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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2017
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended March 31, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 392,673 |  | $ | 14,307 |  | $ | — |  | $ | 406,980 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 320,281 |  | — |  | — |  | 320,281 |
General and administrative |  | — |  | 22,460 |  | 5,300 |  | — |  | 27,760 |
Selling |  | — |  | 27,283 |  | — |  | — |  | 27,283 |
Equity in income of joint venture arrangements |  | — |  | — |  | (17 | ) | — |  | (17 | )
Interest |  | — |  | 4,670 |  | 668 |  | — |  | 5,338 |
Total costs and expenses |  | — |  | 374,694 |  | 5,951 |  | — |  | 380,645 |
Income before income taxes |  | — |  | 17,979 |  | 8,356 |  | — |  | 26,335 |
Provision for income taxes |  | — |  | 6,489 |  | 2,963 |  | — |  | 9,452 |
Equity in subsidiaries |  | 16,883 |  | — |  | — |  | (16,883 | ) | — |
Net income |  | 16,883 |  | 11,490 |  | 5,393 |  | (16,883 | ) | 16,883 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 15,664 |  | $ | 11,490 |  | $ | 5,393 |  | $ | (16,883 | ) | $ | 15,664 |
|  | 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 joint venture arrangements |  | — |  | — |  | (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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | March 31, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash,cash equivalents and restricted cash |  | $ | — |  | $ | 15,158 |  | $ | 23,740 |  | $ | — |  | $ | 38,898 |
Mortgage loans held for sale |  | — |  | — |  | 113,596 |  | — |  | 113,596 |
Inventory |  | — |  | 1,286,618 |  | — |  | — |  | 1,286,618 |
Property and equipment - net |  | — |  | 21,298 |  | 1,040 |  | — |  | 22,338 |
Investment in joint venture arrangements |  | — |  | 13,339 |  | 10,879 |  | — |  | 24,218 |
Deferred income taxes, net of valuation allowances |  | — |  | 30,342 |  | 107 |  | — |  | 30,449 |
Investment in subsidiaries |  | 682,691 |  | — |  | — |  | (682,691 | ) | — |
Intercompany assets |  | 426,355 |  | — |  | — |  | (426,355 | ) | — |
Other assets |  | 1,456 |  | 44,788 |  | 9,904 |  | — |  | 56,148 |
TOTAL ASSETS |  | $ | 1,110,502 |  | $ | 1,411,543 |  | $ | 159,266 |  | $ | (1,109,046 | ) | $ | 1,572,265 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 94,129 |  | $ | 274 |  | $ | — |  | $ | 94,403 |
Customer deposits |  | — |  | 26,680 |  | — |  | — |  | 26,680 |
Intercompany liabilities |  | — |  | 415,164 |  | 11,191 |  | (426,355 | ) | — |
Other liabilities |  | — |  | 90,563 |  | 7,013 |  | — |  | 97,576 |
Community development district obligations |  | — |  | 6,277 |  | — |  | — |  | 6,277 |
Obligation for consolidated inventory not owned |  | — |  | 11,968 |  | — |  | — |  | 11,968 |
Notes payable bank - homebuilding operations |  | — |  | 110,900 |  | — |  | — |  | 110,900 |
Notes payable bank - financial services operations |  | — |  | — |  | 106,937 |  | — |  | 106,937 |
Notes payable - other |  | — |  | 7,022 |  | — |  | — |  | 7,022 |
Convertible senior subordinated notes due 2017 - net |  | 57,237 |  | — |  | — |  | — |  | 57,237 |
Convertible senior subordinated notes due 2018 - net |  | 85,600 |  | — |  | — |  | — |  | 85,600 |
Senior notes due 2021 - net |  | 295,953 |  | — |  | — |  | — |  | 295,953 |
TOTAL LIABILITIES |  | 438,790 |  | 762,703 |  | 125,415 |  | (426,355 | ) | 900,553 |
SHAREHOLDERS’ EQUITY |  | 671,712 |  | 648,840 |  | 33,851 |  | (682,691 | ) | 671,712 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,110,502 |  | $ | 1,411,543 |  | $ | 159,266 |  | $ | (1,109,046 | ) | $ | 1,572,265 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2016
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash,cash equivalents and restricted cash |  | $ | — |  | $ | 20,927 |  | $ | 13,514 |  | $ | — |  | $ | 34,441 |
Mortgage loans held for sale |  | — |  | — |  | 154,020 |  | — |  | 154,020 |
Inventory |  | — |  | 1,215,934 |  | — |  | — |  | 1,215,934 |
Property and equipment - net |  | — |  | 21,242 |  | 1,057 |  | — |  | 22,299 |
Investment in joint venture arrangements |  | — |  | 12,537 |  | 15,479 |  | — |  | 28,016 |
Deferred income taxes, net of valuation allowances |  | — |  | 30,767 |  | 108 |  | — |  | 30,875 |
Investment in subsidiaries |  | 666,008 |  | — |  | — |  | (666,008 | ) | — |
Intercompany assets |  | 424,669 |  | — |  | — |  | (424,669 | ) | — |
Other assets |  | 1,690 |  | 43,809 |  | 17,427 |  | — |  | 62,926 |
TOTAL ASSETS |  | $ | 1,092,367 |  | $ | 1,345,216 |  | $ | 201,605 |  | $ | (1,090,677 | ) | $ | 1,548,511 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 102,663 |  | $ | 549 |  | $ | — |  | $ | 103,212 |
Customer deposits |  | — |  | 22,156 |  | — |  | — |  | 22,156 |
Intercompany liabilities |  | — |  | 411,196 |  | 13,473 |  | (424,669 | ) | — |
Other liabilities |  | — |  | 117,133 |  | 6,029 |  | — |  | 123,162 |
Community development district obligations |  | — |  | 476 |  | — |  | — |  | 476 |
Obligation for consolidated inventory not owned |  | — |  | 7,528 |  | — |  | — |  | 7,528 |
Notes payable bank - homebuilding operations |  | — |  | 40,300 |  | — |  | — |  | 40,300 |
Notes payable bank - financial services operations |  | — |  | — |  | 152,895 |  | — |  | 152,895 |
Notes payable - other |  | — |  | 6,415 |  | — |  | — |  | 6,415 |
Convertible senior subordinated notes due 2017 - net |  | 57,093 |  | — |  | — |  | — |  | 57,093 |
Convertible senior subordinated notes due 2018 - net |  | 85,423 |  | — |  | — |  | — |  | 85,423 |
Senior notes due 2021 - net |  | 295,677 |  | — |  | — |  | — |  | 295,677 |
TOTAL LIABILITIES |  | 438,193 |  | 707,867 |  | 172,946 |  | (424,669 | ) | 894,337 |
SHAREHOLDERS’ EQUITY |  | 654,174 |  | 637,349 |  | 28,659 |  | (666,008 | ) | 654,174 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,092,367 |  | $ | 1,345,216 |  | $ | 201,605 |  | $ | (1,090,677 | ) | $ | 1,548,511 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2017
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 200 |  | $ | (77,003 | ) | $ | 53,728 |  | $ | (200 | ) | $ | (23,275 | )
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (932 | ) | (61 | ) | — |  | (993 | )
Intercompany investing | 523 |  | — |  | — |  | (523 | ) | — |
Investments in and advances to joint venture arrangements | — |  | (857 | ) | (2,340 | ) | — |  | (3,197 | )
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 7,396 |  | — |  | 7,396 |
Net cash provided by (used in) investing activities | 523 |  | (1,789 | ) | 4,995 |  | (523 | ) | 3,206 |
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 162,000 |  | — |  | — |  | 162,000 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (91,400 | ) | — |  | — |  | (91,400 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (45,958 | ) | — |  | (45,958 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 607 |  | — |  | — |  | 607 |
Proceeds from exercise of stock options | 496 |  | — |  | — |  | — |  | 496 |
Intercompany financing | — |  | 1,816 |  | (2,339 | ) | 523 |  | — |
Dividends paid | (1,219 | ) | — |  | (200 | ) | 200 |  | (1,219 | )
Net cash (used in) provided by financing activities | (723 | ) | 73,023 |  | (48,497 | ) | 723 |  | 24,526 |
Net (decrease) increase in cash, cash equivalents and restricted cash | — |  | (5,769 | ) | 10,226 |  | — |  | 4,457 |
Cash, cash equivalents and restricted cash balance at beginning of period | — |  | 20,927 |  | 13,514 |  | — |  | 34,441 |
Cash, cash equivalents and restricted cash balance at end of period | $ | — |  | $ | 15,158 |  | $ | 23,740 |  | $ | — |  | $ | 38,898 |
| 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 (1) | $ | 3,200 |  | $ | (38,803 | ) | $ | 40,218 |  | $ | (3,200 | ) | $ | 1,415 |
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (10,686 | ) | (20 | ) | — |  | (10,706 | )
Intercompany Investing | (2,054 | ) | — |  | — |  | 2,054 |  | — |
Investments in and advances to joint venture arrangements | — |  | (1,502 | ) | (1,344 | ) | — |  | (2,846 | )
Net cash (used in) provided by investing activities (1) | (2,054 | ) | (12,188 | ) | (1,364 | ) | 2,054 |  | (13,552 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 154,100 |  | — |  | — |  | 154,100 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (83,400 | ) | — |  | — |  | (83,400 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (36,462 | ) | — |  | (36,462 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 364 |  | — |  | — |  | 364 |
Intercompany financing | — |  | (406 | ) | (5,491 | ) | 5,897 |  | — |
Dividends paid | (1,219 | ) | — |  | (3,200 | ) | 3,200 |  | (1,219 | )
Debt issue costs | — |  | (99 | ) | — |  | — |  | (99 | )
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Net cash (used in) provided by financing activities | (1,146 | ) | 70,559 |  | (45,153 | ) | 9,097 |  | 33,357 |
Net increase (decrease) in cash, cash equivalents and restricted cash | — |  | 19,568 |  | (6,299 | ) | 7,951 |  | 21,220 |
Cash, cash equivalents and restricted cash balance at beginning of period | — |  | 2,896 |  | 18,156 |  | (7,951 | ) | 13,101 |
Cash, cash equivalents and restricted cash balance at end of period | $ | — |  | $ | 22,464 |  | $ | 11,857 |  | $ | — |  | $ | 34,321 |
(1) | During the fourth quarter of 2016, we elected to early-adopt Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Certain amounts above have been adjusted to apply the new method retrospectively.

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