Common Stock

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Common Stock

10. Common Stock

There were approximately 3,891 and 4,049 common shares outstanding at December 31, 2015 and 2014, respectively. As of December 31, 2015, NVR had reacquired a total of approximately 24,100 shares of NVR common stock at an aggregate cost of approximately $6,307,000 since December 31, 1993.

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

	Year Ended December 31,
	2015		2014		2013
Aggregate purchase price	$	431,367	$	567,544	$	554,491
Number of shares repurchased		290		508		581

Since 1999, the Company has issued shares from the treasury for all stock option exercises. There have been approximately 7,418 shares reissued from the treasury in satisfaction of stock option exercises, vesting of restricted share units and other employee benefit obligations. The Company issued 131, 123 and 102 such shares during 2015, 2014 and 2013, respectively.