$LGIH
LGI Homes, Inc. Stock $lgih

$lgih Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000158067023000020 Filed on February 21, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$487.4M	$488.3M	$2.304B
YoY Change	-10.75%	-39.05%	-24.45%
Cost Of Revenue	$388.5M	$387.2M	$1.658B
YoY Change	0.23%	-34.3%	-25.73%
Gross Profit	$98.82M	$101.0M	$646.6M
YoY Change	-37.62%	-52.28%	-20.96%
Gross Profit Margin	20.28%	20.69%	28.06%
Selling, General & Admin	$72.77M	$60.23M	$256.5M
YoY Change	16.08%	-14.45%	-5.12%
% of Gross Profit	73.64%	59.61%	39.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$482.0K	$442.0K	$1.576M
YoY Change	38.51%	37.27%	36.57%
% of Gross Profit	0.49%	0.44%	0.24%
Operating Expenses	$72.77M	$60.23M	$256.5M
YoY Change	16.08%	-14.45%	-5.12%
Operating Profit	$26.05M	$40.80M	$390.1M
YoY Change	-72.78%	-71.12%	-28.77%
Interest Expense	$0.00		$0.00
YoY Change
% of Operating Profit	0.0%		0.0%
Other Income/Expense, Net	$6.297M	$6.049M	$28.01M
YoY Change	64.41%	191.66%	209.39%
Pretax Income	$32.35M	$46.85M	$418.1M
YoY Change	-67.51%	-67.32%	-22.97%
Income Tax	$5.386M	$12.74M	$91.55M
% Of Pretax Income	16.65%	27.19%	21.9%
Net Earnings	$26.96M	$34.12M	$326.6M
YoY Change	-65.73%	-69.35%	-23.99%
Net Earnings / Revenue	5.53%	6.99%	14.17%
Basic Earnings Per Share	$1.15		$13.90
Diluted Earnings Per Share	$1.14	$1.45	$13.76
COMMON SHARES
Basic Shares Outstanding	23.31M shares	23.29M shares	23.49M shares
Diluted Shares Outstanding	23.63M shares		23.73M shares

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$42.97M	$32.00M	$32.00M
YoY Change	-19.43%	-36.66%	-36.66%
Cash & Equivalents	$42.97M	$32.00M	$32.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$2.727B	$2.757B	$2.757B
Prepaid Expenses
Receivables	$21.87M	$25.14M	$25.14M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.791B	$2.814B	$2.814B
YoY Change	14.53%	28.22%	28.22%
LONG-TERM ASSETS
Property, Plant & Equipment	$35.27M	$33.00M	$37.90M
YoY Change	81.63%	94.74%	71.92%
Goodwill	$12.02M	$12.00M
YoY Change	0.0%	-0.15%
Intangibles
YoY Change
Long-Term Investments	$153.9M	$141.8M	$141.8M
YoY Change
Other Assets	$31.55M	$31.22M	$31.22M
YoY Change	-25.06%	-33.44%	-33.44%
Total Long-Term Assets	$309.5M	$311.2M	$311.2M
YoY Change	97.33%	97.53%	97.53%
TOTAL ASSETS
Total Short-Term Assets	$2.791B	$2.814B	$2.814B
Total Long-Term Assets	$309.5M	$311.2M	$311.2M
Total Assets	$3.101B	$3.125B	$3.125B
YoY Change	19.53%	32.87%	32.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$39.94M	$25.29M	$25.29M
YoY Change	81.83%	78.43%	78.43%
Accrued Expenses	$114.4M	$126.5M	$126.5M
YoY Change	27.14%	22.79%	22.79%
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	$211.7M	$204.3M	$204.3M
YoY Change	36.05%	44.97%	44.97%
LONG-TERM LIABILITIES
Long-Term Debt	$1.200B	$1.117B	$1.117B
YoY Change	19.55%	38.72%	38.72%
Other Long-Term Liabilities	$15.21M	$161.1M	$161.1M
YoY Change	23.97%	1537.77%	1537.77%
Total Long-Term Liabilities	$1.215B	$1.278B	$1.278B
YoY Change	19.6%	56.81%	56.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$211.7M	$204.3M	$204.3M
Total Long-Term Liabilities	$1.215B	$1.278B	$1.278B
Total Liabilities	$1.427B	$1.482B	$1.482B
YoY Change	21.79%	55.06%	55.06%
SHAREHOLDERS EQUITY
Retained Earnings	$1.717B	$1.690B
YoY Change	19.05%	23.94%
Common Stock	$275.0K	$272.0K
YoY Change	1.48%	1.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$355.0M	$355.0M
YoY Change	11.79%	36.59%
Treasury Stock Shares	3.939M shares	3.939M shares
Shareholders Equity	$1.674B	$1.642B	$1.642B
YoY Change
Total Liabilities & Shareholders Equity	$3.101B	$3.125B	$3.125B
YoY Change	19.53%	32.87%	32.87%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$26.96M	$34.12M	$326.6M
YoY Change	-65.73%	-69.35%	-23.99%
Depreciation, Depletion And Amortization	$482.0K	$442.0K	$1.576M
YoY Change	38.51%	37.27%	36.57%
Cash From Operating Activities	$77.60M	-$10.90M	-$370.5M
YoY Change	-156.32%	-86.27%	-1807.15%
INVESTING ACTIVITIES
Capital Expenditures	$76.00K	$130.0K	$1.187M
YoY Change	-107.65%	-247.73%	-168.65%
Acquisitions
YoY Change
Other Investing Activities	-$4.779M	-$3.732M	-$4.781M
YoY Change	1157.63%	687.34%	-93.04%
Cash From Investing Activities	-$4.855M	-$3.862M	-$5.968M
YoY Change	253.61%	587.19%	-91.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$89.49M
YoY Change			-52.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$61.78M	-5.901M	$357.9M
YoY Change	-143.51%	-107.05%	465.74%
NET CHANGE
Cash From Operating Activities	$77.60M	-10.90M	-$370.5M
Cash From Investing Activities	-$4.855M	-3.862M	-$5.968M
Cash From Financing Activities	-$61.78M	-5.901M	$357.9M
Net Change In Cash	$10.97M	-20.66M	-$18.52M
YoY Change	290.18%	-644.17%	-227.07%
FREE CASH FLOW
Cash From Operating Activities	$77.60M	-$10.90M	-$370.5M
Capital Expenditures	$76.00K	$130.0K	$1.187M
Free Cash Flow	$77.52M	-$11.03M	-$371.6M
YoY Change	-156.67%	-86.09%	-1686.23%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001580670
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssets
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssets
CY2022Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#AccruedLiabilitiesAndOtherLiabilities
CY2021Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#AccruedLiabilitiesAndOtherLiabilities
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-36126
CY2022	dei	Entity Registrant Name EntityRegistrantName	LGI HOMES, INC.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-3088013
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	1450 Lake Robbins Drive,
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	The Woodlands,
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77380
CY2022	dei	City Area Code CityAreaCode	(281)
CY2022	dei	Local Phone Number LocalPhoneNumber	362-8998
CY2022	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
CY2022	dei	Trading Symbol TradingSymbol	LGIH
CY2022	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	false
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2020Q2	dei	Entity Public Float EntityPublicFloat	1800000000	usd
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	23305806	shares
CY2022	dei	Auditor Name AuditorName	Ernst & Young LLP
CY2022	dei	Auditor Location AuditorLocation	Houston, Texas
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CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50514000	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	25143000	usd
CY2021Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	57909000	usd
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CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16944000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	93159000	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	81676000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	6186000	usd
CY2021Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	6198000	usd
CY2022Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	12018000	usd
CY2021Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	12018000	usd
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CY2021Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	136609000	usd
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CY2021Q4	us-gaap	Common Stock Value CommonStockValue	269000	usd
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CY2022Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	3939472	shares
CY2021Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	3046556	shares
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	355022000	usd
CY2021Q4	us-gaap	Treasury Stock Value TreasuryStockValue	259920000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1642412000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1395848000	usd
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CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2351865000	usd
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CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1657855000	usd
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2232115000	usd
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CY2020	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	usd
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	7055000	usd
CY2021	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	usd
CY2020	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	2206000	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	717000	usd
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	4000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	9188000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	13595000	usd
CY2020	us-gaap	Share Based Compensation ShareBasedCompensation	13517000	usd
CY2022	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-12000	usd
CY2021	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-788000	usd
CY2020	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	2365000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-32766000	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-58030000	usd
CY2020	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	59549000	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	823919000	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	463643000	usd
CY2020	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	70228000	usd
CY2022	us-gaap	Increase Decrease In Earnest Money Deposits Outstanding IncreaseDecreaseInEarnestMoneyDepositsOutstanding	-15671000	usd
CY2021	us-gaap	Increase Decrease In Earnest Money Deposits Outstanding IncreaseDecreaseInEarnestMoneyDepositsOutstanding	-3238000	usd
CY2020	us-gaap	Increase Decrease In Earnest Money Deposits Outstanding IncreaseDecreaseInEarnestMoneyDepositsOutstanding	-32000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-8696000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	28689000	usd
CY2020	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	25686000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	11115000	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-760000	usd
CY2020	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1181000	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	58052000	usd
CY2021	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-4917000	usd
CY2020	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	20655000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-370451000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21700000	usd
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	202158000	usd
CY2022	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	1187000	usd
CY2021	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	1729000	usd
CY2020	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	2692000	usd
CY2022	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	5016000	usd
CY2021	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	1692000	usd
CY2020	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	2956000	usd
CY2022	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	235000	usd
CY2021	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	usd
CY2020	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	usd
CY2022	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	usd
CY2021	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	66970000	usd
CY2020	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5968000	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-70391000	usd
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5648000	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	618910000	usd
CY2021	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1239818000	usd
CY2020	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	377064000	usd
CY2022	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	308000000	usd
CY2021	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	969000000	usd
CY2020	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	530000000	usd
CY2022	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	149526000	usd
CY2021	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	0	usd
CY2020	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	0	usd
CY2022	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	8813000	usd
CY2021	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	0	usd
CY2020	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	0	usd
CY2022	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
CY2021	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	10314000	usd
CY2020	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	4235000	usd
CY2021	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	10572000	usd
CY2020	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2155000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5617000	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7114000	usd
CY2020	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4259000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	95102000	usd
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	193783000	usd
CY2020	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	48081000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	357903000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	63263000	usd
CY2020	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-198913000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-18516000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	14572000	usd
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2403000	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
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	38345000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	31998000	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
CY2021Q2	lgih	Business Combination Numberof Homesunder Construction BusinessCombinationNumberofHomesunderConstruction	100	home
CY2021Q2	lgih	Business Combination Ownedand Controlled Lots BusinessCombinationOwnedandControlledLots	3000	home
CY2021Q2	us-gaap	Asset Acquisition Consideration Transferred AssetAcquisitionConsiderationTransferred	27300000	usd
CY2021Q3	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	39100000	usd
CY2021Q3	lgih	Business Combination Numberof Homesunder Construction BusinessCombinationNumberofHomesunderConstruction	100	home
CY2021Q3	lgih	Business Combination Ownedand Controlled Lots BusinessCombinationOwnedandControlledLots	500	home
CY2022	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 could differ from those estimates, and these differences could have a significant impact on the financial statements. The significant accounting estimates include land development cost of sales, impairment of real estate inventory, warranty reserves, loss contingencies, incentive compensation expense, and income taxes.</span></div>
CY2020	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2021	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	8300000	usd
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	12000000	usd
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
CY2022	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
CY2020	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
CY2022Q4	us-gaap	Goodwill Goodwill	12000000	usd
CY2020	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2021	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	18700000	usd
CY2021	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	7700000	usd
CY2020	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	10700000	usd
CY2022Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1911307000	usd
CY2021Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1499761000	usd
CY2022Q4	us-gaap	Inventory Operative Builders Other InventoryOperativeBuildersOther	35074000	usd
CY2021Q4	us-gaap	Inventory Operative Builders Other InventoryOperativeBuildersOther	28665000	usd
CY2022Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	287069000	usd
CY2021Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	449742000	usd
CY2022Q4	us-gaap	Inventory Finished Homes InventoryFinishedHomes	523054000	usd
CY2021Q4	us-gaap	Inventory Finished Homes InventoryFinishedHomes	107736000	usd
CY2022Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2756504000	usd
CY2021Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2085904000	usd
CY2022Q4	lgih	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	141792000	usd
CY2021Q4	lgih	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	0	usd
CY2022Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2898296000	usd
CY2021Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2085904000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	36380000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18751000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3383000	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1807000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	32997000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16944000	usd
CY2022	us-gaap	Property Plant And Equipment Transfers And Changes PropertyPlantAndEquipmentTransfersAndChanges	16400000	usd
CY2022	us-gaap	Depreciation Depreciation	1600000	usd
CY2021	us-gaap	Depreciation Depreciation	1100000	usd
CY2020	us-gaap	Depreciation Depreciation	700000	usd
CY2022Q4	lgih	Land Financing Arrangements LandFinancingArrangements	141792000	usd
CY2021Q4	lgih	Land Financing Arrangements LandFinancingArrangements	0	usd
CY2022Q4	us-gaap	Retention Payable RetentionPayable	73678000	usd
CY2021Q4	us-gaap	Retention Payable RetentionPayable	48656000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	12900000	usd
CY2021Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	24914000	usd
CY2022Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	47037000	usd
CY2021Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	11604000	usd
CY2022Q4	us-gaap	Deposit Contracts Liabilities DepositContractsLiabilities	5545000	usd
CY2021Q4	us-gaap	Deposit Contracts Liabilities DepositContractsLiabilities	12182000	usd
CY2022Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	13039000	usd
CY2021Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	8803000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10750000	usd
CY2021Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	7850000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	10906000	usd
CY2021Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7431000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5182000	usd
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5333000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	19299000	usd
CY2021Q4	us-gaap	Other Liabilities OtherLiabilities	9836000	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	340128000	usd
CY2021Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	136609000	usd
CY2022	lgih	Inventory Related Obligation Term InventoryRelatedObligationTerm	P30Y
CY2021Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	7850000	usd
CY2020Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5350000	usd
CY2019Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	3500000	usd
CY2022	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	11488000	usd
CY2021	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	11223000	usd
CY2020	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	7040000	usd
CY2022	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	8588000	usd
CY2021	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	8723000	usd
CY2020	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	5190000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10750000	usd
CY2021Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	7850000	usd
CY2020Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5350000	usd
CY2022Q2	lgih	Credit Agreement Gross Assets CreditAgreementGrossAssets	500000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	-11349000	usd
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	-12203000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	1117001000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	1117001000	usd
CY2021Q4	us-gaap	Notes Payable NotesPayable	805236000	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	828350000	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	0	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive	300000000	usd
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1128350000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11349000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	1117001000	usd
CY2020	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2900000	usd
CY2022	us-gaap	Interest Costs Incurred InterestCostsIncurred	49281000	usd
CY2021	us-gaap	Interest Costs Incurred InterestCostsIncurred	28360000	usd
CY2020	us-gaap	Interest Costs Incurred InterestCostsIncurred	37285000	usd
CY2022	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	49281000	usd
CY2021	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	28360000	usd
CY2020	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	37285000	usd
CY2022	us-gaap	Interest Expense InterestExpense	0	usd
CY2021	us-gaap	Interest Expense InterestExpense	0	usd
CY2020	us-gaap	Interest Expense InterestExpense	0	usd
CY2022	us-gaap	Interest Paid InterestPaid	41593000	usd
CY2021	us-gaap	Interest Paid InterestPaid	28850000	usd
CY2020	us-gaap	Interest Paid InterestPaid	34924000	usd
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3500000	usd
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2900000	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	77922000	usd
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	95343000	usd
CY2020	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	35207000	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	13615000	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	16999000	usd
CY2020	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	11112000	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	91537000	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	112342000	usd
CY2020	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	46319000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	33000	usd
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	751000	usd
CY2020	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-2136000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-21000	usd
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	37000	usd
CY2020	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-229000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12000	usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	788000	usd
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2365000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	91549000	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	113130000	usd
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	43954000	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	56900000	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	127900000	usd
CY2020	us-gaap	Income Taxes Paid IncomeTaxesPaid	68400000	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	87805000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	114081000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
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
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	10749000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.026
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	13467000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.025
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
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-2199000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.005
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-2243000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.004
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
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	4313000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	0.010
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	4343000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	0.008
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
CY2022	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	23000	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	0
CY2021	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-367000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.001
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
CY2022	lgih	Federal Efficient Homes Tax Credits FederalEfficientHomesTaxCredits	9142000	usd
CY2022	lgih	Federal Efficient Homes Tax Credits Percent FederalEfficientHomesTaxCreditsPercent	0.022
CY2021	lgih	Federal Efficient Homes Tax Credits FederalEfficientHomesTaxCredits	16151000	usd
CY2021	lgih	Federal Efficient Homes Tax Credits Percent FederalEfficientHomesTaxCreditsPercent	0.030
CY2020	lgih	Federal Efficient Homes Tax Credits FederalEfficientHomesTaxCredits	11488000	usd
CY2020	lgih	Federal Efficient Homes Tax Credits Percent FederalEfficientHomesTaxCreditsPercent	0.031
CY2022	lgih	Retroactive Federal Energy Efficient Homes Tax Credits RetroactiveFederalEnergyEfficientHomesTaxCredits	0	usd
CY2022	lgih	Retroactive Federal Energy Efficient Homes Tax Credits Percent RetroactiveFederalEnergyEfficientHomesTaxCreditsPercent	0
CY2021	lgih	Retroactive Federal Energy Efficient Homes Tax Credits RetroactiveFederalEnergyEfficientHomesTaxCredits	0	usd
CY2021	lgih	Retroactive Federal Energy Efficient Homes Tax Credits Percent RetroactiveFederalEnergyEfficientHomesTaxCreditsPercent	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
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	91549000	usd
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.219
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	113130000	usd
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.208
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	43954000	usd
CY2020	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.119
CY2022	lgih	Federal Efficient Homes Tax Credits FederalEfficientHomesTaxCredits	9100000	usd
CY2022	lgih	Extension Of Federal Energy Efficient Homes Tax Credits ExtensionOfFederalEnergyEfficientHomesTaxCredits	16200000	usd
CY2020	lgih	Extension Of Federal Energy Efficient Homes Tax Credits ExtensionOfFederalEnergyEfficientHomesTaxCredits	41200000	usd
CY2020	lgih	Retroactive Federal Energy Efficient Homes Tax Credits RetroactiveFederalEnergyEfficientHomesTaxCredits	29700000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	3947000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	5163000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	3210000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	4397000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	1060000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	470000	usd
CY2022Q4	lgih	Deferred Tax Assets Operating Lease Liability DeferredTaxAssetsOperatingLeaseLiability	926000	usd
CY2021Q4	lgih	Deferred Tax Assets Operating Lease Liability DeferredTaxAssetsOperatingLeaseLiability	959000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1673000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	310000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	10816000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	11299000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Prepaid Expenses DeferredTaxLiabilitiesPrepaidExpenses	1550000	usd
CY2021Q4	us-gaap	Deferred Tax Liabilities Prepaid Expenses DeferredTaxLiabilitiesPrepaidExpenses	2433000	usd
CY2022Q4	lgih	Deferred Tax Liabilities Operating Lease Right Of Use Assets DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets	1103000	usd
CY2021Q4	lgih	Deferred Tax Liabilities Operating Lease Right Of Use Assets DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets	1137000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	982000	usd
CY2021Q4	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	860000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	707000	usd
CY2021Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	488000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	288000	usd
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	183000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	4630000	usd
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	5101000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	6186000	usd
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	6198000	usd
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2020	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	48100000	usd
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24908991	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27245278	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	23305806	shares
CY2022Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	3939472	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	26963915	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	23917359	shares
CY2021Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	3046556	shares
CY2018Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	usd
CY2020Q4	lgih	Stock Repurchase Program Additional Amount Authorized StockRepurchaseProgramAdditionalAmountAuthorized	300000000	usd
CY2022Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	200000000	usd
CY2022	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	892916	shares
CY2022	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	95100000	usd
CY2021	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	1288563	shares
CY2021	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	193800000	usd
CY2020	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	718993	shares
CY2020	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	2939472	shares
CY2022Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	211500000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	326567000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	429645000	usd
CY2020	us-gaap	Net Income Loss NetIncomeLoss	323895000	usd
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23486465	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24607231	shares
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25135077	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	244305	shares
CY2021	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	301760	shares
CY2020	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	245483	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23730770	shares
CY2022	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	1
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25380560	shares
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	13.90
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	17.46
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	12.89
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	13.76
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	17.25
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	12.76
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	50003	shares
CY2021	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5970	shares
CY2020	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9482	shares
CY2022Q4	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	2680172	shares
CY2022	lgih	Minimum Service Period For Employees To Be Covered Under Profit Sharing Plan MinimumServicePeriodForEmployeesToBeCoveredUnderProfitSharingPlan	P30D
CY2022	lgih	Employees Eligibility Age For Participating In Profit Sharing Plan EmployeesEligibilityAgeForParticipatingInProfitSharingPlan	P21Y
CY2022	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent DefinedContributionPlanEmployerMatchingContributionPercent	1
CY2022	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	0.04
CY2022	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	4500000	usd
CY2021	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	4600000	usd
CY2020	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	4000000	usd
CY2022Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	22406000	usd
CY2021Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	37499000	usd
CY2022Q4	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	411776000	usd
CY2021Q4	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	921345000	usd
CY2022Q4	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	13184	lot
CY2021Q4	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	36978	lot
CY2022Q4	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	12800000	usd
CY2021Q4	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	19300000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	4900000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	469000	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	5100000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5200000	usd
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5300000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	2100000	usd
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	1700000	usd
CY2020	us-gaap	Operating Lease Cost OperatingLeaseCost	1600000	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	1800000	usd
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	1600000	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.055	rate
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y8M12D
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1517000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1252000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1020000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	885000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	772000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	5915000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	733000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5182000	usd
CY2022Q4	lgih	Lettersof Creditand Performanceand Surety Bonds LettersofCreditandPerformanceandSuretyBonds	368100000	usd
CY2021Q4	lgih	Lettersof Creditand Performanceand Surety Bonds LettersofCreditandPerformanceandSuretyBonds	206800000	usd
CY2022	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	11200000	usd
CY2021	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	5600000	usd
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5500000	usd
CY2022	us-gaap	Revenues Revenues	2304455000	usd
CY2021	us-gaap	Revenues Revenues	3050149000	usd
CY2020	us-gaap	Revenues Revenues	2367929000	usd
CY2021	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-14000000	usd
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	7100000	usd
CY2022	us-gaap	Revenues Revenues	2304455000	usd
CY2021	us-gaap	Revenues Revenues	3050149000	usd
CY2020	us-gaap	Revenues Revenues	2367929000	usd
CY2022	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	7	segment
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	5	segment
CY2022	us-gaap	Revenues Revenues	2304455000	usd
CY2021	us-gaap	Revenues Revenues	3050149000	usd
CY2020	us-gaap	Revenues Revenues	2367929000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	418116000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	542775000	usd
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	367849000	usd
CY2022Q4	us-gaap	Assets Assets	3124828000	usd
CY2021Q4	us-gaap	Assets Assets	2351865000	usd
CY2022	dei	Auditor Firm AuditorFirmId	42

Files In Submission

Name	View Source	Status
lgih-20221231_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001580670-23-000020-index-headers.html	Edgar Link	pending
0001580670-23-000020-index.html	Edgar Link	pending
0001580670-23-000020.txt	Edgar Link	pending
0001580670-23-000020-xbrl.zip	Edgar Link	pending
a123122ex211.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
lgih-20221231.htm	Edgar Link	pending
lgih-20221231.xsd	Edgar Link	pending
lgih-20221231_g1.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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R44.htm	Edgar Link	pending
lgih-20221231_def.xml	Edgar Link	unprocessable
lgih-20221231_lab.xml	Edgar Link	unprocessable
lgih-20221231_pre.xml	Edgar Link	unprocessable
lgih-20221231_htm.xml	Edgar Link	completed
R45.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LGIH
LGI Homes, Inc. Stock $lgih

2023 Q1 Form 10-K Financial Statement

#000158067023000020 Filed on February 21, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH LGI Homes, Inc. Stock $lgih

2023 Q1 Form 10-K Financial Statement

#000158067023000020 Filed on February 21, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH
LGI Homes, Inc. Stock $lgih