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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2014
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Three Months Ended September 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 323,187 |  | $ | 7,580 |  | $ | — |  | $ | 330,767 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 261,636 |  | — |  | — |  | 261,636 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 622 |  | — |  | — |  | 622 |
General and administrative |  | — |  | 17,811 |  | 3,913 |  | — |  | 21,724 |
Selling |  | — |  | 21,955 |  | — |  | — |  | 21,955 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (22 | ) | — |  | (22 | )
Interest |  | — |  | 2,248 |  | 401 |  | — |  | 2,649 |
Total costs and expenses |  | — |  | 304,272 |  | 4,292 |  | — |  | 308,564 |
Income before income taxes |  | — |  | 18,915 |  | 3,288 |  | — |  | 22,203 |
Provision for income taxes |  | — |  | 7,428 |  | 1,158 |  | — |  | 8,586 |
Equity in subsidiaries |  | 13,617 |  | — |  | — |  | (13,617 | ) | — |
Net income |  | 13,617 |  | 11,487 |  | 2,130 |  | (13,617 | ) | 13,617 |
Preferred dividends |  | 1,218 |  | — |  | — |  | — |  | 1,218 |
Net income to common shareholders |  | $ | 12,399 |  | $ | 11,487 |  | $ | 2,130 |  | $ | (13,617 | ) | $ | 12,399 |
|  | Three Months Ended September 30, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 268,514 |  | $ | 6,681 |  | $ | — |  | $ | 275,195 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 218,150 |  | — |  | — |  | 218,150 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 2,136 |  | — |  | — |  | 2,136 |
General and administrative |  | — |  | 15,309 |  | 2,952 |  | — |  | 18,261 |
Selling |  | — |  | 17,979 |  | 20 |  | — |  | 17,999 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (278 | ) | — |  | (278 | )
Interest |  | — |  | 3,087 |  | 362 |  | — |  | 3,449 |
Loss on early extinguishment of debt |  | — |  | 1,726 |  | — |  | — |  | 1,726 |
Total costs and expenses |  | — |  | 258,387 |  | 3,056 |  | — |  | 261,443 |
Income before income taxes |  | — |  | 10,127 |  | 3,625 |  | — |  | 13,752 |
(Benefit) provision for income taxes |  | — |  | (112,694 | ) | 1,135 |  | — |  | (111,559 | )
Equity in subsidiaries |  | 125,311 |  | — |  | — |  | (125,311 | ) | — |
Net income |  | 125,311 |  | 122,821 |  | 2,490 |  | (125,311 | ) | 125,311 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 124,092 |  | $ | 122,821 |  | $ | 2,490 |  | $ | (125,311 | ) | $ | 124,092 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Nine Months Ended September 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 825,301 |  | $ | 21,915 |  | $ | — |  | $ | 847,216 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 666,817 |  | — |  | — |  | 666,817 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 1,426 |  | — |  | — |  | 1,426 |
General and administrative |  | — |  | 51,159 |  | 10,161 |  | — |  | 61,320 |
Selling |  | — |  | 58,175 |  | — |  | — |  | 58,175 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (62 | ) | — |  | (62 | )
Interest |  | — |  | 8,530 |  | 1,019 |  | — |  | 9,549 |
Total costs and expenses |  | — |  | 786,107 |  | 11,118 |  | — |  | 797,225 |
Income before income taxes |  | — |  | 39,194 |  | 10,797 |  | — |  | 49,991 |
Provision for income taxes |  | — |  | 5,991 |  | 4,197 |  | — |  | 10,188 |
Equity in subsidiaries |  | 39,803 |  | — |  | — |  | (39,803 | ) | — |
Net income |  | 39,803 |  | 33,203 |  | 6,600 |  | (39,803 | ) | 39,803 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Net income to common shareholders |  | $ | 36,147 |  | $ | 33,203 |  | $ | 6,600 |  | $ | (39,803 | ) | $ | 36,147 |
|  | Nine Months Ended September 30, 2013
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 678,132 |  | $ | 22,343 |  | $ | — |  | $ | 700,475 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 556,799 |  | — |  | — |  | 556,799 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 4,237 |  | — |  | — |  | 4,237 |
General and administrative |  | — |  | 43,104 |  | 9,285 |  | — |  | 52,389 |
Selling |  | — |  | 47,317 |  | 66 |  | — |  | 47,383 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (278 | ) | — |  | (278 | )
Interest |  | — |  | 11,171 |  | 1,015 |  | — |  | 12,186 |
Loss on early extinguishment of debt |  | — |  | 1,726 |  | — |  | — |  | 1,726 |
Total costs and expenses |  | — |  | 664,354 |  | 10,088 |  | — |  | 674,442 |
Income before income taxes |  | — |  | 13,778 |  | 12,255 |  | — |  | 26,033 |
(Benefit) provision for income taxes |  | — |  | (115,308 | ) | 4,179 |  | — |  | (111,129 | )
Equity in subsidiaries |  | 137,162 |  | — |  | — |  | (137,162 | ) | — |
Net income |  | 137,162 |  | 129,086 |  | 8,076 |  | (137,162 | ) | 137,162 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Excess of fair value over book value of preferred shares redeemed |  | 2,190 |  | — |  | — |  | — |  | 2,190 |
Net income to common shareholders |  | $ | 132,534 |  | $ | 129,086 |  | $ | 8,076 |  | $ | (137,162 | ) | $ | 132,534 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 3,811 |  | $ | 13,357 |  | $ | — |  | $ | 17,168 |
Restricted cash |  | — |  | 8,898 |  | — |  | — |  | 8,898 |
Mortgage loans held for sale |  | — |  | — |  | 76,983 |  | — |  | 76,983 |
Inventory |  | — |  | 893,964 |  | — |  | — |  | 893,964 |
Property and equipment - net |  | — |  | 11,119 |  | 311 |  | — |  | 11,430 |
Investment in unconsolidated joint ventures |  | — |  | 22,286 |  | 18,483 |  | — |  | 40,769 |
Deferred income taxes, net of valuation allowances |  | — |  | 101,849 |  | 1,033 |  | — |  | 102,882 |
Investment in subsidiaries |  | 567,407 |  | — |  | — |  | (567,407 | ) | — |
Intercompany assets |  | 330,075 |  | — |  | — |  | (330,075 | ) | — |
Other assets |  | 7,930 |  | 23,576 |  | 9,554 |  | — |  | 41,060 |
TOTAL ASSETS |  | $ | 905,412 |  | $ | 1,065,503 |  | $ | 119,721 |  | $ | (897,482 | ) | $ | 1,193,154 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 97,302 |  | $ | 571 |  | $ | — |  | $ | 97,873 |
Customer deposits |  | — |  | 14,202 |  | — |  | — |  | 14,202 |
Intercompany liabilities |  | — |  | 309,906 |  | 20,169 |  | (330,075 | ) | — |
Other liabilities |  | — |  | 68,711 |  | 5,492 |  | — |  | 74,203 |
Community development district obligations |  | — |  | 3,056 |  | — |  | — |  | 3,056 |
Obligation for consolidated inventory not owned |  | — |  | 1,700 |  | — |  | — |  | 1,700 |
Notes payable banks - homebuilding |  | — |  | 14,400 |  | — |  | — |  | 14,400 |
Notes payable bank - financial services operations |  | — |  | — |  | 73,778 |  | — |  | 73,778 |
Notes payable - other |  | — |  | 8,530 |  | — |  | — |  | 8,530 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,369 |  | — |  | — |  | — |  | 228,369 |
TOTAL LIABILITIES |  | 372,119 |  | 517,807 |  | 100,010 |  | (330,075 | ) | 659,861 |
SHAREHOLDERS’ EQUITY |  | 533,293 |  | 547,696 |  | 19,711 |  | (567,407 | ) | 533,293 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 905,412 |  | $ | 1,065,503 |  | $ | 119,721 |  | $ | (897,482 | ) | $ | 1,193,154 |
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
| Nine Months Ended September 30, 2014
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 8,275 |  | $ | (124,022 | ) | $ | 17,311 |  | $ | (8,275 | ) | $ | (106,711 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 4,912 |  | — |  | — |  | 4,912 |
Purchase of property and equipment | — |  | (2,222 | ) | (125 | ) | — |  | (2,347 | )
Investments in and advances to unconsolidated joint ventures | — |  | (12,080 | ) | (4,738 | ) | — |  | (16,818 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 619 |  | — |  | 619 |
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 2,135 |  | — |  | 2,135 |
Net cash used in investing activities | — |  | (9,390 | ) | (2,109 | ) | — |  | (11,499 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from (repayments of) bank borrowings - net | — |  | 14,400 |  | (6,251 | ) | — |  | 8,149 |
Principal proceeds from note payable - other and community development district bond obligations | — |  | 740 |  | — |  | — |  | 740 |
Proceeds from exercise of stock options | 1,460 |  | — |  | — |  | — |  | 1,460 |
Intercompany financing | (6,079 | ) | 8,676 |  | (2,597 | ) | — |  | — |
Dividends paid | (3,656 | ) | — |  | (8,275 | ) | 8,275 |  | (3,656 | )
Debt issue costs | — |  | — |  | (40 | ) | — |  | (40 | )
Net cash (used in) provided by financing activities | (8,275 | ) | 23,816 |  | (17,163 | ) | 8,275 |  | 6,653 |
Net decrease in cash and cash equivalents | — |  | (109,596 | ) | (1,961 | ) | — |  | (111,557 | )
Cash and cash equivalents balance at beginning of period | — |  | 113,407 |  | 15,318 |  | — |  | 128,725 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 3,811 |  | $ | 13,357 |  | $ | — |  | $ | 17,168 |
| Nine Months Ended September 30, 2013
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 7,100 |  | $ | (60,703 | ) | $ | 20,267 |  | $ | (7,100 | ) | $ | (40,436 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | (7,274 | ) | — |  | — |  | (7,274 | )
Purchase of property and equipment | — |  | (1,528 | ) | (126 | ) | — |  | (1,654 | )
Investments in and advances to unconsolidated joint ventures | — |  | (14,657 | ) | (10,839 | ) | — |  | (25,496 | )
Return of capital from unconsolidated joint ventures | — |  | — |  | 1,522 |  | — |  | 1,522 |
Net cash used in investing activities | — |  | (23,459 | ) | (9,443 | ) | — |  | (32,902 | )
FINANCING ACTIVITIES: |  |  |  |  |
Repayments from bank borrowings - net | — |  | — |  | (12,343 | ) | — |  | (12,343 | )
Principal repayments from note payable - other and community development district bond obligations | — |  | (2,979 | ) | — |  | — |  | (2,979 | )
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 | 2,640 |  | — |  | — |  | — |  | 2,640 |
Proceeds from issuance of common shares | 54,617 |  | — |  | — |  | — |  | 54,617 |
Intercompany financing | (98,200 | ) | 92,463 |  | 5,737 |  | — |  | — |
Dividends paid | (2,438 | ) | — |  | (7,100 | ) | 7,100 |  | (2,438 | )
Debt issue costs | — |  | (5,402 | ) | (61 | ) | — |  | (5,463 | )
Excess tax deficiency from stock-based payment arrangements | 383 |  | — |  | — |  | — |  | 383 |
Net cash (used in) provided by financing activities | (7,100 | ) | 84,082 |  | (13,767 | ) | 7,100 |  | 70,315 |
Net (decrease) increase in cash and cash equivalents | — |  | (80 | ) | (2,943 | ) | — |  | (3,023 | )
Cash and cash equivalents balance at beginning of period | — |  | 126,334 |  | 19,164 |  | — |  | 145,498 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 126,254 |  | $ | 16,221 |  | $ | — |  | $ | 142,475 |

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