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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Organization and Basis of Presentation (Policies)
Notes Tables
Notes Details

Senior, Convertible Senior Notes (Details Textual)

v2.4.0.8

Senior, Convertible Senior Notes (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 200,000,000	$ 200,000,000
Line of credit facility, amount outstanding	0	0
Letters of Credit Outstanding, Amount	35,598,000	42,068,000
Percentage of wholly owned subsidiary	100.00%
4.50% senior notes due two thousand eighteen [Member]
Debt Instrument [Line Items]
Debt instrument, stated rate	4.50%	4.50%
Year in which senior notes due	2018	2018
7.00% senior notes due 2022 [Member]
Debt Instrument [Line Items]
Debt instrument, stated rate	7.00%	7.00%
Year in which senior notes due	2022	2022
7.15% senior notes due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, stated rate	7.15%	7.15%
Year in which senior notes due	2020	2020
Debt Instrument, Unamortized Premium	3,413,000	3,555,000
1.875% convertible senior notes due 2032 [Member]
Debt Instrument [Line Items]
Debt instrument, stated rate	1.875%	1.875%
Year in which senior notes due	2032	2032
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Minimum net worth required for compliance	360,000,000
Leverage ratio	60.00%
Line of credit facility, amount outstanding	0	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 164,400,000
Consolidated EBITDA [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio	1.50
Consolidated Interest Incurred [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio	1.00

- Definition

Debt instrument maturity.

+ References

No definition available.

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- Definition

As of any date, for the applicable period of the four quarters then ended, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Incurred.

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- Definition

The ratio of (a) Consolidated Debt plus Additional Available Liquidity minus, Unrestricted Cash, to the extent Unrestricted Cash exceeds the Required Liquity, divided by (b) Consolidated Debt plus Consolidated Tangible Net Worth plus Additional Available Liquidity.

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No definition available.

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- Definition

The lowest amount of tangible net worth required by secondary market investors.

+ References

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- Definition

Percentage of wholly owned subsidiaries.

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

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-Subparagraph (SX 210.5-02.22(a)(1))

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- Definition

The amount of debt premium that was originally recognized at the issuance of the instrument that has yet to be amortized.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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- Definition

The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.

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No definition available.

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- Definition

Amount borrowed under the credit facility as of the balance sheet date.

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

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- Definition

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

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