XML 39 R23.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Supplementary Financial Data | 12 Months Ended
--- | ---
Dec. 31, 2018
Supplementary Financial Data [Abstract] |
Additional Financial Information Disclosure [Text Block] | Supplementary Financial Data The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.
| March 31, 2018 | June 30, 2018 | September 30, 2018 | December 31, 2018
(In thousands, except per share amounts) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited)
Revenue | $ | 437,857 |  | $ | 558,098 |  | $ | 567,842 |  | $ | 722,485 |
Gross margin (a) | $ | 89,155 |  | $ | 108,762 |  | $ | 115,813 |  | $ | 130,039 |
Net income to common shareholders (a) | $ | 18,063 |  | $ | 27,911 |  | $ | 29,282 |  | $ | 32,407 |
Earnings per common share: (c) |  |  |  |  |  |  |  |
Basic | $ | 0.64 |  | $ | 0.98 |  | $ | 1.03 |  | $ | 1.17 |
Diluted | $ | 0.60 |  | $ | 0.96 |  | $ | 1.01 |  | $ | 1.15 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic | 28,124 |  | 28,571 |  | 28,469 |  | 27,774 |
Diluted | 30,544 |  | 29,101 |  | 28,906 |  | 28,181 |
| March 31, 2017 | June 30, 2017 | September 30, 2017 | December 31, 2017
(In thousands, except per share amounts) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited)
Revenue | $ | 406,980 |  | $ | 456,866 |  | $ | 476,423 |  | $ | 621,702 |
Gross margin (b) | $ | 86,699 |  | $ | 89,268 |  | $ | 101,750 |  | $ | 115,551 |
Net income to common shareholders (b) | $ | 15,664 |  | $ | 15,770 |  | $ | 18,852 |  | $ | 15,882 |
Earnings per common share: (c) |  |  |  |  |  |  |  |
Basic | $ | 0.63 |  | $ | 0.63 |  | $ | 0.74 |  | $ | 0.57 |
Diluted | $ | 0.55 |  | $ | 0.55 |  | $ | 0.64 |  | $ | 0.53 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic | 24,738 |  | 24,990 |  | 25,581 |  | 27,736 |
Diluted | 30,329 |  | 30,619 |  | 30,675 |  | 31,172 |
(a) | Gross margin and net income to common shareholders include $0.9 million, $3.0 million, $0.7 million and $0.6 million of charges related to purchase accounting adjustments taken during 2018 as a result of our acquisition of Pinnacle Homes in Detroit, Michigan on March 1, 2018 (as more fully discussed in Note 12 to our Consolidated Financial Statements) taken during the first, second, third and fourth quarters of 2018, respectively, and $5.8 million of impairment charges taken during the fourth quarter of 2018.
(b) | Gross margin and net income to common shareholders includes an $8.5 million pre-tax charge for stucco-related repair costs in certain of our Florida communities (as more fully discussed in Note 8 to our Consolidated Financial Statements) taken during the second quarter of 2017, and $7.7 million of impairment charges taken during the fourth quarter of 2017.
(c) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
We typically experience significant seasonality and quarter-to-quarter variability in our operating results. In general, homes delivered increase substantially in the second half of the year compared to the first half of the year as we sell more homes during the first and second quarters which results in more homes being delivered in the third and fourth quarters.

X
- Definition Supplementary Financial Data [Abstract] + References No definition available. + Details
Name: | mho_SupplementaryFinancialDataAbstract
Namespace Prefix: | mho_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration