$LSEA
Landsea Homes Corp Stock $lsea

$lsea Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000172138624000018 Filed on August 01, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$338.5M	$431.1M
YoY Change	22.04%	47.03%
Cost Of Revenue	$279.7M	$367.0M
YoY Change	25.37%	51.27%
Gross Profit	$58.82M	$64.18M
YoY Change	8.35%	26.68%
Gross Profit Margin	17.38%	14.89%
Selling, General & Admin	$45.38M	$54.22M
YoY Change	7.04%	22.35%
% of Gross Profit	77.15%	84.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.129M	$1.850M
YoY Change	74.51%	62.42%
% of Gross Profit	3.62%	2.88%
Operating Expenses	$45.38M	$54.22M
YoY Change	7.04%	22.35%
Operating Profit	$13.44M	$9.958M
YoY Change	13.01%	56.89%
Interest Expense	$13.60M	$18.00M
YoY Change	36.0%	146.58%
% of Operating Profit	101.19%	180.76%
Other Income/Expense, Net	$1.449M	-$5.353M
YoY Change	120.88%	-561.86%
Pretax Income	$14.89M	$4.605M
YoY Change	18.65%	-38.65%
Income Tax	$3.500M	$1.400M
% Of Pretax Income	23.51%	30.4%
Net Earnings	$11.11M	$2.885M
YoY Change	29.25%	-41.68%
Net Earnings / Revenue	3.28%	0.67%
Basic Earnings Per Share	$0.31	$0.08
Diluted Earnings Per Share	$0.30	$0.08
COMMON SHARES
Basic Shares Outstanding	36.28M shares	36.18M shares
Diluted Shares Outstanding	36.50M shares	36.37M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$32.20M	$82.15M
YoY Change	-75.88%	10.74%
Cash & Equivalents	$32.20M	$82.15M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$1.408B	$1.350B
Prepaid Expenses
Receivables	$2.600M	$2.600M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.440B	$1.435B
YoY Change	11.19%	19.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$24.80M	$24.90M
YoY Change	92.25%	80.43%
Goodwill	$155.6M	$152.3M
YoY Change	126.69%	121.92%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$4.054M	$24.07M
YoY Change	-63.15%	1164.23%
Total Long-Term Assets	$286.1M	$308.0M
YoY Change	57.58%	48.59%
TOTAL ASSETS
Total Short-Term Assets	$1.440B	$1.435B
Total Long-Term Assets	$286.1M	$308.0M
Total Assets	$1.727B	$1.743B
YoY Change	16.89%	23.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$95.92M	$95.47M
YoY Change	32.67%	30.96%
Accrued Expenses	$216.6M	$219.6M
YoY Change	45.3%	58.6%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$313.5M	$315.9M
YoY Change	41.0%	48.86%
LONG-TERM LIABILITIES
Long-Term Debt	$732.1M	$754.1M
YoY Change	32.54%	56.22%
Other Long-Term Liabilities	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Total Long-Term Liabilities	$732.1M	$754.1M
YoY Change	32.3%	56.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$313.5M	$315.9M
Total Long-Term Liabilities	$732.1M	$754.1M
Total Liabilities	$1.046B	$1.070B
YoY Change	34.8%	42.8%
SHAREHOLDERS EQUITY
Retained Earnings	$201.8M	$190.7M
YoY Change	15.22%	14.5%
Common Stock	$461.1M	$460.0M
YoY Change	-3.51%	-6.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$662.8M	$650.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.727B	$1.743B
YoY Change	16.89%	23.91%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$11.11M	$2.885M
YoY Change	29.25%	-41.68%
Depreciation, Depletion And Amortization	$2.129M	$1.850M
YoY Change	74.51%	62.42%
Cash From Operating Activities	-$18.62M	$33.64M
YoY Change	-237.68%	-299.14%
INVESTING ACTIVITIES
Capital Expenditures	$1.468M	$1.712M
YoY Change	-25.1%	-14.74%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$235.0M
YoY Change
Cash From Investing Activities	-$1.468M	-$236.8M
YoY Change	-25.1%	11690.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-29.87M	163.8M
YoY Change	-162.57%	-474.78%
NET CHANGE
Cash From Operating Activities	-18.62M	33.64M
Cash From Investing Activities	-1.468M	-236.8M
Cash From Financing Activities	-29.87M	163.8M
Net Change In Cash	-49.95M	-39.34M
YoY Change	-184.24%	-37.15%
FREE CASH FLOW
Cash From Operating Activities	-$18.62M	$33.64M
Capital Expenditures	$1.468M	$1.712M
Free Cash Flow	-$20.08M	$31.92M
YoY Change	-273.73%	-268.92%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Profit Loss ProfitLoss	3235000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	240000	usd
CY2024Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	625000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	865000	usd
CY2024Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	7357000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	672882000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	688352000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	976000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1299000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1543000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	6509000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	14150000	usd
	us-gaap	Profit Loss ProfitLoss	3969000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	672882000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	712618000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	145000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1731000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	7532000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	932000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	5866000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	711606000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	710319000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	695000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1370000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	7532000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1845000	usd
	us-gaap	Profit Loss ProfitLoss	9989000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	711606000	usd
	us-gaap	Profit Loss ProfitLoss	3969000	usd
	us-gaap	Profit Loss ProfitLoss	9989000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3170000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2557000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4700000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1543000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1370000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-5180000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Noncash Project Abandonment Costs NoncashProjectAbandonmentCosts	1954000	usd
	us-gaap	Noncash Project Abandonment Costs NoncashProjectAbandonmentCosts	312000	usd
	lhi	Debt Issuance Cost Writeoff DebtIssuanceCostWriteoff	0	usd
	lhi	Debt Issuance Cost Writeoff DebtIssuanceCostWriteoff	436000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	264000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	346000	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	-25020000	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	-15197000	usd
	lhi	Increase Decrease In Real Estate Inventories IncreaseDecreaseInRealEstateInventories	47760000	usd
	lhi	Increase Decrease In Real Estate Inventories IncreaseDecreaseInRealEstateInventories	35138000	usd
	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	221000	usd
	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	366000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3606000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-2104000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	15030000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1547000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-4142000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-11374000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	401000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-11414000	usd
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	3619000	usd
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	3571000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	235043000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-238662000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3571000	usd
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	473047000	usd
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	190000000	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	240545000	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	214300000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1299000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	695000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	976000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6452000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	7476000	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	14150000	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	1845000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	2324000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	147000	usd
	lhi	Payment Of Debt Issuance And Modification Costs PaymentOfDebtIssuanceAndModificationCosts	8397000	usd
	lhi	Payment Of Debt Issuance And Modification Costs PaymentOfDebtIssuanceAndModificationCosts	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	200856000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-34463000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-37405000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-49448000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	119555000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	123634000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	82150000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	6	segment
	us-gaap	Use Of Estimates UseOfEstimates	<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span>—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.
CY2024Q2	lhi	Inventory Real Estate Deposits And Pre Acquisition Costs InventoryRealEstateDepositsAndPreAcquisitionCosts	124883000	usd
CY2023Q4	lhi	Inventory Real Estate Deposits And Pre Acquisition Costs InventoryRealEstateDepositsAndPreAcquisitionCosts	99702000	usd
CY2024Q2	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	505631000	usd
CY2023Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	272825000	usd
CY2024Q2	us-gaap	Inventory Real Estate Construction In Process InventoryRealEstateConstructionInProcess	701819000	usd
CY2023Q4	us-gaap	Inventory Real Estate Construction In Process InventoryRealEstateConstructionInProcess	692126000	usd
CY2024Q2	lhi	Inventory Real Estate Model Homes InventoryRealEstateModelHomes	17832000	usd
CY2023Q4	lhi	Inventory Real Estate Model Homes InventoryRealEstateModelHomes	57073000	usd
CY2024Q2	us-gaap	Inventory Real Estate InventoryRealEstate	1350165000	usd
CY2023Q4	us-gaap	Inventory Real Estate InventoryRealEstate	1121726000	usd
CY2023Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4700000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4700000	usd
CY2024Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	21600000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	36900000	usd
CY2023Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	11300000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	23200000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	18000000.0	usd
	us-gaap	Interest Expense InterestExpense	28600000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	7300000	usd
	us-gaap	Interest Expense InterestExpense	11900000	usd
CY2024Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	2600000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	6000000.0	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	200000	usd
CY2023Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	1100000	usd
CY2024Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	200000	usd
CY2024Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	49101000	usd
CY2023Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	46230000	usd
CY2023Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	48949000	usd
CY2022Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	46657000	usd
CY2024Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2535000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	1263000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	4271000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	2174000	usd
CY2024Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2374000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1266000	usd
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	3958000	usd
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2604000	usd
CY2024Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	49262000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	46227000	usd
CY2024Q2	lhi	Lessee Operating Lease Option To Extend Number LesseeOperatingLeaseOptionToExtendNumber	1	extension
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y2M12D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y8M12D
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.080
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.055
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	24900000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	26000000.0	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	11900000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	13100000	usd
CY2024Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	900000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	1600000	usd
CY2023Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	800000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	1900000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	5293000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	8862000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	5608000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	3456000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2384000	usd
CY2024Q2	lhi	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	4958000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	30561000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	4546000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	26015000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1400000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1300000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1600000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3300000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.298
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.252
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.218
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.246
	lhi	Number Of Geographic Regions NumberOfGeographicRegions	6	segment
	lhi	Number Of Geographic Regions NumberOfGeographicRegions	6	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	6	segment
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	431143000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	293244000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	725184000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	534984000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4605000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7506000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5309000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13246000	usd
CY2024Q2	us-gaap	Assets Assets	1742910000	usd
CY2023Q4	us-gaap	Assets Assets	1471232000	usd
CY2023Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4700000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4700000	usd
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000.0	shares
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000.0	shares
CY2024Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	41700000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	36300000	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q2	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	15525000	shares
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	2885000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	4947000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3075000	usd
	us-gaap	Net Income Loss NetIncomeLoss	8165000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	36199850	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	39891982	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	36239765	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	39944549	shares
CY2024Q2	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Call Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfCallWarrants	0	shares
CY2023Q2	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Call Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfCallWarrants	0	shares
	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Call Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfCallWarrants	12575	shares
	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Call Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfCallWarrants	0	shares
CY2024Q2	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Options IncrementalCommonSharesAttributableToDilutiveEffectOfOptions	77029	shares
CY2023Q2	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Options IncrementalCommonSharesAttributableToDilutiveEffectOfOptions	0	shares
	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Options IncrementalCommonSharesAttributableToDilutiveEffectOfOptions	114851	shares
	lhi	Incremental Common Shares Attributable To Dilutive Effect Of Options IncrementalCommonSharesAttributableToDilutiveEffectOfOptions	0	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	92948	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	79749	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	191671	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	115182	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	36369827	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39971731	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	36558862	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40059731	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.08
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.08
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.08
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.20
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1800000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	200000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2500000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2200000	shares
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	7600000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	6691000	usd
	lhi	Change In Right Of Use Assets For New Modified Or Terminated Operating Leases ChangeInRightOfUseAssetsForNewModifiedOrTerminatedOperatingLeases	14296000	usd
	lhi	Change In Right Of Use Assets For New Modified Or Terminated Operating Leases ChangeInRightOfUseAssetsForNewModifiedOrTerminatedOperatingLeases	338000	usd
	lhi	Conversion Of Deferred Offering Costs To Additional Paid In Capital ConversionOfDeferredOfferingCostsToAdditionalPaidInCapital	5140000	usd
	lhi	Conversion Of Deferred Offering Costs To Additional Paid In Capital ConversionOfDeferredOfferingCostsToAdditionalPaidInCapital	0	usd
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001721386-24-000018-index-headers.html	Edgar Link	pending
0001721386-24-000018-index.html	Edgar Link	pending
0001721386-24-000018.txt	Edgar Link	pending
0001721386-24-000018-xbrl.zip	Edgar Link	pending
exhibit311-certificationx2.htm	Edgar Link	pending
exhibit312-certificationx2.htm	Edgar Link	pending
exhibit321-certificationx2.htm	Edgar Link	pending
exhibit322-certificationx2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lhi-20240630.htm	Edgar Link	pending
lhi-20240630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
lhi-20240630_lab.xml	Edgar Link	unprocessable
lhi-20240630_pre.xml	Edgar Link	unprocessable
lhi-20240630_htm.xml	Edgar Link	completed
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
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R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
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R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.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
lhi-20240630_cal.xml	Edgar Link	unprocessable
lhi-20240630_def.xml	Edgar Link	unprocessable

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$LSEA
Landsea Homes Corp Stock $lsea

2024 Q3 Form 10-Q Financial Statement

#000172138624000018 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LSEA Landsea Homes Corp Stock $lsea

2024 Q3 Form 10-Q Financial Statement

#000172138624000018 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LSEA
Landsea Homes Corp Stock $lsea