Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2015

Supplemental Guarantor Information [Abstract]

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

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	313,921	$	8,935		$	—		$	322,856
Costs and expenses:
Land and housing	—		252,595		—			—			252,595
General and administrative	—		17,868		3,837			—			21,705
Selling	—		22,935		—			—			22,935
Equity in income of unconsolidated joint ventures	—		—		(14		)	—			(14		)
Interest	—		3,355		395			—			3,750
Total costs and expenses	—		296,753		4,218			—			300,971
Income before income taxes	—		17,168		4,717			—			21,885
Provision for income taxes	—		6,767		1,768			—			8,535
Equity in subsidiaries	13,350		—		—			(13,350		)	—
Net income	13,350		10,401		2,949			(13,350		)	13,350
Preferred dividends	1,219		—		—			—			1,219
Net income to common shareholders	$	12,131	$	10,401	$	2,949		$	(13,350	)	$	12,131

	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

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Six Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	568,983	$	17,032		$	—		$	586,015
Costs and expenses:
Land and housing	—		458,778		—			—			458,778
General and administrative	—		34,254		6,785			—			41,039
Selling	—		40,621		—			—			40,621
Equity in income of unconsolidated joint ventures	—		—		(212		)	—			(212		)
Interest	—		7,486		726			—			8,212
Total costs and expenses	—		541,139		7,299			—			548,438
Income before income taxes	—		27,844		9,733			—			37,577
Provision for income taxes	—		11,159		3,500			—			14,659
Equity in subsidiaries	22,918		—		—			(22,918		)	—
Net income	22,918		16,685		6,233			(22,918		)	22,918
Preferred dividends	2,438		—		—			—			2,438
Net income to common shareholders	$	20,480	$	16,685	$	6,233		$	(22,918	)	$	20,480

	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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	June 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	9,210	$	12,563	$	—		$	21,773
Restricted cash	—		5,174		—		—			5,174
Mortgage loans held for sale	—				75,063		—			75,063
Inventory	—		1,040,944		—		—			1,040,944
Property and equipment - net	—		11,514		305		—			11,819
Investment in unconsolidated joint ventures	—		13,594		14,763		—			28,357
Deferred income taxes, net of valuation allowances	—		80,962		92		—			81,054
Investment in subsidiaries	597,385		—		—		(597,385		)	—
Intercompany assets	334,304		—		—		(334,304		)	—
Other assets	7,903		29,249		13,653		—			50,805
TOTAL ASSETS	$	939,592	$	1,190,647	$	116,439	$	(931,689	)	$	1,314,989
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	90,379	$	264	$	—		$	90,643
Customer deposits	—		18,438		—		—			18,438
Intercompany liabilities	—		317,567		16,737		(334,304		)	—
Other liabilities	—		62,196		4,998		—			67,194
Community development district obligations	—		1,496		—		—			1,496
Obligation for consolidated inventory not owned	—		14,115		—		—			14,115
Notes payable bank - homebuilding operations	—		105,600		—		—			105,600
Notes payable bank - financial services operations	—		—		69,681		—			69,681
Notes payable - other	—		8,230		—		—			8,230
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,669		—		—		—			228,669
TOTAL LIABILITIES	372,419		618,021		91,680		(334,304		)	747,816
SHAREHOLDERS’ EQUITY	567,173		572,626		24,759		(597,385		)	567,173
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	939,592	$	1,190,647	$	116,439	$	(931,689	)	$	1,314,989

CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2014
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	3,872	$	11,663	$	—		$	15,535
Restricted cash	—		6,951		—		—			6,951
Mortgage loans held for sale	—		—		92,794		—			92,794
Inventory	—		918,589		—		—			918,589
Property and equipment - net	—		11,189		301		—			11,490
Investment in unconsolidated joint ventures	—		15,033		12,736		—			27,769
Deferred income taxes, net of valuation allowances	—		94,088		324		—			94,412
Investment in subsidiaries	576,468		—		—		(576,468		)	—
Intercompany assets	330,786		—		—		(330,786		)	—
Other assets	9,260		24,378		10,232		—			43,870
TOTAL ASSETS	$	916,514	$	1,074,100	$	128,050	$	(907,254	)	$	1,211,410
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	74,344	$	994	$	—		$	75,338
Customer deposits	—		11,759		—		—			11,759
Intercompany liabilities	—		314,946		15,840		(330,786		)	—
Other liabilities	—		74,413		5,310		—			79,723
Community development district obligations	—		2,571		—		—			2,571
Obligation for consolidated inventory not owned	—		608		—		—			608
Notes payable bank - homebuilding operations	—		30,000		—		—			30,000
Notes payable bank - financial services operations	—		—		85,379		—			85,379
Notes payable - other	—		9,518		—		—			9,518
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,469		—		—		—			228,469
TOTAL LIABILITIES	372,219		518,159		107,523		(330,786		)	667,115
SHAREHOLDERS’ EQUITY	544,295		555,941		20,527		(576,468		)	544,295
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	916,514	$	1,074,100	$	128,050	$	(907,254	)	$	1,211,410

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

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Six Months Ended June 30, 2015
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	2,000		$	(65,777	)	$	19,567		$	(2,000	)	$	(46,210	)
INVESTING ACTIVITIES:
Restricted cash	—			1,583			—			—			1,583
Purchase of property and equipment	—			(1,337		)	(64		)	—			(1,401		)
Intercompany investing	98			—			—			(98		)	—
Investments in and advances to unconsolidated joint ventures	—			(2,555		)	(1,655		)	—			(4,210		)
Net cash provided by (used in) investing activities	98			(2,309		)	(1,719		)	(98		)	(4,028		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			220,700			—			—			220,700
Principal repayments of bank borrowings - homebuilding operations	—			(145,100		)	—			—			(145,100		)
Net proceeds from bank borrowings - financial services operations	—			—			(15,698		)	—			(15,698		)
Principal proceeds from notes payable - other and CDD bond obligations	—			(1,288		)	—			—			(1,288		)
Proceeds from exercise of stock options	340			—			—			—			340
Intercompany financing	—			(888		)	790			98			—
Dividends paid	(2,438		)	—			(2,000		)	2,000			(2,438		)
Debt issue costs	—			—			(40		)	—			(40		)
Net cash (used in) provided by financing activities	(2,098		)	73,424			(16,948		)	2,098			56,476
Net increase in cash and cash equivalents	—			5,338			900			—			6,238
Cash and cash equivalents balance at beginning of period	—			3,872			11,663			—			15,535
Cash and cash equivalents balance at end of period	$	—		$	9,210		$	12,563		$	—		$	21,773

	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:
Net repayments from bank borrowings - financial services operations	—			—			(18,115		)	—			(18,115		)
Principal repayments from notes payable - other and CDD 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