Post-effective amendment to a registration statement that is not immediately effective upon filing

Consolidated Statements of Operation

v3.20.4
Consolidated Statements of Operation - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Gross margin      
General and administrative expenses $ 2,470,314 $ 826,307  
Loss from operations (2,670,365) (1,026,307)  
(Loss) income before income tax expense (1,976,046) 2,447,690  
Income tax expense 120,449 675,854  
Net (loss) income (2,096,495) 1,771,836  
Net (loss) income attributable to Landsea Homes Incorporated (9,084,000) 22,391,000 $ 36,706,000
Landsea Homes [Member]      
Revenue      
Total revenue 734,608,000 630,988,000 378,617,000
Cost of sales      
Total cost of sales 639,737,000 531,529,000 306,304,000
Inventory impairments 3,413,000 0 0
Gross margin      
Total gross margin 94,871,000 99,459,000 72,313,000
Sales and marketing expenses 48,100,000 26,522,000 16,266,000
General and administrative expenses 42,598,000 34,884,000 26,313,000
Total operating expenses 90,698,000 61,406,000 42,579,000
Loss from operations 4,173,000 38,053,000 29,734,000
Other income (expense), net 80,000 (1,602,000) (993,000)
Equity in net (loss) income of unconsolidated joint ventures (including related party interest of $1,146, $1,908, and $4,095, respectively) (16,418,000) (7,901,000) 13,018,000
Impairment of real estate held for sale (440,000)
(Loss) income before income tax expense (12,165,000) 28,550,000 41,319,000
Income tax expense (3,081,000) 6,159,000 4,613,000
Net (loss) income (9,084,000) 22,391,000 36,706,000
Net (loss) income attributable to noncontrolling interests (133,000) 5,191,000 7,522,000
Net (loss) income attributable to Landsea Homes Incorporated $ (8,951,000) $ 17,200,000 $ 29,184,000
Earnings (loss) per share:      
Basic and diluted $ (8,951) $ 17,200 $ 29,184
Weighted average shares outstanding:      
Basic and diluted 1,000 1,000 1,000
Landsea Homes [Member] | Home Sales [Member]      
Revenue      
Total revenue $ 734,608,000 $ 568,872,000 $ 347,828,000
Cost of sales      
Total cost of sales 636,324,000 478,054,000 278,976,000
Gross margin      
Total gross margin 94,871,000 90,818,000 68,852,000
Landsea Homes [Member] | Lot Sales [Member]      
Revenue      
Total revenue 0 62,116,000 30,789,000
Cost of sales      
Total cost of sales 0 53,475,000 27,328,000
Gross margin      
Total gross margin $ 0 $ 8,641,000 $ 3,461,000