$LGIH
LGI Homes, Inc.

2016 Q4 Form 10-Q Financial Statement

#000158067016000239 Filed on November 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $236.8M $216.3M $174.0M
YoY Change 33.98% 24.34% 88.03%
Cost Of Revenue $172.5M $159.5M $127.9M
YoY Change 32.79% 24.65% 90.24%
Gross Profit $64.33M $56.82M $46.01M
YoY Change 37.19% 23.51% 82.13%
Gross Profit Margin 27.16% 26.27% 26.45%
Selling, General & Admin $30.00M $27.72M $22.96M
YoY Change 29.31% 20.75% 49.53%
% of Gross Profit 46.64% 48.79% 49.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $300.0K $200.0K
YoY Change -33.33% 50.0% 100.0%
% of Gross Profit 0.31% 0.53% 0.43%
Operating Expenses $30.00M $27.72M $22.96M
YoY Change 29.31% 20.75% 49.53%
Operating Profit $34.33M $29.10M $23.05M
YoY Change 44.91% 26.25% 132.67%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $600.0K $400.0K $200.0K
YoY Change 50.0% 100.0% -66.67%
Pretax Income $34.95M $29.49M $23.22M
YoY Change 45.06% 26.99% 120.44%
Income Tax $11.70M $10.02M $7.801M
% Of Pretax Income 33.48% 33.98% 33.59%
Net Earnings $23.21M $19.47M $15.42M
YoY Change 47.51% 26.25%
Net Earnings / Revenue 9.8% 9.0% 8.86%
Basic Earnings Per Share $1.09 $0.92 $0.77
Diluted Earnings Per Share $1.01 $0.86 $0.76
COMMON SHARES
Basic Shares Outstanding 21.28M shares 21.06M shares 19.92M shares
Diluted Shares Outstanding 22.67M shares 20.32M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.50M $45.90M $36.50M
YoY Change 31.65% 25.75% -21.0%
Cash & Equivalents $49.52M $45.92M $36.47M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $717.7M $676.9M $460.5M
Prepaid Expenses
Receivables $17.10M $15.60M $15.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $784.3M $738.4M $512.8M
YoY Change 33.82% 43.99% 47.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.960M $2.037M $2.052M
YoY Change -7.02% -0.73% 49.45%
Goodwill $12.02M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M $11.50M $7.900M
YoY Change 114.29% 45.57% -40.15%
Total Long-Term Assets $30.21M $30.21M $34.17M
YoY Change -7.32% -11.57% 7.43%
TOTAL ASSETS
Total Short-Term Assets $784.3M $738.4M $512.8M
Total Long-Term Assets $30.21M $30.21M $34.17M
Total Assets $814.5M $768.6M $547.0M
YoY Change 31.65% 40.52% 44.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.30M $18.60M $28.90M
YoY Change -48.75% -35.64% 87.66%
Accrued Expenses $36.40M $37.00M $24.50M
YoY Change 18.57% 51.02% 329.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.70M $75.80M $65.70M
YoY Change -11.82% 15.37% 194.62%
LONG-TERM LIABILITIES
Long-Term Debt $400.5M $354.9M $247.8M
YoY Change 31.48% 43.22% 54.68%
Other Long-Term Liabilities $4.900M $5.600M $7.800M
YoY Change 58.06% -28.21% -28.44%
Total Long-Term Liabilities $405.4M $360.5M $255.6M
YoY Change 31.75% 41.04% 49.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.70M $75.80M $65.70M
Total Long-Term Liabilities $405.4M $360.5M $255.6M
Total Liabilities $459.3M $438.1M $322.7M
YoY Change 23.7% 35.73% 66.89%
SHAREHOLDERS EQUITY
Retained Earnings $163.2M $140.0M $72.42M
YoY Change 85.12% 93.29% 160.63%
Common Stock $223.0K $223.0K $210.0K
YoY Change 4.69% 6.19% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.55M $16.55M $16.55M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.000M shares 1.000M shares 1.000M shares
Shareholders Equity $355.2M $330.6M $224.2M
YoY Change
Total Liabilities & Shareholders Equity $814.5M $768.6M $547.0M
YoY Change 31.65% 40.52% 44.05%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $23.21M $19.47M $15.42M
YoY Change 47.51% 26.25%
Depreciation, Depletion And Amortization $200.0K $300.0K $200.0K
YoY Change -33.33% 50.0% 100.0%
Cash From Operating Activities -$41.20M -$32.50M -$22.60M
YoY Change -36.42% 43.81% -63.61%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$200.0K -$500.0K
YoY Change -50.0% -60.0% 66.67%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$100.0K -$200.0K -$500.0K
YoY Change -50.0% -60.0% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.00M 29.00M 9.700M
YoY Change -32.02% 198.97% -85.24%
NET CHANGE
Cash From Operating Activities -41.20M -32.50M -22.60M
Cash From Investing Activities -100.0K -200.0K -500.0K
Cash From Financing Activities 45.00M 29.00M 9.700M
Net Change In Cash 3.700M -3.700M -13.40M
YoY Change 208.33% -72.39% -506.06%
FREE CASH FLOW
Cash From Operating Activities -$41.20M -$32.50M -$22.60M
Capital Expenditures -$100.0K -$200.0K -$500.0K
Free Cash Flow -$41.10M -$32.30M -$22.10M
YoY Change -36.38% 46.15% -64.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Entity Central Index Key
EntityCentralIndexKey
0001580670
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21270389 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22282514 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20270389 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21282514 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 business
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 business
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
dei Entity Registrant Name
EntityRegistrantName
LGI HOMES, INC.
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21282514 shares
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45915000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37568000 USD
CY2016Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
15641000 USD
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
17325000 USD
CY2016Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
676917000 USD
CY2015Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
531228000 USD
CY2016Q3 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
11450000 USD
CY2015Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
7001000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
159483000 USD
CY2015Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
127949000 USD
CY2016Q3 us-gaap Assets
Assets
768612000 USD
CY2015Q4 us-gaap Assets
Assets
618702000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
444205000 USD
CY2016Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
18572000 USD
CY2015Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
24020000 USD
CY2016Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
62779000 USD
CY2015Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
40006000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1774000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
333430000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2037000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2108000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
4603000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
11238000 USD
CY2016Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12049000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12234000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2726000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
354932000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
304561000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
438057000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
371313000 USD
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
223000 USD
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
213000 USD
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
206905000 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
175575000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
139977000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
88151000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
330555000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
247389000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
768612000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
618702000 USD
CY2016Q3 us-gaap Revenues
Revenues
216304000 USD
CY2015Q3 us-gaap Revenues
Revenues
173956000 USD
us-gaap Revenues
Revenues
601490000 USD
us-gaap Revenues
Revenues
453472000 USD
CY2016Q3 us-gaap Selling Expense
SellingExpense
17007000 USD
CY2015Q3 us-gaap Selling Expense
SellingExpense
14057000 USD
us-gaap Selling Expense
SellingExpense
48965000 USD
us-gaap Selling Expense
SellingExpense
39032000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10715000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8902000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31155000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25050000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
29099000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23048000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
77165000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55960000 USD
CY2016Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
389000 USD
CY2015Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
173000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1560000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
228000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29488000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23221000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
78725000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56188000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10021000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7801000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26899000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19089000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
19467000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
15420000 USD
us-gaap Net Income Loss
NetIncomeLoss
51826000 USD
us-gaap Net Income Loss
NetIncomeLoss
37099000 USD
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.72
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21061874 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19923079 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20633200 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19894859 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22674021 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20318537 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21654284 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21665289 shares
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
247389000 USD
us-gaap Net Income Loss
NetIncomeLoss
51826000 USD
us-gaap Net Income Loss
NetIncomeLoss
51826000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28477000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
138000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2360000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
365000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
330555000 USD
us-gaap Net Income Loss
NetIncomeLoss
51826000 USD
us-gaap Net Income Loss
NetIncomeLoss
37099000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
872000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
647000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
24000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-25000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2360000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1644000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
952000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1207000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1684000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8458000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
143055000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
85399000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
4449000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-1999000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6477000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2310000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5494000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13373000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
23792000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
18235000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-66963000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24352000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
571000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
892000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-571000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-892000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
90000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
185382000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
40000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
154786000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3600000 USD
CY2016Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
424831000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2411000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1839000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29157000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2768000 USD
lgih Paymentof Offering Costs
PaymentofOfferingCosts
181000 USD
lgih Paymentof Offering Costs
PaymentofOfferingCosts
313000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-708000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-848000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
24000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-25000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
75881000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30339000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8347000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5095000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37568000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31370000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45915000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36465000 USD
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
320320000 USD
CY2016Q3 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
11179000 USD
CY2015Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
8083000 USD
CY2016Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
146050000 USD
CY2015Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
109451000 USD
CY2016Q3 us-gaap Inventory Finished Homes
InventoryFinishedHomes
94857000 USD
CY2015Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
93374000 USD
CY2016Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
676917000 USD
CY2015Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
531228000 USD
CY2016Q3 lgih Inventory Related Obligations
InventoryRelatedObligations
17240000 USD
CY2015Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
17389000 USD
CY2016Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
20236000 USD
CY2015Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
6205000 USD
CY2016Q3 us-gaap Retention Payable
RetentionPayable
7751000 USD
CY2015Q4 us-gaap Retention Payable
RetentionPayable
3748000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
7505000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
5573000 USD
CY2016Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
653000 USD
CY2015Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1425000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1425000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1325000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2389000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1249000 USD
CY2016Q3 us-gaap Other Liabilities
OtherLiabilities
5580000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
3092000 USD
CY2016Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
62779000 USD
CY2015Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
40006000 USD
lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y0M0D
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1375000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1000000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1325000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
900000 USD
CY2016Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
773000 USD
CY2015Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
656000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2229000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1697000 USD
CY2016Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
723000 USD
CY2015Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
556000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2129000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1497000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1425000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1100000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1425000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1100000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
354932000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
304561000 USD
CY2016Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
4547000 USD
CY2015Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
3468000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
13499000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
10347000 USD
CY2016Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4547000 USD
CY2015Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3468000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13499000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10347000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
0 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2016Q3 us-gaap Interest Paid
InterestPaid
2784000 USD
CY2015Q3 us-gaap Interest Paid
InterestPaid
1554000 USD
us-gaap Interest Paid
InterestPaid
9477000 USD
us-gaap Interest Paid
InterestPaid
6193000 USD
CY2016Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
800000 USD
CY2015Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
900000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2800000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000.0 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.342
CY2016Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
900000 USD
CY2015Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
1800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
13800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
10200000 USD
lgih Shelf Registration Maximum Offering Price
ShelfRegistrationMaximumOfferingPrice
300000000.0 USD
CY2016Q3 lgih Atm Program Maximum Authorized Amount
ATMProgramMaximumAuthorizedAmount
25000000.0 USD
CY2016Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
250000 shares
CY2016Q3 lgih Stock Issued During Period Value New Issues Net
StockIssuedDuringPeriodValueNewIssuesNet
9000000.0 USD
CY2016Q3 lgih Atm Program Remaining Authorized Amount
ATMProgramRemainingAuthorizedAmount
15800000 USD
CY2016Q2 lgih Atm Program Maximum Authorized Amount
ATMProgramMaximumAuthorizedAmount
30000000.0 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
743554 shares
lgih Stock Issued During Period Value New Issues Net
StockIssuedDuringPeriodValueNewIssuesNet
19800000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1089314 shares
lgih Stock Issued During Period Value New Issues Net
StockIssuedDuringPeriodValueNewIssuesNet
29400000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
19467000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
15420000 USD
us-gaap Net Income Loss
NetIncomeLoss
51826000 USD
us-gaap Net Income Loss
NetIncomeLoss
37099000 USD
CY2016Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2015Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
190000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19467000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15420000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51826000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
37289000 USD
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21061874 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19923079 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20633200 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19894859 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1540053 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
346625 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
968596 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1736585 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
72094 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
48833 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
52488 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
33845 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22674021 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20318537 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21654284 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21665289 shares
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.72
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
234 shares
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
970 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2098 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4300 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2016Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
10439000 USD
CY2015Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
6406000 USD
CY2016Q3 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
251098000 USD
CY2015Q4 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
155548000 USD
CY2016Q3 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
11088
CY2015Q4 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
6318
CY2016Q3 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
3900000 USD
CY2016Q3 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
26700000 USD
CY2015Q4 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
20800000 USD

Files In Submission

Name View Source Status
0001580670-16-000239-index-headers.html Edgar Link pending
0001580670-16-000239-index.html Edgar Link pending
0001580670-16-000239.txt Edgar Link pending
0001580670-16-000239-xbrl.zip Edgar Link pending
a09301610q.htm Edgar Link pending
a09301610q_htm.xml Edgar Link completed
a093016ex311.htm Edgar Link pending
a093016ex312.htm Edgar Link pending
a093016ex321.htm Edgar Link pending
a093016ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lgih-20160930.xsd Edgar Link pending
lgih-20160930_cal.xml Edgar Link unprocessable
lgih-20160930_def.xml Edgar Link unprocessable
lgih-20160930_lab.xml Edgar Link unprocessable
lgih-20160930_pre.xml Edgar Link unprocessable
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
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
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending