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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Summary of Compensation Expense Recognized Related to all Stock-Based Awards | The following table presents compensation expense recognized related to all stock-based awards (in thousands):
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Total stock-based compensation |  | $ | 7,679 |  |  | $ | 5,002 |  |  | $ | 3,854 |
Summary of Stock Option Awards | The following table presents a summary of stock option awards for the year ended December 31, 2014:
|  |  |  | 2014 |
|  |  |  |  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |
|  |  |  |  |  |  |  | Average |  |  | Average |  |  | Aggregate |
|  |  |  |  |  |  |  | Exercise |  |  | Remaining |  |  | Intrinsic |
|  |  |  |  |  |  |  | Price |  |  | Contractual |  |  | Value |
|  |  |  | Options |  |  | Per Share |  |  | Life |  |  | (in 000's) |
Options outstanding at December 31, 2013 (1) |  |  |  |  | 285,900 |  |  | $ | 17.04 |  |  |  | 9.1 |  |  | $ | 827 |
Granted |  |  |  |  | 154,598 |  |  |  | 16.17 |  |  |  | 9.3 |  |  |  | — |
Assumed in the Merger |  |  |  |  | 3,379,275 |  |  |  | 12.62 |  |  |  | 5.9 |  |  |  | 8,885 |
Exercised |  |  |  |  | (15,229 | ) |  |  | 11.34 |  |  |  |  |  |  |  |  |
Forfeited |  |  |  |  | (481,995 | ) |  |  | 13.24 |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2014 |  |  |  |  | 3,322,549 |  |  |  | 13.08 |  |  |  | 6.0 |  |  |  | 7,841 |
Options exercisable at December 31, 2014 |  |  |  |  | 1,813,003 |  |  |  | 12.27 |  |  |  | 4.0 |  |  |  | 5,573 |
(1) | Options outstanding at December 31, 2013 reflect outstanding options for the legal acquirer, TRI Pointe.
Summary of Fair Value of Stock Option Awards | The fair value of stock option awards assumed in the Merger was determined by using an option-based model with the following assumptions:
|  | 2014 Grants |  |  | 2013 Grants |  |  | 2012 Grants |  |  | 2011 Grants |
Dividend yield |  |  | 2.92 | % |  |  | 2.23 | % |  |  | 2.94 | % |  |  | 2.48 | %
Expected volatility |  |  | 31.71 | % |  |  | 38.00 | % |  |  | 40.41 | % |  |  | 38.56 | %
Risk-free interest rate |  |  | 1.57 | % |  |  | 0.92 | % |  |  | 1.01 | % |  |  | 2.65 | %
Expected life (in years) |  |  | 4.97 |  |  |  | 4.97 |  |  |  | 5.33 |  |  |  | 5.73 |
Summary of Restricted Stock Units | The following table presents a summary of restricted stock units (“RSUs”) for the year ended December 31, 2014:
|  |  |  | 2014 |
|  |  |  |  |  |  |  | Weighted |  |  |  |  |
|  |  |  |  |  |  |  | Average |  |  | Aggregate |
|  |  |  | Restricted |  |  | Grant Date |  |  | Intrinsic |
|  |  |  | Stock |  |  | Fair Value |  |  | Value |
|  |  |  | Units |  |  | Per Share |  |  | (in 000's) |
Nonvested RSUs at December 31, 2013(1) |  |  |  |  | 145,517 |  |  | $ | 17.68 |  |  | $ | 2,900 |
Granted |  |  |  |  | 274,287 |  |  |  | 15.33 |  |  |  | 4,183 |
Assumed in the Merger |  |  |  |  | 726,678 |  |  |  | 15.74 |  |  |  | 11,082 |
Vested |  |  |  |  | (59,326 | ) |  |  | 15.85 |  |  |  |  |
Forfeited |  |  |  |  | (204,447 | ) |  |  | 15.74 |  |  |  |  |
Nonvested RSUs at December 31, 2014 |  |  |  |  | 882,709 |  |  |  | 15.62 |  |  |  | 13,461 |
(1) | Nonvested RSUs at December 31, 2013 reflect nonvested RSUs for the legal acquirer, TRI Pointe.

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