Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Guarantor Information [Abstract]

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

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

	Three Months Ended March 31, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	226,976		$	7,865		$	—		$	234,841
Costs and expenses:
Land and housing	—		183,964			—			—			183,964
General and administrative	—		15,291			3,024			—			18,315
Selling	—		15,969			—			—			15,969
Equity in income of unconsolidated joint ventures	—		—			(62		)	—			(62		)
Interest	—		3,854			316			—			4,170
Total costs and expenses	—		219,078			3,278			—			222,356
Income before income taxes	—		7,898			4,587			—			12,485
(Benefit) provision for income taxes	—		(1,781		)	1,634			—			(147		)
Equity in subsidiaries	12,632		—			—			(12,632		)	—
Net income (loss)	12,632		9,679			2,953			(12,632		)	12,632
Preferred dividends	1,219		—			—			—			1,219
Net income (loss) to common shareholders	$	11,413	$	9,679		$	2,953		$	(12,632	)	$	11,413

	Three Months Ended March 31, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	182,317		$	8,410	$	—		$	190,727
Costs and expenses:
Land and housing	—		151,513			—		—			151,513
Impairment of inventory and investment in unconsolidated joint ventures	—		900			—		—			900
General and administrative	—		12,842			3,137		—			15,979
Selling	—		13,092			17		—			13,109
Interest	—		4,022			318		—			4,340
Total costs and expenses	—		182,369			3,472		—			185,841
Income before income taxes	—		(52		)	4,938		—			4,886
(Benefit) provision for income taxes	—		(1,415		)	1,714		—			299
Equity in subsidiaries	4,587		—			—		(4,587		)	—
Net income (loss)	4,587		1,363			3,224		(4,587		)	4,587
Excess of fair value over book value of preferred shares redeemed	2,190		—			—		—			2,190
Net income (loss) to common shareholders	$	2,397	$	1,363		$	3,224	$	(4,587	)	$	2,397

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	March 31, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	75,221	$	14,139	$	—		$	89,360
Restricted cash	—		11,551		—		—			11,551
Mortgage loans held for sale	—		—		55,750		—			55,750
Inventory	—		723,627		—		—			723,627
Property and equipment - net	—		10,226		280		—			10,506
Investment in unconsolidated joint ventures	—		22,814		22,033		—			44,847
Deferred income taxes, net of valuation allowances	—		110,241		973		—			111,214
Investment in subsidiaries	545,511		—		—		(545,511		)	—
Intercompany assets	323,761		—		—		(323,761		)	—
Other assets	9,238		18,698		10,112		—			38,048
TOTAL ASSETS	$	878,510	$	972,378	$	103,287	$	(869,272	)	$	1,084,903
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	71,043	$	333	$	—		$	71,376
Customer deposits	—		12,984		—		—			12,984
Intercompany liabilities	—		299,016		24,745		(323,761		)	—
Other liabilities	—		53,720		5,337		—			59,057
Community development district obligations	—		2,060		—		—			2,060
Obligation for consolidated inventory not owned	—		1,627		—		—			1,627
Notes payable bank - financial services operations	—		—		51,532		—			51,532
Notes payable - other	—		7,757		—		—			7,757
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,169		—		—		—			228,169
TOTAL LIABILITIES	371,919		448,207		81,947		(323,761		)	578,312
SHAREHOLDERS’ EQUITY	506,591		524,171		21,340		(545,511		)	506,591
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	878,510	$	972,378	$	103,287	$	(869,272	)	$	1,084,903

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	113,407	$	15,318	$	—		$	128,725
Restricted cash	—		13,902		—		—			13,902
Mortgage loans held for sale	—		—		81,810		—			81,810
Inventory	—		690,934		—		—			690,934
Property and equipment - net	—		10,267		269		—			10,536
Investment in unconsolidated joint ventures	—		13,525		21,741		—			35,266
Deferred income taxes, net of valuation allowances	—		109,763		1,148		—			110,911
Investment in subsidiaries	535,879		—		—		(535,879		)	—
Intercompany assets	318,852		—		—		(318,852		)	—
Other assets	9,892		17,180		11,020		—			38,092
TOTAL ASSETS	$	864,623	$	968,978	$	131,306	$	(854,731	)	$	1,110,176
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	69,887	$	339	$	—		$	70,226
Customer deposits	—		11,262		—		—			11,262
Intercompany liabilities	—		296,229		22,623		(318,852		)	—
Other liabilities	—		64,413		6,928		—			71,341
Community development district obligations	—		3,130		—		—			3,130
Obligation for consolidated inventory not owned	—		1,775		—		—			1,775
Notes payable bank - financial services operations	—		—		80,029		—			80,029
Notes payable - other	—		7,790		—		—			7,790
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,070		—		—		—			228,070
TOTAL LIABILITIES	371,820		454,486		109,919		(318,852		)	617,373
SHAREHOLDERS’ EQUITY	492,803		514,492		21,387		(535,879		)	492,803
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	864,623	$	968,978	$	131,306	$	(854,731	)	$	1,110,176

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

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Three Months Ended March 31, 2014
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	3,000		$	(31,968	)	$	29,865		$	(3,000	)	$	(2,103	)
INVESTING ACTIVITIES:
Restricted cash	—			2,395			—						2,395
Purchase of property and equipment	—			(363		)	(37		)				(400		)
Investments in and advances to unconsolidated joint ventures	—			(9,289		)	(1,585		)	—			(10,874		)
Net cash used in investing activities	—			(7,257		)	(1,622		)	—			(8,879		)
FINANCING ACTIVITIES:
Repayments of bank borrowings - net	—			—			(28,497		)	—			(28,497		)
Principal repayments of note payable - other and community development district bond obligations	—			(33		)	—			—			(33		)
Proceeds from exercise of stock options	1,366			—			—			—			1,366
Intercompany financing	(3,147		)	1,072			2,075			—			—
Dividends paid	(1,219		)	—			(3,000		)	3,000			(1,219		)
Net cash (used in) provided by financing activities	(3,000		)	1,039			(29,422		)	3,000			(28,383		)
Net decrease in cash and cash equivalents	—			(38,186		)	(1,179		)	—			(39,365		)
Cash and cash equivalents balance at beginning of period	—			113,407			15,318			—			128,725
Cash and cash equivalents balance at end of period	$	—		$	75,221		$	14,139		$	—		$	89,360

	Three Months Ended March 31, 2013
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided (used in) by operating activities	$	2,600		$	(9,997	)	$	18,555		$	(2,600	)	$	8,558
INVESTING ACTIVITIES:
Restricted cash	—			(621		)	—			—			(621		)
Purchase of property and equipment	—			(192		)	(37		)	—			(229		)
Investments in and advances to unconsolidated joint ventures	—			—			(11,852		)	—			(11,852		)
Net cash used in investing activities	—			(813		)	(11,889		)	—			(12,702		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - net	—			—			(14,831		)	—			(14,831		)
Principal proceeds from note payable - other and community development district bond obligations	—			(789		)	—			—			(789		)
Proceeds from issuance of convertible senior subordinated notes due 2017	86,250			—			—			—			86,250
Proceeds from issuance of common shares	54,617			—			—			—			54,617
Intercompany financing	(143,467		)	133,958			9,509			—			—
Dividends paid	—			—			(2,600		)	2,600			—
Debt issue costs	—			(3,544		)				—			(3,544		)
Net cash (used in) provided by financing activities	(2,600		)	129,625			(7,922		)	2,600			121,703
Net increase in cash and cash equivalents	—			118,815			(1,256		)	—			117,559
Cash and cash equivalents balance at beginning of period	—			126,334			19,164			—			145,498
Cash and cash equivalents balance at end of period	$	—		$	245,149		$	17,908		$	—		$	263,057

(a) Certain amounts above have been reclassified from intercompany financing to dividends paid and cash flows from operating activities for the three months ended March 31, 2013. These reclassifications relate solely to transactions between M/I Homes, Inc. and its subsidiaries and are immaterial to the Supplemental Condensed Consolidated Financial Statements. These reclassifications do not impact the Company's consolidated financial statements.