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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2016
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended June 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 391,297 |  | $ | 9,950 |  | $ | — |  | $ | 401,247 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 319,708 |  | — |  | — |  | 319,708 |
General and administrative |  | — |  | 22,085 |  | 4,745 |  | — |  | 26,830 |
Selling |  | — |  | 25,533 |  | — |  | — |  | 25,533 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (82 | ) | — |  | (82 | )
Interest |  | — |  | 3,798 |  | 510 |  | — |  | 4,308 |
Total costs and expenses |  | — |  | 371,124 |  | 5,173 |  | — |  | 376,297 |
Income before income taxes |  | — |  | 20,173 |  | 4,777 |  | — |  | 24,950 |
Provision for income taxes |  | — |  | 7,442 |  | 1,592 |  | — |  | 9,034 |
Equity in subsidiaries |  | 15,916 |  | — |  | — |  | (15,916 | ) | — |
Net income |  | 15,916 |  | 12,731 |  | 3,185 |  | (15,916 | ) | 15,916 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 14,697 |  | $ | 12,731 |  | $ | 3,185 |  | $ | (15,916 | ) | $ | 14,697 |
|  | Three Months Ended June 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 313,921 |  | $ | 8,935 |  | $ | — |  | $ | 322,856 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 252,595 |  | — |  | — |  | 252,595 |
General and administrative |  | — |  | 17,868 |  | 3,837 |  | — |  | 21,705 |
Selling |  | — |  | 22,935 |  | — |  | — |  | 22,935 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (14 | ) | — |  | (14 | )
Interest |  | — |  | 3,355 |  | 395 |  | — |  | 3,750 |
Total costs and expenses |  | — |  | 296,753 |  | 4,218 |  | — |  | 300,971 |
Income before income taxes |  | — |  | 17,168 |  | 4,717 |  | — |  | 21,885 |
Provision for income taxes |  | — |  | 6,767 |  | 1,768 |  | — |  | 8,535 |
Equity in subsidiaries |  | 13,350 |  | — |  | — |  | (13,350 | ) | — |
Net income |  | 13,350 |  | 10,401 |  | 2,949 |  | (13,350 | ) | 13,350 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 12,131 |  | $ | 10,401 |  | $ | 2,949 |  | $ | (13,350 | ) | $ | 12,131 |
|  | Six Months Ended June 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 705,614 |  | $ | 20,003 |  | $ | — |  | $ | 725,617 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 579,880 |  | — |  | — |  | 579,880 |
General and administrative |  | — |  | 40,387 |  | 8,702 |  | — |  | 49,089 |
Selling |  | — |  | 47,799 |  | — |  | — |  | 47,799 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (389 | ) | — |  | (389 | )
Interest |  | — |  | 8,679 |  | 894 |  | — |  | 9,573 |
Total costs and expenses |  | — |  | 676,745 |  | 9,207 |  | — |  | 685,952 |
Income before income taxes |  | — |  | 28,869 |  | 10,796 |  | — |  | 39,665 |
Provision for income taxes |  | — |  | 10,886 |  | 3,674 |  | — |  | 14,560 |
Equity in subsidiaries |  | 25,105 |  | — |  | — |  | (25,105 | ) | — |
Net income |  | 25,105 |  | 17,983 |  | 7,122 |  | (25,105 | ) | 25,105 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Net income to common shareholders |  | $ | 22,667 |  | $ | 17,983 |  | $ | 7,122 |  | $ | (25,105 | ) | $ | 22,667 |
|  | Six Months Ended June 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 568,983 |  | $ | 17,032 |  | $ | — |  | $ | 586,015 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 458,778 |  | — |  | — |  | 458,778 |
General and administrative |  | — |  | 34,254 |  | 6,785 |  | — |  | 41,039 |
Selling |  | — |  | 40,621 |  | — |  | — |  | 40,621 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (212 | ) | — |  | (212 | )
Interest |  | — |  | 7,486 |  | 726 |  | — |  | 8,212 |
Total costs and expenses |  | — |  | 541,139 |  | 7,299 |  | — |  | 548,438 |
Income before income taxes |  | — |  | 27,844 |  | 9,733 |  | — |  | 37,577 |
Provision for income taxes |  | — |  | 11,159 |  | 3,500 |  | — |  | 14,659 |
Equity in subsidiaries |  | 22,918 |  | — |  | — |  | (22,918 | ) | — |
Net income |  | 22,918 |  | 16,685 |  | 6,233 |  | (22,918 | ) | 22,918 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Net income to common shareholders |  | $ | 20,480 |  | $ | 16,685 |  | $ | 6,233 |  | $ | (22,918 | ) | $ | 20,480 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 14,743 |  | $ | 12,929 |  | $ | — |  | $ | 27,672 |
Restricted cash |  | — |  | 2,328 |  | — |  | — |  | 2,328 |
Mortgage loans held for sale |  | — |  | — |  | 100,379 |  | — |  | 100,379 |
Inventory |  | — |  | 1,170,325 |  | — |  | — |  | 1,170,325 |
Property and equipment - net |  | — |  | 21,550 |  | 604 |  | — |  | 22,154 |
Investment in unconsolidated joint ventures |  | — |  | 10,384 |  | 17,776 |  | — |  | 28,160 |
Deferred income taxes, net of valuation allowances |  | — |  | 46,949 |  | 74 |  | — |  | 47,023 |
Investment in subsidiaries |  | 641,219 |  | — |  | — |  | (641,219 | ) | — |
Intercompany assets |  | 414,134 |  | — |  | — |  | (414,134 | ) | — |
Other assets |  | 2,159 |  | 41,150 |  | 11,804 |  | — |  | 55,113 |
TOTAL ASSETS |  | $ | 1,057,512 |  | $ | 1,307,429 |  | $ | 143,566 |  | $ | (1,055,353 | ) | $ | 1,453,154 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 105,342 |  | $ | 327 |  | $ | — |  | $ | 105,669 |
Customer deposits |  | — |  | 27,415 |  | — |  | — |  | 27,415 |
Intercompany liabilities |  | — |  | 397,979 |  | 16,155 |  | (414,134 | ) | — |
Other liabilities |  | — |  | 79,468 |  | 5,981 |  | — |  | 85,449 |
Community development district obligations |  | — |  | 722 |  | — |  | — |  | 722 |
Obligation for consolidated inventory not owned |  | — |  | 5,169 |  | — |  | — |  | 5,169 |
Notes payable bank - homebuilding operations |  | — |  | 70,000 |  | — |  | — |  | 70,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 92,666 |  | — |  | 92,666 |
Notes payable - other |  | — |  | 8,552 |  | — |  | — |  | 8,552 |
Convertible senior subordinated notes due 2017 - net |  | 56,806 |  | — |  | — |  | — |  | 56,806 |
Convertible senior subordinated notes due 2018 - net |  | 85,069 |  | — |  | — |  | — |  | 85,069 |
Senior notes due 2021 - net |  | 295,125 |  | — |  | — |  | — |  | 295,125 |
TOTAL LIABILITIES |  | 437,000 |  | 694,647 |  | 115,129 |  | (414,134 | ) | 832,642 |
SHAREHOLDERS’ EQUITY |  | 620,512 |  | 612,782 |  | 28,437 |  | (641,219 | ) | 620,512 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,057,512 |  | $ | 1,307,429 |  | $ | 143,566 |  | $ | (1,055,353 | ) | $ | 1,453,154 |
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
| Six Months Ended June 30, 2016
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 4,938 |  | $ | 2,056 |  | $ | 38,416 |  | $ | (4,938 | ) | $ | 40,472 |
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 1,035 |  | — |  | — |  | 1,035 |
Purchase of property and equipment | — |  | (10,996 | ) | (33 | ) | — |  | (11,029 | )
Intercompany investing | (2,573 | ) | — |  | — |  | 2,573 |  | — |
Investments in and advances to unconsolidated joint ventures | — |  | (3,525 | ) | (2,257 | ) | — |  | (5,782 | )
Net cash (used in) provided by investing activities | (2,573 | ) | (13,486 | ) | (2,290 | ) | 2,573 |  | (15,776 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 192,200 |  | — |  | — |  | 192,200 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (166,000 | ) | — |  | — |  | (166,000 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (30,982 | ) | — |  | (30,982 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 111 |  | — |  | — |  | 111 |
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Intercompany financing | — |  | 15 |  | (5,393 | ) | 5,378 |  | — |
Dividends paid | (2,438 | ) | — |  | (4,938 | ) | 4,938 |  | (2,438 | )
Debt issue costs | — |  | (153 | ) | (40 | ) | — |  | (193 | )
Net cash (used in) provided by financing activities | (2,365 | ) | 26,173 |  | (41,353 | ) | 10,316 |  | (7,229 | )
Net increase (decrease) in cash and cash equivalents | — |  | 14,743 |  | (5,227 | ) | 7,951 |  | 17,467 |
Cash and cash equivalents balance at beginning of period | — |  | — |  | 18,156 |  | (7,951 | ) | 10,205 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 14,743 |  | $ | 12,929 |  | $ | — |  | $ | 27,672 |
| Six Months Ended June 30, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 2,000 |  | $ | (65,777 | ) | $ | 19,567 |  | $ | (2,000 | ) | $ | (46,210 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 1,583 |  | — |  | — |  | 1,583 |
Purchase of property and equipment | — |  | (1,337 | ) | (64 | ) | — |  | (1,401 | )
Intercompany Investing | 98 |  | — |  | — |  | (98 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (2,555 | ) | (1,655 | ) | — |  | (4,210 | )
Net cash provided by (used in) investing activities | 98 |  | (2,309 | ) | (1,719 | ) | (98 | ) | (4,028 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 220,700 |  | — |  | — |  | 220,700 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (145,100 | ) | — |  | — |  | (145,100 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (15,698 | ) | — |  | (15,698 | )
Principal repayments of notes payable - other and CDD bond obligations | — |  | (1,288 | ) | — |  | — |  | (1,288 | )
Proceeds from exercise of stock options | 340 |  | — |  | — |  | — |  | 340 |
Intercompany financing | — |  | (888 | ) | 790 |  | 98 |  | — |
Dividends paid | (2,438 | ) | — |  | (2,000 | ) | 2,000 |  | (2,438 | )
Debt issue costs | — |  | — |  | (40 | ) | — |  | (40 | )
Net cash (used in) provided by financing activities | (2,098 | ) | 73,424 |  | (16,948 | ) | 2,098 |  | 56,476 |
Net increase in cash and cash equivalents | — |  | 5,338 |  | 900 |  | — |  | 6,238 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 9,210 |  | $ | 12,563 |  | $ | — |  | $ | 21,773 |

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