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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2019
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, 2019
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 609,383 |  | $ | 14,303 |  | $ | — |  | $ | 623,686 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 503,857 |  | — |  | — |  | 503,857 |
General and administrative |  | — |  | 29,315 |  | 6,849 |  | — |  | 36,164 |
Selling |  | — |  | 37,452 |  | — |  | — |  | 37,452 |
Equity in income from joint venture arrangements |  | — |  | — |  | (187 | ) | — |  | (187 | )
Interest |  | — |  | 4,263 |  | 934 |  | — |  | 5,197 |
Total costs and expenses |  | — |  | 574,887 |  | 7,596 |  | — |  | 582,483 |
Income before income taxes |  | — |  | 34,496 |  | 6,707 |  | — |  | 41,203 |
Provision for income taxes |  | — |  | 9,578 |  | 1,379 |  | — |  | 10,957 |
Equity in subsidiaries |  | 30,246 |  | — |  | — |  | (30,246 | ) | — |
Net income |  | $ | 30,246 |  | $ | 24,918 |  | $ | 5,328 |  | $ | (30,246 | ) | $ | 30,246 |
|  | 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 |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Six Months Ended June 30, 2019
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,078,709 |  | $ | 26,086 |  | $ | — |  | $ | 1,104,795 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 892,324 |  | — |  | — |  | 892,324 |
General and administrative |  | — |  | 53,748 |  | 13,115 |  | — |  | 66,863 |
Selling |  | — |  | 69,003 |  | — |  | — |  | 69,003 |
Equity in income from joint venture arrangements |  | — |  | — |  | (66 | ) | — |  | (66 | )
Interest |  | — |  | 10,312 |  | 1,677 |  | — |  | 11,989 |
Total costs and expenses |  | — |  | 1,025,387 |  | 14,726 |  | — |  | 1,040,113 |
Income before income taxes |  | — |  | 53,322 |  | 11,360 |  | — |  | 64,682 |
Provision for income taxes |  | — |  | 14,333 |  | 2,380 |  | — |  | 16,713 |
Equity in subsidiaries |  | 47,969 |  | — |  | — |  | (47,969 | ) | — |
Net income |  | $ | 47,969 |  | $ | 38,989 |  | $ | 8,980 |  | $ | (47,969 | ) | $ | 47,969 |
|  | 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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2019
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 3,473 |  | $ | 16,920 |  | $ | — |  | $ | 20,393 |
Mortgage loans held for sale |  | — |  | — |  | 123,909 |  | — |  | 123,909 |
Inventory |  | — |  | 1,763,479 |  | — |  | — |  | 1,763,479 |
Property and equipment - net |  | — |  | 27,179 |  | 915 |  | — |  | 28,094 |
Investment in joint venture arrangements |  | — |  | 38,589 |  | 2,755 |  | — |  | 41,344 |
Operating lease right-of-use assets |  | — |  | 15,908 |  | 3,489 |  | — |  | 19,397 |
Deferred income tax asset |  | — |  | 12,594 |  | — |  | — |  | 12,594 |
Investment in subsidiaries |  | 860,824 |  | — |  | — |  | (860,824 | ) | — |
Intercompany assets |  | 586,815 |  | — |  | — |  | (586,815 | ) | — |
Goodwill |  | — |  | 16,400 |  | — |  | — |  | 16,400 |
Other assets |  | 1,869 |  | 49,789 |  | 11,938 |  | — |  | 63,596 |
TOTAL ASSETS |  | $ | 1,449,508 |  | $ | 1,927,411 |  | $ | 159,926 |  | $ | (1,447,639 | ) | $ | 2,089,206 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 153,221 |  | $ | 849 |  | $ | — |  | $ | 154,070 |
Customer deposits |  | — |  | 38,048 |  | — |  | — |  | 38,048 |
Operating lease liabilities |  | — |  | 15,911 |  | 3,486 |  | — |  | 19,397 |
Intercompany liabilities |  | — |  | 582,352 |  | 4,463 |  | (586,815 | ) | — |
Other liabilities |  | — |  | 113,647 |  | 7,166 |  | — |  | 120,813 |
Community development district obligations |  | — |  | 10,866 |  | — |  | — |  | 10,866 |
Obligation for consolidated inventory not owned |  | — |  | 13,109 |  | — |  | — |  | 13,109 |
Notes payable bank - homebuilding operations |  | — |  | 174,300 |  | — |  | — |  | 174,300 |
Notes payable bank - financial services operations |  | — |  | — |  | 104,003 |  | — |  | 104,003 |
Notes payable - other |  | — |  | 5,092 |  | — |  | — |  | 5,092 |
Senior notes due 2021 - net |  | 298,436 |  | — |  | — |  | — |  | 298,436 |
Senior notes due 2025 - net |  | 246,832 |  | — |  | — |  | — |  | 246,832 |
TOTAL LIABILITIES |  | 545,268 |  | 1,106,546 |  | 119,967 |  | (586,815 | ) | 1,184,966 |
SHAREHOLDERS’ EQUITY |  | 904,240 |  | 820,865 |  | 39,959 |  | (860,824 | ) | 904,240 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,449,508 |  | $ | 1,927,411 |  | $ | 159,926 |  | $ | (1,447,639 | ) | $ | 2,089,206 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 5,554 |  | $ | 15,975 |  | $ | — |  | $ | 21,529 |
Mortgage loans held for sale |  | — |  | — |  | 169,651 |  | — |  | 169,651 |
Inventory |  | — |  | 1,674,460 |  | — |  | — |  | 1,674,460 |
Property and equipment - net |  | — |  | 28,485 |  | 910 |  | — |  | 29,395 |
Investment in joint venture arrangements |  | — |  | 33,297 |  | 2,573 |  | — |  | 35,870 |
Deferred income tax asset |  | — |  | 13,482 |  | — |  | — |  | 13,482 |
Investment in subsidiaries |  | 817,986 |  | — |  | — |  | (817,986 | ) | — |
Intercompany assets |  | 579,447 |  | — |  | — |  | (579,447 | ) | — |
Goodwill |  | — |  | 16,400 |  | — |  | — |  | 16,400 |
Other assets |  | 2,325 |  | 47,738 |  | 10,731 |  | — |  | 60,794 |
TOTAL ASSETS |  | $ | 1,399,758 |  | $ | 1,819,416 |  | $ | 199,840 |  | $ | (1,397,433 | ) | $ | 2,021,581 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 131,089 |  | $ | 422 |  | $ | — |  | $ | 131,511 |
Customer deposits |  | — |  | 32,055 |  | — |  | — |  | 32,055 |
Intercompany liabilities |  | — |  | 578,498 |  | 949 |  | (579,447 | ) | — |
Other liabilities |  | — |  | 140,860 |  | 9,191 |  | — |  | 150,051 |
Community development district obligations |  | — |  | 12,392 |  | — |  | — |  | 12,392 |
Obligation for consolidated inventory not owned |  | — |  | 19,308 |  | — |  | — |  | 19,308 |
Notes payable bank - homebuilding operations |  | — |  | 117,400 |  | — |  | — |  | 117,400 |
Notes payable bank - financial services operations |  | — |  | — |  | 153,168 |  | — |  | 153,168 |
Notes payable - other |  | — |  | 5,938 |  | — |  | — |  | 5,938 |
Senior notes due 2021 - net |  | 297,884 |  | — |  | — |  | — |  | 297,884 |
Senior notes due 2025 - net |  | 246,571 |  | — |  | — |  | — |  | 246,571 |
TOTAL LIABILITIES |  | 544,455 |  | 1,037,540 |  | 163,730 |  | (579,447 | ) | 1,166,278 |
SHAREHOLDERS’ EQUITY |  | 855,303 |  | 781,876 |  | 36,110 |  | (817,986 | ) | 855,303 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,399,758 |  | $ | 1,819,416 |  | $ | 199,840 |  | $ | (1,397,433 | ) | $ | 2,021,581 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, 2019
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 5,130 |  | $ | (41,562 | ) | $ | 52,179 |  | $ | (5,130 | ) | $ | 10,617 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (1,411 | ) | (188 | ) | — |  | (1,599 | )
Intercompany investing | (3,257 | ) | — |  | — |  | 3,257 |  | — |
Investments in and advances to joint venture arrangements | — |  | (15,119 | ) | (162 | ) | — |  | (15,281 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 150 |  | — |  | 150 |
Net cash (used in) provided by investing activities | (3,257 | ) | (16,530 | ) | (200 | ) | 3,257 |  | (16,730 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 374,500 |  | — |  | — |  | 374,500 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (317,600 | ) | — |  | — |  | (317,600 | )
Net repayments of bank borrowings - financial services operations | — |  | — |  | (49,165 | ) | — |  | (49,165 | )
Principal repayment of notes payable - other and CDD bond obligations | — |  | (845 | ) | — |  | — |  | (845 | )
Proceeds from exercise of stock options | 3,277 |  | — |  | — |  | — |  | 3,277 |
Intercompany financing | — |  | (44 | ) | 3,301 |  | (3,257 | ) | — |
Repurchase of common shares | (5,150 | ) | — |  | — |  | — |  | (5,150 | )
Dividends paid | — |  | — |  | (5,130 | ) | 5,130 |  | — |
Debt issue costs | — |  | — |  | (40 | ) | — |  | (40 | )
Net cash (used in) provided by financing activities | (1,873 | ) | 56,011 |  | (51,034 | ) | 1,873 |  | 4,977 |
Net (decrease) increase in cash, cash equivalents and restricted cash | — |  | (2,081 | ) | 945 |  | — |  | (1,136 | )
Cash, cash equivalents and restricted cash balance at beginning of period | — |  | 5,554 |  | 15,975 |  | — |  | 21,529 |
Cash, cash equivalents and restricted cash balance at end of period | $ | — |  | $ | 3,473 |  | $ | 16,920 |  | $ | — |  | $ | 20,393 |
| Six Months Ended June 30, 2018
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 5,750 |  | $ | (95,387 | ) | $ | 74,462 |  | $ | (5,750 | ) | $ | (20,925 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Purchase of property and equipment | — |  | (4,449 | ) | (166 | ) | — |  | (4,615 | )
Acquisition, net of cash acquired | — |  | (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 |
Proceeds from the sale of mortgage servicing rights | — |  | — |  | 6,335 |  | — |  | 6,335 |
Net cash (used in) provided by investing activities | (6,176 | ) | (108,894 | ) | 6,009 |  | 6,176 |  | (102,885 | )
CASH FLOWS FROM 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 repayments of notes payable - other and CDD bond obligations | — |  | (1,214 | ) | — |  | — |  | (1,214 | )
Intercompany financing | — |  | 8,862 |  | (2,686 | ) | (6,176 | ) | — |
Dividends paid | — |  | — |  | (5,750 | ) | 5,750 |  | — |
Debt issue costs | — |  | (75 | ) | (40 | ) | — |  | (115 | )
Proceeds from exercise of stock options | 426 |  | — |  | — |  | — |  | 426 |
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 |

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