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

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of compensation expense and stock award activity



	Three Months Ended September 30								Nine Months Ended September 30
	2013				2012				2013				2012
Stock-based compensation expense	$	3,099			$	2,822			$	7,040			$	6,095
Non-vested shares granted	3,600				16,750				345,700				386,500
Performance-based non-vested shares granted	—				—				62,500				56,250
Stock options exercised	12,400				179,832				334,500				259,132
Restricted stock awards vested (includes performance-based awards)	2,550				3,300				283,350				200,316

Summary of stock based compensation agreements



	As of
	September 30, 2013				December 31, 2012
Unrecognized stock-based compensation cost	$	19,529			$	13,072
Weighted average years remaining vesting period	2.40				2.17
Total equity awards outstanding (1)	1,328,885				1,615,235

(1) Includes vested and unvested options outstanding and unvested restricted stock awards