$MHO
M/I HOMES, INC.

2012 Q3 Form 10-Q Financial Statement

#000079929212000034 Filed on October 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $208.9M $141.6M
YoY Change 47.49% 4.44%
Cost Of Revenue $164.5M $116.3M
YoY Change 41.44% 6.99%
Gross Profit $43.11M $23.66M
YoY Change 82.24% -12.38%
Gross Profit Margin 20.64% 16.7%
Selling, General & Admin $30.66M $25.11M
YoY Change 22.12% 0.91%
% of Gross Profit 71.12% 106.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.100M $1.300M
YoY Change 61.54% 0.0%
% of Gross Profit 4.87% 5.49%
Operating Expenses $30.66M $25.11M
YoY Change 22.12% 0.91%
Operating Profit $12.45M -$1.451M
YoY Change -958.1% -168.54%
Interest Expense $3.999M $3.384M
YoY Change 18.17% 73.36%
% of Operating Profit 32.12%
Other Income/Expense, Net
YoY Change
Pretax Income $8.452M -$4.835M
YoY Change -274.81% 184.41%
Income Tax $138.0K -$117.0K
% Of Pretax Income 1.63%
Net Earnings $8.314M -$4.718M
YoY Change -276.22% 127.92%
Net Earnings / Revenue 3.98% -3.33%
Basic Earnings Per Share $0.43 -$0.25
Diluted Earnings Per Share $0.42 -$0.25
COMMON SHARES
Basic Shares Outstanding 19.43M shares 18.73M shares
Diluted Shares Outstanding 20.27M shares 18.73M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.8M $46.80M
YoY Change 241.45% 6.61%
Cash & Equivalents $159.8M $59.79M
Short-Term Investments
Other Short-Term Assets $58.30M $36.70M
YoY Change 58.86% 13.27%
Inventory $543.9M $491.4M
Prepaid Expenses
Receivables $58.30M $36.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $762.0M $574.9M
YoY Change 32.54% 1.88%
LONG-TERM ASSETS
Property, Plant & Equipment $11.96M $14.74M
YoY Change -18.89% -15.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.26M $10.30M
YoY Change 9.28% -7.21%
Other Assets $9.000M $46.20M
YoY Change -80.52% -3.95%
Total Long-Term Assets $55.29M $86.83M
YoY Change -36.32% -6.54%
TOTAL ASSETS
Total Short-Term Assets $762.0M $574.9M
Total Long-Term Assets $55.29M $86.83M
Total Assets $817.3M $661.7M
YoY Change 23.51% 0.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.30M $45.80M
YoY Change 42.58% -15.03%
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 $76.30M $51.20M
YoY Change 49.02% -12.18%
LONG-TERM LIABILITIES
Long-Term Debt $350.7M $276.4M
YoY Change 26.88% 20.54%
Other Long-Term Liabilities $63.80M $58.20M
YoY Change 9.62% 4.49%
Total Long-Term Liabilities $414.5M $334.6M
YoY Change 23.88% 17.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.30M $51.20M
Total Long-Term Liabilities $414.5M $334.6M
Total Liabilities $490.8M $385.8M
YoY Change 27.21% 12.39%
SHAREHOLDERS EQUITY
Retained Earnings $112.0M $106.7M
YoY Change 5.02%
Common Stock $181.6M $139.7M
YoY Change 29.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $63.44M $66.84M
YoY Change -5.09%
Treasury Stock Shares 3.194M shares 3.365M shares
Shareholders Equity $326.5M $275.9M
YoY Change
Total Liabilities & Shareholders Equity $817.3M $661.7M
YoY Change 23.51% 0.69%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $8.314M -$4.718M
YoY Change -276.22% 127.92%
Depreciation, Depletion And Amortization $2.100M $1.300M
YoY Change 61.54% 0.0%
Cash From Operating Activities $7.200M -$16.10M
YoY Change -144.72% -35.6%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$200.0K
YoY Change 200.0% -71.43%
Acquisitions
YoY Change
Other Investing Activities $3.200M $18.50M
YoY Change -82.7% -1073.68%
Cash From Investing Activities $2.700M $18.30M
YoY Change -85.25% -803.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $42.10M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 105.6M -400.0K
YoY Change -26500.0% -96.08%
NET CHANGE
Cash From Operating Activities 7.200M -16.10M
Cash From Investing Activities 2.700M 18.30M
Cash From Financing Activities 105.6M -400.0K
Net Change In Cash 115.5M 1.800M
YoY Change 6316.67% -104.76%
FREE CASH FLOW
Cash From Operating Activities $7.200M -$16.10M
Capital Expenditures -$600.0K -$200.0K
Free Cash Flow $7.800M -$15.90M
YoY Change -149.06% -34.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2132000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
17424000 USD
CY2011Q4 us-gaap Assets
Assets
664485000 USD
CY2012Q3 us-gaap Assets
Assets
817292000 USD
CY2012Q3 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
-1219000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
159765000 USD
CY2011Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2167000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1003000 shares
CY2011Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
41256000 USD
CY2012Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
65348000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
139943000 USD
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
181324000 USD
CY2012Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
6204000 USD
CY2011Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
2675000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2186000 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
695000 shares
us-gaap Basis Of Accounting
BasisOfAccounting
<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 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 </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended September 30, 2011</font><font style="font-family:inherit;font-size:10pt;"> have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended September 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 expands the fair value disclosure requirements particularly for Level 3 measurements. 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%;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:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2011, the FASB issued ASU No. 2011-11, &#8220;Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.&#8221; The amendments in ASU 2011-11 will enhance disclosures required by U.S. GAAP by requiring additional information about financial and derivative instruments that are either (a) offset in accordance with Section 210-20-45 or Section 815-10-45 or (b) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with Section 210-20-45 or Section 815-10-45. We are required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and for interim periods within those annual periods. We are to provide the required disclosures retrospectively for all comparative periods presented. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
1219000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59793000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46829000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81208000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-34379000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
99972000 USD
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
38000000 shares
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
38000000 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22101723 shares
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24631723 shares
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
246000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
221000 USD
CY2012Q3 us-gaap Convertible Subordinated Debt
ConvertibleSubordinatedDebt
57500000 USD
CY2011Q4 us-gaap Convertible Subordinated Debt
ConvertibleSubordinatedDebt
0 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
200423000 USD
us-gaap Costs And Expenses
CostsAndExpenses
420468000 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
146459000 USD
us-gaap Costs And Expenses
CostsAndExpenses
503617000 USD
CY2011Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
4181000 USD
CY2012Q3 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
10976000 USD
CY2012Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
23.80
CY2012Q3 us-gaap Debt Instrument Convertible Conversion Ratio
DebtInstrumentConvertibleConversionRatio
42.0159
CY2012Q3 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
72611000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3721000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11657000 USD
CY2012Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
81100000 USD
CY2012Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
137104000 USD
us-gaap Depreciation
Depreciation
3819000 USD
us-gaap Depreciation
Depreciation
4940000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.65
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.65
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1029000 USD
CY2011Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10357000 USD
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
11256000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
165000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42299000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16016000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38064000 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13896000 USD
CY2012Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1309000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1876000 USD
CY2011Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1697000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
18013000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8452000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
7377000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-4835000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-30830000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
138000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-955000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-117000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
282000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
280000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
23016000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16089000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
1667000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-703000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
6604000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2314000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
50618000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
71236000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-954000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4030000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5918000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
11303000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-32391000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
4532000 USD
CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
525000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Interest Costs Incurred
InterestCostsIncurred
18497000 USD
CY2011Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
6157000 USD
CY2012Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
6573000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
19194000 USD
us-gaap Interest Expense
InterestExpense
10884000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
3999000 USD
us-gaap Interest Expense
InterestExpense
12066000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
3384000 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2012Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
128000 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2011Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
us-gaap Interest Paid Net
InterestPaidNet
4208000 USD
us-gaap Interest Paid Net
InterestPaidNet
5442000 USD
CY2011Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
181483000 USD
CY2012Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
252325000 USD
CY2011Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
0 USD
CY2012Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
8448000 USD
CY2012Q3 us-gaap Inventory Real Estate
InventoryRealEstate
543871000 USD
CY2011Q4 us-gaap Inventory Real Estate
InventoryRealEstate
466772000 USD
CY2011Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
242372000 USD
CY2012Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
230040000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2012Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2011Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
35831000 USD
CY2012Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
26538000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
391135000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
490800000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
817292000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
664485000 USD
CY2012Q3 us-gaap Limited Partners Contributed Capital
LimitedPartnersContributedCapital
11256000 USD
CY2012Q3 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
0 USD
CY2012Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
54780000 USD
CY2012Q3 us-gaap Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
58338000 USD
CY2011Q4 us-gaap Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
57275000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90416000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
910000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10723000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
25877000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16321000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24566000 USD
us-gaap Net Income Loss
NetIncomeLoss
8332000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
8314000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-4718000 USD
us-gaap Net Income Loss
NetIncomeLoss
-30901000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8332000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-30901000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4718000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8442000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12451000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
19443000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-19946000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1451000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
1876000 USD
CY2011 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
21993000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
14596000 USD
CY2012Q3 us-gaap Other Assets
OtherAssets
23126000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
39348000 USD
CY2012Q3 us-gaap Other Liabilities
OtherLiabilities
52257000 USD
CY2012Q3 us-gaap Other Notes Payable
OtherNotesPayable
10769000 USD
CY2011Q4 us-gaap Other Notes Payable
OtherNotesPayable
5801000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
50000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-165000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
256708000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
355075000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5843000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
220000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
949000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
889000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
858000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0975
CY2012Q3 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
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4000 shares
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
96325000 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
96325000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
57500000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42085000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42100000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
29700000 USD
CY2012Q3 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
3000000 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 Other Debt
ProceedsFromRepaymentsOfOtherDebt
4968000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
4000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
2234000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-539000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
266737000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
354443000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
-648000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1215000 USD
CY2011Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8216000 USD
CY2011Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7835000 USD
CY2012Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8996000 USD
CY2010Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8335000 USD
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8733000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9025000 USD
CY2012Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-1524000 USD
CY2011Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-1771000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-4140000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-4281000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
921000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
231000 USD
CY2011Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1021000 USD
CY2012Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
141000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4021000 USD
CY2011Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1131000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3100000 USD
CY2012Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1646000 USD
us-gaap Profit Loss
ProfitLoss
8332000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
8314000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
-4718000 USD
us-gaap Profit Loss
ProfitLoss
-30901000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11956000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14358000 USD
CY2011Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
20016000 USD
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
17967000 USD
CY2012Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
16786000 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
CY2011Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
19758000 USD
CY2012Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-3755000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-7672000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-9211000 USD
CY2011Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
-2515000 USD
CY2011Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
2773000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
7613000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
7128000 USD
CY2012Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
2574000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
41443000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
-41443000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41334000 USD
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8980000 USD
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
8980000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
41334000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
112033000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
103701000 USD
CY2012Q3 us-gaap Revenues
Revenues
208875000 USD
us-gaap Revenues
Revenues
389638000 USD
CY2011Q3 us-gaap Revenues
Revenues
141624000 USD
us-gaap Revenues
Revenues
510994000 USD
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
141624000 USD
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
208875000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
389638000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
510994000 USD
CY2011Q4 us-gaap Secured Debt Other
SecuredDebtOther
52606000 USD
CY2012Q3 us-gaap Secured Debt Other
SecuredDebtOther
54840000 USD
CY2011Q3 us-gaap Selling Expense
SellingExpense
11213000 USD
CY2012Q3 us-gaap Selling Expense
SellingExpense
14647000 USD
us-gaap Selling Expense
SellingExpense
30621000 USD
us-gaap Selling Expense
SellingExpense
38483000 USD
CY2011Q4 us-gaap Senior Notes
SeniorNotes
239016000 USD
CY2012Q3 us-gaap Senior Notes
SeniorNotes
227570000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1398000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1525000 USD
CY2012Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2530000 shares
CY2012Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
2400000 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1215000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
326492000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
273350000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326492000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
273350000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3365366 shares
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
3193996 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
66840000 USD
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
63436000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3721000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-11657000 USD
CY2012Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
54840000 USD
CY2011Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
52606000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19238000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18685000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20273000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18728000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18728000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18685000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19014000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19434000 shares
CY2012Q3 mho Aggreate Maximum Principal Amount Permitted To Be Outstanding Under All Warehousing Credit Lines
AggreateMaximumPrincipalAmountPermittedToBeOutstandingUnderAllWarehousingCreditLines
100000000 USD
CY2012Q3 mho Aggreate Maximum Principal Amount Permitted To Be Outstanding Under All Warehousing Credit Lines
AggreateMaximumPrincipalAmountPermittedToBeOutstandingUnderAllWarehousingCreditLines
75000000 USD
mho Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
1822000 USD
mho Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
1866000 USD
CY2011Q4 mho Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
540000 USD
CY2012Q3 mho Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
376000 USD
CY2012Q3 mho Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
11791000 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
CY2011Q4 mho Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
800000 USD
CY2012Q3 mho Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
800000 USD
CY2011Q4 mho Community Development District
CommunityDevelopmentDistrict
5983000 USD
CY2012Q3 mho Community Development District
CommunityDevelopmentDistrict
4988000 USD
mho Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
-995000 USD
mho Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
-764000 USD
CY2012Q3 mho Community Development District Obligations
CommunityDevelopmentDistrictObligations
4988000 USD
CY2011Q4 mho Community Development District Obligations
CommunityDevelopmentDistrictObligations
5983000 USD
CY2012Q3 mho Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
6552000 USD
CY2011Q4 mho Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
6596000 USD
mho Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
4132000 USD
mho Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
3608000 USD
CY2012Q3 mho Debt Instrument Convertible Principal Amount Used In Conversion Rate Calculation
DebtInstrumentConvertiblePrincipalAmountUsedInConversionRateCalculation
1000 USD
CY2012Q3 mho Defective Drywall Accrual
DefectiveDrywallAccrual
13000000 USD
mho Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
112000 USD
CY2012Q3 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
mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2011Q3 mho Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2012Q3 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
431000 USD
mho Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
3383000 USD
CY2012Q3 mho Financial Bonds
FinancialBonds
6293000 USD
CY2012Q3 mho Financial Letters Of Credit
FinancialLettersOfCredit
9450000 USD
CY2011Q4 mho Financial Services Cash
FinancialServicesCash
16254000 USD
CY2012Q3 mho Financial Services Cash
FinancialServicesCash
18722000 USD
CY2012Q3 mho Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
43000000 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
CY2012Q3 mho Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
32000000 USD
CY2012Q3 mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
-253000 USD
CY2011Q3 mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
200000 USD
mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
-243000 USD
mho Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
2319000 USD
CY2011 mho Historical Monthly Sales Absorption Pace
HistoricalMonthlySalesAbsorptionPace
1.7
mho Historical Monthly Sales Absorption Pace
HistoricalMonthlySalesAbsorptionPace
2.1
CY2011Q4 mho Homebuilding Cash
HomebuildingCash
43539000 USD
CY2012Q3 mho Homebuilding Cash
HomebuildingCash
141043000 USD
mho Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
37000 USD
mho Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
-237000 USD
CY2011Q3 mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
0 shares
mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
132000 shares
CY2012Q3 mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
127000 shares
mho Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
0 shares
CY2011Q3 mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
0 shares
mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
92000 shares
mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
0 shares
CY2012Q3 mho Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
187000 shares
CY2011Q4 mho Intercompany
Intercompany
0 USD
CY2012Q3 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
CY2012Q3 mho Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
35314000 USD
CY2012Q3 mho Inventory Pledged As Collateral Under Line Of Credit Facility
InventoryPledgedAsCollateralUnderLineOfCreditFacility
187083000 USD
CY2012Q3 mho Inventory Segments
InventorySegments
537667000 USD
CY2011Q4 mho Inventory Segments
InventorySegments
464097000 USD
CY2012Q3 mho Land And Housing Costs
LandAndHousingCosts
164452000 USD
CY2011Q3 mho Land And Housing Costs
LandAndHousingCosts
116269000 USD
mho Land And Housing Costs
LandAndHousingCosts
408893000 USD
mho Land And Housing Costs
LandAndHousingCosts
322886000 USD
CY2011Q4 mho Land Purchase Deposits
LandPurchaseDeposits
2676000 USD
CY2012Q3 mho Land Purchase Deposits
LandPurchaseDeposits
6204000 USD
CY2012Q3 mho Letters Of Credit And Bonds
LettersOfCreditAndBonds
63238000 USD
CY2012Q3 mho Letters Of Credit Outstanding Under Credit Facility
LettersOfCreditOutstandingUnderCreditFacility
17831000 USD
CY2012Q3 mho Letters Of Credit Outstanding Under Letter Of Credit Facilities
LettersOfCreditOutstandingUnderLetterOfCreditFacilities
8156000 USD
CY2012Q3 mho Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
2475000 USD
CY2011Q4 mho Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
2750000 USD
CY2011Q4 mho Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
4340000 USD
CY2012Q3 mho Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
4390000 USD
CY2012Q3 mho Remaining Drywall Accrual Balance
RemainingDrywallAccrualBalance
700000 USD
CY2012Q3 mho Restricted Cash For Secured Letter Of Credit Agreements
RestrictedCashForSecuredLetterOfCreditAgreements
8341000 USD
CY2012Q3 mho Restricted Payments Basket
RestrictedPaymentsBasket
36601000 USD
CY2012Q3 mho Performance Letters Of Credit Outstanding
PerformanceLettersOfCreditOutstanding
30407000 USD
CY2011Q4 mho Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
42227000 USD
CY2012Q3 mho Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
43191000 USD
mho Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
512000 USD
mho Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
0 USD
CY2012Q3 mho Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
1080000 USD
CY2011Q4 mho Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
1088000 USD
CY2012Q3 mho Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
39073000 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
CY2012Q3 mho Number Of Secured Letters Of Credit Outstanding Under Credit Facility
NumberOfSecuredLettersOfCreditOutstandingUnderCreditFacility
3
CY2012Q3 mho Number Of Speculative Homes
NumberOfSpeculativeHomes
673 homes
CY2011Q4 mho Number Of Speculative Homes
NumberOfSpeculativeHomes
573
CY2011Q4 mho Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
2944000 USD
CY2012Q3 mho Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
6552000 USD
CY2012Q3 mho Other Combined Assets
OtherCombinedAssets
262165000 USD
CY2011Q4 mho Other Combined Assets
OtherCombinedAssets
187356000 USD
CY2012Q3 mho Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts
2771000 USD
CY2012Q3 mho Outstanding Performance Bonds
OutstandingPerformanceBonds
17088000 USD
mho Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
-648000 USD
CY2012Q1 mho Security Pledged As Collateral That Has Been Released
SecurityPledgedAsCollateralThatHasBeenReleased
25000000 USD
CY2011Q4 mho Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
85499000 USD
CY2012Q3 mho Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
81643000 USD
CY2012Q3 mho Stockissuedduringperiodpricepershare
Stockissuedduringperiodpricepershare
17.63
CY2011Q4 mho Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
101127000 USD
CY2012Q3 mho Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
168745000 USD
CY2012Q3 mho Total Loans Indemnified
TotalLoansIndemnified
1020000 USD
CY2011Q4 mho Total Loans Indemnified
TotalLoansIndemnified
1400000 USD
CY2011Q4 mho Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
4600000 USD
CY2012Q3 mho Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
3700000 USD
CY2011Q4 mho Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
53000000 USD
CY2012Q3 mho Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
6287000 USD
CY2011Q3 mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
1837000 USD
mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
2132000 USD
CY2012Q3 mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
1309000 USD
mho Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
18453000 USD
CY2011Q4 mho Total Unrestricted Cash And Cash Equivalents
TotalUnrestrictedCashAndCashEquivalents
59793000 USD
CY2012Q3 mho Total Unrestricted Cash And Cash Equivalents
TotalUnrestrictedCashAndCashEquivalents
159765000 USD
CY2012Q3 mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
1309000 USD
mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
18453000 USD
CY2011Q3 mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
1837000 USD
mho Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
2132000 USD
CY2012Q3 mho Unrecorded Conditional Purchase Obligation
UnrecordedConditionalPurchaseObligation
195556000 USD
mho Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
1876000 USD
CY2011 mho Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
20964000 USD
mho Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
0 USD
CY2011 mho Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
1029000 USD
mho Valuation Allowance Recorded Against Net Deferred Tax Assets Generated From Loss For Period
ValuationAllowanceRecordedAgainstNetDeferredTaxAssetsGeneratedFromLossForPeriod
-3722000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000799292
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21437727 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
M I HOMES INC

Files In Submission

Name View Source Status
0000799292-12-000034-index-headers.html Edgar Link pending
0000799292-12-000034-index.html Edgar Link pending
0000799292-12-000034.txt Edgar Link pending
0000799292-12-000034-xbrl.zip Edgar Link pending
a10q3rdquarter9302012finalve.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-20120930.xml Edgar Link completed
mho-20120930.xsd Edgar Link pending
mho-20120930x10q.htm Edgar Link pending
mho-20120930_cal.xml Edgar Link unprocessable
mho-20120930_def.xml Edgar Link unprocessable
mho-20120930_lab.xml Edgar Link unprocessable
mho-20120930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
terminationofletterofcredi.htm Edgar Link pending
thirdamendedandrestatedmas.htm Edgar Link pending
thirdamendedandrestat_image1.gif Edgar Link pending
thirdamendedandrestat_image2.gif Edgar Link pending
thirdamendedandrestat_image3.gif Edgar Link pending
thirdamendedandrestat_image4.gif Edgar Link pending
thirdamendedandrestat_image5.gif Edgar Link pending
thirdamendedandrestat_image6.gif Edgar Link pending
thirdamendedandrestat_image7.gif Edgar Link pending
thirdamendedandrestat_image8.gif Edgar Link pending
thirdamendedandrestat_image9.gif Edgar Link pending
thirdamendedandresta_image10.gif Edgar Link pending
thirdamendedandresta_image11.gif Edgar Link pending
thirdamendedandresta_image12.gif Edgar Link pending
thirdamendedandresta_image13.gif Edgar Link pending
thirdamendedandresta_image14.gif Edgar Link pending
thirdamendmenttoletterofcr.htm Edgar Link pending
thirdamendmenttomortgagewa.htm Edgar Link pending