On the Record · Vector Group
Vector Group layoffs, on the record
Every job cut, severance charge and restructuring Vector Group reported in its annual reports, 2021 to 2023, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring charges of $3,382 thousand within Douglas Elliman's discontinued operations for 2020.
Word for word“Net loss on sales of asset — 1,169 — Impairments of goodwill and intangible assets — 58,252 — Restructuring charges — 3,382 — Operating income (loss) 101,447 ( 49,285 ) ( 3,480 ) Other income (expenses): Interest expense ( 164 ) ( 263 ) ( 905 ) Equity in (losses) earnings from real estate ventures ( 278 ) 30 8,472 Other, net ( 870 ) 3,190 4,726 Pretax income (loss) from discontinued operations 100,135 ( 46,328 ) 8,813 Income tax expense 28,016 ( 12,344 ) 1,728 Income (loss) from discontinued operations 72,119 ( 33,984 ) 7,085 Net loss from discontinued operations attributed to non-controlling interest 190 — — Net income (loss) from discontinued operations attributed to Vector Group Ltd. $ 72,309 $ ( 33,984 ) $ 7,085 The following table presents the information regarding certain components of cash flows from discontinued operations: Year Ended December 31, 2021 2020 2019 (Dollars in thousands, except per share amounts) Depreciation and amortization $ 8,561 $ 8,537 $ 8,638 Non-cash lease expense 18,667 17,326 17,973 Capital expenditures ( 4,106 ) ( 6,126 ) ( 8,079 ) F-25 Table of Contents VECTOR GROUP LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 7.” 10-K for 2021
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2016-12-31 | — | $41,000 |
| 2017-12-31 | — | $0 |
| 2018-12-31 | — | $0 |
| 2020-12-31 | $1.9 million | $2.2 million |
Vector Group filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Vector Group’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.