XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.19.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Leases [Abstract] |
Lease, Cost | The components of lease expense were as follows:
|  |  |  | Three Months Ended |  | Six Months Ended
Lease Cost |  | Classification |  | June 30, 2019 |  | June 30, 2019
|  |  |  | (Amounts in thousands)
Operating lease cost (1) |  | Other operating expenses |  | $ | 4,124 |  |  | $ | 7,314 |
Variable lease cost (1) |  | Other operating expenses |  | 417 |  |  | 1,156 |
Total lease cost |  |  |  | $ | 4,541 |  |  | $ | 8,470 |
__________ (1) Includes short-term leases, which are immaterial. Weighted-average lease term and discount rate were as follows:
|  | June 30, 2019
Weighted-average remaining lease term (in years): |  |
Operating leases |  | 4.3 |
Weighted-average discount rate: |  |
Operating leases |  | 3.16 | %
Supplemental cash flow and other information related to leases was as follows:
|  | Six Months Ended
|  | June 30, 2019
|  | (Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 6,928 |
ROU assets obtained in exchange for lease liabilities: |  |
Operating leases |  | 8,319 |
Assets And Liabilities, Lease | Supplemental balance sheet information related to leases was as follows:
|  | June 30, 2019
|  | (Amounts in thousands)
Operating lease ROU assets |  | $ | 44,432 |
Operating lease liabilities |  | 47,091 |
Lessee, Operating Lease, Liability, Maturity | Maturities of lease liabilities as of June 30, 2019 were as follows:
Year |  | Operating Leases
|  | (Amounts in thousands)
Remainder of 2019 |  | $ | 6,913 |
2020 |  | 13,268 |
2021 |  | 10,828 |
2022 |  | 8,597 |
2023 |  | 5,497 |
2024 and thereafter |  | 5,359 |
Total lease payments |  | $ | 50,462 |
Less: Imputed interest |  | 3,371 |
Total lease obligations |  | $ | 47,091 |
Schedule of Future Minimum Rental Payments for Operating Leases | Total rent expense recognized under the Company's various lease agreements was $4.0 million and $7.6 million for the three and six months ended June 30, 2018, respectively. The following table presents future minimum commitments for operating leases as of December 31, 2018:
Year Ending December 31, |  | Operating Leases
|  | (Amounts in thousands)
2019 |  | $ | 12,812 |
2020 |  | 11,547 |
2021 |  | 8,732 |
2022 |  | 6,972 |
2023 |  | 3,659 |
Thereafter |  | 1,966 |

X
- Definition Assets And Liabilities, Lease [Table Text Block] + References No definition available. + Details
Name: | mcy_AssetsAndLiabilitiesLeaseTableTextBlock
Namespace Prefix: | mcy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration