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

Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

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



		Nine Months Ended September 30, 2017
		(In thousands)
		Number of Shares			Common Stock				Additional Paid-In Capital				Retained Earnings				Total
Balance at December 31, 2016		40,031			$	400			$	572,506			$	848,589			$	1,421,495
Net earnings		—			—				—				107,702				107,702
Exercise/vesting of stock-based awards		295			3				(3		)		—				—
Stock-based compensation expense		—			—				9,911				—				9,911
Balance at September 30, 2017		40,326			$	403			$	582,414			$	956,291			$	1,539,108



		Nine Months Ended September 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		—			—				—				97,734				97,734
Exercise/vesting of stock-based awards		356			3				229				—				232
Excess income tax benefit from stock-based awards		—			—				(540		)		—				(540		)
Stock-based compensation expense		—			—				11,042				—				11,042
Balance at September 30, 2016		40,025			$	400			$	570,223			$	796,782			$	1,367,405