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Supplemental Guarantor Information Supplemental Guarantor Information (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
Revenue$—  $695,146  $19,048  $—  $714,194  
Costs and expenses:
Land and housing—  557,791  —  —  557,791  
General and administrative—  33,177  7,860  —  41,037  
Selling—  41,127  —  —  41,127  
Equity in income from joint venture arrangements—  —  (3) —  (3) 
Interest—  1,895  620  —  2,515  
Total costs and expenses—  633,990  8,477  —  642,467  
Income before income taxes—  61,156  10,571  —  71,727  
Provision for income taxes—  15,067  2,152  —  17,219  
Equity in subsidiaries54,508  —  —  (54,508) —  
Net income$54,508  $46,089  $8,419  $(54,508) $54,508  

Three Months Ended June 30, 2019
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
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 subsidiaries30,246  —  —  (30,246) —  
Net income$30,246  $24,918  $5,328  $(30,246) $30,246  
Six Months Ended June 30, 2020
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
Revenue$—  $1,259,282  $32,515  $—  $1,291,797  
Costs and expenses:
Land and housing—  1,018,715  —  —  1,018,715  
General and administrative—  59,740  15,144  —  74,884  
Selling—  77,955  —  —  77,955  
Equity in income from joint venture arrangements—  —  (55) —  (55) 
Interest—  5,864  1,351  —  7,215  
Total costs and expenses—  1,162,274  16,440  —  1,178,714  
Income before income taxes—  97,008  16,075  —  113,083  
Provision for income taxes—  23,648  3,181  —  26,829  
Equity in subsidiaries86,254  —  —  (86,254) —  
Net income$86,254  $73,360  $12,894  $(86,254) $86,254  

Six Months Ended June 30, 2019
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
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 subsidiaries47,969  —  —  (47,969) —  
Net income$47,969  $38,989  $8,980  $(47,969) $47,969  
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
June 30, 2020
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
ASSETS:
Cash, cash equivalents and restricted cash$—  $78,979  $15,044  $—  $94,023  
Mortgage loans held for sale—  —  163,536  —  163,536  
Inventory—  1,830,810  —  —  1,830,810  
Property and equipment - net—  20,126  878  —  21,004  
Investment in joint venture arrangements—  42,854  2,290  —  45,144  
Operating lease right-of-use assets—  40,766  10,427  —  51,193  
Deferred income tax asset—  9,378  —  —  9,378  
Investment in subsidiaries1,013,097  —  —  (1,013,097) —  
Intercompany assets719,685  —  —  (719,685) —  
Goodwill—  16,400  —  —  16,400  
Other assets3,150  77,904  15,166  —  96,220  
TOTAL ASSETS$1,735,932  $2,117,217  $207,341  $(1,732,782) $2,327,708  
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable$—  $168,291  $797  $—  $169,088  
Customer deposits—  49,529  —  —  49,529  
Operating lease liabilities—  40,766  10,427  —  51,193  
Intercompany liabilities—  714,549  5,136  (719,685) —  
Other liabilities—  150,286  7,860  —  158,146  
Community development district obligations—  11,560  —  —  11,560  
Obligation for consolidated inventory not owned—  11,035  —  —  11,035  
Notes payable bank - homebuilding operations—  —  —  —  —  
Notes payable bank - financial services operations—  —  134,184  —  134,184  
Notes payable - other—  7,041  —  —  7,041  
Senior notes due 2025 - net247,353  —  —  —  247,353  
Senior notes due 2028 - net394,174  —  —  —  394,174  
TOTAL LIABILITIES641,527  1,153,057  158,404  (719,685) 1,233,303  
SHAREHOLDERS’ EQUITY1,094,405  964,160  48,937  (1,013,097) 1,094,405  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$1,735,932  $2,117,217  $207,341  $(1,732,782) $2,327,708  
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2019
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
ASSETS:
Cash, cash equivalents and restricted cash$—  $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 subsidiaries928,942  —  —  (928,942) —  
Intercompany assets619,204  —  —  (619,204) —  
Goodwill—  16,400  —  —  16,400  
Other assets1,411  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 - net298,988  —  —  —  298,988  
Senior notes due 2025 - net247,092  —  —  —  247,092  
TOTAL LIABILITIES546,080  1,033,543  147,423  (624,929) 1,102,117  
SHAREHOLDERS’ EQUITY1,003,477  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
Six Months Ended June 30, 2020
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities$3,050  $78,373  $3,503  $(2,100) $82,826  
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment—  (1,662) (314) —  (1,976) 
Return of capital from unconsolidated joint ventures—  —  363  —  363  
Intercompany investing(98,610) —  —  98,610  —  
Investments in and advances to joint venture arrangements—  (19,082) (7) —  (19,089) 
Net cash (used in) provided by investing activities(98,610) (20,744) 42  98,610  (20,702) 
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of senior notes due 2021(300,000) —  —  —  (300,000) 
Proceeds from issuance of senior notes due 2028400,000  —  —  —  400,000  
Proceeds from bank borrowings - homebuilding operations—  306,800  —  —  306,800  
Principal repayments of bank borrowings - homebuilding operations—  (372,800) —  —  (372,800) 
Net repayments of bank borrowings - financial services operations
—  —  (2,720) —  (2,720) 
Proceeds from notes payable - other and CDD bond obligations
—  1,213  —  —  1,213  
Intercompany financing—  88,115  4,770  (92,885) —  
Repurchase of common shares(1,912) —  —  —  (1,912) 
Dividends paid—  —  (2,100) 2,100  —  
Debt issue costs(6,173) (2,197) (40) —  (8,410) 
Proceeds from exercise of stock options3,645  —  —  —  3,645  
Net cash provided by (used in) financing activities95,560  21,131  (90) (90,785) 25,816  
Net increase in cash, cash equivalents and restricted cash—  78,760  3,455  5,725  87,940  
Cash, cash equivalents and restricted cash balance at beginning of period—  219  11,589  (5,725) 6,083  
Cash, cash equivalents and restricted cash balance at end of period$—  $78,979  $15,044  $—  $94,023  

Six Months Ended June 30, 2019
(In thousands)M/I Homes, Inc.Guarantor SubsidiariesUnrestricted SubsidiariesEliminationsConsolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities$5,130  $(41,562) $52,179  $(5,130) $10,617  
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment—  (1,411) (188) —  (1,599) 
Return of capital from unconsolidated joint ventures—  —  150  —  150  
Intercompany Investing(3,257) —  —  3,257  —  
Investments in and advances to joint venture arrangements—  (15,119) (162) —  (15,281) 
Net cash (used in) provided by investing activities(3,257) (16,530) (200) 3,257  (16,730) 
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations
—  374,500  —  —  374,500  
Principal repayments of bank borrowings - homebuilding operations
—  (317,600) —  —  (317,600) 
Net repayments of bank borrowings - financial services operations
—  —  (49,165) —  (49,165) 
Principal repayments of notes payable - other and CDD bond obligations
—  (845) —  —  (845) 
Intercompany financing—  (44) 3,301  (3,257) —  
Repurchase of common shares(5,150) —  —  —  (5,150) 
Dividends paid—  —  (5,130) 5,130  —  
Debt issue costs—  —  (40) —  (40) 
Proceeds from exercise of stock options3,277  —  —  —  3,277  
Net cash (used in) provided by financing activities(1,873) 56,011  (51,034) 1,873  4,977  
Net (decrease) increase in cash, cash equivalents and restricted cash—  (2,081) 945  —  (1,136) 
Cash, cash equivalents and restricted cash balance at beginning of period—  5,554  15,975  —  21,529  
Cash, cash equivalents and restricted cash balance at end of period$—  $3,473  $16,920  $—  $20,393