Bring a large kettle of salted water to a boil. Cook macaroni according to directions on the package. Drain thoroughly.
Preheat oven to 400°F. Move a rack to the upper third of the oven.
If needed, warm the Mornay sauce in a large saucepan over low heat. If the sauce is too thick, add a bit of heavy cream to thin.
Remove from heat and stir in macaroni. Season to taste with salt, pepper, and nutmeg.
Transfer to an 8-cup gratin dish (or other appropriate baking dish) and sprinkle the top with thyme, cheese, and bread crumbs.
Place in the oven and immediately lower the temperature to 375°F.
Bake for 15 to 20 minutes, or until the mixture is hot and bubbling around the edges.
If desired, turn on the broiler to brown the top of the gratin.