2019 Q2 Form 10-Q Financial Statement
#000079929219000041 Filed on July 26, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
Revenue | $623.7M | $722.5M | $558.1M |
YoY Change | 11.75% | 16.21% | 22.16% |
Cost Of Revenue | $503.9M | $586.6M | $449.3M |
YoY Change | 12.14% | 17.67% | 22.23% |
Gross Profit | $119.8M | $130.0M | $108.8M |
YoY Change | 10.18% | 12.54% | 21.84% |
Gross Profit Margin | 19.21% | 18.0% | 19.49% |
Selling, General & Admin | $73.62M | $80.40M | $70.26M |
YoY Change | 4.78% | 4.82% | 16.4% |
% of Gross Profit | 61.43% | 61.83% | 64.6% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $3.300M | $3.100M | $2.800M |
YoY Change | 17.86% | 10.71% | 16.67% |
% of Gross Profit | 2.75% | 2.38% | 2.57% |
Operating Expenses | $73.62M | $80.40M | $70.26M |
YoY Change | 4.78% | 4.82% | 16.4% |
Operating Profit | $46.21M | $49.64M | $38.51M |
YoY Change | 20.02% | 27.77% | 33.19% |
Interest Expense | $5.197M | -$5.200M | $4.888M |
YoY Change | 6.32% | 10.64% | 27.49% |
% of Operating Profit | 11.25% | -10.48% | 12.69% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $41.20M | $44.40M | $33.53M |
YoY Change | 22.88% | 30.21% | 33.14% |
Income Tax | $10.96M | $12.00M | $5.620M |
% Of Pretax Income | 26.59% | 27.03% | 16.76% |
Net Earnings | $30.25M | $32.40M | $27.91M |
YoY Change | 8.37% | 103.77% | 64.29% |
Net Earnings / Revenue | 4.85% | 4.48% | 5.0% |
Basic Earnings Per Share | $1.10 | $1.17 | $0.98 |
Diluted Earnings Per Share | $1.08 | $1.15 | $0.96 |
COMMON SHARES | |||
Basic Shares Outstanding | 27.60M shares | 27.77M shares | 28.57M shares |
Diluted Shares Outstanding | 28.09M shares | 28.18M shares | 29.10M shares |
Balance Sheet
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.40M | $21.50M | $67.80M |
YoY Change | -69.91% | -85.83% | 126.76% |
Cash & Equivalents | $20.39M | $21.53M | $67.82M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $1.764B | $1.675B | $1.653B |
Prepaid Expenses | |||
Receivables | $123.9M | $169.7M | $108.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.908B | $1.866B | $1.828B |
YoY Change | 4.35% | 7.35% | 21.77% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $28.09M | $29.40M | $28.89M |
YoY Change | -2.74% | 9.62% | 29.79% |
Goodwill | $16.40M | $16.40M | $16.40M |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $41.34M | $35.87M | $13.75M |
YoY Change | 200.62% | 74.76% | -39.88% |
Other Assets | $12.60M | $13.50M | $17.50M |
YoY Change | -28.0% | -26.63% | -41.86% |
Total Long-Term Assets | $181.4M | $155.9M | $142.2M |
YoY Change | 27.54% | 22.87% | 9.43% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.908B | $1.866B | $1.828B |
Total Long-Term Assets | $181.4M | $155.9M | $142.2M |
Total Assets | $2.089B | $2.022B | $1.971B |
YoY Change | 6.02% | 8.41% | 20.79% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $154.1M | $131.5M | $141.5M |
YoY Change | 8.9% | 12.2% | 25.11% |
Accrued Expenses | $19.40M | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $211.5M | $163.6M | $183.0M |
YoY Change | 15.57% | 13.93% | -8.59% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $828.7M | $821.0M | $828.0M |
YoY Change | 0.08% | 1.65% | 35.03% |
Other Long-Term Liabilities | $144.8M | $181.8M | $143.6M |
YoY Change | 0.84% | 9.45% | 15.06% |
Total Long-Term Liabilities | $973.5M | $1.003B | $971.6M |
YoY Change | 0.2% | 2.98% | 31.65% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $211.5M | $163.6M | $183.0M |
Total Long-Term Liabilities | $973.5M | $1.003B | $971.6M |
Total Liabilities | $1.185B | $1.166B | $1.155B |
YoY Change | 2.63% | 4.37% | 23.08% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $629.0M | $581.0M | $519.3M |
YoY Change | 21.12% | 22.75% | 18.4% |
Common Stock | $330.4M | $330.8M | $327.8M |
YoY Change | 0.79% | 7.84% | 33.22% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $55.07M | $56.51M | $31.11M |
YoY Change | 77.04% | 72.23% | -21.22% |
Treasury Stock Shares | 2.520M shares | 2.621M shares | 1.566M shares |
Shareholders Equity | $904.2M | $855.3M | $816.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.089B | $2.022B | $1.971B |
YoY Change | 6.02% | 8.41% | 20.79% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $30.25M | $32.40M | $27.91M |
YoY Change | 8.37% | 103.77% | 64.29% |
Depreciation, Depletion And Amortization | $3.300M | $3.100M | $2.800M |
YoY Change | 17.86% | 10.71% | 16.67% |
Cash From Operating Activities | $33.20M | $71.30M | $11.50M |
YoY Change | 188.7% | 428.15% | -171.88% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.100M | -$2.200M | -$4.500M |
YoY Change | -75.56% | -21.43% | 400.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$9.100M | -$10.10M | -$2.000M |
YoY Change | 355.0% | 405.0% | 42.86% |
Cash From Investing Activities | -$10.20M | -$12.50M | -$6.400M |
YoY Change | 59.38% | 165.96% | 190.91% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -44.50M | -73.70M | 9.200M |
YoY Change | -583.7% | -287.53% | -2.13% |
NET CHANGE | |||
Cash From Operating Activities | 33.20M | 71.30M | 11.50M |
Cash From Investing Activities | -10.20M | -12.50M | -6.400M |
Cash From Financing Activities | -44.50M | -73.70M | 9.200M |
Net Change In Cash | -21.50M | -14.90M | 14.30M |
YoY Change | -250.35% | -130.98% | -262.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | $33.20M | $71.30M | $11.50M |
Capital Expenditures | -$1.100M | -$2.200M | -$4.500M |
Free Cash Flow | $34.30M | $73.50M | $16.00M |
YoY Change | 114.38% | 350.92% | -205.96% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
10641000 | USD | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
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--12-31 | ||
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|
Q2 | ||
dei |
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|
2019 | ||
dei |
Entity Central Index Key
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|
0000799292 | ||
CY2018Q4 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
13441000 | USD |
CY2019Q2 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
13132000 | USD |
CY2018Q4 | mho |
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|
1000000 | USD |
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Asset Impairment Charges
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|
0 | USD |
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|
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|
0.01 | |
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|
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|
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Impairment Charge On Reclassified Assets
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Impairment Charge On Reclassified Assets
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dei |
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10-Q | ||
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2019-06-30 | ||
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1-12434 | ||
dei |
Entity Registrant Name
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|
M/I HOMES, INC. | ||
dei |
Entity Incorporation State Country Code
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|
OH | ||
dei |
Entity Tax Identification Number
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|
31-1210837 | ||
dei |
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|
3 Easton Oval | ||
dei |
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Suite 500 | ||
dei |
Entity Address City Or Town
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|
Columbus | ||
dei |
Entity Address State Or Province
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|
OH | ||
dei |
Entity Address Postal Zip Code
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43219 | ||
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City Area Code
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614 | ||
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Local Phone Number
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418-8000 | ||
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Common Shares, par value $.01 | ||
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MHO | ||
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NYSE | ||
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Large Accelerated Filer | ||
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41203000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
33531000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
64682000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
57404000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10957000 | USD |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5620000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16713000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11430000 | USD | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
30246000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27911000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
47969000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
45974000 | USD | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.10 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.98 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.74 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.62 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.96 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.71 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.56 | ||
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27599000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28571000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27549000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28349000 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28090000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29101000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28027000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29818000 | shares | |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
855303000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17723000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2428000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
912000 | USD |
CY2019Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
5150000 | USD |
CY2019Q1 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
246000 | USD |
CY2019Q1 | mho |
Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
|
0 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
871462000 | USD |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
30246000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
849000 | USD |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1682000 | USD |
CY2019Q2 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
1000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
904240000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
747298000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
18063000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
426000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1039000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
20309000 | USD |
CY2018Q1 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
185000 | USD |
CY2018Q1 | mho |
Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
|
-955000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
786365000 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
27911000 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1691000 | USD |
CY2018Q2 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
-1000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
815966000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
47969000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
45974000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
66000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
224000 | USD | |
us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
570989000 | USD | |
us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
519802000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
615714000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
584700000 | USD | |
mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
1017000 | USD | |
mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
-1318000 | USD | |
us-gaap |
Payments For Proceeds From Mortgage Servicing Rights
PaymentsForProceedsFromMortgageServicingRights
|
-1588000 | USD | |
us-gaap |
Payments For Proceeds From Mortgage Servicing Rights
PaymentsForProceedsFromMortgageServicingRights
|
-2486000 | USD | |
us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
657000 | USD | |
us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
383000 | USD | |
us-gaap |
Depreciation
Depreciation
|
5698000 | USD | |
us-gaap |
Depreciation
Depreciation
|
5278000 | USD | |
mho |
Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
|
1352000 | USD | |
mho |
Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
|
1443000 | USD | |
us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
0 | USD | |
us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
-1224000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2594000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2730000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-888000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-910000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
89853000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
137689000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-240000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4166000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
22560000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
13730000 | USD | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
5993000 | USD | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
10976000 | USD | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-18486000 | USD | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-15467000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-13083000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-4673000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10617000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20925000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1599000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4615000 | USD | |
mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
150000 | USD | |
mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
676000 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
0 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
100960000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
15281000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
4321000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
6335000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-16730000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-102885000 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
0 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
65941000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
374500000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
353900000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
317600000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
172100000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-49165000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-75032000 | USD | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-845000 | USD | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-1214000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5150000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
40000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
115000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3277000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
426000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4977000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
39924000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1136000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-83886000 | USD | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21529000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
151703000 | USD |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20393000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
67817000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
10585000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
9643000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
13557000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10176000 | USD | |
mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-1526000 | USD | |
mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-1260000 | USD | |
mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
-6199000 | USD | |
mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
-6751000 | USD | |
mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
9723000 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
0 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
20309000 | USD | |
CY2018Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
20765000 | USD |
CY2017Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
17169000 | USD |
CY2019Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
8036000 | USD |
CY2018Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
7191000 | USD |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
14170000 | USD | |
CY2019Q2 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
1413 | homes |
CY2019Q2 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
264900000 | USD |
CY2018Q4 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
1443 | |
CY2018Q4 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
311000000.0 | USD |
CY2019Q2 | mho |
Community Development District
CommunityDevelopmentDistrict
|
10900000 | USD |
CY2018Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
12400000 | USD |
CY2019Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
21506000 | USD |
CY2018Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
18264000 | USD |
CY2019Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
-7380000 | USD |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
13150000 | USD | |
CY2018Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
-6203000 | USD |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
Basis of Presentation<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accompanying Unaudited Condensed Consolidated Financial Statements (the “financial statements”) of M/I Homes, Inc. and its subsidiaries (the “Company”) and notes thereto have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. The financial statements include the accounts of the Company. All intercompany transactions have been eliminated. Results for the interim period are not necessarily indicative of results for a full year. In the opinion of management, the accompanying financial statements reflect all adjustments (all of which are normal and recurring in nature) necessary for a fair presentation of financial results for the interim periods presented. These financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> (the “</span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;"> Form 10-K”).</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during that period. Actual results could differ from these estimates and have a significant impact on the financial condition and results of operations and cash flows. With regard to the Company, estimates and assumptions are inherent in calculations relating to valuation of inventory and investment in unconsolidated joint ventures, property and equipment depreciation, valuation of derivative financial instruments, accounts payable on inventory, accruals for costs to complete inventory, accruals for warranty claims, accruals for self-insured general liability claims, litigation, accruals for health care and workers’ compensation, accruals for guaranteed or indemnified loans, stock-based compensation expense, income taxes, and contingencies. Items that could have a significant impact on these estimates and assumptions include the risks and uncertainties listed in “Item 1A. Risk Factors” in Part I of our </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;"> Form 10-K, as the same may be updated from time to time in our subsequent filings with the SEC. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As a result of the Company's change in reportable segments, the Company recast certain prior year amounts in the condensed consolidated financial statements to conform with the 2019 presentation (see </span><a href="#sA2361EC62441546C9340DF6F35567ED5" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;">). These reclassifications had no impact on the Company's results of operations. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Standards</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2016-02”), which requires organizations that lease assets - referred to as “lessees” - to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under ASU 2016-02, a lessee will be required to recognize assets and liabilities for all lease agreements. Lessor accounting remains substantially similar to current GAAP. In addition, disclosures of leasing activities will be expanded to include qualitative and specific quantitative information. For publicly traded companies, ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Following the issuance of ASU 2016-02, the FASB issued ASU No. 2018-01, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land Easement Practical Expedient for Transition to Topic 842</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2018-01”), ASU No. 2018-10, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 842, Leases </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-10”), ASU No. 2018-11, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842): Targeted Improvements </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-11”), and ASU No. 2018-20, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842): Narrow-Scope Improvements </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-20”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span><span style="font-family:inherit;font-size:10pt;"> In March 2019, the FASB issued ASU No. 2019-01, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842): Codification Improvements </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-01”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;">which clarifies how to apply certain aspects of the new lease standard as discussed in more detail below. These ASUs do not change the core principle of the guidance stated in ASU 2016-02, but are instead intended to clarify and improve the operability of certain topics addressed by ASU 2016-02 and provide practical expedients for certain aspects of the guidance to aid companies in transition. These additional ASUs have the same effective date and transition requirements as ASU 2016-02.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We adopted ASU 2016-02 and the subsequently issued ASUs identified above on January 1, 2019 using the additional modified retrospective transition method in accordance with ASU 2018-11, which includes a cumulative catch-up in retained earnings on the initial date of adoption (i.e., the initial date of adoption method). The adoption of the new lease standard did not have any impact on our retained earnings. At January 1, 2019, we recognized Operating Right-of-Use (“ROU”) Assets and Operating Lease Liabilities of </span><span style="font-family:inherit;font-size:10pt;"><span>$20.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> on our Unaudited Condensed Consolidated Balance Sheets. As a result of adopting the standard, we added certain internal controls to our control framework and ensured that these controls were designed and operating as part of </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">the implementation process. See </span><a href="#sFF6C7B8B14605B24A1353BAA796E5C41" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 15</span></a><span style="font-family:inherit;font-size:10pt;"> to the Company’s financial statements for the additional expanded disclosures required by the new standard.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the SEC issued SEC Final Rule 33-10532, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosure Update and Simplification</span><span style="font-family:inherit;font-size:10pt;">, which revised or eliminated certain of the SEC’s disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded in light of other SEC and or GAAP disclosure requirements. As a result of the final rule’s amendments, the SEC now requires a registrant to reconcile its changes in stockholders' equity for both the current and comparative interim and year-to-date periods, with subtotals. This final rule was effective on November 5, 2018. Our Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2019 and 2018 reflect adoption of this final rule.</span></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Impact of New Accounting Standards</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU No. 2016-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 is effective for our fiscal year beginning January 1, 2020. We are currently evaluating the impact that the adoption of ASU 2016-13 may have on our consolidated financial statements and disclosures. Subsequent to the issuance of ASU 2016-13, the FASB issued ASU No. 2018-19, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 326, Financial Instruments -Credit Losses</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2018-19”) in November 2018, ASU No. 2019-04, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-04”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;">in April 2019, and ASU No. 2019-05, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments -Credit Losses (Topic 326) Targeted Transition Relief </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-05”) in May 2019. These ASUs do not change the core principle of the guidance in ASU 2016-13. Instead these amendments are intended to clarify and improve operability of certain topics included within the credit losses standard. These ASUs will have the same effective date and transition requirements as ASU 2016-13.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-13”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span><span style="font-family:inherit;font-size:10pt;"> ASU 2018-13 modifies the disclosure requirements for fair value measurements and removes the requirement to disclose (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (2) the policy for timing of transfers between levels, and (3) the valuation processes for Level 3 fair value measurements. ASU 2018-13 requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For all entities, ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the effect that this guidance will have on our consolidated financial statements and disclosures.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-15”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span><span style="font-family:inherit;font-size:10pt;"> ASU 2018-15 requires entities that are customers in cloud computing arrangements to defer implementation costs if they would be capitalized by the entity in software licensing arrangements under the internal-use software guidance. The guidance may be applied retrospectively or prospectively to implementation costs incurred after the date of adoption. For publicly traded companies, ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the effect that this guidance will have on our consolidated financial statements and disclosures.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In March 2019, the FASB issued ASU 2019-01, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842): Codification Improvements </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-01”), which provides clarification on implementation issues associated with adopting ASU 2016-02. The implementation issues noted in ASU 2019-01 include determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, presentation on the statement of cash flows for sales-type and direct financing leases, and transition disclosures related to Topic 250, Accounting Changes and Error Corrections. We applied the guidance on January 1, 2019, the date we adopted ASU 2016-02. The adoption of this ASU did not have a material impact on our financial position, results of operations, cash flows, or presentation thereof.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Significant Accounting Policies</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We believe that there have been no significant changes to our significant accounting policies during the </span><span style="font-family:inherit;font-size:10pt;">quarter ended June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> as compared to those disclosed in our </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Form 10-K, other than the changes described above under “Reclassifications” and below.</span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Leases</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company leases certain office space and model homes under operating leases with remaining terms of one to six years. The Company sells model homes to investors with the express purpose of leasing the homes back as sales models for a specified period of time. Under ASC 842, the Company records the sale of the model home and the profit on the sale at the time of the home delivery.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company determines if an arrangement is a lease at inception when the arrangement transfers the right to control the use of an identified asset to the Company. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make payments arising from the lease agreement. The Company has operating leases, but does not have any financing leases.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. The lease term may include an option to extend or terminate a lease when it is reasonably certain that the option will be exercised. The exercise of these lease renewal options is generally at our discretion. The operating lease ROU assets include any lease payments made in advance and exclude any lease incentives. Lease payments include both lease and non-lease components as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The expense recognition pattern for our leases remained substantially unchanged as a result of the adoption of ASC 842. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the ROU assets and lease liabilities and are expensed as incurred. Short-term leases include leases with terms of less than one year without renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. Due to our election of the practical expedient, leases with an initial term of twelve months or less are not recorded on the balance sheet. As the rate implicit in our leases is not readily determinable, the Company uses its estimated incremental borrowing rate at the commencement date in determining the present value of the lease payments. We give consideration to our recent debt issuances as well as to the current rate available under our Credit Facility (defined below) when calculating our incremental borrowing rate. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. See </span><a href="#sFF6C7B8B14605B24A1353BAA796E5C41" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 15</span></a><span style="font-family:inherit;font-size:10pt;"> to our financial statements for further discussion.</span></div> | ||
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
20900000 | USD |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Impact of New Accounting Standards</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU No. 2016-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 is effective for our fiscal year beginning January 1, 2020. We are currently evaluating the impact that the adoption of ASU 2016-13 may have on our consolidated financial statements and disclosures. Subsequent to the issuance of ASU 2016-13, the FASB issued ASU No. 2018-19, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 326, Financial Instruments -Credit Losses</span><span style="font-family:inherit;font-size:10pt;"> (“ASU 2018-19”) in November 2018, ASU No. 2019-04, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-04”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;">in April 2019, and ASU No. 2019-05, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments -Credit Losses (Topic 326) Targeted Transition Relief </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-05”) in May 2019. These ASUs do not change the core principle of the guidance in ASU 2016-13. Instead these amendments are intended to clarify and improve operability of certain topics included within the credit losses standard. These ASUs will have the same effective date and transition requirements as ASU 2016-13.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-13”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span><span style="font-family:inherit;font-size:10pt;"> ASU 2018-13 modifies the disclosure requirements for fair value measurements and removes the requirement to disclose (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (2) the policy for timing of transfers between levels, and (3) the valuation processes for Level 3 fair value measurements. ASU 2018-13 requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For all entities, ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the effect that this guidance will have on our consolidated financial statements and disclosures.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2018-15”)</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span><span style="font-family:inherit;font-size:10pt;"> ASU 2018-15 requires entities that are customers in cloud computing arrangements to defer implementation costs if they would be capitalized by the entity in software licensing arrangements under the internal-use software guidance. The guidance may be applied retrospectively or prospectively to implementation costs incurred after the date of adoption. For publicly traded companies, ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the effect that this guidance will have on our consolidated financial statements and disclosures.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In March 2019, the FASB issued ASU 2019-01, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842): Codification Improvements </span><span style="font-family:inherit;font-size:10pt;">(“ASU 2019-01”), which provides clarification on implementation issues associated with adopting ASU 2016-02. The implementation issues noted in ASU 2019-01 include determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, presentation on the statement of cash flows for sales-type and direct financing leases, and transition disclosures related to Topic 250, Accounting Changes and Error Corrections. We applied the guidance on January 1, 2019, the date we adopted ASU 2016-02. The adoption of this ASU did not have a material impact on our financial position, results of operations, cash flows, or presentation thereof.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Significant Accounting Policies</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We believe that there have been no significant changes to our significant accounting policies during the </span><span style="font-family:inherit;font-size:10pt;">quarter ended June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> as compared to those disclosed in our </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Form 10-K, other than the changes described above under “Reclassifications” and below.</span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Leases</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company leases certain office space and model homes under operating leases with remaining terms of one to six years. The Company sells model homes to investors with the express purpose of leasing the homes back as sales models for a specified period of time. Under ASC 842, the Company records the sale of the model home and the profit on the sale at the time of the home delivery.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company determines if an arrangement is a lease at inception when the arrangement transfers the right to control the use of an identified asset to the Company. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make payments arising from the lease agreement. The Company has operating leases, but does not have any financing leases.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. The lease term may include an option to extend or terminate a lease when it is reasonably certain that the option will be exercised. The exercise of these lease renewal options is generally at our discretion. The operating lease ROU assets include any lease payments made in advance and exclude any lease incentives. Lease payments include both lease and non-lease components as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The expense recognition pattern for our leases remained substantially unchanged as a result of the adoption of ASC 842. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the ROU assets and lease liabilities and are expensed as incurred. Short-term leases include leases with terms of less than one year without renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. Due to our election of the practical expedient, leases with an initial term of twelve months or less are not recorded on the balance sheet. As the rate implicit in our leases is not readily determinable, the Company uses its estimated incremental borrowing rate at the commencement date in determining the present value of the lease payments. We give consideration to our recent debt issuances as well as to the current rate available under our Credit Facility (defined below) when calculating our incremental borrowing rate. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. See </span><a href="#sFF6C7B8B14605B24A1353BAA796E5C41" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 15</span></a><span style="font-family:inherit;font-size:10pt;"> to our financial statements for further discussion.</span></div> | ||
CY2019Q2 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
804453000 | USD |
CY2018Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
778943000 | USD |
CY2019Q2 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
13018000 | USD |
CY2018Q4 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
12633000 | USD |
CY2019Q2 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
796479000 | USD |
CY2018Q4 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
730390000 | USD |
CY2019Q2 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
93201000 | USD |
CY2018Q4 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
87132000 | USD |
CY2019Q2 | mho |
Community Development District
CommunityDevelopmentDistrict
|
10866000 | USD |
CY2018Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
12392000 | USD |
CY2019Q2 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
32353000 | USD |
CY2018Q4 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
33662000 | USD |
CY2019Q2 | mho |
Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
|
13109000 | USD |
CY2018Q4 | mho |
Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
|
19308000 | USD |
CY2019Q2 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1763479000 | USD |
CY2018Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1674460000 | USD |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
-12773000 | USD | |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
-11067000 | USD | |
CY2019Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
22162000 | USD |
CY2018Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
19252000 | USD |
CY2019Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
22162000 | USD |
CY2018Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
19252000 | USD |
CY2019Q2 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
13233000 | USD |
CY2018Q2 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
12079000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
26159000 | USD | |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
23916000 | USD | |
mho |
Increase In Investment In Llcs And Other Joint Agreements
IncreaseInInvestmentInLlcsAndOtherJointAgreements
|
5500000 | USD | |
CY2018Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
35900000 | USD |
CY2019Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
41300000 | USD |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
15300000 | USD | |
mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
9700000 | USD | |
CY2019Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
41300000 | USD |
CY2019Q2 | mho |
Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
|
3879000 | USD |
CY2018Q4 | mho |
Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
|
5823000 | USD |
CY2019Q2 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
141479000 | USD |
CY2018Q4 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
76117000 | USD |
CY2019Q2 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
141000000 | USD |
CY2018Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
83000000 | USD |
CY2019Q2 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
4331000 | USD |
CY2018Q4 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
14285000 | USD |
CY2019Q2 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
117000000 | USD |
CY2018Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
150000000 | USD |
CY2019Q2 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
117030000 | USD |
CY2018Q4 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
149980000 | USD |
CY2019Q2 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
253000 | USD |
CY2018Q2 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
61000 | USD |
mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
796000 | USD | |
mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
1056000 | USD | |
CY2019Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2019Q2 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | USD |
CY2019Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
5600000 | USD |
CY2019Q2 | us-gaap |
Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
|
0 | USD |
CY2019Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
58900000 | USD |
CY2018Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
52700000 | USD |
CY2019Q2 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
82100000 | USD |
CY2018Q4 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
63600000 | USD |
CY2019Q2 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
1200000 | USD |
CY2018Q4 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
600000 | USD |
CY2019Q2 | mho |
Total Loans Indemnified
TotalLoansIndemnified
|
1000000.0 | USD |
CY2019Q2 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
700000 | USD |
CY2018Q4 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
600000 | USD |
CY2019Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
25220000 | USD |
CY2018Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
24301000 | USD |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
26459000 | USD |
CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
26133000 | USD |
CY2019Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3641000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3299000 | USD |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
6481000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5842000 | USD | |
CY2019Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
557000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
557000 | USD |
us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
735000 | USD | |
us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
465000 | USD | |
CY2019Q2 | us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
0 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
0 | USD |
us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
0 | USD | |
us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
0 | USD | |
CY2019Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-3944000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-4878000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-8201000 | USD | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-9161000 | USD | |
CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
25474000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
23279000 | USD |
CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
25474000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
23279000 | USD |
CY2019Q2 | mho |
Estimated Repair Costsfor Affected Homes
EstimatedRepairCostsforAffectedHomes
|
5300000 | USD |
CY2019Q2 | mho |
Letters Of Credit And Bonds
LettersOfCreditAndBonds
|
233500000 | USD |
CY2019Q2 | mho |
Outstanding Performance Bonds
OutstandingPerformanceBonds
|
167700000 | USD |
CY2019Q2 | mho |
Performance Letters Of Credit Outstanding
PerformanceLettersOfCreditOutstanding
|
48800000 | USD |
CY2019Q2 | mho |
Financial Letters Of Credit
FinancialLettersOfCredit
|
10000000.0 | USD |
CY2019Q2 | mho |
Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts
|
9600000 | USD |
CY2019Q2 | mho |
Financial Bonds
FinancialBonds
|
7000000.0 | USD |
CY2019Q2 | mho |
Unrecorded Conditional Purchase Obligation
UnrecordedConditionalPurchaseObligation
|
574100000 | USD |
CY2019Q2 | mho |
Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
|
500000 | USD |
CY2018Q4 | mho |
Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
|
400000 | USD |
CY2019Q2 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
669200000 | USD |
CY2019Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
174300000 | USD |
CY2019Q2 | mho |
Letters Of Credit Outstanding Under Credit Facility
LettersOfCreditOutstandingUnderCreditFacility
|
58900000 | USD |
CY2019Q2 | mho |
Maximumborrowingavailabilitysubjecttolimit
Maximumborrowingavailabilitysubjecttolimit
|
266800000 | USD |
CY2019Q2 | mho |
Maximum Borrowing Availability Under All Credit Lines
MaximumBorrowingAvailabilityUnderAllCreditLines
|
175000000.0 | USD |
CY2018Q4 | mho |
Maximum Borrowing Availability Under All Credit Lines
MaximumBorrowingAvailabilityUnderAllCreditLines
|
225000000.0 | USD |
CY2019Q2 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
104000000.0 | USD |
CY2018Q4 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
153200000 | USD |
CY2019Q2 | mho |
Restricted Payments Basket
RestrictedPaymentsBasket
|
229600000 | USD |
CY2018Q4 | mho |
Restricted Payments Basket
RestrictedPaymentsBasket
|
215200000 | USD |
CY2019Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
5100000 | USD |
CY2018Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
5900000 | USD |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
30246000 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
27911000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
47969000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
45974000 | USD | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
30246000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
27911000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
47969000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
46383000 | USD | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27599000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28571000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27549000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28349000 | shares | |
CY2019Q2 | mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
308000 | shares |
CY2018Q2 | mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
353000 | shares |
mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
276000 | shares | |
mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
409000 | shares | |
CY2019Q2 | mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
183000 | shares |
CY2018Q2 | mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
177000 | shares |
mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
202000 | shares | |
mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
194000 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28090000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29101000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28027000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29818000 | shares | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.10 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.98 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.74 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.62 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.96 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.71 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.56 | ||
CY2019Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
412000 | shares |
CY2018Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
434000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
714000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
326000 | shares | |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11000000.0 | USD |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5600000 | USD |
CY2019Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.266 | Rate |
CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.168 | Rate |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16700000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11400000 | USD | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.258 | Rate | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.199 | Rate | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
3000000.0 | USD |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
623686000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
558098000 | USD |
us-gaap |
Revenues
Revenues
|
1104795000 | USD | |
us-gaap |
Revenues
Revenues
|
995955000 | USD | |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
46213000 | USD |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
38505000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
76605000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
69646000 | USD | |
CY2019Q2 | us-gaap |
Interest Expense
InterestExpense
|
5197000 | USD |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
4888000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
11989000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
10766000 | USD | |
CY2019Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
187000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-86000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
66000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
224000 | USD | |
CY2019Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
0 | USD |
CY2018Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
0 | USD |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
0 | USD | |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1700000 | USD | |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
41203000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
33531000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
64682000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
57404000 | USD | |
CY2019Q2 | mho |
Purchase Accounting Adjustments
PurchaseAccountingAdjustments
|
100000 | USD |
CY2018Q2 | mho |
Purchase Accounting Adjustments
PurchaseAccountingAdjustments
|
3000000.0 | USD |
mho |
Purchase Accounting Adjustments
PurchaseAccountingAdjustments
|
600000 | USD | |
mho |
Purchase Accounting Adjustments
PurchaseAccountingAdjustments
|
3900000 | USD | |
CY2019Q2 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
32353000 | USD |
CY2019Q2 | mho |
Inventory Segments
InventorySegments
|
1731126000 | USD |
CY2019Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
41344000 | USD |
CY2019Q2 | mho |
Other Combined Assets
OtherCombinedAssets
|
284383000 | USD |
CY2019Q2 | us-gaap |
Assets
Assets
|
2089206000 | USD |
CY2018Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
33662000 | USD |
CY2018Q4 | mho |
Inventory Segments
InventorySegments
|
1640798000 | USD |
CY2018Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
35870000 | USD |
CY2018Q4 | mho |
Other Combined Assets
OtherCombinedAssets
|
311251000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
2021581000 | USD |
CY2019Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
5600000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19400000 | USD |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
623686000 | USD |
CY2019Q2 | mho |
Land And Housing Costs
LandAndHousingCosts
|
503857000 | USD |
CY2019Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36164000 | USD |
CY2019Q2 | us-gaap |
Selling Expense
SellingExpense
|
37452000 | USD |
CY2019Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
187000 | USD |
CY2019Q2 | us-gaap |
Interest Expense
InterestExpense
|
5197000 | USD |
CY2019Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
582483000 | USD |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
41203000 | USD |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10957000 | USD |
CY2019Q2 | mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
30246000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
558098000 | USD |
CY2018Q2 | mho |
Land And Housing Costs
LandAndHousingCosts
|
449336000 | USD |
CY2018Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34666000 | USD |
CY2018Q2 | us-gaap |
Selling Expense
SellingExpense
|
35591000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-86000 | USD |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
4888000 | USD |
CY2018Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
524567000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
33531000 | USD |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5620000 | USD |
CY2018Q2 | mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27911000 | USD |
us-gaap |
Revenues
Revenues
|
1104795000 | USD | |
mho |
Land And Housing Costs
LandAndHousingCosts
|
892324000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
66863000 | USD | |
us-gaap |
Selling Expense
SellingExpense
|
69003000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
66000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
11989000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
1040113000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
64682000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16713000 | USD | |
mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
47969000 | USD | |
us-gaap |
Revenues
Revenues
|
995955000 | USD | |
mho |
Land And Housing Costs
LandAndHousingCosts
|
798038000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
62617000 | USD | |
us-gaap |
Selling Expense
SellingExpense
|
65654000 | USD | |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1700000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
224000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
10766000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
938551000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
57404000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11430000 | USD | |
mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
45974000 | USD | |
CY2019Q2 | mho |
Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
|
20393000 | USD |
CY2019Q2 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
123909000 | USD |
CY2019Q2 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1763479000 | USD |
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28094000 | USD |
CY2019Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
41344000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19397000 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
12594000 | USD |
CY2019Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2019Q2 | mho |
Intercompanyassets
Intercompanyassets
|
0 | USD |
CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
16400000 | USD |
CY2019Q2 | us-gaap |
Other Assets
OtherAssets
|
63596000 | USD |
CY2019Q2 | us-gaap |
Assets
Assets
|
2089206000 | USD |
CY2019Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
154070000 | USD |
CY2019Q2 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
38048000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
19397000 | USD |
CY2019Q2 | mho |
Intercompanyliabilities
Intercompanyliabilities
|
0 | USD |
CY2019Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
120813000 | USD |
CY2019Q2 | mho |
Community Development District Obligations
CommunityDevelopmentDistrictObligations
|
10866000 | USD |
CY2019Q2 | mho |
Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
|
13109000 | USD |
CY2019Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
174300000 | USD |
CY2019Q2 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
104003000 | USD |
CY2019Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
5092000 | USD |
CY2019Q2 | mho |
Seniornotesdue2021
Seniornotesdue2021
|
298436000 | USD |
CY2019Q2 | mho |
Seniornotesdue2025
Seniornotesdue2025
|
246832000 | USD |
CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
1184966000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
904240000 | USD |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2089206000 | USD |
CY2018Q4 | mho |
Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
|
21529000 | USD |
CY2018Q4 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
169651000 | USD |
CY2018Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1674460000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
29395000 | USD |
CY2018Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
35870000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
13482000 | USD |
CY2018Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2018Q4 | mho |
Intercompanyassets
Intercompanyassets
|
0 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
16400000 | USD |
CY2018Q4 | us-gaap |
Other Assets
OtherAssets
|
60794000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
2021581000 | USD |
CY2018Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
131511000 | USD |
CY2018Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
32055000 | USD |
CY2018Q4 | mho |
Intercompanyliabilities
Intercompanyliabilities
|
0 | USD |
CY2018Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
150051000 | USD |
CY2018Q4 | mho |
Community Development District Obligations
CommunityDevelopmentDistrictObligations
|
12392000 | USD |
CY2018Q4 | mho |
Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
|
19308000 | USD |
CY2018Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
117400000 | USD |
CY2018Q4 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
153168000 | USD |
CY2018Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
5938000 | USD |
CY2018Q4 | mho |
Seniornotesdue2021
Seniornotesdue2021
|
297884000 | USD |
CY2018Q4 | mho |
Seniornotesdue2025
Seniornotesdue2025
|
246571000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
1166278000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
855303000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2021581000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10617000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1599000 | USD | |
mho |
Intercompany Investing
IntercompanyInvesting
|
0 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
15281000 | USD | |
mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
150000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-16730000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
374500000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
317600000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-49165000 | USD | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-845000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3277000 | USD | |
mho |
Intercompany Financing
IntercompanyFinancing
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5150000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
40000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4977000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1136000 | USD | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21529000 | USD |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20393000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20925000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4615000 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
100960000 | USD | |
mho |
Intercompany Investing
IntercompanyInvesting
|
0 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
4321000 | USD | |
mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
676000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
6335000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-102885000 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
-65941000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
353900000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
172100000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-75032000 | USD | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-1214000 | USD | |
mho |
Intercompany Financing
IntercompanyFinancing
|
0 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
115000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
426000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
39924000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-83886000 | USD | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
151703000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
67817000 | USD |
CY2019Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | USD |
CY2019Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
200000 | shares |
CY2019Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
5200000 | USD |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
1300000 | shares | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
30900000 | USD | |
CY2019Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
19100000 | USD |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
623686000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
558098000 | USD |
us-gaap |
Revenues
Revenues
|
1104795000 | USD | |
us-gaap |
Revenues
Revenues
|
995955000 | USD | |
CY2019Q2 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-2600000 | USD |
CY2018Q2 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
200000 | USD |
us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-6000000.0 | USD | |
us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
3200000 | USD | |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
623686000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
558098000 | USD |
us-gaap |
Revenues
Revenues
|
1104795000 | USD | |
us-gaap |
Revenues
Revenues
|
995955000 | USD | |
CY2019Q2 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-2600000 | USD |
CY2018Q2 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
200000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2479000 | USD |
us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-6000000.0 | USD | |
us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
3200000 | USD | |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
20900000 | USD |
mho |
Leasesnotyetcommenced
Leasesnotyetcommenced
|
25000000 | USD | |
mho |
Increasein Operatingleasesduetonewleases
IncreaseinOperatingleasesduetonewleases
|
1100000 | USD | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2600000 | USD | |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19400000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1547000 | USD |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3092000 | USD | |
CY2019Q2 | us-gaap |
Variable Lease Payment
VariableLeasePayment
|
473000 | USD |
us-gaap |
Variable Lease Payment
VariableLeasePayment
|
878000 | USD | |
CY2019Q2 | us-gaap |
Short Term Lease Payments
ShortTermLeasePayments
|
459000 | USD |
us-gaap |
Short Term Lease Payments
ShortTermLeasePayments
|
877000 | USD | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4847000 | USD | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y2M12D | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | Rate |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
3058000 | USD |
CY2019Q2 | mho |
Lessee Operating Lease Liability Payments Due Year One
LesseeOperatingLeaseLiabilityPaymentsDueYearOne
|
5425000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
4644000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
3986000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2735000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1480000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
274000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21602000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
-2205000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
19397000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
22500000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
5500000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
4400000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4100000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
3800000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
2800000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
1900000 | USD |