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

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of compensation expense and stock award activity



	Three Months Ended June 30,								Six Months Ended June 30,
	2013				2012				2013				2012
Stock-based compensation expense	$	2,097			$	1,620			$	3,941			$	3,273
Non-vested shares granted	10,000				20,500				342,100				369,750
Performance-based non-vested shares granted	—				—				62,500				56,250
Stock options exercised	199,827				10,600				322,100				79,300
Restricted stock awards vested (includes performance-based awards)	6,200				3,400				280,800				197,016

Summary of stock based compensation agreements



	As of
	June 30, 2013				December 31, 2012
Unrecognized stock-based compensation cost	$	21,513			$	13,072
Weighted average years remaining vesting period	2.66				2.17
Total equity awards outstanding (1)	1,367,985				1,615,235

(1) Includes vested and unvested options outstanding and unvested restricted stock awards