$LGIH
LGI Homes, Inc.

2019 Q4 Form 10-K Financial Statement

#000158067021000020 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $605.6M $483.1M $461.8M
YoY Change 42.45% 27.0% 10.0%
Cost Of Revenue $463.4M $366.4M $350.5M
YoY Change 44.09% 29.46% 13.04%
Gross Profit $142.2M $116.7M $111.3M
YoY Change 37.33% 19.85% 1.41%
Gross Profit Margin 23.48% 24.15% 24.1%
Selling, General & Admin $58.20M $52.63M $52.87M
YoY Change 21.0% 15.19% 11.06%
% of Gross Profit 40.92% 45.11% 47.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $200.0K $100.0K
YoY Change -50.0% 100.0% -50.0%
% of Gross Profit 0.07% 0.17% 0.09%
Operating Expenses $58.30M $52.63M $52.87M
YoY Change 21.21% 15.19% 11.06%
Operating Profit $83.91M $64.03M $58.44M
YoY Change 51.31% 23.96% -5.99%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $900.0K $700.0K $2.300M
YoY Change 12.5% 75.0% 360.0%
Pretax Income $84.87M $64.73M $60.54M
YoY Change 50.99% 32.13% -3.41%
Income Tax $20.00M $15.38M $14.48M
% Of Pretax Income 23.57% 23.76% 23.92%
Net Earnings $64.87M $49.35M $46.06M
YoY Change 52.09% 30.82% -3.26%
Net Earnings / Revenue 10.71% 10.22% 9.97%
Basic Earnings Per Share $2.69 $2.15 $2.01
Diluted Earnings Per Share $2.52 $1.93 $1.82
COMMON SHARES
Basic Shares Outstanding 22.95M shares 22.94M shares 22.93M shares
Diluted Shares Outstanding 25.52M shares 25.36M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.30M $37.00M $37.60M
YoY Change -17.81% -2.63% -23.11%
Cash & Equivalents $38.35M $37.03M $37.56M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.500B $1.481B $1.329B
Prepaid Expenses
Receivables $56.40M $45.40M $43.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.594B $1.563B $1.410B
YoY Change 20.99% 24.3% 23.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.632M $1.631M $1.429M
YoY Change 13.97% 7.3% -14.69%
Goodwill $12.02M $12.02M $12.02M
YoY Change 0.0% -39.85% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.90M $42.90M $48.00M
YoY Change -13.61% -2.28% 51.42%
Total Long-Term Assets $71.82M $73.19M $76.56M
YoY Change -7.66% -4.18% 35.22%
TOTAL ASSETS
Total Short-Term Assets $1.594B $1.563B $1.410B
Total Long-Term Assets $71.82M $73.19M $76.56M
Total Assets $1.666B $1.636B $1.486B
YoY Change 19.39% 22.67% 23.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.50M $29.00M $22.60M
YoY Change 35.87% 62.01% 13.57%
Accrued Expenses $71.90M $60.20M $56.10M
YoY Change 30.49% 6.55% 32.31%
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 $113.1M $97.00M $85.10M
YoY Change 50.6% 23.57% 28.55%
LONG-TERM LIABILITIES
Long-Term Debt $690.6M $751.4M $664.9M
YoY Change 5.64% 19.71% 19.91%
Other Long-Term Liabilities $17.30M $10.70M $10.80M
YoY Change 63.21% -29.14% 2.86%
Total Long-Term Liabilities $707.9M $762.1M $675.7M
YoY Change 6.56% 18.56% 19.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.1M $97.00M $85.10M
Total Long-Term Liabilities $707.9M $762.1M $675.7M
Total Liabilities $820.9M $859.1M $760.8M
YoY Change 11.01% 19.1% 20.53%
SHAREHOLDERS EQUITY
Retained Earnings $610.4M $545.5M $496.2M
YoY Change 41.37% 40.19% 41.2%
Common Stock $264.0K $240.0K $240.0K
YoY Change 11.39% 1.27% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.06M $18.06M $18.06M
YoY Change 0.0% 9.1% 9.1%
Treasury Stock Shares 1.039M shares 1.039M shares 1.039M shares
Shareholders Equity $845.2M $777.0M $725.2M
YoY Change
Total Liabilities & Shareholders Equity $1.666B $1.636B $1.486B
YoY Change 19.39% 22.67% 23.85%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $64.87M $49.35M $46.06M
YoY Change 52.09% 30.82% -3.26%
Depreciation, Depletion And Amortization $100.0K $200.0K $100.0K
YoY Change -50.0% 100.0% -50.0%
Cash From Operating Activities $62.30M -$85.30M $14.30M
YoY Change -523.81% 1253.97% -5.92%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$200.0K -$100.0K
YoY Change 100.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.100M
YoY Change -100.0% -98.51%
Cash From Investing Activities -$200.0K -$1.300M -$100.0K
YoY Change -71.43% -98.24% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.80M 86.10M -11.70M
YoY Change -352.28% 24.42% -35.36%
NET CHANGE
Cash From Operating Activities 62.30M -85.30M 14.30M
Cash From Investing Activities -200.0K -1.300M -100.0K
Cash From Financing Activities -60.80M 86.10M -11.70M
Net Change In Cash 1.300M -500.0K 2.500M
YoY Change -85.06% -95.41% -180.65%
FREE CASH FLOW
Cash From Operating Activities $62.30M -$85.30M $14.30M
Capital Expenditures -$200.0K -$200.0K -$100.0K
Free Cash Flow $62.50M -$85.10M $14.40M
YoY Change -528.08% 1250.79% -6.49%

Facts In Submission

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IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
35117000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-25703000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
202158000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-41934000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-116723000 USD
CY2020 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2692000 USD
CY2019 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
734000 USD
CY2018 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
475000 USD
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2956000 USD
CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1059000 USD
CY2018 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2019 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
74463000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5648000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1793000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74938000 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
377064000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
309308000 USD
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
612717000 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
530000000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
273762000 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
436238000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2155000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2984000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6741000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4259000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2886000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2690000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
48081000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1506000 USD
CY2020 lgih Payments For Offering Costs
PaymentsForOfferingCosts
0 USD
CY2019 lgih Payments For Offering Costs
PaymentsForOfferingCosts
0 USD
CY2018 lgih Payments For Offering Costs
PaymentsForOfferingCosts
76000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-132000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-198913000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35448000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
170714000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2403000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8279000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20947000 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
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67571000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35942000 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
CY2018Q3 lgih Business Combination Ownedand Controlled Lots
BusinessCombinationOwnedandControlledLots
4000
CY2018Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
78500000 USD
CY2018Q3 lgih Business Combination Numberof Homesunder Construction
BusinessCombinationNumberofHomesunderConstruction
200
CY2018Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
74500000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
4000000.0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results </span></div>could differ from those estimates, and these differences could have a significant impact on the financial statements. The significant accounting estimates include real estate inventory and cost of sales, impairment of real estate inventory and property and equipment, warranty reserves, loss contingencies, incentive compensation expense, and income taxes.
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6500000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7800000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
12000000.0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1569489000 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
10700000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
20200000 USD
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
17600000 USD
CY2020 us-gaap Revenues
Revenues
2367929000 USD
CY2019 us-gaap Revenues
Revenues
1838154000 USD
CY2018 us-gaap Revenues
Revenues
1504400000 USD
CY2020 us-gaap Revenues
Revenues
2367929000 USD
CY2019 us-gaap Revenues
Revenues
1838154000 USD
CY2018 us-gaap Revenues
Revenues
1504400000 USD
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
981838000 USD
CY2019Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
912651000 USD
CY2020Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
30201000 USD
CY2019Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
26959000 USD
CY2020Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
337364000 USD
CY2019Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
234470000 USD
CY2020Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
220086000 USD
CY2019Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
325544000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1499624000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8416000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5724000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4798000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4092000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3618000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1632000 USD
CY2020 us-gaap Depreciation
Depreciation
700000 USD
CY2019 us-gaap Depreciation
Depreciation
600000 USD
CY2018 us-gaap Depreciation
Depreciation
700000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5350000 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
26181000 USD
CY2019Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
28679000 USD
CY2020Q4 us-gaap Retention Payable
RetentionPayable
29938000 USD
CY2019Q4 us-gaap Retention Payable
RetentionPayable
35870000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
28579000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
16748000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10853000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
11361000 USD
CY2020Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
4515000 USD
CY2019Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
7808000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5287000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5645000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3500000 USD
CY2020Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
17151000 USD
CY2019Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
2502000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
7154000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
5755000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
135008000 USD
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
117868000 USD
CY2020 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
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2450000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7040000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5286000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4438000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5190000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2950000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4736000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3938000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5350000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3500000 USD
CY2020Q4 lgih Letters Of Credit Sublimit Maximum
LettersOfCreditSublimitMaximum
40000000.0 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
538398000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
690559000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
300000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
32061000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
214560000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
546621000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1438000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6785000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
538398000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
37285000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
45555000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
38216000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
37285000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
45555000 USD
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
38216000 USD
CY2020 us-gaap Interest Expense
InterestExpense
0 USD
CY2019 us-gaap Interest Expense
InterestExpense
0 USD
CY2018 us-gaap Interest Expense
InterestExpense
0 USD
CY2020 us-gaap Interest Paid
InterestPaid
34924000 USD
CY2019 us-gaap Interest Paid
InterestPaid
42438000 USD
CY2018 us-gaap Interest Paid
InterestPaid
23376000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2900000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4100000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4600000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
35207000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
47886000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7169000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
39053000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11112000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5483000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
46319000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
55055000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
44536000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2136000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1637000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-663000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-229000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-194000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-61000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2365000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1831000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-724000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43954000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53224000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43812000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
68400000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
38000000.0 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
83300000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
77248000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
48685000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
41816000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8530000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5497000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4263000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-994000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.003
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1749000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.008
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-3107000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.015
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
439000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.001
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
771000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
850000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-78000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
20000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.119
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-10000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2020 lgih Federal Energy Effecient Homes Tax Credits
FederalEnergyEffecientHomesTaxCredits
11488000 USD
CY2020 lgih Federal Efficient Homes Tax Credits Percent
FederalEfficientHomesTaxCreditsPercent
0.031
CY2019 lgih Federal Energy Effecient Homes Tax Credits
FederalEnergyEffecientHomesTaxCredits
0 USD
CY2019 lgih Federal Efficient Homes Tax Credits Percent
FederalEfficientHomesTaxCreditsPercent
0
CY2018 lgih Federal Energy Effecient Homes Tax Credits
FederalEnergyEffecientHomesTaxCredits
0 USD
CY2018 lgih Federal Efficient Homes Tax Credits Percent
FederalEfficientHomesTaxCreditsPercent
0
CY2020 lgih Retroactive Federal Energy Efficient Homes Tax Credits
RetroactiveFederalEnergyEfficientHomesTaxCredits
29703000 USD
CY2020 lgih Retroactive Federal Energy Efficient Homes Tax Credits Percent
RetroactiveFederalEnergyEfficientHomesTaxCreditsPercent
0.081
CY2019 lgih Retroactive Federal Energy Efficient Homes Tax Credits
RetroactiveFederalEnergyEfficientHomesTaxCredits
0 USD
CY2019 lgih Retroactive Federal Energy Efficient Homes Tax Credits Percent
RetroactiveFederalEnergyEfficientHomesTaxCreditsPercent
0
CY2018 lgih Retroactive Federal Energy Efficient Homes Tax Credits
RetroactiveFederalEnergyEfficientHomesTaxCredits
0 USD
CY2018 lgih Retroactive Federal Energy Efficient Homes Tax Credits Percent
RetroactiveFederalEnergyEfficientHomesTaxCreditsPercent
0
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43954000 USD
CY2020 lgih Extension Of Federal Energy Efficient Homes Tax Credits
ExtensionOfFederalEnergyEfficientHomesTaxCredits
41200000 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
CY2019 us-gaap Income Tax Expense Benefit
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