XML 46 R47.htm IDEA: XBRL DOCUMENT v2.4.1.9
Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Investments $ 3,403,822,000us-gaap_Investments $ 3,158,312,000us-gaap_Investments
Total return swap 0us-gaap_DerivativeLiabilityFairValueGrossAsset 1,650,000us-gaap_DerivativeLiabilityFairValueGrossAsset
Credit facility amount 150,000,000us-gaap_LineOfCreditFacilityAmountOutstanding  
Investments [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Investments 3,403,822,000us-gaap_Investments
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InvestmentsMember
3,158,312,000us-gaap_Investments
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InvestmentsMember
Interest Rate Swap [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Interest rate swap agreements, liabilities 4,025,000us-gaap_DerivativeLiabilities
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateSwapMember
0us-gaap_DerivativeLiabilities
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateSwapMember
Secured Debt [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Financial instrument, fair value 140,000,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuredDebtMember
140,000,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuredDebtMember
Unsecured Debt [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Financial instrument, fair value 150,000,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_UnsecuredDebtMember
50,000,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_UnsecuredDebtMember
Equity Contract [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Equity contracts 194,000mcy_EquityContractsFinancialInstrumentsLiabilitiesFairValueDisclosure
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
140,000mcy_EquityContractsFinancialInstrumentsLiabilitiesFairValueDisclosure
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
Revolving Credit Facility [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Credit facility amount $ 150,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember