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Supplemental Guarantor Information Supplemental Guarantor Information (Tables)
12 Months Ended
Dec. 31, 2017
Supplemental Guarantor Information [Abstract]  
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block]
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
 
 
 
 
 
Year Ended December 31, 2017
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Unrestricted Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
Revenue
 
$

$
1,912,278

$
49,693

$

$
1,961,971

Costs and expenses:
 
 
 
 
 
 
Land and housing
 

1,561,022



1,561,022

Impairment of inventory and investment in joint venture arrangements
 

7,681



7,681

General and administrative
 

103,094

23,188


126,282

Selling
 

128,327



128,327

Equity in income of joint venture arrangements
 


(539
)

(539
)
Interest
 

16,117

2,757


18,874

Total costs and expenses
 

1,816,241

25,406


1,841,647

 
 
 
 
 
 
 
Income before income taxes
 

96,037

24,287


120,324

 
 
 
 
 
 
 
Provision for income taxes
 

40,570

7,673


48,243

 
 
 
 
 
 
 
Equity in subsidiaries
 
72,081



(72,081
)

 
 
 
 
 
 
 
Net income
 
$
72,081

$
55,467

$
16,614

$
(72,081
)
$
72,081

 
 
 
 
 
 
 
Preferred dividends
 
3,656




3,656

Excess of fair value over book value of preferred shares redeemed
 
2,257




2,257

 
 
 
 
 
 
 
Net income to common shareholders
 
$
66,168

$
55,467

$
16,614

$
(72,081
)
$
66,168















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


 
 
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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]
CONDENSED CONSOLIDATING BALANCE SHEET
 
 
 
 
 
 
 
 
 
December 31, 2017
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Unrestricted Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
ASSETS:
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$

$
131,522

$
20,181

$

$
151,703

Mortgage loans held for sale
 


171,580


171,580

Inventory
 

1,414,574



1,414,574

Property and equipment - net
 

25,815

1,001


26,816

Investment in joint venture arrangements
 

13,930

6,595


20,525

Investment in subsidiaries
 
722,508



(722,508
)

Deferred income taxes, net of valuation allowances
 

18,438



18,438

Intercompany assets
 
650,599



(650,599
)

Other assets
 
3,154

48,430

9,551


61,135

TOTAL ASSETS
 
$
1,376,261

$
1,652,709

$
208,908

$
(1,373,107
)
$
1,864,771

 
 
 
 
 
 

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 

 
 
 
 
 
 

LIABILITIES:
 
 
 
 
 

Accounts payable
 
$

$
116,773

$
460

$

$
117,233

Customer deposits
 

26,378



26,378

Intercompany liabilities
 

645,048

5,551

(650,599
)

Other liabilities
 

126,522

5,012


131,534

Community development district obligations
 

13,049



13,049

Obligation for consolidated inventory not owned
 

21,545



21,545

Notes payable bank - financial services operations
 


168,195


168,195

Notes payable - other
 

10,576



10,576

Convertible senior subordinated notes due 2018 - net
 
86,132




86,132

Senior notes due 2021 - net
 
296,780




296,780

Senior notes due 2025 - net
 
246,051




246,051

TOTAL LIABILITIES
 
628,963

959,891

179,218

(650,599
)
1,117,473

 
 
 
 
 
 
 
Shareholders’ equity
 
747,298

692,818

29,690

(722,508
)
747,298

 
 
 
 
 
 
 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
 
$
1,376,261

$
1,652,709

$
208,908

$
(1,373,107
)
$
1,864,771


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

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



Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block]
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2017
(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
 
$
15,581

$
(63,922
)
$
11,392

$
(15,581
)
$
(52,530
)
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
Purchase of property and equipment
 

(8,535
)
(264
)

(8,799
)
Net proceeds from the sale of mortgage servicing rights
 


7,558


7,558

Intercompany investing
 
27,270



(27,270
)

Investments in and advances to joint venture arrangements
 

(6,117
)
(5,971
)

(12,088
)
Return of capital from joint venture arrangements
 


3,518


3,518

Net cash provided by (used in) investing activities
 
27,270

(14,652
)
4,841

(27,270
)
(9,811
)
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
Proceeds from issuance of senior notes
 

250,000



250,000

Proceeds from bank borrowings - homebuilding operations
 

398,300



398,300

Repayments of bank borrowings - homebuilding operations
 

(438,600
)


(438,600
)
Net proceeds from bank borrowings - financial services operations
 


15,300


15,300

Proceeds from notes payable - other and CDD bond obligations
 

4,161



4,161

Dividends paid
 
(3,656
)

(15,581
)
15,581

(3,656
)
Redemption of preferred shares
 
(50,420
)



(50,420
)
Intercompany financing
 

(18,143
)
(9,127
)
27,270


Debt issue costs
 

(6,549
)
(158
)

(6,707
)
Proceeds from exercise of stock options
 
11,225




11,225

Net cash (used in) provided by financing activities
 
(42,851
)
189,169

(9,566
)
42,851

179,603

 
 
 
 
 
 
 
Net increase (decrease) in cash, cash equivalents and restricted cash
 

110,595

6,667


117,262

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
 
$

$
131,522

$
20,181

$

$
151,703

CONDENSED CONSOLIDATING STATEMENT 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

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, cash equivalents and restricted cash
 

18,031

(4,642
)
7,951

21,340

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
 
$

$
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
 
$
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
)
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

Intercompany investing
 
(3,338
)


3,338


Net proceeds from the sale of mortgage servicing rights
 


3,065


3,065

Net cash (used in) provided by investing activities
 
(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

Repayments of bank borrowings - homebuilding operations
 

(403,500
)


(403,500
)
Net proceeds from bank borrowings - financial services operations
 


38,269


38,269

Proceeds from note 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, cash equivalents and restricted cash
 

(7,927
)
6,493

(7,951
)
(9,385
)
Cash, cash equivalents and restricted cash balance at beginning of period
 

10,823

11,663


22,486

Cash, cash equivalents and restricted cash balance at end of period
 
$

$
2,896

$
18,156

$
(7,951
)
$
13,101