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Stock-Based Compensation (Tables)

12 Months Ended

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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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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