment Securities At Fair_3

Investment Securities At Fair Value (Investment Securities At Fair Value Schedule) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Debt securities available for sale	$ 94,567	$ 84,367
Equity securities at fair value	46,123	47,202
Total investment securities at fair value	$ 140,690	$ 131,569

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Debt securities available for sale	$ 94,567		$ 94,567		$ 84,367
Equity securities at fair value	46,123		46,123		47,202
Investment securities at fair value	140,690		140,690		131,569
Net (losses) gains recognized on equity securities	(1,506)	$ (797)	5,545	$ (306)
Net gains (losses) recognized on debt securities available for sale	25	(4)	67	(17)
Gross realized losses on other-than-temporary impairments	(6)	(161)	(11)	(972)
Net (losses) gains recognized on investment securities	(1,487)	(962)	5,601	(1,295)
Less: Net gains (losses) recognized on equity securities sold	58	(717)	468	(534)
Net unrealized (losses) gains recognized on equity securities still held at the reporting date	(1,564)	$ (80)	5,077	$ 228
Marketable debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities available for sale	94,567		94,567		84,367
Cost	93,730		93,730		84,199
Gross Unrealized Gains	837		837		168
Gross Unrealized Losses	0		0		0
Total debt securities available for sale
Debt Securities, Available-for-sale [Line Items]
Debt securities available for sale	94,567		94,567		84,367
Cost	93,730		93,730		84,199
Gross Unrealized Gains	837		837		168
Gross Unrealized Losses	0		0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Marketable equity securities
Debt Securities, Available-for-sale [Line Items]
Equity securities at fair value	23,909		23,909		26,010
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Mutual funds invested in fixed-income securities
Debt Securities, Available-for-sale [Line Items]
Equity securities at fair value	$ 22,214		$ 22,214		$ 21,192

Investment Securities At Fair_5

Investment Securities At Fair Value (Maturity Dates of Marketable Debt Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Market Value	$ 94,567	$ 84,367
Under 1 Year	46,103
1 Year up to 5 Years	48,464
More than 5 Years	0
U.S. Government securities
Debt Securities, Available-for-sale [Line Items]
Market Value	17,543
Under 1 Year	7,090
1 Year up to 5 Years	10,453
More than 5 Years	0
Corporate securities
Debt Securities, Available-for-sale [Line Items]
Market Value	50,159
Under 1 Year	20,328
1 Year up to 5 Years	29,831
More than 5 Years	0
U.S. mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	10,361
Under 1 Year	3,053
1 Year up to 5 Years	7,308
More than 5 Years	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	388
Under 1 Year	24
1 Year up to 5 Years	364
More than 5 Years	0
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Market Value	13,934
Under 1 Year	13,934
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	1,174
Under 1 Year	1,174
1 Year up to 5 Years	0
More than 5 Years	0
Foreign fixed-income securities
Debt Securities, Available-for-sale [Line Items]
Market Value	1,008
Under 1 Year	500
1 Year up to 5 Years	508
More than 5 Years	$ 0

Investment Securities At Fair_6

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales	$ 27	$ 1	$ 74	$ 3
Gross realized losses on sales	(2)	(5)	(7)	(20)
Net gains (losses) recognized on debt securities available for sale	25	(4)	67	(17)
Gross realized losses on other-than-temporary impairments	$ (6)	$ (161)	$ (11)	$ (972)

Investment Securities At Fair_7

Investment Securities At Fair Value (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Sale of investment securities			$ 16,186,000	$ 14,895,000
Securities that qualify for NAV	$ (781,000)	$ 405,000	4,689,000	3,641,000
Equity securities without readily determinable fair value	6,000,000		6,000,000		$ 5,000,000
Impairment and other adjustments	0	$ 0	0	0
Long-term investments
Debt Securities, Available-for-sale [Line Items]
Securities that qualify for NAV	$ 84,000		649,000	84,000
Corporate Securities and U.S. Government Securities
Debt Securities, Available-for-sale [Line Items]
Maturities of debt securities			$ 46,626,000	$ 18,192,000

Long-Term Investments (Investme

Long-Term Investments (Investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Long-term Investments [Abstract]
Equity securities at fair value that qualify for the NAV practical expedient	$ 52,384	$ 54,628
Equity-method investments	14,531	11,631
Long-term investments	$ 66,915	$ 66,259

Long-Term Investments (Equity-M

Long-Term Investments (Equity-Method Investments) (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 09, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 14,531		$ 14,531		$ 11,631
Proceeds from long-term equity method investment				1,495	$ 1,231
Equity in (losses) earnings from investments		(468)	$ 3,230	(791)	$ 9,205
Indian Creek Investors LP (“Indian Creek”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 665		$ 665		1,167
Equity-method ownership percentage		12.47%		12.47%
Boyar Value Fund (“Boyar”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 9,362		$ 9,362		8,384
Equity-method ownership percentage		35.65%		35.65%
Quoted market value		$ 9,362		$ 9,362
Optika Fund LLC (“Optika”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 4,504		$ 4,504		0
Equity-method ownership percentage		10.76%		10.76%
Contributions to equity method investments		$ 5,000
Ladenburg Thalmann Financial Services Inc. (“LTS”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 0		$ 0		2,080
Equity-method ownership percentage		10.22%		10.22%
Quoted market value		$ 36,003		$ 36,003
Castle Brands, Inc. (“Castle”)
Schedule of Equity Method Investments [Line Items]
Equity-method investments		$ 0		$ 0		$ 0
Equity-method ownership percentage		7.62%		7.62%
Quoted market value		$ 16,248		$ 16,248
Subsequent Event \| Castle Brands, Inc. (“Castle”)
Schedule of Equity Method Investments [Line Items]
Sale of stock (in dollars per share)	$ 1.27
Sale of stock (in shares)	12,895,017
Proceeds from sale	$ 16,377

New Valley LLC (Investment in R

New Valley LLC (Investment in Real Estate Ventures) (Details) $ in Thousands	Nov. 01, 2019USD ($)	Sep. 30, 2019USD ($)venture	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)venture	Sep. 30, 2018USD ($)	Apr. 30, 2019USD ($)	Feb. 28, 2019USD ($)	Dec. 31, 2018USD ($)
Schedule of Investments [Line Items]
Investments in real estate ventures		$ 159,569		$ 159,569				$ 141,105
Total contributions				36,269	$ 6,132
Distributions from real estate ventures				3,637	12,074
Distributions from investments in real estate ventures				30,934	37,819
Equity in earnings (losses) from real estate ventures		8,050	$ 294	12,002	(8,378)
Condominium and Mixed Use Development \| All other U.S. areas
Schedule of Investments [Line Items]
Impairment of long-term investments			2,113		8,467
New Valley LLC
Schedule of Investments [Line Items]
Investments in real estate ventures		159,569		159,569				141,105
Total contributions				36,269	6,132
Distributions				34,571	49,893
Equity in earnings (losses) from real estate ventures		8,050	294	12,002	(8,378)
Total maximum exposure to loss		191,623		191,623
Interest costs capitalized		1,703	2,246	4,706	6,549
New Valley LLC \| Variable Interest Entity, Not Primary Beneficiary \| 352 6th Avenue LLC
Schedule of Investments [Line Items]
Range of ownership							37.00%
Investments in real estate ventures							$ 500
Total maximum exposure to loss		529		529
New Valley LLC \| Variable Interest Entity, Not Primary Beneficiary \| Meatpacking Plaza
Schedule of Investments [Line Items]
Range of ownership						17.00%
Investments in real estate ventures						$ 10,018
Total maximum exposure to loss		10,487		10,487
New Valley LLC \| Variable Interest Entity, Not Primary Beneficiary \| 9 DeKalb
Schedule of Investments [Line Items]
Range of ownership						5.50%
Investments in real estate ventures						$ 5,000
Total maximum exposure to loss		$ 5,234		$ 5,234
New Valley LLC \| Variable Interest Entity, Not Primary Beneficiary \| Park on Fifth (500 Alton Rd)
Schedule of Investments [Line Items]
Range of ownership		38.90%		38.90%
Investments in real estate ventures		$ 14,000		$ 14,000
Total maximum exposure to loss		$ 14,000		$ 14,000
New Valley LLC \| Variable Interest Entity, Primary Beneficiary
Schedule of Investments [Line Items]
Number of real estate ventures \| venture		2		2
VIE's assets		$ 976		$ 976				1,387
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		$ 133,312		$ 133,312				96,399
Total contributions				35,760	1,158
Distributions				4,659	38,860
Equity in earnings (losses) from real estate ventures		6,699	1,581	1,107	(2,856)
Total maximum exposure to loss		150,734		150,734
New Valley LLC \| Condominium and Mixed Use Development \| New York City SMSA
Schedule of Investments [Line Items]
Investments in real estate ventures		85,221		85,221				65,007
Total contributions				21,760	1,158
Distributions				3,380	38,860
Equity in earnings (losses) from real estate ventures		2,099	1,732	(1,127)	(1,880)
Impairment of long-term investments		4,445		8,311
Total maximum exposure to loss		90,143		90,143
New Valley LLC \| Condominium and Mixed Use Development \| All other U.S. areas
Schedule of Investments [Line Items]
Investments in real estate ventures		48,091		48,091				$ 31,392
Total contributions				14,000	0
Distributions				1,279	0
Equity in earnings (losses) from real estate ventures		4,600	(151)	2,234	(976)
Impairment of long-term investments			2,700		10,174
Total maximum exposure to loss		$ 60,591		$ 60,591
New Valley LLC \| Condominium and Mixed Use Development \| All other U.S. areas \| Monad Terrace
Schedule of Investments [Line Items]
Range of ownership		17.00%		17.00%				18.00%
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		$ 0		$ 0				$ 0
Total contributions				0	522
Distributions				79	295
Equity in earnings (losses) from real estate ventures		76	(1,111)	79	(4,408)
New Valley LLC \| Apartment Buildings \| New York City SMSA
Schedule of Investments [Line Items]
Total contributions				0	522
Equity in earnings (losses) from real estate ventures		0	(1,267)	0	(4,550)
New Valley LLC \| Apartment Buildings \| All other U.S. areas
Schedule of Investments [Line Items]
Investments in real estate ventures		0		0				0
Distributions				79	295
Equity in earnings (losses) from real estate ventures		$ 76	156	$ 79	142
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		$ 4,918		$ 4,918				18,116
Total contributions				172	167
Distributions				21,572	0
Equity in earnings (losses) from real estate ventures		332	(543)	8,202	(2,562)
Total maximum exposure to loss		4,918		4,918
New Valley LLC \| Hotels \| New York City SMSA
Schedule of Investments [Line Items]
Investments in real estate ventures		2,513		2,513				$ 15,782
Total contributions				172	167
Distributions				21,572	0
Equity in earnings (losses) from real estate ventures		(102)	(749)	8,132	(2,200)
Total maximum exposure to loss		$ 2,513		$ 2,513
New Valley LLC \| Hotels \| New York City SMSA \| Park Lane Hotel
Schedule of Investments [Line Items]
Range of ownership		1.00%		1.00%				5.20%
Distributions from real estate ventures				$ 20,788
Percent of interest in real estate venture sold				80.00%
Equity in earnings (losses) from real estate ventures				$ 10,328
New Valley LLC \| Hotels \| New York City SMSA \| Minimum
Schedule of Investments [Line Items]
Range of ownership		1.00%		1.00%
New Valley LLC \| Hotels \| New York City SMSA \| Maximum
Schedule of Investments [Line Items]
Range of ownership		18.40%		18.40%
New Valley LLC \| Hotels \| International
Schedule of Investments [Line Items]
Range of ownership		49.00%		49.00%
Investments in real estate ventures		$ 2,405		$ 2,405				$ 2,334
Equity in earnings (losses) from real estate ventures		434	206	70	(362)
Total maximum exposure to loss		2,405		2,405
New Valley LLC \| Commercial
Schedule of Investments [Line Items]
Investments in real estate ventures		9,436		9,436				8,920
Distributions				173	10,081
Equity in earnings (losses) from real estate ventures		(3)	45	631	799
Total maximum exposure to loss		$ 9,436		$ 9,436
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		$ 1,968		$ 1,968				1,867
Distributions				13	9
Equity in earnings (losses) from real estate ventures		(149)	(228)	114	(617)
Total maximum exposure to loss		$ 1,968		$ 1,968
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		$ 7,468		$ 7,468				7,053
Distributions				160	10,072
Equity in earnings (losses) from real estate ventures		146	273	517	1,416
Total maximum exposure to loss		7,468		7,468
New Valley LLC \| Other
Schedule of Investments [Line Items]
Investments in real estate ventures		11,903		11,903				$ 17,670
Total contributions				337	4,285
Distributions				8,088	657
Equity in earnings (losses) from real estate ventures		946	$ 322	1,983	649
Total maximum exposure to loss		$ 26,535		$ 26,535
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				$ 15,394	$ 16,603
Subsequent Event \| Douglas Elliman Realty, LLC \| Innova Risk Management
Schedule of Investments [Line Items]
Distributions from real estate ventures	$ 8,732
Percent of interest in real estate venture sold	50.00%
Potential earn out	$ 1,000
Potential earn out term	2 years

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement
Revenue	$ 1	$ 6	$ 4	$ 27
Other expenses	495	745	3,250	145,223
Loss from continuing operations	$ (494)	$ (739)	$ (3,246)	$ (145,196)

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Investments [Line Items]
Real estate investment, net		$ 28,009		$ 28,009		$ 26,220
New Valley LLC
Schedule of Investments [Line Items]
Real estate investment, net		28,009		28,009		26,220
New Valley LLC \| Escena
Schedule of Investments [Line Items]
Land and land improvements		8,910		8,910		8,910
Building and building improvements		1,926		1,926		1,900
Other		1,680		1,680		2,162
Investments in real estate, gross		12,516		12,516		12,972
Less accumulated depreciation		(2,467)		(2,467)		(2,802)
Real estate investment, net		10,049		10,049		10,170
Operating losses		(965)	$ (918)	(633)	$ (408)
New Valley LLC \| Sagaponack
Schedule of Investments [Line Items]
Real estate investment, net		$ 17,960		$ 17,960		$ 16,050
Payments to acquire real estate	$ 12,502

Notes Payable, Long-Term Debt_3

Notes Payable, Long-Term Debt and Other Obligations (Components of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 15, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 1,438,486		$ 1,666,445
Less: Debt issuance costs	(20,378)		(23,614)
Total notes payable, long-term debt and other obligations	1,418,108		1,642,831
Less: Current maturities	(239,867)		(256,134)
Amount due after one year	1,178,241		1,386,697
Fair value of derivatives embedded within convertible debt	0		24,789
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
Interest rate	6.125%
Senior Notes \| 10.5% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	10.50%
Variable Interest Senior Convertible Debt \| 10.5% Senior Notes due 2026
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 325,000		325,000
Variable Interest Senior Convertible Debt \| 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $0 and $3,359
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	0		226,641
Unamortized discount	$ 0		3,359
Interest rate	7.50%	7.50%
Fair value of derivatives embedded within convertible debt	$ 0		6,635
Variable Interest Senior Convertible Debt \| 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $13,107 and $29,465
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	218,893		202,535
Unamortized discount	$ 13,107		29,465
Interest rate	5.50%
Fair value of derivatives embedded within convertible debt	$ 11,105		24,789
Line of Credit \| Revolving credit facility \| Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	11,735		28,381
Line of Credit \| Term loan under credit facility \| Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	2,188		2,409
Equipment loans \| Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	446		1,039
Other
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 30,224		$ 30,440

Notes Payable, Long-Term Debt_4

Notes Payable, Long-Term Debt and Other Obligations (Senior Notes, Revolving Credit Facility and Term Loan) (Details) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2019USD ($)	Sep. 30, 2019USD ($)$ / shares	Dec. 31, 2018	Nov. 01, 2019USD ($)	Jan. 15, 2019
Senior Notes \| 10.5% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate		10.50%
Variable Interest Senior Convertible Debt \| 7.5% Variable Interest Senior Convertible Notes due 2019
Debt Instrument [Line Items]
Face amount of debt	$ 230,000
Accrued interest	$ 8,102
Interest rate		7.50%			7.50%
Variable Interest Senior Convertible Debt \| 5.5% Variable Interest Senior Convertible Debentures due 2020
Debt Instrument [Line Items]
Interest rate		5.50%
Conversion price (in dollars per share) \| $ / shares		$ 20.27
Conversion ratio (in shares)		49.3363	49.3363
Liggett \| Line of Credit
Debt Instrument [Line Items]
Amount outstanding		$ 13,923
Current borrowing capacity		$ 45,200
Liggett \| Subsequent Event \| Line of Credit
Debt Instrument [Line Items]
Remaining borrowing capacity				$ 60,000

Notes Payable, Long-Term Debt_5

Notes Payable, Long-Term Debt and Other Obligations (Non-Cash Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt Disclosure [Abstract]
Amortization of debt discount, net	$ 5,746	$ 22,871	$ 19,718	$ 61,450
Amortization of debt issuance costs	1,089	3,158	3,327	8,783
Non-cash interest expense	$ 6,835	$ 26,029	$ 23,045	$ 70,233

Notes Payable, Long-Term Debt_6

Notes Payable, Long-Term Debt and Other Obligations (Fair Value of Notes Payable and Long Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 1,438,486	$ 1,666,445
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,431,116	1,565,459
Senior Notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,175,000	1,175,000
Senior Notes \| Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,145,375	1,034,500
Variable Interest Senior Convertible Debt \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	218,893	429,176
Variable Interest Senior Convertible Debt \| Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	241,136	468,704
Liggett and other \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	44,593	62,269
Liggett and other \| Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 44,605	$ 62,255

Contingencies (Overview and Bon

Contingencies (Overview and Bonds) (Details) - Liggett - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2009
Loss Contingencies [Line Items]
Tobacco product liability legal expenses and costs	$ 5,627	$ 5,256
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 (Individual Actio

Contingencies (Individual Actions) (Details)	Sep. 30, 2019case
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	40
Liggett
Loss Contingencies [Line Items]
Cases pending	2
Liggett \| Individual Actions Cases \| Florida
Loss Contingencies [Line Items]
Cases pending	25
Liggett \| Individual Actions Cases \| Illinois
Loss Contingencies [Line Items]
Cases pending	7
Liggett \| Individual Actions Cases \| Louisiana
Loss Contingencies [Line Items]
Cases pending	2
Liggett \| Individual Actions Cases \| New York
Loss Contingencies [Line Items]
Cases pending	2
Liggett \| Individual Actions Cases \| West Virginia
Loss Contingencies [Line Items]
Cases pending	2
Liggett \| Individual Actions Cases \| Nevada
Loss Contingencies [Line Items]
Cases pending	1
Liggett \| Individual Actions Cases \| Ohio
Loss Contingencies [Line Items]
Cases pending	1

Contingencies (Cautionary State

Contingencies (Cautionary Statement About Engle Progeny Cases) (Details) $ in Thousands	Nov. 21, 1996USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2013USD ($)	Sep. 30, 2019case
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party \| $	$ 145,000,000
Liggett
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party \| $	$ 790,000
Liggett \| Engle Progeny Cases
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party \| $		$ 4,100	$ 1,400	$ 17,650	$ 110,000
Cases with verdicts						25
Cases with verdicts in favor of plaintiffs						16
Cases with verdicts in favor of defendants						9
Cases with verdicts in favor of plaintiffs and punitive damages awarded						5

Contingencies (Engle Progeny Ca

Contingencies (Engle Progeny Cases and Settlement) (Details) $ in Thousands	Nov. 21, 1996USD ($)	Sep. 30, 2017USD ($)case	Jun. 30, 2017USD ($)case	Dec. 31, 2016USD ($)case	Feb. 28, 2015	Oct. 31, 2013USD ($)case	Sep. 30, 2019USD ($)case	Sep. 30, 2018USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2019USD ($)case	Sep. 30, 2018USD ($)
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party	$ 145,000,000
Litigation settlement and judgment expense							$ 240	$ 0		$ 895	$ (1,944)
Liggett
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party	$ 790,000
Cases pending \| case							2			2
Liggett \| Engle Progeny Cases
Loss Contingencies [Line Items]
Cases settled \| case		20	9	124		4,900
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 amount paid in installment payments						48,000
Litigation settlement, installment term					14 years
Litigation settlement amount of estimated future payments per annum						$ 3,400
Litigation settlement and judgment expense									$ 17,650
Liggett and Vector Tobacco \| Engle Progeny Cases
Loss Contingencies [Line Items]
Cases settled \| case										187
Amount of litigation settlement awarded to other party										$ 7,700
Cases pending \| case							60			60

Contingencies (Appeals of Engle

Contingencies (Appeals of Engle Progeny Judgments, Maryland and Only Liggett Cases) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)case
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	40
Liggett
Loss Contingencies [Line Items]
Cases pending	2
Liggett \| Lukacs, Campbell, Douglas, Clay, Tullo, Ward Rizzuto, Lambert and Buchanan
Loss Contingencies [Line Items]
Payments for legal settlements \| $	$ 39,773
Liggett \| Santoro v. R.J. Reynolds
Loss Contingencies [Line Items]
Payments for legal settlements \| $	$ 160
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)	1 Months Ended
	Oct. 31, 2013case	May 31, 2013case	Sep. 30, 2019defendantcase	Dec. 31, 2001case
Parsons v. AC & S Inc.
Loss Contingencies [Line Items]
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
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending			40
Pending claims scheduled for trial			2
Engle Progeny Cases
Loss Contingencies [Line Items]
Pending claims scheduled for trial			3
Liggett
Loss Contingencies [Line Items]
Cases pending			2
Liggett \| Class Actions
Loss Contingencies [Line Items]
Cases pending			3
Liggett \| Crow Creek Sioux Tribe v. American Tobacco Company
Loss Contingencies [Line Items]
Cases pending			1
Liggett \| Individual Actions Cases \| West Virginia
Loss Contingencies [Line Items]
Cases pending			2

Contingencies (MSA and Other St

Contingencies (MSA and Other State Settlement Agreements) (Details)	Dec. 28, 2017USD ($)	Sep. 30, 2019USD ($)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		$ 166,000,000
Payments for legal settlements	$ 132,500,000
Product Concentration Risk \| Sales Revenue \| Liggett and Vector Tobacco
Loss Contingencies [Line Items]
Concentration risk percentage		4.00%

Contingencies (Certain MSA Disp

Contingencies (Certain MSA Disputes) (Details) $ in Thousands	9 Months Ended	72 Months Ended
	Sep. 30, 2019USD ($)state	Dec. 31, 2018USD ($)
2003 NPM Adjustment
Loss Contingencies [Line Items]
Number of states agreed to single arbitration \| state	48
Aggregate number of settling states \| state	49
Number of settling states with diligence not contested \| state	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 \| $		$ 32,840
Liggett \| 2011-2015 NPM Adjustment
Loss Contingencies [Line Items]
Amounts accrued \| $	$ 36,300

Contingencies (Other State Sett

Contingencies (Other State Settlements) (Details)	Nov. 21, 1996USD ($)	Sep. 30, 2019USD ($)	Jul. 31, 2019USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2003USD ($)	Mar. 31, 1998USD ($)state	Mar. 21, 2019USD ($)
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party	$ 145,000,000,000
Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Annual payment requirement							$ 9,000,000,000
Liggett
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party	$ 790,000,000
Liggett \| Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Number of states not included in settlement agreement \| state							4
Minnesota \| Liggett \| Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Annual payment requirement						$ 100,000
Florida \| Liggett \| Health Care Cost Recovery Actions
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 \| Health Care Cost Recovery Actions
Loss Contingencies [Line Items]
Damages sought		$ 17,500,000	$ 14,400,000	$ 27,000,000
Proceeds that should not be included in income								$ 294,000,000
Percent of income entitled								0.50%

Contingencies (Activity in Accr

Contingencies (Activity in Accruals for MSA and Tobacco Litigation Schedule) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	$ 36,871	$ 12,645
Expenses	126,806	128,085
NPM Settlement adjustment		(595)
Change in MSA obligations capitalized as inventory	2,756	605
Payments	(32,314)	(10,288)
Interest on withholding	187	26
Current liabilities, ending balance	136,752	130,049
Noncurrent liabilities, beginning balance	38,177	41,319
Expenses	0	0
NPM Settlement adjustment		(5,703)
Payments	0	(40)
Reclassification to/(from) non-current liabilities	2,446	(429)
Interest on withholding	1,600	1,602
Noncurrent liabilities, ending balance	37,331	37,607
Payments due under Master Settlement Agreement
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	36,561	12,385
Expenses	125,911	127,510
NPM Settlement adjustment		(595)
Change in MSA obligations capitalized as inventory	2,756	605
Payments	(31,959)	(9,463)
Interest on withholding	0	0
Current liabilities, ending balance	132,377	129,795
Noncurrent liabilities, beginning balance	16,383	21,479
Expenses	0	0
NPM Settlement adjustment		(5,703)
Payments	0	(40)
Reclassification to/(from) non-current liabilities	(892)	(647)
Interest on withholding	0	0
Noncurrent liabilities, ending balance	17,275	16,383
Litigation Accruals
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	310	260
Expenses	895	575
NPM Settlement adjustment		0
Change in MSA obligations capitalized as inventory	0	0
Payments	(355)	(825)
Interest on withholding	187	26
Current liabilities, ending balance	4,375	254
Noncurrent liabilities, beginning balance	21,794	19,840
Expenses	0	0
NPM Settlement adjustment		0
Payments	0	0
Reclassification to/(from) non-current liabilities	3,338	218
Interest on withholding	1,600	1,602
Noncurrent liabilities, ending balance	$ 20,056	$ 21,224

Contingencies (Other Matters) (

Contingencies (Other Matters) (Details) - Liggett and Vector Tobacco - Bonds - Maximum - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2019	Sep. 30, 2019
Loss Contingencies [Line Items]
Estimate of possible loss		$ 500
Program charge	$ 212

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost — benefits earned during the period	$ 133	$ 147	$ 400	$ 441
Interest cost on projected benefit obligation	1,215	1,124	3,645	3,370
Expected return on assets	(1,218)	(1,393)	(3,655)	(4,179)
Amortization of prior service cost	0	0	0	0
Amortization of net loss (gain)	500	451	1,502	1,354
Net expense	630	329	1,892	986
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost — benefits earned during the period	0	2	1	3
Interest cost on projected benefit obligation	87	82	260	246
Expected return on assets	0	0	0	0
Amortization of prior service cost	1	0	3	0
Amortization of net loss (gain)	(9)	(10)	(63)	(30)
Net expense	$ 79	$ 74	$ 201	$ 219

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 49,744	$ 29,714	$ 128,292	$ 67,082
Income tax expense using estimated annual effective income tax rate	14,844	15,194	38,378	33,809
Changes in effective tax rates	(785)	1,895	0	0
Change in estimate for the impact of Tax Cuts and Jobs Act of 2017	0	(162)	0	(1,971)
Impact of discrete items, net	(323)	(2,241)	(434)	(2,444)
Income tax expense	$ 13,736	$ 14,686	$ 37,944	$ 29,394

Investments and Fair Value Me_3

Investments and Fair Value Measurements (Fair Value Measurements) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets:
Investment securities available for sale	$ 140,690,000
Equity securities at fair value	46,123,000	$ 47,202,000
Equity securities at fair value that qualify for the NAV practical expedient	52,384,000	54,628,000
Total	490,385,000	683,605,000
Liabilities:
Fair value of contingent liability	5,204,000	6,304,000
Fair value of derivatives embedded within convertible debt	11,105,000	31,424,000
Total	16,309,000	37,728,000
Nonrecurring nonfinancial assets subject to fair value measurements	$ 0	0
5.5% Variable Interest Senior Convertible Debentures due 2020 \| Variable Interest Senior Convertible Debt
Liabilities:
Interest rate	5.50%
Marketable equity securities
Assets:
Investment securities available for sale	$ 23,909,000	26,010,000
Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale	22,214,000	21,192,000
Equity Securities [Member]
Assets:
Investment securities available for sale	46,123,000	47,202,000
U.S. Government securities
Assets:
Investment securities available for sale	17,543,000
Corporate securities
Assets:
Investment securities available for sale	50,159,000
U.S. mortgage-backed securities
Assets:
Investment securities available for sale	10,361,000
Commercial mortgage-backed securities
Assets:
Investment securities available for sale	388,000
Index-linked U.S. bonds
Assets:
Investment securities available for sale	1,174,000
Foreign fixed-income securities
Assets:
Investment securities available for sale	1,008,000
Total debt securities available for sale
Assets:
Investment securities available for sale	94,567,000
Money market funds
Assets:
Cash and cash equivalents	255,579,000
Commercial paper
Assets:
Cash and cash equivalents	39,011,000
Certificates of deposit
Assets:
Cash and cash equivalents	2,186,000
Money market funds securing legal bonds
Assets:
Cash and cash equivalents	535,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Investment securities available for sale	46,123,000
Equity securities at fair value that qualify for the NAV practical expedient	0	0
Total	302,237,000	496,297,000
Liabilities:
Fair value of contingent liability	0	0
Fair value of derivatives embedded within convertible debt	0	0
Total	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Marketable equity securities
Assets:
Investment securities available for sale		26,010,000
Equity securities at fair value	23,909,000	26,010,000
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale		21,192,000
Equity securities at fair value	22,214,000	21,192,000
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Equity Securities [Member]
Assets:
Investment securities available for sale	46,123,000	47,202,000
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) \| Commercial paper
Assets:
Investment securities available for sale	0	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	255,579,000
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	535,000
Significant Other Observable Inputs (Level 2)
Assets:
Investment securities available for sale	94,567,000
Equity securities at fair value that qualify for the NAV practical expedient	0	0
Total	135,764,000	132,680,000
Liabilities:
Fair value of contingent liability	0	0
Fair value of derivatives embedded within convertible debt	0	0
Total	0	0
Significant Other Observable Inputs (Level 2) \| Marketable equity securities
Assets:
Investment securities available for sale	0	0
Significant Other Observable Inputs (Level 2) \| Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale	0	0
Significant Other Observable Inputs (Level 2) \| Equity Securities [Member]
Assets:
Investment securities available for sale	0	0
Significant Other Observable Inputs (Level 2) \| U.S. Government securities
Assets:
Investment securities available for sale	17,543,000
Significant Other Observable Inputs (Level 2) \| Corporate securities
Assets:
Investment securities available for sale	50,159,000
Significant Other Observable Inputs (Level 2) \| U.S. mortgage-backed securities
Assets:
Investment securities available for sale	10,361,000
Significant Other Observable Inputs (Level 2) \| Commercial mortgage-backed securities
Assets:
Investment securities available for sale	388,000
Significant Other Observable Inputs (Level 2) \| Commercial paper
Assets:
Investment securities available for sale	13,934,000	5,870,000
Significant Other Observable Inputs (Level 2) \| Index-linked U.S. bonds
Assets:
Investment securities available for sale	1,174,000
Significant Other Observable Inputs (Level 2) \| Foreign fixed-income securities
Assets:
Investment securities available for sale	1,008,000
Significant Other Observable Inputs (Level 2) \| Total debt securities available for sale
Assets:
Investment securities available for sale	94,567,000
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	39,011,000
Significant Other Observable Inputs (Level 2) \| Certificates of deposit
Assets:
Cash and cash equivalents	2,186,000
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	0
Total	0	0
Liabilities:
Fair value of contingent liability	5,204,000	6,304,000
Fair value of derivatives embedded within convertible debt	11,105,000	31,424,000
Total	16,309,000	37,728,000
Significant Unobservable Inputs (Level 3) \| Marketable equity securities
Assets:
Investment securities available for sale	0	0
Significant Unobservable Inputs (Level 3) \| Mutual funds invested in fixed-income securities
Assets:
Investment securities available for sale	0	0
Significant Unobservable Inputs (Level 3) \| Equity Securities [Member]
Assets:
Investment securities available for sale	0	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) \| Commercial paper
Assets:
Investment securities available for sale	0	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		131,569,000
Fair Value, Measurements, Recurring \| U.S. Government securities
Assets:
Investment securities available for sale		28,514,000
Fair Value, Measurements, Recurring \| Corporate securities
Assets:
Investment securities available for sale		41,733,000
Fair Value, Measurements, Recurring \| U.S. mortgage-backed securities
Assets:
Investment securities available for sale		4,369,000
Fair Value, Measurements, Recurring \| Commercial mortgage-backed securities
Assets:
Investment securities available for sale		401,000
Fair Value, Measurements, Recurring \| Commercial paper
Assets:
Investment securities available for sale	13,934,000	5,870,000
Fair Value, Measurements, Recurring \| Index-linked U.S. bonds
Assets:
Investment securities available for sale		2,330,000
Fair Value, Measurements, Recurring \| Foreign fixed-income securities
Assets:
Investment securities available for sale		1,150,000
Fair Value, Measurements, Recurring \| Total debt securities available for sale
Assets:
Investment securities available for sale		84,367,000
Fair Value, Measurements, Recurring \| Money market funds
Assets:
Cash and cash equivalents		448,560,000
Fair Value, Measurements, Recurring \| Commercial paper
Assets:
Cash and cash equivalents		46,062,000
Fair Value, Measurements, Recurring \| Commercial paper \| Current Restricted Assets
Assets:
Cash and cash equivalents	3,660,000	2,570,000
Fair Value, Measurements, Recurring \| Commercial paper \| Restricted Assets
Assets:
Cash and cash equivalents	$ 3,910,000	3,910,000
Fair Value, Measurements, Recurring \| Certificates of deposit
Assets:
Cash and cash equivalents		2,251,000
Fair Value, Measurements, Recurring \| Money market funds securing legal bonds
Assets:
Cash and cash equivalents		535,000
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Investment securities available for sale		47,202,000
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) \| 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		448,560,000
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		535,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets:
Investment securities available for sale		84,367,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. Government securities
Assets:
Investment securities available for sale		28,514,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Corporate securities
Assets:
Investment securities available for sale		41,733,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. mortgage-backed securities
Assets:
Investment securities available for sale		4,369,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Commercial mortgage-backed securities
Assets:
Investment securities available for sale		401,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Index-linked U.S. bonds
Assets:
Investment securities available for sale		2,330,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Foreign fixed-income securities
Assets:
Investment securities available for sale		1,150,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Total debt securities available for sale
Assets:
Investment securities available for sale		84,367,000
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		46,062,000
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Certificates of deposit
Assets:
Cash and cash equivalents		2,251,000
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
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) \| 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
Douglas Elliman
Liabilities:
Percent of voting interest acquired	29.41%

Investments and Fair Value Me_4

Investments and Fair Value Measurements (Quantitative Information about Level 3 Fair Value Measurements) (Details) $ in Thousands	Mar. 31, 2020$ / shares	Dec. 31, 2019$ / shares	Sep. 30, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt			$ 0	$ 24,789
Fair value of contingent liability			5,204	6,304
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability			5,204	6,304
Estimated fair value of the Douglas Elliman reporting unit			320,000	320,000
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			$ 11,105	$ 31,424
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
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			11.91	9.73
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			1.0394	1.0031
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			0.4225	0.2039
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			0.0270	0.085
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			0.0170	0.080
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			0.0370	0.090
Monte Carlo Simulation Model \| Significant Unobservable Inputs (Level 3) \| Risk-free rate for a 4-year term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability, measurement input			0.0154	0.0245
Monte Carlo Simulation Model \| Significant Unobservable Inputs (Level 3) \| Leverage-adjusted equity volatility of peer firms
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability, measurement input			0.3391	0.3022
Forecast \| 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	0.20	0.40

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenues		$ 504,790	$ 513,869	$ 1,464,146	$ 1,424,323
Operating income (loss)		66,720	66,018	185,554	175,963
Equity in earnings (losses) from real estate ventures		8,050	294	12,002	(8,378)
Depreciation and amortization		4,430	4,707	13,362	14,043
Capital expenditures				10,158	12,546
Litigation judgment expense		240	0	895	(1,944)
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues		0	0	0	0
Operating income (loss)		(6,707)	(6,356)	(20,712)	(19,444)
Equity in earnings (losses) from real estate ventures		0	0	0	0
Depreciation and amortization		249	250	749	767
Capital expenditures				0	15
Tobacco
Segment Reporting Information [Line Items]
Total revenues	[1]	303,260	302,009	854,517	843,958
Litigation judgment expense		240		895	525
Litigation settlement income					(6,298)
Tobacco \| Operating Segments
Segment Reporting Information [Line Items]
Total revenues			302,009		843,958
Operating income (loss)		72,799	63,259	201,594	189,185
Equity in earnings (losses) from real estate ventures		0	0	0	0
Depreciation and amortization		1,941	2,059	5,848	6,171
Capital expenditures				3,425	4,175
Real estate
Segment Reporting Information [Line Items]
Total revenues		201,530	211,860	609,629	580,365
Litigation settlement income					(2,469)
Real estate \| Operating Segments
Segment Reporting Information [Line Items]
Total revenues		201,530	211,860	609,629	580,365
Operating income (loss)		628	9,115	4,672	6,222
Equity in earnings (losses) from real estate ventures		8,050	294	12,002	(8,378)
Depreciation and amortization		$ 2,240	$ 2,398	6,765	7,105
Capital expenditures				$ 6,733	$ 8,356

[1]	Revenues and cost of sales include federal excise taxes of $122,951 , $130,428 , $347,527 , and $359,199 , respectively.

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 319,298		$ 584,581
Investment securities at fair value	140,690		131,569
Accounts receivable - trade, net	42,653		34,246
Intercompany receivables	0		0
Inventories	99,179		90,997
Income taxes receivable, net	0		0
Other current assets	32,548		30,828
Total current assets	634,368		872,221
Property, plant and equipment, net	83,932		86,736
Investments in real estate, net	28,009		26,220
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	66,915		66,259
Investments in real estate ventures	159,569		141,105
Operating lease right of use assets	148,387
Investments in consolidated subsidiaries	0		0
Goodwill and other intangible assets, net	266,034		266,611
Other assets	99,470		90,352
Total assets	1,486,684		1,549,504
Current liabilities:
Current portion of notes payable and long-term debt	239,867		256,134
Current portion of fair value of derivatives embedded within convertible debt	11,105		6,635
Current portion of employee benefits			0
Intercompany payables	0		0
Income taxes payable, net	29,427		5,252
Litigation accruals and current payments due under the Master Settlement Agreement	132,377		36,561
Current operating lease liability	19,344
Other current liabilities	174,722		180,338
Total current liabilities	606,842		484,920
Notes payable, long-term debt and other obligations, less current portion	1,178,241		1,386,697
Fair value of derivatives embedded within convertible debt	0		24,789
Non-current employee benefits	62,560		61,288
Deferred income taxes, net	34,378		37,411
Non-current operating lease liability	154,254
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	79,082		101,765
Total liabilities	2,115,357		2,096,870
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(629,161)		(548,059)
Non-controlling interest	488		693
Total stockholders' deficiency	(628,673)	$ (606,696)	(547,366)	$ (472,450)	$ (428,719)	$ (331,760)
Total liabilities and stockholders' deficiency	1,486,684		1,549,504
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	(43,701)		(38,391)
Inventories	0		0
Income taxes receivable, net	(128)		(1,268)
Other current assets	0		0
Total current assets	(43,829)		(39,659)
Property, plant and equipment, net	0		0
Investments in real estate, net	0		0
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	0		0
Investments in real estate ventures	0		0
Operating lease right of use assets	0
Investments in consolidated subsidiaries	(698,195)		(683,401)
Goodwill and other intangible assets, net	0		0
Other assets	(497)		0
Total assets	(742,521)		(723,060)
Current liabilities:
Current portion of notes payable and long-term debt	(7,500)		0
Current portion of fair value of derivatives embedded within convertible debt	0		0
Current portion of employee benefits			0
Intercompany payables	(43,701)		(38,391)
Income taxes payable, net	(128)		(1,268)
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	0
Other current liabilities	(673)		0
Total current liabilities	(52,002)		(39,659)
Notes payable, long-term debt and other obligations, less current portion	(22,500)		0
Fair value of derivatives embedded within convertible debt			0
Non-current employee benefits	0		0
Deferred income taxes, net	0		0
Non-current operating lease liability	0
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	(5,204)		0
Total liabilities	(79,706)		(39,659)
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(662,815)		(683,401)
Non-controlling interest	0		0
Total stockholders' deficiency	(662,815)		(683,401)
Total liabilities and stockholders' deficiency	(742,521)		(723,060)
Parent/Issuer \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	131,517		474,880
Investment securities at fair value	140,690		131,569
Accounts receivable - trade, net	0		0
Intercompany receivables	43,701		38,391
Inventories	0		0
Income taxes receivable, net	0		0
Other current assets	650		1,500
Total current assets	316,558		646,340
Property, plant and equipment, net	343		506
Investments in real estate, net	0		0
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	66,915		66,259
Investments in real estate ventures	0		0
Operating lease right of use assets	7,358
Investments in consolidated subsidiaries	450,973		431,288
Goodwill and other intangible assets, net	0		0
Other assets	14,948		14,616
Total assets	857,095		1,159,009
Current liabilities:
Current portion of notes payable and long-term debt	217,894		226,343
Current portion of fair value of derivatives embedded within convertible debt	11,105		6,635
Current portion of employee benefits			0
Intercompany payables	0		0
Income taxes payable, net	25,064		5,257
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	693
Other current liabilities	40,861		55,915
Total current liabilities	295,617		294,150
Notes payable, long-term debt and other obligations, less current portion	1,155,622		1,354,219
Fair value of derivatives embedded within convertible debt			24,789
Non-current employee benefits	47,124		45,615
Deferred income taxes, net	(19,991)		(13,084)
Non-current operating lease liability	7,625
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	259		1,379
Total liabilities	1,486,256		1,707,068
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(629,161)		(548,059)
Non-controlling interest	0		0
Total stockholders' deficiency	(629,161)		(548,059)
Total liabilities and stockholders' deficiency	857,095		1,159,009
Subsidiary Guarantors \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	108,713		23,308
Investment securities at fair value	0		0
Accounts receivable - trade, net	17,916		15,440
Intercompany receivables	0		0
Inventories	99,179		90,997
Income taxes receivable, net	0		0
Other current assets	7,069		7,599
Total current assets	232,877		137,344
Property, plant and equipment, net	35,217		38,562
Investments in real estate, net	0		0
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	0		0
Investments in real estate ventures	0		0
Operating lease right of use assets	4,933
Investments in consolidated subsidiaries	247,222		252,113
Goodwill and other intangible assets, net	107,511		107,511
Other assets	39,453		38,154
Total assets	667,213		573,684
Current liabilities:
Current portion of notes payable and long-term debt	21,774		29,480
Current portion of fair value of derivatives embedded within convertible debt	0		0
Current portion of employee benefits			0
Intercompany payables	259		479
Income taxes payable, net	4,491		1,263
Litigation accruals and current payments due under the Master Settlement Agreement	132,377		36,561
Current operating lease liability	1,949
Other current liabilities	74,776		73,279
Total current liabilities	235,626		141,062
Notes payable, long-term debt and other obligations, less current portion	22,594		2,349
Fair value of derivatives embedded within convertible debt			0
Non-current employee benefits	15,436		15,673
Deferred income taxes, net	22,048		17,732
Non-current operating lease liability	3,579
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	42,537		38,179
Total liabilities	341,820		214,995
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	325,393		358,689
Non-controlling interest	0		0
Total stockholders' deficiency	325,393		358,689
Total liabilities and stockholders' deficiency	667,213		573,684
Subsidiary Non-Guarantors \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	79,068		86,393
Investment securities at fair value	0		0
Accounts receivable - trade, net	24,737		18,806
Intercompany receivables	0		0
Inventories	0		0
Income taxes receivable, net	128		1,268
Other current assets	24,829		21,729
Total current assets	128,762		128,196
Property, plant and equipment, net	48,372		47,668
Investments in real estate, net	28,009		26,220
Long-term investments (of which $52,384 and $54,628 were carried at fair value)	0		0
Investments in real estate ventures	159,569		141,105
Operating lease right of use assets	136,096
Investments in consolidated subsidiaries	0		0
Goodwill and other intangible assets, net	158,523		159,100
Other assets	45,566		37,582
Total assets	704,897		539,871
Current liabilities:
Current portion of notes payable and long-term debt	7,699		311
Current portion of fair value of derivatives embedded within convertible debt	0		0
Current portion of employee benefits			0
Intercompany payables	43,442		37,912
Income taxes payable, net	0		0
Litigation accruals and current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	16,702
Other current liabilities	59,758		51,144
Total current liabilities	127,601		89,367
Notes payable, long-term debt and other obligations, less current portion	22,525		30,129
Fair value of derivatives embedded within convertible debt			0
Non-current employee benefits	0		0
Deferred income taxes, net	32,321		32,763
Non-current operating lease liability	143,050
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	41,490		62,207
Total liabilities	366,987		214,466
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	337,422		324,712
Non-controlling interest	488		693
Total stockholders' deficiency	337,910		325,405
Total liabilities and stockholders' deficiency	$ 704,897		$ 539,871

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information (Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 504,790	$ 513,869	$ 1,464,146	$ 1,424,323
Expenses:
Cost of sales	345,456	360,302	999,650	987,343
Operating, selling, administrative and general expenses	92,374	87,549	278,047	262,961
Litigation settlement and judgment expense	240	0	895	(1,944)
Management fee expense	0	0	0	0
Operating income	66,720	66,018	185,554	175,963
Other income (expenses):
Interest expense	(32,963)	(51,084)	(103,236)	(145,452)
Change in fair value of derivatives embedded within convertible debt	6,182	10,005	20,319	31,289
Equity in earnings (losses) from real estate ventures	8,050	294	12,002	(8,378)
Equity in earnings in consolidated subsidiaries	0	0	0	0
Management fee income	0	0	0	0
Other, net	1,755	4,481	13,653	13,660
Income before provision for income taxes	49,744	29,714	128,292	67,082
Income tax benefit (expense)	(13,736)	(14,686)	(37,944)	(29,394)
Net income	36,008	15,028	90,348	37,688
Net income attributed to non-controlling interest	0	(3,026)	(80)	(657)
Net income attributed to Vector Group Ltd.	36,008	12,002	90,268	37,031
Comprehensive income attributed to non-controlling interest	0	(3,026)	(80)	(657)
Comprehensive income attributed to Vector Group Ltd.	36,352	12,320	91,798	37,918
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	0		0	0
Management fee expense	(2,993)	(2,878)	(8,978)	(8,632)
Operating income	2,993	2,878	8,978	8,632
Other income (expenses):
Interest expense	225	0	673	0
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings in consolidated subsidiaries	(63,376)	(50,102)	(169,528)	(136,615)
Management fee income	(2,993)	(2,878)	(8,978)	(8,632)
Other, net	(1,100)	0	(1,100)	0
Income before provision for income taxes	(64,251)	(50,102)	(169,955)	(136,615)
Income tax benefit (expense)	0	0	0	0
Net income	(64,251)	(50,102)	(169,955)	(136,615)
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	(64,251)	(50,102)	(169,955)	(136,615)
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	(64,486)	(50,249)	(170,659)	(137,046)
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	9,490	8,915	28,836	26,331
Litigation settlement and judgment expense	0		0	0
Management fee expense	0	0	0	0
Operating income	(9,490)	(8,915)	(28,836)	(26,331)
Other income (expenses):
Interest expense	(32,023)	(50,317)	(100,277)	(143,286)
Change in fair value of derivatives embedded within convertible debt	6,182	10,005	20,319	31,289
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings in consolidated subsidiaries	61,483	50,102	162,911	136,615
Management fee income	2,993	2,878	8,978	8,632
Other, net	(655)	5,079	9,307	13,899
Income before provision for income taxes	28,490	8,832	72,402	20,818
Income tax benefit (expense)	7,518	3,170	17,866	16,213
Net income	36,008	12,002	90,268	37,031
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	36,008	12,002	90,268	37,031
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	36,352	12,320	91,798	37,918
Subsidiary Guarantors \| Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	303,379	302,128	854,875	844,316
Expenses:
Cost of sales	209,192	219,769	590,956	597,492
Operating, selling, administrative and general expenses	18,376	16,497	53,234	49,342
Litigation settlement and judgment expense	240		895	525
Management fee expense	2,993	2,878	8,978	8,632
Operating income	72,578	62,984	200,812	188,325
Other income (expenses):
Interest expense	(937)	(760)	(2,947)	(2,103)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in earnings (losses) from real estate ventures	0	0	0	0
Equity in earnings in consolidated subsidiaries	1,893	0	6,617
Management fee income	0	0	0	0
Other, net	1,702	(940)	2,302	(1,259)
Income before provision for income taxes	75,236	61,284	206,784	184,963
Income tax benefit (expense)	(18,231)	(15,885)	(50,297)	(47,433)
Net income	57,005	45,399	156,487	137,530
Net income attributed to non-controlling interest	0	0	0	0
Net income attributed to Vector Group Ltd.	57,005	45,399	156,487	137,530
Comprehensive income attributed to non-controlling interest	0	0	0	0
Comprehensive income attributed to Vector Group Ltd.	57,240	45,546	157,191	137,961
Subsidiary Non-Guarantors \| Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	201,530	211,860	609,629	580,365
Expenses:
Cost of sales	136,264	140,533	408,694	389,851
Operating, selling, administrative and general expenses	64,627	62,256	196,335	187,646
Litigation settlement and judgment expense	0		0	(2,469)
Management fee expense	0	0	0	0
Operating income	639	9,071	4,600	5,337
Other income (expenses):
Interest expense	(228)	(7)	(685)	(63)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in earnings (losses) from real estate ventures	8,050	294	12,002	(8,378)
Equity in earnings in consolidated subsidiaries	0	0	0	0
Management fee income	0	0	0	0
Other, net	1,808	342	3,144	1,020
Income before provision for income taxes	10,269	9,700	19,061	(2,084)
Income tax benefit (expense)	(3,023)	(1,971)	(5,513)	1,826
Net income	7,246	7,729	13,548	(258)
Net income attributed to non-controlling interest	0	(3,026)	(80)	(657)
Net income attributed to Vector Group Ltd.	7,246	4,703	13,468	(915)
Comprehensive income attributed to non-controlling interest	0	(3,026)	(80)	(657)
Comprehensive income attributed to Vector Group Ltd.	$ 7,246	$ 4,703	$ 13,468	$ (915)

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information (Statements of Cash Flows) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 195,349	$ 209,808
Cash flows from investing activities:
Sale of investment securities	16,186	14,895
Maturities of investment securities	45,798	16,899
Purchase of investment securities	(76,094)	(22,516)
Purchase of long-term investments	(1,000)	0
Investments in real estate ventures	(36,269)	(6,132)
Purchase of subsidiaries	(323)	(370)
Distributions from investments in real estate ventures	30,934	37,819
Increase in cash surrender value of life insurance policies	(773)	(806)
Decrease in restricted assets	661	254
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets	17	0
Capital expenditures	(10,158)	(12,546)
Repayments of notes receivable	0	67
Pay downs of investment securities	828	1,293
Investments in real estate, net	(1,910)	(1,495)
Net cash (used in) provided by investing activities	(32,103)	27,362
Cash flows from financing activities:
Deferred financing costs	(36)	0
Repayments of debt	(230,874)	(1,490)
Borrowings under revolver	204,506	261,058
Repayments on revolver	(221,373)	(264,654)
Capital contributions received	0	0
Intercompany dividends paid	0	0
Dividends and distributions on common stock	(179,449)	(169,571)
Distributions to non-controlling interest	(285)	(2,521)
Proceeds from issuance of Vector common stock	0
Proceeds from exercise of Vector options	0
Tax benefit of options exercised	0
Other	(46)	0
Net cash used in financing activities	(427,557)	(177,178)
Net (decrease) increase in cash, cash equivalents and restricted cash	(264,311)	59,992
Cash, cash equivalents and restricted cash, beginning of period	591,729	310,937
Cash, cash equivalents and restricted cash, end of period	327,418	370,929
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(195,005)	(174,152)
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Purchase of long-term investments	0
Investments in real estate ventures	0	0
Purchase of subsidiaries	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
Investments in subsidiaries	42,604	8,103
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 (used in) provided by investing activities	42,604	(11,897)
Cash flows from financing activities:
Deferred financing costs	0
Repayments of debt	0	20,000
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	(42,604)	(8,103)
Intercompany dividends paid	195,005	174,152
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	0
Proceeds from exercise of Vector options	0
Tax benefit of options exercised	0
Other	0
Net cash used in financing activities	152,401	186,049
Net (decrease) 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	122,305	118,890
Cash flows from investing activities:
Sale of investment securities	16,186	10,940
Maturities of investment securities	45,798	16,899
Purchase of investment securities	(76,094)	(22,516)
Purchase of long-term investments	0
Investments in real estate ventures	0	0
Purchase of subsidiaries	0	0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(311)	(345)
Decrease in restricted assets	(22)	14
Investments in subsidiaries	(42,604)	(8,103)
Proceeds from sale of fixed assets	0
Capital expenditures	0	(15)
Repayments of notes receivable		20,000
Pay downs of investment securities	828	1,293
Investments in real estate, net	0	0
Net cash (used in) provided by investing activities	(56,219)	18,167
Cash flows from financing activities:
Deferred financing costs	0
Repayments of debt	(230,000)	0
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	(179,449)	(169,571)
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	0
Proceeds from exercise of Vector options	0
Tax benefit of options exercised	0
Other	0
Net cash used in financing activities	(409,449)	(169,571)
Net (decrease) increase in cash, cash equivalents and restricted cash	(343,363)	(32,514)
Cash, cash equivalents and restricted cash, beginning of period	474,880	194,719
Cash, cash equivalents and restricted cash, end of period	131,517	162,205
Subsidiary Guarantors \| Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	259,426	244,377
Cash flows from investing activities:
Sale of investment securities	0	3,955
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Purchase of long-term investments	0
Investments in real estate ventures	0	0
Purchase of subsidiaries	0	0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(462)	(461)
Decrease in restricted assets	683	240
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets	8
Capital expenditures	(3,425)	(4,175)
Repayments of notes receivable		0
Pay downs of investment securities	0	0
Investments in real estate, net	0	0
Net cash (used in) provided by investing activities	(3,196)	(441)
Cash flows from financing activities:
Deferred financing costs	(36)
Repayments of debt	(720)	(21,263)
Borrowings under revolver	204,506	261,058
Repayments on revolver	(221,373)	(264,654)
Capital contributions received	675	650
Intercompany dividends paid	(153,868)	(128,308)
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	0
Proceeds from exercise of Vector options	0
Tax benefit of options exercised	0
Other	0
Net cash used in financing activities	(170,816)	(152,517)
Net (decrease) increase in cash, cash equivalents and restricted cash	85,414	91,419
Cash, cash equivalents and restricted cash, beginning of period	23,849	20,175
Cash, cash equivalents and restricted cash, end of period	109,263	111,594
Subsidiary Non-Guarantors \| Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	8,623	20,693
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Purchase of long-term investments	(1,000)
Investments in real estate ventures	(36,269)	(6,132)
Purchase of subsidiaries	(323)	(370)
Distributions from investments in real estate ventures	30,934	37,819
Increase in cash surrender value of life insurance policies	0	0
Decrease in restricted assets	0	0
Investments in subsidiaries	0	0
Proceeds from sale of fixed assets	9
Capital expenditures	(6,733)	(8,356)
Repayments of notes receivable		67
Pay downs of investment securities	0	0
Investments in real estate, net	(1,910)	(1,495)
Net cash (used in) provided by investing activities	(15,292)	21,533
Cash flows from financing activities:
Deferred financing costs	0
Repayments of debt	(154)	(227)
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	41,929	7,453
Intercompany dividends paid	(41,137)	(45,844)
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	(285)	(2,521)
Proceeds from issuance of Vector common stock	0
Proceeds from exercise of Vector options	0
Tax benefit of options exercised	0
Other	(46)
Net cash used in financing activities	307	(41,139)
Net (decrease) increase in cash, cash equivalents and restricted cash	(6,362)	1,087
Cash, cash equivalents and restricted cash, beginning of period	93,000	96,043
Cash, cash equivalents and restricted cash, end of period	$ 86,638	$ 97,130