Vector (VGR) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Aug. 05, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
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	2020
Document Fiscal Period Focus	Q2
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		153,293,358

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 540,363	$ 371,341
Investment securities at fair value	88,643	129,641
Accounts receivable - trade, net	32,760	36,959
Inventories	98,609	98,762
Other current assets	38,363	44,911
Total current assets	798,738	681,614
Property, plant and equipment, net	77,617	82,160
Investments in real estate, net	28,876	28,317
Long-term investment securities at fair value	33,232	45,781
Investments in real estate ventures	115,377	131,556
Operating lease right-of-use assets	148,662	149,578
Goodwill and other intangible assets, net	207,659	265,993
Other assets	121,586	120,090
Total assets	1,531,747	1,505,089
Current liabilities:
Current portion of notes payable and long-term debt	8,853	209,269
Current portion of fair value of derivatives embedded within convertible debt	0	4,999
Current payments due under the Master Settlement Agreement	102,125	34,116
Income taxes payable, net	36,831	5,138
Current operating lease liability	18,268	18,294
Other current liabilities	332,034	189,317
Total current liabilities	498,111	461,133
Notes payable, long-term debt and other obligations, less current portion	1,398,194	1,397,216
Non-current employee benefits	61,025	67,853
Deferred income taxes, net	12,438	33,695
Non-current operating lease liability	159,296	156,963
Payments due under the Master Settlement Agreement	18,130	17,275
Other liabilities	53,757	55,970
Total liabilities	2,200,951	2,190,105
Commitments and contingencies (Note 9)
Stockholders' deficiency:
Preferred stock, par value $1 per share, 10,000,000 shares authorized	0	0
Common stock, par value $0.1 per share, 250,000,000 shares authorized, 153,484,477 and 148,084,900 shares issued and outstanding	15,348	14,808
Accumulated deficit	(663,723)	(678,464)
Accumulated other comprehensive loss	(20,829)	(21,808)
Total Vector Group Ltd. stockholders' deficiency	(669,204)	(685,464)
Non-controlling interest	0	448
Total stockholders' deficiency	(669,204)	(685,016)
Total liabilities and stockholders' deficiency	$ 1,531,747	$ 1,505,089

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Stockholders' deficiency:
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)	$ 0.1	$ 0.1
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	153,084,900	148,084,900
Common stock, shares outstanding (in shares)	153,084,900	148,084,900

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues		$ 445,760	$ 538,432	$ 900,248	$ 959,356
Cost of sales:
Total cost of sales		304,885	368,174	615,508	654,194
Operating, selling, administrative and general expenses		71,064	93,359	161,581	185,673
Litigation settlement and judgment expense		53	655	53	655
Impairments of goodwill and intangible assets		0	0	58,252	0
Restructuring charges		2,961	0	2,961	0
Operating income		66,797	76,244	61,893	118,834
Other income (expenses):
Interest expense		(29,358)	(32,753)	(64,985)	(70,273)
Change in fair value of derivatives embedded within convertible debt		1,669	3,788	4,999	14,137
Equity in earnings (losses) from investments		2,207	(1,685)	52,359	(323)
Equity in (losses) earnings from real estate ventures		(12,260)	6,391	(18,765)	3,952
Other, net		7,635	4,781	(3,020)	12,221
Income before provision for income taxes		36,690	56,766	32,481	78,548
Income tax expense		10,916	17,459	9,938	24,208
Net income		25,774	39,307	22,543	54,340
Net income attributed to non-controlling interest		0	0	0	(80)
Net income attributed to Vector Group Ltd.		$ 25,774	$ 39,307	$ 22,543	$ 54,260
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		$ 0.17	$ 0.25	$ 0.14	$ 0.34
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share)		$ 0.16	$ 0.25	$ 0.14	$ 0.33
Tobacco
Revenues:
Tobacco	[1]	$ 312,510	$ 294,501	$ 599,579	$ 551,257
Total revenues		312,510		599,579
Cost of sales:
Total cost of sales	[1]	214,067	204,461	411,357	381,764
Real estate
Revenues:
Real estate		133,250	243,931	300,669	408,099
Cost of sales:
Total cost of sales		$ 90,818	$ 163,713	$ 204,151	$ 272,430
[1]	Revenues and cost of sales include federal excise taxes of $121,170 , $119,943 , $234,309 , and $224,576 , respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Tax portion of revenues and cost of goods sold	$ 121,170	$ 119,943	$ 234,309	$ 224,576

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 25,774	$ 39,307	$ 22,543	$ 54,340
Net unrealized gains on investment securities available for sale:
Change in net unrealized gains (losses)	644	346	(20)	723
Net unrealized (gains) losses reclassified into net income	(70)	(4)	433	(37)
Net unrealized gains on investment securities available for sale	574	342	413	686
Net change in pension-related amounts
Amortization of loss	463	491	927	948
Net change in pension-related amounts	463	491	927	948
Other comprehensive income	1,037	833	1,340	1,634
Income tax effect on:
Change in net unrealized gains (losses) on investment securities	(174)	(94)	6	(198)
Net unrealized (gains) losses reclassified into net income on investment securities	19	1	(117)	10
Pension-related amounts	(125)	(135)	(250)	(260)
Income tax provision on other comprehensive income	(280)	(228)	(361)	(448)
Other comprehensive income, net of tax	757	605	979	1,186
Comprehensive income	26,531	39,912	23,522	55,526
Comprehensive income attributed to non-controlling interest	0	0	0	(80)
Comprehensive income attributed to Vector Group Ltd.	$ 26,531	$ 39,912	$ 23,522	$ 55,446

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Deficiency - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)				148,084,900
Beginning Balance	$ (718,999)	$ (590,101)		$ (685,016)	$ (547,366)
Net income	25,774	39,307		22,543	54,340
Total other comprehensive income	757	605		979	1,186
Distributions and dividends on common stock	(31,600)	(58,797)		(62,121)	(117,574)
Restricted stock grant	0	0		0	0
Issuance of common stock, net of offering costs	52,563			52,563
Surrender of shares in connection with restricted stock vesting	(62)	(48)		(62)	(221)
Stock-based compensation	2,283	2,338		4,541	4,774
Distributions to non-controlling interest				(448)	(285)
Other	$ 80			$ 80
Ending Balance (in shares)	153,084,900			153,084,900
Ending Balance	$ (669,204)	$ (606,696)		$ (669,204)	$ (606,696)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	148,084,900	140,899,065		148,084,900	140,914,642
Beginning Balance	$ 14,808	$ 14,090		$ 14,808	$ 14,092
Restricted stock grant (in shares)	405,000	60,000		405,000	60,000
Restricted stock grant	$ 41	$ 6		$ 41	$ 6
Issuance of common stock (in shares)	5,000,000			5,000,000
Issuance of common stock, net of offering costs	$ 500			$ 500
Surrender of shares in connection with restricted stock vesting (in shares)	(5,423)	(5,165)		(5,423)	(20,742)
Surrender of shares in connection with restricted stock vesting	$ (1)	$ (1)		$ (1)	$ (3)
Ending Balance (in shares)	153,484,477	148,001,595		153,484,477	148,001,595
Ending Balance	$ 15,348	$ 14,800		$ 15,348	$ 14,800
Additional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	0	0		0	0
Distributions and dividends on common stock	(54,244)	(2,285)		(56,502)	(4,550)
Restricted stock grant	(41)	(6)		(41)	(6)
Issuance of common stock, net of offering costs	52,063			52,063
Surrender of shares in connection with restricted stock vesting	(61)	(47)		(61)	(218)
Stock-based compensation	2,283	2,338		4,541	4,774
Ending Balance	0	0		0	0
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(712,221)	(580,581)		(678,464)	(542,169)
Net income	25,774	39,307		22,543	54,260
Distributions and dividends on common stock	22,644	(56,512)		(5,619)	(113,024)
Other	80			80
Ending Balance	(663,723)	(598,491)		(663,723)	(598,491)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(21,586)	(24,098)		(21,808)	(19,982)
Total other comprehensive income	757	605		979	1,186
Ending Balance	(20,829)	(23,493)		(20,829)	(23,493)
Non-controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	0	488		448	693
Net income					80
Distributions to non-controlling interest				(448)	(285)
Ending Balance	$ 0	488		0	488
Impact of adoption of new accounting standards
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance				(2,263)	(1,550)
Impact of adoption of new accounting standards | Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance				$ (2,263)	3,147
Impact of adoption of new accounting standards | Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance					(4,697)
2019 Stock Dividend
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend		$ 0	[1]		$ 0	[2]
2019 Stock Dividend | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of stock dividend (in shares)		7,047,695	[1]		7,047,695	[2]
Effect of stock dividend		$ 705	[1]		$ 705	[2]
2019 Stock 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 stock dividend on the second quarter 2019 common-stock activity.
[2]	Represents the effect of the September 27, 2019 stock dividend on the second quarter 2019 common-stock activity.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Deficiency (Parenthetical) - $ / shares	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Distributions and dividends on common stock (in dollars per share)		$ 0.20	$ 0.38	$ 0.40	$ 0.76
Accounting Standards Update 2016-13
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Accounting Standards Update 2017-04
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201704Member

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 341,329	$ 98,102
Cash flows from investing activities:
Sale of investment securities	19,555	12,942
Maturities of investment securities	31,574	28,610
Purchase of investment securities	(16,867)	(44,222)
Proceeds from sale or liquidation of long-term investments	23,407	0
Purchase of long-term investments	(5,238)	0
Investments in real estate ventures	(3,858)	(21,908)
Distributions from investments in real estate ventures	5,172	23,200
Increase in cash surrender value of life insurance policies	(751)	(789)
Decrease in restricted assets	87	668
Proceeds from sale of fixed assets	0	8
Capital expenditures	(6,242)	(6,320)
Purchase of subsidiaries	0	(668)
Pay downs of investment securities	415	545
Investments in real estate, net	(679)	(1,153)
Net cash provided by (used in) investing activities	46,575	(9,087)
Cash flows from financing activities:
Proceeds from issuance of debt	531	0
Deferred financing costs	0	(33)
Repayments of debt	(172,467)	(230,771)
Borrowings under revolver	130,641	172,224
Repayments on revolver	(165,593)	(169,727)
Dividends and distributions on common stock	(63,478)	(118,748)
Distributions to non-controlling interest	(448)	(285)
Proceeds from issuance of Vector common stock	52,563	0
Other	5	0
Net cash used in financing activities	(218,246)	(347,340)
Net increase (decrease) in cash, cash equivalents and restricted cash	169,658	(258,325)
Cash, cash equivalents and restricted cash, beginning of period	379,476	591,729
Cash, cash equivalents and restricted cash, end of period	$ 549,134	$ 333,404

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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, 2019 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. Certain reclassifications have been made to the 2019 financial information to conform to the 2020 presentation. (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. On November 5, 2019, the Company announced that its board of directors decided that the Company will no longer pay an annual stock dividend. (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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributed to Vector Group Ltd. $ 25,774 $ 39,307 $ 22,543 $ 54,260 Income attributed to participating securities (707 ) (2,027 ) (1,268 ) (4,029 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 25,067 $ 37,280 $ 21,275 $ 50,231 Net income for purposes of determining diluted EPS was as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributed to Vector Group Ltd. $ 25,774 $ 39,307 $ 22,543 $ 54,260 Income attributable to 5.5% Variable Interest Senior Convertible Notes (375 ) — — — Income attributable to 7.5% Variable Interest Senior Convertible Notes — — — (1,246 ) Income attributed to participating securities (707 ) (2,027 ) (1,268 ) (4,029 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 24,692 $ 37,280 $ 21,275 $ 48,985 Basic and diluted EPS were calculated using the following common shares: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Weighted-average shares for basic EPS 149,379,306 146,509,025 148,189,710 146,490,322 Plus incremental shares related to convertible debt 1,379,454 — — 1,449,753 Plus incremental shares related to stock options and non-vested restricted stock 88,100 12,082 85,701 14,242 Weighted-average shares for diluted EPS 150,846,860 146,521,107 148,275,411 147,954,317 The following non-vested restricted stock and shares issuable upon the conversion of convertible debt were outstanding during the three and six months ended June 30, 2020 and 2019 , 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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Weighted-average shares of non-vested restricted stock 625,122 1,407,820 625,122 1,407,820 Weighted-average expense per share $ 19.54 $ 17.92 $ 19.54 $ 17.92 Weighted-average number of shares issuable upon conversion of debt — 11,447,061 4,874,072 11,447,061 Weighted-average conversion price $ — $ 20.27 $ 20.27 $ 20.27 (d) Restructuring: In response to the current novel coronavirus pandemic (“COVID-19”), the Company's Real Estate segment, including Douglas Elliman, has commenced a restructuring by realigning its administrative support function and office locations as well as adjusting its business model to more efficiently serve its clients. This included a reduction of staff by approximately 25% at Douglas Elliman. The following table summarizes amounts expensed for the three and six months ended June 30, 2020 : Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Cash Charges: Employee severance and benefits $ 1,599 $ 1,599 Other restructuring expenses 218 218 1,817 1,817 Non-Cash: Loss on fixed assets associated with consolidation of sales offices 1,144 1,144 1,144 1,144 Total restructuring charges $ 2,961 $ 2,961 All amounts expensed for the three and six months ended June 30, 2020 are included as Restructuring charges in the Company’s condensed consolidated statements of operations and are all attributable to the Company’s Real Estate segment. Severance and benefits expensed for the three and six months ended June 30, 2020 relate entirely to a reduction in administrative positions. The following table presents the activity under the Real Estate segment restructuring plan for the six months ended June 30, 2020 : Employee Severance and Benefits Other Non-Cash Loss on Fixed Assets Total Accrual balance as of January 1, 2020 $ — $ — $ — $ — Restructuring charges 1,599 218 1,144 2,961 Utilized (1,239 ) — (1,144 ) (2,383 ) Accrual balance as of June 30, 2020 $ 360 $ 218 $ — $ 578 (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. On a quarterly basis, the Company evaluates its investments in real estate ventures to determine if there are indicators of impairment. If so, the Company further investigates to determine if an impairment has occurred and whether such impairment is considered temporary or other than temporary. The Company believes that the assessment of temporary or other-than-temporary impairment is facts-and-circumstances driven. (f) Other, Net : Other, net consisted of: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Interest and dividend income $ 968 $ 3,139 $ 3,648 $ 6,347 Net gains (losses) recognized on investment securities 4,781 2,315 (7,459 ) 7,088 Net periodic benefit cost other than the service costs (454 ) (575 ) (909 ) (1,116 ) Other income (expense) 2,340 (98 ) 1,700 (98 ) Other, net $ 7,635 $ 4,781 $ (3,020 ) $ 12,221 (g) Other Assets : Other assets consisted of: June 30, December 31, 2019 Restricted assets $ 4,004 $ 5,241 Prepaid pension costs 32,207 31,686 Equity-method investments 14,817 15,942 Contract assets, net 25,957 18,443 Other assets 44,601 48,778 Total other assets $ 121,586 $ 120,090 (h) Other Current Liabilities : Other current liabilities consisted of: June 30, December 31, 2019 Accounts payable $ 12,232 $ 10,222 Accrued promotional expenses 44,254 35,900 Accrued excise and payroll taxes payable, net 149,758 18,653 Accrued interest 31,623 35,756 Commissions payable 22,225 18,378 Accrued salary and benefits 15,407 29,464 Contract liabilities 7,830 9,358 Allowance for sales returns 8,191 7,785 Other current liabilities 40,514 23,801 Total other current liabilities $ 332,034 $ 189,317 (i) Reconciliation of Cash, Cash Equivalents and Restricted Cash : The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows: June 30, December 31, Cash and cash equivalents $ 540,363 $ 371,341 Restricted cash and cash equivalents included in other current assets 6,310 4,423 Restricted cash and cash equivalents included in other assets 2,461 3,712 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 549,134 $ 379,476 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. (j) New Accounting Pronouncements : Accounting Standards Updates (“ASU”) adopted in 2020 : In October 2018, the Financial Accounting Standards Board (“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. Adoption of this update did not have a material impact 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. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 , Fair Value Measuremen t ( Topic 820 ): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measuremen t, 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 impacted financial statement disclosure and had no impact on operating results. In June 2016, the FASB issued ASU No. 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credi t 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. Subsequent updates were released in November 2018 ( ASU No. 2018-19) , November 2019 ( ASU No. 2019-10 and 2019-1 1) and February 2020 ( ASU No. 2020-02 ) that provided additional guidance on this Topic. This guidance is effective for fiscal years beginning after December 15, 2019. The ASU introduces a new accounting model, the Current Expected Credit Losses model (CECL), which requires earlier recognition of credit losses and additional disclosures related to credit risk. The CECL model utilizes a lifetime expected credit loss measurement objective for the recognition of credit losses for notes and other receivables at the time the financial asset is originated or acquired. The expected credit losses are adjusted each period for changes in expected lifetime credit losses. This model replaced the previous impairment models in U.S. GAAP, which generally required that a loss be incurred before it is recognized. The new standard applies to receivables arising from revenue transactions such as contract assets and accounts receivables. The adoption of this standard resulted in an increase in stockholders’ deficiency of $2,263 , net of tax, attributed to commercial real estate term loans allowance for credit losses of $3,100 as of January 1, 2020. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The update simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount. Under the amendments of the ASU, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments in this update are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. This guidance was adopted on January 1, 2020, on a prospective basis. The Company applied the new guidance to evaluate its goodwill during the first quarter of 2020. As a result, a goodwill impairment charge of $46,252 was recorded as the Company's estimated fair value of a reporting unit was less than its book value. ASUs to be adopted in future periods: In August 2018, the FASB issued ASU No. 2018-1 4, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plan s (“ 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. The Company does not plan to early adopt. The adoption of ASU 2018-14 will impact financial statement disclosure with no impact on operating results. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This update simplifies various aspects related to accounting for income taxes, removes certain exceptions to the general principles in Accounting Standards Codification (“ASC”) 740, and clarifies and amends existing guidance to improve consistent application. ASU No. 2019-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the effect the standard will have on its condensed consolidated financial statements and related disclosures. In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (“ASU 2020-01”). The new standard clarifies the interaction of accounting for the transition into and out of the equity method. The new standard also clarifies the accounting for measuring certain purchased options and forward contracts to acquire investments. The ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted, including early adoption in an interim period. The Company is currently evaluating the effect the standard will have on its condensed consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04” ). This ASU is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. This guidance is effective for all entities for contract modifications beginning March 12, 2020 and can be applied prospectively through December 31, 2022. The Company has not yet determined the extent to which it will utilize these expedients and exceptions should a modification occur. The Company is currently evaluating the impact of the new guidance on its condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Disaggregation of Revenue In the following table, revenue is disaggregated by major product line for the Tobacco segment: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Tobacco Segment Revenues: Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE $ 283,951 $ 267,277 $ 542,166 $ 500,383 Other Brands 28,559 27,224 57,413 50,874 Total tobacco revenues $ 312,510 $ 294,501 $ 599,579 $ 551,257 In the following table, revenue is disaggregated by major services line and primary geographical market for the Real Estate segment: Three months ended June 30, 2020 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 35,861 $ 35,631 $ 23,232 $ 20,024 $ 114,748 Commission and other brokerage income - development marketing 5,173 — 2,747 586 8,506 Property management revenue 8,617 215 — — 8,832 Title fees 474 369 — — 843 Total Douglas Elliman revenue 50,125 36,215 25,979 20,610 132,929 Other real estate revenues — — — 321 321 Total real estate revenues $ 50,125 $ 36,215 $ 25,979 $ 20,931 $ 133,250 Three months ended June 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 104,301 $ 39,880 $ 31,324 $ 31,653 $ 207,158 Commission and other brokerage income - development marketing 22,718 — 436 22 23,176 Property management revenue 10,048 170 — — 10,218 Title fees 1,869 471 — 60 2,400 Total Douglas Elliman revenue 138,936 40,521 31,760 31,735 242,952 Other real estate revenues — — — 979 979 Total real estate revenues $ 138,936 $ 40,521 $ 31,760 $ 32,714 $ 243,931 Six Months Ended June 30, 2020 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 85,970 $ 70,355 $ 53,410 $ 45,724 $ 255,459 Commission and other brokerage income - development marketing 13,624 — 9,469 668 23,761 Property management revenue 17,179 432 — — 17,611 Title fees 1,067 632 — — 1,699 Total Douglas Elliman revenue 117,840 71,419 62,879 46,392 298,530 Other real estate revenues — — — 2,139 2,139 Total real estate revenues $ 117,840 $ 71,419 $ 62,879 $ 48,531 $ 300,669 Six Months Ended June 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 169,980 $ 70,991 $ 54,295 $ 50,182 $ 345,448 Commission and other brokerage income - development marketing 34,104 — 3,066 29 37,199 Property management revenue 18,215 354 — — 18,569 Title fees 2,663 910 60 — 3,633 Total Douglas Elliman revenue 224,962 72,255 57,421 50,211 404,849 Other real estate revenues — — — 3,250 3,250 Total real estate revenues $ 224,962 $ 72,255 $ 57,421 $ 53,461 $ 408,099 Contract Balances The following table provides information about contracts assets and contract liabilities from development marketing and commercial leasing contracts with customers: June 30, 2020 December 31, 2019 Receivables, which are included in accounts receivable - trade, net $ 1,532 $ 2,129 Contract assets, net, which are included in other current assets 5,296 8,766 Payables, which are included in other current liabilities 1,084 1,663 Contract liabilities, which are included in other current liabilities 7,830 9,358 Contract assets, net, which are included in other assets 25,957 18,443 Contract liabilities, which are included in other liabilities 32,125 29,045 The Company recognized revenue of $3,921 and $6,658 for the three and six months ended June 30, 2020 , that were included in the contract liabilities balances at December 31, 2019 . There was no revenue recognized relating to performance obligations satisfied or partially satisfied in prior periods for the three and six months ended June 30, 2020 and 2019

Current Expected Credit Losses

Current Expected Credit Losses	6 Months Ended
	Jun. 30, 2020
Credit Loss [Abstract]
Current Expected Credit Losses	CURRENT EXPECTED CREDIT LOSSES On January 1, 2020, the Company adopted ASU No. 2016-13, which 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. ASU 2016-13 introduces a new accounting model, the Current Expected Credit Losses model (CECL), which requires earlier recognition of credit losses and additional disclosures related to credit risk. The Company adopted this guidance using the modified retrospective approach, as required, and has not adjusted prior period comparative information and will continue to disclose the prior period financial information in accordance with the previous guidance. The adoption of this standard resulted in an increase in stockholders’ deficiency of $2,263 net of tax, attributed to commercial real estate term loans allowance for credit losses of $3,100 as of January 1, 2020. Tobacco receivables: Average collection terms for Tobacco sales range between three and twelve days from the time that the cigarettes are shipped to the customer. Based on Tobacco historical and ongoing cash collections from customers, an estimated credit loss in accordance with ASU 2016-13 was not required for these trade receivables as of January 1, 2020 and June 30, 2020 . Real estate broker agent receivables: Douglas Elliman Realty is exposed to credit losses for various amounts due from real estate agents, which are included in Other current assets on the condensed consolidated balance sheets, net of an allowance for credit losses. The Company historically estimated its allowance for credit losses on receivables from agents based on an evaluation of aging, agent sales in pipeline, any security, specific exposures, and historical experience of collections from the individual agents. Based on the Company’s historical credit losses on receivables from agents, current and expected future market trends (such as the current and expected impact of COVID-19 on the real estate market), it was determined that the requirements of Topic 326 did not result in a material impact on the Company’s allowance for credit losses as of January 1, 2020 of $6,132 . The Company estimated that the credit losses for these receivables were $7,361 at June 30, 2020 . Term loan receivables: New Valley periodically provides term loans to commercial real estate developers, which are included in Other assets on the condensed consolidated balance sheets. New Valley had two loans with a total amortized cost basis of $15,534 and $15,276 , including accrued interest receivable of $6,034 and $5,776 at June 30, 2020 and December 31, 2019, respectively, and have maturities in 2021 and beyond. The loans are secured by guarantees and given their risk profiles are evaluated individually. As New Valley does not have internal historical loss information by which to evaluate the risk of credit losses, external market data measuring default risks on high yield loans as of each measurement date was utilized to estimate reserves for credit losses on these loans. Pursuant to the requirements of Topic 326, New Valley’s expected credit loss estimate was $3,100 as of January 1, 2020 and $3,532 as of June 30, 2020 , which reflects the significant current and expected decline in market conditions as of June 30, 2020 due to the impact of COVID-19 on the real estate market. The adoption of this standard did not have a material impact on the debt securities available for sale portfolio. The following is the rollforward of the allowance for credit losses for the six months ended June 30, 2020 : January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 6,132 $ 1,270 (1) $ 41 $ — 7,361 New Valley term loan receivables 3,100 432 (2) — — 3,532 ______________________ (1) The bad debt expense related to the real estate broker agent receivables is included in Operating, selling, administrative and general expenses on the condensed consolidated statements of operations. (2)

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	LEASES Leases The Company has operating and finance leases for corporate and sales offices, and certain vehicles and equipment. The components of lease expense were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Operating lease cost $ 9,356 $ 9,630 $ 18,780 $ 18,505 Short-term lease cost 389 279 790 513 Variable lease cost 588 898 1,155 1,690 Finance lease cost: Amortization 39 63 77 119 Interest on lease liabilities 4 4 7 7 Total lease cost $ 10,376 $ 10,874 $ 20,809 $ 20,834 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2020 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 11,953 $ 18,440 Operating cash flows from finance leases 7 7 Financing cash flows from finance leases 69 113 Right-of-use assets obtained in exchange for lease obligations: Operating leases 9,076 13,061 Finance leases 60 123 Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2020 2019 Operating leases: Operating lease right-of-use assets $ 148,662 $ 149,578 Current operating lease liability $ 18,268 $ 18,294 Non-current operating lease liability 159,296 156,963 Total operating lease liabilities $ 177,564 $ 175,257 Finance leases: Investments in real estate, net (1) $ 84 $ 88 Property, plant and equipment, at cost $ 127 $ 127 Accumulated amortization (32 ) (19 ) Property and equipment, net $ 95 $ 108 Current portion of notes payable and long-term debt $ 61 $ 86 Notes payable, long-term debt and other obligations, less current portion 124 108 Total finance lease liabilities $ 185 $ 194 Weighted average remaining lease term: Operating leases 8.35 8.46 Finance leases 3.10 3.01 Weighted average discount rate: Operating leases 9.48 % 10.75 % Finance leases 7.68 % 8.61 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheets are financing lease equipment, at cost of $822 and $762 and accumulated amortization of $738 and $674 as of June 30, 2020 and December 31, 2019 , respectively. As of June 30, 2020 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Period Ending December 31: Remainder of 2020 $ 15,374 $ 39 2021 38,992 66 2022 34,772 61 2023 31,516 35 2024 25,902 8 2025 20,980 — Thereafter 96,668 — Total lease payments 264,204 209 Less imputed interest (86,640 ) (24 ) Total $ 177,564 $ 185 As of June 30, 2020 , the Company had $870 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 third and fourth quarter of 2020 with lease terms ranging from 1.5 years to 5 years. Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, lessors may provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in Topic 842 addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance does not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, the Company would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company entered into rent deferral concession agreements during the three months ended June 30, 2020, with approximately half of its existing landlords. The agreements varied on the timing of repayment but all agreements required repayment of the deferrals over the remaining lease terms. The Company elected to treat these deferrals agreements as lease modifications and the existing lease liabilities were remeasured with a corresponding adjustment to the ROU asset on the effective date of the modification. The Lease Modification Q&A’s future impact to the Company’s condensed consolidated financial statements is dependent upon the extent of any lease concessions granted to the Company or its subsidiaries as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions.
Leases	LEASES Leases The Company has operating and finance leases for corporate and sales offices, and certain vehicles and equipment. The components of lease expense were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Operating lease cost $ 9,356 $ 9,630 $ 18,780 $ 18,505 Short-term lease cost 389 279 790 513 Variable lease cost 588 898 1,155 1,690 Finance lease cost: Amortization 39 63 77 119 Interest on lease liabilities 4 4 7 7 Total lease cost $ 10,376 $ 10,874 $ 20,809 $ 20,834 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2020 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 11,953 $ 18,440 Operating cash flows from finance leases 7 7 Financing cash flows from finance leases 69 113 Right-of-use assets obtained in exchange for lease obligations: Operating leases 9,076 13,061 Finance leases 60 123 Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2020 2019 Operating leases: Operating lease right-of-use assets $ 148,662 $ 149,578 Current operating lease liability $ 18,268 $ 18,294 Non-current operating lease liability 159,296 156,963 Total operating lease liabilities $ 177,564 $ 175,257 Finance leases: Investments in real estate, net (1) $ 84 $ 88 Property, plant and equipment, at cost $ 127 $ 127 Accumulated amortization (32 ) (19 ) Property and equipment, net $ 95 $ 108 Current portion of notes payable and long-term debt $ 61 $ 86 Notes payable, long-term debt and other obligations, less current portion 124 108 Total finance lease liabilities $ 185 $ 194 Weighted average remaining lease term: Operating leases 8.35 8.46 Finance leases 3.10 3.01 Weighted average discount rate: Operating leases 9.48 % 10.75 % Finance leases 7.68 % 8.61 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheets are financing lease equipment, at cost of $822 and $762 and accumulated amortization of $738 and $674 as of June 30, 2020 and December 31, 2019 , respectively. As of June 30, 2020 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Period Ending December 31: Remainder of 2020 $ 15,374 $ 39 2021 38,992 66 2022 34,772 61 2023 31,516 35 2024 25,902 8 2025 20,980 — Thereafter 96,668 — Total lease payments 264,204 209 Less imputed interest (86,640 ) (24 ) Total $ 177,564 $ 185 As of June 30, 2020 , the Company had $870 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 third and fourth quarter of 2020 with lease terms ranging from 1.5 years to 5 years. Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, lessors may provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in Topic 842 addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance does not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, the Company would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company entered into rent deferral concession agreements during the three months ended June 30, 2020, with approximately half of its existing landlords. The agreements varied on the timing of repayment but all agreements required repayment of the deferrals over the remaining lease terms. The Company elected to treat these deferrals agreements as lease modifications and the existing lease liabilities were remeasured with a corresponding adjustment to the ROU asset on the effective date of the modification. The Lease Modification Q&A’s future impact to the Company’s condensed consolidated financial statements is dependent upon the extent of any lease concessions granted to the Company or its subsidiaries as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of: June 30, December 31, Leaf tobacco $ 48,482 $ 44,516 Other raw materials 4,564 4,669 Work-in-process 532 333 Finished goods 66,970 71,183 Inventories at current cost 120,548 120,701 LIFO adjustments (21,939 ) (21,939 ) $ 98,609 $ 98,762 All of the Company’s inventories at June 30, 2020 and December 31, 2019 are reported under the LIFO method. The $21,939 LIFO adjustment as of June 30, 2020 decreases the current cost of inventories by $15,210 for Leaf tobacco, $183 for Other raw materials, $24 for Work-in-process and $6,522 for Finished goods. The $21,939 LIFO adjustment as of December 31, 2019 decreased the current cost of inventories by $15,210 for Leaf tobacco, $182 for Other raw materials, $24 for Work-in-process and $6,523 for Finished goods. The amount of capitalized MSA cost in “Finished goods” inventory was $20,801 and $20,472 at June 30, 2020 and December 31, 2019 , respectively. Federal excise tax capitalized in inventory was $27,663 and $27,676 at June 30, 2020 and December 31, 2019 , respectively. At June 30, 2020 , Liggett had tobacco purchase commitments of approximately $18,799 . Liggett has a single source supply agreement for reduced ignition propensity cigarette paper through 2022.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment securities consisted of the following: June 30, December 31, 2019 Debt securities available for sale $ 54,885 $ 83,445 Equity securities at fair value: Marketable equity securities 11,091 23,819 Mutual funds invested in debt securities 22,667 22,377 Long-term investment securities at fair value (1) 33,232 45,781 Total equity securities at fair value 66,990 91,977 Total investment securities at fair value 121,875 175,422 Less: Long-term investment securities at fair value 33,232 45,781 Current investment securities at fair value 88,643 129,641 Equity-method investments $ 14,817 $ 15,942 (1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820. Net gains (losses) recognized on investment securities were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net gains (losses) recognized on equity securities $ 4,711 $ 2,311 $ (7,026 ) $ 7,051 Net gains (losses) recognized on debt securities available for sale 70 6 (47 ) 42 Impairment expense — (2 ) (386 ) (5 ) Net gains (losses) recognized on investment securities $ 4,781 $ 2,315 $ (7,459 ) $ 7,088 (a) Debt Securities Available for Sale The components of debt securities available for sale at June 30, 2020 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 53,741 $ 1,144 $ — $ 54,885 The table below summarizes the maturity dates of debt securities available for sale at June 30, 2020 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 12,754 $ 8,761 $ 3,993 $ — Corporate securities 37,145 22,570 14,575 — U.S. mortgage-backed securities 4,984 3,134 1,850 — Commercial mortgage-backed securities 2 2 — — Total debt securities available for sale by maturity dates $ 54,885 $ 34,467 $ 20,418 $ — The components of debt securities available for sale at December 31, 2019 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 82,714 $ 731 $ — $ 83,445 There were no available-for-sale debt securities with continuous unrealized losses for less than 12 months and 12 months or greater at June 30, 2020 and December 31, 2019 , respectively. Gross realized gains and losses on debt securities available for sale were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Gross realized gains on sales $ 72 $ 9 $ 170 $ 47 Gross realized losses on sales (2 ) (3 ) (217 ) (5 ) Net gains (losses) recognized on debt securities available for sale $ 70 $ 6 $ (47 ) $ 42 Impairment expense $ — $ (2 ) $ (386 ) $ (5 ) 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 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 six months ended June 30, 2020 and 2019 , respectively: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net gains (losses) recognized on equity securities $ 4,711 $ 2,311 $ (7,026 ) $ 7,051 Less: Net gains (losses) recognized on equity securities sold 601 278 (17 ) 410 Net unrealized gains (losses) recognized on equity securities still held at the reporting date $ 4,110 $ 2,033 $ (7,009 ) $ 6,641 The Company’s marketable equity securities and mutual funds invested in debt 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. The Company received cash distributions of $23,510 and recorded $2,148 of in-transit redemptions as of June 30, 2020 related to its long-term investment securities at fair value. The Company classified $23,407 of these distributions as investing cash inflows for the six months ended June 30, 2020 . The remaining distributions were classified as operating cash inflows. (c) Equity-Method Investments: Equity-method investments consisted of the following: June 30, December 31, 2019 Mutual fund and hedge funds $ 14,817 $ 15,509 Ladenburg Thalmann Financial Services Inc. (“LTS”) — 433 $ 14,817 $ 15,942 At June 30, 2020 , the Company’s ownership percentages in the mutual fund and hedge funds accounted for under the equity method ranged from 7.10% to 35.75% . The Company’s ownership percentage in these investments meets the threshold for equity-method accounting. In November 2019, LTS entered into an Agreement and Plan of Merger with Advisor Group whereby each LTS common share would be converted into the right to receive $3.50 per common share. On February 14, 2020, the merger was completed and the Company received proceeds of $53,169 in exchange for the Company’s 15,191,205 common shares of LTS. The Company also tendered 240,000 shares of LTS 8% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 Per Share) for redemption and received an additional $6,009 in March 2020. At the closing of the transaction, the Company’s Executive Vice President resigned as Chairman, President and Chief Executive Officer of LTS, and the Company’s management agreement with LTS was terminated. Equity in earnings (losses) from investments were: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Mutual fund and hedge funds $ 2,207 $ (230 ) $ (693 ) $ 612 LTS — (1,480 ) 53,052 (985 ) Other — 25 — 50 Equity in earnings (losses) from investments $ 2,207 $ (1,685 ) $ 52,359 $ (323 ) The Company received cash distributions of $53,484 (including the $53,169 received by the Company in exchange for the Company’s 15,191,205 common shares of LTS) and $855 from the Company’s equity-method investments for the six months ended June 30, 2020 and 2019 , respectively. The Company classified its cash distributions of $53,484 and $855 as operating activities on the condensed consolidated statements of cash flows for the six months ended June 30, 2020 and June 30, 2019 , respectively. (d) 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 commercial real estate limited liability company at June 30, 2020 and December 31, 2019 , respectively. Membership units of a real estate limited liability company were also included in the balance as of December 31, 2019 . The total carrying value of these investments was $5,200 as of June 30, 2020 and $6,200 as of December 31, 2019 , and was included in “Other assets” on the condensed consolidated balance sheets. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the three and six months ended June 30, 2020 and 2019

New Valley LLC

New Valley LLC	6 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
New Valley LLC	NEW VALLEY LLC Investments in real estate ventures: The components of “Investments in real estate ventures” were as follows: Range of Ownership (1) June 30, 2020 December 31, 2019 Condominium and Mixed Use Development: New York City Standard Metropolitan Statistical Area (“SMSA”) 3.1% - 49.5% $ 42,851 $ 51,078 All other U.S. areas 15.0% - 77.8% 47,172 55,842 90,023 106,920 Hotels: New York City SMSA 1.0% - 18.4% 3,107 2,462 International 49.0% 1,610 2,161 4,717 4,623 Commercial: New York City SMSA 49.0% 2,076 1,852 All other U.S. areas 1.6% 7,567 7,634 9,643 9,486 Other: 15.0% - 49.0% 10,994 10,527 Investments in real estate ventures $ 115,377 $ 131,556 ______________________ (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: Six Months Ended June 30, 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ 1,169 $ 21,537 All other U.S. areas 2,161 — 3,330 21,537 Apartment Buildings: All other U.S. areas 76 — 76 — Hotels: New York City SMSA — 172 — 172 Other: 452 199 Total contributions $ 3,858 $ 21,908 For 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 six months ended June 30, 2020 and June 30, 2019 . 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: Six Months Ended June 30, 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ 1,735 $ 571 All other U.S. areas 5,214 1,279 6,949 1,850 Apartment Buildings: All other U.S. areas — 3 — 3 Hotels: New York City SMSA — 21,572 — 21,572 Commercial: New York City SMSA 3 9 All other U.S. areas 52 129 55 138 Other 23 1,697 Total distributions $ 7,027 $ 25,260 Of the distributions received by New Valley from its investment in real estate ventures, $1,855 and $2,060 were from distributions of earnings for the six months ended June 30, 2020 and 2019 , respectively, and $5,172 and $23,200 were a return of capital for the six months ended June 30, 2020 and 2019 , respectively. Distributions from earnings are included in cash from operations in the condensed consolidating statements of cash flows, while distributions that are returns of capital are included in cash flows from investing activities in the condensed consolidating statements of cash flows. Equity in (Losses) Earnings from Real Estate Ventures: New Valley recognized equity in (losses) earnings from real estate ventures as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ (5,104 ) $ (1,120 ) $ (8,451 ) $ (3,226 ) All other U.S. areas (1) (6,489 ) (2,258 ) (9,288 ) (2,366 ) (11,593 ) (3,378 ) (17,739 ) (5,592 ) Apartment Buildings: All other U.S. areas (76 ) 3 (76 ) 3 (76 ) 3 (76 ) 3 Hotels: New York City SMSA (1) (542 ) 8,942 (649 ) 8,234 International (90 ) 122 (551 ) (364 ) (632 ) 9,064 (1,200 ) 7,870 Commercial: New York City SMSA 301 384 227 263 All other U.S. areas (264 ) 79 (15 ) 371 37 463 212 634 Other: 4 239 38 1,037 Equity in (losses) earnings from real estate ventures $ (12,260 ) $ 6,391 $ (18,765 ) $ 3,952 ______________________ (1) The Company recognized a liability, classified in Other current liabilities, of $2,498 as a result of recording equity in losses in excess of the joint ventures' carrying value. During the six months ended June 30, 2019 , New Valley’s Park Lane joint venture sold 80.0% 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 six months ended June 30, 2019 . 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. 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 June 30, 2020 . 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 $3,784 for the three and six months ended June 30, 2020 . 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 three 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 June 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 $3,866 for the three and six months ended June 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 $0 and $897 as of June 30, 2020 and December 31, 2019 , respectively. Those assets are owned by the VIEs, not the Company. Neither of the two consolidated VIEs had recourse liabilities as of June 30, 2020 and December 31, 2019 . 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: June 30, 2020 Condominium and Mixed Use Development: New York City SMSA $ 42,851 All other U.S. areas 47,172 90,023 Hotels: New York City SMSA 3,107 International 1,610 4,717 Commercial: New York City SMSA 2,076 All other U.S. areas 7,567 9,643 Other: 24,641 Total maximum exposure to loss $ 129,024 New Valley capitalized $1,004 and $2,257 of interest costs into the carrying value of its ventures whose projects were currently under development for the three and six months ended June 30, 2020 . New Valley capitalized $1,688 and $3,003 of interest costs into the carrying value of its ventures whose projects were currently under development for the three and six months ended June 30, 2019 . Douglas Elliman is engaged by certain developers as a broker for several of the real estate ventures that New Valley invests in. Douglas Elliman earned gross commissions of approximately $7,698 and $11,223 from these projects for the six months ended June 30, 2020 and 2019 , respectively. Combined Financial Statements for Unconsolidated Subsidiaries: The following summarized financial data for certain unconsolidated subsidiaries that meet certain thresholds pursuant to SEC Regulation S-X Rule 210.10-01(b) includes information for the West Hollywood Edition investment. New Valley has elected a one-month lag reporting period for the investment. Condominium and Mixed Use Development: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income Statement Revenue $ 1,830 $ — $ 33,409 $ — Cost of goods sold — — 22,100 — Other expenses 14,013 6 31,926 75 Loss from continuing operations $ (12,183 ) $ (6 ) $ (20,617 ) $ (75 ) Investments in Real Estate, net: The components of “Investments in real estate, net” were as follows: June 30, December 31, Escena, net $ 9,852 $ 9,972 Sagaponack 19,024 18,345 Investments in real estate, net $ 28,876 $ 28,317 Escena. The assets of “Escena, net” were as follows: June 30, December 31, Land and land improvements $ 8,911 $ 8,910 Building and building improvements 1,926 1,926 Other 1,673 1,659 12,510 12,495 Less accumulated depreciation (2,658 ) (2,523 ) $ 9,852 $ 9,972 New Valley recorded operating losses of $629 and $354 for the three months ended June 30, 2020 and 2019 , respectively, from Escena. New Valley recorded operating losses of $272 and operating income of $332 for the six months ended June 30, 2020 and 2019 , respectively, from Escena. Escena is a master planned community, golf course, and club house in Palm Springs, California. 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 June 30, 2020 and December 31, 2019 , the assets of Sagaponack consisted of land and land improvements of $19,024 and $18,345 , respectively.

Notes Payable, Long-Term Debt a

Notes Payable, Long-Term Debt and Other Obligations	6 Months Ended
	Jun. 30, 2020
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: June 30, December 31, Vector: 6.125% Senior Secured Notes due 2025 $ 850,000 $ 850,000 10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392 551,779 551,608 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $0 and $5,276* — 164,334 Liggett: Revolving credit facility — 34,952 Equipment loans 143 347 Other 28,033 30,146 Notes payable, long-term debt and other obligations 1,429,955 1,631,387 Less: Debt issuance costs (22,908 ) (24,902 ) Total notes payable, long-term debt and other obligations 1,407,047 1,606,485 Less: Current maturities (8,853 ) (209,269 ) Amount due after one year $ 1,398,194 $ 1,397,216 ______________________ * The fair value of the derivatives embedded within the 5.5% Variable Interest Senior Convertible Debentures ( $4,999 at December 31, 2019 ), is separately classified as a derivative liability in the condensed consolidated balance sheets. 6.125% Senior Secured Notes due 2025 — Vector : As of June 30, 2020 , 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 June 30, 2020 , the Company was in compliance with all debt covenants related to its 10.5% Senior Notes due 2026. 5.5% Variable Interest Senior Convertible Debentures due 2020 — Vector : In April 2020, the Company paid $169,610 of principal as full payment of its 5.5% Variable Interest Senior Convertible Debentures due 2020, which matured on April 15, 2020. Revolving Credit Agreement — Liggett : As of June 30, 2020 , there was no outstanding balance due under the Third Amended and Restated Credit Agreement (the “Credit Agreement”), all of which was classified as current debt as of June 30, 2020 . Availability, as determined under the Credit Agreement, was approximately $60,000 based on eligible collateral at June 30, 2020 . As of June 30, 2020 , the Company’s applicable subsidiaries were in compliance with all debt covenants under the Credit Agreement. Other : Other Notes Payable consist primarily of $27,500 of notes payable issued by New Valley. On December 31, 2018, New Valley acquired the remaining 29.41% interest in Douglas Elliman for a total purchase price of $40,000 , which included $10,000 of cash paid and the remaining $30,000 of notes payable to the sellers. Interest on the outstanding principal balance of the notes accrued at the mid-term applicable federal rate (“AFR”) in effect as of December 31, 2018 until January 1, 2020 and thereafter is adjusted to the then-current AFR on each payment date. Principal and interest is payable in installments through October 1, 2022. $2,500 of principal has been repaid through June 30, 2020 and the remaining principal is due to be repaid as follows: (1) $2,500 in the remainder of 2020; (2) $12,500 in 2021; and (3) $12,500 in 2022. Non-Cash Interest Expense — Vector : Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Amortization of debt discount, net $ 847 $ 5,447 $ 5,447 $ 13,972 Amortization of debt issuance costs 889 1,053 2,047 2,238 $ 1,736 $ 6,500 $ 7,494 $ 16,210 Fair Value of Notes Payable and Long-Term Debt : June 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Value Value Value Value Senior Notes $ 1,401,779 $ 1,380,787 $ 1,401,608 $ 1,409,920 Variable Interest Senior Convertible Debt — — 164,334 176,289 Liggett and other 28,176 28,188 65,445 65,456 Notes payable and long-term debt $ 1,429,955 $ 1,408,975 $ 1,631,387 (1) $ 1,651,665 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 12 . Notes payable and long-term debt are carried on the condensed consolidated balance sheets 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 June 30, 2020

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 and 2019 , Liggett incurred tobacco product liability legal expenses and costs totaling $3,191 and $3,737 , 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 June 30, 2020 , to obtain a stay of the judgment pending the appeal of the Santoro case, Liggett secured a $535 supersedeas bond. 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 June 30, 2020 , there were 54 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. The following table lists the number of Individual Actions by state: State Number of Cases Florida 37 Illinois 9 Nevada 5 Louisiana 2 Massachusetts 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 , statute of repose, e quitable 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 were affirmed on appeal and satisfied by the defendants. Many were overturned on appeal. As of June 30, 2020 , 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. Liggett subsequently entered into two separate agreements with a total of 152 Engle progeny plaintiffs where Liggett paid a total of $23,150 to settle their claims. On an individual basis, Liggett settled an additional 201 Engle progeny cases for approximately $8,100 in the aggregate. Two of these settlements occurred in the second quarter of 2020. Notwithstanding the comprehensive nature of the Engle Progeny Settlements, 42 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 June 30, 2020 , 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 $265 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 where Liggett is the sole defendant: Cowart , a Florida Individual Action, and Tumin , an Engle progeny case. It is possible that cases where Liggett is the only defendant could increase as a result of the remaining Engle progeny cases and newly filed Individual Actions. Class Actions As of June 30, 2020 , two actions were pending for which either a class had been certified or plaintiffs were seeking class certification where Liggett is a named defendant. Other cigarette manufacturers are also named in these two 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. A 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. Health Care Cost Recovery Actions As of June 30, 2020 , 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 June 30, 2020 , there were three Individual Actions and one Engle progeny case scheduled for trial through June 30, 2021, 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 approximately 4.0% of the total cigarettes sold in the United States in 2019. 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 30, 2019, Liggett and Vector Tobacco pre-paid $140,000 of their approximate $169,000 2019 MSA obligation, the balance of which was paid in April 2020, 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 - 2019. 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 - 2019, 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 settled most of the disputed NPM Adjustment years with 37 states representing approximately 75% of the MSA share. 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 settlement charge and arbitration award described above, Liggett and Vector Tobacco reduced cost of sales for years 2013 - 2019 by $48,032 . Liggett and Vector Tobacco may be entitled to further adjustments. As of June 30, 2020 , 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 June 30, 2020 , there remains approximately $41,500 in the disputed payments account relating to Liggett and Vector Tobacco’s 2011 - 2019 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 $15,500 , subject to Liggett’s right to litigate and/or appeal the enforceability of the 1996 Agreement (and all issues other than the calculation of such principal amount). In September 2019, the Special Master held a hearing regarding the state’s claim for approximately $17,500 in prejudgment interest as well as post-judgment interest in amounts to be determined. A decision is pending. Liggett continues to believe that the April 2017 Chancery Court order is in error because the most favored nations provision in the 1996 Agreement eliminated all of Liggett’s payment obligations to Mississippi, and it reserved all rights to appeal this and other issues at the conclusion of the case. In the event Liggett appeals an adverse judgment, the posting of a bond may be required. Liggett may be required to make additional payments to Mississippi and Texas which could have a material adverse effect on the Company’s consolidated financial position, results of operations and cash flows. Cautionary Statement Management is not able to reasonably predict the outcome of the litigation pending or threatened against Liggett or the Company. Litigation is subject to many uncertainties. Liggett has been found liable in multiple Engle progeny cases and Individual Actions, several of which were affirmed on appeal and satisfied by Liggett. It is possible that other cases could be decided unfavorably against Liggett and that Liggett will be unsuccessful on appeal. Liggett may attempt to settle particular cases if it believes it is in its best interest to do so. Management cannot predict the cash requirements related to any future defense costs, settlements or judgments, including cash required to bond any appeals, and there is a risk that Liggett may not be able to meet those requirements. An unfavorable outcome of a pending smoking-related case could encourage the commencement of additional litigation. Except as discussed in this Note 9 , management is unable to estimate the loss or range of loss that could result from an unfavorable outcome of the cases pending against Liggett or the costs of defending such cases and as a result has not provided any amounts in its consolidated financial statements for unfavorable outcomes. The tobacco industry is subject to a wide ran

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	GOODWILL AND OTHER INTANGIBLE ASSETS The components of Goodwill and other intangible assets, net were as follows: December 31, Impairment Losses Amortization June 30, Goodwill $ 78,008 $ (46,252 ) $ — $ 31,756 Indefinite life intangibles: Intangible asset associated with benefit under the MSA 107,511 — — 107,511 Trademark - Douglas Elliman 80,000 (12,000 ) — 68,000 Intangibles with a finite life, net 474 — (82 ) 392 Total goodwill and other intangible assets, net $ 265,993 $ (58,252 ) $ (82 ) $ 207,659 Goodwill is evaluated for impairment annually or whenever the Company identifies certain triggering events or circumstances that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Events or circumstances that might indicate an interim evaluation is warranted include, among other things, unexpected adverse business conditions, macro and reporting unit specific economic factors (for example, interest rate and foreign exchange rate fluctuations, and loss of key personnel), supply costs, unanticipated competitive activities, and acts by governments and courts. During the first quarter of 2020, the Company determined that a triggering event occurred related to the Douglas Elliman reporting unit due to a decline in sales and profitability projections for the reporting unit driven by the COVID-19 pandemic and related economic disruption. The Company utilized third-party valuation specialists to prepare a quantitative assessment of goodwill and trademark intangible asset related to Douglas Elliman. For the goodwill testing, the Company utilized an income approach (a discounted cash flows “DCF” method) to estimate the fair value of the Douglas Elliman business. The estimated fair value of the trademark indefinite-life intangible asset related to the Douglas Elliman brand name was determined using an approach that values the Company’s cash savings from having a royalty-free license compared to the market rate it would pay for access to use the trade name. The third-party quantitative assessments of the goodwill and trademark intangible asset reflected management’s assumptions regarding revenue growth rates, economic and market trends including current expectations of deterioration resulting from the COVID-19 pandemic, changes to cost structures and other expectations about the anticipated short-term and long-term operating results of Douglas Elliman. The quantitative assessments resulted in impairment charges to goodwill of $46,262 and to the trademark intangible asset of $12,000 during the three months ended March 31, 2020 . If the Company fails to achieve the financial projections used in the quantitative assessments of fair value or the impacts of COVID-19 are more severe than expected, additional impairment charges could result in future periods, and such impairment charges could be material.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
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, which are primarily related to nondeductible compensation, and state taxes. The Company’s income tax expense consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income before provision for income taxes $ 36,690 $ 56,766 $ 32,481 $ 78,548 Income tax expense using estimated annual effective income tax rate 10,896 17,566 9,647 24,319 Changes in effective tax rates (12 ) (110 ) — — Impact of discrete items, net 32 3 291 (111 ) Income tax expense $ 10,916 $ 17,459 $ 9,938 $ 24,208 The discrete items for the three months ended June 30, 2020 primarily relates to income tax expense on the changes in value of certain contingent consideration partially offset by income tax benefit related to stock-based compensation. The discrete items for the six months ended June 30, 2020 relate to income tax benefits on the goodwill and trademark impairment charges, changes in value of certain contingent consideration and stock-based compensation partially offset by the income tax expense related to the equity in earnings from investments associated with the one-time gain on sale of LTS. The discrete items for the three and six months ended June 30, 2019 related to an income tax benefit for stock-based compensation.

Investments and Fair Value Meas

Investments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Description Total Quoted Prices in Active Markets for Identical Assets Assets: Money market funds (1) $ 455,669 $ 455,669 $ — $ — Commercial paper (1) 53,463 — 53,463 — Certificates of deposit (2) 2,106 — 2,106 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 11,091 11,091 — — Mutual funds invested in debt securities 22,667 22,667 — — Total equity securities at fair value 33,758 33,758 — — Debt securities available for sale U.S. government securities 12,754 — 12,754 — Corporate securities 37,145 — 37,145 — U.S. government and federal agency 4,984 — 4,984 — Commercial mortgage-backed securities 2 — 2 — Total debt securities available for sale 54,885 — 54,885 — Total investment securities at fair value 88,643 33,758 54,885 — Long-term investments Long-term investment securities at fair value (3) 33,232 — — — Total $ 633,648 $ 489,962 $ 110,454 $ — Liabilities: Fair value of contingent liability $ 1,317 $ — $ — $ 1,317 Total $ 1,317 $ — $ — $ 1,317 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $6,310 that is included in Other current assets and $1,907 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, 2019 Description Total Quoted Prices in Active Markets for Identical Assets Assets: Money market funds (1) $ 307,655 $ 307,655 $ — $ — Commercial paper (1) 47,328 — 47,328 — Certificates of deposit (2) 2,193 — 2,193 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 23,819 23,819 — — Mutual funds invested in debt securities 22,377 22,377 — — Total equity securities at fair value 46,196 46,196 — — Debt securities available for sale U.S. government securities 14,660 — 14,660 — Corporate securities 54,413 — 54,413 — U.S. government and federal agency 6,816 — 6,816 — Commercial mortgage-backed securities 382 — 382 — Commercial paper 5,887 — 5,887 — Index-linked U.S. bonds 779 — 779 — Foreign fixed-income securities 508 — 508 — Total debt securities available for sale 83,445 — 83,445 — Total investment securities at fair value 129,641 46,196 83,445 — Long-term investments Long-term investment securities at fair value (3) 45,781 — — — Total $ 533,133 $ 354,386 $ 132,966 $ — Liabilities: Fair value of contingent liability $ 3,147 $ — $ — $ 3,147 Fair value of derivatives embedded within convertible debt 4,999 — — 4,999 Total $ 8,146 $ — $ — $ 8,146 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $4,423 that is included in current restricted assets and $3,160 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 unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at June 30, 2020 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Technique Unobservable Input Range (Actual) Fair value of contingent liability $ 1,317 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 169,000 Risk-free rate for a 2.50 year term 0.17 % Leverage-adjusted equity volatility of peer firms 64.78 % The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2019 : 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 $ 4,999 Discounted cash flow Assumed annual stock dividend 5 % Assumed remaining cash dividends - Q4 2019 and Q1 2020 $0.40/$0.20 Stock price $ 13.39 Convertible trading price (as a percentage of par value) 103.94 % Volatility 36.94 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 1.0% - 3.0% (2.0%) Fair value of contingent liability $ 3,147 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 271,500 Risk-free rate for a 3-year term 1.61 % Leverage-adjusted equity volatility of peer firms 35.56 % 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 June 30, 2020 and December 31, 2019 , respectively, except for investments in real estate ventures that were impaired as of June 30, 2020 and December 31, 2019 . The Company’s investments in real estate ventures subject to nonrecurring fair value measurements are as follows: Fair Value Measurement Using: Three Months Ended June 30, 2020 Quoted Prices in Active Markets for Identical Assets Description Impairment Charge Total Assets: Investments in real estate ventures $ 3,784 $ 1,980 $ — $ — $ 1,980 The Company estimated the fair value of its investments in real estate ventures using observable inputs such as market pricing based on recent events, however, significant judgment was required to select certain inputs from observed market data. The decrease in the investments in real estate ventures was attributed to the decline in the projected sales prices of the respective real estate venture. The $3,784 of impairment charges were included in equity in losses from real estate ventures for the three months June 30, 2020 . Fair Value Measurement Using: Year Ended December 31, Quoted Prices in Active Markets for Identical Assets Description Impairment Charge Total Assets: Investments in real estate ventures $ 39,757 $ 18,335 $ — $ — $ 18,335 The Company estimated the fair value of its investments in real estate ventures using observable inputs such as market pricing based on recent events, however, significant judgment was required to select certain inputs from observed market data. The decrease in the investments in real estate ventures was attributed to the decline in the projected sales prices and the duration of the estimated sell out of the respective real estate ventures. The $39,757 of impairment charges were included in equity in losses from real estate ventures for the year ended December 31, 2019

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company’s business segments for the three and six months ended June 30, 2020 and 2019 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, 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 six months ended June 30, 2020 and 2019 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended June 30, 2020 Revenues $ 312,510 $ 133,250 $ — $ 445,760 Operating income (loss) 79,309 (1) (6,875 ) (2) (5,637 ) 66,797 Equity in losses from real estate ventures — (12,260 ) — (12,260 ) Depreciation and amortization 2,000 2,198 214 4,412 Three months ended June 30, 2019 Revenues $ 294,501 $ 243,931 $ — $ 538,432 Operating income (loss) 68,651 (3) 14,453 (6,860 ) 76,244 Equity in earnings from real estate ventures — 6,391 — 6,391 Depreciation and amortization 1,950 2,024 250 4,224 Six months ended June 30, 2020 Revenues $ 599,579 $ 300,669 $ — $ 900,248 Operating income (loss) 148,495 (4) (74,350 ) (5) (12,252 ) 61,893 Equity in losses from real estate ventures — (18,765 ) — (18,765 ) Depreciation and amortization 4,042 4,511 434 8,987 Capital expenditures 2,973 3,249 20 6,242 Six months ended June 30, 2019 Revenues $ 551,257 $ 408,099 $ — $ 959,356 Operating income (loss) 128,795 (6) 4,044 (14,005 ) 118,834 Equity in earnings from real estate ventures — 3,952 — 3,952 Depreciation and amortization 3,907 4,525 500 8,932 Capital expenditures 2,753 3,567 — 6,320 (1) Operating income includes $53 of litigation settlement and judgment expense. (2) Operating loss includes $2,961 of restructuring charges. (3) Operating income includes $655 of litigation settlement and judgment expense. (4) Operating income includes $53 of litigation settlement and judgment expense. (5) Operating loss includes $58,252 of impairment charges related to the impairments of goodwill and intangible assets and $2,961 of restructuring charges. (6) Operating income includes $655 of litigation settlement and judgment expense.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2020
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 not by New Valley or any of its subsidiaries, other than DER Holdings LLC. Presented herein are Condensed Consolidating Balance Sheets as of June 30, 2020 and December 31, 2019 , the related Condensed Consolidating Statements of Operations for the three and six months ended June 30, 2020 and 2019 , and the related Condensed Consolidating Statements of Cash Flows for the three and six months ended June 30, 2020 and 2019 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 June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 261,167 $ 217,748 $ 61,448 $ — $ 540,363 Investment securities at fair value 88,643 — — — 88,643 Accounts receivable - trade, net — 13,222 19,538 — 32,760 Intercompany receivables 45,946 — — (45,946 ) — Inventories — 98,609 — — 98,609 Income taxes receivable, net — — 7,696 (7,696 ) — Other current assets 2,560 8,069 28,209 (475 ) 38,363 Total current assets 398,316 337,648 116,891 (54,117 ) 798,738 Property, plant and equipment, net 413 32,245 44,959 — 77,617 Investments in real estate, net — — 28,876 — 28,876 Long-term investment securities at fair value 33,232 — — — 33,232 Investments in real estate ventures — — 115,377 — 115,377 Operating lease right-of-use assets 6,521 3,918 138,223 — 148,662 Investments in consolidated subsidiaries 365,814 163,958 — (529,772 ) — Goodwill and other intangible assets, net — 107,511 100,148 — 207,659 Other assets 30,250 47,092 44,244 — 121,586 Total assets $ 834,546 $ 692,372 $ 588,718 $ (583,889 ) $ 1,531,747 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ — $ 8,816 $ 8,787 $ (8,750 ) $ 8,853 Intercompany payables — 167 45,779 (45,946 ) — Income taxes payable, net 37,394 7,133 — (7,696 ) 36,831 Current payments due under the Master Settlement Agreement — 102,125 — — 102,125 Current operating lease liability 754 1,694 15,820 — 18,268 Other current liabilities 45,267 223,205 63,780 (218 ) 332,034 Total current liabilities 83,415 343,140 134,166 (62,610 ) 498,111 Notes payable, long-term debt and other obligations, less current portion 1,378,871 18,827 19,246 (18,750 ) 1,398,194 Non-current employee benefits 51,599 9,426 — — 61,025 Deferred income taxes, net (17,310 ) 21,756 7,992 — 12,438 Non-current operating lease liability 6,787 2,790 149,719 — 159,296 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 388 37,724 35,092 (1,317 ) 71,887 Total liabilities 1,503,750 433,663 346,215 (82,677 ) 2,200,951 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (669,204 ) 258,709 242,503 (501,212 ) (669,204 ) Non-controlling interest — — — — — Total stockholders' (deficiency) equity (669,204 ) 258,709 242,503 (501,212 ) (669,204 ) Total liabilities and stockholders' deficiency $ 834,546 $ 692,372 $ 588,718 $ (583,889 ) $ 1,531,747 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 272,282 $ 27,178 $ 71,881 $ — $ 371,341 Investment securities at fair value 129,641 — — — 129,641 Accounts receivable - trade, net — 15,646 21,313 — 36,959 Intercompany receivables 44,043 — — (44,043 ) — Inventories — 98,762 — — 98,762 Income taxes receivable, net — — 95 (95 ) — Other current assets 9,159 9,021 26,731 — 44,911 Total current assets 455,125 150,607 120,020 (44,138 ) 681,614 Property, plant and equipment, net 425 33,816 47,919 — 82,160 Investments in real estate, net — — 28,317 — 28,317 Long-term investment securities at fair value 45,781 — — — 45,781 Investments in real estate ventures — — 131,556 — 131,556 Operating lease right-of-use assets 7,085 4,830 137,663 — 149,578 Investments in consolidated subsidiaries 420,353 238,040 — (658,393 ) — Goodwill and other intangible assets, net — 107,511 158,482 — 265,993 Other assets 31,022 46,416 42,652 — 120,090 Total assets $ 959,791 $ 581,220 $ 666,609 $ (702,531 ) $ 1,505,089 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 163,932 $ 45,210 $ 10,127 $ (10,000 ) $ 209,269 Current portion of fair value of derivatives embedded within convertible debt 4,999 — — — 4,999 Intercompany payables — 236 43,807 (44,043 ) — Income taxes payable, net 2,398 2,835 — (95 ) 5,138 Current payments due under the Master Settlement Agreement — 34,116 — — 34,116 Current operating lease liability 508 2,015 15,771 — 18,294 Other current liabilities 52,065 78,947 59,202 (897 ) 189,317 Total current liabilities 223,902 163,359 128,907 (55,035 ) 461,133 Notes payable, long-term debt and other obligations, less current portion 1,377,108 20,089 20,019 (20,000 ) 1,397,216 Non-current employee benefits 50,806 17,047 — — 67,853 Deferred income taxes, net (14,492 ) 22,620 25,567 — 33,695 Non-current operating lease liability 7,558 3,402 146,003 — 156,963 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 373 41,020 34,999 (3,147 ) 73,245 Total liabilities 1,645,255 267,537 355,495 (78,182 ) 2,190,105 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (685,464 ) 313,683 310,666 (624,349 ) (685,464 ) Non-controlling interest — — 448 — 448 Total stockholders' (deficiency) equity (685,464 ) 313,683 311,114 (624,349 ) (685,016 ) Total liabilities and stockholders' deficiency $ 959,791 $ 581,220 $ 666,609 $ (702,531 ) $ 1,505,089 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 312,630 $ 133,250 $ (120 ) $ 445,760 Expenses: Cost of sales — 214,067 90,818 — 304,885 Operating, selling, administrative and general expenses 8,429 16,379 46,376 (120 ) 71,064 Litigation settlement and judgment expense — 53 — — 53 Management fee expense — 3,114 — (3,114 ) — Restructuring charges — — 2,961 — 2,961 Operating (loss) income (8,429 ) 79,017 (6,905 ) 3,114 66,797 Other income (expenses): Interest expense (28,666 ) (690 ) (106 ) 104 (29,358 ) Change in fair value of derivatives embedded within convertible debt 1,669 — — — 1,669 Equity in losses from real estate ventures — — (12,260 ) — (12,260 ) Equity in earnings from investments 2,207 — — — 2,207 Equity in earnings in consolidated subsidiaries 46,526 (5,042 ) — (41,484 ) — Management fee income 3,114 — — (3,114 ) — Other, net 5,154 (78 ) 2,325 234 7,635 Income (loss) before provision for income taxes 21,575 73,207 (16,946 ) (41,146 ) 36,690 Income tax benefit (expense) 4,199 (19,644 ) 4,529 — (10,916 ) Net income (loss) 25,774 53,563 (12,417 ) (41,146 ) 25,774 Net income (loss) attributed to Vector Group Ltd. $ 25,774 $ 53,563 $ (12,417 ) $ (41,146 ) $ 25,774 Comprehensive income (loss) attributed to Vector Group Ltd. $ 26,531 $ 53,713 $ (12,417 ) $ (41,296 ) $ 26,531 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 294,621 $ 243,931 $ (120 ) $ 538,432 Expenses: Cost of sales — 204,461 163,713 — 368,174 Operating, selling, administrative and general expenses 9,515 18,167 65,797 (120 ) 93,359 Litigation settlement and judgment expense — 655 — — 655 Management fee expense — 2,992 — (2,992 ) — Operating (loss) income (9,515 ) 68,346 14,421 2,992 76,244 Other income (expenses): Interest expense (31,706 ) (1,043 ) (228 ) 224 (32,753 ) Change in fair value of derivatives embedded within convertible debt 3,788 — — — 3,788 Equity in earnings from real estate ventures — — 6,391 — 6,391 Equity in losses from investments (1,685 ) — — — (1,685 ) Equity in earnings in consolidated subsidiaries 66,163 15,138 — (81,301 ) — Management fee income 2,992 — — (2,992 ) — Other, net 3,702 447 632 — 4,781 Income before provision for income taxes 33,739 82,888 21,216 (81,077 ) 56,766 Income tax benefit (expense) 5,568 (17,118 ) (5,909 ) — (17,459 ) Net income 39,307 65,770 15,307 (81,077 ) 39,307 Net income attributed to Vector Group Ltd. $ 39,307 $ 65,770 $ 15,307 $ (81,077 ) $ 39,307 Comprehensive income attributed to Vector Group Ltd. $ 39,912 $ 66,004 $ 15,307 $ (81,311 ) $ 39,912 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 599,818 $ 300,669 $ (239 ) $ 900,248 Expenses: Cost of sales — 411,357 204,151 — 615,508 Operating, selling, administrative and general expenses 17,593 34,440 109,787 (239 ) 161,581 Litigation settlement and judgment expense — 53 — — 53 Impairments of goodwill and intangible assets — — 58,252 — 58,252 Management fee expense — 6,228 — (6,228 ) — Restructuring charges — — 2,961 — 2,961 Operating (loss) income (17,593 ) 147,740 (74,482 ) 6,228 61,893 Other income (expenses): Interest expense (63,405 ) (1,576 ) (222 ) 218 (64,985 ) Change in fair value of derivatives embedded within convertible debt 4,999 — — — 4,999 Equity in losses from real estate ventures — — (18,765 ) — (18,765 ) Equity in earnings from investments 52,359 — — — 52,359 Equity in earnings in consolidated subsidiaries 43,185 (74,082 ) — 30,897 — Management fee income 6,228 — — (6,228 ) — Other, net (5,700 ) 2,229 2,282 (1,831 ) (3,020 ) Income (loss) before provision for income taxes 20,073 74,311 (91,187 ) 29,284 32,481 Income tax benefit (expense) 2,470 (36,746 ) 24,338 — (9,938 ) Net income (loss) 22,543 37,565 (66,849 ) 29,284 22,543 Net income (loss) attributed to Vector Group Ltd. $ 22,543 $ 37,565 $ (66,849 ) $ 29,284 $ 22,543 Comprehensive income (loss) attributed to Vector Group Ltd. $ 23,522 $ 37,864 $ (66,849 ) $ 28,985 $ 23,522 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 551,496 $ 408,099 $ (239 ) $ 959,356 Expenses: Cost of sales — 381,764 272,430 — 654,194 Operating, selling, administrative and general expenses 19,346 34,858 131,708 (239 ) 185,673 Litigation settlement and judgment expense — 655 — — 655 Management fee expense — 5,985 — (5,985 ) — Operating (loss) income (19,346 ) 128,234 3,961 5,985 118,834 Other income (expenses): Interest expense (68,254 ) (2,010 ) (457 ) 448 (70,273 ) Change in fair value of derivatives embedded within convertible debt 14,137 — — — 14,137 Equity in earnings from real estate ventures — — 3,952 — 3,952 Equity in losses from investments (323 ) — — — (323 ) Equity in earnings in consolidated subsidiaries 101,428 4,724 — (106,152 ) — Management fee income 5,985 — — (5,985 ) — Other, net 10,285 600 1,336 — 12,221 Income before provision for income taxes 43,912 131,548 8,792 (105,704 ) 78,548 Income tax benefit (expense) 10,348 (32,066 ) (2,490 ) — (24,208 ) Net income 54,260 99,482 6,302 (105,704 ) 54,340 Net income attributed to non-controlling interest — — (80 ) — (80 ) Net income attributed to Vector Group Ltd. $ 54,260 $ 99,482 $ 6,222 $ (105,704 ) $ 54,260 Comprehensive income attributed to non-controlling interest $ — $ — $ (80 ) $ — $ (80 ) Comprehensive income attributed to Vector Group Ltd. $ 55,446 $ 99,951 $ 6,222 $ (106,173 ) $ 55,446 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by (used in) operating activities $ 126,021 $ 325,721 $ (5,489 ) $ (104,924 ) $ 341,329 Cash flows from investing activities: Sale of investment securities 19,555 — — — 19,555 Maturities of investment securities 31,574 — — — 31,574 Purchase of investment securities (16,867 ) — — — (16,867 ) Proceeds from sale or liquidation of long-term investments 23,407 — — — 23,407 Purchase of long-term investments (5,238 ) — — — (5,238 ) Investments in real estate ventures — — (3,858 ) — (3,858 ) Distributions from investments in real estate ventures — — 5,172 — 5,172 Increase in cash surrender value of life insurance policies (340 ) (411 ) — — (751 ) (Increase) decrease in restricted assets (13 ) 100 — — 87 Investments in subsidiaries (9,164 ) — — 9,164 — Capital expenditures (20 ) (2,973 ) (3,249 ) — (6,242 ) Pay downs of investment securities 415 — — — 415 Investments in real estate, net — — (679 ) — (679 ) Net cash provided by (used in) investing activities 43,309 (3,284 ) (2,614 ) 9,164 46,575 Cash flows from financing activities: Proceeds from issuance of debt — — 531 — 531 Repayments of debt (169,610 ) (204 ) (2,653 ) — (172,467 ) Borrowings under revolver — 130,641 — — 130,641 Repayments on revolver — (165,593 ) — — (165,593 ) Capital contributions received — 550 8,614 (9,164 ) — Intercompany dividends paid — (97,259 ) (7,665 ) 104,924 — Dividends and distributions on common stock (63,478 ) — — — (63,478 ) Distributions to non-controlling interest — — (448 ) — (448 ) Proceeds from issuance of Vector stock 52,563 — — — 52,563 Other 80 — (75 ) — 5 Net cash used in financing activities (180,445 ) (131,865 ) (1,696 ) 95,760 (218,246 ) Net (decrease) increase in cash, cash equivalents and restricted cash (11,115 ) 190,572 (9,799 ) — 169,658 Cash, cash equivalents and restricted cash, beginning of period 272,282 27,730 79,464 — 379,476 Cash, cash equivalents and restricted cash, end of period $ 261,167 $ 218,302 $ 69,665 $ — $ 549,134 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 78,661 $ 148,639 $ 10,158 $ (139,356 ) $ 98,102 Cash flows from investing activities: Sale of investment securities 12,942 — — — 12,942 Maturities of investment securities 28,610 — — — 28,610 Purchase of investment securities (44,222 ) — — — (44,222 ) Investments in real estate ventures — — (21,908 ) — (21,908 ) Investments in real estate, net — — (1,153 ) — (1,153 ) Purchase of subsidiaries — — (668 ) — (668 ) Distributions from investments in real estate ventures — — 23,200 — 23,200 Increase in cash surrender value of life insurance policies (385 ) (404 ) — — (789 ) (Increase) decrease in restricted assets (15 ) 683 — — 668 Pay downs of investment securities 545 — — — 545 Proceeds from sale of fixed assets — 8 — — 8 Investments in subsidiaries (27,482 ) — — 27,482 — Capital expenditures — (2,753 ) (3,567 ) — (6,320 ) Net cash used in investing activities (30,007 ) (2,466 ) (4,096 ) 27,482 (9,087 ) Cash flows from financing activities: Deferred financing costs — (33 ) — — (33 ) Repayments of debt (230,000 ) (621 ) (150 ) — (230,771 ) Borrowings under revolver — 172,224 — — 172,224 Repayments on revolver — (169,727 ) — — (169,727 ) Capital contributions received — 575 26,907 (27,482 ) — Intercompany dividends paid — (102,739 ) (36,617 ) 139,356 — Dividends and distributions on common stock (118,748 ) — — — (118,748 ) Distributions to non-controlling interest — — (285 ) — (285 ) Net cash used in financing activities (348,748 ) (100,321 ) (10,145 ) 111,874 (347,340 ) Net (decrease) increase in cash, cash equivalents and restricted cash (300,094 ) 45,852 (4,083 ) — (258,325 ) 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 $ 174,786 $ 69,701 $ 88,917 $ — $ 333,404

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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, 2019 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 :
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.
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. 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. On a quarterly basis, the Company evaluates its investments in real estate ventures to determine if there are indicators of impairment. If so, the Company further investigates to determine if an impairment has occurred and whether such impairment is considered temporary or other than temporary. The Company believes that the assessment of temporary or other-than-temporary impairment is facts-and-circumstances driven.
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 2020 : In October 2018, the Financial Accounting Standards Board (“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. Adoption of this update did not have a material impact 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. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 , Fair Value Measuremen t ( Topic 820 ): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measuremen t, 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 impacted financial statement disclosure and had no impact on operating results. In June 2016, the FASB issued ASU No. 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credi t 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. Subsequent updates were released in November 2018 ( ASU No. 2018-19) , November 2019 ( ASU No. 2019-10 and 2019-1 1) and February 2020 ( ASU No. 2020-02 ) that provided additional guidance on this Topic. This guidance is effective for fiscal years beginning after December 15, 2019. The ASU introduces a new accounting model, the Current Expected Credit Losses model (CECL), which requires earlier recognition of credit losses and additional disclosures related to credit risk. The CECL model utilizes a lifetime expected credit loss measurement objective for the recognition of credit losses for notes and other receivables at the time the financial asset is originated or acquired. The expected credit losses are adjusted each period for changes in expected lifetime credit losses. This model replaced the previous impairment models in U.S. GAAP, which generally required that a loss be incurred before it is recognized. The new standard applies to receivables arising from revenue transactions such as contract assets and accounts receivables. The adoption of this standard resulted in an increase in stockholders’ deficiency of $2,263 , net of tax, attributed to commercial real estate term loans allowance for credit losses of $3,100 as of January 1, 2020. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The update simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount. Under the amendments of the ASU, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments in this update are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. This guidance was adopted on January 1, 2020, on a prospective basis. The Company applied the new guidance to evaluate its goodwill during the first quarter of 2020. As a result, a goodwill impairment charge of $46,252 was recorded as the Company's estimated fair value of a reporting unit was less than its book value. ASUs to be adopted in future periods: In August 2018, the FASB issued ASU No. 2018-1 4, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plan s (“ 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. The Company does not plan to early adopt. The adoption of ASU 2018-14 will impact financial statement disclosure with no impact on operating results. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This update simplifies various aspects related to accounting for income taxes, removes certain exceptions to the general principles in Accounting Standards Codification (“ASC”) 740, and clarifies and amends existing guidance to improve consistent application. ASU No. 2019-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the effect the standard will have on its condensed consolidated financial statements and related disclosures. In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (“ASU 2020-01”). The new standard clarifies the interaction of accounting for the transition into and out of the equity method. The new standard also clarifies the accounting for measuring certain purchased options and forward contracts to acquire investments. The ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted, including early adoption in an interim period. The Company is currently evaluating the effect the standard will have on its condensed consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04” ). This ASU is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. This guidance is effective for all entities for contract modifications beginning March 12, 2020 and can be applied prospectively through December 31, 2022. The Company has not yet determined the extent to which it will utilize these expedients and exceptions should a modification occur. The Company is currently evaluating the impact of the new guidance on its condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributed to Vector Group Ltd. $ 25,774 $ 39,307 $ 22,543 $ 54,260 Income attributed to participating securities (707 ) (2,027 ) (1,268 ) (4,029 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 25,067 $ 37,280 $ 21,275 $ 50,231 Net income for purposes of determining diluted EPS was as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributed to Vector Group Ltd. $ 25,774 $ 39,307 $ 22,543 $ 54,260 Income attributable to 5.5% Variable Interest Senior Convertible Notes (375 ) — — — Income attributable to 7.5% Variable Interest Senior Convertible Notes — — — (1,246 ) Income attributed to participating securities (707 ) (2,027 ) (1,268 ) (4,029 ) Net income applicable to common shares attributed to Vector Group Ltd. $ 24,692 $ 37,280 $ 21,275 $ 48,985
Basic and diluted EPS calculation shares	Basic and diluted EPS were calculated using the following common shares: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Weighted-average shares for basic EPS 149,379,306 146,509,025 148,189,710 146,490,322 Plus incremental shares related to convertible debt 1,379,454 — — 1,449,753 Plus incremental shares related to stock options and non-vested restricted stock 88,100 12,082 85,701 14,242 Weighted-average shares for diluted EPS 150,846,860 146,521,107 148,275,411 147,954,317
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 six months ended June 30, 2020 and 2019 , 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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Weighted-average shares of non-vested restricted stock 625,122 1,407,820 625,122 1,407,820 Weighted-average expense per share $ 19.54 $ 17.92 $ 19.54 $ 17.92 Weighted-average number of shares issuable upon conversion of debt — 11,447,061 4,874,072 11,447,061 Weighted-average conversion price $ — $ 20.27 $ 20.27 $ 20.27
Summary of restructuring charges	The following table summarizes amounts expensed for the three and six months ended June 30, 2020 : Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Cash Charges: Employee severance and benefits $ 1,599 $ 1,599 Other restructuring expenses 218 218 1,817 1,817 Non-Cash: Loss on fixed assets associated with consolidation of sales offices 1,144 1,144 1,144 1,144 Total restructuring charges $ 2,961 $ 2,961 The following table presents the activity under the Real Estate segment restructuring plan for the six months ended June 30, 2020 : Employee Severance and Benefits Other Non-Cash Loss on Fixed Assets Total Accrual balance as of January 1, 2020 $ — $ — $ — $ — Restructuring charges 1,599 218 1,144 2,961 Utilized (1,239 ) — (1,144 ) (2,383 ) Accrual balance as of June 30, 2020 $ 360 $ 218 $ — $ 578
Schedule of other income (loss), net	Other, net consisted of: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Interest and dividend income $ 968 $ 3,139 $ 3,648 $ 6,347 Net gains (losses) recognized on investment securities 4,781 2,315 (7,459 ) 7,088 Net periodic benefit cost other than the service costs (454 ) (575 ) (909 ) (1,116 ) Other income (expense) 2,340 (98 ) 1,700 (98 ) Other, net $ 7,635 $ 4,781 $ (3,020 ) $ 12,221
Schedule of other assets	Other assets consisted of: June 30, December 31, 2019 Restricted assets $ 4,004 $ 5,241 Prepaid pension costs 32,207 31,686 Equity-method investments 14,817 15,942 Contract assets, net 25,957 18,443 Other assets 44,601 48,778 Total other assets $ 121,586 $ 120,090
Schedule of other current liabilities	Other current liabilities consisted of: June 30, December 31, 2019 Accounts payable $ 12,232 $ 10,222 Accrued promotional expenses 44,254 35,900 Accrued excise and payroll taxes payable, net 149,758 18,653 Accrued interest 31,623 35,756 Commissions payable 22,225 18,378 Accrued salary and benefits 15,407 29,464 Contract liabilities 7,830 9,358 Allowance for sales returns 8,191 7,785 Other current liabilities 40,514 23,801 Total other current liabilities $ 332,034 $ 189,317
Schedule of components of cash, cash equivalents and restricted cash	The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows: June 30, December 31, Cash and cash equivalents $ 540,363 $ 371,341 Restricted cash and cash equivalents included in other current assets 6,310 4,423 Restricted cash and cash equivalents included in other assets 2,461 3,712 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 549,134 $ 379,476

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Tobacco Segment Revenues: Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE $ 283,951 $ 267,277 $ 542,166 $ 500,383 Other Brands 28,559 27,224 57,413 50,874 Total tobacco revenues $ 312,510 $ 294,501 $ 599,579 $ 551,257 In the following table, revenue is disaggregated by major services line and primary geographical market for the Real Estate segment: Three months ended June 30, 2020 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 35,861 $ 35,631 $ 23,232 $ 20,024 $ 114,748 Commission and other brokerage income - development marketing 5,173 — 2,747 586 8,506 Property management revenue 8,617 215 — — 8,832 Title fees 474 369 — — 843 Total Douglas Elliman revenue 50,125 36,215 25,979 20,610 132,929 Other real estate revenues — — — 321 321 Total real estate revenues $ 50,125 $ 36,215 $ 25,979 $ 20,931 $ 133,250 Three months ended June 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 104,301 $ 39,880 $ 31,324 $ 31,653 $ 207,158 Commission and other brokerage income - development marketing 22,718 — 436 22 23,176 Property management revenue 10,048 170 — — 10,218 Title fees 1,869 471 — 60 2,400 Total Douglas Elliman revenue 138,936 40,521 31,760 31,735 242,952 Other real estate revenues — — — 979 979 Total real estate revenues $ 138,936 $ 40,521 $ 31,760 $ 32,714 $ 243,931 Six Months Ended June 30, 2020 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 85,970 $ 70,355 $ 53,410 $ 45,724 $ 255,459 Commission and other brokerage income - development marketing 13,624 — 9,469 668 23,761 Property management revenue 17,179 432 — — 17,611 Title fees 1,067 632 — — 1,699 Total Douglas Elliman revenue 117,840 71,419 62,879 46,392 298,530 Other real estate revenues — — — 2,139 2,139 Total real estate revenues $ 117,840 $ 71,419 $ 62,879 $ 48,531 $ 300,669 Six Months Ended June 30, 2019 New York City Northeast Southeast West Total Real Estate Segment Revenues : Commission and other brokerage income - existing home sales $ 169,980 $ 70,991 $ 54,295 $ 50,182 $ 345,448 Commission and other brokerage income - development marketing 34,104 — 3,066 29 37,199 Property management revenue 18,215 354 — — 18,569 Title fees 2,663 910 60 — 3,633 Total Douglas Elliman revenue 224,962 72,255 57,421 50,211 404,849 Other real estate revenues — — — 3,250 3,250 Total real estate revenues $ 224,962 $ 72,255 $ 57,421 $ 53,461 $ 408,099
Contract Balances	The following table provides information about contracts assets and contract liabilities from development marketing and commercial leasing contracts with customers: June 30, 2020 December 31, 2019 Receivables, which are included in accounts receivable - trade, net $ 1,532 $ 2,129 Contract assets, net, which are included in other current assets 5,296 8,766 Payables, which are included in other current liabilities 1,084 1,663 Contract liabilities, which are included in other current liabilities 7,830 9,358 Contract assets, net, which are included in other assets 25,957 18,443 Contract liabilities, which are included in other liabilities 32,125 29,045

Current Expected Credit Losses

Current Expected Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Credit Loss [Abstract]
Rollforward of Allowance for Credit Losses	The following is the rollforward of the allowance for credit losses for the six months ended June 30, 2020 : January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 6,132 $ 1,270 (1) $ 41 $ — 7,361 New Valley term loan receivables 3,100 432 (2) — — 3,532 ______________________ (1) The bad debt expense related to the real estate broker agent receivables is included in Operating, selling, administrative and general expenses on the condensed consolidated statements of operations. (2) The credit losses related to the New Valley term loan receivables are included in Other, net on the condensed consolidated statements of operations.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lease Expense and Supplemental Cash Flow Information	The components of lease expense were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Operating lease cost $ 9,356 $ 9,630 $ 18,780 $ 18,505 Short-term lease cost 389 279 790 513 Variable lease cost 588 898 1,155 1,690 Finance lease cost: Amortization 39 63 77 119 Interest on lease liabilities 4 4 7 7 Total lease cost $ 10,376 $ 10,874 $ 20,809 $ 20,834 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2020 2019 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 11,953 $ 18,440 Operating cash flows from finance leases 7 7 Financing cash flows from finance leases 69 113 Right-of-use assets obtained in exchange for lease obligations: Operating leases 9,076 13,061 Finance leases 60 123
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2020 2019 Operating leases: Operating lease right-of-use assets $ 148,662 $ 149,578 Current operating lease liability $ 18,268 $ 18,294 Non-current operating lease liability 159,296 156,963 Total operating lease liabilities $ 177,564 $ 175,257 Finance leases: Investments in real estate, net (1) $ 84 $ 88 Property, plant and equipment, at cost $ 127 $ 127 Accumulated amortization (32 ) (19 ) Property and equipment, net $ 95 $ 108 Current portion of notes payable and long-term debt $ 61 $ 86 Notes payable, long-term debt and other obligations, less current portion 124 108 Total finance lease liabilities $ 185 $ 194 Weighted average remaining lease term: Operating leases 8.35 8.46 Finance leases 3.10 3.01 Weighted average discount rate: Operating leases 9.48 % 10.75 % Finance leases 7.68 % 8.61 % (1) Included in Investments in real estate, net on the condensed consolidated balance sheets are financing lease equipment, at cost of $822 and $762 and accumulated amortization of $738 and $674 as of June 30, 2020 and December 31, 2019 , respectively.
Maturities of Operating Lease Liabilities	As of June 30, 2020 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Period Ending December 31: Remainder of 2020 $ 15,374 $ 39 2021 38,992 66 2022 34,772 61 2023 31,516 35 2024 25,902 8 2025 20,980 — Thereafter 96,668 — Total lease payments 264,204 209 Less imputed interest (86,640 ) (24 ) Total $ 177,564 $ 185
Maturities of Financing Lease Liabilities	As of June 30, 2020 , maturities of lease liabilities were as follows: Operating Leases Finance Leases Period Ending December 31: Remainder of 2020 $ 15,374 $ 39 2021 38,992 66 2022 34,772 61 2023 31,516 35 2024 25,902 8 2025 20,980 — Thereafter 96,668 — Total lease payments 264,204 209 Less imputed interest (86,640 ) (24 ) Total $ 177,564 $ 185

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of: June 30, December 31, Leaf tobacco $ 48,482 $ 44,516 Other raw materials 4,564 4,669 Work-in-process 532 333 Finished goods 66,970 71,183 Inventories at current cost 120,548 120,701 LIFO adjustments (21,939 ) (21,939 ) $ 98,609 $ 98,762

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Maturity Dates of Fixed Income Securities	The table below summarizes the maturity dates of debt securities available for sale at June 30, 2020 . Investment Type: Fair Value Under 1 Year 1 Year up to 5 Years More than 5 Years U.S. Government securities $ 12,754 $ 8,761 $ 3,993 $ — Corporate securities 37,145 22,570 14,575 — U.S. mortgage-backed securities 4,984 3,134 1,850 — Commercial mortgage-backed securities 2 2 — — Total debt securities available for sale by maturity dates $ 54,885 $ 34,467 $ 20,418 $ —
Investment Securities at Fair Value	Investment securities consisted of the following: June 30, December 31, 2019 Debt securities available for sale $ 54,885 $ 83,445 Equity securities at fair value: Marketable equity securities 11,091 23,819 Mutual funds invested in debt securities 22,667 22,377 Long-term investment securities at fair value (1) 33,232 45,781 Total equity securities at fair value 66,990 91,977 Total investment securities at fair value 121,875 175,422 Less: Long-term investment securities at fair value 33,232 45,781 Current investment securities at fair value 88,643 129,641 Equity-method investments $ 14,817 $ 15,942 (1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820. Net gains (losses) recognized on investment securities were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net gains (losses) recognized on equity securities $ 4,711 $ 2,311 $ (7,026 ) $ 7,051 Net gains (losses) recognized on debt securities available for sale 70 6 (47 ) 42 Impairment expense — (2 ) (386 ) (5 ) Net gains (losses) recognized on investment securities $ 4,781 $ 2,315 $ (7,459 ) $ 7,088 The components of debt securities available for sale at December 31, 2019 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 82,714 $ 731 $ — $ 83,445 The components of debt securities available for sale at June 30, 2020 were as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Marketable debt securities $ 53,741 $ 1,144 $ — $ 54,885
Schedule of Realized Gains (Losses)	Gross realized gains and losses on debt securities available for sale were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Gross realized gains on sales $ 72 $ 9 $ 170 $ 47 Gross realized losses on sales (2 ) (3 ) (217 ) (5 ) Net gains (losses) recognized on debt securities available for sale $ 70 $ 6 $ (47 ) $ 42 Impairment expense $ — $ (2 ) $ (386 ) $ (5 )
Equity Securities at Fair Value	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 six months ended June 30, 2020 and 2019 , respectively: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net gains (losses) recognized on equity securities $ 4,711 $ 2,311 $ (7,026 ) $ 7,051 Less: Net gains (losses) recognized on equity securities sold 601 278 (17 ) 410 Net unrealized gains (losses) recognized on equity securities still held at the reporting date $ 4,110 $ 2,033 $ (7,009 ) $ 6,641
Equity Method Investments	Equity in earnings (losses) from investments were: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Mutual fund and hedge funds $ 2,207 $ (230 ) $ (693 ) $ 612 LTS — (1,480 ) 53,052 (985 ) Other — 25 — 50 Equity in earnings (losses) from investments $ 2,207 $ (1,685 ) $ 52,359 $ (323 ) Equity-method investments consisted of the following: June 30, December 31, 2019 Mutual fund and hedge funds $ 14,817 $ 15,509 Ladenburg Thalmann Financial Services Inc. (“LTS”) — 433 $ 14,817 $ 15,942

New Valley LLC (Tables)

New Valley LLC (Tables)	6 Months Ended
	Jun. 30, 2020
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: Six Months Ended June 30, 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ 1,735 $ 571 All other U.S. areas 5,214 1,279 6,949 1,850 Apartment Buildings: All other U.S. areas — 3 — 3 Hotels: New York City SMSA — 21,572 — 21,572 Commercial: New York City SMSA 3 9 All other U.S. areas 52 129 55 138 Other 23 1,697 Total distributions $ 7,027 $ 25,260 The components of “Investments in real estate ventures” were as follows: Range of Ownership (1) June 30, 2020 December 31, 2019 Condominium and Mixed Use Development: New York City Standard Metropolitan Statistical Area (“SMSA”) 3.1% - 49.5% $ 42,851 $ 51,078 All other U.S. areas 15.0% - 77.8% 47,172 55,842 90,023 106,920 Hotels: New York City SMSA 1.0% - 18.4% 3,107 2,462 International 49.0% 1,610 2,161 4,717 4,623 Commercial: New York City SMSA 49.0% 2,076 1,852 All other U.S. areas 1.6% 7,567 7,634 9,643 9,486 Other: 15.0% - 49.0% 10,994 10,527 Investments in real estate ventures $ 115,377 $ 131,556 ______________________ (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: Six Months Ended June 30, 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ 1,169 $ 21,537 All other U.S. areas 2,161 — 3,330 21,537 Apartment Buildings: All other U.S. areas 76 — 76 — Hotels: New York City SMSA — 172 — 172 Other: 452 199 Total contributions $ 3,858 $ 21,908 Equity in (Losses) Earnings from Real Estate Ventures: New Valley recognized equity in (losses) earnings from real estate ventures as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Condominium and Mixed Use Development: New York City SMSA $ (5,104 ) $ (1,120 ) $ (8,451 ) $ (3,226 ) All other U.S. areas (1) (6,489 ) (2,258 ) (9,288 ) (2,366 ) (11,593 ) (3,378 ) (17,739 ) (5,592 ) Apartment Buildings: All other U.S. areas (76 ) 3 (76 ) 3 (76 ) 3 (76 ) 3 Hotels: New York City SMSA (1) (542 ) 8,942 (649 ) 8,234 International (90 ) 122 (551 ) (364 ) (632 ) 9,064 (1,200 ) 7,870 Commercial: New York City SMSA 301 384 227 263 All other U.S. areas (264 ) 79 (15 ) 371 37 463 212 634 Other: 4 239 38 1,037 Equity in (losses) earnings from real estate ventures $ (12,260 ) $ 6,391 $ (18,765 ) $ 3,952 ______________________ (1) The Company recognized a liability, classified in Other current liabilities, of $2,498 as a result of recording equity in losses in excess of the joint ventures' carrying value. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income Statement Revenue $ 1,830 $ — $ 33,409 $ — Cost of goods sold — — 22,100 — Other expenses 14,013 6 31,926 75 Loss from continuing operations $ (12,183 ) $ (6 ) $ (20,617 ) $ (75 ) 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: June 30, 2020 Condominium and Mixed Use Development: New York City SMSA $ 42,851 All other U.S. areas 47,172 90,023 Hotels: New York City SMSA 3,107 International 1,610 4,717 Commercial: New York City SMSA 2,076 All other U.S. areas 7,567 9,643 Other: 24,641 Total maximum exposure to loss $ 129,024
Investments in real estate, net	nvestments in Real Estate, net: The components of “Investments in real estate, net” were as follows: June 30, December 31, Escena, net $ 9,852 $ 9,972 Sagaponack 19,024 18,345 Investments in real estate, net $ 28,876 $ 28,317 Escena. The assets of “Escena, net” were as follows: June 30, December 31, Land and land improvements $ 8,911 $ 8,910 Building and building improvements 1,926 1,926 Other 1,673 1,659 12,510 12,495 Less accumulated depreciation (2,658 ) (2,523 ) $ 9,852 $ 9,972

Notes Payable, Long-Term Debt_2

Notes Payable, Long-Term Debt and Other Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Notes payable, long-term debt and other obligations	Notes payable, long-term debt and other obligations consisted of: June 30, December 31, Vector: 6.125% Senior Secured Notes due 2025 $ 850,000 $ 850,000 10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392 551,779 551,608 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $0 and $5,276* — 164,334 Liggett: Revolving credit facility — 34,952 Equipment loans 143 347 Other 28,033 30,146 Notes payable, long-term debt and other obligations 1,429,955 1,631,387 Less: Debt issuance costs (22,908 ) (24,902 ) Total notes payable, long-term debt and other obligations 1,407,047 1,606,485 Less: Current maturities (8,853 ) (209,269 ) Amount due after one year $ 1,398,194 $ 1,397,216 ______________________ * The fair value of the derivatives embedded within the 5.5% Variable Interest Senior Convertible Debentures ( $4,999 at December 31, 2019 ), is separately classified as a derivative liability in the condensed consolidated balance sheets.
Schedule of non-cash interest expense - Vector	Non-Cash Interest Expense — Vector : Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Amortization of debt discount, net $ 847 $ 5,447 $ 5,447 $ 13,972 Amortization of debt issuance costs 889 1,053 2,047 2,238 $ 1,736 $ 6,500 $ 7,494 $ 16,210
Schedule of fair value of notes payable and long-term debt	Fair Value of Notes Payable and Long-Term Debt : June 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Value Value Value Value Senior Notes $ 1,401,779 $ 1,380,787 $ 1,401,608 $ 1,409,920 Variable Interest Senior Convertible Debt — — 164,334 176,289 Liggett and other 28,176 28,188 65,445 65,456 Notes payable and long-term debt $ 1,429,955 $ 1,408,975 $ 1,631,387 (1) $ 1,651,665 ______________________ (1) The carrying value does not include the carrying value of the embedded derivative. See Note 12 .

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of contingencies	he following table lists the number of Individual Actions by state: State Number of Cases Florida 37 Illinois 9 Nevada 5 Louisiana 2 Massachusetts 1 The activity in the Company’s accruals for the MSA and tobacco litigation for the six months ended June 30, 2020 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, 2020 $ 34,116 $ 4,249 $ 38,365 $ 17,275 $ 20,594 $ 37,869 Expenses 96,215 28 96,243 — — — Change in MSA obligations capitalized as inventory (137 ) — (137 ) — — — Payments (27,214 ) (4,324 ) (31,538 ) — — — Reclassification to/(from) non-current liabilities (855 ) 3,252 2,397 855 (3,252 ) (2,397 ) Interest on withholding — 238 238 — 932 932 Balance as of June 30, 2020 $ 102,125 $ 3,443 $ 105,568 $ 18,130 $ 18,274 $ 36,404 The activity in the Company’s accruals for the MSA and tobacco litigation for the six months ended June 30, 2019 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, 2019 $ 36,561 $ 310 $ 36,871 $ 16,383 $ 21,794 $ 38,177 Expenses 80,128 655 80,783 — — — Change in MSA obligations capitalized as inventory 1,813 — 1,813 — — — 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 — 95 95 — 1,076 1,076 Balance as of June 30, 2019 $ 85,651 $ 4,043 $ 89,694 $ 17,275 $ 19,532 $ 36,807

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	The components of Goodwill and other intangible assets, net were as follows: December 31, Impairment Losses Amortization June 30, Goodwill $ 78,008 $ (46,252 ) $ — $ 31,756 Indefinite life intangibles: Intangible asset associated with benefit under the MSA 107,511 — — 107,511 Trademark - Douglas Elliman 80,000 (12,000 ) — 68,000 Intangibles with a finite life, net 474 — (82 ) 392 Total goodwill and other intangible assets, net $ 265,993 $ (58,252 ) $ (82 ) $ 207,659

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	The Company’s income tax expense consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income before provision for income taxes $ 36,690 $ 56,766 $ 32,481 $ 78,548 Income tax expense using estimated annual effective income tax rate 10,896 17,566 9,647 24,319 Changes in effective tax rates (12 ) (110 ) — — Impact of discrete items, net 32 3 291 (111 ) Income tax expense $ 10,916 $ 17,459 $ 9,938 $ 24,208

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Description Total Quoted Prices in Active Markets for Identical Assets Assets: Money market funds (1) $ 455,669 $ 455,669 $ — $ — Commercial paper (1) 53,463 — 53,463 — Certificates of deposit (2) 2,106 — 2,106 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 11,091 11,091 — — Mutual funds invested in debt securities 22,667 22,667 — — Total equity securities at fair value 33,758 33,758 — — Debt securities available for sale U.S. government securities 12,754 — 12,754 — Corporate securities 37,145 — 37,145 — U.S. government and federal agency 4,984 — 4,984 — Commercial mortgage-backed securities 2 — 2 — Total debt securities available for sale 54,885 — 54,885 — Total investment securities at fair value 88,643 33,758 54,885 — Long-term investments Long-term investment securities at fair value (3) 33,232 — — — Total $ 633,648 $ 489,962 $ 110,454 $ — Liabilities: Fair value of contingent liability $ 1,317 $ — $ — $ 1,317 Total $ 1,317 $ — $ — $ 1,317 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $6,310 that is included in Other current assets and $1,907 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, 2019 Description Total Quoted Prices in Active Markets for Identical Assets Assets: Money market funds (1) $ 307,655 $ 307,655 $ — $ — Commercial paper (1) 47,328 — 47,328 — Certificates of deposit (2) 2,193 — 2,193 — Money market funds securing legal bonds (2) 535 535 — — Investment securities at fair value Equity securities at fair value Marketable equity securities 23,819 23,819 — — Mutual funds invested in debt securities 22,377 22,377 — — Total equity securities at fair value 46,196 46,196 — — Debt securities available for sale U.S. government securities 14,660 — 14,660 — Corporate securities 54,413 — 54,413 — U.S. government and federal agency 6,816 — 6,816 — Commercial mortgage-backed securities 382 — 382 — Commercial paper 5,887 — 5,887 — Index-linked U.S. bonds 779 — 779 — Foreign fixed-income securities 508 — 508 — Total debt securities available for sale 83,445 — 83,445 — Total investment securities at fair value 129,641 46,196 83,445 — Long-term investments Long-term investment securities at fair value (3) 45,781 — — — Total $ 533,133 $ 354,386 $ 132,966 $ — Liabilities: Fair value of contingent liability $ 3,147 $ — $ — $ 3,147 Fair value of derivatives embedded within convertible debt 4,999 — — 4,999 Total $ 8,146 $ — $ — $ 8,146 (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheet, except for $4,423 that is included in current restricted assets and $3,160 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 June 30, 2020 : Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Technique Unobservable Input Range (Actual) Fair value of contingent liability $ 1,317 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 169,000 Risk-free rate for a 2.50 year term 0.17 % Leverage-adjusted equity volatility of peer firms 64.78 % The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2019 : 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 $ 4,999 Discounted cash flow Assumed annual stock dividend 5 % Assumed remaining cash dividends - Q4 2019 and Q1 2020 $0.40/$0.20 Stock price $ 13.39 Convertible trading price (as a percentage of par value) 103.94 % Volatility 36.94 % Risk-free rate Term structure of US Treasury Securities Implied credit spread 1.0% - 3.0% (2.0%) Fair value of contingent liability $ 3,147 Monte Carlo simulation model Estimated fair value of the Douglas Elliman reporting unit $ 271,500 Risk-free rate for a 3-year term 1.61 % Leverage-adjusted equity volatility of peer firms 35.56 %
Nonrecurring fair value measurements	The Company’s investments in real estate ventures subject to nonrecurring fair value measurements are as follows: Fair Value Measurement Using: Three Months Ended June 30, 2020 Quoted Prices in Active Markets for Identical Assets Description Impairment Charge Total Assets: Investments in real estate ventures $ 3,784 $ 1,980 $ — $ — $ 1,980 The Company estimated the fair value of its investments in real estate ventures using observable inputs such as market pricing based on recent events, however, significant judgment was required to select certain inputs from observed market data. The decrease in the investments in real estate ventures was attributed to the decline in the projected sales prices of the respective real estate venture. The $3,784 of impairment charges were included in equity in losses from real estate ventures for the three months June 30, 2020 . Fair Value Measurement Using: Year Ended December 31, Quoted Prices in Active Markets for Identical Assets Description Impairment Charge Total Assets: Investments in real estate ventures $ 39,757 $ 18,335 $ — $ — $ 18,335

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 and 2019 were as follows: Real Corporate Tobacco Estate and Other Total Three months ended June 30, 2020 Revenues $ 312,510 $ 133,250 $ — $ 445,760 Operating income (loss) 79,309 (1) (6,875 ) (2) (5,637 ) 66,797 Equity in losses from real estate ventures — (12,260 ) — (12,260 ) Depreciation and amortization 2,000 2,198 214 4,412 Three months ended June 30, 2019 Revenues $ 294,501 $ 243,931 $ — $ 538,432 Operating income (loss) 68,651 (3) 14,453 (6,860 ) 76,244 Equity in earnings from real estate ventures — 6,391 — 6,391 Depreciation and amortization 1,950 2,024 250 4,224 Six months ended June 30, 2020 Revenues $ 599,579 $ 300,669 $ — $ 900,248 Operating income (loss) 148,495 (4) (74,350 ) (5) (12,252 ) 61,893 Equity in losses from real estate ventures — (18,765 ) — (18,765 ) Depreciation and amortization 4,042 4,511 434 8,987 Capital expenditures 2,973 3,249 20 6,242 Six months ended June 30, 2019 Revenues $ 551,257 $ 408,099 $ — $ 959,356 Operating income (loss) 128,795 (6) 4,044 (14,005 ) 118,834 Equity in earnings from real estate ventures — 3,952 — 3,952 Depreciation and amortization 3,907 4,525 500 8,932 Capital expenditures 2,753 3,567 — 6,320 (1) Operating income includes $53 of litigation settlement and judgment expense. (2) Operating loss includes $2,961 of restructuring charges. (3) Operating income includes $655 of litigation settlement and judgment expense. (4) Operating income includes $53 of litigation settlement and judgment expense. (5) Operating loss includes $58,252 of impairment charges related to the impairments of goodwill and intangible assets and $2,961 of restructuring charges. (6) Operating income includes $655 of litigation settlement and judgment expense.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 261,167 $ 217,748 $ 61,448 $ — $ 540,363 Investment securities at fair value 88,643 — — — 88,643 Accounts receivable - trade, net — 13,222 19,538 — 32,760 Intercompany receivables 45,946 — — (45,946 ) — Inventories — 98,609 — — 98,609 Income taxes receivable, net — — 7,696 (7,696 ) — Other current assets 2,560 8,069 28,209 (475 ) 38,363 Total current assets 398,316 337,648 116,891 (54,117 ) 798,738 Property, plant and equipment, net 413 32,245 44,959 — 77,617 Investments in real estate, net — — 28,876 — 28,876 Long-term investment securities at fair value 33,232 — — — 33,232 Investments in real estate ventures — — 115,377 — 115,377 Operating lease right-of-use assets 6,521 3,918 138,223 — 148,662 Investments in consolidated subsidiaries 365,814 163,958 — (529,772 ) — Goodwill and other intangible assets, net — 107,511 100,148 — 207,659 Other assets 30,250 47,092 44,244 — 121,586 Total assets $ 834,546 $ 692,372 $ 588,718 $ (583,889 ) $ 1,531,747 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ — $ 8,816 $ 8,787 $ (8,750 ) $ 8,853 Intercompany payables — 167 45,779 (45,946 ) — Income taxes payable, net 37,394 7,133 — (7,696 ) 36,831 Current payments due under the Master Settlement Agreement — 102,125 — — 102,125 Current operating lease liability 754 1,694 15,820 — 18,268 Other current liabilities 45,267 223,205 63,780 (218 ) 332,034 Total current liabilities 83,415 343,140 134,166 (62,610 ) 498,111 Notes payable, long-term debt and other obligations, less current portion 1,378,871 18,827 19,246 (18,750 ) 1,398,194 Non-current employee benefits 51,599 9,426 — — 61,025 Deferred income taxes, net (17,310 ) 21,756 7,992 — 12,438 Non-current operating lease liability 6,787 2,790 149,719 — 159,296 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 388 37,724 35,092 (1,317 ) 71,887 Total liabilities 1,503,750 433,663 346,215 (82,677 ) 2,200,951 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (669,204 ) 258,709 242,503 (501,212 ) (669,204 ) Non-controlling interest — — — — — Total stockholders' (deficiency) equity (669,204 ) 258,709 242,503 (501,212 ) (669,204 ) Total liabilities and stockholders' deficiency $ 834,546 $ 692,372 $ 588,718 $ (583,889 ) $ 1,531,747 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. ASSETS: Current assets: Cash and cash equivalents $ 272,282 $ 27,178 $ 71,881 $ — $ 371,341 Investment securities at fair value 129,641 — — — 129,641 Accounts receivable - trade, net — 15,646 21,313 — 36,959 Intercompany receivables 44,043 — — (44,043 ) — Inventories — 98,762 — — 98,762 Income taxes receivable, net — — 95 (95 ) — Other current assets 9,159 9,021 26,731 — 44,911 Total current assets 455,125 150,607 120,020 (44,138 ) 681,614 Property, plant and equipment, net 425 33,816 47,919 — 82,160 Investments in real estate, net — — 28,317 — 28,317 Long-term investment securities at fair value 45,781 — — — 45,781 Investments in real estate ventures — — 131,556 — 131,556 Operating lease right-of-use assets 7,085 4,830 137,663 — 149,578 Investments in consolidated subsidiaries 420,353 238,040 — (658,393 ) — Goodwill and other intangible assets, net — 107,511 158,482 — 265,993 Other assets 31,022 46,416 42,652 — 120,090 Total assets $ 959,791 $ 581,220 $ 666,609 $ (702,531 ) $ 1,505,089 LIABILITIES AND STOCKHOLDERS' DEFICIENCY: Current liabilities: Current portion of notes payable and long-term debt $ 163,932 $ 45,210 $ 10,127 $ (10,000 ) $ 209,269 Current portion of fair value of derivatives embedded within convertible debt 4,999 — — — 4,999 Intercompany payables — 236 43,807 (44,043 ) — Income taxes payable, net 2,398 2,835 — (95 ) 5,138 Current payments due under the Master Settlement Agreement — 34,116 — — 34,116 Current operating lease liability 508 2,015 15,771 — 18,294 Other current liabilities 52,065 78,947 59,202 (897 ) 189,317 Total current liabilities 223,902 163,359 128,907 (55,035 ) 461,133 Notes payable, long-term debt and other obligations, less current portion 1,377,108 20,089 20,019 (20,000 ) 1,397,216 Non-current employee benefits 50,806 17,047 — — 67,853 Deferred income taxes, net (14,492 ) 22,620 25,567 — 33,695 Non-current operating lease liability 7,558 3,402 146,003 — 156,963 Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement 373 41,020 34,999 (3,147 ) 73,245 Total liabilities 1,645,255 267,537 355,495 (78,182 ) 2,190,105 Commitments and contingencies Stockholders' (deficiency) equity attributed to Vector Group Ltd. (685,464 ) 313,683 310,666 (624,349 ) (685,464 ) Non-controlling interest — — 448 — 448 Total stockholders' (deficiency) equity (685,464 ) 313,683 311,114 (624,349 ) (685,016 ) Total liabilities and stockholders' deficiency $ 959,791 $ 581,220 $ 666,609 $ (702,531 ) $ 1,505,089
Condensed Consolidating Statements of Operations	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 312,630 $ 133,250 $ (120 ) $ 445,760 Expenses: Cost of sales — 214,067 90,818 — 304,885 Operating, selling, administrative and general expenses 8,429 16,379 46,376 (120 ) 71,064 Litigation settlement and judgment expense — 53 — — 53 Management fee expense — 3,114 — (3,114 ) — Restructuring charges — — 2,961 — 2,961 Operating (loss) income (8,429 ) 79,017 (6,905 ) 3,114 66,797 Other income (expenses): Interest expense (28,666 ) (690 ) (106 ) 104 (29,358 ) Change in fair value of derivatives embedded within convertible debt 1,669 — — — 1,669 Equity in losses from real estate ventures — — (12,260 ) — (12,260 ) Equity in earnings from investments 2,207 — — — 2,207 Equity in earnings in consolidated subsidiaries 46,526 (5,042 ) — (41,484 ) — Management fee income 3,114 — — (3,114 ) — Other, net 5,154 (78 ) 2,325 234 7,635 Income (loss) before provision for income taxes 21,575 73,207 (16,946 ) (41,146 ) 36,690 Income tax benefit (expense) 4,199 (19,644 ) 4,529 — (10,916 ) Net income (loss) 25,774 53,563 (12,417 ) (41,146 ) 25,774 Net income (loss) attributed to Vector Group Ltd. $ 25,774 $ 53,563 $ (12,417 ) $ (41,146 ) $ 25,774 Comprehensive income (loss) attributed to Vector Group Ltd. $ 26,531 $ 53,713 $ (12,417 ) $ (41,296 ) $ 26,531 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 294,621 $ 243,931 $ (120 ) $ 538,432 Expenses: Cost of sales — 204,461 163,713 — 368,174 Operating, selling, administrative and general expenses 9,515 18,167 65,797 (120 ) 93,359 Litigation settlement and judgment expense — 655 — — 655 Management fee expense — 2,992 — (2,992 ) — Operating (loss) income (9,515 ) 68,346 14,421 2,992 76,244 Other income (expenses): Interest expense (31,706 ) (1,043 ) (228 ) 224 (32,753 ) Change in fair value of derivatives embedded within convertible debt 3,788 — — — 3,788 Equity in earnings from real estate ventures — — 6,391 — 6,391 Equity in losses from investments (1,685 ) — — — (1,685 ) Equity in earnings in consolidated subsidiaries 66,163 15,138 — (81,301 ) — Management fee income 2,992 — — (2,992 ) — Other, net 3,702 447 632 — 4,781 Income before provision for income taxes 33,739 82,888 21,216 (81,077 ) 56,766 Income tax benefit (expense) 5,568 (17,118 ) (5,909 ) — (17,459 ) Net income 39,307 65,770 15,307 (81,077 ) 39,307 Net income attributed to Vector Group Ltd. $ 39,307 $ 65,770 $ 15,307 $ (81,077 ) $ 39,307 Comprehensive income attributed to Vector Group Ltd. $ 39,912 $ 66,004 $ 15,307 $ (81,311 ) $ 39,912 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 599,818 $ 300,669 $ (239 ) $ 900,248 Expenses: Cost of sales — 411,357 204,151 — 615,508 Operating, selling, administrative and general expenses 17,593 34,440 109,787 (239 ) 161,581 Litigation settlement and judgment expense — 53 — — 53 Impairments of goodwill and intangible assets — — 58,252 — 58,252 Management fee expense — 6,228 — (6,228 ) — Restructuring charges — — 2,961 — 2,961 Operating (loss) income (17,593 ) 147,740 (74,482 ) 6,228 61,893 Other income (expenses): Interest expense (63,405 ) (1,576 ) (222 ) 218 (64,985 ) Change in fair value of derivatives embedded within convertible debt 4,999 — — — 4,999 Equity in losses from real estate ventures — — (18,765 ) — (18,765 ) Equity in earnings from investments 52,359 — — — 52,359 Equity in earnings in consolidated subsidiaries 43,185 (74,082 ) — 30,897 — Management fee income 6,228 — — (6,228 ) — Other, net (5,700 ) 2,229 2,282 (1,831 ) (3,020 ) Income (loss) before provision for income taxes 20,073 74,311 (91,187 ) 29,284 32,481 Income tax benefit (expense) 2,470 (36,746 ) 24,338 — (9,938 ) Net income (loss) 22,543 37,565 (66,849 ) 29,284 22,543 Net income (loss) attributed to Vector Group Ltd. $ 22,543 $ 37,565 $ (66,849 ) $ 29,284 $ 22,543 Comprehensive income (loss) attributed to Vector Group Ltd. $ 23,522 $ 37,864 $ (66,849 ) $ 28,985 $ 23,522 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Revenues $ — $ 551,496 $ 408,099 $ (239 ) $ 959,356 Expenses: Cost of sales — 381,764 272,430 — 654,194 Operating, selling, administrative and general expenses 19,346 34,858 131,708 (239 ) 185,673 Litigation settlement and judgment expense — 655 — — 655 Management fee expense — 5,985 — (5,985 ) — Operating (loss) income (19,346 ) 128,234 3,961 5,985 118,834 Other income (expenses): Interest expense (68,254 ) (2,010 ) (457 ) 448 (70,273 ) Change in fair value of derivatives embedded within convertible debt 14,137 — — — 14,137 Equity in earnings from real estate ventures — — 3,952 — 3,952 Equity in losses from investments (323 ) — — — (323 ) Equity in earnings in consolidated subsidiaries 101,428 4,724 — (106,152 ) — Management fee income 5,985 — — (5,985 ) — Other, net 10,285 600 1,336 — 12,221 Income before provision for income taxes 43,912 131,548 8,792 (105,704 ) 78,548 Income tax benefit (expense) 10,348 (32,066 ) (2,490 ) — (24,208 ) Net income 54,260 99,482 6,302 (105,704 ) 54,340 Net income attributed to non-controlling interest — — (80 ) — (80 ) Net income attributed to Vector Group Ltd. $ 54,260 $ 99,482 $ 6,222 $ (105,704 ) $ 54,260 Comprehensive income attributed to non-controlling interest $ — $ — $ (80 ) $ — $ (80 ) Comprehensive income attributed to Vector Group Ltd. $ 55,446 $ 99,951 $ 6,222 $ (106,173 ) $ 55,446
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2020 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by (used in) operating activities $ 126,021 $ 325,721 $ (5,489 ) $ (104,924 ) $ 341,329 Cash flows from investing activities: Sale of investment securities 19,555 — — — 19,555 Maturities of investment securities 31,574 — — — 31,574 Purchase of investment securities (16,867 ) — — — (16,867 ) Proceeds from sale or liquidation of long-term investments 23,407 — — — 23,407 Purchase of long-term investments (5,238 ) — — — (5,238 ) Investments in real estate ventures — — (3,858 ) — (3,858 ) Distributions from investments in real estate ventures — — 5,172 — 5,172 Increase in cash surrender value of life insurance policies (340 ) (411 ) — — (751 ) (Increase) decrease in restricted assets (13 ) 100 — — 87 Investments in subsidiaries (9,164 ) — — 9,164 — Capital expenditures (20 ) (2,973 ) (3,249 ) — (6,242 ) Pay downs of investment securities 415 — — — 415 Investments in real estate, net — — (679 ) — (679 ) Net cash provided by (used in) investing activities 43,309 (3,284 ) (2,614 ) 9,164 46,575 Cash flows from financing activities: Proceeds from issuance of debt — — 531 — 531 Repayments of debt (169,610 ) (204 ) (2,653 ) — (172,467 ) Borrowings under revolver — 130,641 — — 130,641 Repayments on revolver — (165,593 ) — — (165,593 ) Capital contributions received — 550 8,614 (9,164 ) — Intercompany dividends paid — (97,259 ) (7,665 ) 104,924 — Dividends and distributions on common stock (63,478 ) — — — (63,478 ) Distributions to non-controlling interest — — (448 ) — (448 ) Proceeds from issuance of Vector stock 52,563 — — — 52,563 Other 80 — (75 ) — 5 Net cash used in financing activities (180,445 ) (131,865 ) (1,696 ) 95,760 (218,246 ) Net (decrease) increase in cash, cash equivalents and restricted cash (11,115 ) 190,572 (9,799 ) — 169,658 Cash, cash equivalents and restricted cash, beginning of period 272,282 27,730 79,464 — 379,476 Cash, cash equivalents and restricted cash, end of period $ 261,167 $ 218,302 $ 69,665 $ — $ 549,134 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2019 Subsidiary Consolidated Parent/ Subsidiary Non- Consolidating Vector Group Issuer Guarantors Guarantors Adjustments Ltd. Net cash provided by operating activities $ 78,661 $ 148,639 $ 10,158 $ (139,356 ) $ 98,102 Cash flows from investing activities: Sale of investment securities 12,942 — — — 12,942 Maturities of investment securities 28,610 — — — 28,610 Purchase of investment securities (44,222 ) — — — (44,222 ) Investments in real estate ventures — — (21,908 ) — (21,908 ) Investments in real estate, net — — (1,153 ) — (1,153 ) Purchase of subsidiaries — — (668 ) — (668 ) Distributions from investments in real estate ventures — — 23,200 — 23,200 Increase in cash surrender value of life insurance policies (385 ) (404 ) — — (789 ) (Increase) decrease in restricted assets (15 ) 683 — — 668 Pay downs of investment securities 545 — — — 545 Proceeds from sale of fixed assets — 8 — — 8 Investments in subsidiaries (27,482 ) — — 27,482 — Capital expenditures — (2,753 ) (3,567 ) — (6,320 ) Net cash used in investing activities (30,007 ) (2,466 ) (4,096 ) 27,482 (9,087 ) Cash flows from financing activities: Deferred financing costs — (33 ) — — (33 ) Repayments of debt (230,000 ) (621 ) (150 ) — (230,771 ) Borrowings under revolver — 172,224 — — 172,224 Repayments on revolver — (169,727 ) — — (169,727 ) Capital contributions received — 575 26,907 (27,482 ) — Intercompany dividends paid — (102,739 ) (36,617 ) 139,356 — Dividends and distributions on common stock (118,748 ) — — — (118,748 ) Distributions to non-controlling interest — — (285 ) — (285 ) Net cash used in financing activities (348,748 ) (100,321 ) (10,145 ) 111,874 (347,340 ) Net (decrease) increase in cash, cash equivalents and restricted cash (300,094 ) 45,852 (4,083 ) — (258,325 ) 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 $ 174,786 $ 69,701 $ 88,917 $ — $ 333,404

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 27, 2018
Accounting Policies [Abstract]
Stock dividend paid to company stockholders								5.00%
Embedded Derivative [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Impact of adoption of new accounting standards		$ (718,999)	$ (669,204)	$ (685,016)	$ (606,696)	$ (590,101)	$ (547,366)
Goodwill impairment charge		$ 46,262
Impact of adoption of new accounting standards
Embedded Derivative [Line Items]
Impact of adoption of new accounting standards	$ 2,263			$ (2,263)			$ (1,550)
Allowance for credit losses	$ 3,100
Goodwill impairment charge			$ 46,252

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Instrument [Line Items]
Net income attributed to Vector Group Ltd.	$ 25,774	$ 39,307	$ 22,543	$ 54,260
Income attributed to participating securities, basic	(707)	(2,027)	(1,268)	(4,029)
Net income applicable to common shares attributed to Vector Group Ltd., basic	25,067	37,280	21,275	50,231
Income attributed to participating securities, diluted	(707)	(2,027)	(1,268)	(4,029)
Net income applicable to common shares attributed to Vector Group Ltd., diluted	24,692	37,280	21,275	48,985
Variable Interest Senior Convertible Debt | 5.5% Variable Interest Senior Convertible Notes
Debt Instrument [Line Items]
Income attributable to Variable Interest Senior Convertible Notes	$ (375)	0	$ 0	0
Interest rate	5.50%		5.50%
Variable Interest Senior Convertible Debt | 7.5% Variable Interest Senior Convertible Notes
Debt Instrument [Line Items]
Income attributable to Variable Interest Senior Convertible Notes	$ 0	$ 0	$ 0	$ (1,246)
Interest rate	7.50%		7.50%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Basic and Diluted Earnings Per Share (in shares)) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Weighted-average shares for basic EPS (in shares)	149,379,306	146,509,025	148,189,710	146,490,322
Plus incremental shares related to convertible debt (in shares)	1,379,454	0	0	1,449,753
Plus incremental shares related to stock options and non-vested restricted stock (in shares)	88,100	12,082	85,701	14,242
Weighted-average shares for diluted EPS (in shares)	150,846,860	146,521,107	148,275,411	147,954,317

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Antidilutive Securities Excluded from Earnings Per Share) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
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)	625,122	1,407,820	625,122	1,407,820
Weighted-average expense per share (in dollars per share)	$ 19.54	$ 17.92	$ 19.54	$ 17.92
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)	0	11,447,061	4,874,072	11,447,061
Weighted-average conversion price (in dollars per share)	$ 0	$ 20.27	$ 20.27	$ 20.27

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Restructuring) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Reduction of staff, as a percentage	25.00%
Employee severance and benefits		$ 1,599		$ 1,599
Other restructuring expenses		218		218
Cash charges		1,817		1,817
Loss on fixed assets associated with consolidation of sales offices		1,144		1,144
Total restructuring charges		$ 2,961	$ 0	$ 2,961	$ 0

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Real Estate Segment Restructuring Plan) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 1,817	$ 1,817
Real estate
Restructuring Reserve [Roll Forward]
Accrual balance as of January 1, 2020		0
Restructuring charges		2,961
Utilized		(2,383)
Accrual balance as of June 30, 2020	578	578
Real estate | Employee Severance and Benefits
Restructuring Reserve [Roll Forward]
Accrual balance as of January 1, 2020		0
Restructuring charges		1,599
Utilized		(1,239)
Accrual balance as of June 30, 2020	360	360
Real estate | Other
Restructuring Reserve [Roll Forward]
Accrual balance as of January 1, 2020		0
Restructuring charges		218
Utilized		0
Accrual balance as of June 30, 2020	218	218
Real estate | Non-Cash Loss on Fixed Assets
Restructuring Reserve [Roll Forward]
Accrual balance as of January 1, 2020		0
Restructuring charges		1,144
Utilized		(1,144)
Accrual balance as of June 30, 2020	$ 0	$ 0

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Schedule of Other, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Interest and dividend income	$ 968	$ 3,139	$ 3,648	$ 6,347
Net gains (losses) recognized on investment securities	4,781	2,315	(7,459)	7,088
Net periodic benefit cost other than the service costs	(454)	(575)	(909)	(1,116)
Other income (expense)	2,340	(98)	1,700	(98)
Other, net	$ 7,635	$ 4,781	$ (3,020)	$ 12,221

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Restricted assets	$ 4,004	$ 5,241
Prepaid pension costs	32,207	31,686
Equity-method investments	14,817	15,942
Contract assets, net	25,957	18,443
Other assets	44,601	48,778
Total other assets	$ 121,586	$ 120,090

Summary of Significant Accou_12

Summary of Significant Accounting Policies (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Accounts payable	$ 12,232	$ 10,222
Accrued promotional expenses	44,254	35,900
Accrued excise and payroll taxes payable, net	149,758	18,653
Accrued interest	31,623	35,756
Commissions payable	22,225	18,378
Accrued salary and benefits	15,407	29,464
Contract liabilities	7,830	9,358
Allowance for sales returns	8,191	7,785
Other current liabilities	40,514	23,801
Total other current liabilities	$ 332,034	$ 189,317

Summary of Significant Accou_13

Summary of Significant Accounting Policies (Reconciliation of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 540,363	$ 371,341
Restricted cash and cash equivalents included in other current assets	6,310	4,423
Restricted cash and cash equivalents included in other assets	2,461	3,712
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 549,134	$ 379,476	$ 333,404	$ 591,729

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Tobacco
Disaggregation of Revenue [Line Items]
Revenues	$ 312,510	$ 294,501	$ 599,579	$ 551,257
Tobacco | Core Discount Brands - EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE
Disaggregation of Revenue [Line Items]
Revenues	283,951	267,277	542,166	500,383
Tobacco | Other Brands
Disaggregation of Revenue [Line Items]
Revenues	28,559	27,224	57,413	50,874
Real estate
Disaggregation of Revenue [Line Items]
Total real estate revenues	133,250	243,931	300,669	408,099
Real estate | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	50,125	138,936	117,840	224,962
Real estate | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	36,215	40,521	71,419	72,255
Real estate | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	25,979	31,760	62,879	57,421
Real estate | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	20,931	32,714	48,531	53,461
Real estate | Commission brokerage income
Disaggregation of Revenue [Line Items]
Total real estate revenues	114,748	207,158	255,459	345,448
Real estate | Commission brokerage income | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	35,861	104,301	85,970	169,980
Real estate | Commission brokerage income | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	35,631	39,880	70,355	70,991
Real estate | Commission brokerage income | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	23,232	31,324	53,410	54,295
Real estate | Commission brokerage income | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	20,024	31,653	45,724	50,182
Real estate | Development marketing
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,506	23,176	23,761	37,199
Real estate | Development marketing | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	5,173	22,718	13,624	34,104
Real estate | Development marketing | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	0
Real estate | Development marketing | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	2,747	436	9,469	3,066
Real estate | Development marketing | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	586	22	668	29
Real estate | Property management revenue
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,832	10,218	17,611	18,569
Real estate | Property management revenue | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	8,617	10,048	17,179	18,215
Real estate | Property management revenue | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	215	170	432	354
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	843	2,400	1,699	3,633
Real estate | Title fees | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	474	1,869	1,067	2,663
Real estate | Title fees | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	369	471	632	910
Real estate | Title fees | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	0	0	60
Real estate | Title fees | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	0	60	0	0
Real estate | Total Douglas Elliman revenue
Disaggregation of Revenue [Line Items]
Total real estate revenues	132,929	242,952	298,530	404,849
Real estate | Total Douglas Elliman revenue | New York City
Disaggregation of Revenue [Line Items]
Total real estate revenues	50,125	138,936	117,840	224,962
Real estate | Total Douglas Elliman revenue | Northeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	36,215	40,521	71,419	72,255
Real estate | Total Douglas Elliman revenue | Southeast
Disaggregation of Revenue [Line Items]
Total real estate revenues	25,979	31,760	62,879	57,421
Real estate | Total Douglas Elliman revenue | West
Disaggregation of Revenue [Line Items]
Total real estate revenues	20,610	31,735	46,392	50,211
Real estate | Other real estate revenues
Disaggregation of Revenue [Line Items]
Total real estate revenues	321	979	2,139	3,250
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	$ 321	$ 979	$ 2,139	$ 3,250

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Receivables, which are included in accounts receivable - trade, net	$ 1,532,000		$ 1,532,000		$ 2,129,000
Contract assets, net, which are included in other current assets	5,296,000		5,296,000		8,766,000
Payables, which are included in other current liabilities	1,084,000		1,084,000		1,663,000
Contract liabilities, which are included in other current liabilities	7,830,000		7,830,000		9,358,000
Contract assets, net, which are included in other assets	25,957,000		25,957,000		18,443,000
Contract liabilities, which are included in other liabilities	32,125,000		32,125,000		$ 29,045,000
Revenue recognized on contract liabilities	3,921,000		6,658,000
Revenue recognized relating to performance obligations satisfied or partially satisfied in prior periods	$ 0	$ 0	$ 0	$ 0

Current Expected Credit Losse_2

Current Expected Credit Losses - Narrative (Details) $ in Thousands	Jan. 01, 2020USD ($)	Jun. 30, 2020USD ($)loan	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Impact of adoption of new accounting standards		$ (669,204)	$ (718,999)	$ (685,016)	$ (606,696)	$ (590,101)	$ (547,366)
New Valley LLC
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		$ 3,532		3,100
Number of loans | loan		2
Total amortized cost basis		$ 15,534		15,276
Interest receivable		6,034		5,776
Impact of adoption of new accounting standards
Financing Receivable, Allowance for Credit Loss [Line Items]
Impact of adoption of new accounting standards	$ 2,263			(2,263)			$ (1,550)
Allowance for credit losses	$ 3,100
Real estate broker agent receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		$ 7,361		$ 6,132

Current Expected Credit Losse_3

Current Expected Credit Losses - Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
New Valley LLC
Financing Receivable, Allowance for Credit Loss [Roll Forward]
January 1, 2020	$ 3,100
Current Period Provision	432
Write-offs	0
Recoveries	0
June 30, 2020	3,532
Real estate broker agent receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
January 1, 2020	6,132
Current Period Provision	1,270
Write-offs	41
Recoveries	0
June 30, 2020	$ 7,361

Leases - Lease Expense and Cash

Leases - Lease Expense and Cash Outflows from Operating and Finance Leases (Details) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 9,356	$ 9,630	$ 18,780	$ 18,505
Short-term lease cost	389	279	790	513
Variable lease cost	588	898	1,155	1,690
Amortization	39	63	77	119
Interest on lease liabilities	4	4	7	7
Total lease cost	$ 10,376	$ 10,874	20,809	20,834
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases			11,953	18,440
Operating cash flows from finance leases			7	7
Financing cash flows from finance leases			69	113
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			9,076	13,061
Finance leases			$ 60	$ 123

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating leases:
Operating lease right-of-use assets	$ 148,662	$ 149,578
Current operating lease liability	18,268	18,294
Non-current operating lease liability	159,296	156,963
Total operating lease liabilities	177,564	175,257
Finance leases:
Finance lease at cost	127	127
Accumulated amortization	(32)	(19)
Finance lease net	95	108
Current portion of notes payable and long-term debt	61	86
Notes payable, long-term debt and other obligations, less current portion	124	108
Total finance lease liabilities	$ 185	$ 194
Weighted average remaining lease term:
Operating leases	8 years 4 months 6 days	8 years 5 months 15 days
Finance leases	3 years 1 month 6 days	3 years 3 days
Weighted average discount rate:
Operating leases	9.48%	10.75%
Finance leases	7.68%	8.61%
Financing lease equipment
Finance leases:
Finance lease at cost	$ 822	$ 762
Accumulated amortization	(738)	(674)
Finance lease net	$ 84	$ 88

Leases - Maturities of Operatin

Leases - Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating Leases
Remainder of 2020	$ 15,374
2021	38,992
2022	34,772
2023	31,516
2024	25,902
2025	20,980
Thereafter	96,668
Total lease payments	264,204
Less imputed interest	(86,640)
Total	177,564	$ 175,257
Finance Leases
Remainder of 2020	39
2021	66
2022	61
2023	35
2024	8
2025	0
Thereafter	0
Total lease payments	209
Less imputed interest	(24)
Total	$ 185	$ 194

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Jun. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Lease not yet commenced	$ 870
Minimum
Lessee, Lease, Description [Line Items]
Operating lease terms	1 year 6 months
Maximum
Lessee, Lease, Description [Line Items]
Operating lease terms	5 years

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Leaf tobacco	$ 48,482	$ 44,516
Other raw materials	4,564	4,669
Work-in-process	532	333
Finished goods	66,970	71,183
Inventories at current cost	120,548	120,701
LIFO adjustments	(21,939)	(21,939)
Inventory, net	$ 98,609	$ 98,762

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Inventory [Line Items]
LIFO adjustments	$ 21,939	$ 21,939
Capitalized MSA cost in finished goods inventory	20,801	20,472
Inventories
Inventory [Line Items]
Federal excise tax in inventory	27,663	27,676
Liggett | Inventories
Inventory [Line Items]
Purchase commitments	18,799
Leaf tobacco
Inventory [Line Items]
LIFO adjustments	15,210	15,210
Other raw materials
Inventory [Line Items]
LIFO adjustments	183	182
Work-in-process
Inventory [Line Items]
LIFO adjustments	24	24
Finished goods
Inventory [Line Items]
LIFO adjustments	$ 6,522	$ 6,523

Investment Securities (Investme

Investment Securities (Investment Securities at Fair Value Schedule) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt and Equity Securities, FV-NI [Line Items]
Debt securities available for sale	$ 54,885	$ 83,445
Total equity securities at fair value	66,990	91,977
Long-term investment securities at fair value	33,232	45,781
Total investment securities at fair value	121,875	175,422
Current investment securities at fair value	88,643	129,641
Equity-method investments	14,817	15,942
Marketable equity securities
Debt and Equity Securities, FV-NI [Line Items]
Total equity securities at fair value	11,091	23,819
Mutual funds invested in debt securities
Debt and Equity Securities, FV-NI [Line Items]
Total equity securities at fair value	$ 22,667	$ 22,377

Investment Securities (Net Gain

Investment Securities (Net Gains (Losses) Recognized) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Net gains (losses) recognized on equity securities	$ 4,711	$ 2,311	$ (7,026)	$ 7,051
Net gains (losses) recognized on debt securities available for sale	70	6	(47)	42
Impairment expense	0	(2)	(386)	(5)
Net gains (losses) recognized on investment securities	$ 4,781	$ 2,315	$ (7,459)	$ 7,088

Investment Securities (Componen

Investment Securities (Components of Debt Securities Available for Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 54,885	$ 83,445
Marketable debt securities
Debt Securities, Available-for-sale [Line Items]
Cost	53,741	82,714
Gross Unrealized Gains	1,144	731
Gross Unrealized Losses	0	0
Fair Value	$ 54,885	$ 83,445

Investment Securities (Maturity

Investment Securities (Maturity Dates of Marketable Debt Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Market Value	$ 54,885	$ 83,445
Under 1 Year	34,467
1 Year up to 5 Years	20,418
More than 5 Years	0
U.S. Government securities
Debt Securities, Available-for-sale [Line Items]
Market Value	12,754
Under 1 Year	8,761
1 Year up to 5 Years	3,993
More than 5 Years	0
Corporate securities
Debt Securities, Available-for-sale [Line Items]
Market Value	37,145
Under 1 Year	22,570
1 Year up to 5 Years	14,575
More than 5 Years	0
U.S. mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	4,984
Under 1 Year	3,134
1 Year up to 5 Years	1,850
More than 5 Years	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Market Value	2
Under 1 Year	2
1 Year up to 5 Years	0
More than 5 Years	$ 0

Investment Securities (Gross Re

Investment Securities (Gross Realized Gains and Losses on Debt Securities Available for Sale) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales	$ 72	$ 9	$ 170	$ 47
Gross realized losses on sales	(2)	(3)	(217)	(5)
Net gains (losses) recognized on debt securities available for sale	70	6	(47)	42
Impairment expense	$ 0	$ (2)	$ (386)	$ (5)

Investment Securities (Equity S

Investment Securities (Equity Securities at Fair Value) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Net gains (losses) recognized on equity securities	$ 4,711	$ 2,311	$ (7,026)	$ 7,051
Less: Net gains (losses) recognized on equity securities sold	601	278	(17)	410
Net unrealized gains (losses) recognized on equity securities still held at the reporting date	$ 4,110	$ 2,033	$ (7,009)	$ 6,641

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	Feb. 14, 2020	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Nov. 11, 2019
Debt Securities, Available-for-sale [Line Items]
Cash distributions received					$ 53,484,000	$ 855,000
Proceeds from sale or liquidation of long-term investments					23,407,000	0
Equity securities without readily determinable fair value			$ 5,200,000		5,200,000		$ 6,200,000
Impairment and other adjustments			0	$ 0	0	$ 0
NAV
Debt Securities, Available-for-sale [Line Items]
Cash distributions received					23,510,000
In-transit redemptions			$ 2,148,000		$ 2,148,000
Optika Fund LLC (“Optika”)
Debt Securities, Available-for-sale [Line Items]
Equity-method ownership percentage			7.10%		7.10%
Boyar Value Fund (“Boyar”)
Debt Securities, Available-for-sale [Line Items]
Equity-method ownership percentage			35.75%		35.75%
Common Stock | Equity Method Investee | LTS Common Stock | Ladenburg Thalmann Financial Services Inc. (“LTS”)
Debt Securities, Available-for-sale [Line Items]
Sale of stock (in dollars per share)								$ 3.50
Proceeds from common shares	$ 53,169,000
Common shares of LTS (in shares)	15,191,205
Redeemable Preferred Stock | Equity Method Investee | LTS Preferred | Ladenburg Thalmann Financial Services Inc. (“LTS”)
Debt Securities, Available-for-sale [Line Items]
Proceeds from common shares		$ 6,009,000
Common shares of LTS (in shares)			240,000		240,000
Dividend percentage of preferred stock					8.00%
Liquidation preference (in dollars per share)			$ 25		$ 25

Investment Securities (Equity-M

Investment Securities (Equity-Method Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Equity-method investments	$ 14,817	$ 15,942
Mutual fund and hedge funds
Debt Securities, Available-for-sale [Line Items]
Equity-method investments	14,817	15,509
Ladenburg Thalmann Financial Services Inc. (“LTS”)
Debt Securities, Available-for-sale [Line Items]
Equity-method investments	$ 0	$ 433

Investment Securities (Equity i

Investment Securities (Equity in Earnings of Investments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) from investments	$ 2,207	$ (1,685)	$ 52,359	$ (323)
Mutual fund and hedge funds
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) from investments	2,207	(230)	(693)	612
Ladenburg Thalmann Financial Services Inc. (“LTS”)
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) from investments	0	(1,480)	53,052	(985)
Other
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) from investments	$ 0	$ 25	$ 0	$ 50

New Valley LLC (Investment in R

New Valley LLC (Investment in Real Estate Ventures) (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)venture	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)venture	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)venture	Dec. 31, 2018
Schedule of Investments [Line Items]
Investments in real estate ventures	$ 115,377		$ 115,377		$ 131,556
Contributions to real estate ventures			3,858	$ 21,908
Distributions from real estate ventures, distributions of earnings			1,855		2,060
Distributions from investments in real estate ventures			5,172	23,200
Equity in (losses) earnings from real estate ventures	(12,260)	$ 6,391	(18,765)	3,952
Other current liabilities	332,034		332,034		189,317
Identifiable assets	1,531,747		1,531,747		1,505,089
New Valley LLC
Schedule of Investments [Line Items]
Investments in real estate ventures	115,377		115,377		131,556
Contributions to real estate ventures			3,858	21,908
Distributions from real estate ventures			7,027	25,260
Equity in (losses) earnings from real estate ventures	(12,260)	6,391	(18,765)	3,952
Total maximum exposure to loss	129,024		129,024
Interest costs capitalized	$ 1,004	1,688	$ 2,257		3,003
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	$ 90,023		$ 90,023		106,920
Contributions to real estate ventures			3,330	21,537
Distributions from real estate ventures			6,949	1,850
Equity in (losses) earnings from real estate ventures	(11,593)	(3,378)	(17,739)	(5,592)
Total maximum exposure to loss	90,023		90,023
New Valley LLC | Condominium and Mixed Use Development | New York City SMSA
Schedule of Investments [Line Items]
Investments in real estate ventures	42,851		42,851		51,078
Contributions to real estate ventures			1,169	21,537
Distributions from real estate ventures			1,735	571
Equity in (losses) earnings from real estate ventures	(5,104)	(1,120)	(8,451)	(3,226)
Impairment of long-term investments	3,784	3,866	3,784	3,866
Total maximum exposure to loss	42,851		42,851
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas
Schedule of Investments [Line Items]
Investments in real estate ventures	47,172		47,172		55,842
Contributions to real estate ventures			2,161	0
Distributions from real estate ventures			5,214	1,279
Equity in (losses) earnings from real estate ventures	(6,489)	(2,258)	(9,288)	(2,366)
Total maximum exposure to loss	$ 47,172		$ 47,172
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	77.80%		77.80%
New Valley LLC | Apartment Buildings
Schedule of Investments [Line Items]
Contributions to real estate ventures			$ 76	0
Distributions from real estate ventures			0	3
Equity in (losses) earnings from real estate ventures	$ (76)	3	(76)	3
New Valley LLC | Apartment Buildings | All other U.S. areas
Schedule of Investments [Line Items]
Contributions to real estate ventures			76	0
Distributions from real estate ventures			0	3
Equity in (losses) earnings from real estate ventures	(76)	3	(76)	3
New Valley LLC | Hotels
Schedule of Investments [Line Items]
Investments in real estate ventures	4,717		4,717		4,623
Contributions to real estate ventures			0	172
Distributions from real estate ventures			0	21,572
Equity in (losses) earnings from real estate ventures	(632)	9,064	(1,200)	7,870
Total maximum exposure to loss	4,717		4,717
New Valley LLC | Hotels | New York City SMSA
Schedule of Investments [Line Items]
Investments in real estate ventures	3,107		3,107		2,462
Contributions to real estate ventures			0	172
Distributions from real estate ventures			0	21,572
Equity in (losses) earnings from real estate ventures	(542)	8,942	(649)	8,234
Other current liabilities	2,498		2,498
Total maximum exposure to loss	$ 3,107		$ 3,107
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	$ 1,610		$ 1,610		2,161
Equity in (losses) earnings from real estate ventures	(90)	122	(551)	(364)
Total maximum exposure to loss	1,610		1,610
New Valley LLC | Commercial
Schedule of Investments [Line Items]
Investments in real estate ventures	9,643		9,643		9,486
Distributions from real estate ventures			55	138
Equity in (losses) earnings from real estate ventures	37	463	212	634
Total maximum exposure to loss	$ 9,643		$ 9,643
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	$ 2,076		$ 2,076		1,852
Distributions from real estate ventures			3	9
Equity in (losses) earnings from real estate ventures	301	384	227	263
Total maximum exposure to loss	$ 2,076		$ 2,076
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	$ 7,567		$ 7,567		7,634
Distributions from real estate ventures			52	129
Equity in (losses) earnings from real estate ventures	(264)	79	(15)	371
Total maximum exposure to loss	7,567		7,567
New Valley LLC | Other
Schedule of Investments [Line Items]
Investments in real estate ventures	10,994		10,994		10,527
Contributions to real estate ventures			452	199
Distributions from real estate ventures			23	1,697
Equity in (losses) earnings from real estate ventures	4	$ 239	38	1,037
Total maximum exposure to loss	$ 24,641		$ 24,641
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	49.00%		49.00%
Douglas Elliman Realty, LLC
Schedule of Investments [Line Items]
Proceeds from commissions received			$ 7,698		$ 11,223
Variable Interest Entity, Primary Beneficiary
Schedule of Investments [Line Items]
Distributions from real estate ventures, distributions of earnings				$ 20,788
Sale of ownership interest in real estate				80.00%
Recognized equity in earnings from sale				$ 10,328
Variable Interest Entity, Primary Beneficiary | New Valley LLC
Schedule of Investments [Line Items]
Range of ownership		1.00%		1.00%		5.20%
Number of real estate ventures | venture	2		2		2
Identifiable assets	$ 0		$ 0		$ 897

New Valley LLC (Income Statemen

New Valley LLC (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenue	$ 445,760	$ 538,432	$ 900,248	$ 959,356
Cost of goods sold	304,885	368,174	615,508	$ 654,194
Condominium and Mixed Use Development | New Valley LLC
Segment Reporting Information [Line Items]
Revenue	1,830	0	33,409		$ 0
Cost of goods sold	0	0	22,100		0
Other expenses	14,013	6	31,926		75
Loss from continuing operations	$ (12,183)	$ (6)	$ (20,617)		$ (75)

New Valley LLC (Investments in

New Valley LLC (Investments in Real Estate, net) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2015	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Schedule of Investments [Line Items]
Real estate investment, net		$ 28,876		$ 28,876		$ 28,317
New Valley LLC
Schedule of Investments [Line Items]
Real estate investment, net		28,876		28,876		28,317
New Valley LLC | Escena
Schedule of Investments [Line Items]
Land and land improvements		8,911		8,911		8,910
Building and building improvements		1,926		1,926		1,926
Other		1,673		1,673		1,659
Investments in real estate, gross		12,510		12,510		12,495
Less accumulated depreciation		(2,658)		(2,658)		(2,523)
Real estate investment, net		9,852		9,852		9,972
Operating losses		(629)	$ (354)	(272)	$ 332
New Valley LLC | Sagaponack
Schedule of Investments [Line Items]
Real estate investment, net		$ 19,024		$ 19,024		$ 18,345
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	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 1,429,955	$ 1,631,387
Less: Debt issuance costs	(22,908)	(24,902)
Total notes payable, long-term debt and other obligations	1,407,047	1,606,485
Less: Current maturities	(8,853)	(209,269)
Amount due after one year	1,398,194	1,397,216
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, net of unamortized discount of $3,221 and $3,392
Debt Instrument [Line Items]
Interest rate	10.50%
Variable Interest Senior Convertible Debt | 10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 551,779	551,608
Unamortized discount	$ 3,221	3,392
Interest rate	10.50%
Variable Interest Senior Convertible Debt | 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $0 and $5,276
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 0	164,334
Unamortized discount	$ 0	5,276
Interest rate	5.50%
Fair value of derivatives embedded within convertible debt		4,999
Line of Credit | Revolving credit facility | Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 0	34,952
Equipment loans | Liggett
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	143	347
Other
Debt Instrument [Line Items]
Notes payable, long-term debt and other obligations	$ 28,033	$ 30,146

Notes Payable, Long-Term Debt_4

Notes Payable, Long-Term Debt and Other Obligations (Senior Notes, Revolving Credit Facility, and Other) (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Purchase price, cash paid		$ 0	$ 668
Senior Notes | 10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392
Debt Instrument [Line Items]
Interest rate		10.50%
Variable Interest Senior Convertible Debt | 10.5% Senior Notes due 2026, net of unamortized discount of $3,221 and $3,392
Debt Instrument [Line Items]
Interest rate		10.50%
Variable Interest Senior Convertible Debt | 5.5% Variable Interest Senior Convertible Debentures due 2020
Debt Instrument [Line Items]
Interest rate		5.50%
Face amount of debt paid	$ 169,610
Other Notes Payable | Douglas Elliman notes payable to sellers
Debt Instrument [Line Items]
Debt issued		$ 27,500
Principal repaid in year to date		2,500
Due to be repaid in the remainder of 2020		2,500
Due to be repaid in 2021		12,500
Due to be repaid in 2022		12,500
Liggett | Line of Credit
Debt Instrument [Line Items]
Amount outstanding		0
Current borrowing capacity		$ 60,000
Douglas Elliman
Debt Instrument [Line Items]
Voting interest acquired				29.41%
Purchase price				$ 40,000
Purchase price, cash paid				10,000
Purchase price, notes payable to sellers				$ 30,000

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Amortization of debt discount, net	$ 847	$ 5,447	$ 5,447	$ 13,972
Amortization of debt issuance costs	889	1,053	2,047	2,238
Non-cash interest expense	$ 1,736	$ 6,500	$ 7,494	$ 16,210

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	Jun. 30, 2020	Dec. 31, 2019
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 1,429,955	$ 1,631,387
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,408,975	1,651,665
Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,401,779	1,401,608
Senior Notes | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	1,380,787	1,409,920
Variable Interest Senior Convertible Debt | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	0	164,334
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	0	176,289
Liggett and other | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	28,176	65,445
Liggett and other | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 28,188	$ 65,456

Contingencies (Overview and Bon

Contingencies (Overview and Bonds) (Details) - Liggett - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2009
Loss Contingencies [Line Items]
Tobacco product liability legal expenses and costs	$ 3,191	$ 3,737
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)	Jun. 30, 2020case
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	54
Liggett
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Individual Actions Cases | Florida
Loss Contingencies [Line Items]
Cases pending	37
Liggett | Individual Actions Cases | Illinois
Loss Contingencies [Line Items]
Cases pending	9
Liggett | Individual Actions Cases | Nevada
Loss Contingencies [Line Items]
Cases pending	5
Liggett | Individual Actions Cases | Louisiana
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Individual Actions Cases | Massachusetts
Loss Contingencies [Line Items]
Cases pending	1

Contingencies (Cautionary State

Contingencies (Cautionary Statement About Engle Progeny Cases) (Details) - Engle Progeny Cases $ in Thousands	Nov. 21, 1996USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2013USD ($)	Jun. 30, 2020case
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	$ 23,150	$ 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 Settlements) (Details) $ in Thousands	Nov. 21, 1996USD ($)	Dec. 31, 2016USD ($)case	Feb. 28, 2015	Oct. 31, 2013USD ($)case	Jun. 30, 2020USD ($)casesettlement
Engle Progeny Cases
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party	$ 145,000,000
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending | case					54
Liggett
Loss Contingencies [Line Items]
Cases pending | case					2
Liggett | Engle Progeny Cases
Loss Contingencies [Line Items]
Cases settled | case		152		4,900
Amount of litigation settlement awarded to other party	$ 790,000	$ 23,150		$ 110,000
Litigation settlement amount paid in lump sum				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
Payments for legal settlements					$ 8,100
Number of settlements paid | settlement					2
Liggett and Vector Tobacco | Engle Progeny Cases
Loss Contingencies [Line Items]
Cases settled | case					201
Cases pending | case					42

Contingencies (Appeals of Engle

Contingencies (Appeals of Engle Progeny Judgments, Maryland and Liggett-Only Cases) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)case
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	54
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
Maryland | Liggett | Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	16
Litigation Accruals | Liggett | Santoro v. R.J. Reynolds
Loss Contingencies [Line Items]
Amount of litigation settlement awarded to other party | $	$ 265

Contingencies (Class Actions, H

Contingencies (Class Actions, Health Care Cost Recovery Actions, and Upcoming Trials) (Details)	Jun. 30, 2020defendantcase
Parsons v. AC & S Inc.
Loss Contingencies [Line Items]
Number of defendants in bankruptcy | defendant	3
Individual Actions Cases
Loss Contingencies [Line Items]
Cases pending	54
Pending claims scheduled for trial	3
Engle Progeny Cases
Loss Contingencies [Line Items]
Pending claims scheduled for trial	1
Liggett
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Class Actions
Loss Contingencies [Line Items]
Cases pending	2
Liggett | Crow Creek Sioux Tribe v. American Tobacco Company
Loss Contingencies [Line Items]
Cases pending	1

Contingencies (MSA and Other St

Contingencies (MSA and Other State Settlement Agreements) (Details)	Dec. 28, 2017USD ($)	Jun. 30, 2020USD ($)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		$ 169,000,000
Payments for legal settlements	$ 140,000,000
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	6 Months Ended	84 Months Ended
	Jun. 30, 2020USD ($)state	Dec. 31, 2019USD ($)
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 | $		$ 48,032
Liggett | 2011-2015 NPM Adjustment
Loss Contingencies [Line Items]
Amounts accrued | $	$ 41,500

Contingencies (Other State Sett

Contingencies (Other State Settlements) (Details) - Health Care Cost Recovery Actions	1 Months Ended		12 Months Ended		25 Months Ended
	Sep. 30, 2019USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2003USD ($)	Mar. 31, 1998USD ($)state	Jun. 30, 2019USD ($)	Mar. 21, 2019
Loss Contingencies [Line Items]
Annual payment requirement					$ 9,000,000,000
Liggett
Loss Contingencies [Line Items]
Number of states not included in settlement agreement | state					4
Minnesota | Liggett
Loss Contingencies [Line Items]
Annual payment requirement				$ 100,000
Florida | Liggett
Loss Contingencies [Line Items]
Annual payment requirement			$ 250,000
Amount of litigation settlement awarded to other party			$ 1,200,000
Years annual payments required			21 years
Years annual payments required that are subject to inflation adjustment			12 years
Mississippi | Liggett
Loss Contingencies [Line Items]
Damages sought	$ 17,500,000	$ 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	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	$ 38,365	$ 36,871
Expenses	96,243	80,783
Change in MSA obligations capitalized as inventory	(137)	1,813
Payments	(31,538)	(32,314)
Interest on withholding	238	95
Current liabilities, ending balance	105,568	89,694
Noncurrent liabilities, beginning balance	37,869	38,177
Expenses	0	0
Payments	0	0
Reclassification to/(from) non-current liabilities	2,397	2,446
Interest on withholding	932	1,076
Noncurrent liabilities, ending balance	36,404	36,807
Payments due under Master Settlement Agreement
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	34,116	36,561
Expenses	96,215	80,128
Change in MSA obligations capitalized as inventory	(137)	1,813
Payments	(27,214)	(31,959)
Interest on withholding	0	0
Current liabilities, ending balance	102,125	85,651
Noncurrent liabilities, beginning balance	17,275	16,383
Expenses	0	0
Payments	0	0
Reclassification to/(from) non-current liabilities	(855)	(892)
Interest on withholding	0	0
Noncurrent liabilities, ending balance	18,130	17,275
Litigation Accruals
Loss Contingency Accrual [Roll Forward]
Current liabilities, beginning balance	4,249	310
Expenses	28	655
Change in MSA obligations capitalized as inventory	0	0
Payments	(4,324)	(355)
Interest on withholding	238	95
Current liabilities, ending balance	3,443	4,043
Noncurrent liabilities, beginning balance	20,594	21,794
Expenses	0	0
Payments	0	0
Reclassification to/(from) non-current liabilities	3,252	3,338
Interest on withholding	932	1,076
Noncurrent liabilities, ending balance	$ 18,274	$ 19,532

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Components of Goodwill and Other Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets [Roll Forward]
Goodwill, beginning balance		$ 78,008		$ 78,008
Impairment Losses		(46,262)
Goodwill, ending balance	$ 31,756			31,756
Finite-lived Intangible Assets [Roll Forward]
Intangibles with a finite life, net, beginning balance		474		474
Impairment Losses				0
Amortization				(82)
Intangibles with a finite life, net, ending balance	392			392
Goodwill and Intangible Assets [Roll Forward]
Goodwill and other intangible assets, net, beginning balance		265,993		265,993
Impairments of goodwill and intangible assets	0		$ 0	58,252	$ 0
Amortization				(82)
Goodwill and other intangible assets, net, ending balance	207,659			207,659
Intangible asset associated with benefit under the MSA
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite life intangibles, beginning balance		107,511		107,511
Impairment Losses				0
Indefinite life intangibles, ending balance	107,511			107,511
Trademark - Douglas Elliman
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite life intangibles, beginning balance		80,000		80,000
Impairment Losses		$ 12,000		(12,000)
Indefinite life intangibles, ending balance	$ 68,000			$ 68,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge	$ 46,262
Intangible asset associated with benefit under the MSA
Finite-Lived Intangible Assets [Line Items]
Intangible assets impairment		$ 0
Trademark - Douglas Elliman
Finite-Lived Intangible Assets [Line Items]
Intangible assets impairment	$ (12,000)	$ 12,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 36,690	$ 56,766	$ 32,481	$ 78,548
Income tax expense using estimated annual effective income tax rate	10,896	17,566	9,647	24,319
Changes in effective tax rates	(12)	(110)	0	0
Impact of discrete items, net	32	3	291	(111)
Income tax expense	$ 10,916	$ 17,459	$ 9,938	$ 24,208

Investments and Fair Value Me_3

Investments and Fair Value Measurements (Fair Value Measurements) (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Assets:
Total equity securities at fair value	$ 66,990,000	$ 91,977,000
Debt securities available for sale	54,885,000	83,445,000
Investment securities at fair value	88,643,000	129,641,000
Long-term investment securities at fair value	33,232,000	45,781,000
Total	633,648,000	533,133,000
Liabilities:
Fair value of contingent liability	1,317,000	3,147,000
Fair value of derivatives embedded within convertible debt		4,999,000
Total	1,317,000	8,146,000
Nonrecurring nonfinancial assets subject to fair value measurements	0	0
Marketable equity securities
Assets:
Total equity securities at fair value	11,091,000	23,819,000
Mutual funds invested in debt securities
Assets:
Total equity securities at fair value	22,667,000	22,377,000
Total equity securities at fair value
Assets:
Total equity securities at fair value	33,758,000	46,196,000
U.S. Government securities
Assets:
Debt securities available for sale	12,754,000
Corporate securities
Assets:
Debt securities available for sale	37,145,000
U.S. mortgage-backed securities
Assets:
Debt securities available for sale	4,984,000
Commercial mortgage-backed securities
Assets:
Debt securities available for sale	2,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Long-term investment securities at fair value	0	0
Total	489,962,000	354,386,000
Liabilities:
Fair value of contingent liability	0	0
Fair value of derivatives embedded within convertible debt		0
Total	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable equity securities
Assets:
Total equity securities at fair value	11,091,000	23,819,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds invested in debt securities
Assets:
Total equity securities at fair value	22,667,000	22,377,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Total equity securities at fair value
Assets:
Total equity securities at fair value	33,758,000	46,196,000
Significant Other Observable Inputs (Level 2)
Assets:
Long-term investment securities at fair value	0	0
Total	110,454,000	132,966,000
Liabilities:
Fair value of contingent liability	0	0
Fair value of derivatives embedded within convertible debt		0
Total	0	0
Significant Other Observable Inputs (Level 2) | Marketable equity securities
Assets:
Total equity securities at fair value	0	0
Significant Other Observable Inputs (Level 2) | Mutual funds invested in debt securities
Assets:
Total equity securities at fair value	0	0
Significant Other Observable Inputs (Level 2) | Total equity securities at fair value
Assets:
Total equity securities at fair value	0	0
Significant Unobservable Inputs (Level 3)
Assets:
Long-term investment securities at fair value	0	0
Total	0	0
Liabilities:
Fair value of contingent liability	1,317,000	3,147,000
Fair value of derivatives embedded within convertible debt		4,999,000
Total	1,317,000	8,146,000
Significant Unobservable Inputs (Level 3) | Marketable equity securities
Assets:
Total equity securities at fair value	0	0
Significant Unobservable Inputs (Level 3) | Mutual funds invested in debt securities
Assets:
Total equity securities at fair value	0	0
Significant Unobservable Inputs (Level 3) | Total equity securities at fair value
Assets:
Total equity securities at fair value	0	0
Fair Value, Measurements, Recurring
Assets:
Investment securities at fair value	88,643,000	129,641,000
Fair Value, Measurements, Recurring | U.S. Government securities
Assets:
Debt securities available for sale	12,754,000	14,660,000
Fair Value, Measurements, Recurring | Corporate securities
Assets:
Debt securities available for sale	37,145,000	54,413,000
Fair Value, Measurements, Recurring | U.S. mortgage-backed securities
Assets:
Debt securities available for sale	4,984,000	6,816,000
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets:
Debt securities available for sale	2,000	382,000
Fair Value, Measurements, Recurring | Commercial paper
Assets:
Debt securities available for sale		5,887,000
Fair Value, Measurements, Recurring | Index-linked U.S. bonds
Assets:
Debt securities available for sale		779,000
Fair Value, Measurements, Recurring | Foreign fixed-income securities
Assets:
Debt securities available for sale		508,000
Fair Value, Measurements, Recurring | Total debt securities available for sale
Assets:
Debt securities available for sale	54,885,000	83,445,000
Fair Value, Measurements, Recurring | Money market funds
Assets:
Cash and cash equivalents	455,669,000	307,655,000
Fair Value, Measurements, Recurring | Commercial paper
Assets:
Cash and cash equivalents	53,463,000	47,328,000
Fair Value, Measurements, Recurring | Commercial paper | Current Restricted Assets
Assets:
Cash and cash equivalents	6,310,000	4,423,000
Fair Value, Measurements, Recurring | Commercial paper | Restricted Assets
Assets:
Cash and cash equivalents	1,907,000	3,160,000
Fair Value, Measurements, Recurring | Certificates of deposit
Assets:
Cash and cash equivalents	2,106,000	2,193,000
Fair Value, Measurements, Recurring | Money market funds securing legal bonds
Assets:
Cash and cash equivalents	535,000	535,000
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Investment securities at fair value	33,758,000	46,196,000
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. mortgage-backed securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Debt 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:
Debt securities available for sale		0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign fixed-income securities
Assets:
Debt 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:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash and cash equivalents	455,669,000	307,655,000
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Certificates of deposit
Assets:
Cash and cash equivalents	0	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	535,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Investment securities at fair value	54,885,000	83,445,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Government securities
Assets:
Debt securities available for sale	12,754,000	14,660,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate securities
Assets:
Debt securities available for sale	37,145,000	54,413,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. mortgage-backed securities
Assets:
Debt securities available for sale	4,984,000	6,816,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Debt securities available for sale	2,000	382,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Debt securities available for sale		5,887,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Index-linked U.S. bonds
Assets:
Debt securities available for sale		779,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign fixed-income securities
Assets:
Debt securities available for sale		508,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Total debt securities available for sale
Assets:
Debt securities available for sale	54,885,000	83,445,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Cash and cash equivalents	53,463,000	47,328,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Certificates of deposit
Assets:
Cash and cash equivalents	2,106,000	2,193,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Investment securities at fair value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Government securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. mortgage-backed securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Debt securities available for sale		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Index-linked U.S. bonds
Assets:
Debt securities available for sale		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign fixed-income securities
Assets:
Debt securities available for sale		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Total debt securities available for sale
Assets:
Debt securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Certificates of deposit
Assets:
Cash and cash equivalents	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Money market funds securing legal bonds
Assets:
Cash and cash equivalents	$ 0	$ 0

Investments and Fair Value Me_4

Investments and Fair Value Measurements (Quantitative Information about Level 3 Fair Value Measurements) (Details) $ in Thousands	Jun. 30, 2020USD ($)$ / shares	Dec. 31, 2019USD ($)$ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability	$ 1,317	$ 3,147
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability	1,317	3,147
Estimated fair value of the Douglas Elliman reporting unit	$ 169,000
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		$ 4,999
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
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Assumed remaining cash dividends - Q4 2019 and Q1 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input | $ / shares	0.20	0.40
Discounted cash flow | Significant Unobservable Inputs (Level 3) | Stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of derivatives embedded within convertible debt, measurement input | $ / shares		13.39
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
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		0.3694
Estimated fair value of the Douglas Elliman reporting unit		$ 271,500
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	0.068	0.020
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	0.078	0.010
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	0.058	0.030
Monte Carlo Simulation Model | Significant Unobservable Inputs (Level 3) | Risk-free rate for a 3-year term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of contingent liability, measurement input	0.0017	0.0161
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	0.6478	0.3556

Investments and Fair Value Me_5

Investments and Fair Value Measurements (Nonrecurring Measurements) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate ventures, fair value	$ 115,377	$ 131,556
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate ventures impairment charge	3,784	39,757
Investments in real estate ventures, fair value	1,980	18,335
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate ventures, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate ventures, fair value	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate ventures, fair value	$ 1,980	$ 18,335

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 445,760	$ 538,432	$ 900,248	$ 959,356
Operating income (loss)	66,797	76,244	61,893	118,834
Equity in (losses) earnings from real estate ventures	(12,260)	6,391	(18,765)	3,952
Depreciation and amortization	4,412	4,224	8,987	8,932
Capital expenditures			6,242	6,320
Litigation settlement and judgment expense	53	655	53	655
Restructuring charges	2,961	0	2,961	0
Impairments of goodwill and intangible assets	0	0	58,252	0
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Operating income (loss)	(5,637)	(6,860)	(12,252)	(14,005)
Equity in (losses) earnings from real estate ventures	0	0	0	0
Depreciation and amortization	214	250	434	500
Capital expenditures			20	0
Tobacco
Segment Reporting Information [Line Items]
Revenues	312,510		599,579
Tobacco | Operating Segments
Segment Reporting Information [Line Items]
Revenues		294,501		551,257
Operating income (loss)	79,309	68,651	148,495	128,795
Equity in (losses) earnings from real estate ventures	0	0	0	0
Depreciation and amortization	2,000	1,950	4,042	3,907
Capital expenditures			2,973	2,753
Real estate | Operating Segments
Segment Reporting Information [Line Items]
Revenues	133,250	243,931	300,669	408,099
Operating income (loss)	(6,875)	14,453	(74,350)	4,044
Equity in (losses) earnings from real estate ventures	(12,260)	6,391	(18,765)	3,952
Depreciation and amortization	$ 2,198	$ 2,024	4,511	4,525
Capital expenditures			$ 3,249	$ 3,567

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 540,363		$ 371,341
Investment securities at fair value	88,643		129,641
Accounts receivable - trade, net	32,760		36,959
Intercompany receivables	0		0
Inventories	98,609		98,762
Income taxes receivable, net	0		0
Other current assets	38,363		44,911
Total current assets	798,738		681,614
Property, plant and equipment, net	77,617		82,160
Investments in real estate, net	28,876		28,317
Long-term investment securities at fair value	33,232		45,781
Investments in real estate ventures	115,377		131,556
Operating lease right-of-use assets	148,662		149,578
Investments in consolidated subsidiaries	0		0
Goodwill and other intangible assets, net	207,659		265,993
Other assets	121,586		120,090
Total assets	1,531,747		1,505,089
Current liabilities:
Current portion of notes payable and long-term debt	8,853		209,269
Current portion of fair value of derivatives embedded within convertible debt	0		4,999
Intercompany payables	0		0
Income taxes payable, net	36,831		5,138
Current payments due under the Master Settlement Agreement	102,125		34,116
Current operating lease liability	18,268		18,294
Other current liabilities	332,034		189,317
Total current liabilities	498,111		461,133
Notes payable, long-term debt and other obligations, less current portion	1,398,194		1,397,216
Non-current employee benefits	61,025		67,853
Deferred income taxes, net	12,438		33,695
Non-current operating lease liability	159,296		156,963
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	71,887		73,245
Total liabilities	2,200,951		2,190,105
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(669,204)		(685,464)
Non-controlling interest	0		448
Total stockholders' deficiency	(669,204)	$ (718,999)	(685,016)	$ (606,696)	$ (590,101)	$ (547,366)
Total liabilities and stockholders' deficiency	1,531,747		1,505,089
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	(45,946)		(44,043)
Inventories	0		0
Income taxes receivable, net	(7,696)		(95)
Other current assets	(475)		0
Total current assets	(54,117)		(44,138)
Property, plant and equipment, net	0		0
Investments in real estate, net	0		0
Long-term investment securities at fair value	0		0
Investments in real estate ventures	0		0
Operating lease right-of-use assets	0		0
Investments in consolidated subsidiaries	(529,772)		(658,393)
Goodwill and other intangible assets, net	0		0
Other assets	0		0
Total assets	(583,889)		(702,531)
Current liabilities:
Current portion of notes payable and long-term debt	(8,750)		(10,000)
Current portion of fair value of derivatives embedded within convertible debt			0
Intercompany payables	(45,946)		(44,043)
Income taxes payable, net	(7,696)		(95)
Current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	0		0
Other current liabilities	(218)		(897)
Total current liabilities	(62,610)		(55,035)
Notes payable, long-term debt and other obligations, less current portion	(18,750)		(20,000)
Non-current employee benefits	0		0
Deferred income taxes, net	0		0
Non-current operating lease liability	0		0
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	(1,317)		(3,147)
Total liabilities	(82,677)		(78,182)
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(501,212)		(624,349)
Non-controlling interest	0		0
Total stockholders' deficiency	(501,212)		(624,349)
Total liabilities and stockholders' deficiency	(583,889)		(702,531)
Parent/Issuer
Current liabilities:
Current operating lease liability			508
Parent/Issuer | Reportable Legal Entities
Current assets:
Cash and cash equivalents	261,167		272,282
Investment securities at fair value	88,643		129,641
Accounts receivable - trade, net	0		0
Intercompany receivables	45,946		44,043
Inventories	0		0
Income taxes receivable, net	0		0
Other current assets	2,560		9,159
Total current assets	398,316		455,125
Property, plant and equipment, net	413		425
Investments in real estate, net	0		0
Long-term investment securities at fair value	33,232		45,781
Investments in real estate ventures	0		0
Operating lease right-of-use assets	6,521		7,085
Investments in consolidated subsidiaries	365,814		420,353
Goodwill and other intangible assets, net	0		0
Other assets	30,250		31,022
Total assets	834,546		959,791
Current liabilities:
Current portion of notes payable and long-term debt	0		163,932
Current portion of fair value of derivatives embedded within convertible debt			4,999
Intercompany payables	0		0
Income taxes payable, net	37,394		2,398
Current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	754
Other current liabilities	45,267		52,065
Total current liabilities	83,415		223,902
Notes payable, long-term debt and other obligations, less current portion	1,378,871		1,377,108
Non-current employee benefits	51,599		50,806
Deferred income taxes, net	(17,310)		(14,492)
Non-current operating lease liability	6,787		7,558
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	388		373
Total liabilities	1,503,750		1,645,255
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	(669,204)		(685,464)
Non-controlling interest	0		0
Total stockholders' deficiency	(669,204)		(685,464)
Total liabilities and stockholders' deficiency	834,546		959,791
Subsidiary Guarantors | Reportable Legal Entities
Current assets:
Cash and cash equivalents	217,748		27,178
Investment securities at fair value	0		0
Accounts receivable - trade, net	13,222		15,646
Intercompany receivables	0		0
Inventories	98,609		98,762
Income taxes receivable, net	0		0
Other current assets	8,069		9,021
Total current assets	337,648		150,607
Property, plant and equipment, net	32,245		33,816
Investments in real estate, net	0		0
Long-term investment securities at fair value	0		0
Investments in real estate ventures	0		0
Operating lease right-of-use assets	3,918		4,830
Investments in consolidated subsidiaries	163,958		238,040
Goodwill and other intangible assets, net	107,511		107,511
Other assets	47,092		46,416
Total assets	692,372		581,220
Current liabilities:
Current portion of notes payable and long-term debt	8,816		45,210
Current portion of fair value of derivatives embedded within convertible debt			0
Intercompany payables	167		236
Income taxes payable, net	7,133		2,835
Current payments due under the Master Settlement Agreement	102,125		34,116
Current operating lease liability	1,694		2,015
Other current liabilities	223,205		78,947
Total current liabilities	343,140		163,359
Notes payable, long-term debt and other obligations, less current portion	18,827		20,089
Non-current employee benefits	9,426		17,047
Deferred income taxes, net	21,756		22,620
Non-current operating lease liability	2,790		3,402
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	37,724		41,020
Total liabilities	433,663		267,537
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	258,709		313,683
Non-controlling interest	0		0
Total stockholders' deficiency	258,709		313,683
Total liabilities and stockholders' deficiency	692,372		581,220
Subsidiary Non-Guarantors | Reportable Legal Entities
Current assets:
Cash and cash equivalents	61,448		71,881
Investment securities at fair value	0		0
Accounts receivable - trade, net	19,538		21,313
Intercompany receivables	0		0
Inventories	0		0
Income taxes receivable, net	7,696		95
Other current assets	28,209		26,731
Total current assets	116,891		120,020
Property, plant and equipment, net	44,959		47,919
Investments in real estate, net	28,876		28,317
Long-term investment securities at fair value	0		0
Investments in real estate ventures	115,377		131,556
Operating lease right-of-use assets	138,223		137,663
Investments in consolidated subsidiaries	0		0
Goodwill and other intangible assets, net	100,148		158,482
Other assets	44,244		42,652
Total assets	588,718		666,609
Current liabilities:
Current portion of notes payable and long-term debt	8,787		10,127
Current portion of fair value of derivatives embedded within convertible debt			0
Intercompany payables	45,779		43,807
Income taxes payable, net	0		0
Current payments due under the Master Settlement Agreement	0		0
Current operating lease liability	15,820		15,771
Other current liabilities	63,780		59,202
Total current liabilities	134,166		128,907
Notes payable, long-term debt and other obligations, less current portion	19,246		20,019
Non-current employee benefits	0		0
Deferred income taxes, net	7,992		25,567
Non-current operating lease liability	149,719		146,003
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement	35,092		34,999
Total liabilities	346,215		355,495
Commitments and contingencies
Total Vector Group Ltd. stockholders' deficiency	242,503		310,666
Non-controlling interest	0		448
Total stockholders' deficiency	242,503		311,114
Total liabilities and stockholders' deficiency	$ 588,718		$ 666,609

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information (Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 445,760	$ 538,432	$ 900,248	$ 959,356
Expenses:
Cost of sales	304,885	368,174	615,508	654,194
Operating, selling, administrative and general expenses	71,064	93,359	161,581	185,673
Litigation settlement and judgment expense	53	655	53	655
Impairments of goodwill and intangible assets	0	0	58,252	0
Management fee expense	0	0	0	0
Restructuring charges	2,961	0	2,961	0
Operating income	66,797	76,244	61,893	118,834
Other income (expenses):
Interest expense	(29,358)	(32,753)	(64,985)	(70,273)
Change in fair value of derivatives embedded within convertible debt	1,669	3,788	4,999	14,137
Equity in (losses) earnings from real estate ventures	(12,260)	6,391	(18,765)	3,952
Equity in earnings (losses) from investments	2,207	(1,685)	52,359	(323)
Equity in earnings in consolidated subsidiaries	0	0	0	0
Management fee income	0	0	0	0
Other, net	7,635	4,781	(3,020)	12,221
Income before provision for income taxes	36,690	56,766	32,481	78,548
Income tax benefit (expense)	(10,916)	(17,459)	(9,938)	(24,208)
Net income	25,774	39,307	22,543	54,340
Net income attributed to non-controlling interest	0	0	0	(80)
Net income attributed to Vector Group Ltd.	25,774	39,307	22,543	54,260
Comprehensive income attributed to non-controlling interest	0	0	0	(80)
Comprehensive income attributed to Vector Group Ltd.	26,531	39,912	23,522	55,446
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Revenues	(120)	(120)	(239)	(239)
Expenses:
Cost of sales	0	0	0	0
Operating, selling, administrative and general expenses	(120)	(120)	(239)	(239)
Litigation settlement and judgment expense	0	0	0	0
Impairments of goodwill and intangible assets			0
Management fee expense	(3,114)	(2,992)	(6,228)	(5,985)
Restructuring charges	0		0
Operating income	3,114	2,992	6,228	5,985
Other income (expenses):
Interest expense	104	224	218	448
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in (losses) earnings from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	0	0	0	0
Equity in earnings in consolidated subsidiaries	(41,484)	(81,301)	30,897	(106,152)
Management fee income	(3,114)	(2,992)	(6,228)	(5,985)
Other, net	234	0	(1,831)	0
Income before provision for income taxes	(41,146)	(81,077)	29,284	(105,704)
Income tax benefit (expense)	0	0	0	0
Net income	(41,146)	(81,077)	29,284	(105,704)
Net income attributed to non-controlling interest				0
Net income attributed to Vector Group Ltd.	(41,146)	(81,077)	29,284	(105,704)
Comprehensive income attributed to non-controlling interest				0
Comprehensive income attributed to Vector Group Ltd.	(41,296)	(81,311)	28,985	(106,173)
Parent/Issuer | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	0	0	0	0
Expenses:
Cost of sales	0	0	0	0
Operating, selling, administrative and general expenses	8,429	9,515	17,593	19,346
Litigation settlement and judgment expense	0	0	0	0
Impairments of goodwill and intangible assets			0
Management fee expense	0	0	0	0
Restructuring charges	0		0
Operating income	(8,429)	(9,515)	(17,593)	(19,346)
Other income (expenses):
Interest expense	(28,666)	(31,706)	(63,405)	(68,254)
Change in fair value of derivatives embedded within convertible debt	1,669	3,788	4,999	14,137
Equity in (losses) earnings from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	2,207	(1,685)	52,359	(323)
Equity in earnings in consolidated subsidiaries	46,526	66,163	43,185	101,428
Management fee income	3,114	2,992	6,228	5,985
Other, net	5,154	3,702	(5,700)	10,285
Income before provision for income taxes	21,575	33,739	20,073	43,912
Income tax benefit (expense)	4,199	5,568	2,470	10,348
Net income	25,774	39,307	22,543	54,260
Net income attributed to non-controlling interest				0
Net income attributed to Vector Group Ltd.	25,774	39,307	22,543	54,260
Comprehensive income attributed to non-controlling interest				0
Comprehensive income attributed to Vector Group Ltd.	26,531	39,912	23,522	55,446
Subsidiary Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	312,630	294,621	599,818	551,496
Expenses:
Cost of sales	214,067	204,461	411,357	381,764
Operating, selling, administrative and general expenses	16,379	18,167	34,440	34,858
Litigation settlement and judgment expense	53	655	53	655
Impairments of goodwill and intangible assets			0
Management fee expense	3,114	2,992	6,228	5,985
Restructuring charges	0		0
Operating income	79,017	68,346	147,740	128,234
Other income (expenses):
Interest expense	(690)	(1,043)	(1,576)	(2,010)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in (losses) earnings from real estate ventures	0	0	0	0
Equity in earnings (losses) from investments	0	0	0	0
Equity in earnings in consolidated subsidiaries	(5,042)	15,138	(74,082)	4,724
Management fee income	0	0	0	0
Other, net	(78)	447	2,229	600
Income before provision for income taxes	73,207	82,888	74,311	131,548
Income tax benefit (expense)	(19,644)	(17,118)	(36,746)	(32,066)
Net income	53,563	65,770	37,565	99,482
Net income attributed to non-controlling interest				0
Net income attributed to Vector Group Ltd.	53,563	65,770	37,565	99,482
Comprehensive income attributed to non-controlling interest				0
Comprehensive income attributed to Vector Group Ltd.	53,713	66,004	37,864	99,951
Subsidiary Non-Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Revenues	133,250	243,931	300,669	408,099
Expenses:
Cost of sales	90,818	163,713	204,151	272,430
Operating, selling, administrative and general expenses	46,376	65,797	109,787	131,708
Litigation settlement and judgment expense	0	0	0	0
Impairments of goodwill and intangible assets			58,252
Management fee expense	0	0	0	0
Restructuring charges	2,961		2,961
Operating income	(6,905)	14,421	(74,482)	3,961
Other income (expenses):
Interest expense	(106)	(228)	(222)	(457)
Change in fair value of derivatives embedded within convertible debt	0	0	0	0
Equity in (losses) earnings from real estate ventures	(12,260)	6,391	(18,765)	3,952
Equity in earnings (losses) from investments	0	0	0	0
Equity in earnings in consolidated subsidiaries	0	0	0	0
Management fee income	0	0	0	0
Other, net	2,325	632	2,282	1,336
Income before provision for income taxes	(16,946)	21,216	(91,187)	8,792
Income tax benefit (expense)	4,529	(5,909)	24,338	(2,490)
Net income	(12,417)	15,307	(66,849)	6,302
Net income attributed to non-controlling interest				(80)
Net income attributed to Vector Group Ltd.	(12,417)	15,307	(66,849)	6,222
Comprehensive income attributed to non-controlling interest				(80)
Comprehensive income attributed to Vector Group Ltd.	$ (12,417)	$ 15,307	$ (66,849)	$ 6,222

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information (Statements of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 341,329	$ 98,102
Cash flows from investing activities:
Sale of investment securities	19,555	12,942
Maturities of investment securities	31,574	28,610
Purchase of investment securities	(16,867)	(44,222)
Proceeds from sale or liquidation of long-term investments	23,407	0
Purchase of long-term investments	(5,238)	0
Investments in real estate ventures	(3,858)	(21,908)
Investments in real estate, net	(679)	(1,153)
Purchase of subsidiaries	0	(668)
Distributions from investments in real estate ventures	5,172	23,200
Increase in cash surrender value of life insurance policies	(751)	(789)
Decrease in restricted assets	87	668
Investments in subsidiaries	0	0
Capital expenditures	(6,242)	(6,320)
Pay downs of investment securities	415	545
Proceeds from sale of fixed assets	0	8
Net cash provided by (used in) investing activities	46,575	(9,087)
Cash flows from financing activities:
Proceeds from issuance of debt	531	0
Deferred financing costs	0	(33)
Repayments of debt	(172,467)	(230,771)
Borrowings under revolver	130,641	172,224
Repayments on revolver	(165,593)	(169,727)
Capital contributions received	0	0
Intercompany dividends paid	0	0
Dividends and distributions on common stock	(63,478)	(118,748)
Distributions to non-controlling interest	(448)	(285)
Proceeds from issuance of Vector common stock	52,563	0
Other	5	0
Net cash used in financing activities	(218,246)	(347,340)
Net increase (decrease) in cash, cash equivalents and restricted cash	169,658	(258,325)
Cash, cash equivalents and restricted cash, beginning of period	379,476	591,729
Cash, cash equivalents and restricted cash, end of period	549,134	333,404
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(104,924)	(139,356)
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments	0
Purchase of long-term investments	0
Investments in real estate ventures	0	0
Investments in real estate, net	0	0
Purchase of subsidiaries		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	9,164	27,482
Capital expenditures	0	0
Pay downs of investment securities	0	0
Proceeds from sale of fixed assets		0
Net cash provided by (used in) investing activities	9,164	27,482
Cash flows from financing activities:
Proceeds from issuance of debt	0
Deferred financing costs		0
Repayments of debt	0	0
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	(9,164)	(27,482)
Intercompany dividends paid	104,924	139,356
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	0
Other	0
Net cash used in financing activities	95,760	111,874
Net increase (decrease) 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	126,021	78,661
Cash flows from investing activities:
Sale of investment securities	19,555	12,942
Maturities of investment securities	31,574	28,610
Purchase of investment securities	(16,867)	(44,222)
Proceeds from sale or liquidation of long-term investments	23,407
Purchase of long-term investments	(5,238)
Investments in real estate ventures	0	0
Investments in real estate, net	0	0
Purchase of subsidiaries		0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(340)	(385)
Decrease in restricted assets	(13)	(15)
Investments in subsidiaries	(9,164)	(27,482)
Capital expenditures	(20)	0
Pay downs of investment securities	415	545
Proceeds from sale of fixed assets		0
Net cash provided by (used in) investing activities	43,309	(30,007)
Cash flows from financing activities:
Proceeds from issuance of debt	0
Deferred financing costs		0
Repayments of debt	(169,610)	(230,000)
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	0	0
Intercompany dividends paid	0	0
Dividends and distributions on common stock	(63,478)	(118,748)
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	52,563
Other	80
Net cash used in financing activities	(180,445)	(348,748)
Net increase (decrease) in cash, cash equivalents and restricted cash	(11,115)	(300,094)
Cash, cash equivalents and restricted cash, beginning of period	272,282	474,880
Cash, cash equivalents and restricted cash, end of period	261,167	174,786
Subsidiary Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	325,721	148,639
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments	0
Purchase of long-term investments	0
Investments in real estate ventures	0	0
Investments in real estate, net	0	0
Purchase of subsidiaries		0
Distributions from investments in real estate ventures	0	0
Increase in cash surrender value of life insurance policies	(411)	(404)
Decrease in restricted assets	100	683
Investments in subsidiaries	0	0
Capital expenditures	(2,973)	(2,753)
Pay downs of investment securities	0	0
Proceeds from sale of fixed assets		8
Net cash provided by (used in) investing activities	(3,284)	(2,466)
Cash flows from financing activities:
Proceeds from issuance of debt	0
Deferred financing costs		(33)
Repayments of debt	(204)	(621)
Borrowings under revolver	130,641	172,224
Repayments on revolver	(165,593)	(169,727)
Capital contributions received	550	575
Intercompany dividends paid	(97,259)	(102,739)
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	0	0
Proceeds from issuance of Vector common stock	0
Other	0
Net cash used in financing activities	(131,865)	(100,321)
Net increase (decrease) in cash, cash equivalents and restricted cash	190,572	45,852
Cash, cash equivalents and restricted cash, beginning of period	27,730	23,849
Cash, cash equivalents and restricted cash, end of period	218,302	69,701
Subsidiary Non-Guarantors | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(5,489)	10,158
Cash flows from investing activities:
Sale of investment securities	0	0
Maturities of investment securities	0	0
Purchase of investment securities	0	0
Proceeds from sale or liquidation of long-term investments	0
Purchase of long-term investments	0
Investments in real estate ventures	(3,858)	(21,908)
Investments in real estate, net	(679)	(1,153)
Purchase of subsidiaries		(668)
Distributions from investments in real estate ventures	5,172	23,200
Increase in cash surrender value of life insurance policies	0	0
Decrease in restricted assets	0	0
Investments in subsidiaries	0	0
Capital expenditures	(3,249)	(3,567)
Pay downs of investment securities	0	0
Proceeds from sale of fixed assets		0
Net cash provided by (used in) investing activities	(2,614)	(4,096)
Cash flows from financing activities:
Proceeds from issuance of debt	531
Deferred financing costs		0
Repayments of debt	(2,653)	(150)
Borrowings under revolver	0	0
Repayments on revolver	0	0
Capital contributions received	8,614	26,907
Intercompany dividends paid	(7,665)	(36,617)
Dividends and distributions on common stock	0	0
Distributions to non-controlling interest	(448)	(285)
Proceeds from issuance of Vector common stock	0
Other	(75)
Net cash used in financing activities	(1,696)	(10,145)
Net increase (decrease) in cash, cash equivalents and restricted cash	(9,799)	(4,083)
Cash, cash equivalents and restricted cash, beginning of period	79,464	93,000
Cash, cash equivalents and restricted cash, end of period	$ 69,665	$ 88,917