$MTH
Meritage Homes CORP Stock $mth

$mth Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000083307914000118 Filed on October 31, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q3
Revenue	$698.9M	$556.8M	$492.1M
YoY Change	30.35%	13.15%	43.61%
Cost Of Revenue	$609.5M	$487.5M	$413.3M
YoY Change	35.5%	17.95%	35.2%
Gross Profit	$140.3M	$110.8M	$113.2M
YoY Change	13.45%	-2.14%	81.31%
Gross Profit Margin	20.07%	19.89%	23.0%
Selling, General & Admin	$29.10M	$69.43M	$57.88M
YoY Change	16.87%	19.96%	28.44%
% of Gross Profit	20.74%	62.68%	51.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.400M	$3.000M	$2.500M
YoY Change	25.93%	20.0%	8.7%
% of Gross Profit	2.42%	2.71%	2.21%
Operating Expenses	$28.90M	$69.43M	$57.88M
YoY Change	20.92%	19.96%	28.44%
Operating Profit	$111.4M	$50.82M	$63.97M
YoY Change	11.66%	-20.55%	159.15%
Interest Expense	$2.900M	$460.0K	$3.462M
YoY Change	123.08%	-86.71%	-30.88%
% of Operating Profit	2.6%	0.91%	5.41%
Other Income/Expense, Net		$1.998M	$605.0K
YoY Change		230.25%	-107.31%
Pretax Income	$66.39M	$47.03M	$56.79M
YoY Change	0.78%	-17.18%	712.85%
Income Tax	$17.20M	$14.45M	$18.60M
% Of Pretax Income	25.91%	30.73%	32.75%
Net Earnings	$49.21M	$32.58M	$38.19M
YoY Change	6.77%	-14.7%	462.96%
Net Earnings / Revenue	7.04%	5.85%	7.76%
Basic Earnings Per Share	$1.26	$0.83	$1.05
Diluted Earnings Per Share	$1.19	$0.79	$0.99
COMMON SHARES
Basic Shares Outstanding	39.13M shares	39.12M shares	36.23M shares
Diluted Shares Outstanding		41.66M shares	38.87M shares

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$103.3M	$84.10M	$177.6M
YoY Change	-62.31%	-52.65%	-41.77%
Cash & Equivalents	$103.3M	$84.11M	$177.6M
Short-Term Investments
Other Short-Term Assets	$71.10M	$64.90M	$36.70M
YoY Change	81.38%	76.84%	41.15%
Inventory	$1.878B	$1.865B	$1.345B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.109B	$2.070B	$1.595B
YoY Change	19.99%	29.78%	17.94%
LONG-TERM ASSETS
Property, Plant & Equipment	$32.40M	$31.98M	$18.69M
YoY Change	46.63%	71.1%	32.44%
Goodwill	$32.96M	$32.96M
YoY Change	221.67%
Intangibles
YoY Change
Long-Term Investments	$10.80M	$19.80M	$103.5M
YoY Change	-89.34%	-80.87%	31.68%
Other Assets	$64.10M	$65.50M	$121.3M
YoY Change	-8.95%	-46.0%	427.39%
Total Long-Term Assets	$207.2M	$202.5M	$278.9M
YoY Change	-15.67%	-27.39%	116.69%
TOTAL ASSETS
Total Short-Term Assets	$2.109B	$2.070B	$1.595B
Total Long-Term Assets	$207.2M	$202.5M	$278.9M
Total Assets	$2.316B	$2.273B	$1.874B
YoY Change	15.61%	21.28%	26.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$83.60M	$105.1M	$76.60M
YoY Change	22.94%	37.21%	47.02%
Accrued Expenses	$143.0M	$155.7M	$178.2M
YoY Change	-14.17%	-12.63%	96.47%
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	$267.1M	$307.2M	$283.0M
YoY Change	4.09%	8.55%	74.15%
LONG-TERM LIABILITIES
Long-Term Debt	$935.2M	$904.6M	$798.3M
YoY Change	3.33%	13.32%	10.46%
Other Long-Term Liabilities	$4.300M	$4.300M	$300.0K
YoY Change	1333.33%	1333.33%
Total Long-Term Liabilities	$939.5M	$908.9M	$798.6M
YoY Change	3.77%	13.81%	10.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$267.1M	$307.2M	$283.0M
Total Long-Term Liabilities	$939.5M	$908.9M	$798.6M
Total Liabilities	$1.207B	$1.216B	$1.082B
YoY Change	3.85%	12.42%	22.21%
SHAREHOLDERS EQUITY
Retained Earnings	$570.3M	$521.1M	$382.0M
YoY Change	33.23%	36.42%	83.22%
Common Stock	$539.2M	$535.6M	$410.3M
YoY Change	30.45%	30.52%	5.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares			0.000 shares
Shareholders Equity	$1.109B	$1.057B	$792.3M
YoY Change
Total Liabilities & Shareholders Equity	$2.316B	$2.273B	$1.874B
YoY Change	15.61%	21.28%	26.52%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q3
OPERATING ACTIVITIES
Net Income	$49.21M	$32.58M	$38.19M
YoY Change	6.77%	-14.7%	462.96%
Depreciation, Depletion And Amortization	$3.400M	$3.000M	$2.500M
YoY Change	25.93%	20.0%	8.7%
Cash From Operating Activities	$18.40M	-$59.00M	-$20.00M
YoY Change	-147.92%	195.0%	-27.01%
INVESTING ACTIVITIES
Capital Expenditures	-$4.400M	-$4.500M	-$3.900M
YoY Change	-27.87%	15.38%	44.44%
Acquisitions
YoY Change
Other Investing Activities	$8.800M	-$80.60M	-$16.80M
YoY Change	-79.95%	379.76%	-140.78%
Cash From Investing Activities	$4.300M	-$85.00M	-$20.80M
YoY Change	-88.62%	308.65%	-154.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-3.500M	-2.500M	400.0K
YoY Change	-103.6%	-725.0%	-99.81%
NET CHANGE
Cash From Operating Activities	18.40M	-59.00M	-20.00M
Cash From Investing Activities	4.300M	-85.00M	-20.80M
Cash From Financing Activities	-3.500M	-2.500M	400.0K
Net Change In Cash	19.20M	-146.5M	-40.40M
YoY Change	-80.1%	262.62%	-118.11%
FREE CASH FLOW
Cash From Operating Activities	$18.40M	-$59.00M	-$20.00M
Capital Expenditures	-$4.400M	-$4.500M	-$3.900M
Free Cash Flow	$22.80M	-$54.50M	-$16.10M
YoY Change	-170.59%	238.51%	-34.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2013Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	68018000	USD
CY2014Q3	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	7900000	USD
CY2013Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	166611000	USD
CY2014Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	168584000	USD
CY2014Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	535204000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	412961000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9035000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7040000	USD
	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	2197000	USD
	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	1733000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	24000	shares
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	22000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5000	shares
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	10000	shares
CY2014Q3	us-gaap	Assets Assets	2272812000	USD
CY2013Q4	us-gaap	Assets Assets	2003361000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	257000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	274136000	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	84105000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	170457000	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	177584000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-190031000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7127000	USD
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	39125006	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36244071	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2530000	shares
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	362000	USD
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	391000	USD
	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	1005696000	USD
	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	1158389000	USD
CY2014Q3	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	446015000	USD
CY2013Q3	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	378898000	USD
CY2013Q3	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	6126000	USD
CY2014Q3	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	11729000	USD
	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	24139000	USD
	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	18084000	USD
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	500000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	8058000	USD
CY2014Q3	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	12622000	USD
	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	33846000	USD
CY2013Q3	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	18153000	USD
	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	43480000	USD
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	5511000	USD
CY2014Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1831000	USD
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-428000	USD
CY2013Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	442000	USD
CY2013Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	21996000	USD
CY2014Q3	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	33535000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	70404000	USD
CY2014Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	65538000	USD
CY2014Q3	us-gaap	Deposit Assets DepositAssets	80263000	USD
CY2013Q4	us-gaap	Deposit Assets DepositAssets	51595000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7169000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8154000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.39
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.17
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.83
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.05
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	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.05
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CY2014Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	23826000	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
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y4M16D
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	10796000	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	8784000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	45315000	USD
CY2014Q3	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	42011000	USD
CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	45315000	USD
CY2014Q3	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	42011000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	10296000	USD
CY2013Q3	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	5719000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	15907000	USD
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CY2014Q3	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Assets EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets	34445000	USD
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CY2013Q4	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Liabilities EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities	13453000	USD
CY2014Q3	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Liabilities EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities	13347000	USD
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CY2013Q3	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	8975000	USD
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	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	2197000	USD
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	us-gaap	Financial Services Costs FinancialServicesCosts	2229000	USD
	us-gaap	Financial Services Costs FinancialServicesCosts	3444000	USD
CY2014Q3	us-gaap	Financial Services Costs FinancialServicesCosts	1238000	USD
CY2013Q3	us-gaap	Financial Services Costs FinancialServicesCosts	901000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	7099000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	3960000	USD
CY2014Q3	us-gaap	Financial Services Revenue FinancialServicesRevenue	2749000	USD
CY2013Q3	us-gaap	Financial Services Revenue FinancialServicesRevenue	1684000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2014Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2013Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
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	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	66587000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	75460000	USD
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CY2014Q3	us-gaap	Goodwill Goodwill	32962000	USD
CY2013Q1	us-gaap	Goodwill Goodwill	0	USD
CY2013Q4	us-gaap	Goodwill Goodwill	10247000	USD
CY2013	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	10247000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	22715000	USD
	us-gaap	Gross Profit GrossProfit	312336000	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	110761000	USD
	us-gaap	Gross Profit GrossProfit	272769000	USD
CY2013Q3	us-gaap	Gross Profit GrossProfit	113182000	USD
CY2014Q3	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	13243000	USD
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CY2014Q3	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	9857000	USD
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	us-gaap	Home Building Costs HomeBuildingCosts	981557000	USD
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	us-gaap	Home Building Costs HomeBuildingCosts	1140305000	USD
	us-gaap	Home Building Revenue HomeBuildingRevenue	1249897000	USD
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	us-gaap	Home Building Revenue HomeBuildingRevenue	1454103000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	142024000	USD
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	111793000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6917000	USD
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	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9583000	USD
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CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18595000	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14453000	USD
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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48991000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	5192000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	51668000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	106862000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	34501000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	15584000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	9015000	USD
	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	20425000	USD
	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	27552000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	221668000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	350868000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	14224000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	19502000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	0	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1966000	USD
CY2013Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2014Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2014Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	357000	shares
CY2013Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	463000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	411000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	535000	shares
	us-gaap	Interest Expense InterestExpense	13113000	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	460000	USD
	us-gaap	Interest Expense InterestExpense	4569000	USD
CY2013Q3	us-gaap	Interest Expense InterestExpense	3462000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1135000	USD
CY2013Q3	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	393000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1180000	USD
CY2014Q3	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	378000	USD
	us-gaap	Interest Paid Net InterestPaidNet	3801000	USD
	us-gaap	Interest Paid Net InterestPaidNet	2876000	USD
CY2013Q4	us-gaap	Inventory Real Estate InventoryRealEstate	1405299000	USD
CY2014Q3	us-gaap	Inventory Real Estate InventoryRealEstate	1865051000	USD
CY2014Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	9900000	USD
CY2013Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	11638000	USD
CY2013Q3	us-gaap	Land Sales LandSales	8933000	USD
	us-gaap	Land Sales LandSales	28568000	USD
	us-gaap	Land Sales LandSales	16622000	USD
CY2014Q3	us-gaap	Land Sales LandSales	11252000	USD
CY2014Q3	us-gaap	Land Under Purchase Options Not Recorded LandUnderPurchaseOptionsNotRecorded	861078000	USD
CY2014Q3	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	4999000	USD
CY2013Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	289000	USD
CY2013Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	42068000	USD
CY2014Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	24286000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	1161969000	USD
CY2014Q3	us-gaap	Liabilities Liabilities	1216115000	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2272812000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2003361000	USD
CY2014Q3	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2013Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2014Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	400000000	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
CY2014Q3	us-gaap	Litigation Reserve LitigationReserve	15747000	USD
CY2013Q4	us-gaap	Litigation Reserve LitigationReserve	16463000	USD
CY2012Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	13500000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	-257000	USD
CY2013Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	68300000	USD
CY2014Q3	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	300000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	83476000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	113351000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-67229000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-36823000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-236153000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-39526000	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	38191000	USD
	us-gaap	Net Income Loss NetIncomeLoss	93033000	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	32577000	USD
	us-gaap	Net Income Loss NetIncomeLoss	78375000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	94168000	USD
CY2013Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	38584000	USD
CY2014Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	32955000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	79555000	USD
CY2013Q4	us-gaap	Notes Payable NotesPayable	905055000	USD
CY2014Q3	us-gaap	Notes Payable NotesPayable	904629000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	operating_segment
CY2014Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	State
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	63965000	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	50822000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	137667000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	152449000	USD
CY2014Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	28526000	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	23058000	USD
CY2013Q4	us-gaap	Other Assets OtherAssets	534829000	USD
CY2014Q3	us-gaap	Other Assets OtherAssets	317598000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6395000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1760000	USD
CY2014Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1998000	USD
CY2013Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	605000	USD
CY2014Q3	us-gaap	Other Notes Payable OtherNotesPayable	16574000	USD
CY2013Q4	us-gaap	Other Notes Payable OtherNotesPayable	15993000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3071000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	8361000	USD
CY2013Q4	us-gaap	Other Receivables OtherReceivables	38983000	USD
CY2014Q3	us-gaap	Other Receivables OtherReceivables	56178000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Heldtomaturity Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetHeldtomaturitySecurities	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1403000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	130677000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	18379000	USD
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	139672000	USD
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	35697000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	107000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	245000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9717000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16367000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
CY2014Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	39231000	USD
CY2014Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	64942000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	79000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	110420000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	175000000	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	132900000	USD
	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	115584000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	39000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	173000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	11225000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	734000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22099000	USD
CY2014Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	31979000	USD
CY2013Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	32992000	USD
CY2013Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	28998000	USD
CY2014Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	50455000	USD
CY2012Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	21600000	USD
CY2014Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	44355000	USD
CY2013Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	26294000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	17365000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	21301000	USD
CY2013Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	6342000	USD
CY2014Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales RealEstateInventoryCapitalizedInterestCostsCostOfSales	8135000	USD
CY2014Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	14695000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	43333000	USD
CY2013Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	12508000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	37876000	USD
CY2014Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	556776000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	1278465000	USD
CY2013Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	492080000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	1470725000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	102822000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	428069000	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	521102000	USD
CY2014Q1	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	45.75
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	107250000	USD
CY2014Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	40211000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	90526000	USD
CY2013Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	33467000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7040000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	9035000	USD
CY2013Q3	us-gaap	Share Based Compensation ShareBasedCompensation	3099000	USD
CY2014Q3	us-gaap	Share Based Compensation ShareBasedCompensation	3771000	USD
CY2014Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	1100000	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	10050000	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1620260	shares
CY2013Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22257000	USD
CY2013Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21971000	USD
CY2013Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21844000	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21454000	USD
CY2014Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	20882000	USD
CY2012Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22064000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	9075000	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2451000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	7862000	USD
CY2013Q3	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2405000	USD
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2013Q3	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2013Q3	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2818000	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	3023000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	8055000	USD
CY2014Q3	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1200.0	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	41445	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	334500.0	shares
CY2013Q3	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	12400.0	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	110420000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	734000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	11225000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	841392000	USD
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	1056697000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	694210000	USD
CY2013Q3	us-gaap	Stockholders Equity StockholdersEquity	792326000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	-114000	USD
CY2014Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	12878000	USD
CY2013Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	22902000	USD
	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
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	0	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	4614000	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41564000	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41656000	shares
CY2013Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38865000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38771000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36060000	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39123000	shares
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36226000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38977000	shares
CY2013Q4	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	29992000	USD
CY2014Q3	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	38463000	USD
CY2014Q3	mth	Aggregate Deposit Assets AggregateDepositAssets	80963000	USD
CY2014Q3	mth	Amounts In Transit From Title Companies For Home Closings AmountsInTransitFromTitleCompaniesForHomeClosings	36900000	USD
CY2013Q4	mth	Amounts In Transit From Title Companies For Home Closings AmountsInTransitFromTitleCompaniesForHomeClosings	26400000	USD
	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	22823000	USD
CY2014Q3	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	9490000	USD
	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	22011000	USD
CY2013Q3	mth	Corporate And Unallocated Income Expense CorporateAndUnallocatedIncomeExpense	8662000	USD
CY2014Q3	mth	Deposit Assets On Recorded Real Estate Not Owned DepositAssetsOnRecordedRealEstateNotOwned	700000	USD
	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	9784000	USD
CY2014Q3	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2783000	USD
	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	7281000	USD
CY2013Q3	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	3511000	USD
CY2014Q3	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-134000	USD
	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-229000	USD
	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-364000	USD
CY2013Q3	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	46000	USD
	mth	Earnings From Unconsolidated Entities Net EarningsFromUnconsolidatedEntitiesNet	9555000	USD
	mth	Earnings From Unconsolidated Entities Net EarningsFromUnconsolidatedEntitiesNet	6917000	USD
CY2014Q3	mth	Entity Operations In Number Of Regions EntityOperationsInNumberOfRegions	3	Region
CY2014Q3	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	4349000	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
CY2014Q3	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	4759000	USD
CY2013Q3	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	3256000	USD
	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	9466000	USD
CY2014Q3	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	3744000	USD
	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	9609000	USD
CY2014Q3	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	2807000	USD
CY2013Q4	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	3067000	USD
	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	11515000	USD
CY2014Q3	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	4294000	USD
	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	10936000	USD
CY2013Q3	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	4294000	USD
CY2013Q4	mth	Finished Home Sites And Home Sites Under Development FinishedHomeSitesAndHomeSitesUnderDevelopment	913236000	USD
CY2014Q3	mth	Finished Home Sites And Home Sites Under Development FinishedHomeSitesAndHomeSitesUnderDevelopment	1041108000	USD
CY2012Q3	mth	Future Infrastructure Improvement Costs FutureInfrastructureImprovementCosts	9800000	USD
CY2014Q3	mth	Home Closing Gross Profit HomeClosingGrossProfit	111238000	USD
	mth	Home Closing Gross Profit HomeClosingGrossProfit	313798000	USD
CY2013Q3	mth	Home Closing Gross Profit HomeClosingGrossProfit	110375000	USD
	mth	Home Closing Gross Profit HomeClosingGrossProfit	268340000	USD
	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	9588000	USD
	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	581000	USD
	mth	Increase Decreasein Real Estate Not Owned IncreaseDecreaseinRealEstateNotOwned	481000	USD
	mth	Increase Decreasein Real Estate Not Owned IncreaseDecreaseinRealEstateNotOwned	4710000	USD
CY2014Q3	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	-477000	USD
CY2013Q3	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	2807000	USD
	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	-1462000	USD
	mth	Land Closing Gross Loss Profit LandClosingGrossLossProfit	4429000	USD
CY2014Q3	mth	Land Under Purchase Options Recorded And Unrecorded LandUnderPurchaseOptionsRecordedAndUnrecorded	866077000	USD
CY2014Q3	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	4299000	USD
CY2013Q4	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	289000	USD
	mth	Liquid Investment Maturity Period To Be Classified As Cash Equivalent Maximum LiquidInvestmentMaturityPeriodToBeClassifiedAsCashEquivalentMaximum	P3M
	mth	Number Of Lenders Filing Petition For Involuntary Bankruptcy NumberOfLendersFilingPetitionForInvoluntaryBankruptcy	3	lender
CY2014Q3	mth	Number Of Lots Under Option Contracts Recorded NumberOfLotsUnderOptionContractsRecorded	70	Lot
CY2014Q3	mth	Number Of Lots Under Option Or Contracts NumberOfLotsUnderOptionOrContracts	15774	Lot
CY2014Q3	mth	Number Of Lots Under Option Or Contracts Not Recorded NumberOfLotsUnderOptionOrContractsNotRecorded	15704	Lot
CY2014Q3	mth	Numberof Communitiesin Which Homesare Sold NumberofCommunitiesinWhichHomesareSold	225	Communities
CY2014Q3	mth	Percentage Of Wholly Owned Subsidiaries PercentageOfWhollyOwnedSubsidiaries	1.00
CY2014Q3	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
CY2014Q3	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1285301	shares
CY2013Q4	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1317710	shares
CY2014Q3	mth	Supersedeas Bond SupersedeasBond	16930477	USD
CY2013Q3	mth	Supersedeas Bond SupersedeasBond	16050604	USD
CY2013Q4	mth	Sureties Outstanding SuretiesOutstanding	191829000	USD
CY2014Q3	mth	Sureties Outstanding SuretiesOutstanding	249597000	USD
CY2014Q3	mth	Sureties Related To Uncompleted Contracts SuretiesRelatedToUncompletedContracts	95865000	USD
CY2013Q4	mth	Sureties Related To Uncompleted Contracts SuretiesRelatedToUncompletedContracts	86202000	USD
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	39125006	shares
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000833079
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Meritage Homes CORP

Files In Submission

Name	View Source	Status
0000833079-14-000118-index-headers.html	Edgar Link	pending
0000833079-14-000118-index.html	Edgar Link	pending
0000833079-14-000118.txt	Edgar Link	pending
0000833079-14-000118-xbrl.zip	Edgar Link	pending
ex311_q32014.htm	Edgar Link	pending
ex312_q32014.htm	Edgar Link	pending
ex321_q32014.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mth-20140930.xml	Edgar Link	completed
mth-20140930.xsd	Edgar Link	pending
mth-20140930_cal.xml	Edgar Link	unprocessable
mth-20140930_def.xml	Edgar Link	unprocessable
mth-20140930_lab.xml	Edgar Link	unprocessable
mth-20140930_pre.xml	Edgar Link	unprocessable
mth10q-20140930usethis.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MTH
Meritage Homes CORP Stock $mth

2014 Q4 Form 10-Q Financial Statement

#000083307914000118 Filed on October 31, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH Meritage Homes CORP Stock $mth

2014 Q4 Form 10-Q Financial Statement

#000083307914000118 Filed on October 31, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH
Meritage Homes CORP Stock $mth