2024 Q2 Form 10-Q Financial Statement
#000079929224000039 Filed on April 26, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $1.110B | $1.047B |
| YoY Change | 9.44% | 4.61% |
| Cost Of Revenue | $800.5M | $763.4M |
| YoY Change | 5.91% | -0.33% |
| Gross Profit | $309.3M | $283.3M |
| YoY Change | 19.79% | 20.76% |
| Gross Profit Margin | 27.87% | 27.07% |
| Selling, General & Admin | $122.5M | $110.0M |
| YoY Change | 13.92% | 9.98% |
| % of Gross Profit | 39.6% | 38.83% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $3.799M | $3.304M |
| YoY Change | 5.62% | 2.8% |
| % of Gross Profit | 1.23% | 1.17% |
| Operating Expenses | $122.5M | $110.0M |
| YoY Change | 13.92% | 9.98% |
| Operating Profit | $186.8M | $173.3M |
| YoY Change | 23.98% | 28.78% |
| Interest Expense | $7.348M | $6.920M |
| YoY Change | 56.41% | 395.7% |
| % of Operating Profit | 3.93% | 3.99% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $194.1M | $180.2M |
| YoY Change | 24.96% | 32.55% |
| Income Tax | $47.40M | $42.20M |
| % Of Pretax Income | 24.42% | 23.41% |
| Net Earnings | $146.7M | $138.1M |
| YoY Change | 24.36% | 33.95% |
| Net Earnings / Revenue | 13.22% | 13.19% |
| Basic Earnings Per Share | $5.26 | $4.92 |
| Diluted Earnings Per Share | $5.12 | $4.78 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 27.75M shares | 27.81M shares |
| Diluted Shares Outstanding | 28.67M shares | 28.89M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $837.5M | $870.2M |
| YoY Change | 25.31% | 60.38% |
| Cash & Equivalents | $837.5M | $870.2M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | $2.938B | $2.774B |
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $3.776B | $3.644B |
| YoY Change | 12.54% | 13.89% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $36.44M | $33.15M |
| YoY Change | -61.19% | -11.42% |
| Goodwill | $16.40M | $16.40M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $46.18M | $59.15M |
| YoY Change | 9.98% | 20.63% |
| Other Assets | $242.6M | $250.4M |
| YoY Change | 16.14% | 2.33% |
| Total Long-Term Assets | $564.1M | $567.6M |
| YoY Change | 11.39% | 0.93% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.776B | $3.644B |
| Total Long-Term Assets | $564.1M | $567.6M |
| Total Assets | $4.340B | $4.212B |
| YoY Change | 12.39% | 11.95% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $278.9M | $225.0M |
| YoY Change | 5.37% | 7.94% |
| Accrued Expenses | $58.04M | $59.16M |
| YoY Change | -2.38% | -2.63% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $336.9M | $284.1M |
| YoY Change | -20.2% | -22.58% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $917.2M | $918.4M |
| YoY Change | 4.28% | 0.22% |
| Other Long-Term Liabilities | $344.9M | $370.6M |
| YoY Change | 31.84% | 25.32% |
| Total Long-Term Liabilities | $1.262B | $1.289B |
| YoY Change | 10.6% | 6.34% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $336.9M | $284.1M |
| Total Long-Term Liabilities | $1.262B | $1.289B |
| Total Liabilities | $1.599B | $1.573B |
| YoY Change | 2.28% | -0.38% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $2.586B | $2.439B |
| YoY Change | 25.72% | 25.8% |
| Common Stock | $350.9M | $348.3M |
| YoY Change | 0.12% | -0.56% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $195.9M | $149.0M |
| YoY Change | 79.69% | 40.37% |
| Treasury Stock Shares | ||
| Shareholders Equity | $2.741B | $2.639B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.340B | $4.212B |
| YoY Change | 12.39% | 11.95% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $146.7M | $138.1M |
| YoY Change | 24.36% | 33.95% |
| Depreciation, Depletion And Amortization | $3.799M | $3.304M |
| YoY Change | 5.62% | 2.8% |
| Cash From Operating Activities | $27.51M | $115.8M |
| YoY Change | -83.45% | -53.97% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $5.494M | $276.0K |
| YoY Change | 12676.74% | -86.72% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$4.939M | -$16.83M |
| YoY Change | -342.82% | 520.19% |
| Cash From Investing Activities | -$10.43M | -$17.11M |
| YoY Change | -624.01% | 256.94% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -49.78M | $38.69M |
| YoY Change | 17.25% | -346.71% |
| NET CHANGE | ||
| Cash From Operating Activities | 27.51M | $115.8M |
| Cash From Investing Activities | -10.43M | -$17.11M |
| Cash From Financing Activities | -49.78M | $38.69M |
| Net Change In Cash | -32.70M | $137.4M |
| YoY Change | -126.01% | -40.54% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $27.51M | $115.8M |
| Capital Expenditures | $5.494M | $276.0K |
| Free Cash Flow | $22.02M | $115.5M |
| YoY Change | -86.75% | -53.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | mho |
Equityinvestedin Ll Cs
EquityinvestedinLLCs
|
5600000 | usd |
| CY2023Q4 | mho |
Equityinvestedin Ll Cs
EquityinvestedinLLCs
|
5600000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7000 | usd |
| CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
| CY2023Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | usd |
| CY2023Q1 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | usd |
| CY2024Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1000000.0 | usd |
| CY2023Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1000000.0 | usd |
| CY2024Q1 | mho |
Homebuildingoperationspercentoftotalrevenue
Homebuildingoperationspercentoftotalrevenue
|
0.97 | rate |
| CY2023Q1 | mho |
Homebuildingoperationspercentoftotalrevenue
Homebuildingoperationspercentoftotalrevenue
|
0.97 | rate |
| CY2024Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
763360000 | usd |
| CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
765904000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
56084000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
50960000 | usd |
| CY2024Q1 | us-gaap |
Selling Expense
SellingExpense
|
53940000 | usd |
| CY2023Q1 | us-gaap |
Selling Expense
SellingExpense
|
49080000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7000 | usd |
| CY2024Q1 | mho |
Interest Income Net Of Interest Expense
InterestIncomeNetOfInterestExpense
|
6920000 | usd |
| CY2023Q1 | mho |
Interest Income Net Of Interest Expense
InterestIncomeNetOfInterestExpense
|
1389000 | usd |
| CY2024Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
866464000 | usd |
| CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
864548000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
180239000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
135982000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
42178000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32916000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138061000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
103066000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.92 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.73 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.78 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.64 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28052000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27602000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28888000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28305000 | shares |
| CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2516939000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
138061000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
5495000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3539000 | usd |
| CY2024Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
25278000 | usd |
| CY2024Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
29000 | usd |
| CY2024Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
|
0 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2638785000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2070725000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
103066000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
6439000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2023000 | usd |
| CY2023Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
962000 | usd |
| CY2023Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
|
0 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2183215000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138061000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
103066000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
542564000 | usd |
| CY2024Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
600946000 | usd |
| CY2023Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
494461000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
539379000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
514346000 | usd |
| CY2024Q1 | mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
2849000 | usd |
| CY2023Q1 | mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
-3975000 | usd |
| CY2024Q1 | mho |
Additions Of Servicing Asset
AdditionsOfServicingAsset
|
-1127000 | usd |
| CY2023Q1 | mho |
Additions Of Servicing Asset
AdditionsOfServicingAsset
|
-1390000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
355000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
523000 | usd |
| CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
3304000 | usd |
| CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
3214000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
808000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
660000 | usd |
| CY2024Q1 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
2613000 | usd |
| CY2023Q1 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
0 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3539000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2023000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-15775000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-175316000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
3808000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4564000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
20294000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-20171000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
7388000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
4682000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-40047000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-38969000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
32561000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
11206000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
115772000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
251499000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
276000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2079000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
23685000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
2714000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
6853000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17108000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4793000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
58477000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-22123000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
25278000 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5495000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
6439000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
38694000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-15684000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
137358000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
231022000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
732804000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
311542000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
870162000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7788000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8458000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
683000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
838000 | usd |
| CY2024Q1 | mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-2215000 | usd |
| CY2023Q1 | mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-2641000 | usd |
| CY2024Q1 | mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
-12291000 | usd |
| CY2023Q1 | mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
2600000 | usd |
| CY2024Q1 | mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
8550000 | usd |
| CY2023Q1 | mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
5244000 | usd |
| CY2024Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 December 31, 2023 (the “2023 Form 10-K”).</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 2023 Form 10-K, as the same may be updated from time to time in our subsequent filings with the SEC. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Impact of New Accounting Standards and SEC Guidance.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2023-07”). ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. ASU 2023-07 will be applied retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2023, and interim reporting periods in fiscal years beginning after December 31, 2024. The Company is currently evaluating the impact the adoption of ASU 2023-07 may have on our consolidated financial statements and disclosures, but we do not expect the impact to be significant. </span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU No. 2023-09, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes (Topic 740): Improvements to Income Tax Disclosures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2023-09”). ASU 2023-09 requires public companies to annually (1) disclose specific categories in the income tax rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). ASU 2023-09 will be effective for the annual reporting periods in fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact the adoption of ASU 2023-09 may have on our consolidated financial statements and disclosures, but we do not expect the impact to be significant.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2024, the SEC issued Final Rule Release No. 33-11275, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">The Enhancement and Standardization of Climate-Related Disclosures for Investors</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. This rule will require registrants to disclose certain climate-related information in registration statements and annual reports. The rules require information about a registrant’s climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks will also include disclosure of a registrant’s greenhouse gas emissions. In addition, the rules will require registrants to present certain climate-related financial metrics in their audited financial statements. These requirements are effective for the Company in various fiscal years, starting with the disclosure requirements in the Company's fiscal year beginning January 1, 2025. Disclosures will be required prospectively, with information for prior periods required only to the extent it was previously disclosed in an SEC filing. The Company is currently evaluating the final rule to determine its impact on the Company's </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">disclosures. The Rule is currently the subject of litigation in the 8th Circuit Court of Appeals. On April 4, 2024, the SEC voluntarily stayed the implementation of the Rule pending completion of the litigation. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been no significant changes to our significant accounting policies during the quarter ended March 31, 2024 as compared to those disclosed in our 2023 Form 10-K.</span></div> | |
| CY2024Q1 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
1448459000 | usd |
| CY2023Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
1446576000 | usd |
| CY2024Q1 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
136000 | usd |
| CY2023Q4 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
6932000 | usd |
| CY2024Q1 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
1169791000 | usd |
| CY2023Q4 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
1177101000 | usd |
| CY2024Q1 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
11120000 | usd |
| CY2023Q4 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
10940000 | usd |
| CY2024Q1 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
72567000 | usd |
| CY2023Q4 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
68696000 | usd |
| CY2024Q1 | mho |
Community Development District
CommunityDevelopmentDistrict
|
17124000 | usd |
| CY2023Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
19339000 | usd |
| CY2024Q1 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
51480000 | usd |
| CY2023Q4 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
51608000 | usd |
| CY2024Q1 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
14608000 | usd |
| CY2023Q4 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
26899000 | usd |
| CY2024Q1 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
2774165000 | usd |
| CY2023Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
2797151000 | usd |
| CY2024Q1 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
1896 | homes |
| CY2024Q1 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
366900000 | usd |
| CY2023Q4 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
2023 | |
| CY2023Q4 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
424200000 | usd |
| CY2024Q1 | mho |
Community Development District
CommunityDevelopmentDistrict
|
17100000 | usd |
| CY2023Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
19300000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
32144000 | usd |
| CY2022Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
29625000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
8950000 | usd |
| CY2023Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
9024000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
8302000 | usd |
| CY2023Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
8040000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
32792000 | usd |
| CY2023Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
30609000 | usd |
| CY2024Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
2030000 | usd |
| CY2023Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
7635000 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
59100000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
44000000 | usd |
| CY2024Q1 | mho |
Increasedecreaseininvestmentsinunconsolidatedjointventuresandothersimilararrangements
Increasedecreaseininvestmentsinunconsolidatedjointventuresandothersimilararrangements
|
15100000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
23700000 | usd |
| CY2024Q1 | mho |
Distribution Of Single Family Lots From Unconsolidated Llcs
DistributionOfSingleFamilyLotsFromUnconsolidatedLlcs
|
8600000 | usd |
| CY2024Q1 | mho |
Companysinvestmentinjointdevelopmentorsimilaragreements
Companysinvestmentinjointdevelopmentorsimilaragreements
|
53500000 | usd |
| CY2023Q4 | mho |
Companysinvestmentinjointdevelopmentorsimilaragreements
Companysinvestmentinjointdevelopmentorsimilaragreements
|
38400000 | usd |
| CY2024Q1 | mho |
Equityinvestedin Ll Cs
EquityinvestedinLLCs
|
5600000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
59100000 | usd |
| CY2024Q1 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
215306000 | usd |
| CY2023Q4 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
174274000 | usd |
| CY2024Q1 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
217000000 | usd |
| CY2023Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
174000000 | usd |
| CY2024Q1 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
7797000 | usd |
| CY2023Q4 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
10398000 | usd |
| CY2024Q1 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
209000000 | usd |
| CY2023Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
152000000 | usd |
| CY2024Q1 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
225360000 | usd |
| CY2023Q4 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
160547000 | usd |
| CY2024Q1 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
2643000 | usd |
| CY2023Q1 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
8328000 | usd |
| CY2024Q1 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Asset
EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset
|
2778000 | usd |
| CY2024Q1 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
1224000 | usd |
| CY2023Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Asset
EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset
|
3617000 | usd |
| CY2023Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
7555000 | usd |
| CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | usd |
| CY2024Q1 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
531300000 | usd |
| CY2023Q4 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
544500000 | usd |
| CY2024Q1 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
4300000 | usd |
| CY2023Q4 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
6300000 | usd |
| CY2024Q1 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
1200000 | usd |
| CY2023Q4 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
1700000 | usd |
| CY2023Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
31980000 | usd |
| CY2022Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
32902000 | usd |
| CY2024Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5599000 | usd |
| CY2023Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5373000 | usd |
| CY2024Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
22000 | usd |
| CY2023Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
643000 | usd |
| CY2024Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
5338000 | usd |
| CY2023Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
5725000 | usd |
| CY2024Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
32263000 | usd |
| CY2023Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
33193000 | usd |
| CY2024Q1 | mho |
Letters Of Credit And Bonds
LettersOfCreditAndBonds
|
438700000 | usd |
| CY2024Q1 | mho |
Outstanding Performance Bonds
OutstandingPerformanceBonds
|
360700000 | usd |
| CY2024Q1 | mho |
Performance Letters Of Credit Outstanding
PerformanceLettersOfCreditOutstanding
|
59400000 | usd |
| CY2024Q1 | mho |
Financial Letters Of Credit
FinancialLettersOfCredit
|
11500000 | usd |
| CY2024Q1 | mho |
Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts
|
11000000 | usd |
| CY2024Q1 | mho |
Financial Bonds
FinancialBonds
|
4600000 | usd |
| CY2024Q1 | mho |
Corporate Notes
CorporateNotes
|
2500000 | usd |
| CY2024Q1 | us-gaap |
Purchase Options Land
PurchaseOptionsLand
|
1130000000 | usd |
| CY2024Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
2030000000.00 | usd |
| CY2024Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
| CY2024Q1 | mho |
Letters Of Credit Outstanding Under Credit Facility
LettersOfCreditOutstandingUnderCreditFacility
|
70800000 | usd |
| CY2024Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
579200000 | usd |
| CY2024Q1 | mho |
Maximum Borrowing Availability Under All Credit Lines
MaximumBorrowingAvailabilityUnderAllCreditLines
|
240000000 | usd |
| CY2023Q4 | mho |
Maximum Borrowing Availability Under All Credit Lines
MaximumBorrowingAvailabilityUnderAllCreditLines
|
300000000 | usd |
| CY2024Q1 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
224300000 | usd |
| CY2023Q4 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
165800000 | usd |
| CY2024Q1 | us-gaap |
Equity Restrictions
EquityRestrictions
|
852500000 | usd |
| CY2023Q4 | us-gaap |
Equity Restrictions
EquityRestrictions
|
813700000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138061000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
103066000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28052000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27602000 | shares |
| CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
836000 | shares |
| CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
703000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28888000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28305000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.92 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.73 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.78 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.64 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
266000 | shares |
| CY2024Q1 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
600000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
900000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
42200000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32900000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.234 | rate |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.242 | rate |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
1046703000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
1000530000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
173319000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
134586000 | usd |
| CY2024Q1 | mho |
Interest Income Net Of Interest Expense
InterestIncomeNetOfInterestExpense
|
6920000 | usd |
| CY2023Q1 | mho |
Interest Income Net Of Interest Expense
InterestIncomeNetOfInterestExpense
|
1389000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
180239000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
135982000 | usd |
| CY2024Q1 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
51480000 | usd |
| CY2024Q1 | mho |
Inventory Segments
InventorySegments
|
2722685000 | usd |
| CY2024Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
59146000 | usd |
| CY2024Q1 | mho |
Other Combined Assets
OtherCombinedAssets
|
1378640000 | usd |
| CY2024Q1 | us-gaap |
Assets
Assets
|
4211951000 | usd |
| CY2023Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
51608000 | usd |
| CY2023Q4 | mho |
Inventory Segments
InventorySegments
|
2745543000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
44011000 | usd |
| CY2023Q4 | mho |
Other Combined Assets
OtherCombinedAssets
|
1181278000 | usd |
| CY2023Q4 | us-gaap |
Assets
Assets
|
4022440000 | usd |
| CY2021Q3 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
100000000 | usd |
| CY2022Q1 | mho |
Stock Repurchase Program Authorized Amount Increasedecrease
StockRepurchaseProgramAuthorizedAmountIncreasedecrease
|
100000000 | usd |
| CY2023Q4 | mho |
Stock Repurchase Program Authorized Amount Increasedecrease
StockRepurchaseProgramAuthorizedAmountIncreasedecrease
|
100000000 | usd |
| CY2024Q1 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
300000000 | usd |
| CY2024Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
200000 | shares |
| CY2024Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
25300000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
102500000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
1046703000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
1000530000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-2900000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
4200000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
4211261 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
974452 | shares |
| CY2024Q1 | mho |
Percentageweightof Ps Usrelatedtoperformancecondition
PercentageweightofPSUsrelatedtoperformancecondition
|
0.80 | rate |
| CY2024Q1 | mho |
Percentageweightof Ps Usrelatedtomarketcondition
PercentageweightofPSUsrelatedtomarketcondition
|
0.20 | rate |
| CY2024Q1 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
300000000 | usd |
