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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2015
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended June 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 313,921 |  | $ | 8,935 |  | $ | — |  | $ | 322,856 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 252,595 |  | — |  | — |  | 252,595 |
General and administrative |  | — |  | 17,868 |  | 3,837 |  | — |  | 21,705 |
Selling |  | — |  | 22,935 |  | — |  | — |  | 22,935 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (14 | ) | — |  | (14 | )
Interest |  | — |  | 3,355 |  | 395 |  | — |  | 3,750 |
Total costs and expenses |  | — |  | 296,753 |  | 4,218 |  | — |  | 300,971 |
Income before income taxes |  | — |  | 17,168 |  | 4,717 |  | — |  | 21,885 |
Provision for income taxes |  | — |  | 6,767 |  | 1,768 |  | — |  | 8,535 |
Equity in subsidiaries |  | 13,350 |  | — |  | — |  | (13,350 | ) | — |
Net income |  | 13,350 |  | 10,401 |  | 2,949 |  | (13,350 | ) | 13,350 |
Preferred dividends |  | 1,219 |  | — |  | — |  | — |  | 1,219 |
Net income to common shareholders |  | $ | 12,131 |  | $ | 10,401 |  | $ | 2,949 |  | $ | (13,350 | ) | $ | 12,131 |
|  | 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 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Six Months Ended June 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 568,983 |  | $ | 17,032 |  | $ | — |  | $ | 586,015 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 458,778 |  | — |  | — |  | 458,778 |
General and administrative |  | — |  | 34,254 |  | 6,785 |  | — |  | 41,039 |
Selling |  | — |  | 40,621 |  | — |  | — |  | 40,621 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (212 | ) | — |  | (212 | )
Interest |  | — |  | 7,486 |  | 726 |  | — |  | 8,212 |
Total costs and expenses |  | — |  | 541,139 |  | 7,299 |  | — |  | 548,438 |
Income before income taxes |  | — |  | 27,844 |  | 9,733 |  | — |  | 37,577 |
Provision for income taxes |  | — |  | 11,159 |  | 3,500 |  | — |  | 14,659 |
Equity in subsidiaries |  | 22,918 |  | — |  | — |  | (22,918 | ) | — |
Net income |  | 22,918 |  | 16,685 |  | 6,233 |  | (22,918 | ) | 22,918 |
Preferred dividends |  | 2,438 |  | — |  | — |  | — |  | 2,438 |
Net income to common shareholders |  | $ | 20,480 |  | $ | 16,685 |  | $ | 6,233 |  | $ | (22,918 | ) | $ | 20,480 |
|  | 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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | June 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 9,210 |  | $ | 12,563 |  | $ | — |  | $ | 21,773 |
Restricted cash |  | — |  | 5,174 |  | — |  | — |  | 5,174 |
Mortgage loans held for sale |  | — |  |  |  | 75,063 |  | — |  | 75,063 |
Inventory |  | — |  | 1,040,944 |  | — |  | — |  | 1,040,944 |
Property and equipment - net |  | — |  | 11,514 |  | 305 |  | — |  | 11,819 |
Investment in unconsolidated joint ventures |  | — |  | 13,594 |  | 14,763 |  | — |  | 28,357 |
Deferred income taxes, net of valuation allowances |  | — |  | 80,962 |  | 92 |  | — |  | 81,054 |
Investment in subsidiaries |  | 597,385 |  | — |  | — |  | (597,385 | ) | — |
Intercompany assets |  | 334,304 |  | — |  | — |  | (334,304 | ) | — |
Other assets |  | 7,903 |  | 29,249 |  | 13,653 |  | — |  | 50,805 |
TOTAL ASSETS |  | $ | 939,592 |  | $ | 1,190,647 |  | $ | 116,439 |  | $ | (931,689 | ) | $ | 1,314,989 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 90,379 |  | $ | 264 |  | $ | — |  | $ | 90,643 |
Customer deposits |  | — |  | 18,438 |  | — |  | — |  | 18,438 |
Intercompany liabilities |  | — |  | 317,567 |  | 16,737 |  | (334,304 | ) | — |
Other liabilities |  | — |  | 62,196 |  | 4,998 |  | — |  | 67,194 |
Community development district obligations |  | — |  | 1,496 |  | — |  | — |  | 1,496 |
Obligation for consolidated inventory not owned |  | — |  | 14,115 |  | — |  | — |  | 14,115 |
Notes payable bank - homebuilding operations |  | — |  | 105,600 |  | — |  | — |  | 105,600 |
Notes payable bank - financial services operations |  | — |  | — |  | 69,681 |  | — |  | 69,681 |
Notes payable - other |  | — |  | 8,230 |  | — |  | — |  | 8,230 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,669 |  | — |  | — |  | — |  | 228,669 |
TOTAL LIABILITIES |  | 372,419 |  | 618,021 |  | 91,680 |  | (334,304 | ) | 747,816 |
SHAREHOLDERS’ EQUITY |  | 567,173 |  | 572,626 |  | 24,759 |  | (597,385 | ) | 567,173 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 939,592 |  | $ | 1,190,647 |  | $ | 116,439 |  | $ | (931,689 | ) | $ | 1,314,989 |
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
| Six Months Ended June 30, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 2,000 |  | $ | (65,777 | ) | $ | 19,567 |  | $ | (2,000 | ) | $ | (46,210 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 1,583 |  | — |  | — |  | 1,583 |
Purchase of property and equipment | — |  | (1,337 | ) | (64 | ) | — |  | (1,401 | )
Intercompany investing | 98 |  | — |  | — |  | (98 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (2,555 | ) | (1,655 | ) | — |  | (4,210 | )
Net cash provided by (used in) investing activities | 98 |  | (2,309 | ) | (1,719 | ) | (98 | ) | (4,028 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 220,700 |  | — |  | — |  | 220,700 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (145,100 | ) | — |  | — |  | (145,100 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (15,698 | ) | — |  | (15,698 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | (1,288 | ) | — |  | — |  | (1,288 | )
Proceeds from exercise of stock options | 340 |  | — |  | — |  | — |  | 340 |
Intercompany financing | — |  | (888 | ) | 790 |  | 98 |  | — |
Dividends paid | (2,438 | ) | — |  | (2,000 | ) | 2,000 |  | (2,438 | )
Debt issue costs | — |  | — |  | (40 | ) | — |  | (40 | )
Net cash (used in) provided by financing activities | (2,098 | ) | 73,424 |  | (16,948 | ) | 2,098 |  | 56,476 |
Net increase in cash and cash equivalents | — |  | 5,338 |  | 900 |  | — |  | 6,238 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 9,210 |  | $ | 12,563 |  | $ | — |  | $ | 21,773 |
| 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: |  |  |  |  |
Net repayments from bank borrowings - financial services operations | — |  | — |  | (18,115 | ) | — |  | (18,115 | )
Principal repayments from notes payable - other and CDD 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 |

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