Lamar Advertising (LAMR) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
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
Entity Small Business	false
Entity Emerging Growth Company	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		85,085,392
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	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
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
Entity Small Business	false
Entity Emerging Growth Company	false
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	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 10,609	$ 115,471
Receivables, net of allowance for doubtful accounts	227,960	201,699
Prepaid lease expenses	75,690	51,074
Other current assets	51,639	52,275
Total current assets	365,898	420,519
Property, plant and equipment	3,412,221	3,384,723
Less accumulated depreciation and amortization	(2,218,908)	(2,170,585)
Net property, plant and equipment	1,193,313	1,214,138
Goodwill	1,737,401	1,740,454
Intangible assets	773,659	796,348
Other assets	54,349	42,886
Total assets	4,124,620	4,214,345
Current liabilities:
Trade accounts payable	19,526	17,961
Current maturities of long-term debt, net of deferred financing costs	26,728	17,664
Accrued expenses	102,586	197,675
Deferred income	107,144	92,694
Total current liabilities	255,984	325,994
Long-term debt, net of deferred financing costs	2,519,153	2,539,026
Deferred income tax liabilities	2,508	884
Asset retirement obligation	216,050	215,089
Other liabilities	33,966	29,859
Total liabilities	3,027,661	3,110,852
Stockholders’ equity:
Additional paid-in capital	1,820,911	1,762,499
Accumulated comprehensive income	703	1,302
Accumulated deficit	(699,342)	(639,106)
Cost of shares held in treasury, 388,903 and 331,284 shares at 2018 and 2017, respectively	(25,412)	(21,300)
Stockholders’ equity	1,096,959	1,103,493
Total liabilities and stockholders’ equity	4,124,620	4,214,345
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	10,109	114,971
Receivables, net of allowance for doubtful accounts	227,960	201,699
Prepaid lease expenses	75,690	51,074
Other current assets	51,639	52,275
Total current assets	365,398	420,019
Property, plant and equipment	3,412,221	3,384,723
Less accumulated depreciation and amortization	(2,218,908)	(2,170,585)
Net property, plant and equipment	1,193,313	1,214,138
Goodwill	1,727,250	1,730,303
Intangible assets	773,191	795,879
Other assets	48,683	37,603
Total assets	4,107,835	4,197,942
Current liabilities:
Trade accounts payable	19,526	17,961
Current maturities of long-term debt, net of deferred financing costs	26,728	17,664
Accrued expenses	98,001	193,667
Deferred income	107,144	92,694
Total current liabilities	251,399	321,986
Long-term debt, net of deferred financing costs	2,519,153	2,539,026
Deferred income tax liabilities	2,508	884
Asset retirement obligation	216,050	215,089
Other liabilities	33,966	29,859
Total liabilities	3,023,076	3,106,844
Stockholders’ equity:
Additional paid-in capital	2,890,971	2,832,940
Accumulated comprehensive income	703	1,302
Accumulated deficit	(1,806,915)	(1,743,144)
Stockholders’ equity	1,084,759	1,091,098
Total liabilities and stockholders’ equity	4,107,835	4,197,942
Series AA Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Common Class A [Member]
Stockholders’ equity:
Common stock, value	85	84
Common Class B [Member]
Stockholders’ equity:
Common stock, value	$ 14	$ 14

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 11,642	$ 10,055
Current deferred financing costs	4,820	5,133
Noncurrent deferred financing costs	$ 21,034	$ 23,586
Shares held in treasury	388,903	331,284
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 11,642	$ 10,055
Current deferred financing costs	4,820	5,133
Noncurrent deferred financing costs	$ 21,034	$ 23,586
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	85,111,569	84,169,118
Common stock, shares outstanding	84,722,666	83,837,834
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	14,420,085
Common stock, shares outstanding	14,420,085	14,420,085

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net revenues	$ 418,498	$ 399,345	$ 1,199,324	$ 1,142,785
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 140,699	$ 134,977	$ 419,776	$ 401,896
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 73,166	$ 68,500	$ 213,060	$ 206,452
Corporate expenses (exclusive of depreciation and amortization)	20,776	15,088	62,027	48,451
Depreciation and amortization	55,089	51,796	167,251	155,003
Loss (gain) on disposition of assets	407	(2,734)	7,265	(4,377)
Total Operating Expenses	290,137	267,627	869,379	807,425
Operating income	128,361	131,718	329,945	335,360
Other expense (income)
Loss on extinguishment of debt			15,429	71
Interest income	(157)	(2)	(313)	(6)
Interest expense	31,850	32,064	97,321	95,526
Non-operating (Income) Expenses	31,693	32,062	112,437	95,591
Income before income tax expense	96,668	99,656	217,508	239,769
Income tax expense	2,612	3,325	7,969	9,257
Net income	94,056	96,331	209,539	230,512
Cash dividends declared and paid on preferred stock	91	91	273	273
Net income applicable to common stock	$ 93,965	$ 96,240	$ 209,266	$ 230,239
Earnings per share:
Basic earnings per share	$ 0.95	$ 0.98	$ 2.12	$ 2.35
Diluted earnings per share	0.95	0.98	2.12	2.34
Cash dividends declared per share of common stock	$ 0.91	$ 0.83	$ 2.73	$ 2.49
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	98,943,535	98,044,523	98,596,828	97,855,642
Weighted average common shares outstanding diluted	99,253,008	98,490,277	98,870,116	98,340,248
Statements of Comprehensive Income
Net income	$ 94,056	$ 96,331	$ 209,539	$ 230,512
Other comprehensive income (loss)
Foreign currency translation adjustments	221	1,216	(599)	2,104
Comprehensive income	94,277	97,547	208,940	232,616
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	$ 418,498	$ 399,345	$ 1,199,324	$ 1,142,785
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 140,699	$ 134,977	$ 419,776	$ 401,896
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 73,166	$ 68,500	$ 213,060	$ 206,452
Corporate expenses (exclusive of depreciation and amortization)	20,667	14,982	61,723	48,154
Depreciation and amortization	55,089	51,796	167,251	155,003
Loss (gain) on disposition of assets	407	(2,734)	7,265	(4,377)
Total Operating Expenses	290,028	267,521	869,075	807,128
Operating income	128,470	131,824	330,249	335,657
Other expense (income)
Loss on extinguishment of debt			15,429	71
Interest income	(157)	(2)	(313)	(6)
Interest expense	31,850	32,064	97,321	95,526
Non-operating (Income) Expenses	31,693	32,062	112,437	95,591
Income before income tax expense	96,777	99,762	217,812	240,066
Income tax expense	2,612	3,325	7,969	9,257
Net income	94,165	96,437	209,843	230,809
Statements of Comprehensive Income
Net income	94,165	96,437	209,843	230,809
Other comprehensive income (loss)
Foreign currency translation adjustments	221	1,216	(599)	2,104
Comprehensive income	$ 94,386	$ 97,653	$ 209,244	$ 232,913

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 209,539	$ 230,512
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	167,251	155,003
Stock-based compensation	22,745	7,060
Amortization included in interest expense	3,662	3,866
Loss (gain) on disposition of assets and investments	7,265	(4,377)
Loss on extinguishment of debt	15,429	71
Deferred tax expense	1,575	259
Provision for doubtful accounts	5,547	6,009
(Increase) decrease in:
Receivables	(31,672)	(38,083)
Prepaid lease expenses	(24,989)	(23,281)
Other assets	1,698	(4,334)
Increase (decrease) in:
Trade accounts payable	1,268	401
Accrued expenses	(20,708)	(21,768)
Other liabilities	11,479	9,300
Net cash provided by operating activities	370,089	320,638
Cash flows from investing activities:
Acquisitions	(48,141)	(119,936)
Capital expenditures	(82,174)	(74,446)
Proceeds received from property insurance claims	4,222
Proceeds from disposition of assets and investments	5,760	3,340
Decrease in notes receivable	7	13
Net cash (used in) provided by investing activities	(120,326)	(191,029)
Cash flows from financing activities:
Cash used for purchase of treasury stock	(4,112)	(8,997)
Net proceeds from issuance of common stock	31,990	19,817
Principal payments on long-term debt	(20,119)	(11,250)
Payment on revolving credit facility	(368,000)	(407,000)
Proceeds received from revolving credit facility	275,000	317,000
Redemption of senior subordinated notes	(509,790)
Payment on senior credit facility term loans		(247,500)
Proceeds received from senior credit facility term loans	599,250	450,000
Debt issuance costs	(6,374)	(4,941)
Distributions to non-controlling interest	(388)	(415)
Dividends/distributions	(351,400)	(244,201)
Net cash (used in) provided by financing activities	(353,943)	(137,487)
Effect of exchange rate changes in cash and cash equivalents	(682)	1,767
Net (decrease) increase in cash and cash equivalents	(104,862)	(6,111)
Cash and cash equivalents at beginning of period	115,471	35,530
Cash and cash equivalents at end of period	10,609	29,419
Supplemental disclosures of cash flow information:
Cash paid for interest	110,576	104,966
Cash paid for foreign, state and federal income taxes	7,983	9,969
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	209,843	230,809
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	167,251	155,003
Stock-based compensation	22,745	7,060
Amortization included in interest expense	3,662	3,866
Loss (gain) on disposition of assets and investments	7,265	(4,377)
Loss on extinguishment of debt	15,429	71
Deferred tax expense	1,575	259
Provision for doubtful accounts	5,547	6,009
(Increase) decrease in:
Receivables	(31,672)	(38,083)
Prepaid lease expenses	(24,989)	(23,281)
Other assets	1,714	(4,334)
Increase (decrease) in:
Trade accounts payable	1,268	401
Accrued expenses	(20,708)	(21,768)
Other liabilities	(15,643)	(13,033)
Net cash provided by operating activities	343,287	298,602
Cash flows from investing activities:
Acquisitions	(48,141)	(119,936)
Capital expenditures	(82,174)	(74,446)
Proceeds received from property insurance claims	4,222
Proceeds from disposition of assets and investments	5,760	3,340
Decrease in notes receivable	7	13
Net cash (used in) provided by investing activities	(120,326)	(191,029)
Cash flows from financing activities:
Principal payments on long-term debt	(20,119)	(11,250)
Payment on revolving credit facility	(368,000)	(407,000)
Proceeds received from revolving credit facility	275,000	317,000
Redemption of senior subordinated notes	(509,790)
Payment on senior credit facility term loans		(247,500)
Proceeds received from senior credit facility term loans	599,250	450,000
Debt issuance costs	(6,374)	(4,941)
Distributions to non-controlling interest	(388)	(415)
Contributions from parent	58,427	41,580
Dividend to parent	(355,147)	(252,925)
Net cash (used in) provided by financing activities	(327,141)	(115,451)
Effect of exchange rate changes in cash and cash equivalents	(682)	1,767
Net (decrease) increase in cash and cash equivalents	(104,862)	(6,111)
Cash and cash equivalents at beginning of period	114,971	35,030
Cash and cash equivalents at end of period	10,109	28,919
Supplemental disclosures of cash flow information:
Cash paid for interest	110,576	104,966
Cash paid for foreign, state and federal income taxes	$ 7,983	$ 9,969

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
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 2017 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 2017 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, 7, 9, 10, 11, 13, 14 and 16 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.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenues	2. Revenues On January 1, 2018, we adopted FASB Accounting Standards Update (“ASU”) No. 2014-09 (Codified as ASC 606), Revenue from Contracts with Customers Leases A majority of our billboard, logo, and transit space contracts are accounted for under ASC 840 and will continue to be accounted for under the topic until January 1, 2019, our adoption date of ASU No. 2016-02 (Codified as ASC 842), Leases Revenue Revenue Recognition Advertising revenues : The majority of our revenues are derived from contracts for advertising space on billboard, logo and transit displays and are currently accounted for under ASC 840, . Upon the Company’s adoption of ASC 842, the majority of our contracts for advertising space will transition to being accounted for under ASC 606, The contract revenues, under ASC 840, and ASC 606, , are recognized ratably over their contract life. Other revenues: Our other component of revenue primarily consists of production services which includes creating and printing the advertising copy. As of January 1, 2018 revenue for production contracts is recognized under ASC 606. Contract revenues for production services are recognized upon satisfaction of the contract which is typically less than one week. Arrangements with multiple performance obligations: Our contracts with customers may include multiple performance obligations. For such arrangements, we allocate revenue to each performance obligation based on the relative standalone selling price. We determine standalone selling prices based on the prices charged to customers using expected cost plus margin. Deferred revenues: We record deferred revenues when cash payments are received or due in advance of our performance obligation. The term between invoicing and when a payment is due is not significant. For certain services we require payment before the product or services are delivered to the customer. The balance of deferred income is considered short-term and will be recognized in revenue within twelve months. Practical expedients and exemptions: Upon our transition to ASC 606 from ASC 840, the Company plans to utilize the following practical expedients and exemptions from ASC 606. We generally expense sales commissions when incurred because the amortization period is one year or less. These costs are recorded within direct advertising expense (exclusive of depreciation and amortization). We do not disclose the value of unsatisfied performance obligations as the majority of our contracts with customers have an original expected length of less than one year. For contracts with customers which exceed one year, the future amount to be invoiced to the customer corresponds directly with the value to be received by the customer. The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the three and nine months ended September 30, 2018 and September 30, 2017. Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Billboard Advertising $ 364,604 $ 346,264 $ 1,042,774 $ 995,875 Logo Advertising 20,796 21,107 62,803 62,194 Transit Advertising 33,098 31,974 93,747 84,716 Net Revenues $ 418,498 $ 399,345 $ 1,199,324 $ 1,142,785

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	3. 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 86,000 shares of its Class A common stock during the nine months ended September 30, 2018. At September 30, 2018 a total of 987,815 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 83,838 shares on January 1, 2018 pursuant to the automatic increase provisions of the 2009 ESPP. The following is a summary of 2009 ESPP share activity for the nine months ended September 30, 2018: Shares Available for future purchases, January 1, 2018 225,418 Additional shares reserved under 2009 ESPP 83,838 Purchases (97,257 ) Available for future purchases, September 30, 2018 211,999 Performance-based compensation. Unrestricted shares of our Class A common stock may be awarded to key officers, employees and directors under the 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 2018 results. Any shares issued based on the achievement of performance goals will be issued in the first quarter of 2019. 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 nine months ended September 30, 2018, the Company has recorded $19,642 as stock-based compensation expense related to performance-based awards. In addition, each non-employee director automatically receives a restricted stock award of our Class A common stock upon election or re-election. The awards vest 50% on grant date and 50% on the last day of the directors’ one year term. The Company recorded a $326 stock-based compensation expense related to these awards for the nine months ended September 30, 2018.

Depreciation and Amortization

Depreciation and Amortization	9 Months Ended
	Sep. 30, 2018
Depreciation And Amortization [Abstract]
Depreciation and Amortization	4. 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 September 30, Nine months ended September 30, 2018 2017 2018 2017 Direct advertising expenses $ 51,360 $ 47,168 $ 155,832 $ 144,171 General and administrative expenses 927 955 2,935 2,857 Corporate expenses 2,802 3,673 8,484 7,975 $ 55,089 $ 51,796 $ 167,251 $ 155,003

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5. Goodwill and Other Intangible Assets The following is a summary of intangible assets at September 30, 2018 and December 31, 2017: Estimated September 30, 2018 December 31, 2017 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7—10 $ 582,156 $ 510,291 $ 586,055 $ 505,778 Non-competition agreements 3—15 65,752 64,062 65,477 63,924 Site locations 15 2,091,912 1,404,915 2,072,059 1,372,954 Other 2—15 45,898 32,791 45,741 30,328 $ 2,785,718 $ 2,012,059 $ 2,769,332 $ 1,972,984 Unamortizable intangible assets: Goodwill $ 1,990,937 $ 253,536 $ 1,993,990 $ 253,536

Asset Retirement Obligations

Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	6. 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, 2017 $ 215,089 Additions to asset retirement obligations 793 Accretion expense 3,332 Liabilities settled (3,164 ) Balance at September 30, 2018 $ 216,050

Distribution Restrictions

Distribution Restrictions	9 Months Ended
	Sep. 30, 2018
Distribution Restrictions [Abstract]
Distribution Restrictions	7. 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 September 30, 2018 and December 31, 2017, 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 $3,065,217 and $2,975,593, respectively. As of September 30, 2018, 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 September 30, 2018, 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 is less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.5 to 1. As of September 30, 2018, the total debt ratio was less than 6.5 to 1 and Lamar Media’s secured debt ratio was less than 3.5 to 1, and the available cumulative credit was $1,815,696.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	8. 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 nine months ended September 30, 2018 or 2017.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-term Debt	9. Long-term Debt Long-term debt consists of the following at September 30, 2018 and December 31, 2017: September 30, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,123,187 $ 12,207 $ 1,110,980 5% Senior Subordinated Notes 535,000 4,314 530,686 5 3/8% Senior Notes 510,000 4,446 505,554 5 3/4% Senior Notes 400,000 4,887 395,113 Other notes with various rates and terms 3,548 — 3,548 2,571,735 25,854 2,545,881 Less current maturities (31,548 ) (4,820 ) (26,728 ) Long-term debt, excluding current maturities $ 2,540,187 $ 21,034 $ 2,519,153 December 31, 2017 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 636,750 $ 7,689 $ 629,061 5 7/8% Senior Subordinated Notes 500,000 5,850 494,150 5% Senior Subordinated Notes 535,000 4,927 530,073 5 3/8% Senior Notes 510,000 4,982 505,018 5 3/4% Senior Notes 400,000 5,271 394,729 Other notes with various rates and terms 3,659 — 3,659 2,585,409 28,719 2,556,690 Less current maturities (22,797 ) (5,133 ) (17,664 ) Long-term debt, excluding current maturities $ 2,562,612 $ 23,586 $ 2,539,026 Senior Credit Facility On March 16, 2018, Lamar Media Corp. entered into Amendment No. 1 (“Amendment No. 1”) to the Third Amended and Restated Credit Agreement dated May 15, 2017, with Lamar Advertising, certain of Lamar Media’s subsidiaries as Guarantors, JPMorgan Chase Bank, N.A. as Administrative Agent and the lenders named therein, under which the parties agreed to amend the existing senior credit facility to establish a new $600,000 Term B Loan Facility (the “Term B loan”), which will mature on March 16, 2025. The Term B loan began amortizing on June 30, 2018 in equal quarterly installments of $1,500 with the remainder payable at maturity. Lamar borrowed the full amount of the Term B loan on March 16, 2018. The proceeds from the Term B loan, together with available cash on hand were used to redeem in full Lamar Media’s 5 7/8% Senior Subordinated Notes due 2022 (the “5 7/8% Notes”). Lamar Media’s Third Amended and Restated Credit Agreement dated as of May 15, 2017 (as amended by Amendment No. 1, the “senior credit facility”) consists of (i) a $450,000 senior secured revolving credit facility which will mature on May 15, 2022, (ii) a $450,000 Term A loan facility (the “Term A loans” and together with the Term B loans, the “Term loans”) which will mature on May 15, 2022, (iii) the Term B loans and (iv) 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. 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 mature on May 15, 2022 and the Term B loans mature on March 16, 2025. The remaining quarterly installments are scheduled to be paid on each December 31, March 31, June 30 and September 30 as follows: Principal Payment Date Term A Term B December 31, 2018-June 30, 2019 $ 5,625 $ 1,500 September 30, 2019-June 30, 2020 $ 8,438 $ 1,500 September 30, 2020-March 31, 2022 $ 16,875 $ 1,500 Term A Loan Maturity May 15, 2022 $ 253,125 $ — June 30, 2022-December 31, 2024 $ — $ 1,500 Term B Loan Maturity March 16, 2025 $ — $ 559,500 The Term loans bear interest at rates based on the Adjusted LIBO Rate (“Eurodollar term loans”) or the Adjusted Base Rate (“Base Rate term loans”), at Lamar Media’s option. Eurodollar term loans bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 1.75%; (or the Adjusted LIBO Rate plus 1.50% at any time the Total Debt Ratio is less than or equal to 3.25 to 1 for Term A loans only). Base Rate term loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 0.75% (or the Adjusted Base Rate plus 0.50% at any time the Total Debt Ratio is less than or equal to 3.25 to 1 for Term A loans only). The revolving credit facility bears interest at rates based on the Adjusted LIBO Rate (“Eurodollar revolving loans”) or the Adjusted Base Rate (“Base Rate revolving loans”), at Lamar Media’s option. Eurodollar revolving loans bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 2.25% (or the Adjusted LIBO Rate plus 2.00% at any time the Total Debt Ratio is less than or equal to 4.25 to 1; or the Adjusted LIBO Rate plus 1.75% at any time the Total Debt Ratio is less than or equal to 3.00 to 1). Base Loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 1.25% (or the Adjusted Base Rate plus 1.0% at any time the total debt ratio is less than or equal to 4.25 to 1, or the Adjusted Base Rate plus 0.75% at any time the Total Debt Ratio is less than or equal to 3.00 to 1). The guarantees, covenants, events of and other terms of the senior credit facility apply to the Term A and B loans and revolving credit facility. As of September 30, 2018, there was $105,000 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 $12,953 in letters of credit outstanding as of September 30, 2018 resulting in $332,047 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. 5 7/8% Senior Subordinated Notes On February 9, 2012, Lamar Media completed an institutional private placement of $500,000 aggregate principal amount of its 5 7/8% Notes. The institutional private placement resulted in net proceeds to Lamar Media of approximately $489,000. The Company used the proceeds from the Term B loans to redeem all of the 5 7/8% Notes on March 19, 2018 at a redemption price of 101.958% of the aggregate principal amount of the outstanding 5 7/8% Notes, plus accrued and unpaid interest up to but not including the redemption date. In conjunction with the redemption the Company recorded a loss on debt extinguishment of $15,429, of which $9,790 was cash, for the nine months ended September 30, 2018. 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. 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.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	10. Fair Value of Financial Instruments At September 30, 2018 and December 31, 2017, 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 $2,616,346 which exceeded the carrying amount of $2,571,735 as of September 30, 2018. 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	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Pronouncements	11. New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09 (Codified as ASC 606), Revenue from Contracts with Customers In February 2016, the FASB issued ASU No. 2016-02 (Codified as ASC 842), Leases In January 2018, the FASB issued ASU No. 2018-01, Leases (Topic 842) – Land Easement Practical Expedient for Transition to Topic 842. In July 2018, The FASB issued ASU No. 2018-11, Leases (Topic 842) – Targeted Improvements. Topic 842

Dividends_Distributions

Dividends/Distributions	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Dividends/Distributions	12. Dividends/Distributions During the three months ended September 30, 2018 and September 30, 2017, the Company declared and paid cash distributions of its REIT taxable income in an aggregate amount of $90,177 or $0.91 per share and $81,408 or $0.83 per share, respectively. During the nine months ended September 30, 2018, the Company paid cash distributions of its REIT taxable income in an aggregate amount of $351,036 or $3.56 per share. The distributions paid during the nine months ended September 30, 2018 include distributions declared and accrued as of December 31, 2017 of $81,534 or $0.83 per share. During the nine months ended September 30, 2017, the Company declared and paid cash distributions of its REIT taxable income in an aggregate amount of $243,928 or $2.49 per share. 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 September 30, 2018 and September 30, 2017, 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 nine months ended September 30, 2018, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $364 or $63.80 per share. During the nine months ended September 30, 2017, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $273 or $47.85 per share.

Information about Geographic Ar

Information about Geographic Areas	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Information about Geographic Areas	13. Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $25,659 and $24,335 for the nine months ended September 30, 2018 and 2017, respectively. Net carrying value of long lived assets located in foreign countries totaled $2,882 and $3,571 as of September 30, 2018 and December 31, 2017, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

Non-cash Financing and Investin

Non-cash Financing and Investing Activities	9 Months Ended
	Sep. 30, 2018
Noncash Investing And Financing Items [Abstract]
Non-cash Financing and Investing Activities	14. Non-cash Financing and Investing Activities During the nine months ended September 30, 2018, the Company had non-cash investing activities for the issuance of 163,137 shares of its Class A common stock related to our acquisition purchases. The issuance had an approximate value of $12,282. There were no significant non-cash investing activities for the nine months ended September 30, 2017. Also, there were no significant non-cash financing activities during the nine months ended September 30, 2018 or 2017.

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders’ Equity	15. Stockholders’ Equity On May 1, 2018, the Company entered into an equity distribution agreement (the “Sales Agreement”) with J.P. Morgan Securities LLC, Wells Fargo Securities LLC, and SunTrust Robinson Humphrey, Inc. as its sales agents (each a “Sales Agent”, and collectively, the “Sales Agents”). Under the terms of the Sales Agreement, the Company may, from time to time, issue and sell shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”), having an aggregate offering price of up to $400,000, through the Sales Agents as either agents or principals. As of September 30, 2018, 213,276 shares of our Class A Common Stock have been sold under the Sales Agreement and accordingly $384,929 remains available to be sold under the Sales Agreement. Sales of the Class A Common Stock, if any, may be made in negotiated transactions or transactions that are deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on or through the Nasdaq Global Select Market and any other existing trading market for the Class A Common Stock, or sales made to or through a market maker other than on an exchange. The Company has no obligation to sell any of the Class A Common Stock under the Sales Agreement and may at any time suspend solicitations and offers under the Sales Agreement. On August 6, 2018, the Company filed an automatically effective shelf registration statement that registered the offer and sale of an indeterminate amount of additional shares of our Class A common stock. As of September 30, 2018 the Company issued 163,137 shares of its Class A common stock in connection with acquisitions occurring during the period. The Company filed a prospectus supplement to the shelf registration statement relating to the offer and resale of such shares of Class A common stock.

Divestiture of Assets

Divestiture of Assets	9 Months Ended
	Sep. 30, 2018
Assets Of Disposal Group Including Discontinued Operation [Abstract]
Divestiture of Assets	16. Divestiture of Assets On April 16, 2018 the Company sold its assets in Puerto Rico for $3,000 in cash and non-cash consideration consisting of a note receivable for $9,500 due April 2024. The Company recorded a loss on the sale of $7,533 for the nine months ended September 30, 2018.

Summarized Financial Informatio

Summarized Financial Information of Subsidiaries	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 6,180 $ 342,780 $ 16,438 $ — $ 365,398 Net property, plant and equipment — 1,187,773 5,540 — 1,193,313 Intangibles and goodwill, net — 2,480,597 19,844 — 2,500,441 Other assets 3,674,150 11,407 9,498 (3,646,372 ) 48,683 Total assets $ 3,680,330 $ 4,022,557 $ 51,320 $ (3,646,372 ) $ 4,107,835 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 26,694 $ 34 $ — $ — $ 26,728 Other current liabilities 22,050 183,809 18,812 — 224,671 Total current liabilities 48,744 183,843 18,812 — 251,399 Long-term debt 2,519,076 77 — — 2,519,153 Other noncurrent liabilities 27,751 223,199 29,529 (27,955 ) 252,524 Total liabilities 2,595,571 407,119 48,341 (27,955 ) 3,023,076 Stockholders’ equity 1,084,759 3,615,438 2,979 (3,618,417 ) 1,084,759 Total liabilities and stockholders’ equity $ 3,680,330 $ 4,022,557 $ 51,320 $ (3,646,372 ) $ 4,107,835 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, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 87,167 $ 293,536 $ 39,316 $ — $ 420,019 Net property, plant and equipment — 1,193,705 20,433 — 1,214,138 Intangibles and goodwill, net — 2,495,370 30,812 — 2,526,182 Other assets 3,707,352 10,571 7 (3,680,327 ) 37,603 Total assets $ 3,794,519 $ 3,993,182 $ 90,568 $ (3,680,327 ) $ 4,197,942 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 17,664 $ — $ — $ — $ 17,664 Other current liabilities 120,500 164,393 19,429 — 304,322 Total current liabilities 138,164 164,393 19,429 — 321,986 Long-term debt 2,539,026 — — — 2,539,026 Other noncurrent liabilities 26,231 218,900 61,587 (60,886 ) 245,832 Total liabilities 2,703,421 383,293 81,016 (60,886 ) 3,106,844 Stockholders’ equity 1,091,098 3,609,889 9,552 (3,619,441 ) 1,091,098 Total liabilities and stockholders’ equity $ 3,794,519 $ 3,993,182 $ 90,568 $ (3,680,327 ) $ 4,197,942 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 September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 407,656 $ 11,659 $ (817 ) $ 418,498 Operating expenses Direct advertising expenses (1) — 134,863 6,522 (686 ) 140,699 General and administrative expenses (1) — 71,046 2,120 — 73,166 Corporate expenses (1) — 20,252 415 — 20,667 Depreciation and amortization — 53,956 1,133 — 55,089 Loss (gain) on disposition of assets — 559 (152 ) — 407 — 280,676 10,038 (686 ) 290,028 Operating income (loss) — 126,980 1,621 (131 ) 128,470 Equity in (earnings) loss of subsidiaries (126,015 ) — — 126,015 — Other expenses (income) 31,850 (8 ) (18 ) (131 ) 31,693 Income (loss) before income tax expense 94,165 126,988 1,639 (126,015 ) 96,777 Income tax expense (2) — 2,167 445 — 2,612 Net income (loss) $ 94,165 $ 124,821 $ 1,194 $ (126,015 ) $ 94,165 Statement of Comprehensive Income Net income (loss) $ 94,165 $ 124,821 $ 1,194 $ (126,015 ) $ 94,165 Total other comprehensive income, net of tax — — 221 — 221 Total comprehensive income (loss) $ 94,165 $ 124,821 $ 1,415 $ (126,015 ) $ 94,386 (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 September 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 387,095 $ 13,303 $ (1,053 ) $ 399,345 Operating expenses Direct advertising expenses (1) — 128,175 7,408 (606 ) 134,977 General and administrative expenses (1) — 66,467 2,033 — 68,500 Corporate expenses (1) — 14,705 277 — 14,982 Depreciation and amortization — 49,475 2,321 — 51,796 (Gain) loss on disposition of assets — (2,737 ) 3 — (2,734 ) — 256,085 12,042 (606 ) 267,521 Operating income (loss) — 131,010 1,261 (447 ) 131,824 Equity in (earnings) loss of subsidiaries (128,500 ) — — 128,500 — Other expenses (income) 32,063 (2 ) 448 (447 ) 32,062 Income (loss) before income tax expense 96,437 131,012 813 (128,500 ) 99,762 Income tax expense (2) — 2,659 666 — 3,325 Net income (loss) $ 96,437 $ 128,353 $ 147 $ (128,500 ) $ 96,437 Statement of Comprehensive Income Net income (loss) $ 96,437 $ 128,353 $ 147 $ (128,500 ) $ 96,437 Total other comprehensive income, net of tax — — 1,216 — 1,216 Total comprehensive income (loss) $ 96,437 $ 128,353 $ 1,363 $ (128,500 ) $ 97,653 (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 Nine Months Ended September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 1,164,039 $ 37,880 $ (2,595 ) $ 1,199,324 Operating expenses Direct advertising expenses (1) — 400,703 21,042 (1,969 ) 419,776 General and administrative expenses (1) — 206,522 6,538 — 213,060 Corporate expenses (1) — 60,468 1,255 — 61,723 Depreciation and amortization — 162,536 4,715 — 167,251 (Gain) loss on disposition of assets — (268 ) 7,533 — 7,265 — 829,961 41,083 (1,969 ) 869,075 Operating income (loss) — 334,078 (3,203 ) (626 ) 330,249 Equity in (earnings) loss of subsidiaries (322,592 ) — — 322,592 — Interest expense (income), net 97,320 (18 ) 332 (626 ) 97,008 Other expenses (income) 15,429 — — — 15,429 Income (loss) before income tax expense 209,843 334,096 (3,535 ) (322,592 ) 217,812 Income tax expense (2) — 5,708 2,261 — 7,969 Net income (loss) $ 209,843 $ 328,388 $ (5,796 ) $ (322,592 ) $ 209,843 Statement of Comprehensive Income Net income (loss) $ 209,843 $ 328,388 $ (5,796 ) $ (322,592 ) $ 209,843 Total other comprehensive loss, net of tax — — (599 ) — (599 ) Total comprehensive income (loss) $ 209,843 $ 328,388 $ (6,395 ) $ (322,592 ) $ 209,244 (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 Nine Months Ended September 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 1,107,583 $ 38,191 $ (2,989 ) $ 1,142,785 Operating expenses Direct advertising expenses (1) — 381,317 22,330 (1,751 ) 401,896 General and administrative expenses (1) — 199,979 6,473 — 206,452 Corporate expenses (1) — 47,320 834 — 48,154 Depreciation and amortization — 148,357 6,646 — 155,003 (Gain) loss on disposition of assets — (4,377 ) — — (4,377 ) — 772,596 36,283 (1,751 ) 807,128 Operating income (loss) — 334,987 1,908 (1,238 ) 335,657 Equity in (earnings) loss of subsidiaries (326,401 ) — — 326,401 — Interest expense (income), net 95,521 (5 ) 1,242 (1,238 ) 95,520 Other expenses (income) 71 — — — 71 Income (loss) before income tax expense 230,809 334,992 666 (326,401 ) 240,066 Income tax expense (2) — 7,528 1,729 — 9,257 Net income (loss) $ 230,809 $ 327,464 $ (1,063 ) $ (326,401 ) $ 230,809 Statement of Comprehensive Income Net income (loss) $ 230,809 $ 327,464 $ (1,063 ) $ (326,401 ) $ 230,809 Total other comprehensive income, net of tax — — 2,104 — 2,104 Total comprehensive income (loss) $ 230,809 $ 327,464 $ 1,041 $ (326,401 ) $ 232,913 (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 Nine Months Ended September 30, 2018 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 $ 273,307 $ 445,984 $ 7,259 $ (383,263 ) $ 343,287 Cash flows from investing activities: Acquisitions — (48,141 ) — — (48,141 ) Capital expenditures — (78,944 ) (3,230 ) — (82,174 ) Proceeds from disposition of assets and investments — 2,952 2,808 — 5,760 Proceeds received from insurance claims — — 4,222 — 4,222 Investment in subsidiaries (60,424 ) — — 60,424 — Decrease (increase) in intercompany notes receivable 32,849 — — (32,849 ) — Decrease in notes receivable 7 — — — 7 Net cash (used in) provided by investing activities (27,568 ) (124,133 ) 3,800 27,575 (120,326 ) Cash flows from financing activities: Principal payments on long-term debt (20,097 ) (22 ) — — (20,119 ) Payment on revolving credit facility (368,000 ) — — — (368,000 ) Proceeds received from revolving credit facility 275,000 — — — 275,000 Redemption of senior subordinated notes (509,790 ) — — — (509,790 ) Proceeds received from senior credit facility term loans 599,250 — — — 599,250 Debt issuance costs (6,374 ) — — — (6,374 ) Intercompany loan (payments) proceeds — — (32,849 ) 32,849 — Distributions to non-controlling interest — — (388 ) — (388 ) Contributions from (to) parent 58,427 60,424 — (60,424 ) 58,427 Dividends (to) from parent (355,147 ) (383,263 ) — 383,263 (355,147 ) Net cash (used in) provided by financing activities (326,731 ) (322,861 ) (33,237 ) 355,688 (327,141 ) Effect of exchange rate changes in cash and cash equivalents — — (682 ) — (682 ) Net (decrease) increase in cash and cash equivalents (80,992 ) (1,010 ) (22,860 ) — (104,862 ) Cash and cash equivalents at beginning of period 86,546 1,625 26,800 — 114,971 Cash and cash equivalents at end of period $ 5,554 $ 615 $ 3,940 $ — $ 10,109 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 Nine Months Ended September 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 $ 227,195 $ 398,200 $ 5,472 $ (332,265 ) $ 298,602 Cash flows from investing activities: Acquisitions — (119,936 ) — — (119,936 ) Capital expenditures — (69,665 ) (4,781 ) — (74,446 ) Proceeds from disposition of assets and investments — 3,340 — — 3,340 Investment in subsidiaries (119,936 ) — — 119,936 — (Increase) decrease in intercompany notes receivable (2,713 ) — — 2,713 — Decrease in notes receivable 13 — — — 13 Net cash (used in) provided by investing activities (122,636 ) (186,261 ) (4,781 ) 122,649 (191,029 ) Cash flows from financing activities: Principal payments on long-term debt (11,250 ) — — — (11,250 ) Payment on revolving credit facility (407,000 ) — — — (407,000 ) Proceeds received from revolving credit facility 317,000 — — — 317,000 Payment on senior credit facility (247,500 ) — — — (247,500 ) Proceeds received from senior credit facility 450,000 — — — 450,000 Debt issuance costs (4,941 ) — — — (4,941 ) Intercompany loan proceeds (payments) — — 2,713 (2,713 ) — Distributions to non-controlling interest — — (415 ) — (415 ) Contributions from (to) parent 41,580 119,936 — (119,936 ) 41,580 Dividends (to) from parent (252,925 ) (332,265 ) — 332,265 (252,925 ) Net cash (used in) provided by financing activities (115,036 ) (212,329 ) 2,298 209,616 (115,451 ) Effect of exchange rate changes in cash and cash equivalents — — 1,767 — 1,767 Net (decrease) increase in cash and cash equivalents (10,477 ) (390 ) 4,756 — (6,111 ) Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 2,285 $ 811 $ 25,823 $ — $ 28,919

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Disaggregation Revenue	The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the three and nine months ended September 30, 2018 and September 30, 2017. Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Billboard Advertising $ 364,604 $ 346,264 $ 1,042,774 $ 995,875 Logo Advertising 20,796 21,107 62,803 62,194 Transit Advertising 33,098 31,974 93,747 84,716 Net Revenues $ 418,498 $ 399,345 $ 1,199,324 $ 1,142,785

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
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 nine months ended September 30, 2018: Shares Available for future purchases, January 1, 2018 225,418 Additional shares reserved under 2009 ESPP 83,838 Purchases (97,257 ) Available for future purchases, September 30, 2018 211,999

Depreciation and Amortization (

Depreciation and Amortization (Tables)	9 Months Ended
	Sep. 30, 2018
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 September 30, Nine months ended September 30, 2018 2017 2018 2017 Direct advertising expenses $ 51,360 $ 47,168 $ 155,832 $ 144,171 General and administrative expenses 927 955 2,935 2,857 Corporate expenses 2,802 3,673 8,484 7,975 $ 55,089 $ 51,796 $ 167,251 $ 155,003

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	The following is a summary of intangible assets at September 30, 2018 and December 31, 2017: Estimated September 30, 2018 December 31, 2017 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7—10 $ 582,156 $ 510,291 $ 586,055 $ 505,778 Non-competition agreements 3—15 65,752 64,062 65,477 63,924 Site locations 15 2,091,912 1,404,915 2,072,059 1,372,954 Other 2—15 45,898 32,791 45,741 30,328 $ 2,785,718 $ 2,012,059 $ 2,769,332 $ 1,972,984 Unamortizable intangible assets: Goodwill $ 1,990,937 $ 253,536 $ 1,993,990 $ 253,536

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2017 $ 215,089 Additions to asset retirement obligations 793 Accretion expense 3,332 Liabilities settled (3,164 ) Balance at September 30, 2018 $ 216,050

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following at September 30, 2018 and December 31, 2017: September 30, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,123,187 $ 12,207 $ 1,110,980 5% Senior Subordinated Notes 535,000 4,314 530,686 5 3/8% Senior Notes 510,000 4,446 505,554 5 3/4% Senior Notes 400,000 4,887 395,113 Other notes with various rates and terms 3,548 — 3,548 2,571,735 25,854 2,545,881 Less current maturities (31,548 ) (4,820 ) (26,728 ) Long-term debt, excluding current maturities $ 2,540,187 $ 21,034 $ 2,519,153 December 31, 2017 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 636,750 $ 7,689 $ 629,061 5 7/8% Senior Subordinated Notes 500,000 5,850 494,150 5% Senior Subordinated Notes 535,000 4,927 530,073 5 3/8% Senior Notes 510,000 4,982 505,018 5 3/4% Senior Notes 400,000 5,271 394,729 Other notes with various rates and terms 3,659 — 3,659 2,585,409 28,719 2,556,690 Less current maturities (22,797 ) (5,133 ) (17,664 ) Long-term debt, excluding current maturities $ 2,562,612 $ 23,586 $ 2,539,026
Schedule of Maturities of Long Term Debt	The Term A loans mature on May 15, 2022 and the Term B loans mature on March 16, 2025. The remaining quarterly installments are scheduled to be paid on each December 31, March 31, June 30 and September 30 as follows: Principal Payment Date Term A Term B December 31, 2018-June 30, 2019 $ 5,625 $ 1,500 September 30, 2019-June 30, 2020 $ 8,438 $ 1,500 September 30, 2020-March 31, 2022 $ 16,875 $ 1,500 Term A Loan Maturity May 15, 2022 $ 253,125 $ — June 30, 2022-December 31, 2024 $ — $ 1,500 Term B Loan Maturity March 16, 2025 $ — $ 559,500

Summarized Financial Informat_2

Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 6,180 $ 342,780 $ 16,438 $ — $ 365,398 Net property, plant and equipment — 1,187,773 5,540 — 1,193,313 Intangibles and goodwill, net — 2,480,597 19,844 — 2,500,441 Other assets 3,674,150 11,407 9,498 (3,646,372 ) 48,683 Total assets $ 3,680,330 $ 4,022,557 $ 51,320 $ (3,646,372 ) $ 4,107,835 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 26,694 $ 34 $ — $ — $ 26,728 Other current liabilities 22,050 183,809 18,812 — 224,671 Total current liabilities 48,744 183,843 18,812 — 251,399 Long-term debt 2,519,076 77 — — 2,519,153 Other noncurrent liabilities 27,751 223,199 29,529 (27,955 ) 252,524 Total liabilities 2,595,571 407,119 48,341 (27,955 ) 3,023,076 Stockholders’ equity 1,084,759 3,615,438 2,979 (3,618,417 ) 1,084,759 Total liabilities and stockholders’ equity $ 3,680,330 $ 4,022,557 $ 51,320 $ (3,646,372 ) $ 4,107,835 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, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 87,167 $ 293,536 $ 39,316 $ — $ 420,019 Net property, plant and equipment — 1,193,705 20,433 — 1,214,138 Intangibles and goodwill, net — 2,495,370 30,812 — 2,526,182 Other assets 3,707,352 10,571 7 (3,680,327 ) 37,603 Total assets $ 3,794,519 $ 3,993,182 $ 90,568 $ (3,680,327 ) $ 4,197,942 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 17,664 $ — $ — $ — $ 17,664 Other current liabilities 120,500 164,393 19,429 — 304,322 Total current liabilities 138,164 164,393 19,429 — 321,986 Long-term debt 2,539,026 — — — 2,539,026 Other noncurrent liabilities 26,231 218,900 61,587 (60,886 ) 245,832 Total liabilities 2,703,421 383,293 81,016 (60,886 ) 3,106,844 Stockholders’ equity 1,091,098 3,609,889 9,552 (3,619,441 ) 1,091,098 Total liabilities and stockholders’ equity $ 3,794,519 $ 3,993,182 $ 90,568 $ (3,680,327 ) $ 4,197,942
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 September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 407,656 $ 11,659 $ (817 ) $ 418,498 Operating expenses Direct advertising expenses (1) — 134,863 6,522 (686 ) 140,699 General and administrative expenses (1) — 71,046 2,120 — 73,166 Corporate expenses (1) — 20,252 415 — 20,667 Depreciation and amortization — 53,956 1,133 — 55,089 Loss (gain) on disposition of assets — 559 (152 ) — 407 — 280,676 10,038 (686 ) 290,028 Operating income (loss) — 126,980 1,621 (131 ) 128,470 Equity in (earnings) loss of subsidiaries (126,015 ) — — 126,015 — Other expenses (income) 31,850 (8 ) (18 ) (131 ) 31,693 Income (loss) before income tax expense 94,165 126,988 1,639 (126,015 ) 96,777 Income tax expense (2) — 2,167 445 — 2,612 Net income (loss) $ 94,165 $ 124,821 $ 1,194 $ (126,015 ) $ 94,165 Statement of Comprehensive Income Net income (loss) $ 94,165 $ 124,821 $ 1,194 $ (126,015 ) $ 94,165 Total other comprehensive income, net of tax — — 221 — 221 Total comprehensive income (loss) $ 94,165 $ 124,821 $ 1,415 $ (126,015 ) $ 94,386 (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 September 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 387,095 $ 13,303 $ (1,053 ) $ 399,345 Operating expenses Direct advertising expenses (1) — 128,175 7,408 (606 ) 134,977 General and administrative expenses (1) — 66,467 2,033 — 68,500 Corporate expenses (1) — 14,705 277 — 14,982 Depreciation and amortization — 49,475 2,321 — 51,796 (Gain) loss on disposition of assets — (2,737 ) 3 — (2,734 ) — 256,085 12,042 (606 ) 267,521 Operating income (loss) — 131,010 1,261 (447 ) 131,824 Equity in (earnings) loss of subsidiaries (128,500 ) — — 128,500 — Other expenses (income) 32,063 (2 ) 448 (447 ) 32,062 Income (loss) before income tax expense 96,437 131,012 813 (128,500 ) 99,762 Income tax expense (2) — 2,659 666 — 3,325 Net income (loss) $ 96,437 $ 128,353 $ 147 $ (128,500 ) $ 96,437 Statement of Comprehensive Income Net income (loss) $ 96,437 $ 128,353 $ 147 $ (128,500 ) $ 96,437 Total other comprehensive income, net of tax — — 1,216 — 1,216 Total comprehensive income (loss) $ 96,437 $ 128,353 $ 1,363 $ (128,500 ) $ 97,653 (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 Nine Months Ended September 30, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 1,164,039 $ 37,880 $ (2,595 ) $ 1,199,324 Operating expenses Direct advertising expenses (1) — 400,703 21,042 (1,969 ) 419,776 General and administrative expenses (1) — 206,522 6,538 — 213,060 Corporate expenses (1) — 60,468 1,255 — 61,723 Depreciation and amortization — 162,536 4,715 — 167,251 (Gain) loss on disposition of assets — (268 ) 7,533 — 7,265 — 829,961 41,083 (1,969 ) 869,075 Operating income (loss) — 334,078 (3,203 ) (626 ) 330,249 Equity in (earnings) loss of subsidiaries (322,592 ) — — 322,592 — Interest expense (income), net 97,320 (18 ) 332 (626 ) 97,008 Other expenses (income) 15,429 — — — 15,429 Income (loss) before income tax expense 209,843 334,096 (3,535 ) (322,592 ) 217,812 Income tax expense (2) — 5,708 2,261 — 7,969 Net income (loss) $ 209,843 $ 328,388 $ (5,796 ) $ (322,592 ) $ 209,843 Statement of Comprehensive Income Net income (loss) $ 209,843 $ 328,388 $ (5,796 ) $ (322,592 ) $ 209,843 Total other comprehensive loss, net of tax — — (599 ) — (599 ) Total comprehensive income (loss) $ 209,843 $ 328,388 $ (6,395 ) $ (322,592 ) $ 209,244 (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 Nine Months Ended September 30, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 1,107,583 $ 38,191 $ (2,989 ) $ 1,142,785 Operating expenses Direct advertising expenses (1) — 381,317 22,330 (1,751 ) 401,896 General and administrative expenses (1) — 199,979 6,473 — 206,452 Corporate expenses (1) — 47,320 834 — 48,154 Depreciation and amortization — 148,357 6,646 — 155,003 (Gain) loss on disposition of assets — (4,377 ) — — (4,377 ) — 772,596 36,283 (1,751 ) 807,128 Operating income (loss) — 334,987 1,908 (1,238 ) 335,657 Equity in (earnings) loss of subsidiaries (326,401 ) — — 326,401 — Interest expense (income), net 95,521 (5 ) 1,242 (1,238 ) 95,520 Other expenses (income) 71 — — — 71 Income (loss) before income tax expense 230,809 334,992 666 (326,401 ) 240,066 Income tax expense (2) — 7,528 1,729 — 9,257 Net income (loss) $ 230,809 $ 327,464 $ (1,063 ) $ (326,401 ) $ 230,809 Statement of Comprehensive Income Net income (loss) $ 230,809 $ 327,464 $ (1,063 ) $ (326,401 ) $ 230,809 Total other comprehensive income, net of tax — — 2,104 — 2,104 Total comprehensive income (loss) $ 230,809 $ 327,464 $ 1,041 $ (326,401 ) $ 232,913 (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 Nine Months Ended September 30, 2018 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 $ 273,307 $ 445,984 $ 7,259 $ (383,263 ) $ 343,287 Cash flows from investing activities: Acquisitions — (48,141 ) — — (48,141 ) Capital expenditures — (78,944 ) (3,230 ) — (82,174 ) Proceeds from disposition of assets and investments — 2,952 2,808 — 5,760 Proceeds received from insurance claims — — 4,222 — 4,222 Investment in subsidiaries (60,424 ) — — 60,424 — Decrease (increase) in intercompany notes receivable 32,849 — — (32,849 ) — Decrease in notes receivable 7 — — — 7 Net cash (used in) provided by investing activities (27,568 ) (124,133 ) 3,800 27,575 (120,326 ) Cash flows from financing activities: Principal payments on long-term debt (20,097 ) (22 ) — — (20,119 ) Payment on revolving credit facility (368,000 ) — — — (368,000 ) Proceeds received from revolving credit facility 275,000 — — — 275,000 Redemption of senior subordinated notes (509,790 ) — — — (509,790 ) Proceeds received from senior credit facility term loans 599,250 — — — 599,250 Debt issuance costs (6,374 ) — — — (6,374 ) Intercompany loan (payments) proceeds — — (32,849 ) 32,849 — Distributions to non-controlling interest — — (388 ) — (388 ) Contributions from (to) parent 58,427 60,424 — (60,424 ) 58,427 Dividends (to) from parent (355,147 ) (383,263 ) — 383,263 (355,147 ) Net cash (used in) provided by financing activities (326,731 ) (322,861 ) (33,237 ) 355,688 (327,141 ) Effect of exchange rate changes in cash and cash equivalents — — (682 ) — (682 ) Net (decrease) increase in cash and cash equivalents (80,992 ) (1,010 ) (22,860 ) — (104,862 ) Cash and cash equivalents at beginning of period 86,546 1,625 26,800 — 114,971 Cash and cash equivalents at end of period $ 5,554 $ 615 $ 3,940 $ — $ 10,109 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 Nine Months Ended September 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 $ 227,195 $ 398,200 $ 5,472 $ (332,265 ) $ 298,602 Cash flows from investing activities: Acquisitions — (119,936 ) — — (119,936 ) Capital expenditures — (69,665 ) (4,781 ) — (74,446 ) Proceeds from disposition of assets and investments — 3,340 — — 3,340 Investment in subsidiaries (119,936 ) — — 119,936 — (Increase) decrease in intercompany notes receivable (2,713 ) — — 2,713 — Decrease in notes receivable 13 — — — 13 Net cash (used in) provided by investing activities (122,636 ) (186,261 ) (4,781 ) 122,649 (191,029 ) Cash flows from financing activities: Principal payments on long-term debt (11,250 ) — — — (11,250 ) Payment on revolving credit facility (407,000 ) — — — (407,000 ) Proceeds received from revolving credit facility 317,000 — — — 317,000 Payment on senior credit facility (247,500 ) — — — (247,500 ) Proceeds received from senior credit facility 450,000 — — — 450,000 Debt issuance costs (4,941 ) — — — (4,941 ) Intercompany loan proceeds (payments) — — 2,713 (2,713 ) — Distributions to non-controlling interest — — (415 ) — (415 ) Contributions from (to) parent 41,580 119,936 — (119,936 ) 41,580 Dividends (to) from parent (252,925 ) (332,265 ) — 332,265 (252,925 ) Net cash (used in) provided by financing activities (115,036 ) (212,329 ) 2,298 209,616 (115,451 ) Effect of exchange rate changes in cash and cash equivalents — — 1,767 — 1,767 Net (decrease) increase in cash and cash equivalents (10,477 ) (390 ) 4,756 — (6,111 ) Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 2,285 $ 811 $ 25,823 $ — $ 28,919

Revenues - Disaggregation Reven

Revenues - Disaggregation Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 418,498	$ 399,345	$ 1,199,324	$ 1,142,785
Billboard Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net Revenues	364,604	346,264	1,042,774	995,875
Logo Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net Revenues	20,796	21,107	62,803	62,194
Transit Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 33,098	$ 31,974	$ 93,747	$ 84,716

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
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	86,000
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	987,815
Compensation expense related to performance based compensation agreements	$ 19,642
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	$ 326
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	211,999	225,418
Additional shares reserved under 2009 ESPP	83,838

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of ESPP Share Activity (Detail) - 2009 Employee Stock Purchase Plan [Member]	9 Months Ended
	Sep. 30, 2018shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2018	225,418
Additional shares reserved under 2009 ESPP	83,838
Purchases	(97,257)
Available for future purchases, September 30, 2018	211,999

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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 55,089	$ 51,796	$ 167,251	$ 155,003
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	51,360	47,168	155,832	144,171
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	927	955	2,935	2,857
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 2,802	$ 3,673	$ 8,484	$ 7,975

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,785,718	$ 2,769,332
Accumulated Amortization	2,012,059	1,972,984
Goodwill gross carrying amount	1,990,937	1,993,990
Goodwill accumulated amortization	253,536	253,536
Customer Lists and Contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	582,156	586,055
Accumulated Amortization	$ 510,291	505,778
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	$ 65,752	65,477
Accumulated Amortization	$ 64,062	63,924
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	$ 2,091,912	2,072,059
Accumulated Amortization	$ 1,404,915	1,372,954
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	$ 45,898	45,741
Accumulated Amortization	$ 32,791	$ 30,328
Other [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 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	9 Months Ended
	Sep. 30, 2018USD ($)
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 215,089
Additions to asset retirement obligations	793
Accretion expense	3,332
Liabilities settled	(3,164)
Ending Balance	$ 216,050

Distribution Restrictions - Add

Distribution Restrictions - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 3,065,217	$ 2,975,593
Description of provisions on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	(i) the total debt ratio is less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.5 to 1.
Debt ratio	6.5
Debt ratio related to actual position on senior credit facility	6.5
Available cumulative credit	$ 1,815,696
Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3.5
LAMAR MEDIA CORP [Member] | Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3.5

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
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	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Debt	$ 2,571,735	$ 2,585,409
Debt, Less current maturities	(31,548)	(22,797)
Debt, excluding current maturities	2,540,187	2,562,612
Deferred financing costs	25,854	28,719
Deferred financing costs, Less current maturities	(4,820)	(5,133)
Deferred financing costs, excluding current maturities	21,034	23,586
Debt, net of deferred financing costs	2,545,881	2,556,690
Debt, net of deferred financing costs, Less current maturities	(26,728)	(17,664)
Debt, net of deferred financing costs, excluding current maturities	2,519,153	2,539,026
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	1,123,187	636,750
Deferred financing costs	12,207	7,689
Debt, net of deferred financing costs	1,110,980	629,061
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt		500,000
Deferred financing costs		5,850
Debt, net of deferred financing costs		494,150
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	4,314	4,927
Debt, net of deferred financing costs	530,686	530,073
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	4,446	4,982
Debt, net of deferred financing costs	505,554	505,018
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000	400,000
Deferred financing costs	4,887	5,271
Debt, net of deferred financing costs	395,113	394,729
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	3,548	3,659
Debt, net of deferred financing costs	$ 3,548	$ 3,659

Long-term Debt - Long-Term De_2

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Sep. 30, 2018	Dec. 31, 2017	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% 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)	Mar. 19, 2018	Mar. 16, 2018USD ($)	May 15, 2017USD ($)	Jan. 28, 2016USD ($)	Jan. 10, 2014USD ($)	Oct. 30, 2012USD ($)	Feb. 09, 2012USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017
Debt Instrument [Line Items]
Proceeds received from term A loans								$ 599,250,000	$ 450,000,000
Outstanding revolving credit facility								105,000,000
Remaining borrowing capacity under revolving credit facility								332,047,000
Loss on debt extinguishment								15,429,000	71,000
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Redemption price, percentage of loan	101.958%
Interest rate on convertible notes							5.875%			5.875%
Aggregate principal amount of debt issued							$ 500,000,000
Net proceeds from the issuance of debt							$ 489,000,000
Loss on debt extinguishment								15,429,000
Loss on debt extinguishment on cash								$ 9,790,000
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%
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 price, percentage of loan				105.75%
Redemption percentage of aggregate principal amount of senior notes				35.00%
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]
Redemption price, percentage of loan				100.00%
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance								$ 12,953,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Proceeds received from term A loans								599,250,000	450,000,000
Loss on debt extinguishment								$ 15,429,000	$ 71,000
Term B Loan Facility [Member]
Debt Instrument [Line Items]
Amended and restated date		Mar. 16, 2018
Maximum borrowing limit of incremental loan facility		$ 600,000,000
Debt instrument maturity date		Mar. 16, 2025
Credit agreement frequency of payment and payment terms		The Term B loan began amortizing on June 30, 2018 in equal quarterly installments of $1,500 with the remainder payable at maturity
Quarterly installments, amount		$ 1,500,000
Redemption price, percentage of loan		5.875%
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 term A 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 Three 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 Three Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate		0.50%
Term Loans [Member]
Debt Instrument [Line Items]
Debt instrument maturity date			May 15, 2022
Revolving Credit Facility [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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		2.25%
Ratio of indebtedness to net capital one		4.25
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		2.00%
Revolving Credit Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Three Point Zero Zero [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.75%
Ratio of indebtedness to net capital one		3
Ratio of indebtedness to net capital minimum		1
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.25%
Ratio of indebtedness to net capital one		4.25
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		1.00%
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Three Point Zero Zero [Member]
Debt Instrument [Line Items]
Adjusted Rate		0.75%
Ratio of indebtedness to net capital one		3
Ratio of indebtedness to net capital minimum		1

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
December 31, 2018-June 30, 2019 [Member] | Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 5,625
December 31, 2018-June 30, 2019 [Member] | Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
September 30, 2019-June 30, 2020 [Member] | Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	8,438
September 30, 2019-June 30, 2020 [Member] | Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
September 30, 2020-March 31, 2022 [Member] | Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	16,875
September 30, 2020-March 31, 2022 [Member] | Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
Term A Loan Maturity May 15, 2022 [Member] | Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	253,125
June 30, 2022-December 31, 2024 [Member] | Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
Term B Loan Maturity March 16, 2025 [Member] | Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 559,500

Long-term Debt - Schedule of _2

Long-term Debt - Schedule of Maturities of Long Term Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2018
December 31, 2018-June 30, 2019 [Member]
Debt Instrument [Line Items]
Principal payment date	December 31, 2018-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
June 30, 2022-December 31, 2024 [Member]
Debt Instrument [Line Items]
Principal payment date	June 30, 2022-December 31, 2024

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 2,616,346
Carrying amount of company's long term debt	$ 2,571,735	$ 2,585,409

Dividends_Distributions - Addit

Dividends/Distributions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Dividends [Line Items]
Dividends declared	$ 90,177	$ 81,408		$ 243,928	$ 81,534
Dividends declared, per share	$ 0.91	$ 0.83	$ 2.73	$ 2.49	$ 0.83
Distributions paid, preferred stockholders	$ 91	$ 91	$ 364	$ 273
Distributions paid, preferred stockholders, per share	$ 15.95	$ 15.95	$ 63.80	$ 47.85
Taxable Income Distribution [Member]
Dividends [Line Items]
Distributions paid			$ 351,036
Distributions paid, per share			$ 3.56

Information about Geographic _2

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 2,882		$ 3,571
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 25,659	$ 24,335

Non-cash Financing and Invest_2

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash financing activities	$ 0	$ 0
Non-cash investing activities		$ 0
Common Class A [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Issuance of shares related to acquisition	163,137
Issuance of shares related to acquisition, value	$ 12,282,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - Common Class A [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2018	May 01, 2018	Dec. 31, 2017
Class Of Stock [Line Items]
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Issuance of shares related to acquisition	163,137
Equity Distribution Agreement [Member]
Class Of Stock [Line Items]
Common stock, shares sold	213,276
Common stock, shares available to be sold	$ 384,929
Maximum [Member]
Class Of Stock [Line Items]
Aggregate offering price of common stock issuable		$ 400,000

Divestiture of Assets - Additio

Divestiture of Assets - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 16, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Divestiture Of Assets [Line Items]
Loss (gain) on disposition of assets		$ 407	$ (2,734)	$ 7,265	$ (4,377)
Puerto Rico [Member]
Divestiture Of Assets [Line Items]
Non-cash consideration consisting of note receivable	$ 9,500
Cash on sale of assets	$ 3,000
Loss (gain) on disposition of assets				$ 7,533

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Total current assets	$ 365,898	$ 420,519
Net property, plant and equipment	1,193,313	1,214,138
Other assets	54,349	42,886
Total assets	4,124,620	4,214,345
Current liabilities:
Current maturities of long-term debt	26,728	17,664
Total current liabilities	255,984	325,994
Long-term debt, net of deferred financing costs	2,519,153	2,539,026
Total liabilities	3,027,661	3,110,852
Stockholders’ equity	1,096,959	1,103,493
Total liabilities and stockholders’ equity	4,124,620	4,214,345
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
ASSETS
Total current assets	365,398	420,019
Net property, plant and equipment	1,193,313	1,214,138
Intangibles and goodwill, net	2,500,441	2,526,182
Other assets	48,683	37,603
Total assets	4,107,835	4,197,942
Current liabilities:
Current maturities of long-term debt	26,728	17,664
Other current liabilities	224,671	304,322
Total current liabilities	251,399	321,986
Long-term debt, net of deferred financing costs	2,519,153	2,539,026
Other noncurrent liabilities	252,524	245,832
Total liabilities	3,023,076	3,106,844
Stockholders’ equity	1,084,759	1,091,098
Total liabilities and stockholders’ equity	4,107,835	4,197,942
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
ASSETS
Total current assets	6,180	87,167
Other assets	3,674,150	3,707,352
Total assets	3,680,330	3,794,519
Current liabilities:
Current maturities of long-term debt	26,694	17,664
Other current liabilities	22,050	120,500
Total current liabilities	48,744	138,164
Long-term debt, net of deferred financing costs	2,519,076	2,539,026
Other noncurrent liabilities	27,751	26,231
Total liabilities	2,595,571	2,703,421
Stockholders’ equity	1,084,759	1,091,098
Total liabilities and stockholders’ equity	3,680,330	3,794,519
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
ASSETS
Total current assets	342,780	293,536
Net property, plant and equipment	1,187,773	1,193,705
Intangibles and goodwill, net	2,480,597	2,495,370
Other assets	11,407	10,571
Total assets	4,022,557	3,993,182
Current liabilities:
Current maturities of long-term debt	34
Other current liabilities	183,809	164,393
Total current liabilities	183,843	164,393
Long-term debt, net of deferred financing costs	77
Other noncurrent liabilities	223,199	218,900
Total liabilities	407,119	383,293
Stockholders’ equity	3,615,438	3,609,889
Total liabilities and stockholders’ equity	4,022,557	3,993,182
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	16,438	39,316
Net property, plant and equipment	5,540	20,433
Intangibles and goodwill, net	19,844	30,812
Other assets	9,498	7
Total assets	51,320	90,568
Current liabilities:
Other current liabilities	18,812	19,429
Total current liabilities	18,812	19,429
Other noncurrent liabilities	29,529	61,587
Total liabilities	48,341	81,016
Stockholders’ equity	2,979	9,552
Total liabilities and stockholders’ equity	51,320	90,568
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
ASSETS
Other assets	(3,646,372)	(3,680,327)
Total assets	(3,646,372)	(3,680,327)
Current liabilities:
Other noncurrent liabilities	(27,955)	(60,886)
Total liabilities	(27,955)	(60,886)
Stockholders’ equity	(3,618,417)	(3,619,441)
Total liabilities and stockholders’ equity	$ (3,646,372)	$ (3,680,327)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net revenues	$ 418,498	$ 399,345	$ 1,199,324	$ 1,142,785
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Direct advertising expenses	$ 140,699	$ 134,977	$ 419,776	$ 401,896
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses	$ 73,166	$ 68,500	$ 213,060	$ 206,452
Corporate expenses	20,776	15,088	62,027	48,451
Depreciation and amortization	55,089	51,796	167,251	155,003
Loss (gain) on disposition of assets	407	(2,734)	7,265	(4,377)
Total Operating Expenses	290,137	267,627	869,379	807,425
Operating income	128,361	131,718	329,945	335,360
Income before income tax expense	96,668	99,656	217,508	239,769
Income tax expense	2,612	3,325	7,969	9,257
Net income	94,056	96,331	209,539	230,512
Statements of Comprehensive Income
Net income	94,056	96,331	209,539	230,512
Comprehensive income	94,277	97,547	208,940	232,616
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	$ 418,498	$ 399,345	$ 1,199,324	$ 1,142,785
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Direct advertising expenses	$ 140,699	$ 134,977	$ 419,776	$ 401,896
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses	$ 73,166	$ 68,500	$ 213,060	$ 206,452
Corporate expenses	20,667	14,982	61,723	48,154
Depreciation and amortization	55,089	51,796	167,251	155,003
Loss (gain) on disposition of assets	407	(2,734)	7,265	(4,377)
Total Operating Expenses	290,028	267,521	869,075	807,128
Operating income	128,470	131,824	330,249	335,657
Interest expense (income), net			97,008	95,520
Other expenses (income)	31,693	32,062	15,429	71
Income before income tax expense	96,777	99,762	217,812	240,066
Income tax expense	2,612	3,325	7,969	9,257
Net income	94,165	96,437	209,843	230,809
Statements of Comprehensive Income
Net income	94,165	96,437	209,843	230,809
Total other comprehensive income (loss), net of tax	221	1,216	(599)	2,104
Comprehensive income	$ 94,386	$ 97,653	$ 209,244	$ 232,913
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Equity in (earnings) loss of subsidiaries	$ (126,015)	$ (128,500)	$ (322,592)	$ (326,401)
Interest expense (income), net			97,320	95,521
Other expenses (income)	31,850	32,063	15,429	71
Income before income tax expense	94,165	96,437	209,843	230,809
Net income	94,165	96,437	209,843	230,809
Statements of Comprehensive Income
Net income	94,165	96,437	209,843	230,809
Comprehensive income	94,165	96,437	209,843	230,809
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net revenues	$ 407,656	$ 387,095	$ 1,164,039	$ 1,107,583
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Direct advertising expenses	$ 134,863	$ 128,175	$ 400,703	$ 381,317
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses	$ 71,046	$ 66,467	$ 206,522	$ 199,979
Corporate expenses	20,252	14,705	60,468	47,320
Depreciation and amortization	53,956	49,475	162,536	148,357
Loss (gain) on disposition of assets	559	(2,737)	(268)	(4,377)
Total Operating Expenses	280,676	256,085	829,961	772,596
Operating income	126,980	131,010	334,078	334,987
Interest expense (income), net			(18)	(5)
Other expenses (income)	(8)	(2)
Income before income tax expense	126,988	131,012	334,096	334,992
Income tax expense	2,167	2,659	5,708	7,528
Net income	124,821	128,353	328,388	327,464
Statements of Comprehensive Income
Net income	124,821	128,353	328,388	327,464
Comprehensive income	124,821	128,353	328,388	327,464
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net revenues	$ 11,659	$ 13,303	$ 37,880	$ 38,191
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Direct advertising expenses	$ 6,522	$ 7,408	$ 21,042	$ 22,330
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses	$ 2,120	$ 2,033	$ 6,538	$ 6,473
Corporate expenses	415	277	1,255	834
Depreciation and amortization	1,133	2,321	4,715	6,646
Loss (gain) on disposition of assets	(152)	3	7,533
Total Operating Expenses	10,038	12,042	41,083	36,283
Operating income	1,621	1,261	(3,203)	1,908
Interest expense (income), net			332	1,242
Other expenses (income)	(18)	448
Income before income tax expense	1,639	813	(3,535)	666
Income tax expense	445	666	2,261	1,729
Net income	1,194	147	(5,796)	(1,063)
Statements of Comprehensive Income
Net income	1,194	147	(5,796)	(1,063)
Total other comprehensive income (loss), net of tax	221	1,216	(599)	2,104
Comprehensive income	1,415	1,363	(6,395)	1,041
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Net revenues	$ (817)	$ (1,053)	$ (2,595)	$ (2,989)
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Direct advertising expenses	$ (686)	$ (606)	$ (1,969)	$ (1,751)
Type of Cost, Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Total Operating Expenses	$ (686)	$ (606)	$ (1,969)	$ (1,751)
Operating income	(131)	(447)	(626)	(1,238)
Equity in (earnings) loss of subsidiaries	126,015	128,500	322,592	326,401
Interest expense (income), net			(626)	(1,238)
Other expenses (income)	(131)	(447)
Income before income tax expense	(126,015)	(128,500)	(322,592)	(326,401)
Net income	(126,015)	(128,500)	(322,592)	(326,401)
Statements of Comprehensive Income
Net income	(126,015)	(128,500)	(322,592)	(326,401)
Comprehensive income	$ (126,015)	$ (128,500)	$ (322,592)	$ (326,401)

Condensed Consolidating State_2

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 370,089	$ 320,638
Cash flows from investing activities:
Acquisitions	(48,141)	(119,936)
Capital expenditures	(82,174)	(74,446)
Proceeds from disposition of assets and investments	5,760	3,340
Proceeds received from property insurance claims	4,222
Decrease in notes receivable	7	13
Net cash (used in) provided by investing activities	(120,326)	(191,029)
Cash flows from financing activities:
Principal payments on long-term debt	(20,119)	(11,250)
Payment on revolving credit facility	(368,000)	(407,000)
Proceeds received from revolving credit facility	275,000	317,000
Payment on senior credit facility term loans		(247,500)
Redemption of senior subordinated notes	(509,790)
Proceeds received from senior credit facility term loans	599,250	450,000
Debt issuance costs	(6,374)	(4,941)
Distributions to non-controlling interest	(388)	(415)
Net cash (used in) provided by financing activities	(353,943)	(137,487)
Effect of exchange rate changes in cash and cash equivalents	(682)	1,767
Net (decrease) increase in cash and cash equivalents	(104,862)	(6,111)
Cash and cash equivalents at beginning of period	115,471	35,530
Cash and cash equivalents at end of period	10,609	29,419
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	343,287	298,602
Cash flows from investing activities:
Acquisitions	(48,141)	(119,936)
Capital expenditures	(82,174)	(74,446)
Proceeds from disposition of assets and investments	5,760	3,340
Proceeds received from property insurance claims	4,222
Decrease in notes receivable	7	13
Net cash (used in) provided by investing activities	(120,326)	(191,029)
Cash flows from financing activities:
Principal payments on long-term debt	(20,119)	(11,250)
Payment on revolving credit facility	(368,000)	(407,000)
Proceeds received from revolving credit facility	275,000	317,000
Payment on senior credit facility term loans		(247,500)
Redemption of senior subordinated notes	(509,790)
Proceeds received from senior credit facility term loans	599,250	450,000
Debt issuance costs	(6,374)	(4,941)
Distributions to non-controlling interest	(388)	(415)
Contributions from (to) parent	58,427	41,580
Dividends (to) from parent	(355,147)	(252,925)
Net cash (used in) provided by financing activities	(327,141)	(115,451)
Effect of exchange rate changes in cash and cash equivalents	(682)	1,767
Net (decrease) increase in cash and cash equivalents	(104,862)	(6,111)
Cash and cash equivalents at beginning of period	114,971	35,030
Cash and cash equivalents at end of period	10,109	28,919
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	273,307	227,195
Cash flows from investing activities:
Investment in subsidiaries	(60,424)	(119,936)
Decrease (increase) in intercompany notes receivable	32,849	(2,713)
Decrease in notes receivable	7	13
Net cash (used in) provided by investing activities	(27,568)	(122,636)
Cash flows from financing activities:
Principal payments on long-term debt	(20,097)	(11,250)
Payment on revolving credit facility	(368,000)	(407,000)
Proceeds received from revolving credit facility	275,000	317,000
Payment on senior credit facility term loans		(247,500)
Redemption of senior subordinated notes	(509,790)
Proceeds received from senior credit facility term loans	599,250	450,000
Debt issuance costs	(6,374)	(4,941)
Contributions from (to) parent	58,427	41,580
Dividends (to) from parent	(355,147)	(252,925)
Net cash (used in) provided by financing activities	(326,731)	(115,036)
Net (decrease) increase in cash and cash equivalents	(80,992)	(10,477)
Cash and cash equivalents at beginning of period	86,546	12,762
Cash and cash equivalents at end of period	5,554	2,285
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	445,984	398,200
Cash flows from investing activities:
Acquisitions	(48,141)	(119,936)
Capital expenditures	(78,944)	(69,665)
Proceeds from disposition of assets and investments	2,952	3,340
Net cash (used in) provided by investing activities	(124,133)	(186,261)
Cash flows from financing activities:
Principal payments on long-term debt	(22)
Contributions from (to) parent	60,424	119,936
Dividends (to) from parent	(383,263)	(332,265)
Net cash (used in) provided by financing activities	(322,861)	(212,329)
Net (decrease) increase in cash and cash equivalents	(1,010)	(390)
Cash and cash equivalents at beginning of period	1,625	1,201
Cash and cash equivalents at end of period	615	811
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	7,259	5,472
Cash flows from investing activities:
Capital expenditures	(3,230)	(4,781)
Proceeds from disposition of assets and investments	2,808
Proceeds received from property insurance claims	4,222
Net cash (used in) provided by investing activities	3,800	(4,781)
Cash flows from financing activities:
Intercompany loan (payments) proceeds	(32,849)	2,713
Distributions to non-controlling interest	(388)	(415)
Net cash (used in) provided by financing activities	(33,237)	2,298
Effect of exchange rate changes in cash and cash equivalents	(682)	1,767
Net (decrease) increase in cash and cash equivalents	(22,860)	4,756
Cash and cash equivalents at beginning of period	26,800	21,067
Cash and cash equivalents at end of period	3,940	25,823
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(383,263)	(332,265)
Cash flows from investing activities:
Investment in subsidiaries	60,424	119,936
Decrease (increase) in intercompany notes receivable	(32,849)	2,713
Net cash (used in) provided by investing activities	27,575	122,649
Cash flows from financing activities:
Intercompany loan (payments) proceeds	32,849	(2,713)
Contributions from (to) parent	(60,424)	(119,936)
Dividends (to) from parent	383,263	332,265
Net cash (used in) provided by financing activities	$ 355,688	$ 209,616