Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2017

Supplemental Guarantor Information [Abstract]

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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended June 30, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	444,998	$	11,868		$	—		$	456,866
Costs and expenses:
Land and housing	—		367,598		—			—			367,598
General and administrative	—		24,915		5,197			—			30,112
Selling	—		30,247		—			—			30,247
Equity in income of joint venture arrangements	—		—		(110		)	—			(110		)
Interest	—		3,169		665			—			3,834
Total costs and expenses	—		425,929		5,752			—			431,681
Income before income taxes	—		19,069		6,116			—			25,185
Provision for income taxes	—		6,246		1,950			—			8,196
Equity in subsidiaries	16,989		—		—			(16,989		)	—
Net income	16,989		12,823		4,166			(16,989		)	16,989
Preferred dividends	1,219		—		—			—			1,219
Net income to common shareholders	$	15,770	$	12,823	$	4,166		$	(16,989	)	$	15,770

	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 joint venture arrangements	—		—		(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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Six Months Ended June 30, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	837,671	$	26,175		$	—		$	863,846
Costs and expenses:
Land and housing	—		687,879		—			—			687,879
General and administrative	—		47,375		10,497						57,872
Selling	—		57,530		—			—			57,530
Equity in income of joint venture arrangements	—		—		(127		)	—			(127		)
Interest	—		7,839		1,333			—			9,172
Total costs and expenses	—		800,623		11,703			—			812,326
Income before income taxes	—		37,048		14,472			—			51,520
Provision for income taxes	—		12,735		4,913			—			17,648
Equity in subsidiaries	33,872		—		—			(33,872		)	—
Net income	33,872		24,313		9,559			(33,872		)	33,872
Preferred dividends	2,438		—		—			—			2,438
Net income to common shareholders	$	31,434	$	24,313	$	9,559		$	(33,872	)	$	31,434

	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 joint venture arrangements	—		—		(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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	6,095	$	23,845	$	—		$	29,940
Mortgage loans held for sale	—		—		91,986		—			91,986
Inventory	—		1,379,544		—		—			1,379,544
Property and equipment - net	—		21,264		991		—			22,255
Investment in joint venture arrangements	—		14,627		8,250		—			22,877
Deferred income taxes, net of valuation allowances	—		29,971		107		—			30,078
Investment in subsidiaries	694,380		—		—		(694,380		)	—
Intercompany assets	437,100		—		—		(437,100		)	—
Other assets	1,223		44,030		9,453		—			54,706
TOTAL ASSETS	$	1,132,703	$	1,495,531	$	134,632	$	(1,131,480	)	$	1,631,386
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	112,702	$	370	$	—		$	113,072
Customer deposits	—		29,655		—		—			29,655
Intercompany liabilities	—		430,472		6,628		(437,100		)	—
Other liabilities	—		101,238		5,399		—			106,637
Community development district obligations	—		5,875		—		—			5,875
Obligation for consolidated inventory not owned	—		12,263		—		—			12,263
Notes payable bank - homebuilding operations	—		138,000		—		—			138,000
Notes payable bank - financial services operations	—		—		89,518		—			89,518
Notes payable - other	—		3,663		—		—			3,663
Convertible senior subordinated notes due 2017 - net	57,380		—		—		—			57,380
Convertible senior subordinated notes due 2018 - net	85,777		—		—		—			85,777
Senior notes due 2021 - net	296,229		—		—		—			296,229
TOTAL LIABILITIES	439,386		833,868		101,915		(437,100		)	938,069
SHAREHOLDERS’ EQUITY	693,317		661,663		32,717		(694,380		)	693,317
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,132,703	$	1,495,531	$	134,632	$	(1,131,480	)	$	1,631,386

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
	Six Months Ended June 30, 2017
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	5,500		$	(120,894	)	$	81,574		$	(5,500	)	$	(39,320	)
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(1,785		)	(87		)	—			(1,872		)
Intercompany investing	(7,854		)	—			—			7,854			—
Investments in and advances to joint venture arrangements	—			(2,128		)	(3,679		)	—			(5,807		)
Return of capital from unconsolidated joint ventures	—			—			1,078			—			1,078
Net proceeds from the sale of mortgage servicing rights	—			—			7,558			—			7,558
Net cash (used in) provided by investing activities	(7,854		)	(3,913		)	4,870			7,854			957
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			289,400			—			—			289,400
Principal repayments of bank borrowings - homebuilding operations	—			(191,700		)	—			—			(191,700		)
Net repayments of bank borrowings - financial services operations	—			—			(63,377		)	—			(63,377		)
Principal proceeds from notes payable - other and CDD bond obligations	—			(2,752		)	—			—			(2,752		)
Proceeds from exercise of stock options	4,792			—			—			—			4,792
Intercompany financing	—			15,027			(7,173		)	(7,854		)	—
Dividends paid	(2,438		)	—			(5,500		)	5,500			(2,438		)
Debt issue costs	—			—			(63		)	—			(63		)
Net cash provided by (used in) financing activities	2,354			109,975			(76,113		)	(2,354		)	33,862
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(14,832		)	10,331			—			(4,501		)
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	$	—		$	6,095		$	23,845		$	—		$	29,940

	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 (1)	$	4,938		$	2,523		$	38,416		$	(4,938	)	$	40,939
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(10,996		)	(33		)	—			(11,029		)
Intercompany Investing	(2,573		)	—			—			2,573			—
Investments in and advances to joint venture arrangements	—			(3,525		)	(2,257		)	—			(5,782		)
Net cash (used in) provided by investing activities (1)	(2,573		)	(14,521		)	(2,290		)	2,573			(16,811		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			192,200			—			—			192,200
Principal repayments of bank borrowings - homebuilding operations	—			(166,000		)	—			—			(166,000		)
Net repayments of bank borrowings - financial services operations	—			—			(30,982		)	—			(30,982		)
Principal proceeds from notes payable - other and CDD bond obligations	—			111			—			—			111
Intercompany financing	—			15			(5,393		)	5,378			—
Dividends paid	(2,438		)	—			(4,938		)	4,938			(2,438		)
Debt issue costs	—			(153		)	(40		)	—			(193		)
Proceeds from exercise of stock options	73			—			—			—			73
Net cash (used in) provided by financing activities	(2,365		)	26,173			(41,353		)	10,316			(7,229		)
Net increase (decrease) in cash, cash equivalents and restricted cash	—			14,175			(5,227		)	7,951			16,899
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	$	—		$	17,071		$	12,929		$	—		$	30,000

(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.