Cover - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2020 |
Mar. 08, 2021 |
Jun. 30, 2020 |
|
| Schedule of Capitalization, Equity [Line Items] | |||
| Document Type | 10-K/A | ||
| Amendment Flag | true | ||
| Amendment Description | Landsea Homes Corporation (formerly known as LF Capital Acquisition Corp. or “LF Capital”) was originally incorporated on June 29, 2017 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On June 22, 2018, LF Capital consummated an initial public offering, after which its securities began trading on The Nasdaq Capital Market (“Nasdaq”). On January 7, 2021 (the “Closing Date”), Landsea Homes Corporation consummated the previously announced business combination pursuant to that certain Agreement and Plan of Merger dated August 31, 2020 (the “Merger Agreement”), by and among LF Capital, LFCA Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of LF Capital (“Merger Sub”), Landsea Homes Incorporated, a Delaware corporation (“Landsea”), and Landsea Holdings Corporation, a Delaware corporation (the “Seller” or “Landsea Holdings”), which provided for the merger of Merger Sub with and into Landsea, with Landsea continuing as the surviving corporation (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”). In connection with the Business Combination, the registrant changed its name from LF Capital Acquisition Corp. to Landsea Homes Corporation, and Landsea changed its name from Landsea Homes Incorporated to Landsea Homes US Corporation. Following the Business Combination, Landsea Holdings Corporation beneficially holds a majority of the voting power of all outstanding shares of the common stock, par value $0.0001 per share, of Landsea Homes Corporation (“Common Stock”). Following the Closing Date, Landsea Homes Corporation changed the trading symbols for its Common Stock (formerly Class A common stock) and warrants on Nasdaq from “LFAC” and “LFAC-W” to “LSEA” and “LSEA-W.” Unless the context otherwise requires, references to “the Company,” “we,” “us” and “our” refer to LF Capital Acquisition Corp. prior to the closing of the Business Combination and to the post-combination company and its consolidated subsidiaries following the Business Combination, and “Landsea Homes” refers to the business of Landsea Homes Incorporated prior to the Business Combination. This Annual Report on Form 10-K (the “Annual Report”) principally describes the business and operations of the Company following the Business Combination, other than the audited consolidated financial statements for the year ended December 31, 2020 and related Management’s Discussion and Analysis of Financial Condition and Results of Operations of LF Capital prior to the Business Combination. Substantially concurrently with the filing of this Annual Report, we will be filing Amendment No. 1 to our Current Report on Form 8-K, initially filed on January 13, 2021, which will include the audited consolidated financial statements of Landsea Homes Corporation for the year ended December 31, 2020 and related Management’s Discussion and Analysis of Financial Condition and Results of Operations. Interested parties should refer to our Current Report on Form 8-K for more information. | ||
| Document Annual Report | true | ||
| Document Transition Report | false | ||
| Document Period End Date | Dec. 31, 2020 | ||
| Document Fiscal Period Focus | FY | ||
| Document Fiscal Year Focus | 2020 | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity File Number | 001-38545 | ||
| Entity Registrant Name | LANDSEA HOMES CORPORATION | ||
| Entity Central Index Key | 0001721386 | ||
| Entity Tax Identification Number | 82-2196021 | ||
| Entity Incorporation, State or Country Code | DE | ||
| Entity Address, Address Line One | 660 Newport Center Drive | ||
| Entity Address, Address Line Two | Suite 300 | ||
| Entity Address, City or Town | Newport Beach | ||
| Entity Address, State or Province | CA | ||
| Entity Address, Postal Zip Code | 92660 | ||
| City Area Code | 949 | ||
| Local Phone Number | 345-8080 | ||
| Entity Well-known Seasoned Issuer | No | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Interactive Data Current | No | ||
| Entity Filer Category | Non-accelerated Filer | ||
| Entity Small Business | true | ||
| Entity Emerging Growth Company | true | ||
| Elected Not To Use the Extended Transition Period | false | ||
| Entity Shell Company | false | ||
| Entity Public Float | $ 146,355,252 | ||
| Entity Common Stock, Shares Outstanding | 46,231,025 | ||
| ICFR Auditor Attestation Flag | false | ||
| Common Stock, $0.0001 par value per share | |||
| Schedule of Capitalization, Equity [Line Items] | |||
| Title of 12(b) Security | Common Stock, $0.0001 par value per share | ||
| Trading Symbol | LSEA | ||
| Security Exchange Name | NASDAQ | ||
| Warrants exercisable for Common Stock | |||
| Schedule of Capitalization, Equity [Line Items] | |||
| Title of 12(b) Security | Warrants exercisable for Common Stock | ||
| Trading Symbol | LSEAW | ||
| Security Exchange Name | NASDAQ |