Lamar Advertising (LAMR) 10-Q 8 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	LAMR
Entity Registrant Name	LAMAR ADVERTISING CO/NEW
Entity Central Index Key	1,090,425
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		83,613,629
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14,420,085
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	899,045
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Class Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 42,884	$ 35,530
Receivables, net of allowance for doubtful accounts	218,944	189,935
Prepaid lease expenses	74,025	48,815
Other current assets	49,485	39,973
Total current assets	385,338	314,253
Property, plant and equipment	3,331,392	3,294,251
Less accumulated depreciation and amortization	(2,154,869)	(2,111,536)
Net property, plant and equipment	1,176,523	1,182,715
Goodwill	1,726,444	1,726,358
Intangible assets	615,858	637,153
Other assets	41,914	38,405
Total assets	3,946,077	3,898,884
Current liabilities:
Trade accounts payable	17,960	17,653
Current maturities of long-term debt, net of deferred financing costs	17,471	33,916
Accrued expenses	110,340	134,433
Deferred income	114,798	91,322
Total current liabilities	260,569	277,324
Long-term debt, net of deferred financing costs	2,374,383	2,315,267
Deferred income tax liabilities	210	279
Asset retirement obligation	211,493	210,889
Other liabilities	28,317	25,597
Total liabilities	2,874,972	2,829,356
Stockholders’ equity:
Additional paid-in capital	1,751,519	1,713,312
Accumulated comprehensive income	264	(624)
Accumulated deficit	(659,476)	(630,955)
Cost of shares held in treasury, 331,284 and 216,088 shares at 2017 and 2016, respectively	(21,300)	(12,303)
Stockholders’ equity	1,071,105	1,069,528
Total liabilities and stockholders’ equity	3,946,077	3,898,884
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	42,384	35,030
Receivables, net of allowance for doubtful accounts	218,944	189,935
Prepaid lease expenses	74,025	48,815
Other current assets	49,485	39,973
Total current assets	384,838	313,753
Property, plant and equipment	3,331,392	3,294,251
Less accumulated depreciation and amortization	(2,154,869)	(2,111,536)
Net property, plant and equipment	1,176,523	1,182,715
Goodwill	1,716,293	1,716,207
Intangible assets	615,390	636,685
Other assets	36,629	33,120
Total assets	3,929,673	3,882,480
Current liabilities:
Trade accounts payable	17,960	17,653
Current maturities of long-term debt, net of deferred financing costs	17,471	33,916
Accrued expenses	106,705	131,171
Deferred income	114,798	91,322
Total current liabilities	256,934	274,062
Long-term debt, net of deferred financing costs	2,374,383	2,315,267
Deferred income tax liabilities	210	279
Asset retirement obligation	211,493	210,889
Other liabilities	28,317	25,597
Total liabilities	2,871,337	2,826,094
Stockholders’ equity:
Additional paid-in capital	2,821,960	2,783,753
Accumulated comprehensive income	264	(624)
Accumulated deficit	(1,763,888)	(1,726,743)
Stockholders’ equity	1,058,336	1,056,386
Total liabilities and stockholders’ equity	3,929,673	3,882,480
Series AA Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Common Class A [Member]
Stockholders’ equity:
Common stock, value	84	83
Common Class B [Member]
Stockholders’ equity:
Common stock, value	$ 14	$ 15

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Allowance for doubtful accounts	$ 10,220	$ 9,356
Current deferred financing costs	5,029	5,459
Noncurrent deferred financing costs	$ 26,144	$ 23,510
Shares held in treasury	331,284	216,088
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 10,220	$ 9,356
Current deferred financing costs	5,029	5,459
Noncurrent deferred financing costs	$ 26,144	$ 23,510
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100
Series AA Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative dividends	$ 63.80	$ 63.80
Preferred stock, shares authorized	5,720	5,720
Preferred stock, shares issued	5,720	5,720
Preferred stock, shares outstanding	5,720	5,720
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	362,500,000	362,500,000
Common stock, shares issued	83,944,913	83,038,831
Common stock, shares outstanding	83,613,629	82,822,743
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	37,500,000	37,500,000
Common stock, shares issued	14,420,085	14,610,365
Common stock, shares outstanding	14,420,085	14,610,365

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net revenues	$ 397,078	$ 387,528	$ 743,440	$ 726,061
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	135,075	132,725	266,919	261,450
General and administrative expenses (exclusive of depreciation and amortization)	65,921	66,457	137,952	133,247
Corporate expenses (exclusive of depreciation and amortization)	16,730	20,047	33,363	36,073
Depreciation and amortization	51,782	51,933	103,207	103,422
(Gain) loss on disposition of assets	(607)	(705)	(1,643)	(12,032)
Total Operating Expenses	268,901	270,457	539,798	522,160
Operating income	128,177	117,071	203,642	203,901
Other expense (income)
Loss on extinguishment of debt	71	56	71	3,198
Interest income		(3)	(4)	(4)
Interest expense	31,979	31,299	63,462	61,367
Non-operating (Income) Expenses	32,050	31,352	63,529	64,561
Income before income tax expense	96,127	85,719	140,113	139,340
Income tax expense	3,733	3,810	5,932	6,117
Net income	92,394	81,909	134,181	133,223
Cash dividends declared and paid on preferred stock	91	91	182	182
Net income applicable to common stock	$ 92,303	$ 81,818	$ 133,999	$ 133,041
Earnings per share:
Basic earnings per share	$ 0.94	$ 0.84	$ 1.37	$ 1.37
Diluted earnings per share	0.94	0.84	1.36	1.36
Cash dividends declared per share of common stock	$ 0.83	$ 0.75	$ 1.66	$ 1.50
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	97,941,766	97,121,619	97,759,636	96,956,535
Weighted average common shares outstanding diluted	98,442,860	97,731,467	98,276,283	97,523,379
Statements of Comprehensive Income
Net income	$ 92,394	$ 81,909	$ 134,181	$ 133,223
Other comprehensive income
Foreign currency translation adjustments	745	11	888	1,479
Comprehensive income	93,139	81,920	135,069	134,702
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	397,078	387,528	743,440	726,061
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	135,075	132,725	266,919	261,450
General and administrative expenses (exclusive of depreciation and amortization)	65,921	66,457	137,952	133,247
Corporate expenses (exclusive of depreciation and amortization)	16,645	19,958	33,172	35,891
Depreciation and amortization	51,782	51,933	103,207	103,422
(Gain) loss on disposition of assets	(607)	(705)	(1,643)	(12,032)
Total Operating Expenses	268,816	270,368	539,607	521,978
Operating income	128,262	117,160	203,833	204,083
Other expense (income)
Loss on extinguishment of debt	71	56	71	3,198
Interest income		(3)	(4)	(4)
Interest expense	31,979	31,299	63,462	61,367
Non-operating (Income) Expenses	32,050	31,352	63,529	64,561
Income before income tax expense	96,212	85,808	140,304	139,522
Income tax expense	3,733	3,810	5,932	6,117
Net income	92,479	81,998	134,372	133,405
Statements of Comprehensive Income
Net income	92,479	81,998	134,372	133,405
Other comprehensive income
Foreign currency translation adjustments	745	11	888	1,479
Comprehensive income	$ 93,224	$ 82,009	$ 135,260	$ 134,884

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 134,181	$ 133,223
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	103,207	103,422
Stock-based compensation	5,043	11,292
Amortization included in interest expense	2,623	2,661
Gain on disposition of assets and investments	(1,643)	(12,032)
Loss on extinguishment of debt	71	3,198
Deferred tax expense	30	359
Provision for doubtful accounts	3,396	3,540
(Increase) decrease in:
Receivables	(32,205)	(36,639)
Prepaid lease expenses	(25,949)	(22,945)
Other assets	(7,265)	2,244
Increase (decrease) in:
Trade accounts payable	308	152
Accrued expenses	(8,856)	3,187
Other liabilities	21,812	19,363
Net cash provided by operating activities	194,753	211,025
Cash flows from investing activities:
Acquisitions	(28,101)	(506,147)
Capital expenditures	(47,836)	(51,513)
Proceeds from disposition of assets and investments	2,566	6,734
Decrease of notes receivable	11	13
Net cash used in investing activities	(73,360)	(550,913)
Cash flows from financing activities:
Cash used for purchase of treasury stock	(8,997)	(6,204)
Net proceeds from issuance of common stock	17,196	14,882
Principal payments on long term debt	(5,625)	(9,385)
Payment on revolving credit facility	(334,000)	(233,000)
Proceeds received from revolving credit facility	182,000	347,000
Proceeds received from note offering		400,000
Payment on senior credit facility term loans	(247,500)	(300,000)
Proceeds received from senior credit facility term loans	450,000	300,000
Debt issuance costs	(4,899)	(9,140)
Distributions to non-controlling interest	(310)	(210)
Dividends/distributions	(162,702)	(145,828)
Net cash (used in) provided by financing activities	(114,837)	358,115
Effect of exchange rate changes in cash and cash equivalents	798	1,183
Net (decrease) increase in cash and cash equivalents	7,354	19,410
Cash and cash equivalents at beginning of period	35,530	22,327
Cash and cash equivalents at end of period	42,884	41,737
Supplemental disclosures of cash flow information:
Cash paid for interest	60,346	48,664
Cash paid for foreign, state and federal income taxes	7,753	7,906
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	134,372	133,405
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	103,207	103,422
Stock-based compensation	5,043	11,292
Amortization included in interest expense	2,623	2,661
Gain on disposition of assets and investments	(1,643)	(12,032)
Loss on extinguishment of debt	71	3,198
Deferred tax expense	30	359
Provision for doubtful accounts	3,396	3,540
(Increase) decrease in:
Receivables	(32,205)	(36,639)
Prepaid lease expenses	(25,949)	(22,945)
Other assets	(7,265)	2,244
Increase (decrease) in:
Trade accounts payable	308	152
Accrued expenses	(8,856)	3,187
Other liabilities	428	(2,119)
Net cash provided by operating activities	173,560	189,725
Cash flows from investing activities:
Acquisitions	(28,101)	(506,147)
Capital expenditures	(47,836)	(51,513)
Proceeds from disposition of assets and investments	2,566	6,734
Decrease of notes receivable	11	13
Net cash used in investing activities	(73,360)	(550,913)
Cash flows from financing activities:
Principal payments on long term debt	(5,625)	(9,385)
Payment on revolving credit facility	(334,000)	(233,000)
Proceeds received from revolving credit facility	182,000	347,000
Proceeds received from note offering		400,000
Payment on senior credit facility term loans	(247,500)	(300,000)
Proceeds received from senior credit facility term loans	450,000	300,000
Debt issuance costs	(4,899)	(9,140)
Distributions to non-controlling interest	(310)	(210)
Contributions from parent	38,207	36,000
Dividend to parent	(171,517)	(151,850)
Net cash (used in) provided by financing activities	(93,644)	379,415
Effect of exchange rate changes in cash and cash equivalents	798	1,183
Net (decrease) increase in cash and cash equivalents	7,354	19,410
Cash and cash equivalents at beginning of period	35,030	21,827
Cash and cash equivalents at end of period	42,384	41,237
Supplemental disclosures of cash flow information:
Cash paid for interest	60,346	48,664
Cash paid for foreign, state and federal income taxes	$ 7,753	$ 7,906

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Significant Accounting Policies	1. Significant Accounting Policies The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and the notes thereto included in the 2016 Combined Form 10-K. Subsequent events, if any, are evaluated through the date on which the financial statements are issued.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Significant Accounting Policies	1. Significant Accounting Policies The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of Lamar Media’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with Lamar Media’s consolidated financial statements and the notes thereto included in the 2016 Combined Form 10-K. Certain notes are not provided for the accompanying condensed consolidated financial statements as the information in notes 1, 2, 3, 4, 5, 6, 8, 9, 10 and 12 to the condensed consolidated financial statements of Lamar Advertising included elsewhere in this report is substantially equivalent to that required for the condensed consolidated financial statements of Lamar Media. Earnings per share data is not provided for Lamar Media, as it is a wholly owned subsidiary of the Company.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	2. Stock-Based Compensation Equity Incentive Plan. Lamar Advertising’s 1996 Equity Incentive Plan, as amended, (the “Incentive Plan”) has reserved 15.5 million shares of Class A common stock for issuance to directors and employees, including shares underlying granted options and common stock reserved for issuance under its performance-based incentive program. Options granted under the plan expire ten years from the grant date with vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date. All grants are made at fair market value based on the closing price of our Class A common stock as reported on the NASDAQ Global Select Market on the date of grant. We use a Black-Scholes-Merton option pricing model to estimate the fair value of share-based awards. The Black-Scholes-Merton option pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. The Company granted options for an aggregate of 60,500 shares of its Class A common stock during the six months ended June 30, 2017. At June 30, 2017 a total of 1,197,906 shares were available for future grant. Stock Purchase Plan. Lamar Advertising’s 2009 Employee Stock Purchase Plan or 2009 ESPP was approved by our shareholders on May 28, 2009. The number of shares of Class A common stock available under the 2009 ESPP was automatically increased by 82,823 shares on January 1, 2017 pursuant to the automatic increase provisions of the 2009 ESPP. The following is a summary of 2009 ESPP share activity for the six months ended June 30, 2017: Shares Available for future purchases, January 1, 2017 250,573 Additional shares reserved under 2009 ESPP 82,823 Purchases (59,114 ) Available for future purchases, June 30, 2017 274,282 Performance-based compensation. Unrestricted shares of our Class A common stock may be awarded to key officers, employees and directors under our 1996 Equity Incentive Plan. The number of shares to be issued, if any, will be dependent on the level of achievement of performance measures for key officers and employees, as determined by the Company’s Compensation Committee based on our 2017 results. Any shares issued based on the achievement of performance goals will be issued in the first quarter of 2018. The shares subject to these awards can range from a minimum of 0% to a maximum of 100% of the target number of shares depending on the level at which the goals are attained. For the six months ended June 30, 2017, the Company has recorded $2,623 as stock-based compensation expense related to performance-based awards. In addition, each non-employee director automatically receives upon election or re-election a restricted stock award of our Class A common stock. The awards vest 50% on grant date and 50% on the last day of the directors’ one year term. The Company recorded a $280 stock-based compensation expense related to these awards for the six months ended June 30, 2017.

Depreciation and Amortization

Depreciation and Amortization	6 Months Ended
	Jun. 30, 2017
Depreciation And Amortization [Abstract]
Depreciation and Amortization	3. Depreciation and Amortization The Company includes all categories of depreciation and amortization on a separate line in its Statements of Income and Comprehensive Income. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Income and Comprehensive Income are: Three months ended June 30, Six months ended June 30, 2017 2016 2017 2016 Direct advertising expenses $ 48,685 $ 48,267 $ 97,003 $ 96,065 General and administrative expenses 972 902 1,902 1,783 Corporate expenses 2,125 2,764 4,302 5,574 $ 51,782 $ 51,933 $ 103,207 $ 103,422

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The following is a summary of intangible assets at June 30, 2017 and December 31, 2016: Estimated June 30, 2017 December 31, 2016 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7—10 $ 561,320 $ 497,672 $ 559,513 $ 490,514 Non-competition agreements 3—15 64,828 63,801 64,646 63,692 Site locations 15 1,902,987 1,352,502 1,885,554 1,318,976 Other 5—15 14,260 13,562 14,174 13,552 $ 2,543,395 $ 1,927,537 $ 2,523,887 $ 1,886,734 Unamortizable intangible assets: Goodwill $ 1,979,980 $ 253,536 $ 1,979,894 $ 253,536

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	5. Asset Retirement Obligations The Company’s asset retirement obligations include the costs associated with the removal of its structures, resurfacing of the land and retirement cost, if applicable, related to the Company’s outdoor advertising portfolio. The following table reflects information related to our asset retirement obligations: Balance at December 31, 2016 $ 210,889 Additions to asset retirement obligations 419 Accretion expense 2,093 Liabilities settled (1,908 ) Balance at June 30, 2017 $ 211,493

Distribution Restrictions

Distribution Restrictions	6 Months Ended
	Jun. 30, 2017
Distribution Restrictions [Abstract]
Distribution Restrictions	6. Distribution Restrictions Lamar Media’s ability to make distributions to Lamar Advertising is restricted under both the terms of the indentures relating to Lamar Media’s outstanding notes and by the terms of its senior credit facility. As of June 30, 2017 and December 31, 2016, Lamar Media was permitted under the terms of its outstanding senior subordinated and senior notes to make transfers to Lamar Advertising in the form of cash dividends, loans or advances in amounts up to $2,773,582 and $2,702,633, respectively. As of June 30, 2017, Lamar Media’s senior credit facility allows it to make transfers to Lamar Advertising in any taxable year up to the amount of Lamar Advertising’s taxable income (without any deduction for dividends paid). In addition, as of June 30, 2017, transfers to Lamar Advertising are permitted under Lamar Media’s senior credit facility and as defined therein up to the available cumulative credit, as long as no default has occurred and is continuing and, after giving effect to such distributions, (i) the total debt ratio less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.0 to 1. As of June 30, 2017, the total debt ratio was less than 6.5 to 1 and Lamar Media’s secured debt ratio was less than 3.0 to 1, and the available cumulative credit was $1,524,061.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	7. Earnings Per Share The calculation of basic earnings per share excludes any dilutive effect of stock options, while diluted earnings per share includes the dilutive effect of stock options. There were no dilutive shares excluded from this calculation resulting from their anti-dilutive effect for the three and six months ended June 30, 2017 or 2016.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Long-term Debt	8. Long-term Debt Long-term debt consists of the following at June 30, 2017 and December 31, 2016: June 30, 2017 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 478,000 $ 8,535 $ 469,465 5 7/8% Senior Subordinated Notes 500,000 6,470 493,530 5% Senior Subordinated Notes 535,000 5,323 529,677 5 3/8% Senior Notes 510,000 5,326 504,674 5 3/4% Senior Notes 400,000 5,519 394,481 Other notes with various rates and terms 27 — 27 2,423,027 31,173 2,391,854 Less current maturities (22,500 ) (5,029 ) (17,471 ) Long-term debt, excluding current maturities $ 2,400,527 $ 26,144 $ 2,374,383 December 31, 2016 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 433,125 $ 4,769 $ 428,356 5 7/8% Senior Subordinated Notes 500,000 7,071 492,929 5% Senior Subordinated Notes 535,000 5,709 529,291 5 3/8% Senior Notes 510,000 5,662 504,338 5 3/4% Senior Notes 400,000 5,758 394,242 Other notes with various rates and terms 27 — 27 2,378,152 28,969 2,349,183 Less current maturities (39,375 ) (5,459 ) (33,916 ) Long-term debt, excluding current maturities $ 2,338,777 $ 23,510 $ 2,315,267 5 7/8% Senior Subordinated Notes On February 9, 2012, Lamar Media completed an institutional private placement of $500,000 aggregate principal amount of 5 7/8% Senior Subordinated Notes, due 2022 (the “5 7/8% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $489,000. On or after February 1, 2017, Lamar Media may redeem the 5 7/8% Notes, in whole or in part, in cash at redemption prices specified in the 5 7/8% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 7/8% Notes at a price equal to 101% of the principal amount of the 5 7/8% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5% Senior Subordinated Notes On October 30, 2012, Lamar Media completed an institutional private placement of $535,000 aggregate principal amount of 5% Senior Subordinated Notes due 2023 (the “5% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $527,100. At any time prior to May 1, 2018, Lamar Media may redeem some or all of the 5% Notes at a price equal to 100% of the aggregate principal amount plus a make-whole premium. On or after May 1, 2018, Lamar Media may redeem the 5% Notes, in whole or in part, in cash at redemption prices specified in the 5% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5% Notes at a price equal to 101% of the principal amount of the 5% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5 3/8% Senior Notes On January 10, 2014, Lamar Media completed an institutional private placement of $510,000 aggregate principal amount of 5 3/8% Senior Notes due 2024 (the “5 3/8% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $502,300. At any time prior to January 15, 2019, Lamar Media may redeem some or all of the 5 3/8% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon plus a make-whole premium. On or after January 15, 2019, Lamar Media may redeem the 5 3/8% Notes, in whole or in part, in cash at redemption prices specified in the 5 3/8% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 3/8% Notes at a price equal to 101% of the principal amount of the 5 3/8% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5 3/4% Senior Notes On January 28, 2016, Lamar Media completed an institutional private placement of $400,000 aggregate principal amount of 5 3/4% Senior Notes due 2026 (the “5 3/4 % Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $394,500. Lamar Media may redeem up to 35% of the aggregate principal amount of the 5 3/4% Notes, at any time and from time to time, at a price equal to 105.750% of the aggregate principal amount so redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before February 1, 2019, provided that following the redemption, at least 65% of the 5 3/4% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon plus a make-whole premium. On or after February 1, 2021, Lamar Media may redeem the 5 3/4% Notes, in whole or in part, in cash at redemption prices specified in the 5 3/4% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 3/4% Notes at a price equal to 101% of the principal amount of the 5 3/4% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. Senior Credit Facility On May 15, 2017, Lamar Media entered into a Third Restatement Agreement (“Restatement Agreement”) to its Second Amended and Restated Credit Agreement (“existing senior credit facility”) dated as of February 3, 2014 with the Company, certain of Lamar Media’s subsidiaries as guarantors, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto, under which the parties agreed to amend and restate Lamar Media’s existing senior credit facility. Lamar Media’s Third Amended and Restated Credit Agreement dated as of May 15, 2017 (as amended, the “senior credit facility”) consists of (i) a new $450,000 senior secured revolving credit facility which will mature on May 15, 2022, (ii) a new $450,000 Term A loan facility (the “Term A loans”) which will mature on May 15, 2022, and (iii) an incremental facility pursuant to which Lamar Media may incur additional term loan tranches or increase its revolving credit facility subject to pro forma compliance with the secured debt ratio financial maintenance covenant described below. Under the senior credit facility Lamar Media borrowed all $450,000 in Term A loans on May 15, 2017. The net proceeds, together with borrowing under the revolving portion of senior credit facility and cash on hand, were used to repay all outstanding amounts under the existing senior credit facility, and all revolving commitments under that facility were terminated. The Term A Loans will begin amortizing on September 30, 2017 in quarterly installments on each December 31, March 31, June 30 and September 30 thereafter. The remaining quarterly installments scheduled to be paid are as follows: Principal Payment Date Principal Amount September 30, 2017-June 30, 2019 $ 5,625.0 September 30, 2019-June 30, 2020 $ 8,437.5 September 30, 2020-March 31, 2022 $ 16,875.0 Term A Loan Maturity Date $ 253,125.0 For each borrowing of Term A loans or revolving credit loans, Lamar Media can elect whether such loans bear interest at (i) the Adjusted Base Rate plus (a) 0.75%, or (b) 0.50% at any time that the total debt ratio is less than 3.25 to 1 as of the last day of the most recently ended fiscal quarter for which Lamar Media has delivered financial statements, or (ii) the Adjusted LIBO Rate plus (a) 1.75%, or (b) 1.50% at any time that the total debt ratio is less than 3.25 to 1 as of the last day of the most recently ended fiscal quarter for which Lamar Media has delivered financial statements. As of June 30, 2017, there was $28,000 outstanding under the revolving credit facility. Availability under the revolving facility is reduced by the amount of any letters of credit outstanding. Lamar Media had $12,085 in letters of credit outstanding as of June 30, 2017 resulting in $409,915 of availability under its revolving facility. Revolving credit loans may be requested under the revolving credit facility at any time prior to its maturity on May 15, 2022. The terms of Lamar Media’s senior credit facility and the indentures relating to Lamar Media’s outstanding notes restrict, among other things, the ability of Lamar Advertising and Lamar Media to: • dispose of assets; • incur or repay debt; • create liens; • make investments; and • pay dividends. The senior credit facility contains provisions that allow Lamar Media to conduct its affairs in a manner that allows Lamar Advertising to qualify and remain qualified as a REIT, including by allowing Lamar Media to make distributions to Lamar Advertising required for the Company to qualify and remain qualified for taxation as a REIT, subject to certain restrictions. Lamar Media’s ability to make distributions to Lamar Advertising is also restricted under the terms of these agreements. Under Lamar Media’s senior credit facility the Company must maintain a specified senior debt ratio at all times and in addition, must satisfy a total debt ratio in order to incur debt, make distributions or make certain investments. Lamar Advertising and Lamar Media were in compliance with all of the terms of their indentures and the senior credit facility provisions during the periods presented.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	9. Fair Value of Financial Instruments At June 30, 2017 and December 31, 2016, the Company’s financial instruments included cash and cash equivalents, marketable securities, accounts receivable, investments, accounts payable and borrowings. The fair values of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings and current portion of long-term debt approximated carrying values because of the short-term nature of these instruments. Investment contracts are reported at fair values. Fair values for investments held at cost are not readily available, but are estimated to approximate fair value. The estimated fair value of the Company’s long-term debt (including current maturities) was $2,518,170 which exceeded the carrying amount of $2,423,027 as of June 30, 2017. The majority of the fair value is determined using observed prices of publicly traded debt (level 1 in the fair value hierarchy) and the remaining is valued based on quoted prices for similar debt (level 2 in the fair value hierarchy).

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Pronouncements	10. New Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In November 2015, the FASB issued ASU No. 2015-17 Income taxes – Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU No. 2016-02, Leases In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations: Clarifying the definition of a business In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the test for goodwill impairment.

Dividends_Distributions

Dividends/Distributions	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Dividends/Distributions	11. Dividends/Distributions During the three months ended June 30, 2017 and June 30, 2016, the Company declared and paid cash distributions of its REIT taxable income in an aggregate amount of $81,332 or $0.83 per share and $72,912 or $0.75 per share, respectively. During the six months ended June 30, 2017 and June 30, 2016, the Company declared and paid cash distributions of its REIT taxable income in an aggregate amount of $162,520 or $1.66 per share and $145,646 or $1.50 per share, respectively. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company’s control, including financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in our existing and future debt instruments, the Company’s ability to utilize net operating losses to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its taxable REIT subsidiaries (TRSs) and other factors that the Board of Directors may deem relevant. During the three months ended June 30, 2017 and June 30, 2016, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $91 or $15.95 per share. During the six months ended June 30, 2017 and June 30, 2016, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $182 or $31.90 per share.

Information about Geographic Ar

Information about Geographic Areas	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Information about Geographic Areas	12. Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $15,555 and $15,587 for the six months ended June 30, 2017 and 2016, respectively. Net carrying value of long lived assets located in foreign countries totaled $4,384 and $4,893 as of June 30, 2017 and December 31, 2016, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

Summarized Financial Informatio

Summarized Financial Information of Subsidiaries	6 Months Ended
	Jun. 30, 2017
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summarized Financial Information of Subsidiaries	2. Summarized Financial Information of Subsidiaries Separate condensed consolidating financial information for Lamar Media, subsidiary guarantors and non-guarantor subsidiaries are presented below. Lamar Media and its subsidiary guarantors have fully and unconditionally guaranteed Lamar Media’s obligations with respect to its publicly issued notes. All guarantees are joint and several. As a result of these guarantee arrangements, we are required to present the following condensed consolidating financial information. The following condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes. The condensed consolidating financial information is provided as an alternative to providing separate financial statements for guarantor subsidiaries. Separate financial statements of Lamar Media’s subsidiary guarantors are not included because the guarantees are full and unconditional and the subsidiary guarantors are 100% owned and jointly and severally liable for Lamar Media’s outstanding publicly issued notes. The accounts for all companies reflected herein are presented using the equity method of accounting for investments in subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 15,951 $ 330,608 $ 38,279 $ — $ 384,838 Net property, plant and equipment — 1,153,544 22,979 — 1,176,523 Intangibles and goodwill, net — 2,301,224 30,459 — 2,331,683 Other assets 3,498,990 10,982 248 (3,473,591 ) 36,629 Total assets $ 3,514,941 $ 3,796,358 $ 91,965 $ (3,473,591 ) $ 3,929,673 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 17,471 $ — $ — $ — $ 17,471 Other current liabilities 39,397 176,043 24,023 — 239,463 Total current liabilities 56,868 176,043 24,023 — 256,934 Long-term debt 2,374,383 — — — 2,374,383 Other noncurrent liabilities 25,354 214,042 57,874 (57,250 ) 240,020 Total liabilities 2,456,605 390,085 81,897 (57,250 ) 2,871,337 Stockholders’ equity 1,058,336 3,406,273 10,068 (3,416,341 ) 1,058,336 Total liabilities and stockholders’ equity $ 3,514,941 $ 3,796,358 $ 91,965 $ (3,473,591 ) $ 3,929,673 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of December 31, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 13,886 $ 268,091 $ 31,776 $ — $ 313,753 Net property, plant and equipment — 1,161,205 21,510 — 1,182,715 Intangibles and goodwill, net — 2,321,160 31,732 — 2,352,892 Other assets 3,453,161 10,379 116 (3,430,536 ) 33,120 Total assets $ 3,467,047 $ 3,760,835 $ 85,134 $ (3,430,536 ) $ 3,882,480 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 33,916 $ — $ — $ — $ 33,916 Other current liabilities 38,904 180,107 21,135 — 240,146 Total current liabilities 72,820 180,107 21,135 — 274,062 Long-term debt 2,315,267 — — — 2,315,267 Other noncurrent liabilities 22,574 213,916 53,609 (53,334 ) 236,765 Total liabilities 2,410,661 394,023 74,744 (53,334 ) 2,826,094 Stockholders’ equity 1,056,386 3,366,812 10,390 (3,377,202 ) 1,056,386 Total liabilities and stockholders’ equity $ 3,467,047 $ 3,760,835 $ 85,134 $ (3,430,536 ) $ 3,882,480 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 384,685 $ 13,414 $ (1,021 ) $ 397,078 Operating expenses Direct advertising expenses (1) — 128,038 7,635 (598 ) 135,075 General and administrative expenses (1) — 63,500 2,421 — 65,921 Corporate expenses (1) — 16,358 287 — 16,645 Depreciation and amortization — 49,634 2,148 — 51,782 (Gain) loss on disposition of assets — (603 ) (4 ) — (607 ) — 256,927 12,487 (598 ) 268,816 Operating income (loss) — 127,758 927 (423 ) 128,262 Equity in (earnings) loss of subsidiaries (124,527 ) — — 124,527 — Interest expense (income), net 31,977 — 425 (423 ) 31,979 Other expenses 71 — — — 71 Income (loss) before income tax expense 92,479 127,758 502 (124,527 ) 96,212 Income tax expense (2) — 3,146 587 — 3,733 Net income (loss) $ 92,479 $ 124,612 $ (85 ) $ (124,527 ) $ 92,479 Statement of Comprehensive Income Net income (loss) $ 92,479 $ 124,612 $ (85 ) $ (124,527 ) $ 92,479 Total other comprehensive income, net of tax — — 745 — 745 Total comprehensive income (loss) $ 92,479 $ 124,612 $ 660 $ (124,527 ) $ 93,224 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 374,629 $ 13,883 $ (984 ) $ 387,528 Operating expenses Direct advertising expenses (1) — 125,417 7,950 (642 ) 132,725 General and administrative expenses (1) — 63,683 2,774 — 66,457 Corporate expenses (1) — 19,536 422 — 19,958 Depreciation and amortization — 49,978 1,955 — 51,933 (Gain) loss on disposition of assets — (705 ) — — (705 ) — 257,909 13,101 (642 ) 270,368 Operating income (loss) — 116,720 782 (342 ) 117,160 Equity in (earnings) loss of subsidiaries (113,354 ) — — 113,354 — Interest expense (income), net 31,300 (3 ) 341 (342 ) 31,296 Other expenses 56 — — — 56 Income (loss) before income tax expense 81,998 116,723 441 (113,354 ) 85,808 Income tax expense (2) — 3,308 502 — 3,810 Net income (loss) $ 81,998 $ 113,415 $ (61 ) $ (113,354 ) $ 81,998 Statement of Comprehensive Income Net income (loss) $ 81,998 $ 113,415 $ (61 ) $ (113,354 ) $ 81,998 Total other comprehensive income, net of tax — — 11 — 11 Total comprehensive income (loss) $ 81,998 $ 113,415 $ (50 ) $ (113,354 ) $ 82,009 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 720,488 $ 24,888 $ (1,936 ) $ 743,440 Operating expenses Direct advertising expenses (1) — 253,142 14,922 (1,145 ) 266,919 General and administrative expenses (1) — 133,512 4,440 — 137,952 Corporate expenses (1) — 32,615 557 — 33,172 Depreciation and amortization — 98,882 4,325 — 103,207 (Gain) loss on disposition of assets — (1,640 ) (3 ) — (1,643 ) — 516,511 24,241 (1,145 ) 539,607 Operating income (loss) — 203,977 647 (791 ) 203,833 Equity in (earnings) loss of subsidiaries (197,901 ) — — 197,901 — Interest expense (income), net 63,458 (3 ) 794 (791 ) 63,458 Other expenses 71 — — — 71 Income (loss) before income tax expense 134,372 203,980 (147 ) (197,901 ) 140,304 Income tax expense (2) — 4,869 1,063 — 5,932 Net income (loss) $ 134,372 $ 199,111 $ (1,210 ) $ (197,901 ) $ 134,372 Statement of Comprehensive Income Net income (loss) $ 134,372 $ 199,111 $ (1,210 ) $ (197,901 ) $ 134,372 Total other comprehensive income, net of tax — — 888 — 888 Total comprehensive income (loss) $ 134,372 $ 199,111 $ (322 ) $ (197,901 ) $ 135,260 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 702,207 $ 25,718 $ (1,864 ) $ 726,061 Operating expenses Direct advertising expenses (1) — 247,306 15,346 (1,202 ) 261,450 General and administrative expenses (1) — 127,682 5,565 — 133,247 Corporate expenses (1) — 35,184 707 — 35,891 Depreciation and amortization — 99,667 3,755 — 103,422 (Gain) loss on disposition of assets — (12,265 ) 233 — (12,032 ) — 497,574 25,606 (1,202 ) 521,978 Operating income (loss) — 204,633 112 (662 ) 204,083 Equity in (earnings) loss of subsidiaries (197,964 ) — — 197,964 — Interest expense (income), net 61,361 (4 ) 668 (662 ) 61,363 Other expenses 3,198 — — — 3,198 Income (loss) before income tax expense 133,405 204,637 (556 ) (197,964 ) 139,522 Income tax expense (2) — 5,234 883 — 6,117 Net income (loss) $ 133,405 $ 199,403 $ (1,439 ) $ (197,964 ) $ 133,405 Statement of Comprehensive Income Net income (loss) $ 133,405 $ 199,403 $ (1,439 ) $ (197,964 ) $ 133,405 Total other comprehensive income, net of tax — — 1,479 — 1,479 Total comprehensive income (loss) $ 133,405 $ 199,403 $ 40 $ (197,964 ) $ 134,884 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 127,087 $ 230,322 $ 3,902 $ (187,751 ) $ 173,560 Cash flows from investing activities: Acquisitions — (28,101 ) — — (28,101 ) Capital expenditures — (43,858 ) (3,978 ) — (47,836 ) Proceeds from disposition of assets and investments — 2,566 — — 2,566 Investment in subsidiaries (28,101 ) — — 28,101 — (Increase) decrease in intercompany notes receivable (3,594 ) — — 3,594 — Decrease in notes receivable 11 — — — 11 Net cash (used in) provided by investing activities (31,684 ) (69,393 ) (3,978 ) 31,695 (73,360 ) Cash flows from financing activities: Proceeds received from revolving credit facility 182,000 — — — 182,000 Payment on revolving credit facility (334,000 ) — — — (334,000 ) Principal payments on long-term debt (5,625 ) — — — (5,625 ) Proceeds received from senior credit facility 450,000 — — 450,000 Payment on senior credit facility (247,500 ) — — (247,500 ) Debt issuance costs (4,899 ) — — (4,899 ) Intercompany loan proceeds — — 3,594 (3,594 ) — Distributions to non-controlling interest — — (310 ) — (310 ) Dividends (to) from parent (171,517 ) (187,751 ) — 187,751 (171,517 ) Contributions from (to) parent 38,207 28,101 — (28,101 ) 38,207 Net cash provided by (used in) financing activities (93,334 ) (159,650 ) 3,284 156,056 (93,644 ) Effect of exchange rate changes in cash and cash equivalents — — 798 — 798 Net increase in cash and cash equivalents 2,069 1,279 4,006 — 7,354 Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 14,831 $ 2,480 $ 25,073 $ — $ 42,384 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 140,590 $ 239,840 $ 3,976 $ (194,681 ) $ 189,725 Cash flows from investing activities: Acquisitions — (506,147 ) — — (506,147 ) Capital expenditures — (50,034 ) (1,479 ) — (51,513 ) Proceeds from disposition of assets and investments — 6,734 — — 6,734 Investment in subsidiaries (506,147 ) — — 506,147 — (Increase) decrease in intercompany notes receivable 486 — — (486 ) — Decrease in notes receivable 13 — — — 13 Net cash (used in) provided by investing activities (505,648 ) (549,447 ) (1,479 ) 505,661 (550,913 ) Cash flows from financing activities: Proceeds received from revolving credit facility 347,000 — — — 347,000 Payment on revolving credit facility (233,000 ) — — — (233,000 ) Principal payments on long-term debt (9,385 ) — — — (9,385 ) Proceeds received from senior credit facility 300,000 — — — 300,000 Debt issuance costs (9,140 ) — — — (9,140 ) Proceeds received from note offering 400,000 — — — 400,000 Payment on senior credit facility (300,000 ) — — — (300,000 ) Intercompany loan proceeds — — (486 ) 486 — Distributions to non-controlling interest — — (210 ) — (210 ) Dividends (to) from parent (151,850 ) (190,672 ) — 190,672 (151,850 ) Contributions from (to) parent 36,000 502,138 — (502,138 ) 36,000 Net cash provided by (used in) financing activities 379,625 311,466 (696 ) (310,980 ) 379,415 Effect of exchange rate changes in cash and cash equivalents — — 1,183 — 1,183 Net increase in cash and cash equivalents 14,567 1,859 2,984 — 19,410 Cash and cash equivalents at beginning of period 4,955 454 16,418 — 21,827 Cash and cash equivalents at end of period $ 19,522 $ 2,313 $ 19,402 $ — $ 41,237

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of ESPP Share Activity	The following is a summary of 2009 ESPP share activity for the six months ended June 30, 2017: Shares Available for future purchases, January 1, 2017 250,573 Additional shares reserved under 2009 ESPP 82,823 Purchases (59,114 ) Available for future purchases, June 30, 2017 274,282

Depreciation and Amortization (

Depreciation and Amortization (Tables)	6 Months Ended
	Jun. 30, 2017
Depreciation And Amortization [Abstract]
Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income and Comprehensive Income	The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Income and Comprehensive Income are: Three months ended June 30, Six months ended June 30, 2017 2016 2017 2016 Direct advertising expenses $ 48,685 $ 48,267 $ 97,003 $ 96,065 General and administrative expenses 972 902 1,902 1,783 Corporate expenses 2,125 2,764 4,302 5,574 $ 51,782 $ 51,933 $ 103,207 $ 103,422

Goodwill and Other Intangible21

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	The following is a summary of intangible assets at June 30, 2017 and December 31, 2016: Estimated June 30, 2017 December 31, 2016 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7—10 $ 561,320 $ 497,672 $ 559,513 $ 490,514 Non-competition agreements 3—15 64,828 63,801 64,646 63,692 Site locations 15 1,902,987 1,352,502 1,885,554 1,318,976 Other 5—15 14,260 13,562 14,174 13,552 $ 2,543,395 $ 1,927,537 $ 2,523,887 $ 1,886,734 Unamortizable intangible assets: Goodwill $ 1,979,980 $ 253,536 $ 1,979,894 $ 253,536

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Information Related to Asset Retirement Obligations	The following table reflects information related to our asset retirement obligations: Balance at December 31, 2016 $ 210,889 Additions to asset retirement obligations 419 Accretion expense 2,093 Liabilities settled (1,908 ) Balance at June 30, 2017 $ 211,493

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following at June 30, 2017 and December 31, 2016: June 30, 2017 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 478,000 $ 8,535 $ 469,465 5 7/8% Senior Subordinated Notes 500,000 6,470 493,530 5% Senior Subordinated Notes 535,000 5,323 529,677 5 3/8% Senior Notes 510,000 5,326 504,674 5 3/4% Senior Notes 400,000 5,519 394,481 Other notes with various rates and terms 27 — 27 2,423,027 31,173 2,391,854 Less current maturities (22,500 ) (5,029 ) (17,471 ) Long-term debt, excluding current maturities $ 2,400,527 $ 26,144 $ 2,374,383 December 31, 2016 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 433,125 $ 4,769 $ 428,356 5 7/8% Senior Subordinated Notes 500,000 7,071 492,929 5% Senior Subordinated Notes 535,000 5,709 529,291 5 3/8% Senior Notes 510,000 5,662 504,338 5 3/4% Senior Notes 400,000 5,758 394,242 Other notes with various rates and terms 27 — 27 2,378,152 28,969 2,349,183 Less current maturities (39,375 ) (5,459 ) (33,916 ) Long-term debt, excluding current maturities $ 2,338,777 $ 23,510 $ 2,315,267
Schedule of Maturities of Long Term Debt	The Term A Loans will begin amortizing on September 30, 2017 in quarterly installments on each December 31, March 31, June 30 and September 30 thereafter. The remaining quarterly installments scheduled to be paid are as follows: Principal Payment Date Principal Amount September 30, 2017-June 30, 2019 $ 5,625.0 September 30, 2019-June 30, 2020 $ 8,437.5 September 30, 2020-March 31, 2022 $ 16,875.0 Term A Loan Maturity Date $ 253,125.0

Summarized Financial Informat24

Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	6 Months Ended
	Jun. 30, 2017
Condensed Consolidating Balance Sheet	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 15,951 $ 330,608 $ 38,279 $ — $ 384,838 Net property, plant and equipment — 1,153,544 22,979 — 1,176,523 Intangibles and goodwill, net — 2,301,224 30,459 — 2,331,683 Other assets 3,498,990 10,982 248 (3,473,591 ) 36,629 Total assets $ 3,514,941 $ 3,796,358 $ 91,965 $ (3,473,591 ) $ 3,929,673 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 17,471 $ — $ — $ — $ 17,471 Other current liabilities 39,397 176,043 24,023 — 239,463 Total current liabilities 56,868 176,043 24,023 — 256,934 Long-term debt 2,374,383 — — — 2,374,383 Other noncurrent liabilities 25,354 214,042 57,874 (57,250 ) 240,020 Total liabilities 2,456,605 390,085 81,897 (57,250 ) 2,871,337 Stockholders’ equity 1,058,336 3,406,273 10,068 (3,416,341 ) 1,058,336 Total liabilities and stockholders’ equity $ 3,514,941 $ 3,796,358 $ 91,965 $ (3,473,591 ) $ 3,929,673 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of December 31, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 13,886 $ 268,091 $ 31,776 $ — $ 313,753 Net property, plant and equipment — 1,161,205 21,510 — 1,182,715 Intangibles and goodwill, net — 2,321,160 31,732 — 2,352,892 Other assets 3,453,161 10,379 116 (3,430,536 ) 33,120 Total assets $ 3,467,047 $ 3,760,835 $ 85,134 $ (3,430,536 ) $ 3,882,480 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 33,916 $ — $ — $ — $ 33,916 Other current liabilities 38,904 180,107 21,135 — 240,146 Total current liabilities 72,820 180,107 21,135 — 274,062 Long-term debt 2,315,267 — — — 2,315,267 Other noncurrent liabilities 22,574 213,916 53,609 (53,334 ) 236,765 Total liabilities 2,410,661 394,023 74,744 (53,334 ) 2,826,094 Stockholders’ equity 1,056,386 3,366,812 10,390 (3,377,202 ) 1,056,386 Total liabilities and stockholders’ equity $ 3,467,047 $ 3,760,835 $ 85,134 $ (3,430,536 ) $ 3,882,480
Condensed Consolidating Statements of Income and Comprehensive Income	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 384,685 $ 13,414 $ (1,021 ) $ 397,078 Operating expenses Direct advertising expenses (1) — 128,038 7,635 (598 ) 135,075 General and administrative expenses (1) — 63,500 2,421 — 65,921 Corporate expenses (1) — 16,358 287 — 16,645 Depreciation and amortization — 49,634 2,148 — 51,782 (Gain) loss on disposition of assets — (603 ) (4 ) — (607 ) — 256,927 12,487 (598 ) 268,816 Operating income (loss) — 127,758 927 (423 ) 128,262 Equity in (earnings) loss of subsidiaries (124,527 ) — — 124,527 — Interest expense (income), net 31,977 — 425 (423 ) 31,979 Other expenses 71 — — — 71 Income (loss) before income tax expense 92,479 127,758 502 (124,527 ) 96,212 Income tax expense (2) — 3,146 587 — 3,733 Net income (loss) $ 92,479 $ 124,612 $ (85 ) $ (124,527 ) $ 92,479 Statement of Comprehensive Income Net income (loss) $ 92,479 $ 124,612 $ (85 ) $ (124,527 ) $ 92,479 Total other comprehensive income, net of tax — — 745 — 745 Total comprehensive income (loss) $ 92,479 $ 124,612 $ 660 $ (124,527 ) $ 93,224 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 374,629 $ 13,883 $ (984 ) $ 387,528 Operating expenses Direct advertising expenses (1) — 125,417 7,950 (642 ) 132,725 General and administrative expenses (1) — 63,683 2,774 — 66,457 Corporate expenses (1) — 19,536 422 — 19,958 Depreciation and amortization — 49,978 1,955 — 51,933 (Gain) loss on disposition of assets — (705 ) — — (705 ) — 257,909 13,101 (642 ) 270,368 Operating income (loss) — 116,720 782 (342 ) 117,160 Equity in (earnings) loss of subsidiaries (113,354 ) — — 113,354 — Interest expense (income), net 31,300 (3 ) 341 (342 ) 31,296 Other expenses 56 — — — 56 Income (loss) before income tax expense 81,998 116,723 441 (113,354 ) 85,808 Income tax expense (2) — 3,308 502 — 3,810 Net income (loss) $ 81,998 $ 113,415 $ (61 ) $ (113,354 ) $ 81,998 Statement of Comprehensive Income Net income (loss) $ 81,998 $ 113,415 $ (61 ) $ (113,354 ) $ 81,998 Total other comprehensive income, net of tax — — 11 — 11 Total comprehensive income (loss) $ 81,998 $ 113,415 $ (50 ) $ (113,354 ) $ 82,009 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 720,488 $ 24,888 $ (1,936 ) $ 743,440 Operating expenses Direct advertising expenses (1) — 253,142 14,922 (1,145 ) 266,919 General and administrative expenses (1) — 133,512 4,440 — 137,952 Corporate expenses (1) — 32,615 557 — 33,172 Depreciation and amortization — 98,882 4,325 — 103,207 (Gain) loss on disposition of assets — (1,640 ) (3 ) — (1,643 ) — 516,511 24,241 (1,145 ) 539,607 Operating income (loss) — 203,977 647 (791 ) 203,833 Equity in (earnings) loss of subsidiaries (197,901 ) — — 197,901 — Interest expense (income), net 63,458 (3 ) 794 (791 ) 63,458 Other expenses 71 — — — 71 Income (loss) before income tax expense 134,372 203,980 (147 ) (197,901 ) 140,304 Income tax expense (2) — 4,869 1,063 — 5,932 Net income (loss) $ 134,372 $ 199,111 $ (1,210 ) $ (197,901 ) $ 134,372 Statement of Comprehensive Income Net income (loss) $ 134,372 $ 199,111 $ (1,210 ) $ (197,901 ) $ 134,372 Total other comprehensive income, net of tax — — 888 — 888 Total comprehensive income (loss) $ 134,372 $ 199,111 $ (322 ) $ (197,901 ) $ 135,260 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 702,207 $ 25,718 $ (1,864 ) $ 726,061 Operating expenses Direct advertising expenses (1) — 247,306 15,346 (1,202 ) 261,450 General and administrative expenses (1) — 127,682 5,565 — 133,247 Corporate expenses (1) — 35,184 707 — 35,891 Depreciation and amortization — 99,667 3,755 — 103,422 (Gain) loss on disposition of assets — (12,265 ) 233 — (12,032 ) — 497,574 25,606 (1,202 ) 521,978 Operating income (loss) — 204,633 112 (662 ) 204,083 Equity in (earnings) loss of subsidiaries (197,964 ) — — 197,964 — Interest expense (income), net 61,361 (4 ) 668 (662 ) 61,363 Other expenses 3,198 — — — 3,198 Income (loss) before income tax expense 133,405 204,637 (556 ) (197,964 ) 139,522 Income tax expense (2) — 5,234 883 — 6,117 Net income (loss) $ 133,405 $ 199,403 $ (1,439 ) $ (197,964 ) $ 133,405 Statement of Comprehensive Income Net income (loss) $ 133,405 $ 199,403 $ (1,439 ) $ (197,964 ) $ 133,405 Total other comprehensive income, net of tax — — 1,479 — 1,479 Total comprehensive income (loss) $ 133,405 $ 199,403 $ 40 $ (197,964 ) $ 134,884 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.
Condensed Consolidating Statements of Cash Flows	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 127,087 $ 230,322 $ 3,902 $ (187,751 ) $ 173,560 Cash flows from investing activities: Acquisitions — (28,101 ) — — (28,101 ) Capital expenditures — (43,858 ) (3,978 ) — (47,836 ) Proceeds from disposition of assets and investments — 2,566 — — 2,566 Investment in subsidiaries (28,101 ) — — 28,101 — (Increase) decrease in intercompany notes receivable (3,594 ) — — 3,594 — Decrease in notes receivable 11 — — — 11 Net cash (used in) provided by investing activities (31,684 ) (69,393 ) (3,978 ) 31,695 (73,360 ) Cash flows from financing activities: Proceeds received from revolving credit facility 182,000 — — — 182,000 Payment on revolving credit facility (334,000 ) — — — (334,000 ) Principal payments on long-term debt (5,625 ) — — — (5,625 ) Proceeds received from senior credit facility 450,000 — — 450,000 Payment on senior credit facility (247,500 ) — — (247,500 ) Debt issuance costs (4,899 ) — — (4,899 ) Intercompany loan proceeds — — 3,594 (3,594 ) — Distributions to non-controlling interest — — (310 ) — (310 ) Dividends (to) from parent (171,517 ) (187,751 ) — 187,751 (171,517 ) Contributions from (to) parent 38,207 28,101 — (28,101 ) 38,207 Net cash provided by (used in) financing activities (93,334 ) (159,650 ) 3,284 156,056 (93,644 ) Effect of exchange rate changes in cash and cash equivalents — — 798 — 798 Net increase in cash and cash equivalents 2,069 1,279 4,006 — 7,354 Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 14,831 $ 2,480 $ 25,073 $ — $ 42,384 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2016 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 140,590 $ 239,840 $ 3,976 $ (194,681 ) $ 189,725 Cash flows from investing activities: Acquisitions — (506,147 ) — — (506,147 ) Capital expenditures — (50,034 ) (1,479 ) — (51,513 ) Proceeds from disposition of assets and investments — 6,734 — — 6,734 Investment in subsidiaries (506,147 ) — — 506,147 — (Increase) decrease in intercompany notes receivable 486 — — (486 ) — Decrease in notes receivable 13 — — — 13 Net cash (used in) provided by investing activities (505,648 ) (549,447 ) (1,479 ) 505,661 (550,913 ) Cash flows from financing activities: Proceeds received from revolving credit facility 347,000 — — — 347,000 Payment on revolving credit facility (233,000 ) — — — (233,000 ) Principal payments on long-term debt (9,385 ) — — — (9,385 ) Proceeds received from senior credit facility 300,000 — — — 300,000 Debt issuance costs (9,140 ) — — — (9,140 ) Proceeds received from note offering 400,000 — — — 400,000 Payment on senior credit facility (300,000 ) — — — (300,000 ) Intercompany loan proceeds — — (486 ) 486 — Distributions to non-controlling interest — — (210 ) — (210 ) Dividends (to) from parent (151,850 ) (190,672 ) — 190,672 (151,850 ) Contributions from (to) parent 36,000 502,138 — (502,138 ) 36,000 Net cash provided by (used in) financing activities 379,625 311,466 (696 ) (310,980 ) 379,415 Effect of exchange rate changes in cash and cash equivalents — — 1,183 — 1,183 Net increase in cash and cash equivalents 14,567 1,859 2,984 — 19,410 Cash and cash equivalents at beginning of period 4,955 454 16,418 — 21,827 Cash and cash equivalents at end of period $ 19,522 $ 2,313 $ 19,402 $ — $ 41,237

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting terms	Vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted	60,500
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	5 years
1996 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance to directors and employees	15,500,000
Number of shares available for grant under Incentive Plan	1,197,906
Compensation expense related to performance based compensation agreements	$ 2,623
1996 Equity Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	0.00%
1996 Equity Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	100.00%
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date of options granted under equity incentive plan	10 years
Restricted Stock [Member] | 1996 Equity Incentive Plan [Member] | Percentage of awards vesting on grant date [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of awards vesting on grant date	50.00%
Restricted Stock [Member] | 1996 Equity Incentive Plan [Member] | Percentage of Awards Vesting On Last Day of Each Directors Term [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	1 year
Percentage of awards vesting on grant date	50.00%
Restricted Stock [Member] | 1996 Equity Incentive Plan [Member] | Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 280
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant under Incentive Plan	274,282	250,573
Additional shares reserved under 2009 ESPP	82,823
2009 Employee Stock Purchase Plan [Member] | Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved under 2009 ESPP	82,823

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of ESPP Share Activity (Detail) - 2009 Employee Stock Purchase Plan [Member]	6 Months Ended
	Jun. 30, 2017shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2017	250,573
Additional shares reserved under 2009 ESPP	82,823
Purchases	(59,114)
Available for future purchases, June 30, 2017	274,282

Depreciation and Amortization -

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 51,782	$ 51,933	$ 103,207	$ 103,422
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	48,685	48,267	97,003	96,065
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	972	902	1,902	1,783
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 2,125	$ 2,764	$ 4,302	$ 5,574

Goodwill and Other Intangible28

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,543,395	$ 2,523,887
Accumulated Amortization	1,927,537	1,886,734
Goodwill gross carrying amount	1,979,980	1,979,894
Goodwill accumulated amortization	253,536	253,536
Customer Lists and Contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	561,320	559,513
Accumulated Amortization	$ 497,672	490,514
Customer Lists and Contracts [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Non-competition Agreements [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64,828	64,646
Accumulated Amortization	$ 63,801	63,692
Non-competition Agreements [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,902,987	1,885,554
Accumulated Amortization	$ 1,352,502	1,318,976
Site Locations [Member] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 14,260	14,174
Accumulated Amortization	$ 13,562	$ 13,552
Other [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	5 years
Other [Member] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

Asset Retirement Obligations -

Asset Retirement Obligations - Information Related to Asset Retirement Obligations (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 210,889
Additions to asset retirement obligations	419
Accretion expense	2,093
Liabilities settled	(1,908)
Ending Balance	$ 211,493

Distribution Restrictions - Add

Distribution Restrictions - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 2,773,582	$ 2,702,633
Description of provisions on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	(i) the total debt ratio less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.0 to 1.
Debt ratio	6.5
Debt ratio related to actual position on senior credit facility	6.5
Available cumulative credit	$ 1,524,061
Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3
LAMAR MEDIA CORP [Member] | Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
The number of dilutive shares excluded from calculation of basic earnings per share resulting from the anti-dilutive effect for stock options	0	0	0	0

Long-term Debt - Long-Term Debt

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt	$ 2,423,027	$ 2,378,152
Debt, Less current maturities	(22,500)	(39,375)
Debt, excluding current maturities	2,400,527	2,338,777
Deferred financing costs	31,173	28,969
Deferred financing costs, Less current maturities	(5,029)	(5,459)
Deferred financing costs, excluding current maturities	26,144	23,510
Debt, net of deferred financing costs	2,391,854	2,349,183
Debt, net of deferred financing costs, Less current maturities	(17,471)	(33,916)
Debt, net of deferred financing costs, excluding current maturities	2,374,383	2,315,267
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	478,000	433,125
Deferred financing costs	8,535	4,769
Debt, net of deferred financing costs	469,465	428,356
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	500,000	500,000
Deferred financing costs	6,470	7,071
Debt, net of deferred financing costs	493,530	492,929
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	5,323	5,709
Debt, net of deferred financing costs	529,677	529,291
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	5,326	5,662
Debt, net of deferred financing costs	504,674	504,338
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000	400,000
Deferred financing costs	5,519	5,758
Debt, net of deferred financing costs	394,481	394,242
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	27	27
Debt, net of deferred financing costs	$ 27	$ 27

Long-term Debt - Long-Term De33

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Jun. 30, 2017	Dec. 31, 2016	Jan. 28, 2016	Jan. 10, 2014	Oct. 30, 2012	Feb. 09, 2012
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.875%	5.875%				5.875%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%	5.00%			5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%	5.375%		5.375%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%	5.75%	5.75%

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)	May 15, 2017USD ($)	Jan. 28, 2016USD ($)	Jan. 10, 2014USD ($)	Oct. 30, 2012USD ($)	Feb. 09, 2012USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016
Debt Instrument [Line Items]
Amended and restated date	May 15, 2017
Proceeds received from senior credit facility term loans						$ 450,000,000	$ 300,000,000
Outstanding revolving credit facility						28,000,000
Remaining borrowing capacity under revolving credit facility						409,915,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance						$ 12,085,000
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 450,000,000
Debt instrument maturity date	May 15, 2022
Term A Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 450,000,000
Debt instrument maturity date	May 15, 2022
Proceeds received from senior credit facility term loans	$ 450,000,000
Term A Loan Facility [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.75%
Ratio of indebtedness to net capital one	3.25
Ratio of indebtedness to net capital minimum	1
Term A Loan Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.50%
Term A Loan Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.75%
Ratio of indebtedness to net capital one	3.25
Ratio of indebtedness to net capital minimum	1
Term A Loan Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument maturity date						May 15, 2022
Revolving Credit Facility [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.75%
Ratio of indebtedness to net capital one	3.25
Ratio of indebtedness to net capital minimum	1
Revolving Credit Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.50%
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.75%
Ratio of indebtedness to net capital one	3.25
Ratio of indebtedness to net capital minimum	1
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.50%
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes					5.875%	5.875%		5.875%
Aggregate principal amount of debt issued					$ 500,000,000
Net proceeds from the issuance of debt					$ 489,000,000
Redemption price percentage of the principal amount to be purchased					101.00%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes				5.00%		5.00%		5.00%
Aggregate principal amount of debt issued				$ 535,000,000
Net proceeds from the issuance of debt				$ 527,100,000
Redemption price percentage of the principal amount to be purchased				101.00%
Redemption percentage equal to principal amount include aggregate premium				100.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes			5.375%			5.375%		5.375%
Aggregate principal amount of debt issued			$ 510,000,000
Net proceeds from the issuance of debt			$ 502,300,000
Redemption price percentage of the principal amount to be purchased			101.00%
5 3/8% Senior Notes [Member] | Prior to January 15, 2019 [Member]
Debt Instrument [Line Items]
Redemption percentage equal to principal amount include aggregate premium			100.00%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes		5.75%				5.75%		5.75%
Aggregate principal amount of debt issued		$ 400,000,000
Net proceeds from the issuance of debt		$ 394,500,000
Redemption price percentage of the principal amount to be purchased		101.00%
5 3/4% Senior Notes [Member] | Prior to February 1, 2019 [Member]
Debt Instrument [Line Items]
Redemption percentage of aggregate principal amount of senior notes		35.00%
Additional redeemed percentage of aggregate principal amount		105.75%
Redemption percentage of issued notes which remain outstanding		65.00%
5 3/4% Senior Notes [Member] | Prior to February 1, 2021 [Member]
Debt Instrument [Line Items]
Additional redeemed percentage of aggregate principal amount		100.00%

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail)	6 Months Ended
	Jun. 30, 2017USD ($)
September 30, 2017-June 30, 2019 [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 5,625,000
September 30, 2019-June 30, 2020 [Member]
Debt Instrument [Line Items]
Principal payment amount	8,437,500
September 30, 2020-March 31, 2022 [Member]
Debt Instrument [Line Items]
Principal payment amount	16,875,000
Term A Loan Maturity Date [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 253,125,000

Long-term Debt - Schedule of 36

Long-term Debt - Schedule of Maturities of Long Term Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2017
September 30, 2017-June 30, 2019 [Member]
Debt Instrument [Line Items]
Principal payment date	September 30, 2017-June 30, 2019
September 30, 2019-June 30, 2020 [Member]
Debt Instrument [Line Items]
Principal payment date	September 30, 2019-June 30, 2020
September 30, 2020-March 31, 2022 [Member]
Debt Instrument [Line Items]
Principal payment date	September 30, 2020-March 31, 2022

Fair Value of Financial Instr37

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 2,518,170
Carrying amount of company's long term debt	$ 2,423,027	$ 2,378,152

Dividends_Distributions - Addit

Dividends/Distributions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Dividends [Line Items]
Distributions paid, per share	$ 0.83	$ 0.75	$ 1.66	$ 1.50
Distributions paid, preferred stockholders	$ 91	$ 91	$ 182	$ 182
Distributions paid, preferred stockholders, per share	$ 15.95	$ 15.95	$ 31.90	$ 31.90
Taxable Income Distribution [Member]
Dividends [Line Items]
Distributions paid	$ 81,332	$ 72,912	$ 162,520	$ 145,646
Distributions paid, per share	$ 0.83	$ 0.75	$ 1.66	$ 1.50

Information about Geographic 39

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 4,384		$ 4,893
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 15,555	$ 15,587

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Total current assets	$ 385,338	$ 314,253
Net property, plant and equipment	1,176,523	1,182,715
Total assets	3,946,077	3,898,884
Current liabilities:
Current maturities of long-term debt	17,471	33,916
Total current liabilities	260,569	277,324
Long-term debt, net of deferred financing costs	2,374,383	2,315,267
Total liabilities	2,874,972	2,829,356
Stockholders’ equity	1,071,105	1,069,528
Total liabilities and stockholders’ equity	3,946,077	3,898,884
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
ASSETS
Total current assets	384,838	313,753
Net property, plant and equipment	1,176,523	1,182,715
Intangibles and goodwill, net	2,331,683	2,352,892
Other assets	36,629	33,120
Total assets	3,929,673	3,882,480
Current liabilities:
Current maturities of long-term debt	17,471	33,916
Other current liabilities	239,463	240,146
Total current liabilities	256,934	274,062
Long-term debt, net of deferred financing costs	2,374,383	2,315,267
Other noncurrent liabilities	240,020	236,765
Total liabilities	2,871,337	2,826,094
Stockholders’ equity	1,058,336	1,056,386
Total liabilities and stockholders’ equity	3,929,673	3,882,480
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
ASSETS
Total current assets	15,951	13,886
Other assets	3,498,990	3,453,161
Total assets	3,514,941	3,467,047
Current liabilities:
Current maturities of long-term debt	17,471	33,916
Other current liabilities	39,397	38,904
Total current liabilities	56,868	72,820
Long-term debt, net of deferred financing costs	2,374,383	2,315,267
Other noncurrent liabilities	25,354	22,574
Total liabilities	2,456,605	2,410,661
Stockholders’ equity	1,058,336	1,056,386
Total liabilities and stockholders’ equity	3,514,941	3,467,047
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
ASSETS
Total current assets	330,608	268,091
Net property, plant and equipment	1,153,544	1,161,205
Intangibles and goodwill, net	2,301,224	2,321,160
Other assets	10,982	10,379
Total assets	3,796,358	3,760,835
Current liabilities:
Other current liabilities	176,043	180,107
Total current liabilities	176,043	180,107
Other noncurrent liabilities	214,042	213,916
Total liabilities	390,085	394,023
Stockholders’ equity	3,406,273	3,366,812
Total liabilities and stockholders’ equity	3,796,358	3,760,835
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	38,279	31,776
Net property, plant and equipment	22,979	21,510
Intangibles and goodwill, net	30,459	31,732
Other assets	248	116
Total assets	91,965	85,134
Current liabilities:
Other current liabilities	24,023	21,135
Total current liabilities	24,023	21,135
Other noncurrent liabilities	57,874	53,609
Total liabilities	81,897	74,744
Stockholders’ equity	10,068	10,390
Total liabilities and stockholders’ equity	91,965	85,134
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
ASSETS
Other assets	(3,473,591)	(3,430,536)
Total assets	(3,473,591)	(3,430,536)
Current liabilities:
Other noncurrent liabilities	(57,250)	(53,334)
Total liabilities	(57,250)	(53,334)
Stockholders’ equity	(3,416,341)	(3,377,202)
Total liabilities and stockholders’ equity	$ (3,473,591)	$ (3,430,536)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net revenues	$ 397,078	$ 387,528	$ 743,440	$ 726,061
Operating expenses
Direct advertising expenses	135,075	132,725	266,919	261,450
General and administrative expenses	65,921	66,457	137,952	133,247
Corporate expenses	16,730	20,047	33,363	36,073
Depreciation and amortization	51,782	51,933	103,207	103,422
(Gain) loss on disposition of assets	(607)	(705)	(1,643)	(12,032)
Total Operating Expenses	268,901	270,457	539,798	522,160
Operating income	128,177	117,071	203,642	203,901
Income before income tax expense	96,127	85,719	140,113	139,340
Income tax expense	3,733	3,810	5,932	6,117
Net income	92,394	81,909	134,181	133,223
Statements of Comprehensive Income
Net income	92,394	81,909	134,181	133,223
Comprehensive income	93,139	81,920	135,069	134,702
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	397,078	387,528	743,440	726,061
Operating expenses
Direct advertising expenses	135,075	132,725	266,919	261,450
General and administrative expenses	65,921	66,457	137,952	133,247
Corporate expenses	16,645	19,958	33,172	35,891
Depreciation and amortization	51,782	51,933	103,207	103,422
(Gain) loss on disposition of assets	(607)	(705)	(1,643)	(12,032)
Total Operating Expenses	268,816	270,368	539,607	521,978
Operating income	128,262	117,160	203,833	204,083
Interest expense (income), net	31,979	31,296	63,458	61,363
Other expenses	71	56	71	3,198
Income before income tax expense	96,212	85,808	140,304	139,522
Income tax expense	3,733	3,810	5,932	6,117
Net income	92,479	81,998	134,372	133,405
Statements of Comprehensive Income
Net income	92,479	81,998	134,372	133,405
Total other comprehensive income, net of tax	745	11	888	1,479
Comprehensive income	93,224	82,009	135,260	134,884
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
Operating expenses
Equity in (earnings) loss of subsidiaries	(124,527)	(113,354)	(197,901)	(197,964)
Interest expense (income), net	31,977	31,300	63,458	61,361
Other expenses	71	56	71	3,198
Income before income tax expense	92,479	81,998	134,372	133,405
Net income	92,479	81,998	134,372	133,405
Statements of Comprehensive Income
Net income	92,479	81,998	134,372	133,405
Comprehensive income	92,479	81,998	134,372	133,405
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net revenues	384,685	374,629	720,488	702,207
Operating expenses
Direct advertising expenses	128,038	125,417	253,142	247,306
General and administrative expenses	63,500	63,683	133,512	127,682
Corporate expenses	16,358	19,536	32,615	35,184
Depreciation and amortization	49,634	49,978	98,882	99,667
(Gain) loss on disposition of assets	(603)	(705)	(1,640)	(12,265)
Total Operating Expenses	256,927	257,909	516,511	497,574
Operating income	127,758	116,720	203,977	204,633
Interest expense (income), net		(3)	(3)	(4)
Income before income tax expense	127,758	116,723	203,980	204,637
Income tax expense	3,146	3,308	4,869	5,234
Net income	124,612	113,415	199,111	199,403
Statements of Comprehensive Income
Net income	124,612	113,415	199,111	199,403
Comprehensive income	124,612	113,415	199,111	199,403
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net revenues	13,414	13,883	24,888	25,718
Operating expenses
Direct advertising expenses	7,635	7,950	14,922	15,346
General and administrative expenses	2,421	2,774	4,440	5,565
Corporate expenses	287	422	557	707
Depreciation and amortization	2,148	1,955	4,325	3,755
(Gain) loss on disposition of assets	(4)		(3)	233
Total Operating Expenses	12,487	13,101	24,241	25,606
Operating income	927	782	647	112
Interest expense (income), net	425	341	794	668
Income before income tax expense	502	441	(147)	(556)
Income tax expense	587	502	1,063	883
Net income	(85)	(61)	(1,210)	(1,439)
Statements of Comprehensive Income
Net income	(85)	(61)	(1,210)	(1,439)
Total other comprehensive income, net of tax	745	11	888	1,479
Comprehensive income	660	(50)	(322)	40
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Net revenues	(1,021)	(984)	(1,936)	(1,864)
Operating expenses
Direct advertising expenses	(598)	(642)	(1,145)	(1,202)
Total Operating Expenses	(598)	(642)	(1,145)	(1,202)
Operating income	(423)	(342)	(791)	(662)
Equity in (earnings) loss of subsidiaries	124,527	113,354	197,901	197,964
Interest expense (income), net	(423)	(342)	(791)	(662)
Income before income tax expense	(124,527)	(113,354)	(197,901)	(197,964)
Net income	(124,527)	(113,354)	(197,901)	(197,964)
Statements of Comprehensive Income
Net income	(124,527)	(113,354)	(197,901)	(197,964)
Comprehensive income	$ (124,527)	$ (113,354)	$ (197,901)	$ (197,964)

Condensed Consolidating State42

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 194,753	$ 211,025
Cash flows from investing activities:
Acquisitions	(28,101)	(506,147)
Capital expenditures	(47,836)	(51,513)
Proceeds from disposition of assets and investments	2,566	6,734
Decrease in notes receivable	11	13
Net cash used in investing activities	(73,360)	(550,913)
Cash flows from financing activities:
Proceeds received from revolving credit facility	182,000	347,000
Payment on revolving credit facility	(334,000)	(233,000)
Principal payments on long term debt	(5,625)	(9,385)
Proceeds received from senior credit facility term loans	450,000	300,000
Payment on senior credit facility	(247,500)	(300,000)
Debt issuance costs	(4,899)	(9,140)
Proceeds received from note offering		400,000
Distributions to non-controlling interest	(310)	(210)
Net cash (used in) provided by financing activities	(114,837)	358,115
Effect of exchange rate changes in cash and cash equivalents	798	1,183
Net (decrease) increase in cash and cash equivalents	7,354	19,410
Cash and cash equivalents at beginning of period	35,530	22,327
Cash and cash equivalents at end of period	42,884	41,737
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	173,560	189,725
Cash flows from investing activities:
Acquisitions	(28,101)	(506,147)
Capital expenditures	(47,836)	(51,513)
Proceeds from disposition of assets and investments	2,566	6,734
Decrease in notes receivable	11	13
Net cash used in investing activities	(73,360)	(550,913)
Cash flows from financing activities:
Proceeds received from revolving credit facility	182,000	347,000
Payment on revolving credit facility	(334,000)	(233,000)
Principal payments on long term debt	(5,625)	(9,385)
Proceeds received from senior credit facility term loans	450,000	300,000
Payment on senior credit facility	(247,500)	(300,000)
Debt issuance costs	(4,899)	(9,140)
Proceeds received from note offering		400,000
Distributions to non-controlling interest	(310)	(210)
Dividends (to) from parent	(171,517)	(151,850)
Contributions from (to) parent	38,207	36,000
Net cash (used in) provided by financing activities	(93,644)	379,415
Effect of exchange rate changes in cash and cash equivalents	798	1,183
Net (decrease) increase in cash and cash equivalents	7,354	19,410
Cash and cash equivalents at beginning of period	35,030	21,827
Cash and cash equivalents at end of period	42,384	41,237
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	127,087	140,590
Cash flows from investing activities:
Investment in subsidiaries	(28,101)	(506,147)
(Increase) decrease in intercompany notes receivable	(3,594)	486
Decrease in notes receivable	11	13
Net cash used in investing activities	(31,684)	(505,648)
Cash flows from financing activities:
Proceeds received from revolving credit facility	182,000	347,000
Payment on revolving credit facility	(334,000)	(233,000)
Principal payments on long term debt	(5,625)	(9,385)
Proceeds received from senior credit facility term loans	450,000	300,000
Payment on senior credit facility	(247,500)	(300,000)
Debt issuance costs	(4,899)	(9,140)
Proceeds received from note offering		400,000
Dividends (to) from parent	(171,517)	(151,850)
Contributions from (to) parent	38,207	36,000
Net cash (used in) provided by financing activities	(93,334)	379,625
Net (decrease) increase in cash and cash equivalents	2,069	14,567
Cash and cash equivalents at beginning of period	12,762	4,955
Cash and cash equivalents at end of period	14,831	19,522
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	230,322	239,840
Cash flows from investing activities:
Acquisitions	(28,101)	(506,147)
Capital expenditures	(43,858)	(50,034)
Proceeds from disposition of assets and investments	2,566	6,734
Net cash used in investing activities	(69,393)	(549,447)
Cash flows from financing activities:
Dividends (to) from parent	(187,751)	(190,672)
Contributions from (to) parent	28,101	502,138
Net cash (used in) provided by financing activities	(159,650)	311,466
Net (decrease) increase in cash and cash equivalents	1,279	1,859
Cash and cash equivalents at beginning of period	1,201	454
Cash and cash equivalents at end of period	2,480	2,313
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	3,902	3,976
Cash flows from investing activities:
Capital expenditures	(3,978)	(1,479)
Net cash used in investing activities	(3,978)	(1,479)
Cash flows from financing activities:
Intercompany loan proceeds	3,594	(486)
Distributions to non-controlling interest	(310)	(210)
Net cash (used in) provided by financing activities	3,284	(696)
Effect of exchange rate changes in cash and cash equivalents	798	1,183
Net (decrease) increase in cash and cash equivalents	4,006	2,984
Cash and cash equivalents at beginning of period	21,067	16,418
Cash and cash equivalents at end of period	25,073	19,402
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(187,751)	(194,681)
Cash flows from investing activities:
Investment in subsidiaries	28,101	506,147
(Increase) decrease in intercompany notes receivable	3,594	(486)
Net cash used in investing activities	31,695	505,661
Cash flows from financing activities:
Intercompany loan proceeds	(3,594)	486
Dividends (to) from parent	187,751	190,672
Contributions from (to) parent	(28,101)	(502,138)
Net cash (used in) provided by financing activities	$ 156,056	$ (310,980)