$LGIH
LGI Homes, Inc. Stock $lgih

$lgih Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000158067023000086 Filed on August 02, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$617.5M	$645.3M
YoY Change	12.88%	-10.76%
Cost Of Revenue	$458.7M	$503.3M
YoY Change	17.24%	2.36%
Gross Profit	$158.8M	$141.9M
YoY Change	1.93%	-38.65%
Gross Profit Margin	25.72%	22.0%
Selling, General & Admin	$76.53M	$76.85M
YoY Change	25.0%	6.22%
% of Gross Profit	48.19%	54.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$800.0K	$505.0K
YoY Change	98.02%	32.2%
% of Gross Profit	0.5%	0.36%
Operating Expenses	$76.53M	$76.85M
YoY Change	25.0%	6.22%
Operating Profit	$82.28M	$65.09M
YoY Change	-13.01%	-59.07%
Interest Expense	$0.00	$0.00
YoY Change
% of Operating Profit	0.0%	0.0%
Other Income/Expense, Net	$7.200M	$6.323M
YoY Change	-49.02%	57.84%
Pretax Income	$89.45M	$71.41M
YoY Change	-17.71%	-56.19%
Income Tax	$22.41M	$18.28M
% Of Pretax Income	25.05%	25.59%
Net Earnings	$67.04M	$53.13M
YoY Change	-25.83%	-56.93%
Net Earnings / Revenue	10.86%	8.23%
Basic Earnings Per Share	$2.85	$2.26
Diluted Earnings Per Share	$2.84	$2.25
COMMON SHARES
Basic Shares Outstanding	23.55M shares	23.53M shares
Diluted Shares Outstanding	23.64M shares	23.61M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$47.00M	$43.33M
YoY Change	-10.75%	3.25%
Cash & Equivalents	$46.98M	$43.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$2.938B	$2.754B
Prepaid Expenses
Receivables	$35.70M	$48.17M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.021B	$2.845B
YoY Change	3.23%	4.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$41.87M	$42.79M
YoY Change	60.73%	110.65%
Goodwill	$12.02M	$12.02M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$118.9M	$135.2M
YoY Change	231.59%
Other Assets	$44.30M	$34.11M
YoY Change	11.46%	-22.06%
Total Long-Term Assets	$314.2M	$294.2M
YoY Change	68.34%	102.07%
TOTAL ASSETS
Total Short-Term Assets	$3.021B	$2.845B
Total Long-Term Assets	$314.2M	$294.2M
Total Assets	$3.335B	$3.140B
YoY Change	7.14%	9.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$67.30M	$59.37M
YoY Change	21.83%	47.81%
Accrued Expenses	$121.0M	$123.8M
YoY Change	4.01%	6.18%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$209.9M	$201.5M
YoY Change	-4.19%	8.66%
LONG-TERM LIABILITIES
Long-Term Debt	$1.309B	$1.189B
YoY Change	6.44%	2.87%
Other Long-Term Liabilities	$13.20M	$18.40M
YoY Change	-76.7%	-0.72%
Total Long-Term Liabilities	$1.323B	$1.207B
YoY Change	2.78%	2.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$209.9M	$201.5M
Total Long-Term Liabilities	$1.323B	$1.207B
Total Liabilities	$1.532B	$1.409B
YoY Change	1.76%	3.61%
SHAREHOLDERS EQUITY
Retained Earnings	$1.838B	$1.771B
YoY Change	10.94%	13.07%
Common Stock	$275.0K	$275.0K
YoY Change	1.1%	1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$355.0M	$355.0M
YoY Change	0.0%	0.0%
Treasury Stock Shares
Shareholders Equity	$1.803B	$1.731B
YoY Change
Total Liabilities & Shareholders Equity	$3.335B	$3.140B
YoY Change	7.14%	9.26%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$67.04M	$53.13M
YoY Change	-25.83%	-56.93%
Depreciation, Depletion And Amortization	$800.0K	$505.0K
YoY Change	98.02%	32.2%
Cash From Operating Activities	-$115.5M	$15.24M
YoY Change	20.0%	-112.14%
INVESTING ACTIVITIES
Capital Expenditures	$500.0K	$195.0K
YoY Change	-881.25%
Acquisitions
YoY Change
Other Investing Activities	-$100.0K	-$1.792M
YoY Change	-124.21%	65.62%
Cash From Investing Activities	-$800.0K	-$1.987M
YoY Change	-329.23%	83.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	120.0M	-12.88M
YoY Change	12.58%	-111.18%
NET CHANGE
Cash From Operating Activities	-115.5M	15.24M
Cash From Investing Activities	-800.0K	-1.987M
Cash From Financing Activities	120.0M	-12.88M
Net Change In Cash	3.700M	368.0K
YoY Change	-65.38%	-103.24%
FREE CASH FLOW
Cash From Operating Activities	-$115.5M	$15.24M
Capital Expenditures	$500.0K	$195.0K
Free Cash Flow	-$116.0M	$15.04M
YoY Change	20.6%	-111.98%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9373	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	15501	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	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	57659000	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	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
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	37443000	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
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5304000	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	6257000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	987000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1564000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7115000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-711000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-5803000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	547579000	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 Accounts Payable IncreaseDecreaseInAccountsPayable	25990000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	22249000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-263300000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2455000	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	371177000	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	20000000	usd
	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	0	usd
	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	0	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2567000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3704000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	95102000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	257212000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8543000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	41971000	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>
CY2022Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1911307000	usd
CY2022Q4	us-gaap	Inventory Operative Builders Other InventoryOperativeBuildersOther	35074000	usd
CY2022Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	287069000	usd
CY2022Q4	us-gaap	Inventory Finished Homes InventoryFinishedHomes	523054000	usd
CY2022Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2756504000	usd
CY2022Q4	lgih	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	141792000	usd
CY2022Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2898296000	usd
	lgih	Transfer Of Real Estate Inventory To Rental Properties TransferOfRealEstateInventoryToRentalProperties	5500000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Term Of Contract LessorOperatingLeaseTermOfContract	P1Y
CY2022Q4	lgih	Land Financing Arrangements LandFinancingArrangements	141792000	usd
CY2022Q4	lgih	Real Estate Inventory Development And Construction Payable RealEstateInventoryDevelopmentAndConstructionPayable	73678000	usd
CY2023Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	12394000	usd
CY2023Q2	lgih	Inventory Related Obligations InventoryRelatedObligations	12920000	usd
CY2022Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	13039000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	16811000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	12900000	usd
CY2023Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	12150000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10750000	usd
CY2023Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	10523000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	10906000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	5906000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	5437000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5182000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	19299000	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	340128000	usd
	lgih	Inventory Related Obligation Term InventoryRelatedObligationTerm	P30Y
CY2023Q2	lgih	Debt Instrument Covenant Secured Indebtedness Incurred By Subsidiaries Maximum Of Net Worth DebtInstrumentCovenantSecuredIndebtednessIncurredBySubsidiariesMaximumOfNetWorth	0.06
CY2023Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	14736000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11349000	usd
CY2023Q2	us-gaap	Notes Payable NotesPayable	1053397000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	1117001000	usd
CY2023Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	22118000	usd
CY2022Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	9438000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	41287000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	16465000	usd
CY2023Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	22118000	usd
CY2022Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	9438000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	41287000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	16465000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	0	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	0	usd
	us-gaap	Interest Expense InterestExpense	0	usd
	us-gaap	Interest Expense InterestExpense	0	usd
CY2023Q2	us-gaap	Interest Paid InterestPaid	14256000	usd
CY2022Q2	us-gaap	Interest Paid InterestPaid	4538000	usd
	us-gaap	Interest Paid InterestPaid	39756000	usd
	us-gaap	Interest Paid InterestPaid	14206000	usd
CY2023Q2	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5100000	usd
CY2022Q2	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	900000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	8200000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1600000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.228
CY2023Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	59700000	usd
CY2022Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	52000000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	59900000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	52400000	usd
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	75795	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	192970	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	157591	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	274022	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23608892	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23745853	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23615206	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23968263	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.26
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.24
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.41
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	8.53
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.25
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.20
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.39
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	8.43
CY2022Q1	lgih	Stock Repurchase Program Additional Amount Authorized StockRepurchaseProgramAdditionalAmountAuthorized	200000000	usd
CY2022Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	550000000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2022Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	417861	shares
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	37400000	usd
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	892916	shares
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	95100000	usd
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2939472	shares
CY2023Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	211500000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	53134000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	123376000	usd
	us-gaap	Net Income Loss NetIncomeLoss	80096000	usd
	us-gaap	Net Income Loss NetIncomeLoss	202062000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23533097	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23552883	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23457615	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23694241	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1287	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6042	shares
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	500000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1200000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1000000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	1000000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	900000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.057
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y6M
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage	1
CY2023Q2	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	24306000	usd
CY2022Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	22406000	usd
CY2023Q2	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	493627000	usd
CY2022Q4	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	411776000	usd
CY2023Q2	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	12463
CY2022Q4	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	13184
CY2023Q2	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	14300000	usd
CY2022Q4	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	12800000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	5000000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	4900000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	5400000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5200000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	600000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	883000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1484000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1250000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1086000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	962000	usd
CY2023Q2	lgih	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	527000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	6192000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	755000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	5437000	usd
CY2023Q2	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	348700000	usd
CY2022Q4	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	368100000	usd
	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	16900000	usd
CY2022	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	11200000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2900000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5300000	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1600000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1800000	usd
CY2023Q2	us-gaap	Revenues Revenues	645270000	usd
CY2022Q2	us-gaap	Revenues Revenues	723069000	usd
	us-gaap	Revenues Revenues	1132627000	usd
	us-gaap	Revenues Revenues	1269119000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	7	business
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	5	home
CY2023Q2	us-gaap	Revenues Revenues	645270000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	71409000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	163012000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	103757000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	262562000	usd
CY2023Q2	us-gaap	Assets Assets	3139539000	usd
CY2022Q4	us-gaap	Assets Assets	3124828000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001580670-23-000086-index-headers.html	Edgar Link	pending
0001580670-23-000086-index.html	Edgar Link	pending
0001580670-23-000086.txt	Edgar Link	pending
0001580670-23-000086-xbrl.zip	Edgar Link	pending
a63023ex311.htm	Edgar Link	pending
a63023ex312.htm	Edgar Link	pending
a63023ex321.htm	Edgar Link	pending
a63023ex322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lgih-20230630.htm	Edgar Link	pending
lgih-20230630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
lgih-20230630_def.xml	Edgar Link	unprocessable
lgih-20230630_lab.xml	Edgar Link	unprocessable
lgih-20230630_pre.xml	Edgar Link	unprocessable
lgih-20230630_htm.xml	Edgar Link	completed
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
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R42.htm	Edgar Link	pending
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R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
lgih-20230630_cal.xml	Edgar Link	unprocessable

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$LGIH
LGI Homes, Inc. Stock $lgih

2023 Q3 Form 10-Q Financial Statement

#000158067023000086 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH LGI Homes, Inc. Stock $lgih

2023 Q3 Form 10-Q Financial Statement

#000158067023000086 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH
LGI Homes, Inc. Stock $lgih