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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2014
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended June 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 275,138 |  | $ | 6,470 |  | $ | — |  | $ | 281,608 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 221,217 |  | — |  | — |  | 221,217 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 804 |  | — |  | — |  | 804 |
General and administrative |  | — |  | 18,057 |  | 3,224 |  | — |  | 21,281 |
Selling |  | — |  | 20,251 |  | — |  | — |  | 20,251 |
Equity in loss of unconsolidated joint ventures |  | — |  | — |  | 22 |  | — |  | 22 |
Interest |  | — |  | 2,428 |  | 302 |  | — |  | 2,730 |
Total costs and expenses |  | — |  | 262,757 |  | 3,548 |  | — |  | 266,305 |
Income before income taxes |  | — |  | 12,381 |  | 2,922 |  | — |  | 15,303 |
Provision for income taxes |  | — |  | 344 |  | 1,405 |  | — |  | 1,749 |
Equity in subsidiaries |  | 13,554 |  | — |  | — |  | (13,554 | ) | — |
Net income |  | 13,554 |  | 12,037 |  | 1,517 |  | (13,554 | ) | 13,554 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 12,335 |  | $ | 12,037 |  | $ | 1,517 |  | $ | (13,554 | ) | $ | 12,335 |
|  | 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 joint ventures |  | — |  | 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 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Six Months Ended June 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 502,114 |  | $ | 14,335 |  | $ | — |  | $ | 516,449 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 405,181 |  | — |  | — |  | 405,181 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 804 |  | — |  | — |  | 804 |
General and administrative |  | — |  | 33,348 |  | 6,248 |  | — |  | 39,596 |
Selling |  | — |  | 36,220 |  | — |  | — |  | 36,220 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (40 | ) | — |  | (40 | )
Interest |  | — |  | 6,282 |  | 618 |  | — |  | 6,900 |
Total costs and expenses |  | — |  | 481,835 |  | 6,826 |  | — |  | 488,661 |
Income before income taxes |  | — |  | 20,279 |  | 7,509 |  | — |  | 27,788 |
(Benefit) provision for income taxes |  | — |  | (1,437 | ) | 3,039 |  | — |  | 1,602 |
Equity in subsidiaries |  | 26,186 |  | — |  | — |  | (26,186 | ) | — |
Net income |  | 26,186 |  | 21,716 |  | 4,470 |  | (26,186 | ) | 26,186 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Net income to common shareholders |  | $ | 23,748 |  | $ | 21,716 |  | $ | 4,470 |  | $ | (26,186 | ) | $ | 23,748 |
|  | Six Months Ended June 30, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 409,618 |  | $ | 15,662 |  | $ | — |  | $ | 425,280 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 338,649 |  | — |  | — |  | 338,649 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 2,101 |  | — |  | — |  | 2,101 |
General and administrative |  | — |  | 27,795 |  | 6,333 |  | — |  | 34,128 |
Selling |  | — |  | 29,338 |  | 46 |  | — |  | 29,384 |
Interest |  | — |  | 8,084 |  | 653 |  | — |  | 8,737 |
Total costs and expenses |  | — |  | 405,967 |  | 7,032 |  | — |  | 412,999 |
Income before income taxes |  | — |  | 3,651 |  | 8,630 |  | — |  | 12,281 |
(Benefit) provision for income taxes |  | — |  | (2,614 | ) | 3,044 |  | — |  | 430 |
Equity in subsidiaries |  | 11,851 |  | — |  | — |  | (11,851 | ) | — |
Net income |  | 11,851 |  | 6,265 |  | 5,586 |  | (11,851 | ) | 11,851 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Excess of fair value over book value of preferred shares redeemed |  | 2,190 |  | — |  | — |  | — |  | 2,190 |
Net income to common shareholders |  | $ | 8,442 |  | $ | 6,265 |  | $ | 5,586 |  | $ | (11,851 | ) | $ | 8,442 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 19,707 |  | $ | 13,936 |  | $ | — |  | $ | 33,643 |
Restricted cash |  | — |  | 10,076 |  | — |  | — |  | 10,076 |
Mortgage loans held for sale |  | — |  | — |  | 64,782 |  | — |  | 64,782 |
Inventory |  | — |  | 816,140 |  | — |  | — |  | 816,140 |
Property and equipment - net |  | — |  | 10,969 |  | 314 |  | — |  | 11,283 |
Investment in unconsolidated joint ventures |  | — |  | 23,843 |  | 18,339 |  | — |  | 42,182 |
Deferred income taxes, net of valuation allowances |  | — |  | 108,626 |  | 932 |  | — |  | 109,558 |
Investment in subsidiaries |  | 555,665 |  | — |  | — |  | (555,665 | ) | — |
Intercompany assets |  | 327,915 |  | — |  | — |  | (327,915 | ) | — |
Other assets |  | 8,583 |  | 21,564 |  | 8,895 |  | — |  | 39,042 |
TOTAL ASSETS |  | $ | 892,163 |  | $ | 1,010,925 |  | $ | 107,198 |  | $ | (883,580 | ) | $ | 1,126,706 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 87,082 |  | $ | 243 |  | $ | — |  | $ | 87,325 |
Customer deposits |  | — |  | 15,019 |  | — |  | — |  | 15,019 |
Intercompany liabilities |  | — |  | 307,650 |  | 20,265 |  | (327,915 | ) | — |
Other liabilities |  | — |  | 54,096 |  | 5,320 |  | — |  | 59,416 |
Community development district obligations |  | — |  | 1,884 |  | — |  | — |  | 1,884 |
Obligation for consolidated inventory not owned |  | — |  | 1,268 |  | — |  | — |  | 1,268 |
Notes payable bank - financial services operations |  | — |  | — |  | 61,914 |  | — |  | 61,914 |
Notes payable - other |  | — |  | 7,717 |  | — |  | — |  | 7,717 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,269 |  | — |  | — |  | — |  | 228,269 |
TOTAL LIABILITIES |  | 372,019 |  | 474,716 |  | 87,742 |  | (327,915 | ) | 606,562 |
SHAREHOLDERS’ EQUITY |  | 520,144 |  | 536,209 |  | 19,456 |  | (555,665 | ) | 520,144 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 892,163 |  | $ | 1,010,925 |  | $ | 107,198 |  | $ | (883,580 | ) | $ | 1,126,706 |
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
| Six Months Ended June 30, 2014
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 6,400 |  | $ | (93,426 | ) | $ | 26,757 |  | $ | (6,400 | ) | $ | (66,669 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 3,819 |  | — |  | — |  | 3,819 |
Purchase of property and equipment | — |  | (1,578 | ) | (99 | ) | — |  | (1,677 | )
Investments in and advances to unconsolidated joint ventures | — |  | (10,318 | ) | (3,166 | ) | — |  | (13,484 | )
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 2,135 |  | — |  | 2,135 |
Net cash used in investing activities | — |  | (8,077 | ) | (1,130 | ) | — |  | (9,207 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayments of bank borrowings - net | — |  | — |  | (18,115 | ) | — |  | (18,115 | )
Principal repayments of note payable - other and community development district bond obligations | — |  | (73 | ) | — |  | — |  | (73 | )
Proceeds from exercise of stock options | 1,460 |  | — |  | — |  | — |  | 1,460 |
Intercompany financing | (5,422 | ) | 7,876 |  | (2,454 | ) | — |  | — |
Dividends paid | (2,438 | ) | — |  | (6,400 | ) | 6,400 |  | (2,438 | )
Debt issue costs | — |  | — |  | (40 | ) | — |  | (40 | )
Net cash (used in) provided by financing activities | (6,400 | ) | 7,803 |  | (27,009 | ) | 6,400 |  | (19,206 | )
Net decrease in cash and cash equivalents | — |  | (93,700 | ) | (1,382 | ) | — |  | (95,082 | )
Cash and cash equivalents balance at beginning of period | — |  | 113,407 |  | 15,318 |  | — |  | 128,725 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 19,707 |  | $ | 13,936 |  | $ | — |  | $ | 33,643 |
| Six Months Ended June 30, 2013
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 4,600 |  | $ | (47,747 | ) | $ | 22,569 |  | $ | (4,600 | ) | $ | (25,178 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | (3,869 | ) | — |  | — |  | (3,869 | )
Purchase of property and equipment | — |  | (991 | ) | (59 | ) | — |  | (1,050 | )
Investments in and advances to unconsolidated joint ventures | — |  | (10,160 | ) | (8,128 | ) | — |  | (18,288 | )
Net cash used in investing activities | — |  | (15,020 | ) | (8,187 | ) | — |  | (23,207 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayments from bank borrowings - net | — |  | — |  | (17,515 | ) | — |  | (17,515 | )
Principal repayments from 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 of preferred shares | (50,352 | ) | — |  | — |  | — |  | (50,352 | )
Proceeds from exercise of stock options | 2,639 |  | — |  | — |  | — |  | 2,639 |
Proceeds from issuance of common shares | 54,617 |  | — |  | — |  | — |  | 54,617 |
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 (used in) provided by 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 |

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