Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Guarantor Information [Abstract]

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



UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME



	Three Months Ended March 31, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated

Revenue	$	—	$	392,673	$	14,307		$	—		$	406,980
Costs and expenses:
Land and housing	—		320,281		—			—			320,281
General and administrative	—		22,460		5,300			—			27,760
Selling	—		27,283		—			—			27,283
Equity in income of joint venture arrangements	—		—		(17		)	—			(17		)
Interest	—		4,670		668			—			5,338
Total costs and expenses	—		374,694		5,951			—			380,645

Income before income taxes	—		17,979		8,356			—			26,335

Provision for income taxes	—		6,489		2,963			—			9,452

Equity in subsidiaries	16,883		—		—			(16,883		)	—

Net income	16,883		11,490		5,393			(16,883		)	16,883

Preferred dividends	1,219		—		—			—			1,219

Net income to common shareholders	$	15,664	$	11,490	$	5,393		$	(16,883	)	$	15,664



	Three Months Ended March 31, 2016
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated

Revenue	$	—	$	314,317	$	10,053		$	—		$	324,370
Costs and expenses:
Land and housing	—		260,172		—			—			260,172
General and administrative	—		18,302		3,957			—			22,259
Selling	—		22,266		—			—			22,266
Equity in income of joint venture arrangements	—		—		(307		)	—			(307		)
Interest	—		4,881		384			—			5,265
Total costs and expenses	—		305,621		4,034			—			309,655

Income before income taxes	—		8,696		6,019			—			14,715

Provision for income taxes	—		3,444		2,082			—			5,526

Equity in subsidiaries	9,189		—		—			(9,189		)	—

Net income	9,189		5,252		3,937			(9,189		)	9,189

Preferred dividends	1,219		—		—			—			1,219

Net income to common shareholders	$	7,970	$	5,252	$	3,937		$	(9,189	)	$	7,970

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]



UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

	March 31, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated

ASSETS:
Cash,cash equivalents and restricted cash	$	—	$	15,158	$	23,740	$	—		$	38,898
Mortgage loans held for sale	—		—		113,596		—			113,596
Inventory	—		1,286,618		—		—			1,286,618
Property and equipment - net	—		21,298		1,040		—			22,338
Investment in joint venture arrangements	—		13,339		10,879		—			24,218
Deferred income taxes, net of valuation allowances	—		30,342		107		—			30,449
Investment in subsidiaries	682,691		—		—		(682,691		)	—
Intercompany assets	426,355		—		—		(426,355		)	—
Other assets	1,456		44,788		9,904		—			56,148
TOTAL ASSETS	$	1,110,502	$	1,411,543	$	159,266	$	(1,109,046	)	$	1,572,265

LIABILITIES AND SHAREHOLDERS’ EQUITY

LIABILITIES:
Accounts payable	$	—	$	94,129	$	274	$	—		$	94,403
Customer deposits	—		26,680		—		—			26,680
Intercompany liabilities	—		415,164		11,191		(426,355		)	—
Other liabilities	—		90,563		7,013		—			97,576
Community development district obligations	—		6,277		—		—			6,277
Obligation for consolidated inventory not owned	—		11,968		—		—			11,968
Notes payable bank - homebuilding operations	—		110,900		—		—			110,900
Notes payable bank - financial services operations	—		—		106,937		—			106,937
Notes payable - other	—		7,022		—		—			7,022
Convertible senior subordinated notes due 2017 - net	57,237		—		—		—			57,237
Convertible senior subordinated notes due 2018 - net	85,600		—		—		—			85,600
Senior notes due 2021 - net	295,953		—		—		—			295,953
TOTAL LIABILITIES	438,790		762,703		125,415		(426,355		)	900,553

SHAREHOLDERS’ EQUITY	671,712		648,840		33,851		(682,691		)	671,712

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,110,502	$	1,411,543	$	159,266	$	(1,109,046	)	$	1,572,265



CONDENSED CONSOLIDATING BALANCE SHEET

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

ASSETS:
Cash,cash equivalents and restricted cash	$	—	$	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
Deferred income taxes, net of valuation allowances	—		30,767		108		—			30,875
Investment in subsidiaries	666,008		—		—		(666,008		)	—
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

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



UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Three Months Ended March 31, 2017
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated

OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	200		$	(77,003	)	$	53,728		$	(200	)	$	(23,275	)

INVESTING ACTIVITIES:
Purchase of property and equipment	—			(932		)	(61		)	—			(993		)
Intercompany investing	523			—			—			(523		)	—
Investments in and advances to joint venture arrangements	—			(857		)	(2,340		)	—			(3,197		)
Net proceeds from the sale of mortgage servicing rights	—			—			7,396			—			7,396
Net cash provided by (used in) investing activities	523			(1,789		)	4,995			(523		)	3,206

FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			162,000			—			—			162,000
Principal repayments of bank borrowings - homebuilding operations	—			(91,400		)	—			—			(91,400		)
Net repayments of bank borrowings - financial services operations	—			—			(45,958		)	—			(45,958		)
Principal proceeds from notes payable - other and CDD bond obligations	—			607			—			—			607
Proceeds from exercise of stock options	496			—			—			—			496
Intercompany financing	—			1,816			(2,339		)	523			—
Dividends paid	(1,219		)	—			(200		)	200			(1,219		)
Net cash (used in) provided by financing activities	(723		)	73,023			(48,497		)	723			24,526

Net (decrease) increase in cash, cash equivalents and restricted cash	—			(5,769		)	10,226			—			4,457
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	$	—		$	15,158		$	23,740		$	—		$	38,898



	Three Months Ended March 31, 2016
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated

OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities ⁽¹⁾	$	3,200		$	(38,803	)	$	40,218		$	(3,200	)	$	1,415

INVESTING ACTIVITIES:
Purchase of property and equipment	—			(10,686		)	(20		)	—			(10,706		)
Intercompany Investing	(2,054		)	—			—			2,054			—
Investments in and advances to joint venture arrangements	—			(1,502		)	(1,344		)	—			(2,846		)
Net cash (used in) provided by investing activities⁽¹⁾	(2,054		)	(12,188		)	(1,364		)	2,054			(13,552		)

FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			154,100			—			—			154,100
Principal repayments of bank borrowings - homebuilding operations	—			(83,400		)	—			—			(83,400		)
Net repayments of bank borrowings - financial services operations	—			—			(36,462		)	—			(36,462		)
Principal proceeds from notes payable - other and CDD bond obligations	—			364			—			—			364
Intercompany financing	—			(406		)	(5,491		)	5,897			—
Dividends paid	(1,219		)	—			(3,200		)	3,200			(1,219		)
Debt issue costs	—			(99		)	—			—			(99		)
Proceeds from exercise of stock options	73			—			—			—			73
Net cash (used in) provided by financing activities	(1,146		)	70,559			(45,153		)	9,097			33,357

Net increase (decrease) in cash, cash equivalents and restricted cash	—			19,568			(6,299		)	7,951			21,220
Cash, cash equivalents and restricted cash balance at beginning of period	—			2,896			18,156			(7,951		)	13,101
Cash, cash equivalents and restricted cash balance at end of period	$	—		$	22,464		$	11,857		$	—		$	34,321


(1)	During the fourth quarter of 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.