Lamar Advertising (LAMR) 10-K 20 Feb 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 01, 2020	Jun. 28, 2019
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	LAMR
Entity Registrant Name	LAMAR ADVERTISING CO/NEW
Entity Central Index Key	0001090425
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 6,880,025,403
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	1-36756
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	72-1449411
Entity Address, Address Line One	5321 Corporate Blvd.,
Entity Address, City or Town	Baton Rouge
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70808
City Area Code	225
Local Phone Number	926-1000
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A common stock, $0.001 par value
Security Exchange Name	NASDAQ
Documents Incorporated by Reference	Document Parts into Which Incorporated Proxy Statement for the Annual Meeting of Stockholders scheduled to be held on May 28, 2020 (Proxy Statement) Part III This combined Form 10-K is separately filed by (i) Lamar Advertising Company and (ii) Lamar Media Corp. (which is a wholly owned subsidiary of Lamar Advertising Company). Lamar Media Corp. meets the conditions set forth in general instruction I(1) (a) and (b) of Form 10-K and is, therefore, filing this form with the reduced disclosure format permitted by such instruction.
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		86,095,000
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-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	0000899045
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	1-12407
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	72-1205791
Entity Address, Address Line One	5321 Corporate Blvd.,
Entity Address, City or Town	Baton Rouge
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70808
City Area Code	225
Local Phone Number	926-1000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Class Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 26,188	$ 21,494
Receivables, net of allowance for doubtful accounts	254,930	235,576
Prepaid lease and contract expenses		80,684
Other current assets	29,051	25,915
Total current assets	310,169	363,669
Property, plant and equipment	3,660,311	3,525,725
Less accumulated depreciation and amortization	(2,311,196)	(2,230,677)
Net property, plant and equipment	1,349,115	1,295,048
Operating lease right of use assets	1,320,779
Goodwill	1,912,274	1,919,386
Intangible assets, net	992,244	915,453
Other assets	56,574	51,085
Total assets	5,941,155	4,544,641
Current liabilities:
Trade accounts payable	14,974	21,246
Current maturities of long-term debt, net of deferred financing costs	226,514	204,120
Current operating lease liabilities	196,841
Accrued expenses	107,225	122,467
Deferred income	127,254	107,202
Total current liabilities	672,808	455,035
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
Operating lease liabilities	1,068,181
Deferred income tax liabilities	5,713	20,734
Asset retirement obligation	226,137	222,989
Other liabilities	34,406	29,531
Total liabilities	4,760,849	3,412,857
Stockholders’ equity:
Additional paid-in-capital	1,922,222	1,852,421
Accumulated comprehensive income	685	12
Accumulated deficit	(708,408)	(695,337)
Cost of shares held in treasury, 503,198 and 388,903 shares in 2019 and 2018, respectively	(34,294)	(25,412)
Stockholders’ equity	1,180,306	1,131,784
Total liabilities and stockholders’ equity	5,941,155	4,544,641
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	25,688	20,994
Receivables, net of allowance for doubtful accounts	254,930	235,576
Prepaid lease and contract expenses		80,684
Other current assets	29,051	25,915
Total current assets	309,669	363,169
Property, plant and equipment	3,660,311	3,525,725
Less accumulated depreciation and amortization	(2,311,196)	(2,230,677)
Net property, plant and equipment	1,349,115	1,295,048
Operating lease right of use assets	1,320,779
Goodwill	1,902,123	1,909,235
Intangible assets, net	991,776	914,984
Other assets	50,959	45,450
Total assets	5,924,421	4,527,886
Current liabilities:
Trade accounts payable	14,974	21,246
Current maturities of long-term debt, net of deferred financing costs	226,514	204,120
Current operating lease liabilities	196,841
Accrued expenses	101,266	117,300
Deferred income	127,254	107,202
Total current liabilities	666,849	449,868
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
Operating lease liabilities	1,068,181
Deferred income tax liabilities	5,713	20,734
Asset retirement obligation	226,137	222,989
Other liabilities	34,406	29,531
Total liabilities	4,754,890	3,407,690
Stockholders’ equity:
Additional paid-in-capital	2,992,729	2,922,907
Accumulated comprehensive income	685	12
Accumulated deficit	(1,823,883)	(1,802,723)
Stockholders’ equity	1,169,531	1,120,196
Total liabilities and stockholders’ equity	5,924,421	4,527,886
Series AA Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Common Class A [Member]
Stockholders’ equity:
Common stock, value	87	86
Common Class B [Member]
Stockholders’ equity:
Common stock, value	$ 14	$ 14

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 13,185	$ 11,161
Current deferred financing costs	6,081	5,245
Noncurrent deferred financing costs	$ 18,333	$ 20,619
Shares held in treasury	503,198	388,903
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 13,185	$ 11,161
Current deferred financing costs	6,081	5,245
Noncurrent deferred financing costs	$ 18,333	$ 20,619
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	86,596,498	85,551,595
Common stock, shares outstanding	86,093,300	85,162,692
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

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net revenues	$ 1,753,644	$ 1,627,222	$ 1,541,260
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 590,078	$ 561,848	$ 540,880
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 318,380	$ 289,428	$ 276,229
Corporate expenses (exclusive of depreciation and amortization)	84,658	82,896	62,344
Depreciation and amortization	250,028	225,261	211,104
(Gain) loss on disposition of assets	(7,241)	7,233	(4,664)
Total Operating Expenses	1,235,903	1,166,666	1,085,893
Operating income	517,741	460,556	455,367
Other expense (income)
Loss on extinguishment of debt		15,429	71
Interest income	(764)	(534)	(6)
Interest expense	150,616	129,732	128,396
Non-operating (Income) Expenses	149,852	144,627	128,461
Income before income tax expense	367,889	315,929	326,906
Income tax (benefit) expense	(4,222)	10,697	9,230
Net income	372,111	305,232	317,676
Preferred stock dividends	365	365	365
Net income applicable to common stock	$ 371,746	$ 304,867	$ 317,311
Earnings per share:
Basic earnings per share	$ 3.71	$ 3.09	$ 3.24
Diluted earnings per share	3.71	3.08	3.23
Cash dividends declared per share of common stock	$ 3.84	$ 3.65	$ 3.32
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	100,130,721	98,817,525	97,930,555
Weighted average common shares outstanding diluted	100,320,574	99,086,160	98,369,865
Statements of Comprehensive Income
Net income	$ 372,111	$ 305,232	$ 317,676
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	673	(1,290)	1,926
Comprehensive income	372,784	303,942	319,602
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	$ 1,753,644	$ 1,627,222	$ 1,541,260
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 590,078	$ 561,848	$ 540,880
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 318,380	$ 289,428	$ 276,229
Corporate expenses (exclusive of depreciation and amortization)	84,229	82,497	61,962
Depreciation and amortization	250,028	225,261	211,104
(Gain) loss on disposition of assets	(7,241)	7,233	(4,664)
Total Operating Expenses	1,235,474	1,166,267	1,085,511
Operating income	518,170	460,955	455,749
Other expense (income)
Loss on extinguishment of debt		15,429	71
Interest income	(764)	(534)	(6)
Interest expense	150,616	129,732	128,396
Non-operating (Income) Expenses	149,852	144,627	128,461
Income before income tax expense	368,318	316,328	327,288
Income tax (benefit) expense	(4,222)	10,697	9,230
Net income	372,540	305,631	318,058
Statements of Comprehensive Income
Net income	372,540	305,631	318,058
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	673	(1,290)	1,926
Comprehensive income	$ 373,213	$ 304,341	$ 319,984

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Comprehensive Income (Loss) [Member]	Accumulated Comprehensive Income (Loss) [Member]LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member]LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Beginning Balance at Dec. 31, 2016	$ 1,069,528	$ 1,056,386	$ 83	$ 15	$ (12,303)	$ 1,713,312	$ 2,783,753	$ (624)	$ (624)	$ (630,955)	$ (1,726,743)
Non-cash compensation	4,012					4,012
Issuance of common stock through stock awards	18,491					18,491
Exercise of stock options	20,306					20,306
Issuance of shares of common stock through employee purchase plan	6,378					6,378
Conversion shares of Class B common stock to Class A common stock			1	(1)
Purchase of treasury stock	(8,997)				(8,997)
Foreign currency translations		1,926							1,926
Contribution from parent		49,187					49,187
Foreign currency translation	1,926							1,926
Net income	317,676	318,058								317,676	318,058
Dividend to parent		(334,459)									(334,459)
Dividends/distributions to common shareholders	(325,462)									(325,462)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2017	1,103,493	1,091,098	84	14	(21,300)	1,762,499	2,832,940	1,302	1,302	(639,106)	(1,743,144)
Non-cash compensation	4,012					4,012
Issuance of common stock through stock awards	11,012					11,012
Exercise of stock options	13,433		1			13,432
Issuance of shares of common stock through employee purchase plan	7,115					7,115
Issuance of common stock for cash	42,070		1			42,069
Issuance of common stock for purchase of assets	12,282					12,282
Purchase of treasury stock	(4,112)				(4,112)
Foreign currency translations		(1,290)							(1,290)
Contribution from parent		89,967					89,967
Foreign currency translation	(1,290)							(1,290)
Net income	305,232	305,631								305,232	305,631
Dividend to parent		(365,210)									(365,210)
Dividends/distributions to common shareholders	(361,098)									(361,098)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2018	1,131,784	1,120,196	86	14	(25,412)	1,852,421	2,922,907	12	12	(695,337)	(1,802,723)
Non-cash compensation	4,604					4,604
Issuance of common stock through stock awards	20,956					20,956
Exercise of stock options	14,984					14,984
Issuance of shares of common stock through employee purchase plan	8,060					8,060
Issuance of common stock for cash	21,198		1			21,197
Purchase of treasury stock	(8,882)				(8,882)
Foreign currency translations		673							673
Contribution from parent		69,822					69,822
Foreign currency translation	673							673
Net income	372,111	372,540								372,111	372,540
Dividend to parent		(393,700)									(393,700)
Dividends/distributions to common shareholders	(384,817)									(384,817)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2019	$ 1,180,306	$ 1,169,531	$ 87	$ 14	$ (34,294)	$ 1,922,222	$ 2,992,729	$ 685	$ 685	$ (708,408)	$ (1,823,883)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Exercise of stock options	340,684	361,618	554,049
Conversion of common stock			190,280
Common stock shares issued for cash	266,410	576,002
Common stock shares issued for purchase of assets		163,137
Purchase of treasury stock	114,295	57,619	115,196
Common stock dividends/distributions	$ 3.84	$ 3.65	$ 3.32
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80
Common stock awards	302,507	150,259	150,259
Common stock purchase plan	129,972	126,012	107,978
Additional Paid-in Capital [Member]
Exercise of stock options	340,684	361,618	554,049
Common stock shares issued for cash	266,410	576,002
Common stock shares issued for purchase of assets		163,137
Common stock awards	302,507	150,259	150,259
Common stock purchase plan	129,972
Common Stock [Member]
Conversion of common stock			190,280
Treasury Stock [Member]
Purchase of treasury stock	114,295	57,619	115,196
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 3.84	$ 3.65	$ 3.32
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 372,111	$ 305,232	$ 317,676
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	250,028	225,261	211,104
Stock-based compensation	29,647	29,443	9,599
Amortization included in interest expense	5,365	4,920	5,120
(Gain) loss on disposition of assets and investments	(7,241)	7,233	(4,664)
Loss on extinguishment of debt		15,429	71
Deferred income tax (benefit) expense	(14,130)	1,538	804
Provision for doubtful accounts	10,608	7,985	6,762
(Increase) decrease in:
Receivables	(28,357)	(33,292)	(17,524)
Prepaid expenses	275	(5,433)	309
Other assets	(11,257)	2,828	(8,410)
Increase (decrease) in:
Trade accounts payable	700	1,366	309
Accrued expenses	(1,597)	(6,292)	(9,508)
Operating lease liabilities	9,102
Other liabilities	15,611	8,628	(4,632)
Net cash provided by (used in) operating activities	630,865	564,846	507,016
Cash flows from investing activities:
Capital expenditures	(140,956)	(117,638)	(109,329)
Acquisitions	(226,278)	(477,389)	(297,305)
(Increase) decrease in notes receivable	(448)	9	515
Proceeds received from property insurance claims	210	4,222
Proceeds from disposition of assets and investments	5,438	6,648	6,053
Net cash (used in) provided by investing activities	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Net proceeds from issuance of common stock	44,262	62,662	26,684
Cash used for purchase of treasury shares	(8,882)	(4,112)	(8,997)
Proceeds received from revolving credit facility	495,000	563,000	495,000
Payments on revolving credit facility	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(34,471)	(27,328)	(16,993)
Proceeds received from senior credit facility term loans		599,250	450,000
Proceeds received from accounts receivable securitization program	9,000	175,000
Payments on accounts receivable securitization program	(9,000)
Debt issuance costs	(4,463)	(7,616)	(4,941)
Proceeds received from note offering	255,000
Redemption of senior subordinated notes		(509,790)
Payment on senior credit facility term loans			(247,500)
Distributions to non-controlling interest	(621)	(541)	(693)
Dividends/distributions	(385,182)	(443,088)	(244,201)
Cash flows (used in) provided by financing activities	(264,357)	(73,563)	(28,641)
Effect of exchange rate changes in cash and cash equivalents	220	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	21,494	115,471	35,530
Cash and cash equivalents at end of period	26,188	21,494	115,471
Supplemental disclosures of cash flow information:
Cash paid for interest	139,585	136,711	123,213
Cash paid for state and federal income taxes	14,449	8,563	12,640
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	372,540	305,631	318,058
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	250,028	225,261	211,104
Stock-based compensation	29,647	29,443	9,599
Amortization included in interest expense	5,365	4,920	5,120
(Gain) loss on disposition of assets and investments	(7,241)	7,233	(4,664)
Loss on extinguishment of debt		15,429	71
Deferred income tax (benefit) expense	(14,130)	1,538	804
Provision for doubtful accounts	10,608	7,985	6,762
(Increase) decrease in:
Receivables	(28,357)	(33,292)	(17,524)
Prepaid expenses	275	(5,433)	309
Other assets	(11,257)	3,270	(8,410)
Increase (decrease) in:
Trade accounts payable	700	1,366	309
Accrued expenses	(1,597)	(6,292)	(9,416)
Operating lease liabilities	9,102
Other liabilities	(10,743)	(19,974)	(27,882)
Net cash provided by (used in) operating activities	604,940	537,085	484,240
Cash flows from investing activities:
Capital expenditures	(140,956)	(117,638)	(109,329)
Acquisitions	(226,278)	(477,389)	(297,305)
(Increase) decrease in notes receivable	(448)	9	515
Proceeds received from property insurance claims	210	4,222
Proceeds from disposition of assets and investments	5,438	6,648	6,053
Net cash (used in) provided by investing activities	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Proceeds received from revolving credit facility	495,000	563,000	495,000
Payments on revolving credit facility	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(34,471)	(27,328)	(16,993)
Proceeds received from senior credit facility term loans		599,250	450,000
Proceeds received from accounts receivable securitization program	9,000	175,000
Payments on accounts receivable securitization program	(9,000)
Debt issuance costs	(4,463)	(7,616)	(4,941)
Proceeds received from note offering	255,000
Redemption of senior subordinated notes		(509,790)
Payment on senior credit facility term loans			(247,500)
Distributions to non-controlling interest	(621)	(541)	(693)
Dividends to parent	(393,700)	(446,744)	(252,925)
Contributions from parent	69,822	89,967	49,187
Cash flows (used in) provided by financing activities	(238,433)	(45,802)	(5,865)
Effect of exchange rate changes in cash and cash equivalents	221	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	20,994	114,971	35,030
Cash and cash equivalents at end of period	25,688	20,994	114,971
Supplemental disclosures of cash flow information:
Cash paid for interest	139,585	136,711	123,213
Cash paid for state and federal income taxes	$ 14,449	$ 8,563	$ 12,640

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Significant Accounting Policies	(1) Significant Accounting Policies (a) Nature of Business Lamar Advertising Company (the Company) is engaged in the outdoor advertising business, operating approximately 157,800 billboard advertising displays in 45 states and Canada. The Company’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves. In addition, the Company operates a logo sign business in 24 states throughout the United States and the province of Ontario, Canada and operates approximately 52,800 transit advertising displays in 22 states and Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. The Company operates as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes and generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from advertising rental revenue. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from the assets of its taxable REIT subsidiaries (“TRSs”). In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted. (b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Advertising Company, its wholly owned subsidiary, Lamar Media Corp. (Lamar Media), and its majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation. An operating segment is a component of an enterprise: • that engages in business activities from which it may earn revenues and incur expenses; • whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and • for which discrete financial information is available. We define the term ‘chief operating decision maker’ to be our executive management group, which consist of our Chief Executive Officer, President and Chief Financial Officer. Currently, all operations are reviewed on a consolidated basis for budget and business plan performance by our executive management group. Additionally, operational performance at the end of each reporting period is viewed in the aggregate by our management group. Any decisions related to changes in invested capital, personnel, operational improvement or training, or to allocate other company resources are made based on the combined results. We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals. (c) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. (d) Goodwill and Intangible Assets Goodwill is subject to an annual impairment test. The Company designated December 31 as the date of its annual goodwill impairment test. The Company is required to identify its reporting units and determine the carrying value of each reporting unit. The Company has identified two reporting units, Billboard operations and Logo operations, by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units. The Company is required to determine the fair value of each reporting unit and compare it to the carrying amount of the reporting unit. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit, the Company would be required to book an impairment loss. The Co mpany conducts a qualitative assessment by examining relevant events and circumstances which could have a negative impact on the Company’s goodwill, which includes macroeconomic conditions, industry and market conditions, cost factors, overall financial pe rformance, reporting unit dispositions and acquisitions, the market capitalization of the Company and other relevant events specific to the Company. If, after assessing the totality of events or circumstances described above, the Company determines that it is more likely than not that the fair value of either of the Company's reporting units is less than its carrying amount, the Company will perform a quantitative impairment test. If industry and economic conditions deteriorate, the Company may be required to assess goodwill impairment before the next annual test, which could result in impairment charges. The Company performed its annual measurement for impairment of the goodwill of its reporting units and concluded the fair value of each reporting unit exceeded its carrying amount at its annual impairment test date on December 31, 2019 and 2018; therefore, the Company was not required to recognize an impairment loss. Intangible assets, consisting primarily of site locations, customer lists and contracts, and non-competition agreements are amortized using the straight-line method over the assets estimated useful lives, generally from 2 to 15 years. (e) Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset or asset group before interest expense. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset or asset group. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet. (f) Acquisitions The Company accounts for transactions that meet the definition of a business and group asset purchases as acquisitions. For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. The determination of the final purchase price and the acquisition-date fair value of identifiable assets acquired and liabilities assumed may extend over more than one period and result in adjustments to the preliminary estimate recognized in the prior period financial statements For transactions that meet the definition of asset group purchases, the Company allocates the purchase price to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition. If a transaction is determined to be a group of assets, any direct acquisition costs are capitalized. Transaction costs for transactions determined to be a business combination are expensed as incurred. The fair value of the assets acquired and liabilities assumed is typically determined by using either estimates of replacement costs or discounted cash flow valuation methods. When determining the fair value of tangible assets acquired, the Company must estimate the cost to replace the asset with a new asset, adjusted for an estimated reduction in fair value due to age of the asset, and the economic useful life. When determining the fair value of intangible assets acquired, the Company must estimate the applicable discount rate and the timing and amount of future cash flows. (g) Lease liabilities On January 1, 2019, the Company adopted ASC 842, Leases The Company is party to various operating leases for production facilities, vehicles and sites upon which advertising structures are built, including our billboard land leases, leases of logo structures and leases of transit advertising space. The leases expire at various dates, have varying options to renew and cancel, and may contain escalation provisions. We expense our non-vari able lease payments ratably over the lease term. Also, certain of our leases contain variable lease payments based on percentage of revenue or consumer price index or other inflation-based indices. The variable lease costs are expensed in the period incurr ed. The key estimates for our leases include (1) the discount rate used to discount the unpaid lease payment to present value and (2) lease term. Our leases generally do not include a readily determinable implicit rate, therefore, using a portfolio approach, we determine our collateralized incremental borrowing rate to discount the lease payment based on the information available at lease commencement. Our lease terms include the noncancellable period of the lease plus any additional periods covered by either a Company option to extend (or not to terminate) the lease that the Company is reasonably certain to exercise, or an option to extend the lease controlled by the lessor. The Company has determined we are not reasonably certain to exercise renewals or termination options, and as a result we use the lease’s initial stated term as the lease term for our lease population. (h) Deferred Income Deferred income consists principally of advertising revenue invoiced in advance. Deferred advertising revenue is recognized in income over the term of the contract. (i) Revenue Recognition The Company recognizes outdoor advertising revenue on an accrual basis ratably over the term of the contracts. Production revenue and the related expense for the advertising copy are recognized upon satisfaction of its performance obligation. The Company engages in barter transactions where the Company trades advertising space for goods and services. The Company recognizes revenues and expenses from barter transactions at fair value, which is determined based on the Company’s own historical practice of receiving cash for similar advertising space from buyers unrelated to the party in the barter transaction. The amount of revenue and expense recognized for advertising barter transactions is as follows: 2019 2018 2017 Net revenues $ 9,636 $ 8,955 $ 8,469 Direct advertising expenses $ 3,982 $ 3,633 $ 3,603 General and administrative expenses $ 4,986 $ 4,758 $ 4,332 (j) Income Taxes As a REIT, the Company is generally not subject to federal income taxes on income and gains distributed to the Company’s stockholders. However, the Company remains obligated to pay income taxes on earnings from domestic TRSs. In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or where those operations are conducted, including those designated as Qualified REIT Subsidiaries, or QRSs, for federal income tax purposes. Accordingly, the consolidated financial statements reflect provisions for federal, state, local and foreign income taxes. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, as well as operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities as a result of a change in tax rates is recognized in income in the period that includes the enactment date. (k) Dividends/Distributions As a REIT, the Company must annually distribute to its stockholders an amount equal to at least 90% of its REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain). During the year ended December 31, 2019, the Company declared and paid distributions of its REIT taxable income of $384,817 or $3.84 per share. During the year ended December 31, 2018, the Company paid cash distributions of its REIT taxable income in an aggregate amount of $442,632 or $4.48 per share. The distributions paid during 2018 include distributions declared and accrued as of December 31, 2017 of $81,534 or $0.83 per share. During the year ended December 31, 2017, the Company declared distributions of $325,462 or $3.32 per share, including paid distributions 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 the 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 its existing and future debt instruments, the Company’s ability to utilize net operating losses (“NOLs”) to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its TRSs and other factors that the Board of Directors may deem relevant. During the year ended December 31, 2019, the Company paid dividend distributions to holders of its Series AA Preferred Stock of $365 or $63.80 per share. During the year ended December 31, 2018, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $456 or $79.75 per share, including $91, or $15.95 per share, related to distributions accrued for in 2017. During the year ended December 31, 2017 the Company paid cash dividend distributions to holders of its Series AA Preferred Stock of $274 or $47.85 per share. (l) 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. For the years ended December 31, 2019, 2018 and 2017 there were no dilutive shares excluded from the calculation. (m) Stock Based Compensation Compensation expense for share-based awards is recognized based on the grant date fair value of those awards. Stock-based compensation expense includes an estimate for pre-vesting forfeitures and is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. Non-cash compensation expense recognized during the years ended December 31, 2019, 2018, and 2017 were $29,647, $29,443 and $9,599, respectively. The $29,647 expensed during the year ended December 31, 2019 consists of (i) $4,226 related to stock options and the employee stock purchase plan, (ii) $25,005 related to stock grants made under the Company’s performance-based stock incentive program in 2019 and (iii) $416 related to stock awards to directors. See Note 15 for information on the assumptions used to calculate the fair value of stock-based compensation. (n) Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents. (o) Foreign Currency Translation Local currencies generally are considered the functional currencies outside the United States. Assets and liabilities for operations in local-currency environments are translated at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are recorded as a component of other comprehensive income (loss) in the Consolidated Statements of Income and Comprehensive Income and as a component of accumulated comprehensive income (loss) in the Consolidated Statements of Stockholders’ Equity. (p) Asset Retirement Obligations The Company is required to record the fair value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The liability is capitalized as part of the related long-lived asset’s carrying amount. Over time, accretion of the liability is recognized as an operating expense and the capitalized cost is depreciated over the expected useful life of the related asset. The Company’s asset retirement obligations relate primarily to the dismantlement, removal, site reclamation and similar activities of its leased properties. (q) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (r) Comprehensive Income Total comprehensive income is presented in the Consolidated Statements of Income and Comprehensive Income and the components of accumulated comprehensive income (loss) are presented in the Consolidated Statements of Stockholders’ Equity. Comprehensive income (loss) is composed of foreign currency translation effects. (s) Fair Value Measurements The Company determines the fair value of its financial instruments using the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. (t) Subsequent Events The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Significant Accounting Policies	(1) Significant Accounting Policies (a) Nature of Business Lamar Media Corp. (“Lamar Media”) is a wholly owned subsidiary of Lamar Advertising Company. Lamar Media is engaged in the outdoor advertising business operating approximately 157,800 outdoor advertising displays in 45 states and Canada. Lamar Media’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves. In addition, Lamar Media operates a logo sign business in 24 states throughout the United States as well as the province of Ontario, Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. Certain footnotes are not provided for the accompanying financial statements as the information in notes 2, 3, 5, 7, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23 and 24 and portions of note 1 to the consolidated financial statements of Lamar Advertising Company included elsewhere in this filing are substantially equivalent to that required for the consolidated financial statements of Lamar Media Corp. Earnings per share data is not provided for the operating results of Lamar Media Corp. as it is a wholly owned subsidiary of Lamar Advertising Company. (b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Media, its wholly owned subsidiaries, The Lamar Company, L.L.C., Lamar Central Outdoor, LLC, Lamar TRS Holdings, LLC, Lamar Advertising Southwest, Inc., Interstate Logos, L.L.C., Lamar Obie Company, LLC, Lamar Canadian Outdoor Company, Lamar Advertising of Puerto Rico, Inc. and their majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenues	(2) Revenue 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 continued 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 Due to the transition of our advertising space contracts into ASC 606 we are now required to capitalize our costs to fulfill a contract and expense the costs over the contract period. These costs include our costs to install advertising copy onto billboards. These costs were expensed as incurred under ASC 840. During the year ended December 31, 2019, we capitalized $24,920 of costs to fulfill a contract which is included in other current assets on the Consolidated Balance Sheets, net of expensed costs of $15,734. The expensed costs are recorded in direct advertising expenses (exclusive of depreciation and amortization) in the Consolidated Statements of Income and Comprehensive Income. Revenue Recognition Advertising revenues : The majority of our revenues are derived from contracts for advertising space on billboard, logo and transit displays and were accounted for under ASC 840, prior to January 1, 2019. Upon the Company’s adoption of ASC 842, on January 1, 2019 the majority of our contracts for advertising space transitioned to being accounted for under ASC 606, The contract revenues, under both 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 co py. On and after January 1, 2018 revenue for production contracts are recognized under ASC 606, Revenue . 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 utilized 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 revenues accounted for under ASC 840, ASC 842 and ASC 606 for the years ended December 31, 2019, 2018 and 2017. 2019 2018 2017 Billboard Advertising $ 1,537,542 $ 1,412,978 $ 1,340,422 Logo Advertising 84,201 84,424 82,936 Transit Advertising 131,901 129,820 117,902 Net Revenues $ 1,753,644 $ 1,627,222 $ 1,541,260

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions	(3) Acquisitions Year Ended December 31, 2019 During the twelve months ended December 31, 2019, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $226,278, net of acquired cash of $1,508. This amount includes $227,588 of outdoor advertising assets purchased in 2019, offset by $1,310 in post-closing adjustments to acquired working capital related to the purchase of Fairway Outdoor Advertising (“Fairway”) in 2018. Each of these acquisitions was accounted for under the acquisition method of accounting, and, accordingly, the accompanying consolidated financial statements include the results of operations of each acquired entity from the date of acquisition. The acquisition purchase price has been allocated to assets acquired and liabilities assumed based on fair market value at the dates of acquisition. The following is a summary of the allocation of the purchase price in the above transactions, which includes the final fair value allocation of the asset acquired and liabilities assumed in a business combination completed on July 15, 2019, for an aggregate purchase price of $127,000. Total Property, plant and equipment $ 37,988 Site locations 131,208 Non-competition agreements 240 Customer lists and contracts 23,032 Asset acquisition costs 756 Other intangibles 3,115 Goodwill 29,360 Current assets 1,860 Current liabilities (832 ) Operating right of use assets 23,934 Operating lease liabilities (21,573 ) Other liabilities (1,500 ) $ 227,588 Total acquired intangible assets for the year ended December 31, 2019 were $187,711, of which $29,360 was assigned to goodwill. Goodwill is not amortized for financial statement purposes, and no goodwill related to 2019 acquisitions is expected to be deductible for tax purposes. The remaining $158,351 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $23,032 (7 year weighted average useful life) and site locations of $131,208 (15 year weighted average useful life). The aggregate amortization expense related to the 2019 acquisitions for the year ended December 31, 2019 was approximately $7,570. As of December 31, 2019, we have finalized our fair value allocation of the assets acquired and liabilities assumed from Fairway on December 21, 2018. Our updated fair value allocation of Fairway during 2019 includes property, plant and equipment, intangibles and goodwill of $96,840, $188,400 and $145,534, respectively. During the period ended December 31, 2019, goodwill was adjusted $36,583 due to updates from the original preliminary purchase price allocation provided as of December 31, 2018. The updated allocation resulted in prior and current period changes to depreciation and amortization. These changes were considered immaterial and recorded during the year ended December 31, 2019. During the year ended December 31, 2019, assets purchased from Fairway, which were initially placed into our taxable REIT subsidiary, were transferred to our qualifying REIT subsidiary. As a result, the Company recorded an income tax benefit of $17,031 in deferred tax liabilities assumed from our purchase. The following unaudited pro forma financial information for the Company gives effect to the 2019 and 2018 acquisitions as if they had occurred on January 1, 2018. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period. 2019 2018 (unaudited) Net revenues $ 1,764,493 $ 1,724,821 Net income applicable to common stock $ 369,300 $ 292,012 Net income per common share — basic $ 3.69 $ 2.96 Net income per common share — diluted $ 3.68 $ 2.95 Year Ended December 31, 2018 During the twelve months ended December 31, 2018, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $489,671, net of acquired cash of $8,554. The total purchase price consisted of the issuance of 163,137 shares of its Class A common stock for $12,282 and cash of $477,389. The purchases included the acquisition of assets in five U.S markets from Fairway Outdoor Advertising (“Fairway”) on December 21, 2018 for an aggregate purchase price of $418,500. As of December 31, 2018, our fair value allocation of the assets acquired and liabilities assumed from Fairway was considered preliminary and subject to revision, which could result in adjustments to this allocation. In order to develop our preliminary fair values, the Company utilized asset information received from Fairway and fair value allocation benchmarks from similar completed transactions. Our preliminary allocation of Fairway included property, plant and equipment, intangibles and goodwill of $91,173, $156,319 and $182,117, respectively. As discussed above, we finalized the Fairway fair value allocation during 2019. Each of these acquisitions was accounted for under the acquisition method of accounting, and, accordingly, the accompanying consolidated financial statements include the results of operations of each acquired entity from the date of acquisition. The acquisition costs have been allocated to assets acquired and liabilities assumed based on fair market value at the dates of acquisition. The following is a summary of the allocation of the acquisition costs in the above transactions, excluding the preliminary allocation of Fairway. Total Property, plant and equipment $ 8,648 Site locations 57,105 Non-competition agreements 342 Customer lists and contracts 6,521 Asset acquisition costs 336 Current assets 1,041 Current liabilities (355 ) $ 73,638 Total acquired intangible assets for the year ended December 31, 2018 were $402,740, of which $182,117 was assigned to goodwill. Goodwill is not amortized for financial statement purposes, and no goodwill related to 2018 acquisitions is expected to be deductible for tax purposes. The remaining $220,623 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $33,310 (7 year weighted average useful life) and site locations of $186,635 (15 year weighted average useful life). The aggregate amortization expense related to the 2018 acquisitions for the year ended December 31, 2018 was approximately $2,681. The following unaudited pro forma financial information for the Company gives effect to the 2018 and 2017 acquisitions as if they had occurred on January 1, 2017. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period. 2018 2017 (unaudited) Net revenues $ 1,699,052 $ 1,647,445 Net income applicable to common stock $ 299,493 $ 306,900 Net income per common share — basic $ 3.03 $ 3.13 Net income per common share — diluted $ 3.02 $ 3.12

Non-cash Financing and Investin

Non-cash Financing and Investing Activities	12 Months Ended
	Dec. 31, 2019
Non-cash Financing and Investing Activities	(4) Non-cash Financing and Investing Activities For the year ended December 31, 2019, there were no significant non-cash investing activities. For the year ended December 31, 2018, the Company had non-cash investing activities for the issuance of 163,137 shares of its Class A common stock related to acquisition purchases. The issuance had an approximate value of $12,282. For the year ended December 31, 2017, the Company had $2,879 non-cash investing activities related to acquisitions of outdoor advertising assets. There were no significant non-cash financing activities during the years ended December 31, 2019 and 2018. During the year ended December 31, 2017, the Company had non-cash financing activities related to declared distributions of $81,625 which were paid to shareholders in January 2018.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Non-cash Financing and Investing Activities	(2) Non-cash Financing and Investing Activities There were no significant non-cash investing activities for Lamar Media during the years ended December 31, 2019 and 2018. For the year ended December 31, 2017, the Company had non-cash investing activities of $2,879 related to acquisitions of outdoor advertising assets. There were no significant non-cash financing activities during the years ended December 31, 2019 and 2018. During the year ended December 31, 2017, Lamar Media had non-cash financing activities related to dividends to Lamar Advertising Company of $81,534 which were paid in January 2018.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	(5) Property, Plant and Equipment Major categories of property, plant and equipment at December 31, 2019 and 2018 are as follows: Estimated Life (Years) 2019 2018 Land — $ 406,884 $ 384,264 Building and improvements 10 — 39 181,797 173,306 Advertising structures 5 — 15 2,926,706 2,817,170 Automotive and other equipment 3 — 7 144,924 150,985 $ 3,660,311 $ 3,525,725

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Other Intangible Assets	(6) Goodwill and Other Intangible Assets The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated 2019 2018 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Customer lists and contracts 7 — 10 $ 641,714 $ 539,405 $ 610,376 $ 514,928 Non-competition agreements 3 — 15 66,014 64,379 65,771 64,119 Site locations 15 2,384,520 1,509,335 2,228,767 1,422,794 Other 2 — 15 49,864 36,749 45,992 33,612 $ 3,142,112 $ 2,149,868 $ 2,950,906 $ 2,035,453 Unamortizable Intangible Assets: Goodwill $ 2,165,810 $ 253,536 $ 2,172,922 $ 253,536 The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows: Balance as of December 31, 2017 $ 1,993,990 Goodwill acquired during the year 182,117 Purchase price adjustments and other (3,185 ) Impairment losses — Balance as of December 31, 2018 $ 2,172,922 Goodwill acquired during the year 29,360 Purchase price adjustments and other (36,472 ) Impairment losses — Balance as of December 31, 2019 $ 2,165,810 Amortization expense for the years ended December 31, 2019, 2018 and 2017 was $113,679, $95,010 and $85,257, respectively. The following is a summary of the estimated amortization expense for future years: 2020 $ 108,323 2021 104,332 2022 99,480 2023 88,649 2024 84,835 Thereafter 506,625 Total $ 992,244
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Goodwill and Other Intangible Assets	(3) Goodwill and Other Intangible Assets The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated 2019 2018 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Customer lists and contracts 7—10 $ 641,714 $ 539,405 $ 610,376 $ 514,928 Non-competition agreement 3—15 66,014 64,379 65,771 64,119 Site locations 15 2,384,520 1,509,335 2,228,767 1,422,794 Other 2—15 49,318 36,671 45,446 33,535 $ 3,141,566 $ 2,149,790 $ 2,950,360 $ 2,035,376 Unamortizable Intangible Assets: Goodwill $ 2,154,790 $ 252,667 $ 2,161,902 $ 252,667 The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows: Balance as of December 31, 2017 $ 1,982,970 Goodwill acquired during the year 182,117 Purchase price adjustments and other (3,185 ) Impairment losses — Balance as of December 31, 2018 $ 2,161,902 Goodwill acquired during the year 29,360 Purchase price adjustments and other (36,472 ) Impairment losses — Balance as of December 31, 2019 $ 2,154,790

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	(7) Leases On January 1, 2019 the Company adopted ASC 842, Leases also elected the package of practical expedients, which permitted us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We also elected the practical expedient pertaining to land easements, which allows the Company not to reassess its accounting treatment for our previously existing land easements as to whether they qualify as a lease under ASC 842. The Company is party to various operating leases for production facilities, vehicles and sites upon which advertising structures are built, including our billboard land leases, leases of logo structures and leases of transit advertising space. The leases expire at various dates, have varying options to renew and cancel, and may contain escalation provisions. We expense our non-variable lease payments ratably over the lease term. Also, certain of our leases contain variable lease payments based on percentage of revenue or consumer price index or other inflation-based indices. The variable lease costs are expensed in the period incurred. Due to our election not to reassess conclusions about lease identification, as noted above, our transit agreements were accounted for as leases on January 1, 2019. As we enter into new or renew current transit agreements, those agreements will not likely meet the criteria of a lease under ASC 842, therefore they will no longer be accounted for as a lease. During the year ended December 31, 2019, we had base operating lease costs of $312,883 and variable operating lease costs of $76,492, for a total operating lease cost of $389,375. During the years ended December 31, 2018 and 2017 we had total operating lease costs of $381,890 and $366,892, respectively. Our operating lease costs are recorded in direct advertising expenses (exclusive of depreciation and amortization). Also, for the year ended December 31, 2019, we recorded a gain of $4,061 in (gain) loss of disposition of assets related to the amendment and termination of lease agreements. Cash payments of $316,527 were made reducing our operating lease liabilities for the year ended December 31, 2019 and are included in cash flows provided by operating activities in the Consolidated Statements of Cash Flows. We elected the short-term lease exemption which applies to certain of our vehicle agreements. This election allows the Company to not recognize lease right of use assets (ROU assets) or lease liabilities for agreements with a term of twelve months or less. We recorded $4,691 in direct advertising expenses (exclusive of depreciation and amortization) for these agreements during the year ended December 31, 2019. Our operating leases have a weighted-average remaining lease term of 12.0 years. The weighted-average discount rate of our operating leases is 4.8%. Also, during the year ended December 31, 2019, we obtained $35,813 of leased assets in exchange for new operating lease liabilities, which includes liabilities obtained through acquisitions. The following is a summary of the maturities of our operating lease liabilities as of December 31, 2019: 2020 $ 240,438 2021 196,099 2022 175,598 2023 152,470 2024 135,234 Thereafter 800,876 Total undiscounted operating lease payments 1,700,715 Less: Imputed interest (435,693 ) Total operating lease liabilities $ 1,265,022 The following is a summary of minimum annual rental payments required under our operating lease that have original or remaining lease terms in excess of one year as of December 31, 2018: 2019 $ 254,866 2020 $ 188,138 2021 $ 165,642 2022 $ 144,814 2023 $ 122,814 Thereafter $ 819,004

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2019
Accrued Expenses	(8) Accrued Expenses The following is a summary of accrued expenses at December 31, 2019 and 2018: 2019 2018 Payroll $ 20,223 $ 20,667 Interest 32,734 27,067 Insurance benefits 11,554 12,633 Accrued variable lease and contract expense 12,559 36,158 Stock-based compensation 23,297 19,211 Other 6,858 6,731 $ 107,225 $ 122,467
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Accrued Expenses	(4) Accrued Expenses The following is a summary of accrued expenses at December 31, 2019 and 2018: 2019 2018 Payroll $ 20,223 $ 20,667 Interest 32,734 27,067 Accrued variable lease and contract expense 12,559 36,158 Stock-based compensation 23,297 19,211 Other 12,453 14,197 $ 101,266 $ 117,300

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2019
Long-term Debt	(9) Long-term Debt Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,127,069 $ 9,077 $ 1,117,992 Accounts Receivable Securitization Program 175,000 846 174,154 5% Senior Subordinated Notes 535,000 3,237 531,763 5 3/8 510,000 3,502 506,498 5 3/4 654,345 7,752 646,593 Other notes with various rates and terms 3,118 — 3,118 3,004,532 24,414 2,980,118 Less current maturities (232,595 ) (6,081 ) (226,514 ) Long-term debt, excluding current maturities $ 2,771,937 $ 18,333 $ 2,753,604 December 31, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,291,088 $ 11,576 $ 1,279,512 Accounts Receivable Securitization Program 175,000 1,168 173,832 5% Senior Subordinated Notes 535,000 4,104 530,896 5 3/8% Senior Notes 510,000 4,262 505,738 5 3/4% Senior Notes 400,000 4,754 395,246 Other notes with various rates and terms 3,464 — 3,464 2,914,552 25,864 2,888,688 Less current maturities (209,365 ) (5,245 ) (204,120 ) Long-term debt, excluding current maturities $ 2,705,187 $ 20,619 $ 2,684,568 Long-term debt contractual maturities are as follows: Debt Deferred financing costs Debt, net of deferred financing costs 2020 $ 232,595 $ 6,081 $ 226,514 2021 $ 74,487 $ 6,205 $ 68,282 2022 $ 426,971 $ 4,677 $ 422,294 2023 $ 541,989 $ 3,480 $ 538,509 2024 $ 517,008 $ 2,216 $ 514,792 Later years $ 1,211,482 $ 1,755 $ 1,209,727 Senior Credit Facility Lamar Media’s Third Amended and Restated Credit Agreement dated as of May 15, 2017 (as amended, the “senior credit facility”) originally consisted of (i) a $450,000 senior secured revolving credit facility which will mature on May 15, 2022 (the “revolving credit facility”), (ii) a $450,000 Term A loan facility (the “Term A loans”) which will mature on May 15, 2022, and (iii) an incremental facility pursuant to which Lamar Media may incur additional term loan tranches or increase its revolving credit facility subject to pro forma compliance with the secured debt ratio financial maintenance covenant (the “Incremental Facility”). Lamar Media borrowed all $450,000 in Term A loans on May 15, 2017. The net proceeds of the Term A loans, 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. On March 16, 2018, Lamar Media entered into Amendment No. 1 to the Third Amended and Restated Credit Agreement dated May 15, 2017, which amended 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. Lamar Media 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. On January 17, 2019, Lamar Media entered into an incremental amendment to the senior credit facility to include $ . As of December 31, 2019, the senior credit facility consisted of (i) the revolving credit facility, (ii) the Term A loans, (iii) the Term B loans and (iv) the Incremental Facility. 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 March 31, June 30, September 30 and December 31 as follows: Principal Payment Date Term A Term B March, 31 2020-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 Rate revolving 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 default and other terms of the senior credit facility apply to the Term A and B loans and revolving credit facility. As of December 31, 2019, there was $150,000 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 $12,709 letters of credit outstanding as of December 31, 2019 resulting in $387,291 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 would allow Lamar Media to conduct its affairs in a manner that would allow 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 applicable senior credit agreement provisions during the periods presented. Accounts Receivable Securitization Program On December 18, 2018 Lamar Media entered into a $175,000 Receivable Financing Agreement (the “AR Program”) with its wholly-owned special purpose entities, Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC (the “Special Purpose Subsidiaries”) maturing on December 17, 2021. The AR Program is limited to the availability of eligible accounts receivable collateralizing the borrowings under the agreements governing the AR Program. Pursuant to two separate Purchase and Sale Agreements dated December 18, 2018, each of which is among Lamar Media as initial Servicer, certain of Lamar Media’s subsidiaries and a Special Purpose Subsidiary, the subsidiaries sold substantially all of their existing and future accounts receivable balances to the Special Purpose Subsidiaries. The Special Purpose Subsidiaries use the accounts receivable balances to collateralize loans pursuant to the AR Program. Lamar Media retains the responsibility of servicing the accounts receivable balances pledged as collateral under the AR Program and provides a performance guaranty. As of December 31, 2019 there was $175,000 outstanding on the AR Program bearing interest at approximately 3.3%. Proceeds from the AR Program were used primarily to repay outstanding amounts under our revolving credit facility. The commitment fee based on the amount of unused commitments under the AR Program was immaterial in 2019. The AR Program is accounted for as a collateralized financing activity, rather than a sale of assets, and therefore: (i) accounts receivable balances pledged as collateral are presented as assets and the borrowings are presented as liabilities on our Consolidated Balance Sheets, (ii) our Consolidated Statements of Income and Comprehensive Income reflect the associated charges for bad debt expense (a component of general and administrative expenses) related to the pledged accounts receivable and interest expense associated with the collateralized borrowings and (iii) receipts from customers related to the underlying accounts receivable are reflected as operating cash flows and borrowings and repayments under the collateralized loans are reflected as financing cash flows within our Consolidated Statements of Cash Flows. 5 7/8% Senior Subordinated Notes On February 9, 2012, Lamar Media completed an institutional private placement of $500,000 aggregate principal amount of 5 7/8% 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% Senior Subordinated Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $527,100. Lamar Media may redeem the 5% Senior Subordinated Notes, in whole or in part, in cash at redemption prices specified in the 5% Senior Subordinated 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% Senior Subordinated Notes at a price equal to 101% of the principal amount of the 5% Senior Subordinated Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5 3/8% Senior N otes On January 10, 2014, Lamar Media completed an institutional private placement of $510,000 aggregate principal amount of 5 3/8% Lamar Media may redeem the 5 3/8% Senior Notes, in whole or in part, in cash at redemption prices specified in the 5 3/8% Senior 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% Senior Notes at a price equal to 101% of the principal amount of the 5 3/8% Senior 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 On February 1, 2019, Lamar Media completed an institutional private placement of an additional $250,000 aggregate principal amount under its 5 3/4 At any time prior to February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Senior 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% Senior Notes, in whole or in part, in cash at redemption prices specified in the 5 3/4% Senior 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% Senior Notes at a price equal to 101% of the principal amount of the 5 3/4% Senior Notes, plus accrued and unpaid interest, up to but not including the repurchase date.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Long-term Debt	(5) Long-term Debt Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,127,069 $ 9,077 $ 1,117,992 Accounts Receivable Securitization Program 175,000 846 174,154 5% Senior Subordinated Notes 535,000 3,237 531,763 5 3/8% 510,000 3,502 506,498 5 3/4% 654,345 7,752 646,593 Other notes with various rates and terms 3,118 — 3,118 3,004,532 24,414 2,980,118 Less current maturities (232,595 ) (6,081 ) (226,514 ) Long-term debt, excluding current maturities $ 2,771,937 $ 18,333 $ 2,753,604 December 31, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,291,088 $ 11,576 $ 1,279,512 Accounts Receivable Securitization Program 175,000 1,168 173,832 5% Senior Subordinated Notes 535,000 4,104 530,896 5 3/8% 510,000 4,262 505,738 5 3/4% 400,000 4,754 395,246 Other notes with various rates and terms 3,464 — 3,464 2,914,552 25,864 2,888,688 Less current maturities (209,365 ) (5,245 ) (204,120 ) Long-term debt, excluding current maturities $ 2,705,187 $ 20,619 $ 2,684,568 Long-term debt contractual maturities are as follows: Debt Deferred financing costs Debt, net of deferred financing costs 2020 $ 232,595 $ 6,081 $ 226,514 2021 $ 74,487 $ 6,205 $ 68,282 2022 $ 426,971 $ 4,677 $ 422,294 2023 $ 541,989 $ 3,480 $ 538,509 2024 $ 517,008 $ 2,216 $ 514,792 Later years $ 1,211,482 $ 1,755 $ 1,209,727

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	(10) Asset Retirement Obligation The Company’s asset retirement obligation includes 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 7,583 Accretion expense 4,404 Liabilities settled (4,087 ) Balance at December 31, 2018 $ 222,989 Additions to asset retirement obligations 2,529 Accretion expense 4,260 Liabilities settled (3,641 ) Balance at December 31, 2019 $ 226,137

Depreciation and Amortization

Depreciation and Amortization	12 Months Ended
	Dec. 31, 2019
Depreciation And Amortization [Abstract]
Depreciation and Amortization	(11) Depreciation and Amortization The Company includes all categories of depreciation and amortization on a separate line in its Statements of Income. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Income are: Year Ended December 31, 2019 2018 2017 Direct expenses $ 235,544 $ 212,585 $ 196,107 General and administrative expenses 4,416 4,134 4,151 Corporate expenses 10,068 8,542 10,846 $ 250,028 $ 225,261 $ 211,104

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(12) Income Taxes Commencing January 1, 2014, the Company began operating as a REIT for U.S. income tax purposes. Since operating as a REIT, the Company filed, and intends to continue to file, as a REIT, and its TRSs filed, and intend to continue to file, as C corporations. The Company also files tax returns in various states and countries. The Company’s state tax returns reflect different combinations of the Company’s subsidiaries and are dependent on the connection each subsidiary has with a particular state. The following information pertains to the Company’s income taxes on a consolidated basis. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “TCJA”) was signed into law, making significant changes to the Internal Revenue Code. As a result of the TCJA, a tax benefit of $3,372 and $466 was recorded to current tax expense and deferred tax expense, respectively, for the year ended December 31, 2017. Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2019: U.S. federal $ 6,045 $ (13,450 ) $ (7,405 ) State and local 2,699 (2,654 ) 45 Foreign 1,164 1,974 3,138 $ 9,908 $ (14,130 ) $ (4,222 ) Year ended December 31, 2018: U.S. federal $ 4,952 $ 435 $ 5,387 State and local 2,615 (123 ) 2,492 Foreign 1,592 1,226 2,818 $ 9,159 $ 1,538 $ 10,697 Year ended December 31, 2017: U.S. federal $ 4,174 $ 359 $ 4,533 State and local 2,706 (170 ) 2,536 Foreign 1,546 615 2,161 $ 8,426 $ 804 $ 9,230 As of December 31, 2019 and 2018, the Company had income taxes payable of $384 and $458, respectively. The U.S. and foreign components of earnings before income taxes are as follows: 2019 2018 2017 U.S. $ 357,445 $ 317,695 $ 332,607 Foreign 10,444 (1,766 ) (5,701 ) Total $ 367,889 $ 315,929 $ 326,906 A reconciliation of significant differences between the reported amount of income tax expense and the expected amount of income tax expense that would result from applying the U.S. federal statutory income tax rate of 21 percent to income before taxes for the 2019 and 2018 tax years and 35 percent for the 2017 tax year, is as follows: 2019 2018 2017 Income tax expense at U.S. federal statutory rate $ 77,257 $ 66,345 $ 114,417 Tax adjustment related to REIT (a) (70,619 ) (63,669 ) (109,294 ) State and local income taxes, net of federal income tax benefit 2,039 1,461 1,193 Book expenses not deductible for tax purposes 4,144 1,926 2,635 Stock-based compensation (1,177 ) 1,090 (121 ) Valuation allowance (b) (1,032 ) 3,813 3,953 Rate change (c) — (80 ) (466 ) Undistributed earnings of foreign subsidiaries (d) (102 ) (393 ) 1,363 Minimum tax credit refundable (e) — — (4,108 ) Deferred tax adjustment due to REIT conversion (f) (17,031 ) — — Other differences, net (g) 2,299 204 (342 ) Income tax expense $ (4,222 ) $ 10,697 $ 9,230 (a) Includes dividend paid deduction of $76,688, $69,818 and $110,442 for the tax years ended December 31, 2019, 2018 and 2017, respectively. (b) For the years ended December 31, 2019, 2018 and 2017, a non-cash valuation allowance of $(1,031), $3,813 and $3,953, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years. (c) Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017. (d) In periods prior to December 31, 2017, the undistributed earnings of our Canadian subsidiaries were designated as permanently reinvested. As of December 31, 2017, however, management did not assert that the undistributed earnings of our Canadian subsidiaries will be permanently reinvested. For the years ended December 31, 2019, 2018 and 2017, we recognized a deferred tax (benefit) charge of $(102), $(393) and $1,363, respectively, for future foreign withholding taxes related to undistributed earnings. (e) Under the TCJA, the corporate alternative minimum tax was repealed and any minimum tax carryforwards not utilized become fully refundable in 2021. The Company does not expect to utilize its minimum tax credit carryforward. As a result, a cash benefit of $4,108 to income tax expense was recorded for the year ended December 31, 2017. (f) (g) Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017. The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below: 2019 2018 Deferred tax assets: Allowance for doubtful accounts $ 499 $ 654 Accrued liabilities not deducted for tax purposes 3,431 7,022 Net operating loss carry forwards 19,522 34,716 Tax credit carry forwards 1,140 320 Charitable contributions carry forward 5 47 Investment in partnerships 382 — Gross deferred tax assets 24,979 42,759 Less: valuation allowance (22,902 ) (23,934 ) Net deferred tax assets 2,077 18,825 Deferred tax liabilities: Intangibles (5,898 ) (6,565 ) Investment in partnerships — (31,746 ) Property, plant and equipment (701 ) (366 ) Undistributed earnings of foreign subsidiaries (1,191 ) (882 ) Gross deferred tax liabilities (7,790 ) (39,559 ) Net deferred tax liabilities $ (5,713 ) $ (20,734 ) As of December 31, 2019, we have approximately $244,121 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $47,358 is subject to Internal Revenue Code §382 limitation but will be available to be fully utilized by no later than 2027. These carry forwards expire between 2026 through 2037. In addition, we have $2,745 of various credits available to offset future U.S. federal income tax. Under the TCJA, the corporate alternative minimum tax was repealed and any minimum tax credit carryforwards not utilized become fully refundable in 2021. We do not expect to utilize our minimum tax credit of $2,054 before 2021. As of December 31, 2019, we have approximately $831,791 of state net operating loss carry forwards before valuation allowances. These state net operating losses are available to reduce future taxable income and expire at various times and amounts. In addition, we have $135 of various credits available to offset future state income tax. There was no valuation allowance related to state net operating loss carry forwards as of December 31, 2019 and 2018. There were no net changes in the total state valuation allowance for the years ended December 31, 2019 and 2018. As of December 31, 2019, we had approximately $48,135 of Puerto Rico net operating loss carry forwards before valuation allowances. These Puerto Rico net operating losses are available to offset future taxable income. These carry forwards expire between 2020 and 2028. In addition, we have $153 of alternative minimum tax credits available to offset future Puerto Rico income tax. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those jurisdictions during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income, and tax-planning strategies in making this assessment. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income before the expiration of the carry forwards governed by the tax code. Based on the current level of pretax earnings, the Company will not generate the minimum amount of future taxable income to support the realization of the deferred tax assets. As a result, management has determined that a valuation allowance related to Puerto Rico net operating loss carry forwards and other deferred tax assets is necessary. The valuation allowance for these deferred tax assets as of December 31, 2019 and 2018 was $22,902 and $23,934, respectively. The net change in the total valuation allowance for the years ended December 31, 2019 and 2018 was an increase (decrease) of $(1,032) and $3,814, respectively. The amount of the deferred tax asset considered realizable, however, could be adjusted in the near term if estimates of future taxable income during the carry forward period increase. As of December 31, 2019, the Company has accumulated undistributed earnings generated by our foreign subsidiaries of approximately $23,811. Management does not designate these earnings as permanently reinvested and has recognized a deferred tax liability of approximately $1,191 related to foreign withholding taxes on these earnings. We have recognized a current year tax expense of $180 related to 2019 earnings and a tax benefit of $(170) related to prior year earnings repatriated in 2019. Under ASC 740 Income Taxes Balance as of December 31, 2017 $ 2,067 Additions for tax positions related to current year 932 Additions for tax positions related to prior years 238 Reductions for tax positions related to prior years — Lapse of statute of limitations (30 ) Settlements — Balance as of December 31, 2018 $ 3,207 Additions for tax positions related to current year 974 Additions for tax positions related to prior years 386 Reductions for tax positions related to prior years — Lapse of statute of limitations (117 ) Settlements — Balance as of December 31, 2019 $ 4,450 Included in the balance of unrecognized benefits at December 31, 2019 is $4,450 of tax benefits that, if recognized in future periods, would impact our effective tax rate. During the years ended December 31, 2019 and 2018, we recognized interest and penalties of $334 and $411, respectively, as a component of income tax expense in connection with our liabilities related to uncertain tax positions. Within the next twelve months, we expect to decrease our unrecognized tax benefits by approximately $970 as a result of the expiration of statute of limitations. We are subject to income taxes in the U.S. and nearly all states. In addition, the Company is subject to income taxes in Canada and the Commonwealth of Puerto Rico. We are no longer subject to U.S federal income tax examinations by tax authorities for years prior to 2016, or for any U.S. state income tax audit prior to 2013. With respect to Canada and Puerto Rico, we are no longer subject to income tax audits for years before 2016 and 2015, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions	(13) Related Party Transactions Affiliates, as used within these statements, are persons or entities that are affiliated with Lamar Advertising Company or its subsidiaries through common ownership and directorate control. The Company had receivables from employees of $80 at December 31, 2018. There were no receivables from employees at December 31, 2019. These receivables are primarily relocation loans for employees. The Company does not have any receivables from its current executive officers. RTC Holdings, LLC (“RTC”), a telecommunications company, is 100% owned by entities owned by members of the Reilly family. Entities owned by Sean E. Reilly, Chief Executive Officer of the Company; Kevin P. Reilly, Jr., Chairman of the Board of Directors and President of the Company; and members of their respective immediate families hold a majority stake in RTC of approximately 89%. The Reilly Family, LLC, which is owned by Sean E. Reilly, Kevin P. Reilly, Jr., our directors Anna Reilly and Wendell Reilly, and entities owned by each of them and members of their respective immediate families, holds the remaining minority stake in RTC of approximately 11%. On May 31, 2019, RTC acquired EATELCORP, LLC (“EATEL”) and its subsidiaries. EATEL provides phone and internet services to consumers and businesses in Louisiana. EATEL also provides data back-up and recovery services to businesses. During the year ended December 31, 2019, the Company was a customer of EATEL for data back-up and recovery services. The aggregate amount paid by the Company to EATEL for such services was $302 for the year ended December 31, 2019. The Company was also contracted by EATEL to provide advertising services in the aggregate amount of $137 for the year ended December 31, 2019.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Related Party Transactions	(6) Related Party Transactions Affiliates, as used within these statements, are persons or entities that are affiliated with Lamar Media Corp. or its subsidiaries through common ownership and directorate control. As of December 31, 2019 and 2018, there was a payable to Lamar Advertising Company, its parent, in the amount of $4,779 and $5,571, respectively. Effective December 31, 2019 and 2018, Lamar Advertising Company contributed $69,822 and $89,967, respectively, to Lamar Media which resulted in an increase in Lamar Media’s additional paid-in capital.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	(14) Stockholders’ Equity On July 16, 1999, the Board of Directors designated 5,720 shares of the 1,000,000 shares of previously undesignated preferred stock, par value $.001, as Series AA preferred stock, which shares were subsequently exchanged on a one for one basis in the REIT conversion. The Series AA preferred stock ranks senior to the Class A common stock and Class B common stock with respect to dividends and upon liquidation. Holders of Series AA preferred stock are entitled to receive, on a pari passu basis, dividends at the rate of $15.95 per share per quarter when, as and if declared by the Board of Directors. The Series AA preferred stock is entitled to receive, on a pari passu basis, $638 plus a further amount equal to any dividend accrued and unpaid to the date of distribution before any payments are made or assets distributed to the Class A common stock or Class B stock upon voluntary or involuntary liquidation, dissolution or winding up of the Company. The liquidation value of the outstanding Series AA preferred stock at December 31, 2019 was $3,649. The Series AA preferred stock is entitled to one vote per share. All of the outstanding shares of common stock are fully paid and nonassessable. In the event of the liquidation or dissolution of the Company, following any required distribution to the holders of outstanding shares of preferred stock, the holders of common stock are entitled to share pro rata in any balance of the corporate assets available for distribution to them. The Company may pay dividends if, when and as declared by the Board of Directors from funds legally available therefore, subject to the restrictions set forth in the Company’s existing indentures and the senior credit facility. Subject to the preferential rights of the holders of any class of preferred stock, holders of shares of common stock are entitled to receive such dividends as may be declared by the Company’s Board of Directors out of funds legally available for such purpose. No dividend may be declared or paid in cash or property on any share of either class of common stock unless simultaneously the same dividend is declared or paid on each share of the other class of common stock, provided that, in the event of stock dividends, holders of a specific class of common stock shall be entitled to receive only additional shares of such class. The rights of the Class A and Class B common stock are equal in all respects, except holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class A common stock have one vote per share on such matters. The Class B common stock will convert automatically into Class A common stock upon the sale or transfer to persons other than permitted transferees (as defined in the Company’s certificate of incorporation, as amended). 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 December 31, 2019, 842,412 shares of our Class A Common Stock have been sold under the Sales Agreement and accordingly $336,668 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. During the year ended December 31, 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. There were no shares issued under this shelf registration during the year ended December 31, 2019.

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation Plans	(15) Stock Compensation Plans Equity Incentive Plan. Lamar’s 1996 Equity Incentive Plan, as amended, (the “1996 Plan”) has reserved 17.5 million shares of common stock for issuance to directors and employees, including options granted and common stock reserved for issuance under its performance-based incentive program. Options granted under the 1996 Plan expire ten years from the grant date with vesting terms ranging from three to five years which primarily includes 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. In February 2013, the 1996 Plan was amended to eliminate the provision that limited the amount of Class A common stock, including shares retained from an award, that could be withheld to satisfy tax withholding obligations to the minimum tax obligations required by law (except with respect to option awards). In accordance with ASC 718, Compensation – Stock Compensation 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 highly subjective assumptions, including expected term and expected volatility. We have reviewed our historical pattern of option exercises and have determined that meaningful differences in option exercise activity existed among vesting schedules. Therefore, for all stock options granted after January 1, 2006, we have categorized these awards into two groups of vesting 1) 5-year cliff vest and 2) 4-year graded vest, for valuation purposes. We have determined there were no meaningful differences in employee activity under our ESPP due to the nature of the plan. We estimate the expected term of options granted using an implied life derived from the results of a hypothetical mid-point settlement scenario, which incorporates our historical exercise, expiration and post-vesting employment termination patterns, while accommodating for partial life cycle effects. We believe these estimates will approximate future behavior. We estimate the expected volatility of our Class A common stock at the grant date using a blend of 90% historical volatility of our Class A common stock and 10% implied volatility of publicly traded options with maturities greater than six months on our Class A common stock as of the option grant date. Our decision to use a blend of historical and implied volatility was based upon the volume of actively traded options on our common stock and our belief that historical volatility alone may not be completely representative of future stock price trends. Our risk-free interest rate assumption is determined using the Federal Reserve nominal rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the award being valued. We assumed an expected dividend yield of 5%. We estimate option forfeitures at the time of grant and periodically revise those estimates in subsequent periods if actual forfeitures differ from those estimates. We record stock-based compensation expense only for those awards expected to vest using an estimated forfeiture rate based on our historical forfeiture data. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used: Grant Year Dividend Yield Expected Volatility Risk Free Interest Rate Expected Lives 2019 5% 46% 2% 6 2018 5% 46% 2% 6 2017 5% 45% 2% 6 Information regarding the 1996 Plan for the year ended December 31, 2019 is as follows: Shares Weighted Average Exercise Price Weighted Average Contractual Life Outstanding, beginning of year 836,859 $ 49.65 Granted 117,000 76.92 Exercised (340,684 ) 43.98 Forfeited (4,800 ) 61.23 Expired — — Outstanding, end of year 608,375 57.97 5.71 Exercisable at end of year 401,375 50.64 4.31 At December 31, 2019 there was $3,173 of unrecognized compensation cost related to stock options granted which is expected to be recognized over a weighted-average period of 1.77 years. Shares available for future stock option and restricted share grants to employees and directors under existing plans were 2,669,471 at December 31, 2019. The aggregate intrinsic value of options outstanding as of December 31, 2019 was $19,034, and the aggregate intrinsic value of options exercisable was $15,502. Total intrinsic value of options exercised was $12,433 for the year ended December 31, 2019. Stock Purchase Plan. Lamar Advertising’s 2009 Employee Stock Purchase Plan (the “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 85,162 shares on January 1, 2019 pursuant to the automatic increase provisions of the 2009 ESPP. The 2009 ESPP expired by its terms on June 30, 2019. On May 30, 2019, our shareholders approved Lamar Advertising’s 2019 Employee Stock Purchase Plan (the “2019 ESPP”). The 2019 ESPP became effective upon the expiration of the 2009 ESPP. The number of shares of Class A common stock available for issuance under the 2019 ESPP consists of (1) 300,000 shares of Class A common stock and (2) any shares of Class A common stock available for future purchase under the 2009 ESPP at June 30, 2019. The following is a summary of 2009 and 2019 ESPP share activity for the year ended December 31, 2019: Shares Available for future purchases, January 1, 2019 183,244 Additional shares reserved under 2009 ESPP 85,162 Additional shares reserved under 2019 ESPP 300,000 Purchases (129,972 ) Available for future purchases, December 31, 2019 438,434 Performance-based compensation. Unrestricted shares of our Class A common stock may be awarded to key officers and employees under our 1996 Plan based on certain Company performance measures for fiscal year 2019. The number of shares to be issued, if any, are dependent on the level of achievement of these performance measures as determined by the Company’s Compensation Committee based on our 2019 results and were issued in the first quarter of 2020. 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. Based on the Company’s performance measures achieved through December 31, 2019, the Company has accrued $22,838 as compensation expense related to these agreements.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Benefit Plans	(16) Benefit Plans The Company sponsors a partially self-insured group health insurance program. The Company is obligated to pay all claims under the program, which are in excess of premiums, up to program limits. The Company is also self-insured with respect to its income disability benefits and against casualty losses on advertising structures. Amounts for expected losses, including a provision for losses incurred but not reported, is included in accrued expenses in the accompanying consolidated financial statements. As of December 31, 2019, the Company maintained $8,091 in letters of credit with a bank to meet requirements of the Company’s worker’s compensation and general liability insurance carrier. Savings and Profit Sharing Plan The Company sponsors The Lamar Corporation Savings and Profit Sharing Plan covering eligible employees who have completed one year of service and are at least 21 years of age. The Company has the option to match 50% of employees’ contributions up to 5% of eligible compensation. Employees can contribute up to 100% of compensation. Full vesting on the Company’s matched contributions occurs after three years for contributions made after January 1, 2002. Annually, at the Company’s discretion, an additional profit sharing contribution may be made on behalf of each eligible employee. The Company matched contributions of $5,688, $4,966 and $4,715 for the years ended December 31, 2019, 2018 and 2017, respectively. Deferred Compensation Plan The Company sponsors a Deferred Compensation Plan for the benefit of certain of its board-elected officers who meet specific age and years of service and other criteria. Officers that have attained the age of 30 and have a minimum of 10 years of service to the Company and satisfy additional eligibility guidelines are eligible for annual contributions to the plan generally ranging from $3 to $8, depending on the employee’s length of service. The Company’s contributions to the plan are maintained in a rabbi trust and, accordingly, the assets and liabilities of the plan are reflected in the balance sheet of the Company in other assets and other liabilities. Upon termination, death or disability, participating employees are eligible to receive an amount equal to the fair market value of the assets in the employee’s deferred compensation account. For the years ended December 31, 2019, 2018 and 2017, the Company contributed $1,675, $1,585 and $1,526, respectively. On December 8, 2005, the Company’s Board of Directors approved an amendment to the Lamar Deferred Compensation Plan in order to (1) to comply with the requirements of Section 409A of the Internal Revenue Code (“Section 409A”) applicable to deferred compensation and (2) to reflect changes in the administration of the plan. The Company’s Board of Directors also approved the adoption of a grantor trust pursuant to which amounts may be set aside, but remain subject to claims of the Company’s creditors, for payments of liabilities under the new plan, including amounts contributed under the old plan. The plan was further amended in August 2007 to make certain amendments to reflect Section 409A regulations issued on April 10, 2007. An additional clarifying amendment was made to the plan in December 2013.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitment and Contingencies	(17) Commitment and Contingencies Off balance sheet arrangements Our off-balance sheet commitments consist of guaranteed minimum payments to local transit municipalities and airport authorities for agreements which entitle us to rent advertising space to customers, in airports and on buses, benches or shelters. These agreements no longer meet the criteria of a lease under ASC 842, Leases 2020 $ 20,621 2021 $ 16,965 2022 $ 16,702 2023 $ 15,614 2024 $ 14,624 Thereafter $ 1,289 Legal matters The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity.

Distribution Restrictions

Distribution Restrictions	12 Months Ended
	Dec. 31, 2019
Distribution Restrictions [Abstract]
Distribution Restrictions	(18) 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 December 31, 2019 and 2018, 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 $3,389,763 and $3,156,061, respectively. As of December 31, 2019, 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 December 31, 2019, 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 December 31, 2019, 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 $2,140,441.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(19) Fair Value of Financial Instruments At December 31, 2019 and 2018, 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. Investments and initial recognition of asset retirement obligations 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 $3,064,068, which is greater than both the gross and carrying amount of $3,004,532 as of December 31, 2019. 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).

Information about Geographic Ar

Information about Geographic Areas	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Information about Geographic Areas	(20) Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $34,517, $35,146 and $33,424 for the years ended December 31, 2019, 2018 and 2017, respectively. Net carrying value of long lived assets located in foreign countries totaled $4,549 and $2,387 as of December 31, 2019 and 2018, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Pronouncements	(21) New Accounting Pronouncements Leases In February 2016, the FASB established Topic 842, Leases Land Easement Practical Expedient for Transition to Topic 842 Codification Improvements to Topic 842 Leases Targeted Improvements We adopted the new standard effective January 1, 2019 using a modified retrospective transition approach, applying the new standard to all leases existing at the date of initial application. An entity was permitted to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. If an entity chooses the second option, the transition requirements for existing leases also apply to leases entered into between the date of initial application and the effective date. The entity must also recast its comparative period financial statements and provide the disclosures required by the new standard for the comparative periods. Consequently, financial information was not updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The new standard provided a number of optional practical expedients in transition. We elected the ‘package of practical expedients’, which permitted us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We elected the practical expedient pertaining to land easements. We also elected the short-term lease recognition exemption for certain of our vehicle agreements. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities. Upon adoption, we recognized additional operating liabilities of $1.2 billion, with corresponding ROU assets of the same amount based on the present value of the remaining minimum rental payments under current leasing standards for our existing operating leases. In addition to the increase to the operating lease liabilities and right-of-use assets, Topic 842 also resulted in reclassifying the presentation of prepaid and deferred rent to operating lease right-of-use assets. Other recently released pronounceme nts In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. In November 2018, the FASB issued ASU No. 2018-18, Collaborative Arrangements (Topic 808). In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments (“CECL”)

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Data (Unaudited)	(22) Quarterly Financial Data (Unaudited) The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2019 and 2018. Year 2019 Quarters March 31 June 30 September 30 December 31 Net revenues $ 384,457 $ 448,742 $ 457,786 $ 462,659 Net revenues less direct advertising expenses $ 243,987 $ 302,352 $ 308,940 $ 308,287 Net income applicable to common stock $ 51,162 $ 118,305 $ 99,618 $ 102,661 Net income per common share basic $ 0.51 $ 1.18 $ 0.99 $ 1.02 Net income per common share diluted $ 0.51 $ 1.18 $ 0.99 $ 1.02 Year 2018 Quarters March 31 June 30 September 30 December 31 Net revenues $ 361,026 $ 419,800 $ 418,498 $ 427,898 Net revenues less direct advertising expenses $ 222,733 $ 279,016 $ 277,799 $ 285,826 Net income applicable to common stock $ 14,961 $ 100,340 $ 93,965 $ 95,601 Net income per common share basic $ 0.15 $ 1.02 $ 0.95 $ 0.97 Net income per common share diluted $ 0.15 $ 1.02 $ 0.95 $ 0.96
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Quarterly Financial Data (Unaudited)	(7) Quarterly Financial Data (Unaudited) The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2019 and 2018. Year 2019 Quarters March 31 June 30 September 30 December 31 Net revenues $ 384,457 $ 448,742 $ 457,786 $ 462,659 Net revenues less direct advertising expenses $ 243,987 $ 302,352 $ 308,940 $ 308,287 Net income $ 51,362 $ 118,485 $ 99,832 $ 102,861 Year 2018 Quarters March 31 June 30 September 30 December 31 Net revenues $ 361,026 $ 419,800 $ 418,498 $ 427,898 Net revenues less direct advertising expenses $ 222,733 $ 279,016 $ 277,799 $ 285,826 Net income $ 15,158 $ 100,520 $ 94,165 $ 95,788

Divestiture of Assets

Divestiture of Assets	12 Months Ended
	Dec. 31, 2019
Assets Of Disposal Group Including Discontinued Operation [Abstract]
Divestiture of Assets	(23) 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 $9,250 due April 2024. The Company recorded a loss on the sale of $7,809 for the year ended December 31, 2018. There were no significant divestitures of assets for the year ended December 31, 2019.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	(24) Subsequent Events On February 6, 2020, Lamar Media completed a refinancing transaction involving (i) the issuance of an additional $1,000,000 in aggregate principal amount of new senior notes, consisting of $600,000 in aggregate principal amount of 3 3/4 (i) a new $750,000 senior secured revolving credit facility, (ii) a new $600,000 Term B loan facility (the “new Term B loans”), and (iii) an incremental facility pursuant to which Lamar Media may incur additional term loan tranches or increase its revolving credit facility subject to a pro forma secured debt ratio. Lamar Media borrowed all $600,000 of the new Term B loans on February 6, 2020. Proceeds from the refinancing transactions, after the payment of fees and expenses, were used to (1) redeem Lamar Media’s 5 3/8

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2019
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Valuation and Qualifying Accounts Years Ended December 31, 2019, 2018 and 2017 (In thousands) Balance at Beginning of Period Charged to Costs and Expenses Deductions Balance at End of Period Year ended December 31, 2019 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 11,161 11,608 9,584 $ 13,185 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 23,934 — 1,032 $ 22,902 Year ended December 31, 2018 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 10,055 8,472 7,366 $ 11,161 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 20,120 3,814 — $ 23,934 Year ended December 31, 2017 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 9,356 6,762 6,063 $ 10,055 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 16,167 3,953 — $ 20,120
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II LAMAR MEDIA CORP. AND SUBSIDIARIES Valuation and Qualifying Accounts Years Ended December 31, 2019, 2018 and 2017 (In thousands) Balance at Beginning of Period Charged to Costs and Expenses Deductions Balance at End of Period Year ended December 31, 2019 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 11,161 11,608 9,584 $ 13,185 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 23,934 — 1,032 $ 22,902 Year ended December 31, 2018 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 10,055 8,472 7,366 $ 11,161 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 20,120 3,814 — $ 23,934 Year ended December 31, 2017 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 9,356 6,762 6,063 $ 10,055 Deducted in balance sheet from deferred tax assets: Valuation allowance $ 16,167 3,953 — $ 20,120

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
Schedule III - Real Estate and Accumulated Depreciation	LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2019, 2018 and 2017 (In thousands) Description (1) Encumbrances Initial Cost (2) Gross Carrying Amount (3) Accumulated Depreciation Construction Date Acquisition Date Useful Lives 391,456 Displays — — $ 3,333,590 $ (2,166,579 ) Various Various 5 to 20 years (1) No single asset exceeded 5% of the total gross carrying amount at December 31, 2019 (2) This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3) Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation. December 31, December 31, December 31, 2019 2018 2017 Gross real estate assets: Balance at the beginning of the year $ 3,201,434 $ 3,074,046 $ 2,998,540 Capital expenditures on new advertising displays (4) 59,604 54,151 49,946 Capital expenditures on improvements/redevelopments of existing advertising displays 25,025 12,781 6,265 Capital expenditures other recurring 36,354 34,758 32,523 Land acquisitions (6) 22,965 15,368 14,904 Acquisition of advertising displays (5) (6) 23,589 82,617 32,109 Assets sold or written-off (35,320 ) (70,494 ) (61,306 ) Foreign exchange (61 ) (1,793 ) 1,065 Balance at the end of the year $ 3,333,590 $ 3,201,434 $ 3,074,046 Accumulated depreciation: Balance at the beginning of the year $ 2,082,335 $ 2,025,251 $ 1,973,958 Depreciation 111,531 106,700 102,494 Assets sold or written-off (27,890 ) (48,488 ) (51,976 ) Foreign exchange 603 (1,128 ) 775 Balance at the end of the year $ 2,166,579 $ 2,082,335 $ 2,025,251 (4) Includes non-cash amounts of $554, $446 and $921 at December 31, 2019, 2018 and 2017, respectively (5) Includes non-cash amounts of $1,928, $7,199 and $3,043 at December 31, 2019, 2018 and 2017, respectively (6) Includes preliminary allocation of assets acquired from Fairway at December 31, 2018
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Schedule III - Real Estate and Accumulated Depreciation	LAMAR MEDIA CORP. AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2019, 2018 and 2017 (In thousands) Description (1) Encumbrances Initial Cost (2) Gross Carrying Amount (3) Accumulated Depreciation Construction Date Acquisition Date Useful Lives 391,456 Displays — — $ 3,333,590 $ (2,166,579 ) Various Various 5 to 20 years (1) No single asset exceeded 5% of the total gross carrying amount at December 31, 2019 (2) This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3) Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation. December 31, 2019 December 31, 2018 December 31, 2017 Gross real estate assets: Balance at the beginning of the year $ 3,201,434 $ 3,074,046 $ 2,998,540 Capital expenditures on new advertising displays (4) 59,604 54,151 49,946 Capital expenditures on improvements/redevelopments of existing advertising displays 25,025 12,781 6,265 Capital expenditures other recurring 36,354 34,758 32,523 Land acquisitions (6) 22,965 15,368 14,904 Acquisition of advertising displays (5)(6) 23,589 82,617 32,109 Assets sold or written-off (35,320 ) (70,494 ) (61,306 ) Foreign exchange (61 ) (1,793 ) 1,065 Balance at the end of the year $ 3,333,590 $ 3,201,434 $ 3,074,046 Accumulated depreciation: Balance at the beginning of the year $ 2,082,335 $ 2,025,251 $ 1,973,958 Depreciation 111,531 106,700 102,494 Assets sold or written-off (27,890 ) (48,488 ) (51,976 ) Foreign exchange 603 (1,128 ) 775 Balance at the end of the year $ 2,166,579 $ 2,082,335 $ 2,025,251 (4) Includes non-cash amounts of $554, $446 and $921 at December 31, 2019, 2018 and 2017, respectively (5) Includes non-cash amounts of $1,928, $7,199 and $3,043 at December 31, 2019, 2018 and 2017, respectively (6) Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

Summarized Financial Informatio

Summarized Financial Information of Subsidiaries	12 Months Ended
	Dec. 31, 2019
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summarized Financial Information of Subsidiaries	(8) 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. Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 13,859 $ 53,756 $ 242,054 $ — $ 309,669 Net property, plant and equipment — 1,340,675 8,440 — 1,349,115 Operating lease right of use assets — 1,293,674 27,105 — 1,320,779 Intangibles and goodwill, net — 2,875,644 18,255 — 2,893,899 Other assets 4,193,629 229,905 184,805 (4,557,380 ) 50,959 Total assets $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 51,480 $ 34 $ 175,000 $ — $ 226,514 Current operating lease liabilties — 189,071 7,770 — 196,841 Other current liabilities 26,960 196,689 19,845 — 243,494 Total current liabilities 78,440 385,794 202,615 — 666,849 Long-term debt 2,753,570 34 — — 2,753,604 Operating lease liabilities — 1,049,220 18,961 — 1,068,181 Other noncurrent liabilities 205,947 231,416 250,859 (421,966 ) 266,256 Total liabilities 3,037,957 1,666,464 472,435 (421,966 ) 4,754,890 Stockholders’ equity 1,169,531 4,127,190 8,224 (4,135,414 ) 1,169,531 Total liabilities and stockholders’ equity $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421 Condensed Consolidating Balance Sheet as of December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 4,653 $ 121,549 $ 236,967 $ — $ 363,169 Net property, plant and equipment — 1,289,348 5,700 — 1,295,048 Intangibles and goodwill, net — 2,804,915 19,304 — 2,824,219 Other assets 4,056,288 230,504 184,247 (4,425,589 ) 45,450 Total assets $ 4,060,941 $ 4,446,316 $ 446,218 $ (4,425,589 ) $ 4,527,886 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 29,086 $ 34 $ 175,000 $ — $ 204,120 Other current liabilities 27,067 204,103 14,578 — 245,748 Total current liabilities 56,153 204,137 189,578 — 449,868 Long-term debt 2,684,500 68 — — 2,684,568 Other noncurrent liabilities 200,092 246,312 251,835 (424,985 ) 273,254 Total liabilities 2,940,745 450,517 441,413 (424,985 ) 3,407,690 Stockholders’ equity 1,120,196 3,995,799 4,805 (4,000,604 ) 1,120,196 Total liabilities and stockholders’ equity $ 4,060,941 $ 4,446,316 $ 446,218 $ (4,425,589 ) $ 4,527,886 Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,709,691 $ 46,804 $ (2,851 ) $ 1,753,644 Operating expenses Direct advertising expenses (1) — 564,877 28,052 (2,851 ) 590,078 General and administrative expenses (1) — 310,813 7,567 — 318,380 Corporate expenses (1) — 82,652 1,577 — 84,229 Depreciation and amortization — 247,191 2,837 — 250,028 Gain on disposition of assets — (3,103 ) (4,138 ) — (7,241 ) — 1,202,430 35,895 (2,851 ) 1,235,474 Operating income — 507,261 10,909 — 518,170 Equity in (earnings) loss of subsidiaries (517,516 ) — — 517,516 — Interest expense (income), net 144,976 (149 ) 5,025 — 149,852 Income (loss) before income tax expense 372,540 507,410 5,884 (517,516 ) 368,318 Income tax (benefit) expense (2) — (7,360 ) 3,138 — (4,222 ) Net income (loss) $ 372,540 $ 514,770 $ 2,746 $ (517,516 ) $ 372,540 Statement of Comprehensive Income Net income (loss) $ 372,540 $ 514,770 $ 2,746 $ (517,516 ) $ 372,540 Total other comprehensive income, net of tax — — 673 — 673 Total comprehensive income (loss) $ 372,540 $ 514,770 $ 3,419 $ (517,516 ) $ 373,213 (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 Income and Comprehensive Income for the Year Ended December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,579,619 $ 50,352 $ (2,749 ) $ 1,627,222 Operating expenses Direct advertising expenses (1) — 537,269 27,307 (2,728 ) 561,848 General and administrative expenses (1) — 280,874 8,554 — 289,428 Corporate expenses (1) — 80,861 1,636 — 82,497 Depreciation and amortization — 219,341 5,920 — 225,261 (Gain) loss on disposition of assets — (576 ) 7,809 — 7,233 — 1,117,769 51,226 (2,728 ) 1,166,267 Operating income (loss) — 461,850 (874 ) (21 ) 460,955 Equity in (earnings) loss of subsidiaries (450,791 ) — — 450,791 — Interest expense (income), net 129,731 (99 ) (413 ) (21 ) 129,198 Other expenses 15,429 — — — 15,429 Income (loss) before income tax expense 305,631 461,949 (461 ) (450,791 ) 316,328 Income tax expense (2) — 7,879 2,818 — 10,697 Net income (loss) $ 305,631 $ 454,070 $ (3,279 ) $ (450,791 ) $ 305,631 Statement of Comprehensive Income Net income (loss) $ 305,631 $ 454,070 $ (3,279 ) $ (450,791 ) $ 305,631 Total other comprehensive loss, net of tax — — (1,290 ) — (1,290 ) Total comprehensive income (loss) $ 305,631 $ 454,070 $ (4,569 ) $ (450,791 ) $ 304,341 (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 Income and Comprehensive Income for the Year Ended December 31, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,494,275 $ 51,332 $ (4,347 ) $ 1,541,260 Operating expenses Direct advertising expenses (1) — 512,247 31,277 (2,644 ) 540,880 General and administrative expenses (1) — 266,798 9,431 — 276,229 Corporate expenses (1) — 60,830 1,132 — 61,962 Depreciation and amortization — 201,424 9,680 — 211,104 (Gain) loss on disposition of assets — (5,704 ) 1,040 — (4,664 ) — 1,035,595 52,560 (2,644 ) 1,085,511 Operating income (loss) — 458,680 (1,228 ) (1,703 ) 455,749 Equity in (earnings) loss of subsidiaries (446,520 ) — — 446,520 — Interest expense (income), net 128,391 (5 ) 1,707 (1,703 ) 128,390 Other expenses 71 — — — 71 Income (loss) before income tax expense 318,058 458,685 (2,935 ) (446,520 ) 327,288 Income tax expense (2) — 7,069 2,161 — 9,230 Net income (loss) $ 318,058 $ 451,616 $ (5,096 ) $ (446,520 ) $ 318,058 Statement of Comprehensive Income Net income (loss) $ 318,058 $ 451,616 $ (5,096 ) $ (446,520 ) $ 318,058 Total other comprehensive income, net of tax — — 1,926 — 1,926 Total comprehensive income (loss) $ 318,058 $ 451,616 $ (3,170 ) $ (446,520 ) $ 319,984 (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 Statement of Cash Flows for the Year Ended December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 469,907 $ 738,030 $ 6,660 $ (609,657 ) $ 604,940 Cash flows from investing activities: Capital expenditures — (136,696 ) (4,260 ) — (140,956 ) Acquisitions — (226,278 ) — — (226,278 ) Proceeds from disposition of assets and investments — 5,438 — — 5,438 Proceeds received from insurance claims — 210 — — 210 Investment in subsidiaries (226,278 ) — — 226,278 — Decrease in intercompany notes receivable 3,787 — — (3,787 ) — Increase in notes receivable (448 ) — — — (448 ) Net cash (used in) provided by investing activities (222,939 ) (357,326 ) (4,260 ) 222,491 (362,034 ) Cash flows from financing activities: Proceeds received from revolving credit facility 495,000 — — — 495,000 Payment on revolving credit facility (625,000 ) — — — (625,000 ) Principal payments on long-term debt (34,471 ) — — — (34,471 ) Proceeds received from accounts receivable securitization program — — 9,000 — 9,000 Payments on accounts receivable securitization program — — (9,000 ) — (9,000 ) Debt issuance costs (4,463 ) — — — (4,463 ) Proceeds received from note offering 255,000 — — — 255,000 Intercompany loan proceeds (payments) — (702 ) (3,085 ) 3,787 — Distributions to non-controlling interest — — (621 ) — (621 ) Dividends (to) from parent (393,700 ) (609,657 ) — 609,657 (393,700 ) Contributions from (to) parent 69,822 226,278 — (226,278 ) 69,822 Net cash (used in) provided by financing activities (237,812 ) (384,081 ) (3,706 ) 387,166 (238,433 ) Effect of exchange rate changes in cash and cash equivalents — — 221 — 221 Net increase in cash and cash equivalents 9,156 (3,377 ) (1,085 ) — 4,694 Cash and cash equivalents at beginning of period 4,029 11,655 5,310 — 20,994 Cash and cash equivalents at end of period $ 13,185 $ 8,278 $ 4,225 $ — $ 25,688 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 430,896 $ 689,718 $ (17,143 ) $ (566,386 ) $ 537,085 Cash flows from investing activities: Acquisitions — (477,389 ) — — (477,389 ) Capital expenditures — (113,259 ) (4,379 ) — (117,638 ) Proceeds from disposition of assets and investments — 3,839 2,809 — 6,648 Proceeds received from insurance claims — — 4,222 — 4,222 Investment in subsidiaries (498,226 ) — — 498,226 — Decrease in intercompany notes receivable 30,034 — — (30,034 ) — Decrease in notes receivable 9 — — — 9 Net cash (used in) provided by investing activities (468,183 ) (586,809 ) 2,652 468,192 (584,148 ) Cash flows from financing activities: Proceeds received from revolving credit facility 563,000 — — — 563,000 Payment on revolving credit facility (481,000 ) — — — (481,000 ) Principal payments on long-term debt (27,297 ) (31 ) — — (27,328 ) Proceeds received from senior credit facility term loans 599,250 — — — 599,250 Proceeds received from accounts receivable securitization program — — 175,000 — 175,000 Debt issuance costs (7,616 ) — — — (7,616 ) Redemption on senior subordinated notes (509,790 ) — — — (509,790 ) Intercompany loan proceeds (payments) 175,000 (24,688 ) (180,346 ) 30,034 — Distributions to non-controlling interest — — (541 ) — (541 ) Contributions from (to) parent 89,967 498,226 — (498,226 ) 89,967 Dividends (to) from parent (446,744 ) (566,386 ) — 566,386 (446,744 ) Net cash (used in) provided by financing activities (45,230 ) (92,879 ) (5,887 ) 98,194 (45,802 ) Effect of exchange rate changes in cash and cash equivalents — — (1,112 ) — (1,112 ) Net increase in cash and cash equivalents (82,517 ) 10,030 (21,490 ) — (93,977 ) Cash and cash equivalents at beginning of period 86,546 1,625 26,800 — 114,971 Cash and cash equivalents at end of period $ 4,029 $ 11,655 $ 5,310 $ — $ 20,994 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 383,370 $ 602,504 $ 2,174 $ (503,808 ) $ 484,240 Cash flows from investing activities: Acquisitions 3,750 (298,901 ) (2,154 ) — (297,305 ) Capital expenditures — (104,325 ) (5,004 ) — (109,329 ) Proceeds from disposition of assets and investments — 6,053 — — 6,053 Investment in subsidiaries (301,055 ) — — 301,055 — (Increase) decrease in intercompany notes receivable (7,624 ) — — 7,624 — Decrease in notes receivable 515 — — — 515 Net cash (used in) provided by investing activities (304,414 ) (397,173 ) (7,158 ) 308,679 (400,066 ) Cash flows from financing activities: Principal payments on long-term debt (16,993 ) — — — (16,993 ) Payment on revolving credit facility (477,000 ) — — — (477,000 ) Proceeds received from revolving credit facility 495,000 — — — 495,000 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) — — 7,624 (7,624 ) — Distributions to non-controlling interest — — (693 ) — (693 ) Contributions from (to) parent 49,187 298,901 2,154 (301,055 ) 49,187 Dividends (to) from parent (252,925 ) (503,808 ) — 503,808 (252,925 ) Net cash (used in) provided by financing activities (5,172 ) (204,907 ) 9,085 195,129 (5,865 ) Effect of exchange rate changes in cash and cash equivalents — — 1,632 — 1,632 Net increase in cash and cash equivalents 73,784 424 5,733 — 79,941 Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 86,546 $ 1,625 $ 26,800 $ — $ 114,971

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Nature of Business	(a) Nature of Business Lamar Advertising Company (the Company) is engaged in the outdoor advertising business, operating approximately 157,800 billboard advertising displays in 45 states and Canada. The Company’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves. In addition, the Company operates a logo sign business in 24 states throughout the United States and the province of Ontario, Canada and operates approximately 52,800 transit advertising displays in 22 states and Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. The Company operates as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes and generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from advertising rental revenue. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from the assets of its taxable REIT subsidiaries (“TRSs”). In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.
Principles of Consolidation	(b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Advertising Company, its wholly owned subsidiary, Lamar Media Corp. (Lamar Media), and its majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation. An operating segment is a component of an enterprise: • that engages in business activities from which it may earn revenues and incur expenses; • whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and • for which discrete financial information is available. We define the term ‘chief operating decision maker’ to be our executive management group, which consist of our Chief Executive Officer, President and Chief Financial Officer. Currently, all operations are reviewed on a consolidated basis for budget and business plan performance by our executive management group. Additionally, operational performance at the end of each reporting period is viewed in the aggregate by our management group. Any decisions related to changes in invested capital, personnel, operational improvement or training, or to allocate other company resources are made based on the combined results. We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals.
Property, Plant and Equipment	(c) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.
Goodwill and Intangible Assets	(d) Goodwill and Intangible Assets Goodwill is subject to an annual impairment test. The Company designated December 31 as the date of its annual goodwill impairment test. The Company is required to identify its reporting units and determine the carrying value of each reporting unit. The Company has identified two reporting units, Billboard operations and Logo operations, by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units. The Company is required to determine the fair value of each reporting unit and compare it to the carrying amount of the reporting unit. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit, the Company would be required to book an impairment loss. The Co mpany conducts a qualitative assessment by examining relevant events and circumstances which could have a negative impact on the Company’s goodwill, which includes macroeconomic conditions, industry and market conditions, cost factors, overall financial pe rformance, reporting unit dispositions and acquisitions, the market capitalization of the Company and other relevant events specific to the Company. If, after assessing the totality of events or circumstances described above, the Company determines that it is more likely than not that the fair value of either of the Company's reporting units is less than its carrying amount, the Company will perform a quantitative impairment test. If industry and economic conditions deteriorate, the Company may be required to assess goodwill impairment before the next annual test, which could result in impairment charges. The Company performed its annual measurement for impairment of the goodwill of its reporting units and concluded the fair value of each reporting unit exceeded its carrying amount at its annual impairment test date on December 31, 2019 and 2018; therefore, the Company was not required to recognize an impairment loss. Intangible assets, consisting primarily of site locations, customer lists and contracts, and non-competition agreements are amortized using the straight-line method over the assets estimated useful lives, generally from 2 to 15 years.
Impairment of Long-Lived Assets	(e) Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset or asset group before interest expense. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset or asset group. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.
Acquisitions	(f) Acquisitions The Company accounts for transactions that meet the definition of a business and group asset purchases as acquisitions. For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. The determination of the final purchase price and the acquisition-date fair value of identifiable assets acquired and liabilities assumed may extend over more than one period and result in adjustments to the preliminary estimate recognized in the prior period financial statements For transactions that meet the definition of asset group purchases, the Company allocates the purchase price to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition. If a transaction is determined to be a group of assets, any direct acquisition costs are capitalized. Transaction costs for transactions determined to be a business combination are expensed as incurred. The fair value of the assets acquired and liabilities assumed is typically determined by using either estimates of replacement costs or discounted cash flow valuation methods. When determining the fair value of tangible assets acquired, the Company must estimate the cost to replace the asset with a new asset, adjusted for an estimated reduction in fair value due to age of the asset, and the economic useful life. When determining the fair value of intangible assets acquired, the Company must estimate the applicable discount rate and the timing and amount of future cash flows.
Lease Liabilities	(g) Lease liabilities On January 1, 2019, the Company adopted ASC 842, Leases The Company is party to various operating leases for production facilities, vehicles and sites upon which advertising structures are built, including our billboard land leases, leases of logo structures and leases of transit advertising space. The leases expire at various dates, have varying options to renew and cancel, and may contain escalation provisions. We expense our non-vari able lease payments ratably over the lease term. Also, certain of our leases contain variable lease payments based on percentage of revenue or consumer price index or other inflation-based indices. The variable lease costs are expensed in the period incurr ed. The key estimates for our leases include (1) the discount rate used to discount the unpaid lease payment to present value and (2) lease term. Our leases generally do not include a readily determinable implicit rate, therefore, using a portfolio approach, we determine our collateralized incremental borrowing rate to discount the lease payment based on the information available at lease commencement. Our lease terms include the noncancellable period of the lease plus any additional periods covered by either a Company option to extend (or not to terminate) the lease that the Company is reasonably certain to exercise, or an option to extend the lease controlled by the lessor. The Company has determined we are not reasonably certain to exercise renewals or termination options, and as a result we use the lease’s initial stated term as the lease term for our lease population.
Deferred Income	(h) Deferred Income Deferred income consists principally of advertising revenue invoiced in advance. Deferred advertising revenue is recognized in income over the term of the contract.
Revenue Recognition	(i) Revenue Recognition The Company recognizes outdoor advertising revenue on an accrual basis ratably over the term of the contracts. Production revenue and the related expense for the advertising copy are recognized upon satisfaction of its performance obligation. The Company engages in barter transactions where the Company trades advertising space for goods and services. The Company recognizes revenues and expenses from barter transactions at fair value, which is determined based on the Company’s own historical practice of receiving cash for similar advertising space from buyers unrelated to the party in the barter transaction. The amount of revenue and expense recognized for advertising barter transactions is as follows: 2019 2018 2017 Net revenues $ 9,636 $ 8,955 $ 8,469 Direct advertising expenses $ 3,982 $ 3,633 $ 3,603 General and administrative expenses $ 4,986 $ 4,758 $ 4,332
Income Taxes	(j) Income Taxes As a REIT, the Company is generally not subject to federal income taxes on income and gains distributed to the Company’s stockholders. However, the Company remains obligated to pay income taxes on earnings from domestic TRSs. In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or where those operations are conducted, including those designated as Qualified REIT Subsidiaries, or QRSs, for federal income tax purposes. Accordingly, the consolidated financial statements reflect provisions for federal, state, local and foreign income taxes. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, as well as operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities as a result of a change in tax rates is recognized in income in the period that includes the enactment date.
Dividends/Distributions	(k) Dividends/Distributions As a REIT, the Company must annually distribute to its stockholders an amount equal to at least 90% of its REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain). During the year ended December 31, 2019, the Company declared and paid distributions of its REIT taxable income of $384,817 or $3.84 per share. During the year ended December 31, 2018, the Company paid cash distributions of its REIT taxable income in an aggregate amount of $442,632 or $4.48 per share. The distributions paid during 2018 include distributions declared and accrued as of December 31, 2017 of $81,534 or $0.83 per share. During the year ended December 31, 2017, the Company declared distributions of $325,462 or $3.32 per share, including paid distributions 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 the 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 its existing and future debt instruments, the Company’s ability to utilize net operating losses (“NOLs”) to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its TRSs and other factors that the Board of Directors may deem relevant. During the year ended December 31, 2019, the Company paid dividend distributions to holders of its Series AA Preferred Stock of $365 or $63.80 per share. During the year ended December 31, 2018, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $456 or $79.75 per share, including $91, or $15.95 per share, related to distributions accrued for in 2017. During the year ended December 31, 2017 the Company paid cash dividend distributions to holders of its Series AA Preferred Stock of $274 or $47.85 per share.
Earnings Per Share	(l) 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. For the years ended December 31, 2019, 2018 and 2017 there were no dilutive shares excluded from the calculation.
Share Based Compensation	(m) Stock Based Compensation Compensation expense for share-based awards is recognized based on the grant date fair value of those awards. Stock-based compensation expense includes an estimate for pre-vesting forfeitures and is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. Non-cash compensation expense recognized during the years ended December 31, 2019, 2018, and 2017 were $29,647, $29,443 and $9,599, respectively. The $29,647 expensed during the year ended December 31, 2019 consists of (i) $4,226 related to stock options and the employee stock purchase plan, (ii) $25,005 related to stock grants made under the Company’s performance-based stock incentive program in 2019 and (iii) $416 related to stock awards to directors. See Note 15 for information on the assumptions used to calculate the fair value of stock-based compensation.
Cash and Cash Equivalents	(n) Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.
Foreign Currency Translation	(o) Foreign Currency Translation Local currencies generally are considered the functional currencies outside the United States. Assets and liabilities for operations in local-currency environments are translated at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are recorded as a component of other comprehensive income (loss) in the Consolidated Statements of Income and Comprehensive Income and as a component of accumulated comprehensive income (loss) in the Consolidated Statements of Stockholders’ Equity.
Asset Retirement Obligations	(p) Asset Retirement Obligations The Company is required to record the fair value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The liability is capitalized as part of the related long-lived asset’s carrying amount. Over time, accretion of the liability is recognized as an operating expense and the capitalized cost is depreciated over the expected useful life of the related asset. The Company’s asset retirement obligations relate primarily to the dismantlement, removal, site reclamation and similar activities of its leased properties.
Use of Estimates	(q) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Comprehensive Income	(r) Comprehensive Income Total comprehensive income is presented in the Consolidated Statements of Income and Comprehensive Income and the components of accumulated comprehensive income (loss) are presented in the Consolidated Statements of Stockholders’ Equity. Comprehensive income (loss) is composed of foreign currency translation effects.
Fair Value Measurements	(s) Fair Value Measurements The Company determines the fair value of its financial instruments using the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
Subsequent Events	(t) Subsequent Events The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Nature of Business	(a) Nature of Business Lamar Media Corp. (“Lamar Media”) is a wholly owned subsidiary of Lamar Advertising Company. Lamar Media is engaged in the outdoor advertising business operating approximately 157,800 outdoor advertising displays in 45 states and Canada. Lamar Media’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves. In addition, Lamar Media operates a logo sign business in 24 states throughout the United States as well as the province of Ontario, Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. Certain footnotes are not provided for the accompanying financial statements as the information in notes 2, 3, 5, 7, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23 and 24 and portions of note 1 to the consolidated financial statements of Lamar Advertising Company included elsewhere in this filing are substantially equivalent to that required for the consolidated financial statements of Lamar Media Corp. Earnings per share data is not provided for the operating results of Lamar Media Corp. as it is a wholly owned subsidiary of Lamar Advertising Company.
Principles of Consolidation	(b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Media, its wholly owned subsidiaries, The Lamar Company, L.L.C., Lamar Central Outdoor, LLC, Lamar TRS Holdings, LLC, Lamar Advertising Southwest, Inc., Interstate Logos, L.L.C., Lamar Obie Company, LLC, Lamar Canadian Outdoor Company, Lamar Advertising of Puerto Rico, Inc. and their majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Revenue and Expense Recognized for Advertising Barter Transactions	The amount of revenue and expense recognized for advertising barter transactions is as follows: 2019 2018 2017 Net revenues $ 9,636 $ 8,955 $ 8,469 Direct advertising expenses $ 3,982 $ 3,633 $ 3,603 General and administrative expenses $ 4,986 $ 4,758 $ 4,332

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Disaggregation Revenue	The following table presents our disaggregated revenue by source including revenues accounted for under ASC 840, ASC 842 and ASC 606 for the years ended December 31, 2019, 2018 and 2017. 2019 2018 2017 Billboard Advertising $ 1,537,542 $ 1,412,978 $ 1,340,422 Logo Advertising 84,201 84,424 82,936 Transit Advertising 131,901 129,820 117,902 Net Revenues $ 1,753,644 $ 1,627,222 $ 1,541,260

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2019
2019 Acquisitions [Member]
Summary of Allocation of Purchase Price/Acquisition Costs	The following is a summary of the allocation of the purchase price in the above transactions, which includes the final fair value allocation of the asset acquired and liabilities assumed in a business combination completed on July 15, 2019, for an aggregate purchase price of $127,000. Total Property, plant and equipment $ 37,988 Site locations 131,208 Non-competition agreements 240 Customer lists and contracts 23,032 Asset acquisition costs 756 Other intangibles 3,115 Goodwill 29,360 Current assets 1,860 Current liabilities (832 ) Operating right of use assets 23,934 Operating lease liabilities (21,573 ) Other liabilities (1,500 ) $ 227,588
Summary of Unaudited Pro Forma Financial Information	The following unaudited pro forma financial information for the Company gives effect to the 2019 and 2018 acquisitions as if they had occurred on January 1, 2018. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period. 2019 2018 (unaudited) Net revenues $ 1,764,493 $ 1,724,821 Net income applicable to common stock $ 369,300 $ 292,012 Net income per common share — basic $ 3.69 $ 2.96 Net income per common share — diluted $ 3.68 $ 2.95
2018 Acquisitions Excluding Fairway Assets [Member]
Summary of Allocation of Purchase Price/Acquisition Costs	The following is a summary of the allocation of the acquisition costs in the above transactions, excluding the preliminary allocation of Fairway. Total Property, plant and equipment $ 8,648 Site locations 57,105 Non-competition agreements 342 Customer lists and contracts 6,521 Asset acquisition costs 336 Current assets 1,041 Current liabilities (355 ) $ 73,638
Summary of Unaudited Pro Forma Financial Information	The following unaudited pro forma financial information for the Company gives effect to the 2018 and 2017 acquisitions as if they had occurred on January 1, 2017. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period. 2018 2017 (unaudited) Net revenues $ 1,699,052 $ 1,647,445 Net income applicable to common stock $ 299,493 $ 306,900 Net income per common share — basic $ 3.03 $ 3.13 Net income per common share — diluted $ 3.02 $ 3.12

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Summary of Major Categories of Property, Plant and Equipment	Major categories of property, plant and equipment at December 31, 2019 and 2018 are as follows: Estimated Life (Years) 2019 2018 Land — $ 406,884 $ 384,264 Building and improvements 10 — 39 181,797 173,306 Advertising structures 5 — 15 2,926,706 2,817,170 Automotive and other equipment 3 — 7 144,924 150,985 $ 3,660,311 $ 3,525,725

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of Intangible Assets	The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated 2019 2018 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Customer lists and contracts 7 — 10 $ 641,714 $ 539,405 $ 610,376 $ 514,928 Non-competition agreements 3 — 15 66,014 64,379 65,771 64,119 Site locations 15 2,384,520 1,509,335 2,228,767 1,422,794 Other 2 — 15 49,864 36,749 45,992 33,612 $ 3,142,112 $ 2,149,868 $ 2,950,906 $ 2,035,453 Unamortizable Intangible Assets: Goodwill $ 2,165,810 $ 253,536 $ 2,172,922 $ 253,536
Summary of Changes in Gross Carrying Amount of Goodwill	The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows: Balance as of December 31, 2017 $ 1,993,990 Goodwill acquired during the year 182,117 Purchase price adjustments and other (3,185 ) Impairment losses — Balance as of December 31, 2018 $ 2,172,922 Goodwill acquired during the year 29,360 Purchase price adjustments and other (36,472 ) Impairment losses — Balance as of December 31, 2019 $ 2,165,810
Summary of Estimated Amortization Expense	The following is a summary of the estimated amortization expense for future years: 2020 $ 108,323 2021 104,332 2022 99,480 2023 88,649 2024 84,835 Thereafter 506,625 Total $ 992,244
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summary of Intangible Assets	The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated 2019 2018 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Customer lists and contracts 7—10 $ 641,714 $ 539,405 $ 610,376 $ 514,928 Non-competition agreement 3—15 66,014 64,379 65,771 64,119 Site locations 15 2,384,520 1,509,335 2,228,767 1,422,794 Other 2—15 49,318 36,671 45,446 33,535 $ 3,141,566 $ 2,149,790 $ 2,950,360 $ 2,035,376 Unamortizable Intangible Assets: Goodwill $ 2,154,790 $ 252,667 $ 2,161,902 $ 252,667
Summary of Changes in Gross Carrying Amount of Goodwill	The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows: Balance as of December 31, 2017 $ 1,982,970 Goodwill acquired during the year 182,117 Purchase price adjustments and other (3,185 ) Impairment losses — Balance as of December 31, 2018 $ 2,161,902 Goodwill acquired during the year 29,360 Purchase price adjustments and other (36,472 ) Impairment losses — Balance as of December 31, 2019 $ 2,154,790

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Summary of Maturities of Operating Lease Liabilities	The following is a summary of the maturities of our operating lease liabilities as of December 31, 2019: 2020 $ 240,438 2021 196,099 2022 175,598 2023 152,470 2024 135,234 Thereafter 800,876 Total undiscounted operating lease payments 1,700,715 Less: Imputed interest (435,693 ) Total operating lease liabilities $ 1,265,022
Summary of Minimum Annual Rental Payments Required under Operating Lease	The following is a summary of minimum annual rental payments required under our operating lease that have original or remaining lease terms in excess of one year as of December 31, 2018: 2019 $ 254,866 2020 $ 188,138 2021 $ 165,642 2022 $ 144,814 2023 $ 122,814 Thereafter $ 819,004

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of Accrued Expenses	The following is a summary of accrued expenses at December 31, 2019 and 2018: 2019 2018 Payroll $ 20,223 $ 20,667 Interest 32,734 27,067 Insurance benefits 11,554 12,633 Accrued variable lease and contract expense 12,559 36,158 Stock-based compensation 23,297 19,211 Other 6,858 6,731 $ 107,225 $ 122,467
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summary of Accrued Expenses	The following is a summary of accrued expenses at December 31, 2019 and 2018: 2019 2018 Payroll $ 20,223 $ 20,667 Interest 32,734 27,067 Accrued variable lease and contract expense 12,559 36,158 Stock-based compensation 23,297 19,211 Other 12,453 14,197 $ 101,266 $ 117,300

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Long-Term Debt	Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,127,069 $ 9,077 $ 1,117,992 Accounts Receivable Securitization Program 175,000 846 174,154 5% Senior Subordinated Notes 535,000 3,237 531,763 5 3/8 510,000 3,502 506,498 5 3/4 654,345 7,752 646,593 Other notes with various rates and terms 3,118 — 3,118 3,004,532 24,414 2,980,118 Less current maturities (232,595 ) (6,081 ) (226,514 ) Long-term debt, excluding current maturities $ 2,771,937 $ 18,333 $ 2,753,604 December 31, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,291,088 $ 11,576 $ 1,279,512 Accounts Receivable Securitization Program 175,000 1,168 173,832 5% Senior Subordinated Notes 535,000 4,104 530,896 5 3/8% Senior Notes 510,000 4,262 505,738 5 3/4% Senior Notes 400,000 4,754 395,246 Other notes with various rates and terms 3,464 — 3,464 2,914,552 25,864 2,888,688 Less current maturities (209,365 ) (5,245 ) (204,120 ) Long-term debt, excluding current maturities $ 2,705,187 $ 20,619 $ 2,684,568
Summary of Long-Term Debt Contractual Maturities	Long-term debt contractual maturities are as follows: Debt Deferred financing costs Debt, net of deferred financing costs 2020 $ 232,595 $ 6,081 $ 226,514 2021 $ 74,487 $ 6,205 $ 68,282 2022 $ 426,971 $ 4,677 $ 422,294 2023 $ 541,989 $ 3,480 $ 538,509 2024 $ 517,008 $ 2,216 $ 514,792 Later years $ 1,211,482 $ 1,755 $ 1,209,727
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 March 31, June 30, September 30 and December 31 as follows: Principal Payment Date Term A Term B March, 31 2020-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
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Long-Term Debt	Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,127,069 $ 9,077 $ 1,117,992 Accounts Receivable Securitization Program 175,000 846 174,154 5% Senior Subordinated Notes 535,000 3,237 531,763 5 3/8% 510,000 3,502 506,498 5 3/4% 654,345 7,752 646,593 Other notes with various rates and terms 3,118 — 3,118 3,004,532 24,414 2,980,118 Less current maturities (232,595 ) (6,081 ) (226,514 ) Long-term debt, excluding current maturities $ 2,771,937 $ 18,333 $ 2,753,604 December 31, 2018 Debt Deferred financing costs Debt, net of deferred financing costs Senior Credit Facility $ 1,291,088 $ 11,576 $ 1,279,512 Accounts Receivable Securitization Program 175,000 1,168 173,832 5% Senior Subordinated Notes 535,000 4,104 530,896 5 3/8% 510,000 4,262 505,738 5 3/4% 400,000 4,754 395,246 Other notes with various rates and terms 3,464 — 3,464 2,914,552 25,864 2,888,688 Less current maturities (209,365 ) (5,245 ) (204,120 ) Long-term debt, excluding current maturities $ 2,705,187 $ 20,619 $ 2,684,568
Summary of Long-Term Debt Contractual Maturities	Long-term debt contractual maturities are as follows: Debt Deferred financing costs Debt, net of deferred financing costs 2020 $ 232,595 $ 6,081 $ 226,514 2021 $ 74,487 $ 6,205 $ 68,282 2022 $ 426,971 $ 4,677 $ 422,294 2023 $ 541,989 $ 3,480 $ 538,509 2024 $ 517,008 $ 2,216 $ 514,792 Later years $ 1,211,482 $ 1,755 $ 1,209,727

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2019
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 7,583 Accretion expense 4,404 Liabilities settled (4,087 ) Balance at December 31, 2018 $ 222,989 Additions to asset retirement obligations 2,529 Accretion expense 4,260 Liabilities settled (3,641 ) Balance at December 31, 2019 $ 226,137

Depreciation and Amortization (

Depreciation and Amortization (Tables)	12 Months Ended
	Dec. 31, 2019
Depreciation And Amortization [Abstract]
Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income	The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Income are: Year Ended December 31, 2019 2018 2017 Direct expenses $ 235,544 $ 212,585 $ 196,107 General and administrative expenses 4,416 4,134 4,151 Corporate expenses 10,068 8,542 10,846 $ 250,028 $ 225,261 $ 211,104

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2019: U.S. federal $ 6,045 $ (13,450 ) $ (7,405 ) State and local 2,699 (2,654 ) 45 Foreign 1,164 1,974 3,138 $ 9,908 $ (14,130 ) $ (4,222 ) Year ended December 31, 2018: U.S. federal $ 4,952 $ 435 $ 5,387 State and local 2,615 (123 ) 2,492 Foreign 1,592 1,226 2,818 $ 9,159 $ 1,538 $ 10,697 Year ended December 31, 2017: U.S. federal $ 4,174 $ 359 $ 4,533 State and local 2,706 (170 ) 2,536 Foreign 1,546 615 2,161 $ 8,426 $ 804 $ 9,230
U.S. and Foreign Components of Earnings Before Income Taxes	The U.S. and foreign components of earnings before income taxes are as follows: 2019 2018 2017 U.S. $ 357,445 $ 317,695 $ 332,607 Foreign 10,444 (1,766 ) (5,701 ) Total $ 367,889 $ 315,929 $ 326,906
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of significant differences between the reported amount of income tax expense and the expected amount of income tax expense that would result from applying the U.S. federal statutory income tax rate of 21 percent to income before taxes for the 2019 and 2018 tax years and 35 percent for the 2017 tax year, is as follows: 2019 2018 2017 Income tax expense at U.S. federal statutory rate $ 77,257 $ 66,345 $ 114,417 Tax adjustment related to REIT (a) (70,619 ) (63,669 ) (109,294 ) State and local income taxes, net of federal income tax benefit 2,039 1,461 1,193 Book expenses not deductible for tax purposes 4,144 1,926 2,635 Stock-based compensation (1,177 ) 1,090 (121 ) Valuation allowance (b) (1,032 ) 3,813 3,953 Rate change (c) — (80 ) (466 ) Undistributed earnings of foreign subsidiaries (d) (102 ) (393 ) 1,363 Minimum tax credit refundable (e) — — (4,108 ) Deferred tax adjustment due to REIT conversion (f) (17,031 ) — — Other differences, net (g) 2,299 204 (342 ) Income tax expense $ (4,222 ) $ 10,697 $ 9,230 (a) Includes dividend paid deduction of $76,688, $69,818 and $110,442 for the tax years ended December 31, 2019, 2018 and 2017, respectively. (b) For the years ended December 31, 2019, 2018 and 2017, a non-cash valuation allowance of $(1,031), $3,813 and $3,953, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years. (c) Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017. (d) In periods prior to December 31, 2017, the undistributed earnings of our Canadian subsidiaries were designated as permanently reinvested. As of December 31, 2017, however, management did not assert that the undistributed earnings of our Canadian subsidiaries will be permanently reinvested. For the years ended December 31, 2019, 2018 and 2017, we recognized a deferred tax (benefit) charge of $(102), $(393) and $1,363, respectively, for future foreign withholding taxes related to undistributed earnings. (e) Under the TCJA, the corporate alternative minimum tax was repealed and any minimum tax carryforwards not utilized become fully refundable in 2021. The Company does not expect to utilize its minimum tax credit carryforward. As a result, a cash benefit of $4,108 to income tax expense was recorded for the year ended December 31, 2017. (f) (g) Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017.
Components of Deferred Taxes	The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below: 2019 2018 Deferred tax assets: Allowance for doubtful accounts $ 499 $ 654 Accrued liabilities not deducted for tax purposes 3,431 7,022 Net operating loss carry forwards 19,522 34,716 Tax credit carry forwards 1,140 320 Charitable contributions carry forward 5 47 Investment in partnerships 382 — Gross deferred tax assets 24,979 42,759 Less: valuation allowance (22,902 ) (23,934 ) Net deferred tax assets 2,077 18,825 Deferred tax liabilities: Intangibles (5,898 ) (6,565 ) Investment in partnerships — (31,746 ) Property, plant and equipment (701 ) (366 ) Undistributed earnings of foreign subsidiaries (1,191 ) (882 ) Gross deferred tax liabilities (7,790 ) (39,559 ) Net deferred tax liabilities $ (5,713 ) $ (20,734 )
Reconciliation Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: Balance as of December 31, 2017 $ 2,067 Additions for tax positions related to current year 932 Additions for tax positions related to prior years 238 Reductions for tax positions related to prior years — Lapse of statute of limitations (30 ) Settlements — Balance as of December 31, 2018 $ 3,207 Additions for tax positions related to current year 974 Additions for tax positions related to prior years 386 Reductions for tax positions related to prior years — Lapse of statute of limitations (117 ) Settlements — Balance as of December 31, 2019 $ 4,450

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted Average Assumptions	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used: Grant Year Dividend Yield Expected Volatility Risk Free Interest Rate Expected Lives 2019 5% 46% 2% 6 2018 5% 46% 2% 6 2017 5% 45% 2% 6
Stock Option Transactions under Various Stock-Based Employee Compensation Plans	Information regarding the 1996 Plan for the year ended December 31, 2019 is as follows: Shares Weighted Average Exercise Price Weighted Average Contractual Life Outstanding, beginning of year 836,859 $ 49.65 Granted 117,000 76.92 Exercised (340,684 ) 43.98 Forfeited (4,800 ) 61.23 Expired — — Outstanding, end of year 608,375 57.97 5.71 Exercisable at end of year 401,375 50.64 4.31
Summary of ESPP Share Activity	The following is a summary of 2009 and 2019 ESPP share activity for the year ended December 31, 2019: Shares Available for future purchases, January 1, 2019 183,244 Additional shares reserved under 2009 ESPP 85,162 Additional shares reserved under 2019 ESPP 300,000 Purchases (129,972 ) Available for future purchases, December 31, 2019 438,434

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Summary of Minimum Payments Related to Agreements	Our off-balance sheet commitments consist of guaranteed minimum payments to local transit municipalities and airport authorities for agreements which entitle us to rent advertising space to customers, in airports and on buses, benches or shelters. These agreements no longer meet the criteria of a lease under ASC 842, Leases 2020 $ 20,621 2021 $ 16,965 2022 $ 16,702 2023 $ 15,614 2024 $ 14,624 Thereafter $ 1,289

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of Quarterly Financial Data	The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2019 and 2018. Year 2019 Quarters March 31 June 30 September 30 December 31 Net revenues $ 384,457 $ 448,742 $ 457,786 $ 462,659 Net revenues less direct advertising expenses $ 243,987 $ 302,352 $ 308,940 $ 308,287 Net income applicable to common stock $ 51,162 $ 118,305 $ 99,618 $ 102,661 Net income per common share basic $ 0.51 $ 1.18 $ 0.99 $ 1.02 Net income per common share diluted $ 0.51 $ 1.18 $ 0.99 $ 1.02 Year 2018 Quarters March 31 June 30 September 30 December 31 Net revenues $ 361,026 $ 419,800 $ 418,498 $ 427,898 Net revenues less direct advertising expenses $ 222,733 $ 279,016 $ 277,799 $ 285,826 Net income applicable to common stock $ 14,961 $ 100,340 $ 93,965 $ 95,601 Net income per common share basic $ 0.15 $ 1.02 $ 0.95 $ 0.97 Net income per common share diluted $ 0.15 $ 1.02 $ 0.95 $ 0.96
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summary of Quarterly Financial Data	The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2019 and 2018. Year 2019 Quarters March 31 June 30 September 30 December 31 Net revenues $ 384,457 $ 448,742 $ 457,786 $ 462,659 Net revenues less direct advertising expenses $ 243,987 $ 302,352 $ 308,940 $ 308,287 Net income $ 51,362 $ 118,485 $ 99,832 $ 102,861 Year 2018 Quarters March 31 June 30 September 30 December 31 Net revenues $ 361,026 $ 419,800 $ 418,498 $ 427,898 Net revenues less direct advertising expenses $ 222,733 $ 279,016 $ 277,799 $ 285,826 Net income $ 15,158 $ 100,520 $ 94,165 $ 95,788

Summarized Financial Informat_2

Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	12 Months Ended
	Dec. 31, 2019
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 13,859 $ 53,756 $ 242,054 $ — $ 309,669 Net property, plant and equipment — 1,340,675 8,440 — 1,349,115 Operating lease right of use assets — 1,293,674 27,105 — 1,320,779 Intangibles and goodwill, net — 2,875,644 18,255 — 2,893,899 Other assets 4,193,629 229,905 184,805 (4,557,380 ) 50,959 Total assets $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 51,480 $ 34 $ 175,000 $ — $ 226,514 Current operating lease liabilties — 189,071 7,770 — 196,841 Other current liabilities 26,960 196,689 19,845 — 243,494 Total current liabilities 78,440 385,794 202,615 — 666,849 Long-term debt 2,753,570 34 — — 2,753,604 Operating lease liabilities — 1,049,220 18,961 — 1,068,181 Other noncurrent liabilities 205,947 231,416 250,859 (421,966 ) 266,256 Total liabilities 3,037,957 1,666,464 472,435 (421,966 ) 4,754,890 Stockholders’ equity 1,169,531 4,127,190 8,224 (4,135,414 ) 1,169,531 Total liabilities and stockholders’ equity $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421 Condensed Consolidating Balance Sheet as of December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated ASSETS Total current assets $ 4,653 $ 121,549 $ 236,967 $ — $ 363,169 Net property, plant and equipment — 1,289,348 5,700 — 1,295,048 Intangibles and goodwill, net — 2,804,915 19,304 — 2,824,219 Other assets 4,056,288 230,504 184,247 (4,425,589 ) 45,450 Total assets $ 4,060,941 $ 4,446,316 $ 446,218 $ (4,425,589 ) $ 4,527,886 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current maturities of long-term debt $ 29,086 $ 34 $ 175,000 $ — $ 204,120 Other current liabilities 27,067 204,103 14,578 — 245,748 Total current liabilities 56,153 204,137 189,578 — 449,868 Long-term debt 2,684,500 68 — — 2,684,568 Other noncurrent liabilities 200,092 246,312 251,835 (424,985 ) 273,254 Total liabilities 2,940,745 450,517 441,413 (424,985 ) 3,407,690 Stockholders’ equity 1,120,196 3,995,799 4,805 (4,000,604 ) 1,120,196 Total liabilities and stockholders’ equity $ 4,060,941 $ 4,446,316 $ 446,218 $ (4,425,589 ) $ 4,527,886
Condensed Consolidating Statements of Income and Comprehensive Income	Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,709,691 $ 46,804 $ (2,851 ) $ 1,753,644 Operating expenses Direct advertising expenses (1) — 564,877 28,052 (2,851 ) 590,078 General and administrative expenses (1) — 310,813 7,567 — 318,380 Corporate expenses (1) — 82,652 1,577 — 84,229 Depreciation and amortization — 247,191 2,837 — 250,028 Gain on disposition of assets — (3,103 ) (4,138 ) — (7,241 ) — 1,202,430 35,895 (2,851 ) 1,235,474 Operating income — 507,261 10,909 — 518,170 Equity in (earnings) loss of subsidiaries (517,516 ) — — 517,516 — Interest expense (income), net 144,976 (149 ) 5,025 — 149,852 Income (loss) before income tax expense 372,540 507,410 5,884 (517,516 ) 368,318 Income tax (benefit) expense (2) — (7,360 ) 3,138 — (4,222 ) Net income (loss) $ 372,540 $ 514,770 $ 2,746 $ (517,516 ) $ 372,540 Statement of Comprehensive Income Net income (loss) $ 372,540 $ 514,770 $ 2,746 $ (517,516 ) $ 372,540 Total other comprehensive income, net of tax — — 673 — 673 Total comprehensive income (loss) $ 372,540 $ 514,770 $ 3,419 $ (517,516 ) $ 373,213 (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 Income and Comprehensive Income for the Year Ended December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,579,619 $ 50,352 $ (2,749 ) $ 1,627,222 Operating expenses Direct advertising expenses (1) — 537,269 27,307 (2,728 ) 561,848 General and administrative expenses (1) — 280,874 8,554 — 289,428 Corporate expenses (1) — 80,861 1,636 — 82,497 Depreciation and amortization — 219,341 5,920 — 225,261 (Gain) loss on disposition of assets — (576 ) 7,809 — 7,233 — 1,117,769 51,226 (2,728 ) 1,166,267 Operating income (loss) — 461,850 (874 ) (21 ) 460,955 Equity in (earnings) loss of subsidiaries (450,791 ) — — 450,791 — Interest expense (income), net 129,731 (99 ) (413 ) (21 ) 129,198 Other expenses 15,429 — — — 15,429 Income (loss) before income tax expense 305,631 461,949 (461 ) (450,791 ) 316,328 Income tax expense (2) — 7,879 2,818 — 10,697 Net income (loss) $ 305,631 $ 454,070 $ (3,279 ) $ (450,791 ) $ 305,631 Statement of Comprehensive Income Net income (loss) $ 305,631 $ 454,070 $ (3,279 ) $ (450,791 ) $ 305,631 Total other comprehensive loss, net of tax — — (1,290 ) — (1,290 ) Total comprehensive income (loss) $ 305,631 $ 454,070 $ (4,569 ) $ (450,791 ) $ 304,341 (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 Income and Comprehensive Income for the Year Ended December 31, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income Net revenues $ — $ 1,494,275 $ 51,332 $ (4,347 ) $ 1,541,260 Operating expenses Direct advertising expenses (1) — 512,247 31,277 (2,644 ) 540,880 General and administrative expenses (1) — 266,798 9,431 — 276,229 Corporate expenses (1) — 60,830 1,132 — 61,962 Depreciation and amortization — 201,424 9,680 — 211,104 (Gain) loss on disposition of assets — (5,704 ) 1,040 — (4,664 ) — 1,035,595 52,560 (2,644 ) 1,085,511 Operating income (loss) — 458,680 (1,228 ) (1,703 ) 455,749 Equity in (earnings) loss of subsidiaries (446,520 ) — — 446,520 — Interest expense (income), net 128,391 (5 ) 1,707 (1,703 ) 128,390 Other expenses 71 — — — 71 Income (loss) before income tax expense 318,058 458,685 (2,935 ) (446,520 ) 327,288 Income tax expense (2) — 7,069 2,161 — 9,230 Net income (loss) $ 318,058 $ 451,616 $ (5,096 ) $ (446,520 ) $ 318,058 Statement of Comprehensive Income Net income (loss) $ 318,058 $ 451,616 $ (5,096 ) $ (446,520 ) $ 318,058 Total other comprehensive income, net of tax — — 1,926 — 1,926 Total comprehensive income (loss) $ 318,058 $ 451,616 $ (3,170 ) $ (446,520 ) $ 319,984 (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	Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2019 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 469,907 $ 738,030 $ 6,660 $ (609,657 ) $ 604,940 Cash flows from investing activities: Capital expenditures — (136,696 ) (4,260 ) — (140,956 ) Acquisitions — (226,278 ) — — (226,278 ) Proceeds from disposition of assets and investments — 5,438 — — 5,438 Proceeds received from insurance claims — 210 — — 210 Investment in subsidiaries (226,278 ) — — 226,278 — Decrease in intercompany notes receivable 3,787 — — (3,787 ) — Increase in notes receivable (448 ) — — — (448 ) Net cash (used in) provided by investing activities (222,939 ) (357,326 ) (4,260 ) 222,491 (362,034 ) Cash flows from financing activities: Proceeds received from revolving credit facility 495,000 — — — 495,000 Payment on revolving credit facility (625,000 ) — — — (625,000 ) Principal payments on long-term debt (34,471 ) — — — (34,471 ) Proceeds received from accounts receivable securitization program — — 9,000 — 9,000 Payments on accounts receivable securitization program — — (9,000 ) — (9,000 ) Debt issuance costs (4,463 ) — — — (4,463 ) Proceeds received from note offering 255,000 — — — 255,000 Intercompany loan proceeds (payments) — (702 ) (3,085 ) 3,787 — Distributions to non-controlling interest — — (621 ) — (621 ) Dividends (to) from parent (393,700 ) (609,657 ) — 609,657 (393,700 ) Contributions from (to) parent 69,822 226,278 — (226,278 ) 69,822 Net cash (used in) provided by financing activities (237,812 ) (384,081 ) (3,706 ) 387,166 (238,433 ) Effect of exchange rate changes in cash and cash equivalents — — 221 — 221 Net increase in cash and cash equivalents 9,156 (3,377 ) (1,085 ) — 4,694 Cash and cash equivalents at beginning of period 4,029 11,655 5,310 — 20,994 Cash and cash equivalents at end of period $ 13,185 $ 8,278 $ 4,225 $ — $ 25,688 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2018 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 430,896 $ 689,718 $ (17,143 ) $ (566,386 ) $ 537,085 Cash flows from investing activities: Acquisitions — (477,389 ) — — (477,389 ) Capital expenditures — (113,259 ) (4,379 ) — (117,638 ) Proceeds from disposition of assets and investments — 3,839 2,809 — 6,648 Proceeds received from insurance claims — — 4,222 — 4,222 Investment in subsidiaries (498,226 ) — — 498,226 — Decrease in intercompany notes receivable 30,034 — — (30,034 ) — Decrease in notes receivable 9 — — — 9 Net cash (used in) provided by investing activities (468,183 ) (586,809 ) 2,652 468,192 (584,148 ) Cash flows from financing activities: Proceeds received from revolving credit facility 563,000 — — — 563,000 Payment on revolving credit facility (481,000 ) — — — (481,000 ) Principal payments on long-term debt (27,297 ) (31 ) — — (27,328 ) Proceeds received from senior credit facility term loans 599,250 — — — 599,250 Proceeds received from accounts receivable securitization program — — 175,000 — 175,000 Debt issuance costs (7,616 ) — — — (7,616 ) Redemption on senior subordinated notes (509,790 ) — — — (509,790 ) Intercompany loan proceeds (payments) 175,000 (24,688 ) (180,346 ) 30,034 — Distributions to non-controlling interest — — (541 ) — (541 ) Contributions from (to) parent 89,967 498,226 — (498,226 ) 89,967 Dividends (to) from parent (446,744 ) (566,386 ) — 566,386 (446,744 ) Net cash (used in) provided by financing activities (45,230 ) (92,879 ) (5,887 ) 98,194 (45,802 ) Effect of exchange rate changes in cash and cash equivalents — — (1,112 ) — (1,112 ) Net increase in cash and cash equivalents (82,517 ) 10,030 (21,490 ) — (93,977 ) Cash and cash equivalents at beginning of period 86,546 1,625 26,800 — 114,971 Cash and cash equivalents at end of period $ 4,029 $ 11,655 $ 5,310 $ — $ 20,994 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2017 Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Lamar Media Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 383,370 $ 602,504 $ 2,174 $ (503,808 ) $ 484,240 Cash flows from investing activities: Acquisitions 3,750 (298,901 ) (2,154 ) — (297,305 ) Capital expenditures — (104,325 ) (5,004 ) — (109,329 ) Proceeds from disposition of assets and investments — 6,053 — — 6,053 Investment in subsidiaries (301,055 ) — — 301,055 — (Increase) decrease in intercompany notes receivable (7,624 ) — — 7,624 — Decrease in notes receivable 515 — — — 515 Net cash (used in) provided by investing activities (304,414 ) (397,173 ) (7,158 ) 308,679 (400,066 ) Cash flows from financing activities: Principal payments on long-term debt (16,993 ) — — — (16,993 ) Payment on revolving credit facility (477,000 ) — — — (477,000 ) Proceeds received from revolving credit facility 495,000 — — — 495,000 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) — — 7,624 (7,624 ) — Distributions to non-controlling interest — — (693 ) — (693 ) Contributions from (to) parent 49,187 298,901 2,154 (301,055 ) 49,187 Dividends (to) from parent (252,925 ) (503,808 ) — 503,808 (252,925 ) Net cash (used in) provided by financing activities (5,172 ) (204,907 ) 9,085 195,129 (5,865 ) Effect of exchange rate changes in cash and cash equivalents — — 1,632 — 1,632 Net increase in cash and cash equivalents 73,784 424 5,733 — 79,941 Cash and cash equivalents at beginning of period 12,762 1,201 21,067 — 35,030 Cash and cash equivalents at end of period $ 86,546 $ 1,625 $ 26,800 $ — $ 114,971

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)BillboardStateTransitReporting_Unit$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays | Billboard	157,800
Number of states in which the company operates | State	45
Number of states in which the company operates logo sign business | State	24
Number of transit advertising displays | Transit	52,800
Number of states in which the company operates transit advertising displays | State	22
Number of reporting units | Reporting_Unit	2
REIT threshold percentage of taxable income to be distributed to stockholders	90.00%
Dividends paid in current year declared in prior period		$ 81,534
Dividends paid in current year declared in prior period, per share | $ / shares		$ 0.83
Dividends declared	$ 384,817		$ 325,462
Dividends declared, per share | $ / shares	$ 3.84	$ 3.65	$ 3.32
Distributions accrued, preferred stockholders			$ 91
Distributions accrued, preferred stockholders, per share | $ / shares			$ 15.95
Distributions paid, preferred stockholders	$ 365	$ 456	$ 274
Distributions paid, preferred stockholders, per share | $ / shares	$ 63.80	$ 79.75	$ 47.85
The number of dilutive shares excluded from calculation of basic earnings per share resulting from the anti-dilutive effect for stock options | shares	0	0	0
Non cash compensation expense	$ 29,647	$ 29,443	$ 9,599
Investment maturity period	three months or less
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays | Billboard	157,800
Number of states in which the company operates | State	45
Number of states in which the company operates logo sign business | State	24
Non cash compensation expense	$ 29,647	29,443	9,599
Stock Options and Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	4,226
Performance-Based Stock Incentive Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	25,005
Stock Awards to Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	416
Taxable Income Distribution [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid	$ 384,817	$ 442,632	$ 243,928
Distributions paid, per share | $ / shares	$ 3.84	$ 4.48	$ 2.49
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	2 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	15 years

Significant Accounting Polici_5

Significant Accounting Policies - Revenue and Expense Recognized for Advertising Barter Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Net revenues	$ 9,636	$ 8,955	$ 8,469
Direct advertising expenses	3,982	3,633	3,603
General and administrative expenses	$ 4,986	$ 4,758	$ 4,332

Revenues - Additional Informati

Revenues - Additional Information (Details) - ASC 606 [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Direct Advertising Expenses (Exclusive of Depreciation and Amortization) [Member]
Capitalized Contract Cost [Line Items]
Contract cost expense net	$ 15,734
Other Current Assets [Member]
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net current	$ 24,920

Revenues - Disaggregation Reven

Revenues - Disaggregation Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Net revenues	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 1,753,644	$ 1,627,222	$ 1,541,260
Billboard Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									1,537,542	1,412,978	1,340,422
Logo Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									84,201	84,424	82,936
Transit Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									$ 131,901	$ 129,820	$ 117,902

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)Marketshares
Business Acquisition [Line Items]
Portion of acquired intangible assets assigned to goodwill	$ 1,912,274	$ 1,919,386
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	226,278
Cash acquired in acquisitions	1,508
Total purchase price of outdoor advertising assets	227,588
Total acquired intangible assets	187,711
Portion of acquired intangible assets assigned to goodwill	29,360
Goodwill amount deductible for tax purposes	0
Total acquired intangible assets	$ 158,351
Weighted average useful life	14 years
Aggregate amortization expense related to acquisition	$ 7,570
2019 Acquisitions [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 23,032
Weighted average useful life	7 years
2019 Acquisitions [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 131,208
Weighted average useful life	15 years
Fairway Outdoor Advertising [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets		418,500
Post-closing adjustments to acquired working capital related to purchase	$ 1,310
Portion of acquired assets assigned to property, plant and equipment	96,840	91,173
Portion of acquired assets assigned to intangibles	188,400	156,319
Portion of acquired assets assigned to intangibles	145,534	$ 182,117
Reduction to preliminary purchase price allocation of goodwill	36,583
Income tax benefit recorded in deferred tax liabilities	17,031
Number of business acquired | Market		5
July 15, 2019 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	$ 127,000
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Cash acquired in acquisitions		$ 8,554
Total acquired intangible assets		402,740
Portion of acquired intangible assets assigned to goodwill		182,117
Goodwill amount deductible for tax purposes		0
Total acquired intangible assets		$ 220,623
Weighted average useful life		14 years
Aggregate amortization expense related to acquisition		$ 2,681
Total purchase price of outdoor advertising assets		489,671
Total purchase price consisting of cash		$ 477,389
2018 Acquisitions [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Issuance of common stock | shares		163,137
Issuance of common stock, value		$ 12,282
2018 Acquisitions [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 33,310
Weighted average useful life		7 years
2018 Acquisitions [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 186,635
Weighted average useful life		15 years

Acquisitions - Summary of Alloc

Acquisitions - Summary of Allocation of Purchase Price/Acquisition Costs (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 1,912,274	$ 1,919,386
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment	37,988
Asset acquisition costs	756
Goodwill	29,360
Current assets	1,860
Current liabilities	(832)
Operating right of use assets	23,934
Operating lease liabilities	(21,573)
Other liabilities	(1,500)
Total	227,588
2019 Acquisitions [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	131,208
2019 Acquisitions [Member] | Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	240
2019 Acquisitions [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	23,032
2019 Acquisitions [Member] | Other Intangibles [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 3,115
2018 Acquisitions Excluding Fairway Assets [Member]
Business Acquisition [Line Items]
Property, plant and equipment		8,648
Asset acquisition costs		336
Current assets		1,041
Current liabilities		(355)
Total		73,638
2018 Acquisitions Excluding Fairway Assets [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		57,105
2018 Acquisitions Excluding Fairway Assets [Member] | Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		342
2018 Acquisitions Excluding Fairway Assets [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		$ 6,521

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues	$ 1,764,493	$ 1,724,821
Net income applicable to common stock	$ 369,300	$ 292,012
Net income per common share — basic	$ 3.69	$ 2.96
Net income per common share — diluted	$ 3.68	$ 2.95
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues		$ 1,699,052	$ 1,647,445
Net income applicable to common stock		$ 299,493	$ 306,900
Net income per common share — basic		$ 3.03	$ 3.13
Net income per common share — diluted		$ 3.02	$ 3.12

Non-cash Financing and Invest_2

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash investing activities	$ 0
Non-cash acquisition of outdoor advertising assets			$ 2,879,000
Non-cash financing activities of declared distributions			81,625,000
Non-cash financing activity	0	$ 0
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash investing activities	0	0
Non-cash acquisition of outdoor advertising assets			2,879,000
Non-cash financing activity	$ 0	$ 0
Non-cash financing activity of declared distributions to parent company			$ 81,534,000
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

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Major Categories of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,660,311	$ 3,525,725
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 406,884	384,264
Land [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Land [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 181,797	173,306
Building and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	10 years
Building and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	39 years
Advertising Structures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 2,926,706	2,817,170
Advertising Structures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	5 years
Advertising Structures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	15 years
Automotive and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 144,924	$ 150,985
Automotive and Other Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	3 years
Automotive and Other Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	7 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,142,112	$ 2,950,906
Accumulated Amortization	2,149,868	2,035,453
Goodwill gross carrying amount	2,165,810	2,172,922	$ 1,993,990
Goodwill accumulated amortization	253,536	253,536
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,141,566	2,950,360
Accumulated Amortization	2,149,790	2,035,376
Goodwill gross carrying amount	2,154,790	2,161,902	$ 1,982,970
Goodwill accumulated amortization	$ 252,667	252,667
Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Customer Lists and Contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 641,714	610,376
Accumulated Amortization	539,405	514,928
Customer Lists and Contracts [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	641,714	610,376
Accumulated Amortization	$ 539,405	514,928
Customer Lists and Contracts [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] | Minimum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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
Customer Lists and Contracts [Member] | Maximum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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	$ 66,014	65,771
Accumulated Amortization	64,379	64,119
Non-competition Agreements [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	66,014	65,771
Accumulated Amortization	$ 64,379	64,119
Non-competition Agreements [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] | Minimum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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
Non-competition Agreements [Member] | Maximum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Gross Carrying Amount	$ 2,384,520	2,228,767
Accumulated Amortization	1,509,335	1,422,794
Site Locations [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,384,520	2,228,767
Accumulated Amortization	$ 1,509,335	1,422,794
Site Locations [Member] | Maximum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 49,864	45,992
Accumulated Amortization	36,749	33,612
Other [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	49,318	45,446
Accumulated Amortization	$ 36,671	$ 33,535
Other [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Other [Member] | Minimum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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
Other [Member] | Maximum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Changes in Gross Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill, beginning balance	$ 2,172,922	$ 1,993,990
Goodwill acquired during the year	29,360	182,117
Purchase price adjustments and other	(36,472)	(3,185)
Impairment losses		0
Goodwill, ending balance	2,165,810	2,172,922
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Goodwill [Line Items]
Goodwill, beginning balance	2,161,902	1,982,970
Goodwill acquired during the year	29,360	182,117
Purchase price adjustments and other	(36,472)	(3,185)
Impairment losses		0
Goodwill, ending balance	$ 2,154,790	$ 2,161,902

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 113,679	$ 95,010	$ 85,257

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
2020	$ 108,323
2021	104,332
2022	99,480
2023	88,649
2024	84,835
Thereafter	506,625
Total	$ 992,244	$ 915,453

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee Lease Description [Line Items]
Base operating lease, cost	$ 312,883
Variable operating lease, cost	76,492
Operating lease, cost	389,375	$ 381,890	$ 366,892
Gain on disposition of assets	7,241	(7,233)	4,664
Operating lease, cash payments	316,527
Direct advertising expenses (exclusive of depreciation and amortization)	$ 590,078	$ 561,848	$ 540,880
Operating lease, weighted average remaining lease term	12 years
Operating lease, weighted average discount rate	4.80%
Leased assets obtained in exchange for operating lease liability	$ 35,813
Advertising [Member]
Lessee Lease Description [Line Items]
Direct advertising expenses (exclusive of depreciation and amortization)	4,691
Termination of Lease Agreements [Member]
Lessee Lease Description [Line Items]
Gain on disposition of assets	$ 4,061

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2020	$ 240,438
2021	196,099
2022	175,598
2023	152,470
2024	135,234
Thereafter	800,876
Total undiscounted operating lease payments	1,700,715
Less: Imputed interest	(435,693)
Total operating lease liabilities	$ 1,265,022

Leases - Summary of Minimum Ann

Leases - Summary of Minimum Annual Rental Payments Required under Operating Lease (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2019	$ 254,866
2020	188,138
2021	165,642
2022	144,814
2023	122,814
Thereafter	$ 819,004

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	$ 20,223	$ 20,667
Interest	32,734	27,067
Insurance benefits	11,554	12,633
Accrued variable lease and contract expense	12,559	36,158
Stock-based compensation	23,297	19,211
Other	6,858	6,731
Total	107,225	122,467
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	20,223	20,667
Interest	32,734	27,067
Accrued variable lease and contract expense	12,559	36,158
Stock-based compensation	23,297	19,211
Other	12,453	14,197
Total	$ 101,266	$ 117,300

Long-term Debt - Long-Term Debt

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt	$ 3,004,532	$ 2,914,552
Debt, Less current maturities	(232,595)	(209,365)
Debt, excluding current maturities	2,771,937	2,705,187
Deferred financing costs	24,414	25,864
Deferred financing costs, Less current maturities	(6,081)	(5,245)
Deferred financing costs, excluding current maturities	18,333	20,619
Debt, net of deferred financing costs	2,980,118	2,888,688
Debt, net of deferred financing costs, Less current maturities	(226,514)	(204,120)
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	3,004,532	2,914,552
Debt, Less current maturities	(232,595)	(209,365)
Debt, excluding current maturities	2,771,937	2,705,187
Deferred financing costs	24,414	25,864
Deferred financing costs, Less current maturities	(6,081)	(5,245)
Deferred financing costs, excluding current maturities	18,333	20,619
Debt, net of deferred financing costs	2,980,118	2,888,688
Debt, net of deferred financing costs, Less current maturities	(226,514)	(204,120)
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	1,127,069	1,291,088
Deferred financing costs	9,077	11,576
Debt, net of deferred financing costs	1,117,992	1,279,512
Senior Credit Facility [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	1,127,069	1,291,088
Deferred financing costs	9,077	11,576
Debt, net of deferred financing costs	1,117,992	1,279,512
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Debt	175,000	175,000
Deferred financing costs	846	1,168
Debt, net of deferred financing costs	174,154	173,832
Accounts Receivable Securitization Program [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	175,000	175,000
Deferred financing costs	846	1,168
Debt, net of deferred financing costs	174,154	173,832
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	3,237	4,104
Debt, net of deferred financing costs	531,763	530,896
5% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	3,237	4,104
Debt, net of deferred financing costs	531,763	530,896
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	3,502	4,262
Debt, net of deferred financing costs	506,498	505,738
5 3/8% Senior Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	3,502	4,262
Debt, net of deferred financing costs	506,498	505,738
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	654,345	400,000
Deferred financing costs	7,752	4,754
Debt, net of deferred financing costs	646,593	395,246
5 3/4% Senior Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	654,345	400,000
Deferred financing costs	7,752	4,754
Debt, net of deferred financing costs	646,593	395,246
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	3,118	3,464
Debt, net of deferred financing costs	3,118	3,464
Other Notes with Various Rates and Terms [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	3,118	3,464
Debt, net of deferred financing costs	$ 3,118	$ 3,464

Long-term Debt - Long-Term De_2

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Dec. 31, 2019	Dec. 31, 2018	Jan. 28, 2016	Jan. 10, 2014	Oct. 30, 2012
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%	5.00%			5.00%
5% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	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 3/8% Senior Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	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%
5 3/4% Senior Notes [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%	5.75%

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-Term Debt Contractual Maturities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Debt [Member]
Debt Instrument [Line Items]
2020	$ 232,595
2021	74,487
2022	426,971
2023	541,989
2024	517,008
Later years	1,211,482
Debt [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2020	232,595
2021	74,487
2022	426,971
2023	541,989
2024	517,008
Later years	1,211,482
Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2020	6,081
2021	6,205
2022	4,677
2023	3,480
2024	2,216
Later years	1,755
Deferred Financing Costs [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2020	6,081
2021	6,205
2022	4,677
2023	3,480
2024	2,216
Later years	1,755
Debt Net of Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2020	226,514
2021	68,282
2022	422,294
2023	538,509
2024	514,792
Later years	1,209,727
Debt Net of Deferred Financing Costs [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2020	226,514
2021	68,282
2022	422,294
2023	538,509
2024	514,792
Later years	$ 1,209,727

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)

Feb. 01, 2019USD ($)

Dec. 18, 2018USD ($)

Mar. 19, 2018

Mar. 16, 2018USD ($)

May 15, 2017USD ($)

Jan. 28, 2016USD ($)

Jan. 10, 2014USD ($)

Oct. 30, 2012USD ($)

Feb. 09, 2012USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Jan. 17, 2019USD ($)

Debt Instrument [Line Items]

Proceeds received from term A loans

$ 599,250,000

$ 450,000,000

Additional revolving commitment

$ 100,000,000

Outstanding revolving credit facility

$ 150,000,000

Remaining borrowing capacity under revolving credit facility

387,291,000

Aggregate principal amount of debt issued

3,004,532,000

Debt instrument outstanding amount

3,004,532,000

2,914,552,000

Loss on debt extinguishment

15,429,000

71,000

AR Program [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Dec. 17, 2021

Aggregate principal amount of debt issued

$ 175,000,000

Debt instrument outstanding amount

$ 175,000,000

175,000,000

Bearing interest rate

3.30%

5 7/8% Senior Subordinated Notes [Member]

Debt Instrument [Line Items]

Redemption price, percentage of loan

101.958%

Aggregate principal amount of debt issued

$ 500,000,000

Interest rate on convertible notes

5.875%

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]

Aggregate principal amount of debt issued

$ 535,000,000

Debt instrument outstanding amount

$ 535,000,000

$ 535,000,000

Interest rate on convertible notes

5.00%

5.00%

5.00%

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]

Aggregate principal amount of debt issued

$ 510,000,000

Debt instrument outstanding amount

$ 510,000,000

$ 510,000,000

Interest rate on convertible notes

5.375%

5.375%

5.375%

Net proceeds from the issuance of debt

$ 502,300,000

Redemption price percentage of the principal amount to be purchased

101.00%

5 3/4% Senior Notes [Member]

Debt Instrument [Line Items]

Aggregate principal amount of debt issued

$ 400,000,000

Debt instrument outstanding amount

$ 654,345,000

$ 400,000,000

Interest rate on convertible notes

5.75%

5.75%

5.75%

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, 2021 [Member]

Debt Instrument [Line Items]

Redemption price, percentage of loan

100.00%

5 3/4% Senior Notes [Member] | Private Placement [Member]

Debt Instrument [Line Items]

Aggregate principal amount of debt issued

$ 250,000,000

Interest rate on convertible notes

5.75%

Net proceeds from the issuance of debt

$ 251,500,000

Letter of Credit [Member]

Debt Instrument [Line Items]

Letter of credit outstanding balance

$ 12,709,000

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Debt Instrument [Line Items]

Proceeds received from term A loans

$ 599,250,000

450,000,000

Debt instrument outstanding amount

3,004,532,000

2,914,552,000

Loss on debt extinguishment

15,429,000

$ 71,000

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | AR Program [Member]

Debt Instrument [Line Items]

Debt instrument outstanding amount

175,000,000

175,000,000

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5% Senior Subordinated Notes [Member]

Debt Instrument [Line Items]

Debt instrument outstanding amount

$ 535,000,000

$ 535,000,000

Interest rate on convertible notes

5.00%

5.00%

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5 3/8% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument outstanding amount

$ 510,000,000

$ 510,000,000

Interest rate on convertible notes

5.375%

5.375%

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5 3/4% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument outstanding amount

$ 654,345,000

$ 400,000,000

Interest rate on convertible notes

5.75%

5.75%

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 B Loan Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing limit of incremental loan facility

$ 600,000,000

Debt instrument maturity date

Mar. 16, 2025

Amended and restated date

Mar. 16, 2018

Redemption price, percentage of loan

5.875%

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing limit of incremental loan facility

$ 550,000,000

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	12 Months Ended
	Dec. 31, 2019USD ($)
March 31, 2020-June 30, 2020 [Member] | Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 8,438
March 31, 2020-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)	12 Months Ended
	Dec. 31, 2019
March 31, 2020-June 30, 2020 [Member]
Debt Instrument [Line Items]
Principal payment date	March, 31 2020-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

Asset Retirement Obligation - I

Asset Retirement Obligation - Information Related to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 222,989	$ 215,089
Additions to asset retirement obligations	2,529	7,583
Accretion expense	4,260	4,404
Liabilities settled	(3,641)	(4,087)
Ending Balance	$ 226,137	$ 222,989

Depreciation and Amortization -

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 250,028	$ 225,261	$ 211,104
Direct Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	235,544	212,585	196,107
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	4,416	4,134	4,151
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 10,068	$ 8,542	$ 10,846

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
TCJA, Tax benefit to Current tax expense			$ 3,372,000
TCJA, Tax benefit to deferred tax expense			$ 466,000
Income taxes payable	$ 384,000	$ 458,000
Income tax rate	21.00%	21.00%	35.00%
Remaining minimum tax credit carryforward, cash benefit			$ 2,054,000
Net change in total state valuation allowance	$ (1,032,000)	$ 3,814,000
Valuation allowance for deferred tax assets	22,902,000	23,934,000
Undistributed earnings of subsidiaries	23,811,000
Deferred tax liabilities foreign withholding taxes	1,191,000	882,000
Current income tax expense (benefit) related to current period earnings	180,000
Tax benefit prior year earnings repatriated	(170,000)
Unrecognized tax benefits	4,450,000	3,207,000	$ 2,067,000
Income tax penalties and interest expense	334,000	411,000
Expect to decrease in unrecognized tax benefits in next twelve months	970,000
State and Local Jurisdiction [Member]
Income Tax [Line Items]
Net operating loss carry forwards	831,791,000
Amounts of credits available to offset income tax	135,000
Valuation allowance for deferred tax assets	0	0
Net change in total state valuation allowance	0	$ 0
Foreign Tax Authority
Income Tax [Line Items]
Net operating loss carry forwards	48,135,000
Amounts of credits available to offset income tax	$ 153,000
Earliest Tax Year [Member] | Foreign Tax Authority
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2020
Latest Tax Year [Member] | Foreign Tax Authority
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2028
US [Member]
Income Tax [Line Items]
Net operating loss carry forwards	$ 244,121,000
Amounts of credits available to offset income tax	$ 2,745,000
US [Member] | Earliest Tax Year [Member]
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2026
US [Member] | Latest Tax Year [Member]
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2037
Internal Revenue Service IRS [Member]
Income Tax [Line Items]
Net operating loss carry forwards	$ 47,358,000

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. federal, Current	$ 6,045	$ 4,952	$ 4,174
State and local, Current	2,699	2,615	2,706
Foreign, Current	1,164	1,592	1,546
Total Current	9,908	9,159	8,426
U.S. federal, Deferred	(13,450)	435	359
State and local, Deferred	(2,654)	(123)	(170)
Foreign, Deferred	1,974	1,226	615
Total, Deferred	(14,130)	1,538	804
U.S. federal, Total	(7,405)	5,387	4,533
State and local, Total	45	2,492	2,536
Foreign, Total	3,138	2,818	2,161
Income tax expense	$ (4,222)	$ 10,697	$ 9,230

Income Taxes - U.S. and Foreign

Income Taxes - U.S. and Foreign Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S.	$ 357,445	$ 317,695	$ 332,607
Foreign	10,444	(1,766)	(5,701)
Income before income tax expense	$ 367,889	$ 315,929	$ 326,906

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax expense at U.S. federal statutory rate	$ 77,257	$ 66,345	$ 114,417
Tax adjustment related to REIT	(70,619)	(63,669)	(109,294)
State and local income taxes, net of federal income tax benefit	2,039	1,461	1,193
Book expenses not deductible for tax purposes	4,144	1,926	2,635
Stock-based compensation	(1,177)	1,090	(121)
Valuation allowance	(1,032)	3,813	3,953
Rate change		(80)	(466)
Undistributed earnings of foreign subsidiaries	(102)	(393)	1,363
Minimum tax credit refundable			(4,108)
Deferred tax adjustment due to REIT conversion	(17,031)
Other differences, net	2,299	204	(342)
Income tax expense	$ (4,222)	$ 10,697	$ 9,230

Income Taxes - Schedule of Ef_2

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	$ 76,688	$ 69,818	$ 110,442
Valuation allowance	$ (1,032)	$ 3,813	$ 3,953
Income tax rate	21.00%	21.00%	35.00%
Rate change		$ 80	$ 466
Recognized a deferred tax charge for future foreign withholding taxes related to undistributed earnings	$ (102)	(393)	1,363
Minimum tax credit carryforward, cash benefit			$ 4,108
Alternative minimum tax carryforwards utilized refundable year			2021
Deferred tax benefit, relates to transfer of assets purchased	17,031
One-time transition tax, cash charge			$ 736
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	$ (1,031)	$ 3,813	$ 3,953

Income Taxes - Components of De

Income Taxes - Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for doubtful accounts	$ 499	$ 654
Accrued liabilities not deducted for tax purposes	3,431	7,022
Net operating loss carry forwards	19,522	34,716
Tax credit carry forwards	1,140	320
Charitable contributions carry forward	5	47
Investment in partnerships	382
Gross deferred tax assets	24,979	42,759
Less: valuation allowance	(22,902)	(23,934)
Net deferred tax assets	2,077	18,825
Deferred tax liabilities:
Intangibles	(5,898)	(6,565)
Investment in partnerships		(31,746)
Property, plant and equipment	(701)	(366)
Undistributed earnings of foreign subsidiaries	(1,191)	(882)
Gross deferred tax liabilities	(7,790)	(39,559)
Net deferred tax liabilities	$ (5,713)	$ (20,734)

Income Taxes - Reconciliation U

Income Taxes - Reconciliation Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Beginning balance	$ 3,207	$ 2,067
Additions for tax positions related to current year	974	932
Additions for tax positions related to prior years	386	238
Lapse of statute of limitations	(117)	(30)
Ending balance	$ 4,450	$ 3,207

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Receivables from employees	$ 0	$ 80
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Related Party Transaction [Line Items]
Amount payable to parent company	4,779	5,571
Amount contributed to affiliate	$ 69,822	$ 89,967
Sean E. Reilly and Kevin P. Reilly, Jr. [Member] | RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	100.00%
Chief Executive Officer, Chairman of Board of Directors, President and Families [Member] | RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	89.00%
EATEL CORP, LLC [Member] | RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Aggregate amount paid on backup-recovery services	$ 302
Advertising services aggregate amount	$ 137
Reilly Family, LLC [Member] | RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	11.00%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 16, 1999	Dec. 31, 2019	Dec. 31, 2018	May 01, 2018
Class of Stock [Line Items]
Liquidation value of outstanding preferred stock		$ 3,649
Preferred stock voting right		Series AA preferred stock is entitled to one vote per share.
Class B common stock voting rights		holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class A common stock have one vote per share on such matters.
Shares issued		266,410	576,002
Shelf Registration [Member]
Class of Stock [Line Items]
Shares issued		0
Series AA Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	5,720	5,720	5,720
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Dividends paid to preferred stock	15.95
Amount entitled	$ 638
Preferred Class A [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock, par value		$ 0.001	$ 0.001	$ 0.001
Issuance of shares related to acquisition			163,137
Common Class A [Member] | Equity Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, shares sold		842,412
Common stock, shares available to be sold		$ 336,668
Common Class A [Member] | Maximum [Member]
Class of Stock [Line Items]
Aggregate offering price of common stock issuable				$ 400,000

Stock Compensation Plans - Addi

Stock Compensation Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 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 which primarily includes 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.
Period of graded vesting for option valuation	4 years
Period of cliff vesting for option valuation	5 years
Expected dividend yield	5.00%	5.00%	5.00%
Total unrecognized compensation cost related to nonvested awards	$ 3,173
Weighted average number of years over which compensation cost related to nonvested awards is expected to be recognized	1 year 9 months 7 days
Shares available for future stock option and restricted share grants to employees and directors under existing plans	2,669,471
Aggregate intrinsic value of options outstanding	$ 19,034
Aggregate intrinsic value of options exercisable	15,502
Total intrinsic value of options exercised	12,433
Accrued expenses, liability	$ 23,297	$ 19,211
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected Volatility	90.00%
Volatility rate on publicly traded options	10.00%
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	17,500,000
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%
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	85,162
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	300,000
Performance Based Compensation [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 22,838
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

Stock Compensation Plans - Weig

Stock Compensation Plans - Weighted Average Fair Value of Options Granted (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Dividend Yield	5.00%	5.00%	5.00%
Expected Volatility	46.00%	46.00%	45.00%
Risk Free Interest Rate	2.00%	2.00%	2.00%
Expected Lives	6 years	6 years	6 years

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock Option Transactions Under Various Stock-Based Employee Compensation Plans (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding, Beginning Balance, Shares	836,859
Granted, Shares	117,000
Exercised, Shares	(340,684)	(361,618)	(554,049)
Forfeited, Shares	(4,800)
Outstanding, Ending Balance, Shares	608,375	836,859
Exercisable, Ending Balance, Shares	401,375
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 49.65
Granted, Weighted Average Exercise Price	76.92
Exercised, Weighted-Average Exercise Price	43.98
Forfeited, Weighted Average Exercise Price	61.23
Outstanding, Ending Balance, Weighted Average Exercise Price	57.97	$ 49.65
Exercisable, Ending Balance, Weighted Average Exercise Price	$ 50.64
Outstanding, Ending balance, Weighted Average Remaining Contractual Term	5 years 8 months 15 days
Exercisable, Ending Balance, Weighted Average Remaining Contractual Term	4 years 3 months 21 days

Stock Compensation Plans - Summ

Stock Compensation Plans - Summary of ESPP Share Activity (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Purchases	(129,972)	(126,012)	(107,978)
Available for future purchases, December 31, 2019	2,669,471
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	85,162
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	300,000
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2019	183,244
Purchases	(129,972)
Available for future purchases, December 31, 2019	438,434	183,244
Employee Stock Purchase Plan [Member] | 2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	85,162
Employee Stock Purchase Plan [Member] | 2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	300,000

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employees eligibility	completed one year of service and are at least 21 years of age
Minimum years of service required to participate in Company sponsored saving and profit sharing plan	1 year
Minimum age required to participate in Company sponsored saving and profit sharing plan	21 years
Employers contribution and compensation	match 50% of employees’ contributions up to 5% of eligible compensation
Employers contribution as percentage of employees contribution	50.00%
Employers contribution as percentage of employees compensation	5.00%
Employees contribution limit	100.00%
Fully vesting period of contribution	3 years
Minimum age for entitlement to benefit of deferred compensation plan	30 years
Minimum years of experience to attain the benefit of deferred compensation plan	10 years
Deferred compensation arrangement with individual employees contribution minimum	$ 3,000
Deferred compensation arrangement with individual employees contribution maximum	8,000
Deferred Profit Sharing [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	5,688,000	$ 4,966,000	$ 4,715,000
Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	1,675,000	$ 1,585,000	$ 1,526,000
Benefit Plans [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Letters of credit with bank	$ 8,091,000

Commitment and Contingencies -

Commitment and Contingencies - Summary of Minimum Payments Related to Agreements (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Commitments And Contingencies Disclosure [Abstract]
2020	$ 20,621
2021	16,965
2022	16,702
2023	15,614
2024	14,624
Thereafter	$ 1,289

Distribution Restrictions - Add

Distribution Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 3,389,763	$ 3,156,061
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	$ 2,140,441
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

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 3,064,068
Gross amount of company's long term debt	3,004,532
Carrying amount of company's long term debt	$ 3,004,532	$ 2,914,552

Information about Geographic _2

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 4,549	$ 2,387
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 34,517	$ 35,146	$ 33,424

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating liabilities, expected to be recognized	$ 1,068,181,000
Retained earnings	(708,408,000)	$ (695,337,000)
ASU 2018-11 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating liabilities, expected to be recognized	1,200,000,000
Retained earnings	$ 0

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interim Reporting [Line Items]
Net revenues	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 1,753,644	$ 1,627,222	$ 1,541,260
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 308,287	$ 308,940	$ 302,352	$ 243,987	$ 285,826	$ 277,799	$ 279,016	$ 222,733
Net income applicable to common stock	$ 102,661	$ 99,618	$ 118,305	$ 51,162	$ 95,601	$ 93,965	$ 100,340	$ 14,961	$ 371,746	$ 304,867	$ 317,311
Net income									$ 372,111	$ 305,232	$ 317,676
Net income per common share basic	$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 0.97	$ 0.95	$ 1.02	$ 0.15	$ 3.71	$ 3.09	$ 3.24
Net income per common share diluted	$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 0.96	$ 0.95	$ 1.02	$ 0.15	$ 3.71	$ 3.08	$ 3.23
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Interim Reporting [Line Items]
Net revenues	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 1,753,644	$ 1,627,222	$ 1,541,260
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 308,287	$ 308,940	$ 302,352	$ 243,987	$ 285,826	$ 277,799	$ 279,016	$ 222,733
Net income	$ 102,861	$ 99,832	$ 118,485	$ 51,362	$ 95,788	$ 94,165	$ 100,520	$ 15,158	$ 372,540	$ 305,631	$ 318,058

Divestiture of Assets - Additio

Divestiture of Assets - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 16, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Divestiture Of Assets [Line Items]
(Gain) loss on disposition of assets		$ (7,241)	$ 7,233	$ (4,664)
Puerto Rico [Member]
Divestiture Of Assets [Line Items]
Non-cash consideration consisting of note receivable	$ 9,250
Cash on sale of assets	$ 3,000
(Gain) loss on disposition of assets		$ 0	$ 7,809

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Feb. 20, 2020	Feb. 06, 2020	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Jan. 17, 2019	Mar. 16, 2018	Jan. 10, 2014
Subsequent Event [Line Items]
Aggregate principal amount of debt issued					$ 3,004,532,000
Proceeds received from term loans			$ 599,250,000	$ 450,000,000
5 3/8% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued								$ 510,000,000
Interest rate on convertible notes			5.375%		5.375%			5.375%
Subsequent Events [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued		$ 1,000,000,000
Subsequent Events [Member] | 3 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued		$ 600,000,000
Interest rate on convertible notes		3.75%
Subsequent Events [Member] | 4% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued		$ 400,000,000
Interest rate on convertible notes		4.00%
Subsequent Events [Member] | 5 3/8% Senior Notes [Member]
Subsequent Event [Line Items]
Interest rate on convertible notes	5.375%
Debt instrument redemption date	Feb. 20, 2020
Term B Loan Facility [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity							$ 600,000,000
Term B Loan Facility [Member] | Subsequent Events [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity		$ 600,000,000
Proceeds received from term loans		600,000,000
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity						$ 550,000,000
Revolving Credit Facility [Member] | Subsequent Events [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity		$ 750,000,000

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deducted in Balance Sheet from Trade Accounts Receivable: Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 11,161	$ 10,055	$ 9,356
Charged to Costs and Expenses	11,608	8,472	6,762
Deductions	9,584	7,366	6,063
Balance at End of Period	13,185	11,161	10,055
Deducted in Balance Sheet from Trade Accounts Receivable: Allowance for Doubtful Accounts [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	11,161	10,055	9,356
Charged to Costs and Expenses	11,608	8,472	6,762
Deductions	9,584	7,366	6,063
Balance at End of Period	13,185	11,161	10,055
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	23,934	20,120	16,167
Charged to Costs and Expenses		3,814	3,953
Deductions	1,032
Balance at End of Period	22,902	23,934	20,120
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	23,934	20,120	16,167
Charged to Costs and Expenses		3,814	3,953
Deductions	1,032
Balance at End of Period	$ 22,902	$ 23,934	$ 20,120

Schedule III - Schedule of Real

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Display	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays | Display	391,456
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	3,333,590	$ 3,201,434	$ 3,074,046	$ 2,998,540
Accumulated Depreciation	$ (2,166,579)	(2,082,335)	(2,025,251)	(1,973,958)
Construction Date	Various
Acquisition Date	Various
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays | Display	391,456
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	3,333,590	3,201,434	3,074,046	2,998,540
Accumulated Depreciation	$ (2,166,579)	$ (2,082,335)	$ (2,025,251)	$ (1,973,958)
Construction Date	Various
Acquisition Date	Various
Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	5 years
Minimum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	5 years
Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	20 years
Maximum [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	20 years

Schedule III - Schedule of Re_2

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019Asset
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of single asset exceeded 5% of the total gross carrying amount	0
Percentage of asset contribution to total gross carrying amount	5.00%
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of single asset exceeded 5% of the total gross carrying amount	0
Percentage of asset contribution to total gross carrying amount	5.00%

Schedule III - Summary of Compa

Schedule III - Summary of Company's Real Estate Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Gross real estate assets:
Balance at the beginning of the year	$ 3,201,434	$ 3,074,046	$ 2,998,540
Capital expenditures on new advertising displays	59,604	54,151	49,946
Capital expenditures on improvements/redevelopments of existing advertising displays	25,025	12,781	6,265
Capital expenditures other recurring	36,354	34,758	32,523
Land acquisitions	22,965	15,368	14,904
Acquisition of advertising displays	23,589	82,617	32,109
Assets sold or written-off	(35,320)	(70,494)	(61,306)
Foreign exchange	(61)	(1,793)	1,065
Balance at the end of the year	3,333,590	3,201,434	3,074,046
Accumulated depreciation:
Balance at the beginning of the year	2,082,335	2,025,251	1,973,958
Depreciation	111,531	106,700	102,494
Assets sold or written-off	(27,890)	(48,488)	(51,976)
Foreign exchange	603	(1,128)	775
Balance at the end of the year	2,166,579	2,082,335	2,025,251
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Gross real estate assets:
Balance at the beginning of the year	3,201,434	3,074,046	2,998,540
Capital expenditures on new advertising displays	59,604	54,151	49,946
Capital expenditures on improvements/redevelopments of existing advertising displays	25,025	12,781	6,265
Capital expenditures other recurring	36,354	34,758	32,523
Land acquisitions	22,965	15,368	14,904
Acquisition of advertising displays	23,589	82,617	32,109
Assets sold or written-off	(35,320)	(70,494)	(61,306)
Foreign exchange	(61)	(1,793)	1,065
Balance at the end of the year	3,333,590	3,201,434	3,074,046
Accumulated depreciation:
Balance at the beginning of the year	2,082,335	2,025,251	1,973,958
Depreciation	111,531	106,700	102,494
Assets sold or written-off	(27,890)	(48,488)	(51,976)
Foreign exchange	603	(1,128)	775
Balance at the end of the year	$ 2,166,579	$ 2,082,335	$ 2,025,251

Schedule III - Summary of Com_2

Schedule III - Summary of Company's Real Estate Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
New Advertising Displays [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 554	$ 446	$ 921
New Advertising Displays [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	554	446	921
Acquisition of Advertising Displays [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	1,928	7,199	3,043
Acquisition of Advertising Displays [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 1,928	$ 7,199	$ 3,043

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Total current assets	$ 310,169	$ 363,669
Net property, plant and equipment	1,349,115	1,295,048
Operating lease right of use assets	1,320,779
Other assets	56,574	51,085
Total assets	5,941,155	4,544,641
Current liabilities:
Current maturities of long-term debt	226,514	204,120
Current operating lease liabilities	196,841
Total current liabilities	672,808	455,035
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
Operating lease liabilities	1,068,181
Total liabilities	4,760,849	3,412,857
Stockholders’ equity	1,180,306	1,131,784	$ 1,103,493	$ 1,069,528
Total liabilities and stockholders’ equity	5,941,155	4,544,641
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
ASSETS
Total current assets	309,669	363,169
Net property, plant and equipment	1,349,115	1,295,048
Operating lease right of use assets	1,320,779
Intangibles and goodwill, net	2,893,899	2,824,219
Other assets	50,959	45,450
Total assets	5,924,421	4,527,886
Current liabilities:
Current maturities of long-term debt	226,514	204,120
Current operating lease liabilities	196,841
Other current liabilities	243,494	245,748
Total current liabilities	666,849	449,868
Long-term debt, net of deferred financing costs	2,753,604	2,684,568
Operating lease liabilities	1,068,181
Other noncurrent liabilities	266,256	273,254
Total liabilities	4,754,890	3,407,690
Stockholders’ equity	1,169,531	1,120,196
Total liabilities and stockholders’ equity	5,924,421	4,527,886
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
ASSETS
Total current assets	13,859	4,653
Other assets	4,193,629	4,056,288
Total assets	4,207,488	4,060,941
Current liabilities:
Current maturities of long-term debt	51,480	29,086
Other current liabilities	26,960	27,067
Total current liabilities	78,440	56,153
Long-term debt, net of deferred financing costs	2,753,570	2,684,500
Other noncurrent liabilities	205,947	200,092
Total liabilities	3,037,957	2,940,745
Stockholders’ equity	1,169,531	1,120,196
Total liabilities and stockholders’ equity	4,207,488	4,060,941
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
ASSETS
Total current assets	53,756	121,549
Net property, plant and equipment	1,340,675	1,289,348
Operating lease right of use assets	1,293,674
Intangibles and goodwill, net	2,875,644	2,804,915
Other assets	229,905	230,504
Total assets	5,793,654	4,446,316
Current liabilities:
Current maturities of long-term debt	34	34
Current operating lease liabilities	189,071
Other current liabilities	196,689	204,103
Total current liabilities	385,794	204,137
Long-term debt, net of deferred financing costs	34	68
Operating lease liabilities	1,049,220
Other noncurrent liabilities	231,416	246,312
Total liabilities	1,666,464	450,517
Stockholders’ equity	4,127,190	3,995,799
Total liabilities and stockholders’ equity	5,793,654	4,446,316
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	242,054	236,967
Net property, plant and equipment	8,440	5,700
Operating lease right of use assets	27,105
Intangibles and goodwill, net	18,255	19,304
Other assets	184,805	184,247
Total assets	480,659	446,218
Current liabilities:
Current maturities of long-term debt	175,000	175,000
Current operating lease liabilities	7,770
Other current liabilities	19,845	14,578
Total current liabilities	202,615	189,578
Operating lease liabilities	18,961
Other noncurrent liabilities	250,859	251,835
Total liabilities	472,435	441,413
Stockholders’ equity	8,224	4,805
Total liabilities and stockholders’ equity	480,659	446,218
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
ASSETS
Other assets	(4,557,380)	(4,425,589)
Total assets	(4,557,380)	(4,425,589)
Current liabilities:
Other noncurrent liabilities	(421,966)	(424,985)
Total liabilities	(421,966)	(424,985)
Stockholders’ equity	(4,135,414)	(4,000,604)
Total liabilities and stockholders’ equity	$ (4,557,380)	$ (4,425,589)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 1,753,644	$ 1,627,222	$ 1,541,260
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 590,078	$ 561,848	$ 540,880
General and administrative expenses									318,380	289,428	276,229
Depreciation and amortization									250,028	225,261	211,104
(Gain) loss on disposition of assets and investments									(7,241)	7,233	(4,664)
Total Operating Expenses									1,235,903	1,166,666	1,085,893
Operating income									517,741	460,556	455,367
Income before income tax expense									367,889	315,929	326,906
Income tax (benefit) expense									(4,222)	10,697	9,230
Net income									372,111	305,232	317,676
Statements of Comprehensive Income
Net income									372,111	305,232	317,676
Comprehensive income									$ 372,784	$ 303,942	$ 319,602
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 1,753,644	$ 1,627,222	$ 1,541,260
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 590,078	$ 561,848	$ 540,880
General and administrative expenses									318,380	289,428	276,229
Corporate expenses									84,229	82,497	61,962
Depreciation and amortization									250,028	225,261	211,104
(Gain) loss on disposition of assets and investments									(7,241)	7,233	(4,664)
Total Operating Expenses									1,235,474	1,166,267	1,085,511
Operating income									518,170	460,955	455,749
Interest expense (income), net									149,852	129,198	128,390
Income before income tax expense									368,318	316,328	327,288
Income tax (benefit) expense									(4,222)	10,697	9,230
Net income									372,540	305,631	318,058
Statements of Comprehensive Income
Net income									372,540	305,631	318,058
Foreign currency translation adjustments									673	(1,290)	1,926
Comprehensive income									$ 373,213	304,341	319,984
Other expenses (income)										$ 15,429	$ 71
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
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Equity in (earnings) loss of subsidiaries									$ (517,516)	$ (450,791)	$ (446,520)
Interest expense (income), net									144,976	129,731	128,391
Income before income tax expense									372,540	305,631	318,058
Net income									372,540	305,631	318,058
Statements of Comprehensive Income
Net income									372,540	305,631	318,058
Comprehensive income									$ 372,540	305,631	318,058
Other expenses (income)										$ 15,429	$ 71
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 1,709,691	$ 1,579,619	$ 1,494,275
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 564,877	$ 537,269	$ 512,247
General and administrative expenses									310,813	280,874	266,798
Corporate expenses									82,652	80,861	60,830
Depreciation and amortization									247,191	219,341	201,424
(Gain) loss on disposition of assets and investments									(3,103)	(576)	(5,704)
Total Operating Expenses									1,202,430	1,117,769	1,035,595
Operating income									507,261	461,850	458,680
Interest expense (income), net									(149)	(99)	(5)
Income before income tax expense									507,410	461,949	458,685
Income tax (benefit) expense									(7,360)	7,879	7,069
Net income									514,770	454,070	451,616
Statements of Comprehensive Income
Net income									514,770	454,070	451,616
Comprehensive income									$ 514,770	$ 454,070	$ 451,616
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 46,804	$ 50,352	$ 51,332
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 28,052	$ 27,307	$ 31,277
General and administrative expenses									7,567	8,554	9,431
Corporate expenses									1,577	1,636	1,132
Depreciation and amortization									2,837	5,920	9,680
(Gain) loss on disposition of assets and investments									(4,138)	7,809	1,040
Total Operating Expenses									35,895	51,226	52,560
Operating income									10,909	(874)	(1,228)
Interest expense (income), net									5,025	(413)	1,707
Income before income tax expense									5,884	(461)	(2,935)
Income tax (benefit) expense									3,138	2,818	2,161
Net income									2,746	(3,279)	(5,096)
Statements of Comprehensive Income
Net income									2,746	(3,279)	(5,096)
Foreign currency translation adjustments									673	(1,290)	1,926
Comprehensive income									$ 3,419	$ (4,569)	$ (3,170)
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ (2,851)	$ (2,749)	$ (4,347)
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ (2,851)	$ (2,728)	$ (2,644)
Total Operating Expenses									(2,851)	(2,728)	(2,644)
Operating income										(21)	(1,703)
Equity in (earnings) loss of subsidiaries									517,516	450,791	446,520
Interest expense (income), net										(21)	(1,703)
Income before income tax expense									(517,516)	(450,791)	(446,520)
Net income									(517,516)	(450,791)	(446,520)
Statements of Comprehensive Income
Net income									(517,516)	(450,791)	(446,520)
Comprehensive income									$ (517,516)	$ (450,791)	$ (446,520)

Condensed Consolidating State_2

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 630,865	$ 564,846	$ 507,016
Cash flows from investing activities:
Capital expenditures	(140,956)	(117,638)	(109,329)
Acquisitions	(226,278)	(477,389)	(297,305)
Proceeds from disposition of assets and investments	5,438	6,648	6,053
Proceeds received from property insurance claims	210	4,222
(Increase) decrease in notes receivable	(448)	9	515
Net cash (used in) provided by investing activities	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Proceeds received from revolving credit facility	495,000	563,000	495,000
Payment on revolving credit facility	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(34,471)	(27,328)	(16,993)
Proceeds received from senior credit facility term loans		599,250	450,000
Proceeds received from accounts receivable securitization program	9,000	175,000
Payments on accounts receivable securitization program	(9,000)
Debt issuance costs	(4,463)	(7,616)	(4,941)
Redemption of senior subordinated notes		(509,790)
Proceeds received from note offering	255,000
Distributions to non-controlling interest	(621)	(541)	(693)
Cash flows (used in) provided by financing activities	(264,357)	(73,563)	(28,641)
Effect of exchange rate changes in cash and cash equivalents	220	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	21,494	115,471	35,530
Cash and cash equivalents at end of period	26,188	21,494	115,471
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	604,940	537,085	484,240
Cash flows from investing activities:
Capital expenditures	(140,956)	(117,638)	(109,329)
Acquisitions	(226,278)	(477,389)	(297,305)
Proceeds from disposition of assets and investments	5,438	6,648	6,053
Proceeds received from property insurance claims	210	4,222
(Increase) decrease in notes receivable	(448)	9	515
Net cash (used in) provided by investing activities	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Proceeds received from revolving credit facility	495,000	563,000	495,000
Payment on revolving credit facility	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(34,471)	(27,328)	(16,993)
Payment on senior credit facility			(247,500)
Proceeds received from senior credit facility term loans		599,250	450,000
Proceeds received from accounts receivable securitization program	9,000	175,000
Payments on accounts receivable securitization program	(9,000)
Debt issuance costs	(4,463)	(7,616)	(4,941)
Redemption of senior subordinated notes		(509,790)
Proceeds received from note offering	255,000
Distributions to non-controlling interest	(621)	(541)	(693)
Dividends (to) from parent	(393,700)	(446,744)	(252,925)
Contributions from (to) parent	69,822	89,967	49,187
Cash flows (used in) provided by financing activities	(238,433)	(45,802)	(5,865)
Effect of exchange rate changes in cash and cash equivalents	221	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	20,994	114,971	35,030
Cash and cash equivalents at end of period	25,688	20,994	114,971
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	469,907	430,896	383,370
Cash flows from investing activities:
Acquisitions			3,750
Investment in subsidiaries	(226,278)	(498,226)	(301,055)
Decrease in intercompany notes receivable	3,787	30,034	(7,624)
(Increase) decrease in notes receivable	(448)	9	515
Net cash (used in) provided by investing activities	(222,939)	(468,183)	(304,414)
Cash flows from financing activities:
Proceeds received from revolving credit facility	495,000	563,000	495,000
Payment on revolving credit facility	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(34,471)	(27,297)	(16,993)
Payment on senior credit facility			(247,500)
Proceeds received from senior credit facility term loans		599,250	450,000
Debt issuance costs	(4,463)	(7,616)	(4,941)
Redemption of senior subordinated notes		(509,790)
Proceeds received from note offering	255,000
Intercompany loan proceeds (payments)		175,000
Dividends (to) from parent	(393,700)	(446,744)	(252,925)
Contributions from (to) parent	69,822	89,967	49,187
Cash flows (used in) provided by financing activities	(237,812)	(45,230)	(5,172)
Net increase (decrease) in cash and cash equivalents	9,156	(82,517)	73,784
Cash and cash equivalents at beginning of period	4,029	86,546	12,762
Cash and cash equivalents at end of period	13,185	4,029	86,546
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	738,030	689,718	602,504
Cash flows from investing activities:
Capital expenditures	(136,696)	(113,259)	(104,325)
Acquisitions	(226,278)	(477,389)	(298,901)
Proceeds from disposition of assets and investments	5,438	3,839	6,053
Proceeds received from property insurance claims	210
Net cash (used in) provided by investing activities	(357,326)	(586,809)	(397,173)
Cash flows from financing activities:
Principal payments on long-term debt		(31)
Intercompany loan proceeds (payments)	(702)	(24,688)
Dividends (to) from parent	(609,657)	(566,386)	(503,808)
Contributions from (to) parent	226,278	498,226	298,901
Cash flows (used in) provided by financing activities	(384,081)	(92,879)	(204,907)
Net increase (decrease) in cash and cash equivalents	(3,377)	10,030	424
Cash and cash equivalents at beginning of period	11,655	1,625	1,201
Cash and cash equivalents at end of period	8,278	11,655	1,625
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	6,660	(17,143)	2,174
Cash flows from investing activities:
Capital expenditures	(4,260)	(4,379)	(5,004)
Acquisitions			(2,154)
Proceeds from disposition of assets and investments		2,809
Proceeds received from property insurance claims		4,222
Net cash (used in) provided by investing activities	(4,260)	2,652	(7,158)
Cash flows from financing activities:
Proceeds received from accounts receivable securitization program	9,000	175,000
Payments on accounts receivable securitization program	(9,000)
Intercompany loan proceeds (payments)	(3,085)	(180,346)	7,624
Distributions to non-controlling interest	(621)	(541)	(693)
Contributions from (to) parent			2,154
Cash flows (used in) provided by financing activities	(3,706)	(5,887)	9,085
Effect of exchange rate changes in cash and cash equivalents	221	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	(1,085)	(21,490)	5,733
Cash and cash equivalents at beginning of period	5,310	26,800	21,067
Cash and cash equivalents at end of period	4,225	5,310	26,800
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(609,657)	(566,386)	(503,808)
Cash flows from investing activities:
Investment in subsidiaries	226,278	498,226	301,055
Decrease in intercompany notes receivable	(3,787)	(30,034)	7,624
Net cash (used in) provided by investing activities	222,491	468,192	308,679
Cash flows from financing activities:
Intercompany loan proceeds (payments)	3,787	30,034	(7,624)
Dividends (to) from parent	609,657	566,386	503,808
Contributions from (to) parent	(226,278)	(498,226)	(301,055)
Cash flows (used in) provided by financing activities	$ 387,166	$ 98,194	$ 195,129