Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	546,222	$	11,876	$	—		$	558,098
Costs and expenses:
Land and housing	—		449,336		—		—			449,336
General and administrative	—		28,570		6,096		—			34,666
Selling	—		35,591		—		—			35,591
Equity in loss from joint venture arrangements	—		—		86		—			86
Interest	—		4,193		695		—			4,888
Total costs and expenses	—		517,690		6,877		—			524,567
Income before income taxes	—		28,532		4,999		—			33,531
Provision for income taxes	—		4,552		1,068		—			5,620
Equity in subsidiaries	27,911		—		—		(27,911		)	—
Net income	$	27,911	$	23,980	$	3,931	$	(27,911	)	$	27,911

	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 from 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 available to common shareholders	$	15,770	$	12,823	$	4,166		$	(16,989	)	$	15,770

	Six Months Ended June 30, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	969,053	$	26,902		$	—		$	995,955
Costs and expenses:
Land and housing	—		798,038		—			—			798,038
General and administrative	—		50,741		11,876			—			62,617
Selling	—		65,654		—			—			65,654
Acquisition and integration costs	—		1,700		—			—			1,700
Equity in income from joint venture arrangements	—		—		(224		)	—			(224		)
Interest	—		9,301		1,465			—			10,766
Total costs and expenses	—		925,434		13,117			—			938,551
Income before income taxes	—		43,619		13,785			—			57,404
Provision for income taxes	—		8,458		2,972			—			11,430
Equity in subsidiaries	45,974		—		—			(45,974		)	—
Net income	$	45,974	$	35,161	$	10,813		$	(45,974	)	$	45,974

	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 from 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 available to common shareholders	$	31,434	$	24,313	$	9,559		$	(33,872	)	$	31,434

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	50,673	$	17,144	$	—		$	67,817
Mortgage loans held for sale	—		—		108,000		—			108,000
Inventory	—		1,652,468		—		—			1,652,468
Property and equipment - net	—		27,879		1,006		—			28,885
Investment in joint venture arrangements	—		11,541		2,212		—			13,753
Deferred income tax asset	—		17,528		—		—			17,528
Investment in subsidiaries	762,731		—		—		(762,731		)	—
Intercompany assets	594,094		—		—		(594,094		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	2,784		53,935		8,970		—			65,689
TOTAL ASSETS	$	1,359,609	$	1,830,424	$	137,332	$	(1,356,825	)	$	1,970,540
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	140,663	$	828	$	—		$	141,491
Customer deposits	—		41,510		—		—			41,510
Intercompany liabilities	—		590,943		3,151		(594,094		)	—
Other liabilities	—		111,585		5,437		—			117,022
Community development district obligations	—		11,789		—		—			11,789
Obligation for consolidated inventory not owned	—		14,794		—		—			14,794
Notes payable bank - homebuilding operations	—		181,800		—		—			181,800
Notes payable bank - financial services operations	—		—		93,163		—			93,163
Notes payable - other	—		9,362		—		—			9,362
Senior notes due 2021 - net	297,332		—		—		—			297,332
Senior notes due 2025 - net	246,311		—		—		—			246,311
TOTAL LIABILITIES	543,643		1,102,446		102,579		(594,094		)	1,154,574
SHAREHOLDERS’ EQUITY	815,966		727,978		34,753		(762,731		)	815,966
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,359,609	$	1,830,424	$	137,332	$	(1,356,825	)	$	1,970,540

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
	Six Months Ended June 30, 2018
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	5,750		$	(95,387	)	$	75,686		$	(5,750	)	$	(19,701	)
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(4,449		)	(166		)	—			(4,615		)
Acquisition	—			(100,960		)	—			—			(100,960		)
Intercompany investing	(6,176		)	—			—			6,176			—
Investments in and advances to joint venture arrangements	—			(3,485		)	(836		)	—			(4,321		)
Return of capital from unconsolidated joint ventures	—			—			676			—			676
Net proceeds from the sale of mortgage servicing rights	—			—			5,111			—			5,111
Net cash (used in) provided by investing activities	(6,176		)	(108,894		)	4,785			6,176			(104,109		)
FINANCING ACTIVITIES:
Repayment of convertible senior subordinated notes due 2018	—			(65,941		)	—			—			(65,941		)
Proceeds from bank borrowings - homebuilding operations	—			353,900			—			—			353,900
Principal repayments of bank borrowings - homebuilding operations	—			(172,100		)	—			—			(172,100		)
Net repayments of bank borrowings - financial services operations	—			—			(75,032		)	—			(75,032		)
Principal repayment of notes payable - other and CDD bond obligations	—			(1,214		)	—			—			(1,214		)
Proceeds from exercise of stock options	426			—			—			—			426
Intercompany financing	—			8,862			(2,686		)	(6,176		)	—
Dividends paid	—			—			(5,750		)	5,750			—
Debt issue costs	—			(75		)	(40		)	—			(115		)
Net cash provided by (used in) financing activities	426			123,432			(83,508		)	(426		)	39,924
Net decrease in cash, cash equivalents and restricted cash	—			(80,849		)	(3,037		)	—			(83,886		)
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	$	—		$	50,673		$	17,144		$	—		$	67,817

	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		)
Proceeds from notes payable - other and CDD bond obligations	—			(2,752		)	—			—			(2,752		)
Intercompany financing	—			15,027			(7,173		)	(7,854		)	—
Dividends paid	(2,438		)	—			(5,500		)	5,500			(2,438		)
Debt issue costs	—			—			(63		)	—			(63		)
Proceeds from exercise of stock options	4,792			—			—			—			4,792
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