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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2016
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended March 31, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 314,317 |  | $ | 10,053 |  | $ | — |  | $ | 324,370 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 260,172 |  | — |  | — |  | 260,172 |
General and administrative |  | — |  | 18,302 |  | 3,957 |  | — |  | 22,259 |
Selling |  | — |  | 22,266 |  | — |  | — |  | 22,266 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (307 | ) | — |  | (307 | )
Interest |  | — |  | 4,881 |  | 384 |  | — |  | 5,265 |
Total costs and expenses |  | — |  | 305,621 |  | 4,034 |  | — |  | 309,655 |
Income before income taxes |  | — |  | 8,696 |  | 6,019 |  | — |  | 14,715 |
Provision for income taxes |  | — |  | 3,444 |  | 2,082 |  | — |  | 5,526 |
Equity in subsidiaries |  | 9,189 |  | — |  | — |  | (9,189 | ) | — |
Net income |  | 9,189 |  | 5,252 |  | 3,937 |  | (9,189 | ) | 9,189 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 7,970 |  | $ | 5,252 |  | $ | 3,937 |  | $ | (9,189 | ) | $ | 7,970 |
|  | Three Months Ended March 31, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 255,062 |  | $ | 8,097 |  | $ | — |  | $ | 263,159 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 206,183 |  | — |  | — |  | 206,183 |
General and administrative |  | — |  | 16,386 |  | 2,948 |  | — |  | 19,334 |
Selling |  | — |  | 17,686 |  | — |  | — |  | 17,686 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (198 | ) | — |  | (198 | )
Interest |  | — |  | 4,131 |  | 331 |  | — |  | 4,462 |
Total costs and expenses |  | — |  | 244,386 |  | 3,081 |  | — |  | 247,467 |
Income before income taxes |  | — |  | 10,676 |  | 5,016 |  | — |  | 15,692 |
Provision for income taxes |  | — |  | 4,392 |  | 1,732 |  | — |  | 6,124 |
Equity in subsidiaries |  | 9,568 |  | — |  | — |  | (9,568 | ) | — |
Net income |  | 9,568 |  | 6,284 |  | 3,284 |  | (9,568 | ) | 9,568 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 8,349 |  | $ | 6,284 |  | $ | 3,284 |  | $ | (9,568 | ) | $ | 8,349 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | March 31, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 19,898 |  | $ | 11,857 |  | $ | — |  | $ | 31,755 |
Restricted cash |  | — |  | 2,566 |  | — |  | — |  | 2,566 |
Mortgage loans held for sale |  | — |  | — |  | 94,438 |  | — |  | 94,438 |
Inventory |  | — |  | 1,153,537 |  | — |  | — |  | 1,153,537 |
Property and equipment - net |  | — |  | 22,097 |  | 643 |  | — |  | 22,740 |
Investment in unconsolidated joint ventures |  | — |  | 8,726 |  | 16,967 |  | — |  | 25,693 |
Deferred income taxes, net of valuation allowances |  | — |  | 55,786 |  | 74 |  | — |  | 55,860 |
Investment in subsidiaries |  | 627,042 |  | — |  | — |  | (627,042 | ) | — |
Intercompany assets |  | 411,628 |  | — |  | — |  | (411,628 | ) | — |
Other assets |  | 2,392 |  | 36,052 |  | 11,679 |  | — |  | 50,123 |
TOTAL ASSETS |  | $ | 1,041,062 |  | $ | 1,298,662 |  | $ | 135,658 |  | $ | (1,038,670 | ) | $ | 1,436,712 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 81,163 |  | $ | 431 |  | $ | — |  | $ | 81,594 |
Customer deposits |  | — |  | 23,467 |  | — |  | — |  | 23,467 |
Intercompany liabilities |  | — |  | 395,625 |  | 16,003 |  | (411,628 | ) | — |
Other liabilities |  | — |  | 69,297 |  | 5,048 |  | — |  | 74,345 |
Community development district obligations |  | — |  | 832 |  | — |  | — |  | 832 |
Obligation for consolidated inventory not owned |  | — |  | 4,921 |  | — |  | — |  | 4,921 |
Notes payable bank - homebuilding operations |  | — |  | 114,500 |  | — |  | — |  | 114,500 |
Notes payable bank - financial services operations |  | — |  | — |  | 87,186 |  | — |  | 87,186 |
Notes payable - other |  | — |  | 8,805 |  | — |  | — |  | 8,805 |
Convertible senior subordinated notes due 2017 - net |  | 56,662 |  | — |  | — |  | — |  | 56,662 |
Convertible senior subordinated notes due 2018 - net |  | 84,891 |  | — |  | — |  | — |  | 84,891 |
Senior notes due 2021 - net |  | 294,904 |  | — |  | — |  | — |  | 294,904 |
TOTAL LIABILITIES |  | 436,457 |  | 698,610 |  | 108,668 |  | (411,628 | ) | 832,107 |
SHAREHOLDERS’ EQUITY |  | 604,605 |  | 600,052 |  | 26,990 |  | (627,042 | ) | 604,605 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,041,062 |  | $ | 1,298,662 |  | $ | 135,658 |  | $ | (1,038,670 | ) | $ | 1,436,712 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 18,156 |  | $ | (7,951 | ) | $ | 10,205 |
Restricted cash |  | — |  | 2,896 |  | — |  | — |  | 2,896 |
Mortgage loans held for sale |  | — |  | — |  | 127,001 |  | — |  | 127,001 |
Inventory |  | — |  | 1,112,042 |  | — |  | — |  | 1,112,042 |
Property and equipment - net |  | — |  | 12,222 |  | 675 |  | — |  | 12,897 |
Investment in unconsolidated joint ventures |  | — |  | 17,425 |  | 19,542 |  | — |  | 36,967 |
Deferred income taxes, net of valuation allowances |  | — |  | 67,255 |  | 149 |  | — |  | 67,404 |
Investment in subsidiaries |  | 621,052 |  | — |  | — |  | (621,052 | ) | — |
Intercompany assets |  | 408,847 |  | — |  | — |  | (408,847 | ) | — |
Other assets |  | 2,626 |  | 32,335 |  | 11,181 |  | — |  | 46,142 |
TOTAL ASSETS |  | $ | 1,032,525 |  | $ | 1,244,175 |  | $ | 176,704 |  | $ | (1,037,850 | ) | $ | 1,415,554 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 94,554 |  | $ | 275 |  | $ | (7,951 | ) | $ | 86,878 |
Customer deposits |  | — |  | 19,567 |  | — |  | — |  | 19,567 |
Intercompany liabilities |  | — |  | 387,439 |  | 21,408 |  | (408,847 | ) | — |
Other liabilities |  | — |  | 88,550 |  | 5,120 |  | — |  | 93,670 |
Community development district obligations |  | — |  | 1,018 |  | — |  | — |  | 1,018 |
Obligation for consolidated inventory not owned |  | — |  | 6,007 |  | — |  | — |  | 6,007 |
Notes payable bank - homebuilding operations |  | — |  | 43,800 |  | — |  | — |  | 43,800 |
Notes payable bank - financial services operations |  | — |  | — |  | 123,648 |  | — |  | 123,648 |
Notes payable - other |  | — |  | 8,441 |  | — |  | — |  | 8,441 |
Convertible senior subordinated notes due 2017 - net |  | 56,518 |  | — |  | — |  | — |  | 56,518 |
Convertible senior subordinated notes due 2018 - net |  | 84,714 |  | — |  | — |  | — |  | 84,714 |
Senior notes due 2021 - net |  | 294,727 |  | — |  | — |  | — |  | 294,727 |
TOTAL LIABILITIES |  | 435,959 |  | 649,376 |  | 150,451 |  | (416,798 | ) | 818,988 |
SHAREHOLDERS’ EQUITY |  | 596,566 |  | 594,799 |  | 26,253 |  | (621,052 | ) | 596,566 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,032,525 |  | $ | 1,244,175 |  | $ | 176,704 |  | $ | (1,037,850 | ) | $ | 1,415,554 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2016
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 3,200 |  | $ | (39,162 | ) | $ | 40,218 |  | $ | (3,200 | ) | $ | 1,056 |
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 689 |  | — |  | — |  | 689 |
Purchase of property and equipment | — |  | (10,686 | ) | (20 | ) | — |  | (10,706 | )
Intercompany investing | (2,054 | ) | — |  | — |  | 2,054 |  | — |
Investments in and advances to unconsolidated joint ventures | — |  | (1,502 | ) | (1,344 | ) | — |  | (2,846 | )
Net cash (used in) provided by investing activities | (2,054 | ) | (11,499 | ) | (1,364 | ) | 2,054 |  | (12,863 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 154,100 |  | — |  | — |  | 154,100 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (83,400 | ) | — |  | — |  | (83,400 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (36,462 | ) | — |  | (36,462 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 364 |  | — |  | — |  | 364 |
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Intercompany financing | — |  | (406 | ) | (5,491 | ) | 5,897 |  | — |
Dividends paid | (1,219 | ) | — |  | (3,200 | ) | 3,200 |  | (1,219 | )
Debt issue costs | — |  | (99 | ) | — |  | — |  | (99 | )
Net cash (used in) provided by financing activities | (1,146 | ) | 70,559 |  | (45,153 | ) | 9,097 |  | 33,357 |
Net increase (decrease) in cash and cash equivalents | — |  | 19,898 |  | (6,299 | ) | 7,951 |  | 21,550 |
Cash and cash equivalents balance at beginning of period | — |  | — |  | 18,156 |  | (7,951 | ) | 10,205 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 19,898 |  | $ | 11,857 |  | $ | — |  | $ | 31,755 |
| Three Months Ended March 31, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | — |  | $ | (44,749 | ) | $ | 15,473 |  | $ | — |  | $ | (29,276 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 603 |  | — |  | — |  | 603 |
Purchase of property and equipment | — |  | (97 | ) | (14 | ) | — |  | (111 | )
Intercompany Investing | 1,158 |  | — |  | — |  | (1,158 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (741 | ) | (596 | ) | — |  | (1,337 | )
Net cash provided by (used in) investing activities | 1,158 |  | (235 | ) | (610 | ) | (1,158 | ) | (845 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 130,400 |  | — |  | — |  | 130,400 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (70,400 | ) | — |  | — |  | (70,400 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (13,656 | ) | — |  | (13,656 | )
Principal repayments of notes payable - other and CDD bond obligations | — |  | (642 | ) | — |  | — |  | (642 | )
Proceeds from exercise of stock options | 61 |  | — |  | — |  | — |  | 61 |
Intercompany financing | — |  | (1,679 | ) | 521 |  | 1,158 |  | — |
Dividends paid | (1,219 | ) | — |  | — |  | — |  | (1,219 | )
Net cash (used in) provided by financing activities | (1,158 | ) | 57,679 |  | (13,135 | ) | 1,158 |  | 44,544 |
Net increase in cash and cash equivalents | — |  | 12,695 |  | 1,728 |  | — |  | 14,423 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 16,567 |  | $ | 13,391 |  | $ | — |  | $ | 29,958 |

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