XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

OTHER NOTES RECEIVABLE | 6 Months Ended
--- | ---
Jun. 30, 2020
OTHER NOTES RECEIVABLE |
OTHER NOTES RECEIVABLE | 4. OTHER NOTES RECEIVABLE Other notes receivable relate to various notes issued to mobile park owners and dealers, which are not directly tied to sale of mobile homes. The other notes have varying maturity dates and call for monthly principal and interest payments. The other notes are collateralized by mortgages on real estate, units being financed and used as offices, as well as vehicles, and are typically personally guaranteed by the borrowers. The interest rate on the other notes are fixed and range from 6.25% to 12.00%. The Company reserves for estimated losses on the other notes based on current economic conditions that may affect the borrower’s ability to pay, the borrower’s financial strength, and historical loss experience. The balance outstanding on the other notes receivable were as follows:
|  | As of June 30, |  | As of December 31,
|  | 2020 |  | 2019
Outstanding principal balance |  | $ | 13,712 |  | $ | 13,552
Allowance for loan losses |  |  | (72) |  |  | (74)
Total |  | $ | 13,640 |  | $ | 13,478

X
- Definition No definition available + References No definition available. + Details
Name: | legh_OtherNotesReceivableAbstract
Namespace Prefix: | legh_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of other notes receivable. + References No definition available. + Details
Name: | legh_OtherNotesReceivableTextBlock
Namespace Prefix: | legh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration