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

STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2021

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


	Nine Months Ended September 30, 2021
	(In thousands)
	Number of Shares		Common Stock		Additional Paid-In Capital		Retained Earnings		Total
Balance at December 31, 2020	37,512		$	375	$	455,762	$	1,891,731	$	2,347,868
Net earnings	—		—		—		131,843		131,843
Stock-based compensation expense	—		—		5,367		—		5,367
Issuance of stock	435		4		(4)		—		—
Share repurchases	(100)		(1)		(8,384)		—		(8,385)
Balance at March 31, 2021	37,847		$	378	$	452,741	$	2,023,574	$	2,476,693
Net earnings	—		—		—		167,389		167,389
Stock-based compensation expense	—		—		3,223		—		3,223

Share repurchases	(200)		(2)		(19,159)		—		(19,161)
Balance at June 30, 2021	37,647		$	376	$	436,805	$	2,190,963	$	2,628,144
Net earnings	—		—		—		200,752		200,752
Stock-based compensation expense	—		—		5,845		—		5,845
Issuance of stock	3		—		—		—		—
Share repurchases	(95)		—		(9,471)		—		(9,471)
Balance at September 30, 2021	$	37,555	$	376	$	433,179	$	2,391,715	$	2,825,270


	Nine Months Ended September 30, 2020
	(In thousands)
	Number of Shares	Common Stock		Additional Paid-In Capital		Retained Earnings		Total
Balance at December 31, 2019	38,199	$	382	$	505,352	$	1,468,256	$	1,973,990
Net earnings	—	—		—		71,152		71,152
Stock-based compensation expense	—	—		6,437		—		6,437
Issuance of stock	398	4		(4)		—		—
Share repurchases	(1,000)	(10)		(60,803)		—		(60,813)


Balance at March 31, 2020	37,597	$	376	$	450,982	$	1,539,408	$	1,990,766
Net earnings	—	—		—		90,678		90,678
Stock-based compensation expense	—	—		3,157		—		3,157
Issuance of stock	6	1		(1)		—		—
Balance at June 30, 2020	37,603	$	377	$	454,138	$	1,630,086	$	2,084,601
Net earnings	—	—		—		109,118		109,118
Stock-based compensation expense	—	—		6,130		—		6,130
Issuance of stock	9	—		—		—		—
Balance at September 30, 2020	37,612	$	377	$	460,268	$	1,739,204	$	2,199,849