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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended June 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 444,998 |  | $ | 11,868 |  | $ | — |  | $ | 456,866 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 367,598 |  | — |  | — |  | 367,598 |
General and administrative |  | — |  | 24,915 |  | 5,197 |  | — |  | 30,112 |
Selling |  | — |  | 30,247 |  | — |  | — |  | 30,247 |
Equity in income of joint venture arrangements |  | — |  | — |  | (110 | ) | — |  | (110 | )
Interest |  | — |  | 3,169 |  | 665 |  | — |  | 3,834 |
Total costs and expenses |  | — |  | 425,929 |  | 5,752 |  | — |  | 431,681 |
Income before income taxes |  | — |  | 19,069 |  | 6,116 |  | — |  | 25,185 |
Provision for income taxes |  | — |  | 6,246 |  | 1,950 |  | — |  | 8,196 |
Equity in subsidiaries |  | 16,989 |  | — |  | — |  | (16,989 | ) | — |
Net income |  | 16,989 |  | 12,823 |  | 4,166 |  | (16,989 | ) | 16,989 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 15,770 |  | $ | 12,823 |  | $ | 4,166 |  | $ | (16,989 | ) | $ | 15,770 |
|  | 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 joint venture arrangements |  | — |  | — |  | (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 |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Six Months Ended June 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 837,671 |  | $ | 26,175 |  | $ | — |  | $ | 863,846 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 687,879 |  | — |  | — |  | 687,879 |
General and administrative |  | — |  | 47,375 |  | 10,497 |  |  | 57,872 |
Selling |  | — |  | 57,530 |  | — |  | — |  | 57,530 |
Equity in income of joint venture arrangements |  | — |  | — |  | (127 | ) | — |  | (127 | )
Interest |  | — |  | 7,839 |  | 1,333 |  | — |  | 9,172 |
Total costs and expenses |  | — |  | 800,623 |  | 11,703 |  | — |  | 812,326 |
Income before income taxes |  | — |  | 37,048 |  | 14,472 |  | — |  | 51,520 |
Provision for income taxes |  | — |  | 12,735 |  | 4,913 |  | — |  | 17,648 |
Equity in subsidiaries |  | 33,872 |  | — |  | — |  | (33,872 | ) | — |
Net income |  | 33,872 |  | 24,313 |  | 9,559 |  | (33,872 | ) | 33,872 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Net income to common shareholders |  | $ | 31,434 |  | $ | 24,313 |  | $ | 9,559 |  | $ | (33,872 | ) | $ | 31,434 |
|  | 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 joint venture arrangements |  | — |  | — |  | (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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 6,095 |  | $ | 23,845 |  | $ | — |  | $ | 29,940 |
Mortgage loans held for sale |  | — |  | — |  | 91,986 |  | — |  | 91,986 |
Inventory |  | — |  | 1,379,544 |  | — |  | — |  | 1,379,544 |
Property and equipment - net |  | — |  | 21,264 |  | 991 |  | — |  | 22,255 |
Investment in joint venture arrangements |  | — |  | 14,627 |  | 8,250 |  | — |  | 22,877 |
Deferred income taxes, net of valuation allowances |  | — |  | 29,971 |  | 107 |  | — |  | 30,078 |
Investment in subsidiaries |  | 694,380 |  | — |  | — |  | (694,380 | ) | — |
Intercompany assets |  | 437,100 |  | — |  | — |  | (437,100 | ) | — |
Other assets |  | 1,223 |  | 44,030 |  | 9,453 |  | — |  | 54,706 |
TOTAL ASSETS |  | $ | 1,132,703 |  | $ | 1,495,531 |  | $ | 134,632 |  | $ | (1,131,480 | ) | $ | 1,631,386 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 112,702 |  | $ | 370 |  | $ | — |  | $ | 113,072 |
Customer deposits |  | — |  | 29,655 |  | — |  | — |  | 29,655 |
Intercompany liabilities |  | — |  | 430,472 |  | 6,628 |  | (437,100 | ) | — |
Other liabilities |  | — |  | 101,238 |  | 5,399 |  | — |  | 106,637 |
Community development district obligations |  | — |  | 5,875 |  | — |  | — |  | 5,875 |
Obligation for consolidated inventory not owned |  | — |  | 12,263 |  | — |  | — |  | 12,263 |
Notes payable bank - homebuilding operations |  | — |  | 138,000 |  | — |  | — |  | 138,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 89,518 |  | — |  | 89,518 |
Notes payable - other |  | — |  | 3,663 |  | — |  | — |  | 3,663 |
Convertible senior subordinated notes due 2017 - net |  | 57,380 |  | — |  | — |  | — |  | 57,380 |
Convertible senior subordinated notes due 2018 - net |  | 85,777 |  | — |  | — |  | — |  | 85,777 |
Senior notes due 2021 - net |  | 296,229 |  | — |  | — |  | — |  | 296,229 |
TOTAL LIABILITIES |  | 439,386 |  | 833,868 |  | 101,915 |  | (437,100 | ) | 938,069 |
SHAREHOLDERS’ EQUITY |  | 693,317 |  | 661,663 |  | 32,717 |  | (694,380 | ) | 693,317 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,132,703 |  | $ | 1,495,531 |  | $ | 134,632 |  | $ | (1,131,480 | ) | $ | 1,631,386 |
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
| Six Months Ended June 30, 2017
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 5,500 |  | $ | (120,894 | ) | $ | 81,574 |  | $ | (5,500 | ) | $ | (39,320 | )
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (1,785 | ) | (87 | ) | — |  | (1,872 | )
Intercompany investing | (7,854 | ) | — |  | — |  | 7,854 |  | — |
Investments in and advances to joint venture arrangements | — |  | (2,128 | ) | (3,679 | ) | — |  | (5,807 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 1,078 |  | — |  | 1,078 |
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 7,558 |  | — |  | 7,558 |
Net cash (used in) provided by investing activities | (7,854 | ) | (3,913 | ) | 4,870 |  | 7,854 |  | 957 |
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 289,400 |  | — |  | — |  | 289,400 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (191,700 | ) | — |  | — |  | (191,700 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (63,377 | ) | — |  | (63,377 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | (2,752 | ) | — |  | — |  | (2,752 | )
Proceeds from exercise of stock options | 4,792 |  | — |  | — |  | — |  | 4,792 |
Intercompany financing | — |  | 15,027 |  | (7,173 | ) | (7,854 | ) | — |
Dividends paid | (2,438 | ) | — |  | (5,500 | ) | 5,500 |  | (2,438 | )
Debt issue costs | — |  | — |  | (63 | ) | — |  | (63 | )
Net cash provided by (used in) financing activities | 2,354 |  | 109,975 |  | (76,113 | ) | (2,354 | ) | 33,862 |
Net (decrease) increase in cash, cash equivalents and restricted cash | — |  | (14,832 | ) | 10,331 |  | — |  | (4,501 | )
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 | $ | — |  | $ | 6,095 |  | $ | 23,845 |  | $ | — |  | $ | 29,940 |
| 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 (1) | $ | 4,938 |  | $ | 2,523 |  | $ | 38,416 |  | $ | (4,938 | ) | $ | 40,939 |
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (10,996 | ) | (33 | ) | — |  | (11,029 | )
Intercompany Investing | (2,573 | ) | — |  | — |  | 2,573 |  | — |
Investments in and advances to joint venture arrangements | — |  | (3,525 | ) | (2,257 | ) | — |  | (5,782 | )
Net cash (used in) provided by investing activities (1) | (2,573 | ) | (14,521 | ) | (2,290 | ) | 2,573 |  | (16,811 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 192,200 |  | — |  | — |  | 192,200 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (166,000 | ) | — |  | — |  | (166,000 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (30,982 | ) | — |  | (30,982 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 111 |  | — |  | — |  | 111 |
Intercompany financing | — |  | 15 |  | (5,393 | ) | 5,378 |  | — |
Dividends paid | (2,438 | ) | — |  | (4,938 | ) | 4,938 |  | (2,438 | )
Debt issue costs | — |  | (153 | ) | (40 | ) | — |  | (193 | )
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Net cash (used in) provided by financing activities | (2,365 | ) | 26,173 |  | (41,353 | ) | 10,316 |  | (7,229 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | — |  | 14,175 |  | (5,227 | ) | 7,951 |  | 16,899 |
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 | $ | — |  | $ | 17,071 |  | $ | 12,929 |  | $ | — |  | $ | 30,000 |
(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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