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: