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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2014
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended March 31, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 226,976 |  | $ | 7,865 |  | $ | — |  | $ | 234,841 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 183,964 |  | — |  | — |  | 183,964 |
General and administrative |  | — |  | 15,291 |  | 3,024 |  | — |  | 18,315 |
Selling |  | — |  | 15,969 |  | — |  | — |  | 15,969 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (62 | ) | — |  | (62 | )
Interest |  | — |  | 3,854 |  | 316 |  | — |  | 4,170 |
Total costs and expenses |  | — |  | 219,078 |  | 3,278 |  | — |  | 222,356 |
Income before income taxes |  | — |  | 7,898 |  | 4,587 |  | — |  | 12,485 |
(Benefit) provision for income taxes |  | — |  | (1,781 | ) | 1,634 |  | — |  | (147 | )
Equity in subsidiaries |  | 12,632 |  | — |  | — |  | (12,632 | ) | — |
Net income (loss) |  | 12,632 |  | 9,679 |  | 2,953 |  | (12,632 | ) | 12,632 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income (loss) to common shareholders |  | $ | 11,413 |  | $ | 9,679 |  | $ | 2,953 |  | $ | (12,632 | ) | $ | 11,413 |
|  | Three Months Ended March 31, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted 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 joint ventures |  | — |  | 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 (loss) |  | 4,587 |  | 1,363 |  | 3,224 |  | (4,587 | ) | 4,587 |
Excess of fair value over book value of preferred shares redeemed |  | 2,190 |  | — |  | — |  | — |  | 2,190 |
Net income (loss) to common shareholders |  | $ | 2,397 |  | $ | 1,363 |  | $ | 3,224 |  | $ | (4,587 | ) | $ | 2,397 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | March 31, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 75,221 |  | $ | 14,139 |  | $ | — |  | $ | 89,360 |
Restricted cash |  | — |  | 11,551 |  | — |  | — |  | 11,551 |
Mortgage loans held for sale |  | — |  | — |  | 55,750 |  | — |  | 55,750 |
Inventory |  | — |  | 723,627 |  | — |  | — |  | 723,627 |
Property and equipment - net |  | — |  | 10,226 |  | 280 |  | — |  | 10,506 |
Investment in unconsolidated joint ventures |  | — |  | 22,814 |  | 22,033 |  | — |  | 44,847 |
Deferred income taxes, net of valuation allowances |  | — |  | 110,241 |  | 973 |  | — |  | 111,214 |
Investment in subsidiaries |  | 545,511 |  | — |  | — |  | (545,511 | ) | — |
Intercompany assets |  | 323,761 |  | — |  | — |  | (323,761 | ) | — |
Other assets |  | 9,238 |  | 18,698 |  | 10,112 |  | — |  | 38,048 |
TOTAL ASSETS |  | $ | 878,510 |  | $ | 972,378 |  | $ | 103,287 |  | $ | (869,272 | ) | $ | 1,084,903 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 71,043 |  | $ | 333 |  | $ | — |  | $ | 71,376 |
Customer deposits |  | — |  | 12,984 |  | — |  | — |  | 12,984 |
Intercompany liabilities |  | — |  | 299,016 |  | 24,745 |  | (323,761 | ) | — |
Other liabilities |  | — |  | 53,720 |  | 5,337 |  | — |  | 59,057 |
Community development district obligations |  | — |  | 2,060 |  | — |  | — |  | 2,060 |
Obligation for consolidated inventory not owned |  | — |  | 1,627 |  | — |  | — |  | 1,627 |
Notes payable bank - financial services operations |  | — |  | — |  | 51,532 |  | — |  | 51,532 |
Notes payable - other |  | — |  | 7,757 |  | — |  | — |  | 7,757 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,169 |  | — |  | — |  | — |  | 228,169 |
TOTAL LIABILITIES |  | 371,919 |  | 448,207 |  | 81,947 |  | (323,761 | ) | 578,312 |
SHAREHOLDERS’ EQUITY |  | 506,591 |  | 524,171 |  | 21,340 |  | (545,511 | ) | 506,591 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 878,510 |  | $ | 972,378 |  | $ | 103,287 |  | $ | (869,272 | ) | $ | 1,084,903 |
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 |
Deferred income taxes, net of valuation allowances |  | — |  | 109,763 |  | 1,148 |  | — |  | 110,911 |
Investment in subsidiaries |  | 535,879 |  | — |  | — |  | (535,879 | ) | — |
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 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2014
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 3,000 |  | $ | (31,968 | ) | $ | 29,865 |  | $ | (3,000 | ) | $ | (2,103 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 2,395 |  | — |  |  |  | 2,395 |
Purchase of property and equipment | — |  | (363 | ) | (37 | ) |  |  | (400 | )
Investments in and advances to unconsolidated joint ventures | — |  | (9,289 | ) | (1,585 | ) | — |  | (10,874 | )
Net cash used in investing activities | — |  | (7,257 | ) | (1,622 | ) | — |  | (8,879 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (28,497 | ) | — |  | (28,497 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | (33 | ) | — |  | — |  | (33 | )
Proceeds from exercise of stock options | 1,366 |  | — |  | — |  | — |  | 1,366 |
Intercompany financing | (3,147 | ) | 1,072 |  | 2,075 |  | — |  | — |
Dividends paid | (1,219 | ) | — |  | (3,000 | ) | 3,000 |  | (1,219 | )
Net cash (used in) provided by financing activities | (3,000 | ) | 1,039 |  | (29,422 | ) | 3,000 |  | (28,383 | )
Net decrease in cash and cash equivalents | — |  | (38,186 | ) | (1,179 | ) | — |  | (39,365 | )
Cash and cash equivalents balance at beginning of period | — |  | 113,407 |  | 15,318 |  | — |  | 128,725 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 75,221 |  | $ | 14,139 |  | $ | — |  | $ | 89,360 |
| Three Months Ended March 31, 2013
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided (used in) by operating activities | $ | 2,600 |  | $ | (9,997 | ) | $ | 18,555 |  | $ | (2,600 | ) | $ | 8,558 |
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | (621 | ) | — |  | — |  | (621 | )
Purchase of property and equipment | — |  | (192 | ) | (37 | ) | — |  | (229 | )
Investments in and advances to unconsolidated joint ventures | — |  | — |  | (11,852 | ) | — |  | (11,852 | )
Net cash used in investing activities | — |  | (813 | ) | (11,889 | ) | — |  | (12,702 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - net | — |  | — |  | (14,831 | ) | — |  | (14,831 | )
Principal proceeds from note payable - other and community development district bond obligations | — |  | (789 | ) | — |  | — |  | (789 | )
Proceeds from issuance of convertible senior subordinated notes due 2017 | 86,250 |  | — |  | — |  | — |  | 86,250 |
Proceeds from issuance of common shares | 54,617 |  | — |  | — |  | — |  | 54,617 |
Intercompany financing | (143,467 | ) | 133,958 |  | 9,509 |  | — |  | — |
Dividends paid | — |  | — |  | (2,600 | ) | 2,600 |  | — |
Debt issue costs | — |  | (3,544 | ) |  |  | — |  | (3,544 | )
Net cash (used in) provided by financing activities | (2,600 | ) | 129,625 |  | (7,922 | ) | 2,600 |  | 121,703 |
Net increase 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 |
(a) | Certain amounts above have been reclassified from intercompany financing to dividends paid and cash flows from operating activities for the three months ended March 31, 2013. 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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