Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	469,326	$	11,783	$	—		$	481,109
Costs and expenses:
Land and housing	—		388,467		—		—			388,467
General and administrative	—		24,433		6,266		—			30,699
Selling	—		31,551		—		—			31,551
Equity in loss from joint venture arrangements	—		—		121		—			121
Interest	—		6,049		743		—			6,792
Total costs and expenses	—		450,500		7,130		—			457,630
Income before income taxes	—		18,826		4,653		—			23,479
Provision for income taxes	—		4,755		1,001		—			5,756
Equity in subsidiaries	17,723		—		—		(17,723		)	—
Net income	$	17,723	$	14,071	$	3,652	$	(17,723	)	$	17,723

	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 from 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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	March 31, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	26,882	$	15,049	$	—		$	41,931
Mortgage loans held for sale	—		—		119,665		—			119,665
Inventory	—		1,730,788		—		—			1,730,788
Property and equipment - net	—		27,536		856		—			28,392
Investment in joint venture arrangements	—		38,209		2,527		—			40,736
Operating lease right-of-use assets	—		17,174		3,429		—			20,603
Deferred income tax asset	—		13,146		—		—			13,146
Investment in subsidiaries	831,528		—		—		(831,528		)	—
Intercompany assets	582,698		—		—		(582,698		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	2,098		47,521		10,498		—			60,117
TOTAL ASSETS	$	1,416,324	$	1,917,656	$	152,024	$	(1,414,226	)	$	2,071,778
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	132,645	$	290	$	—		$	132,935
Customer deposits	—		36,336		—		—			36,336
Operating lease liabilities	—		17,174		3,429		—			20,603
Intercompany liabilities	—		579,402		3,296		(582,698		)	—
Other liabilities	—		103,768		5,401		—			109,169
Community development district obligations	—		11,728		—		—			11,728
Obligation for consolidated inventory not owned	—		15,920		—		—			15,920
Notes payable bank - homebuilding operations	—		218,800		—		—			218,800
Notes payable bank - financial services operations	—		—		104,026		—			104,026
Notes payable - other	—		5,937		—		—			5,937
Senior notes due 2021 - net	298,160		—		—		—			298,160
Senior notes due 2025 - net	246,702		—		—		—			246,702
TOTAL LIABILITIES	544,862		1,121,710		116,442		(582,698		)	1,200,316
SHAREHOLDERS’ EQUITY	871,462		795,946		35,582		(831,528		)	871,462
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,416,324	$	1,917,656	$	152,024	$	(1,414,226	)	$	2,071,778

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2018
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	5,554	$	15,975	$	—		$	21,529
Mortgage loans held for sale	—		—		169,651		—			169,651
Inventory	—		1,674,460		—		—			1,674,460
Property and equipment - net	—		28,485		910		—			29,395
Investment in joint venture arrangements	—		33,297		2,573		—			35,870
Deferred income tax asset	—		13,482		—		—			13,482
Investment in subsidiaries	817,986		—		—		(817,986		)	—
Intercompany assets	579,447		—		—		(579,447		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	2,325		47,738		10,731		—			60,794
TOTAL ASSETS	$	1,399,758	$	1,819,416	$	199,840	$	(1,397,433	)	$	2,021,581
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	131,089	$	422	$	—		$	131,511
Customer deposits	—		32,055		—		—			32,055
Intercompany liabilities	—		578,498		949		(579,447		)	—
Other liabilities	—		140,860		9,191		—			150,051
Community development district obligations	—		12,392		—		—			12,392
Obligation for consolidated inventory not owned	—		19,308		—		—			19,308
Notes payable bank - homebuilding operations	—		117,400		—		—			117,400
Notes payable bank - financial services operations	—		—		153,168		—			153,168
Notes payable - other	—		5,938		—		—			5,938
Senior notes due 2021 - net	297,884		—		—		—			297,884
Senior notes due 2025 - net	246,571		—		—		—			246,571
TOTAL LIABILITIES	544,455		1,037,540		163,730		(579,447		)	1,166,278
SHAREHOLDERS’ EQUITY	855,303		781,876		36,110		(817,986		)	855,303
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,399,758	$	1,819,416	$	199,840	$	(1,397,433	)	$	2,021,581

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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Three Months Ended March 31, 2019
(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	$	4,180		$	(72,925	)	$	50,292		$	(4,180	)	$	(22,633	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(427		)	(33		)	—			(460		)
Intercompany investing	(1,458		)	—			—			1,458			—
Investments in and advances to joint venture arrangements	—			(5,928		)	(113		)	—			(6,041		)
Net cash (used in) provided by investing activities	(1,458		)	(6,355		)	(146		)	1,458			(6,501		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			218,100			—			—			218,100
Principal repayments of bank borrowings - homebuilding operations	—			(116,700		)	—			—			(116,700		)
Net repayments of bank borrowings - financial services operations	—			—			(49,142		)	—			(49,142		)
Proceeds from exercise of stock options	2,428			—			—			—			2,428
Intercompany financing	—			(792		)	2,250			(1,458		)	—
Repurchase of common shares	(5,150		)	—			—			—			(5,150		)
Dividends paid	—			—			(4,180		)	4,180			—
Net cash (used in) provided by financing activities	(2,722		)	100,608			(51,072		)	2,722			49,536
Net increase (decrease) in cash, cash equivalents and restricted cash	—			21,328			(926		)	—			20,402
Cash, cash equivalents and restricted cash balance at beginning of period	—			5,554			15,975			—			21,529
Cash, cash equivalents and restricted cash balance at end of period	$	—		$	26,882		$	15,049		$	—		$	41,931

	Three Months Ended March 31, 2018
(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	$	2,750		$	(96,116	)	$	63,702		$	(2,750	)	$	(32,414	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(95		)	(35		)	—			(130		)
Acquisition, net of cash acquired	—			(100,763		)	—			—			(100,763		)
Intercompany Investing	(3,176		)	—			—			3,176			—
Investments in and advances to joint venture arrangements	—			(1,327		)	(563		)	—			(1,890		)
Proceeds from the sale of mortgage servicing rights	—			—			6,335			—			6,335
Net cash (used in) provided by investing activities	(3,176		)	(102,185		)	5,737			3,176			(96,448		)
CASH FLOWS FROM 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 repayments of notes payable - other and CDD bond obligations	—			(565		)	—			—			(565		)
Intercompany financing	—			1,401			1,775			(3,176		)	—
Dividends paid	—			—			(2,750		)	2,750			—
Proceeds from exercise of stock options	426			—			—			—			426
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