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Supplemental Guarantor Information Supplemental Guarantor Information (Tables)
9 Months Ended
Sep. 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 September 30, 2012
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Non-Guarantor Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
Revenue
 
$
—

$
202,492

$
6,383

$
—

$
208,875

Costs and expenses:
 
 
 
 
 
 
  Land and housing
 
—

164,452

—

—

164,452

  Impairment of inventory and investment in
    Unconsolidated LLCs
 
—

1,309

—

—

1,309

  General and administrative
 
—

13,425

2,591

—

16,016

  Selling
 
—

14,647

—

—

14,647

  Interest
 
—

3,584

415

—

3,999

Total costs and expenses
 
—

197,417

3,006

—

200,423

 
 
 
 
 
 
 
Income before income taxes
 
—

5,075

3,377

—

8,452

 
 
 
 
 
 
 
(Benefit) provision for income taxes
 
—

(1,003
)
1,141

—

138

 
 
 
 
 
 
 
Equity in subsidiaries
 
8,314

—

—

(8,314
)
—

 
 
 
 
 
 
 
Net income
 
$
8,314

$
6,078

$
2,236

$
(8,314
)
$
8,314


 
 
Three Months Ended September 30, 2011
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Non-Guarantor Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
Revenue
 
$
—

$
138,752

$
2,872

$
—

$
141,624

Costs and expenses:
 
 
 
 
 
 
  Land and housing
 
—

116,269

—

—

116,269

  Impairment of inventory and investment in
    Unconsolidated LLCs
 
—

1,697

—

—

1,697

  General and administrative
 
—

11,914

1,982

—

13,896

  Selling
 
—

11,213

—

—

11,213

  Interest
 
—

3,181

203

—

3,384

Total costs and expenses
 
—

144,274

2,185

—

146,459

 
 
 
 
 
 
 
(Loss) income before income taxes
 
—

(5,522
)
687

—

(4,835
)
 
 
 
 
 
 
 
(Benefit) provision for income taxes
 
—

(366
)
249

—

(117
)
 
 
 
 
 
 
 
Equity in subsidiaries
 
(4,718
)
—

—

4,718

—

 
 
 
 
 
 
 
Net (loss) income
 
$
(4,718
)
$
(5,156
)
$
438

$
4,718

$
(4,718
)


 
 
Nine Months Ended September 30, 2012
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Non-Guarantor Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
Revenue
 
$
—

$
495,371

$
15,623

$
—

$
510,994

Costs and expenses:
 





  Land and housing
 
—

408,893

—

—

408,893

  Impairment of inventory and investment in
    Unconsolidated LLCs
 
—

1,876

—

—

1,876

  General and administrative
 
—

34,938

7,361

—

42,299

  Selling
 
—

38,482

1

—

38,483

  Interest
 
—

10,972

1,094

—

12,066

Total costs and expenses
 
—

495,161

8,456

—

503,617

 
 
 
 
 
 
 
Income before income taxes
 
—

210

7,167

—

7,377

 
 
 
 
 
 
 
(Benefit) provision for income taxes
 
—

(3,403
)
2,448

—

(955
)
 
 
 
 
 
 
 
Equity in subsidiaries
 
8,332

—

—

(8,332
)
—

 
 
 
 
 
 
 
Net income
 
$
8,332

$
3,613

$
4,719

$
(8,332
)
$
8,332


 
 
Nine Months Ended September 30, 2011
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Non-Guarantor Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
Revenue
 
$
—

$
380,271

$
9,367

$
—

$
389,638

Costs and expenses:
 





  Land and housing
 
—

322,886

—

—

322,886

  Impairment of inventory and investment in
    Unconsolidated LLCs
 
—

18,013

—

—

18,013

  General and administrative
 
—

32,606

5,458

—

38,064

  Selling
 
—

30,621

—

—

30,621

  Interest
 
—

10,240

644

—

10,884

Total costs and expenses
 
—

414,366

6,102

—

420,468

 
 
 
 
 
 
 
(Loss) income before income taxes
 
—

(34,095
)
3,265

—

(30,830
)
 
 





(Benefit) provision for income taxes
 
—

(1,003
)
1,074

—

71

 
 
 
 
 
 
 
Equity in subsidiaries
 
(30,901
)
—

—

30,901

—

 
 
 
 
 
 
 
Net (loss) income
 
$
(30,901
)
$
(33,092
)
$
2,191

$
30,901

$
(30,901
)
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
 
 
 
 
 
 
 
 
 
September 30, 2012
(In thousands)
 
M/I Homes, Inc.
Guarantor Subsidiaries
Non-Guarantor Subsidiaries
Eliminations
Consolidated
 
 
 
 
 
 
 
ASSETS:
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

$
140,899

$
18,866

$
—

$
159,765

Restricted cash
 
—

8,980

—

—

8,980

Mortgage loans held for sale
 
—

—

58,338

—

58,338

Inventory
 
—

543,871

—

—

543,871

Property and equipment - net
 
—

11,821

135

—

11,956

Investment in Unconsolidated LLCs
 
—

—

11,256

—

11,256

Investment in subsidiaries
 
388,041

—

—

(388,041
)
—

Intercompany
 
213,796

(204,295
)
(9,501
)
—

—

Other assets
 
9,725

12,217

1,184

—

23,126

TOTAL ASSETS
 
$
611,562

$
513,493

$
80,278

$
(388,041
)
$
817,292

 
 
 
 
 
 

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 

 
 
 
 
 
 

LIABILITIES:
 
 
 
 
 

Accounts payable
 
$
—

$
64,694

$
654

$
—

$
65,348

Customer deposits
 
—

10,976

—

—

10,976

Other liabilities
 
—

45,875

6,382

—

52,257

Community development district obligations
 
—

4,988

—

—

4,988

Obligation for consolidated inventory not owned
 
—

6,552

—

—

6,552

Note payable bank - financial services operations
 
—

—

54,840

—

54,840

Note payable - other
 
—

10,769

—

—

10,769

Convertible senior subordinated notes
 
57,500

—

—

—

57,500

Senior notes
 
227,570

—

—

—

227,570

TOTAL LIABILITIES
 
285,070

143,854

61,876

—

490,800

 
 
 
 
 
 
 
Shareholders' equity
 
326,492

369,639

18,402

(388,041
)
326,492

 
 
 
 
 
 
 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
 
$
611,562

$
513,493

$
80,278

$
(388,041
)
$
817,292


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 STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
 
Nine Months Ended September 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
$
—

$
(20,546
)
$
4,225

$
—

$
(16,321
)
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
Restricted cash
—

32,391

—

—

32,391

Purchase of property and equipment
—

(786
)
(72
)
—

(858
)
Acquisition, net of cash acquired
—

(4,707
)
—

—

(4,707
)
Investments in and advances to Unconsolidated LLC's
—

—

(949
)
—

(949
)
Net cash provided by (used in) investing activities
—

26,898

(1,021
)
—

25,877

 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
Repayment of senior notes
(41,443
)
—

—

—

(41,443
)
Proceeds from bank borrowings - net
—

—

2,234

—

2,234

Principal proceeds from note payable - other and
  community development district bond obligations
—

4,968

—

—

4,968

Proceeds from issuance of senior notes
29,700

—

—

—

29,700

Proceeds from issuance of convertible senior subordinated notes
57,500

—

—

—

57,500

Proceeds from issuance of common shares
42,085

—

—

—

42,085

Intercompany financing
(89,057
)
91,852

(2,795
)
—

—

Debt issue costs
—

(5,812
)
(31
)
—

(5,843
)
Proceeds from exercise of stock options
1,215

—

—

—

1,215

Net cash provided by (used in) financing activities
—

91,008

(592
)
—

90,416

 
 
 
 
 
 
Net increase in cash and cash equivalents
—

97,360

2,612

—

99,972

Cash and cash equivalents balance at beginning of period
—

43,539

16,254

—

59,793

Cash and cash equivalents balance at end of period
$
—

$
140,899

$
18,866

$
—

$
159,765


 
Nine Months Ended September 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
$
—

$
(37,939
)
$
13,373

$
—

$
(24,566
)
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
Restricted cash
—

(4,532
)
—

—

(4,532
)
Purchase of property and equipment
—

(851
)
(38
)
—

(889
)
Acquisition, net of cash acquired
—

(4,654
)
—

—

(4,654
)
Distributions from Unconsolidated LLCs
—

—

(648
)
—

(648
)
Net cash used in investing activities
—

(10,037
)
(686
)
—

(10,723
)
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
Repayments of bank borrowings - net
—

—

(539
)
—

(539
)
Principal repayments of note payable - other and
  community development district bond obligations
—

4

—

—

4

Intercompany financing
(1,665
)
8,636

(6,971
)
—

—

Debt issue costs
—

(150
)
(70
)
—

(220
)
Proceeds from exercise of stock options
1,500

—

—

—

1,500

Excess tax deficiency from stock-based payment arrangements
165

—

—

—

165

Net cash provided by (used in) financing activities
—

8,490

(7,580
)
—

910

 
 
 
 
 
 
Net (decrease) increase in cash and cash equivalents
—

(39,486
)
5,107

—

(34,379
)
Cash and cash equivalents balance at beginning of period
—

71,874

9,334

—

81,208

Cash and cash equivalents balance at end of period
$
—

$
32,388

$
14,441

$
—

$
46,829