XML 21 R40.htm IDEA: XBRL DOCUMENT
v3.20.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable, Consumer Loans Receivable, Notes Receivable from Mobile Home Parks, Other Notes Receivable (Details) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 USD ($) item | Dec. 31, 2018 USD ($)
Accounts Receivable |  |
Credit period | 30 days |
Allowance for doubtful accounts | $ 457 | $ 341
Consumer Loans Receivable |  |
Average contractual interest rate | 14.00% | 14.00%
Escrow liability | $ 7,530 | $ 5,951
Number of components comprising the allowance for loan losses | item | 2 |
General reserve calculation, period of historical loss rate | 3 years |
Principal outstanding on consumer loans | $ 1,677 | 1,445
Repossessed Assets | $ 1,846 | $ 1,175
Interest rate spread on the MHP Notes | 4.00% |
Interest rate on the MHP notes above prime | 8.00% |
Interest rate on the MHP Notes | 8.70% | 9.20%
Minimum |  |
Consumer Loans Receivable |  |
Consumer loans receivable term | 5 years |
Term of notes receivables | 4 years | 4 years
Interest rate on the other notes | 6.25% |
Maximum |  |
Consumer Loans Receivable |  |
Consumer loans receivable term | 25 years |
Term of notes receivables | 15 years | 15 years
Interest rate on the other notes | 12.00% |
Notes Receivable from Mobile Home Parks |  |
Consumer Loans Receivable |  |
Charge offs | $ 0 | $ 0
Allowance for loan losses | 0 | 0
Other Note Receivable |  |
Consumer Loans Receivable |  |
Allowance for loan losses | $ 74 | $ 63
Notes Receivable from Mobile Home Parks | Customer concentration risk | Independent third party and affiliates |  |
Consumer Loans Receivable |  |
Concentration risk percentage | 38.30% | 8.10%

X
- Definition The credit period offered, within which for customers has to pay the amounts due. + References No definition available. + Details
Name: | legh_AccountsReceivablesCreditPeriod
Namespace Prefix: | legh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number components which comprises allowance for loan losses. + References No definition available. + Details
Name: | legh_ComponentsOfAllowanceForLoanLosses
Namespace Prefix: | legh_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The average contractual interest rate per loan . + References No definition available. + Details
Name: | legh_ConsumerLoansReceivableAverageContractualInterestRate
Namespace Prefix: | legh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period of maturity of consumer loans receivable, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | legh_ConsumerLoansReceivableMaturityTerm
Namespace Prefix: | legh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the amount of escrow liability outstanding. + References No definition available. + Details
Name: | legh_EscrowLiabilityNoncurrent
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The period of historical loss rate considered for the calculation of general reserve by the company. + References No definition available. + Details
Name: | legh_GeneralReserveCalculationPeriodOfHistoricalLossRateConsidered
Namespace Prefix: | legh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate for notes receivable from Mobile Home Parks. + References No definition available. + Details
Name: | legh_NotesReceivableFromMobileHomeParksBasisSpreadOnVariableRate
Namespace Prefix: | legh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage added to the prime rate to compute the interest rate for MHP Notes. + References No definition available. + Details
Name: | legh_NotesReceivableFromMobileHomeParksInterestRateAbovePrimeRate
Namespace Prefix: | legh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The average effective interest rate during the reporting period for notes receivable from Mobile Home Parks + References No definition available. + Details
Name: | legh_NotesReceivableFromMobileHomeParksInterestRateDuringPeriod
Namespace Prefix: | legh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fixed interest rate on the other notes. + References No definition available. + Details
Name: | legh_OtherNotesReceivableFixedInterestRate
Namespace Prefix: | legh_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Term of notes receivables. + References No definition available. + Details
Name: | legh_TermOfNotesReceivables
Namespace Prefix: | legh_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountsReceivableNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AllowanceForDoubtfulAccountsReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition A valuation allowance for financing receivables that are expected to be uncollectible. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of direct write-downs of financing receivables charged against the allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Recorded investment in financing receivables that are on nonaccrual status as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524 + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying amount as of the balance sheet date of all assets obtained in full or partial satisfaction of a debt arrangement through foreclosure proceedings or defeasance; includes real and personal property; equity interests in corporations, partnerships, and joint ventures; and beneficial interests in trusts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5162-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82891408&loc=d3e4437-111522 + Details
Name: | us-gaap_ForeclosedAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LoansAndLeasesReceivableOtherInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=legh_ReceivableFromMobileHomeParksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=legh_OtherNoteReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=legh_ReceivableFromMobileHomeParksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByTypeAxis=us-gaap_CustomerConcentrationRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MajorCustomersAxis=legh_IndependentThirdPartiesAndAffiliatesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |