$MTH
Meritage Homes CORP

2020 Q2 Form 10-Q Financial Statement

#000083307920000098 Filed on July 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.038B $868.8M
YoY Change 19.43% -0.99%
Cost Of Revenue $886.0M $769.1M
YoY Change 15.2% -1.55%
Gross Profit $151.6M $99.70M
YoY Change 52.06% -37.23%
Gross Profit Margin 14.61% 11.48%
Selling, General & Admin $106.6M $94.90M
YoY Change 12.31% -0.13%
% of Gross Profit 70.31% 95.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.600M $6.600M
YoY Change 15.15% -1.49%
% of Gross Profit 5.01% 6.62%
Operating Expenses $106.6M $94.90M
YoY Change 12.31% -0.13%
Operating Profit $45.02M $4.796M
YoY Change 838.62% -92.48%
Interest Expense $2.105M $3.197M
YoY Change -34.16% 7165.91%
% of Operating Profit 4.68% 66.66%
Other Income/Expense, Net $1.514M $2.368M
YoY Change -36.06% 33.18%
Pretax Income $115.9M $67.67M
YoY Change 71.21% -4.93%
Income Tax $25.18M $16.85M
% Of Pretax Income 21.74% 24.89%
Net Earnings $90.68M $50.83M
YoY Change 78.4% -5.59%
Net Earnings / Revenue 8.74% 5.85%
Basic Earnings Per Share $2.41 $1.33
Diluted Earnings Per Share $2.38 $1.31
COMMON SHARES
Basic Shares Outstanding 37.60M shares 38.27M shares
Diluted Shares Outstanding 38.17M shares 38.89M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $484.6M $407.4M
YoY Change 18.95% 140.5%
Cash & Equivalents $484.6M $407.4M
Short-Term Investments
Other Short-Term Assets $105.6M $108.3M
YoY Change -2.49% 28.62%
Inventory $2.733B $2.736B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.418B $3.334B
YoY Change 2.51% 4.11%
LONG-TERM ASSETS
Property, Plant & Equipment $46.30M $54.16M
YoY Change -14.51% 3.9%
Goodwill $32.96M $32.96M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.600M $7.600M
YoY Change -52.63% -54.22%
Other Assets $26.50M $25.20M
YoY Change 5.16% -30.58%
Total Long-Term Assets $124.2M $133.2M
YoY Change -6.72% -30.96%
TOTAL ASSETS
Total Short-Term Assets $3.418B $3.334B
Total Long-Term Assets $124.2M $133.2M
Total Assets $3.542B $3.467B
YoY Change 2.16% 2.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.2M $141.2M
YoY Change 18.41% -8.79%
Accrued Expenses $210.4M $177.6M
YoY Change 18.47% 11.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $439.6M $360.9M
YoY Change 21.81% -1.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.017B $1.308B
YoY Change -22.21% -0.26%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.017B $1.308B
YoY Change -22.21% -2.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.6M $360.9M
Total Long-Term Liabilities $1.017B $1.308B
Total Liabilities $1.457B $1.669B
YoY Change -12.68% -2.52%
SHAREHOLDERS EQUITY
Retained Earnings $1.630B $1.295B
YoY Change 25.89% 18.9%
Common Stock $454.5M $503.3M
YoY Change -9.69% -15.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.085B $1.798B
YoY Change
Total Liabilities & Shareholders Equity $3.542B $3.467B
YoY Change 2.16% 2.12%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $90.68M $50.83M
YoY Change 78.4% -5.59%
Depreciation, Depletion And Amortization $7.600M $6.600M
YoY Change 15.15% -1.49%
Cash From Operating Activities $193.5M $81.00M
YoY Change 138.89% 1091.18%
INVESTING ACTIVITIES
Capital Expenditures -$5.000M -$6.900M
YoY Change -27.54% -25.81%
Acquisitions
YoY Change
Other Investing Activities $200.0K $7.300M
YoY Change -97.26% -2533.33%
Cash From Investing Activities -$4.900M $500.0K
YoY Change -1080.0% -105.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -501.4M -1.700M
YoY Change 29394.12% 466.67%
NET CHANGE
Cash From Operating Activities 193.5M 81.00M
Cash From Investing Activities -4.900M 500.0K
Cash From Financing Activities -501.4M -1.700M
Net Change In Cash -312.8M 79.80M
YoY Change -491.98% -2593.75%
FREE CASH FLOW
Cash From Operating Activities $193.5M $81.00M
Capital Expenditures -$5.000M -$6.900M
Free Cash Flow $198.5M $87.90M
YoY Change 125.82% 445.96%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei City Area Code
CityAreaCode
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Meritage Homes Corp
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MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
EntityAddressAddressLine1
8800 E. Raintree Drive
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Suite 300
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CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22015000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
31182000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34231000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
19988000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
10363000 USD
CY2020Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
249208000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
226008000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22090000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23213000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22015000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4218000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3888000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8028000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7275000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4730000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6174000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8465000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10900000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2019Q2 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
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
CY2020Q2 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
500000 USD
CY2019Q4 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 USD
CY2020Q2 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
847606000 USD
CY2019Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
564762000 USD
CY2020Q2 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
444057000 USD
CY2019Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
686948000 USD
CY2020Q2 mth Inventory Model Homes
InventoryModelHomes
101804000 USD
CY2019Q4 mth Inventory Model Homes
InventoryModelHomes
121340000 USD
CY2020Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1339961000 USD
CY2019Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1371311000 USD
CY2020Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2733428000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2744361000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
19375000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78162000 USD
CY2019Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
89414000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
82014000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88454000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
17550000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21465000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
34085000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
42908000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
2105000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
3197000 USD
us-gaap Interest Expense
InterestExpense
2121000 USD
us-gaap Interest Expense
InterestExpense
7282000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
20725000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
41096000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
35773000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
72882000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88307000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
72882000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88307000 USD
CY2020Q2 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2020Q2 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 USD
CY2020Q2 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 USD
CY2020Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
6715 lot
CY2020Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
347701000 USD
CY2020Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
28393000 USD
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
6612 lot
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
182935000 USD
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
13084000 USD
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
3870 lot
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
113119000 USD
CY2020Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1375000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
17197 lot
CY2020Q2 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
643755000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
42852000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
13354 lot
CY2020Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
448244000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
4980000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
30551 lot
CY2020Q2 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1091999000 USD
CY2020Q2 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
47832000 USD
CY2020Q2 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
30551 lot
CY2020Q2 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1091999000 USD
CY2020Q2 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
47832000 USD
CY2020Q2 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
8842000 USD
CY2019Q4 mth Equity Method Investment Summarized Financial Information Cash And Cash Equivalent
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalent
6329000 USD
CY2020Q2 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
6079000 USD
CY2019Q4 mth Equity Method Investment Summarized Financial Information Real Estate Inventory
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInventory
6654000 USD
CY2020Q2 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
3486000 USD
CY2019Q4 mth Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
4382000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
18407000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
17365000 USD
CY2020Q2 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
8655000 USD
CY2019Q4 mth Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
6580000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
4691000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
5678000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
5061000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
5107000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
18407000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
17365000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
10550000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
10846000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
17273000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
19844000 USD
CY2020Q2 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
7944000 USD
CY2019Q2 mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
3599000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
13807000 USD
mth Equity Method Investment Summarized Financial Information Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostsAndExpenses
9715000 USD
CY2020Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2606000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
7247000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
3466000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
10129000 USD
CY2020Q2 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
1048000 USD
CY2019Q2 mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
3654000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
1735000 USD
mth Adjusted Net Income Lossfrom Equity Method Investments
AdjustedNetIncomeLossfromEquityMethodInvestments
5828000 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
500000000.0 USD
CY2020Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2019Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2019Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37599000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38266000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37842000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38136000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
570000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
623000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
670000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
653000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38169000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38889000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38512000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38789000 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
90678000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
50828000 USD
us-gaap Net Income Loss
NetIncomeLoss
161830000 USD
us-gaap Net Income Loss
NetIncomeLoss
76240000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.38
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2020Q2 us-gaap Goodwill
Goodwill
33000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
32962000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2020Q2 us-gaap Goodwill
Goodwill
32962000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1973990000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
71152000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6437000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
60813000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1990766000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
90678000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3157000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2084601000 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 Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1798100000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3157000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4201000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9594000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10062000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
28233000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
22341000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M3D
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2020Q2 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1111295 shares
CY2019Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1240529 shares
CY2020Q2 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
CY2020Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
20528000 USD
CY2019Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
13926000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
32902000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
19668000 USD
CY2020Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4656000 USD
CY2019Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2920000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
7963000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4136000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25184000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16846000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40865000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23804000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q2 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
0 USD
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
us-gaap Interest Paid Net
InterestPaidNet
1089000 USD
us-gaap Interest Paid Net
InterestPaidNet
6179000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
16536000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
402000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
23000 USD
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
9 operating_segment
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
115862000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67674000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
202695000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100044000 USD
CY2020Q2 us-gaap Deposit Assets
DepositAssets
47832000 USD
CY2020Q2 us-gaap Inventory Real Estate
InventoryRealEstate
2733428000 USD
CY2020Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3646000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
756822000 USD
CY2020Q2 us-gaap Assets
Assets
3541728000 USD
CY2019Q4 us-gaap Deposit Assets
DepositAssets
50901000 USD
CY2019Q4 us-gaap Inventory Real Estate
InventoryRealEstate
2744361000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4443000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
598544000 USD
CY2019Q4 us-gaap Assets
Assets
3398249000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21600000 USD
CY2020Q2 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
237 community

Files In Submission

Name View Source Status
0000833079-20-000098-index-headers.html Edgar Link pending
0000833079-20-000098-index.html Edgar Link pending
0000833079-20-000098.txt Edgar Link pending
0000833079-20-000098-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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mth-20200630.htm Edgar Link pending
mth-20200630.xsd Edgar Link pending
mth-20200630_cal.xml Edgar Link unprocessable
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mth2020-063010qex311.htm Edgar Link pending
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report.css Edgar Link pending
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