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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2013
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended June 30, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 227,301 |  | $ | 7,252 |  | $ | — |  | $ | 234,553 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 187,136 |  | — |  | — |  | 187,136 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 1,201 |  |  | — |  | 1,201 |
General and administrative |  | — |  | 14,953 |  | 3,196 |  | — |  | 18,149 |
Selling |  | — |  | 16,246 |  | 29 |  | — |  | 16,275 |
Interest |  | — |  | 4,062 |  | 335 |  | — |  | 4,397 |
Total costs and expenses |  | — |  | 223,598 |  | 3,560 |  | — |  | 227,158 |
Income before income taxes |  | — |  | 3,703 |  | 3,692 |  | — |  | 7,395 |
(Benefit) provision for income taxes |  | — |  | (1,199 | ) | 1,330 |  | — |  | 131 |
Equity in subsidiaries |  | 7,264 |  | — |  | — |  | (7,264 | ) | — |
Net income |  | 7,264 |  | 4,902 |  | 2,362 |  | (7,264 | ) | 7,264 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 6,045 |  | $ | 4,902 |  | $ | 2,362 |  | $ | (7,264 | ) | $ | 6,045 |
|  | Three Months Ended June 30, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 166,070 |  | $ | 4,924 |  | $ | — |  | $ | 170,994 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 137,111 |  | — |  | — |  | 137,111 |
Impairment of inventory and investment in Unconsolidated LLCs |  | — |  | 472 |  | — |  | — |  | 472 |
General and administrative |  | — |  | 11,033 |  | 2,793 |  | — |  | 13,826 |
Selling |  | — |  | 12,825 |  | — |  | — |  | 12,825 |
Interest |  | — |  | 3,150 |  | 311 |  | — |  | 3,461 |
Total costs and expenses |  | — |  | 164,591 |  | 3,104 |  | — |  | 167,695 |
Income before income taxes |  | — |  | 1,479 |  | 1,820 |  | — |  | 3,299 |
(Benefit) provision for income taxes |  | — |  | (519 | ) | 614 |  | — |  | 95 |
Equity in subsidiaries |  | 3,204 |  | — |  | — |  | (3,204 | ) | — |
Net income (loss) |  | $ | 3,204 |  | $ | 1,998 |  | $ | 1,206 |  | $ | (3,204 | ) | $ | 3,204 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 149,147 |  | $ | 17,105 |  | $ | — |  | $ | 166,252 |
Restricted cash |  | — |  | 12,478 |  | — |  | — |  | 12,478 |
Mortgage loans held for sale |  | — |  | — |  | 51,491 |  | — |  | 51,491 |
Inventory |  | — |  | 614,999 |  | — |  | — |  | 614,999 |
Property and equipment - net |  | — |  | 10,110 |  | 157 |  | — |  | 10,267 |
Investment in Unconsolidated LLCs |  | — |  | 10,160 |  | 18,488 |  | — |  | 28,648 |
Investment in subsidiaries |  | 398,806 |  | — |  | — |  | (398,806 | ) | — |
Intercompany assets |  | 316,248 |  | — |  | — |  | (316,248 | ) | — |
Other assets |  | 11,100 |  | 12,525 |  | 10,506 |  | — |  | 34,131 |
TOTAL ASSETS |  | $ | 726,154 |  | $ | 809,419 |  | $ | 97,747 |  | $ | (715,054 | ) | $ | 918,266 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 61,570 |  | $ | 318 |  | $ | — |  | $ | 61,888 |
Customer deposits |  | — |  | 15,472 |  | — |  | — |  | 15,472 |
Intercompany liabilities |  | — |  | 295,870 |  | 20,378 |  | (316,248 | ) | — |
Other liabilities |  | — |  | 42,625 |  | 6,505 |  | — |  | 49,130 |
Community development district obligations |  | — |  | 3,870 |  | — |  | — |  | 3,870 |
Obligation for consolidated inventory not owned |  | — |  | 1,881 |  | — |  | — |  | 1,881 |
Notes payable bank - financial services operations |  | — |  | — |  | 50,442 |  | — |  | 50,442 |
Notes payable - other |  | — |  | 9,429 |  | — |  | — |  | 9,429 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 227,870 |  | — |  | — |  | — |  | 227,870 |
TOTAL LIABILITIES |  | 371,620 |  | 430,717 |  | 77,643 |  | (316,248 | ) | 563,732 |
SHAREHOLDERS' EQUITY |  | 354,534 |  | 378,702 |  | 20,104 |  | (398,806 | ) | 354,534 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 726,154 |  | $ | 809,419 |  | $ | 97,747 |  | $ | (715,054 | ) | $ | 918,266 |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted 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 assets |  | 219,962 |  | — |  | — |  | (219,962 | ) | — |
Other assets |  | 9,081 |  | 12,375 |  | 5,557 |  | — |  | 27,013 |
TOTAL ASSETS |  | $ | 620,598 |  | $ | 698,464 |  | $ | 123,755 |  | $ | (611,517 | ) | $ | 831,300 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 46,882 |  | $ | 808 |  | $ | — |  | $ | 47,690 |
Customer deposits |  | — |  | 10,239 |  | — |  | — |  | 10,239 |
Intercompany liabilities |  | — |  | 205,389 |  | 14,573 |  | (219,962 | ) | — |
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 |  | 326,028 |  | 104,636 |  | (219,962 | ) | 495,872 |
SHAREHOLDERS' EQUITY |  | 335,428 |  | 372,436 |  | 19,119 |  | (391,555 | ) | 335,428 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 620,598 |  | $ | 698,464 |  | $ | 123,755 |  | $ | (611,517 | ) | $ | 831,300 |
(a) | Certain amounts above have been reclassified from intercompany assets to intercompany liabilities as of December 31, 2012. These reclassifications relate solely to transactions between M/I Homes, Inc. and its subsidiaries and are immaterial to the Supplemental Condensed Consolidated Financial Statements. These reclassifications do not impact the Company's consolidated financial statements.
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, 2013
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | 4,600 |  | $ | (47,747 | ) | $ | 22,569 |  | $ | (4,600 | ) | $ | (25,178 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted Cash | — |  | (3,869 | ) | — |  |  |  | (3,869 | )
Purchase of property and equipment | — |  | (991 | ) | (59 | ) |  |  | (1,050 | )
Investments in and advances to Unconsolidated LLC's | — |  | (10,160 | ) | (8,128 | ) | — |  | (18,288 | )
Net cash used in investing activities | — |  | (15,020 | ) | (8,187 | ) | — |  | (23,207 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (17,515 | ) | — |  | (17,515 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | (1,676 | ) | — |  | — |  | (1,676 | )
Proceeds from issuance of convertible senior subordinated notes due 2018 | 86,250 |  | — |  | — |  | — |  | 86,250 |
Redemption of preferred shares | (50,352 | ) | — |  | — |  | — |  | (50,352 | )
Proceeds from issuance of common shares | 54,617 |  | — |  | — |  | — |  | 54,617 |
Proceeds from exercise of stock options | 2,639 |  | — |  | — |  | — |  | 2,639 |
Intercompany financing | (96,535 | ) | 90,800 |  | 5,735 |  | — |  | — |
Dividends paid | (1,219 | ) | — |  | (4,600 | ) | 4,600 |  | (1,219 | )
Debt issue costs | — |  | (3,544 | ) | (61 | ) | — |  | (3,605 | )
Net cash provided by (used in) financing activities | (4,600 | ) | 85,580 |  | (16,441 | ) | 4,600 |  | 69,139 |
Net increase (decrease) in cash and cash equivalents | — |  | 22,813 |  | (2,059 | ) | — |  | 20,754 |
Cash and cash equivalents balance at beginning of period | — |  | 126,334 |  | 19,164 |  | — |  | 145,498 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 149,147 |  | $ | 17,105 |  | $ | — |  | $ | 166,252 |
| Six Months Ended June 30, 2012
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | 2,000 |  | $ | (32,922 | ) | $ | 9,393 |  | $ | (2,000 | ) | $ | (23,529 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 28,756 |  | — |  | — |  | 28,756 |
Purchase of property and equipment | — |  | (242 | ) | (10 | ) | — |  | (252 | )
Acquisition, net of cash acquired | — |  | (4,707 | ) | — |  | — |  | (4,707 | )
Investments in and advances to Unconsolidated LLC's | — |  | — |  | (563 | ) | — |  | (563 | )
Distributions from Unconsolidated LLCs | — |  | — |  | — |  | — |  | — |
Net cash provided by (used in) investing activities | — |  | 23,807 |  | (573 | ) | — |  | 23,234 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (6,263 | ) | — |  | (6,263 | )
Repayment of Senior Notes | (41,443 | ) | — |  | — |  | — |  | (41,443 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | 4,965 |  | — |  | — |  | 4,965 |
Intercompany financing | 9,003 |  | (8,606 | ) | (397 | ) | — |  | — |
Proceeds from issuance of senior notes | 29,700 |  | — |  | — |  | — |  | 29,700 |
Dividends paid | — |  | — |  | (2,000 | ) | 2,000 |  | — |
Debt issue costs | — |  | (2,869 | ) | (31 | ) | — |  | (2,900 | )
Proceeds from exercise of stock options | 740 |  | — |  | — |  | — |  | 740 |
Net cash used in financing activities | (2,000 | ) | (6,510 | ) | (8,691 | ) | 2,000 |  | (15,201 | )
Net (decrease) increase in cash and cash equivalents | — |  | (15,625 | ) | 129 |  | — |  | (15,496 | )
Cash and cash equivalents balance at beginning of period | — |  | 43,539 |  | 16,254 |  | — |  | 59,793 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 27,914 |  | $ | 16,383 |  | $ | — |  | $ | 44,297 |
(a) | Certain amounts above have been reclassified from intercompany financing to dividends paid and cash flows from operating activities for the six months ended June 30, 2012. These reclassifications relate solely to transactions between M/I Homes, Inc. and its subsidiaries and are immaterial to the Supplemental Condensed Consolidated Financial Statements. These reclassifications do not impact the Company's consolidated financial statements.

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