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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 464,660 |  | $ | 11,763 |  | $ | — |  | $ | 476,423 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 374,673 |  | — |  | — |  | 374,673 |
General and administrative |  | — |  | 25,263 |  | 6,074 |  | — |  | 31,337 |
Selling |  | — |  | 31,136 |  | — |  | — |  | 31,136 |
Equity in income of joint venture arrangements |  | — |  | — |  | (71 | ) | — |  | (71 | )
Interest |  | — |  | 4,019 |  | 656 |  | — |  | 4,675 |
Total costs and expenses |  | — |  | 435,091 |  | 6,659 |  | — |  | 441,750 |
Income before income taxes |  | — |  | 29,569 |  | 5,104 |  | — |  | 34,673 |
Provision for income taxes |  | — |  | 10,672 |  | 1,674 |  | — |  | 12,346 |
Equity in subsidiaries |  | 22,327 |  | — |  | — |  | (22,327 | ) | — |
Net income |  | 22,327 |  | 18,897 |  | 3,430 |  | (22,327 | ) | 22,327 |
Preferred dividends |  | 1,218 |  | — |  | — |  | — |  | 1,218 |
Excess of fair value over book value of preferred shares subject to redemption |  | 2,257 |  | — |  | — |  | — |  | 2,257 |
Net income to common shareholders |  | $ | 18,852 |  | $ | 18,897 |  | $ | 3,430 |  | $ | (22,327 | ) | $ | 18,852 |
|  | 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 joint venture arrangements |  | — |  | — |  | (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 |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Nine Months Ended September 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,302,331 |  | $ | 37,938 |  | $ | — |  | $ | 1,340,269 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 1,062,552 |  | — |  | — |  | 1,062,552 |
General and administrative |  | — |  | 72,638 |  | 16,571 |  | — |  | 89,209 |
Selling |  | — |  | 88,666 |  | — |  | — |  | 88,666 |
Equity in income of joint venture arrangements |  | — |  | — |  | (198 | ) | — |  | (198 | )
Interest |  | — |  | 11,858 |  | 1,989 |  | — |  | 13,847 |
Total costs and expenses |  | — |  | 1,235,714 |  | 18,362 |  | — |  | 1,254,076 |
Income before income taxes |  | — |  | 66,617 |  | 19,576 |  | — |  | 86,193 |
Provision for income taxes |  | — |  | 23,407 |  | 6,587 |  | — |  | 29,994 |
Equity in subsidiaries |  | 56,199 |  | — |  | — |  | (56,199 | ) | — |
Net income |  | 56,199 |  | 43,210 |  | 12,989 |  | (56,199 | ) | 56,199 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Excess of fair value over book value of preferred shares subject to redemption |  | 2,257 |  | — |  | — |  | — |  | 2,257 |
Net income to common shareholders |  | $ | 50,286 |  | $ | 43,210 |  | $ | 12,989 |  | $ | (56,199 | ) | $ | 50,286 |
|  | 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 joint venture arrangements |  | — |  | — |  | (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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 82,504 |  | $ | 21,132 |  | $ | — |  | $ | 103,636 |
Mortgage loans held for sale |  | — |  | — |  | 91,987 |  | — |  | 91,987 |
Inventory |  | — |  | 1,455,809 |  | — |  | — |  | 1,455,809 |
Property and equipment - net |  | — |  | 24,325 |  | 995 |  | — |  | 25,320 |
Investment in joint venture arrangements |  | — |  | 15,764 |  | 7,217 |  | — |  | 22,981 |
Deferred income taxes, net of valuation allowances |  | — |  | 29,461 |  | 108 |  | — |  | 29,569 |
Investment in subsidiaries |  | 710,176 |  | — |  | — |  | (710,176 | ) | — |
Intercompany assets |  | 688,260 |  | — |  | — |  | (688,260 | ) | — |
Other assets |  | 3,375 |  | 42,473 |  | 9,545 |  | — |  | 55,393 |
TOTAL ASSETS |  | $ | 1,401,811 |  | $ | 1,650,336 |  | $ | 130,984 |  | $ | (1,398,436 | ) | $ | 1,784,695 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 120,049 |  | $ | 549 |  | $ | — |  | $ | 120,598 |
Customer deposits |  | — |  | 30,583 |  | — |  | — |  | 30,583 |
Intercompany liabilities |  | — |  | 683,308 |  | 4,952 |  | (688,260 | ) | — |
Other liabilities |  | — |  | 104,279 |  | 4,591 |  | — |  | 108,870 |
Preferred shares subject to redemption |  | 50,420 |  | — |  | — |  | — |  | 50,420 |
Community development district obligations |  | — |  | 5,298 |  | — |  | — |  | 5,298 |
Obligation for consolidated inventory not owned |  | — |  | 22,203 |  | — |  | — |  | 22,203 |
Notes payable bank - financial services operations |  | — |  | — |  | 91,275 |  | — |  | 91,275 |
Notes payable - other |  | — |  | 4,057 |  | — |  | — |  | 4,057 |
Convertible senior subordinated notes due 2018 - net |  | 85,955 |  | — |  | — |  | — |  | 85,955 |
Senior notes due 2021 - net |  | 296,505 |  | — |  | — |  | — |  | 296,505 |
Senior notes due 2025 - net |  | 245,958 |  | — |  | — |  | — |  | 245,958 |
TOTAL LIABILITIES |  | 678,838 |  | 969,777 |  | 101,367 |  | (688,260 | ) | 1,061,722 |
SHAREHOLDERS’ EQUITY |  | 722,973 |  | 680,559 |  | 29,617 |  | (710,176 | ) | 722,973 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,401,811 |  | $ | 1,650,336 |  | $ | 130,984 |  | $ | (1,398,436 | ) | $ | 1,784,695 |
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
| Nine Months Ended September 30, 2017
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 12,031 |  | $ | (152,148 | ) | $ | 86,123 |  | $ | (12,031 | ) | $ | (66,025 | )
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (5,848 | ) | (169 | ) | — |  | (6,017 | )
Intercompany investing | (13,166 | ) | — |  | — |  | 13,166 |  | — |
Investments in and advances to joint venture arrangements | — |  | (3,401 | ) | (5,038 | ) | — |  | (8,439 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 1,833 |  | — |  | 1,833 |
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 7,558 |  | — |  | 7,558 |
Net cash (used in) provided by investing activities | (13,166 | ) | (9,249 | ) | 4,184 |  | 13,166 |  | (5,065 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from issuance of senior notes | — |  | 250,000 |  | — |  | — |  | 250,000 |
Proceeds from bank borrowings - homebuilding operations | — |  | 366,500 |  | — |  | — |  | 366,500 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (406,800 | ) | — |  | — |  | (406,800 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (61,620 | ) | — |  | (61,620 | )
(Principal repayment of) proceeds from notes payable - other and CDD bond obligations | — |  | (2,358 | ) | — |  | — |  | (2,358 | )
Proceeds from exercise of stock options | 4,791 |  | — |  | — |  | — |  | 4,791 |
Intercompany financing | — |  | 22,141 |  | (8,975 | ) | (13,166 | ) | — |
Dividends paid | (3,656 | ) | — |  | (12,031 | ) | 12,031 |  | (3,656 | )
Debt issue costs | — |  | (6,509 | ) | (63 | ) | — |  | (6,572 | )
Net cash provided by (used in) financing activities | 1,135 |  | 222,974 |  | (82,689 | ) | (1,135 | ) | 140,285 |
Net increase in cash, cash equivalents and restricted cash | — |  | 61,577 |  | 7,618 |  | — |  | 69,195 |
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 | $ | — |  | $ | 82,504 |  | $ | 21,132 |  | $ | — |  | $ | 103,636 |
| 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 (1) | $ | 7,138 |  | $ | (18,210 | ) | $ | 44,712 |  | $ | (7,138 | ) | $ | 26,502 |
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (11,565 | ) | (54 | ) | — |  | (11,619 | )
Intercompany Investing | (3,555 | ) | — |  | — |  | 3,555 |  | — |
Investments in and advances to joint venture arrangements | — |  | (5,504 | ) | (4,556 | ) | — |  | (10,060 | )
Net cash (used in) provided by investing activities (1) | (3,555 | ) | (17,069 | ) | (4,610 | ) | 3,555 |  | (21,679 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 276,800 |  | — |  | — |  | 276,800 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (235,600 | ) | — |  | — |  | (235,600 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (32,165 | ) | — |  | (32,165 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | 125 |  | — |  | — |  | 125 |
Intercompany financing | — |  | (630 | ) | (3,766 | ) | 4,396 |  | — |
Dividends paid | (3,656 | ) | — |  | (7,138 | ) | 7,138 |  | (3,656 | )
Debt issue costs | — |  | (153 | ) | (40 | ) | — |  | (193 | )
Proceeds from exercise of stock options | 73 |  | — |  | — |  | — |  | 73 |
Net cash (used in) provided by financing activities | (3,583 | ) | 40,542 |  | (43,109 | ) | 11,534 |  | 5,384 |
Net increase (decrease) in cash, cash equivalents and restricted cash | — |  | 5,263 |  | (3,007 | ) | 7,951 |  | 10,207 |
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 | $ | — |  | $ | 8,159 |  | $ | 15,149 |  | $ | — |  | $ | 23,308 |
(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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