Company: LGIH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001580670-25-000043
Chunk: 13

Company: LGI Homes, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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elling expenses42,342 41,128 General and administrative31,202 31,540    Operating income169 18,733 Other income, net(5,555)(4,361)Net income before income taxes5,724 23,094 Income tax provision 1,730 6,041 Net income$3,994 $17,053 Earnings per share:Basic$0.17 $0.72 Diluted$0.17 $0.72 Weighted average shares outstanding:Basic23,396,470 23,578,576 Diluted23,466,746 23,675,353 

See accompanying notes to the consolidated financial statements.

5

Table of Contents

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(Unaudited)

(In thousands, except share data)

 Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockTotal EquitySharesAmountBALANCE—December 31, 202427,644,413 $276 $337,161 $2,085,787 $(385,996)$2,037,228 Net income— — — 3,994 — 3,994 Restricted stock units granted for accrued annual bonuses— — 540 — — 540 Stock repurchase— — — — (3,051)(3,051)Compensation expense for equity awards— — 2,625 — — 2,625 Stock issued under employee incentive plans49,113 1 1,189 — — 1,190 BALANCE— March 31, 202527,693,526 $277 $341,515 $2,089,781 $(389,047)$2,042,526 +

Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockTotal EquitySharesAmountBALANCE—December 31, 202327,521,120 $275 $321,062 $1,889,716 $(355,022)$1,856,031 Net income— — — 17,053 — 17,053 Restricted stock units granted for accrued annual bonuses— — 786 — — 786 Stock repurchase— — — — (10,002)(10,002)Compensation expense