Operating and Reporting Segments (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2015
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Mar. 31, 2014
|
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Revenue | ||||||||
Revenue | $ 518,712us-gaap_RealEstateRevenueNet | $ 408,345us-gaap_RealEstateRevenueNet | ||||||
Segment operating income | ||||||||
Corporate and unallocated costs | (29,650)us-gaap_GeneralAndAdministrativeExpense | (21,671)us-gaap_GeneralAndAdministrativeExpense | ||||||
Loss from other unconsolidated entities, net | (123)mth_EarningsFromOtherUnconsolidatedEntitiesNet | (169)mth_EarningsFromOtherUnconsolidatedEntitiesNet | ||||||
Interest expense | (3,154)us-gaap_InterestExpense | (2,713)us-gaap_InterestExpense | ||||||
Other income/(loss), net | 415us-gaap_OtherNonoperatingIncomeExpense | 648us-gaap_OtherNonoperatingIncomeExpense | ||||||
Earnings before income taxes | 25,297us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 39,758us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | ||||||
Corporate, Non-Segment [Member] | ||||||||
Segment operating income | ||||||||
Corporate and unallocated costs |
(9,542)us-gaap_GeneralAndAdministrativeExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
[1] |
(5,976)us-gaap_GeneralAndAdministrativeExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
[1] | ||||
Loss from other unconsolidated entities, net |
(123)mth_EarningsFromOtherUnconsolidatedEntitiesNet / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
(169)mth_EarningsFromOtherUnconsolidatedEntitiesNet / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
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Interest expense |
(3,154)us-gaap_InterestExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
(2,713)us-gaap_InterestExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
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Other income/(loss), net |
415us-gaap_OtherNonoperatingIncomeExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
648us-gaap_OtherNonoperatingIncomeExpense / us-gaap_ConsolidationItemsAxis = us-gaap_CorporateNonSegmentMember |
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Homebuilding [Member] | Operating Segments [Member] | ||||||||
Revenue | ||||||||
Revenue |
518,712us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember |
[2] |
408,345us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember |
[2] | ||||
Segment operating income | ||||||||
Operating income |
33,921us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember |
44,943us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember |
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Financial Services [Member] | Operating Segments [Member] | ||||||||
Segment operating income | ||||||||
Operating income |
3,780us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_FinancialServicesMember |
3,025us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_FinancialServicesMember |
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Homebuilding, West Region [Member] | Reportable Subsegments [Member] | Homebuilding [Member] | Operating Segments [Member] | ||||||||
Revenue | ||||||||
Revenue |
206,878us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingWestRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] |
192,681us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingWestRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] | ||||
Segment operating income | ||||||||
Operating income |
14,197us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingWestRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
24,810us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingWestRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
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Homebuilding, Central Region [Member] | Reportable Subsegments [Member] | Homebuilding [Member] | Operating Segments [Member] | ||||||||
Revenue | ||||||||
Revenue |
154,026us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingCentralRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] |
119,715us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingCentralRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] | ||||
Segment operating income | ||||||||
Operating income |
14,105us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingCentralRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
9,469us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingCentralRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
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Homebuilding, East Region [Member] | Reportable Subsegments [Member] | Homebuilding [Member] | Operating Segments [Member] | ||||||||
Revenue | ||||||||
Revenue |
157,808us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingEastRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] |
95,949us-gaap_RealEstateRevenueNet / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingEastRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
[2] | ||||
Segment operating income | ||||||||
Operating income |
$ 5,619us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingEastRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
$ 10,664us-gaap_OperatingIncomeLoss / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = mth_HomebuildingMember / us-gaap_SubsegmentsAxis = mth_HomebuildingEastRegionMember / us-gaap_SubsegmentsConsolidationItemsAxis = us-gaap_ReportableSubsegmentsMember |
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X | ||||||||||
- Definition
The portion of earnings attributable to the Company from investments in non-financial services joint ventures. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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