Real Estate and Capitalized Interest (Details 3) (USD $)
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12 Months Ended | ||||||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Summary of capitalized interest | |||||||
Capitalized interest, beginning of year | $ 32,992,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | [1] | $ 21,600,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | $ 14,810,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | |||
Interest incurred | 58,374,000us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred | 51,152,000us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred | 46,135,000us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred | ||||
Interest expensed | (5,163,000)us-gaap_InterestExpense | (15,092,000)us-gaap_InterestExpense | (24,244,000)us-gaap_InterestExpense | ||||
Interest amortized to cost of home and land closings | (32,143,000)us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales | (24,668,000)us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales | (15,101,000)us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales | ||||
Capitalized interest, end of year (1) | 54,060,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | [1] | 32,992,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | [1] | 21,600,000us-gaap_RealEstateInventoryCapitalizedInterestCosts | ||
Equity Method Land Ventures [Member] | |||||||
Summary of capitalized interest | |||||||
Capitalized interest, end of year (1) |
$ 490,000us-gaap_RealEstateInventoryCapitalizedInterestCosts / dei_LegalEntityAxis = mth_EquityMethodLandVenturesMember |
$ 511,000us-gaap_RealEstateInventoryCapitalizedInterestCosts / dei_LegalEntityAxis = mth_EquityMethodLandVenturesMember |
$ 539,000us-gaap_RealEstateInventoryCapitalizedInterestCosts / dei_LegalEntityAxis = mth_EquityMethodLandVenturesMember |
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of interest costs that had been capitalized to inventory which were charged to cost of sales during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of interest capitalized to an operative builder's inventory during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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