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)

6 Months Ended

Jun. 30, 2017

Stockholders' Equity Note [Abstract]

Summary of Changes in Shareholders' Equity

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



		Six Months Ended June 30, 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		—			—				—				65,152				65,152
Exercise/vesting of stock-based awards		289			3				(3		)		—				—
Stock-based compensation expense		—			—				5,792				—				5,792
Balance at June 30, 2017		40,320			$	403			$	578,295			$	913,741			$	1,492,439



		Six Months Ended June 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		—			—				—				60,847				60,847
Exercise/vesting of stock-based awards		349			3				229				—				232
Excess income tax benefit from stock-based awards		—			—				(526		)		—				(526		)
Stock-based compensation expense		—			—				7,313				—				7,313
Balance at June 30, 2016		40,018			$	400			$	566,508			$	759,895			$	1,326,803