Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2016

Supplemental Guarantor Information [Abstract]

Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended June 30, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	391,297	$	9,950		$	—		$	401,247
Costs and expenses:
Land and housing	—		319,708		—			—			319,708
General and administrative	—		22,085		4,745			—			26,830
Selling	—		25,533		—			—			25,533
Equity in income of unconsolidated joint ventures	—		—		(82		)	—			(82		)
Interest	—		3,798		510			—			4,308
Total costs and expenses	—		371,124		5,173			—			376,297
Income before income taxes	—		20,173		4,777			—			24,950
Provision for income taxes	—		7,442		1,592			—			9,034
Equity in subsidiaries	15,916		—		—			(15,916		)	—
Net income	15,916		12,731		3,185			(15,916		)	15,916
Preferred dividends	1,219		—		—			—			1,219
Net income to common shareholders	$	14,697	$	12,731	$	3,185		$	(15,916	)	$	14,697

	Three Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	313,921	$	8,935		$	—		$	322,856
Costs and expenses:
Land and housing	—		252,595		—			—			252,595
General and administrative	—		17,868		3,837			—			21,705
Selling	—		22,935		—			—			22,935
Equity in income of unconsolidated joint ventures	—		—		(14		)	—			(14		)
Interest	—		3,355		395			—			3,750
Total costs and expenses	—		296,753		4,218			—			300,971
Income before income taxes	—		17,168		4,717			—			21,885
Provision for income taxes	—		6,767		1,768			—			8,535
Equity in subsidiaries	13,350		—		—			(13,350		)	—
Net income	13,350		10,401		2,949			(13,350		)	13,350
Preferred dividends	1,219		—		—			—			1,219
Net income to common shareholders	$	12,131	$	10,401	$	2,949		$	(13,350	)	$	12,131

	Six Months Ended June 30, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	705,614	$	20,003		$	—		$	725,617
Costs and expenses:
Land and housing	—		579,880		—			—			579,880
General and administrative	—		40,387		8,702			—			49,089
Selling	—		47,799		—			—			47,799
Equity in income of unconsolidated joint ventures	—		—		(389		)	—			(389		)
Interest	—		8,679		894			—			9,573
Total costs and expenses	—		676,745		9,207			—			685,952
Income before income taxes	—		28,869		10,796			—			39,665
Provision for income taxes	—		10,886		3,674			—			14,560
Equity in subsidiaries	25,105		—		—			(25,105		)	—
Net income	25,105		17,983		7,122			(25,105		)	25,105
Preferred dividends	2,438		—		—			—			2,438
Net income to common shareholders	$	22,667	$	17,983	$	7,122		$	(25,105	)	$	22,667

	Six Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	568,983	$	17,032		$	—		$	586,015
Costs and expenses:
Land and housing	—		458,778		—			—			458,778
General and administrative	—		34,254		6,785			—			41,039
Selling	—		40,621		—			—			40,621
Equity in income of unconsolidated joint ventures	—		—		(212		)	—			(212		)
Interest	—		7,486		726			—			8,212
Total costs and expenses	—		541,139		7,299			—			548,438
Income before income taxes	—		27,844		9,733			—			37,577
Provision for income taxes	—		11,159		3,500			—			14,659
Equity in subsidiaries	22,918		—		—			(22,918		)	—
Net income	22,918		16,685		6,233			(22,918		)	22,918
Preferred dividends	2,438		—		—			—			2,438
Net income to common shareholders	$	20,480	$	16,685	$	6,233		$	(22,918	)	$	20,480

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	14,743	$	12,929	$	—		$	27,672
Restricted cash	—		2,328		—		—			2,328
Mortgage loans held for sale	—		—		100,379		—			100,379
Inventory	—		1,170,325		—		—			1,170,325
Property and equipment - net	—		21,550		604		—			22,154
Investment in unconsolidated joint ventures	—		10,384		17,776		—			28,160
Deferred income taxes, net of valuation allowances	—		46,949		74		—			47,023
Investment in subsidiaries	641,219		—		—		(641,219		)	—
Intercompany assets	414,134		—		—		(414,134		)	—
Other assets	2,159		41,150		11,804		—			55,113
TOTAL ASSETS	$	1,057,512	$	1,307,429	$	143,566	$	(1,055,353	)	$	1,453,154
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	105,342	$	327	$	—		$	105,669
Customer deposits	—		27,415		—		—			27,415
Intercompany liabilities	—		397,979		16,155		(414,134		)	—
Other liabilities	—		79,468		5,981		—			85,449
Community development district obligations	—		722		—		—			722
Obligation for consolidated inventory not owned	—		5,169		—		—			5,169
Notes payable bank - homebuilding operations	—		70,000		—		—			70,000
Notes payable bank - financial services operations	—		—		92,666		—			92,666
Notes payable - other	—		8,552		—		—			8,552
Convertible senior subordinated notes due 2017 - net	56,806		—		—		—			56,806
Convertible senior subordinated notes due 2018 - net	85,069		—		—		—			85,069
Senior notes due 2021 - net	295,125		—		—		—			295,125
TOTAL LIABILITIES	437,000		694,647		115,129		(414,134		)	832,642
SHAREHOLDERS’ EQUITY	620,512		612,782		28,437		(641,219		)	620,512
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,057,512	$	1,307,429	$	143,566	$	(1,055,353	)	$	1,453,154

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	—	$	18,156	$	(7,951	)	$	10,205
Restricted cash	—		2,896		—		—			2,896
Mortgage loans held for sale	—		—		127,001		—			127,001
Inventory	—		1,112,042		—		—			1,112,042
Property and equipment - net	—		12,222		675		—			12,897
Investment in unconsolidated joint ventures	—		17,425		19,542		—			36,967
Deferred income taxes, net of valuation allowances	—		67,255		149		—			67,404
Investment in subsidiaries	621,052		—		—		(621,052		)	—
Intercompany assets	408,847		—		—		(408,847		)	—
Other assets	2,626		32,335		11,181		—			46,142
TOTAL ASSETS	$	1,032,525	$	1,244,175	$	176,704	$	(1,037,850	)	$	1,415,554
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	94,554	$	275	$	(7,951	)	$	86,878
Customer deposits	—		19,567		—		—			19,567
Intercompany liabilities	—		387,439		21,408		(408,847		)	—
Other liabilities	—		88,550		5,120		—			93,670
Community development district obligations	—		1,018		—		—			1,018
Obligation for consolidated inventory not owned	—		6,007		—		—			6,007
Notes payable bank - homebuilding operations	—		43,800		—		—			43,800
Notes payable bank - financial services operations	—		—		123,648		—			123,648
Notes payable - other	—		8,441		—		—			8,441
Convertible senior subordinated notes due 2017 - net	56,518		—		—		—			56,518
Convertible senior subordinated notes due 2018 - net	84,714		—		—		—			84,714
Senior notes due 2021 - net	294,727		—		—		—			294,727
TOTAL LIABILITIES	435,959		649,376		150,451		(416,798		)	818,988
SHAREHOLDERS’ EQUITY	596,566		594,799		26,253		(621,052		)	596,566
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,032,525	$	1,244,175	$	176,704	$	(1,037,850	)	$	1,415,554

Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Six Months Ended June 30, 2016
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	4,938		$	2,056		$	38,416		$	(4,938	)	$	40,472
INVESTING ACTIVITIES:
Restricted cash	—			1,035			—			—			1,035
Purchase of property and equipment	—			(10,996		)	(33		)	—			(11,029		)
Intercompany investing	(2,573		)	—			—			2,573			—
Investments in and advances to unconsolidated joint ventures	—			(3,525		)	(2,257		)	—			(5,782		)
Net cash (used in) provided by investing activities	(2,573		)	(13,486		)	(2,290		)	2,573			(15,776		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			192,200			—			—			192,200
Principal repayments of bank borrowings - homebuilding operations	—			(166,000		)	—			—			(166,000		)
Net proceeds from bank borrowings - financial services operations	—			—			(30,982		)	—			(30,982		)
Principal proceeds from notes payable - other and CDD bond obligations	—			111			—			—			111
Proceeds from exercise of stock options	73			—			—			—			73
Intercompany financing	—			15			(5,393		)	5,378			—
Dividends paid	(2,438		)	—			(4,938		)	4,938			(2,438		)
Debt issue costs	—			(153		)	(40		)	—			(193		)
Net cash (used in) provided by financing activities	(2,365		)	26,173			(41,353		)	10,316			(7,229		)
Net increase (decrease) in cash and cash equivalents	—			14,743			(5,227		)	7,951			17,467
Cash and cash equivalents balance at beginning of period	—			—			18,156			(7,951		)	10,205
Cash and cash equivalents balance at end of period	$	—		$	14,743		$	12,929		$	—		$	27,672

	Six Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	2,000		$	(65,777	)	$	19,567		$	(2,000	)	$	(46,210	)
INVESTING ACTIVITIES:
Restricted cash	—			1,583			—			—			1,583
Purchase of property and equipment	—			(1,337		)	(64		)	—			(1,401		)
Intercompany Investing	98			—			—			(98		)	—
Investments in and advances to unconsolidated joint ventures	—			(2,555		)	(1,655		)	—			(4,210		)
Net cash provided by (used in) investing activities	98			(2,309		)	(1,719		)	(98		)	(4,028		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			220,700			—			—			220,700
Principal repayments of bank borrowings - homebuilding operations	—			(145,100		)	—			—			(145,100		)
Net repayments of bank borrowings - financial services operations	—			—			(15,698		)	—			(15,698		)
Principal repayments of notes payable - other and CDD bond obligations	—			(1,288		)	—			—			(1,288		)
Proceeds from exercise of stock options	340			—			—			—			340
Intercompany financing	—			(888		)	790			98			—
Dividends paid	(2,438		)	—			(2,000		)	2,000			(2,438		)
Debt issue costs	—			—			(40		)	—			(40		)
Net cash (used in) provided by financing activities	(2,098		)	73,424			(16,948		)	2,098			56,476
Net increase in cash and cash equivalents	—			5,338			900			—			6,238
Cash and cash equivalents balance at beginning of period	—			3,872			11,663			—			15,535
Cash and cash equivalents balance at end of period	$	—		$	9,210		$	12,563		$	—		$	21,773