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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2013
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended March 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | — |  | 182,317 |  | 8,410 |  | — |  | 190,727 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 151,513 |  | — |  | — |  | 151,513 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 900 |  | — |  | — |  | 900 |
General and administrative |  | — |  | 12,842 |  | 3,137 |  | — |  | 15,979 |
Selling |  | — |  | 13,092 |  | 17 |  | — |  | 13,109 |
Interest |  | — |  | 4,022 |  | 318 |  | — |  | 4,340 |
Total costs and expenses |  | — |  | 182,369 |  | 3,472 |  | — |  | 185,841 |
Income before income taxes |  | — |  | (52 | ) | 4,938 |  | — |  | 4,886 |
(Benefit) provision for income taxes |  | — |  | (1,415 | ) | 1,714 |  | — |  | 299 |
Equity in subsidiaries |  | 4,587 |  | — |  | — |  | (4,587 | ) | — |
Net income |  | 4,587 |  | 1,363 |  | 3,224 |  | (4,587 | ) | 4,587 |
Excess of fair value over book value of preferred shares subject to redemption |  | 2,190 |  | — |  | — |  | — |  | 2,190 |
Net income to common shareholders |  | 2,397 |  | 1,363 |  | 3,224 |  | (4,587 | ) | 2,397 |
|  | Three Months Ended March 31, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 126,809 |  | $ | 4,316 |  | $ | — |  | $ | 131,125 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 107,330 |  | — |  | — |  | 107,330 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 95 |  | — |  | — |  | 95 |
General and administrative |  | — |  | 10,479 |  | 1,978 |  | — |  | 12,457 |
Selling |  | — |  | 11,010 |  | 1 |  | — |  | 11,011 |
Interest |  | — |  | 4,238 |  | 368 |  | — |  | 4,606 |
Total costs and expenses |  | — |  | 133,152 |  | 2,347 |  | — |  | 135,499 |
(Loss) income before income taxes |  | — |  | (6,343 | ) | 1,969 |  | — |  | (4,374 | )
(Benefit) provision for income taxes |  | — |  | (1,880 | ) | 692 |  | — |  | (1,188 | )
Equity in subsidiaries |  | (3,186 | ) | — |  | — |  | 3,186 |  | — |
Net (loss) income |  | $ | 3,186 |  | $ | (4,463 | ) | $ | 1,277 |  | $ | (3,186 | ) | $ | (3,186 | )
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | March 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 245,149 |  | $ | 17,908 |  | $ | — |  | $ | 263,057 |
Restricted cash |  | — |  | 9,494 |  | — |  | — |  | 9,494 |
Mortgage loans held for sale |  | — |  | — |  | 57,721 |  | — |  | 57,721 |
Inventory |  | — |  | 561,584 |  | 16,056 |  | — |  | 577,640 |
Property and equipment - net |  | — |  | 9,846 |  | 148 |  | — |  | 9,994 |
Investment in Unconsolidated LLCs |  | — |  | — |  | 22,275 |  | — |  | 22,275 |
Investment in subsidiaries |  | 393,542 |  | — |  | — |  | (393,542 | ) | — |
Intercompany |  | 361,410 |  | (337,294 | ) | (24,116 | ) | — |  | — |
Other assets |  | 11,921 |  | 11,918 |  | 4,632 |  | — |  | 28,471 |
TOTAL ASSETS |  | $ | 766,873 |  | $ | 500,697 |  | $ | 94,624 |  | $ | (393,542 | ) | $ | 968,652 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 56,710 |  | $ | 361 |  | $ | — |  | $ | 57,071 |
Customer deposits |  | — |  | 12,246 |  | — |  | — |  | 12,246 |
Other liabilities |  | — |  | 41,922 |  | 5,838 |  | — |  | 47,760 |
Preferred shares subject to redemption |  | 50,352 |  | — |  | — |  | — |  | 50,352 |
Community development district obligations |  | — |  | 4,266 |  | — |  | — |  | 4,266 |
Obligation for consolidated inventory not owned |  | — |  | 1,438 |  | 15,556 |  | — |  | 16,994 |
Notes payable bank - financial services operations |  | — |  | — |  | 53,126 |  | — |  | 53,126 |
Notes payable - other |  | — |  | 10,316 |  | — |  | — |  | 10,316 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 227,770 |  | — |  | — |  | — |  | 227,770 |
TOTAL LIABILITIES |  | 421,872 |  | 126,898 |  | 74,881 |  | — |  | 623,651 |
Shareholders' equity |  | 345,001 |  | 373,800 |  | 19,742 |  | (393,542 | ) | 345,001 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 766,873 |  | $ | 500,698 |  | $ | 94,623 |  | $ | (393,542 | ) | $ | 968,652 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 126,334 |  | $ | 19,164 |  | $ | — |  | $ | 145,498 |
Restricted cash |  | — |  | 8,680 |  | — |  | — |  | 8,680 |
Mortgage loans held for sale |  | — |  | — |  | 71,121 |  | — |  | 71,121 |
Inventory |  | — |  | 540,761 |  | 16,056 |  | — |  | 556,817 |
Property and equipment - net |  | — |  | 10,314 |  | 125 |  | — |  | 10,439 |
Investment in Unconsolidated LLCs |  | — |  | — |  | 11,732 |  | — |  | 11,732 |
Investment in subsidiaries |  | 391,555 |  | — |  | — |  | (391,555 | ) | — |
Intercompany |  | 219,962 |  | (205,389 | ) | (14,573 | ) | — |  | — |
Other assets |  | 9,081 |  | 12,375 |  | 5,557 |  | — |  | 27,013 |
TOTAL ASSETS |  | $ | 620,598 |  | $ | 493,075 |  | $ | 109,182 |  | $ | (391,555 | ) | $ | 831,300 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 46,882 |  | $ | 808 |  | $ | — |  | $ | 47,690 |
Customer deposits |  | — |  | 10,239 |  | — |  | — |  | 10,239 |
Other liabilities |  | — |  | 44,230 |  | 5,742 |  | — |  | 49,972 |
Community development district obligations |  | — |  | 4,634 |  | — |  | — |  | 4,634 |
Obligation for consolidated inventory not owned |  | — |  | 3,549 |  | 15,556 |  | — |  | 19,105 |
Notes payable bank - financial services operations |  | — |  | — |  | 67,957 |  | — |  | 67,957 |
Notes payable - other |  | — |  | 11,105 |  | — |  | — |  | 11,105 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Senior notes |  | 227,670 |  | — |  | — |  | — |  | 227,670 |
TOTAL LIABILITIES |  | 285,170 |  | 120,639 |  | 90,063 |  | — |  | 495,872 |
Shareholders' equity |  | 335,428 |  | 372,436 |  | 19,119 |  | (391,555 | ) | 335,428 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 620,598 |  | $ | 493,075 |  | $ | 109,182 |  | $ | (391,555 | ) | $ | 831,300 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2013
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | — |  | $ | (9,997 | ) | $ | 18,555 |  | $ | — |  | $ | 8,558 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted Cash | — |  | (621 | ) | — |  | — |  | (621 | )
Purchase of property and equipment | — |  | (192 | ) | (37 | ) | — |  | (229 | )
Investments in and advances to Unconsolidated LLC's | — |  | — |  | (11,852 | ) | — |  | (11,852 | )
Net cash used in investing activities | — |  | (813 | ) | (11,889 | ) | — |  | (12,702 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (14,831 | ) | — |  | (14,831 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | (789 | ) | — |  | — |  | (789 | )
Proceeds from issuance of convertible senior subordinated notes | 86,250 |  | — |  | — |  | — |  | 86,250 |
Proceeds from issuance of common shares | 54,617 |  | — |  | — |  | — |  | 54,617 |
Intercompany financing | (140,867 | ) | 133,958 |  | 6,909 |  | — |  | — |
Debt issue costs | — |  | (3,544 | ) | — |  | — |  | (3,544 | )
Net cash provided by (used in) financing activities | — |  | 129,625 |  | (7,922 | ) | — |  | 121,703 |
Net increase (decrease) in cash and cash equivalents | — |  | 118,815 |  | (1,256 | ) | — |  | 117,559 |
Cash and cash equivalents balance at beginning of period | — |  | 126,334 |  | 19,164 |  | — |  | 145,498 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 245,149 |  | $ | 17,908 |  | $ | — |  | $ | 263,057 |
| Three Months Ended March 31, 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 | $ | — |  | $ | (19,041 | ) | $ | 11,366 |  | $ | — |  | $ | (7,675 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 27,740 |  | — |  | — |  | 27,740 |
Purchase of property and equipment | — |  | (47 | ) | — |  | — |  | (47 | )
Investments in and advances to Unconsolidated LLC's | — |  | — |  | (361 | ) | — |  | (361 | )
Net cash provided by (used in) investing activities | — |  | 27,693 |  | (361 | ) | — |  | 27,332 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (11,026 | ) | — |  | (11,026 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | 80 |  | — |  | — |  | 80 |
Intercompany financing | (367 | ) | 1,500 |  | (1,133 | ) | — |  | — |
Debt issue costs | — |  | (1,893 | ) | — |  | — |  | (1,893 | )
Proceeds from exercise of stock options | 367 |  | — |  | — |  | — |  | 367 |
Net cash used in financing activities | — |  | (313 | ) | (12,159 | ) | — |  | (12,472 | )
Net increase (decrease) in cash and cash equivalents | — |  | 8,339 |  | (1,154 | ) | — |  | 7,185 |
Cash and cash equivalents balance at beginning of period | — |  | 43,539 |  | 16,254 |  | — |  | 59,793 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 51,878 |  | $ | 15,100 |  | $ | — |  | $ | 66,978 |

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