2024 Q1 Form 10-K Financial Statement

#000155837024003435 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $43.24M $33.71M $189.1M
YoY Change -18.19% -55.38% -26.41%
Cost Of Revenue $20.47M $16.50M $99.69M
YoY Change -29.33% -63.95% -33.59%
Gross Profit $22.78M $17.21M $89.45M
YoY Change -4.69% -42.2% -16.32%
Gross Profit Margin 52.67% 51.05% 47.29%
Selling, General & Admin $5.889M $7.233M $24.28M
YoY Change 8.81% -0.66% -11.93%
% of Gross Profit 25.86% 42.02% 27.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $423.0K $447.0K $1.726M
YoY Change -1.63% -18.73% -10.85%
% of Gross Profit 1.86% 2.6% 1.93%
Operating Expenses $5.889M $7.492M $24.87M
YoY Change 8.81% 1.89% -9.8%
Operating Profit $16.75M $9.720M $64.59M
YoY Change -8.74% -56.66% -17.22%
Interest Expense $276.0K $562.0K $2.089M
YoY Change 203.3% -13.14% 457.07%
% of Operating Profit 1.65% 5.78% 3.23%
Other Income/Expense, Net $1.763M $1.185M $2.060M
YoY Change 29.92% 52.9% -50.12%
Pretax Income $18.51M $11.47M $68.74M
YoY Change -6.08% -51.92% -16.33%
Income Tax $3.373M $4.391M $14.28M
% Of Pretax Income 18.22% 38.29% 20.77%
Net Earnings $15.14M $7.076M $54.46M
YoY Change -6.98% -64.05% -19.64%
Net Earnings / Revenue 35.01% 20.99% 28.79%
Basic Earnings Per Share $0.62 $2.23
Diluted Earnings Per Share $0.60 $0.28 $2.17
COMMON SHARES
Basic Shares Outstanding 24.40M 24.39M 24.39M
Diluted Shares Outstanding 25.13M 25.07M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $621.0K $748.0K $748.0K
YoY Change -80.79% -73.46% -73.46%
Cash & Equivalents $621.0K $748.0K $748.0K
Short-Term Investments
Other Short-Term Assets $5.310M $4.915M $4.915M
YoY Change -56.41% -60.6% -60.6%
Inventory $34.25M $33.18M $33.18M
Prepaid Expenses
Receivables $4.314M $37.19M $37.19M
Other Receivables $67.75M $31.85M $31.85M
Total Short-Term Assets $146.3M $107.9M $107.9M
YoY Change 35.73% 0.75% 0.75%
LONG-TERM ASSETS
Property, Plant & Equipment $40.76M $39.67M $39.67M
YoY Change 33.22% 31.78% 21.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.296M $17.97M $17.97M
YoY Change 63.17% 1112.21% 3.89%
Total Long-Term Assets $363.7M $398.9M $398.9M
YoY Change 4.76% 20.96% 20.96%
TOTAL ASSETS
Total Short-Term Assets $146.3M $107.9M $107.9M
Total Long-Term Assets $363.7M $398.9M $398.9M
Total Assets $510.0M $506.7M $506.7M
YoY Change 12.09% 16.01% 16.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.604M $4.090M $4.090M
YoY Change -7.11% -10.09% -10.09%
Accrued Expenses $19.76M $14.24M $14.24M
YoY Change 11.81% -15.69% 41.13%
Deferred Revenue $4.109M $4.146M
YoY Change -44.06% -57.32%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.90M $37.33M $37.33M
YoY Change -16.63% -9.96% -9.96%
LONG-TERM LIABILITIES
Long-Term Debt $11.80M $23.68M $23.68M
YoY Change 830.45% 830.45%
Other Long-Term Liabilities $6.574M $6.656M $6.656M
YoY Change -12.98% -12.85% -12.85%
Total Long-Term Liabilities $18.37M $30.34M $30.34M
YoY Change 143.16% 197.94% 197.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.90M $37.33M $37.33M
Total Long-Term Liabilities $18.37M $30.34M $30.34M
Total Liabilities $59.61M $70.01M $70.01M
YoY Change 4.44% 27.96% 27.96%
SHAREHOLDERS EQUITY
Retained Earnings $274.9M $259.8M
YoY Change 24.07% 26.1%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $450.4M $436.7M $436.7M
YoY Change
Total Liabilities & Shareholders Equity $510.0M $506.7M $506.7M
YoY Change 12.09% 16.01% 16.01%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $15.14M $7.076M $54.46M
YoY Change -6.98% -64.05% -19.64%
Depreciation, Depletion And Amortization $423.0K $447.0K $1.726M
YoY Change -1.63% -18.73% -10.85%
Cash From Operating Activities $10.81M -$8.252M -$13.54M
YoY Change -501.56% 232.61% 700.47%
INVESTING ACTIVITIES
Capital Expenditures $871.0K $3.141M $7.713M
YoY Change 14.45% 490.41% 102.97%
Acquisitions
YoY Change
Other Investing Activities $3.592M $928.0K -$2.056M
YoY Change -352.07% -111.63% -115.96%
Cash From Investing Activities $2.721M -$2.213M -$9.769M
YoY Change -224.47% -74.01% -207.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.65M 10.67M 21.24M
YoY Change -358.01% 319.14% -478.25%
NET CHANGE
Cash From Operating Activities 10.81M -8.252M -13.54M
Cash From Investing Activities 2.721M -2.213M -9.769M
Cash From Financing Activities -13.65M 10.67M 21.24M
Net Change In Cash -127.0K 202.0K -2.070M
YoY Change -130.6% -102.39% -216.55%
FREE CASH FLOW
Cash From Operating Activities $10.81M -$8.252M -$13.54M
Capital Expenditures $871.0K $3.141M $7.713M
Free Cash Flow $9.935M -$11.39M -$21.25M
YoY Change -387.8% 278.13% 286.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001436208
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2023 legh Accounts Receivables Credit Period
AccountsReceivablesCreditPeriod
P30D
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-38761
CY2023 dei Entity Registrant Name
EntityRegistrantName
Legacy Housing Corporation
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TX
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-2897516
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
1600 Airport Freeway
CY2023 dei Entity Address Address Line2
EntityAddressAddressLine2
#100
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Bedford
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76022
CY2023 dei City Area Code
CityAreaCode
817
CY2023 dei Local Phone Number
LocalPhoneNumber
799-4900
CY2023 dei Security12b Title
Security12bTitle
Common Stock ($0.001 par value)
CY2023 dei Trading Symbol
TradingSymbol
LEGH
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
235772057
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24401429
CY2023 dei Auditor Firm
AuditorFirmId
215
CY2022 dei Auditor Firm
AuditorFirmId
229
CY2023 dei Auditor Name
AuditorName
Frazier & Deeter, LLC
CY2023 dei Auditor Location
AuditorLocation
Tampa, Florida
CY2022 dei Auditor Name
AuditorName
Daszkal Bolton, LLP
CY2022 dei Auditor Location
AuditorLocation
Sunrise, Florida
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
748000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2818000
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
8412000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4656000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4873000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
32538000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
29441000
CY2023Q4 legh Consumer Loans Current
ConsumerLoansCurrent
7682000
CY2022Q4 legh Consumer Loans Current
ConsumerLoansCurrent
6801000
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
18156000
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
9670000
CY2023Q4 legh Other Notes Loans And Financing Receivable Net Current
OtherNotesLoansAndFinancingReceivableNetCurrent
6013000
CY2022Q4 legh Other Notes Loans And Financing Receivable Net Current
OtherNotesLoansAndFinancingReceivableNetCurrent
8927000
CY2023Q4 us-gaap Inventory Net
InventoryNet
33176000
CY2022Q4 us-gaap Inventory Net
InventoryNet
32075000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4915000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4064000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
107884000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
107081000
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
595000
CY2023Q4 legh Consumer Loans Noncurrent
ConsumerLoansNoncurrent
148818000
CY2022Q4 legh Consumer Loans Noncurrent
ConsumerLoansNoncurrent
132208000
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
163824000
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
133072000
CY2023Q4 legh Other Notes Loans And Financing Receivable Net Noncurrent
OtherNotesLoansAndFinancingReceivableNetNoncurrent
28577000
CY2022Q4 legh Other Notes Loans And Financing Receivable Net Noncurrent
OtherNotesLoansAndFinancingReceivableNetNoncurrent
13795000
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
7793000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6987000
CY2023Q4 legh Other Assets Leased Mobile Homes Non Current
OtherAssetsLeasedMobileHomesNonCurrent
7601000
CY2022Q4 legh Other Assets Leased Mobile Homes Non Current
OtherAssetsLeasedMobileHomesNonCurrent
8824000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1794000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2663000
CY2023Q4 legh Other Assets Excluding Leased Mobile Homes Non Current
OtherAssetsExcludingLeasedMobileHomesNonCurrent
2571000
CY2022Q4 legh Other Assets Excluding Leased Mobile Homes Non Current
OtherAssetsExcludingLeasedMobileHomesNonCurrent
1482000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37880000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30106000
CY2023Q4 us-gaap Assets
Assets
506742000
CY2022Q4 us-gaap Assets
Assets
436813000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4090000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4549000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18504000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16895000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4146000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9715000
CY2023Q4 legh Escrow Liability Current
EscrowLiabilityCurrent
10104000
CY2022Q4 legh Escrow Liability Current
EscrowLiabilityCurrent
9653000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
489000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
650000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
37333000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
41462000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1396000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2121000
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
23680000
CY2022Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
2545000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2338000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3065000
CY2023Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5260000
CY2022Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5516000
CY2023Q4 us-gaap Liabilities
Liabilities
70007000
CY2022Q4 us-gaap Liabilities
Liabilities
54709000
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24843494
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24814695
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24398429
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24369630
CY2023Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
30000
CY2022Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
30000
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
445065
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
445065
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4477000
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4477000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
181424000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
180555000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
259758000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
205996000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
436735000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
382104000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
506742000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
436813000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
145100000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222052000
CY2023 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
37420000
CY2022 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
28564000
CY2023 us-gaap Other Income
OtherIncome
6624000
CY2022 us-gaap Other Income
OtherIncome
6399000
CY2023 us-gaap Revenues
Revenues
189144000
CY2022 us-gaap Revenues
Revenues
257015000
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
99692000
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
150114000
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24279000
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27568000
CY2023 legh Dealer Incentive Expense
DealerIncentiveExpense
586000
CY2022 legh Dealer Incentive Expense
DealerIncentiveExpense
1315000
CY2023 us-gaap Costs And Expenses
CostsAndExpenses
124557000
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
178997000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
64587000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
78018000
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
3019000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
2942000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2060000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1563000
CY2023 us-gaap Interest Expense
InterestExpense
930000
CY2022 us-gaap Interest Expense
InterestExpense
375000
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4149000
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4130000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
68736000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82148000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14375000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
54460000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
67773000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24385190
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24357785
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25070626
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24742419
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.74
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
309394000
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
4937000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
67773000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
382104000
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
869000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
54460000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
436735000
CY2023 us-gaap Profit Loss
ProfitLoss
54460000
CY2022 us-gaap Profit Loss
ProfitLoss
67773000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1726000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1936000
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1285000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1383000
CY2023 legh Amortization Of Treasury Note Discount
AmortizationOfTreasuryNoteDiscount
-76000
CY2022 legh Amortization Of Treasury Note Discount
AmortizationOfTreasuryNoteDiscount
-25000
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
70000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
74000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1354000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-109000
CY2023 legh Provision For Long Term Inventory
ProvisionForLongTermInventory
49000
CY2022 legh Provision For Long Term Inventory
ProvisionForLongTermInventory
-83000
CY2023 legh Gain Loss On Sale Of Leased Property
GainLossOnSaleOfLeasedProperty
507000
CY2022 legh Gain Loss On Sale Of Leased Property
GainLossOnSaleOfLeasedProperty
753000
CY2023 legh Increase Decrease Operating Lease Right Of Use Asset Amortization Expense
IncreaseDecreaseOperatingLeaseRightOfUseAssetAmortizationExpense
-50000
CY2022 legh Increase Decrease Operating Lease Right Of Use Asset Amortization Expense
IncreaseDecreaseOperatingLeaseRightOfUseAssetAmortizationExpense
62000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-524000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
769000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
4936000
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
12000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
155000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-309000
CY2023 legh Increase Decrease In Consumer Loans Originations
IncreaseDecreaseInConsumerLoansOriginations
17362000
CY2022 legh Increase Decrease In Consumer Loans Originations
IncreaseDecreaseInConsumerLoansOriginations
13346000
CY2023 legh Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
39192000
CY2022 legh Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
39423000
CY2023 legh Increase Decrease In Inventories Loan Originations
IncreaseDecreaseInInventoriesLoanOriginations
2930000
CY2022 legh Increase Decrease In Inventories Loan Originations
IncreaseDecreaseInInventoriesLoanOriginations
26553000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1956000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5699000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1323000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-485000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1246000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1449000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3397000
CY2023 legh Right Of Use Activity Net
RightOfUseActivityNet
33000
CY2022 legh Right Of Use Activity Net
RightOfUseActivityNet
46000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5569000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1966000
CY2023 legh Net Increase Decrease Of Escrow Liability
NetIncreaseDecreaseOfEscrowLiability
451000
CY2022 legh Net Increase Decrease Of Escrow Liability
NetIncreaseDecreaseOfEscrowLiability
303000
CY2023 legh Increase Decrease In Dealer Incentive Liabilities
IncreaseDecreaseInDealerIncentiveLiabilities
-256000
CY2022 legh Increase Decrease In Dealer Incentive Liabilities
IncreaseDecreaseInDealerIncentiveLiabilities
1180000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13536000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1691000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7713000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3800000
CY2023 legh Proceeds From Sale Of Leased Property
ProceedsFromSaleOfLeasedProperty
1108000
CY2022 legh Proceeds From Sale Of Leased Property
ProceedsFromSaleOfLeasedProperty
1684000
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
8386000
CY2023 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
8500000
CY2023 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
14786000
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4394000
CY2023 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
2745000
CY2022 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
23495000
CY2023 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
377000
CY2022 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
482000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9769000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9081000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
110761000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100589000
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
89626000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
106203000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21235000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5614000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2070000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1776000
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
748000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2818000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
478000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
251000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1154000
CY2023 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 consumers, through its own retail stores, and to dealers and mobile home parks. </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”). </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. 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 for 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 Chief Executive Officer, are based upon analyses of our company as one segment or unit.<span style="background:#ffff00;"> </span></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>
CY2023 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. 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>
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q4 legh Number Of Banks Holding Cash In Excess Of Fdic Limit
NumberOfBanksHoldingCashInExcessOfFdicLimit
1
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
105000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
651000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
279000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
343000
CY2023Q4 legh Escrow Liability Current
EscrowLiabilityCurrent
10104000
CY2022Q4 legh Escrow Liability Current
EscrowLiabilityCurrent
9653000
CY2023 legh Components Of Allowance For Loan Losses
ComponentsOfAllowanceForLoanLosses
2
CY2023 legh General Reserve Calculation Period Of Historical Loss Rate Considered
GeneralReserveCalculationPeriodOfHistoricalLossRateConsidered
P3Y
CY2023Q4 us-gaap Foreclosed Assets
ForeclosedAssets
2215000
CY2022Q4 us-gaap Foreclosed Assets
ForeclosedAssets
795000
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
7793000
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
7793000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6987000
CY2023 legh Depreciation Leased Property
DepreciationLeasedProperty
632000
CY2022 legh Depreciation Leased Property
DepreciationLeasedProperty
582000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1825000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1825000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1825000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1653000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1460000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
804000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
9392000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5260000
CY2023Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5260000
CY2022Q4 legh Dealer Incentive Liability Noncurrent
DealerIncentiveLiabilityNoncurrent
5516000
CY2023 legh Dealer Incentive Expense
DealerIncentiveExpense
586000
CY2022 legh Dealer Incentive Expense
DealerIncentiveExpense
1315000
CY2023 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 the 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;">The following table summarizes activity within the warranty liability for the years ended December 31, 2023 and 2022:</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:75.35%;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:2.34%;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:1.45%;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:2.34%;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:1.45%;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:75.35%;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:2.34%;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:9.98%;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;">2023</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.34%;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:9.98%;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></tr><tr><td style="vertical-align:bottom;width:75.35%;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:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 3,049</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 2,876</p></td></tr><tr><td style="vertical-align:bottom;width:75.35%;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:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 2,552</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 2,874</p></td></tr><tr><td style="vertical-align:bottom;width:75.35%;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:2.34%;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:1.45%;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;"> (2,691)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.34%;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:1.45%;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></tr><tr><td style="vertical-align:bottom;width:75.35%;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:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 2,910</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.34%;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:1.45%;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 3.6pt 0.05pt 0pt;"> 3,049</p></td></tr></table>
CY2023 legh Term Of Product Warranty
TermOfProductWarranty
P1Y
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3049000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2876000
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2552000
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2874000
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2691000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2701000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2910000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3049000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
409000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
120000
CY2022Q1 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2022Q1 us-gaap Lease Practical Expedient Use Of Hindsight
LeasePracticalExpedientUseOfHindsight
false
CY2023 us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2023 legh Shipping And Handling Costs
ShippingAndHandlingCosts
621000
CY2022 legh Shipping And Handling Costs
ShippingAndHandlingCosts
1804000
CY2023 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;">Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable, consumer loans, MHP Notes, inventory finance loans 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. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The consumer loans and inventory finance 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, 2023, the Company had concentrations of MHP Notes with three independent third-parties and their respective affiliates that equaled 14.0%, 17.9% and 24.5% of the principal balance outstanding, all of which was secured by the mobile homes. 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, 2023 and 2022, the Company had concentration of other notes receivable with one independent third-party and its affiliates that equaled 64.4% and 77.6%, respectively, of the principal balance outstanding. The other notes are secured by land and other assets and are personally guaranteed. </p>
CY2023 legh Term Of Product Warranty
TermOfProductWarranty
P1Y
CY2023 legh Dealer Commission Reimbursed Dealer Expenses And Other Similar Costs
DealerCommissionReimbursedDealerExpensesAndOtherSimilarCosts
10188000
CY2022 legh Dealer Commission Reimbursed Dealer Expenses And Other Similar Costs
DealerCommissionReimbursedDealerExpensesAndOtherSimilarCosts
11588000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
145100000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222052000
CY2023 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
19360000
CY2022 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
18369000
CY2023 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
14330000
CY2022 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
10195000
CY2023 legh Interest And Fee Income Loans Dealer
InterestAndFeeIncomeLoansDealer
3730000
CY2023 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
37420000
CY2022 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
28564000
CY2023 us-gaap Other Income
OtherIncome
6624000
CY2022 us-gaap Other Income
OtherIncome
6399000
CY2023 us-gaap Revenues
Revenues
189144000
CY2022 us-gaap Revenues
Revenues
257015000
CY2023 legh Lessee Operating Lease Number Of Leases
LesseeOperatingLeaseNumberOfLeases
13
CY2023 legh Lessee Operating Sublease Number Of Leases
LesseeOperatingSubleaseNumberOfLeases
3
CY2023 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M15D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0208
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
519000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
495000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
431000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
345000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
145000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1935000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
50000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1885000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
489000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1396000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
13506000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
17442000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
552000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
592000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26911000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21028000
CY2023Q4 legh Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
40969000
CY2022Q4 legh Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
39062000
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
7793000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6987000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
439000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
402000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
48375000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39508000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10495000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9402000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37880000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30106000
CY2023 us-gaap Depreciation
Depreciation
1663000
CY2022 us-gaap Depreciation
Depreciation
1137000
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
349000
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
349000
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
7000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
338000
CY2023Q4 us-gaap Foreclosed Assets
ForeclosedAssets
2215000
CY2022Q4 us-gaap Foreclosed Assets
ForeclosedAssets
795000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2571000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1482000
CY2023Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
12000
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
8412000
CY2023Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
0
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2910000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3049000
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
990000
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
753000
CY2023Q4 legh Accrued Payroll Liability Current
AccruedPayrollLiabilityCurrent
879000
CY2022Q4 legh Accrued Payroll Liability Current
AccruedPayrollLiabilityCurrent
1006000
CY2023Q4 legh Portfolio Taxes And Title
PortfolioTaxesAndTitle
2234000
CY2022Q4 legh Portfolio Taxes And Title
PortfolioTaxesAndTitle
1610000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1018000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
54000
CY2023Q4 legh Accrued Dealer Debates Current
AccruedDealerDebatesCurrent
1040000
CY2022Q4 legh Accrued Dealer Debates Current
AccruedDealerDebatesCurrent
1402000
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
190000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
61000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3759000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6699000
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
5484000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2261000
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
18504000
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
16895000
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
930000
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
225000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14375000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.208
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13763000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13092000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1037000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1222000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
14800000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
14314000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-445000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
51000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-79000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-524000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14375000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.015
CY2023 legh Effective Income Tax Rate Reconciliation Energy Efficient Credit Percent
EffectiveIncomeTaxRateReconciliationEnergyEfficientCreditPercent
0.011
CY2022 legh Effective Income Tax Rate Reconciliation Energy Efficient Credit Percent
EffectiveIncomeTaxRateReconciliationEnergyEfficientCreditPercent
0.050
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.208
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
983000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
439000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
231000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
204000
CY2023Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
124000
CY2022Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
76000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
8000
CY2023Q4 legh Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
19000
CY2022Q4 legh Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
15000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
199000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
256000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1556000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
998000
CY2023Q4 legh Deferred Tax Liabilities Installment Sale Revenue
DeferredTaxLiabilitiesInstallmentSaleRevenue
530000
CY2022Q4 legh Deferred Tax Liabilities Installment Sale Revenue
DeferredTaxLiabilitiesInstallmentSaleRevenue
674000
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2601000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2808000
CY2023Q4 legh Deferred Tax Liabilities Accrued Interest Receivable
DeferredTaxLiabilitiesAccruedInterestReceivable
742000
CY2022Q4 legh Deferred Tax Liabilities Accrued Interest Receivable
DeferredTaxLiabilitiesAccruedInterestReceivable
581000
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
21000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3894000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4063000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2338000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3065000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000.0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8700000
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
242000
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
149000
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2023 legh Operating Lease Rent Expense
OperatingLeaseRentExpense
645000
CY2022 legh Operating Lease Rent Expense
OperatingLeaseRentExpense
710000
CY2023 us-gaap Sublease Income
SubleaseIncome
245000
CY2022 us-gaap Sublease Income
SubleaseIncome
326000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
990000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
753000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54460000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67773000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24385190
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24357785
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25070626
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24742419
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.74
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001558370-24-003435-index-headers.html Edgar Link pending
0001558370-24-003435-index.html Edgar Link pending
0001558370-24-003435.txt Edgar Link pending
0001558370-24-003435-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
legh-20231231.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
legh-20231231x10k.htm Edgar Link pending
legh-20231231x10k001.jpg Edgar Link pending
legh-20231231x10k003.jpg Edgar Link pending
legh-20231231x10k005.jpg Edgar Link pending
legh-20231231x10k007.jpg Edgar Link pending
legh-20231231x10k010.jpg Edgar Link pending
legh-20231231x10k011.jpg Edgar Link pending
legh-20231231xex23d1.htm Edgar Link pending
legh-20231231xex23d2.htm Edgar Link pending
legh-20231231xex31d1.htm Edgar Link pending
legh-20231231xex31d2.htm Edgar Link pending
legh-20231231xex32d1.htm Edgar Link pending
legh-20231231xex32d2.htm Edgar Link pending
legh-20231231xex4d2.htm Edgar Link pending
legh-20231231xex97d1.htm Edgar Link pending
MetaLinks.json Edgar Link pending
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
legh-20231231_def.xml Edgar Link unprocessable
legh-20231231_lab.xml Edgar Link unprocessable
legh-20231231_pre.xml Edgar Link unprocessable
legh-20231231x10k_htm.xml Edgar Link completed
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
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
legh-20231231_cal.xml Edgar Link unprocessable