$LGIH
LGI Homes, Inc.

2018 Q4 Form 10-Q Financial Statement

#000158067018000064 Filed on November 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $425.2M $380.4M $405.0M
YoY Change 4.98% 3.96% 71.0%
Cost Of Revenue $321.6M $283.0M $306.3M
YoY Change 5.0% 3.3% 77.57%
Gross Profit $103.6M $97.33M $98.68M
YoY Change 4.95% 5.92% 53.4%
Gross Profit Margin 24.36% 25.59% 24.37%
Selling, General & Admin $48.10M $45.68M $43.90M
YoY Change 9.57% 10.22% 46.33%
% of Gross Profit 46.45% 46.94% 44.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $100.0K $200.0K
YoY Change 0.0% -50.0% 0.0%
% of Gross Profit 0.19% 0.1% 0.2%
Operating Expenses $48.10M $45.68M $43.90M
YoY Change 9.57% 10.22% 46.33%
Operating Profit $55.46M $51.65M $54.78M
YoY Change 1.24% 2.38% 59.57%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $800.0K $400.0K $300.0K
YoY Change 166.67% 0.0% -50.0%
Pretax Income $56.21M $48.99M $55.04M
YoY Change 2.12% -3.71% 57.5%
Income Tax $13.60M $11.27M $18.30M
% Of Pretax Income 24.2% 23.0% 33.25%
Net Earnings $42.65M $37.72M $35.64M
YoY Change 19.68% 11.98% 53.59%
Net Earnings / Revenue 10.03% 9.92% 8.8%
Basic Earnings Per Share $1.89 $1.66 $1.65
Diluted Earnings Per Share $1.72 $1.52 $1.43
COMMON SHARES
Basic Shares Outstanding 22.72M shares 22.66M shares 21.74M shares
Diluted Shares Outstanding 24.90M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.60M $38.00M $67.60M
YoY Change -31.07% -20.83% 36.57%
Cash & Equivalents $46.62M $37.97M $67.57M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.228B $1.188B $918.9M
Prepaid Expenses
Receivables $42.80M $31.40M $44.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.318B $1.257B $1.031B
YoY Change 27.78% 27.88% 31.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.432M $1.520M $1.674M
YoY Change -14.46% -18.37% -14.59%
Goodwill $12.02M $19.98M $12.02M
YoY Change 0.0% 66.24% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $48.50M $43.90M $20.80M
YoY Change 133.17% 169.33% 38.67%
Total Long-Term Assets $77.77M $76.39M $48.69M
YoY Change 59.72% 92.74% 61.16%
TOTAL ASSETS
Total Short-Term Assets $1.318B $1.257B $1.031B
Total Long-Term Assets $77.77M $76.39M $48.69M
Total Assets $1.395B $1.334B $1.080B
YoY Change 29.22% 30.39% 32.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.200M $17.90M $12.00M
YoY Change -23.33% -31.42% -2.44%
Accrued Expenses $55.10M $56.50M $43.90M
YoY Change 25.51% 22.83% 20.6%
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 $75.10M $78.50M $104.6M
YoY Change -28.2% -22.66% 94.79%
LONG-TERM LIABILITIES
Long-Term Debt $653.7M $627.7M $475.2M
YoY Change 37.56% 35.25% 18.65%
Other Long-Term Liabilities $10.60M $15.10M $10.20M
YoY Change 3.92% 41.12% 108.16%
Total Long-Term Liabilities $664.3M $642.8M $485.4M
YoY Change 36.86% 35.38% 19.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.10M $78.50M $104.6M
Total Long-Term Liabilities $664.3M $642.8M $485.4M
Total Liabilities $739.5M $721.4M $590.0M
YoY Change 25.33% 25.18% 28.46%
SHAREHOLDERS EQUITY
Retained Earnings $431.8M $389.1M $276.5M
YoY Change 56.16% 61.56% 69.44%
Common Stock $237.0K $237.0K $228.0K
YoY Change 3.95% 4.41% 2.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.06M $16.55M $16.55M
YoY Change 9.1% 0.0% 0.0%
Treasury Stock Shares 1.039M shares 1.000M shares 1.000M shares
Shareholders Equity $655.9M $612.4M $489.8M
YoY Change
Total Liabilities & Shareholders Equity $1.395B $1.334B $1.080B
YoY Change 29.22% 30.39% 32.58%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $42.65M $37.72M $35.64M
YoY Change 19.68% 11.98% 53.59%
Depreciation, Depletion And Amortization $200.0K $100.0K $200.0K
YoY Change 0.0% -50.0% 0.0%
Cash From Operating Activities -$14.70M -$6.300M $3.700M
YoY Change -497.3% 40.0% -108.98%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$700.0K -$73.80M
YoY Change
Cash From Investing Activities -$700.0K -$73.80M $0.00
YoY Change 36800.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.10M 69.20M 15.90M
YoY Change 51.57% 173.52% -64.67%
NET CHANGE
Cash From Operating Activities -14.70M -6.300M 3.700M
Cash From Investing Activities -700.0K -73.80M 0.000
Cash From Financing Activities 24.10M 69.20M 15.90M
Net Change In Cash 8.700M -10.90M 19.60M
YoY Change -55.61% -152.91% 429.73%
FREE CASH FLOW
Cash From Operating Activities -$14.70M -$6.300M $3.700M
Capital Expenditures -$100.0K $0.00 $0.00
Free Cash Flow -$14.60M -$6.300M $3.700M
YoY Change -494.59% 46.51% -109.0%

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
2018
dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001580670
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22717096 shares
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LGI Homes, Inc.
dei Entity Small Business
EntitySmallBusiness
false
CY2017Q3 lgih Atm Program Maximum Authorized Amount
ATMProgramMaximumAuthorizedAmount
25000000 USD
CY2018Q3 lgih Business Combination Numberof Homesunder Construction
BusinessCombinationNumberofHomesunderConstruction
200
CY2018Q3 lgih Business Combination Ownedand Controlled Lots
BusinessCombinationOwnedandControlledLots
4000
CY2018Q3 lgih Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherAssets
1360000 USD
CY2017Q4 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
460714000 USD
CY2018Q3 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
778264000 USD
lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6690000 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2017Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
12906000 USD
CY2018Q3 lgih Inventory Related Obligations
InventoryRelatedObligations
9714000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
77829000 USD
CY2018Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
4107000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49518000 USD
CY2017Q4 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
49700000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47968000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67571000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37969000 USD
CY2017Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
48733000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
5851000 USD
CY2018Q3 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
56000000 USD
CY2017Q4 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
18758
CY2018Q3 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
26836
lgih Paymentof Offering Costs
PaymentofOfferingCosts
69000 USD
lgih Paymentof Offering Costs
PaymentofOfferingCosts
76000 USD
CY2017Q4 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
8400000 USD
CY2018Q3 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
22300000 USD
CY2017Q3 lgih Stock Issued During Period Value New Issues Net
StockIssuedDuringPeriodValueNewIssuesNet
5100000 USD
lgih Stock Issued During Period Value New Issues Net
StockIssuedDuringPeriodValueNewIssuesNet
10000000 USD
CY2017Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
12020000 USD
CY2018Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
17891000 USD
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
44706000 USD
CY2018Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
31379000 USD
CY2017Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
102831000 USD
CY2018Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
75782000 USD
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
229680000 USD
CY2018Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
239611000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
181000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4172000 USD
CY2017Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000 USD
CY2018Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1300000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3500000 USD
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1873 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7801 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2245 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9744 shares
CY2017Q4 us-gaap Assets
Assets
1079892000 USD
CY2018Q3 us-gaap Assets
Assets
1333787000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
800000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
77800000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
77829000 USD
CY2017Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2450000 USD
CY2018Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2850000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
83680000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
7961000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
74359000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3058000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1550000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-29602000 USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22845580 shares
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23717153 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21845580 shares
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22717153 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
228000 USD
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
237000 USD
CY2017Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
274000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
631242000 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
283035000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
802882000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1928000 USD
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3858000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
600000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
543000 USD
CY2017Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
18866000 USD
CY2018Q3 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
40055000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.60
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.07
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.32
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.57
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212
CY2017Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
14462000 USD
CY2018Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
12811000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-6000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3599000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15431000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40376000 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17794000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51536000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
12018000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
19979000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50877000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
116361000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48991000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
142889000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17190000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38695000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11268000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30256000 USD
CY2017Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
16700000 USD
CY2018Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
12800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
76500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13794000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5871000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15661000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13327000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
42136000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-29394000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2353000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1784000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
3508000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
19938000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
183666000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
194387000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3858000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3347000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
344135 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
267270 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
259342 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
278010 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2037665 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1601450 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1978770 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2128854 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2100000 shares
CY2017Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
6526000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
17628000 USD
CY2018Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10823000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
26803000 USD
CY2017Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
6526000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
17628000 USD
CY2018Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
10823000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
26803000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Paid
InterestPaid
13272000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2017Q3 us-gaap Interest Paid
InterestPaid
4361000 USD
CY2018Q3 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
21796000 USD
CY2017Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
494552000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
10159000 USD
CY2017Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
918933000 USD
CY2018Q3 us-gaap Other Liabilities
OtherLiabilities
15149000 USD
CY2017Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
430000 USD
CY2018Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1187994000 USD
CY2017Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
18327000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1312000 USD
CY2018Q3 us-gaap Interest Paid
InterestPaid
4517000 USD
us-gaap Interest Paid
InterestPaid
17786000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2096000 USD
CY2018Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7607000 USD
CY2017Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
214395000 USD
CY2018Q3 us-gaap Inventory Finished Homes
InventoryFinishedHomes
276332000 USD
CY2017Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
191659000 USD
CY2018Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
242286000 USD
CY2018Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
647580000 USD
CY2017Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
17761000 USD
CY2018Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
38263000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
590046000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
721368000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1079892000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1333787000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
71125000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
146638000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-502000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74224000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-72173000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-102016000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
33687000 USD
us-gaap Net Income Loss
NetIncomeLoss
77666000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
37723000 USD
us-gaap Net Income Loss
NetIncomeLoss
112633000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
475195000 USD
CY2018Q3 us-gaap Notes Payable
NotesPayable
627695000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 business
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 business
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
50447000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
115049000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
51650000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
144682000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
14196000 USD
CY2018Q3 us-gaap Other Assets
OtherAssets
11033000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
73829000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
502000 USD
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
399000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1806000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
395000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4375000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11049000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2057000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
80000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
537717000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-480000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-132000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1600000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1850000 USD
CY2017Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2000000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2450000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2800000 USD
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2850000 USD
CY2017Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1840000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2789000 USD
CY2018Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1190000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2523000 USD
CY2017Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1990000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3189000 USD
CY2018Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1240000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2923000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1674000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1520000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
15000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
386238000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
276488000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
389121000 USD
CY2017Q4 us-gaap Retention Payable
RetentionPayable
12025000 USD
CY2018Q3 us-gaap Retention Payable
RetentionPayable
23544000 USD
CY2017Q3 us-gaap Revenues
Revenues
365896000 USD
us-gaap Revenues
Revenues
852985000 USD
CY2018Q3 us-gaap Revenues
Revenues
380369000 USD
us-gaap Revenues
Revenues
1079240000 USD
CY2017Q3 us-gaap Selling Expense
SellingExpense
26018000 USD
us-gaap Selling Expense
SellingExpense
66318000 USD
CY2018Q3 us-gaap Selling Expense
SellingExpense
27890000 USD
us-gaap Selling Expense
SellingExpense
80140000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2677000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4172000 USD
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
112798 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
267788 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
4000000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
-470000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2057000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
489846000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
612419000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24050385 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23413467 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24896569 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24642882 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21668585 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21544747 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22658457 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22236018 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3588000 USD

Files In Submission

Name View Source Status
0001580670-18-000064-index-headers.html Edgar Link pending
0001580670-18-000064-index.html Edgar Link pending
0001580670-18-000064.txt Edgar Link pending
0001580670-18-000064-xbrl.zip Edgar Link pending
a09301810q.htm Edgar Link pending
a093018ex311.htm Edgar Link pending
a093018ex312.htm Edgar Link pending
a093018ex321.htm Edgar Link pending
a093018ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lgih-20180930.xml Edgar Link completed
lgih-20180930.xsd Edgar Link pending
lgih-20180930_cal.xml Edgar Link unprocessable
lgih-20180930_def.xml Edgar Link unprocessable
lgih-20180930_lab.xml Edgar Link unprocessable
lgih-20180930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
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