XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

NOTES RECEIVABLE FROM MOBILE HOME PARKS (Tables) - Notes Receivable from Mobile Home Parks | 9 Months Ended
--- | ---
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of notes receivable | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of September 30, | ​ | As of December 31,
​ | ​ | 2024 | ​ | 2023
Outstanding principal balance | ​ | $ | 203,374 | ​ | $ | 184,280
Loan discount and deferred financing fees | ​ | ​ | (1,137) | ​ | ​ | (1,565)
Allowance for loan losses | ​ |  | (753) | ​ |  | (735)
Total | ​ | $ | 201,484 | ​ | $ | 181,980
Schedule of allowance for loan losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | ​ | Nine months ended
​ | ​ | September 30, | ​ | ​ | September 30,
​ | ​ | 2024 | ​ | 2023 | ​ | ​ | 2024 | ​ | 2023
Allowance for loan losses, beginning of period | ​ | $ | 711 | ​ | $ | 358 | ​ | ​ | $ | 735 | ​ | $ | —
Provision for loan losses | ​ | ​ | 42 | ​ | ​ | 393 | ​ | ​ | ​ | 18 | ​ | ​ | 751
(Charge offs) recoveries | ​ |  | — | ​ |  | — | ​ | ​ |  | — | ​ |  | —
Allowance for loan losses, end of period | ​ | $ | 753 | ​ | $ | 751 | ​ | ​ | $ | 753 | ​ | $ | 751
Schedule of impaired and general reserve for allowance for loan losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of September 30, | ​ | As of December 31,
​ | ​ | 2024 | ​ | 2023
Total MHP loans | ​ | $ | 203,374 | ​ | $ | 184,280
Allowance for loan losses | ​ | ​ | 753 | ​ | ​ | 735
Impaired loans individually evaluated for impairment | ​ | ​ | — | ​ | ​ | 31,215
Specific reserve against impaired loans | ​ | ​ | — | ​ | ​ | 5
Other loans collectively evaluated for allowance | ​ |  | 203,374 | ​ |  | 153,065
General allowance for loan losses | ​ | ​ | 753 | ​ | ​ | 730
Schedule of disaggregation of outstanding principal balance of consumer loans receivable | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year of Origination
​ | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | Prior | ​ | Total | ​ | % of Portfolio
< 30 days past due | ​ | $ | 78,028 | ​ | $ | 38,870 | ​ | $ | 33,940 | ​ | $ | 21,683 | ​ | $ | 24,607 | ​ | $ | 2,435 | ​ | $ | 199,563 | ​ | % | 98.1
30-90 days past due | ​ | ​ | — | ​ | ​ | 3,811 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,811 | ​ | ​ | 1.9
> 90 days past due | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | 78,028 | ​ | $ | 42,681 | ​ | $ | 33,940 | ​ | $ | 21,683 | ​ | $ | 24,607 | ​ | $ | 2,435 | ​ | $ | 203,374 | ​ | % | 100.0
​

X
- Definition Tabular disclosure of impaired and general reserve for allowance for loan losses. + References No definition available. + Details
Name: | legh_ImpairedAndGeneralReserveForAllowanceForLoanLossesTableTextBlock
Namespace Prefix: | legh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of notes receivable. + References No definition available. + Details
Name: | legh_NotesReceivableTableTextBlock
Namespace Prefix: | legh_
Data Type: | dtr-types:textBlockItemType
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 Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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