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Fair Value of Financial Instruments (Estimated Fair Values Of Financial Instruments) (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Liabilities    
Total return swap $ 1,412us-gaap_DerivativeFairValueOfDerivativeLiability $ 4,025us-gaap_DerivativeFairValueOfDerivativeLiability
Unsecured Debt 150,000us-gaap_UnsecuredDebt 150,000us-gaap_UnsecuredDebt
Investments [Member]    
Assets    
Investments 3,443,363us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InvestmentsMember
3,403,822us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InvestmentsMember
Secured Notes [Member]    
Liabilities    
Secured notes payable 140,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuredDebtMember
140,000us-gaap_DebtInstrumentFairValue
/ us-gaap_FinancialInstrumentAxis
= us-gaap_SecuredDebtMember
Equity Contract [Member]    
Liabilities    
Equity contracts $ 888mcy_EquityContractsFinancialInstrumentsLiabilitiesFairValueDisclosure
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
$ 194mcy_EquityContractsFinancialInstrumentsLiabilitiesFairValueDisclosure
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember