Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	564,136	$	13,467		$	—		$	577,603
Costs and expenses:
Land and housing	—		460,924		—			—			460,924
General and administrative	—		26,563		7,284			—			33,847
Selling	—		36,828		—			—			36,828
Equity in income from joint venture arrangements	—		—		(52		)	—			(52		)
Interest	—		3,969		731			—			4,700
Total costs and expenses	—		528,284		7,963			—			536,247
Income before income taxes	—		35,852		5,504			—			41,356
Provision for income taxes	—		8,581		1,029			—			9,610
Equity in subsidiaries	31,746		—		—			(31,746		)	—
Net income	$	31,746	$	27,271	$	4,475		$	(31,746	)	$	31,746

	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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
	March 31, 2020
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	486	$	22,856	$	(2,158	)	$	21,184
Mortgage loans held for sale	—		—		156,208		—			156,208
Inventory	—		1,822,531		—		—			1,822,531
Property and equipment - net	—		20,372		674		—			21,046
Investment in joint venture arrangements	—		38,077		2,229		—			40,306
Operating lease right-of-use assets	—		16,700		3,375		—			20,075
Deferred income tax asset	—		9,540		—		—			9,540
Investment in subsidiaries	959,789		—		—		(959,789		)	—
Intercompany assets	717,921		—		—		(717,921		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	1,182		71,741		18,750		—			91,673
TOTAL ASSETS	$	1,678,892	$	1,995,847	$	204,092	$	(1,679,868	)	$	2,198,963
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	151,591	$	823	$	(2,158	)	$	150,256
Customer deposits	—		45,099		—		—			45,099
Operating lease liabilities	—		16,700		3,375		—			20,075
Intercompany liabilities	—		715,527		2,394		(717,921		)	—
Other liabilities	—		107,214		10,728		—			117,942
Community development district obligations	—		12,914		—		—			12,914
Obligation for consolidated inventory not owned	—		14,284		—		—			14,284
Notes payable bank - homebuilding operations	—		6,900		—		—			6,900
Notes payable bank - financial services operations	—		—		145,055		—			145,055
Notes payable - other	—		7,546		—		—			7,546
Senior notes due 2025 - net	247,222		—		—		—			247,222
Senior notes due 2028 - net	393,989		—		—		—			393,989
TOTAL LIABILITIES	641,211		1,077,775		162,375		(720,079		)	1,161,282
SHAREHOLDERS’ EQUITY	1,037,681		918,072		41,717		(959,789		)	1,037,681
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,678,892	$	1,995,847	$	204,092	$	(1,679,868	)	$	2,198,963

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2019
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash, cash equivalents and restricted cash	$	—	$	219	$	11,589	$	(5,725	)	$	6,083
Mortgage loans held for sale	—		—		155,244		—			155,244
Inventory	—		1,769,507		—		—			1,769,507
Property and equipment - net	—		21,372		746		—			22,118
Investment in joint venture arrangements	—		35,391		2,494		—			37,885
Operating lease right-of-use assets	—		15,689		2,726		—			18,415
Deferred income tax asset	—		9,631		—		—			9,631
Investment in subsidiaries	928,942		—		—		(928,942		)	—
Intercompany assets	619,204		—		—		(619,204		)	—
Goodwill	—		16,400		—		—			16,400
Other assets	1,411		56,134		12,766		—			70,311
TOTAL ASSETS	$	1,549,557	$	1,924,343	$	185,565	$	(1,553,871	)	$	2,105,594
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	130,136	$	615	$	(5,725	)	$	125,026
Customer deposits	—		34,462		—		—			34,462
Intercompany liabilities	—		618,946		258		(619,204		)	—
Operating lease liabilities	—		15,691		2,724		—			18,415
Other liabilities	—		141,015		6,922		—			147,937
Community development district obligations	—		13,531		—		—			13,531
Obligation for consolidated inventory not owned	—		7,934		—		—			7,934
Notes payable bank - homebuilding operations	—		66,000		—		—			66,000
Notes payable bank - financial services operations	—		—		136,904		—			136,904
Notes payable - other	—		5,828		—		—			5,828
Senior notes due 2021 - net	298,988		—		—		—			298,988
Senior notes due 2025 - net	247,092		—		—		—			247,092
TOTAL LIABILITIES	546,080		1,033,543		147,423		(624,929		)	1,102,117
SHAREHOLDERS’ EQUITY	1,003,477		890,800		38,142		(928,942		)	1,003,477
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,549,557	$	1,924,343	$	185,565	$	(1,553,871	)	$	2,105,594

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

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Three Months Ended March 31, 2020
(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	$	1,850		$	(26,758	)	$	1,581		$	(900	)	$	(24,227	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	—			(440		)	(11		)	—			(451		)
Return of capital from unconsolidated joint ventures	—			—			363			—			363
Intercompany investing	(96,955		)	—			—			96,955			—
Investments in and advances to joint venture arrangements	—			(6,451		)	(7		)	—			(6,458		)
Net cash (used in) provided by investing activities	(96,955		)	(6,891		)	345			96,955			(6,546		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior notes due 2021	(300,000		)	—			—			—			(300,000		)
Proceeds from issuance of senior notes due 2028	400,000			—			—			—			400,000
Proceeds from bank borrowings - homebuilding operations	—			194,300			—			—			194,300
Principal repayments of bank borrowings - homebuilding operations	—			(253,400		)	—			—			(253,400		)
Net proceeds from bank borrowings - financial services operations	—			—			8,151			—			8,151
Proceeds from notes payable - other and CDD bond obligations	—			1,718			—			—			1,718
Intercompany financing	—			91,298			2,090			(93,388		)	—
Repurchase of common shares	(1,912		)	—			—			—			(1,912		)
Dividends paid	—			—			(900		)	900			—
Debt issue costs	(6,165		)	—			—						(6,165		)
Proceeds from exercise of stock options	3,182			—			—			—			3,182
Net cash provided by (used in) financing activities	95,105			33,916			9,341			(92,488		)	45,874
Net increase in cash, cash equivalents and restricted cash	—			267			11,267			3,567			15,101
Cash, cash equivalents and restricted cash balance at beginning of period	—			219			11,589			(5,725		)	6,083
Cash, cash equivalents and restricted cash balance at end of period	$	—		$	486		$	22,856		$	(2,158	)	$	21,184

	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		)
Intercompany financing	—			(792		)	2,250			(1,458		)	—
Repurchase of common shares	(5,150		)	—			—			—			(5,150		)
Dividends paid	—			—			(4,180		)	4,180			—
Proceeds from exercise of stock options	2,428			—			—			—			2,428
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