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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Year Ended December 31, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 1,185,058 |  | $ | 30,122 |  | $ | — |  | $ | 1,215,180 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 958,991 |  | — |  | — |  | 958,991 |
Impairment of inventory and investment in unconsolidated joint ventures |  | — |  | 3,457 |  | — |  | — |  | 3,457 |
General and administrative |  | — |  | 73,747 |  | 15,083 |  | — |  | 88,830 |
Selling |  | — |  | 81,148 |  | — |  | — |  | 81,148 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (347 | ) | — |  | (347 | )
Interest |  | — |  | 11,926 |  | 1,439 |  | — |  | 13,365 |
Total costs and expenses |  | — |  | 1,129,269 |  | 16,175 |  | — |  | 1,145,444 |
Income before income taxes |  | — |  | 55,789 |  | 13,947 |  | — |  | 69,736 |
Provision for income taxes |  | — |  | 14,341 |  | 4,606 |  | — |  | 18,947 |
Equity in subsidiaries |  | 50,789 |  | — |  | — |  | (50,789 | ) | — |
Net income |  | 50,789 |  | 41,448 |  | 9,341 |  | (50,789 | ) | 50,789 |
Preferred dividends |  | 4,875 |  | — |  | — |  | — |  | 4,875 |
Net income to common shareholders |  | $ | 45,914 |  | $ | 41,448 |  | $ | 9,341 |  | $ | (50,789 | ) | $ | 45,914 |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | 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 |  | 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 to common shareholders |  | $ | 145,577 |  | $ | 142,056 |  | $ | 9,367 |  | $ | (151,423 | ) | $ | 145,577 |
|  | 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 |  | $ | 13,347 |  | $ | 6,411 |  | $ | 6,936 |  | $ | (13,347 | ) | $ | 13,347 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | December 31, 2014
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 3,872 |  | $ | 11,663 |  | $ | — |  | $ | 15,535 |
Restricted cash |  | — |  | 6,951 |  | — |  | — |  | 6,951 |
Mortgage loans held for sale |  | — |  | — |  | 92,794 |  | — |  | 92,794 |
Inventory |  | — |  | 918,589 |  | — |  | — |  | 918,589 |
Property and equipment - net |  | — |  | 11,189 |  | 301 |  | — |  | 11,490 |
Investment in unconsolidated joint ventures |  | — |  | 15,033 |  | 12,736 |  | — |  | 27,769 |
Investment in subsidiaries |  | 576,468 |  | — |  | — |  | (576,468 | ) | — |
Deferred income taxes, net of valuation allowances |  | — |  | 94,088 |  | 324 |  | — |  | 94,412 |
Intercompany assets |  | 330,786 |  | — |  | — |  | (330,786 | ) | — |
Other assets |  | 9,260 |  | 24,378 |  | 10,232 |  | — |  | 43,870 |
TOTAL ASSETS |  | $ | 916,514 |  | $ | 1,074,100 |  | $ | 128,050 |  | $ | (907,254 | ) | $ | 1,211,410 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 74,344 |  | $ | 994 |  | $ | — |  | $ | 75,338 |
Customer deposits |  | — |  | 11,759 |  | — |  | — |  | 11,759 |
Intercompany liabilities |  | — |  | 314,946 |  | 15,840 |  | (330,786 | ) | — |
Other liabilities |  | — |  | 74,413 |  | 5,310 |  | — |  | 79,723 |
Community development district obligations |  | — |  | 2,571 |  | — |  | — |  | 2,571 |
Obligation for consolidated inventory not owned |  | — |  | 608 |  | — |  | — |  | 608 |
Notes payable bank - homebuilding operations |  | — |  | 30,000 |  | — |  | — |  | 30,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 85,379 |  | — |  | 85,379 |
Notes payable - other |  | — |  | 9,518 |  | — |  | — |  | 9,518 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,469 |  | — |  | — |  | — |  | 228,469 |
TOTAL LIABILITIES |  | 372,219 |  | 518,159 |  | 107,523 |  | (330,786 | ) | 667,115 |
Shareholders’ equity |  | 544,295 |  | 555,941 |  | 20,527 |  | (576,468 | ) | 544,295 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 916,514 |  | $ | 1,074,100 |  | $ | 128,050 |  | $ | (907,254 | ) | $ | 1,211,410 |
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 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
|  | Year Ended December 31, 2014
(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 |  | $ | 10,200 |  | $ | (143,672 | ) | $ | 10,997 |  | $ | (10,200 | ) | $ | (132,675 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Restricted cash |  | — |  | 7,122 |  | — |  | — |  | 7,122 |
Purchase of property and equipment |  | — |  | (2,793 | ) | (153 | ) | — |  | (2,946 | )
Sale of mortgage servicing rights |  | — |  | — |  | 2,135 |  | — |  | 2,135 |
Intercompany investing |  | (7,269 | ) | — |  | — |  | 7,269 |  | — |
Investments in and advances to unconsolidated joint ventures |  | — |  | (14,435 | ) | (5,980 | ) | — |  | (20,415 | )
Return of capital from unconsolidated joint ventures |  | — |  | 275 |  | 1,248 |  | — |  | 1,523 |
Net cash (used in) provided by investing activities |  | (7,269 | ) | (9,831 | ) | (2,750 | ) | 7,269 |  | (12,581 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations |  | — |  | 192,600 |  | — |  | — |  | 192,600 |
Principal repayments of bank borrowings - homebuilding operations |  | — |  | (162,600 | ) | — |  | — |  | (162,600 | )
Net proceeds from bank borrowings - financial services operations |  | — |  | — |  | 5,350 |  | — |  | 5,350 |
Principal proceeds from notes payable - other and CDD bond obligations |  | — |  | 1,728 |  | — |  | — |  | 1,728 |
Dividends paid |  | (4,875 | ) | — |  | (10,200 | ) | 10,200 |  | (4,875 | )
Intercompany financing |  | — |  | 14,244 |  | (6,975 | ) | (7,269 | ) | — |
Debt issue costs |  | — |  | (2,004 | ) | (77 | ) | — |  | (2,081 | )
Proceeds from exercise of stock options |  | 1,944 |  | — |  | — |  | — |  | 1,944 |
Net cash (used in) provided by financing activities |  | (2,931 | ) | 43,968 |  | (11,902 | ) | 2,931 |  | 32,066 |
Net decrease in cash and cash equivalents |  | — |  | (109,535 | ) | (3,655 | ) | — |  | (113,190 | )
Cash and cash equivalents balance at beginning of period |  | — |  | 113,407 |  | 15,318 |  | — |  | 128,725 |
Cash and cash equivalents balance at end of period |  | $ | — |  | $ | 3,872 |  | $ | 11,663 |  | $ | — |  | $ | 15,535 |
CONDENSED CONSOLIDATING STATEMENT 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 issuance of convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Proceeds from issuance of common shares |  | 54,617 |  | — |  | — |  | — |  | 54,617 |
Redemption of preferred shares |  | (50,352 | ) | — |  | — |  | — |  | (50,352 | )
Net proceeds from bank borrowings - financial services operations |  | — |  | — |  | 12,072 |  | — |  | 12,072 |
Principal repayments of notes payable - other and CDD bond obligations |  | — |  | (3,315 | ) | — |  | — |  | (3,315 | )
Dividends paid |  | (3,656 | ) | — |  | (7,100 | ) | 7,100 |  | (3,656 | )
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 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|  | Year Ended December 31, 2012
(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 |  | $ | 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 provided by (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 issuance of senior notes |  | 29,700 |  | — |  | — |  | — |  | 29,700 |
Proceeds from issuance of convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Proceeds from issuance of common shares |  | 42,085 |  | — |  | — |  | — |  | 42,085 |
Net proceeds from bank borrowings - financial services operations |  | — |  | — |  | 15,351 |  | — |  | 15,351 |
Principal proceeds from note payable - other and CDD bond obligations |  | — |  | 5,304 |  | — |  | — |  | 5,304 |
Dividends paid |  | — |  | — |  | (3,500 | ) | 3,500 |  | — |
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 (used in) 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 |

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