$MTH
Meritage Homes CORP

2019 Q4 Form 10-Q Financial Statement

#000083307919000126 Filed on October 28, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $1.142B $945.2M $888.4M
YoY Change 12.67% 6.39% 10.28%
Cost Of Revenue $990.0M $820.0M $788.0M
YoY Change 11.27% 4.06% 9.69%
Gross Profit $151.6M $125.2M $100.4M
YoY Change 22.85% 24.7% -30.57%
Gross Profit Margin 13.28% 13.25% 11.3%
Selling, General & Admin $40.60M $100.6M $96.19M
YoY Change 8.27% 4.63% 9.95%
% of Gross Profit 26.78% 80.38% 95.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.300M $7.200M $6.900M
YoY Change 10.67% 4.35% 64.29%
% of Gross Profit 5.47% 5.75% 6.87%
Operating Expenses $36.80M $100.6M $96.19M
YoY Change 1.94% 4.63% 9.95%
Operating Profit $114.8M $24.56M $4.212M
YoY Change 31.5% 483.07% -92.63%
Interest Expense $1.300M $1.068M $53.00K
YoY Change -70.45% 1915.09% -95.25%
% of Operating Profit 1.13% 4.35% 1.26%
Other Income/Expense, Net $2.402M $2.812M
YoY Change -14.58% 38.66%
Pretax Income $110.5M $92.37M $71.41M
YoY Change 20.44% 29.35% 12.53%
Income Tax $6.900M $22.56M $17.27M
% Of Pretax Income 6.24% 24.42% 24.19%
Net Earnings $103.6M $69.81M $54.14M
YoY Change 37.26% 28.95% 27.23%
Net Earnings / Revenue 9.08% 7.39% 6.09%
Basic Earnings Per Share $2.71 $1.82 $1.34
Diluted Earnings Per Share $2.65 $1.79 $1.33
COMMON SHARES
Basic Shares Outstanding 38.30M shares 38.30M shares 40.28M shares
Diluted Shares Outstanding 39.08M shares 40.86M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $319.5M $454.8M $205.8M
YoY Change 2.57% 120.99% 78.65%
Cash & Equivalents $319.5M $454.8M $205.8M
Short-Term Investments
Other Short-Term Assets $114.1M $108.0M $82.80M
YoY Change 35.51% 30.43% -0.36%
Inventory $2.744B $2.854B $2.887B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.267B $3.503B $3.256B
YoY Change 1.58% 7.59% 7.11%
LONG-TERM ASSETS
Property, Plant & Equipment $50.61M $53.11M $53.37M
YoY Change -7.31% -0.49% 66.37%
Goodwill $32.96M $32.96M $33.00M
YoY Change 0.0% -0.12% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.400M $7.900M $16.30M
YoY Change -74.86% -51.53% -0.61%
Other Assets $25.90M $25.70M $36.70M
YoY Change -2.26% -29.97% -35.5%
Total Long-Term Assets $131.7M $132.3M $192.8M
YoY Change -12.1% -31.35% -9.36%
TOTAL ASSETS
Total Short-Term Assets $3.267B $3.503B $3.256B
Total Long-Term Assets $131.7M $132.3M $192.8M
Total Assets $3.398B $3.635B $3.448B
YoY Change 0.97% 5.42% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.0M $180.1M $156.8M
YoY Change 20.9% 14.86% 11.6%
Accrued Expenses $217.5M $225.1M $191.8M
YoY Change 27.72% 17.36% 5.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $405.2M $451.7M $391.4M
YoY Change 21.06% 15.41% 4.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.019B $1.310B $1.312B
YoY Change -22.22% -0.14% 0.58%
Other Long-Term Liabilities $32.70M
YoY Change -8.66%
Total Long-Term Liabilities $1.019B $1.310B $1.344B
YoY Change -22.22% -2.57% 0.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $405.2M $451.7M $391.4M
Total Long-Term Liabilities $1.019B $1.310B $1.344B
Total Liabilities $1.424B $1.761B $1.736B
YoY Change -13.4% 1.48% 1.33%
SHAREHOLDERS EQUITY
Retained Earnings $1.468B $1.365B $1.143B
YoY Change 20.49% 19.38% 19.54%
Common Stock $505.7M $508.9M $569.4M
YoY Change 0.71% -10.62% -2.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.974B $1.874B $1.712B
YoY Change
Total Liabilities & Shareholders Equity $3.398B $3.635B $3.448B
YoY Change 0.97% 5.42% 6.03%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $103.6M $69.81M $54.14M
YoY Change 37.26% 28.95% 27.23%
Depreciation, Depletion And Amortization $8.300M $7.200M $6.900M
YoY Change 10.67% 4.35% 64.29%
Cash From Operating Activities $179.4M $54.10M $84.20M
YoY Change -4.83% -35.75% -292.68%
INVESTING ACTIVITIES
Capital Expenditures -$6.000M -$6.300M -$8.100M
YoY Change -37.5% -22.22% 118.92%
Acquisitions
YoY Change
Other Investing Activities $4.500M $100.0K $500.0K
YoY Change -1600.0% -80.0% 150.0%
Cash From Investing Activities -$1.500M -$6.200M -$7.500M
YoY Change -84.85% -17.33% 114.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -313.3M -400.0K -40.20M
YoY Change 329.18% -99.0% -26.1%
NET CHANGE
Cash From Operating Activities 179.4M 54.10M 84.20M
Cash From Investing Activities -1.500M -6.200M -7.500M
Cash From Financing Activities -313.3M -400.0K -40.20M
Net Change In Cash -135.4M 47.50M 36.50M
YoY Change -228.22% 30.14% -135.93%
FREE CASH FLOW
Cash From Operating Activities $179.4M $54.10M $84.20M
Capital Expenditures -$6.000M -$6.300M -$8.100M
Free Cash Flow $185.4M $60.40M $92.30M
YoY Change -6.41% -34.56% -330.75%

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CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
454812000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
205762000 USD
CY2019Q3 mth Entity Operations In Number Of Regions
EntityOperationsInNumberOfRegions
3 region
CY2019Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
9 state
CY2019Q3 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
250 community
CY2019Q3 us-gaap Deposit Assets
DepositAssets
45600000 USD
CY2018Q4 us-gaap Deposit Assets
DepositAssets
51400000 USD
CY2019Q3 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
76988000 USD
CY2018Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
54589000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
50767000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
60209000 USD
CY2019Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
33703000 USD
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13296000 USD
CY2019Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15006000 USD
CY2018Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
7548000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21311000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33148000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
9179000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
17668000 USD
CY2019Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
240102000 USD
CY2018Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
177862000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23659000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23328000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4150000 USD
CY2018Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4092000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11425000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11645000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3766000 USD
CY2018Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4887000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14666000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12109000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2018Q3 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
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21311000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22864000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21311000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22864000 USD
CY2019Q3 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
712288000 USD
CY2018Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
480143000 USD
CY2019Q3 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
661393000 USD
CY2018Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
644717000 USD
CY2019Q3 mth Inventory Model Homes
InventoryModelHomes
126925000 USD
CY2018Q4 mth Inventory Model Homes
InventoryModelHomes
146327000 USD
CY2019Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1353327000 USD
CY2018Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1471434000 USD
CY2019Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2853933000 USD
CY2018Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2742621000 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
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88454000 USD
CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78564000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21319000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21545000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
64227000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
63788000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
1068000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
53000 USD
us-gaap Interest Expense
InterestExpense
8350000 USD
us-gaap Interest Expense
InterestExpense
233000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
20363000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
17871000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
56136000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
54055000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88195000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88064000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88195000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88064000 USD
CY2019Q3 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2019Q3 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 USD
CY2019Q3 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 USD
CY2019Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
3079 lot
CY2019Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
190430000 USD
CY2019Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
23349000 USD
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
8247 lot
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
337200000 USD
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
18513000 USD
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
1361 lot
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
50498000 USD
CY2019Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1660000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
12687 lot
CY2019Q3 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
578128000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
43522000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
9620 lot
CY2019Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
378528000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
2121000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
22307 lot
CY2019Q3 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
956656000 USD
CY2019Q3 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
45643000 USD
CY2019Q3 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
22307 lot
CY2019Q3 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
956656000 USD
CY2019Q3 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
45643000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1851000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
5114000 USD
CY2019Q3 mth Noncash Lease Expense
NoncashLeaseExpense
1437000 USD
mth Noncash Lease Expense
NoncashLeaseExpense
3958000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1928000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5734000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
495000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8717000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25038000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33148000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0506
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2174000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8377000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7569000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6859000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6021000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6663000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37663000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4515000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33148000 USD
CY2019Q3 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
6221000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
9595000 USD
CY2019Q3 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
12983000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
57631000 USD
CY2019Q3 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
5904000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
3644000 USD
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
25108000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
70870000 USD
CY2019Q3 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
5025000 USD
CY2018Q4 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
8682000 USD
CY2019Q3 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
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
6357000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
14472000 USD
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
13726000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
20908000 USD
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
25108000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
70870000 USD
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
13232000 USD
CY2018Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
13722000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
33076000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
31036000 USD
CY2019Q3 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
7491000 USD
CY2018Q3 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
5107000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
17206000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
12450000 USD
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
5741000 USD
CY2018Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
8615000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
15870000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
18586000 USD
CY2019Q3 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
3106000 USD
CY2018Q3 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
5245000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
8934000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
11223000 USD
CY2019Q3 us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
7300000 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7900000 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
CY2018Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
285000000.0 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38296000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40283000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38119000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40472000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
783000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
572000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
722000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
628000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39079000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40855000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38841000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41100000 shares
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
69809000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
54135000 USD
us-gaap Net Income Loss
NetIncomeLoss
146049000 USD
us-gaap Net Income Loss
NetIncomeLoss
151847000 USD
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.82
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.75
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.76
CY2019Q3 us-gaap Goodwill
Goodwill
33000000.0 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.69
CY2018Q4 us-gaap Goodwill
Goodwill
32962000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2019Q3 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
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
69809000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5657000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1873566000 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
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1625332000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
53838000 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
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
54135000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4762000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29353000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1712484000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5657000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4761000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15719000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13737000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
24041000 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
P2Y5M1D
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M26D
CY2019Q3 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1269806 shares
CY2018Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1301745 shares
CY2019Q3 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
CY2019Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
18644000 USD
CY2018Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
14501000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
38312000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
31872000 USD
CY2019Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3913000 USD
CY2018Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2773000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8049000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
7759000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22557000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17274000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46361000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39631000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
6300000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
us-gaap Interest Paid Net
InterestPaidNet
13622000 USD
us-gaap Interest Paid Net
InterestPaidNet
16366000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
39491000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
46348000 USD
mth Increase Decrease In Land Under Purchase Options Recorded
IncreaseDecreaseInLandUnderPurchaseOptionsRecorded
0 USD
mth Increase Decrease In Land Under Purchase Options Recorded
IncreaseDecreaseInLandUnderPurchaseOptionsRecorded
-2302000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
2248000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
12799000 USD
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
9 operating_segment
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92366000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71409000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192410000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
191478000 USD
us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
4800000 USD
CY2019Q3 us-gaap Deposit Assets
DepositAssets
45643000 USD
CY2019Q3 us-gaap Inventory Real Estate
InventoryRealEstate
2853933000 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7908000 USD
CY2019Q3 us-gaap Other Assets
OtherAssets
727551000 USD
CY2019Q3 us-gaap Assets
Assets
3635035000 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
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21300000 USD

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