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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2012
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] | In the condensed financial tables presented below, the parent company presents all of its wholly-owned subsidiaries as if they were accounted for under the equity method. All applicable corporate expenses have been allocated appropriately among the Guarantor Subsidiaries and Non-Guarantor Subsidiaries.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended September 30, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 202,492 |  | $ | 6,383 |  | $ | — |  | $ | 208,875 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 164,452 |  | — |  | — |  | 164,452 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 1,309 |  | — |  | — |  | 1,309 |
General and administrative |  | — |  | 13,425 |  | 2,591 |  | — |  | 16,016 |
Selling |  | — |  | 14,647 |  | — |  | — |  | 14,647 |
Interest |  | — |  | 3,584 |  | 415 |  | — |  | 3,999 |
Total costs and expenses |  | — |  | 197,417 |  | 3,006 |  | — |  | 200,423 |
Income before income taxes |  | — |  | 5,075 |  | 3,377 |  | — |  | 8,452 |
(Benefit) provision for income taxes |  | — |  | (1,003 | ) | 1,141 |  | — |  | 138 |
Equity in subsidiaries |  | 8,314 |  | — |  | — |  | (8,314 | ) | — |
Net income |  | $ | 8,314 |  | $ | 6,078 |  | $ | 2,236 |  | $ | (8,314 | ) | $ | 8,314 |
|  | Three Months Ended September 30, 2011
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 138,752 |  | $ | 2,872 |  | $ | — |  | $ | 141,624 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 116,269 |  | — |  | — |  | 116,269 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 1,697 |  | — |  | — |  | 1,697 |
General and administrative |  | — |  | 11,914 |  | 1,982 |  | — |  | 13,896 |
Selling |  | — |  | 11,213 |  | — |  | — |  | 11,213 |
Interest |  | — |  | 3,181 |  | 203 |  | — |  | 3,384 |
Total costs and expenses |  | — |  | 144,274 |  | 2,185 |  | — |  | 146,459 |
(Loss) income before income taxes |  | — |  | (5,522 | ) | 687 |  | — |  | (4,835 | )
(Benefit) provision for income taxes |  | — |  | (366 | ) | 249 |  | — |  | (117 | )
Equity in subsidiaries |  | (4,718 | ) | — |  | — |  | 4,718 |  | — |
Net (loss) income |  | $ | (4,718 | ) | $ | (5,156 | ) | $ | 438 |  | $ | 4,718 |  | $ | (4,718 | )
|  | Nine Months Ended September 30, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 495,371 |  | $ | 15,623 |  | $ | — |  | $ | 510,994 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 408,893 |  | — |  | — |  | 408,893 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 1,876 |  | — |  | — |  | 1,876 |
General and administrative |  | — |  | 34,938 |  | 7,361 |  | — |  | 42,299 |
Selling |  | — |  | 38,482 |  | 1 |  | — |  | 38,483 |
Interest |  | — |  | 10,972 |  | 1,094 |  | — |  | 12,066 |
Total costs and expenses |  | — |  | 495,161 |  | 8,456 |  | — |  | 503,617 |
Income before income taxes |  | — |  | 210 |  | 7,167 |  | — |  | 7,377 |
(Benefit) provision for income taxes |  | — |  | (3,403 | ) | 2,448 |  | — |  | (955 | )
Equity in subsidiaries |  | 8,332 |  | — |  | — |  | (8,332 | ) | — |
Net income |  | $ | 8,332 |  | $ | 3,613 |  | $ | 4,719 |  | $ | (8,332 | ) | $ | 8,332 |
|  | Nine Months Ended September 30, 2011
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 380,271 |  | $ | 9,367 |  | $ | — |  | $ | 389,638 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 322,886 |  | — |  | — |  | 322,886 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 18,013 |  | — |  | — |  | 18,013 |
General and administrative |  | — |  | 32,606 |  | 5,458 |  | — |  | 38,064 |
Selling |  | — |  | 30,621 |  | — |  | — |  | 30,621 |
Interest |  | — |  | 10,240 |  | 644 |  | — |  | 10,884 |
Total costs and expenses |  | — |  | 414,366 |  | 6,102 |  | — |  | 420,468 |
(Loss) income before income taxes |  | — |  | (34,095 | ) | 3,265 |  | — |  | (30,830 | )
(Benefit) provision for income taxes |  | — |  | (1,003 | ) | 1,074 |  | — |  | 71 |
Equity in subsidiaries |  | (30,901 | ) | — |  | — |  | 30,901 |  | — |
Net (loss) income |  | $ | (30,901 | ) | $ | (33,092 | ) | $ | 2,191 |  | $ | 30,901 |  | $ | (30,901 | )
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 140,899 |  | $ | 18,866 |  | $ | — |  | $ | 159,765 |
Restricted cash |  | — |  | 8,980 |  | — |  | — |  | 8,980 |
Mortgage loans held for sale |  | — |  | — |  | 58,338 |  | — |  | 58,338 |
Inventory |  | — |  | 543,871 |  | — |  | — |  | 543,871 |
Property and equipment - net |  | — |  | 11,821 |  | 135 |  | — |  | 11,956 |
Investment in Unconsolidated LLCs |  | — |  | — |  | 11,256 |  | — |  | 11,256 |
Investment in subsidiaries |  | 388,041 |  | — |  | — |  | (388,041 | ) | — |
Intercompany |  | 213,796 |  | (204,295 | ) | (9,501 | ) | — |  | — |
Other assets |  | 9,725 |  | 12,217 |  | 1,184 |  | — |  | 23,126 |
TOTAL ASSETS |  | $ | 611,562 |  | $ | 513,493 |  | $ | 80,278 |  | $ | (388,041 | ) | $ | 817,292 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 64,694 |  | $ | 654 |  | $ | — |  | $ | 65,348 |
Customer deposits |  | — |  | 10,976 |  | — |  | — |  | 10,976 |
Other liabilities |  | — |  | 45,875 |  | 6,382 |  | — |  | 52,257 |
Community development district obligations |  | — |  | 4,988 |  | — |  | — |  | 4,988 |
Obligation for consolidated inventory not owned |  | — |  | 6,552 |  | — |  | — |  | 6,552 |
Note payable bank - financial services operations |  | — |  | — |  | 54,840 |  | — |  | 54,840 |
Note payable - other |  | — |  | 10,769 |  | — |  | — |  | 10,769 |
Convertible senior subordinated notes |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Senior notes |  | 227,570 |  | — |  | — |  | — |  | 227,570 |
TOTAL LIABILITIES |  | 285,070 |  | 143,854 |  | 61,876 |  | — |  | 490,800 |
Shareholders' equity |  | 326,492 |  | 369,639 |  | 18,402 |  | (388,041 | ) | 326,492 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 611,562 |  | $ | 513,493 |  | $ | 80,278 |  | $ | (388,041 | ) | $ | 817,292 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2011
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 43,539 |  | $ | 16,254 |  | $ | — |  | $ | 59,793 |
Restricted cash |  | — |  | 41,334 |  | — |  | — |  | 41,334 |
Mortgage loans held for sale |  | — |  | — |  | 57,275 |  | — |  | 57,275 |
Inventory |  | — |  | 466,772 |  | — |  | — |  | 466,772 |
Property and equipment - net |  | — |  | 14,241 |  | 117 |  | — |  | 14,358 |
Investment in Unconsolidated LLCs |  | — |  | — |  | 10,357 |  | — |  | 10,357 |
Investment in subsidiaries |  | 381,709 |  | — |  | — |  | (381,709 | ) | — |
Intercompany |  | 125,272 |  | (115,058 | ) | (10,214 | ) | — |  | — |
Other assets |  | 5,385 |  | 8,455 |  | 756 |  | — |  | 14,596 |
TOTAL ASSETS |  | $ | 512,366 |  | $ | 459,283 |  | $ | 74,545 |  | $ | (381,709 | ) | $ | 664,485 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 40,759 |  | $ | 497 |  | $ | — |  | $ | 41,256 |
Customer deposits |  | — |  | 4,181 |  | — |  | — |  | 4,181 |
Other liabilities |  | — |  | 33,589 |  | 5,759 |  | — |  | 39,348 |
Community development district obligations |  | — |  | 5,983 |  | — |  | — |  | 5,983 |
Obligation for consolidated inventory not owned |  | — |  | 2,944 |  | — |  | — |  | 2,944 |
Note payable bank - financial services operations |  | — |  | — |  | 52,606 |  | — |  | 52,606 |
Note payable - other |  | — |  | 5,801 |  | — |  | — |  | 5,801 |
Senior notes |  | 239,016 |  | — |  | — |  | — |  | 239,016 |
TOTAL LIABILITIES |  | 239,016 |  | 93,257 |  | 58,862 |  | — |  | 391,135 |
Shareholders' equity |  | 273,350 |  | 366,026 |  | 15,683 |  | (381,709 | ) | 273,350 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 512,366 |  | $ | 459,283 |  | $ | 74,545 |  | $ | (381,709 | ) | $ | 664,485 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, 2012
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | — |  | $ | (20,546 | ) | $ | 4,225 |  | $ | — |  | $ | (16,321 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 32,391 |  | — |  | — |  | 32,391 |
Purchase of property and equipment | — |  | (786 | ) | (72 | ) | — |  | (858 | )
Acquisition, net of cash acquired | — |  | (4,707 | ) | — |  | — |  | (4,707 | )
Investments in and advances to Unconsolidated LLC's | — |  | — |  | (949 | ) | — |  | (949 | )
Net cash provided by (used in) investing activities | — |  | 26,898 |  | (1,021 | ) | — |  | 25,877 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayment of senior notes | (41,443 | ) | — |  | — |  | — |  | (41,443 | )
Proceeds from bank borrowings - net | — |  | — |  | 2,234 |  | — |  | 2,234 |
Principal proceeds from note payable - other and community development district bond obligations | — |  | 4,968 |  | — |  | — |  | 4,968 |
Proceeds from issuance of senior notes | 29,700 |  | — |  | — |  | — |  | 29,700 |
Proceeds from issuance of convertible senior subordinated notes | 57,500 |  | — |  | — |  | — |  | 57,500 |
Proceeds from issuance of common shares | 42,085 |  | — |  | — |  | — |  | 42,085 |
Intercompany financing | (89,057 | ) | 91,852 |  | (2,795 | ) | — |  | — |
Debt issue costs | — |  | (5,812 | ) | (31 | ) | — |  | (5,843 | )
Proceeds from exercise of stock options | 1,215 |  | — |  | — |  | — |  | 1,215 |
Net cash provided by (used in) financing activities | — |  | 91,008 |  | (592 | ) | — |  | 90,416 |
Net increase in cash and cash equivalents | — |  | 97,360 |  | 2,612 |  | — |  | 99,972 |
Cash and cash equivalents balance at beginning of period | — |  | 43,539 |  | 16,254 |  | — |  | 59,793 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 140,899 |  | $ | 18,866 |  | $ | — |  | $ | 159,765 |
| Nine Months Ended September 30, 2011
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | — |  | $ | (37,939 | ) | $ | 13,373 |  | $ | — |  | $ | (24,566 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | (4,532 | ) | — |  | — |  | (4,532 | )
Purchase of property and equipment | — |  | (851 | ) | (38 | ) | — |  | (889 | )
Acquisition, net of cash acquired | — |  | (4,654 | ) | — |  | — |  | (4,654 | )
Distributions from Unconsolidated LLCs | — |  | — |  | (648 | ) | — |  | (648 | )
Net cash used in investing activities | — |  | (10,037 | ) | (686 | ) | — |  | (10,723 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (539 | ) | — |  | (539 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | 4 |  | — |  | — |  | 4 |
Intercompany financing | (1,665 | ) | 8,636 |  | (6,971 | ) | — |  | — |
Debt issue costs | — |  | (150 | ) | (70 | ) | — |  | (220 | )
Proceeds from exercise of stock options | 1,500 |  | — |  | — |  | — |  | 1,500 |
Excess tax deficiency from stock-based payment arrangements | 165 |  | — |  | — |  | — |  | 165 |
Net cash provided by (used in) financing activities | — |  | 8,490 |  | (7,580 | ) | — |  | 910 |
Net (decrease) increase in cash and cash equivalents | — |  | (39,486 | ) | 5,107 |  | — |  | (34,379 | )
Cash and cash equivalents balance at beginning of period | — |  | 71,874 |  | 9,334 |  | — |  | 81,208 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 32,388 |  | $ | 14,441 |  | $ | — |  | $ | 46,829 |

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