$MTH
Meritage Homes CORP

2021 Q2 Form 10-Q Financial Statement

#000083307921000116 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.278B $1.038B
YoY Change 23.13% 19.43%
Cost Of Revenue $932.6M $886.0M
YoY Change 5.26% 15.2%
Gross Profit $345.0M $151.6M
YoY Change 127.55% 52.06%
Gross Profit Margin 27.0% 14.61%
Selling, General & Admin $117.0M $106.6M
YoY Change 9.81% 12.31%
% of Gross Profit 33.93% 70.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.914M $7.600M
YoY Change -9.03% 15.15%
% of Gross Profit 2.0% 5.01%
Operating Expenses $117.0M $106.6M
YoY Change 9.81% 12.31%
Operating Profit $227.9M $45.02M
YoY Change 406.32% 838.62%
Interest Expense $77.00K $2.105M
YoY Change -96.34% -34.16%
% of Operating Profit 0.03% 4.68%
Other Income/Expense, Net $1.377M $1.514M
YoY Change -9.05% -36.06%
Pretax Income $215.7M $115.9M
YoY Change 86.13% 71.21%
Income Tax $48.26M $25.18M
% Of Pretax Income 22.38% 21.74%
Net Earnings $167.4M $90.68M
YoY Change 84.6% 78.4%
Net Earnings / Revenue 13.1% 8.74%
Basic Earnings Per Share $4.43 $2.41
Diluted Earnings Per Share $4.36 $2.38
COMMON SHARES
Basic Shares Outstanding 37.82M 37.60M shares
Diluted Shares Outstanding 38.38M 38.17M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $684.4M $484.6M
YoY Change 41.22% 18.95%
Cash & Equivalents $684.4M $484.6M
Short-Term Investments
Other Short-Term Assets $54.71M $105.6M
YoY Change -48.19% -2.49%
Inventory $3.252B $2.733B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.122B $3.418B
YoY Change 20.61% 2.51%
LONG-TERM ASSETS
Property, Plant & Equipment $36.22M $46.30M
YoY Change -21.76% -14.51%
Goodwill $32.96M $32.96M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.943M $3.600M
YoY Change 9.53% -52.63%
Other Assets $33.50M $26.50M
YoY Change 26.42% 5.16%
Total Long-Term Assets $199.6M $124.2M
YoY Change 60.65% -6.72%
TOTAL ASSETS
Total Short-Term Assets $4.122B $3.418B
Total Long-Term Assets $199.6M $124.2M
Total Assets $4.322B $3.542B
YoY Change 22.02% 2.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.2M $167.2M
YoY Change 28.72% 18.41%
Accrued Expenses $253.1M $210.4M
YoY Change 20.28% 18.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $531.9M $439.6M
YoY Change 21.01% 21.81%
LONG-TERM LIABILITIES
Long-Term Debt $1.161B $1.017B
YoY Change 14.16% -22.21%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.161B $1.017B
YoY Change 14.16% -22.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $531.9M $439.6M
Total Long-Term Liabilities $1.161B $1.017B
Total Liabilities $1.693B $1.457B
YoY Change 16.22% -12.68%
SHAREHOLDERS EQUITY
Retained Earnings $2.191B $1.630B
YoY Change 34.41% 25.89%
Common Stock $437.2M $454.5M
YoY Change -3.81% -9.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.628B $2.085B
YoY Change
Total Liabilities & Shareholders Equity $4.322B $3.542B
YoY Change 22.02% 2.16%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $167.4M $90.68M
YoY Change 84.6% 78.4%
Depreciation, Depletion And Amortization $6.914M $7.600M
YoY Change -9.03% 15.15%
Cash From Operating Activities -$129.6M $193.5M
YoY Change -166.96% 138.89%
INVESTING ACTIVITIES
Capital Expenditures -$5.970M -$5.000M
YoY Change 19.4% -27.54%
Acquisitions
YoY Change
Other Investing Activities $191.0K $200.0K
YoY Change -4.5% -97.26%
Cash From Investing Activities -$5.779M -$4.900M
YoY Change 17.94% -1080.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 103.2M -501.4M
YoY Change -120.58% 29394.12%
NET CHANGE
Cash From Operating Activities -129.6M 193.5M
Cash From Investing Activities -5.779M -4.900M
Cash From Financing Activities 103.2M -501.4M
Net Change In Cash -32.15M -312.8M
YoY Change -89.72% -491.98%
FREE CASH FLOW
Cash From Operating Activities -$129.6M $193.5M
Capital Expenditures -$5.970M -$5.000M
Free Cash Flow -$123.6M $198.5M
YoY Change -162.27% 125.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
226 community
dei Entity Central Index Key
EntityCentralIndexKey
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dei Amendment Flag
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
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Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
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true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
1-9977
dei Entity Registrant Name
EntityRegistrantName
Meritage Homes Corp
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-0611231
dei Entity Address Address Line1
EntityAddressAddressLine1
8800 E. Raintree Drive
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 300
dei Entity Address City Or Town
EntityAddressCityOrTown
Scottsdale
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85260
dei City Area Code
CityAreaCode
480
dei Local Phone Number
LocalPhoneNumber
515-8100
dei Security12b Title
Security12bTitle
Common Stock $.01 par value
dei Trading Symbol
TradingSymbol
MTH
dei Security Exchange Name
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NYSE
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CY2020Q4 us-gaap Deposit Assets
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59500000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18546000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21624000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24439000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28254000 USD
CY2021Q2 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
106766000 USD
CY2020Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
92701000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
68150000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
88337000 USD
CY2021Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7280000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8457000 USD
CY2021Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
29695000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
34373000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23743000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24439000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28254000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21367000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
20256000 USD
CY2021Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
282762000 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
296121000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23767000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22090000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23743000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22015000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4514000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4218000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8324000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8028000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3216000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4730000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7002000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8465000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2020Q2 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
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21578000 USD
CY2020Q4 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 USD
CY2021Q2 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 USD
CY2021Q2 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
1069511000 USD
CY2020Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
873365000 USD
CY2021Q2 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
353047000 USD
CY2020Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
357861000 USD
CY2021Q2 mth Inventory Model Homes
InventoryModelHomes
73846000 USD
CY2020Q4 mth Inventory Model Homes
InventoryModelHomes
82502000 USD
CY2021Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1755383000 USD
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1464311000 USD
CY2021Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
3251787000 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2778039000 USD
CY2021Q2 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
29900000 USD
CY2020Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
72700000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
57540000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78162000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
58940000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
82014000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
16321000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
17550000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
32413000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
34085000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
77000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
2105000 USD
us-gaap Interest Expense
InterestExpense
167000 USD
us-gaap Interest Expense
InterestExpense
2121000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
17074000 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
34476000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
41096000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56710000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
72882000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56710000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
72882000 USD
CY2021Q2 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2021Q2 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 USD
CY2021Q2 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 USD
CY2021Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
8901 lot
CY2021Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
469798000 USD
CY2021Q2 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
38094000 USD
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
11871 lot
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
359331000 USD
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
28600000 USD
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
2650 lot
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
89326000 USD
CY2021Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
886000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
23422 lot
CY2021Q2 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
918455000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
67580000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
27311 lot
CY2021Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
733026000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
6817000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
50733 lot
CY2021Q2 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1651481000 USD
CY2021Q2 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
74397000 USD
CY2021Q2 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
50733 lot
CY2021Q2 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1651481000 USD
CY2021Q2 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
74397000 USD
CY2021Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
500000000.0 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37818000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37599000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37731000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37842000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
559000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
570000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
626000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
670000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38377000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38169000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38357000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38512000 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
167389000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
90678000 USD
us-gaap Net Income Loss
NetIncomeLoss
299232000 USD
us-gaap Net Income Loss
NetIncomeLoss
161830000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.43
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.36
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.20
CY2021Q2 us-gaap Goodwill
Goodwill
33000000.0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
32962000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2021Q2 us-gaap Goodwill
Goodwill
32962000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2347868000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
131843000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5367000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8385000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2476693000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
167389000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3223000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19161000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2628144000 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
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3223000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3157000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8590000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9594000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
35022000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
22687000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M24D
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3D
CY2021Q2 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
932589 shares
CY2020Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1098545 shares
CY2021Q2 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
CY2021Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
38713000 USD
CY2020Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
20528000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
67826000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
32902000 USD
CY2021Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
9549000 USD
CY2020Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4656000 USD
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
14570000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
7963000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48262000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25184000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82396000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40865000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2021Q2 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
0 USD
us-gaap Interest Paid Net
InterestPaidNet
227000 USD
us-gaap Interest Paid Net
InterestPaidNet
1089000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
83127000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
2198000 USD
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
402000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
9 operating_segment
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18188000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18188000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
215651000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
115862000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
381628000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
202695000 USD
CY2021Q2 us-gaap Deposit Assets
DepositAssets
74397000 USD
CY2021Q2 us-gaap Inventory Real Estate
InventoryRealEstate
3251787000 USD
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3943000 USD
CY2021Q2 us-gaap Other Assets
OtherAssets
991426000 USD
CY2021Q2 us-gaap Assets
Assets
4321553000 USD
CY2020Q4 us-gaap Deposit Assets
DepositAssets
59534000 USD
CY2020Q4 us-gaap Inventory Real Estate
InventoryRealEstate
2778039000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4350000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
1022475000 USD
CY2020Q4 us-gaap Assets
Assets
3864398000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25100000 USD

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