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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 555,649 |  | $ | 12,193 |  | $ | — |  | $ | 567,842 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 452,029 |  | — |  | — |  | 452,029 |
General and administrative |  | — |  | 30,180 |  | 6,717 |  | — |  | 36,897 |
Selling |  | — |  | 35,054 |  | — |  | — |  | 35,054 |
Equity in income from joint venture arrangements |  | — |  | — |  | (44 | ) | — |  | (44 | )
Interest |  | — |  | 3,592 |  | 834 |  | — |  | 4,426 |
Total costs and expenses |  | — |  | 520,855 |  | 7,507 |  | — |  | 528,362 |
Income before income taxes |  | — |  | 34,794 |  | 4,686 |  | — |  | 39,480 |
Provision for income taxes |  | — |  | 9,253 |  | 945 |  | — |  | 10,198 |
Equity in subsidiaries |  | 29,282 |  | — |  | — |  | (29,282 | ) | — |
Net income |  | $ | 29,282 |  | $ | 25,541 |  | $ | 3,741 |  | $ | (29,282 | ) | $ | 29,282 |
|  | 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 from 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 available to common shareholders |  | $ | 18,852 |  | $ | 18,897 |  | $ | 3,430 |  | $ | (22,327 | ) | $ | 18,852 |
|  | Nine Months Ended September 30, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,524,702 |  | $ | 39,095 |  | $ | — |  | $ | 1,563,797 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 1,250,067 |  | — |  | — |  | 1,250,067 |
General and administrative |  | — |  | 80,921 |  | 18,593 |  | — |  | 99,514 |
Selling |  | — |  | 100,708 |  | — |  | — |  | 100,708 |
Acquisition and integration costs |  | — |  | 1,700 |  | — |  | — |  | 1,700 |
Equity in income from joint venture arrangements |  | — |  | — |  | (268 | ) | — |  | (268 | )
Interest |  | — |  | 12,893 |  | 2,299 |  | — |  | 15,192 |
Total costs and expenses |  | — |  | 1,446,289 |  | 20,624 |  | — |  | 1,466,913 |
Income before income taxes |  | — |  | 78,413 |  | 18,471 |  | — |  | 96,884 |
Provision for income taxes |  | — |  | 17,711 |  | 3,917 |  | — |  | 21,628 |
Equity in subsidiaries |  | 75,256 |  | — |  | — |  | (75,256 | ) | — |
Net income |  | $ | 75,256 |  | $ | 60,702 |  | $ | 14,554 |  | $ | (75,256 | ) | $ | 75,256 |
|  | 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 from 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 redeemed |  | 2,257 |  | — |  | — |  | — |  | 2,257 |
Net income available to common shareholders |  | $ | 50,286 |  | $ | 43,210 |  | $ | 12,989 |  | $ | (56,199 | ) | $ | 50,286 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 21,494 |  | $ | 14,866 |  | $ | — |  | $ | 36,360 |
Mortgage loans held for sale |  | — |  | — |  | 115,189 |  | — |  | 115,189 |
Inventory |  | — |  | 1,751,525 |  | — |  | — |  | 1,751,525 |
Property and equipment - net |  | — |  | 27,715 |  | 976 |  | — |  | 28,691 |
Investment in joint venture arrangements |  | — |  | 22,073 |  | 2,495 |  | — |  | 24,568 |
Deferred income tax asset |  | — |  | 16,925 |  | — |  | — |  | 16,925 |
Investment in subsidiaries |  | 786,063 |  | — |  | — |  | (786,063 | ) | — |
Intercompany assets |  | 590,635 |  | — |  | — |  | (590,635 | ) | — |
Goodwill |  | — |  | 16,400 |  | — |  | — |  | 16,400 |
Other assets |  | 2,555 |  | 56,215 |  | 9,907 |  | — |  | 68,677 |
TOTAL ASSETS |  | $ | 1,379,253 |  | $ | 1,912,347 |  | $ | 143,433 |  | $ | (1,376,698 | ) | $ | 2,058,335 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 147,435 |  | $ | 986 |  | $ | — |  | $ | 148,421 |
Customer deposits |  | — |  | 40,448 |  | — |  | — |  | 40,448 |
Intercompany liabilities |  | — |  | 589,507 |  | 1,128 |  | (590,635 | ) | — |
Other liabilities |  | — |  | 111,902 |  | 4,749 |  | — |  | 116,651 |
Community development district obligations |  | — |  | 16,101 |  | — |  | — |  | 16,101 |
Obligation for consolidated inventory not owned |  | — |  | 21,897 |  | — |  | — |  | 21,897 |
Notes payable bank - homebuilding operations |  | — |  | 222,700 |  | — |  | — |  | 222,700 |
Notes payable bank - financial services operations |  | — |  | — |  | 104,026 |  | — |  | 104,026 |
Notes payable - other |  | — |  | 8,838 |  | — |  | — |  | 8,838 |
Senior notes due 2021 - net |  | 297,608 |  | — |  | — |  | — |  | 297,608 |
Senior notes due 2025 - net |  | 246,441 |  | — |  | — |  | — |  | 246,441 |
TOTAL LIABILITIES |  | 544,049 |  | 1,158,828 |  | 110,889 |  | (590,635 | ) | 1,223,131 |
SHAREHOLDERS’ EQUITY |  | 835,204 |  | 753,519 |  | 32,544 |  | (786,063 | ) | 835,204 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,379,253 |  | $ | 1,912,347 |  | $ | 143,433 |  | $ | (1,376,698 | ) | $ | 2,058,335 |
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
| Nine Months Ended September 30, 2018
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 11,700 |  | $ | (144,828 | ) | $ | 70,933 |  | $ | (11,700 | ) | $ | (73,895 | )
INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (5,636 | ) | (230 | ) | — |  | (5,866 | )
Acquisition | — |  | (100,960 | ) | — |  | — |  | (100,960 | )
Intercompany investing | (1,041 | ) | — |  | — |  | 1,041 |  | — |
Investments in and advances to joint venture arrangements | — |  | (19,412 | ) | (1,075 | ) | — |  | (20,487 | )
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 | (1,041 | ) | (126,008 | ) | 4,482 |  | 1,041 |  | (121,526 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayment of convertible senior subordinated notes due 2018 | — |  | (65,941 | ) | — |  | — |  | (65,941 | )
Proceeds from bank borrowings - homebuilding operations | — |  | 519,900 |  | — |  | — |  | 519,900 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (297,200 | ) | — |  | — |  | (297,200 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (64,169 | ) | — |  | (64,169 | )
Principal repayment of notes payable - other and CDD bond obligations | — |  | (1,738 | ) | — |  | — |  | (1,738 | )
Proceeds from exercise of stock options | 426 |  | — |  | — |  | — |  | 426 |
Intercompany financing | — |  | 5,862 |  | (4,821 | ) | (1,041 | ) | — |
Repurchase of common shares | (11,085 | ) | — |  | — |  | — |  | (11,085 | )
Dividends paid | — |  | — |  | (11,700 | ) | 11,700 |  | — |
Debt issue costs | — |  | (75 | ) | (40 | ) | — |  | (115 | )
Net cash (used in) provided by financing activities | (10,659 | ) | 160,808 |  | (80,730 | ) | 10,659 |  | 80,078 |
Net decrease in cash, cash equivalents and restricted cash | — |  | (110,028 | ) | (5,315 | ) | — |  | (115,343 | )
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 | $ | — |  | $ | 21,494 |  | $ | 14,866 |  | $ | — |  | $ | 36,360 |
| 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 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 repayments of notes payable - other and CDD bond obligations | — |  | (2,358 | ) | — |  | — |  | (2,358 | )
Proceeds from issuance of senior notes | — |  | 250,000 |  | — |  | — |  | 250,000 |
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 | )
Proceeds from exercise of stock options | 4,791 |  | — |  | — |  | — |  | 4,791 |
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 |

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