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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Year Ended December 31, 2019
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 2,444,967 |  | $ | 55,323 |  | $ | — |  | $ | 2,500,290 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 2,005,861 |  | — |  | — |  | 2,005,861 |
Impairment of inventory and investment in joint venture arrangements |  | — |  | 5,002 |  | — |  | — |  | 5,002 |
General and administrative |  | — |  | 119,153 |  | 28,801 |  | — |  | 147,954 |
Selling |  | — |  | 154,384 |  | — |  | — |  | 154,384 |
Equity in income from joint venture arrangements |  | — |  | — |  | (311 | ) | — |  | (311 | )
Interest |  | — |  | 17,724 |  | 3,651 |  | — |  | 21,375 |
Total costs and expenses |  | — |  | 2,302,124 |  | 32,141 |  | — |  | 2,334,265 |
Income before income taxes |  | — |  | 142,843 |  | 23,182 |  | — |  | 166,025 |
Provision for income taxes |  | — |  | 33,919 |  | 4,519 |  | — |  | 38,438 |
Equity in subsidiaries |  | 127,587 |  | — |  | — |  | (127,587 | ) | — |
Net income |  | $ | 127,587 |  | $ | 108,924 |  | $ | 18,663 |  | $ | (127,587 | ) | $ | 127,587 |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Year Ended December 31, 2018
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 2,234,086 |  | $ | 52,196 |  | $ | — |  | $ | 2,286,282 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 1,836,704 |  | — |  | — |  | 1,836,704 |
Impairment of inventory and investment in joint venture arrangements |  | — |  | 5,809 |  | — |  | — |  | 5,809 |
Acquisition related expenses |  | — |  | 1,700 |  | — |  | — |  | 1,700 |
General and administrative |  | — |  | 112,225 |  | 25,554 |  | — |  | 137,779 |
Selling |  | — |  | 142,829 |  | — |  | — |  | 142,829 |
Equity in income from joint venture arrangements |  | — |  | — |  | (312 | ) | — |  | (312 | )
Interest |  | — |  | 17,215 |  | 3,269 |  | — |  | 20,484 |
Total costs and expenses |  | — |  | 2,116,482 |  | 28,511 |  | — |  | 2,144,993 |
Income before income taxes |  | — |  | 117,604 |  | 23,685 |  | — |  | 141,289 |
Provision for income taxes |  | — |  | 28,545 |  | 5,081 |  | — |  | 33,626 |
Equity in subsidiaries |  | 107,663 |  | — |  | — |  | (107,663 | ) | — |
Net income |  | $ | 107,663 |  | $ | 89,059 |  | $ | 18,604 |  | $ | (107,663 | ) | $ | 107,663 |
|  | Year Ended December 31, 2017
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,912,278 |  | $ | 49,693 |  | $ | — |  | $ | 1,961,971 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 1,561,022 |  | — |  | — |  | 1,561,022 |
Impairment of inventory and investment in joint venture arrangements |  | — |  | 7,681 |  | — |  | — |  | 7,681 |
General and administrative |  | — |  | 103,094 |  | 23,188 |  | — |  | 126,282 |
Selling |  | — |  | 128,327 |  | — |  | — |  | 128,327 |
Equity in income from joint venture arrangements |  | — |  | — |  | (539 | ) | — |  | (539 | )
Interest |  | — |  | 16,117 |  | 2,757 |  | — |  | 18,874 |
Total costs and expenses |  | — |  | 1,816,241 |  | 25,406 |  | — |  | 1,841,647 |
Income before income taxes |  | — |  | 96,037 |  | 24,287 |  | — |  | 120,324 |
Provision for income taxes |  | — |  | 40,570 |  | 7,673 |  | — |  | 48,243 |
Equity in subsidiaries |  | 72,081 |  | — |  | — |  | (72,081 | ) | — |
Net income |  | $ | 72,081 |  | $ | 55,467 |  | $ | 16,614 |  | $ | (72,081 | ) | $ | 72,081 |
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 |  | $ | 66,168 |  | $ | 55,467 |  | $ | 16,614 |  | $ | (72,081 | ) | $ | 66,168 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2019
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | — |  | $ | 219 |  | $ | 11,589 |  | $ | (5,725 | ) | $ | 6,083 |
Mortgage loans held for sale |  | — |  | — |  | 155,244 |  | — |  | 155,244 |
Inventory |  | — |  | 1,769,507 |  | — |  | — |  | 1,769,507 |
Property and equipment - net |  | — |  | 21,372 |  | 746 |  | — |  | 22,118 |
Investment in joint venture arrangements |  | — |  | 35,391 |  | 2,494 |  | — |  | 37,885 |
Operating lease right-of-use assets |  | — |  | 15,689 |  | 2,726 |  | — |  | 18,415 |
Investment in subsidiaries |  | 928,942 |  | — |  | — |  | (928,942 | ) | — |
Deferred income taxes, net of valuation allowances |  | — |  | 9,631 |  | — |  | — |  | 9,631 |
Intercompany assets |  | 619,204 |  | — |  | — |  | (619,204 | ) | — |
Goodwill |  | — |  | 16,400 |  | — |  | — |  | 16,400 |
Other assets |  | 1,411 |  | 56,134 |  | 12,766 |  | — |  | 70,311 |
TOTAL ASSETS |  | $ | 1,549,557 |  | $ | 1,924,343 |  | $ | 185,565 |  | $ | (1,553,871 | ) | $ | 2,105,594 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 130,136 |  | $ | 615 |  | $ | (5,725 | ) | $ | 125,026 |
Customer deposits |  | — |  | 34,462 |  | — |  | — |  | 34,462 |
Intercompany liabilities |  | — |  | 618,946 |  | 258 |  | (619,204 | ) | — |
Operating lease liabilities |  | — |  | 15,691 |  | 2,724 |  | — |  | 18,415 |
Other liabilities |  | — |  | 141,015 |  | 6,922 |  | — |  | 147,937 |
Community development district obligations |  | — |  | 13,531 |  | — |  | — |  | 13,531 |
Obligation for consolidated inventory not owned |  | — |  | 7,934 |  | — |  | — |  | 7,934 |
Notes payable bank - homebuilding operations |  | — |  | 66,000 |  | — |  | — |  | 66,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 136,904 |  | — |  | 136,904 |
Notes payable - other |  | — |  | 5,828 |  | — |  | — |  | 5,828 |
Senior notes due 2021 - net |  | 298,988 |  | — |  | — |  | — |  | 298,988 |
Senior notes due 2025 - net |  | 247,092 |  | — |  | — |  | — |  | 247,092 |
TOTAL LIABILITIES |  | 546,080 |  | 1,033,543 |  | 147,423 |  | (624,929 | ) | 1,102,117 |
Shareholders’ equity |  | 1,003,477 |  | 890,800 |  | 38,142 |  | (928,942 | ) | 1,003,477 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 1,549,557 |  | $ | 1,924,343 |  | $ | 185,565 |  | $ | (1,553,871 | ) | $ | 2,105,594 |
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 |
Investment in subsidiaries |  | 817,986 |  | — |  | — |  | (817,986 | ) | — |
Deferred income tax asset |  | — |  | 13,482 |  | — |  | — |  | 13,482 |
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] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
|  | Year Ended December 31, 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 |  | $ | 16,630 |  | $ | 36,830 |  | $ | 28,801 |  | $ | (16,630 | ) | $ | 65,631 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Purchase of property and equipment |  | — |  | (4,264 | ) | (262 | ) | — |  | (4,526 | )
Intercompany investing |  | (31,124 | ) | — |  | — |  | 31,124 |  | — |
Investments in and advances to joint venture arrangements |  | — |  | (30,036 | ) | (152 | ) | — |  | (30,188 | )
Proceeds from the sale of property |  | — |  | 6,308 |  | — |  | — |  | 6,308 |
Return of capital from joint venture arrangements |  | — |  | — |  | 812 |  | — |  | 812 |
Net cash (used in) provided by investing activities |  | (31,124 | ) | (27,992 | ) | 398 |  | 31,124 |  | (27,594 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations |  | — |  | 696,500 |  | — |  | — |  | 696,500 |
Repayment of bank borrowings - homebuilding operations |  | — |  | (747,900 | ) | — |  | — |  | (747,900 | )
Net repayment of bank borrowings - financial services operations |  | — |  | — |  | (16,264 | ) | — |  | (16,264 | )
Principal repayments of notes payable - other and CDD bond obligations |  | — |  | (110 | ) | — |  | — |  | (110 | )
Dividends paid |  | — |  | — |  | (16,630 | ) | 16,630 |  | — |
Repurchase of common shares |  | (5,150 | ) | — |  | — |  | — |  | (5,150 | )
Intercompany financing |  | — |  | 37,337 |  | (488 | ) | (36,849 | ) | — |
Debt issue costs |  | — |  | — |  | (203 | ) | — |  | (203 | )
Proceeds from exercise of stock options |  | 19,644 |  | — |  | — |  | — |  | 19,644 |
Net cash provided by (used in) financing activities |  | 14,494 |  | (14,173 | ) | (33,585 | ) | (20,219 | ) | (53,483 | )
Net decrease in cash, cash equivalents and restricted cash |  | — |  | (5,335 | ) | (4,386 | ) | (5,725 | ) | (15,446 | )
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 |  | $ | — |  | $ | 219 |  | $ | 11,589 |  | $ | (5,725 | ) | $ | 6,083 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|  | Year Ended December 31, 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 |  | $ | 12,185 |  | $ | (25,882 | ) | $ | 23,290 |  | $ | (12,185 | ) | $ | (2,592 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Purchase of property and equipment |  | — |  | (7,896 | ) | (245 | ) | — |  | (8,141 | )
Acquisition |  | — |  | (100,960 | ) | — |  | — |  | (100,960 | )
Intercompany investing |  | 12,986 |  | — |  | — |  | (12,986 | ) | — |
Investments in and advances to joint venture arrangements |  | — |  | (30,588 | ) | (1,279 | ) | — |  | (31,867 | )
Return of capital from joint venture arrangements |  | — |  | — |  | 676 |  | — |  | 676 |
Proceeds from the sale of mortgage servicing rights |  |  |  |  |  | 6,335 |  |  |  | 6,335 |
Net cash provided by (used in) investing activities |  | 12,986 |  | (139,444 | ) | 5,487 |  | (12,986 | ) | (133,957 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Repayment of convertible senior subordinated notes |  | — |  | (65,941 | ) | — |  | — |  | (65,941 | )
Proceeds from bank borrowings - homebuilding operations |  | — |  | 666,600 |  | — |  | — |  | 666,600 |
Repayment of bank borrowings - homebuilding operations |  | — |  | (549,200 | ) | — |  | — |  | (549,200 | )
Net proceeds from bank borrowings - financial services operations |  | — |  | — |  | (15,027 | ) | — |  | (15,027 | )
Principal repayments of notes payable - other and CDD bond obligations |  | — |  | (4,638 | ) | — |  | — |  | (4,638 | )
Dividends paid |  | — |  | — |  | (12,185 | ) | 12,185 |  | — |
Repurchase of common shares |  | (25,709 | ) | — |  | — |  | — |  | (25,709 | )
Intercompany financing |  | — |  | (7,388 | ) | (5,598 | ) | 12,986 |  | — |
Debt issue costs |  | — |  | (75 | ) | (173 | ) | — |  | (248 | )
Proceeds from exercise of stock options |  | 538 |  | — |  | — |  | — |  | 538 |
Net cash (used in) provided by financing activities |  | (25,171 | ) | 39,358 |  | (32,983 | ) | 25,171 |  | 6,375 |
Net decrease in cash, cash equivalents and restricted cash |  | — |  | (125,968 | ) | (4,206 | ) | — |  | (130,174 | )
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 |  | $ | — |  | $ | 5,554 |  | $ | 15,975 |  | $ | — |  | $ | 21,529 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|  | Year Ended December 31, 2017
(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 |  | $ | 15,581 |  | $ | (63,922 | ) | $ | 10,738 |  | $ | (15,581 | ) | $ | (53,184 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Purchase of property and equipment |  | — |  | (8,535 | ) | (264 | ) | — |  | (8,799 | )
Investments in and advances to joint venture arrangements |  | — |  | (6,117 | ) | (5,971 | ) | — |  | (12,088 | )
Return of capital from joint venture arrangements |  | — |  | — |  | 3,518 |  | — |  | 3,518 |
Intercompany investing |  | 27,270 |  | — |  | — |  | (27,270 | ) | — |
Proceeds from the sale of mortgage servicing rights |  | — |  | — |  | 8,212 |  | — |  | 8,212 |
Net cash provided by (used in) investing activities |  | 27,270 |  | (14,652 | ) | 5,495 |  | (27,270 | ) | (9,157 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Proceeds from issuance of senior notes |  | — |  | 250,000 |  | — |  | — |  | 250,000 |
Redemption of preferred shares |  | (50,420 | ) | — |  | — |  | — |  | (50,420 | )
Proceeds from bank borrowings - homebuilding operations |  | — |  | 398,300 |  | — |  | — |  | 398,300 |
Repayment of bank borrowings - homebuilding operations |  | — |  | (438,600 | ) | — |  | — |  | (438,600 | )
Net proceeds from bank borrowings - financial services operations |  | — |  | — |  | 15,300 |  | — |  | 15,300 |
Principal repayments of note payable - other and CDD bond obligations |  | — |  | 4,161 |  | — |  | — |  | 4,161 |
Dividends paid |  | (3,656 | ) | — |  | (15,581 | ) | 15,581 |  | (3,656 | )
Intercompany financing |  | — |  | (18,143 | ) | (9,127 | ) | 27,270 |  | — |
Debt issue costs |  | — |  | (6,549 | ) | (158 | ) | — |  | (6,707 | )
Proceeds from exercise of stock options |  | 11,225 |  | — |  | — |  | — |  | 11,225 |
Net cash (used in) provided by financing activities |  | (42,851 | ) | 189,169 |  | (9,566 | ) | 42,851 |  | 179,603 |
Net increase in cash, cash equivalents and restricted cash |  | — |  | 110,595 |  | 6,667 |  | — |  | 117,262 |
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 |  | $ | — |  | $ | 131,522 |  | $ | 20,181 |  | $ | — |  | $ | 151,703 |

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