Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2012

Supplemental Guarantor Information [Abstract]

Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block]

In the condensed financial tables presented below, the parent company presents all of its wholly-owned subsidiaries as if they were accounted for under the equity method. All applicable corporate expenses have been allocated appropriately among the Guarantor Subsidiaries and Non-Guarantor Subsidiaries.

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Three Months Ended June 30, 2012
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	166,070		$	4,924	$	—		$	170,994
Costs and expenses:
Land and housing	—		137,111			—		—			137,111
Impairment of inventory and investment in     Unconsolidated LLCs	—		472			—		—			472
General and administrative	—		11,033			2,793		—			13,826
Selling	—		12,825			—		—			12,825
Interest	—		3,150			311		—			3,461
Total costs and expenses	—		164,591			3,104		—			167,695
Income (loss) before income taxes	—		1,479			1,820		—			3,299
(Benefit) provision for income taxes	—		(519		)	614		—			95
Equity in subsidiaries	3,204		—			—		(3,204		)	—
Net income (loss)	$	3,204	$	1,998		$	1,206	$	(3,204	)	$	3,204

	Three Months Ended June 30, 2011
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue	$	—		$	134,149		$	3,295	$	—	$	137,444
Costs and expenses:
Land and housing	—			114,043			—		—		114,043
Impairment of inventory and investment in     Unconsolidated LLCs	—			5,445			—		—		5,445
General and administrative	—			10,994			1,772		—		12,766
Selling	—			10,754			—		—		10,754
Interest	—			3,294			171		—		3,465
Total costs and expenses	—			144,530			1,943		—		146,473
(Loss) income before income taxes	—			(10,381		)	1,352		—		(9,029		)
(Benefit) provision for income taxes	—			(282		)	397		—		115
Equity in subsidiaries	(9,144		)	—			—		9,144		—
Net (loss) income	$	(9,144	)	$	(10,099	)	$	955	$	9,144	$	(9,144	)

	Six Months Ended June 30, 2012
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	292,879		$	9,240	$	—		$	302,119
Costs and expenses:
Land and housing	—		244,441			—		—			244,441
Impairment of inventory and investment in     Unconsolidated LLCs	—		567			—		—			567
General and administrative	—		21,513			4,770		—			26,283
Selling	—		23,835			1		—			23,836
Interest	—		7,388			679		—			8,067
Total costs and expenses	—		297,744			5,450		—			303,194
(Loss) income before income taxes	—		(4,865		)	3,790		—			(1,075		)
(Benefit) provision for income taxes	—		(2,400		)	1,307		—			(1,093		)
Equity in subsidiaries	18		—			—		(18		)	—
Net income (loss)	$	18	$	(2,465	)	$	2,483	$	(18	)	$	18

	Six Months Ended June 30, 2011
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue	$	—		$	241,519		$	6,495	$	—	$	248,014
Costs and expenses:
Land and housing	—			206,617			—		—		206,617
Impairment of inventory and investment in     Unconsolidated LLCs	—			16,316			—		—		16,316
General and administrative	—			20,692			3,476		—		24,168
Selling	—			19,408			—		—		19,408
Interest	—			7,059			441		—		7,500
Total costs and expenses	—			270,092			3,917		—		274,009
(Loss) income before income taxes	—			(28,573		)	2,578		—		(25,995		)
(Benefit) provision for income taxes	—			(637		)	825		—		188
Equity in subsidiaries	(26,183		)	—			—		26,183		—
Net (loss) income	$	(26,183	)	$	(27,936	)	$	1,753	$	26,183	$	(26,183	)

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2012
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	27,914		$	16,383		$	—		$	44,297
Restricted cash	—		12,593			—			—			12,593
Mortgage loans held for sale	—		—			49,779			—			49,779
Inventory	—		521,956			—			—			521,956
Property and equipment - net	—		12,812			90			—			12,902
Investment in Unconsolidated LLCs	—		—			10,904			—			10,904
Investment in subsidiaries	379,727		—			—			(379,727		)	—
Intercompany	115,581		(105,709		)	(9,872		)	—			—
Other assets	7,308		10,255			766			—			18,329
TOTAL ASSETS	$	502,616	$	479,821		$	68,050		$	(379,727	)	$	670,760
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	50,625		$	682		$	—		$	51,307
Customer deposits	—		10,508			—			—			10,508
Other liabilities	—		32,995			4,859			—			37,854
Community development district obligations	—		5,326			—			—			5,326
Obligation for consolidated inventory not owned	—		6,040			—			—			6,040
Note payable bank - financial services operations	—		—			46,343			—			46,343
Note payable - other	—		10,766			—			—			10,766
Senior notes	227,470		—			—			—			227,470
TOTAL LIABILITIES	227,470		116,260			51,884			—			395,614
Shareholders' equity	275,146		363,561			16,166			(379,727		)	275,146
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	502,616	$	479,821		$	68,050		$	(379,727	)	$	670,760

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2011
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	43,539		$	16,254		$	—		$	59,793
Restricted cash	—		41,334			—			—			41,334
Mortgage loans held for sale	—		—			57,275			—			57,275
Inventory	—		466,772			—			—			466,772
Property and equipment - net	—		14,241			117			—			14,358
Investment in Unconsolidated LLCs	—		—			10,357			—			10,357
Investment in subsidiaries	381,709		—			—			(381,709		)	—
Intercompany	125,272		(115,058		)	(10,214		)	—			—
Other assets	5,385		8,455			756			—			14,596
TOTAL ASSETS	$	512,366	$	459,283		$	74,545		$	(381,709	)	$	664,485
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	40,759		$	497		$	—		$	41,256
Customer deposits	—		4,181			—			—			4,181
Other liabilities	—		33,589			5,759			—			39,348
Community development district obligations	—		5,983			—			—			5,983
Obligation for consolidated inventory not owned	—		2,944			—			—			2,944
Note payable bank - financial services operations	—		—			52,606			—			52,606
Note payable - other	—		5,801			—			—			5,801
Senior notes	239,016		—			—			—			239,016
TOTAL LIABILITIES	239,016		93,257			58,862			—			391,135
Shareholders' equity	273,350		366,026			15,683			(381,709		)	273,350
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	512,366	$	459,283		$	74,545		$	(381,709	)	$	664,485

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

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2011
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	43,539		$	16,254		$	—		$	59,793
Restricted cash	—		41,334			—			—			41,334
Mortgage loans held for sale	—		—			57,275			—			57,275
Inventory	—		466,772			—			—			466,772
Property and equipment - net	—		14,241			117			—			14,358
Investment in Unconsolidated LLCs	—		—			10,357			—			10,357
Investment in subsidiaries	381,709		—			—			(381,709		)	—
Intercompany	125,272		(115,058		)	(10,214		)	—			—
Other assets	5,385		8,455			756			—			14,596
TOTAL ASSETS	$	512,366	$	459,283		$	74,545		$	(381,709	)	$	664,485
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	40,759		$	497		$	—		$	41,256
Customer deposits	—		4,181			—			—			4,181
Other liabilities	—		33,589			5,759			—			39,348
Community development district obligations	—		5,983			—			—			5,983
Obligation for consolidated inventory not owned	—		2,944			—			—			2,944
Note payable bank - financial services operations	—		—			52,606			—			52,606
Note payable - other	—		5,801			—			—			5,801
Senior notes	239,016		—			—			—			239,016
TOTAL LIABILITIES	239,016		93,257			58,862			—			391,135
Shareholders' equity	273,350		366,026			15,683			(381,709		)	273,350
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	512,366	$	459,283		$	74,545		$	(381,709	)	$	664,485

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Six Months Ended June 30, 2012
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	—		$	(32,922	)	$	9,393		$	—	$	(23,529	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash	—			28,756			—			—		28,756
Purchase of property and equipment	—			(242		)	(10		)	—		(252		)
Acquisition, net of cash acquired	—			(4,707		)	—			—		(4,707		)
Investments in and advances to Unconsolidated LLC's	—			—			(563		)	—		(563		)
Return of investment from Unconsolidated LLCs	—			—			—			—		—
Net cash provided by (used in) investing activities	—			23,807			(573		)	—		23,234
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Senior Notes	(41,443		)	—			—			—		(41,443		)
Repayments of bank borrowings - net	—			—			(6,263		)	—		(6,263		)
Principal repayments of note payable - other and   community development district bond obligations	—			4,965			—			—		4,965
Proceeds from issuance of senior notes	29,700			—			—			—		29,700
Intercompany financing	11,003			(8,606		)	(2,397		)	—		—
Debt issue costs	—			(2,869		)	(31		)	—		(2,900		)
Proceeds from exercise of stock options	740			—			—			—		740
Excess tax benefits from stock-based payment arrangements	—			—			—			—		—
Net cash used in financing activities	—			(6,510		)	(8,691		)	—		(15,201		)
Net (decrease) increase in cash and cash equivalents	—			(15,625		)	129			—		(15,496		)
Cash and cash equivalents balance at beginning of period	—			43,539			16,254			—		59,793
Cash and cash equivalents balance at end of period	$	—		$	27,914		$	16,383		$	—	$	44,297

	Six Months Ended June 30, 2011
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	—		$	(20,847	)	$	12,328		$	—	$	(8,519	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash	—			(23,248		)	—			—		(23,248		)
Purchase of property and equipment	—			(699		)	(10		)	—		(709		)
Acquisition, net of cash acquired	—			(4,654		)	—			—		(4,654		)
Investments in and advances to Unconsolidated LLC's	—			—			(454		)	—		(454		)
Return of investment from Unconsolidated LLCs	—			—			21			—		21
Net cash used in investing activities	—			(28,601		)	(443		)	—		(29,044		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of bank borrowings - net	—			—			(64		)	—		(64		)
Principal repayments of note payable - other and   community development district bond obligations	—			(52		)	—			—		(52		)
Intercompany financing	(1,591		)	6,638			(5,047		)	—		—
Debt issue costs	—			(150		)	(70		)	—		(220		)
Proceeds from exercise of stock options	1,433			—			—			—		1,433
Excess tax deficiency from stock-based payment arrangements	158			—			—			—		158
Net cash provided by (used in) financing activities	—			6,436			(5,181		)	—		1,255
Net (decrease) increase in cash and cash equivalents	—			(43,012		)	6,704			—		(36,308		)
Cash and cash equivalents balance at beginning of period	—			71,874			9,334			—		81,208
Cash and cash equivalents balance at end of period	$	—		$	28,862		$	16,038		$	—	$	44,900