$MHO
M/I HOMES, INC.

2012 Q2 Form 10-Q Financial Statement

#000079929212000027 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $171.0M $137.4M
YoY Change 24.41% -30.02%
Cost Of Revenue $137.1M $114.0M
YoY Change 20.26% -30.95%
Gross Profit $33.41M $17.96M
YoY Change 86.07% -42.63%
Gross Profit Margin 19.54% 13.06%
Selling, General & Admin $26.65M $23.52M
YoY Change 13.31% -15.13%
% of Gross Profit 79.77% 130.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.400M $1.200M
YoY Change 16.67% -7.69%
% of Gross Profit 4.19% 6.68%
Operating Expenses $26.65M $23.52M
YoY Change 13.31% -15.13%
Operating Profit $6.760M -$5.564M
YoY Change -221.5% -255.16%
Interest Expense $3.461M $3.465M
YoY Change -0.12% 66.67%
% of Operating Profit 51.2%
Other Income/Expense, Net
YoY Change
Pretax Income $3.299M -$9.029M
YoY Change -136.54% 92.11%
Income Tax $95.00K $115.0K
% Of Pretax Income 2.88%
Net Earnings $3.204M -$9.144M
YoY Change -135.04% 90.22%
Net Earnings / Revenue 1.87% -6.65%
Basic Earnings Per Share $0.17 -$0.49
Diluted Earnings Per Share $0.17 -$0.49
COMMON SHARES
Basic Shares Outstanding 18.83M shares 18.71M shares
Diluted Shares Outstanding 19.03M shares 18.71M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.30M $44.90M
YoY Change -1.34% -44.98%
Cash & Equivalents $44.30M $44.90M
Short-Term Investments
Other Short-Term Assets $49.80M $35.70M
YoY Change 39.5% -31.21%
Inventory $522.0M $462.8M
Prepaid Expenses
Receivables $49.80M $35.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $616.1M $543.4M
YoY Change 13.38% -4.11%
LONG-TERM ASSETS
Property, Plant & Equipment $12.90M $15.46M
YoY Change -16.55% -13.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.90M $10.00M
YoY Change 9.04% -5.66%
Other Assets $12.60M $68.90M
YoY Change -81.71% 46.28%
Total Long-Term Assets $54.66M $109.9M
YoY Change -50.26% 11.56%
TOTAL ASSETS
Total Short-Term Assets $616.1M $543.4M
Total Long-Term Assets $54.66M $109.9M
Total Assets $670.8M $653.3M
YoY Change 2.68% -1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.30M $43.20M
YoY Change 18.75% -10.74%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.80M $48.20M
YoY Change 28.22% -8.88%
LONG-TERM LIABILITIES
Long-Term Debt $284.6M $276.7M
YoY Change 2.86% 15.53%
Other Long-Term Liabilities $49.20M $48.30M
YoY Change 1.86% -16.15%
Total Long-Term Liabilities $333.8M $325.0M
YoY Change 2.71% 9.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.80M $48.20M
Total Long-Term Liabilities $333.8M $325.0M
Total Liabilities $395.6M $373.3M
YoY Change 5.99% 6.67%
SHAREHOLDERS EQUITY
Retained Earnings $103.7M $111.4M
YoY Change -6.89%
Common Stock $139.5M $139.6M
YoY Change -0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $64.39M $67.32M
YoY Change -4.35%
Treasury Stock Shares 3.242M shares
Shareholders Equity $275.1M $280.0M
YoY Change
Total Liabilities & Shareholders Equity $670.8M $653.3M
YoY Change 2.68% -1.79%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $3.204M -$9.144M
YoY Change -135.04% 90.22%
Depreciation, Depletion And Amortization $1.400M $1.200M
YoY Change 16.67% -7.69%
Cash From Operating Activities -$15.80M -$11.10M
YoY Change 42.34% -17.16%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$400.0K
YoY Change -25.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$3.900M -$29.60M
YoY Change -86.82% 125.95%
Cash From Investing Activities -$4.100M -$30.00M
YoY Change -86.33% 127.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.700M 5.800M
YoY Change -146.55% 1.75%
NET CHANGE
Cash From Operating Activities -15.80M -11.10M
Cash From Investing Activities -4.100M -30.00M
Cash From Financing Activities -2.700M 5.800M
Net Change In Cash -22.60M -35.30M
YoY Change -35.98% 68.9%
FREE CASH FLOW
Cash From Operating Activities -$15.80M -$11.10M
Capital Expenditures -$300.0K -$400.0K
Free Cash Flow -$15.50M -$10.70M
YoY Change 44.86% -18.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Basis Of Accounting
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying Unaudited Condensed Consolidated Financial Statements (the &#8220;financial statements&#8221;) of M/I Homes, Inc. and its subsidiaries (the &#8220;Company&#8221;) and notes thereto have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") for interim financial information. The financial statements include the accounts of M/I Homes, Inc. and its subsidiaries. All intercompany transactions have been eliminated. Results for the interim period are not necessarily indicative of results for a full year. In the opinion of management, the accompanying financial statements reflect all adjustments (all of which are normal and recurring in nature) necessary for a fair presentation of financial results for the interim periods presented. These financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;"> Form 10-K&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during that period. Actual results could differ from these estimates and have a significant impact on the financial condition and results of operations and cash flows. With regard to the Company, estimates and assumptions are inherent in calculations relating to valuation of inventory and investment in unconsolidated limited liability companies (&#8220;Unconsolidated LLCs&#8221;), property and equipment depreciation, valuation of derivative financial instruments, accounts payable on inventory, accruals for costs to complete inventory, accruals for warranty claims, accruals for self-insured general liability claims, litigation, accruals for health care and workers' compensation, accruals for guaranteed or indemnified loans, stock-based compensation expense, income taxes, and contingencies. Items that could have a significant impact on these estimates and assumptions include the risks and uncertainties listed in &#8220;Item 1A. Risk Factors&#8221; in Part I of our </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;"> Form 10-K, as the same may be updated from time to time in our subsequent filings with the SEC. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2011 have been reclassified to conform to the six months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;"> presentation. The Company believes these reclassifications are immaterial to the Unaudited Condensed Consolidated Financial Statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Impact of New Accounting Standards</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May&#160;2011, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update (&#8220;ASU&#8221;) No.&#160;2011-04: Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS ("ASU 2011-04")</font><font style="font-family:inherit;font-size:10pt;">. ASU&#160;2011-04 provides clarity to the fair value definition in order to achieve greater consistency in fair value measurements and disclosures between United States Generally Accepted Accounting Principles (&#8220;U.S. GAAP&#8221;) and International Financial Reporting Standards (&#8220;IFRS&#8221;). Additional disclosures are required regarding transfers of assets between Level 1 and 2 of the fair value hierarchy and regarding sensitivity of fair values for Level 3 assets. The Company adopted this standard on January 1, 2012 and the adoption did not have a material impact on the Company's financial condition, results of operations or liquidity.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></div>
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-5564000 USD
CY2011 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
21993000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
567000 USD
CY2012Q2 us-gaap Other Assets
OtherAssets
18329000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
14596000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
39348000 USD
CY2012Q2 us-gaap Other Liabilities
OtherLiabilities
37854000 USD
CY2011Q4 us-gaap Other Notes Payable
OtherNotesPayable
5801000 USD
CY2012Q2 us-gaap Other Notes Payable
OtherNotesPayable
10766000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-181000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
164123000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
216055000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
220000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2900000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
563000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
454000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
709000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
252000 USD
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4000 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
96325000 USD
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
96325000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
29700000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
29700000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-6263000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-64000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
223655000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
173861000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1433000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
740000 USD
CY2011Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7835000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9025000 USD
CY2010Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8335000 USD
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8733000 USD
CY2012Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8548000 USD
CY2011Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7925000 USD
CY2011Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-1220000 USD
CY2012Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-1295000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-2757000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-2369000 USD
CY2012Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
147000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-100000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
90000 USD
CY2011Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
30000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2375000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1969000 USD
CY2011Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1100000 USD
CY2012Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1333000 USD
us-gaap Profit Loss
ProfitLoss
18000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14358000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12902000 USD
CY2011Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
19758000 USD
CY2011Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
19899000 USD
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
17967000 USD
CY2012Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
18170000 USD
CY2010Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
20075000 USD
CY2011Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
18869000 USD
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-2891000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-5456000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-5157000 USD
CY2011Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-2819000 USD
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
2688000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
4840000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
4554000 USD
CY2011Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
2678000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
41443000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
-41443000 USD
CY2012Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12593000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41334000 USD
CY2012Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
12593000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
41334000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
103719000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
103701000 USD
CY2012Q2 us-gaap Revenues
Revenues
170994000 USD
us-gaap Revenues
Revenues
248014000 USD
CY2011Q2 us-gaap Revenues
Revenues
137444000 USD
us-gaap Revenues
Revenues
302119000 USD
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
170994000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
248014000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
302119000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
137444000 USD
CY2012Q2 us-gaap Secured Debt Other
SecuredDebtOther
46343000 USD
CY2011Q4 us-gaap Secured Debt Other
SecuredDebtOther
52606000 USD
us-gaap Selling Expense
SellingExpense
23836000 USD
CY2011Q2 us-gaap Selling Expense
SellingExpense
10754000 USD
CY2012Q2 us-gaap Selling Expense
SellingExpense
12825000 USD
us-gaap Selling Expense
SellingExpense
19408000 USD
CY2012Q2 us-gaap Senior Notes
SeniorNotes
227470000 USD
CY2011Q4 us-gaap Senior Notes
SeniorNotes
239016000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
964000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1042000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
740000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
275146000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
273350000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
273350000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
275146000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3365366 shares
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3242024 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
66840000 USD
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
64390000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
143000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-10312000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18663000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18998000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19031000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18711000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18803000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18833000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18711000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18663000 shares
mho Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
1271000 USD
mho Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
1178000 USD
CY2011Q4 mho Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
540000 USD
CY2012Q2 mho Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
326000 USD
CY2012Q2 mho Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
3944000 USD
CY2011Q4 mho Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
14058000 USD
mho Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
4654000 USD
mho Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
4707000 USD
CY2012Q2 mho Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
800000 USD
CY2011Q4 mho Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
800000 USD
CY2011Q4 mho Community Development District
CommunityDevelopmentDistrict
5983000 USD
CY2012Q2 mho Community Development District
CommunityDevelopmentDistrict
5326000 USD
mho Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
-473000 USD
mho Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
-657000 USD
CY2012Q2 mho Community Development District Obligations
CommunityDevelopmentDistrictObligations
5326000 USD
CY2011Q4 mho Community Development District Obligations
CommunityDevelopmentDistrictObligations
5983000 USD
CY2012Q2 mho Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
6040000 USD
CY2011Q4 mho Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
6596000 USD
mho Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
3096000 USD
mho Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
547000 USD
CY2012Q2 mho Defective Drywall Accrual
DefectiveDrywallAccrual
13000000 USD
mho Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
74000 USD
CY2012Q2 mho Discount Rate Used In Determining Fair Value Of Investments In Unconsolidated Llcs
DiscountRateUsedInDeterminingFairValueOfInvestmentsInUnconsolidatedLlcs
0.16
mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2012Q2 mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2011Q2 mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
mho Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
0 USD
mho Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
2151000 USD
mho Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
104000 USD
CY2012Q2 mho Financial Bonds
FinancialBonds
9776000 USD
CY2012Q2 mho Financial Letters Of Credit
FinancialLettersOfCredit
9817000 USD
CY2011Q4 mho Financial Services Cash
FinancialServicesCash
16254000 USD
CY2012Q2 mho Financial Services Cash
FinancialServicesCash
16383000 USD
CY2012Q2 mho Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
44000000 USD
CY2011Q4 mho Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
42000000 USD
CY2011Q4 mho Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
26000000 USD
CY2012Q2 mho Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
36000000 USD
CY2012Q2 mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
-182000 USD
CY2011Q2 mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
187000 USD
mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
10000 USD
mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
2119000 USD
CY2011 mho Historical Monthly Sales Absorption Pace
HistoricalMonthlySalesAbsorptionPace
1.7
mho Historical Monthly Sales Absorption Pace
HistoricalMonthlySalesAbsorptionPace
2.24
CY2011Q4 mho Homebuilding Cash
HomebuildingCash
43539000 USD
CY2012Q2 mho Homebuilding Cash
HomebuildingCash
27914000 USD
mho Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
15000 USD
mho Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
3731000 USD
CY2012Q2 mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
124000 shares
mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
134000 shares
mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
0 shares
CY2011Q2 mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
0 shares
CY2012Q2 mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
74000 shares
mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
61000 shares
mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
0 shares
CY2011Q2 mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
0 shares
CY2011Q4 mho Intercompany
Intercompany
0 USD
CY2012Q2 mho Intercompany
Intercompany
0 USD
mho Intercompany Financing
IntercompanyFinancing
0 USD
mho Intercompany Financing
IntercompanyFinancing
0 USD
CY2011Q4 mho Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
27662000 USD
CY2012Q2 mho Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
36111000 USD
CY2012Q2 mho Inventory Pledged As Collateral Under Line Of Credit Facility
InventoryPledgedAsCollateralUnderLineOfCreditFacility
202565000 USD
CY2012Q2 mho Inventory Segments
InventorySegments
517883000 USD
CY2011Q4 mho Inventory Segments
InventorySegments
464097000 USD
mho Land And Housing Costs
LandAndHousingCosts
206617000 USD
CY2011Q2 mho Land And Housing Costs
LandAndHousingCosts
114043000 USD
mho Land And Housing Costs
LandAndHousingCosts
244441000 USD
CY2012Q2 mho Land And Housing Costs
LandAndHousingCosts
137111000 USD
CY2011Q4 mho Land Purchase Deposits
LandPurchaseDeposits
2676000 USD
CY2012Q2 mho Land Purchase Deposits
LandPurchaseDeposits
4073000 USD
CY2012Q2 mho Letters Of Credit And Bonds
LettersOfCreditAndBonds
61031000 USD
CY2012Q2 mho Letters Of Credit Outstanding Under Credit Facility
LettersOfCreditOutstandingUnderCreditFacility
16673000 USD
CY2012Q2 mho Letters Of Credit Outstanding Under Letter Of Credit Facilities
LettersOfCreditOutstandingUnderLetterOfCreditFacilities
12207000 USD
CY2012Q2 mho Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
2600000 USD
CY2011Q4 mho Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
2750000 USD
CY2011Q4 mho Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
4340000 USD
CY2012Q2 mho Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
4354000 USD
CY2011Q4 mho Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
42227000 USD
CY2012Q2 mho Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
44258000 USD
mho Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
512000 USD
mho Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
0 USD
CY2012Q2 mho Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
2989000 USD
CY2011Q4 mho Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
1088000 USD
CY2012Q2 mho Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
35322000 USD
CY2011Q4 mho Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
25912000 USD
mho Number Of Drywall Homes In Process Of Being Repaired
NumberOfDrywallHomesInProcessOfBeingRepaired
2 homes
mho Number Of Drywall Homes That Have Been Repaired
NumberOfDrywallHomesThatHaveBeenRepaired
88 homes
mho Number Of Homes With Defective Drywall
NumberOfHomesWithDefectiveDrywall
93 homes
CY2012Q2 mho Number Of Speculative Homes
NumberOfSpeculativeHomes
578 homes
CY2011Q4 mho Number Of Speculative Homes
NumberOfSpeculativeHomes
573
CY2012Q2 mho Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
6040000 USD
CY2011Q4 mho Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
2944000 USD
CY2012Q2 mho Other Combined Assets
OtherCombinedAssets
137900000 USD
CY2011Q4 mho Other Combined Assets
OtherCombinedAssets
187356000 USD
CY2012Q2 mho Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts
2889000 USD
CY2012Q2 mho Outstanding Performance Bonds
OutstandingPerformanceBonds
19163000 USD
CY2012Q2 mho Performance Letters Of Credit Outstanding
PerformanceLettersOfCreditOutstanding
22275000 USD
CY2012Q2 mho Remaining Drywall Accrual Balance
RemainingDrywallAccrualBalance
754000 USD
CY2012Q2 mho Restricted Cash For Secured Letter Of Credit Agreements
RestrictedCashForSecuredLetterOfCreditAgreements
12550000 USD
CY2012Q2 mho Restricted Payments Basket
RestrictedPaymentsBasket
-11628000 USD
mho Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
21000 USD
mho Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
0 USD
CY2011Q4 mho Security Pledged As Collateral That Has Been Released
SecurityPledgedAsCollateralThatHasBeenReleased
25000000 USD
CY2011Q4 mho Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
85499000 USD
CY2012Q2 mho Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
67617000 USD
CY2011Q4 mho Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
101127000 USD
CY2012Q2 mho Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
56890000 USD
CY2012Q2 mho Total Loans Indemnified
TotalLoansIndemnified
1214000 USD
CY2011Q4 mho Total Loans Indemnified
TotalLoansIndemnified
1413000 USD
CY2011Q4 mho Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
4600000 USD
CY2012Q2 mho Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
3300000 USD
CY2011Q4 mho Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
53000000 USD
CY2012Q2 mho Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
13427000 USD
CY2012Q2 mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
697000 USD
mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
16616000 USD
mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
823000 USD
CY2011Q2 mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
5487000 USD
CY2011Q4 mho Total Unrestricted Cash And Cash Equivalents
TotalUnrestrictedCashAndCashEquivalents
59793000 USD
CY2012Q2 mho Total Unrestricted Cash And Cash Equivalents
TotalUnrestrictedCashAndCashEquivalents
44297000 USD
CY2012Q2 mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
697000 USD
mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
16616000 USD
CY2011Q2 mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
5487000 USD
mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
823000 USD
CY2012Q2 mho Unrecorded Conditional Purchase Obligation
UnrecordedConditionalPurchaseObligation
165250000 USD
CY2011 mho Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
20964000 USD
mho Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
567000 USD
CY2011 mho Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
1029000 USD
mho Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
0 USD
mho Valuation Allowance Recorded Against Net Deferred Tax Assets Generated From Loss For Period
ValuationAllowanceRecordedAgainstNetDeferredTaxAssetsGeneratedFromLossForPeriod
-143000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000799292
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18228100 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
M I HOMES INC

Files In Submission

Name View Source Status
0000799292-12-000027-index-headers.html Edgar Link pending
0000799292-12-000027-index.html Edgar Link pending
0000799292-12-000027.txt Edgar Link pending
0000799292-12-000027-xbrl.zip Edgar Link pending
a10q2ndquarter6302012.pdf Edgar Link pending
exhibit311ceocertification.htm Edgar Link pending
exhibit312cfocertification.htm Edgar Link pending
exhibit321ceocertification.htm Edgar Link pending
exhibit322cfocertification.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mho-20120630.xml Edgar Link completed
mho-20120630.xsd Edgar Link pending
mho-20120630x10q.htm Edgar Link pending
mho-20120630_cal.xml Edgar Link unprocessable
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