XML 68 R57.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

NOTES RECEIVABLE FROM MOBILE HOME PARKS - Narrative (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jun. 30, 2034 USD ($) | Jun. 30, 2024 USD ($) | Mar. 31, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) item | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) item | Mar. 31, 2023 USD ($)
Receivables |  |  |  |  |  |  |  |
Accrued interest rate |  |  |  |  | 17.50% |  |  |
Default loans included in notes receivable from MHP |  | $ 21,000 |  |  | $ 21,000 |  |  |
Default loans included in other notes receivable |  | 11,000 |  |  | $ 11,000 |  |  |
Property, Plant and Equipment |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Foreclosed assets |  |  | $ 1,100 |  |  |  |  |
Other assets |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Foreclosed assets | $ 4,300 |  | 1,200 |  |  |  |  |
Notes Receivable from Mobile Home Parks |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Interest rate on the MHP Notes |  |  |  |  | 8.00% |  | 8.00% |
Unamortized finance fees |  | 1,232 |  |  | $ 1,232 |  | $ 1,565 |
Charge offs |  | 0 |  | $ 0 | 0 | $ 0 |  |
Allowance for loan losses |  | 711 | $ 616 | $ 358 | 711 | $ 358 | 735 | $ 205
Outstanding principal balance |  | 184,730 |  |  | $ 184,730 |  | $ 184,280 |
Accrued interest rate |  |  |  |  | 17.50% |  |  |
Notes Receivable from Mobile Home Parks | Credit concentration risk | Pertaining to independent third parties |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Number of Independent third parties | item |  |  |  |  | 3 |  | 3 |
Notes Receivable from Mobile Home Parks | Financial Asset, Past Due |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Outstanding principal balance |  | 156 |  |  | $ 156 |  | $ 98 |
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates one |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Percentage of concentration risk |  |  |  |  | 23.80% |  | 24.50% |
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates two |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Percentage of concentration risk |  |  |  |  | 14.90% |  | 17.90% |
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates three |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Percentage of concentration risk |  |  |  |  | 13.30% |  | 14.00% |
MHP and Other Notes Receivable | Credit concentration risk | Independent third party and affiliates one | Independent Third Party One |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Outstanding principal balance |  | 49,000 |  |  | $ 49,000 |  |  |
Receivables currently in default and are the subject of ongoing litigation |  | $ 32,000 |  |  | $ 32,000 |  |  |
Minimum | Notes Receivable from Mobile Home Parks |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Fixed rate of interest (as a percent) |  |  |  |  | 6.90% |  |  |
Term of notes receivables |  |  |  |  | 1 year |  |  |
Maximum | Notes Receivable from Mobile Home Parks |  |  |  |  |  |  |  |
Receivables |  |  |  |  |  |  |  |
Fixed rate of interest (as a percent) |  |  |  |  | 12.50% |  |  |
Term of notes receivables |  |  |  |  | 10 years |  |  |

X
- Definition Represents the number of customers on whom the entity significantly rely giving rise to concentration risk. + References No definition available. + Details
Name: | legh_ConcentrationRiskNumberOfCustomers
Namespace Prefix: | legh_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the amount of default loans included in notes receivable from mobile home parks within one year or the normal operating cycle, if longer. + References No definition available. + Details
Name: | legh_DefaultLoansIncludedInNotesReceivableFromMobileHomeParksCurrent
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the amount of default loans included in other notes receivable within one year or the normal operating cycle, if longer. + References No definition available. + Details
Name: | legh_DefaultLoansIncludedInOtherNotesLoansAndFinancingReceivableNetCurrent
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of financing receivable in default and litigation as of the balance sheet date. + References No definition available. + Details
Name: | legh_FinancingReceivableDefaultAndLitigation
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Foreclosed assets during the period. + References No definition available. + Details
Name: | legh_ForeclosedAssetsDuringPeriod
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage of interest rate on default loans receivable. + References No definition available. + Details
Name: | legh_InterestRateOnDefaultLoansReceivable
Namespace Prefix: | legh_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the fixed rate of interest on loan receivable. + References No definition available. + Details
Name: | legh_LoansReceivableFixedRate
Namespace Prefix: | legh_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unamortized finance fees of a note receivable. + References No definition available. + Details
Name: | legh_NoteReceivableUnamortizedFinanceFees
Namespace Prefix: | legh_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Section 40 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481628/310-20-40-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 + Details
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-20 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (1) -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (3) -Publisher SEC Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of writeoff of financing receivable, charged against allowance for credit loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-79 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amortized cost, before allowance for credit loss, fee, and loan in process, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + Details
Name: | us-gaap_FinancingReceivableBeforeAllowanceForCreditLossAndFee
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The percentage points added to the reference rate or index during the adjustment period to compute the variable [fully indexed] rate on the loans receivable realized during the reporting period. This may be an effective margin for the period depending on the specific terms of the underlying loan agreement (for example, an annual disclosure for a loan with a quarterly adjustment period). + References No definition available. + Details
Name: | us-gaap_LoansReceivableBasisSpreadOnVariableRateDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementOfFinancialPositionLocationActivityAccrualAxis=us-gaap_PropertyPlantAndEquipmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementOfFinancialPositionLocationActivityAccrualAxis=us-gaap_OtherAssetsMember
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_ConcentrationRiskByTypeAxis=us-gaap_CreditConcentrationRiskMember
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: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetPastDueMember
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: | srt_MajorCustomersAxis=legh_IndependentThirdPartyAndAffiliates1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | srt_CounterpartyNameAxis=legh_IndependentThirdPartyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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: |