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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2012
Share-based Compensation [Abstract] |
Stock Option Plans | Information related to the active plan as of December 31, 2012 is as follows:
Plan Name | Shares Authorized |  | Shares Available for Grant
PulteGroup, Inc. 2004 Stock Incentive Plan | 22,000,000 |  |  | 6,725,123 |
Stock compensation expense by plan type | Our stock compensation expense for the three years ended December 31, 2012 is presented below ($000's omitted):
| 2012 |  | 2011 |  | 2010
Stock options | $ | 2,617 |  |  | $ | 5,228 |  |  | $ | 15,030 |
Restricted stock | 8,919 |  |  | 11,231 |  |  | 17,051 |
Performance shares and RSUs | 1,158 |  |  | — |  |  | — |
Long-term incentive plans | 10,203 |  |  | 511 |  |  | — |
| $ | 22,897 |  |  | 16,970 |  |  | 32,081 |
Stock option activity rollforward | A summary of stock option activity for the three years ended December 31, 2012 is presented below (000’s omitted except per share data):
| 2012 |  | 2011 |  | 2010
| 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 | 21,641 |  |  | $ | 21 |  |  | 24,004 |  |  | $ | 21 |  |  | 26,193 |  |  | $ | 21 |
Granted | — |  |  | $ | — |  |  | 441 |  |  | $ | 8 |  |  | 1,128 |  |  | $ | 11 |
Exercised | (2,877 | ) |  | $ | 11 |  |  | — |  |  | $ | — |  |  | (902 | ) |  | $ | 10 |
Forfeited | (1,616 | ) |  | $ | 27 |  |  | (2,804 | ) |  | $ | 15 |  |  | (2,415 | ) |  | $ | 21 |
Outstanding, end of year | 17,148 |  |  | $ | 22 |  |  | 21,641 |  |  | $ | 21 |  |  | 24,004 |  |  | $ | 21 |
Options exercisable at year end | 15,719 |  |  | $ | 23 |  |  | 18,845 |  |  | $ | 23 |  |  | 19,400 |  |  | $ | 23 |
Weighted-average per share fair value of options granted during the year | $ | — |  |  |  |  | $ | 4.46 |  |  |  |  | $ | 6.43 |  |  |
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, 2012:
| 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 | 2,504 |  |  | 5.5 |  | $ | 10 |  |  | 2,063 |  |  | $ | 11 |
$11.01 to $18.00 | 4,989 |  |  | 6.4 |  | $ | 12 |  |  | 4,001 |  |  | $ | 12 |
$18.01 to $25.00 | 3,271 |  |  | 1.1 |  | $ | 22 |  |  | 3,271 |  |  | $ | 22 |
$25.01 to $35.00 | 3,894 |  |  | 3.0 |  | $ | 31 |  |  | 3,894 |  |  | $ | 31 |
$35.01 to $60.00 | 2,490 |  |  | 2.5 |  | $ | 42 |  |  | 2,490 |  |  | $ | 42 |
| 17,148 |  |  | 3.9 |  | $ | 22 |  |  | 15,719 |  |  | $ | 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,
| 2012 |  | 2011 |  | 2010
Expected life of options in years | N/A |  | 6.2 |  |  | 6.0 |
Expected stock price volatility | N/A |  | 58 | % |  | 58 | %
Expected dividend yield | N/A |  | 0.0 | % |  | 0.0 | %
Risk-free interest rate | N/A |  | 2.7 | % |  | 2.7 | %
Restricted stock activity rollforward | A summary of restricted stock activity for the three years ended December 31, 2012 is presented below (000’s omitted, except per share data):
| 2012 |  | 2011 |  | 2010
| 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 | 2,322 |  |  | $ | 10 |  |  | 2,775 |  |  | $ | 12 |  |  | 3,539 |  |  | $ | 16 |
Granted | 1,154 |  |  | $ | 9 |  |  | 1,032 |  |  | $ | 8 |  |  | 1,552 |  |  | $ | 11 |
Vested | (333 | ) |  | $ | 11 |  |  | (1,242 | ) |  | $ | 13 |  |  | (1,541 | ) |  | $ | 21 |
Forfeited | (137 | ) |  | $ | 10 |  |  | (243 | ) |  | $ | 11 |  |  | (775 | ) |  | $ | 12 |
Non-vested at end of year | 3,006 |  |  | $ | 9 |  |  | 2,322 |  |  | $ | 10 |  |  | 2,775 |  |  | $ | 12 |
Share unit (performance shares and RSUs) activity rollforward | A summary of performance share activity for the three years ended December 31, 2012 is presented below (000’s omitted, except per share data):
| 2012 |  | 2011 |  | 2010
| 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 | 720 |  |  | $ | 7 |  |  | 140 |  |  | $ | 12 |  |  | 123 |  |  | $ | 12 |
Granted | 308 |  |  | $ | 13 |  |  | 772 |  |  | $ | 7 |  |  | 133 |  |  | $ | 12 |
Forfeited | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Distributed | (211 | ) |  | $ | 10 |  |  | (192 | ) |  | $ | 9 |  |  | (116 | ) |  | $ | 12 |
Outstanding, end of year | 817 |  |  | $ | 8 |  |  | 720 |  |  | $ | 7 |  |  | 140 |  |  | $ | 12 |
Vested, end of year | 51 |  |  | $ | 10 |  |  | 120 |  |  | $ | 11 |  |  | 140 |  |  | $ | 12 |

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