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Equity-Based Compensation, Profit Sharing and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Equity-Based Compensation Plans with Grants Outstanding [Table Text Block]
During 2018, the Company issued 345 Options and 16 RSUs under the 2010 Plan, the 2014 Plan, and the 2018 Plan as follows:
 
 
2010 Plan
 
2014 Plan
 
2018 Plan
Options Granted
 
 
 
 
 
 
Options (4)
 
6

 
93

 
73

Performance-based Options (5)
 
—

 
100

 
73

Total Options Granted
 
6

 
193

 
146

 
 
 
 
 
 
 
RSUs Granted
 
 
 
 
 
 
RSUs (6)
 
8

 
—

 
—

Performance-based RSUs (7)
 
8

 
—

 
—

Total RSUs Granted
 
16

 
—

 
—

(4) Of the 172 service-only Options granted, 34 will generally vest over two years in 50% increments on December 31, 2020 and 2021; the remaining 138 Options will generally vest over four years in 25% increments on December 31, 2020, 2021, 2022, and 2023. Vesting for the Options is contingent solely upon continued employment or continued service as a Director.
(5) Of the 173 performance-based Options granted, 34 will vest over two years in 50% increments on December 31, 2020 and 2021; the remaining 139 performance-based Options will generally vest over four years in 25% increments on December 31, 2020, 2021, 2022, and 2023. Vesting for the performance-based Options is contingent upon both continued employment or continued service as a Director and the Company's return on capital performance during 2018 through 2020.
(6) The service-only RSUs granted will vest over two years in 50% increments on December 31, 2022 and 2023. Vesting for the RSUs is contingent solely upon continued employment.
(7) The performance-based RSUs granted will vest over two years in 50% increments on December 31, 2022 and 2023. Vesting for the performance-based RSUs is contingent upon both continued employment and the Company's return on capital performance during 2018 through 2020.
Summary of Equity-Based Compensation Plans with Grants Outstanding
The following table provides a summary of each of the Company’s equity-based compensation plans for any plan with grants outstanding at December 31, 2018:
Equity-Based Compensation Plans
 
Shares
Authorized
 
Options/RSUs
Outstanding
 
Shares
Available to Issue
2000 Broadly-Based Stock Option Plan
 
2,000

 
63

 
—

2010 Equity Incentive Plan (1)
 
700

 
160

 
26

2014 Equity Incentive Plan (2)
 
950

 
701

 
102

2018 Equity Incentive Plan (3)
 
275

 
146

 
129

 
(1)
During 2010, the Company’s shareholders approved the 2010 Equity Incentive Plan (the “2010 Plan”). The 2010 Plan authorizes the Company to issue Options and RSUs to key management employees, including executive officers and Directors.  Of the 700 aggregate shares available to issue, up to 240 may be granted in the form of RSUs.  There were 139 Options and 21 RSUs outstanding as of December 31, 2018. Of the 26 shares available to be issued under the 2010 Plan, 22 may be granted as RSUs.

(2)
During 2014, the Company’s shareholders approved the 2014 Equity Incentive Plan (the “2014 Plan”). The 2014 Plan authorizes the Company to issue Options to key management employees, including executive officers and Directors.

(3)
The Company’s shareholders approved the 2018 Equity Incentive Plan (the "2018 Plan") at the Company’s Annual Meeting of Shareholders held on May 2, 2018. The 2018 Plan authorizes the Company to issue up to an aggregate of 275 shares of the Company’s common stock in the form of Options and RSUs to key management employees, including executive officers and Directors. Of the 275 aggregate shares available to issue, all may be granted in the form of Options and up to 40 may be granted in the form of RSUs.
Equity-Based Compensation Plans
The following table provides additional information relative to NVR’s equity-based compensation plans for the year ended December 31, 2018:
 
 
Shares
 
Weighted Avg. Per Share
Exercise Price
 
Weighted Avg. Remaining
Contract Life (years)
 
Aggregate
Intrinsic Value
Stock Options
 
 
 
 
 
 
 
 
Outstanding at December 31, 2017
 
916

 
$
1,119.92

 
 
 
 
Granted
 
345

 
3,013.61

 
 
 
 
Exercised
 
(182
)
 
954.49

 
 
 
 
Forfeited
 
(30
)
 
1,283.48

 
 
 
 
Outstanding at December 31, 2018
 
1,049

 
$
1,766.87

 
6.5
 
$
703,087

Exercisable at December 31, 2018
 
466

 
$
1,032.44

 
4.6
 
$
655,141

 
 
 
 
 
 
 
 
 
RSUs
 
 
 
 
 
 
 
 
Outstanding at December 31, 2017
 
10

 
 
 
 
 
 
Granted
 
16

 
 
 
 
 
 
Vested
 
(5
)
 
 
 
 
 
 
Forfeited
 
—

 
 
 
 
 
 
Outstanding at December 31, 2018
 
21

 
 
 
 
 
$
50,719

Vested, but not issued at December 31, 2018
 
5

 
 
 
 
 
$
11,532
Black-Scholes Option-Pricing Model Assumptions
The fair value of the Options granted during 2018, 2017 and 2016 was estimated on the grant date using the Pricing Model, based on the following assumptions:  
 
 
2018
 
2017
 
2016
Estimated option life (years)
 
5.06
 
5.26
 
5.27
Risk free interest rate (range)
 
2.19%-3.13%

 
1.53%-2.38%

 
0.86%-2.21%

Expected volatility (range)
 
16.57%-20.05%

 
15.09%-17.95%

 
15.91%-23.49%

Expected dividend rate
 
—
%
 
—
%
 
—
%
Weighted average grant-date fair value per share of options granted
 
$
687.81

 
$
494.17

 
$
320.21
Exercised Option Proceeds
Information with respect to the vested RSUs and exercised Options is as follows:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Aggregate exercise proceeds
 
$
174,110

 
$
140,525

 
$
38,106

Aggregate intrinsic value on exercise dates
 
$
355,318

 
$
206,890

 
$
96,600