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)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Summary of Changes in Shareholders' Equity

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



		Three Months Ended March 31, 2017
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2016		40,031			$	400			$	572,506			$	848,589			$	1,421,495
Net earnings		—			—				—				23,572				23,572
Exercise/vesting of stock-based awards		283			3				(3		)		—				—
Stock-based compensation expense		—			—				3,298				—				3,298
Balance at March 31, 2017		40,314			$	403			$	575,801			$	872,161			$	1,448,365



		Three Months Ended March 31, 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		—			—				—				20,969				20,969
Exercise/vesting of stock-based awards		316			3				158				—				161
Excess income tax benefit from stock-based awards		—			—				(516		)		—				(516		)
Stock-based compensation expense		—			—				4,758				—				4,758
Balance at March 31, 2016		39,985			$	400			$	563,892			$	720,017			$	1,284,309