Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 32

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
In determining the most appropriate reportable segments, we consider operating segments’ economic and other characteristics, including home floor plans, average selling prices, gross margin percentage, geographical proximity, production construction processes, suppliers, subcontractors, regulatory environments, customer type and underlying demand and supply.  Each operating segment follows the same accounting policies and is managed by our management team.  We have no inter-segment sales, as all sales are to external customers. Operating results for each segment may not be indicative of the results for such segment had it been an independent, stand-alone entity for the periods presented.Our Chief Executive Officer and Chairman of the Board and our President and Chief Operating Officer have been determined to be our chief operating decision-makers (“CODMs”). The CODMs primarily evaluate the segments’ operating performance and allocate resources for all of our reportable segments based on net income before income taxes. For all of the segments, the CODMs use segment net income before income tax expense in the annual budget and forecasting process. These operating results are reviewed against actual and forecasted figures, with net income before income taxes being the key operating metric used to measure profit or loss.

19

Financial information relating to our reportable segments was as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenues:Central$101,146 $99,355 $164,439 $101,146 $313,487 $103,736 $441,609 Southeast101,682 101,419 155,205 101,682 353,211 116,445 407,068 Northwest34,237 49,408 83,061 34,237 137,132 36,067 187,253 West66,956 91,699 150,646 66,956 258,994 73,079 351,880 Florida47,399 54,751 98,503 47,399 168,713 61,524 257,392 Total home sales revenues$351,420 $396,632 $651,854 $351,420 $1,231,537 $390,851 $1,645,202 Cost of sales:Central$76,913 $125,225 $244,089 $337,419 Southeast76,506 112,052 269,650 292,455 Northwest