Senior and Convertible Senior Notes (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Dec. 31, 2014
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Debt Instrument [Line Items] | ||
Senior Notes | $ 904,344us-gaap_SeniorNotes | $ 904,486us-gaap_SeniorNotes |
Senior Notes [Member] | 4.50% senior notes due 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt |
175,000us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandEighteenMemberDomain / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
175,000us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandEighteenMemberDomain / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt instrument, stated rate |
4.50%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandEighteenMemberDomain / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
4.50%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandEighteenMemberDomain / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Senior Notes [Member] | 7.15% senior notes due 2020 [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt |
302,844us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
302,986us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt instrument, stated rate |
7.15%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
7.15%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt Instrument, Unamortized Premium |
2,844us-gaap_DebtInstrumentUnamortizedPremium / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
2,986us-gaap_DebtInstrumentUnamortizedPremium / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Senior Notes [Member] | 7.00% senior notes due 2022 [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt |
300,000us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyTwoMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
300,000us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyTwoMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt instrument, stated rate |
7.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyTwoMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
7.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_SeniorNotesDueTwoThousandTwentyTwoMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Senior Notes [Member] | 1.875% convertible senior notes due 2032 [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt |
$ 126,500us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
$ 126,500us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt instrument, stated rate |
1.875%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
1.875%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_DebtInstrumentAxis = mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
Debt instrument, convertible, conversion ratio |
0.0171985us-gaap_DebtInstrumentConvertibleConversionRatio1 / us-gaap_DebtInstrumentAxis = mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember / us-gaap_LongtermDebtTypeAxis = us-gaap_SeniorNotesMember |
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- Definition
Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of debt premium that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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