$LGIH
LGI Homes, Inc.

2022 Q3 Form 10-Q Financial Statement

#000158067022000073 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $547.1M $723.1M $546.1M
YoY Change -27.21% -8.65% -22.65%
Cost Of Revenue $391.3M $491.7M $387.6M
YoY Change -28.77% -14.85% -24.88%
Gross Profit $155.8M $231.4M $158.4M
YoY Change -22.98% 8.07% -16.61%
Gross Profit Margin 28.48% 32.0% 29.01%
Selling, General & Admin $61.22M $72.35M $62.69M
YoY Change -4.86% 6.29% -7.14%
% of Gross Profit 39.3% 31.27% 39.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $404.0K $382.0K $348.0K
YoY Change 36.95% 61.18% 20.83%
% of Gross Profit 0.26% 0.17% 0.22%
Operating Expenses $61.22M $72.35M $62.69M
YoY Change -4.86% 6.29% -7.14%
Operating Profit $94.58M $159.0M $95.72M
YoY Change -31.44% 8.9% -21.82%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0% 0.0%
Other Income/Expense, Net $14.12M $4.006M $3.830M
YoY Change 495.95% 6.09% 378.75%
Pretax Income $108.7M $163.0M $99.55M
YoY Change -14.4% 9.32% -19.25%
Income Tax $18.31M $39.64M $20.86M
% Of Pretax Income 16.85% 24.31% 20.96%
Net Earnings $90.39M $123.4M $78.69M
YoY Change -10.1% 4.44% -21.04%
Net Earnings / Revenue 16.52% 17.06% 14.41%
Basic Earnings Per Share $3.88 $5.24 $3.30
Diluted Earnings Per Share $3.85 $5.20 $3.25
COMMON SHARES
Basic Shares Outstanding 23.27M shares 23.55M shares 23.84M shares
Diluted Shares Outstanding 23.49M shares 23.75M shares 24.19M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.66M $41.97M $53.33M
YoY Change 12.72% -62.43% 10.63%
Cash & Equivalents $52.66M $41.97M $53.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $2.836B $2.634B $2.336B
Prepaid Expenses
Receivables $37.45M $52.11M $48.49M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.926B $2.728B $2.437B
YoY Change 46.01% 41.18% 41.95%
LONG-TERM ASSETS
Property, Plant & Equipment $26.05M $20.31M $19.42M
YoY Change 94.93% 137.0% 215.26%
Goodwill $12.02M $12.02M $12.02M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $35.86M
YoY Change
Other Assets $39.75M $43.76M $42.10M
YoY Change -31.33% -2.56% -1.63%
Total Long-Term Assets $186.6M $145.6M $156.8M
YoY Change 24.82% 14.85% 44.71%
TOTAL ASSETS
Total Short-Term Assets $2.926B $2.728B $2.437B
Total Long-Term Assets $186.6M $145.6M $156.8M
Total Assets $3.113B $2.873B $2.594B
YoY Change 44.54% 39.56% 42.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.24M $40.16M $21.97M
YoY Change 55.81% -30.25% -47.2%
Accrued Expenses $116.3M $116.6M $90.01M
YoY Change 38.92% 43.83% 28.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $219.1M $185.4M $155.6M
YoY Change 53.05% 4.55% -15.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.230B $1.155B $1.004B
YoY Change 84.67% 97.97% 142.47%
Other Long-Term Liabilities $56.64M $18.54M $12.27M
YoY Change 562.25% 62.5% 46.07%
Total Long-Term Liabilities $1.287B $1.174B $1.016B
YoY Change 90.73% 97.29% 140.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.1M $185.4M $155.6M
Total Long-Term Liabilities $1.287B $1.174B $1.016B
Total Liabilities $1.506B $1.359B $1.171B
YoY Change 84.13% 75.99% 93.04%
SHAREHOLDERS EQUITY
Retained Earnings $1.656B $1.566B $1.443B
YoY Change 32.23% 35.93% 39.53%
Common Stock $272.0K $271.0K $271.0K
YoY Change 1.12% 0.74% 0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $355.0M $355.0M $317.6M
YoY Change 74.18% 140.3% 245.33%
Treasury Stock Shares 3.939M shares 3.939M shares 3.522M shares
Shareholders Equity $1.607B $1.514B $1.423B
YoY Change
Total Liabilities & Shareholders Equity $3.113B $2.873B $2.594B
YoY Change 44.54% 39.56% 42.11%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $90.39M $123.4M $78.69M
YoY Change -10.1% 4.44% -21.04%
Depreciation, Depletion And Amortization $404.0K $382.0K $348.0K
YoY Change 36.95% 61.18% 20.83%
Cash From Operating Activities -$96.25M -$125.5M -$137.8M
YoY Change 148.3% 502.04% -185.75%
INVESTING ACTIVITIES
Capital Expenditures -$64.00K $0.00 -$993.0K
YoY Change -87.25% -100.0% -23.62%
Acquisitions
YoY Change
Other Investing Activities $413.0K -$1.082M -$380.0K
YoY Change -101.04% -96.43% -122.35%
Cash From Investing Activities $349.0K -$1.082M -$1.373M
YoY Change -100.87% -96.41% -439.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $55.65M
YoY Change 134.61%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 106.6M 115.2M $142.0M
YoY Change 669.95% 0.58% -195.36%
NET CHANGE
Cash From Operating Activities -96.25M -125.5M -$137.8M
Cash From Investing Activities 349.0K -1.082M -$1.373M
Cash From Financing Activities 106.6M 115.2M $142.0M
Net Change In Cash 10.69M -11.35M $2.811M
YoY Change -116.45% -117.86% -76.99%
FREE CASH FLOW
Cash From Operating Activities -$96.25M -$125.5M -$137.8M
Capital Expenditures -$64.00K $0.00 -$993.0K
Free Cash Flow -$96.19M -$125.5M -$136.8M
YoY Change 151.39% 497.42% -184.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001580670
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-36126
dei Entity Registrant Name
EntityRegistrantName
LGI HOMES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-3088013
dei Entity Address Address Line1
EntityAddressAddressLine1
1450 Lake Robbins Drive,
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 430,
dei Entity Address City Or Town
EntityAddressCityOrTown
The Woodlands,
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77380
dei City Area Code
CityAreaCode
(281)
dei Local Phone Number
LocalPhoneNumber
362-8998
dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
LGIH
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23272607 shares
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41971000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50514000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
52106000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
57909000 usd
CY2022Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2633706000 usd
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2085904000 usd
CY2022Q2 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
38277000 usd
CY2021Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
40702000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20311000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16944000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
69481000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
81676000 usd
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5487000 usd
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6198000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
12018000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
12018000 usd
CY2022Q2 us-gaap Assets
Assets
2873357000 usd
CY2021Q4 us-gaap Assets
Assets
2351865000 usd
CY2022Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
40162000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
805236000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
1359436000 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
14172000 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
163811000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
136609000 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
1155463000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
956017000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27212108 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23272636 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26963915 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23917359 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
271000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
269000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
302688000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
291577000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1565984000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1363922000 usd
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3939472 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3046556 shares
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
355022000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
259920000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1513921000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1395848000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2873357000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2351865000 usd
CY2022Q2 us-gaap Revenues
Revenues
723069000 usd
CY2021Q2 us-gaap Revenues
Revenues
791512000 usd
us-gaap Revenues
Revenues
1269119000 usd
us-gaap Revenues
Revenues
1497465000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
491710000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
577433000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
879353000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1093437000 usd
CY2022Q2 us-gaap Selling Expense
SellingExpense
43269000 usd
CY2021Q2 us-gaap Selling Expense
SellingExpense
44796000 usd
us-gaap Selling Expense
SellingExpense
77667000 usd
us-gaap Selling Expense
SellingExpense
87579000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29084000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23276000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57373000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47999000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
159006000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
146007000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
254726000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
268450000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-662000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-662000 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4006000 usd
CY2021Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3776000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
7836000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4609000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
163012000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
149121000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
262562000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
52400000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123376000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
63700000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
272397000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39636000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30987000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54605000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123376000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
118134000 usd
us-gaap Net Income Loss
NetIncomeLoss
202062000 usd
us-gaap Net Income Loss
NetIncomeLoss
217792000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.24
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.75
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.20
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.66
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23552883 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24844644 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23694241 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24897462 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23745853 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25061812 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23968263 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25138691 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1395848000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
78686000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
294000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
57659000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3570000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2012000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1422751000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
37443000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3545000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1692000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1513921000 usd
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
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
118134000 usd
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
55776000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3395000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2015000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1286406000 usd
us-gaap Net Income Loss
NetIncomeLoss
202062000 usd
us-gaap Net Income Loss
NetIncomeLoss
217792000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1840000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1214000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
730000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
537000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
662000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1564000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-350000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7115000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6817000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-711000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-889000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5803000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-46417000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
547579000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
158704000 usd
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
1604000 usd
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-2425000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-19384000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13415000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25990000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
43902000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
22249000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3791000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-263300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
139852000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
993000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1139000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1462000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4005000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2660000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
27279000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2455000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29763000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
371177000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
617653000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20000000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
564000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2567000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10500000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3704000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4123000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
95102000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81603000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
257212000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34327000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8543000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75762000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50514000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35942000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41971000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111704000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><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-bottom:6pt;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 could differ from those estimates, and these differences could have a significant impact on the financial statements.</span></div>
CY2022Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1776558000 usd
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1499761000 usd
CY2022Q2 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
30770000 usd
CY2021Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
28665000 usd
CY2022Q2 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
684357000 usd
CY2021Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
449742000 usd
CY2022Q2 us-gaap Inventory Finished Homes
InventoryFinishedHomes
142021000 usd
CY2021Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
107736000 usd
CY2022Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2633706000 usd
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2085904000 usd
CY2022Q2 lgih Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
63296000 usd
CY2021Q4 lgih Real Estate Inventory Development And Construction Payable
RealEstateInventoryDevelopmentAndConstructionPayable
48656000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
16652000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
24914000 usd
CY2022Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
19619000 usd
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
11604000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9030000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12182000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8063000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7431000 usd
CY2022Q2 lgih Inventory Related Obligations
InventoryRelatedObligations
14051000 usd
CY2021Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
8803000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9350000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7850000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5212000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5333000 usd
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
18538000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
9836000 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
163811000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
136609000 usd
lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8350000 usd
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5950000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7850000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5350000 usd
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2642000 usd
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3396000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5107000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5985000 usd
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1642000 usd
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2796000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3607000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4785000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9350000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6550000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9350000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6550000 usd
CY2022Q2 lgih Credit Agreement Gross Assets
CreditAgreementGrossAssets
500000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13153000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12203000 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
1155463000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
805236000 usd
CY2022Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
9438000 usd
CY2021Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
8040000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
16465000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
15772000 usd
CY2022Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
9438000 usd
CY2021Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
8040000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
16465000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
15772000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
0 usd
CY2021Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
63500000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
0 usd
CY2022Q2 us-gaap Interest Paid
InterestPaid
4538000 usd
CY2021Q2 us-gaap Interest Paid
InterestPaid
1859000 usd
us-gaap Interest Paid
InterestPaid
14206000 usd
us-gaap Interest Paid
InterestPaid
14492000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
900000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
700000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1600000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1400000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2022Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
52000000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23552883 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24844644 shares
CY2022Q1 lgih Stock Repurchase Program Additional Amount Authorized
StockRepurchaseProgramAdditionalAmountAuthorized
200000000 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
550000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
417861 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
892916 shares
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
335000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
551221 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2939472 shares
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
211500000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123376000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
118134000 usd
us-gaap Net Income Loss
NetIncomeLoss
202062000 usd
us-gaap Net Income Loss
NetIncomeLoss
217792000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23694241 shares
CY2021Q4 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
19300000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24897462 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
192970 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
217168 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
274022 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
241229 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23745853 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25061812 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23968263 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25138691 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.24
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.75
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.20
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.71
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
835 shares
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5000000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.66
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6042 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15501 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8043 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
1
CY2022Q2 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
33925000 usd
CY2021Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
37499000 usd
CY2022Q2 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
743870000 usd
CY2021Q4 lgih Commitment Under Land Purchase Option And Deposit Agreement
CommitmentUnderLandPurchaseOptionAndDepositAgreement
921345000 usd
CY2022Q2 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
28091
CY2021Q4 lgih Lots Under Purchase Options Recorded
LotsUnderPurchaseOptionsRecorded
36978
CY2022Q2 lgih Refundable Land Deposits Of Purchase Contractsof Finished Lots
RefundableLandDepositsOfPurchaseContractsofFinishedLots
16600000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5100000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5200000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5300000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
900000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
800000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
759000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1382000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1114000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
888000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
776000 usd
CY2022Q2 lgih Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1053000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5972000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
760000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5212000 usd
CY2022Q2 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
284600000 usd
CY2021Q4 lgih Lettersof Credit Surety Bondsand Other Financial Guarantees
LettersofCreditSuretyBondsandOtherFinancialGuarantees
206800000 usd
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
7100000 usd
CY2021 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
5600000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1600000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1800000 usd
CY2022Q2 us-gaap Revenues
Revenues
723069000 usd
CY2021Q2 us-gaap Revenues
Revenues
791512000 usd
us-gaap Revenues
Revenues
1269119000 usd
us-gaap Revenues
Revenues
1497465000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
7 business
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 home
CY2022Q2 us-gaap Revenues
Revenues
723069000 usd
CY2021Q2 us-gaap Revenues
Revenues
791512000 usd
us-gaap Revenues
Revenues
1269119000 usd
us-gaap Revenues
Revenues
1497465000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
163012000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
149121000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
262562000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
272397000 usd
CY2022Q2 us-gaap Assets
Assets
2873357000 usd
CY2021Q4 us-gaap Assets
Assets
2351865000 usd

Files In Submission

Name View Source Status
0001580670-22-000073-index-headers.html Edgar Link pending
0001580670-22-000073-index.html Edgar Link pending
0001580670-22-000073.txt Edgar Link pending
0001580670-22-000073-xbrl.zip Edgar Link pending
a63022ex311.htm Edgar Link pending
a63022ex312.htm Edgar Link pending
a63022ex321.htm Edgar Link pending
a63022ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lgih-20220630.htm Edgar Link pending
lgih-20220630.xsd Edgar Link pending
lgih-20220630_cal.xml Edgar Link unprocessable
lgih-20220630_def.xml Edgar Link unprocessable
lgih-20220630_htm.xml Edgar Link completed
lgih-20220630_lab.xml Edgar Link unprocessable
lgih-20220630_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
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending