$MTH
Meritage Homes CORP

2019 Q2 Form 10-Q Financial Statement

#000083307919000095 Filed on July 29, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $868.8M $877.5M
YoY Change -0.99% 9.42%
Cost Of Revenue $769.1M $781.2M
YoY Change -1.55% 8.91%
Gross Profit $99.70M $158.8M
YoY Change -37.23% 12.72%
Gross Profit Margin 11.48% 18.1%
Selling, General & Admin $94.90M $95.03M
YoY Change -0.13% 12.74%
% of Gross Profit 95.19% 59.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.600M $6.700M
YoY Change -1.49% 59.52%
% of Gross Profit 6.62% 4.22%
Operating Expenses $94.90M $95.03M
YoY Change -0.13% 12.74%
Operating Profit $4.796M $63.80M
YoY Change -92.48% 12.69%
Interest Expense $3.197M $44.00K
YoY Change 7165.91% -97.28%
% of Operating Profit 66.66% 0.07%
Other Income/Expense, Net $2.368M $1.778M
YoY Change 33.18% -14.52%
Pretax Income $67.67M $71.19M
YoY Change -4.93% 12.63%
Income Tax $16.85M $17.35M
% Of Pretax Income 24.89% 24.37%
Net Earnings $50.83M $53.84M
YoY Change -5.59% 29.48%
Net Earnings / Revenue 5.85% 6.14%
Basic Earnings Per Share $1.33 $1.32
Diluted Earnings Per Share $1.31 $1.31
COMMON SHARES
Basic Shares Outstanding 38.27M shares 40.65M shares
Diluted Shares Outstanding 38.89M shares 41.16M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $407.4M $169.4M
YoY Change 140.5% -21.83%
Cash & Equivalents $407.4M $205.8M
Short-Term Investments
Other Short-Term Assets $108.3M $84.20M
YoY Change 28.62% 1.32%
Inventory $2.736B $2.870B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.334B $3.202B
YoY Change 4.11% 6.33%
LONG-TERM ASSETS
Property, Plant & Equipment $54.16M $52.12M
YoY Change 3.9% 59.79%
Goodwill $32.96M $32.96M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.600M $16.60M
YoY Change -54.22% -0.6%
Other Assets $25.20M $36.30M
YoY Change -30.58% -34.36%
Total Long-Term Assets $133.2M $192.9M
YoY Change -30.96% 1.85%
TOTAL ASSETS
Total Short-Term Assets $3.334B $3.202B
Total Long-Term Assets $133.2M $192.9M
Total Assets $3.467B $3.395B
YoY Change 2.12% 6.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.2M $154.8M
YoY Change -8.79% 10.57%
Accrued Expenses $177.6M $158.6M
YoY Change 11.98% 3.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $360.9M $365.7M
YoY Change -1.31% 6.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.308B $1.311B
YoY Change -0.26% -3.4%
Other Long-Term Liabilities $35.00M
YoY Change 311.76%
Total Long-Term Liabilities $1.308B $1.346B
YoY Change -2.85% -1.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $360.9M $365.7M
Total Long-Term Liabilities $1.308B $1.346B
Total Liabilities $1.669B $1.712B
YoY Change -2.52% 0.22%
SHAREHOLDERS EQUITY
Retained Earnings $1.295B $1.089B
YoY Change 18.9% 19.18%
Common Stock $503.3M $594.0M
YoY Change -15.27% 2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.798B $1.683B
YoY Change
Total Liabilities & Shareholders Equity $3.467B $3.395B
YoY Change 2.12% 6.07%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $50.83M $53.84M
YoY Change -5.59% 29.48%
Depreciation, Depletion And Amortization $6.600M $6.700M
YoY Change -1.49% 59.52%
Cash From Operating Activities $81.00M $6.800M
YoY Change 1091.18% -114.81%
INVESTING ACTIVITIES
Capital Expenditures -$6.900M -$9.300M
YoY Change -25.81% 82.35%
Acquisitions
YoY Change
Other Investing Activities $7.300M -$300.0K
YoY Change -2533.33% -133.33%
Cash From Investing Activities $500.0K -$9.700M
YoY Change -105.15% 130.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.700M -300.0K
YoY Change 466.67% -100.17%
NET CHANGE
Cash From Operating Activities 81.00M 6.800M
Cash From Investing Activities 500.0K -9.700M
Cash From Financing Activities -1.700M -300.0K
Net Change In Cash 79.80M -3.200M
YoY Change -2593.75% -102.44%
FREE CASH FLOW
Cash From Operating Activities $81.00M $6.800M
Capital Expenditures -$6.900M -$9.300M
Free Cash Flow $87.90M $16.10M
YoY Change 445.96% -139.46%

Facts In Submission

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InterestPayableCurrentAndNoncurrent
13296000 USD
CY2019Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
9813000 USD
CY2018Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
7548000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34227000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
9215000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
17668000 USD
CY2019Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
187411000 USD
CY2018Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
177862000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23213000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23812000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23328000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3888000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4146000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7275000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7553000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6174000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4299000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10900000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7222000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23659000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23659000 USD
CY2019Q2 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
705157000 USD
CY2018Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
480143000 USD
CY2019Q2 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
557675000 USD
CY2018Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
644717000 USD
CY2019Q2 mth Inventory Model Homes
InventoryModelHomes
133983000 USD
CY2018Q4 mth Inventory Model Homes
InventoryModelHomes
146327000 USD
CY2019Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1339068000 USD
CY2018Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1471434000 USD
CY2019Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2735883000 USD
CY2018Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2742621000 USD
CY2019Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
89414000 USD
CY2018Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
81828000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88454000 USD
CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78564000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21465000 USD
CY2018Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21374000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
42908000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
42243000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
3197000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
44000 USD
us-gaap Interest Expense
InterestExpense
7282000 USD
us-gaap Interest Expense
InterestExpense
180000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
19375000 USD
CY2018Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
18715000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
35773000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
36184000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88307000 USD
CY2018Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
84443000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88307000 USD
CY2018Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
84443000 USD
CY2019Q2 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2019Q2 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 USD
CY2019Q2 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 USD
CY2019Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
3385 lot
CY2019Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
229577000 USD
CY2019Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
25388000 USD
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
6971 lot
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
277899000 USD
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
16089000 USD
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
1410 lot
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
63085000 USD
CY2019Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1370000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
11766 lot
CY2019Q2 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
570561000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
42847000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
10213 lot
CY2019Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
316618000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
3473000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
21979 lot
CY2019Q2 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
887179000 USD
CY2019Q2 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
46320000 USD
CY2019Q2 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
21979 lot
CY2019Q2 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
887179000 USD
CY2019Q2 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
46320000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1486000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3263000 USD
CY2019Q2 mth Noncash Lease Expense
NoncashLeaseExpense
1353000 USD
mth Noncash Lease Expense
NoncashLeaseExpense
2521000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1930000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3806000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8222000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8222000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25980000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34227000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0506
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4148000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8221000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7416000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6748000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5935000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6663000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39131000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4904000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34227000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
6551000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
9595000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
14091000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
57631000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
2425000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
3644000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
23067000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
70870000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
3961000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
8682000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Long Term Debt
EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt
0 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Long Term Debt
EquityMethodInvestmentSummarizedFinancialInformationLongTermDebt
26808000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
6347000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
14472000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
12759000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
20908000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
23067000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
70870000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
10846000 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
9982000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
19844000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
17314000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
3599000 USD
CY2018Q2 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
3408000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
9715000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
7343000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
7247000 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
6574000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
10129000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
9971000 USD
CY2019Q2 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
3654000 USD
CY2018Q2 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
3368000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
5828000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
5978000 USD
CY2019Q2 us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
7300000 USD
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7600000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2018Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
285000000.0 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
53838000 USD
us-gaap Net Income Loss
NetIncomeLoss
76240000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38266000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40647000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38136000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40568000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
623000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
517000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
653000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
625000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38889000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41164000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38789000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41193000 shares
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
50828000 USD
us-gaap Net Income Loss
NetIncomeLoss
97712000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000 shares
CY2019Q2 us-gaap Goodwill
Goodwill
33000000.0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
32962000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2019Q2 us-gaap Goodwill
Goodwill
32962000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1720755000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
25412000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5861000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8957000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1743071000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
50828000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4201000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1798100000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1576825000 USD
CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-583000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
43874000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5216000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3770000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1682940000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4201000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3767000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10062000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8976000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26182000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
24954000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M1D
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M26D
CY2019Q2 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1310653 shares
CY2018Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1301745 shares
CY2019Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
13926000 USD
CY2018Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
14425000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
19668000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
17371000 USD
CY2019Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2920000 USD
CY2018Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2922000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4136000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4986000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16846000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17347000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23804000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22357000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
6300000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
us-gaap Interest Paid Net
InterestPaidNet
6179000 USD
us-gaap Interest Paid Net
InterestPaidNet
4602000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
16536000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
22353000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
23000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
1697000 USD
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
9 operating_segment
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67674000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71185000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100044000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
120069000 USD
us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
4800000 USD
CY2019Q2 us-gaap Deposit Assets
DepositAssets
46320000 USD
CY2019Q2 us-gaap Inventory Real Estate
InventoryRealEstate
2735883000 USD
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7555000 USD
CY2019Q2 us-gaap Other Assets
OtherAssets
677118000 USD
CY2019Q2 us-gaap Assets
Assets
3466876000 USD
CY2018Q4 us-gaap Deposit Assets
DepositAssets
51410000 USD
CY2018Q4 us-gaap Inventory Real Estate
InventoryRealEstate
2742621000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17480000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
553968000 USD
CY2018Q4 us-gaap Assets
Assets
3365479000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20900000 USD

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