Real Estate and Capitalized Interest (Details 2) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||||||
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Mar. 31, 2015
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Mar. 31, 2014
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Dec. 31, 2014
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Summary of capitalized interest | |||||||
Capitalized interest, beginning of period | $ 54,060us-gaap_RealEstateInventoryCapitalizedInterestCosts | $ 32,992us-gaap_RealEstateInventoryCapitalizedInterestCosts | |||||
Interest incurred | 15,282us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred | 14,256us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred | |||||
Interest expensed | (3,154)us-gaap_InterestExpense | (2,713)us-gaap_InterestExpense | |||||
Interest amortized to cost of home and land closings | (9,345)us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales | (5,834)us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales | |||||
Capitalized interest, end of period | 56,843us-gaap_RealEstateInventoryCapitalizedInterestCosts | [1] | 38,701us-gaap_RealEstateInventoryCapitalizedInterestCosts | [1] | |||
Equity Method Land Ventures [Member] | |||||||
Summary of capitalized interest | |||||||
Capitalized interest, beginning of period |
490us-gaap_RealEstateInventoryCapitalizedInterestCosts / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mth_EquityMethodLandVenturesMember |
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Capitalized interest, end of period |
$ 490us-gaap_RealEstateInventoryCapitalizedInterestCosts / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mth_EquityMethodLandVenturesMember |
$ 490us-gaap_RealEstateInventoryCapitalizedInterestCosts / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mth_EquityMethodLandVenturesMember |
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X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of interest costs that had been capitalized to inventory which were charged to cost of sales during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of interest capitalized to an operative builder's inventory during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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- Details
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