XML 59 R48.htm IDEA: XBRL DOCUMENT
v3.5.0.2

SENIOR AND CONVERTIBLE SENIOR NOTES, NET - Schedule of Senior and Convertible Senior Notes, Net (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net |  | $ 1,094,146 | $ 1,093,173
Net debt issuance costs | [1] | (9,487) | (10,745)
Senior Notes [Member] | 4.50% senior notes due 2018 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net |  | $ 175,000 | $ 175,000
Debt instrument, stated rate (percent) |  | 4.50% | 4.50%
Senior Notes [Member] | 7.15% senior notes due 2020 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net |  | $ 302,133 | $ 302,418
Debt instrument, stated rate (percent) |  | 7.15% | 7.15%
Unamortized premium |  | $ 2,133 | $ 2,418
Senior Notes [Member] | 7.00% senior notes due 2022 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net |  | $ 300,000 | $ 300,000
Debt instrument, stated rate (percent) |  | 7.00% | 7.00%
Senior Notes [Member] | 6.00% senior notes due 2025 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net |  | $ 200,000 | $ 200,000
Debt instrument, stated rate (percent) |  | 6.00% | 6.00%
Senior Notes [Member] | 1.875% convertible senior notes due 2032 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Senior and convertible senior notes, net | [2] | $ 126,500 | $ 126,500
Debt instrument, stated rate (percent) |  | 1.875% | 1.875%
[1] | As discussed in Note 1, the adoption of ASU 2015-03 resulted in a retrospective reclassification of our debt costs from Prepaids, other assets and goodwill to Senior and convertible senior notes, net on our December 31, 2015 balance sheet in the amount of $10.7 million.
[2] | The Convertible Notes may be redeemed by the note-holders on the fifth, tenth and fifteenth anniversary dates of the September 18, 2012 issuance date of the Convertible Notes.

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt premium. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentUnamortizedPremium
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_SeniorNotes
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mth_SeniorNotesDueTwoThousandEighteenMemberDomain
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mth_SeniorNotesDueTwoThousandTwentyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mth_SeniorNotesDueTwoThousandTwentyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mth_SeniorNotesDueTwoThousandTwentyFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mth_ConvertibleSeniorNotesDueTwoThousandThirtyTwoMemberMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |