Definitive proxy statements

Pay vs Performance Disclosure

v3.23.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Value of Initial Fixed $100 Investment Based On:
Year Summary Compensation Table Total for PEO
(1)		 CAP to PEO
 (1) (3) (4)		 Average Summary Compensation Table Total for Non-PEO NEOs (2) Average CAP to Non-PEO NEOs
(2) (4)		 Cumulative Total Shareholder Return
(5)		 Cumulative Peer Group Shareholder Return
(5)		 Net Income
(in thousands)
(6)		 Company Selected Measure
(ROA)
(6)
2022 $ 8,015,467  $ 5,124,002  $ 2,771,835  $ 1,463,392  $ 75.54  $ 77.24  $ 992,192  20.7  %
2021 $ 7,915,603  $ 13,521,596  $ 3,765,401  $ 6,630,450  $ 111.33  $ 116.52  $ 737,444  20.7  %
2020 $ 9,557,390  $ 15,676,557  $ 3,283,577  $ 5,296,314  $ 150.88  $ 142.70  $ 423,475  13.9  %
   
Named Executive Officers, Footnote [Text Block] For the years 2022 and 2021, our PEO is Phillippe Lord and for 2020, our PEO was Steven J. Hilton, as they served as the Company's CEO during those respective years.Non-PEO NEOs include: Hilla Sferruzza, Steven J. Hilton, Clint Szubinski, Malissia Clinton and Javier Feliciano in 2022; Hilla Sferruzza, Steven J. Hilton, Clint Szubinski, C. Timothy White (our Former Executive Vice President, General Counsel and Secretary) and Javier Feliciano in 2021; and Phillippe Lord, Hilla Sferruzza, C. Timothy White and Javier Feliciano in 2020.    
PEO Total Compensation Amount $ 8,015,467 $ 7,915,603 $ 9,557,390
PEO Actually Paid Compensation Amount $ 5,124,002 13,521,596 15,676,557
Adjustment To PEO Compensation, Footnote [Text Block] Adjustments to the Summary Compensation Table Total to arrive at CAP for PEO are shown below. No adjustments were necessary for defined benefit and pension plans, dividends or forfeitures.
Year Summary Compensation Table Total for PEO Less:
Grant Date Fair Value of Equity Awards Granted in Fiscal Year		 Plus:
Increase/(Decrease) in Fair Value of Equity Vested during Fiscal Year		 Plus:
Increase/(Decrease) in Fair Value of Unvested Equity at Fiscal Year-End
(Current Year Awards)		 Plus:
Increase/(Decrease) in Fair Value of Unvested Equity at Fiscal Year-End
(Prior Year Awards)		 CAP to PEO
2022 $ 8,015,467  $ (3,667,484) $ (1,235,030) $ 3,642,886  $ (1,631,837) $ 5,124,002 
2021 $ 7,915,603  $ (2,956,519) $ 97,238  $ 4,562,638  $ 3,902,636  $ 13,521,596 
2020 $ 9,557,390  $ (3,513,685) $ 751,280  $ 4,350,566  $ 4,531,006  $ 15,676,557 
   
Non-PEO NEO Average Total Compensation Amount $ 2,771,835 3,765,401 3,283,577
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,463,392 6,630,450 5,296,314
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] Adjustments to the Summary Compensation Table Total to arrive at CAP for Non-PEO NEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends or forfeitures.
Year Average Summary Compensation Table Total for Non-PEO NEOs Less:
Average Grant Date Fair Value of Equity Awards Granted in Fiscal Year		 Plus:
Average Increase/(Decrease) in Fair Value of Equity Vested during Fiscal Year		 Plus:
Average Increase/(Decrease) in Fair Value of Unvested Equity at Fiscal Year-End
(Current Year Awards)		 Plus:
Average Increase/(Decrease) in Fair Value of Unvested Equity at Fiscal Year-End
(Prior Year Awards)		 Average CAP to Non-PEO NEOs
2022 $ 2,771,835  $ (991,485) $ (660,564) $ 989,330  $ (645,724) $ 1,463,392 
2021 $ 3,765,401  $ (976,923) $ 276,939  $ 1,366,073  $ 2,198,960  $ 6,630,450 
2020 $ 3,283,577  $ (1,167,705) $ 309,118  $ 1,445,912  $ 1,425,412  $ 5,296,314 
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block] We have elected to use the Dow Jones US Home Construction Index as our peer group. The graphs below illustrate the relationship between our cumulative TSR and peer group TSR, and the relationship between our CAP and the cumulative TSR for both the Company and our peer group.mth-20230323_g25.jpg    
Compensation Actually Paid vs. Net Income [Text Block] The relationships between CAP and Net Income and CAP and ROA are illustrated in the following graphs. ROA is calculated as Net Income divided by the average of five trailing quarters Total Assets, less Cash and Cash Equivalents. Both Net Income and Total Assets are adjusted for material actions or events that affect comparability to target. Our ROA as it relates to CAP is demonstrated below.mth-20230323_g26.jpg    
Compensation Actually Paid vs. Company Selected Measure [Text Block] The relationships between CAP and Net Income and CAP and ROA are illustrated in the following graphs. ROA is calculated as Net Income divided by the average of five trailing quarters Total Assets, less Cash and Cash Equivalents. Both Net Income and Total Assets are adjusted for material actions or events that affect comparability to target. Our ROA as it relates to CAP is demonstrated below.mth-20230323_g27.jpg    
Total Shareholder Return Vs Peer Group [Text Block] We have elected to use the Dow Jones US Home Construction Index as our peer group. The graphs below illustrate the relationship between our cumulative TSR and peer group TSR, and the relationship between our CAP and the cumulative TSR for both the Company and our peer group.mth-20230323_g24.jpg    
Tabular List [Table Text Block]
Metric
Relative TSR
ROA
Adjusted EBITDA
Number of Home Closings
Customer Satisfaction Rating
    
Total Shareholder Return Amount $ 75.54 111.33 150.88
Peer Group Total Shareholder Return Amount 77.24 116.52 142.70
Net Income (Loss) $ 992,192,000 $ 737,444,000 $ 423,475,000
Company Selected Measure Amount 0.207 0.207 0.139
PEO Name Phillippe Lord Phillippe Lord Steven J. Hilton
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name ROA    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Number of Home Closings    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Customer Satisfaction Rating    
PEO [Member] | Phillppe Lord [Member] | Equity Awards Granted During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (3,667,484) $ (2,956,519)  
PEO [Member] | Phillppe Lord [Member] | Equity Awards Vested During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,235,030) 97,238  
PEO [Member] | Phillppe Lord [Member] | Equity Awards Granted During The Year, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,642,886 4,562,638  
PEO [Member] | Phillppe Lord [Member] | Equity Awards Granted In Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,631,837) 3,902,636  
PEO [Member] | Steven J. Hilton [Member] | Equity Awards Granted During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (3,513,685)
PEO [Member] | Steven J. Hilton [Member] | Equity Awards Vested During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     751,280
PEO [Member] | Steven J. Hilton [Member] | Equity Awards Granted During The Year, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     4,350,566
PEO [Member] | Steven J. Hilton [Member] | Equity Awards Granted In Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     4,531,006
Non-PEO NEO [Member] | Equity Awards Granted During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (991,485) (976,923) (1,167,705)
Non-PEO NEO [Member] | Equity Awards Vested During The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (660,564) 276,939 309,118
Non-PEO NEO [Member] | Equity Awards Granted During The Year, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 989,330 1,366,073 1,445,912
Non-PEO NEO [Member] | Equity Awards Granted In Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (645,724) $ 2,198,960 $ 1,425,412