Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Guarantor Information [Abstract]

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

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended September 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	354,181	$	9,276		$	—		$	363,457
Costs and expenses:
Land and housing	—		285,416		—			—			285,416
General and administrative	—		19,080		4,571			—			23,651
Selling	—		24,270		—			—			24,270
Equity in income of unconsolidated joint ventures	—		—		(36		)	—			(36		)
Interest	—		3,246		412			—			3,658
Total costs and expenses	—		332,012		4,947			—			336,959
Income before income taxes	—		22,169		4,329			—			26,498
Provision for income taxes	—		9,531		1,397			—			10,928
Equity in subsidiaries	15,570		—		—			(15,570		)	—
Net income	15,570		12,638		2,932			(15,570		)	15,570
Preferred dividends	1,218		—		—			—			1,218
Net income to common shareholders	$	14,352	$	12,638	$	2,932		$	(15,570	)	$	14,352

	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

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Nine Months Ended September 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries			Eliminations			Consolidated
Revenue	$	—	$	923,164	$	26,308		$	—		$	949,472
Costs and expenses:
Land and housing	—		744,194		—			—			744,194
General and administrative	—		53,334		11,356			—			64,690
Selling	—		64,891		—			—			64,891
Equity in income of unconsolidated joint ventures	—		—		(248		)	—			(248		)
Interest	—		10,732		1,138			—			11,870
Total costs and expenses	—		873,151		12,246			—			885,397
Income before income taxes	—		50,013		14,062			—			64,075
Provision for income taxes	—		20,690		4,897			—			25,587
Equity in subsidiaries	38,488		—		—			(38,488		)	—
Net income	38,488		29,323		9,165			(38,488		)	38,488
Preferred dividends	3,656		—		—			—			3,656
Net income to common shareholders	$	34,832	$	29,323	$	9,165		$	(38,488	)	$	34,832

	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

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET
	September 30, 2015
(In thousands)	M/I Homes, Inc.		Guarantor Subsidiaries		Unrestricted Subsidiaries		Eliminations			Consolidated
ASSETS:
Cash and cash equivalents	$	—	$	7,870	$	17,185	$	—		$	25,055
Restricted cash	—		3,071		—		—			3,071
Mortgage loans held for sale	—				77,550		—			77,550
Inventory	—		1,133,414		—		—			1,133,414
Property and equipment - net	—		11,567		274		—			11,841
Investment in unconsolidated joint ventures	—		12,066		21,216		—			33,282
Deferred income taxes, net of valuation allowances	—		70,880		63		—			70,943
Investment in subsidiaries	612,528		—		—		(612,528		)	—
Intercompany assets	335,724		—		—		(335,724		)	—
Other assets	7,605		29,156		14,085		—			50,846
TOTAL ASSETS	$	955,857	$	1,268,024	$	130,373	$	(948,252	)	$	1,406,002
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Accounts payable	$	—	$	95,107	$	843	$	—		$	95,950
Customer deposits	—		18,976		—		—			18,976
Intercompany liabilities	—		313,762		21,962		(335,724		)	—
Other liabilities	—		76,876		7,064		—			83,940
Community development district obligations	—		1,159		—		—			1,159
Obligation for consolidated inventory not owned	—		11,418		—		—			11,418
Notes payable bank - homebuilding operations	—		156,100		—		—			156,100
Notes payable bank - financial services operations	—		—		73,239		—			73,239
Notes payable - other	—		9,363		—		—			9,363
Convertible senior subordinated notes due 2017	57,500		—		—		—			57,500
Convertible senior subordinated notes due 2018	86,250		—		—		—			86,250
Senior notes	228,769		—		—		—			228,769
TOTAL LIABILITIES	372,519		682,761		103,108		(335,724		)	822,664
SHAREHOLDERS’ EQUITY	583,338		585,263		27,265		(612,528		)	583,338
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	955,857	$	1,268,024	$	130,373	$	(948,252	)	$	1,406,002

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
	Nine Months Ended September 30, 2015
(In thousands)	M/I Homes, Inc.			Guarantor Subsidiaries			Unrestricted Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	2,428		$	(114,357	)	$	19,161		$	(2,428	)	$	(95,196	)
INVESTING ACTIVITIES:
Restricted cash	—			3,615			—			—			3,615
Purchase of property and equipment	—			(1,939		)	(64		)	—			(2,003		)
Intercompany investing	193			—			—			(193		)	—
Investments in and advances to unconsolidated joint ventures	—			(2,728		)	(7,997		)	—			(10,725		)
Net proceeds from the sale of mortgage servicing rights	—			—			3,065			—			3,065
Net cash provided by (used in) investing activities	193			(1,052		)	(4,996		)	(193		)	(6,048		)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	—			329,400			—			—			329,400
Principal repayments of bank borrowings - homebuilding operations	—			(203,300		)	—			—			(203,300		)
Net proceeds from bank borrowings - financial services operations	—			—			(12,140		)	—			(12,140		)
Principal proceeds from notes payable - other and CDD bond obligations	—			(155		)	—			—			(155		)
Proceeds from exercise of stock options	1,035			—			—			—			1,035
Intercompany financing	—			(6,158		)	5,965			193			—
Dividends paid	(3,656		)	—			(2,428		)	2,428			(3,656		)
Debt issue costs	—			(380		)	(40		)	—			(420		)
Net cash (used in) provided by financing activities	(2,621		)	119,407			(8,643		)	2,621			110,764
Net increase in cash and cash equivalents	—			3,998			5,522			—			9,520
Cash and cash equivalents balance at beginning of period	—			3,872			11,663			—			15,535
Cash and cash equivalents balance at end of period	$	—		$	7,870		$	17,185		$	—		$	25,055

	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		)
Net proceeds from the sale of mortgage servicing rights	—			—			2,135			—			2,135
Return of capital from unconsolidated joint ventures	—			—			619			—			619
Net cash used in investing activities	—			(9,390		)	(2,109		)	—			(11,499		)
FINANCING ACTIVITIES:
Net repayments from bank borrowings - financial services operations	—			14,400			(6,251		)	—			8,149
Principal repayments from notes payable - other and CDD 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