Document
false--12-31Q3201900000594400.361.090.381.140.100.1025000000025000000014091464214779006114091464214779006100049.33632946500033590001310700000.0900.0800.0850.03700.01700.02700.400.200.1630.0760.1840.0100.4850.1500.5000.1500.4950.0315462800052384000111000000010000000P2YP12M0000 0000059440 2019-01-01 2019-09-30 0000059440 2019-11-04 0000059440 2018-12-31 0000059440 2019-09-30 0000059440 2019-07-01 2019-09-30 0000059440 2018-07-01 2018-09-30 0000059440 vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TobaccoSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 2018-01-01 2018-09-30 0000059440 vgr:TobaccoSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TobaccoSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TobaccoSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 2018-09-30 0000059440 vgr:September272018DividendMember us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0000059440 us-gaap:CommonStockMember 2018-09-30 0000059440 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000059440 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000059440 us-gaap:CommonStockMember 2018-06-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000059440 vgr:September272019DividendMember us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000059440 vgr:September272019DividendMember 2018-07-01 2018-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2018-09-30 0000059440 vgr:September272019DividendMember us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000059440 2018-06-30 0000059440 us-gaap:RetainedEarningsMember 2018-06-30 0000059440 vgr:September272018DividendMember us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000059440 vgr:September272018DividendMember 2018-07-01 2018-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2018-06-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000059440 us-gaap:RetainedEarningsMember 2018-09-30 0000059440 us-gaap:CommonStockMember 2019-06-30 0000059440 us-gaap:NoncontrollingInterestMember 2019-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000059440 us-gaap:CommonStockMember 2019-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000059440 us-gaap:RetainedEarningsMember 2019-09-30 0000059440 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000059440 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000059440 2019-06-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2019-06-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000059440 us-gaap:RetainedEarningsMember 2019-06-30 0000059440 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0000059440 us-gaap:CommonStockMember 2018-12-31 0000059440 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2018-12-31 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000059440 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000059440 us-gaap:RetainedEarningsMember 2018-12-31 0000059440 vgr:September272018DividendMember us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000059440 us-gaap:CommonStockMember 2017-12-31 0000059440 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000059440 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0000059440 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000059440 vgr:September272018DividendMember 2018-01-01 2018-09-30 0000059440 2017-12-31 0000059440 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000059440 vgr:September272019DividendMember us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000059440 vgr:September272019DividendMember 2018-01-01 2018-09-30 0000059440 us-gaap:RetainedEarningsMember 2017-12-31 0000059440 us-gaap:NoncontrollingInterestMember 2017-12-31 0000059440 vgr:September272018DividendMember us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000059440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000059440 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000059440 vgr:September272019DividendMember us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000059440 us-gaap:TrademarksMember 2019-09-30 0000059440 vgr:MasterSettlementAgreementIntangibleAssetMember 2018-12-31 0000059440 us-gaap:TrademarksMember 2018-12-31 0000059440 vgr:MasterSettlementAgreementIntangibleAssetMember 2019-09-30 0000059440 us-gaap:ConvertibleDebtSecuritiesMember 2019-07-01 2019-09-30 0000059440 us-gaap:RestrictedStockMember 2019-01-01 2019-09-30 0000059440 us-gaap:RestrictedStockMember 2019-07-01 2019-09-30 0000059440 us-gaap:ConvertibleDebtSecuritiesMember 2019-01-01 2019-09-30 0000059440 us-gaap:RestrictedStockMember 2018-01-01 2018-09-30 0000059440 us-gaap:RestrictedStockMember 2018-07-01 2018-09-30 0000059440 us-gaap:ConvertibleDebtSecuritiesMember 2018-07-01 2018-09-30 0000059440 us-gaap:ConvertibleDebtSecuritiesMember 2018-01-01 2018-09-30 0000059440 us-gaap:AccountingStandardsUpdate201802Member 2019-01-01 0000059440 2018-09-27 0000059440 srt:MinimumMember 2018-12-31 0000059440 srt:MaximumMember 2019-09-30 0000059440 srt:MinimumMember 2019-09-30 0000059440 srt:MaximumMember 2018-12-31 0000059440 vgr:OtherRealEstateRevenuesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:WestMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:WestMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TitleFeesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NortheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:WestMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 vgr:OtherBrandsMember vgr:TobaccoMember 2018-07-01 2018-09-30 0000059440 vgr:OtherBrandsMember vgr:TobaccoMember 2018-01-01 2018-09-30 0000059440 vgr:OtherBrandsMember vgr:TobaccoMember 2019-07-01 2019-09-30 0000059440 vgr:CoreDiscountBrandsPyramidGrandPrixLiggettSelectEveandEAGLE20sMember vgr:TobaccoMember 2019-01-01 2019-09-30 0000059440 vgr:CoreDiscountBrandsPyramidGrandPrixLiggettSelectEveandEAGLE20sMember vgr:TobaccoMember 2018-07-01 2018-09-30 0000059440 vgr:TobaccoMember 2019-01-01 2019-09-30 0000059440 vgr:TobaccoMember 2019-07-01 2019-09-30 0000059440 vgr:CoreDiscountBrandsPyramidGrandPrixLiggettSelectEveandEAGLE20sMember vgr:TobaccoMember 2018-01-01 2018-09-30 0000059440 vgr:TobaccoMember 2018-07-01 2018-09-30 0000059440 vgr:CoreDiscountBrandsPyramidGrandPrixLiggettSelectEveandEAGLE20sMember vgr:TobaccoMember 2019-07-01 2019-09-30 0000059440 vgr:TobaccoMember 2018-01-01 2018-09-30 0000059440 vgr:OtherBrandsMember vgr:TobaccoMember 2019-01-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NortheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:CommissionandOtherBrokerageIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:SoutheastMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:DevelopmentMarketingMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TitleFeesMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:PropertyManagementIncomeMember vgr:WestMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:OtherRealEstateRevenuesMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 vgr:TotalDouglasEllimanRealityRevenueMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 2019-01-01 0000059440 us-gaap:EquipmentMember 2019-09-30 0000059440 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000059440 vgr:OneLeaseLessorAffiliateofSignificantInvestorMember 2019-09-30 0000059440 vgr:OneLeaseLessorAffiliateofSignificantInvestorMember 2019-01-01 2019-09-30 0000059440 srt:MinimumMember 2019-01-01 2019-09-30 0000059440 vgr:OneLeaseLessorAffiliateofSignificantInvestorMember 2019-07-01 2019-09-30 0000059440 srt:MaximumMember 2019-01-01 2019-09-30 0000059440 us-gaap:InventoriesMember 2018-12-31 0000059440 vgr:FinishedGoodsMember 2018-12-31 0000059440 vgr:LiggettMember us-gaap:InventoriesMember 2019-01-01 2019-09-30 0000059440 us-gaap:InventoriesMember 2019-09-30 0000059440 vgr:LeafTobaccoMember 2018-12-31 0000059440 vgr:OtherRawMaterialsMember 2018-12-31 0000059440 vgr:LeafTobaccoMember 2019-09-30 0000059440 vgr:FinishedGoodsMember 2019-09-30 0000059440 vgr:WorkinProcessMember 2019-09-30 0000059440 vgr:WorkinProcessMember 2018-12-31 0000059440 vgr:OtherRawMaterialsMember 2019-09-30 0000059440 us-gaap:DebtSecuritiesMember 2018-12-31 0000059440 vgr:MarketableDebtSecuritiesMember 2018-12-31 0000059440 vgr:CorporateSecuritiesandU.S.GovernmentSecuritiesMember 2019-01-01 2019-09-30 0000059440 us-gaap:OtherLongTermInvestmentsMember 2019-01-01 2019-09-30 0000059440 us-gaap:OtherLongTermInvestmentsMember 2019-07-01 2019-09-30 0000059440 vgr:CorporateSecuritiesandU.S.GovernmentSecuritiesMember 2018-01-01 2018-09-30 0000059440 us-gaap:OtherLongTermInvestmentsMember 2018-01-01 2018-09-30 0000059440 us-gaap:DebtSecuritiesMember 2019-09-30 0000059440 vgr:MarketableDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member vgr:MarketableEquitySecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FixedIncomeFundsMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member vgr:MarketableEquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FixedIncomeFundsMember 2019-09-30 0000059440 vgr:ForeignFixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:USTreasurySecuritiesMember 2019-09-30 0000059440 us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2019-09-30 0000059440 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0000059440 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-09-30 0000059440 vgr:BoyarValueFundMember 2019-09-30 0000059440 vgr:CastleBrandsMember 2019-09-30 0000059440 vgr:IndianCreekInvestorsLPMember 2019-09-30 0000059440 vgr:LadenburgThalmannFinancialServicesInc.Member 2019-09-30 0000059440 vgr:OptikaFundLLCMember 2019-09-30 0000059440 vgr:CastleBrandsMember us-gaap:SubsequentEventMember 2019-10-09 2019-10-09 0000059440 vgr:CastleBrandsMember us-gaap:SubsequentEventMember 2019-10-09 0000059440 vgr:OptikaFundLLCMember 2019-07-01 2019-09-30 0000059440 vgr:BoyarValueFundMember 2018-12-31 0000059440 vgr:IndianCreekInvestorsLPMember 2018-12-31 0000059440 vgr:OptikaFundLLCMember 2018-12-31 0000059440 vgr:CastleBrandsMember 2018-12-31 0000059440 vgr:LadenburgThalmannFinancialServicesInc.Member 2018-12-31 0000059440 vgr:NewValleyLlcMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2018-12-31 0000059440 vgr:NewValleyLlcMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:ParkLaneHotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:A9DeKalbMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:ParkonFifth500AltonRdMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000059440 vgr:NewValleyLlcMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember vgr:A3526thAvenueLLCMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:ParkLaneHotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:A3526thAvenueLLCMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-02-28 0000059440 vgr:DouglasEllimanRealtyLlcMember vgr:InnovaRiskManagementMember us-gaap:SubsequentEventMember 2019-11-01 2019-11-01 0000059440 vgr:NewValleyLlcMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:DouglasEllimanRealtyLlcMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:MonadTerraceMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-12-31 0000059440 vgr:NewValleyLlcMember vgr:MeatpackingPlazaMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-04-30 0000059440 vgr:NewValleyLlcMember vgr:SagaponackMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember vgr:MeatpackingPlazaMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:ParkLaneHotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:MonadTerraceMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:DouglasEllimanRealtyLlcMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember vgr:EscenaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember vgr:SagaponackMember 2015-04-01 2015-04-30 0000059440 vgr:NewValleyLlcMember vgr:A9DeKalbMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-04-30 0000059440 vgr:NewValleyLlcMember vgr:SagaponackMember 2018-12-31 0000059440 vgr:NewValleyLlcMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2019-01-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember us-gaap:NonUsMember 2018-01-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-07-01 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:RetailSiteMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2018-07-01 2018-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember srt:MaximumMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember srt:MinimumMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MultifamilyMember srt:MinimumMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember srt:MinimumMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember srt:MaximumMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MaximumMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:ApartmentBuildingMember srt:MaximumMember vgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:HotelMember srt:MaximumMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:MinimumMember vgr:NewYorkCityStandardMetropolitanStatisticalAreaMember 2019-09-30 0000059440 vgr:NewValleyLlcMember srt:OtherPropertyMember srt:MinimumMember 2019-09-30 0000059440 vgr:A10.5SeniorNotesdue2026Member us-gaap:SeniorNotesMember 2019-09-30 0000059440 vgr:A5.5VariableInterestSeniorConvertibleDebenturesdue2020Member us-gaap:ConvertibleDebtMember 2018-12-31 0000059440 vgr:A5.5VariableInterestSeniorConvertibleDebenturesdue2020Member us-gaap:ConvertibleDebtMember 2019-09-30 0000059440 vgr:LiggettMember us-gaap:LineOfCreditMember 2019-09-30 0000059440 vgr:A7.5VariableInterestSeniorConvertibleNotesdue2019Member us-gaap:ConvertibleDebtMember 2019-09-30 0000059440 vgr:A6.125SeniorSecuredNotesdue2025Member us-gaap:SeniorNotesMember 2019-09-30 0000059440 vgr:A7.5VariableInterestSeniorConvertibleNotesdue2019Member us-gaap:ConvertibleDebtMember 2019-01-15 0000059440 vgr:A7.5VariableInterestSeniorConvertibleNotesdue2019Member us-gaap:ConvertibleDebtMember 2018-12-31 0000059440 vgr:A7.5VariableInterestSeniorConvertibleNotesdue2019Member us-gaap:ConvertibleDebtMember 2019-01-31 0000059440 vgr:LiggettMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2019-11-01 0000059440 vgr:A7.5VariableInterestSeniorConvertibleNotesdue2019Member us-gaap:ConvertibleDebtMember 2019-01-01 2019-01-31 0000059440 vgr:A5.5VariableInterestSeniorConvertibleDebenturesdue2020Member us-gaap:ConvertibleDebtMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember us-gaap:SecuredDebtMember 2018-12-31 0000059440 us-gaap:NotesPayableOtherPayablesMember 2018-12-31 0000059440 vgr:A10.5SeniorNotesdue2026Member us-gaap:ConvertibleDebtMember 2019-09-30 0000059440 vgr:LiggettMember us-gaap:SecuredDebtMember 2019-09-30 0000059440 vgr:LiggettMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2018-12-31 0000059440 vgr:A10.5SeniorNotesdue2026Member us-gaap:ConvertibleDebtMember 2018-12-31 0000059440 us-gaap:NotesPayableOtherPayablesMember 2019-09-30 0000059440 vgr:LiggettMember vgr:TermLoanUnderCreditFacilityMember us-gaap:LineOfCreditMember 2019-09-30 0000059440 vgr:LiggettMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-09-30 0000059440 vgr:A6.125SeniorSecuredNotesdue2025Member us-gaap:SeniorNotesMember 2018-12-31 0000059440 vgr:LiggettMember vgr:TermLoanUnderCreditFacilityMember us-gaap:LineOfCreditMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2019-09-30 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2018-12-31 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2019-09-30 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember 2019-09-30 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2018-12-31 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember 2019-09-30 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000059440 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000059440 vgr:A5.5VariableInterestSeniorConvertibleDebenturesdue2020Member us-gaap:ConvertibleDebtMember 2018-01-01 2018-12-31 0000059440 us-gaap:SettledLitigationMember 2019-01-01 2019-09-30 0000059440 us-gaap:SettledLitigationMember 2019-09-30 0000059440 us-gaap:PendingLitigationMember 2019-01-01 2019-09-30 0000059440 us-gaap:SettledLitigationMember 2018-12-31 0000059440 us-gaap:PendingLitigationMember 2018-12-31 0000059440 us-gaap:PendingLitigationMember 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:IL 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:FL 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:LA 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:WV 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:NV 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:NY 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:OH 2019-09-30 0000059440 us-gaap:SettledLitigationMember 2017-12-31 0000059440 us-gaap:SettledLitigationMember 2018-01-01 2018-09-30 0000059440 us-gaap:PendingLitigationMember 2018-01-01 2018-09-30 0000059440 us-gaap:PendingLitigationMember 2017-12-31 0000059440 us-gaap:SettledLitigationMember 2018-09-30 0000059440 us-gaap:PendingLitigationMember 2018-09-30 0000059440 vgr:LiggettMember 2019-09-30 0000059440 vgr:LiggettMember 2018-01-01 2018-09-30 0000059440 vgr:LiggettAndVectorTobaccoMember srt:MaximumMember us-gaap:SuretyBondMember 2019-08-01 2019-08-31 0000059440 vgr:LiggettAndVectorTobaccoMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActions20112015NPMAdjustmentMember 2019-09-30 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2016-10-01 2016-12-31 0000059440 vgr:TobaccoLitigationPersonalInjuryCasesMember stpr:WV 2001-12-31 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:FL 2010-01-01 2010-12-31 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2019-09-30 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2017-06-01 2017-06-30 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2015-02-01 2015-02-28 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember 2019-09-30 0000059440 vgr:LiggettMember 2019-01-01 2019-09-30 0000059440 vgr:HealthCareCostRecoveryActionsMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:MN 2003-01-01 2003-12-31 0000059440 vgr:IndividualActionsCasesMember 2019-09-30 0000059440 vgr:HealthCareCostRecoveryActions2003NPMAdjustmentMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2013-10-31 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2016-12-01 2016-12-31 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:EngleProgenyCasesMember 2019-09-30 0000059440 1996-11-21 1996-11-21 0000059440 vgr:LiggettMember vgr:ClassActionsMember 2019-09-30 0000059440 vgr:TobaccoLitigationPersonalInjuryCasesMember stpr:WV 2013-10-01 2013-10-31 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:MS 2019-03-21 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:HealthCareCostRecoveryActionsNPMAdjustmentMember us-gaap:CostOfSalesMember 2013-01-01 2018-12-31 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2013-10-01 2013-10-31 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:HealthCareCostRecoveryActions20042010NPMAdjustmentMember 2019-09-30 0000059440 vgr:LiggettMember vgr:IndividualActionsCasesMember stpr:MD 2019-09-30 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:EngleProgenyCasesMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:MS 2019-07-01 2019-07-31 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember 1996-03-01 1998-03-31 0000059440 vgr:LiggettMember vgr:CrowCreekSiouxTribev.AmericanTobaccoCompanyMember 2019-09-30 0000059440 vgr:LiggettMember vgr:Santorov.R.J.ReynoldsMember us-gaap:SuretyBondMember 2019-09-30 0000059440 vgr:LiggettAndVectorTobaccoMember srt:MaximumMember us-gaap:SuretyBondMember 2019-09-30 0000059440 vgr:TobaccoLitigationPersonalInjuryCasesMember stpr:WV 2013-05-01 2013-05-31 0000059440 vgr:VectorTobaccoMember vgr:HealthCareCostRecoveryActionsMember 2019-09-30 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:HealthCareCostRecoveryActionsMember 2019-09-30 0000059440 vgr:HealthCareCostRecoveryActions2003NPMAdjustmentMember 2019-09-30 0000059440 vgr:LiggettMember 1996-03-01 1998-03-31 0000059440 vgr:LiggettMember vgr:Santorov.R.J.ReynoldsMember 2019-01-01 2019-09-30 0000059440 vgr:ParsonsVAcSIncMember 2019-09-30 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember stpr:FL 2009-06-30 0000059440 vgr:LiggettMember 1996-11-21 1996-11-21 0000059440 vgr:LiggettAndVectorTobaccoMember vgr:HealthCareCostRecoveryActionsMember 2017-12-28 2017-12-28 0000059440 vgr:LiggettMember vgr:EngleProgenyCasesMember 2017-09-01 2017-09-30 0000059440 vgr:EngleProgenyCasesMember 2019-09-30 0000059440 vgr:HealthCareCostRecoveryActionsMember 1996-03-01 1998-03-31 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:MS 2019-09-01 2019-09-30 0000059440 vgr:LiggettMember vgr:LukacsCampbellDouglasClayTulloWardRizzutoLambertandBuchananMember 2019-01-01 2019-09-30 0000059440 vgr:LiggettMember vgr:HealthCareCostRecoveryActionsMember stpr:MS 2016-01-01 2016-01-31 0000059440 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000059440 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000059440 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000059440 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000059440 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000059440 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000059440 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000059440 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000059440 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2018-12-31 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member vgr:MarketableEquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2018-12-31 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member vgr:MarketableEquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember vgr:ForeignFixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0000059440 us-gaap:EquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeFundsMember 2018-12-31 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FixedIncomeFundsMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember vgr:ForeignFixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 vgr:MarketableEquitySecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeFundsMember 2018-12-31 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember vgr:ForeignFixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2018-12-31 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember vgr:ForeignFixedIncomeSecuritiesMember 2018-12-31 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputRiskFreeInterestRateMember vgr:MonteCarloSimulationModelMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputConversionPriceMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputSharePriceMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputPriceVolatilityMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member vgr:MeasurementInputLeverageAdjustedEquityandVolatilityofPeerFirmsMember vgr:MonteCarloSimulationModelMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputExpectedDividendRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 vgr:DouglasEllimanMember 2019-09-30 0000059440 vgr:CurrentRestrictedAssetsMember us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000059440 vgr:CurrentRestrictedAssetsMember us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 vgr:RestrictedAssetsMember us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000059440 vgr:RestrictedAssetsMember us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel1Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-09-30 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2019-09-30 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000059440 vgr:MarketableEquitySecuritiesMember 2019-09-30 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0000059440 us-gaap:EquitySecuritiesMember 2019-09-30 0000059440 us-gaap:SuretyBondMember 2019-09-30 0000059440 us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member vgr:ForeignFixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0000059440 us-gaap:FixedIncomeFundsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeFundsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member vgr:MarketableEquitySecuritiesMember 2019-09-30 0000059440 us-gaap:CommercialPaperMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member vgr:MarketableEquitySecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2019-09-30 0000059440 us-gaap:CertificatesOfDepositMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000059440 us-gaap:SuretyBondMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member vgr:ForeignFixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2019-09-30 0000059440 us-gaap:MoneyMarketFundsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member vgr:ForeignFixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeFundsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2019-09-30 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-09-30 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000059440 us-gaap:CertificatesOfDepositMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-09-30 0000059440 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000059440 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputPriceVolatilityMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputExpectedDividendRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member vgr:MeasurementInputLeverageAdjustedEquityandVolatilityofPeerFirmsMember vgr:MonteCarloSimulationModelMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputSharePriceMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputExpectedDividendPaymentMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputRiskFreeInterestRateMember vgr:MonteCarloSimulationModelMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputConversionPriceMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 srt:ScenarioForecastMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputExpectedDividendPaymentMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-12-31 0000059440 srt:ScenarioForecastMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputExpectedDividendPaymentMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2020-03-31 0000059440 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0000059440 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0000059440 us-gaap:OperatingSegmentsMember vgr:TobaccoSegmentMember 2019-07-01 2019-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:TobaccoSegmentMember 2019-01-01 2019-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:TobaccoSegmentMember 2018-07-01 2018-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:TobaccoSegmentMember 2018-01-01 2018-09-30 0000059440 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0000059440 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:RealEstateSegmentMember 2019-07-01 2019-09-30 0000059440 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:RealEstateSegmentMember 2018-07-01 2018-09-30 0000059440 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:RealEstateSegmentMember 2018-01-01 2018-09-30 0000059440 us-gaap:OperatingSegmentsMember vgr:RealEstateSegmentMember 2019-01-01 2019-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-09-30 0000059440 srt:ConsolidationEliminationsMember 2019-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-12-31 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0000059440 srt:ConsolidationEliminationsMember 2018-12-31 0000059440 srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000059440 srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000059440 srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000059440 srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2017-12-31 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0000059440 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0000059440 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0000059440 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-09-30 0000059440 srt:ConsolidationEliminationsMember 2017-12-31 0000059440 srt:ConsolidationEliminationsMember 2018-09-30 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares vgr:state vgr:defendant vgr:venture vgr:sponsorship vgr:case


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For The Quarterly Period Ended  September 30, 2019

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
VECTOR GROUP LTD.
(Exact name of registrant as specified in its charter)
Delaware
1-5759
65-0949535
(State or other jurisdiction of incorporation
Commission File Number
(I.R.S. Employer Identification No.)
incorporation or organization)
 
 
4400 Biscayne Boulevard
Miami, Florida 33137
305-579-8000
(Address, including zip code and telephone number, including area code,
of the principal executive offices)
 
Securities Registered Pursuant to 12(b) of the Act:
Title of each class:
Trading
Name of each exchange
 
Symbol(s)
on which registered:
Common stock, par value $0.10 per share
VGR
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
x Yes o No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
x Yes o No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes x No
At November 4, 2019, Vector Group Ltd. had 147,790,061 shares of common stock outstanding.
 




VECTOR GROUP LTD.

FORM 10-Q

TABLE OF CONTENTS

 
Page
PART I. FINANCIAL INFORMATION
 
 
 
Item 1. Vector Group Ltd. Condensed Consolidated Financial Statements (Unaudited):
 
 
 
Condensed Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018
 
 
Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018
 
 
Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2019 and 2018
 
 
Condensed Consolidated Statements of Stockholders' Deficiency for the three and nine months ended September 30, 2019 and 2018
 
 
Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 and 2018
 
 
Notes to Condensed Consolidated Financial Statements
 
 
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
 
Item 3. Quantitative and Qualitative Disclosures About Market Risk
 
 
Item 4. Controls and Procedures
 
 
PART II. OTHER INFORMATION
 
 
 
Item 1. Legal Proceedings
 
 
Item 1A. Risk Factors
 
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
 
 
Item 6. Exhibits
 
 
SIGNATURE


1

VECTOR GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands, Except Per Share Amounts)
Unaudited

 
September 30,
2019
 
December 31,
2018
ASSETS:
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
319,298

 
$
584,581

Investment securities at fair value
140,690

 
131,569

Accounts receivable - trade, net
42,653

 
34,246

Inventories
99,179

 
90,997

Other current assets
32,548

 
30,828

Total current assets
634,368

 
872,221

Property, plant and equipment, net
83,932

 
86,736

Investments in real estate, net
28,009

 
26,220

Long-term investments (of which $52,384 and $54,628 were carried at fair value)
66,915

 
66,259

Investments in real estate ventures
159,569

 
141,105

Operating lease right of use assets
148,387

 

Goodwill and other intangible assets, net
266,034

 
266,611

Other assets
99,470

 
90,352

Total assets
$
1,486,684

 
$
1,549,504

LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
 
 
 
Current liabilities:
 
 
 
   Current portion of notes payable and long-term debt
$
239,867

 
$
256,134

   Current portion of fair value of derivatives embedded within convertible debt
11,105

 
6,635

 Current payments due under the Master Settlement Agreement
132,377

 
36,561

Income taxes payable, net
29,427

 
5,252

Current operating lease liability
19,344

 

Other current liabilities
174,722

 
180,338

Total current liabilities
606,842

 
484,920

Notes payable, long-term debt and other obligations, less current portion
1,178,241

 
1,386,697

Fair value of derivatives embedded within convertible debt

 
24,789

Non-current employee benefits
62,560

 
61,288

Deferred income taxes, net
34,378

 
37,411

Non-current operating lease liability
154,254

 

Payments due under the Master Settlement Agreement
17,275

 
16,383

Other liabilities
61,807

 
85,382

Total liabilities
2,115,357

 
2,096,870

Commitments and contingencies (Note 9)

 

Stockholders' deficiency:
 
 
 
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized

 

Common stock, par value $0.10 per share, 250,000,000 shares authorized, 147,790,061 and 140,914,642 shares issued and outstanding
14,779

 
14,092

Accumulated deficit
(620,791
)
 
(542,169
)
Accumulated other comprehensive loss
(23,149
)
 
(19,982
)
Total Vector Group Ltd. stockholders' deficiency
(629,161
)
 
(548,059
)
Non-controlling interest
488

 
693

Total stockholders' deficiency
(628,673
)
 
(547,366
)
Total liabilities and stockholders' deficiency
$
1,486,684

 
$
1,549,504


The accompanying notes are an integral part of the condensed consolidated financial statements.

2



VECTOR GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands, Except Per Share Amounts)
Unaudited

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
   Tobacco*
$
303,260

 
$
302,009

 
$
854,517

 
$
843,958

   Real estate
201,530

 
211,860

 
609,629

 
580,365

       Total revenues
504,790

 
513,869

 
1,464,146

 
1,424,323

 
 
 
 
 
 
 
 
Expenses:
 
 
 
 
 
 
 
 Cost of sales:
 
 
 
 
 
 
 
   Tobacco*
209,192

 
219,769

 
590,956

 
597,492

   Real estate
136,264

 
140,533

 
408,694

 
389,851

       Total cost of sales
345,456

 
360,302

 
999,650

 
987,343

 
 
 
 
 
 
 
 
Operating, selling, administrative and general expenses
92,374

 
87,549

 
278,047

 
262,961

Litigation settlement and judgment expense (income)
240

 

 
895

 
(1,944
)
Operating income
66,720

 
66,018

 
185,554

 
175,963

 
 
 
 
 
 
 
 
Other income (expenses):
 
 
 
 
 
 
 
Interest expense
(32,963
)
 
(51,084
)
 
(103,236
)
 
(145,452
)
Change in fair value of derivatives embedded within convertible debt
6,182

 
10,005

 
20,319

 
31,289

Equity in earnings (losses) from real estate ventures
8,050

 
294

 
12,002

 
(8,378
)
Other, net
1,755

 
4,481

 
13,653

 
13,660

Income before provision for income taxes
49,744

 
29,714

 
128,292

 
67,082

Income tax expense
13,736

 
14,686

 
37,944

 
29,394

 
 
 
 
 
 
 
 
Net income
36,008

 
15,028

 
90,348

 
37,688

 
 
 
 
 
 
 
 
Net income attributed to non-controlling interest

 
(3,026
)
 
(80
)
 
(657
)
 
 
 
 
 
 
 
 
Net income attributed to Vector Group Ltd.
$
36,008

 
$
12,002

 
$
90,268

 
$
37,031

 
 
 
 
 
 
 
 
Per basic common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common shares attributed to Vector Group Ltd.
$
0.23

 
$
0.07

 
$
0.57

 
$
0.23

 
 
 
 
 
 
 
 
Per diluted common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common shares attributed to Vector Group Ltd.
$
0.23

 
$
0.07

 
$
0.56

 
$
0.22

                                      

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


The accompanying notes are an integral part of the condensed consolidated financial statements.

3




VECTOR GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in Thousands)
Unaudited
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
Net income
$
36,008

 
$
15,028

 
$
90,348

 
$
37,688

 
 
 
 
 
 
 
 
Net unrealized (losses) gains on investment securities available for sale:
 
 
 
 
 
 
 
Change in net unrealized gains (losses)
2

 
(168
)
 
725

 
(1,090
)
Net unrealized (gains) losses reclassified into net income
(19
)
 
165

 
(56
)
 
989

Net unrealized (losses) gains on investment securities available for sale
(17
)
 
(3
)
 
669

 
(101
)
 
 
 
 
 


 
 
Net change in pension-related amounts
 
 
 
 
 
 
 
Amortization of loss
491

 
441

 
1,439

 
1,324

Net change in pension-related amounts
491

 
441

 
1,439

 
1,324

 
 
 
 
 
 
 
 
Other comprehensive income
474

 
438

 
2,108

 
1,223

 
 
 
 
 
 
 
 
Income tax effect on:
 
 
 
 
 
 
 
Change in net unrealized gains (losses) on investment securities
(1
)
 
47

 
(199
)
 
299

Net unrealized (gains) losses reclassified into net income on investment securities
5

 
(46
)
 
15

 
(272
)
Pension-related amounts
(134
)
 
(121
)
 
(394
)
 
(363
)
Income tax provision on other comprehensive income
(130
)
 
(120
)
 
(578
)
 
(336
)
 
 
 
 
 
 
 
 
Other comprehensive income, net of tax
344

 
318

 
1,530

 
887

 
 
 
 
 
 
 
 
Comprehensive income
36,352

 
15,346

 
91,878

 
38,575

 
 
 
 
 
 
 
 
Comprehensive income attributed to non-controlling interest

 
(3,026
)
 
(80
)
 
(657
)
Comprehensive income attributed to Vector Group Ltd.
$
36,352

 
$
12,320

 
$
91,798

 
$
37,918


The accompanying notes are an integral part of the condensed consolidated financial statements.

4



VECTOR GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIENCY
(Dollars in Thousands, Except Share Amounts)
Unaudited
 
Vector Group Ltd. Stockholders' Deficiency
 
 
 
 
 
Additional Paid-In
 
 
 
Accumulated
Other Comprehensive
 
Non-controlling
 
 
 
Common Stock
 
 
Accumulated
 
 
 
 
 
Shares
 
Amount
 
Capital
 
Deficit
 
Loss
 
Interest
 
Total
Balance as of July 1, 2019
140,953,900

 
$
14,095

 
$

 
$
(597,786
)
 
$
(23,493
)
 
$
488

 
$
(606,696
)
Net income

 

 

 
36,008

 

 

 
36,008

Total other comprehensive income

 

 

 

 
344

 

 
344

Distributions and dividends on common stock ($0.38 per share)

 

 
(414
)
 
(58,310
)
 

 

 
(58,724
)
Surrender of shares in connection with restricted stock vesting
(200,926
)
 
(19
)
 
(1,934
)
 

 

 

 
(1,953
)
Effect of stock dividend
7,037,087

 
703

 

 
(703
)
 

 

 

Stock-based compensation

 

 
2,348

 

 

 

 
2,348

Balance as of September 30, 2019
147,790,061

 
$
14,779

 
$

 
$
(620,791
)
 
$
(23,149
)
 
$
488

 
$
(628,673
)
 
Vector Group Ltd. Stockholders' Deficiency
 
 
 
 
 
Additional Paid-In
 
 
 
Accumulated
Other Comprehensive
 
Non-controlling
 
 
 
Common Stock
 
 
Accumulated
 
 
 
 
 
Shares
 
Amount
 
Capital
 
Deficit
 
Loss
 
Interest
 
Total
Balance as of July 1, 2018
134,397,090

 
$
13,440

 
$

 
$
(495,637
)
 
$
(18,038
)
 
$
71,516

 
$
(428,719
)
Net income

 

 

 
12,002

 

 
3,026

 
15,028

Total other comprehensive income

 

 

 

 
318

 

 
318

Distributions and dividends on common stock ($0.36 per share)

 

 
1,052

 
(56,896
)
 

 

 
(55,844
)
Surrender of shares in connection with restricted stock vesting
(192,119
)
 
(19
)
 
(3,637
)
 

 

 

 
(3,656
)
Effect of 2018 stock dividend*
6,709,671

 
671

 

 
(671
)
 

 

 

Effect of 2019 stock dividend*
7,045,732

 
705

 

 
(705
)
 

 

 

Stock-based compensation

 

 
2,585

 

 

 

 
2,585

Distributions to non-controlling interest

 

 

 

 

 
(2,162
)
 
(2,162
)
Balance as of September 30, 2018
147,960,374

 
$
14,797

 
$

 
$
(541,907
)
 
$
(17,720
)
 
$
72,380

 
$
(472,450
)
                        
*    Represents the effect of the September 27, 2019 and September 27, 2018 stock dividends on the third quarter 2018 common-stock activity.
The accompanying notes are an integral part of the condensed consolidated financial statements.

5



 
Vector Group Ltd. Stockholders' Deficiency
 
 
 
 
 
 
Additional Paid-In
 
 
 
Accumulated
Other Comprehensive
 
Non-controlling
 
 
 
Common Stock
 
 
Accumulated