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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