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Stock Compensation Plans (Tables)
 12 Months Ended
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