Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2014

Supplemental Guarantor Information [Abstract]

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

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Three Months Ended June 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	275,138	$	6,470	$	—		$	281,608
Costs and expenses:
Land and housing	—		221,217		—		—			221,217
Impairment of inventory and investment in unconsolidated joint ventures	—		804		—		—			804
General and administrative	—		18,057		3,224		—			21,281
Selling	—		20,251		—		—			20,251
Equity in loss of unconsolidated joint ventures	—		—		22		—			22
Interest	—		2,428		302		—			2,730
Total costs and expenses	—		262,757		3,548		—			266,305
Income before income taxes	—		12,381		2,922		—			15,303
Provision for income taxes	—		344		1,405		—			1,749
Equity in subsidiaries	13,554		—		—		(13,554		)	—
Net income	13,554		12,037		1,517		(13,554		)	13,554
Preferred dividends	1,219		—		—		—			1,219
Net income to common shareholders	$	12,335	$	12,037	$	1,517	$	(13,554	)	$	12,335

	Three Months Ended June 30, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	227,301		$	7,252	$	—		$	234,553
Costs and expenses:
Land and housing	—		187,136			—		—			187,136
Impairment of inventory and investment in unconsolidated joint ventures	—		1,201			—		—			1,201
General and administrative	—		14,953			3,196		—			18,149
Selling	—		16,246			29		—			16,275
Interest	—		4,062			335		—			4,397
Total costs and expenses	—		223,598			3,560		—			227,158
Income before income taxes	—		3,703			3,692		—			7,395
(Benefit) provision for income taxes	—		(1,199		)	1,330		—			131
Equity in subsidiaries	7,264		—			—		(7,264		)	—
Net income	7,264		4,902			2,362		(7,264		)	7,264
Preferred dividends	1,219		—			—		—			1,219
Net income to common shareholders	$	6,045	$	4,902		$	2,362	$	(7,264	)	$	6,045

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Six Months Ended June 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	502,114		$	14,335		$	—		$	516,449
Costs and expenses:
Land and housing	—		405,181			—			—			405,181
Impairment of inventory and investment in unconsolidated joint ventures	—		804			—			—			804
General and administrative	—		33,348			6,248			—			39,596
Selling	—		36,220			—			—			36,220
Equity in income of unconsolidated joint ventures	—		—			(40		)	—			(40		)
Interest	—		6,282			618			—			6,900
Total costs and expenses	—		481,835			6,826			—			488,661
Income before income taxes	—		20,279			7,509			—			27,788
(Benefit) provision for income taxes	—		(1,437		)	3,039			—			1,602
Equity in subsidiaries	26,186		—			—			(26,186		)	—
Net income	26,186		21,716			4,470			(26,186		)	26,186
Preferred dividends	2,438		—			—			—			2,438
Net income to common shareholders	$	23,748	$	21,716		$	4,470		$	(26,186	)	$	23,748

	Six Months Ended June 30, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries		Eliminations			Consolidated
Revenue	$	—	$	409,618		$	15,662	$	—		$	425,280
Costs and expenses:
Land and housing	—		338,649			—		—			338,649
Impairment of inventory and investment in unconsolidated joint ventures	—		2,101			—		—			2,101
General and administrative	—		27,795			6,333		—			34,128
Selling	—		29,338			46		—			29,384
Interest	—		8,084			653		—			8,737
Total costs and expenses	—		405,967			7,032		—			412,999
Income before income taxes	—		3,651			8,630		—			12,281
(Benefit) provision for income taxes	—		(2,614		)	3,044		—			430
Equity in subsidiaries	11,851		—			—		(11,851		)	—
Net income	11,851		6,265			5,586		(11,851		)	11,851
Preferred dividends	1,219		—			—		—			1,219
Excess of fair value over book value of preferred shares redeemed	2,190		—			—		—			2,190
Net income to common shareholders	$	8,442	$	6,265		$	5,586	$	(11,851	)	$	8,442

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	19,707	$	13,936	$	—		$	33,643
Restricted cash	—		10,076		—		—			10,076
Mortgage loans held for sale	—		—		64,782		—			64,782
Inventory	—		816,140		—		—			816,140
Property and equipment - net	—		10,969		314		—			11,283
Investment in unconsolidated joint ventures	—		23,843		18,339		—			42,182
Deferred income taxes, net of valuation allowances	—		108,626		932		—			109,558
Investment in subsidiaries	555,665		—		—		(555,665		)	—
Intercompany assets	327,915		—		—		(327,915		)	—
Other assets	8,583		21,564		8,895		—			39,042
TOTAL ASSETS	$	892,163	$	1,010,925	$	107,198	$	(883,580	)	$	1,126,706
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	87,082	$	243	$	—		$	87,325
Customer deposits	—		15,019		—		—			15,019
Intercompany liabilities	—		307,650		20,265		(327,915		)	—
Other liabilities	—		54,096		5,320		—			59,416
Community development district obligations	—		1,884		—		—			1,884
Obligation for consolidated inventory not owned	—		1,268		—		—			1,268
Notes payable bank - financial services operations	—		—		61,914		—			61,914
Notes payable - other	—		7,717		—		—			7,717
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,269		—		—		—			228,269
TOTAL LIABILITIES	372,019		474,716		87,742		(327,915		)	606,562
SHAREHOLDERS’ EQUITY	520,144		536,209		19,456		(555,665		)	520,144
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	892,163	$	1,010,925	$	107,198	$	(883,580	)	$	1,126,706

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
	Six Months Ended June 30, 2014
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	6,400		$	(93,426	)	$	26,757		$	(6,400	)	$	(66,669	)
INVESTING ACTIVITIES:
Restricted cash	—			3,819			—			—			3,819
Purchase of property and equipment	—			(1,578		)	(99		)	—			(1,677		)
Investments in and advances to unconsolidated joint ventures	—			(10,318		)	(3,166		)	—			(13,484		)
Net proceeds from the sale of mortgage servicing rights	—			—			2,135			—			2,135
Net cash used in investing activities	—			(8,077		)	(1,130		)	—			(9,207		)
FINANCING ACTIVITIES:
Repayments of bank borrowings - net	—			—			(18,115		)	—			(18,115		)
Principal repayments of note payable - other and community development district bond obligations	—			(73		)	—			—			(73		)
Proceeds from exercise of stock options	1,460			—			—			—			1,460
Intercompany financing	(5,422		)	7,876			(2,454		)	—			—
Dividends paid	(2,438		)	—			(6,400		)	6,400			(2,438		)
Debt issue costs	—			—			(40		)	—			(40		)
Net cash (used in) provided by financing activities	(6,400		)	7,803			(27,009		)	6,400			(19,206		)
Net decrease in cash and cash equivalents	—			(93,700		)	(1,382		)	—			(95,082		)
Cash and cash equivalents balance at beginning of period	—			113,407			15,318			—			128,725
Cash and cash equivalents balance at end of period	$	—		$	19,707		$	13,936		$	—		$	33,643

	Six Months Ended June 30, 2013
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	4,600		$	(47,747	)	$	22,569		$	(4,600	)	$	(25,178	)
INVESTING ACTIVITIES:
Restricted cash	—			(3,869		)	—			—			(3,869		)
Purchase of property and equipment	—			(991		)	(59		)	—			(1,050		)
Investments in and advances to unconsolidated joint ventures	—			(10,160		)	(8,128		)	—			(18,288		)
Net cash used in investing activities	—			(15,020		)	(8,187		)	—			(23,207		)
FINANCING ACTIVITIES:
Repayments from bank borrowings - net	—			—			(17,515		)	—			(17,515		)
Principal repayments from note payable - other and community development district bond obligations	—			(1,676		)	—			—			(1,676		)
Proceeds from issuance of convertible senior subordinated notes due 2018	86,250			—			—			—			86,250
Redemption of of preferred shares	(50,352		)	—			—			—			(50,352		)
Proceeds from exercise of stock options	2,639			—			—			—			2,639
Proceeds from issuance of common shares	54,617			—			—			—			54,617
Intercompany financing	(96,535		)	90,800			5,735			—			—
Dividends paid	(1,219		)	—			(4,600		)	4,600			(1,219		)
Debt issue costs	—			(3,544		)	(61		)	—			(3,605		)
Net cash (used in) provided by financing activities	(4,600		)	85,580			(16,441		)	4,600			69,139
Net increase (decrease) in cash and cash equivalents	—			22,813			(2,059		)	—			20,754
Cash and cash equivalents balance at beginning of period	—			126,334			19,164			—			145,498
Cash and cash equivalents balance at end of period	$	—		$	149,147		$	17,105		$	—		$	166,252