000005944012/312021Q2FALSE00000594402021-01-012021-06-30xbrli:shares00000594402021-08-03iso4217:USD00000594402021-06-3000000594402020-12-31iso4217:USDxbrli:shares0000059440vgr:TobaccoSegmentMember2021-04-012021-06-300000059440vgr:TobaccoSegmentMember2020-04-012020-06-300000059440vgr:TobaccoSegmentMember2021-01-012021-06-300000059440vgr:TobaccoSegmentMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMember2020-01-012020-06-3000000594402021-04-012021-06-3000000594402020-04-012020-06-3000000594402020-01-012020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2020-01-012020-06-300000059440us-gaap:CommonStockMember2021-03-310000059440us-gaap:AdditionalPaidInCapitalMember2021-03-310000059440us-gaap:RetainedEarningsMember2021-03-310000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000059440us-gaap:NoncontrollingInterestMember2021-03-3100000594402021-03-310000059440us-gaap:RetainedEarningsMember2021-04-012021-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000059440us-gaap:CommonStockMember2021-04-012021-06-300000059440us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300000059440us-gaap:CommonStockMember2021-06-300000059440us-gaap:AdditionalPaidInCapitalMember2021-06-300000059440us-gaap:RetainedEarningsMember2021-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300000059440us-gaap:NoncontrollingInterestMember2021-06-300000059440us-gaap:CommonStockMember2020-03-310000059440us-gaap:AdditionalPaidInCapitalMember2020-03-310000059440us-gaap:RetainedEarningsMember2020-03-310000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310000059440us-gaap:NoncontrollingInterestMember2020-03-3100000594402020-03-310000059440us-gaap:RetainedEarningsMember2020-04-012020-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300000059440us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300000059440us-gaap:CommonStockMember2020-04-012020-06-300000059440us-gaap:CommonStockMember2020-06-300000059440us-gaap:AdditionalPaidInCapitalMember2020-06-300000059440us-gaap:RetainedEarningsMember2020-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300000059440us-gaap:NoncontrollingInterestMember2020-06-3000000594402020-06-300000059440us-gaap:CommonStockMember2020-12-310000059440us-gaap:AdditionalPaidInCapitalMember2020-12-310000059440us-gaap:RetainedEarningsMember2020-12-310000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000059440us-gaap:NoncontrollingInterestMember2020-12-310000059440us-gaap:RetainedEarningsMember2021-01-012021-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300000059440us-gaap:CommonStockMember2021-01-012021-06-300000059440us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300000059440us-gaap:CommonStockMember2019-12-310000059440us-gaap:AdditionalPaidInCapitalMember2019-12-310000059440us-gaap:RetainedEarningsMember2019-12-310000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000059440us-gaap:NoncontrollingInterestMember2019-12-3100000594402019-12-310000059440srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310000059440srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000059440us-gaap:RetainedEarningsMember2020-01-012020-06-300000059440us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300000059440us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300000059440us-gaap:CommonStockMember2020-01-012020-06-300000059440us-gaap:NoncontrollingInterestMember2020-01-012020-06-30xbrli:pure0000059440us-gaap:ConvertibleDebtMembervgr:A55VariableInterestSeniorConvertibleDebenturesDue2020Member2020-06-300000059440us-gaap:RestrictedStockMember2021-04-012021-06-300000059440us-gaap:RestrictedStockMember2020-04-012020-06-300000059440us-gaap:RestrictedStockMember2021-01-012021-06-300000059440us-gaap:RestrictedStockMember2020-01-012020-06-300000059440us-gaap:ConvertibleDebtSecuritiesMember2021-04-012021-06-300000059440us-gaap:ConvertibleDebtSecuritiesMember2020-04-012020-06-300000059440us-gaap:ConvertibleDebtSecuritiesMember2021-01-012021-06-300000059440us-gaap:ConvertibleDebtSecuritiesMember2020-01-012020-06-3000000594402020-01-012020-12-310000059440vgr:RealEstateSegmentMemberus-gaap:EmployeeSeveranceMember2019-12-310000059440vgr:RealEstateSegmentMemberus-gaap:OtherRestructuringMember2019-12-310000059440vgr:RealEstateSegmentMembervgr:NonCashLossOnFixedAssetsMember2019-12-310000059440vgr:RealEstateSegmentMember2019-12-310000059440vgr:RealEstateSegmentMemberus-gaap:EmployeeSeveranceMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OtherRestructuringMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NonCashLossOnFixedAssetsMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:EmployeeSeveranceMember2020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OtherRestructuringMember2020-06-300000059440vgr:RealEstateSegmentMembervgr:NonCashLossOnFixedAssetsMember2020-06-300000059440vgr:RealEstateSegmentMember2020-06-300000059440vgr:TobaccoMembervgr:CoreDiscountBrandsEagle20sPyramidMontegoGrandPrixLiggettSelectAndEveMember2021-04-012021-06-300000059440vgr:TobaccoMembervgr:CoreDiscountBrandsEagle20sPyramidMontegoGrandPrixLiggettSelectAndEveMember2020-04-012020-06-300000059440vgr:TobaccoMembervgr:CoreDiscountBrandsEagle20sPyramidMontegoGrandPrixLiggettSelectAndEveMember2021-01-012021-06-300000059440vgr:TobaccoMembervgr:CoreDiscountBrandsEagle20sPyramidMontegoGrandPrixLiggettSelectAndEveMember2020-01-012020-06-300000059440vgr:OtherBrandsMembervgr:TobaccoMember2021-04-012021-06-300000059440vgr:OtherBrandsMembervgr:TobaccoMember2020-04-012020-06-300000059440vgr:OtherBrandsMembervgr:TobaccoMember2021-01-012021-06-300000059440vgr:OtherBrandsMembervgr:TobaccoMember2020-01-012020-06-300000059440vgr:TobaccoMember2021-04-012021-06-300000059440vgr:TobaccoMember2020-04-012020-06-300000059440vgr:TobaccoMember2021-01-012021-06-300000059440vgr:TobaccoMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:SoutheastMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:CommissionandOtherBrokerageIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:DevelopmentMarketingMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:DevelopmentMarketingMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:DevelopmentMarketingMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:PropertyManagementIncomeMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMembervgr:SoutheastMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:PropertyManagementIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:EscrowAndTitleFeesMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:EscrowAndTitleFeesMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:EscrowAndTitleFeesMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:TotalDouglasEllimanRealityRevenueMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMembervgr:SoutheastMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:TotalDouglasEllimanRealityRevenueMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2021-04-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-04-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:NortheastMembervgr:RealEstateSegmentMember2021-04-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:SoutheastMember2021-04-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:WestMember2021-04-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-04-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:SoutheastMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:CommissionandOtherBrokerageIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:DevelopmentMarketingMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:DevelopmentMarketingMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:DevelopmentMarketingMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:PropertyManagementIncomeMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMembervgr:SoutheastMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:PropertyManagementIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:EscrowAndTitleFeesMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:EscrowAndTitleFeesMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:EscrowAndTitleFeesMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:TotalDouglasEllimanRealityRevenueMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMembervgr:SoutheastMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:TotalDouglasEllimanRealityRevenueMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2020-04-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-04-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:NortheastMembervgr:RealEstateSegmentMember2020-04-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:SoutheastMember2020-04-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:WestMember2020-04-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-04-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:SoutheastMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:CommissionandOtherBrokerageIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:DevelopmentMarketingMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:DevelopmentMarketingMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:DevelopmentMarketingMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:PropertyManagementIncomeMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMembervgr:SoutheastMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:PropertyManagementIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:EscrowAndTitleFeesMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:EscrowAndTitleFeesMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:EscrowAndTitleFeesMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:TotalDouglasEllimanRealityRevenueMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMembervgr:SoutheastMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:TotalDouglasEllimanRealityRevenueMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2021-01-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-01-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:NortheastMembervgr:RealEstateSegmentMember2021-01-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:SoutheastMember2021-01-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:WestMember2021-01-012021-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2021-01-012021-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:WestMember2021-01-012021-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMembervgr:SoutheastMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:CommissionandOtherBrokerageIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:CommissionandOtherBrokerageIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:DevelopmentMarketingMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:DevelopmentMarketingMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:DevelopmentMarketingMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:DevelopmentMarketingMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:PropertyManagementIncomeMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMembervgr:SoutheastMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:PropertyManagementIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:PropertyManagementIncomeMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:EscrowAndTitleFeesMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMembervgr:EscrowAndTitleFeesMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:EscrowAndTitleFeesMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:EscrowAndTitleFeesMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:TotalDouglasEllimanRealityRevenueMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMembervgr:SoutheastMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMembervgr:TotalDouglasEllimanRealityRevenueMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:TotalDouglasEllimanRealityRevenueMember2020-01-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-01-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:NortheastMembervgr:RealEstateSegmentMember2020-01-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:SoutheastMember2020-01-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMembervgr:WestMember2020-01-012020-06-300000059440vgr:OtherRealEstateRevenuesMembervgr:RealEstateSegmentMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMember2020-01-012020-06-300000059440vgr:NortheastMembervgr:RealEstateSegmentMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:SoutheastMember2020-01-012020-06-300000059440vgr:RealEstateSegmentMembervgr:WestMember2020-01-012020-06-300000059440vgr:RealEstateBrokerAgentReceivablesMember2021-06-300000059440vgr:RealEstateBrokerAgentReceivablesMember2020-12-31vgr:loan0000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-12-310000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440vgr:RealEstateBrokerAgentReceivablesMember2021-01-012021-06-300000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440vgr:RealEstateBrokerAgentReceivablesMember2019-12-310000059440vgr:RealEstateBrokerAgentReceivablesMember2020-01-012020-06-300000059440vgr:RealEstateBrokerAgentReceivablesMember2020-06-300000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2019-12-310000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440vgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-06-300000059440us-gaap:EquipmentMember2021-06-300000059440us-gaap:EquipmentMember2020-12-310000059440vgr:LeafTobaccoMember2021-06-300000059440vgr:OtherRawMaterialsMember2021-06-300000059440vgr:WorkinProcessMember2021-06-300000059440vgr:FinishedGoodsMember2021-06-300000059440vgr:LeafTobaccoMember2020-12-310000059440vgr:OtherRawMaterialsMember2020-12-310000059440vgr:WorkinProcessMember2020-12-310000059440vgr:FinishedGoodsMember2020-12-310000059440us-gaap:InventoriesMember2021-06-300000059440us-gaap:InventoriesMember2020-12-310000059440vgr:LiggettMemberus-gaap:InventoriesMember2021-01-012021-06-300000059440vgr:MarketableEquitySecuritiesMember2021-06-300000059440vgr:MarketableEquitySecuritiesMember2020-12-310000059440us-gaap:FixedIncomeFundsMember2021-06-300000059440us-gaap:FixedIncomeFundsMember2020-12-310000059440vgr:MarketableDebtSecuritiesMember2021-06-300000059440us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-06-300000059440us-gaap:CorporateDebtSecuritiesMember2021-06-300000059440us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-06-300000059440us-gaap:CommercialPaperMember2021-06-300000059440us-gaap:ForeignGovernmentDebtSecuritiesMember2021-06-300000059440vgr:MarketableDebtSecuritiesMember2020-12-310000059440vgr:NewValleyVenturesLLCMemberus-gaap:ConvertibleDebtSecuritiesMembervgr:PropTechMembersrt:AffiliatedEntityMember2021-06-30vgr:venture0000059440vgr:NewValleyVenturesLLCMembervgr:PropTechMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-06-300000059440us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-01-012021-06-300000059440us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2020-01-012020-06-300000059440vgr:HedgeFundsEquityMethodInvestmentMember2021-06-300000059440vgr:HedgeFundsEquityMethodInvestmentMember2020-12-310000059440srt:MinimumMember2021-06-300000059440srt:MaximumMember2021-06-300000059440vgr:LadenburgThalmannFinancialServicesInc.Memberus-gaap:EquityMethodInvesteeMemberus-gaap:CommonStockMembervgr:LTSCommonStockMember2020-02-142020-02-140000059440vgr:LadenburgThalmannFinancialServicesInc.Memberus-gaap:EquityMethodInvesteeMemberus-gaap:CommonStockMembervgr:LTSCommonStockMember2020-02-140000059440vgr:LTSPreferredMembervgr:LadenburgThalmannFinancialServicesInc.Memberus-gaap:EquityMethodInvesteeMemberus-gaap:RedeemablePreferredStockMember2020-03-310000059440vgr:LTSPreferredMembervgr:LadenburgThalmannFinancialServicesInc.Memberus-gaap:EquityMethodInvesteeMemberus-gaap:RedeemablePreferredStockMember2020-03-012020-03-310000059440vgr:HedgeFundsEquityMethodInvestmentMember2021-04-012021-06-300000059440vgr:HedgeFundsEquityMethodInvestmentMember2020-04-012020-06-300000059440vgr:HedgeFundsEquityMethodInvestmentMember2021-01-012021-06-300000059440vgr:HedgeFundsEquityMethodInvestmentMember2020-01-012020-06-300000059440vgr:LadenburgThalmannFinancialServicesInc.Member2021-04-012021-06-300000059440vgr:LadenburgThalmannFinancialServicesInc.Member2020-04-012020-06-300000059440vgr:LadenburgThalmannFinancialServicesInc.Member2021-01-012021-06-300000059440vgr:LadenburgThalmannFinancialServicesInc.Member2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:MinimumMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-06-300000059440srt:MaximumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:MinimumMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-06-300000059440srt:MaximumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:MinimumMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-06-300000059440srt:MaximumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembersrt:MinimumMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440srt:MaximumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ApartmentBuildingMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonUsMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembersrt:HotelMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewYorkCityStandardMetropolitanStatisticalAreaMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembervgr:AllOtherU.S.AreasExcludingNewYorkCityStandardMetropolitanStatisticalAreaMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:RetailSiteMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:OtherPropertyMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMember2020-04-012020-06-300000059440vgr:DouglasEllimanRealtyLlcMember2021-01-012021-06-300000059440vgr:DouglasEllimanRealtyLlcMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMemberus-gaap:UnconsolidatedPropertiesMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMemberus-gaap:UnconsolidatedPropertiesMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMemberus-gaap:UnconsolidatedPropertiesMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:MultifamilyMembersrt:AffiliatedEntityMemberus-gaap:UnconsolidatedPropertiesMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:TownhomeAMember2021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:TownhomeAMember2020-12-310000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2021-04-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2020-04-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2021-01-012021-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:EscenaMember2020-01-012020-06-300000059440us-gaap:VariableInterestEntityPrimaryBeneficiaryMembervgr:NewValleyLlcMembersrt:AffiliatedEntityMembervgr:TownhomeAMember2021-04-012021-04-300000059440us-gaap:SeniorNotesMembervgr:A575SeniorSecuredNotesDue2029Member2021-06-300000059440us-gaap:SeniorNotesMembervgr:A575SeniorSecuredNotesDue2029Member2020-12-310000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2021-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2020-12-310000059440vgr:A10.5SeniorNotesdue2026Memberus-gaap:ConvertibleDebtMember2021-06-300000059440vgr:A10.5SeniorNotesdue2026Memberus-gaap:ConvertibleDebtMember2020-12-310000059440vgr:LiggettMemberus-gaap:SecuredDebtMember2021-06-300000059440vgr:LiggettMemberus-gaap:SecuredDebtMember2020-12-310000059440us-gaap:NotesPayableOtherPayablesMember2021-06-300000059440us-gaap:NotesPayableOtherPayablesMember2020-12-310000059440us-gaap:SeniorNotesMembervgr:A575SeniorSecuredNotesDue2029Member2021-01-280000059440us-gaap:SeniorNotesMembervgr:A575SeniorSecuredNotesDue2029Member2021-01-282021-01-280000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2021-02-010000059440us-gaap:SeniorNotesMembervgr:A10.5SeniorNotesdue2026Member2021-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2021-02-012021-02-010000059440vgr:LiggettMemberus-gaap:LineOfCreditMember2021-03-210000059440vgr:LiggettMemberus-gaap:LineOfCreditMember2021-03-220000059440vgr:LiggettMemberus-gaap:LineOfCreditMember2021-06-300000059440vgr:DouglasEllimanNotesPayabletoSellersMemberus-gaap:NotesPayableOtherPayablesMember2021-06-300000059440vgr:DouglasEllimanMember2018-12-310000059440vgr:DouglasEllimanNotesPayabletoSellersMemberus-gaap:NotesPayableOtherPayablesMember2021-01-012021-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2021-04-012021-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2020-04-012020-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2021-01-012021-06-300000059440us-gaap:SeniorNotesMembervgr:A6.125SeniorSecuredNotesdue2025Member2020-01-012020-06-300000059440us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000059440us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000059440us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000059440us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000059440us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:OtherDebtSecuritiesMember2021-06-300000059440us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:OtherDebtSecuritiesMember2021-06-300000059440us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:OtherDebtSecuritiesMember2020-12-310000059440us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:OtherDebtSecuritiesMember2020-12-310000059440us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000059440us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000059440us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000059440us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000059440vgr:LiggettMember2021-01-012021-06-300000059440vgr:LiggettMember2020-01-012020-06-300000059440vgr:LiggettMemberus-gaap:SuretyBondMember2021-06-300000059440vgr:LiggettMembervgr:EngleProgenyCasesMemberstpr:FL2009-06-30vgr:case0000059440vgr:LiggettMembervgr:IndividualActionsCasesMember2021-06-300000059440vgr:LiggettMembervgr:IndividualActionsCasesMemberstpr:FL2021-06-300000059440vgr:LiggettMemberstpr:ILvgr:IndividualActionsCasesMember2021-06-300000059440vgr:LiggettMemberstpr:NVvgr:IndividualActionsCasesMember2021-06-300000059440vgr:LiggettMemberstpr:NMvgr:IndividualActionsCasesMember2021-06-300000059440vgr:LiggettMembervgr:IndividualActionsCasesMemberstpr:LA2021-06-300000059440vgr:LiggettMembervgr:IndividualActionsCasesMemberstpr:HI2021-06-300000059440vgr:EngleProgenyCasesMember1996-11-211996-11-210000059440vgr:EngleProgenyCasesMembervgr:LiggettMember1996-11-211996-11-210000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2021-06-300000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2013-10-012013-10-310000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2015-02-012015-02-280000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2013-10-310000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2016-12-012016-12-310000059440vgr:EngleProgenyCasesMembervgr:LiggettMember2020-01-012020-06-300000059440vgr:EngleProgenyCasesMembervgr:LiggettAndVectorTobaccoMember2021-06-300000059440vgr:LiggettMembervgr:LukacsCampbellDouglasClayTulloWardRizzutoLambertBuchananAndSantoroMember2021-01-012021-06-300000059440vgr:LiggettMemberstpr:MDvgr:IndividualActionsCasesMember2021-06-300000059440vgr:LiggettMember2021-06-300000059440vgr:ClassActionsMembervgr:LiggettMember2021-06-30vgr:defendant0000059440vgr:ParsonsVAcSIncMember2021-06-300000059440vgr:LiggettMembervgr:CrowCreekSiouxTribev.AmericanTobaccoCompanyMember2021-06-30vgr:state0000059440vgr:LiggettMember1996-03-011998-03-310000059440vgr:HealthCareCostRecoveryActionsMember1996-03-011998-03-31vgr:sponsorship0000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMember2021-06-300000059440vgr:HealthCareCostRecoveryActionsMembervgr:VectorTobaccoMember2021-06-300000059440vgr:LiggettAndVectorTobaccoMember2021-01-012021-06-300000059440vgr:LiggettAndVectorTobaccoMembervgr:HealthCareCostRecoveryActionsMember2020-12-302020-12-300000059440vgr:LiggettAndVectorTobaccoMembervgr:HealthCareCostRecoveryActionsMember2021-04-300000059440vgr:HealthCareCostRecoveryActions2003NPMAdjustmentMember2010-06-012010-06-300000059440vgr:HealthCareCostRecoveryActions2003NPMAdjustmentMember2021-06-300000059440vgr:HealthCareCostRecoveryActions2003NPMAdjustmentMember2021-01-012021-06-300000059440vgr:LiggettAndVectorTobaccoMemberus-gaap:CostOfSalesMembervgr:HealthCareCostRecoveryActionsNPMAdjustmentMember2013-01-012020-12-310000059440vgr:LiggettAndVectorTobaccoMemberus-gaap:CostOfSalesMembervgr:HealthCareCostRecoveryActionsNPMAdjustmentMember2021-01-012021-06-300000059440vgr:LiggettAndVectorTobaccoMembervgr:HealthCareCostRecoveryActions20042010NPMAdjustmentMember2021-06-300000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActions20112015NPMAdjustmentMember2021-06-300000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMember1996-03-011998-03-310000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMemberstpr:MN2003-01-012003-12-310000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMemberstpr:FL2010-01-012010-12-310000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMemberstpr:MS2016-01-012016-01-310000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMemberstpr:MS2021-04-012021-04-300000059440vgr:LiggettMembervgr:HealthCareCostRecoveryActionsMemberstpr:MS2021-06-012021-06-300000059440us-gaap:SettledLitigationMember2020-12-310000059440us-gaap:PendingLitigationMember2020-12-310000059440us-gaap:SettledLitigationMember2021-01-012021-06-300000059440us-gaap:PendingLitigationMember2021-01-012021-06-300000059440us-gaap:SettledLitigationMember2021-06-300000059440us-gaap:PendingLitigationMember2021-06-300000059440us-gaap:SettledLitigationMember2019-12-310000059440us-gaap:PendingLitigationMember2019-12-310000059440us-gaap:SettledLitigationMember2020-01-012020-06-300000059440us-gaap:PendingLitigationMember2020-01-012020-06-300000059440us-gaap:SettledLitigationMember2020-06-300000059440us-gaap:PendingLitigationMember2020-06-300000059440vgr:MasterSettlementAgreementIntangibleAssetMember2020-12-310000059440vgr:MasterSettlementAgreementIntangibleAssetMember2021-01-012021-06-300000059440vgr:MasterSettlementAgreementIntangibleAssetMember2021-06-300000059440us-gaap:TrademarksMember2020-12-310000059440us-gaap:TrademarksMember2021-01-012021-06-300000059440us-gaap:TrademarksMember2021-06-300000059440vgr:MasterSettlementAgreementIntangibleAssetMember2019-12-310000059440vgr:MasterSettlementAgreementIntangibleAssetMember2020-01-012020-06-300000059440vgr:MasterSettlementAgreementIntangibleAssetMember2020-06-300000059440us-gaap:TrademarksMember2019-12-310000059440us-gaap:TrademarksMember2020-01-012020-06-300000059440us-gaap:TrademarksMember2020-06-3000000594402020-01-012020-03-310000059440us-gaap:TrademarksMember2020-01-012020-03-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MoneyMarketFundsMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMembervgr:MarketableEquitySecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membervgr:MarketableEquitySecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membervgr:MarketableEquitySecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membervgr:MarketableEquitySecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeFundsMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-06-300000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-06-300000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FixedIncomeSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedIncomeSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleDebtSecuritiesMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMembervgr:CurrentRestrictedAssetsMember2021-06-300000059440vgr:RestrictedAssetsMemberus-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MoneyMarketFundsMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:SuretyBondMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:SuretyBondMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:SuretyBondMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:SuretyBondMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMembervgr:MarketableEquitySecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membervgr:MarketableEquitySecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membervgr:MarketableEquitySecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membervgr:MarketableEquitySecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeFundsMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FixedIncomeSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FixedIncomeSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FixedIncomeSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedIncomeSecuritiesMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMembervgr:CurrentRestrictedAssetsMember2020-12-310000059440vgr:RestrictedAssetsMemberus-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000059440us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440srt:MaximumMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440srt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440srt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:ConvertibleDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440vgr:MonteCarloSimulationModelMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:MeasurementInputRiskFreeInterestRateMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-06-300000059440us-gaap:MeasurementInputRiskFreeInterestRateMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440vgr:MeasurementInputLeverageAdjustedEquityandVolatilityofPeerFirmsMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueInputsLevel3Member2020-12-310000059440vgr:MonteCarloSimulationModelMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:MeasurementInputRiskFreeInterestRateMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-12-310000059440us-gaap:MeasurementInputRiskFreeInterestRateMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440vgr:MeasurementInputLeverageAdjustedEquityandVolatilityofPeerFirmsMembervgr:MonteCarloSimulationModelMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:FairValueMeasurementsNonrecurringMember2021-06-300000059440us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-06-300000059440us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-06-300000059440us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300000059440us-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000059440us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000059440us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000059440us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2021-04-012021-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2021-04-012021-06-300000059440us-gaap:CorporateNonSegmentMember2021-04-012021-06-300000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2020-04-012020-06-300000059440us-gaap:CorporateNonSegmentMember2020-04-012020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-06-300000059440us-gaap:CorporateNonSegmentMember2021-01-012021-06-300000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2021-01-012021-06-300000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2021-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2021-06-300000059440us-gaap:CorporateNonSegmentMember2021-06-300000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2020-01-012020-06-300000059440us-gaap:CorporateNonSegmentMember2020-01-012020-06-300000059440us-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2020-06-300000059440vgr:RealEstateSegmentMemberus-gaap:OperatingSegmentsMember2020-06-300000059440us-gaap:CorporateNonSegmentMember2020-06-300000059440vgr:HealthCareCostRecoveryActionsMemberus-gaap:OperatingSegmentsMembervgr:TobaccoSegmentMember2021-01-012021-06-30

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

For The Quarterly Period Ended June 30, 2021

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

Delaware			1-5759			65-0949535
(State or other jurisdiction of incorporation			Commission File Number			(I.R.S. Employer Identification No.)
incorporation or organization)

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

x Yes o No

x Yes o No

☒

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

☐ Yes x No

			Page
PART I. FINANCIAL INFORMATION
Item 1. Vector Group Ltd. Condensed Consolidated Financial Statements (Unaudited):
Condensed Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020			2
Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2021 and 2020			3
Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2021 and 2020			4
Condensed Consolidated Statements of Stockholders' Deficiency for the three and six months ended June 30, 2021 and 2020			5
Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020			7
Notes to Condensed Consolidated Financial Statements			8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			45
Item 3. Quantitative and Qualitative Disclosures About Market Risk			65
Item 4. Controls and Procedures			65
PART II. OTHER INFORMATION
Item 1. Legal Proceedings			66
Item 1A. Risk Factors			66
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			68
Item 6. Exhibits			69
SIGNATURE			70

			June 30, 2021						December 31, 2020
ASSETS:
Current assets:
Cash and cash equivalents			$	490,390					$	352,842
Investment securities at fair value			157,001						135,585
Accounts receivable - trade, net			51,463						40,711
Inventories			93,161						97,545
Other current assets			46,171						37,220
Total current assets			838,186						663,903
Property, plant and equipment, net			72,804						77,988
Investments in real estate, net			9,608						15,631
Long-term investments (includes $35,534 and $34,218 at fair value)			55,362						52,528
Investments in real estate ventures			76,192						85,400
Operating lease right-of-use assets			138,057						145,356
Goodwill and other intangible assets, net			207,497						207,577
Other assets			98,671						95,026
Total assets			$	1,496,377					$	1,343,409
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt			$	12,558					$	12,557
Current payments due under the Master Settlement Agreement			89,488						38,767
Income taxes payable, net			13,834						5,847
Current operating lease liability			26,625						27,207
Other current liabilities			223,498						198,937
Total current liabilities			366,003						283,315
Notes payable, long-term debt and other obligations, less current portion			1,402,827						1,393,729
Non-current employee benefits			66,829						66,616
Deferred income taxes, net			36,602						32,456
Non-current operating lease liability			144,487						154,199
Payments due under the Master Settlement Agreement			13,224						17,933
Other liabilities			58,450						54,848
Total liabilities			2,088,422						2,003,096
Commitments and contingencies (Note 9)
Stockholders' deficiency:
Preferred stock, par value $1 per share, 10,000,000 shares authorized			—						—
Common stock, par value $0.1 per share, 250,000,000 shares authorized, 154,156,100 and 153,324,629 shares issued and outstanding			15,416						15,332
Additional paid-in capital			5,048						—
Accumulated deficit			(591,911)						(653,945)
Accumulated other comprehensive loss			(20,598)						(21,074)
Total Vector Group Ltd. stockholders' deficiency			(592,045)						(659,687)
Non-controlling interest			—						—
Total stockholders' deficiency			(592,045)						(659,687)
Total liabilities and stockholders' deficiency			$	1,496,377					$	1,343,409

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Revenues:
Tobacco*			$	329,496					$	312,510					$	597,959					$	599,579
Real estate			400,033						133,250						675,334						300,669
Total revenues			729,529						445,760						1,273,293						900,248
Expenses:
Cost of sales:
Tobacco*			206,145						214,067						370,176						411,357
Real estate			294,265						90,818						493,776						204,151
Total cost of sales			500,410						304,885						863,952						615,508
Operating, selling, administrative and general expenses			92,043						71,064						182,057						161,581
Litigation settlement and judgment expense			—						53						5						53
Impairments of goodwill and other intangible assets			—						—						—						58,252
Restructuring charges			—						2,961						—						2,961
Operating income			137,076						66,797						227,279						61,893
Other income (expenses):
Interest expense			(28,115)						(29,358)						(56,866)						(64,985)
Loss on extinguishment of debt			—						—						(21,362)						—
Change in fair value of derivatives embedded within convertible debt			—						1,669						—						4,999
Equity in earnings from investments			941						2,207						1,518						52,359
Equity in earnings (losses) from real estate ventures			16,685						(12,260)						18,274						(18,765)
Other, net			5,578						7,635						8,332						(3,020)
Income before provision for income taxes			132,165						36,690						177,175						32,481
Income tax expense			38,860						10,916						51,913						9,938
Net income			93,305						25,774						125,262						22,543
Net income attributed to non-controlling interest			—						—						—						—
Net income attributed to Vector Group Ltd.			$	93,305					$	25,774					$	125,262					$	22,543
Per basic common share:
Net income applicable to common shares attributed to Vector Group Ltd.			$	0.61					$	0.17					$	0.81					$	0.14
Per diluted common share:
Net income applicable to common shares attributed to Vector Group Ltd.			$	0.61					$	0.16					$	0.81					$	0.14

* Revenues and cost of sales include federal excise taxes of $118,735, $121,170, $216,449, and $234,309 for the three and six months ended June 30, 2021 and 2020, respectively.

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Net income			$	93,305					$	25,774					$	125,262					$	22,543
Net unrealized (losses) gains on investment securities available for sale:
Change in net unrealized (losses) gains			(122)						644						(304)						(20)
Net unrealized losses (gains) reclassified into net income			34						(70)						(7)						433
Net unrealized (losses) gains on investment securities available for sale			(88)						574						(311)						413
Net change in pension-related amounts:
Amortization of loss			481						463						963						927
Other comprehensive income			393						1,037						652						1,340
Income tax effect on:
Change in net unrealized (losses) gains on investment securities			33						(174)						82						6
Net unrealized losses (gains) reclassified into net income on investment securities			(9)						19						2						(117)
Pension-related amounts			(130)						(125)						(260)						(250)
Income tax provision on other comprehensive income			(106)						(280)						(176)						(361)
Other comprehensive income, net of tax			287						757						476						979
Comprehensive income			93,592						26,531						125,738						23,522
Comprehensive income attributed to non-controlling interest			—						—						—						—
Comprehensive income attributed to Vector Group Ltd.			$	93,592					$	26,531					$	125,738					$	23,522

			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 April 1, 2021			154,194,629						$	15,419					$	2,573					$	(653,606)					$	(20,885)											$	—					$	(656,499)
Net income			—						—						—						93,305						—												—						93,305
Total other comprehensive income			—						—						—						—						287												—						287
Dividends on common stock ($0.20 per share)			—						—						—						(31,610)						—												—						(31,610)
Restricted stock grant			3,500						1						(1)						—						—												—						—
Surrender of shares in connection with restricted stock vesting			(42,029)						(4)						(604)						—						—												—						(608)
Stock-based compensation			—						—						3,080						—						—												—						3,080
Balance as of June 30, 2021			154,156,100						$	15,416					$	5,048					$	(591,911)					$	(20,598)											$	—					$	(592,045)

			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 April 1, 2020			148,084,900						$	14,808					$	—					$	(712,221)					$	(21,586)											$	—					$	(718,999)
Net income			—						—						—						25,774						—												—						25,774
Total other comprehensive income			—						—						—						—						757												—						757
Distributions and dividends on common stock ($0.20 per share)			—						—						(54,244)						22,644						—												—						(31,600)
Restricted stock grant			405,000						41						(41)						—						—												—						—
Surrender of shares in connection with restricted stock vesting			(5,423)						(1)						(61)						—						—												—						(62)
Issuance of common stock			5,000,000						500						52,063						—						—												—						52,563
Stock-based compensation			—						—						2,283						—						—												—						2,283
Other			—						—						—						80						—												—						80
Balance as of June 30, 2020			153,484,477						$	15,348					$	—					$	(663,723)					$	(20,829)											$	—					$	(669,204)

			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 January 1, 2021			153,324,629						$	15,332					$	—					$	(653,945)					$	(21,074)											$	—					$	(659,687)
Net income			—						—						—						125,262						—												—						125,262
Total other comprehensive income			—						—						—						—						476												—						476
Dividends on common stock ($0.40 per share)			—						—						—						(63,228)						—												—						(63,228)
Restricted stock grants			873,500						88						(88)						—						—												—						—
Surrender of shares in connection with restricted stock vesting			(42,029)						(4)						(604)						—						—												—						(608)
Stock-based compensation			—						—						5,740						—						—												—						5,740
Balance as of June 30, 2021			154,156,100						$	15,416					$	5,048					$	(591,911)					$	(20,598)											$	—					$	(592,045)

			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 January 1, 2020			148,084,900						$	14,808					$	—					$	(678,464)					$	(21,808)											$	448					$	(685,016)
Impact of adoption of new accounting standards			—						—						—						(2,263)						—												—						(2,263)
Net income			—						—						—						22,543						—												—						22,543
Total other comprehensive income			—						—						—						—						979												—						979
Distributions and dividends on common stock ($0.40 per share)			—						—						(56,502)						(5,619)						—												—						(62,121)
Restricted stock grant			405,000						41						(41)						—						—												—						—
Surrender of shares in connection with restricted stock vesting			(5,423)						(1)						(61)						—						—												—						(62)
Issuance of common stock			5,000,000						500						52,063						—						—												—						52,563
Stock-based compensation			—						—						4,541						—						—												—						4,541
Distributions to non-controlling interest			—						—						—						—						—												(448)						(448)
Other			—						—						—						80						—												—						80
Balance as of June 30, 2020			153,484,477						$	15,348					$	—					$	(663,723)					$	(20,829)											$	—					$	(669,204)

			Six Months Ended						Six Months Ended
			June 30, 2021						June 30, 2020
Net cash provided by operating activities			$	221,300					$	341,329
Cash flows from investing activities:
Sale of investment securities			23,477						19,555
Maturities of investment securities			36,461						31,574
Purchase of investment securities			(74,805)						(16,867)
Proceeds from sale or liquidation of long-term investments			8,009						23,407
Purchase of long-term investments			(6,963)						(5,238)
Investments in real estate ventures			(9,902)						(3,858)
Distributions from investments in real estate ventures			11,163						5,172
Increase in cash surrender value of life insurance policies			(1,348)						(751)
(Increase) decrease in restricted assets			(5)						87
Capital expenditures			(3,055)						(6,242)
Paydowns of investment securities			302						415
Investments in real estate, net			—						(679)
Net cash (used in) provided by investing activities			(16,666)						46,575
Cash flows from financing activities:
Proceeds from issuance of debt			875,000						531
Deferred financing costs			(20,109)						—
Repayments of debt			(856,316)						(172,467)
Borrowings under revolver			7,699						130,641
Repayments on revolver			(7,699)						(165,593)
Dividends and distributions on common stock			(63,738)						(63,478)
Distributions to non-controlling interest			—						(448)
Proceeds from issuance of common stock			—						52,563
Other			(51)						5
Net cash used in financing activities			(65,214)						(218,246)
Net increase in cash, cash equivalents and restricted cash			139,420						169,658
Cash, cash equivalents and restricted cash, beginning of period			365,677						379,476
Cash, cash equivalents and restricted cash, end of period			$	505,097					$	549,134

1.     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, 2020 filed with the Securities and Exchange Commission (“SEC”). The consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year.

(b)Distributions and Dividends on Common Stock:

(c)Earnings Per Share (“EPS”):

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Net income attributed to Vector Group Ltd.			$	93,305					$	25,774					$	125,262					$	22,543
Income attributed to participating securities			(952)						(707)						(1,686)						(1,268)
Net income applicable to common shares attributed to Vector Group Ltd.			$	92,353					$	25,067					$	123,576					$	21,275

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Net income attributed to Vector Group Ltd.			$	93,305					$	25,774					$	125,262					$	22,543
Income attributable to 5.50% Variable Interest Senior Convertible Notes			—						(375)						—						—
Income attributed to participating securities			(952)						(707)						(1,686)						(1,268)
Net income applicable to common shares attributed to Vector Group Ltd.			$	92,353					$	24,692					$	123,576					$	21,275

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Weighted-average shares for basic EPS			152,285,182						149,379,306						152,267,410						148,189,710
Plus incremental shares related to convertible debt			—						1,379,454						—						—
Plus incremental shares related to stock options and non-vested restricted stock			282,313						88,100						206,381						85,701
Weighted-average shares for diluted EPS			152,567,495						150,846,860						152,473,791						148,275,411

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Weighted-average shares of non-vested restricted stock			—						625,122						—						625,122
Weighted-average expense per share			$	—					$	19.54					$	—					$	19.54
Weighted-average number of shares issuable upon conversion of debt			—						—						—						4,874,072
Weighted-average conversion price			$	—					$	—					$	—					$	20.27

(d)Restructuring:

			Three Months Ended						Six Months Ended
			June 30, 2020						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
Total restructuring charges			$	2,961					$	2,961

			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:

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

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:

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Interest and dividend income			$	525					$	968					$	1,136					$	3,648
Net gains (losses) recognized on investment securities			8,469						4,781						10,918						(7,459)
Net periodic benefit cost other than the service costs			(243)						(454)						(487)						(909)
Credit loss income (expense)			—						1,128						—						(432)
Other (expense) income			(3,173)						1,212						(3,235)						2,132
Other, net			$	5,578					$	7,635					$	8,332					$	(3,020)

(g)Other Assets:

			June 30, 2021						December 31, 2020
Restricted assets			$	4,170					$	3,456
Prepaid pension costs			35,751						35,209
Contract assets, net			23,538						24,002
Other assets			35,212						32,359
Total other assets			$	98,671					$	95,026

(h)Other Current Liabilities:

			June 30, 2021						December 31, 2020
Accounts payable			$	10,718					$	12,846
Accrued promotional expenses			49,269						45,579
Accrued excise and payroll taxes payable, net			22,973						13,849
Accrued interest			30,998						31,624
Commissions payable			38,832						25,615
Accrued salaries and benefits			25,517						27,104
Contract liabilities			7,507						7,633
Allowance for sales returns			7,414						7,356
Other current liabilities			30,270						27,331
Total other current liabilities			$	223,498					$	198,937

(i)Reconciliation of Cash, Cash Equivalents and Restricted Cash:

			June 30, 2021						December 31, 2020
Cash and cash equivalents			$	490,390					$	352,842
Restricted cash and cash equivalents included in other current assets			11,364						10,374
Restricted cash and cash equivalents included in other assets			3,343						2,461
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows			$	505,097					$	365,677