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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2015
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended March 31, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 255,062 |  | $ | 8,097 |  | $ | — |  | $ | 263,159 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 206,183 |  | — |  | — |  | 206,183 |
General and administrative |  | — |  | 16,386 |  | 2,948 |  | — |  | 19,334 |
Selling |  | — |  | 17,686 |  | — |  | — |  | 17,686 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (198 | ) | — |  | (198 | )
Interest |  | — |  | 4,131 |  | 331 |  | — |  | 4,462 |
Total costs and expenses |  | — |  | 244,386 |  | 3,081 |  | — |  | 247,467 |
Income before income taxes |  | — |  | 10,676 |  | 5,016 |  | — |  | 15,692 |
Provision for income taxes |  | — |  | 4,392 |  | 1,732 |  | — |  | 6,124 |
Equity in subsidiaries |  | 9,568 |  | — |  | — |  | (9,568 | ) | — |
Net income |  | 9,568 |  | 6,284 |  | 3,284 |  | (9,568 | ) | 9,568 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 8,349 |  | $ | 6,284 |  | $ | 3,284 |  | $ | (9,568 | ) | $ | 8,349 |
|  | 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 |  | 12,632 |  | 9,679 |  | 2,953 |  | (12,632 | ) | 12,632 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 11,413 |  | $ | 9,679 |  | $ | 2,953 |  | $ | (12,632 | ) | $ | 11,413 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | March 31, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 16,567 |  | $ | 13,391 |  | $ | — |  | $ | 29,958 |
Restricted cash |  | — |  | 6,140 |  | — |  | — |  | 6,140 |
Mortgage loans held for sale |  | — |  | — |  | 79,180 |  | — |  | 79,180 |
Inventory |  | — |  | 959,070 |  | — |  | — |  | 959,070 |
Property and equipment - net |  | — |  | 10,796 |  | 285 |  | — |  | 11,081 |
Investment in unconsolidated joint ventures |  | — |  | 15,868 |  | 13,581 |  | — |  | 29,449 |
Deferred income taxes, net of valuation allowances |  | — |  | 88,492 |  | 256 |  | — |  | 88,748 |
Investment in subsidiaries |  | 586,036 |  | — |  | — |  | (586,036 | ) | — |
Intercompany assets |  | 331,314 |  | — |  | — |  | (331,314 | ) | — |
Other assets |  | 8,582 |  | 27,246 |  | 11,310 |  | — |  | 47,138 |
TOTAL ASSETS |  | $ | 925,932 |  | $ | 1,124,179 |  | $ | 118,003 |  | $ | (917,350 | ) | $ | 1,250,764 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 69,214 |  | $ | 238 |  | $ | — |  | $ | 69,452 |
Customer deposits |  | — |  | 15,352 |  | — |  | — |  | 15,352 |
Intercompany liabilities |  | — |  | 314,898 |  | 16,416 |  | (331,314 | ) | — |
Other liabilities |  | — |  | 61,001 |  | 5,815 |  | — |  | 66,816 |
Community development district obligations |  | — |  | 2,314 |  | — |  | — |  | 2,314 |
Obligation for consolidated inventory not owned |  | — |  | 299 |  | — |  | — |  | 299 |
Notes payable bank - homebuilding operations |  | — |  | 90,000 |  | — |  | — |  | 90,000 |
Notes payable bank - financial services operations |  | — |  | — |  | 71,723 |  | — |  | 71,723 |
Notes payable - other |  | — |  | 8,876 |  | — |  | — |  | 8,876 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,569 |  | — |  | — |  | — |  | 228,569 |
TOTAL LIABILITIES |  | 372,319 |  | 561,954 |  | 94,192 |  | (331,314 | ) | 697,151 |
SHAREHOLDERS’ EQUITY |  | 553,613 |  | 562,225 |  | 23,811 |  | (586,036 | ) | 553,613 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 925,932 |  | $ | 1,124,179 |  | $ | 118,003 |  | $ | (917,350 | ) | $ | 1,250,764 |
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 |
Deferred income taxes, net of valuation allowances |  | — |  | 94,088 |  | 324 |  | — |  | 94,412 |
Investment in subsidiaries |  | 576,468 |  | — |  | — |  | (576,468 | ) | — |
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 |
Schedule Of Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash (used in) provided by operating activities | $ | — |  | $ | (44,749 | ) | $ | 15,473 |  | $ | — |  | $ | (29,276 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 603 |  | — |  | — |  | 603 |
Purchase of property and equipment | — |  | (97 | ) | (14 | ) | — |  | (111 | )
Intercompany investing | 1,158 |  | — |  | — |  | (1,158 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (741 | ) | (596 | ) | — |  | (1,337 | )
Net cash provided by (used in) investing activities | 1,158 |  | (235 | ) | (610 | ) | (1,158 | ) | (845 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 130,400 |  | — |  | — |  | 130,400 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (70,400 | ) | — |  | — |  | (70,400 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (13,656 | ) | — |  | (13,656 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | (642 | ) | — |  | — |  | (642 | )
Proceeds from exercise of stock options | 61 |  | — |  | — |  | — |  | 61 |
Intercompany financing | — |  | (1,679 | ) | 521 |  | 1,158 |  | — |
Dividends paid | (1,219 | ) | — |  | — |  | — |  | (1,219 | )
Net cash (used in) provided by financing activities | (1,158 | ) | 57,679 |  | (13,135 | ) | 1,158 |  | 44,544 |
Net increase in cash and cash equivalents | — |  | 12,695 |  | 1,728 |  | — |  | 14,423 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 16,567 |  | $ | 13,391 |  | $ | — |  | $ | 29,958 |
| 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: |  |  |  |  |
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (28,497 | ) | — |  | (28,497 | )
Principal proceeds from notes payable - other and CDD 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 |

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