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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2011
Share-based Compensation [Abstract] |
Stock Option Plans | Information related to the active plans as of December 31, 2011 is as follows:
Plan Name | Shares Authorized |  | Shares Available for Grant
Employee Plans |  |  |
PulteGroup, Inc. 2004 Stock Incentive Plan | 22,000,000 |  |  | 7,935,519 |
PulteGroup, Inc. 2002 Stock Incentive Plan | 12,000,000 |  |  | 64,655 |
Stock option activity rollforward | A summary of stock option activity for the three years ended December 31, 2011 is presented below (000’s omitted except per share data):
| 2011 |  | 2010 |  | 2009
| Shares |  | Weighted- Average Per Share Exercise Price |  | Shares |  | Weighted- Average Per Share Exercise Price |  | Shares |  | Weighted- Average Per Share Exercise Price
Outstanding, beginning of year | 24,004 |  |  | $ | 21 |  |  | 26,193 |  |  | $ | 21 |  |  | 20,059 |  |  | $ | 19 |
Granted (a) | 441 |  |  | $ | 8 |  |  | 1,128 |  |  | $ | 11 |  |  | 8,235 |  |  | $ | 27 |
Exercised | — |  |  | $ | — |  |  | (902 | ) |  | $ | 10 |  |  | (756 | ) |  | $ | 6 |
Forfeited | (2,804 | ) |  | $ | 15 |  |  | (2,415 | ) |  | $ | 21 |  |  | (1,345 | ) |  | $ | 45 |
Outstanding, end of year | 21,641 |  |  | $ | 21 |  |  | 24,004 |  |  | $ | 21 |  |  | 26,193 |  |  | $ | 21 |
Options exercisable at year end | 18,845 |  |  | $ | 23 |  |  | 19,400 |  |  | $ | 23 |  |  | 20,336 |  |  | $ | 23 |
Weighted-average per share fair value of options granted during the year | $ | 4.46 |  |  |  |  | $ | 6.43 |  |  |  |  | $ | 2.19 |  |  |
(a) | 2009 includes 5.3 million options issued in conjunction with the Centex merger.
Stock options weighted-average remaining contractual lives | The following table summarizes information about the weighted-average remaining contractual lives of stock options outstanding and exercisable at December 31, 2011:
| Options Outstanding |  | Options Exercisable
| Number Outstanding (000's omitted) |  | Weighted- Average Remaining Contract Life (in years) |  | Weighted- Average Per Share Exercise Price |  | Number Exercisable (000's omitted) |  | Weighted- Average Per Share Exercise Price
$0.01 to $11.00 | 2,683 |  |  | 6.5 |  |  | $ | 10 |  |  | 2,242 |  |  | $ | 11 |
$11.01 to $18.00 | 8,314 |  |  | 4.9 |  |  | $ | 12 |  |  | 5,959 |  |  | $ | 12 |
$18.01 to $25.00 | 3,830 |  |  | 1.9 |  |  | $ | 22 |  |  | 3,830 |  |  | $ | 22 |
$25.01 to $35.00 | 3,949 |  |  | 3.9 |  |  | $ | 31 |  |  | 3,949 |  |  | $ | 31 |
$35.01 to $60.00 | 2,865 |  |  | 3.1 |  |  | $ | 44 |  |  | 2,865 |  |  | $ | 44 |
| 21,641 |  |  | 4.1 |  |  | $ | 21 |  |  | 18,845 |  |  | $ | 23 |
Stock options weighted-average assumptions | The fair value of each option grant is estimated on the date of grant using primarily the Black-Scholes option pricing model with the following weighted-average assumptions:
| Weighted-Average Assumptions Year Ended December 31,
| 2011 |  | 2010 |  | 2009
Expected life of options in years | 6.2 |  |  | 6.0 |  |  | 3.1 |
Expected stock price volatility | 58 | % |  | 58 | % |  | 60 | %
Expected dividend yield | 0.0 | % |  | 0.0 | % |  | 0.0 | %
Risk-free interest rate | 2.7 | % |  | 2.7 | % |  | 1.2 | %
Restricted stock activity rollforward | A summary of restricted stock activity for the three years ended December 31, 2011 is presented below (000’s omitted, except per share data):
| 2011 |  | 2010 |  | 2009
| Shares |  | Weighted- Average Per Share Grant Date Fair Value |  | Shares |  | Weighted- Average Per Share Grant Date Fair Value |  | Shares |  | Weighted- Average Per Share Grant Date Fair Value
Non-vested at beginning of year | 2,775 |  |  | $ | 12 |  |  | 3,539 |  |  | $ | 16 |  |  | 3,932 |  |  | $ | 23 |
Granted | 1,032 |  |  | $ | 8 |  |  | 1,552 |  |  | $ | 11 |  |  | 2,182 |  |  | $ | 12 |
Vested | (1,242 | ) |  | $ | 13 |  |  | (1,541 | ) |  | $ | 21 |  |  | (1,957 | ) |  | $ | 25 |
Forfeited | (243 | ) |  | $ | 11 |  |  | (775 | ) |  | $ | 12 |  |  | (618 | ) |  | $ | 14 |
Non-vested at end of year | 2,322 |  |  | $ | 10 |  |  | 2,775 |  |  | $ | 12 |  |  | 3,539 |  |  | $ | 16 |
Share unit (performance shares and RSUs) activity rollforward | A summary of share unit (performance shares and RSUs) activity for the three years ended December 31, 2011 is presented below (000’s omitted, except per share data):
| 2011 |  | 2010 |  | 2009
| Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value
Outstanding, beginning of year | 140 |  |  | $ | 12 |  |  | 123 |  |  | $ | 12 |  |  | — |  |  | $ | — |
Granted | 772 |  |  | $ | 7 |  |  | 133 |  |  | $ | 12 |  |  | 632 |  |  | $ | 12 |
Forfeited | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | (269 | ) |  | $ | 12 |
Distributed | (192 | ) |  | $ | 9 |  |  | (116 | ) |  | $ | 12 |  |  | (240 | ) |  | $ | 12 |
Outstanding, end of year | 720 |  |  | $ | 7 |  |  | 140 |  |  | $ | 12 |  |  | 123 |  |  | $ | 12 |
Vested, end of year | 120 |  |  | $ | 11 |  |  | 140 |  |  | $ | 12 |  |  | 123 |  |  | $ | 12 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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