$LGIH
LGI Homes, Inc.

2020 Q1 Form 10-Q Financial Statement

#000158067020000048 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $454.7M $287.6M
YoY Change 58.11% 3.07%
Cost Of Revenue $348.2M $221.3M
YoY Change 57.33% 5.49%
Gross Profit $106.6M $66.30M
YoY Change 60.72% -4.27%
Gross Profit Margin 23.43% 23.05%
Selling, General & Admin $52.69M $45.23M
YoY Change 16.49% 17.82%
% of Gross Profit 49.44% 68.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $161.0K $165.0K
YoY Change -2.42% -8.33%
% of Gross Profit 0.15% 0.25%
Operating Expenses $52.69M $45.23M
YoY Change 16.49% 17.82%
Operating Profit $53.88M $21.08M
YoY Change 155.65% -31.73%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $1.000M $600.0K
YoY Change 66.67% 50.0%
Pretax Income $54.89M $21.69M
YoY Change 153.01% -30.53%
Income Tax $12.05M $3.360M
% Of Pretax Income 21.95% 15.49%
Net Earnings $42.84M $18.33M
YoY Change 133.66% -32.85%
Net Earnings / Revenue 9.42% 6.37%
Basic Earnings Per Share $1.69 $0.81
Diluted Earnings Per Share $1.67 $0.73
COMMON SHARES
Basic Shares Outstanding 25.32M shares 22.74M shares
Diluted Shares Outstanding 25.59M shares 25.09M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.2M $35.10M
YoY Change 236.75% -32.5%
Cash & Equivalents $118.2M $35.08M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.482B $1.291B
Prepaid Expenses
Receivables $45.00M $32.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.645B $1.358B
YoY Change 21.13% 21.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.888M $1.478M
YoY Change 27.74% -10.26%
Goodwill $12.02M $12.02M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.70M $44.80M
YoY Change -11.38% 73.64%
Total Long-Term Assets $74.04M $78.20M
YoY Change -5.32% 37.79%
TOTAL ASSETS
Total Short-Term Assets $1.645B $1.358B
Total Long-Term Assets $74.04M $78.20M
Total Assets $1.719B $1.436B
YoY Change 19.69% 22.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.10M $14.70M
YoY Change 29.93% -42.8%
Accrued Expenses $61.50M $49.20M
YoY Change 25.0% 32.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.2M $76.10M
YoY Change 31.67% 6.28%
LONG-TERM LIABILITIES
Long-Term Debt $744.4M $676.1M
YoY Change 10.1% 18.26%
Other Long-Term Liabilities $14.80M $7.100M
YoY Change 108.45% -17.44%
Total Long-Term Liabilities $759.2M $683.2M
YoY Change 11.12% 17.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.2M $76.10M
Total Long-Term Liabilities $759.2M $683.2M
Total Liabilities $859.4M $759.3M
YoY Change 13.19% 16.46%
SHAREHOLDERS EQUITY
Retained Earnings $653.2M $450.1M
YoY Change 45.13% 48.16%
Common Stock $266.0K $239.0K
YoY Change 11.3% 1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.39M $18.06M
YoY Change 173.54% 9.1%
Treasury Stock Shares 1.606M shares 1.039M shares
Shareholders Equity $859.6M $676.9M
YoY Change
Total Liabilities & Shareholders Equity $1.719B $1.436B
YoY Change 19.69% 22.66%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $42.84M $18.33M
YoY Change 133.66% -32.85%
Depreciation, Depletion And Amortization $161.0K $165.0K
YoY Change -2.42% -8.33%
Cash From Operating Activities $58.80M -$33.18M
YoY Change -277.23% -70.09%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$200.0K
YoY Change 100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$1.100M
YoY Change
Cash From Investing Activities -$1.542M -$211.0K
YoY Change 630.81% 37.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.50M -$649.0K
YoY Change -4799.85% -192.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $22.63M $21.85M
YoY Change 3.56% -77.13%
NET CHANGE
Cash From Operating Activities $58.80M -$33.18M
Cash From Investing Activities -$1.542M -$211.0K
Cash From Financing Activities $22.63M $21.85M
Net Change In Cash $79.89M -$11.54M
YoY Change -792.26% -25.77%
FREE CASH FLOW
Cash From Operating Activities $58.80M -$33.18M
Capital Expenditures -$400.0K -$200.0K
Free Cash Flow $59.20M -$32.98M
YoY Change -279.52% -70.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001580670
CY2020Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2020Q1 dei Amendment Flag
AmendmentFlag
false
CY2020Q1 dei Document Type
DocumentType
10-Q
CY2020Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q1 dei Entity File Number
EntityFileNumber
001-36126
CY2020Q1 dei Entity Registrant Name
EntityRegistrantName
LGI HOMES, INC.
CY2020Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2020Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-3088013
CY2020Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
1450 Lake Robbins Drive,
CY2020Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 430,
CY2020Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
The Woodlands,
CY2020Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2020Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77380
CY2020Q1 dei City Area Code
CityAreaCode
(281)
CY2020Q1 dei Local Phone Number
LocalPhoneNumber
362-8998
CY2020Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2020Q1 dei Trading Symbol
TradingSymbol
LGIH
CY2020Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2020Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2020Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25074446 shares
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118232000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38345000 USD
CY2020Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
45006000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
56390000 USD
CY2020Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1481833000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1499624000 USD
CY2020Q1 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
37448000 USD
CY2019Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
37244000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1888000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1632000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
20318000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
16241000 USD
CY2020Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2301000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
4621000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
12018000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
12018000 USD
CY2020Q1 us-gaap Assets
Assets
1719044000 USD
CY2019Q4 us-gaap Assets
Assets
1666115000 USD
CY2020Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
19066000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
12495000 USD
CY2020Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
95980000 USD
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
117868000 USD
CY2020Q1 us-gaap Notes Payable
NotesPayable
744393000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
690559000 USD
CY2020Q1 us-gaap Liabilities
Liabilities
859439000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
820922000 USD
CY2020Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26680474 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25074446 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26398409 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25359409 shares
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
266000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
264000 USD
CY2020Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
255509000 USD
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
252603000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
653221000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
610382000 USD
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1606028 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1039000 shares
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
49391000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
18056000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859605000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
845193000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1719044000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1666115000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2019Q1 us-gaap Revenues
Revenues
287594000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
348163000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
221290000 USD
CY2020Q1 us-gaap Selling Expense
SellingExpense
32763000 USD
CY2019Q1 us-gaap Selling Expense
SellingExpense
26791000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19923000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18438000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
53878000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
21075000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1011000 USD
CY2019Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
619000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54889000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21694000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12050000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3360000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
18334000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.67
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25323119 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22744726 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25592835 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25086183 shares
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
845193000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
222000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1853000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
833000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859605000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
655943000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
18334000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
217000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1783000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
649000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
676926000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
18334000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
161000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
165000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1853000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6571000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2320000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1650000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11385000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1112000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1783000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10849000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-17902000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
61254000 USD
CY2020Q1 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
204000 USD
CY2019Q1 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-2054000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2953000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5449000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-21071000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-13320000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58803000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-33178000 USD
CY2020Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
417000 USD
CY2019Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
211000 USD
CY2020Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1125000 USD
CY2019Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1542000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-211000 USD
CY2020Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
128128000 USD
CY2019Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
45000000 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
75000000 USD
CY2019Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
23800000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
833000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
649000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31335000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22626000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21849000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
79887000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11540000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38345000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46624000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118232000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35084000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2019Q1 us-gaap Revenues
Revenues
287594000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2019Q1 us-gaap Revenues
Revenues
287594000 USD
CY2020Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
916819000 USD
CY2019Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
912651000 USD
CY2020Q1 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
27837000 USD
CY2019Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
26959000 USD
CY2020Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
243390000 USD
CY2019Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
234470000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
12077000 USD
CY2020Q1 us-gaap Inventory Finished Homes
InventoryFinishedHomes
293787000 USD
CY2019Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
325544000 USD
CY2020Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1481833000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1499624000 USD
CY2020Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
19649000 USD
CY2019Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
28679000 USD
CY2020Q1 us-gaap Retention Payable
RetentionPayable
27223000 USD
CY2019Q4 us-gaap Retention Payable
RetentionPayable
26790000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
16748000 USD
CY2020Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5789000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
11361000 USD
CY2020Q1 lgih Inventory Related Obligations
InventoryRelatedObligations
7215000 USD
CY2019Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
7808000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5439000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5645000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3750000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3500000 USD
CY2020Q1 us-gaap Other Liabilities
OtherLiabilities
14838000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
17337000 USD
CY2020Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
95980000 USD
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
117868000 USD
CY2020Q1 lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3500000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2950000 USD
CY2020Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1420000 USD
CY2019Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1095000 USD
CY2020Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1170000 USD
CY2019Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1045000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3750000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3000000 USD
CY2020Q1 us-gaap Notes Payable
NotesPayable
744393000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
690559000 USD
CY2020Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
10156000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2020Q1 us-gaap Interest Paid
InterestPaid
15024000 USD
CY2019Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
11417000 USD
CY2020Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10156000 USD
CY2019Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
11417000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2019Q1 us-gaap Interest Paid
InterestPaid
14833000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
700000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1100000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
18400000 USD
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
200000 USD
CY2020Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
50000000.0 shares
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
567028 shares
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31300000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
606028 shares
CY2020Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
17200000 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
18334000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25323119 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22744726 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2043494 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
269716 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
297963 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25592835 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25086183 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.67
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26893 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35157 shares
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
1
CY2020Q1 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
34829000 USD
CY2019Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
35111000 USD
CY2020Q1 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
560730000 USD
CY2019Q4 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
539122000 USD
CY2020Q1 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
18855
CY2019Q4 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
16205
CY2020Q1 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
25100000 USD
CY2019Q4 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
26300000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5200000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5300000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5400000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5600000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
400000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
300000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0547 Rate
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
857000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1099000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
944000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
819000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
674000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2237000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6630000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1191000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5439000 USD
CY2020Q1 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
118500000 USD
CY2019Q4 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
108700000 USD
CY2020Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
2100000 USD
CY2019 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
1100000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
7 business
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 business
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
7 business
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 business
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2019Q1 us-gaap Revenues
Revenues
287594000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54889000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21694000 USD
CY2020Q1 us-gaap Assets
Assets
1719044000 USD
CY2019Q4 us-gaap Assets
Assets
1666115000 USD

Files In Submission

Name View Source Status
0001580670-20-000048-index-headers.html Edgar Link pending
0001580670-20-000048-index.html Edgar Link pending
0001580670-20-000048.txt Edgar Link pending
0001580670-20-000048-xbrl.zip Edgar Link pending
a033120ex311.htm Edgar Link pending
a033120ex312.htm Edgar Link pending
a033120ex321.htm Edgar Link pending
a033120ex322.htm Edgar Link pending
ex101secondsupplementa.htm Edgar Link pending
ex102secondamendwithan.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image01.jpg Edgar Link pending
lgih-20200331.htm Edgar Link pending
lgih-20200331.xsd Edgar Link pending
lgih-20200331_cal.xml Edgar Link unprocessable
lgih-20200331_def.xml Edgar Link unprocessable
lgih-20200331_htm.xml Edgar Link completed
lgih-20200331_lab.xml Edgar Link unprocessable
lgih-20200331_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
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
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