$MTH
Meritage Homes CORP Stock $mth

$mth Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-Q Financial Statement

#000083307914000088 Filed on May 01, 2014

Income Statement

Concept	2014 Q1	2013 Q4	2013 Q1
Revenue	$408.3M	$536.2M	$336.4M
YoY Change	21.37%	47.07%	64.64%
Cost Of Revenue	$348.8M	$449.8M	$298.4M
YoY Change	16.89%	39.65%	58.64%
Gross Profit	$91.57M	$123.6M	$64.54M
YoY Change	41.9%	79.27%	83.15%
Gross Profit Margin	22.43%	23.06%	19.18%
Selling, General & Admin	$52.61M	$24.90M	$45.60M
YoY Change	15.35%	40.68%	35.33%
% of Gross Profit	57.45%	20.14%	70.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.513M	$2.700M	$2.200M
YoY Change	14.23%	17.39%	29.41%
% of Gross Profit	2.74%	2.18%	3.41%
Operating Expenses	$52.61M	$23.90M	$45.60M
YoY Change	15.35%	43.98%	35.33%
Operating Profit	$44.94M	$99.75M	$24.78M
YoY Change	81.38%	90.46%	289.42%
Interest Expense	$2.713M	$1.300M	$5.128M
YoY Change	-47.09%	-168.42%	-30.43%
% of Operating Profit	6.04%	1.3%	20.69%
Other Income/Expense, Net	$648.0K		$470.0K
YoY Change	37.87%		-438.13%
Pretax Income	$39.76M	$65.88M	$16.48M
YoY Change	141.32%	179.15%	-460.19%
Income Tax	$14.38M	$19.80M	$4.434M
% Of Pretax Income	36.17%	30.06%	26.91%
Net Earnings	$25.38M	$46.09M	$12.04M
YoY Change	110.75%	-51.55%	-353.28%
Net Earnings / Revenue	6.21%	8.6%	3.58%
Basic Earnings Per Share	$0.66	$1.27	$0.34
Diluted Earnings Per Share	$0.62	$1.19	$0.32
COMMON SHARES
Basic Shares Outstanding	38.69M shares	36.24M shares	35.80M shares
Diluted Shares Outstanding	41.31M shares		38.44M shares

Balance Sheet

Concept	2014 Q1	2013 Q4	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$261.0M	$274.1M	$325.0M
YoY Change	-19.69%	60.76%	258.72%
Cash & Equivalents	$261.0M	$274.1M	$325.0M
Short-Term Investments
Other Short-Term Assets	$37.90M	$39.20M	$29.10M
YoY Change	30.24%	47.92%	91.45%
Inventory	$1.538B	$1.405B	$1.152B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$1.891B	$1.758B	$1.530B
YoY Change	23.61%	32.1%	54.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$26.73M	$22.10M	$16.35M
YoY Change	63.44%	40.6%	19.36%
Goodwill		$10.25M	$0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments	$87.50M	$101.3M	$99.90M
YoY Change	-12.41%	3.16%	-46.09%
Other Assets	$69.20M	$70.40M	$113.3M
YoY Change	-38.92%	-39.78%	828.69%
Total Long-Term Assets	$238.1M	$245.8M	$240.9M
YoY Change	-1.18%	0.29%	5.24%
TOTAL ASSETS
Total Short-Term Assets	$1.891B	$1.758B	$1.530B
Total Long-Term Assets	$238.1M	$245.8M	$240.9M
Total Assets	$2.129B	$2.003B	$1.771B
YoY Change	20.24%	27.15%	45.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$76.20M	$68.00M	$60.30M
YoY Change	26.37%	36.55%	53.83%
Accrued Expenses	$141.8M	$166.6M	$95.40M
YoY Change	48.64%	79.14%	37.27%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$241.8M	$256.6M	$178.2M
YoY Change	35.69%	61.79%	44.64%
LONG-TERM LIABILITIES
Long-Term Debt	$904.9M	$905.1M	$881.2M
YoY Change	2.69%	25.22%	45.27%
Other Long-Term Liabilities	$0.00	$300.0K
YoY Change
Total Long-Term Liabilities	$904.9M	$905.4M	$881.2M
YoY Change	2.69%	25.26%	45.03%
TOTAL LIABILITIES
Total Short-Term Liabilities	$241.8M	$256.6M	$178.2M
Total Long-Term Liabilities	$904.9M	$905.4M	$881.2M
Total Liabilities	$1.147B	$1.162B	$1.059B
YoY Change	8.25%	31.84%	44.98%
SHAREHOLDERS EQUITY
Retained Earnings	$453.4M	$428.1M	$315.6M
YoY Change	43.66%	41.0%
Common Stock	$529.1M	$413.3M	$396.0M
YoY Change	33.63%	5.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares	0.000 shares	0.000 shares	0.000 shares
Shareholders Equity	$982.6M	$841.4M	$711.6M
YoY Change
Total Liabilities & Shareholders Equity	$2.129B	$2.003B	$1.771B
YoY Change	20.24%	27.15%	45.45%

Cashflow Statement

Concept	2014 Q1	2013 Q4	2013 Q1
OPERATING ACTIVITIES
Net Income	$25.38M	$46.09M	$12.04M
YoY Change	110.75%	-51.55%	-353.28%
Depreciation, Depletion And Amortization	$2.513M	$2.700M	$2.200M
YoY Change	14.23%	17.39%	29.41%
Cash From Operating Activities	-$131.7M	-$38.40M	-$119.0K
YoY Change	110544.54%	-56.46%	-99.79%
INVESTING ACTIVITIES
Capital Expenditures	$6.995M	-$6.100M	$2.704M
YoY Change	158.69%	60.53%	15.75%
Acquisitions
YoY Change
Other Investing Activities	-$49.00K	$43.90M	-$79.00K
YoY Change	-37.97%	-201.62%	-99.7%
Cash From Investing Activities	$5.073M	$37.80M	-$5.452M
YoY Change	-193.05%	-180.6%	-81.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$110.4M		$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$113.4M	97.10M	$160.1M
YoY Change	-29.18%	16083.33%	15078.67%
NET CHANGE
Cash From Operating Activities	-$131.7M	-38.40M	-$119.0K
Cash From Investing Activities	$5.073M	37.80M	-$5.452M
Cash From Financing Activities	$113.4M	97.10M	$160.1M
Net Change In Cash	-$13.18M	96.50M	$154.6M
YoY Change	-108.53%	-171.75%	-286.2%
FREE CASH FLOW
Cash From Operating Activities	-$131.7M	-$38.40M	-$119.0K
Capital Expenditures	$6.995M	-$6.100M	$2.704M
Free Cash Flow	-$138.7M	-$32.30M	-$2.823M
YoY Change	4811.87%	-61.73%	-95.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21671000	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	19724000	USD
CY2014Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	76192000	USD
CY2013Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	68018000	USD
CY2014Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	11800000	USD
CY2013Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	166611000	USD
CY2014Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	141771000	USD
CY2014Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	528757000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	412961000	USD
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1844000	USD
CY2014Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2411000	USD
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	464000	USD
CY2014Q1	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	2275000	USD
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	271000	shares
CY2014Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2014Q1	us-gaap	Assets Assets	2129353000	USD
CY2013Q4	us-gaap	Assets Assets	2003361000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	260956000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	274136000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	170457000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	325021000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	154564000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13180000	USD
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	39114486	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36244071	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2530000	shares
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	391000	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	362000	USD
CY2014Q1	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	316773000	USD
CY2013Q1	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	271900000	USD
CY2013Q1	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	5550000	USD
CY2014Q1	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	3593000	USD
CY2013Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	3775000	USD
CY2014Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	12882000	USD
CY2013Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	659000	USD
CY2014Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1499000	USD
CY2013Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	21996000	USD
CY2014Q1	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	23835000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	70404000	USD
CY2014Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	69235000	USD
CY2014Q1	us-gaap	Deposit Assets DepositAssets	54666000	USD
CY2013Q4	us-gaap	Deposit Assets DepositAssets	51595000	USD
CY2013Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2158000	USD
CY2014Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2513000	USD
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.66
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.32
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.62
CY2014Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.362
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.269
CY2013Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	36232000	USD
CY2014Q1	us-gaap	Gross Profit GrossProfit	91572000	USD
CY2013Q1	us-gaap	Gross Profit GrossProfit	64535000	USD
CY2014Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	13243000	USD
CY2013Q4	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	13243000	USD
CY2014Q1	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	19256000	USD
CY2014Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	29989000	USD
CY2013Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	17385000	USD
CY2013	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y2M5D
CY2014Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y10M23D
CY2014Q1	us-gaap	Equity Method Investment Difference Between Carrying Amount And Underlying Equity EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity	579000	USD
CY2013Q4	us-gaap	Equity Method Investment Difference Between Carrying Amount And Underlying Equity EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity	579000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	45315000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	40734000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	45315000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	40734000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	2556000	USD
CY2013Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	4027000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Assets EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets	34949000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Assets EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets	34966000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Liabilities EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities	13453000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Liabilities EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities	13453000	USD
CY2014Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	5309000	USD
CY2013Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	6404000	USD
CY2014Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	0	USD
CY2013Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	464000	USD
CY2014Q1	us-gaap	Financial Services Costs FinancialServicesCosts	1075000	USD
CY2013Q1	us-gaap	Financial Services Costs FinancialServicesCosts	573000	USD
CY2013Q1	us-gaap	Financial Services Revenue FinancialServicesRevenue	842000	USD
CY2014Q1	us-gaap	Financial Services Revenue FinancialServicesRevenue	1899000	USD
CY2013Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-700000	USD
CY2014Q1	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	77698000	USD
CY2013Q4	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	89687000	USD
CY2014Q1	us-gaap	Home Building Costs HomeBuildingCosts	313180000	USD
CY2013Q1	us-gaap	Home Building Costs HomeBuildingCosts	266350000	USD
CY2014Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	405779000	USD
CY2013Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	330710000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	39758000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16475000	USD
CY2013Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2634000	USD
CY2014Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2032000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4434000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14381000	USD
CY2013Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	2000	USD
CY2014Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	17190000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	14671000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-15697000	USD
CY2013Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	5367000	USD
CY2014Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	1839000	USD
CY2013Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	-3030000	USD
CY2014Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	3071000	USD
CY2013Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	38876000	USD
CY2014Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	134807000	USD
CY2014Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	13998000	USD
CY2013Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	5312000	USD
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	445000	shares
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	466000	shares
CY2013Q1	us-gaap	Interest Expense InterestExpense	5128000	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	2713000	USD
CY2014Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	379000	USD
CY2013Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	365000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	4081000	USD
CY2013Q1	us-gaap	Interest Paid Net InterestPaidNet	6349000	USD
CY2013Q4	us-gaap	Inventory Real Estate InventoryRealEstate	1405299000	USD
CY2014Q1	us-gaap	Inventory Real Estate InventoryRealEstate	1538218000	USD
CY2013Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	11638000	USD
CY2014Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	9756000	USD
CY2013Q4	us-gaap	Land Available For Sale LandAvailableForSale	19112000	USD
CY2014Q1	us-gaap	Land Available For Sale LandAvailableForSale	24548000	USD
CY2014Q1	us-gaap	Land Sales LandSales	2566000	USD
CY2013Q1	us-gaap	Land Sales LandSales	5725000	USD
CY2014Q1	us-gaap	Land Under Purchase Options Not Recorded LandUnderPurchaseOptionsNotRecorded	566230000	USD
CY2014Q1	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	48000	USD
CY2013Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	42068000	USD
CY2014Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	35598000	USD
CY2014Q1	us-gaap	Liabilities Liabilities	1146759000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	1161969000	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2129353000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2003361000	USD
CY2014Q1	us-gaap	Line Of Credit Facility Amount Outstanding LineOfCreditFacilityAmountOutstanding	0	USD
CY2013Q4	us-gaap	Line Of Credit Facility Amount Outstanding LineOfCreditFacilityAmountOutstanding	0	USD
CY2014Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	200000000	USD
CY2013Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	200000000	USD
CY2013Q4	us-gaap	Litigation Reserve LitigationReserve	16463000	USD
CY2014Q1	us-gaap	Litigation Reserve LitigationReserve	17181000	USD
CY2012Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	13500000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	160135000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	113414000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	5073000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5452000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-119000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-131667000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	25377000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	12041000	USD
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	25756000	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	12406000	USD
CY2014Q1	us-gaap	Notes Payable NotesPayable	904913000	USD
CY2013Q4	us-gaap	Notes Payable NotesPayable	905055000	USD
CY2014Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	8	State
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	44943000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	24779000	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	23058000	USD
CY2014Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	20392000	USD
CY2013Q4	us-gaap	Other Assets OtherAssets	534829000	USD
CY2014Q1	us-gaap	Other Assets OtherAssets	526713000	USD
CY2013Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	470000	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	648000	USD
CY2013Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3632000	USD
CY2014Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1843000	USD
CY2013Q4	us-gaap	Other Receivables OtherReceivables	38983000	USD
CY2014Q1	us-gaap	Other Receivables OtherReceivables	54165000	USD
CY2014Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Heldtomaturity Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetHeldtomaturitySecurities	0	USD
CY2013Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-79000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-49000	USD
CY2013Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	46826000	USD
CY2014Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	35514000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2704000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6995000	USD
CY2013Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	37885000	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	39231000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	110432000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	175000000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	2982000	USD
CY2013Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	2399000	USD
CY2013Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	43999000	USD
CY2014Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	47533000	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	26726000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22099000	USD
CY2013Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	24198000	USD
CY2013Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	32992000	USD
CY2014Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	38701000	USD
CY2012Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	21600000	USD
CY2014Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	5834000	USD
CY2013Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	5000000	USD
CY2013Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	12726000	USD
CY2014Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	14256000	USD
CY2014Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	408345000	USD
CY2013Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	336435000	USD
CY2014Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
CY2013Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	17264000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	428069000	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	453446000	USD
CY2014Q1	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	45.75
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	30934000	USD
CY2013Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	25879000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1844000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2411000	USD
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	8950000	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	435921	shares
CY2013Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21971000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21482000	USD
CY2012Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22064000	USD
CY2013Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21384000	USD
CY2013Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2751000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2765000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2013Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2013Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2071000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2276000	USD
CY2013Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	122273	shares
CY2014Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	40245	shares
CY2014Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	110432000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3078000	USD
CY2014Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	707000	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	982594000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	841392000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	711637000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	694210000	USD
CY2014Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	16451000	USD
CY2013Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	22902000	USD
CY2014Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	0	shares
CY2013Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	0	shares
CY2014Q1	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	0	USD
CY2013	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	0	USD
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38440000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41308000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35798000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38687000	shares
CY2014Q1	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	30900000	USD
CY2013Q4	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	29992000	USD
CY2014Q1	mth	Aggregate Deposit Assets AggregateDepositAssets	54666000	USD
CY2014Q1	mth	Amortization Of Equity Method Investment Assets AmortizationOfEquityMethodInvestmentAssets	0	USD
CY2013Q1	mth	Amortization Of Equity Method Investment Assets AmortizationOfEquityMethodInvestmentAssets	27999	USD
CY2014Q1	mth	Amounts In Transit From Title Companies For Home Closings AmountsInTransitFromTitleCompaniesForHomeClosings	32100000	USD
CY2013Q4	mth	Amounts In Transit From Title Companies For Home Closings AmountsInTransitFromTitleCompaniesForHomeClosings	26400000	USD
CY2014Q1	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	5976000	USD
CY2013Q1	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	5847000	USD
CY2014Q1	mth	Deposit Assets On Recorded Real Estate Not Owned DepositAssetsOnRecordedRealEstateNotOwned	0	USD
CY2014Q1	mth	Distributions Of Earnings From Unconsolidated Entities DistributionsOfEarningsFromUnconsolidatedEntities	3955000	USD
CY2013Q1	mth	Distributions Of Earnings From Unconsolidated Entities DistributionsOfEarningsFromUnconsolidatedEntities	3722000	USD
CY2013Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2787000	USD
CY2014Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2201000	USD
CY2014Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-169000	USD
CY2013Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-155000	USD
CY2014Q1	mth	Earnings From Unconsolidated Entities Net EarningsFromUnconsolidatedEntitiesNet	2032000	USD
CY2013Q1	mth	Earnings From Unconsolidated Entities Net EarningsFromUnconsolidatedEntitiesNet	2632000	USD
CY2014Q1	mth	Entity Operations In Number Of Regions EntityOperationsInNumberOfRegions	3	Region
CY2014Q1	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	3188000	USD
CY2013Q4	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	2889000	USD
CY2013Q4	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7299000	USD
CY2014Q1	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	3986000	USD
CY2013Q1	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	2377000	USD
CY2014Q1	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	2753000	USD
CY2014Q1	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	1782000	USD
CY2013Q4	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	3067000	USD
CY2013Q1	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	3056000	USD
CY2014Q1	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	3025000	USD
CY2014Q1	mth	Finished Home Sites And Home Sites Under Development FinishedHomeSitesAndHomeSitesUnderDevelopment	874760000	USD
CY2013Q4	mth	Finished Home Sites And Home Sites Under Development FinishedHomeSitesAndHomeSitesUnderDevelopment	813135000	USD
CY2012Q3	mth	Future Infrastructure Improvement Costs FutureInfrastructureImprovementCosts	9800000	USD
CY2013Q1	mth	Home Closing Gross Profit HomeClosingGrossProfit	64360000	USD
CY2014Q1	mth	Home Closing Gross Profit HomeClosingGrossProfit	92599000	USD
CY2013Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	0	USD
CY2014Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	116000	USD
CY2013Q1	mth	Increase Decreasein Real Estate Not Owned IncreaseDecreaseinRealEstateNotOwned	0	USD
CY2014Q1	mth	Increase Decreasein Real Estate Not Owned IncreaseDecreaseinRealEstateNotOwned	-241000	USD
CY2014Q1	mth	Inventory Communities In Mothball Status InventoryCommunitiesInMothballStatus	23786000	USD
CY2013Q4	mth	Inventory Communities In Mothball Status InventoryCommunitiesInMothballStatus	28889000	USD
CY2013Q4	mth	Inventory Land Held For Development InventoryLandHeldForDevelopment	52100000	USD
CY2014Q1	mth	Inventory Land Held For Development InventoryLandHeldForDevelopment	50811000	USD
CY2014Q1	mth	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	48000	USD
CY2013Q4	mth	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	289000	USD
CY2014Q1	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	-1027000	USD
CY2013Q1	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	175000	USD
CY2014Q1	mth	Land Under Purchase Options Recorded And Unrecorded LandUnderPurchaseOptionsRecordedAndUnrecorded	566278000	USD
CY2013Q4	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	289000	USD
CY2014Q1	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	48000	USD
CY2014Q1	mth	Liquid Investment Maturity Period To Be Classified As Cash Equivalent Maximum LiquidInvestmentMaturityPeriodToBeClassifiedAsCashEquivalentMaximum	P3M
CY2014Q1	mth	Money Market Funds Invested In Short Term Government Securities MoneyMarketFundsInvestedInShortTermGovernmentSecurities	11300000	USD
CY2013Q4	mth	Money Market Funds Invested In Short Term Government Securities MoneyMarketFundsInvestedInShortTermGovernmentSecurities	68300000	USD
CY2014Q1	mth	Number Of Communities To Which Homes Are Sold NumberOfCommunitiesToWhichHomesAreSold	189	Communities
CY2014Q1	mth	Number Of Lenders Filing Petition For Involuntary Bankruptcy NumberOfLendersFilingPetitionForInvoluntaryBankruptcy	3	lender
CY2014Q1	mth	Number Of Lots Under Option Contracts Recorded NumberOfLotsUnderOptionContractsRecorded	2	Lot
CY2014Q1	mth	Number Of Lots Under Option Or Contracts NumberOfLotsUnderOptionOrContracts	11464	Lot
CY2014Q1	mth	Number Of Lots Under Option Or Contracts Not Recorded NumberOfLotsUnderOptionOrContractsNotRecorded	11462	Lot
CY2014Q1	mth	Percentage Of Wholly Owned Subsidiaries PercentageOfWhollyOwnedSubsidiaries	1.00
CY2014Q1	mth	Real Estate Inventory Capitalized Interest Costs Related To Joint Venture Investments RealEstateInventoryCapitalizedInterestCostsRelatedToJointVentureInvestments	511000	USD
CY2013Q4	mth	Real Estate Inventory Capitalized Interest Costs Related To Joint Venture Investments RealEstateInventoryCapitalizedInterestCostsRelatedToJointVentureInvestments	511000	USD
CY2013Q4	mth	Real Estate Notes Payable RealEstateNotesPayable	15993000	USD
CY2014Q1	mth	Real Estate Notes Payable RealEstateNotesPayable	16109000	USD
CY2014Q1	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1357101	shares
CY2013Q4	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1317710	shares
CY2013Q3	mth	Supersedeas Bond SupersedeasBond	16050604	USD
CY2014Q1	mth	Supersedeas Bond SupersedeasBond	16930477	USD
CY2013Q4	mth	Sureties Outstanding SuretiesOutstanding	191829000	USD
CY2014Q1	mth	Sureties Outstanding SuretiesOutstanding	216686000	USD
CY2014Q1	mth	Sureties Related To Uncompleted Contracts SuretiesRelatedToUncompletedContracts	88737000	USD
CY2013Q4	mth	Sureties Related To Uncompleted Contracts SuretiesRelatedToUncompletedContracts	86202000	USD
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000833079
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	39114486	shares
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	Meritage Homes CORP

Files In Submission

Name	View Source	Status
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0000833079-14-000088-index.html	Edgar Link	pending
0000833079-14-000088.txt	Edgar Link	pending
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report.css	Edgar Link	pending
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$MTH
Meritage Homes CORP Stock $mth

2014 Q1 Form 10-Q Financial Statement

#000083307914000088 Filed on May 01, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH Meritage Homes CORP Stock $mth

2014 Q1 Form 10-Q Financial Statement

#000083307914000088 Filed on May 01, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH
Meritage Homes CORP Stock $mth