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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Year Ended December 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,008,243 |  | $ | 28,539 |  | $ | — |  | $ | 1,036,782 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 824,508 |  | — |  | — |  | 824,508 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 5,805 |  | — |  | — |  | 5,805 |
General and administrative |  | — |  | 66,249 |  | 13,245 |  | — |  | 79,494 |
Selling |  | — |  | 68,209 |  | 73 |  | — |  | 68,282 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (306 | ) | — |  | (306 | )
Interest |  | — |  | 14,556 |  | 1,382 |  | — |  | 15,938 |
Loss on early extinguishment of debt |  | — |  | 1,726 |  | — |  | — |  | 1,726 |
Total costs and expenses |  | — |  | 981,053 |  | 14,394 |  | — |  | 995,447 |
Income before income taxes |  | — |  | 27,190 |  | 14,145 |  | — |  | 41,335 |
(Benefit) provision for income taxes |  | — |  | (114,866 | ) | 4,778 |  | — |  | (110,088 | )
Equity in subsidiaries |  | 151,423 |  | — |  | — |  | (151,423 | ) | — |
Net income (loss) |  | $ | 151,423 |  | $ | 142,056 |  | $ | 9,367 |  | $ | (151,423 | ) | $ | 151,423 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Excess of fair value over book value of preferred shares redeemed |  | 2,190 |  | — |  | — |  | — |  | 2,190 |
Net income (loss) to common shareholders |  | $ | 145,577 |  | $ | 142,056 |  | $ | 9,367 |  | $ | (151,423 | ) | $ | 145,577 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Year Ended December 31, 2012
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 738,649 |  | $ | 23,256 |  | $ | — |  | $ | 761,905 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 610,540 |  | — |  | — |  | 610,540 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 3,502 |  | — |  | — |  | 3,502 |
General and administrative |  | — |  | 51,307 |  | 11,320 |  | — |  | 62,627 |
Selling |  | — |  | 56,396 |  | 10 |  | — |  | 56,406 |
Interest |  | — |  | 14,650 |  | 1,421 |  | — |  | 16,071 |
Total costs and expenses |  | — |  | 736,395 |  | 12,751 |  | — |  | 749,146 |
Income before income taxes |  | — |  | 2,254 |  | 10,505 |  | — |  | 12,759 |
(Benefit) provision for income taxes |  | — |  | (4,157 | ) | 3,569 |  | — |  | (588 | )
Equity in subsidiaries |  | 13,347 |  | — |  | — |  | (13,347 | ) | — |
Net income (loss) |  | $ | 13,347 |  | $ | 6,411 |  | $ | 6,936 |  | $ | (13,347 | ) | $ | 13,347 |
|  | Year Ended December 31, 2011
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 551,958 |  | $ | 14,466 |  | $ | — |  | $ | 566,424 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 467,130 |  | — |  | — |  | 467,130 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 21,993 |  | — |  | — |  | 21,993 |
General and administrative |  | — |  | 44,438 |  | 8,226 |  | — |  | 52,664 |
Selling |  | — |  | 43,534 |  | — |  | — |  | 43,534 |
Interest |  | — |  | 14,050 |  | 955 |  | — |  | 15,005 |
Total costs and expenses |  | — |  | 591,145 |  | 9,181 |  | — |  | 600,326 |
(Loss) income before income taxes |  | — |  | (39,187 | ) | 5,285 |  | — |  | (33,902 | )
(Benefit) provision for income taxes |  | — |  | (1,784 | ) | 1,759 |  | — |  | (25 | )
Equity in subsidiaries |  | (33,877 | ) | — |  | — |  | 33,877 |  | — |
Net (loss) income |  | $ | (33,877 | ) | $ | (37,403 | ) | $ | 3,526 |  | $ | 33,877 |  | $ | (33,877 | )
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 113,407 |  | $ | 15,318 |  | $ | — |  | $ | 128,725 |
Restricted cash |  | — |  | 13,902 |  | — |  | — |  | 13,902 |
Mortgage loans held for sale |  | — |  | — |  | 81,810 |  | — |  | 81,810 |
Inventory |  | — |  | 690,934 |  | — |  | — |  | 690,934 |
Property and equipment - net |  | — |  | 10,267 |  | 269 |  | — |  | 10,536 |
Investment in unconsolidated joint ventures |  | — |  | 13,525 |  | 21,741 |  | — |  | 35,266 |
Investment in subsidiaries |  | 535,879 |  | — |  | — |  | (535,879 | ) | — |
Deferred income taxes, net of valuation allowances |  | — |  | 109,763 |  | 1,148 |  | — |  | 110,911 |
Intercompany assets |  | 318,852 |  | — |  | — |  | (318,852 | ) | — |
Other assets |  | 9,892 |  | 17,180 |  | 11,020 |  | — |  | 38,092 |
TOTAL ASSETS |  | $ | 864,623 |  | $ | 968,978 |  | $ | 131,306 |  | $ | (854,731 | ) | $ | 1,110,176 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 69,887 |  | $ | 339 |  | $ | — |  | $ | 70,226 |
Customer deposits |  | — |  | 11,262 |  | — |  | — |  | 11,262 |
Intercompany liabilities |  | — |  | 296,229 |  | 22,623 |  | (318,852 | ) | — |
Other liabilities |  | — |  | 64,413 |  | 6,928 |  | — |  | 71,341 |
Community development district obligations |  | — |  | 3,130 |  | — |  | — |  | 3,130 |
Obligation for consolidated inventory not owned |  | — |  | 1,775 |  | — |  | — |  | 1,775 |
Notes payable bank - financial services operations |  | — |  | — |  | 80,029 |  | — |  | 80,029 |
Notes payable - other |  | — |  | 7,790 |  | — |  | — |  | 7,790 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,070 |  | — |  | — |  | — |  | 228,070 |
TOTAL LIABILITIES |  | 371,820 |  | 454,486 |  | 109,919 |  | (318,852 | ) | 617,373 |
Shareholders' equity |  | 492,803 |  | 514,492 |  | 21,387 |  | (535,879 | ) | 492,803 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 864,623 |  | $ | 968,978 |  | $ | 131,306 |  | $ | (854,731 | ) | $ | 1,110,176 |
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 joint ventures |  | — |  | — |  | 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
|  | Year Ended December 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | 7,100 |  | $ | (72,633 | ) | $ | (1,341 | ) | $ | (7,100 | ) | $ | (73,974 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Restricted cash |  | — |  | (5,185 | ) | — |  | — |  | (5,185 | )
Purchase of property and equipment |  | — |  | (2,146 | ) | (236 | ) | — |  | (2,382 | )
Investments in and advances to unconsolidated joint ventures |  | — |  | (13,525 | ) | (15,984 | ) | — |  | (29,509 | )
Return of capital from unconsolidated joint ventures |  | — |  | — |  | 1,522 |  | — |  | 1,522 |
Net cash (used in) provided by investing activities |  | — |  | (20,856 | ) | (14,698 | ) | — |  | (35,554 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Proceeds from bank borrowings - net |  | — |  | — |  | 12,072 |  | — |  | 12,072 |
Principal repayments from notes payable - other and community development district bond obligations |  | — |  | (3,315 | ) | — |  | — |  | (3,315 | )
Proceeds from issuance of convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Redemption of preferred shares |  | (50,352 | ) | — |  | — |  | — |  | (50,352 | )
Dividends paid |  | (3,656 | ) | — |  | (7,100 | ) | 7,100 |  | (3,656 | )
Proceeds from issuance of common shares |  | 54,617 |  | — |  | — |  | — |  | 54,617 |
Intercompany financing |  | (96,599 | ) | 89,279 |  | 7,320 |  | — |  | — |
Debt issue costs |  | — |  | (5,402 | ) | (99 | ) | — |  | (5,501 | )
Proceeds from exercise of stock options |  | 2,640 |  | — |  | — |  | — |  | 2,640 |
Net cash (used in) provided by financing activities |  | (7,100 | ) | 80,562 |  | 12,193 |  | 7,100 |  | 92,755 |
Net decrease in cash and cash equivalents |  | — |  | (12,927 | ) | (3,846 | ) | — |  | (16,773 | )
Cash and cash equivalents balance at beginning of period |  | — |  | 126,334 |  | 19,164 |  | — |  | 145,498 |
Cash and cash equivalents balance at end of period |  | $ | — |  | $ | 113,407 |  | $ | 15,318 |  | $ | — |  | $ | 128,725 |
|  | Year Ended December 31, 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 (a) |  | $ | 3,500 |  | $ | (35,770 | ) | $ | (11,225 | ) | $ | (3,500 | ) | $ | (46,995 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Restricted cash |  | — |  | 32,779 |  | — |  | — |  | 32,779 |
Purchase of property and equipment |  | — |  | (854 | ) | (79 | ) | — |  | (933 | )
Acquisition, net of cash acquired |  | — |  | (4,707 | ) | — |  | — |  | (4,707 | )
Investments in and advances to unconsolidated joint ventures |  | — |  | — |  | (1,817 | ) | — |  | (1,817 | )
Net cash used in investing activities |  | — |  | 27,218 |  | (1,896 | ) | — |  | 25,322 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Repayment of senior notes |  | (41,443 | ) | — |  | — |  | — |  | (41,443 | )
Proceeds from bank borrowings - net |  | — |  | — |  | 15,351 |  | — |  | 15,351 |
Principal proceeds from note payable - other and community development district bond obligations |  | — |  | 5,304 |  | — |  | — |  | 5,304 |
Proceeds from issuance of senior notes |  | 29,700 |  | — |  | — |  | — |  | 29,700 |
Proceeds from issuance of convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Dividends paid (a) |  | — |  | — |  | (3,500 | ) | 3,500 |  | — |
Proceeds from issuance of common shares |  | 42,085 |  | — |  | — |  | — |  | 42,085 |
Intercompany financing |  | (96,104 | ) | 91,856 |  | 4,248 |  | — |  | — |
Debt issue costs |  | — |  | (5,813 | ) | (68 | ) | — |  | (5,881 | )
Proceeds from exercise of stock options |  | 4,762 |  | — |  | — |  | — |  | 4,762 |
Net cash provided by financing activities |  | (3,500 | ) | 91,347 |  | 16,031 |  | 3,500 |  | 107,378 |
Net increase in cash and cash equivalents |  | — |  | 82,795 |  | 2,910 |  | — |  | 85,705 |
Cash and cash equivalents balance at beginning of period |  | — |  | 43,539 |  | 16,254 |  | — |  | 59,793 |
Cash and cash equivalents balance at end of period |  | $ | — |  | $ | 126,334 |  | $ | 19,164 |  | $ | — |  | $ | 145,498 |
(a) | Certain amounts above have been reclassified from intercompany financing to dividends paid and cash flows from operating activities for the year ended 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.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|  | Year Ended December 31, 2011
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |
Net cash used in operating activities (a) |  | $ | 2,500 |  | $ | (27,734 | ) | $ | (6,227 | ) | $ | (2,500 | ) | $ | (33,961 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Change in restricted cash |  | — |  | (2,566 | ) | — |  | — |  | (2,566 | )
Purchase of property and equipment |  | — |  | (1,314 | ) | (38 | ) | — |  | (1,352 | )
Acquisition, net of cash acquired |  | — |  | (4,654 | ) | — |  | — |  | (4,654 | )
Distributions from unconsolidated joint ventures |  | — |  | — |  | (752 | ) | — |  | (752 | )
Net cash used in investing activities |  | — |  | (8,534 | ) | (790 | ) | — |  | (9,324 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Repayments of bank borrowings - net |  | — |  | — |  | 20,409 |  | — |  | 20,409 |
Principal repayments of note payable-other and community development district bond obligations |  | — |  | (52 | ) | — |  | — |  | (52 | )
Dividends paid (a) |  | — |  | — |  | (2,500 | ) | 2,500 |  | — |
Intercompany financing |  | (4,233 | ) | 8,135 |  | (3,902 | ) | — |  | — |
Debt issue costs |  | — |  | (150 | ) | (70 | ) | — |  | (220 | )
Proceeds from exercise of stock options |  | 1,500 |  | — |  | — |  | — |  | 1,500 |
Excess tax benefit from stock-based payment arrangements |  | 233 |  | — |  | — |  | — |  | 233 |
Net cash provided by financing activities |  | (2,500 | ) | 7,933 |  | 13,937 |  | 2,500 |  | 21,870 |
Net (decrease) increase in cash and cash equivalents |  | — |  | (28,335 | ) | 6,920 |  | — |  | (21,415 | )
Cash and cash equivalents balance at beginning of period |  | — |  | 71,874 |  | 9,334 |  | — |  | 81,208 |
Cash and cash equivalents balance at end of period |  | $ | — |  | $ | 43,539 |  | $ | 16,254 |  | $ | — |  | $ | 59,793 |
(a) | Certain amounts above have been reclassified from intercompany financing to dividends paid and cash flows from operating activities for the year ended December 31, 2011. 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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