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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2018
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, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 546,222 |  | $ | 11,876 |  | $ | — |  | $ | 558,098 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 449,336 |  | — |  | — |  | 449,336 |
General and administrative |  | — |  | 28,570 |  | 6,096 |  | — |  | 34,666 |
Selling |  | — |  | 35,591 |  | — |  | — |  | 35,591 |
Equity in loss from joint venture arrangements |  | — |  | — |  | 86 |  | — |  | 86 |
Interest |  | — |  | 4,193 |  | 695 |  | — |  | 4,888 |
Total costs and expenses |  | — |  | 517,690 |  | 6,877 |  | — |  | 524,567 |
Income before income taxes |  | — |  | 28,532 |  | 4,999 |  | — |  | 33,531 |
Provision for income taxes |  | — |  | 4,552 |  | 1,068 |  | — |  | 5,620 |
Equity in subsidiaries |  | 27,911 |  | — |  | — |  | (27,911 | ) | — |
Net income |  | $ | 27,911 |  | $ | 23,980 |  | $ | 3,931 |  | $ | (27,911 | ) | $ | 27,911 |
|  | 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 from 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 available to common shareholders |  | $ | 15,770 |  | $ | 12,823 |  | $ | 4,166 |  | $ | (16,989 | ) | $ | 15,770 |
|  | Six Months Ended June 30, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 969,053 |  | $ | 26,902 |  | $ | — |  | $ | 995,955 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 798,038 |  | — |  | — |  | 798,038 |
General and administrative |  | — |  | 50,741 |  | 11,876 |  | — |  | 62,617 |
Selling |  | — |  | 65,654 |  | — |  | — |  | 65,654 |
Acquisition and integration costs |  | — |  | 1,700 |  | — |  | — |  | 1,700 |
Equity in income from joint venture arrangements |  | — |  | — |  | (224 | ) | — |  | (224 | )
Interest |  | — |  | 9,301 |  | 1,465 |  | — |  | 10,766 |
Total costs and expenses |  | — |  | 925,434 |  | 13,117 |  | — |  | 938,551 |
Income before income taxes |  | — |  | 43,619 |  | 13,785 |  | — |  | 57,404 |
Provision for income taxes |  | — |  | 8,458 |  | 2,972 |  | — |  | 11,430 |
Equity in subsidiaries |  | 45,974 |  | — |  | — |  | (45,974 | ) | — |
Net income |  | $ | 45,974 |  | $ | 35,161 |  | $ | 10,813 |  | $ | (45,974 | ) | $ | 45,974 |
|  | 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 from 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 available to common shareholders |  | $ | 31,434 |  | $ | 24,313 |  | $ | 9,559 |  | $ | (33,872 | ) | $ | 31,434 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 50,673 |  | $ | 17,144 |  | $ | — |  | $ | 67,817 |
Mortgage loans held for sale |  | — |  | — |  | 108,000 |  | — |  | 108,000 |
Inventory |  | — |  | 1,652,468 |  | — |  | — |  | 1,652,468 |
Property and equipment - net |  | — |  | 27,879 |  | 1,006 |  | — |  | 28,885 |
Investment in joint venture arrangements |  | — |  | 11,541 |  | 2,212 |  | — |  | 13,753 |
Deferred income tax asset |  | — |  | 17,528 |  | — |  | — |  | 17,528 |
Investment in subsidiaries |  | 762,731 |  | — |  | — |  | (762,731 | ) | — |
Intercompany assets |  | 594,094 |  | — |  | — |  | (594,094 | ) | — |
Goodwill |  | — |  | 16,400 |  | — |  | — |  | 16,400 |
Other assets |  | 2,784 |  | 53,935 |  | 8,970 |  | — |  | 65,689 |
TOTAL ASSETS |  | $ | 1,359,609 |  | $ | 1,830,424 |  | $ | 137,332 |  | $ | (1,356,825 | ) | $ | 1,970,540 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 140,663 |  | $ | 828 |  | $ | — |  | $ | 141,491 |
Customer deposits |  | — |  | 41,510 |  | — |  | — |  | 41,510 |
Intercompany liabilities |  | — |  | 590,943 |  | 3,151 |  | (594,094 | ) | — |
Other liabilities |  | — |  | 111,585 |  | 5,437 |  | — |  | 117,022 |
Community development district obligations |  | — |  | 11,789 |  | — |  | — |  | 11,789 |
Obligation for consolidated inventory not owned |  | — |  | 14,794 |  | — |  | — |  | 14,794 |
Notes payable bank - homebuilding operations |  | — |  | 181,800 |  | — |  | — |  | 181,800 |
Notes payable bank - financial services operations |  | — |  | — |  | 93,163 |  | — |  | 93,163 |
Notes payable - other |  | — |  | 9,362 |  | — |  | — |  | 9,362 |
Senior notes due 2021 - net |  | 297,332 |  | — |  | — |  | — |  | 297,332 |
Senior notes due 2025 - net |  | 246,311 |  | — |  | — |  | — |  | 246,311 |
TOTAL LIABILITIES |  | 543,643 |  | 1,102,446 |  | 102,579 |  | (594,094 | ) | 1,154,574 |
SHAREHOLDERS’ EQUITY |  | 815,966 |  | 727,978 |  | 34,753 |  | (762,731 | ) | 815,966 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,359,609 |  | $ | 1,830,424 |  | $ | 137,332 |  | $ | (1,356,825 | ) | $ | 1,970,540 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 131,522 |  | $ | 20,181 |  | $ | — |  | $ | 151,703 |
Mortgage loans held for sale |  | — |  | — |  | 171,580 |  | — |  | 171,580 |
Inventory |  | — |  | 1,414,574 |  | — |  | — |  | 1,414,574 |
Property and equipment - net |  | — |  | 25,815 |  | 1,001 |  | — |  | 26,816 |
Investment in joint venture arrangements |  | — |  | 13,930 |  | 6,595 |  | — |  | 20,525 |
Deferred income tax asset |  | — |  | 18,438 |  | — |  | — |  | 18,438 |
Investment in subsidiaries |  | 722,508 |  | — |  | — |  | (722,508 | ) | — |
Intercompany assets |  | 650,599 |  | — |  | — |  | (650,599 | ) | — |
Other assets |  | 3,154 |  | 48,430 |  | 9,551 |  | — |  | 61,135 |
TOTAL ASSETS |  | $ | 1,376,261 |  | $ | 1,652,709 |  | $ | 208,908 |  | $ | (1,373,107 | ) | $ | 1,864,771 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 116,773 |  | $ | 460 |  | $ | — |  | $ | 117,233 |
Customer deposits |  | — |  | 26,378 |  | — |  | — |  | 26,378 |
Intercompany liabilities |  | — |  | 645,048 |  | 5,551 |  | (650,599 | ) | — |
Other liabilities |  | — |  | 126,522 |  | 5,012 |  | — |  | 131,534 |
Community development district obligations |  | — |  | 13,049 |  | — |  | — |  | 13,049 |
Obligation for consolidated inventory not owned |  | — |  | 21,545 |  | — |  | — |  | 21,545 |
Notes payable bank - financial services operations |  | — |  | — |  | 168,195 |  | — |  | 168,195 |
Notes payable - other |  | — |  | 10,576 |  | — |  | — |  | 10,576 |
Convertible senior subordinated notes due 2018 - net |  | 86,132 |  | — |  | — |  | — |  | 86,132 |
Senior notes due 2021 - net |  | 296,780 |  | — |  | — |  | — |  | 296,780 |
Senior notes due 2025 - net |  | 246,051 |  | — |  | — |  | — |  | 246,051 |
TOTAL LIABILITIES |  | 628,963 |  | 959,891 |  | 179,218 |  | (650,599 | ) | 1,117,473 |
SHAREHOLDERS’ EQUITY |  | 747,298 |  | 692,818 |  | 29,690 |  | (722,508 | ) | 747,298 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,376,261 |  | $ | 1,652,709 |  | $ | 208,908 |  | $ | (1,373,107 | ) | $ | 1,864,771 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, 2018
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 5,750 |  | $ | (95,387 | ) | $ | 75,686 |  | $ | (5,750 | ) | $ | (19,701 | )
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (4,449 | ) | (166 | ) | — |  | (4,615 | )
Acquisition | — |  | (100,960 | ) | — |  | — |  | (100,960 | )
Intercompany investing | (6,176 | ) | — |  | — |  | 6,176 |  | — |
Investments in and advances to joint venture arrangements | — |  | (3,485 | ) | (836 | ) | — |  | (4,321 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 676 |  | — |  | 676 |
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 5,111 |  | — |  | 5,111 |
Net cash (used in) provided by investing activities | (6,176 | ) | (108,894 | ) | 4,785 |  | 6,176 |  | (104,109 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayment of convertible senior subordinated notes due 2018 | — |  | (65,941 | ) | — |  | — |  | (65,941 | )
Proceeds from bank borrowings - homebuilding operations | — |  | 353,900 |  | — |  | — |  | 353,900 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (172,100 | ) | — |  | — |  | (172,100 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (75,032 | ) | — |  | (75,032 | )
Principal repayment of notes payable - other and CDD bond obligations | — |  | (1,214 | ) | — |  | — |  | (1,214 | )
Proceeds from exercise of stock options | 426 |  | — |  | — |  | — |  | 426 |
Intercompany financing | — |  | 8,862 |  | (2,686 | ) | (6,176 | ) | — |
Dividends paid | — |  | — |  | (5,750 | ) | 5,750 |  | — |
Debt issue costs | — |  | (75 | ) | (40 | ) | — |  | (115 | )
Net cash provided by (used in) financing activities | 426 |  | 123,432 |  | (83,508 | ) | (426 | ) | 39,924 |
Net decrease in cash, cash equivalents and restricted cash | — |  | (80,849 | ) | (3,037 | ) | — |  | (83,886 | )
Cash, cash equivalents and restricted cash balance at beginning of period | — |  | 131,522 |  | 20,181 |  | — |  | 151,703 |
Cash, cash equivalents and restricted cash balance at end of period | $ | — |  | $ | 50,673 |  | $ | 17,144 |  | $ | — |  | $ | 67,817 |
| 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 | )
Proceeds from notes payable - other and CDD bond obligations | — |  | (2,752 | ) | — |  | — |  | (2,752 | )
Intercompany financing | — |  | 15,027 |  | (7,173 | ) | (7,854 | ) | — |
Dividends paid | (2,438 | ) | — |  | (5,500 | ) | 5,500 |  | (2,438 | )
Debt issue costs | — |  | — |  | (63 | ) | — |  | (63 | )
Proceeds from exercise of stock options | 4,792 |  | — |  | — |  | — |  | 4,792 |
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 |

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