Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	422,831	$	15,026		$	—		$	437,857
Costs and expenses:
Land and housing	—		348,702		—			—			348,702
General and administrative	—		22,171		5,780			—			27,951
Selling	—		30,063		—			—			30,063
Acquisition and integration costs	—		1,700		—			—			1,700
Equity in income of joint venture arrangements	—		—		(310		)	—			(310		)
Interest	—		5,108		770			—			5,878
Total costs and expenses	—		407,744		6,240			—			413,984
Income before income taxes	—		15,087		8,786			—			23,873
Provision for income taxes	—		3,906		1,904			—			5,810
Equity in subsidiaries	18,063		—		—			(18,063		)	—
Net income	$	18,063	$	11,181	$	6,882		$	(18,063	)	$	18,063

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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	March 31, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	30,416	$	23,161	$	—		$	53,577
Mortgage loans held for sale	—		—		110,612		—			110,612
Inventory	—		1,580,344		—		—			1,580,344
Property and equipment - net	—		24,915		957		—			25,872
Investment in joint venture arrangements	—		14,784		7,282		—			22,066
Deferred income tax asset	—		18,104		—		—			18,104
Investment in subsidiaries	737,821		—		—		(737,821		)	—
Intercompany assets	588,850		—		—		(588,850		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	2,931		56,700		7,767		—			67,398
TOTAL ASSETS	$	1,329,602	$	1,741,663	$	149,779	$	(1,326,671	)	$	1,894,373
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	118,482	$	357	$	—		$	118,839
Customer deposits	—		37,454		—		—			37,454
Intercompany liabilities	—		581,356		7,494		(588,850		)	—
Other liabilities	—		97,363		5,395		—			102,758
Community development district obligations	—		12,499		—		—			12,499
Obligation for consolidated inventory not owned	—		18,199		—		—			18,199
Notes payable bank - homebuilding operations	—		162,300		—		—			162,300
Notes payable bank - financial services operations	—		—		102,711		—			102,711
Notes payable - other	—		10,011		—		—			10,011
Senior notes due 2021 - net	297,056		—		—		—			297,056
Senior notes due 2025 - net	246,181		—		—		—			246,181
TOTAL LIABILITIES	543,237		1,037,664		115,957		(588,850		)	1,108,008
SHAREHOLDERS’ EQUITY	786,365		703,999		33,822		(737,821		)	786,365
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,329,602	$	1,741,663	$	149,779	$	(1,326,671	)	$	1,894,373

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
Deferred income tax asset	—		18,438		—		—			18,438
Investment in subsidiaries	722,508		—		—		(722,508		)	—
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

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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Three Months Ended March 31, 2018
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	2,750		$	(96,116	)	$	64,926		$	(2,750	)	$	(31,190	)
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(95		)	(35		)	—			(130		)
Acquisition	—			(100,763		)	—			—			(100,763		)
Intercompany investing	(3,176		)	—			—			3,176			—
Investments in and advances to joint venture arrangements	—			(1,327		)	(563		)	—			(1,890		)
Net proceeds from the sale of mortgage servicing rights	—			—			5,111			—			5,111
Net cash (used in) provided by investing activities	(3,176		)	(102,185		)	4,513			3,176			(97,672		)
FINANCING ACTIVITIES:
Repayment of convertible senior subordinated notes due 2018	—			(65,941		)	—			—			(65,941		)
Proceeds from bank borrowings - homebuilding operations	—			233,500			—			—			233,500
Principal repayments of bank borrowings - homebuilding operations	—			(71,200		)	—			—			(71,200		)
Net repayments of bank borrowings - financial services operations	—			—			(65,484		)	—			(65,484		)
Principal repayment of notes payable - other and CDD bond obligations	—			(565		)	—			—			(565		)
Proceeds from exercise of stock options	426			—			—			—			426
Intercompany financing	—			1,401			1,775			(3,176		)	—
Dividends paid	—			—			(2,750		)	2,750			—
Net cash provided by (used in) financing activities	426			97,195			(66,459		)	(426		)	30,736
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(101,106		)	2,980			—			(98,126		)
Cash, cash equivalents and restricted cash balance at beginning of period	—			131,522			20,181			—			151,703
Cash, cash equivalents and restricted cash balance at end of period	$	—		$	30,416		$	23,161		$	—		$	53,577

	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		)
Proceeds from notes payable - other and CDD bond obligations	—			607			—			—			607
Intercompany financing	—			1,816			(2,339		)	523			—
Dividends paid	(1,219		)	—			(200		)	200			(1,219		)
Proceeds from exercise of stock options	496			—			—			—			496
Net cash (used in) provided by financing activities	(723		)	73,023			(48,497		)	723			24,526
Net increase (decrease) 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