Meritage Homes Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Business and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Stock Based Compensation (Details)

v2.4.0.6

Stock Based Compensation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Options
Options outstanding at beginning of year (shares)	897,767	1,332,767	1,620,167
Granted (shares)	0	0	0
Exercised (shares)	(282,082)	(171,800)	(133,400)
Cancelled (shares)	(6,100)	(263,200)	(154,000)
Outstanding at end of year (shares)	609,585	897,767	1,332,767
Weighted Average Exercise Price
Options outstanding at beginning of year (shares)	$ 23.56	$ 23.80	$ 23.19
Exercised (shares)	$ 15.12	$ 15.21	$ 15.46
Cancelled (shares)	$ 25.73	$ 30.24	$ 24.58
Outstanding at end of year (shares)	$ 27.44	$ 23.56	$ 23.80
Options outstanding at end of year, additional disclosures
Weighted Average Remaining Contractual Life	1 year 10 months 13 days
Aggregate Intrinsic Value	$ 7,376
Vested and expected to vest at end of year
Vested and expected to vest at end of year (shares)	608,405
Weighted Average Exercise Price (shares)	$ 27.47
Weighted Average Remaining Contractual Life	1 year 10 months 13 days
Aggregate Intrinsic Value	7,350
Exercisable at end of year
Options (shares)	471,760	550,359	740,376
Weighted Average Exercise Price (shares)	$ 30.93	$ 26.29	$ 26.79
Weighted Average Remaining Contractual Life	1 year 7 months 17 days
Aggregate Intrinsic Value	$ 4,363
Price range of options exercised - lower range limit	$ 8.06	$ 8.06	$ 8.06
Price range of options exercised - upper range limit	$ 34.30	$ 21.10	$ 21.10
Price range of options outstanding - lower range limit	$ 8.06	$ 8.06	$ 8.06
Price range of options outstanding - upper range limit	$ 44.44	$ 44.44	$ 44.44
Total shares reserved for existing or future grants at end of year	1,997,382

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