XML 54 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1

NOTES RECEIVABLE FROM MOBILE HOME PARKS ("MHP Notes") (Tables) - Notes Receivable from Mobile Home Parks

12 Months Ended

Dec. 31, 2024

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of notes receivable

​

​	​	​	​	​	​	​	​	​	​
​	​	As of December 31,		​	As of December 31,		​	As of December 31,
​	​	2024		​	2023		​	2022
Outstanding principal balance	​	$	208,175	​	$	184,280	​	$	143,810
Loan discount and deferred financing fees	​	​	(1,057)	​	​	(1,565)	​	​	(1,068)
Allowance for loan losses	​		(654)	​		(735)	​		—
Total	​	$	206,464	​	$	181,980	​	$	142,742

Schedule of allowance for loan losses

​

​	​	​	​	​	​	​
​	​	Year ended
​	​	December 31,
​	​	2024		​	2023
Allowance for loan losses, beginning of period	​	$	735	​	$	—
Provision for loan losses	​	​	(81)	​	​	735
(Charge offs) recoveries	​		—	​		—
Allowance for loan losses, end of period	​	$	654	​	$	735

Schedule of impaired and general reserve for allowance for loan losses

​

​	​	​	​	​	​	​
​	​	As of December 31,		​	As of December 31,
​	​	2024		​	2023
Total MHP loans	​	$	208,175	​	$	184,280
Allowance for loan losses	​	​	654	​	​	735
Impaired loans individually evaluated for impairment	​	​	—	​	​	31,215
Specific reserve against impaired loans	​	​	—	​	​	5
Other loans collectively evaluated for allowance	​		208,175	​		153,065
General allowance for loan losses	​	​	654	​	​	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

​

$

89,545

​

$

41,630

​

$

33,509

​

$

21,346

​

$

20,362

​

$

1,371

​

$

207,763

​

%

99.8

30-90 days past due

​

​

410

​

​

—

​

​

—

​

​

—

​

​

1

​

​

—

​

​

411

​

​

0.2

> 90 days past due

​

​

—

​

​

—

​

​

—

​

​

—

​

​

1

​

​

—

​

​

1

​

​

—

Total

​

$

89,955

​

$

41,630

​

$

33,509

​

$

21,346

​

$

20,364

​

$

1,371

​

$

208,175

​

%

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: