Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 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 September 30, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	555,649	$	12,193		$	—		$	567,842
Costs and expenses:
Land and housing	—		452,029		—			—			452,029
General and administrative	—		30,180		6,717			—			36,897
Selling	—		35,054		—			—			35,054
Equity in income from joint venture arrangements	—		—		(44		)	—			(44		)
Interest	—		3,592		834			—			4,426
Total costs and expenses	—		520,855		7,507			—			528,362
Income before income taxes	—		34,794		4,686			—			39,480
Provision for income taxes	—		9,253		945			—			10,198
Equity in subsidiaries	29,282		—		—			(29,282		)	—
Net income	$	29,282	$	25,541	$	3,741		$	(29,282	)	$	29,282

	Three Months Ended September 30, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	464,660	$	11,763		$	—		$	476,423
Costs and expenses:
Land and housing	—		374,673		—			—			374,673
General and administrative	—		25,263		6,074			—			31,337
Selling	—		31,136		—			—			31,136
Equity in income from joint venture arrangements	—		—		(71		)	—			(71		)
Interest	—		4,019		656			—			4,675
Total costs and expenses	—		435,091		6,659			—			441,750
Income before income taxes	—		29,569		5,104			—			34,673
Provision for income taxes	—		10,672		1,674			—			12,346
Equity in subsidiaries	22,327		—		—			(22,327		)	—
Net income	22,327		18,897		3,430			(22,327		)	22,327
Preferred dividends	1,218		—		—			—			1,218
Excess of fair value over book value of preferred shares subject to redemption	2,257		—		—			—			2,257
Net income available to common shareholders	$	18,852	$	18,897	$	3,430		$	(22,327	)	$	18,852

	Nine Months Ended September 30, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	1,524,702	$	39,095		$	—		$	1,563,797
Costs and expenses:
Land and housing	—		1,250,067		—			—			1,250,067
General and administrative	—		80,921		18,593			—			99,514
Selling	—		100,708		—			—			100,708
Acquisition and integration costs	—		1,700		—			—			1,700
Equity in income from joint venture arrangements	—		—		(268		)	—			(268		)
Interest	—		12,893		2,299			—			15,192
Total costs and expenses	—		1,446,289		20,624			—			1,466,913
Income before income taxes	—		78,413		18,471			—			96,884
Provision for income taxes	—		17,711		3,917			—			21,628
Equity in subsidiaries	75,256		—		—			(75,256		)	—
Net income	$	75,256	$	60,702	$	14,554		$	(75,256	)	$	75,256

	Nine Months Ended September 30, 2017
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	1,302,331	$	37,938		$	—		$	1,340,269
Costs and expenses:
Land and housing	—		1,062,552		—			—			1,062,552
General and administrative	—		72,638		16,571			—			89,209
Selling	—		88,666		—			—			88,666
Equity in income from joint venture arrangements	—		—		(198		)	—			(198		)
Interest	—		11,858		1,989			—			13,847
Total costs and expenses	—		1,235,714		18,362			—			1,254,076
Income before income taxes	—		66,617		19,576			—			86,193
Provision for income taxes	—		23,407		6,587			—			29,994
Equity in subsidiaries	56,199		—		—			(56,199		)	—
Net income	56,199		43,210		12,989			(56,199		)	56,199
Preferred dividends	3,656		—		—			—			3,656
Excess of fair value over book value of preferred shares redeemed	2,257		—		—			—			2,257
Net income available to common shareholders	$	50,286	$	43,210	$	12,989		$	(56,199	)	$	50,286

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	September 30, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	21,494	$	14,866	$	—		$	36,360
Mortgage loans held for sale	—		—		115,189		—			115,189
Inventory	—		1,751,525		—		—			1,751,525
Property and equipment - net	—		27,715		976		—			28,691
Investment in joint venture arrangements	—		22,073		2,495		—			24,568
Deferred income tax asset	—		16,925		—		—			16,925
Investment in subsidiaries	786,063		—		—		(786,063		)	—
Intercompany assets	590,635		—		—		(590,635		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	2,555		56,215		9,907		—			68,677
TOTAL ASSETS	$	1,379,253	$	1,912,347	$	143,433	$	(1,376,698	)	$	2,058,335
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	147,435	$	986	$	—		$	148,421
Customer deposits	—		40,448		—		—			40,448
Intercompany liabilities	—		589,507		1,128		(590,635		)	—
Other liabilities	—		111,902		4,749		—			116,651
Community development district obligations	—		16,101		—		—			16,101
Obligation for consolidated inventory not owned	—		21,897		—		—			21,897
Notes payable bank - homebuilding operations	—		222,700		—		—			222,700
Notes payable bank - financial services operations	—		—		104,026		—			104,026
Notes payable - other	—		8,838		—		—			8,838
Senior notes due 2021 - net	297,608		—		—		—			297,608
Senior notes due 2025 - net	246,441		—		—		—			246,441
TOTAL LIABILITIES	544,049		1,158,828		110,889		(590,635		)	1,223,131
SHAREHOLDERS’ EQUITY	835,204		753,519		32,544		(786,063		)	835,204
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,379,253	$	1,912,347	$	143,433	$	(1,376,698	)	$	2,058,335

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
	Nine Months Ended September 30, 2018
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	11,700		$	(144,828	)	$	70,933		$	(11,700	)	$	(73,895	)
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(5,636		)	(230		)	—			(5,866		)
Acquisition	—			(100,960		)	—			—			(100,960		)
Intercompany investing	(1,041		)	—			—			1,041			—
Investments in and advances to joint venture arrangements	—			(19,412		)	(1,075		)	—			(20,487		)
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	(1,041		)	(126,008		)	4,482			1,041			(121,526		)
FINANCING ACTIVITIES:
Repayment of convertible senior subordinated notes due 2018	—			(65,941		)	—			—			(65,941		)
Proceeds from bank borrowings - homebuilding operations	—			519,900			—			—			519,900
Principal repayments of bank borrowings - homebuilding operations	—			(297,200		)	—			—			(297,200		)
Net repayments of bank borrowings - financial services operations	—			—			(64,169		)	—			(64,169		)
Principal repayment of notes payable - other and CDD bond obligations	—			(1,738		)	—			—			(1,738		)
Proceeds from exercise of stock options	426			—			—			—			426
Intercompany financing	—			5,862			(4,821		)	(1,041		)	—
Repurchase of common shares	(11,085		)	—			—			—			(11,085		)
Dividends paid	—			—			(11,700		)	11,700			—
Debt issue costs	—			(75		)	(40		)	—			(115		)
Net cash (used in) provided by financing activities	(10,659		)	160,808			(80,730		)	10,659			80,078
Net decrease in cash, cash equivalents and restricted cash	—			(110,028		)	(5,315		)	—			(115,343		)
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	$	—		$	21,494		$	14,866		$	—		$	36,360

	Nine Months Ended September 30, 2017
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	12,031		$	(152,148	)	$	86,123		$	(12,031	)	$	(66,025	)
INVESTING ACTIVITIES:
Purchase of property and equipment	—			(5,848		)	(169		)	—			(6,017		)
Intercompany Investing	(13,166		)	—			—			13,166			—
Investments in and advances to joint venture arrangements	—			(3,401		)	(5,038		)	—			(8,439		)
Return of capital from unconsolidated joint ventures	—			—			1,833			—			1,833
Net proceeds from the sale of mortgage servicing rights	—			—			7,558			—			7,558
Net cash (used in) provided by investing activities	(13,166		)	(9,249		)	4,184			13,166			(5,065		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			366,500			—			—			366,500
Principal repayments of bank borrowings - homebuilding operations	—			(406,800		)	—			—			(406,800		)
Net repayments of bank borrowings - financial services operations	—			—			(61,620		)	—			(61,620		)
Principal repayments of notes payable - other and CDD bond obligations	—			(2,358		)	—			—			(2,358		)
Proceeds from issuance of senior notes	—			250,000			—			—			250,000
Intercompany financing	—			22,141			(8,975		)	(13,166		)	—
Dividends paid	(3,656		)	—			(12,031		)	12,031			(3,656		)
Debt issue costs	—			(6,509		)	(63		)	—			(6,572		)
Proceeds from exercise of stock options	4,791			—			—			—			4,791
Net cash provided by (used in) financing activities	1,135			222,974			(82,689		)	(1,135		)	140,285
Net increase in cash, cash equivalents and restricted cash	—			61,577			7,618			—			69,195
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	$	—		$	82,504		$	21,132		$	—		$	103,636