Form 8-K

8-K — Meritage Homes CORP

Accession: 0000833079-26-000103

Filed: 2026-04-22

Period: 2026-04-22

CIK: 0000833079

SIC: 1531 (OPERATIVE BUILDERS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — mth-20260422.htm (Primary)

EX-99.1 (mth20260331earningsrelease.htm)

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8-K

8-K (Primary)

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mth-20260422

0000833079false00008330792026-04-222026-04-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 22, 2026

_______________________

MERITAGE HOMES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Maryland 001-09977 86-0611231

(State or Other Jurisdiction

of Incorporation) (Commission File

Number) (IRS Employer

Identification No.)

18655 North Claret Drive, Suite 400, Scottsdale, Arizona 85255

(Address of Principal Executive Offices, including Zip Code)

(480) 515-8100

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock $.01 par value MTH New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 22, 2026, Meritage Homes Corporation (the "Company") announced in a press release information concerning its results for the quarterly period ended March 31, 2026. A copy of this press release, including information concerning forward-looking statements and factors that may affect the Company's future results, is attached as Exhibit 99.1. This press release is being furnished, not filed, under Item 2.02 in this Report on Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Number Description

99.1

Press Release dated April 22, 2026

104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 22, 2026

MERITAGE HOMES CORPORATION

/s/ Alison Sasser

By: Alison Sasser

Senior Vice President and Chief Accounting Officer

EX-99.1

Filename: mth20260331earningsrelease.htm · Sequence: 2

Document

Exhibit 99.1

Contacts: Emily Tadano, VP Investor Relations and External Communications

(480) 515-8979 (office)

investors@meritagehomes.com

Meritage Homes reports first quarter 2026 results

SCOTTSDALE, Ariz., April 22, 2026 - Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2026.

Summary Operating Results (unaudited)

(Dollars in thousands, except per share amounts)

Three Months Ended March 31,

2026 2025 % Chg

Homes closed (units) 2,967 3,416 (13) %

Home closing revenue $ 1,107,822 $ 1,342,104 (17) %

Average sales price — closings $ 373 $ 393 (5) %

Home orders (units) 3,664 3,876 (5) %

Home order value $ 1,400,440 $ 1,558,177 (10) %

Average sales price — orders $ 382 $ 402 (5) %

Ending backlog (units) 1,865 2,004 (7) %

Ending backlog value $ 711,466 $ 812,358 (12) %

Average sales price — backlog $ 381 $ 405 (6) %

Home closing gross margin 17.5% 22.0% (450) bps

Earnings before income taxes $ 72,524 $ 160,159 (55) %

Net earnings $ 55,309 $ 122,806 (55) %

Diluted EPS $ 0.82 $ 1.69 (51) %

MANAGEMENT COMMENTS

"With the spring selling season commencing this quarter, we experienced some improved demand, achieving an absorption rate of 3.6 net sales per month and sales orders of 3,664 homes. However, these results were below our expectations as 2026 began with a severe winter storm in January and then transitioned into military operations in Iran midway through the quarter, which negatively impacted consumer sentiment and mortgage rates," said Steven J. Hilton, executive chairman of Meritage Homes. "In this environment, we acknowledge that capturing demand requires higher than anticipated incentive utilization, even as we look to optimize every asset while balancing pace and margin."

"We leaned into our strategy again this quarter, focusing on what we can control. We are proud of another year-over-year improvement in our cycle times driving 2,967 closings this quarter, and, with nearly 70% of these deliveries coming from intra-quarter sales, a backlog conversion rate of 254%," added Phillippe Lord, chief executive officer of Meritage Homes. "First quarter 2026 home closing revenue totaled $1.1 billion, however the difficult macroeconomic conditions this quarter drove a lower revenue leverage and increased incentives, resulting in home closing gross margin of 17.5% and diluted EPS of $0.82. As of March 31, 2026, our book value per share increased 6% year-over-year."

"We also maintained our objective of balance sheet preservation in uncertain times while continuing to execute on our shareholder returns commitment. In addition to opening 40 new communities and ending the quarter with 345 communities—our highest ever store count—we also completed $130 million of share repurchases, paid $32 million in dividends and finished the quarter with cash of $767 million, nothing drawn under our revolving credit facility and a net debt-to-capital ratio of 17.4%," concluded Mr. Lord.

FIRST QUARTER RESULTS

•Orders of 3,664 homes for the first quarter of 2026 decreased 5% year-over-year mainly as a result of 18% lower average absorption pace, which was partially offset by a 17% increase in average community count. First quarter 2026 average sales price ("ASP") on orders of $382,000 was down 5% from the first quarter of 2025, primarily due to increased utilization of incentives and geographic mix this year.

•The 17% year-over-year decrease in home closing revenue in the first quarter of 2026 to $1.1 billion was due to 13% lower closing volume of 2,967 homes combined with a 5% decrease in ASP on closings to $373,000. ASP on closings was impacted by increased utilization of incentives and geographic mix this year.

•Home closing gross margin of 17.5% in the first quarter of 2026 was 450 bps lower than 22.0% in the prior year as a result of increased utilization of incentives, higher lot costs and reduced leverage of fixed costs on lower home closing revenue, all of which were partially offset by savings in direct costs, decreased compensation expense and faster cycle times. First quarter 2026 home closing gross margin included $2.4 million of real estate inventory impairments and $1.4 million in terminated land deal walk-away charges, compared to no impairments and $1.4 million in terminated land deal walk-away charges in the prior year.

•Selling, general and administrative expenses ("SG&A") as a percentage of first quarter 2026 home closing revenue were 11.8% compared to 11.3% in the first quarter of 2025, primarily as a result of lost leverage on lower home closing revenue as well as higher technology costs, which were partially offset by decreased compensation expense and an intentional reduction in discretionary expenses.

•The first quarter effective income tax rate was 23.7% in 2026 compared to 23.3% in 2025.

•Net earnings were $55 million ($0.82 per diluted share) for the first quarter 2026, a 55% decrease from $123 million ($1.69 per diluted share) for the first quarter of 2025, mainly resulting from lower home closing revenue and gross profit.

BALANCE SHEET & LIQUIDITY

•Cash and cash equivalents at March 31, 2026 totaled $767 million. This compared to cash and cash equivalents of $775 million at December 31, 2025.

•Land acquisition and development spend, net of land development reimbursements, totaled $326 million for the first quarter of 2026, reflecting a deliberate pullback due to market conditions. This compared to $465 million of land acquisition and development spend, net of land development reimbursements, in the first quarter of 2025.

•Approximately 75,500 lots were owned or controlled as of March 31, 2026, compared to approximately 84,200 lots as of March 31, 2025. Nearly 400 net new lots were added in the first quarter of 2026, representing an estimated 11 future communities.

•First quarter 2026 ending community count of 345 was up 19% compared to prior year and up 3% compared to the fourth quarter of 2025.

•Debt-to-capital and net debt-to-capital ratios were 26.6% and 17.4%, respectively, at March 31, 2026, which compared to 26.0% and 16.9%, respectively, at December 31, 2025.

•The Company declared and paid quarterly cash dividends of $0.48 per share totaling $32 million in the first quarter of 2026. This compared to $0.43 per share totaling $31 million in the first quarter of 2025.

•During the first quarter of 2026, the Company repurchased 1,815,820 shares of stock, or 2.7% of shares outstanding at the beginning of the quarter, for $130 million. This compared to $45 million in the first quarter of 2025. As of March 31, 2026, $384 million remained available to repurchase.

GUIDANCE

Based on current market conditions, the Company is updating its guidance for full year 2026 home closing volume and revenue to at or within 5% of full year 2025 results.

CONFERENCE CALL

Management will host a conference call to discuss its first quarter 2026 results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Thursday, April 23, 2026. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-800-445-7795 US toll free or 1-785-424-1699. A replay will be available on the Investor Relations page.

Meritage Homes Corporation and Subsidiaries

Consolidated Income Statements

(In thousands, except per share data)

(Unaudited)

Three Months Ended March 31,

2026 2025 Change $ Change %

Homebuilding:

Home closing revenue $ 1,107,822 $ 1,342,104 $ (234,282) (17) %

Land closing revenue 9,361 15,421 (6,060) (39) %

Total closing revenue 1,117,183 1,357,525 (240,342) (18) %

Cost of home closings (914,024) (1,046,454) (132,430) (13) %

Cost of land closings (9,630) (12,256) (2,626) (21) %

Total cost of closings (923,654) (1,058,710) (135,056) (13) %

Home closing gross profit 193,798 295,650 (101,852) (34) %

Land closing gross (loss)/profit (269) 3,165 (3,434) (108) %

Total closing gross profit 193,529 298,815 (105,286) (35) %

Financial Services:

Revenue 6,285 7,082 (797) (11) %

Expense (3,623) (4,192) (569) (14) %

Earnings from financial services unconsolidated entities and other, net 831 673 158 23 %

Financial services profit 3,493 3,563 (70) (2) %

Commissions and other sales costs (79,472) (94,720) (15,248) (16) %

General and administrative expenses (51,402) (56,997) (5,595) (10) %

Interest expense (587) — 587 N/A

Other income, net 6,963 9,498 (2,535) (27) %

Earnings before income taxes 72,524 160,159 (87,635) (55) %

Provision for income taxes (17,215) (37,353) (20,138) (54) %

Net earnings $ 55,309 $ 122,806 $ (67,497) (55) %

Earnings per common share:

Basic Change $ or shares Change %

Earnings per common share $ 0.82 $ 1.71 $ (0.89) (52) %

Weighted average shares outstanding 67,367 71,915 (4,548) (6) %

Diluted

Earnings per common share $ 0.82 $ 1.69 $ (0.87) (51) %

Weighted average shares outstanding 67,806 72,650 (4,844) (7) %

Meritage Homes Corporation and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share data)

(Unaudited)

March 31, 2026 December 31, 2025

Assets:

Cash and cash equivalents $ 766,632 $ 775,157

Other receivables 280,922 306,956

Real estate (1)

5,962,075 5,987,120

Deposits on real estate under option or contract 166,236 174,170

Investments in unconsolidated entities 60,762 57,268

Property and equipment, net 46,064 46,647

Deferred tax asset, net 51,211 53,293

Prepaids, other assets and goodwill 220,709 221,676

Total assets $ 7,554,611 $ 7,622,287

Liabilities:

Accounts payable $ 199,943 $ 200,679

Accrued and other liabilities 408,718 387,698

Home sale deposits 10,907 9,213

Loans payable and other borrowings 34,990 24,328

Senior and convertible senior notes, net 1,806,284 1,804,726

Total liabilities 2,460,842 2,426,644

Stockholders' Equity:

Preferred stock — —

Common stock, par value $0.01. Authorized 125,000,000 shares; 66,702,433 and 68,168,923 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 667 682

Additional paid-in capital — —

Retained earnings 5,093,102 5,194,961

Total stockholders’ equity 5,093,769 5,195,643

Total liabilities and stockholders’ equity $ 7,554,611 $ 7,622,287

(1) Real estate – Allocated costs:

Homes completed and under construction $ 1,933,033 $ 2,069,548

Finished home sites and home sites under development 3,963,883 3,917,572

Consolidated real estate not owned 65,159 —

Total real estate $ 5,962,075 $ 5,987,120

Meritage Homes Corporation and Subsidiaries

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three Months Ended March 31,

2026 2025

Cash flows from operating activities:

Net earnings $ 55,309 $ 122,806

Adjustments to reconcile net earnings to net cash provided by/(used in) operating activities:

Depreciation and amortization 5,373 5,949

Real estate and land impairments 2,427 —

Write-off of terminated land deals 1,373 1,433

Stock-based compensation 5,860 6,325

Equity in earnings from unconsolidated entities (656) (626)

Distribution of earnings from unconsolidated entities 673 588

Other 2,074 489

Changes in assets and liabilities:

Decrease/(increase) in real estate 34,049 (60,821)

Decrease/(increase) in deposits on real estate under option or contract 7,389 (62,179)

Decrease/(increase) in other receivables, prepaids and other assets 29,018 (37,636)

Decrease in accounts payable and accrued and other liabilities (43,274) (16,041)

Increase/(decrease) in home sale deposits 1,694 (2,863)

Net cash provided by/(used in) operating activities 101,309 (42,576)

Cash flows from investing activities:

Investments in unconsolidated entities (3,517) (5,850)

Purchases of property and equipment (4,308) (5,592)

Proceeds from sales of property and equipment 94 29

Net cash used in investing activities (7,731) (11,413)

Cash flows from financing activities:

Repayment of loans payable and other borrowings (33) (2,150)

Proceeds from issuance of senior notes — 497,195

Payment of debt issuance costs — (5,073)

Proceeds from liabilities related to consolidated real estate not owned 59,947 —

Dividends paid (32,017) (30,887)

Repurchase of shares (130,000) (44,999)

Net cash (used in)/provided by financing activities (102,103) 414,086

Net (decrease)/increase in cash and cash equivalents (8,525) 360,097

Beginning cash and cash equivalents 775,157 651,555

Ending cash and cash equivalents $ 766,632 $ 1,011,652

Meritage Homes Corporation and Subsidiaries

Operating Data

(Dollars in thousands)

(Unaudited)

We aggregate our homebuilding operating segments into reporting segments based on similar long-term economic characteristics and geographical proximity. Our three reportable homebuilding segments are as follows:

•West: Arizona, California, Colorado, and Utah

•Central: Tennessee and Texas

•East: Alabama, Florida, Georgia, Mississippi, North Carolina and South Carolina

Three Months Ended March 31,

2026 2025

Homes Value Homes Value

Homes Closed:

West Region 686 $ 336,183 998 $ 479,636

Central Region 1,108 376,300 1,187 412,537

East Region 1,173 395,339 1,231 449,931

Total 2,967 $ 1,107,822 3,416 $ 1,342,104

Homes Ordered:

West Region 898 $ 444,293 1,093 $ 539,594

Central Region 1,316 457,299 1,365 489,160

East Region 1,450 498,848 1,418 529,423

Total 3,664 $ 1,400,440 3,876 $ 1,558,177

At March 31,

2026 2025

Homes Value Homes Value

Order Backlog:

West Region 397 $ 193,651 530 $ 262,627

Central Region 665 238,387 659 242,919

East Region 803 279,428 815 306,812

Total 1,865 $ 711,466 2,004 $ 812,358

Three Months Ended March 31,

2026 2025

Ending Average Ending Average

Active Communities:

West Region 88 85.5 85 88.0

Central Region 107 109.5 82 86.0

East Region 150 145.5 123 117.0

Total 345 340.5 290 291.0

Meritage Homes Corporation and Subsidiaries

Supplement and Non-GAAP information

(Unaudited)

Supplemental Information (Dollars in thousands):

Three Months Ended March 31,

2026 2025

Depreciation and amortization $ 5,373 $ 5,949

Summary of Capitalized Interest:

Capitalized interest, beginning of period $ 77,064 $ 53,678

Interest incurred 20,005 14,714

Interest expensed (587) —

Interest amortized to cost of home and land closings (12,018) (11,285)

Capitalized interest, end of period $ 84,464 $ 57,107

Reconciliation of Non-GAAP Information (Dollars in thousands):

This press release includes comments and discussion about our operating results that reflect certain adjustments, including to home closing gross profit, home closing gross margin, earnings before income taxes, net earnings, diluted earnings per common share, and debt-to-capital ratios. These are considered non-GAAP financial measures and should be considered in addition to, rather than as a substitute for, the comparable GAAP financial measures. We believe these non-GAAP financial measures are relevant and useful to investors in understanding our operating results and may be helpful in comparing our company with other companies in the homebuilding and other industries to the extent they provide similar information. We encourage investors to understand the methods used by other companies to calculate these non-GAAP financial measures and any adjustments thereto before comparing to our non-GAAP financial measures.

Home Closing Gross Profit and Home Closing Gross Margin

Three Months Ended March 31,

2026 2025

Home closing gross profit $ 193,798 $ 295,650

Home closing gross margin 17.5 % 22.0 %

Add: Real estate-related impairments 2,427 —

Add: Write-off of terminated land deals 1,373 1,433

Adjusted home closing gross profit $ 197,598 $ 297,083

Adjusted home closing gross margin 17.8 % 22.1 %

Earnings before income taxes, Net earnings and Diluted earnings per common share

Three Months Ended March 31,

2026 2025

Earnings before income taxes $ 72,524 $ 160,159

Add: Real estate-related impairments 2,457 —

Add: Write-off of terminated land deals 1,373 1,433

Adjusted earnings before income taxes $ 76,354 $ 161,592

Incremental tax rate 24.8 % 24.4 %

Adjusted provision for income tax (18,165) (37,703)

Adjusted net earnings 58,189 123,889

Diluted earnings per common share $ 0.82 $ 1.69

Adjusted diluted earnings per common share $ 0.86 $ 1.71

Debt-to-Capital Ratios

March 31, 2026 December 31, 2025

Senior and convertible senior notes, net and loans payable and other borrowings $ 1,841,274 $ 1,829,054

Stockholders' equity 5,093,769 5,195,643

Total capital $ 6,935,043 $ 7,024,697

Debt-to-capital 26.6% 26.0%

Senior and convertible senior notes, net and loans payable and other borrowings $ 1,841,274 $ 1,829,054

Less: cash and cash equivalents (766,632) (775,157)

Net debt $ 1,074,642 $ 1,053,897

Stockholders’ equity 5,093,769 5,195,643

Total net capital $ 6,168,411 $ 6,249,540

Net debt-to-capital 17.4% 16.9%

About Meritage Homes Corporation

Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2025. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina.

Meritage has delivered over 210,000 homes in its 41-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.

For more information, visit www.meritagehomes.com.

The information included in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in general and our future results including our full year 2026 projected home closing volume and home closing revenue.

Such statements are based on the current beliefs and expectations of Company management and current market conditions, which are subject to significant uncertainties and fluctuations. Actual results may differ from those set forth in the forward-looking statements. The Company makes no commitment, and disclaims any duty, except as required by law, to update or revise any forward-looking statements to reflect future events or changes in these expectations. Meritage's business is subject to a number of risks and uncertainties. As a result of those risks and uncertainties, the Company's stock and note prices may fluctuate dramatically. These risks and uncertainties include, but are not limited to, the following: increases in interest rates or decreases in mortgage availability, and the cost and use of rate locks and buy-downs; the cost of materials used to develop communities and construct homes; shortages in the availability and cost of subcontract labor; legislation related to tariffs; cancellation rates; supply chain and labor constraints; the ability of our potential buyers to sell their existing homes; the adverse effect of slow absorption rates; our ability to acquire and develop lots may be negatively impacted if we are unable to obtain performance and surety bonds; impairments of our real estate inventory; competition; home warranty and construction defect claims; failures in health and safety performance; fluctuations in quarterly operating results; our level of indebtedness; our exposure to counterparty risk with respect to our capped calls; our ability to obtain financing if our credit ratings are downgraded; our exposure to and impacts from natural disasters or severe weather conditions; the availability and cost of finished lots and undeveloped land; the success of our strategy to offer and market entry-level and first move-up homes; a change to the feasibility of projects under option or contract that could result in the write-down or write-off of earnest money or option deposits; our limited geographic diversification; sustainability matters and disclosures; our exposure to information technology failures and security breaches and the impact thereof; the loss of key personnel; changes in tax laws that adversely impact us or our homebuyers; our inability to prevail on contested tax positions; failure of our employees and representatives to comply with laws and regulations; our compliance with government regulations; liabilities or restrictions resulting from regulations applicable to our financial services operations; negative publicity that affects our reputation;

potential disruptions to our business by an epidemic or pandemic, and measures that federal, state and local governments and/or health authorities implement to address it; and other factors identified in documents filed by the Company with the Securities and Exchange Commission, including those set forth in our Form 10-K for the year ended December 31, 2025 under the caption "Risk Factors," which can be found on our website at https://investors.meritagehomes.com.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

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- Definition

Title of a 12(b) registered security.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

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

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

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

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

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