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