Common Stock

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Common Stock

10. Common Stock

There were approximately 4,049 and 4,434 common shares outstanding at December 31, 2014 and 2013, respectively. As of December 31, 2014, NVR had reacquired a total of approximately 23,800 shares of NVR common stock at an aggregate cost of approximately $5,876,000 since December 31, 1993.

The Company made the following share repurchases during the years indicated:

	Year Ended December 31,
	2014		2013		2012
Aggregate Purchase Price	$	567,544	$	554,491	$	227,281
Number of Shares Repurchased		508		581		286

Since 1999, the Company has issued shares from the treasury for all stock option exercises. There have been approximately 7,287 shares reissued from the treasury in satisfaction of stock option exercises, vesting of restricted share units and other employee benefit obligations. The Company issued 123, 102 and 222 such shares during 2014, 2013 and 2012, respectively.