Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2014

Supplemental Guarantor Information [Abstract]

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

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Three Months Ended September 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	323,187	$	7,580		$	—		$	330,767
Costs and expenses:
Land and housing	—		261,636		—			—			261,636
Impairment of inventory and investment in unconsolidated joint ventures	—		622		—			—			622
General and administrative	—		17,811		3,913			—			21,724
Selling	—		21,955		—			—			21,955
Equity in income of unconsolidated joint ventures	—		—		(22		)	—			(22		)
Interest	—		2,248		401			—			2,649
Total costs and expenses	—		304,272		4,292			—			308,564
Income before income taxes	—		18,915		3,288			—			22,203
Provision for income taxes	—		7,428		1,158			—			8,586
Equity in subsidiaries	13,617		—		—			(13,617		)	—
Net income	13,617		11,487		2,130			(13,617		)	13,617
Preferred dividends	1,218		—		—			—			1,218
Net income to common shareholders	$	12,399	$	11,487	$	2,130		$	(13,617	)	$	12,399

	Three Months Ended September 30, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	268,514		$	6,681		$	—		$	275,195
Costs and expenses:
Land and housing	—		218,150			—			—			218,150
Impairment of inventory and investment in unconsolidated joint ventures	—		2,136			—			—			2,136
General and administrative	—		15,309			2,952			—			18,261
Selling	—		17,979			20			—			17,999
Equity in income of unconsolidated joint ventures	—		—			(278		)	—			(278		)
Interest	—		3,087			362			—			3,449
Loss on early extinguishment of debt	—		1,726			—			—			1,726
Total costs and expenses	—		258,387			3,056			—			261,443
Income before income taxes	—		10,127			3,625			—			13,752
(Benefit) provision for income taxes	—		(112,694		)	1,135			—			(111,559		)
Equity in subsidiaries	125,311		—			—			(125,311		)	—
Net income	125,311		122,821			2,490			(125,311		)	125,311
Preferred dividends	1,219		—			—			—			1,219
Net income to common shareholders	$	124,092	$	122,821		$	2,490		$	(125,311	)	$	124,092

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Nine Months Ended September 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	825,301	$	21,915		$	—		$	847,216
Costs and expenses:
Land and housing	—		666,817		—			—			666,817
Impairment of inventory and investment in unconsolidated joint ventures	—		1,426		—			—			1,426
General and administrative	—		51,159		10,161			—			61,320
Selling	—		58,175		—			—			58,175
Equity in income of unconsolidated joint ventures	—		—		(62		)	—			(62		)
Interest	—		8,530		1,019			—			9,549
Total costs and expenses	—		786,107		11,118			—			797,225
Income before income taxes	—		39,194		10,797			—			49,991
Provision for income taxes	—		5,991		4,197			—			10,188
Equity in subsidiaries	39,803		—		—			(39,803		)	—
Net income	39,803		33,203		6,600			(39,803		)	39,803
Preferred dividends	3,656		—		—			—			3,656
Net income to common shareholders	$	36,147	$	33,203	$	6,600		$	(39,803	)	$	36,147

	Nine Months Ended September 30, 2013
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	678,132		$	22,343		$	—		$	700,475
Costs and expenses:
Land and housing	—		556,799			—			—			556,799
Impairment of inventory and investment in unconsolidated joint ventures	—		4,237			—			—			4,237
General and administrative	—		43,104			9,285			—			52,389
Selling	—		47,317			66			—			47,383
Equity in income of unconsolidated joint ventures	—		—			(278		)	—			(278		)
Interest	—		11,171			1,015			—			12,186
Loss on early extinguishment of debt	—		1,726			—			—			1,726
Total costs and expenses	—		664,354			10,088			—			674,442
Income before income taxes	—		13,778			12,255			—			26,033
(Benefit) provision for income taxes	—		(115,308		)	4,179			—			(111,129		)
Equity in subsidiaries	137,162		—			—			(137,162		)	—
Net income	137,162		129,086			8,076			(137,162		)	137,162
Preferred dividends	2,438		—			—			—			2,438
Excess of fair value over book value of preferred shares redeemed	2,190		—			—			—			2,190
Net income to common shareholders	$	132,534	$	129,086		$	8,076		$	(137,162	)	$	132,534

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	September 30, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	3,811	$	13,357	$	—		$	17,168
Restricted cash	—		8,898		—		—			8,898
Mortgage loans held for sale	—		—		76,983		—			76,983
Inventory	—		893,964		—		—			893,964
Property and equipment - net	—		11,119		311		—			11,430
Investment in unconsolidated joint ventures	—		22,286		18,483		—			40,769
Deferred income taxes, net of valuation allowances	—		101,849		1,033		—			102,882
Investment in subsidiaries	567,407		—		—		(567,407		)	—
Intercompany assets	330,075		—		—		(330,075		)	—
Other assets	7,930		23,576		9,554		—			41,060
TOTAL ASSETS	$	905,412	$	1,065,503	$	119,721	$	(897,482	)	$	1,193,154
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	97,302	$	571	$	—		$	97,873
Customer deposits	—		14,202		—		—			14,202
Intercompany liabilities	—		309,906		20,169		(330,075		)	—
Other liabilities	—		68,711		5,492		—			74,203
Community development district obligations	—		3,056		—		—			3,056
Obligation for consolidated inventory not owned	—		1,700		—		—			1,700
Notes payable banks - homebuilding	—		14,400		—		—			14,400
Notes payable bank - financial services operations	—		—		73,778		—			73,778
Notes payable - other	—		8,530		—		—			8,530
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,369		—		—		—			228,369
TOTAL LIABILITIES	372,119		517,807		100,010		(330,075		)	659,861
SHAREHOLDERS’ EQUITY	533,293		547,696		19,711		(567,407		)	533,293
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	905,412	$	1,065,503	$	119,721	$	(897,482	)	$	1,193,154

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
	Nine Months Ended September 30, 2014
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	8,275		$	(124,022	)	$	17,311		$	(8,275	)	$	(106,711	)
INVESTING ACTIVITIES:
Restricted cash	—			4,912			—			—			4,912
Purchase of property and equipment	—			(2,222		)	(125		)	—			(2,347		)
Investments in and advances to unconsolidated joint ventures	—			(12,080		)	(4,738		)	—			(16,818		)
Return of capital from unconsolidated joint ventures	—			—			619			—			619
Net proceeds from the sale of mortgage servicing rights	—			—			2,135			—			2,135
Net cash used in investing activities	—			(9,390		)	(2,109		)	—			(11,499		)
FINANCING ACTIVITIES:
Proceeds from (repayments of) bank borrowings - net	—			14,400			(6,251		)	—			8,149
Principal proceeds from note payable - other and community development district bond obligations	—			740			—			—			740
Proceeds from exercise of stock options	1,460			—			—			—			1,460
Intercompany financing	(6,079		)	8,676			(2,597		)	—			—
Dividends paid	(3,656		)	—			(8,275		)	8,275			(3,656		)
Debt issue costs	—			—			(40		)	—			(40		)
Net cash (used in) provided by financing activities	(8,275		)	23,816			(17,163		)	8,275			6,653
Net decrease in cash and cash equivalents	—			(109,596		)	(1,961		)	—			(111,557		)
Cash and cash equivalents balance at beginning of period	—			113,407			15,318			—			128,725
Cash and cash equivalents balance at end of period	$	—		$	3,811		$	13,357		$	—		$	17,168

	Nine Months Ended September 30, 2013
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	7,100		$	(60,703	)	$	20,267		$	(7,100	)	$	(40,436	)
INVESTING ACTIVITIES:
Restricted cash	—			(7,274		)	—			—			(7,274		)
Purchase of property and equipment	—			(1,528		)	(126		)	—			(1,654		)
Investments in and advances to unconsolidated joint ventures	—			(14,657		)	(10,839		)	—			(25,496		)
Return of capital from unconsolidated joint ventures	—			—			1,522			—			1,522
Net cash used in investing activities	—			(23,459		)	(9,443		)	—			(32,902		)
FINANCING ACTIVITIES:
Repayments from bank borrowings - net	—			—			(12,343		)	—			(12,343		)
Principal repayments from note payable - other and community development district bond obligations	—			(2,979		)	—			—			(2,979		)
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	2,640			—			—			—			2,640
Proceeds from issuance of common shares	54,617			—			—			—			54,617
Intercompany financing	(98,200		)	92,463			5,737			—			—
Dividends paid	(2,438		)	—			(7,100		)	7,100			(2,438		)
Debt issue costs	—			(5,402		)	(61		)	—			(5,463		)
Excess tax deficiency from stock-based payment arrangements	383			—			—			—			383
Net cash (used in) provided by financing activities	(7,100		)	84,082			(13,767		)	7,100			70,315
Net (decrease) increase in cash and cash equivalents	—			(80		)	(2,943		)	—			(3,023		)
Cash and cash equivalents balance at beginning of period	—			126,334			19,164			—			145,498
Cash and cash equivalents balance at end of period	$	—		$	126,254		$	16,221		$	—		$	142,475