$MTH
Meritage Homes CORP Stock $mth

$mth Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000083307917000053 Filed on May 01, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$672.8M	$597.8M
YoY Change	12.55%	15.24%
Cost Of Revenue	$612.7M	$541.4M
YoY Change	13.17%	16.18%
Gross Profit	$109.8M	$103.8M
YoY Change	5.75%	8.53%
Gross Profit Margin	16.32%	17.36%
Selling, General & Admin	$77.94M	$75.80M
YoY Change	2.83%	6.36%
% of Gross Profit	71.01%	73.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.670M	$3.402M
YoY Change	7.88%	5.95%
% of Gross Profit	3.34%	3.28%
Operating Expenses	$77.94M	$75.80M
YoY Change	2.83%	6.36%
Operating Profit	$31.82M	$28.00M
YoY Change	13.64%	14.86%
Interest Expense	$825.0K	$3.288M
YoY Change	-74.91%	4.25%
% of Operating Profit	2.59%	11.74%
Other Income/Expense, Net	$1.110M	$283.0K
YoY Change	292.23%	-31.81%
Pretax Income	$36.77M	$28.89M
YoY Change	27.29%	14.18%
Income Tax	$13.20M	$7.916M
% Of Pretax Income	35.89%	27.41%
Net Earnings	$23.57M	$20.97M
YoY Change	12.41%	27.86%
Net Earnings / Revenue	3.5%	3.51%
Basic Earnings Per Share	$0.59	$0.53
Diluted Earnings Per Share	$0.56	$0.50
COMMON SHARES
Basic Shares Outstanding	40.18M shares	39.84M shares
Diluted Shares Outstanding	42.81M shares	42.36M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$85.70M	$172.2M
YoY Change	-50.23%	93.05%
Cash & Equivalents	$85.69M	$172.2M
Short-Term Investments
Other Short-Term Assets	$79.70M	$66.60M
YoY Change	19.67%	-7.37%
Inventory	$2.513B	$2.219B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.765B	$2.518B
YoY Change	9.77%	16.29%
LONG-TERM ASSETS
Property, Plant & Equipment	$32.70M	$34.54M
YoY Change	-5.34%	2.12%
Goodwill	$32.96M	$33.00M
YoY Change	-0.12%	0.12%
Intangibles
YoY Change
Long-Term Investments	$16.90M	$10.60M
YoY Change	59.43%	2.91%
Other Assets	$53.90M	$59.00M
YoY Change	-8.64%	-8.81%
Total Long-Term Assets	$192.0M	$196.0M
YoY Change	-2.02%	-2.36%
TOTAL ASSETS
Total Short-Term Assets	$2.765B	$2.518B
Total Long-Term Assets	$192.0M	$196.0M
Total Assets	$2.957B	$2.715B
YoY Change	8.92%	14.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$136.8M	$122.3M
YoY Change	11.86%	33.66%
Accrued Expenses	$146.5M	$135.5M
YoY Change	8.12%	3.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$328.2M	$310.8M
YoY Change	5.6%	17.11%
LONG-TERM LIABILITIES
Long-Term Debt	$1.171B	$1.119B
YoY Change	4.65%	15.9%
Other Long-Term Liabilities	$8.500M
YoY Change
Total Long-Term Liabilities	$1.180B	$1.119B
YoY Change	5.4%	15.9%
TOTAL LIABILITIES
Total Short-Term Liabilities	$328.2M	$310.8M
Total Long-Term Liabilities	$1.180B	$1.119B
Total Liabilities	$1.508B	$1.430B
YoY Change	5.45%	16.17%
SHAREHOLDERS EQUITY
Retained Earnings	$872.2M	$720.0M
YoY Change	21.13%	22.72%
Common Stock	$576.2M	$564.3M
YoY Change	2.11%	2.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.448B	$1.284B
YoY Change
Total Liabilities & Shareholders Equity	$2.957B	$2.715B
YoY Change	8.92%	14.71%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$23.57M	$20.97M
YoY Change	12.41%	27.86%
Depreciation, Depletion And Amortization	$3.670M	$3.402M
YoY Change	7.88%	5.95%
Cash From Operating Activities	-$84.77M	-$81.82M
YoY Change	3.6%	114.18%
INVESTING ACTIVITIES
Capital Expenditures	$3.238M	$3.940M
YoY Change	-17.82%	-14.14%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$3.199M	-$3.968M
YoY Change	-19.38%	-13.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$41.95M	-$4.248M
YoY Change	-1087.57%	-114.75%
NET CHANGE
Cash From Operating Activities	-$84.77M	-$81.82M
Cash From Investing Activities	-$3.199M	-$3.968M
Cash From Financing Activities	$41.95M	-$4.248M
Net Change In Cash	-$46.01M	-$90.03M
YoY Change	-48.89%	543.09%
FREE CASH FLOW
Cash From Operating Activities	-$84.77M	-$81.82M
Capital Expenditures	$3.238M	$3.940M
Free Cash Flow	-$88.00M	-$85.76M
YoY Change	2.62%	100.42%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1258937000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000833079
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	40314092	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Meritage Homes CORP
CY2016Q4	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	53778000	USD
CY2017Q1	mth	Accruals Related To Real Estate Development And Construction Activities AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities	51050000	USD
CY2016Q1	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	2635000	USD
CY2017Q1	mth	Adjusted Net Income Lossfrom Equity Method Investments AdjustedNetIncomeLossfromEquityMethodInvestments	3182000	USD
CY2016Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2792000	USD
CY2017Q1	mth	Earnings From Financial Services Unconsolidated Entities And Other Net EarningsFromFinancialServicesUnconsolidatedEntitiesAndOtherNet	2725000	USD
CY2016Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	-157000	USD
CY2017Q1	mth	Earnings From Other Unconsolidated Entities Net EarningsFromOtherUnconsolidatedEntitiesNet	373000	USD
CY2017Q1	mth	Entity Operations In Number Of Regions EntityOperationsInNumberOfRegions	3	region
CY2016Q4	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	7339000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	5506000	USD
CY2016Q4	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7446000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Cash And Cash Equivalent EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent	7533000	USD
CY2016Q1	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	4976000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Costs And Expenses EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses	4480000	USD
CY2016Q4	mth	Equity Method Investment Summarized Financial Information Long Term Debt EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt	23000000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Long Term Debt EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt	23332000	USD
CY2016Q4	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	6461000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	4166000	USD
CY2016Q4	mth	Equity Method Investment Summarized Financial Information Real Estate Inventory EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory	54319000	USD
CY2017Q1	mth	Equity Method Investment Summarized Financial Information Real Estate Inventory EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory	54252000	USD
CY2016Q1	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	4046000	USD
CY2017Q1	mth	Financial Services Operating Profit FinancialServicesOperatingProfit	4290000	USD
CY2016Q1	mth	Gross Profit Home Building GrossProfitHomeBuilding	103347000	USD
CY2017Q1	mth	Gross Profit Home Building GrossProfitHomeBuilding	107268000	USD
CY2016Q1	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	449000	USD
CY2017Q1	mth	Gross Profit Loss Land Sales GrossProfitLossLandSales	2495000	USD
CY2016Q1	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	0	USD
CY2017Q1	mth	Increase Decrease In Land Under Purchase Options Recorded IncreaseDecreaseInLandUnderPurchaseOptionsRecorded	9987000	USD
CY2016Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	5358000	USD
CY2017Q1	mth	Increase Decreasein Real Estate Acquired Through Notes Payable IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable	1673000	USD
CY2016Q4	mth	Inventory Model Homes InventoryModelHomes	147406000	USD
CY2017Q1	mth	Inventory Model Homes InventoryModelHomes	149872000	USD
CY2016Q4	mth	Inventory Sold Homes Under Construction InventorySoldHomesUnderConstruction	508927000	USD
CY2017Q1	mth	Inventory Sold Homes Under Construction InventorySoldHomesUnderConstruction	617790000	USD
CY2016Q4	mth	Inventory Unsold Homes Completed And Under Construction InventoryUnsoldHomesCompletedAndUnderConstruction	431725000	USD
CY2017Q1	mth	Inventory Unsold Homes Completed And Under Construction InventoryUnsoldHomesCompletedAndUnderConstruction	395841000	USD
CY2017Q1	mth	Land Under Option Contract Not Recorded Cash Deposits LandUnderOptionContractNotRecordedCashDeposits	78526000	USD
CY2017Q1	mth	Land Under Option Contract Not Recorded Number Of Lots LandUnderOptionContractNotRecordedNumberOfLots	20044	lot
CY2017Q1	mth	Land Under Option Contracts Not Recorded Non Refundable Committed LandUnderOptionContractsNotRecordedNonRefundableCommitted	386834000	USD
CY2017Q1	mth	Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits	49858000	USD
CY2017Q1	mth	Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots	4903	lot
CY2017Q1	mth	Land Under Purchase And Option Contracts LandUnderPurchaseAndOptionContracts	1023505000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Cash Deposits LandUnderPurchaseAndOptionContractsCashDeposits	80024000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Committed LandUnderPurchaseAndOptionContractsCommitted	743271000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Committed Cash Deposits LandUnderPurchaseAndOptionContractsCommittedCashDeposits	75814000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Committed Number Of Lots LandUnderPurchaseAndOptionContractsCommittedNumberOfLots	11477	lot
CY2017Q1	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted	280234000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits	4210000	USD
CY2017Q1	mth	Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots	8632	lot
CY2017Q1	mth	Land Under Purchase And Option Contracts Number Of Lots LandUnderPurchaseAndOptionContractsNumberOfLots	20109	lot
CY2017Q1	mth	Land Under Purchase Contracts And Options Recorded LandUnderPurchaseContractsAndOptionsRecorded	9987000	USD
CY2017Q1	mth	Land Under Purchase Contracts And Options Recorded Cash Deposits LandUnderPurchaseContractsAndOptionsRecordedCashDeposits	1498000	USD
CY2017Q1	mth	Land Under Purchase Contracts And Options Recorded Number Of Lots LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots	65	lot
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed LandUnderPurchaseContractsNotRecordedNonRefundableCommitted	279229000	USD
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits	21795000	USD
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots	5336	lot
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Refundable Committed LandUnderPurchaseContractsNotRecordedRefundableCommitted	67221000	USD
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits	2663000	USD
CY2017Q1	mth	Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots	1173	lot
CY2016Q4	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	0	USD
CY2017Q1	mth	Liabilities Related To Inventory Real Estate Not Owned LiabilitiesRelatedToInventoryRealEstateNotOwned	8489000	USD
CY2017Q1	mth	Numberof Business Segments NumberofBusinessSegments	2	segment
CY2017Q1	mth	Numberof Communitiesin Which Homesare Sold NumberofCommunitiesinWhichHomesareSold	256	community
CY2016Q4	mth	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding	1147271	shares
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CY2016Q1	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-516000	USD
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CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	68000	shares
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CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	172175000	USD
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CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	85689000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-90033000	USD
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CY2016Q4	us-gaap	Common Stock Value CommonStockValue	400000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	403000	USD
CY2016Q1	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	493970000	USD
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CY2016Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	28348000	USD
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CY2017Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3280000	USD
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CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	23642000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	22442000	USD
CY2016Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	6095000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	3119000	USD
CY2016Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	11071000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	7599000	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	-516000	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	-516000	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	0	USD
CY2016Q1	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	6541000	USD
CY2017Q1	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	11573000	USD
CY2016Q1	us-gaap	Financial Services Costs FinancialServicesCosts	1246000	USD
CY2017Q1	us-gaap	Financial Services Costs FinancialServicesCosts	1379000	USD
CY2016Q1	us-gaap	Financial Services Revenue FinancialServicesRevenue	2500000	USD
CY2017Q1	us-gaap	Financial Services Revenue FinancialServicesRevenue	2944000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	29618000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	29622000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	32962000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	33000000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	32962000	USD
CY2017Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2017Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	103796000	USD
CY2017Q1	us-gaap	Gross Profit GrossProfit	109763000	USD
CY2016Q1	us-gaap	Home Building Costs HomeBuildingCosts	492270000	USD
CY2017Q1	us-gaap	Home Building Costs HomeBuildingCosts	553349000	USD
CY2016Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	595617000	USD
CY2017Q1	us-gaap	Home Building Revenue HomeBuildingRevenue	660617000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	28885000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	36769000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2635000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3098000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7916000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13197000	USD
CY2016Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	7420000	USD
CY2017Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	10485000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	455000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-16064000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	168000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	20162000	USD
CY2016Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	6442000	USD
CY2017Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	4449000	USD
CY2016Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	4046000	USD
CY2017Q1	us-gaap	Increase Decrease In Deposits Outstanding IncreaseDecreaseInDepositsOutstanding	-5532000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	116035000	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	89222000	USD
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	2176000	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	348000	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	454000	shares
CY2016Q1	us-gaap	Interest Expense InterestExpense	3288000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	825000	USD
CY2016Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	400000	USD
CY2017Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	387000	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	-8811000	USD
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	-10930000	USD
CY2016Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2422063000	USD
CY2017Q1	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2512853000	USD
CY2016Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2422063000	USD
CY2017Q1	us-gaap	Inventory Real Estate InventoryRealEstate	2512853000	USD
CY2016Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1334005000	USD
CY2017Q1	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1349350000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	17100000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	17097000	USD
CY2017Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	16900000	USD
CY2017Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	16928000	USD
CY2016Q1	us-gaap	Land Sales LandSales	2149000	USD
CY2017Q1	us-gaap	Land Sales LandSales	12155000	USD
CY2017Q1	us-gaap	Land Under Purchase Options Not Recorded LandUnderPurchaseOptionsNotRecorded	1013518000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	1467196000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	1508182000	USD
CY2016Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	0	USD
CY2017Q1	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	9987000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2888691000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2956547000	USD
CY2016Q4	us-gaap	Litigation Reserve LitigationReserve	673000	USD
CY2017Q1	us-gaap	Litigation Reserve LitigationReserve	875000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4248000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	41952000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3968000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3199000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-81817000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-84766000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	20969000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	23572000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	21369000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	23959000	USD
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	9	operating_segment
CY2017Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	state
CY2017Q1	us-gaap	Operating Loss Carryforwards Valuation Allowance OperatingLossCarryforwardsValuationAllowance	0	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	31163000	USD
CY2017Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	41461000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	363975000	USD
CY2017Q1	us-gaap	Other Assets OtherAssets	348240000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	283000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1110000	USD
CY2016Q4	us-gaap	Other Notes Payable OtherNotesPayable	32195000	USD
CY2017Q1	us-gaap	Other Notes Payable OtherNotesPayable	75820000	USD
CY2016Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1048000	USD
CY2017Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-18000	USD
CY2016Q4	us-gaap	Other Receivables OtherReceivables	70355000	USD
CY2017Q1	us-gaap	Other Receivables OtherReceivables	86232000	USD
CY2016Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	645000	USD
CY2017Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	1226000	USD
CY2016Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	63000	USD
CY2017Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	10000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3940000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3238000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	161000	USD
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	75396000	USD
CY2017Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	79749000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	160000000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-3893000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-3048000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	45000000	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	645000	USD
CY2017Q1	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	1226000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	35000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	49000	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	161000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33202000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	32700000	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
CY2016Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	68196000	USD
CY2017Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	70885000	USD
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	11347000	USD
CY2017Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	14381000	USD
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	17559000	USD
CY2017Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	17895000	USD
CY2016Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	597766000	USD
CY2017Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	672772000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	115000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	848589000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	872161000	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	46177000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	48320000	USD
CY2016Q4	us-gaap	Senior Notes SeniorNotes	1095119000	USD
CY2017Q1	us-gaap	Senior Notes SeniorNotes	1095606000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4758000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3295000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	5350000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1057842	shares
CY2015Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	21615000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22308000	USD
CY2016Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22660000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	22477000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2842000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	3998000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	441000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	0	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	3094000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	3815000	USD
CY2016Q1	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1375000	USD
CY2017Q1	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1624000	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	11200	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1284309000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1421495000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1448365000	USD
CY2016Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	9637000	USD
CY2017Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	12143000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42363000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42808000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39839000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40178000	shares

Files In Submission

Name	View Source	Status
0000833079-17-000053-index-headers.html	Edgar Link	pending
0000833079-17-000053-index.html	Edgar Link	pending
0000833079-17-000053.txt	Edgar Link	pending
0000833079-17-000053-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mhlogo1linetag.jpg	Edgar Link	pending
mth-20170331.xml	Edgar Link	completed
mth-20170331.xsd	Edgar Link	pending
mth-20170331_cal.xml	Edgar Link	unprocessable
mth-20170331_def.xml	Edgar Link	unprocessable
mth-20170331_lab.xml	Edgar Link	unprocessable
mth-20170331_pre.xml	Edgar Link	unprocessable
mth2017-033110q.htm	Edgar Link	pending
mth2017-033110qexhibit311.htm	Edgar Link	pending
mth2017-033110qexhibit312.htm	Edgar Link	pending
mth2017-033110qexhibit321.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

2017 Q1 Form 10-Q Financial Statement

#000083307917000053 Filed on May 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH Meritage Homes CORP Stock $mth

2017 Q1 Form 10-Q Financial Statement

#000083307917000053 Filed on May 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTH
Meritage Homes CORP Stock $mth