$MTH
Meritage Homes CORP

2020 Q4 Form 10-Q Financial Statement

#000083307920000144 Filed on October 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $1.416B $1.143B $945.2M
YoY Change 24.01% 20.93% 6.39%
Cost Of Revenue $1.178B $969.3M $820.0M
YoY Change 18.96% 18.21% 4.06%
Gross Profit $238.0M $173.7M $125.2M
YoY Change 56.99% 38.74% 24.7%
Gross Profit Margin 16.81% 15.2% 13.25%
Selling, General & Admin $47.90M $114.0M $100.6M
YoY Change 17.98% 13.29% 4.63%
% of Gross Profit 20.13% 65.64% 80.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.600M $7.900M $7.200M
YoY Change 3.61% 9.72% 4.35%
% of Gross Profit 3.61% 4.55% 5.75%
Operating Expenses $44.60M $114.0M $100.6M
YoY Change 21.2% 13.29% 4.63%
Operating Profit $193.4M $59.68M $24.56M
YoY Change 68.47% 143.01% 483.07%
Interest Expense $2.000M $55.00K $1.068M
YoY Change 53.85% -94.85% 1915.09%
% of Operating Profit 1.03% 0.09% 4.35%
Other Income/Expense, Net $1.188M $2.402M
YoY Change -50.54% -14.58%
Pretax Income $195.4M $135.5M $92.37M
YoY Change 76.74% 46.71% 29.35%
Income Tax $42.80M $26.39M $22.56M
% Of Pretax Income 21.91% 19.47% 24.42%
Net Earnings $152.5M $109.1M $69.81M
YoY Change 47.21% 56.31% 28.95%
Net Earnings / Revenue 10.77% 9.55% 7.39%
Basic Earnings Per Share $4.06 $2.90 $1.82
Diluted Earnings Per Share $3.97 $2.84 $1.79
COMMON SHARES
Basic Shares Outstanding 37.61M shares 37.61M shares 38.30M shares
Diluted Shares Outstanding 38.41M shares 39.08M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $745.6M $610.0M $454.8M
YoY Change 133.36% 34.12% 120.99%
Cash & Equivalents $745.6M $610.0M $454.8M
Short-Term Investments
Other Short-Term Assets $103.3M $101.7M $108.0M
YoY Change -9.47% -5.83% 30.43%
Inventory $2.778B $2.741B $2.854B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.726B $3.549B $3.503B
YoY Change 14.05% 1.33% 7.59%
LONG-TERM ASSETS
Property, Plant & Equipment $38.93M $42.73M $53.11M
YoY Change -23.07% -19.55% -0.49%
Goodwill $32.96M $32.96M $32.96M
YoY Change 0.0% 0.0% -0.12%
Intangibles
YoY Change
Long-Term Investments $4.400M $3.800M $7.900M
YoY Change 0.0% -51.9% -51.53%
Other Assets $36.00M $28.40M $25.70M
YoY Change 39.0% 10.51% -29.97%
Total Long-Term Assets $138.9M $137.9M $132.3M
YoY Change 5.43% 4.22% -31.35%
TOTAL ASSETS
Total Short-Term Assets $3.726B $3.549B $3.503B
Total Long-Term Assets $138.9M $137.9M $132.3M
Total Assets $3.864B $3.687B $3.635B
YoY Change 13.72% 1.44% 5.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.3M $167.8M $180.1M
YoY Change 13.1% -6.83% 14.86%
Accrued Expenses $261.7M $257.1M $225.1M
YoY Change 20.32% 14.22% 17.36%
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 $496.4M $467.7M $451.7M
YoY Change 22.51% 3.54% 15.41%
LONG-TERM LIABILITIES
Long-Term Debt $1.020B $1.020B $1.310B
YoY Change 0.11% -22.15% -0.14%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.020B $1.020B $1.310B
YoY Change 0.11% -22.15% -2.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $496.4M $467.7M $451.7M
Total Long-Term Liabilities $1.020B $1.020B $1.310B
Total Liabilities $1.517B $1.487B $1.761B
YoY Change 6.48% -15.56% 1.48%
SHAREHOLDERS EQUITY
Retained Earnings $1.892B $1.739B $1.365B
YoY Change 28.84% 27.45% 19.38%
Common Stock $456.1M $460.6M $508.9M
YoY Change -9.81% -9.49% -10.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.348B $2.200B $1.874B
YoY Change
Total Liabilities & Shareholders Equity $3.864B $3.687B $3.635B
YoY Change 13.72% 1.44% 5.42%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $152.5M $109.1M $69.81M
YoY Change 47.21% 56.31% 28.95%
Depreciation, Depletion And Amortization $8.600M $7.900M $7.200M
YoY Change 3.61% 9.72% 4.35%
Cash From Operating Activities $157.3M $135.7M $54.10M
YoY Change -12.32% 150.83% -35.75%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$4.500M -$6.300M
YoY Change -15.0% -28.57% -22.22%
Acquisitions
YoY Change
Other Investing Activities $200.0K $200.0K $100.0K
YoY Change -95.56% 100.0% -80.0%
Cash From Investing Activities -$5.000M -$4.100M -$6.200M
YoY Change 233.33% -33.87% -17.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.70M -6.100M -400.0K
YoY Change -94.67% 1425.0% -99.0%
NET CHANGE
Cash From Operating Activities 157.3M 135.7M 54.10M
Cash From Investing Activities -5.000M -4.100M -6.200M
Cash From Financing Activities -16.70M -6.100M -400.0K
Net Change In Cash 135.6M 125.5M 47.50M
YoY Change -200.15% 164.21% 30.14%
FREE CASH FLOW
Cash From Operating Activities $157.3M $135.7M $54.10M
Capital Expenditures -$5.100M -$4.500M -$6.300M
Free Cash Flow $162.4M $140.2M $60.40M
YoY Change -12.41% 132.12% -34.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Meritage Homes Corp
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DepositAssets
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CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22881000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26332000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29739000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34231000 USD
CY2020Q3 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
97028000 USD
CY2019Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
74448000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
64331000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
67734000 USD
CY2020Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
23979000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8758000 USD
CY2020Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
17311000 USD
CY2019Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8459000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23259000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22015000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29739000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34231000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
18724000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
10363000 USD
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
274371000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
226008000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20927000 USD
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StandardProductWarrantyAccrual
22015000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24552000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4592000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
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us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12620000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11425000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2911000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2020Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2019Q3 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
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23259000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21311000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23259000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21311000 USD
CY2019Q4 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 USD
CY2020Q3 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 USD
CY2020Q3 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
967222000 USD
CY2019Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
564762000 USD
CY2020Q3 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
395151000 USD
CY2019Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
686948000 USD
CY2020Q3 mth Inventory Model Homes
InventoryModelHomes
86933000 USD
CY2019Q4 mth Inventory Model Homes
InventoryModelHomes
121340000 USD
CY2020Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1291710000 USD
CY2019Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1371311000 USD
CY2020Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2741016000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2744361000 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
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
82014000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88454000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
16103000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21319000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
50188000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
64227000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
55000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
1068000 USD
us-gaap Interest Expense
InterestExpense
2176000 USD
us-gaap Interest Expense
InterestExpense
8350000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
21380000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
20363000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
62476000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
56136000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67550000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88195000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67550000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
88195000 USD
CY2020Q3 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2020Q3 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 USD
CY2020Q3 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 USD
CY2020Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
8740 lot
CY2020Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
469067000 USD
CY2020Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
36885000 USD
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
9298 lot
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
336146000 USD
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
21332000 USD
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
2208 lot
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
59719000 USD
CY2020Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1075000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
20246 lot
CY2020Q3 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
864932000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
59292000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
15059 lot
CY2020Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
432573000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
3675000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
35305 lot
CY2020Q3 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1297505000 USD
CY2020Q3 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
62967000 USD
CY2020Q3 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
35305 lot
CY2020Q3 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1297505000 USD
CY2020Q3 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
62967000 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
500000000.0 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
500000000.0 USD
CY2020Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2019Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2019Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
798000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37607000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38296000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37763000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38119000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
783000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
728000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
722000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38405000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39079000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38491000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38841000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
109118000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
69809000 USD
us-gaap Net Income Loss
NetIncomeLoss
270948000 USD
us-gaap Net Income Loss
NetIncomeLoss
146049000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.90
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.83
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.84
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.76
CY2020Q3 us-gaap Goodwill
Goodwill
33000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
32962000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2020Q3 us-gaap Goodwill
Goodwill
32962000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1973990000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
71152000 USD
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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
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
109118000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6130000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
2199849000 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
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 Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1873566000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6130000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5657000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15724000 USD
CY2019Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
18644000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15719000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26568000 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
P2Y3M7D
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2020Q3 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1101671 shares
CY2019Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1240529 shares
CY2020Q3 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
CY2020Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
21692000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
54594000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
38312000 USD
CY2020Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4696000 USD
CY2019Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3913000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
12659000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8049000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26388000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22557000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67253000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46361000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
879516000 USD
CY2020Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
0 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
us-gaap Interest Paid Net
InterestPaidNet
14756000 USD
us-gaap Interest Paid Net
InterestPaidNet
13622000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
49103000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
39491000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
8664000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
2248000 USD
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
9 operating_segment
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
135506000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92366000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
338201000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192410000 USD
CY2020Q3 us-gaap Deposit Assets
DepositAssets
62967000 USD
CY2020Q3 us-gaap Inventory Real Estate
InventoryRealEstate
2741016000 USD
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3819000 USD
CY2020Q3 us-gaap Assets
Assets
3687318000 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
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23300000 USD

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