2020 Q4 Form 10-Q Financial Statement
#000158067020000085 Filed on November 03, 2020
Income Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q4 |
---|---|---|---|
Revenue | $897.4M | $534.2M | $605.6M |
YoY Change | 48.17% | 10.58% | 42.45% |
Cost Of Revenue | $654.1M | $399.0M | $463.4M |
YoY Change | 41.15% | 8.88% | 44.09% |
Gross Profit | $243.3M | $135.2M | $142.2M |
YoY Change | 71.1% | 15.93% | 37.33% |
Gross Profit Margin | 27.11% | 25.31% | 23.48% |
Selling, General & Admin | $77.80M | $57.79M | $58.20M |
YoY Change | 33.68% | 9.81% | 21.0% |
% of Gross Profit | 31.97% | 42.73% | 40.92% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $200.0K | $200.0K | $100.0K |
YoY Change | 100.0% | 0.0% | -50.0% |
% of Gross Profit | 0.08% | 0.15% | 0.07% |
Operating Expenses | $77.70M | $57.79M | $58.30M |
YoY Change | 33.28% | 9.81% | 21.21% |
Operating Profit | $165.6M | $77.44M | $83.91M |
YoY Change | 97.38% | 20.95% | 51.31% |
Interest Expense | $0.00 | ||
YoY Change | |||
% of Operating Profit | 0.0% | ||
Other Income/Expense, Net | $1.000M | $400.0K | $900.0K |
YoY Change | 11.11% | -42.86% | 12.5% |
Pretax Income | $166.5M | $77.82M | $84.87M |
YoY Change | 96.24% | 20.21% | 50.99% |
Income Tax | $30.10M | -$11.19M | $20.00M |
% Of Pretax Income | 18.07% | -14.38% | 23.57% |
Net Earnings | $136.4M | $89.00M | $64.87M |
YoY Change | 110.31% | 80.36% | 52.09% |
Net Earnings / Revenue | 15.2% | 16.66% | 10.71% |
Basic Earnings Per Share | $5.45 | $3.55 | $2.69 |
Diluted Earnings Per Share | $5.34 | $3.52 | $2.52 |
COMMON SHARES | |||
Basic Shares Outstanding | 25.10M shares | 25.09M shares | 22.95M shares |
Diluted Shares Outstanding | 25.26M shares |
Balance Sheet
Concept | 2020 Q4 | 2020 Q3 | 2019 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $35.90M | $46.30M | $38.30M |
YoY Change | -6.27% | 25.14% | -17.81% |
Cash & Equivalents | $35.94M | $46.34M | $38.35M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $1.570B | $1.549B | $1.500B |
Prepaid Expenses | |||
Receivables | $115.9M | $62.00M | $56.40M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.721B | $1.657B | $1.594B |
YoY Change | 7.97% | 6.0% | 20.99% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.618M | $2.284M | $1.632M |
YoY Change | 121.69% | 40.04% | 13.97% |
Goodwill | $12.02M | $12.02M | $12.02M |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $44.20M | $40.40M | $41.90M |
YoY Change | 5.49% | -5.83% | -13.61% |
Total Long-Term Assets | $104.8M | $106.0M | $71.82M |
YoY Change | 45.91% | 44.88% | -7.66% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.721B | $1.657B | $1.594B |
Total Long-Term Assets | $104.8M | $106.0M | $71.82M |
Total Assets | $1.826B | $1.763B | $1.666B |
YoY Change | 9.6% | 7.74% | 19.39% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $13.70M | $31.20M | $12.50M |
YoY Change | 9.6% | 7.59% | 35.87% |
Accrued Expenses | $84.50M | $82.50M | $71.90M |
YoY Change | 17.52% | 37.04% | 30.49% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $141.5M | $115.4M | $113.1M |
YoY Change | 25.11% | 18.97% | 50.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $538.4M | $618.7M | $690.6M |
YoY Change | -22.04% | -17.66% | 5.64% |
Other Long-Term Liabilities | $7.200M | $16.10M | $17.30M |
YoY Change | -58.38% | 50.47% | 63.21% |
Total Long-Term Liabilities | $545.6M | $634.8M | $707.9M |
YoY Change | -22.93% | -16.7% | 6.56% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $141.5M | $115.4M | $113.1M |
Total Long-Term Liabilities | $545.6M | $634.8M | $707.9M |
Total Liabilities | $687.1M | $750.2M | $820.9M |
YoY Change | -16.3% | -12.68% | 11.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $934.3M | $797.8M | $610.4M |
YoY Change | 53.06% | 46.26% | 41.37% |
Common Stock | $267.0K | $267.0K | $264.0K |
YoY Change | 1.14% | 11.25% | 11.39% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $66.14M | $49.39M | $18.06M |
YoY Change | 266.29% | 173.54% | 0.0% |
Treasury Stock Shares | 1.758M shares | 1.606M shares | 1.039M shares |
Shareholders Equity | $1.139B | $1.013B | $845.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.826B | $1.763B | $1.666B |
YoY Change | 9.6% | 7.74% | 19.39% |
Cashflow Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $136.4M | $89.00M | $64.87M |
YoY Change | 110.31% | 80.36% | 52.09% |
Depreciation, Depletion And Amortization | $200.0K | $200.0K | $100.0K |
YoY Change | 100.0% | 0.0% | -50.0% |
Cash From Operating Activities | $89.20M | -$33.10M | $62.30M |
YoY Change | 43.18% | -61.2% | -523.81% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.500M | -$600.0K | -$200.0K |
YoY Change | 650.0% | 200.0% | 100.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.900M | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$3.300M | -$600.0K | -$200.0K |
YoY Change | 1550.0% | -53.85% | -71.43% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -96.20M | 30.90M | -60.80M |
YoY Change | 58.22% | -64.11% | -352.28% |
NET CHANGE | |||
Cash From Operating Activities | 89.20M | -33.10M | 62.30M |
Cash From Investing Activities | -3.300M | -600.0K | -200.0K |
Cash From Financing Activities | -96.20M | 30.90M | -60.80M |
Net Change In Cash | -10.30M | -2.800M | 1.300M |
YoY Change | -892.31% | 460.0% | -85.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | $89.20M | -$33.10M | $62.30M |
Capital Expenditures | -$1.500M | -$600.0K | -$200.0K |
Free Cash Flow | $90.70M | -$32.50M | $62.50M |
YoY Change | 45.12% | -61.81% | -528.08% |
Facts In Submission
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0001580670 | ||
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--12-31 | ||
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2020 | ||
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Q3 | ||
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10-Q | ||
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2020-09-30 | ||
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001-36126 | ||
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LGI HOMES, INC. | ||
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DE | ||
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1450 Lake Robbins Drive, | ||
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Suite 430, | ||
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The Woodlands, | ||
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TX | ||
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4.97 | ||
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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 |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
55624000 | USD |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2613000 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
940000 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1012670000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
918782000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
89004000 | USD |
CY2020Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3926000 | USD |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
958000 | 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 |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
46055000 | USD |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1639000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
615000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
725235000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
49349000 | USD |
CY2019Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1759000 | USD |
CY2019Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
704000 | USD |
CY2019Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
777047000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
187467000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
113738000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
509000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
487000 | USD | |
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
0 | USD | |
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
169000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8392000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5181000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
832000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-2000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5627000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2594000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
48781000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
249921000 | USD | |
us-gaap |
Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
|
-2299000 | USD | |
us-gaap |
Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
|
-5615000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
33917000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-5655000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
18727000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
19763000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-15256000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-2254000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
112981000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-104159000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1161000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
541000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1125000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1059000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2286000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1600000 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
203056000 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
180067000 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
275000000 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
83800000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2155000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2067000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2729000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1965000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
31335000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-102705000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
96165000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7990000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9594000 | 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 |
CY2020Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46335000 | USD |
CY2019Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
37030000 | USD |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
534202000 | USD |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
483081000 | USD |
us-gaap |
Revenues
Revenues
|
1470531000 | USD | |
us-gaap |
Revenues
Revenues
|
1232505000 | USD | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
534202000 | USD |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
483081000 | USD |
us-gaap |
Revenues
Revenues
|
1470531000 | USD | |
us-gaap |
Revenues
Revenues
|
1232505000 | USD | |
CY2020Q3 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
866723000 | USD |
CY2020Q3 | us-gaap |
Inventory Operative Builders
InventoryOperativeBuilders
|
1548506000 | USD |
CY2019Q4 | us-gaap |
Inventory Operative Builders
InventoryOperativeBuilders
|
1499624000 | USD |
CY2019Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
912651000 | USD |
CY2020Q3 | us-gaap |
Inventory Operative Builders Other
InventoryOperativeBuildersOther
|
29718000 | USD |
CY2019Q4 | us-gaap |
Inventory Operative Builders Other
InventoryOperativeBuildersOther
|
26959000 | USD |
CY2020Q3 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
463968000 | USD |
CY2019Q4 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
234470000 | USD |
CY2020Q3 | us-gaap |
Inventory Finished Homes
InventoryFinishedHomes
|
188097000 | USD |
CY2019Q4 | us-gaap |
Inventory Finished Homes
InventoryFinishedHomes
|
325544000 | USD |
CY2020Q3 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
1650000 | USD |
CY2019Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
28679000 | USD |
CY2020Q3 | lgih |
Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
|
40492000 | USD |
CY2019Q4 | lgih |
Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
|
35870000 | USD |
CY2020Q3 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
21205000 | USD |
CY2019Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
16748000 | USD |
CY2020Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
5624000 | USD |
CY2019Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
11361000 | USD |
CY2020Q3 | lgih |
Inventory Related Obligations
InventoryRelatedObligations
|
5690000 | USD |
CY2019Q4 | lgih |
Inventory Related Obligations
InventoryRelatedObligations
|
7808000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5317000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5645000 | USD |
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
4150000 | USD |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3500000 | USD |
CY2020Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
8514000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2502000 | USD |
CY2020Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
7630000 | USD |
CY2019Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
5755000 | USD |
CY2020Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
100272000 | USD |
CY2019Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
117868000 | USD |
lgih |
Inventory Related Obligation Term
InventoryRelatedObligationTerm
|
P30Y | ||
CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3950000 | USD |
CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3050000 | USD |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3500000 | USD |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
2950000 | USD |
CY2020Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
1284000 | USD |
CY2019Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
1602000 | USD |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
4108000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3576000 | USD | |
CY2020Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1084000 | USD |
CY2019Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1452000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
3458000 | USD | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
3326000 | USD | |
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
4150000 | USD |
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3200000 | USD |
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
4150000 | USD |
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3200000 | USD |
CY2020Q3 | us-gaap |
Notes Payable
NotesPayable
|
618678000 | USD |
CY2019Q4 | us-gaap |
Notes Payable
NotesPayable
|
690559000 | USD |
CY2020Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
8885000 | USD |
CY2019Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
10600000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
28303000 | USD | |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
34125000 | USD | |
CY2020Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
8885000 | USD |
CY2019Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
10600000 | USD |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
28303000 | USD | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
34125000 | USD | |
CY2020Q3 | us-gaap |
Interest Expense
InterestExpense
|
0 | USD |
CY2019Q3 | us-gaap |
Interest Expense
InterestExpense
|
0 | USD |
us-gaap |
Interest Expense
InterestExpense
|
0 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
0 | USD | |
CY2020Q3 | us-gaap |
Interest Paid
InterestPaid
|
13122000 | USD |
CY2019Q3 | us-gaap |
Interest Paid
InterestPaid
|
14673000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
31822000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
35705000 | USD | |
CY2020Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
800000 | USD |
CY2019Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1100000 | USD |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2200000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3200000 | USD | |
CY2020Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.144 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.069 | ||
CY2020Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
29400000 | USD |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
32900000 | USD | |
CY2020Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
46600000 | USD |
CY2019Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
14700000 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
65500000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
36300000 | USD | |
CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2020Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
50000000.0 | shares |
CY2020Q3 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
567028 | shares | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
31300000 | USD | |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
606028 | shares | |
CY2020Q3 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
17200000 | shares |
us-gaap |
Net Income Loss
NetIncomeLoss
|
187467000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
113738000 | USD | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25089424 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22939907 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25162162 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22870948 | shares | |
CY2019Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2336017 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2223443 | shares | |
CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
167629 | shares |
CY2019Q3 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
246022 | shares |
us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
166393 | shares | |
us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
235070 | shares | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25257053 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25521946 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25328555 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25329461 | shares | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.55 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.15 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.45 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.97 | ||
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.52 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.93 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.40 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.49 | ||
CY2020Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
131 | shares |
CY2019Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
926 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1561 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3013 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
1 | ||
CY2020Q3 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
32493000 | USD |
CY2019Q4 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
35111000 | USD |
CY2020Q3 | lgih |
Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
|
663209000 | USD |
CY2019Q4 | lgih |
Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
|
539122000 | USD |
CY2020Q3 | lgih |
Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
|
24557 | |
CY2019Q4 | lgih |
Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
|
16205 | |
CY2020Q3 | lgih |
Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
|
21800000 | USD |
CY2019Q4 | lgih |
Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
|
26300000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
5000000.0 | USD |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
5300000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5300000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5600000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
400000 | USD |
CY2019Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
300000 | USD |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1200000 | USD | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
900000 | USD | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
700000 | USD | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
300000 | USD | |
CY2020Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0542 | |
CY2020Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y7M6D | |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
304000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1168000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1010000 | USD |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
77815000 | USD |
CY2020Q3 | lgih |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
2279000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6392000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1075000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5317000 | USD |
CY2020Q3 | lgih |
Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
|
120400000 | USD |
CY2019Q4 | lgih |
Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
|
108700000 | USD |
us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
2100000 | USD | |
us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
1100000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
7 | business | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
5 | business | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
7 | business | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
5 | business | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
534202000 | USD |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
483081000 | USD |
us-gaap |
Revenues
Revenues
|
1470531000 | USD | |
us-gaap |
Revenues
Revenues
|
1232505000 | USD | |
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
64732000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
201301000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
146961000 | USD | |
CY2020Q3 | us-gaap |
Assets
Assets
|
1762843000 | USD |
CY2019Q4 | us-gaap |
Assets
Assets
|
1666115000 | USD |