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

Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Summary of Changes in Shareholders' Equity

A summary of changes in shareholders’ equity is presented below (in thousands):



		Three Months Ended March 31, 2016
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2015		39,669			$	397			$	559,492			$	699,048			$	1,258,937
Net earnings		—			—				—				20,969				20,969
Exercise/vesting of equity awards		316			3				158				—				161
Excess income tax provision from stock-based awards		—			—				(516		)		—				(516		)
Equity award compensation expense		—			—				4,758				—				4,758
Balance at March 31, 2016		39,985			$	400			$	563,892			$	720,017			$	1,284,309



		Three Months Ended March 31, 2015
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2014		39,147			$	391			$	538,788			$	570,310			$	1,109,489
Net earnings		—			—				—				16,400				16,400
Exercise/vesting of equity awards		470			5				2,829				—				2,834
Excess income tax benefit from stock-based awards		—			—				1,935				—				1,935
Equity award compensation expense		—			—				4,630				—				4,630
Balance at March 31, 2015		39,617			$	396			$	548,182			$	586,710			$	1,135,288