Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2016

Supplemental Guarantor Information [Abstract]

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



CONDENSED CONSOLIDATING STATEMENTS OF INCOME

	Year Ended December 31, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated

Revenue	$	—	$	1,649,316	$	42,011		$	—		$	1,691,327
Costs and expenses:
Land and housing	—		1,358,183		—			—			1,358,183
Impairment of inventory and investment in joint venture arrangements	—		3,992		—			—			3,992
General and administrative	—		92,135		19,465			—			111,600
Selling	—		108,809		—			—			108,809
Equity in income of joint venture arrangements	—		—		(640		)	—			(640		)
Interest	—		15,486		2,112			—			17,598
Total costs and expenses	—		1,578,605		20,937			—			1,599,542

Income before income taxes	—		70,711		21,074			—			91,785

Provision for income taxes	—		28,161		7,015			—			35,176

Equity in subsidiaries	56,609		—		—			(56,609		)	—

Net income	$	56,609	$	42,550	$	14,059		$	(56,609	)	$	56,609

Preferred dividends	4,875		—		—			—			4,875

Net income to common shareholders	$	51,734	$	42,550	$	14,059		$	(56,609	)	$	51,734



CONDENSED CONSOLIDATING STATEMENTS OF INCOME

	Year Ended December 31, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated

Revenue	$	—	$	1,382,420	$	35,975		$	—		$	1,418,395
Costs and expenses:
Land and housing	—		1,114,663		—			—			1,114,663
Impairment of inventory and investment in joint venture arrangements	—		3,638		—			—			3,638
General and administrative	—		77,662		15,546			—			93,208
Selling	—		95,092		—			—			95,092
Equity in income of joint venture arrangements	—		—		(498		)	—			(498		)
Interest	—		15,905		1,616			—			17,521
Loss on early extinguishment of debt	—		7,842		—			—			7,842
Total costs and expenses	—		1,314,802		16,664			—			1,331,466

Income before income taxes	—		67,618		19,311			—			86,929

Provision for income taxes	—		28,758		6,408			—			35,166

Equity in subsidiaries	51,763		—		—			(51,763		)	—

Net income	$	51,763	$	38,860	$	12,903		$	(51,763	)	$	51,763

Preferred dividends	4,875		—		—			—			4,875

Net income to common shareholders	$	46,888	$	38,860	$	12,903		$	(51,763	)	$	46,888



	Year Ended December 31, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated

Revenue	$	—	$	1,185,058	$	30,122		$	—		$	1,215,180
Costs and expenses:
Land and housing	—		958,991		—			—			958,991
Impairment of inventory and investment in joint venture arrangements	—		3,457		—			—			3,457
General and administrative	—		73,747		15,083			—			88,830
Selling	—		81,148		—			—			81,148
Equity in income of joint venture arrangements	—		—		(347		)	—			(347		)
Interest	—		11,926		1,439			—			13,365
Total costs and expenses	—		1,129,269		16,175			—			1,145,444

Income before income taxes	—		55,789		13,947			—			69,736

Provision for income taxes	—		14,341		4,606			—			18,947

Equity in subsidiaries	50,789		—		—			(50,789		)	—

Net income	$	50,789	$	41,448	$	9,341		$	(50,789	)	$	50,789

Preferred dividends	4,875		—		—			—			4,875

Net income to common shareholders	$	45,914	$	41,448	$	9,341		$	(50,789	)	$	45,914

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]



CONDENSED CONSOLIDATING BALANCE SHEET

	December 31, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated

ASSETS:
Cash and cash equivalents	$	—	$	20,927	$	13,514	$	—		$	34,441
Mortgage loans held for sale	—		—		154,020		—			154,020
Inventory	—		1,215,934		—		—			1,215,934
Property and equipment - net	—		21,242		1,057		—			22,299
Investment in joint venture arrangements	—		12,537		15,479		—			28,016
Investment in subsidiaries	666,008		—		—		(666,008		)	—
Deferred income taxes, net of valuation allowances	—		30,767		108		—			30,875
Intercompany assets	424,669		—		—		(424,669		)	—
Other assets	1,690		43,809		17,427		—			62,926
TOTAL ASSETS	$	1,092,367	$	1,345,216	$	201,605	$	(1,090,677	)	$	1,548,511

LIABILITIES AND SHAREHOLDERS’ EQUITY

LIABILITIES:
Accounts payable	$	—	$	102,663	$	549	$	—		$	103,212
Customer deposits	—		22,156		—		—			22,156
Intercompany liabilities	—		411,196		13,473		(424,669		)	—
Other liabilities	—		117,133		6,029		—			123,162
Community development district obligations	—		476		—		—			476
Obligation for consolidated inventory not owned	—		7,528		—		—			7,528
Notes payable bank - homebuilding operations	—		40,300		—		—			40,300
Notes payable bank - financial services operations	—		—		152,895		—			152,895
Notes payable - other	—		6,415		—		—			6,415
Convertible senior subordinated notes due 2017 - net	57,093		—		—		—			57,093
Convertible senior subordinated notes due 2018 - net	85,423		—		—		—			85,423
Senior notes due 2021 - net	295,677		—		—		—			295,677
TOTAL LIABILITIES	438,193		707,867		172,946		(424,669		)	894,337

Shareholders’ equity	654,174		637,349		28,659		(666,008		)	654,174

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,092,367	$	1,345,216	$	201,605	$	(1,090,677	)	$	1,548,511



CONDENSED CONSOLIDATING BALANCE SHEET

	December 31, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated

ASSETS:
Cash, cash equivalents and restricted cash ⁽¹⁾	$	—	$	2,896	$	18,156	$	(7,951	)	$	13,101
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 joint venture arrangements	—		17,425		19,542		—			36,967
Investment in subsidiaries	621,052		—		—		(621,052		)	—
Deferred income taxes, net of valuation allowances	—		67,255		149		—			67,404
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


(1)	During 2016, we elected to early-adopt Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Certain amounts above have been adjusted to apply the new method retrospectively.

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



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended December 31, 2016
(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	$	11,653		$	42,572		$	(8,375	)	$	(11,653	)	$	34,197

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(12,505		)	(601		)	—			(13,106		)
Intercompany investing	(6,960		)	—			—			6,960			—
Investments in and advances to joint venture arrangements	—			(13,764		)	(7,982		)	—			(21,746		)
Return of capital from joint venture arrangements	—			—			3,207			—			3,207
Net cash (used in) provided by investing activities	(6,960		)	(26,269		)	(5,376		)	6,960			(31,645		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			351,500			—			—			351,500
Principal repayments of bank borrowings - homebuilding operations	—			(355,000		)	—			—			(355,000		)
Net proceeds from bank borrowings - financial services operations	—			—			29,247			—			29,247
Principal repayments of notes payable - other and CDD bond obligations	—			(2,026		)	—			—			(2,026		)
Dividends paid	(4,875		)	—			(11,653		)	11,653			(4,875		)
Intercompany financing	—			7,407			(8,398		)	991			—
Debt issue costs	—			(153		)	(87		)	—			(240		)
Proceeds from exercise of stock options	182			—			—			—			182
Net cash (used in) provided by financing activities	(4,693		)	1,728			9,109			12,644			18,788

Net increase (decrease) in cash and cash equivalents	—			18,031			(4,642		)	7,951			21,340
Cash and cash equivalents balance at beginning of period	—			2,896			18,156			(7,951		)	13,101
Cash and cash equivalents balance at end of period	$	—		$	20,927		$	13,514		$	—		$	34,441



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2015
(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⁽¹⁾	$	7,178		$	(58,772	)	$	(23,593	)	$	(7,178	)	$	(82,365	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(3,156		)	(503		)	—			(3,659		)
Acquisition, net of cash acquired	—			(23,950		)	—			—			(23,950		)
Intercompany investing	(3,338		)	—			—			3,338			—
Investments in and advances to joint venture arrangements	—			(8,087		)	(10,075		)	—			(18,162		)
Return of capital from joint venture arrangements	—			—			1,226			—			1,226
Net proceeds from the sale of mortgage servicing rights	—			—			3,065			—			3,065
Net cash (used in) provided by investing activities ⁽¹⁾	(3,338		)	(35,193		)	(6,287		)	3,338			(41,480		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior notes	—			(226,874		)	—			—			(226,874		)
Proceeds from issuance of senior notes	—			300,000			—			—			300,000
Proceeds from bank borrowings - homebuilding operations	—			417,300			—			—			417,300
Principal repayments of bank borrowings - homebuilding operations	—			(403,500		)	—			—			(403,500		)
Net proceeds from bank borrowings - financial services operations	—			—			38,269			—			38,269
Principal repayments of notes payable - other and CDD bond obligations	—			(1,077		)	—			—			(1,077		)
Dividends paid	(4,875		)	—			(7,178		)	7,178			(4,875		)
Intercompany financing	—			5,929			5,360			(11,289		)	—
Debt issue costs	—			(5,740		)	(78		)	—			(5,818		)
Proceeds from exercise of stock options	1,035			—			—			—			1,035
Net cash (used in) provided by financing activities	(3,840		)	86,038			36,373			(4,111		)	114,460

Net (decrease) increase in cash and cash equivalents	—			(7,927		)	6,493			(7,951		)	(9,385		)
Cash and cash equivalents balance at beginning of period	—			10,823			11,663			—			22,486
Cash and cash equivalents balance at end of period	$	—		$	2,896		$	18,156		$	(7,951	)	$	13,101


(1)	During 2016, we elected to early-adopt Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Certain amounts above have been adjusted to apply the new method retrospectively.



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2014
(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 ⁽¹⁾	$	10,200		$	(143,501	)	$	10,997		$	(10,200	)	$	(132,504	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(2,793		)	(153		)	—			(2,946		)
Investments in and advances to joint venture arrangements	—			(14,435		)	(5,980		)	—			(20,415		)
Return of capital from joint venture arrangements	—			275			1,248			—			1,523
Intercompany investing	(7,269		)	—			—			7,269			—
Net proceeds from the sale of mortgage servicing rights	—			—			2,135			—			2,135
Net cash (used in) provided by investing activities⁽¹⁾	(7,269		)	(16,953		)	(2,750		)	7,269			(19,703		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			192,600			—			—			192,600
Principal repayments of bank borrowings - homebuilding operations	—			(162,600		)	—			—			(162,600		)
Net proceeds from bank borrowings - financial services operations	—			—			5,350			—			5,350
Principal proceeds from note payable - other and CDD bond obligations	—			1,728			—			—			1,728
Dividends paid	(4,875		)	—			(10,200		)	10,200			(4,875		)
Intercompany financing	—			14,244			(6,975		)	(7,269		)	—
Debt issue costs	—			(2,004		)	(77		)	—			(2,081		)
Proceeds from exercise of stock options	1,944			—			—			—			1,944
Net cash (used in) provided by financing activities	(2,931		)	43,968			(11,902		)	2,931			32,066

Net decrease in cash and cash equivalents	—			(116,486		)	(3,655		)	—			(120,141		)
Cash and cash equivalents balance at beginning of period	—			127,309			15,318			—			142,627
Cash and cash equivalents balance at end of period	$	—		$	10,823		$	11,663		$	—		$	22,486


(1)	During 2016, we elected to early-adopt Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Certain amounts above have been adjusted to apply the new method retrospectively.