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

Quarterly report pursuant to Section 13 or 15(d)

Senior, Convertible Senior Notes (Details)

Senior, Convertible Senior Notes (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Components of senior and senior subordinated notes
Senior, convertible senior notes and other borrowings	$ 904,629,000	$ 905,055,000
Line of credit facility, amount outstanding	0	0
4.50% senior notes due 2018
Components of senior and senior subordinated notes
Senior, convertible senior notes and other borrowings	175,000,000	175,000,000
7.15% senior notes due 2020. At September 30, 2014 and December 31, 2013 there was approximately $3,129 and $3,555 in net unamortized premium, respectively
Components of senior and senior subordinated notes
Senior, convertible senior notes and other borrowings	303,129,000	303,555,000
7.00% senior notes due 2022
Components of senior and senior subordinated notes
Senior, convertible senior notes and other borrowings	300,000,000	300,000,000
1.875% convertible senior notes due 2032
Components of senior and senior subordinated notes
Senior, convertible senior notes and other borrowings	126,500,000	126,500,000
Revolving Credit Facility [Member]
Components of senior and senior subordinated notes
Line of credit facility, amount outstanding	$ 0	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details