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)

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Summary of Changes in Shareholders' Equity

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



		Six Months Ended June 30, 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		—			—				—				60,847				60,847
Exercise/vesting of stock-based awards		349			3				229				—				232
Excess income tax provision from stock-based awards		—			—				(526		)		—				(526		)
Stock-based compensation expense		—			—				7,313				—				7,313
Balance at June 30, 2016		40,018			$	400			$	566,508			$	759,895			$	1,326,803



		Six Months Ended June 30, 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		—			—				—				45,533				45,533
Exercise/vesting of stock-based awards		514			6				2,833				—				2,839
Excess income tax benefit from stock-based awards		—			—				2,012				—				2,012
Stock-based compensation expense		—			—				8,465				—				8,465
Balance at June 30, 2015		39,661			$	397			$	552,098			$	615,843			$	1,168,338