Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	609,383	$	14,303		$	—		$	623,686
Costs and expenses:
Land and housing	—		503,857		—			—			503,857
General and administrative	—		29,315		6,849			—			36,164
Selling	—		37,452		—			—			37,452
Equity in income from joint venture arrangements	—		—		(187		)	—			(187		)
Interest	—		4,263		934			—			5,197
Total costs and expenses	—		574,887		7,596			—			582,483
Income before income taxes	—		34,496		6,707			—			41,203
Provision for income taxes	—		9,578		1,379			—			10,957
Equity in subsidiaries	30,246		—		—			(30,246		)	—
Net income	$	30,246	$	24,918	$	5,328		$	(30,246	)	$	30,246

	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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Six Months Ended June 30, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	1,078,709	$	26,086		$	—		$	1,104,795
Costs and expenses:
Land and housing	—		892,324		—			—			892,324
General and administrative	—		53,748		13,115			—			66,863
Selling	—		69,003		—			—			69,003
Equity in income from joint venture arrangements	—		—		(66		)	—			(66		)
Interest	—		10,312		1,677			—			11,989
Total costs and expenses	—		1,025,387		14,726			—			1,040,113
Income before income taxes	—		53,322		11,360			—			64,682
Provision for income taxes	—		14,333		2,380			—			16,713
Equity in subsidiaries	47,969		—		—			(47,969		)	—
Net income	$	47,969	$	38,989	$	8,980		$	(47,969	)	$	47,969

	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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	3,473	$	16,920	$	—		$	20,393
Mortgage loans held for sale	—		—		123,909		—			123,909
Inventory	—		1,763,479		—		—			1,763,479
Property and equipment - net	—		27,179		915		—			28,094
Investment in joint venture arrangements	—		38,589		2,755		—			41,344
Operating lease right-of-use assets	—		15,908		3,489		—			19,397
Deferred income tax asset	—		12,594		—		—			12,594
Investment in subsidiaries	860,824		—		—		(860,824		)	—
Intercompany assets	586,815		—		—		(586,815		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	1,869		49,789		11,938		—			63,596
TOTAL ASSETS	$	1,449,508	$	1,927,411	$	159,926	$	(1,447,639	)	$	2,089,206
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	153,221	$	849	$	—		$	154,070
Customer deposits	—		38,048		—		—			38,048
Operating lease liabilities	—		15,911		3,486		—			19,397
Intercompany liabilities	—		582,352		4,463		(586,815		)	—
Other liabilities	—		113,647		7,166		—			120,813
Community development district obligations	—		10,866		—		—			10,866
Obligation for consolidated inventory not owned	—		13,109		—		—			13,109
Notes payable bank - homebuilding operations	—		174,300		—		—			174,300
Notes payable bank - financial services operations	—		—		104,003		—			104,003
Notes payable - other	—		5,092		—		—			5,092
Senior notes due 2021 - net	298,436		—		—		—			298,436
Senior notes due 2025 - net	246,832		—		—		—			246,832
TOTAL LIABILITIES	545,268		1,106,546		119,967		(586,815		)	1,184,966
SHAREHOLDERS’ EQUITY	904,240		820,865		39,959		(860,824		)	904,240
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,449,508	$	1,927,411	$	159,926	$	(1,447,639	)	$	2,089,206

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
	Six Months Ended June 30, 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	$	5,130		$	(41,562	)	$	52,179		$	(5,130	)	$	10,617
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(1,411		)	(188		)	—			(1,599		)
Intercompany investing	(3,257		)	—			—			3,257			—
Investments in and advances to joint venture arrangements	—			(15,119		)	(162		)	—			(15,281		)
Return of capital from unconsolidated joint ventures	—			—			150			—			150
Net cash (used in) provided by investing activities	(3,257		)	(16,530		)	(200		)	3,257			(16,730		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			374,500			—			—			374,500
Principal repayments of bank borrowings - homebuilding operations	—			(317,600		)	—			—			(317,600		)
Net repayments of bank borrowings - financial services operations	—			—			(49,165		)	—			(49,165		)
Principal repayment of notes payable - other and CDD bond obligations	—			(845		)	—			—			(845		)
Proceeds from exercise of stock options	3,277			—			—			—			3,277
Intercompany financing	—			(44		)	3,301			(3,257		)	—
Repurchase of common shares	(5,150		)	—			—			—			(5,150		)
Dividends paid	—			—			(5,130		)	5,130			—
Debt issue costs	—			—			(40		)	—			(40		)
Net cash (used in) provided by financing activities	(1,873		)	56,011			(51,034		)	1,873			4,977
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(2,081		)	945			—			(1,136		)
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	$	—		$	3,473		$	16,920		$	—		$	20,393

	Six Months Ended June 30, 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	$	5,750		$	(95,387	)	$	74,462		$	(5,750	)	$	(20,925	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(4,449		)	(166		)	—			(4,615		)
Acquisition, net of cash acquired	—			(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
Proceeds from the sale of mortgage servicing rights	—			—			6,335			—			6,335
Net cash (used in) provided by investing activities	(6,176		)	(108,894		)	6,009			6,176			(102,885		)
CASH FLOWS FROM 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 repayments of notes payable - other and CDD bond obligations	—			(1,214		)	—			—			(1,214		)
Intercompany financing	—			8,862			(2,686		)	(6,176		)	—
Dividends paid	—			—			(5,750		)	5,750			—
Debt issue costs	—			(75		)	(40		)	—			(115		)
Proceeds from exercise of stock options	426			—			—			—			426
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