Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Summary of Changes in Shareholders' Equity

A summary of changes in shareholders’ equity is presented below (in thousands):



		Nine Months Ended September 30, 2016
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2015		39,669			$	397			$	559,492			$	699,048			$	1,258,937
Net earnings		—			—				—				97,734				97,734
Exercise/vesting of stock-based awards		356			3				229				—				232
Excess income tax provision from stock-based awards		—			—				(540		)		—				(540		)
Stock-based compensation expense		—			—				11,042				—				11,042
Balance at September 30, 2016		40,025			$	400			$	570,223			$	796,782			$	1,367,405



		Nine Months Ended September 30, 2015
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2014		39,147			$	391			$	538,788			$	570,310			$	1,109,489
Net earnings		—			—				—				75,841				75,841
Exercise/vesting of stock-based awards		519			6				2,875				—				2,881
Excess income tax benefit from stock-based awards		—			—				2,040				—				2,040
Stock-based compensation expense		—			—				12,418				—				12,418
Balance at September 30, 2015		39,666			$	397			$	556,121			$	646,151			$	1,202,669