2024 Q1 Form 10-K Financial Statement

#000172138624000007 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $294.0M $397.6M $1.210B
YoY Change 21.64% -6.65% -16.35%
Cost Of Revenue $250.6M $331.6M $995.0M
YoY Change 26.7% -4.93% -14.19%
Gross Profit $43.46M $66.05M $215.0M
YoY Change -1.16% -14.44% -25.08%
Gross Profit Margin 14.78% 16.61% 17.77%
Selling, General & Admin $44.57M $48.80M $174.7M
YoY Change 13.73% 12.1% -2.21%
% of Gross Profit 102.55% 73.87% 81.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.320M $1.326M $5.104M
YoY Change -6.91% 20.11% -8.02%
% of Gross Profit 3.04% 2.01% 2.37%
Operating Expenses $44.57M $48.80M $174.7M
YoY Change 13.73% 12.1% -2.21%
Operating Profit -$1.109M $17.26M $40.28M
YoY Change -123.18% -48.74% -62.8%
Interest Expense $10.60M $36.30M
YoY Change 130.43% 24262.42%
% of Operating Profit 90.11%
Other Income/Expense, Net $1.813M $1.491M $4.261M
YoY Change 89.84% 104.25% -6863.49%
Pretax Income $704.0K $18.75M $44.55M
YoY Change -87.74% -45.51% -55.92%
Income Tax -$30.00K $5.572M $11.90M
% Of Pretax Income -4.26% 29.72% 26.7%
Net Earnings $190.0K $12.48M $29.24M
YoY Change -94.1% -50.04% -60.25%
Net Earnings / Revenue 0.06% 3.14% 2.42%
Basic Earnings Per Share $0.01 $0.75
Diluted Earnings Per Share $0.01 $0.33 $0.75
COMMON SHARES
Basic Shares Outstanding 36.13M shares 37.80M shares 38.89M shares
Diluted Shares Outstanding 36.80M shares 39.08M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.5M $119.6M $119.6M
YoY Change -11.18% -3.3% -3.3%
Cash & Equivalents $121.5M $119.6M $119.6M
Short-Term Investments
Other Short-Term Assets $8.993M $8.993M
YoY Change 83.68% 83.68%
Inventory $1.197B $1.122B $1.122B
Prepaid Expenses
Receivables $3.100M $5.954M $5.954M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.321B $1.256B $1.256B
YoY Change 8.49% 2.21% 2.21%
LONG-TERM ASSETS
Property, Plant & Equipment $13.80M $24.53M $24.53M
YoY Change -2.35% -2.35%
Goodwill $68.64M $68.64M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $19.00K $19.00K
YoY Change -53.66% -53.66%
Other Assets $18.46M $67.58M $67.58M
YoY Change 568.84% 120.34% 120.34%
Total Long-Term Assets $222.3M $215.0M $215.0M
YoY Change 5.64% 1.7% 1.7%
TOTAL ASSETS
Total Short-Term Assets $1.321B $1.256B $1.256B
Total Long-Term Assets $222.3M $215.0M $215.0M
Total Assets $1.543B $1.471B $1.471B
YoY Change 8.07% 2.13% 2.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.71M $77.97M $77.97M
YoY Change 41.99% 4.73% 4.73%
Accrued Expenses $191.9M $155.4M $155.4M
YoY Change 41.97% 6.46% 6.46%
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 $281.5M $238.9M $238.9M
YoY Change 41.79% 6.31% 6.31%
LONG-TERM LIABILITIES
Long-Term Debt $585.2M $543.8M $543.8M
YoY Change 13.2% 7.59% 7.59%
Other Long-Term Liabilities $200.0K $180.0K $180.0K
YoY Change
Total Long-Term Liabilities $585.4M $544.0M $544.0M
YoY Change 13.24% 7.62% 7.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $281.5M $238.9M $238.9M
Total Long-Term Liabilities $585.4M $544.0M $544.0M
Total Liabilities $866.9M $782.9M $818.4M
YoY Change 21.16% 7.22% 4.31%
SHAREHOLDERS EQUITY
Retained Earnings $187.8M $187.6M
YoY Change 16.22% 18.46%
Common Stock $459.5M $465.3M
YoY Change -7.48% -6.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $647.3M $652.9M $652.9M
YoY Change
Total Liabilities & Shareholders Equity $1.543B $1.471B $1.471B
YoY Change 8.07% 2.13% 2.13%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $190.0K $12.48M $29.24M
YoY Change -94.1% -50.04% -60.25%
Depreciation, Depletion And Amortization $1.320M $1.326M $5.104M
YoY Change -6.91% 20.11% -8.02%
Cash From Operating Activities -$33.24M $25.06M $27.17M
YoY Change -706.81% -74.74% 69.85%
INVESTING ACTIVITIES
Capital Expenditures $1.907M $1.948M $7.478M
YoY Change 22.01% 38.45% 36.73%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.907M -$1.948M -$7.478M
YoY Change 22.01% 38.45% -97.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $34.42M
YoY Change -15.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $37.08M -37.04M -$23.77M
YoY Change 301.42% -56.08% -184.87%
NET CHANGE
Cash From Operating Activities -$33.24M 25.06M $27.17M
Cash From Investing Activities -$1.907M -1.948M -$7.478M
Cash From Financing Activities $37.08M -37.04M -$23.77M
Net Change In Cash $1.937M -13.94M -$4.079M
YoY Change -85.27% -203.68% -98.14%
FREE CASH FLOW
Cash From Operating Activities -$33.24M $25.06M $27.17M
Capital Expenditures $1.907M $1.948M $7.478M
Free Cash Flow -$35.14M $23.11M $19.69M
YoY Change -997.85% -76.37% 87.05%

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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2826000 usd
CY2023 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
31990000 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
13022000 usd
CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-7539000 usd
CY2023 lhi Increase Decrease In Real Estate Inventories
IncreaseDecreaseInRealEstateInventories
29543000 usd
CY2022 lhi Increase Decrease In Real Estate Inventories
IncreaseDecreaseInRealEstateInventories
12846000 usd
CY2021 lhi Increase Decrease In Real Estate Inventories
IncreaseDecreaseInRealEstateInventories
59655000 usd
CY2023 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
604000 usd
CY2022 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-721000 usd
CY2021 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
1802000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-33738000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
53930000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7307000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3523000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5617000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
35850000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9987000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
13139000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3466000 usd
CY2023 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-3000 usd
CY2022 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-1473000 usd
CY2021 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27167000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15995000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33400000 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
7478000 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
5469000 usd
CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3176000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
578000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
22134000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
258727000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
44537000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7478000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-263618000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25579000 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
547500000 usd
CY2022 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
281612000 usd
CY2021 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
910487000 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
504300000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
240228000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
737683000 usd
CY2023 lhi Proceeds From Merger Related Financing Activities
ProceedsFromMergerRelatedFinancingActivities
0 usd
CY2022 lhi Proceeds From Merger Related Financing Activities
ProceedsFromMergerRelatedFinancingActivities
0 usd
CY2021 lhi Proceeds From Merger Related Financing Activities
ProceedsFromMergerRelatedFinancingActivities
64434000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
695000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
848000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 usd
CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
16500000 usd
CY2023 lhi Repayments To Satisfy Convertible Note
RepaymentsToSatisfyConvertibleNote
0 usd
CY2022 lhi Repayments To Satisfy Convertible Note
RepaymentsToSatisfyConvertibleNote
0 usd
CY2021 lhi Repayments To Satisfy Convertible Note
RepaymentsToSatisfyConvertibleNote
1500000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34417000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40547000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
55000000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
22309000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3995000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
224000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2605000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1832000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9360000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3885000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8522000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23768000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28004000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
225384000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4079000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-219619000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
233205000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123634000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
343253000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110048000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3200000 usd
CY2023 lhi Standard Product Warranty Term
StandardProductWarrantyTerm
P10Y
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Certain reclassifications have been made in the prior year’s financial statements to conform to classifications used in the current year. The consolidated balance sheet for the year ended December 31, 2022, has been revised to reflect the reclassification of investment in and advances to unconsolidated joint ventures of less than $0.1 million to other assets. The consolidated statements of operations for the years ended December 31, 2022 and 2021, have been revised to reflect the reclassification of $0.1 million and $1.3 million, respectively, from equity in net income of unconsolidated joint ventures to other income, net. Additionally, the consolidated statements of cash flows for these years have been revised to reflect a reclassification of equity in net income of unconsolidated joint ventures of $0.1 million and $1.3 million, respectively, to the change in other assets.</span></div>
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates.</span></div>
CY2022Q4 lhi Number Of Joint Venture
NumberOfJointVenture
2 joint_venture
CY2023Q4 lhi Number Of Joint Venture
NumberOfJointVenture
2 joint_venture
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Depreciation
Depreciation
1800000 usd
CY2022 us-gaap Depreciation
Depreciation
2000000 usd
CY2021 us-gaap Depreciation
Depreciation
1700000 usd
CY2023 us-gaap Advertising Costs Policy Capitalized Direct Response Advertising
AdvertisingCostsPolicyCapitalizedDirectResponseAdvertising
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Capitalized Selling and Marketing Costs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—In accordance with ASC 606, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue from Contracts with Customers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and ASC 340, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Assets and Deferred Cost, </span>costs incurred for tangible assets directly used in the sales process such as the Company’s sales offices, and model landscaping and furnishings are capitalized to property and equipment which is included in other assets in the accompanying consolidated balance sheets. These costs are amortized to selling and marketing expenses generally over the estimated life of the selling community.
CY2023 lhi Amortization Of Capitalized Selling And Marketing Costs
AmortizationOfCapitalizedSellingAndMarketingCosts
2600000 usd
CY2022 lhi Amortization Of Capitalized Selling And Marketing Costs
AmortizationOfCapitalizedSellingAndMarketingCosts
600000 usd
CY2021 lhi Amortization Of Capitalized Selling And Marketing Costs
AmortizationOfCapitalizedSellingAndMarketingCosts
2000000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6900000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
5100000 usd
CY2023Q4 lhi Inventory Real Estate Model Homes
InventoryRealEstateModelHomes
57073000 usd
CY2022Q4 lhi Inventory Real Estate Model Homes
InventoryRealEstateModelHomes
21575000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
1121726000 usd
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
1093369000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquistion
CY2023Q4 lhi Inventory Real Estate Deposits And Pre Acquisition Costs
InventoryRealEstateDepositsAndPreAcquisitionCosts
99702000 usd
CY2022Q4 lhi Inventory Real Estate Deposits And Pre Acquisition Costs
InventoryRealEstateDepositsAndPreAcquisitionCosts
101395000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
272825000 usd
CY2022Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
191047000 usd
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
692126000 usd
CY2022Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
779352000 usd
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
52200000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
35600000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
27200000 usd
CY2023 us-gaap Interest Expense
InterestExpense
36300000 usd
CY2022 us-gaap Interest Expense
InterestExpense
40500000 usd
CY2021 us-gaap Interest Expense
InterestExpense
34800000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
18486000 usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
13569000 usd
CY2023Q4 lhi Property Equipment And Capitalized Selling And Marketing Costs Net
PropertyEquipmentAndCapitalizedSellingAndMarketingCostsNet
12663000 usd
CY2022Q4 lhi Property Equipment And Capitalized Selling And Marketing Costs Net
PropertyEquipmentAndCapitalizedSellingAndMarketingCostsNet
9533000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11869000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15589000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5954000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
7180000 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
0 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
44000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8993000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4896000 usd
CY2023Q4 lhi Project Funds Held In Escrow
ProjectFundsHeldInEscrow
2388000 usd
CY2022Q4 lhi Project Funds Held In Escrow
ProjectFundsHeldInEscrow
44159000 usd
CY2023Q4 lhi Warranty And General Liability Insurance Receivables
WarrantyAndGeneralLiabilityInsuranceReceivables
27406000 usd
CY2022Q4 lhi Warranty And General Liability Insurance Receivables
WarrantyAndGeneralLiabilityInsuranceReceivables
27109000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
19000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
41000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
20095000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
11889000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
107873000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
134009000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15800000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11500000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
6000000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
7200000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1100000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3167000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
48949000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46657000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11600000 usd
CY2023Q4 lhi Land Development And Home Construction Accrual
LandDevelopmentAndHomeConstructionAccrual
51478000 usd
CY2022Q4 lhi Land Development And Home Construction Accrual
LandDevelopmentAndHomeConstructionAccrual
39716000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
48949000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46657000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
26029000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
18920000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13070000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16428000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
1646000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
1448000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
4636000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
3420000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2775000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4351000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2023Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
8227000 usd
CY2022Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
15046000 usd
CY2023Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
3266000 usd
CY2022Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
3440000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
160256000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
149426000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46657000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15692000 usd
CY2023 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
0 usd
CY2022 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
18018000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
10457000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16114000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8165000 usd
CY2022Q1 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
18000000 usd
CY2022 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
3800000 usd
CY2023Q4 lhi Number Of Construction Loan
NumberOfConstructionLoan
1 loanforconstruction
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
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
315000000 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
250000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
565000000 usd
CY2023Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
96200000 usd
CY2023Q4 lhi Land Under Purchase Options Refundable Amount
LandUnderPurchaseOptionsRefundableAmount
1000000 usd
CY2023Q4 lhi Land Under Purchase Options Total Remaining Purchase Price
LandUnderPurchaseOptionsTotalRemainingPurchasePrice
663100000 usd
CY2022Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
98400000 usd
CY2022Q4 lhi Land Under Purchase Options Refundable Amount
LandUnderPurchaseOptionsRefundableAmount
800000 usd
CY2022Q4 lhi Land Under Purchase Options Total Remaining Purchase Price
LandUnderPurchaseOptionsTotalRemainingPurchasePrice
620200000 usd
CY2022 lhi Land Under Purchase Options Expected Purchase Period
LandUnderPurchaseOptionsExpectedPurchasePeriod
P4Y
CY2023Q4 lhi Lessee Operating Lease Option To Extend Number
LesseeOperatingLeaseOptionToExtendNumber
1 extension
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
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CY2023 dei Auditor Firm
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CY2021 dei Auditor Firm
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