$LGIH
LGI Homes, Inc. Stock $lgih

$lgih Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000158067023000093 Filed on October 31, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$608.4M	$617.5M
YoY Change	24.61%	12.88%
Cost Of Revenue	$465.8M	$458.7M
YoY Change	20.29%	17.24%
Gross Profit	$142.6M	$158.8M
YoY Change	41.17%	1.93%
Gross Profit Margin	23.44%	25.72%
Selling, General & Admin	$82.79M	$76.53M
YoY Change	37.45%	25.0%
% of Gross Profit	58.04%	48.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$608.0K	$800.0K
YoY Change	37.56%	98.02%
% of Gross Profit	0.43%	0.5%
Operating Expenses	$82.79M	$76.53M
YoY Change	37.45%	25.0%
Operating Profit	$59.84M	$82.28M
YoY Change	46.66%	-13.01%
Interest Expense		$0.00
YoY Change
% of Operating Profit		0.0%
Other Income/Expense, Net	$8.706M	$7.200M
YoY Change	43.92%	-49.02%
Pretax Income	$68.55M	$89.45M
YoY Change	46.3%	-17.71%
Income Tax	$16.46M	$22.41M
% Of Pretax Income	24.01%	25.05%
Net Earnings	$52.09M	$67.04M
YoY Change	52.69%	-25.83%
Net Earnings / Revenue	8.56%	10.86%
Basic Earnings Per Share		$2.85
Diluted Earnings Per Share	$2.19	$2.84
COMMON SHARES
Basic Shares Outstanding	23.56M shares	23.55M shares
Diluted Shares Outstanding		23.64M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$48.98M	$47.00M
YoY Change	53.07%	-10.75%
Cash & Equivalents	$48.98M	$46.98M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$3.108B	$2.938B
Prepaid Expenses
Receivables	$41.32M	$35.70M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.198B	$3.021B
YoY Change	13.66%	3.23%
LONG-TERM ASSETS
Property, Plant & Equipment	$45.52M	$41.87M
YoY Change	37.96%	60.73%
Goodwill	$12.00M	$12.02M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$104.5M	$118.9M
YoY Change	-26.33%	231.59%
Other Assets	$38.52M	$44.30M
YoY Change	23.38%	11.46%
Total Long-Term Assets	$209.9M	$314.2M
YoY Change	-32.55%	68.34%
TOTAL ASSETS
Total Short-Term Assets	$3.198B	$3.021B
Total Long-Term Assets	$209.9M	$314.2M
Total Assets	$3.408B	$3.335B
YoY Change	9.06%	7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$31.62M	$67.30M
YoY Change	25.03%	21.83%
Accrued Expenses	$271.9M	$121.0M
YoY Change	115.0%	4.01%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$303.5M	$209.9M
YoY Change	48.53%	-4.19%
LONG-TERM LIABILITIES
Long-Term Debt	$1.248B	$1.309B
YoY Change	11.76%	6.44%
Other Long-Term Liabilities	$12.07M	$13.20M
YoY Change	-92.5%	-76.7%
Total Long-Term Liabilities	$1.260B	$1.323B
YoY Change	-1.38%	2.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$303.5M	$209.9M
Total Long-Term Liabilities	$1.260B	$1.323B
Total Liabilities	$1.552B	$1.532B
YoY Change	4.68%	1.76%
SHAREHOLDERS EQUITY
Retained Earnings	$1.890B	$1.838B
YoY Change	11.79%	10.94%
Common Stock	$275.0K	$275.0K
YoY Change	1.1%	1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$355.0M	$355.0M
YoY Change	0.0%	0.0%
Treasury Stock Shares
Shareholders Equity	$1.856B	$1.803B
YoY Change
Total Liabilities & Shareholders Equity	$3.408B	$3.335B
YoY Change	9.06%	7.14%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$52.09M	$67.04M
YoY Change	52.69%	-25.83%
Depreciation, Depletion And Amortization	$608.0K	$800.0K
YoY Change	37.56%	98.02%
Cash From Operating Activities	-$34.27M	-$115.5M
YoY Change	214.41%	20.0%
INVESTING ACTIVITIES
Capital Expenditures	$643.0K	$500.0K
YoY Change	394.62%	-881.25%
Acquisitions
YoY Change
Other Investing Activities	-$5.505M	-$100.0K
YoY Change	47.51%	-124.21%
Cash From Investing Activities	-$6.048M	-$800.0K
YoY Change	56.6%	-329.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	42.30M	120.0M
YoY Change	-816.76%	12.58%
NET CHANGE
Cash From Operating Activities	-34.27M	-115.5M
Cash From Investing Activities	-6.048M	-800.0K
Cash From Financing Activities	42.30M	120.0M
Net Change In Cash	1.980M	3.700M
YoY Change	-109.58%	-65.38%
FREE CASH FLOW
Cash From Operating Activities	-$34.27M	-$115.5M
Capital Expenditures	$643.0K	$500.0K
Free Cash Flow	-$34.91M	-$116.0M
YoY Change	216.54%	20.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Treasury Stock Value TreasuryStockValue	355022000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1802675000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3335011000	usd
CY2023Q3	us-gaap	Revenues Revenues	617539000	usd
CY2023Q3	us-gaap	Selling Expense SellingExpense	49781000	usd
CY2023Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	7173000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	89449000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22407000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23546061	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23640686	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1642412000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	206000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3103000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1546000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1674229000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	53134000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2360000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1289000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1731012000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	123376000	usd
	us-gaap	Revenues Revenues	1750166000	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	26748000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	82276000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26962000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	67042000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	67042000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3123000	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1498000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1802675000	usd
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
CY2022Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1154000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1606981000	usd
	us-gaap	Net Income Loss NetIncomeLoss	292452000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3990000	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3202000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1134000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	7055000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1634000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	2206000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	8586000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	8631000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	3438000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1439000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10508000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-20459000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	194360000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	791682000	usd
	us-gaap	Increase Decrease In Earnest Money Deposits Outstanding IncreaseDecreaseInEarnestMoneyDepositsOutstanding	9630000	usd
	us-gaap	Increase Decrease In Earnest Money Deposits Outstanding IncreaseDecreaseInEarnestMoneyDepositsOutstanding	-8592000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-30873000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-27456000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	42002000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	41070000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-34980000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	43824000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-22675000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-359552000	usd
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	848000	usd
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	1057000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	11619000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	1284000	usd
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	4871000	usd
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	235000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7596000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2106000	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	335864000	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	534876000	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	260000000	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	110000000	usd
	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	50402000	usd
CY2022	lgih	Proceeds From Land Financing Arrangements ProceedsFromLandFinancingArrangements	35858000	usd
	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	79784000	usd
CY2022	lgih	Payments On Financing Arrangements PaymentsOnFinancingArrangements	4119000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	5561000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2567000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4333000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4858000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	95102000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	45254000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	363804000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	14983000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2146000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50514000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	46981000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	52660000	usd
CY2022Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10050000	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>
CY2023Q3	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1965477000	usd
CY2022Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1911307000	usd
CY2023Q3	us-gaap	Inventory Operative Builders Other InventoryOperativeBuildersOther	44276000	usd
CY2022Q4	us-gaap	Inventory Operative Builders Other InventoryOperativeBuildersOther	35074000	usd
CY2023Q3	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	580802000	usd
CY2022Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	287069000	usd
CY2023Q3	us-gaap	Inventory Finished Homes InventoryFinishedHomes	347506000	usd
CY2022Q4	us-gaap	Inventory Finished Homes InventoryFinishedHomes	523054000	usd
CY2023Q3	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2938061000	usd
CY2022Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	2756504000	usd
CY2023Q3	lgih	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	118905000	usd
CY2022Q4	lgih	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	141792000	usd
CY2023Q3	us-gaap	Inventory Real Estate InventoryRealEstate	3056966000	usd
CY2022Q4	us-gaap	Inventory Real Estate InventoryRealEstate	2898296000	usd
	lgih	Transfer Of Real Estate Inventory To Rental Properties TransferOfRealEstateInventoryToRentalProperties	9800000	usd
CY2023Q3	us-gaap	Lessor Operating Lease Term Of Contract LessorOperatingLeaseTermOfContract	P1Y
CY2023Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	13000000	usd
CY2022Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10050000	usd
CY2023Q2	lgih	Debt Instrument Covenant Secured Indebtedness Incurred By Subsidiaries Maximum Of Net Worth DebtInstrumentCovenantSecuredIndebtednessIncurredBySubsidiariesMaximumOfNetWorth	0.06
CY2023Q3	lgih	Land Financing Arrangements LandFinancingArrangements	118905000	usd
CY2022Q4	lgih	Land Financing Arrangements LandFinancingArrangements	141792000	usd
CY2023Q3	lgih	Real Estate Inventory Development And Construction Payable RealEstateInventoryDevelopmentAndConstructionPayable	66052000	usd
CY2022Q4	lgih	Real Estate Inventory Development And Construction Payable RealEstateInventoryDevelopmentAndConstructionPayable	73678000	usd
CY2023Q3	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	16321000	usd
CY2022Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	47037000	usd
CY2023Q3	lgih	Inventory Related Obligations InventoryRelatedObligations	12743000	usd
CY2022Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	13039000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	15935000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	12900000	usd
CY2023Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7918000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	10906000	usd
CY2023Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	5284000	usd
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	5545000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	5311000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5182000	usd
CY2023Q3	us-gaap	Other Liabilities OtherLiabilities	13212000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	19299000	usd
CY2023Q3	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	274681000	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	340128000	usd
	lgih	Inventory Related Obligation Term InventoryRelatedObligationTerm	P30Y
CY2022Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	9350000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10750000	usd
CY2021Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	7850000	usd
CY2022Q3	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	2985000	usd
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	6450000	usd
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	8092000	usd
CY2022Q3	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	2285000	usd
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	4200000	usd
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	5892000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	13849000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11349000	usd
CY2023Q3	us-gaap	Notes Payable NotesPayable	1190366000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	1117001000	usd
CY2023Q3	us-gaap	Interest Costs Incurred InterestCostsIncurred	21578000	usd
CY2022Q3	us-gaap	Interest Costs Incurred InterestCostsIncurred	14583000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	62865000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	31048000	usd
CY2023Q3	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	21578000	usd
CY2022Q3	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	14583000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	62865000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	31048000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	0	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	0	usd
	us-gaap	Interest Expense InterestExpense	0	usd
	us-gaap	Interest Expense InterestExpense	0	usd
CY2023Q3	us-gaap	Interest Paid InterestPaid	23358000	usd
CY2022Q3	us-gaap	Interest Paid InterestPaid	14874000	usd
	us-gaap	Interest Paid InterestPaid	63114000	usd
	us-gaap	Interest Paid InterestPaid	29080000	usd
CY2023Q3	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2400000	usd
CY2022Q3	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	900000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10600000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2500000	usd
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.251
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.238
CY2023Q3	us-gaap	Income Taxes Paid IncomeTaxesPaid	20200000	usd
CY2022Q3	us-gaap	Income Taxes Paid IncomeTaxesPaid	3800000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	80000000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	56200000	usd
CY2022Q1	lgih	Stock Repurchase Program Additional Amount Authorized StockRepurchaseProgramAdditionalAmountAuthorized	200000000	usd
CY2022Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	550000000	usd
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2023Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
	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
CY2023Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	211500000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	67042000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	90390000	usd
	us-gaap	Net Income Loss NetIncomeLoss	147138000	usd
	us-gaap	Net Income Loss NetIncomeLoss	292452000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23546061	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23272811	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23562374	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23552211	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	94625	shares
CY2022Q3	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	215514	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	133721	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	252875	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23640686	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23488325	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23696095	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23805086	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.85
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.88
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	6.24
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	12.42
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.84
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.85
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	6.21
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	12.29
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1749	shares
CY2022Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2396	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4735	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	10797	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage	1
CY2023Q3	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	32427000	usd
CY2022Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	22406000	usd
CY2023Q3	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	620591000	usd
CY2022Q4	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	411776000	usd
CY2023Q3	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	15808
CY2022Q4	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	13184
CY2023Q3	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	13000000	usd
CY2022Q4	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	12800000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	5000000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	4900000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	5300000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5200000	usd
CY2023Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	700000	usd
CY2022Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	500000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1900000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1600000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	1400000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	1300000	usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.058
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y4M24D
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	439000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1535000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1307000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1145000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1022000	usd
CY2023Q3	lgih	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	596000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	6044000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	733000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	5311000	usd
CY2023Q3	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	382900000	usd
CY2022Q4	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	368100000	usd
	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	16500000	usd
CY2022	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	11200000	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3200000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	8500000	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2200000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4000000	usd
CY2023Q3	us-gaap	Revenues Revenues	617539000	usd
CY2022Q3	us-gaap	Revenues Revenues	547074000	usd
	us-gaap	Revenues Revenues	1816193000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	7	business
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	5	home
CY2023Q3	us-gaap	Revenues Revenues	617539000	usd
CY2022Q3	us-gaap	Revenues Revenues	547074000	usd
	us-gaap	Revenues Revenues	1750166000	usd
	us-gaap	Revenues Revenues	1816193000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	89449000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	108701000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	193206000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	371263000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	7100000	usd
CY2022Q3	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	7100000	usd
CY2023Q3	us-gaap	Assets Assets	3335011000	usd
CY2022Q4	us-gaap	Assets Assets	3124828000	usd
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001580670-23-000093-index-headers.html	Edgar Link	pending
0001580670-23-000093-index.html	Edgar Link	pending
0001580670-23-000093.txt	Edgar Link	pending
0001580670-23-000093-xbrl.zip	Edgar Link	pending
a93023ex311.htm	Edgar Link	pending
a93023ex312.htm	Edgar Link	pending
a93023ex321.htm	Edgar Link	pending
a93023ex322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lgih-20230930.htm	Edgar Link	pending
lgih-20230930.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
lgih-20230930_def.xml	Edgar Link	unprocessable
lgih-20230930_pre.xml	Edgar Link	unprocessable
lgih-20230930_htm.xml	Edgar Link	completed
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
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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-20230930_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
lgih-20230930_lab.xml	Edgar Link	unprocessable

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$LGIH
LGI Homes, Inc. Stock $lgih

2023 Q4 Form 10-Q Financial Statement

#000158067023000093 Filed on October 31, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH LGI Homes, Inc. Stock $lgih

2023 Q4 Form 10-Q Financial Statement

#000158067023000093 Filed on October 31, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH
LGI Homes, Inc. Stock $lgih