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Supplemental Guarantor Information Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Supplemental Guarantor Information [Abstract] |
Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME
|  | Three Months Ended September 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 354,181 |  | $ | 9,276 |  | $ | — |  | $ | 363,457 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 285,416 |  | — |  | — |  | 285,416 |
General and administrative |  | — |  | 19,080 |  | 4,571 |  | — |  | 23,651 |
Selling |  | — |  | 24,270 |  | — |  | — |  | 24,270 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (36 | ) | — |  | (36 | )
Interest |  | — |  | 3,246 |  | 412 |  | — |  | 3,658 |
Total costs and expenses |  | — |  | 332,012 |  | 4,947 |  | — |  | 336,959 |
Income before income taxes |  | — |  | 22,169 |  | 4,329 |  | — |  | 26,498 |
Provision for income taxes |  | — |  | 9,531 |  | 1,397 |  | — |  | 10,928 |
Equity in subsidiaries |  | 15,570 |  | — |  | — |  | (15,570 | ) | — |
Net income |  | 15,570 |  | 12,638 |  | 2,932 |  | (15,570 | ) | 15,570 |
Preferred dividends |  | 1,218 |  | — |  | — |  | — |  | 1,218 |
Net income to common shareholders |  | $ | 14,352 |  | $ | 12,638 |  | $ | 2,932 |  | $ | (15,570 | ) | $ | 14,352 |
|  | 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 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Nine Months Ended September 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
Revenue |  | $ | — |  | $ | 923,164 |  | $ | 26,308 |  | $ | — |  | $ | 949,472 |
Costs and expenses: |  |  |  |  |  |
Land and housing |  | — |  | 744,194 |  | — |  | — |  | 744,194 |
General and administrative |  | — |  | 53,334 |  | 11,356 |  | — |  | 64,690 |
Selling |  | — |  | 64,891 |  | — |  | — |  | 64,891 |
Equity in income of unconsolidated joint ventures |  | — |  | — |  | (248 | ) | — |  | (248 | )
Interest |  | — |  | 10,732 |  | 1,138 |  | — |  | 11,870 |
Total costs and expenses |  | — |  | 873,151 |  | 12,246 |  | — |  | 885,397 |
Income before income taxes |  | — |  | 50,013 |  | 14,062 |  | — |  | 64,075 |
Provision for income taxes |  | — |  | 20,690 |  | 4,897 |  | — |  | 25,587 |
Equity in subsidiaries |  | 38,488 |  | — |  | — |  | (38,488 | ) | — |
Net income |  | 38,488 |  | 29,323 |  | 9,165 |  | (38,488 | ) | 38,488 |
Preferred dividends |  | 3,656 |  | — |  | — |  | — |  | 3,656 |
Net income to common shareholders |  | $ | 34,832 |  | $ | 29,323 |  | $ | 9,165 |  | $ | (38,488 | ) | $ | 34,832 |
|  | 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 |
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEET
|  | September 30, 2015
(In thousands) |  | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 7,870 |  | $ | 17,185 |  | $ | — |  | $ | 25,055 |
Restricted cash |  | — |  | 3,071 |  | — |  | — |  | 3,071 |
Mortgage loans held for sale |  | — |  |  |  | 77,550 |  | — |  | 77,550 |
Inventory |  | — |  | 1,133,414 |  | — |  | — |  | 1,133,414 |
Property and equipment - net |  | — |  | 11,567 |  | 274 |  | — |  | 11,841 |
Investment in unconsolidated joint ventures |  | — |  | 12,066 |  | 21,216 |  | — |  | 33,282 |
Deferred income taxes, net of valuation allowances |  | — |  | 70,880 |  | 63 |  | — |  | 70,943 |
Investment in subsidiaries |  | 612,528 |  | — |  | — |  | (612,528 | ) | — |
Intercompany assets |  | 335,724 |  | — |  | — |  | (335,724 | ) | — |
Other assets |  | 7,605 |  | 29,156 |  | 14,085 |  | — |  | 50,846 |
TOTAL ASSETS |  | $ | 955,857 |  | $ | 1,268,024 |  | $ | 130,373 |  | $ | (948,252 | ) | $ | 1,406,002 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
LIABILITIES: |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 95,107 |  | $ | 843 |  | $ | — |  | $ | 95,950 |
Customer deposits |  | — |  | 18,976 |  | — |  | — |  | 18,976 |
Intercompany liabilities |  | — |  | 313,762 |  | 21,962 |  | (335,724 | ) | — |
Other liabilities |  | — |  | 76,876 |  | 7,064 |  | — |  | 83,940 |
Community development district obligations |  | — |  | 1,159 |  | — |  | — |  | 1,159 |
Obligation for consolidated inventory not owned |  | — |  | 11,418 |  | — |  | — |  | 11,418 |
Notes payable bank - homebuilding operations |  | — |  | 156,100 |  | — |  | — |  | 156,100 |
Notes payable bank - financial services operations |  | — |  | — |  | 73,239 |  | — |  | 73,239 |
Notes payable - other |  | — |  | 9,363 |  | — |  | — |  | 9,363 |
Convertible senior subordinated notes due 2017 |  | 57,500 |  | — |  | — |  | — |  | 57,500 |
Convertible senior subordinated notes due 2018 |  | 86,250 |  | — |  | — |  | — |  | 86,250 |
Senior notes |  | 228,769 |  | — |  | — |  | — |  | 228,769 |
TOTAL LIABILITIES |  | 372,519 |  | 682,761 |  | 103,108 |  | (335,724 | ) | 822,664 |
SHAREHOLDERS’ EQUITY |  | 583,338 |  | 585,263 |  | 27,265 |  | (612,528 | ) | 583,338 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 955,857 |  | $ | 1,268,024 |  | $ | 130,373 |  | $ | (948,252 | ) | $ | 1,406,002 |
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
| Nine Months Ended September 30, 2015
(In thousands) | M/I Homes, Inc. | Guarantor Subsidiaries | Unrestricted Subsidiaries | Eliminations | Consolidated
OPERATING ACTIVITIES: |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 2,428 |  | $ | (114,357 | ) | $ | 19,161 |  | $ | (2,428 | ) | $ | (95,196 | )
INVESTING ACTIVITIES: |  |  |  |  |
Restricted cash | — |  | 3,615 |  | — |  | — |  | 3,615 |
Purchase of property and equipment | — |  | (1,939 | ) | (64 | ) | — |  | (2,003 | )
Intercompany investing | 193 |  | — |  | — |  | (193 | ) | — |
Investments in and advances to unconsolidated joint ventures | — |  | (2,728 | ) | (7,997 | ) | — |  | (10,725 | )
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 3,065 |  | — |  | 3,065 |
Net cash provided by (used in) investing activities | 193 |  | (1,052 | ) | (4,996 | ) | (193 | ) | (6,048 | )
FINANCING ACTIVITIES: |  |  |  |  |
Proceeds from bank borrowings - homebuilding operations | — |  | 329,400 |  | — |  | — |  | 329,400 |
Principal repayments of bank borrowings - homebuilding operations | — |  | (203,300 | ) | — |  | — |  | (203,300 | )
Net proceeds from bank borrowings - financial services operations | — |  | — |  | (12,140 | ) | — |  | (12,140 | )
Principal proceeds from notes payable - other and CDD bond obligations | — |  | (155 | ) | — |  | — |  | (155 | )
Proceeds from exercise of stock options | 1,035 |  | — |  | — |  | — |  | 1,035 |
Intercompany financing | — |  | (6,158 | ) | 5,965 |  | 193 |  | — |
Dividends paid | (3,656 | ) | — |  | (2,428 | ) | 2,428 |  | (3,656 | )
Debt issue costs | — |  | (380 | ) | (40 | ) | — |  | (420 | )
Net cash (used in) provided by financing activities | (2,621 | ) | 119,407 |  | (8,643 | ) | 2,621 |  | 110,764 |
Net increase in cash and cash equivalents | — |  | 3,998 |  | 5,522 |  | — |  | 9,520 |
Cash and cash equivalents balance at beginning of period | — |  | 3,872 |  | 11,663 |  | — |  | 15,535 |
Cash and cash equivalents balance at end of period | $ | — |  | $ | 7,870 |  | $ | 17,185 |  | $ | — |  | $ | 25,055 |
| 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 | )
Net proceeds from the sale of mortgage servicing rights | — |  | — |  | 2,135 |  | — |  | 2,135 |
Return of capital from unconsolidated joint ventures | — |  | — |  | 619 |  | — |  | 619 |
Net cash used in investing activities | — |  | (9,390 | ) | (2,109 | ) | — |  | (11,499 | )
FINANCING ACTIVITIES: |  |  |  |  |
Net repayments from bank borrowings - financial services operations | — |  | 14,400 |  | (6,251 | ) | — |  | 8,149 |
Principal repayments from notes payable - other and CDD 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 |

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