Fair Value (Details) - Landsea Homes [Member] - USD ($) $ in Thousands |
Dec. 31, 2020 |
Dec. 31, 2019 |
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Liabilities: | ||||||
Long-term Construction Loan, Current | [1] | $ 67,757 | $ 92,640 | |||
Long-term Line of Credit | [1] | 140,142 | 8,680 | |||
Notes Payable, Related Parties | [2] | 59,216 | 95,010 | |||
Loans Payable | [2] | 5,144 | 0 | |||
Fair Value, Inputs, Level 2 [Member] | ||||||
Liabilities: | ||||||
Long-term Construction Loan, Current | [1] | 67,757 | 92,640 | |||
Long-term Line of Credit | [1] | 140,142 | 8,680 | |||
Notes Payable, Related Parties | [2] | 59,216 | 95,010 | |||
Loans Payable | [2] | $ 5,144 | $ 0 | |||
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- References No definition available.
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents the current portion of a long-term real estate loan to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount for notes payable (written promise to pay), due to related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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