2023 Q1 Form 10-K Financial Statement

#000155837023003920 Filed on March 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $52.86M $75.55M $257.0M
YoY Change -11.8% 43.88% 30.13%
Cost Of Revenue $28.96M $45.77M $150.1M
YoY Change -14.13% 63.31% 31.62%
Gross Profit $23.90M $29.78M $106.9M
YoY Change -8.79% 21.64% 28.09%
Gross Profit Margin 45.21% 39.42% 41.59%
Selling, General & Admin $5.412M $7.281M $27.57M
YoY Change -29.34% -12.29% 18.29%
% of Gross Profit 22.65% 24.45% 25.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $430.0K $550.0K $1.936M
YoY Change 0.0% 27.91% 21.99%
% of Gross Profit 1.8% 1.85% 1.81%
Operating Expenses $5.412M $7.353M $27.57M
YoY Change -29.34% -13.88% 18.29%
Operating Profit $18.35M $22.43M $78.02M
YoY Change 0.48% 40.67% 32.42%
Interest Expense $91.00K $647.0K $375.0K
YoY Change 62.5% -15.97% -57.72%
% of Operating Profit 0.5% 2.88% 0.48%
Other Income/Expense, Net $1.357M $775.0K $4.130M
YoY Change -1.88% 420.13% 141.38%
Pretax Income $19.71M $23.85M $82.15M
YoY Change 0.31% 41.43% 35.5%
Income Tax $3.435M $4.165M $14.38M
% Of Pretax Income 17.43% 17.46% 17.5%
Net Earnings $16.28M $19.69M $67.77M
YoY Change 1.14% 43.81% 35.9%
Net Earnings / Revenue 30.79% 26.06% 26.37%
Basic Earnings Per Share $0.67 $2.78
Diluted Earnings Per Share $0.65 $0.81 $2.74
COMMON SHARES
Basic Shares Outstanding 24.38M 24.41M 24.36M
Diluted Shares Outstanding 25.18M 24.74M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.233M $2.818M $2.818M
YoY Change 27.89% 170.44% 170.44%
Cash & Equivalents $3.233M $2.818M $2.818M
Short-Term Investments
Other Short-Term Assets $12.18M $12.48M $12.48M
YoY Change 199.51% 179.98% 179.98%
Inventory $32.53M $32.08M $32.08M
Prepaid Expenses
Receivables $3.985M $4.873M $34.31M
Other Receivables $25.41M $25.40M $25.40M
Total Short-Term Assets $107.8M $107.1M $107.1M
YoY Change -1.2% 15.71% 15.71%
LONG-TERM ASSETS
Property, Plant & Equipment $30.60M $30.11M $32.77M
YoY Change 9.21% 9.41% 19.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.020M $1.482M $17.29M
YoY Change 36.49% -85.91% 31.07%
Total Long-Term Assets $347.2M $329.7M $329.7M
YoY Change 23.3% 20.28% 20.28%
TOTAL ASSETS
Total Short-Term Assets $107.8M $107.1M $107.1M
Total Long-Term Assets $347.2M $329.7M $329.7M
Total Assets $455.0M $436.8M $436.8M
YoY Change 16.45% 19.13% 19.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.880M $4.549M $4.549M
YoY Change -47.43% 9.48% 9.48%
Accrued Expenses $17.67M $16.90M $10.09M
YoY Change -11.63% -18.33% -3.67%
Deferred Revenue $7.346M $9.715M
YoY Change -14.75% 25.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.838M
YoY Change
Total Short-Term Liabilities $46.66M $41.46M $41.46M
YoY Change 1.9% -1.14% -1.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.545M $2.545M
YoY Change -100.0% -68.16% -68.16%
Other Long-Term Liabilities $7.555M $7.637M $7.637M
YoY Change 3.45% 76.13% 76.13%
Total Long-Term Liabilities $7.555M $10.18M $10.18M
YoY Change -38.97% -17.41% -17.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.66M $41.46M $41.46M
Total Long-Term Liabilities $7.555M $10.18M $10.18M
Total Liabilities $57.08M $54.71M $54.71M
YoY Change -6.7% -4.48% -4.48%
SHAREHOLDERS EQUITY
Retained Earnings $221.6M $206.0M
YoY Change 43.59% 49.03%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.477M $4.477M
YoY Change 0.0% 0.0%
Treasury Stock Shares $445.1K $445.1K
Shareholders Equity $397.9M $382.1M $382.1M
YoY Change
Total Liabilities & Shareholders Equity $455.0M $436.8M $436.8M
YoY Change 16.45% 19.13% 19.13%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $16.28M $19.69M $67.77M
YoY Change 1.14% 43.81% 35.9%
Depreciation, Depletion And Amortization $430.0K $550.0K $1.936M
YoY Change 0.0% 27.91% 21.99%
Cash From Operating Activities -$2.691M -$2.481M -$1.691M
YoY Change 154.59% -124.64% -102.8%
INVESTING ACTIVITIES
Capital Expenditures $761.0K $532.0K $3.800M
YoY Change -11.82% -139.23% -36.16%
Acquisitions
YoY Change
Other Investing Activities -$1.425M -$7.982M $12.88M
YoY Change -139.4% -3.11% -149.56%
Cash From Investing Activities -$2.186M -$8.514M $9.081M
YoY Change -179.38% -11.26% -128.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.292M 2.545M -5.614M
YoY Change -2608.06% -986.76% -80.01%
NET CHANGE
Cash From Operating Activities -2.691M -2.481M -1.691M
Cash From Investing Activities -2.186M -8.514M 9.081M
Cash From Financing Activities 5.292M 2.545M -5.614M
Net Change In Cash 415.0K -8.450M 1.776M
YoY Change -72.07% -4570.9% 548.18%
FREE CASH FLOW
Cash From Operating Activities -$2.691M -$2.481M -$1.691M
Capital Expenditures $761.0K $532.0K $3.800M
Free Cash Flow -$3.452M -$3.013M -$5.491M
YoY Change 79.79% -126.37% -110.1%

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5325000
CY2022 legh Increase Decrease In Consumer Loans Originations
IncreaseDecreaseInConsumerLoansOriginations
13346000
CY2021 legh Increase Decrease In Consumer Loans Originations
IncreaseDecreaseInConsumerLoansOriginations
15525000
CY2022 legh Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
39423000
CY2021 legh Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
-32727000
CY2022 legh Increase Decrease In Inventories Loan Originations
IncreaseDecreaseInInventoriesLoanOriginations
26553000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5699000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7840000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-485000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1221000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1449000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1739000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3397000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1453000
CY2022 legh Right Of Use Activity Net
RightOfUseActivityNet
46000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1966000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4737000
CY2022 legh Net Increase Decrease Of Escrow Liability
NetIncreaseDecreaseOfEscrowLiability
303000
CY2021 legh Net Increase Decrease Of Escrow Liability
NetIncreaseDecreaseOfEscrowLiability
1621000
CY2022 legh Increase Decrease In Dealer Incentive Liabilities
IncreaseDecreaseInDealerIncentiveLiabilities
1180000
CY2021 legh Increase Decrease In Dealer Incentive Liabilities
IncreaseDecreaseInDealerIncentiveLiabilities
94000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1691000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60296000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3800000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5952000
CY2022 legh Proceeds From Sale Of Leased Property
ProceedsFromSaleOfLeasedProperty
1684000
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
8386000
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4394000
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
36806000
CY2022 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
23495000
CY2021 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
9026000
CY2022 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
482000
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
1790000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9081000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31942000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100589000
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
96088000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
106203000
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
124268000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5614000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28080000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1776000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
274000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1042000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
768000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2818000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1042000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
251000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
873000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10314000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8195000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt;">1. NATURE OF OPERATIONS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Legacy Housing Corporation (referred herein as ”Legacy”, “we”, “our”, “us”, or the “Company”) was formed on January 1, 2018 as a Delaware corporation through a corporate conversion of Legacy Housing, Ltd., (the “Partnership”) a Texas limited partnership formed in May 2005. Effective December 31, 2019, the Company reincorporated from a Delaware corporation to a Texas corporation. The Company is headquartered in Bedford, Texas.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company (1) manufactures and provides for the transport of mobile homes, (2) provides wholesale financing to dealers and mobile home parks and (3) provides retail financing to consumers and (4) is involved in financing and developing new manufactured home communities. The Company manufactures its mobile homes at plants located in Fort Worth, Texas, Commerce, Texas and Eatonton, Georgia. The Company relies on a network of dealers to market and sell its mobile homes. The Company also sells homes directly to dealers and mobile home parks. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">In December 2018, the Company sold 4,000,000 shares of its common stock through an initial public offering (“IPO”) at $12.00 per share. Proceeds from the IPO, net of $4,504 of underwriting discounts and offering expenses paid by the Company, were $43,492. In January 2019, the Company sold an additional 600,000 shares of its common stock as part of the IPO at $12.00 per share. Proceeds from the January 2019 issuance, net of $505 of underwriting discounts and offering expenses paid by the Company, were $6,695.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On April 17, 2019, the Company purchased 300,000 shares of its common stock at the price of $10.20 per share, pursuant to the Company’s repurchase program. During the year ended December 31, 2020, the Company purchased 145,065 shares of its common stock at an average price of $9.77<span style="white-space:pre-wrap;"> per share, pursuant to the Company’s repurchase program. In November 2022, the Company’s Board of Directors approved a new repurchase program (the “2022 Repurchase Program”). Under the 2022 Repurchase Program, the Company may purchase up to </span>$10,000 of its common stock. Share purchases may be made from time to time in the open market or through privately negotiated transactions depending on market conditions, share price, trading volume and other factors.  Such purchases, if any, will be made in accordance with applicable insider trading and other securities laws and regulations. These repurchases may be commenced or suspended at any time or from time to time without prior notice. The 2022 Repurchase Program expires October 31, 2025.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">Corporate Conversion</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Effective January 1, 2018, the Partnership converted into a Delaware corporation pursuant to a statutory conversion and changed its name to Legacy Housing Corporation. In order to consummate the corporate conversion completed on January 1, 2018, a certificate of conversion was filed with the Secretary of State of the State of Delaware and with the Secretary of State of the State of Texas. Holders of partnership interests in Legacy Housing, Ltd. received an initial allocation, on a proportional basis, of 20,000,000 shares of common stock of Legacy Housing Corporation. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Following the corporate conversion, Legacy Housing Corporation continues to hold all property and assets of Legacy Housing, Ltd. and all of the debts and obligations of Legacy Housing, Ltd. On the effective date of the corporate conversion, the officers of Legacy Housing, Ltd. became the officers of Legacy Housing Corporation. As a result of the corporate conversion, the Company is a federal corporate taxpayer.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-align:justify;margin:0pt 0pt 10pt 0pt;"><b style="font-style:normal;font-weight:bold;">Basis of Presentation</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net income.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-align:justify;margin:0pt 0pt 10pt 0pt;"><b style="font-style:normal;font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="white-space:pre-wrap;">The preparation of our financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. Material estimates that are susceptible to significant change in the near term primarily relate to the determination of accounts receivable, loans to mobile home parks, consumer loans and notes receivable, inventory obsolescence, income taxes, fair value of financial instruments and contingent liabilities. Actual results could differ from these estimates.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">Segment Reporting</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, the sale of manufactured homes includes providing transportation and consignment arrangements with dealers. We also provide financing options to the customers to facilitate such sale of homes. In addition, the sale of homes is directly related to financing provided by us. Accordingly, all significant operating and strategic decisions by the chief operating decision-maker, the Executive Chairman of the Board, are based upon analyses of our company as one segment or unit. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:1pt;margin-bottom:12pt;visibility:hidden;">​</span></p>
CY2019Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
300000
CY2019Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.20
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
145065
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.77
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000
CY2018Q1 legh Stock Issued Upon Incorporation Shares
StockIssuedUponIncorporationShares
20000000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-align:justify;margin:0pt 0pt 10pt 0pt;"><b style="font-style:normal;font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="white-space:pre-wrap;">The preparation of our financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. Material estimates that are susceptible to significant change in the near term primarily relate to the determination of accounts receivable, loans to mobile home parks, consumer loans and notes receivable, inventory obsolescence, income taxes, fair value of financial instruments and contingent liabilities. Actual results could differ from these estimates.</span></p>
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q4 legh Number Of Banks Holding Cash In Excess Of Fdic Limit
NumberOfBanksHoldingCashInExcessOfFdicLimit
2
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
279000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
343000
CY2022Q4 legh Consumer Loans Receivable Average Contractual Interest Rate
ConsumerLoansReceivableAverageContractualInterestRate
0.134
CY2021Q4 legh Consumer Loans Receivable Average Contractual Interest Rate
ConsumerLoansReceivableAverageContractualInterestRate
0.135
CY2022Q4 legh Escrow Liability Noncurrent
EscrowLiabilityNoncurrent
9653000
CY2021Q4 legh Escrow Liability Noncurrent
EscrowLiabilityNoncurrent
9350000
CY2022 legh Components Of Allowance For Loan Losses
ComponentsOfAllowanceForLoanLosses
2
CY2022 legh General Reserve Calculation Period Of Historical Loss Rate Considered
GeneralReserveCalculationPeriodOfHistoricalLossRateConsidered
P3Y
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1610000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1239000
CY2022Q4 us-gaap Foreclosed Assets
ForeclosedAssets
795000
CY2021Q4 us-gaap Foreclosed Assets
ForeclosedAssets
517000
CY2022Q4 legh Loans And Leases Receivable Allowance General
LoansAndLeasesReceivableAllowanceGeneral
218000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6987000
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
2678000
CY2022 legh Lessor Operating Lease Notice Period For Termination
LessorOperatingLeaseNoticePeriodForTermination
P30D
CY2022 legh Lessor Operating Lease Termination Fees Recorded As Percentage Of Remaining Lease Payment
LessorOperatingLeaseTerminationFeesRecordedAsPercentageOfRemainingLeasePayment
0.10
CY2022 legh Lessor Operating Lease Number Of Month S Rent Payable Upon Termination
LessorOperatingLeaseNumberOfMonthSRentPayableUponTermination
P6M
CY2022 legh Lessor Operating Lease Notice Period For Purchase Of Property
LessorOperatingLeaseNoticePeriodForPurchaseOfProperty
P30D
CY2022Q4 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P48M
CY2022 legh Lessor Operating Lease Notice Period For Exercise Of Renewal Extension
LessorOperatingLeaseNoticePeriodForExerciseOfRenewalExtension
P6M
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P15Y
CY2022 legh Depreciation Leased Property
DepreciationLeasedProperty
582000
CY2021 legh Depreciation Leased Property
DepreciationLeasedProperty
442000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
1964000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1964000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
1964000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
1964000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
1792000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
2561000
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
12209000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
120000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
367000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5516000
CY2021Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
4336000
CY2022 legh Dealer Incentive Expense
DealerIncentiveExpense
1315000
CY2021 legh Dealer Incentive Expense
DealerIncentiveExpense
1235000
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Product Warranties</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company provides retail home buyers with a one-year warranty from the date of purchase on manufactured inventory. Product warranty costs are accrued when the covered homes are sold to customers. Product warranty expense is recognized based on the terms of the product warranty and the related estimated costs. Factors used to determine the warranty liability include the number of homes under warranty and the historical costs incurred in servicing the warranties. The accrued warranty liability is reduced as costs are incurred and warranty liability balance is included as part of accrued liabilities in the Company’s balance sheet.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">A tabular presentation of the activity within the warranty liability account for the years ended December 31, 2022 and 2021 is presented below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:80%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:75.19%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:75.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.01%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.01%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2021</b></p></td></tr><tr><td style="vertical-align:bottom;width:75.19%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Warranty liability, beginning of year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 2,876</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 2,594</p></td></tr><tr><td style="vertical-align:bottom;width:75.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Product warranty accrued</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 2,874</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 2,152</p></td></tr><tr><td style="vertical-align:bottom;width:75.19%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Warranty costs incurred</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (2,701)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (1,870)</p></td></tr><tr><td style="vertical-align:bottom;width:75.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Warranty liability, end of year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 3,049</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.49%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.52%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 2,876</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="visibility:hidden;">​</span></p>
CY2022 legh Term Of Product Warranty
TermOfProductWarranty
P1Y
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2876000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2594000
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2874000
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2152000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2701000
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1870000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3049000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2876000
CY2022 legh Inventory Financed Sales Annual Curtailment Payment Period
InventoryFinancedSalesAnnualCurtailmentPaymentPeriod
P2Y
CY2022 legh Period Required To Pay Off Remaining Principle Balance
PeriodRequiredToPayOffRemainingPrincipleBalance
P3Y
CY2022 us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2022 legh Term Of Product Warranty
TermOfProductWarranty
P1Y
CY2022 legh Dealer Commission Reimbursed Dealer Expenses And Other Similar Costs
DealerCommissionReimbursedDealerExpensesAndOtherSimilarCosts
11588000
CY2021 legh Dealer Commission Reimbursed Dealer Expenses And Other Similar Costs
DealerCommissionReimbursedDealerExpensesAndOtherSimilarCosts
11303000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222052000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
165995000
CY2022 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
18369000
CY2021 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
16658000
CY2022 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
10195000
CY2021 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
10537000
CY2022 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
28564000
CY2021 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
27195000
CY2022 us-gaap Other Income
OtherIncome
6399000
CY2021 us-gaap Other Income
OtherIncome
4317000
CY2022 us-gaap Revenues
Revenues
257015000
CY2021 us-gaap Revenues
Revenues
197507000
CY2021Q4 legh Loans And Leases Receivable Allowance General
LoansAndLeasesReceivableAllowanceGeneral
351000
CY2022 legh Shipping And Handling Costs
ShippingAndHandlingCosts
1804000
CY2021 legh Shipping And Handling Costs
ShippingAndHandlingCosts
1981000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentrations</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable, consumer loans, MHP Notes and other notes receivable. Management believes that its credit policies are adequate to minimize potential credit risk related to accounts receivable and other notes receivable. The consumer loans are secured by the mobile homes that were financed through the loans. The MHP Notes are secured by mobile homes, other assets, and are personally guaranteed. The MHP Notes personal guarantor may cover multiple parks and each park is treated as a customer. As of December 31, 2022, the Company had concentrations of MHP Notes with three independent third-parties and their respective affiliates that equaled 12.3%, 16.6% and 34.0% of the principal balance outstanding, all of which was secured by the mobile homes. As of December 31, 2021, the Company had concentrations of MHP Notes with two<span style="white-space:pre-wrap;"> independent third-parties and their respective affiliates that equaled </span>10.4% and 30.1% of the principal balance outstanding, all of which was secured by the mobile homes.</p>
CY2022Q1 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2022Q1 us-gaap Lease Practical Expedient Use Of Hindsight
LeasePracticalExpedientUseOfHindsight
false
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
142340000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
129119000
CY2022Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-2501000
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-2612000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
830000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
884000
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
139009000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
125623000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
884000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
905000
CY2022 legh Provision For Loan Losses
ProvisionForLoanLosses
-243000
CY2021 legh Provision For Loan Losses
ProvisionForLoanLosses
725000
CY2022 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-189000
CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
746000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
830000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
884000
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
142340000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
129119000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
830000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
884000
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1610000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1239000
CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
612000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
533000
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
140730000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
127880000
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
142340000
CY2022Q4 legh Loans And Leases Receivable Gross Percent
LoansAndLeasesReceivableGrossPercent
1.000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
129119000
CY2021Q4 legh Loans And Leases Receivable Gross Percent
LoansAndLeasesReceivableGrossPercent
1.000
CY2022 legh Lessee Operating Lease Number Of Leases
LesseeOperatingLeaseNumberOfLeases
13
CY2022 legh Lessee Operating Sublease Number Of Leases
LesseeOperatingSubleaseNumberOfLeases
3
CY2022 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M14D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0212
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1097000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
256000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
998000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1381000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
683000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
610000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
588000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
526000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
311000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
113000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2831000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
60000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2771000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
650000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2121000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
17442000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
15431000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
592000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
714000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21429000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29034000
CY2022Q4 legh Inventory Allowance For Obsolescence
InventoryAllowanceForObsolescence
401000
CY2021Q4 legh Inventory Allowance For Obsolescence
InventoryAllowanceForObsolescence
501000
CY2022Q4 legh Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
39062000
CY2021Q4 legh Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
44678000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6987000
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
2678000
CY2022Q4 legh Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
15000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39508000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35709000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9402000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8193000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30106000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27516000
CY2022 us-gaap Depreciation
Depreciation
1137000
CY2021 us-gaap Depreciation
Depreciation
1145000
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
349000
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
248000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
338000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
332000
CY2022Q4 us-gaap Foreclosed Assets
ForeclosedAssets
795000
CY2021Q4 us-gaap Foreclosed Assets
ForeclosedAssets
517000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1482000
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
8412000
CY2021Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
0
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3049000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2876000
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
753000
CY2021Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
2764000
CY2022Q4 legh Accrued Payroll Liability Current
AccruedPayrollLiabilityCurrent
1006000
CY2021Q4 legh Accrued Payroll Liability Current
AccruedPayrollLiabilityCurrent
1685000
CY2022Q4 legh Portfolio Taxes And Title
PortfolioTaxesAndTitle
1610000
CY2021Q4 legh Portfolio Taxes And Title
PortfolioTaxesAndTitle
2467000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
54000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
546000
CY2022Q4 legh Accrued Dealer Debates Current
AccruedDealerDebatesCurrent
1402000
CY2021Q4 legh Accrued Dealer Debates Current
AccruedDealerDebatesCurrent
1160000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
61000
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
310000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6699000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
7445000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2261000
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1433000
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
16895000
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
20686000
CY2021Q4 legh Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
58000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13092000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8443000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1222000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1280000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
14314000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9723000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
51000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
934000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2022 legh Effective Income Tax Rate Reconciliation Energy Efficient Credit Percent
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0.050
CY2021 legh Effective Income Tax Rate Reconciliation Energy Efficient Credit Percent
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0.052
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.175
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
8000
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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674000
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q4 legh Deferred Tax Liabilities Accrued Interest Receivable
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581000
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518000
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
9700000
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
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0.50
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149000
CY2021Q4 us-gaap Self Insurance Reserve
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373000
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
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P10Y
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710000
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OperatingLeasesRentExpenseNet
698000
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326000
CY2021 us-gaap Operating Leases Rent Expense Sublease Rentals1
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394000
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753000
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
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2764000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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67773000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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49871000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24357785
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24742419
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24275989
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2.78
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2.06
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2.74
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EarningsPerShareDiluted
2.05
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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102408
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0

Files In Submission

Name View Source Status
legh-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001558370-23-003920-index-headers.html Edgar Link pending
0001558370-23-003920-index.html Edgar Link pending
0001558370-23-003920.txt Edgar Link pending
0001558370-23-003920-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
legh-20221231.xsd Edgar Link pending
legh-20221231x10k.htm Edgar Link pending
legh-20221231x10k001.jpg Edgar Link pending
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legh-20221231_cal.xml Edgar Link unprocessable
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legh-20221231x10k_htm.xml Edgar Link completed
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