2024 Q1 Form 10-K Financial Statement

#000158067024000012 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $390.9M $608.4M $2.359B
YoY Change -19.8% 24.61% 2.35%
Cost Of Revenue $299.5M $465.8M $1.816B
YoY Change -22.93% 20.29% 9.56%
Gross Profit $91.40M $142.6M $542.2M
YoY Change -7.5% 41.17% -16.15%
Gross Profit Margin 23.39% 23.44% 22.99%
Selling, General & Admin $72.67M $82.79M $308.9M
YoY Change -0.13% 37.45% 20.44%
% of Gross Profit 79.5% 58.04% 56.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $673.0K $608.0K $2.408M
YoY Change 39.63% 37.56% 52.79%
% of Gross Profit 0.74% 0.43% 0.44%
Operating Expenses $72.67M $82.79M $308.9M
YoY Change -0.13% 37.45% 20.44%
Operating Profit $18.73M $59.84M $233.3M
YoY Change -28.09% 46.66% -40.21%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $4.361M $8.706M $28.50M
YoY Change -30.74% 43.92% 1.75%
Pretax Income $23.09M $68.55M $261.8M
YoY Change -28.61% 46.3% -37.4%
Income Tax $6.041M $16.46M $62.53M
% Of Pretax Income 26.16% 24.01% 23.89%
Net Earnings $17.05M $52.09M $199.2M
YoY Change -36.75% 52.69% -38.99%
Net Earnings / Revenue 4.36% 8.56% 8.45%
Basic Earnings Per Share $0.72 $8.48
Diluted Earnings Per Share $0.72 $2.19 $8.42
COMMON SHARES
Basic Shares Outstanding 23.58M shares 23.56M shares 23.51M shares
Diluted Shares Outstanding 23.68M shares 23.65M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.00M $48.98M $48.98M
YoY Change 14.03% 53.07% 53.07%
Cash & Equivalents $49.00M $48.98M $48.98M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $3.151B $3.108B $3.108B
Prepaid Expenses
Receivables $27.15M $41.32M $41.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.227B $3.198B $3.198B
YoY Change 15.62% 13.66% 13.66%
LONG-TERM ASSETS
Property, Plant & Equipment $49.78M $45.52M $45.52M
YoY Change 41.11% 37.96% 20.12%
Goodwill $12.02M $12.00M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $77.81M $104.5M $104.5M
YoY Change -49.45% -26.33% -26.33%
Other Assets $39.03M $38.52M $38.52M
YoY Change 23.71% 23.38% 23.38%
Total Long-Term Assets $295.4M $209.9M $209.9M
YoY Change -4.54% -32.55% -32.55%
TOTAL ASSETS
Total Short-Term Assets $3.227B $3.198B $3.198B
Total Long-Term Assets $295.4M $209.9M $209.9M
Total Assets $3.523B $3.408B $3.408B
YoY Change 13.61% 9.06% 9.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.16M $31.62M $31.62M
YoY Change 15.56% 25.03% 25.03%
Accrued Expenses $124.2M $271.9M $271.9M
YoY Change 8.52% 115.0% 115.0%
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 $178.0M $303.5M $303.5M
YoY Change -15.92% 48.53% 48.53%
LONG-TERM LIABILITIES
Long-Term Debt $1.461B $1.248B $1.248B
YoY Change 21.78% 11.76% 11.76%
Other Long-Term Liabilities $14.65M $12.07M $12.07M
YoY Change -3.72% -92.5% -92.5%
Total Long-Term Liabilities $1.476B $1.260B $1.260B
YoY Change 21.46% -1.38% -1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.0M $303.5M $303.5M
Total Long-Term Liabilities $1.476B $1.260B $1.260B
Total Liabilities $1.654B $1.552B $1.552B
YoY Change 15.91% 4.68% 4.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.907B $1.890B
YoY Change 11.02% 11.79%
Common Stock $276.0K $275.0K
YoY Change 0.36% 1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $365.0M $355.0M
YoY Change 2.82% 0.0%
Treasury Stock Shares
Shareholders Equity $1.869B $1.856B $1.856B
YoY Change
Total Liabilities & Shareholders Equity $3.523B $3.408B $3.408B
YoY Change 13.61% 9.06% 9.06%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $17.05M $52.09M $199.2M
YoY Change -36.75% 52.69% -38.99%
Depreciation, Depletion And Amortization $673.0K $608.0K $2.408M
YoY Change 39.63% 37.56% 52.79%
Cash From Operating Activities -$99.49M -$34.27M -$56.97M
YoY Change -228.21% 214.41% -84.62%
INVESTING ACTIVITIES
Capital Expenditures $1.001M $643.0K $1.443M
YoY Change 1217.11% 394.62% 21.57%
Acquisitions
YoY Change
Other Investing Activities $3.019M -$5.505M -$12.21M
YoY Change -163.17% 47.51% 155.28%
Cash From Investing Activities $2.018M -$6.048M -$13.65M
YoY Change -141.57% 56.6% 128.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$5.260M
YoY Change -105.88%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $97.49M 42.30M $87.60M
YoY Change -257.81% -816.76% -75.53%
NET CHANGE
Cash From Operating Activities -$99.49M -34.27M -$56.97M
Cash From Investing Activities $2.018M -6.048M -$13.65M
Cash From Financing Activities $97.49M 42.30M $87.60M
Net Change In Cash $18.00K 1.980M $16.98M
YoY Change -99.84% -109.58% -191.7%
FREE CASH FLOW
Cash From Operating Activities -$99.49M -$34.27M -$56.97M
Capital Expenditures $1.001M $643.0K $1.443M
Free Cash Flow -$100.5M -$34.91M -$58.41M
YoY Change -229.63% 216.54% -84.28%

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ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
235000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2023 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
66970000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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-13648000 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
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
887283000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
618910000 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1239818000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
746000000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
308000000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
969000000 usd
CY2023 lgih Proceeds From Land Financing Arrangements
ProceedsFromLandFinancingArrangements
50402000 usd
CY2022 lgih Proceeds From Land Financing Arrangements
ProceedsFromLandFinancingArrangements
149526000 usd
CY2021 lgih Proceeds From Land Financing Arrangements
ProceedsFromLandFinancingArrangements
0 usd
CY2023 lgih Payments On Financing Arrangements
PaymentsOnFinancingArrangements
95027000 usd
CY2022 lgih Payments On Financing Arrangements
PaymentsOnFinancingArrangements
8813000 usd
CY2021 lgih Payments On Financing Arrangements
PaymentsOnFinancingArrangements
0 usd
CY2023 us-gaap Payments Of Debt Extinguishment Costs
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0 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
10314000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14322000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4235000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10572000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5260000 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
CY2023 us-gaap Payments For Repurchase Of Common Stock
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0 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
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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87596000 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
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16980000 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
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48978000 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
CY2021Q2 lgih Business Combination Numberof Homesunder Construction
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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
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39100000 usd
CY2021Q3 lgih Business Combination Numberof Homesunder Construction
BusinessCombinationNumberofHomesunderConstruction
100 home
CY2021Q3 lgih Business Combination Ownedand Controlled Lots
BusinessCombinationOwnedandControlledLots
500 home
CY2021 us-gaap Impairment Of Real Estate
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0 usd
CY2023 us-gaap Impairment Of Real Estate
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0 usd
CY2022 us-gaap Impairment Of Real Estate
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CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
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6900000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
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8300000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 us-gaap Goodwill
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CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
33100000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
18700000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
7700000 usd
CY2023Q4 lgih Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
104459000 usd
CY2022Q4 lgih Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
141792000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2099133000 usd
CY2022Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1911307000 usd
CY2023Q4 us-gaap Inventory Operative Builders Other
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47936000 usd
CY2022Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
35074000 usd
CY2023Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
313124000 usd
CY2022Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
287069000 usd
CY2023Q4 us-gaap Inventory Finished Homes
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542996000 usd
CY2022Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
523054000 usd
CY2023Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
3003189000 usd
CY2022Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
2756504000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
3107648000 usd
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
2898296000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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51314000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36380000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5792000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3383000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
45522000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32997000 usd
CY2023 us-gaap Property Plant And Equipment Transfers And Changes
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13500000 usd
CY2023 us-gaap Depreciation
Depreciation
2400000 usd
CY2022 us-gaap Depreciation
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1600000 usd
CY2021 us-gaap Depreciation
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1100000 usd
CY2023Q4 lgih Land Financing Arrangements
LandFinancingArrangements
104459000 usd
CY2022Q4 lgih Land Financing Arrangements
LandFinancingArrangements
141792000 usd
CY2023Q4 us-gaap Retention Payable
RetentionPayable
71193000 usd
CY2022Q4 us-gaap Retention Payable
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73678000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
22550000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
12900000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
14694000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
47037000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13600000 usd
CY2023Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
11924000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10750000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
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13522000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10906000 usd
CY2022Q4 lgih Inventory Related Obligations
InventoryRelatedObligations
13039000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4947000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5182000 usd
CY2023Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
2909000 usd
CY2022Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
5545000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
12074000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
19299000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
271872000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
340128000 usd
CY2023 lgih Inventory Related Obligation Term
InventoryRelatedObligationTerm
P30Y
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
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8510000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11488000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11223000 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5660000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8588000 usd
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8723000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13600000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10750000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7850000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-21301000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-11349000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1248332000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1248332000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
1117001000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
115818000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
853815000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
300000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1269633000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21301000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1248332000 usd
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
87604000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
49281000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
28360000 usd
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
87604000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
49281000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
28360000 usd
CY2023 us-gaap Interest Expense
InterestExpense
0 usd
CY2022 us-gaap Interest Expense
InterestExpense
0 usd
CY2021 us-gaap Interest Expense
InterestExpense
0 usd
CY2023 us-gaap Interest Paid
InterestPaid
80963000 usd
CY2022 us-gaap Interest Paid
InterestPaid
41593000 usd
CY2021 us-gaap Interest Paid
InterestPaid
28850000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4000000 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
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
54013000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
77922000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
95343000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10492000 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
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
64505000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
91537000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
112342000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1638000 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
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-340000 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
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1978000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
788000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62527000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91549000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91549000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
113130000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
96500000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
56900000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
127900000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
54968000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8052000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
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
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-2230000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.009
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
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
3033000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.012
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
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-89000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
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
CY2023 lgih Federal Efficient Homes Tax Credits
FederalEfficientHomesTaxCredits
1207000 usd
CY2023 lgih Federal Efficient Homes Tax Credits Percent
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0.005
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
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0.030
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62527000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
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
CY2023 lgih Extension Of Federal Energy Efficient Homes Tax Credits
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CY2023 dei Auditor Firm
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