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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2016
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended September 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 431,903 |  | $ | 10,561 |  | $ | — |  | $ | 442,464 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 363,635 |  | — |  | — |  | 363,635 |
General and administrative |  | — |  | 24,340 |  | 4,820 |  | — |  | 29,160 |
Selling |  | — |  | 27,663 |  | — |  | — |  | 27,663 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (24 | ) | — |  | (24 | )
Interest |  | — |  | 3,036 |  | 551 |  | — |  | 3,587 |
Total costs and expenses |  | — |  | 418,674 |  | 5,347 |  | — |  | 424,021 |
Income before income taxes |  | — |  | 13,229 |  | 5,214 |  | — |  | 18,443 |
Provision for income taxes |  | — |  | 5,601 |  | 1,900 |  | — |  | 7,501 |
Equity in subsidiaries |  | 10,942 |  | — |  | — |  | (10,942 | ) | — |
Net income |  | 10,942 |  | 7,628 |  | 3,314 |  | (10,942 | ) | 10,942 |
Preferred dividends |  | 1,218 |  | — |  | — |  | — |  | 1,218 |
Net income to common shareholders |  | $ | 9,724 |  | $ | 7,628 |  | $ | 3,314 |  | $ | (10,942 | ) | $ | 9,724 |
|  | Three Months Ended September 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 354,181 |  | $ | 9,276 |  | $ | — |  | $ | 363,457 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 285,416 |  | — |  | — |  | 285,416 |
General and administrative |  | — |  | 19,080 |  | 4,571 |  | — |  | 23,651 |
Selling |  | — |  | 24,270 |  | — |  | — |  | 24,270 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (36 | ) | — |  | (36 | )
Interest |  | — |  | 3,246 |  | 412 |  | — |  | 3,658 |
Total costs and expenses |  | — |  | 332,012 |  | 4,947 |  | — |  | 336,959 |
Income before income taxes |  | — |  | 22,169 |  | 4,329 |  | — |  | 26,498 |
Provision for income taxes |  | — |  | 9,531 |  | 1,397 |  | — |  | 10,928 |
Equity in subsidiaries |  | 15,570 |  | — |  | — |  | (15,570 | ) | — |
Net income |  | 15,570 |  | 12,638 |  | 2,932 |  | (15,570 | ) | 15,570 |
Preferred dividends |  | 1,218 |  | — |  | — |  | — |  | 1,218 |
Net income to common shareholders |  | $ | 14,352 |  | $ | 12,638 |  | $ | 2,932 |  | $ | (15,570 | ) | $ | 14,352 |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Nine Months Ended September 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,137,517 |  | $ | 30,564 |  | $ | — |  | $ | 1,168,081 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 943,515 |  | — |  | — |  | 943,515 |
General and administrative |  | — |  | 64,727 |  | 13,522 |  | — |  | 78,249 |
Selling |  | — |  | 75,462 |  | — |  | — |  | 75,462 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (413 | ) | — |  | (413 | )
Interest |  | — |  | 11,715 |  | 1,445 |  | — |  | 13,160 |
Total costs and expenses |  | — |  | 1,095,419 |  | 14,554 |  | — |  | 1,109,973 |
Income before income taxes |  | — |  | 42,098 |  | 16,010 |  | — |  | 58,108 |
Provision for income taxes |  | — |  | 16,487 |  | 5,574 |  | — |  | 22,061 |
Equity in subsidiaries |  | 36,047 |  | — |  | — |  | (36,047 | ) | — |
Net income |  | 36,047 |  | 25,611 |  | 10,436 |  | (36,047 | ) | 36,047 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Net income to common shareholders |  | $ | 32,391 |  | $ | 25,611 |  | $ | 10,436 |  | $ | (36,047 | ) | $ | 32,391 |
|  | Nine Months Ended September 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 923,164 |  | $ | 26,308 |  | $ | — |  | $ | 949,472 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 744,194 |  | — |  | — |  | 744,194 |
General and administrative |  | — |  | 53,334 |  | 11,356 |  | — |  | 64,690 |
Selling |  | — |  | 64,891 |  | — |  | — |  | 64,891 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (248 | ) | — |  | (248 | )
Interest |  | — |  | 10,732 |  | 1,138 |  | — |  | 11,870 |
Total costs and expenses |  | — |  | 873,151 |  | 12,246 |  | — |  | 885,397 |
Income before income taxes |  | — |  | 50,013 |  | 14,062 |  | — |  | 64,075 |
Provision for income taxes |  | — |  | 20,690 |  | 4,897 |  | — |  | 25,587 |
Equity in subsidiaries |  | 38,488 |  | — |  | — |  | (38,488 | ) | — |
Net income |  | 38,488 |  | 29,323 |  | 9,165 |  | (38,488 | ) | 38,488 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Net income to common shareholders |  | $ | 34,832 |  | $ | 29,323 |  | $ | 9,165 |  | $ | (38,488 | ) | $ | 34,832 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 7,161 |  | $ | 15,149 |  | $ | — |  | $ | 22,310 |
Restricted cash |  | — |  | 998 |  | — |  | — |  | 998 |
Mortgage loans held for sale |  | — |  | — |  | 95,545 |  | — |  | 95,545 |
Inventory |  | — |  | 1,225,153 |  | — |  | — |  | 1,225,153 |
Property and equipment - net |  | — |  | 21,221 |  | 571 |  | — |  | 21,792 |
Investment in unconsolidated joint ventures |  | — |  | 6,017 |  | 20,511 |  | — |  | 26,528 |
Deferred income taxes, net of valuation allowances |  | — |  | 39,944 |  | — |  | — |  | 39,944 |
Investment in subsidiaries |  | 649,961 |  | — |  | — |  | (649,961 | ) | — |
Intercompany assets |  | 417,303 |  | — |  | — |  | (417,303 | ) | — |
Other assets |  | 1,924 |  | 50,391 |  | 12,652 |  | — |  | 64,967 |
TOTAL ASSETS |  | $ | 1,069,188 |  | $ | 1,350,885 |  | $ | 144,428 |  | $ | (1,067,264 | ) | $ | 1,497,237 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 109,808 |  | $ | 371 |  | $ | — |  | $ | 110,179 |
Customer deposits |  | — |  | 26,439 |  | — |  | — |  | 26,439 |
Intercompany liabilities |  | — |  | 399,251 |  | 18,052 |  | (417,303 | ) | — |
Other liabilities |  | — |  | 94,998 |  | 4,971 |  | — |  | 99,969 |
Community development district obligations |  | — |  | 551 |  | — |  | — |  | 551 |
Obligation for consolidated inventory not owned |  | — |  | 5,862 |  | — |  | — |  | 5,862 |
Notes payable bank - homebuilding operations |  | — |  | 85,000 |  | — |  | — |  | 85,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 91,483 |  | — |  | 91,483 |
Notes payable - other |  | — |  | 8,566 |  | — |  | — |  | 8,566 |
Convertible senior subordinated notes due 2017 - net |  | 56,949 |  | — |  | — |  | — |  | 56,949 |
Convertible senior subordinated notes due 2018 - net |  | 85,246 |  | — |  | — |  | — |  | 85,246 |
Senior notes due 2021 - net |  | 295,401 |  | — |  | — |  | — |  | 295,401 |
TOTAL LIABILITIES |  | 437,596 |  | 730,475 |  | 114,877 |  | (417,303 | ) | 865,645 |
SHAREHOLDERS’ EQUITY |  | 631,592 |  | 620,410 |  | 29,551 |  | (649,961 | ) | 631,592 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,069,188 |  | $ | 1,350,885 |  | $ | 144,428 |  | $ | (1,067,264 | ) | $ | 1,497,237 |
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
| Nine Months Ended September 30, 2016
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 7,138 |  | $ | (18,192 | ) | $ | 44,712 |  | $ | (7,138 | ) | $ | 26,520 |
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 1,880 |  | — |  | — |  | 1,880 |
Purchase of property and equipment | — |  | (11,565 | ) | (54 | ) | — |  | (11,619 | )
Intercompany investing | (3,555 | ) | — |  | — |  | 3,555 |  | — |
Investments in and advances to unconsolidated joint ventures | — |  | (5,504 | ) | (4,556 | ) | — |  | (10,060 | )
Net cash (used in) provided by investing activities | (3,555 | ) | (15,189 | ) | (4,610 | ) | 3,555 |  | (19,799 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 276,800 |  | — |  | — |  | 276,800 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (235,600 | ) | — |  | — |  | (235,600 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (32,165 | ) | — |  | (32,165 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 125 |  | — |  | — |  | 125 |
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Intercompany financing | — |  | (630 | ) | (3,766 | ) | 4,396 |  | — |
Dividends paid | (3,656 | ) | — |  | (7,138 | ) | 7,138 |  | (3,656 | )
Debt issue costs | — |  | (153 | ) | (40 | ) | — |  | (193 | )
Net cash (used in) provided by financing activities | (3,583 | ) | 40,542 |  | (43,109 | ) | 11,534 |  | 5,384 |
Net increase (decrease) in cash and cash equivalents | — |  | 7,161 |  | (3,007 | ) | 7,951 |  | 12,105 |
Cash and cash equivalents balance at beginning of period | — |  | — |  | 18,156 |  | (7,951 | ) | 10,205 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 7,161 |  | $ | 15,149 |  | $ | — |  | $ | 22,310 |
| Nine Months Ended September 30, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 2,428 |  | $ | (114,357 | ) | $ | 19,161 |  | $ | (2,428 | ) | $ | (95,196 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 3,615 |  | — |  | — |  | 3,615 |
Purchase of property and equipment | — |  | (1,939 | ) | (64 | ) | — |  | (2,003 | )
Intercompany Investing | 193 |  | — |  | — |  | (193 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (2,728 | ) | (7,997 | ) | — |  | (10,725 | )
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 3,065 |  | — |  | 3,065 |
Net cash provided by (used in) investing activities | 193 |  | (1,052 | ) | (4,996 | ) | (193 | ) | (6,048 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 329,400 |  | — |  | — |  | 329,400 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (203,300 | ) | — |  | — |  | (203,300 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (12,140 | ) | — |  | (12,140 | )
Principal repayments of notes payable - other and CDD bond obligations | — |  | (155 | ) | — |  | — |  | (155 | )
Proceeds from exercise of stock options | 1,035 |  | — |  | — |  | — |  | 1,035 |
Intercompany financing | — |  | (6,158 | ) | 5,965 |  | 193 |  | — |
Dividends paid | (3,656 | ) | — |  | (2,428 | ) | 2,428 |  | (3,656 | )
Debt issue costs | — |  | (380 | ) | (40 | ) | — |  | (420 | )
Net cash (used in) provided by financing activities | (2,621 | ) | 119,407 |  | (8,643 | ) | 2,621 |  | 110,764 |
Net increase in cash and cash equivalents | — |  | 3,998 |  | 5,522 |  | — |  | 9,520 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 7,870 |  | $ | 17,185 |  | $ | — |  | $ | 25,055 |

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