$LGIH
LGI Homes, Inc.

2021 Q1 Form 10-Q Financial Statement

#000158067021000058 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $706.0M $454.7M
YoY Change 55.25% 58.11%
Cost Of Revenue $516.0M $348.2M
YoY Change 48.21% 57.33%
Gross Profit $189.9M $106.6M
YoY Change 78.25% 60.72%
Gross Profit Margin 26.91% 23.43%
Selling, General & Admin $67.51M $52.69M
YoY Change 28.13% 16.49%
% of Gross Profit 35.54% 49.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $288.0K $161.0K
YoY Change 78.88% -2.42%
% of Gross Profit 0.15% 0.15%
Operating Expenses $67.51M $52.69M
YoY Change 28.13% 16.49%
Operating Profit $122.4M $53.88M
YoY Change 127.26% 155.65%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $800.0K $1.000M
YoY Change -20.0% 66.67%
Pretax Income $123.3M $54.89M
YoY Change 124.59% 153.01%
Income Tax $23.62M $12.05M
% Of Pretax Income 19.16% 21.95%
Net Earnings $99.66M $42.84M
YoY Change 132.63% 133.66%
Net Earnings / Revenue 14.12% 9.42%
Basic Earnings Per Share $3.99 $1.69
Diluted Earnings Per Share $3.95 $1.67
COMMON SHARES
Basic Shares Outstanding 24.95M shares 25.32M shares
Diluted Shares Outstanding 25.22M shares 25.59M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.20M $118.2M
YoY Change -59.22% 236.75%
Cash & Equivalents $48.16M $118.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.610B $1.482B
Prepaid Expenses
Receivables $59.20M $45.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.717B $1.645B
YoY Change 4.38% 21.13%
LONG-TERM ASSETS
Property, Plant & Equipment $6.160M $1.888M
YoY Change 226.27% 27.74%
Goodwill $12.02M $12.02M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.80M $39.70M
YoY Change 7.81% -11.38%
Total Long-Term Assets $108.4M $74.04M
YoY Change 46.38% -5.32%
TOTAL ASSETS
Total Short-Term Assets $1.717B $1.645B
Total Long-Term Assets $108.4M $74.04M
Total Assets $1.825B $1.719B
YoY Change 6.19% 19.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.60M $19.10M
YoY Change 117.8% 29.93%
Accrued Expenses $70.20M $61.50M
YoY Change 14.15% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $184.6M $100.2M
YoY Change 84.23% 31.67%
LONG-TERM LIABILITIES
Long-Term Debt $413.9M $744.4M
YoY Change -44.4% 10.1%
Other Long-Term Liabilities $8.400M $14.80M
YoY Change -43.24% 108.45%
Total Long-Term Liabilities $422.3M $759.2M
YoY Change -44.38% 11.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $184.6M $100.2M
Total Long-Term Liabilities $422.3M $759.2M
Total Liabilities $606.8M $859.4M
YoY Change -29.39% 13.19%
SHAREHOLDERS EQUITY
Retained Earnings $1.034B $653.2M
YoY Change 58.28% 45.13%
Common Stock $269.0K $266.0K
YoY Change 1.13% 11.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $91.96M $49.39M
YoY Change 86.2% 173.54%
Treasury Stock Shares 1.974M shares 1.606M shares
Shareholders Equity $1.219B $859.6M
YoY Change
Total Liabilities & Shareholders Equity $1.825B $1.719B
YoY Change 6.19% 19.69%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $99.66M $42.84M
YoY Change 132.63% 133.66%
Depreciation, Depletion And Amortization $288.0K $161.0K
YoY Change 78.88% -2.42%
Cash From Operating Activities $160.7M $58.80M
YoY Change 173.26% -277.23%
INVESTING ACTIVITIES
Capital Expenditures -$1.300M -$400.0K
YoY Change 225.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities $1.700M -$1.100M
YoY Change -254.55%
Cash From Investing Activities $404.0K -$1.542M
YoY Change -126.2% 630.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.72M $30.50M
YoY Change -22.24% -4799.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$148.9M $22.63M
YoY Change -757.98% 3.56%
NET CHANGE
Cash From Operating Activities $160.7M $58.80M
Cash From Investing Activities $404.0K -$1.542M
Cash From Financing Activities -$148.9M $22.63M
Net Change In Cash $12.22M $79.89M
YoY Change -84.71% -792.26%
FREE CASH FLOW
Cash From Operating Activities $160.7M $58.80M
Capital Expenditures -$1.300M -$400.0K
Free Cash Flow $162.0M $59.20M
YoY Change 173.61% -279.52%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001580670
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Entity File Number
EntityFileNumber
001-36126
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
LGI HOMES, INC.
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-3088013
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
1450 Lake Robbins Drive,
CY2021Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 430,
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
The Woodlands,
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77380
CY2021Q1 dei City Area Code
CityAreaCode
(281)
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
362-8998
CY2021Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2021Q1 dei Trading Symbol
TradingSymbol
LGIH
CY2021Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24934429 shares
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48157000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35942000 USD
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
59229000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
115939000 USD
CY2021Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1609693000 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1569489000 USD
CY2021Q1 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
39488000 USD
CY2020Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
37213000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6160000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3618000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
47391000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
44882000 USD
CY2021Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3350000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6986000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
12018000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
12018000 USD
CY2021Q1 us-gaap Assets
Assets
1825486000 USD
CY2020Q4 us-gaap Assets
Assets
1826087000 USD
CY2021Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
41552000 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
13676000 USD
CY2021Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
151348000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
135008000 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
413948000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
538398000 USD
CY2021Q1 us-gaap Liabilities
Liabilities
606848000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
687082000 USD
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26908643 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24934429 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26741554 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24983561 shares
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
269000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
267000 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
276398000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
270598000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1033935000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
934277000 USD
CY2021Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1974214 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1757993 shares
CY2021Q1 us-gaap Treasury Stock Value
TreasuryStockValue
91964000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
66137000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1218638000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1139005000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1825486000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1826087000 USD
CY2021Q1 us-gaap Revenues
Revenues
705953000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
516004000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
348163000 USD
CY2021Q1 us-gaap Selling Expense
SellingExpense
42783000 USD
CY2020Q1 us-gaap Selling Expense
SellingExpense
32763000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24723000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19923000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
122443000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
53878000 USD
CY2021Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
833000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1011000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
123276000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54889000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23618000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12050000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
99658000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.99
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.95
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.67
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24950867 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25323119 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25220872 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25592835 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1139005000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
99658000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
272000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25827000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3422000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2108000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1218638000 USD
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 Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
31335000 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
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
99658000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
288000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
161000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3422000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1853000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-3636000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2320000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-56710000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11385000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41692000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-17902000 USD
CY2021Q1 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
2276000 USD
CY2020Q1 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
204000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4192000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2953000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
27876000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6571000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
17256000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-21071000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
160686000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58803000 USD
CY2021Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1279000 USD
CY2020Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
417000 USD
CY2021Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1683000 USD
CY2020Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1125000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
404000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1542000 USD
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104844000 USD
CY2020Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
128128000 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
230000000 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
75000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2108000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
833000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25827000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31335000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-148875000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22626000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12215000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
79887000 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
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48157000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118232000 USD
CY2021Q1 us-gaap Revenues
Revenues
705953000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2021Q1 us-gaap Revenues
Revenues
705953000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2021Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1031117000 USD
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
981838000 USD
CY2021Q1 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
28528000 USD
CY2020Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
30201000 USD
CY2021Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
425585000 USD
CY2020Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
337364000 USD
CY2021Q1 us-gaap Inventory Finished Homes
InventoryFinishedHomes
124463000 USD
CY2020Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
220086000 USD
CY2021Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1609693000 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1569489000 USD
CY2021Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
45604000 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
26181000 USD
CY2021Q1 lgih Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
31138000 USD
CY2020Q4 lgih Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
29938000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
18680000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
28579000 USD
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5262000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10853000 USD
CY2021Q1 lgih Inventory Related Obligations
InventoryRelatedObligations
3872000 USD
CY2020Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
4515000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5249000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5287000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5950000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5350000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
27195000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17151000 USD
CY2021Q1 us-gaap Other Liabilities
OtherLiabilities
8398000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
7154000 USD
CY2021Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
151348000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
135008000 USD
CY2021Q1 lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5350000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3500000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2589000 USD
CY2020Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1420000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1989000 USD
CY2020Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1170000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5950000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3750000 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
413948000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
538398000 USD
CY2021Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
7732000 USD
CY2020Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
10156000 USD
CY2021Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
7732000 USD
CY2020Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10156000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2021Q1 us-gaap Interest Paid
InterestPaid
12633000 USD
CY2020Q1 us-gaap Interest Paid
InterestPaid
15024000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
700000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.192
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
200000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
18400000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
757993 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
757993 shares
CY2021Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
274600000 shares
CY2021Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
50000000.0 shares
CY2020Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
300000000.0 shares
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
216221 shares
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
567028 shares
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
25800000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31300000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
757993 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25323119 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
270005 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
269716 shares
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
99658000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42839000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24950867 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25220872 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25592835 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.99
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.95
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.67
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21510 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26893 shares
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
1
CY2021Q1 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
35484000 USD
CY2020Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
34097000 USD
CY2021Q1 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
728140000 USD
CY2020Q4 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
663006000 USD
CY2021Q1 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
28784
CY2020Q4 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
26236
CY2021Q1 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
25100000 USD
CY2020Q4 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
24000000.0 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4900000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5200000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5300000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
400000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0524
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
997000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1138000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1007000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
776000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
517000 USD
CY2021Q1 lgih Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1762000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6197000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
948000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5249000 USD
CY2021Q1 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
167600000 USD
CY2020Q4 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
143800000 USD
CY2021Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
2200000 USD
CY2020 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
3900000 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
7 business
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 business
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
7 business
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 business
CY2021Q1 us-gaap Revenues
Revenues
705953000 USD
CY2020Q1 us-gaap Revenues
Revenues
454727000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
123276000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54889000 USD
CY2021Q1 us-gaap Assets
Assets
1825486000 USD
CY2020Q4 us-gaap Assets
Assets
1826087000 USD

Files In Submission

Name View Source Status
0001580670-21-000058-index-headers.html Edgar Link pending
0001580670-21-000058-index.html Edgar Link pending
0001580670-21-000058.txt Edgar Link pending
0001580670-21-000058-xbrl.zip Edgar Link pending
a033121ex311.htm Edgar Link pending
a033121ex312.htm Edgar Link pending
a033121ex321.htm Edgar Link pending
a033121ex322.htm Edgar Link pending
ex101fifthamendedandrestat.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_01.jpg Edgar Link pending
lgih-20210331.htm Edgar Link pending
lgih-20210331.xsd Edgar Link pending
lgih-20210331_cal.xml Edgar Link unprocessable
lgih-20210331_def.xml Edgar Link unprocessable
lgih-20210331_htm.xml Edgar Link completed
lgih-20210331_lab.xml Edgar Link unprocessable
lgih-20210331_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
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