$MTH
Meritage Homes CORP Stock $mth

$mth Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000083307916000168 Filed on May 02, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$597.8M	$518.7M
YoY Change	15.24%	27.03%
Cost Of Revenue	$541.4M	$466.0M
YoY Change	16.18%	33.6%
Gross Profit	$103.8M	$95.64M
YoY Change	8.53%	4.44%
Gross Profit Margin	17.36%	18.44%
Selling, General & Admin	$75.80M	$71.26M
YoY Change	6.36%	35.47%
% of Gross Profit	73.02%	74.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.402M	$3.211M
YoY Change	5.95%	27.78%
% of Gross Profit	3.28%	3.36%
Operating Expenses	$75.80M	$71.26M
YoY Change	6.36%	35.47%
Operating Profit	$28.00M	$24.38M
YoY Change	14.86%	-45.76%
Interest Expense	$3.288M	$3.154M
YoY Change	4.25%	16.26%
% of Operating Profit	11.74%	12.94%
Other Income/Expense, Net	$283.0K	$415.0K
YoY Change	-31.81%	-35.96%
Pretax Income	$28.89M	$25.30M
YoY Change	14.18%	-36.37%
Income Tax	$7.916M	$8.897M
% Of Pretax Income	27.41%	35.17%
Net Earnings	$20.97M	$16.40M
YoY Change	27.86%	-35.37%
Net Earnings / Revenue	3.51%	3.16%
Basic Earnings Per Share	$0.53	$0.42
Diluted Earnings Per Share	$0.50	$0.40
COMMON SHARES
Basic Shares Outstanding	39.84M shares	39.39M shares
Diluted Shares Outstanding	42.36M shares	41.95M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$172.2M	$89.20M
YoY Change	93.05%	-65.82%
Cash & Equivalents	$172.2M	$89.25M
Short-Term Investments
Other Short-Term Assets	$66.60M	$71.90M
YoY Change	-7.37%	89.71%
Inventory	$2.219B	$1.943B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.518B	$2.166B
YoY Change	16.29%	14.51%
LONG-TERM ASSETS
Property, Plant & Equipment	$34.54M	$33.83M
YoY Change	2.12%	26.57%
Goodwill	$33.00M	$32.96M
YoY Change	0.12%
Intangibles
YoY Change
Long-Term Investments	$10.60M	$10.30M
YoY Change	2.91%	-88.23%
Other Assets	$59.00M	$64.70M
YoY Change	-8.81%	-6.5%
Total Long-Term Assets	$196.0M	$200.8M
YoY Change	-2.36%	-15.67%
TOTAL ASSETS
Total Short-Term Assets	$2.518B	$2.166B
Total Long-Term Assets	$196.0M	$200.8M
Total Assets	$2.715B	$2.366B
YoY Change	14.71%	11.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$122.3M	$91.50M
YoY Change	33.66%	20.08%
Accrued Expenses	$135.5M	$130.8M
YoY Change	3.59%	-7.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$310.8M	$265.4M
YoY Change	17.11%	9.76%
LONG-TERM LIABILITIES
Long-Term Debt	$1.119B	$965.8M
YoY Change	15.9%	6.73%
Other Long-Term Liabilities		$0.00
YoY Change
Total Long-Term Liabilities	$1.119B	$965.8M
YoY Change	15.9%	6.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$310.8M	$265.4M
Total Long-Term Liabilities	$1.119B	$965.8M
Total Liabilities	$1.430B	$1.231B
YoY Change	16.17%	7.36%
SHAREHOLDERS EQUITY
Retained Earnings	$720.0M	$586.7M
YoY Change	22.72%	29.39%
Common Stock	$564.3M	$548.6M
YoY Change	2.86%	3.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.284B	$1.135B
YoY Change
Total Liabilities & Shareholders Equity	$2.715B	$2.366B
YoY Change	14.71%	11.14%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$20.97M	$16.40M
YoY Change	27.86%	-35.37%
Depreciation, Depletion And Amortization	$3.402M	$3.211M
YoY Change	5.95%	27.78%
Cash From Operating Activities	-$81.82M	-$38.20M
YoY Change	114.18%	-70.99%
INVESTING ACTIVITIES
Capital Expenditures	$3.940M	$4.589M
YoY Change	-14.14%	-34.4%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$100.0K
YoY Change	-100.0%	104.08%
Cash From Investing Activities	-$3.968M	-$4.600M
YoY Change	-13.74%	-190.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$4.248M	28.80M
YoY Change	-114.75%	-74.61%
NET CHANGE
Cash From Operating Activities	-$81.82M	-38.20M
Cash From Investing Activities	-$3.968M	-4.600M
Cash From Financing Activities	-$4.248M	28.80M
Net Change In Cash	-$90.03M	-14.00M
YoY Change	543.09%	6.22%
FREE CASH FLOW
Cash From Operating Activities	-$81.82M	-$38.20M
Capital Expenditures	$3.940M	$4.589M
Free Cash Flow	-$85.76M	-$42.79M
YoY Change	100.42%	-69.14%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000833079
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	40006424	shares
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	Meritage Homes CORP
CY2015Q4	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	37509000	USD
CY2016Q1	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	44406000	USD
CY2015Q1	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	2421000	USD
CY2016Q1	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	2635000	USD
CY2015Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2544000	USD
CY2016Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2792000	USD
CY2015Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-123000	USD
CY2016Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-157000	USD
CY2016Q1	mth	Entity Operations In Number Of Regions EntityOperationsInNumberOfRegions	3	region
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	7331000	USD
CY2016Q1	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	5631000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7888000	USD
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CY2016Q1	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	4976000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Long Term Debt EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt	13345000	USD
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CY2016Q1	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	3936000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Real Estate Inventory EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory	33366000	USD
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CY2016Q1	mth	Gross Profit Home Building GrossProfitHomeBuilding	103347000	USD
CY2015Q1	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	154000	USD
CY2016Q1	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	449000	USD
CY2015Q1	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	-4999000	USD
CY2016Q1	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	0	USD
CY2015Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	6701000	USD
CY2016Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	5358000	USD
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CY2016Q1	mth	Land Under Option Contract Not Recorded Cash Deposits LandUnderOptionContractNotRecordedCashDeposits	91991000	USD
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CY2015Q4	us-gaap	Goodwill Goodwill	32962000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	32962000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	33000000	USD
CY2016Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2016Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	95641000	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	103796000	USD
CY2015Q1	us-gaap	Home Building Costs HomeBuildingCosts	421786000	USD
CY2016Q1	us-gaap	Home Building Costs HomeBuildingCosts	492270000	USD
CY2015Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	517273000	USD
CY2016Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	595617000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	25297000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	28885000	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2421000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2635000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8897000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7916000	USD
CY2015Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	8710000	USD
CY2016Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	7420000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-3179000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	455000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	5695000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	168000	USD
CY2015Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	3392000	USD
CY2016Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	6442000	USD
CY2015Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	-3767000	USD
CY2016Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	4046000	USD
CY2015Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	58906000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	116035000	USD
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	382000	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	348000	shares
CY2015Q1	us-gaap	Interest Expense InterestExpense	3154000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	3288000	USD
CY2015Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	385000	USD
CY2016Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	400000	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	5995000	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	8811000	USD
CY2015Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2098302000	USD
CY2016Q1	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2219169000	USD
CY2015Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2098302000	USD
CY2016Q1	us-gaap	Inventory Real Estate InventoryRealEstate	2219169000	USD
CY2015Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1196193000	USD
CY2016Q1	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1231513000	USD
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	11370000	USD
CY2016Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	10592000	USD
CY2015Q1	us-gaap	Land Sales LandSales	1439000	USD
CY2016Q1	us-gaap	Land Sales LandSales	2149000	USD
CY2016Q1	us-gaap	Land Under Purchase Options Not Recorded LandUnderPurchaseOptionsNotRecorded	1017764000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	1420840000	USD
CY2016Q1	us-gaap	Liabilities Liabilities	1430204000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2679777000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2714513000	USD
CY2015Q4	us-gaap	Litigation Reserve LitigationReserve	18812000	USD
CY2016Q1	us-gaap	Litigation Reserve LitigationReserve	2117000	USD
CY2015Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	20000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	28752000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-4248000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-4649000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-3968000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-38191000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-81817000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	16400000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	20969000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	16785000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	21369000	USD
CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	9	operating_segment
CY2016Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	state
CY2015Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	32037000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	42167000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	482266000	USD
CY2016Q1	us-gaap	Other Assets OtherAssets	392761000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	415000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	283000	USD
CY2015Q4	us-gaap	Other Notes Payable OtherNotesPayable	23867000	USD
CY2016Q1	us-gaap	Other Notes Payable OtherNotesPayable	25734000	USD
CY2015Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-490000	USD
CY2016Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1048000	USD
CY2015Q4	us-gaap	Other Receivables OtherReceivables	57296000	USD
CY2016Q1	us-gaap	Other Receivables OtherReceivables	60491000	USD
CY2015Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	0	USD
CY2016Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	645000	USD
CY2015Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	104000	USD
CY2016Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	63000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4589000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3940000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	69645000	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	66562000	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	100000000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-3017000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-3893000	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	27000000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2015Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	0	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	645000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	44000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	35000	USD
CY2015Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2834000	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	161000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33970000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	34544000	USD
CY2014Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	54060000	USD
CY2015Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	56843000	USD
CY2015Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	61202000	USD
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	64126000	USD
CY2015Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	9345000	USD
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	11347000	USD
CY2015Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	15282000	USD
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	17559000	USD
CY2015Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	518712000	USD
CY2016Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	597766000	USD
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	73000000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	699048000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	720017000	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	41612000	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	46177000	USD
CY2015Q4	us-gaap	Senior Notes SeniorNotes	1093173000	USD
CY2016Q1	us-gaap	Senior Notes SeniorNotes	1093659000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4630000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4758000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	4150000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	414568	shares
CY2014Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22080000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21839000	USD
CY2015Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21615000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22308000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2869000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2842000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	441000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2628000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	3094000	USD
CY2015Q1	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	804000	USD
CY2016Q1	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1375000	USD
CY2015Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	143440000	shares
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	11200000	shares
CY2015Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2834000	USD
CY2016Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	161000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	1109489000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	1135288000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1258937000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1284309000	USD
CY2015Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	9950000	USD
CY2016Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	10386000	USD
CY2015Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41948000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42363000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39390000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39839000	shares

Files In Submission

Name	View Source	Status
0000833079-16-000168-index-headers.html	Edgar Link	pending
0000833079-16-000168-index.html	Edgar Link	pending
0000833079-16-000168.txt	Edgar Link	pending
0000833079-16-000168-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
meritagehomeslogo2a01a03.jpg	Edgar Link	pending
mth-20160331.xml	Edgar Link	completed
mth-20160331.xsd	Edgar Link	pending
mth-20160331_cal.xml	Edgar Link	unprocessable
mth-20160331_def.xml	Edgar Link	unprocessable
mth-20160331_lab.xml	Edgar Link	unprocessable
mth-20160331_pre.xml	Edgar Link	unprocessable
mth2016-033110q.htm	Edgar Link	pending
mth2016-033110qexhibit311.htm	Edgar Link	pending
mth2016-033110qexhibit312.htm	Edgar Link	pending
mth2016-033110qexhibit321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MTH
Meritage Homes CORP Stock $mth

2016 Q1 Form 10-Q Financial Statement

#000083307916000168 Filed on May 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH Meritage Homes CORP Stock $mth

2016 Q1 Form 10-Q Financial Statement

#000083307916000168 Filed on May 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH
Meritage Homes CORP Stock $mth