$MTH
Meritage Homes CORP Stock $mth

$mth Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000083307916000187 Filed on August 01, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$797.9M	$597.8M
YoY Change	33.47%	18.24%
Cost Of Revenue	$717.7M	$529.6M
YoY Change	35.52%	22.37%
Gross Profit	$138.1M	$114.7M
YoY Change	20.35%	4.31%
Gross Profit Margin	17.31%	19.2%
Selling, General & Admin	$85.28M	$72.82M
YoY Change	17.11%	20.01%
% of Gross Profit	61.75%	63.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.200M	$3.500M
YoY Change	20.0%	29.63%
% of Gross Profit	3.04%	3.05%
Operating Expenses	$85.28M	$72.82M
YoY Change	17.11%	20.01%
Operating Profit	$52.83M	$41.93M
YoY Change	25.98%	-26.02%
Interest Expense	$1.672M	$4.621M
YoY Change	-63.82%	231.02%
% of Operating Profit	3.17%	11.02%
Other Income/Expense, Net	$1.545M	$136.0K
YoY Change	1036.03%	-96.37%
Pretax Income	$59.04M	$41.41M
YoY Change	42.55%	-25.02%
Income Tax	$19.16M	$12.28M
% Of Pretax Income	32.45%	29.65%
Net Earnings	$39.88M	$29.13M
YoY Change	36.88%	-16.95%
Net Earnings / Revenue	5.0%	4.87%
Basic Earnings Per Share	$1.00	$0.73
Diluted Earnings Per Share	$0.95	$0.70
COMMON SHARES
Basic Shares Outstanding	40.01M shares	39.65M shares
Diluted Shares Outstanding	42.53M shares	42.15M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$128.2M	$217.0M
YoY Change	-40.92%	-5.9%
Cash & Equivalents	$128.2M	$217.0M
Short-Term Investments
Other Short-Term Assets	$67.40M	$76.10M
YoY Change	-11.43%	79.06%
Inventory	$2.301B	$2.027B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.566B	$2.385B
YoY Change	7.58%	21.57%
LONG-TERM ASSETS
Property, Plant & Equipment	$34.01M	$33.74M
YoY Change	0.79%	17.04%
Goodwill	$33.00M	$32.96M
YoY Change	0.12%
Intangibles
YoY Change
Long-Term Investments	$11.20M	$10.30M
YoY Change	8.74%	-85.24%
Other Assets	$58.80M	$65.70M
YoY Change	-10.5%	-3.81%
Total Long-Term Assets	$195.5M	$201.8M
YoY Change	-3.13%	-12.61%
TOTAL ASSETS
Total Short-Term Assets	$2.566B	$2.385B
Total Long-Term Assets	$195.5M	$201.8M
Total Assets	$2.761B	$2.587B
YoY Change	6.75%	17.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$126.0M	$103.1M
YoY Change	22.21%	22.74%
Accrued Expenses	$143.2M	$133.0M
YoY Change	7.67%	-12.38%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$320.3M	$279.5M
YoY Change	14.6%	6.15%
LONG-TERM LIABILITIES
Long-Term Debt	$1.114B	$1.139B
YoY Change	-2.19%	25.87%
Other Long-Term Liabilities		$0.00
YoY Change		-100.0%
Total Long-Term Liabilities	$1.114B	$1.139B
YoY Change	-2.19%	25.28%
TOTAL LIABILITIES
Total Short-Term Liabilities	$320.3M	$279.5M
Total Long-Term Liabilities	$1.114B	$1.139B
Total Liabilities	$1.434B	$1.418B
YoY Change	1.13%	20.98%
SHAREHOLDERS EQUITY
Retained Earnings	$759.9M	$615.8M
YoY Change	23.39%	26.06%
Common Stock	$566.9M	$552.5M
YoY Change	2.61%	3.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.327B	$1.168B
YoY Change
Total Liabilities & Shareholders Equity	$2.761B	$2.587B
YoY Change	6.75%	17.97%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$39.88M	$29.13M
YoY Change	36.88%	-16.95%
Depreciation, Depletion And Amortization	$4.200M	$3.500M
YoY Change	20.0%	29.63%
Cash From Operating Activities	-$28.80M	-$38.70M
YoY Change	-25.58%	-5.84%
INVESTING ACTIVITIES
Capital Expenditures	-$3.700M	-$3.200M
YoY Change	15.62%	-34.69%
Acquisitions
YoY Change
Other Investing Activities	-$100.0K	-$100.0K
YoY Change	0.0%	-100.57%
Cash From Investing Activities	-$3.600M	-$3.400M
YoY Change	5.88%	-126.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-11.60M	169.9M
YoY Change	-106.83%	-8595.0%
NET CHANGE
Cash From Operating Activities	-28.80M	-38.70M
Cash From Investing Activities	-3.600M	-3.400M
Cash From Financing Activities	-11.60M	169.9M
Net Change In Cash	-44.00M	127.8M
YoY Change	-134.43%	-520.39%
FREE CASH FLOW
Cash From Operating Activities	-$28.80M	-$38.70M
Capital Expenditures	-$3.700M	-$3.200M
Free Cash Flow	-$25.10M	-$35.50M
YoY Change	-29.3%	-1.93%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000833079
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	40018044	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Meritage Homes CORP
CY2015Q4	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	37509000	USD
CY2016Q2	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	55562000	USD
CY2015Q2	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	2588000	USD
	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	5009000	USD
CY2016Q2	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	4402000	USD
	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	7038000	USD
CY2015Q2	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2757000	USD
	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	5301000	USD
CY2016Q2	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	3795000	USD
	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	6587000	USD
CY2015Q2	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-169000	USD
	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-292000	USD
CY2016Q2	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	573000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7570000	USD
	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	416000	USD
CY2016Q2	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
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	6129000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7888000	USD
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7894000	USD
CY2015Q2	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	4213000	USD
	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	7408000	USD
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	4670000	USD
	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	9646000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Long Term Debt EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt	13345000	USD
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Long Term Debt EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt	13345000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	4514000	USD
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	5748000	USD
CY2015Q4	mth	Equity Method Investment Summarized Financial Information Real Estate Inventory EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory	33366000	USD
CY2016Q2	mth	Equity Method Investment Summarized Financial Information Real Estate Inventory EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory	32434000	USD
CY2015Q2	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	4136000	USD
	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	7916000	USD
CY2016Q2	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	5763000	USD
	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	9809000	USD
CY2015Q2	mth	Gross Profit Home Building GrossProfitHomeBuilding	114237000	USD
	mth	Gross Profit Home Building GrossProfitHomeBuilding	209724000	USD
CY2016Q2	mth	Gross Profit Home Building GrossProfitHomeBuilding	137746000	USD
	mth	Gross Profit Home Building GrossProfitHomeBuilding	241093000	USD
CY2015Q2	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	512000	USD
	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	666000	USD
CY2016Q2	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	358000	USD
	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	807000	USD
	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	-4999000	USD
	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	0	USD
	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	7143000	USD
	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	11101000	USD
CY2015Q4	mth	Inventory Model Homes InventoryModelHomes	138546000	USD
CY2016Q2	mth	Inventory Model Homes InventoryModelHomes	146707000	USD
CY2015Q4	mth	Inventory Sold Homes Under Construction InventorySoldHomesUnderConstruction	456138000	USD
CY2016Q2	mth	Inventory Sold Homes Under Construction InventorySoldHomesUnderConstruction	607390000	USD
CY2015Q4	mth	Inventory Unsold Homes Completed And Under Construction InventoryUnsoldHomesCompletedAndUnderConstruction	307425000	USD
CY2016Q2	mth	Inventory Unsold Homes Completed And Under Construction InventoryUnsoldHomesCompletedAndUnderConstruction	274824000	USD
CY2016Q2	mth	Land Under Option Contract Not Recorded Cash Deposits LandUnderOptionContractNotRecordedCashDeposits	91444000	USD
CY2016Q2	mth	Land Under Option Contract Not Recorded Number Of Lots LandUnderOptionContractNotRecordedNumberOfLots	16610	lot
CY2016Q2	mth	Land Under Option Contracts Not Recorded Non Refundable Committed LandUnderOptionContractsNotRecordedNonRefundableCommitted	478880000	USD
CY2016Q2	mth	Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits	69466000	USD
CY2016Q2	mth	Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots	4989	lot
CY2016Q2	mth	Land Under Purchase And Option Contracts LandUnderPurchaseAndOptionContracts	1086727000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Cash Deposits LandUnderPurchaseAndOptionContractsCashDeposits	91444000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Committed LandUnderPurchaseAndOptionContractsCommitted	759818000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted	326909000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Committed Cash Deposits LandUnderPurchaseAndOptionContractsCommittedCashDeposits	85823000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Committed Number Of Lots LandUnderPurchaseAndOptionContractsCommittedNumberOfLots	10035	lot
CY2016Q2	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits	5621000	USD
CY2016Q2	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots	6575	lot
CY2016Q2	mth	Land Under Purchase And Option Contracts Number Of Lots LandUnderPurchaseAndOptionContractsNumberOfLots	16610	lot
CY2016Q2	mth	Land Under Purchase Contracts And Options Recorded LandUnderPurchaseContractsAndOptionsRecorded	0	USD
CY2016Q2	mth	Land Under Purchase Contracts And Options Recorded Cash Deposits LandUnderPurchaseContractsAndOptionsRecordedCashDeposits	0	USD
CY2016Q2	mth	Land Under Purchase Contracts And Options Recorded Number Of Lots LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots	0	lot
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed LandUnderPurchaseContractsNotRecordedNonRefundableCommitted	204837000	USD
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits	13318000	USD
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots	3771	lot
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Refundable Committed LandUnderPurchaseContractsNotRecordedRefundableCommitted	76101000	USD
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits	3039000	USD
CY2016Q2	mth	Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots	1275	lot
	mth	Numberof Business Segments NumberofBusinessSegments	2	segment
CY2016Q2	mth	Numberof Communitiesin Which Homesare Sold NumberofCommunitiesinWhichHomesareSold	241	community
CY2015Q4	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1078877	shares
CY2016Q2	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1224785	shares
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	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	2012000	USD
	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-526000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8465000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7313000	USD
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	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8465000	USD
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	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7313000	USD
CY2015Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	14000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7000	shares
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	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	19000	shares
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CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	103333000	USD
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	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	113688000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-134037000	USD
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CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
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CY2015Q4	us-gaap	Common Stock Value CommonStockValue	397000	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	400000	USD
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	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	906123000	USD
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	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	1153762000	USD
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	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	7547000	USD
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	us-gaap	Costs Of Real Estate Services And Land Sales CostsOfRealEstateServicesAndLandSales	3393000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6729000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7600000	USD
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.15
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.52
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	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.10
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	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.45
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.297
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.317
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	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.308
CY2015Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	41240000	USD
CY2016Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	33272000	USD
CY2015Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	18545000	USD
CY2016Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	25139000	USD
CY2015	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y4M1D
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y29D
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	5769000	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	7343000	USD
CY2015Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	45768000	USD
CY2015Q4	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	16898000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	17891000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	46076000	USD
CY2015Q4	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	8194000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	8711000	USD
CY2015Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	45768000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	46076000	USD
CY2015Q2	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	4200000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	7746000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	5760000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	11855000	USD
CY2015Q2	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	8413000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	15154000	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	10430000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	21501000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	2012000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	-526000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	2012000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	-526000	USD
CY2015Q2	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	11767000	USD
	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	19427000	USD
CY2016Q2	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	16568000	USD
	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	23109000	USD
CY2015Q2	us-gaap	Financial Services Costs FinancialServicesCosts	1362000	USD
	us-gaap	Financial Services Costs FinancialServicesCosts	2661000	USD
CY2016Q2	us-gaap	Financial Services Costs FinancialServicesCosts	1508000	USD
	us-gaap	Financial Services Costs FinancialServicesCosts	2754000	USD
CY2015Q2	us-gaap	Financial Services Revenue FinancialServicesRevenue	2741000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	5276000	USD
CY2016Q2	us-gaap	Financial Services Revenue FinancialServicesRevenue	3476000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	5976000	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	27650000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	57300000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	28898000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	58516000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	32962000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	32962000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	33000000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	114749000	USD
	us-gaap	Gross Profit GrossProfit	210390000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	138104000	USD
	us-gaap	Gross Profit GrossProfit	241900000	USD
CY2015Q2	us-gaap	Home Building Costs HomeBuildingCosts	476790000	USD
	us-gaap	Home Building Costs HomeBuildingCosts	898576000	USD
CY2016Q2	us-gaap	Home Building Costs HomeBuildingCosts	658099000	USD
	us-gaap	Home Building Costs HomeBuildingCosts	1150369000	USD
CY2015Q2	us-gaap	Home Building Revenue HomeBuildingRevenue	591027000	USD
	us-gaap	Home Building Revenue HomeBuildingRevenue	1108300000	USD
CY2016Q2	us-gaap	Home Building Revenue HomeBuildingRevenue	795845000	USD
	us-gaap	Home Building Revenue HomeBuildingRevenue	1391462000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	41414000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	66711000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	59036000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	87921000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5009000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	7003000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12281000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	21178000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	19158000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	27074000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	27227000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	24722000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4996000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	12944000	USD
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	10346000	USD
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	9368000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	9349000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	3449000	USD
	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	-3604000	USD
	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	3551000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	144450000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	193981000	USD
CY2015Q2	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
CY2016Q2	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
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	321000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	383000	shares
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	345000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	375000	shares
CY2015Q2	us-gaap	Interest Expense InterestExpense	4621000	USD
	us-gaap	Interest Expense InterestExpense	7775000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	1672000	USD
	us-gaap	Interest Expense InterestExpense	4960000	USD
CY2015Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	386000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	771000	USD
CY2016Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	400000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	801000	USD
	us-gaap	Interest Paid Net InterestPaidNet	4061000	USD
	us-gaap	Interest Paid Net InterestPaidNet	2672000	USD
CY2015Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2098302000	USD
CY2016Q2	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2301305000	USD
CY2015Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2098302000	USD
CY2016Q2	us-gaap	Inventory Real Estate InventoryRealEstate	2301305000	USD
CY2015Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1196193000	USD
CY2016Q2	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1272384000	USD
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	11370000	USD
CY2016Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	11188000	USD
CY2015Q2	us-gaap	Land Sales LandSales	6774000	USD
	us-gaap	Land Sales LandSales	8213000	USD
CY2016Q2	us-gaap	Land Sales LandSales	2051000	USD
	us-gaap	Land Sales LandSales	4200000	USD
CY2016Q2	us-gaap	Land Under Purchase Options Not Recorded LandUnderPurchaseOptionsNotRecorded	1086727000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	1420840000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	1434352000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2679777000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2761155000	USD
CY2015Q4	us-gaap	Litigation Reserve LitigationReserve	18812000	USD
CY2016Q2	us-gaap	Litigation Reserve LitigationReserve	1659000	USD
CY2015Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	20000000	USD
CY2016Q2	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	100000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	198685000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-15776000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8049000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7642000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-76948000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-110619000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	29133000	USD
	us-gaap	Net Income Loss NetIncomeLoss	45533000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	39878000	USD
	us-gaap	Net Income Loss NetIncomeLoss	60847000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	29519000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	46304000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	40278000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	61648000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	9	operating_segment
CY2016Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	state
CY2015Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	32037000	USD
CY2016Q2	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	29958000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	482266000	USD
CY2016Q2	us-gaap	Other Assets OtherAssets	357218000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	136000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	551000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1545000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1828000	USD
CY2015Q4	us-gaap	Other Notes Payable OtherNotesPayable	23867000	USD
CY2016Q2	us-gaap	Other Notes Payable OtherNotesPayable	19889000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	424000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3262000	USD
CY2015Q4	us-gaap	Other Receivables OtherReceivables	57296000	USD
CY2016Q2	us-gaap	Other Receivables OtherReceivables	68837000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2955000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	0	USD
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	645000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	282000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	159000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7829000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	69645000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	67361000	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	200000000	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
CY2015Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	110000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	210000000	USD
CY2016Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	56000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	56000000	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-3211000	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-15482000	USD
	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	0	USD
	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	645000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	62000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	87000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2839000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	232000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33970000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	34009000	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
CY2015Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	58870000	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
CY2016Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	64682000	USD
CY2015Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	9878000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	19223000	USD
CY2016Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	15485000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	26832000	USD
CY2015Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	16526000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	31808000	USD
CY2016Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	17713000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	35272000	USD
CY2015Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	597801000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	1116513000	USD
CY2016Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	797896000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	1395662000	USD
CY2015Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	137000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	210000000	USD
CY2016Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	56000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	56000000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	699048000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	759895000	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	45167000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	86779000	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	56379000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	102556000	USD
CY2015Q4	us-gaap	Senior Notes SeniorNotes	1093173000	USD
CY2016Q2	us-gaap	Senior Notes SeniorNotes	1094146000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	8465000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7313000	USD
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	5350000	shares
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1663019	shares
CY2014Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22080000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21839000	USD
CY2015Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21993000	USD
CY2015Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21615000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22308000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22699000	USD
CY2015Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	3592000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	6461000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	3757000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	6599000	USD
CY2015Q2	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	750000	USD
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	750000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	-275000	USD
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	-275000	USD
CY2015Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2996000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	5624000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	4423000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	7958000	USD
CY2015Q2	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	514000	USD
	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1751000	USD
CY2016Q2	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	2590000	USD
	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	3965000	USD
CY2015Q2	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	200000	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	143640000	shares
CY2016Q2	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	3200000	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	14400000	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2839000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	232000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	1109489000	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	1168338000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1258937000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	1326803000	USD
CY2015Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	9950000	USD
CY2016Q2	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	11493000	USD
CY2015Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42145000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42079000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42533000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42477000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39648000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39520000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40012000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39926000	shares

Files In Submission

Name	View Source	Status
0000833079-16-000187-index-headers.html	Edgar Link	pending
0000833079-16-000187-index.html	Edgar Link	pending
0000833079-16-000187.txt	Edgar Link	pending
0000833079-16-000187-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
meritagehomeslogo2a01a03.jpg	Edgar Link	pending
mth-20160630.xml	Edgar Link	completed
mth-20160630.xsd	Edgar Link	pending
mth-20160630_cal.xml	Edgar Link	unprocessable
mth-20160630_def.xml	Edgar Link	unprocessable
mth-20160630_lab.xml	Edgar Link	unprocessable
mth-20160630_pre.xml	Edgar Link	unprocessable
mth2016-063010q.htm	Edgar Link	pending
mth2016-063010qexhibit311.htm	Edgar Link	pending
mth2016-063010qexhibit312.htm	Edgar Link	pending
mth2016-063010qexhibit321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
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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

2016 Q2 Form 10-Q Financial Statement

#000083307916000187 Filed on August 01, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH Meritage Homes CORP Stock $mth

2016 Q2 Form 10-Q Financial Statement

#000083307916000187 Filed on August 01, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH
Meritage Homes CORP Stock $mth