Lamar Service S-4 4 Sep 20 Registration of securities issued in business combination transactions Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2020
Document Information [Line Items]
Document Type	S-4
Amendment Flag	false
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	0000899045
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 177,093	$ 26,188	$ 21,494
Receivables, net of allowance for doubtful accounts	232,176	254,930	235,576
Prepaid lease and contract expenses			80,684
Other current assets	34,968	29,051	25,915
Total current assets	444,237	310,169	363,669
Property, plant and equipment	3,666,749	3,660,311	3,525,725
Less accumulated depreciation and amortization	(2,346,274)	(2,311,196)	(2,230,677)
Net property, plant and equipment	1,320,475	1,349,115	1,295,048
Operating lease right of use assets	1,292,917	1,320,779
Goodwill	1,912,161	1,912,274	1,919,386
Intangible assets, net	955,196	992,244	915,453
Other assets	56,595	56,574	51,085
Total assets	5,981,581	5,941,155	4,544,641
Current liabilities:
Trade accounts payable	11,928	14,974	21,246
Current maturities of long-term debt, net of deferred financing costs	9,120	226,514	204,120
Current operating lease liabilities	173,835	196,841
Accrued expenses	73,071	107,225	122,467
Deferred income	125,908	127,254	107,202
Total current liabilities	393,862	672,808	455,035
Long-term debt, net of deferred financing costs	3,146,779	2,753,604	2,684,568
Operating lease liabilities	1,054,140	1,068,181
Deferred income tax liabilities	4,406	5,713	20,734
Asset retirement obligation	224,945	226,137	222,989
Other liabilities	34,078	34,406	29,531
Total liabilities	4,858,210	4,760,849	3,412,857
Stockholders' equity:
Additional paid-in capital	1,955,612	1,922,222	1,852,421
Accumulated comprehensive (loss) income	(173)	685	12
Accumulated deficit	(787,751)	(708,408)	(695,337)
Cost of shares held in treasury	(44,418)	(34,294)	(25,412)
Stockholders' equity	1,123,371	1,180,306	1,131,784
Total liabilities and stockholders' equity	5,981,581	5,941,155	4,544,641
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	176,593	25,688	20,994
Receivables, net of allowance for doubtful accounts	232,176	254,930	235,576
Prepaid lease and contract expenses			80,684
Other current assets	34,968	29,051	25,915
Total current assets	443,737	309,669	363,169
Property, plant and equipment	3,666,749	3,660,311	3,525,725
Less accumulated depreciation and amortization	(2,346,274)	(2,311,196)	(2,230,677)
Net property, plant and equipment	1,320,475	1,349,115	1,295,048
Operating lease right of use assets	1,292,917	1,320,779
Goodwill	1,902,009	1,902,123	1,909,235
Intangible assets, net	954,729	991,776	914,984
Other assets	50,980	50,959	45,450
Total assets	5,964,847	5,924,421	4,527,886
Current liabilities:
Trade accounts payable	11,928	14,974	21,246
Current maturities of long-term debt, net of deferred financing costs	9,120	226,514	204,120
Current operating lease liabilities	173,835	196,841
Accrued expenses	66,701	101,266	117,300
Deferred income	125,908	127,254	107,202
Total current liabilities	387,492	666,849	449,868
Long-term debt, net of deferred financing costs	3,146,779	2,753,604	2,684,568
Operating lease liabilities	1,054,140	1,068,181
Deferred income tax liabilities	4,406	5,713	20,734
Asset retirement obligation	224,945	226,137	222,989
Other liabilities	34,078	34,406	29,531
Total liabilities	4,851,840	4,754,890	3,407,690
Stockholders' equity:
Common stock, value
Additional paid-in capital	3,026,120	2,992,729	2,922,907
Accumulated comprehensive (loss) income	(173)	685	12
Accumulated deficit	(1,912,940)	(1,823,883)	(1,802,723)
Stockholders' equity	1,113,007	1,169,531	1,120,196
Total liabilities and stockholders' equity	5,964,847	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	87	86
Common Class B [Member]
Stockholders' equity:
Common stock, value	$ 14	$ 14	$ 14

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 17,661	$ 13,185	$ 11,161
Current deferred financing costs	0	6,081	5,245
Noncurrent deferred financing costs	$ 43,115	$ 18,333	$ 20,619
Shares held in treasury	614,914	503,198	388,903
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 17,661	$ 13,185	$ 11,161
Current deferred financing costs	0	6,081	5,245
Noncurrent deferred financing costs	$ 43,115	$ 18,333	$ 20,619
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000	3,000
Common stock, shares issued	100	100	100
Common stock, shares outstanding	100	100	100
Series AA Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, cumulative dividends	$ 63.80	$ 63.80	$ 63.80
Preferred stock, shares authorized	5,720	5,720	5,720
Preferred stock, shares issued	5,720	5,720	5,720
Preferred stock, shares outstanding	5,720	5,720	5,720
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized	362,500,000	362,500,000	362,500,000
Common stock, shares issued	87,004,721	86,596,498	85,551,595
Common stock, shares outstanding	86,389,807	86,093,300	85,162,692
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized	37,500,000	37,500,000	37,500,000
Common stock, shares issued	14,420,085	14,420,085	14,420,085
Common stock, shares outstanding	14,420,085	14,420,085	14,420,085

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net revenues	$ 347,652	$ 448,742	$ 754,221	$ 833,199	$ 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
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 134,059	$ 146,390	$ 283,553	$ 286,860	$ 590,078	$ 561,848	$ 540,880
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 67,408	$ 78,416	$ 149,612	$ 157,709	$ 318,380	$ 289,428	$ 276,229
Corporate expenses (exclusive of depreciation and amortization)	16,750	18,674	35,241	35,703	84,658	82,896	62,344
Depreciation and amortization	63,998	61,693	126,311	123,199	250,028	225,261	211,104
(Gain) loss on disposition of assets	(1,015)	(537)	(3,519)	(5,161)	(7,241)	7,233	(4,664)
Total Operating Expenses	281,200	304,636	591,198	598,310	1,235,903	1,166,666	1,085,893
Operating income	66,452	144,106	163,023	234,889	517,741	460,556	455,367
Other expense (income)
Loss on extinguishment of debt	5		18,184			15,429	71
Interest income	(179)	(232)	(369)	(385)	(764)	(534)	(6)
Interest expense	35,437	38,322	71,990	75,917	150,616	129,732	128,396
Non-operating (Income) Expenses	35,263	38,090	89,805	75,532	149,852	144,627	128,461
Income before income tax expense	31,189	106,016	73,218	159,357	367,889	315,929	326,906
Income tax (benefit) expense	(240)	(12,380)	1,296	(10,292)	(4,222)	10,697	9,230
Net income	31,429	118,396	71,922	169,649	372,111	305,232	317,676
Preferred stock dividends	91	91	182	182	365	365	365
Cash dividends declared and paid on preferred stock	91	91	182	182
Net income applicable to common stock	$ 31,338	$ 118,305	$ 71,740	$ 169,467	$ 371,746	$ 304,867	$ 317,311
Earnings per share:
Basic earnings per share	$ 0.31	$ 1.18	$ 0.71	$ 1.70	$ 3.71	$ 3.09	$ 3.24
Diluted earnings per share	0.31	1.18	0.71	1.69	3.71	3.08	3.23
Cash dividends declared per share of common stock	$ 0.50	$ 0.96	$ 1.50	$ 1.92	$ 3.84	$ 3.65	$ 3.32
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	100,765,681	100,012,827	100,677,510	99,862,452	100,130,721	98,817,525	97,930,555
Weighted average common shares outstanding diluted	100,861,881	100,222,082	100,818,347	100,058,054	100,320,574	99,086,160	98,369,865
Statements of Comprehensive Income
Net income	$ 31,429	$ 118,396	$ 71,922	$ 169,649	$ 372,111	$ 305,232	$ 317,676
Other comprehensive income (loss)
Foreign currency translation adjustments	740	287	(858)	546	673	(1,290)	1,926
Comprehensive income	32,169	118,683	71,064	170,195	372,784	303,942	319,602
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	$ 347,652	$ 448,742	$ 754,221	$ 833,199	$ 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
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 134,059	$ 146,390	$ 283,553	$ 286,860	$ 590,078	$ 561,848	$ 540,880
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 67,408	$ 78,416	$ 149,612	$ 157,709	$ 318,380	$ 289,428	$ 276,229
Corporate expenses (exclusive of depreciation and amortization)	16,645	18,585	35,012	35,505	84,229	82,497	61,962
Depreciation and amortization	63,998	61,693	126,311	123,199	250,028	225,261	211,104
(Gain) loss on disposition of assets	(1,015)	(537)	(3,519)	(5,161)	(7,241)	7,233	(4,664)
Total Operating Expenses	281,095	304,547	590,969	598,112	1,235,474	1,166,267	1,085,511
Operating income	66,557	144,195	163,252	235,087	518,170	460,955	455,749
Other expense (income)
Loss on extinguishment of debt	5		18,184			15,429	71
Interest income	(179)	(232)	(369)	(385)	(764)	(534)	(6)
Interest expense	35,437	38,322	71,990	75,917	150,616	129,732	128,396
Non-operating (Income) Expenses	35,263	38,090	89,805	75,532	149,852	144,627	128,461
Income before income tax expense	31,294	106,105	73,447	159,555	368,318	316,328	327,288
Income tax (benefit) expense	(240)	(12,380)	1,296	(10,292)	(4,222)	10,697	9,230
Net income	31,534	118,485	72,151	169,847	372,540	305,631	318,058
Statements of Comprehensive Income
Net income	31,534	118,485	72,151	169,847	372,540	305,631	318,058
Other comprehensive income (loss)
Foreign currency translation adjustments	740	287	(858)	546	673	(1,290)	1,926
Comprehensive income	$ 32,274	$ 118,772	$ 71,293	$ 170,393	$ 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)
Contribution from parent		49,187					49,187
Foreign currency translation	1,926							1,926
Foreign currency translations		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)
Contribution from parent		89,967					89,967
Foreign currency translation	(1,290)							(1,290)
Foreign currency translations		(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	1,178					1,178
Issuance of common stock through stock awards	19,919					19,919
Exercise of stock options	7,352					7,352
Issuance of shares of common stock through employee purchase plan	2,521					2,521
Purchase of treasury stock	(8,682)				(8,682)
Contribution from parent		30,970					30,970
Foreign currency translation	259							259
Foreign currency translations		259							259
Net income	51,253	51,362								51,253	51,362
Dividend to parent		(104,597)									(104,597)
Dividends/distributions to common shareholders	(95,915)									(95,915)
Dividends	(91)									(91)
Ending Balance at Mar. 31, 2019	1,109,578	1,098,190	86	14	(34,094)	1,883,391	2,953,877	271	271	(740,090)	(1,855,958)
Beginning 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)
Foreign currency translation	546
Foreign currency translations		546
Net income	169,649	169,847
Ending Balance at Jun. 30, 2019	1,139,295	1,128,088	86	14	(34,094)	1,890,555	2,961,042	558	558	(717,824)	(1,833,512)
Beginning 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)
Contribution from parent		69,822					69,822
Foreign currency translation	673							673
Foreign currency translations		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)
Beginning Balance at Mar. 31, 2019	1,109,578	1,098,190	86	14	(34,094)	1,883,391	2,953,877	271	271	(740,090)	(1,855,958)
Non-cash compensation	1,425					1,425
Exercise of stock options	3,943					3,943
Issuance of shares of common stock through employee purchase plan	1,796					1,796
Contribution from parent		7,165					7,165
Foreign currency translation	287							287
Foreign currency translations		287							287
Net income	118,396	118,485								118,396	118,485
Dividend to parent		(96,039)									(96,039)
Dividends/distributions to common shareholders	(96,039)									(96,039)
Dividends	(91)									(91)
Ending Balance at Jun. 30, 2019	1,139,295	1,128,088	86	14	(34,094)	1,890,555	2,961,042	558	558	(717,824)	(1,833,512)
Beginning 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)
Non-cash compensation	1,261					1,261
Issuance of common stock through stock awards	24,956					24,956
Exercise of stock options	652					652
Issuance of shares of common stock through employee purchase plan	2,560					2,560
Purchase of treasury stock	(10,068)				(10,068)
Contribution from parent		29,429					29,429
Foreign currency translation	(1,598)							(1,598)
Foreign currency translations		(1,598)							(1,598)
Net income	40,493	40,617								40,493	40,617
Dividend to parent		(110,755)									(110,755)
Dividends/distributions to common shareholders	(100,687)									(100,687)
Dividends	(91)									(91)
Ending Balance at Mar. 31, 2020	1,137,784	1,127,224	87	14	(44,362)	1,951,651	3,022,158	(913)	(913)	(768,693)	(1,894,021)
Beginning 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)
Foreign currency translation	(858)
Foreign currency translations		(858)
Net income	71,922	72,151
Ending Balance at Jun. 30, 2020	1,123,371	1,113,007	87	14	(44,418)	1,955,612	3,026,120	(173)	(173)	(787,751)	(1,912,940)
Beginning Balance at Mar. 31, 2020	1,137,784	1,127,224	87	14	(44,362)	1,951,651	3,022,158	(913)	(913)	(768,693)	(1,894,021)
Non-cash compensation	1,525					1,525
Exercise of stock options	671					671
Issuance of shares of common stock through employee purchase plan	1,765					1,765
Purchase of treasury stock	(56)				(56)
Contribution from parent		3,962					3,962
Foreign currency translation	740							740
Foreign currency translations		740							740
Net income	31,429	31,534								31,429	31,534
Dividend to parent		(50,453)									(50,453)
Dividends/distributions to common shareholders	(50,396)									(50,396)
Dividends	(91)									(91)
Ending Balance at Jun. 30, 2020	$ 1,123,371	$ 1,113,007	$ 87	$ 14	$ (44,418)	$ 1,955,612	$ 3,026,120	$ (173)	$ (173)	$ (787,751)	$ (1,912,940)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended				12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Issuance of common stock through performance stock awards		272,813		286,350
Exercise of stock options	13,642	14,609	85,379	186,521	340,684	361,618	554,049
Conversion of common stock							190,280
Common stock purchase plan	31,114	58,734	31,455	44,161	129,972	126,012	107,978
Common stock shares issued for cash					266,410	576,002
Common stock shares issued for purchase of assets						163,137
Purchase of treasury stock	1,196	110,520		111,835	114,295	57,619	115,196
Common stock dividends/distributions	$ 0.50	$ 1	$ 0.96	$ 0.96	$ 3.84	$ 3.65	$ 3.32
Preferred stock dividend shares	$ 15.95	$ 15.95	$ 15.95	$ 15.95	$ 63.80	$ 63.80	$ 63.80
Common stock awards					302,507	150,259	150,259
Additional Paid-in Capital [Member]
Issuance of common stock through performance stock awards		272,813		286,350	302,507	150,259	150,259
Exercise of stock options	13,642	14,609	85,379	186,521	340,684	361,618	554,049
Common stock purchase plan	31,114	58,734	31,455	44,161	129,972	126,012	107,978
Common stock shares issued for cash					266,410	576,002
Common stock shares issued for purchase of assets						163,137
Common Stock [Member]
Conversion of common stock							190,280
Treasury Stock [Member]
Purchase of treasury stock	1,196	110,520		111,835	114,295	57,619	115,196
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 0.50	$ 1	$ 0.96	$ 0.96	$ 3.84	$ 3.65	$ 3.32
Preferred stock dividend shares	$ 15.95	$ 15.95	$ 15.95	$ 15.95	$ 63.80	$ 63.80	$ 63.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 71,922	$ 169,649	$ 372,111	$ 305,232	$ 317,676
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	126,311	123,199	250,028	225,261	211,104
Stock-based compensation	6,162	7,506	29,647	29,443	9,599
Amortization included in interest expense	2,878	2,670	5,365	4,920	5,120
Gain on disposition of assets and investments	(3,519)	(5,161)	(7,241)	7,233	(4,664)
Loss on extinguishment of debt	18,184			15,429	71
Deferred tax benefit	(1,313)	(15,121)	(14,130)	1,538	804
Provision for doubtful accounts	8,331	4,657	10,608	7,985	6,762
Decrease (increase) in:
Receivables	13,772	(19,103)	(28,357)	(33,292)	(17,524)
Prepaid lease expenses	623	20,173	275	(5,433)	309
Other assets	(7,179)	(11,108)	(11,257)	2,828	(8,410)
(Decrease) increase in:
Trade accounts payable	(25)	1,520	700	1,366	309
Accrued expenses	(12,012)	(13,528)	(1,597)	(6,292)	(9,508)
Operating lease liabilities	(8,735)	(45,836)	9,102
Other liabilities	(4,723)	17,532	15,611	8,628	(4,632)
Net cash provided by operating activities	210,677	237,049	630,865	564,846	507,016
Cash flows from investing activities:
Acquisitions	(26,153)	(78,141)	(226,278)	(477,389)	(297,305)
Capital expenditures	(36,274)	(60,560)	(140,956)	(117,638)	(109,329)
Proceeds from disposition of assets and investments	4,750	2,100	5,438	6,648	6,053
Increase of notes receivable		(544)	(448)	9	515
Proceeds received from property insurance claims			210	4,222
Net cash used in investing activities	(57,677)	(137,145)	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Cash used for purchase of treasury stock	(10,124)	(8,682)	(8,882)	(4,112)	(8,997)
Net proceeds from issuance of common stock	5,648	15,612	44,262	62,662	26,684
Principal payments on long term debt	(182)	(14,421)	(34,471)	(27,328)	(16,993)
Borrowings on long term debt	8,750
Payments on revolving credit facility	(805,000)	(375,000)	(625,000)	(481,000)	(477,000)
Proceeds received from revolving credit facility	655,000	220,000	495,000	563,000	495,000
Redemption of senior subordinated notes	(519,139)			(509,790)
Proceeds received from note offering	1,400,000	255,000	255,000
Proceeds received from accounts receivable securitization program		9,000	9,000	175,000
Payments on accounts receivable securitization program	(175,000)	(9,000)	(9,000)
Proceeds received from senior credit facility term loans	598,500			599,250	450,000
Payments on senior credit facility term loans	(978,097)				(247,500)
Debt issuance costs	(30,112)	(4,435)	(4,463)	(7,616)	(4,941)
Distributions to non-controlling interest	(882)	(285)	(621)	(541)	(693)
Dividends/distributions	(151,265)	(192,136)	(385,182)	(443,088)	(244,201)
Net cash used in financing activities	(1,903)	(104,347)	(264,357)	(73,563)	(28,641)
Effect of exchange rate changes in cash and cash equivalents	(192)	203	220	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	150,905	(4,240)	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	26,188	21,494	21,494	115,471	35,530
Cash and cash equivalents at end of period	177,093	17,254	26,188	21,494	115,471
Supplemental disclosures of cash flow information:
Cash paid for interest	68,784	66,968	139,585	136,711	123,213
Cash paid for foreign, state and federal income taxes	3,175	9,260	14,449	8,563	12,640
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	72,151	169,847	372,540	305,631	318,058
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	126,311	123,199	250,028	225,261	211,104
Stock-based compensation	6,162	7,506	29,647	29,443	9,599
Amortization included in interest expense	2,878	2,670	5,365	4,920	5,120
Gain on disposition of assets and investments	(3,519)	(5,161)	(7,241)	7,233	(4,664)
Loss on extinguishment of debt	18,184			15,429	71
Deferred tax benefit	(1,313)	(15,121)	(14,130)	1,538	804
Provision for doubtful accounts	8,331	4,657	10,608	7,985	6,762
Decrease (increase) in:
Receivables	13,772	(19,103)	(28,357)	(33,292)	(17,524)
Prepaid lease expenses	623	20,173	275	(5,433)	309
Other assets	(7,179)	(11,108)	(11,257)	3,270	(8,410)
(Decrease) increase in:
Trade accounts payable	(25)	1,520	700	1,366	309
Accrued expenses	(12,012)	(13,528)	(1,597)	(6,292)	(9,416)
Operating lease liabilities	(8,735)	(45,836)	9,102
Other liabilities	(32,876)	(5,371)	(10,743)	(19,974)	(27,882)
Net cash provided by operating activities	182,753	214,344	604,940	537,085	484,240
Cash flows from investing activities:
Acquisitions	(26,153)	(78,141)	(226,278)	(477,389)	(297,305)
Capital expenditures	(36,274)	(60,560)	(140,956)	(117,638)	(109,329)
Proceeds from disposition of assets and investments	4,750	2,100	5,438	6,648	6,053
Increase of notes receivable		(544)	(448)	9	515
Proceeds received from property insurance claims			210	4,222	0
Net cash used in investing activities	(57,677)	(137,145)	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Principal payments on long term debt	(182)	(14,421)	(34,471)	(27,328)	(16,993)
Borrowings on long term debt	8,750
Payments on revolving credit facility	(805,000)	(375,000)	(625,000)	(481,000)	(477,000)
Proceeds received from revolving credit facility	655,000	220,000	495,000	563,000	495,000
Redemption of senior subordinated notes	(519,139)			(509,790)
Proceeds received from note offering	1,400,000	255,000	255,000
Proceeds received from accounts receivable securitization program		9,000	9,000	175,000
Payments on accounts receivable securitization program	(175,000)	(9,000)	(9,000)
Proceeds received from senior credit facility term loans	598,500			599,250	450,000
Payments on senior credit facility term loans	(978,097)				(247,500)
Debt issuance costs	(30,112)	(4,435)	(4,463)	(7,616)	(4,941)
Distributions to non-controlling interest	(882)	(285)	(621)	(541)	(693)
Dividend to parent	(161,208)	(200,636)	(393,700)	(446,744)	(252,925)
Contributions from parent	33,391	38,135	69,822	89,967	49,187
Net cash used in financing activities	26,021	(81,642)	(238,433)	(45,802)	(5,865)
Effect of exchange rate changes in cash and cash equivalents	(192)	203	221	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	150,905	(4,240)	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	25,688	20,994	20,994	114,971	35,030
Cash and cash equivalents at end of period	176,593	16,754	25,688	20,994	114,971
Supplemental disclosures of cash flow information:
Cash paid for interest	68,784	66,968	139,585	136,711	123,213
Cash paid for foreign, state and federal income taxes	$ 3,175	$ 9,260	$ 14,449	$ 8,563	$ 12,640

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Significant Accounting Policies	(1) Significant Accounting Policies The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and the notes thereto included in the 2019 Combined Form 10-K. The following are updates to our significant accounting policies from our 2019 Combined Form 10-K. (a) Goodwill, intangibles and long-lived assets Due to changes in relevant events and circumstances related to COVID-19, no Management also reviewed the recoverability of our long-lived assets including intangibles, fixed assets and operating lease right of use assets and concluded there is no impairment loss as of June 30, 2020. (b) Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 expense during the reporting period. These estimates take into account historical and forward-looking factors that the Company believes are reasonable, including but not limited to the potential impacts arising from the COVID-19	(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 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 Company 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 performance, 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 (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-variable 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 Non-cash (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 (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 The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of Lamar Media’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with Lamar Media’s consolidated financial statements and the notes thereto included in the 2019 Combined Form 10-K. Certain notes are not provided for the accompanying condensed consolidated financial statements as the information in notes 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 14, and 15 to the condensed consolidated financial statements of Lamar Advertising included elsewhere in this report is substantially equivalent to that required for the condensed consolidated financial statements of Lamar Media. Earnings per share data is not provided for Lamar Media, as it is a wholly owned subsidiary of the Company.	(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 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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	(2) Revenues Advertising revenues Leases Revenue. Leases Revenue Other revenues: Arrangements with multiple performance obligations: Deferred revenues: Practical expedients and exemptions: The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the three and six months ended June 30, 2020 and 2019. Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Billboard Advertising $ 312,095 $ 393,798 $ 667,400 $ 729,993 Logo Advertising 21,053 21,811 42,445 41,723 Transit Advertising 14,504 33,133 44,376 61,483 Net Revenues $ 347,652 $ 448,742 $ 754,221 $ 833,199	(2) Revenue On January 1, 2018, we adopted FASB Accounting Standards Update (“ASU”) No. 2014-09 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 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 Leases Leases Revenue. Leases Revenue Other revenues: Revenue Arrangements with multiple performance obligations: Deferred revenues: Practical expedients and exemptions: 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 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 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 For the year ended December 31, 2019, there were no significant non-cash non-cash non-cash non-cash non-cash
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Non-cash Financing and Investing Activities	(2) Non-cash There were no significant non-cash non-cash non-cash non-cash

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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Goodwill and Other Intangible Assets	(6) Goodwill and Other Intangible Assets The following is a summary of intangible assets at June 30, 2020 and December 31, 2019: Estimated June 30, 2020 December 31, 2019 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7 — 10 $ 644,330 $ 551,309 $ 641,714 $ 539,405 Non-competition 3 — 15 66,101 64,512 66,014 64,379 Site locations 15 2,399,355 1,550,917 2,384,520 1,509,335 Other 2 — 15 49,974 37,826 49,864 36,749 $ 3,159,760 $ 2,204,564 $ 3,142,112 $ 2,149,868 Unamortizable intangible assets: Goodwill $ 2,165,697 $ 253,536 $ 2,165,810 $ 253,536	(6) Goodwill and Other Intangible Assets The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated Life (Years) 2019 2018 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 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 Life (Years) 2019 2018 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 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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Leases	(3) Leases During the three months ended June 30, 2020 and 2019, we had operating lease costs of $78,331 and $77,816, respectively, and variable lease costs of $10,300 and $18,933, respectively. During the six months ended June 30, 2020 and 2019, we had operating lease costs of $158,734 and $155,166, respectively, and variable lease costs of $27,744 and $36,017, respectively. These operating lease costs are recorded in direct advertising expenses (exclusive of depreciation and amortization). Also, for the three months ended June 30, 2020 and 2019, we recorded a loss of $266 and $193, respectively, in (gain) loss of disposition of assets related to the amendment and termination of lease agreements. For the six months ended June 30, 2020 and 2019, we recorded a loss of $317 and a gain of $3,911, respectively, in (gain) loss of disposition of assets related to the amendment and termination of lease agreements. Cash payments of $161,460 and $180,487 were made reducing our operating lease liabilities for the six months ended June 30, 2020 and 2019, respectively, and are included in cash flows provided by operating activities in the Condensed 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 $1,249 and $1,097 in direct advertising expenses (exclusive of depreciation and amortization) for these agreements during the three months ended June 30, 2020 and 2019, respectively. We recorded $2,507 and $2,226 in direct advertising expenses (exclusive of depreciation and amortization) for these agreements during the six months ended June 30, 2020 and 2019, respectively. Our operating leases have a weighted-average remaining lease term of 12.1 years. The weighted-average discount rate of our operating leases is 4.6%. Also, during the periods ended June 30, 2020 and 2019, we obtained $9,991 and $8,671, respectively, 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 June 30, 2020: 2020 $ 114,518 2021 206,414 2022 181,916 2023 158,968 2024 141,902 Thereafter 854,924 Total undiscounted operating lease payments 1,658,642 Less: Imputed interest (430,667 ) Total operating lease liabilities $ 1,227,975	(7) Leases On January 1, 2019 the Company adopted ASC 842, Leases 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 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

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(9) Earnings Per Share The calculation of basic earnings per share excludes any dilutive effect of stock options, while diluted earnings per share includes the dilutive effect of stock options. There were no dilutive shares excluded from this calculation resulting from their anti-dilutive effect for the three and six months ended June 30, 2020 or 2019.

Long-term Debt

Long-term Debt	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Long-term Debt	(10) Long-term Debt Long-term debt consists of the following at June 30, 2020 and December 31, 2019: June 30, 2020 Debt Deferred financing Debt, net of deferred financing Senior Credit Facility $ 598,339 $ 12,697 $ 585,642 Accounts Receivable Securitization Program — 667 (667 ) 5% Senior Subordinated Notes 535,000 2,786 532,214 5 3/4% Senior Notes 653,988 7,171 646,817 4 7/8% Senior Notes 400,000 5,790 394,210 4% Senior Notes 400,000 5,610 394,390 3 3/4% Senior Notes 600,000 8,394 591,606 Other notes with various rates and terms 11,687 — 11,687 3,199,014 43,115 3,155,899 Less current maturities (9,120 ) — (9,120 ) Long-term debt, excluding current maturities $ 3,189,894 $ 43,115 $ 3,146,779 December 31, 2019 Debt Deferred financing Debt, net of deferred financing 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% Senior Notes 510,000 3,502 506,498 5 3/4% Senior Notes 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 Senior Credit Facility On February 6, 2020, Lamar Media entered into a Fourth Amended and Restated Credit Agreement (the “Fourth Amended and Restated Credit Agreement”) with certain of Lamar Media’s subsidiaries as guarantors, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto, under which the parties agreed to amend and restate Lamar Media’s existing senior credit facility. The Fourth Amended and Restated Credit Agreement amended and restated the Third Amended and Restated Credit Agreement dated as of May 15, 2017, as amended (the “Third Amended and Restated Credit Agreement”). The new senior credit facility, as established by the Fourth Amended and Restated Credit Agreement (the “senior credit facility”), consists of (i) a new $750,000 senior secured revolving credit facility which will mature on February 6, 2025 (the “revolving credit facility”), (ii) a new $600,000 Term B loan facility (the “Term B loans”) which will mature on February 6, 2027, and (iii) an incremental facility (the “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 of 4.50 to 1.00, as well as certain other conditions including lender approval. Lamar Media borrowed all $600,000 in Term B loans on February 6, 2020. The entire amount of the Term B loans will be payable at maturity. The net proceeds from the Term B loans, together with borrowing under the revolving portion of the senior credit facility and a portion of the proceeds of the issuance of the 3 3/4% Senior Notes due 2028 and 4% Senior Notes due 2030 (both as described below), were used to repay all outstanding amounts under the Third Amended and Restated Credit Agreement, and all revolving commitments under that facility were terminated. As a result of refinancing our credit facility the Company incurred a loss on debt extinguishment of $5,608 for the six months ended June 30, 2020. The Term B loans mature on February 6, 2027 with no required amortization payments. The Term B 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 B loans bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 1.50%. Base Rate Term B loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 0.50%. 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 1.50% (or the Adjusted LIBO Rate plus 1.25% at any time the Total Debt Ratio is less than or equal to 3.25 to 1). Base Rate revolving loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 0.50% (or the Adjusted Base Rate plus 0.25% at any time the total debt ratio is less than or equal to 3.25 to 1). The guarantees, covenants, events of default and other terms of the senior credit facility apply to the Term B loans and revolving credit facility. As of June 30, 2020, there were no borrowings outstanding under the revolving credit facility. Availability under the revolving credit facility is reduced by the amount of any letters of credit outstanding. Lamar Media had $12,784 in letters of credit outstanding as of June 30, 2020 resulting in $737,216 of availability under its revolving credit facility. Revolving credit loans may be requested under the revolving credit facility at any time prior to its maturity on February 6, 2025. The terms of Lamar Media’s senior credit facility and the indentures relating to Lamar Media’s outstanding notes restrict, among other things, the ability of Lamar Advertising and Lamar Media to: • dispose of assets; • incur or repay debt; • create liens; • make investments; and • pay dividends. The senior credit facility contains provisions that allow Lamar Media to conduct its affairs in a manner that allows Lamar Advertising to qualify and remain qualified as a REIT, including by allowing Lamar Media to make distributions to Lamar Advertising required for the Company to qualify and remain qualified for taxation as a REIT, subject to certain restrictions. Lamar Media’s ability to make distributions to Lamar Advertising is also restricted under the terms of these agreements. Under Lamar Media’s senior credit facility, the Company must maintain a specified secured debt ratio as long as a revolving credit commitment, revolving loan or letter of credit remains outstanding, and in addition, must satisfy a total debt ratio in order to incur debt, make distributions or make certain investments. Lamar Advertising and Lamar Media were in compliance with all of the terms of their indentures and the senior credit facility provisions during the periods presented. Accounts Receivable Securitization Program On December 18, 2018, Lamar Media entered into a $175,000 Receivable Financing Agreement (the “Accounts Receivable Securitization 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 Accounts Receivable Securitization Program is limited to the availability of eligible accounts receivable collateralizing the borrowings under the agreements governing the Accounts Receivable Securitization 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 Accounts Receivable Securitization Program. Lamar Media retains the responsibility of servicing the accounts receivable balances pledged as collateral under the Accounts Receivable Securitization Program and provides a performance guaranty. On June 30, 2020, Lamar Media and the Special Purpose Subsidiaries entered into the Third Amendment (the “Amendment”) to the Receivables Financing Agreement dated December 18, 2018. The Amendment increases the maximum three month average Delinquency Ratio, Dilution Ratio and Days’ Sales Outstanding to 11.00% (from 8.00%), 7.00% (from 4.00%) and 75 days (from 65 days), respectively, for each of the months of June, July and August 2020. The Amendment does not modify any other financial covenant. Additionally, the Amendment establishes a new Minimum Funding Threshold, which requires the Special Purpose Subsidiaries to maintain minimum borrowings under the Accounts Receivable Securitization Program on any day equal to the lesser of (i) 50.00% of the aggregate Commitment of all Lenders or (ii) the Borrowing Base, though the Special Purpose Subsidiaries have the right to borrow less than the Minimum Funding Threshold during certain periods prior to December 21, 2020 at their election. As of June 30, 2020 there was no outstanding aggregate borrowings under the Accounts Receivable Securitization Program. Lamar Media had $171,810 available for borrowing under the Accounts Receivable Securitization Program as of June 30, 2020. The commitment fees based on the amount of unused commitments under the Accounts Receivable Securitization Program were immaterial during the six months ended June 30, 2020. The Accounts Receivable Securitization 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 Condensed Consolidated Balance Sheets, (ii) our Condensed 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 Condensed Consolidated Statements of Cash Flows. 5% Senior Subordinated Notes On October 30, 2012, Lamar Media completed an institutional private placement of $535,000 aggregate principal amount of 5% Senior Subordinated Notes due 2023 (the “5% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $527,100. Lamar Media may redeem the 5% Notes, in whole or in part, in cash at redemption prices specified in the 5% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5% Notes at a price equal to 101% of the principal amount of the 5% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5 3/8% Senior Notes On January 10, 2014, Lamar Media completed an institutional private placement of $510,000 aggregate principal amount of 5 5 3/4% Senior Notes On January 28, 2016, Lamar Media completed an institutional private placement of $400,000 aggregate principal amount of 5 On February 1, 2019, Lamar Media completed an institutional private placement of an additional $250,000 aggregate principal amount under its 5 3/4% Notes (the “New Notes”). Other than with respect to the date of issuance, issue price and CUSIP number, the New Notes have the same terms as the 5 At any time prior to February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon plus a make-whole premium. On or after February 1, 2021, Lamar Media may redeem the 5 3/4% Notes, in whole or in part, in cash at redemption prices specified in the 5 3/4% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 3/4% Notes at a price equal to 101% of the principal amount of the 5 3/4% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 4% Senior Notes On February 6, 2020, Lamar Media completed an institutional private placement of $400,000 aggregate principal amount of 4% Senior Notes due 2030 (the “4% Notes”). The institutional private placement on February 6, 2020 resulted in net proceeds to Lamar Media of approximately $395,000. Lamar Media may redeem up to 40% of the aggregate principal amount of the 4% Notes, at any time and from time to time, at a price equal to 104% of the aggregate principal amount redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before February 15, 2023, provided that following the redemption, at least 60% of the 4% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to February 15, 2025, Lamar Media may redeem some or all of the 4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon and a make-whole premium. On or after February 15, 2025, Lamar Media may redeem the 4% Notes, in whole or in part, in cash at redemption prices specified in the 4% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 4% Notes at a price equal to 101% of the principal amount of the 4% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 3 3/4% Senior Notes On February 6, 2020, Lamar Media completed an institutional private placement of $600,000 aggregate principal amount of 3 Lamar Media may redeem up to 40% of the aggregate principal amount of 3 3/4% Notes, at any time and from time to time, at a price equal to 103.75% of the aggregate principal amount redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before February 15, 2023, provided that following the redemption, at least 60% of the 3 3/4% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to February 15, 2023, Lamar Media may redeem some or all of the 3 3/4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon and a make-whole premium. On or after February 15, 2023, Lamar Media may redeem the 3 3/4% Notes, in whole or in part, in cash at redemption prices specified in the 3 3/4% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 3 3/4% Notes at a price equal to 101% of the principal amount of the 3 3/4% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 4 7/8% Senior Notes On May 13, 2020, Lamar Media completed an institutional private placement of $400,000 aggregate principal amount of 4 7/8% Senior Notes due 2029 (the “4 7/8% Notes”). The institutional private placement on May 13, 2020 resulted in net proceeds to Lamar Media of approximately $395,000. Lamar Media may redeem up to 40% of the aggregate principal amount of the 4 7/8% Notes, at any time and from time to time, at a price equal to 104.875% of the aggregate principal amount redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before May 15, 2023, provided that following the redemption, at least 60% of the 4 7/8% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to January 15, 2024, Lamar Media may redeem some or all of the 4 7/8% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon and a make-whole premium. On or after January 15, 2024, Lamar Media may redeem the 4 7/8% Notes, in whole or in part, in cash at redemption prices specified in the 4 7/8% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 4 7/8% Notes at a price equal to 101% of the principal amount of the 4 7/8% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. Debt Repurchase Program On March 16, 2020, the Company’s Board of Directors authorized Lamar Media to repurchase up to $250,000 outstanding senior or senior subordinated notes and other indebtedness outstanding from time to time under its Fourth Amended and Restated Credit Agreement. The repurchase program will expire on September 30, 2021 unless extended by the Board of Directors. There were no repurchases under the program as of June 30, 2020.	(9) Long-term Debt Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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 On January 17, 2019, Lamar Media entered into an incremental amendment to the senior credit facility to include $100,000 in additional revolving commitments, thereby increasing the total borrowing capacity under the revolving credit facility to $550,000. 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% Senior Subordinated Notes, due 2022 (the “ 5 7/8 institutional private placement resulted in net proceeds to Lamar Media of approximately $489,000. The Company used the proceeds from the Term B loans to redeem all of the 5 7/8% Notes on March 19, 2018 at a redemption price of 101.958% of the aggregate principal amount of the outstanding 5 7/8% Notes, plus accrued and unpaid interest up to but not including the redemption date. In conjunction with the redemption the Company recorded a loss on debt extinguishment of $15,429, of which $9,790 was cash, for the year ended December 31, 2018. 5% Senior Subordinated Notes On October 30, 2012, Lamar Media completed an institutional private placement of $535,000 aggregate principal amount of 5% Senior Subordinated Notes due 2023 (the “5% 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 Notes 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	(7) Asset Retirement Obligations The Company’s asset retirement obligations include the costs associated with the removal of its structures, resurfacing of the land and retirement cost, if applicable, related to the Company’s outdoor advertising portfolio. The following table reflects information related to our asset retirement obligations: Balance at December 31, 2019 $ 226,137 Additions to asset retirement obligations 421 Accretion expense 2,129 Liabilities settled (3,742 ) Balance at June 30, 2020 $ 224,945	(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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Depreciation, Depletion and Amortization [Abstract]
Depreciation and Amortization	(5) Depreciation and Amortization The Company includes all categories of depreciation and amortization on a separate line in its Condensed Consolidated Statements of Income and Comprehensive Income. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Condensed Consolidated Statements of Income and Comprehensive Income are: Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Direct advertising expenses $ 60,142 $ 58,200 $ 118,839 $ 116,315 General and administrative expenses 1,151 1,140 2,432 2,261 Corporate expenses 2,705 2,353 5,040 4,623 $ 63,998 $ 61,693 $ 126,311 $ 123,199	(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 (c) Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash (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 (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) The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS. (g) Upon enactment, the TCJA includes a one-time 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 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 back-up
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

Stockholders' Equity

Stockholders' Equity	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	(15) Stockholders’ Equity On May 1, 2018, the Company entered into an equity distribution agreement (the “Sales Agreement”) with J.P. Morgan Securities LLC, Wells Fargo Securities LLC, and SunTrust Robinson Humphrey, Inc. as its sales agents (each a “Sales Agent”, and collectively, the “Sales Agents”). Under the terms of the Sales Agreement, the Company may, from time to time, issue and sell shares of its Class A common stock, having an aggregate offering price of up to $400,000, through the Sales Agents as either agents or principals. As of June 30, 2020, 842,412 shares of our Class A common stock have been sold under the Sales Agreement and accordingly $336,668 remained available to be sold under the Sales Agreement as of June 30, 2020. 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 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 additional shares issued under this shelf registration during the year ended December 31, 2019 and the six months ended June 30, 2020. On March 16, 2020, the Company’s Board of Directors authorized the repurchase of up to $250,000 of the Company’s Class A common stock. The repurchase program will expire on September 30, 2021 unless extended by the Board of Directors. There were no repurchases under the program as of June 30, 2020.	(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 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 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-Based Compensation

Stock-Based Compensation	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	(4) Stock-Based Compensation Equity Incentive Plan. three one-fifth We use a Black-Scholes-Merton option pricing model to estimate the fair value of share-based awards. The Black-Scholes-Merton option pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. The Company granted options for an aggregate of 32,000 shares of its Class A common stock during the six months ended June 30, 2020. At June 30, 2020 a total of 2,470,063 shares were available for future grant. Stock Purchase Plan. available under the 2019 ESPP was automatically increased by 86,093 shares on January 1, 2020 pursuant to the automatic increase provisions of the 2019 ESPP. The following is a summary of 2019 ESPP share activity for the six months ended June 30, 2020: Shares Available for future purchases, January 1, 2020 438,434 Additional shares reserved under 2019 ESPP 86,093 Purchases (89,848 ) Available for future purchases, June 30, 2020 434,679 Performance-based compensation. non-employee re-election.	(15) Stock Compensation Plans Equity Incentive Plan. three 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 4-year We estimate the expected term of options granted using an implied life derived from the results of a hypothetical mid-point 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 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. 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. 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
Retirement Benefits [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 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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Distribution Restrictions [Abstract]
Distribution Restrictions	(8) Distribution Restrictions Lamar Media’s ability to make distributions to Lamar Advertising is restricted under both the terms of the indentures relating to Lamar Media’s outstanding notes and by the terms of its senior credit facility. As of June 30, 2020 and December 31, 2019, 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 $3,429,654 and $3,389,763, respectively. As of June 30, 2020, Lamar Media’s senior credit facility allows it to make transfers to Lamar Advertising in any taxable year up to the amount of Lamar Advertising’s taxable income (without any deduction for dividends paid). In addition, as of June 30, 2020, 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 7.0 to 1 and (ii) the secured debt ratio does not exceed 4.5 to 1. As of June 30, 2020, the total debt ratio was less than 7.0 to 1 and Lamar Media’s secured debt ratio was less than 4.5 to 1, and the available cumulative credit was $2,180,134.	(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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(11) Fair Value of Financial Instruments At June 30, 2020 and December 31, 2019, the Company’s financial instruments included cash and cash equivalents, marketable securities, accounts receivable, investments, accounts payable and borrowings. The fair values of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings and current portion of long-term debt approximated carrying values because of the short-term nature of these instruments. Investment contracts are reported at fair values. Fair values for investments held at cost are not readily available, but are estimated to approximate fair value. The estimated fair value of the Company’s long-term debt (including current maturities) was $3,159,255 which does not exceed the carrying amount of $3,199,014 as of June 30, 2020. 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).	(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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting [Abstract]
Information about Geographic Areas	(14) Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $11,022 and $17,057 for the six months ended June 30, 2020 and 2019, respectively. Net carrying value of long-lived assets located in foreign countries totaled $5,406 and $4,549 as of June 30, 2020 and December 31, 2019, respectively. All other revenues from external customers and long lived assets relate to domestic operations.	(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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	(12) New Accounting Pronouncements Leases In February 2016, the FASB established Topic 842, Leases No. 2016-02, on-balance No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842 No. 2018-10 No. 2019-01, Codification Improvements to Topic 842 Leases No. 2018-11, 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. The Company did not have any changes to its opening balance of retained earnings for the adoption of this update. Other recently released pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326 available-for-sale COVID-19 COVID-19	(21) New Accounting Pronouncements Leases In February 2016, the FASB established Topic 842, Leases No. 2016-02, on-balance No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842 No. 2018-10 No. 2019-01, Codification Improvements to Topic 842 Leases No. 2018-11, Targeted Improvements right-of-use 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 right-of-use Other recently released pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. two-step In November 2018, the FASB issued ASU No. 2018-18, Collaborative Arrangements (Topic 808). unit-of-account In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments (“CECL”)

Dividends_Distributions

Dividends/Distributions	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Dividends/Distributions	(13) Dividends/Distributions During the three months ended June 30, 2020 and 2019, the Company declared and paid cash distributions in an aggregate amount of $50,396 or $0.50 per share and $96,039 or $0.96 per share, respectively. During the six months ended June 30, 2020 and 2019, the Company declared and paid cash distributions in an aggregate amount of $151,083 or $1.50 per share and $191,954 or $1.92 per share, respectively. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company’s control, including financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in our existing and future debt instruments, the Company’s ability to utilize net operating losses to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its taxable REIT subsidiaries (TRSs), the impact of COVID-19

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
Disposal Group, Including Discontinued Operation, Assets [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

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	(16) Subsequent Event On July 30, 2020, the Company announced that its wholly owned subsidiary, Lamar Media, intends to redeem $267,500 in aggregate principal amount of its outstanding 5% Notes on August 31, 2020. Following the redemption, $267,500 of the original $535,000 in aggregate principal amount of 5% Notes will remain outstanding under the indenture. The redemption will be made in accordance with the terms of the indenture governing the 5% Notes.	(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% Senior Notes due 2028 and $400,000 in aggregate principal amount of 4% Senior Notes due 2030 and (ii) the entry into the Fourth Amended and Restated Credit Agreement, which amended and restated its existing senior credit facility. The new senior credit facility created under the Fourth Amended and Restated Credit Agreement consists of (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% Senior Notes on February 20, 2020 and (2) repay amounts outstanding under the Third Amended and Restated Senior Credit Agreement, including the existing Term A loans and Term B loans thereunder.

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 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	SCHEDULE III LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2019, 2018 and 2017 (In thousands) Description (1) Encumbrances Initial (2) Gross 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 (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, 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 (5) Includes non-cash (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	SCHEDULE III 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 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 (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 (5) Includes non-cash (6) Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

Summarized Financial Informatio

Summarized Financial Information of Subsidiaries	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Summarized Financial Information of Subsidiaries	(2) Summarized Financial Information of Subsidiaries Separate condensed consolidating financial information for Lamar Media, subsidiary guarantors and non-guarantor LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of June 30, 2020 Lamar Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 164,644 $ 44,905 $ 234,188 $ — $ 443,737 Net property, plant and equipment — 1,311,329 9,146 — 1,320,475 Operating lease right of use assets — 1,271,821 21,096 — 1,292,917 Intangibles and goodwill, net — 2,838,868 17,870 — 2,856,738 Other assets 4,157,051 225,091 10,393 (4,341,555 ) 50,980 Total assets $ 4,321,695 $ 5,692,014 $ 292,693 $ (4,341,555 ) $ 5,964,847 LIABILITIES AND STOCKHOLDER’S EQUITY Current liabilities: Current maturities of long-term debt $ — $ 9,120 $ — $ — $ 9,120 Current operating lease liabilities — 168,390 5,445 — 173,835 Other current liabilities 33,062 158,005 13,470 — 204,537 Total current liabilities 33,062 335,515 18,915 — 387,492 Long-term debt 3,144,240 2,539 — — 3,146,779 Operating lease liabilities — 1,037,680 16,460 — 1,054,140 Other noncurrent liabilities 31,386 229,469 252,027 (249,453 ) 263,429 Total liabilities 3,208,688 1,605,203 287,402 (249,453 ) 4,851,840 Stockholder’s equity 1,113,007 4,086,811 5,291 (4,092,102 ) 1,113,007 Total liabilities and stockholder’s equity $ 4,321,695 $ 5,692,014 $ 292,693 $ (4,341,555 ) $ 5,964,847 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar 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 liabilities — 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 Stockholder’s equity 1,169,531 4,127,190 8,224 (4,135,414 ) 1,169,531 Total liabilities and stockholder’s equity $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2020 Lamar Media Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Statement of Income Net revenues $ — $ 341,664 $ 6,237 $ (249 ) $ 347,652 Operating expenses Direct advertising expenses (1) — 128,485 5,823 (249 ) 134,059 General and administrative expenses (1) — 65,222 2,186 — 67,408 Corporate expenses (1) — 16,521 124 — 16,645 Depreciation and amortization — 63,545 453 — 63,998 (Gain) loss on disposition of assets — (1,070 ) 55 — (1,015 ) — 272,703 8,641 (249 ) 281,095 Operating income (loss) — 68,961 (2,404 ) — 66,557 Equity in (earnings) loss of subsidiaries (66,370 ) — — 66,370 — Loss on extinguishment of debt 5 — — — 5 Interest expense (income), net 34,831 (24 ) 451 — 35,258 Income (loss) before income tax expense 31,534 68,985 (2,855 ) (66,370 ) 31,294 Income tax expense (benefit) (2) — 582 (822 ) — (240 ) Net income (loss) $ 31,534 $ 68,403 $ (2,033 ) $ (66,370 ) $ 31,534 Statement of Comprehensive Income Net income (loss) $ 31,534 $ 68,403 $ (2,033 ) $ (66,370 ) $ 31,534 Total other comprehensive income, net of tax — — 740 — 740 Total comprehensive income (loss) $ 31,534 $ 68,403 $ (1,293 ) $ (66,370 ) $ 32,274 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2019 Lamar Media Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 437,074 $ 12,498 $ (830 ) $ 448,742 Operating expenses Direct advertising expenses (1) — 140,108 7,112 (830 ) 146,390 General and administrative expenses (1) — 76,475 1,941 — 78,416 Corporate expenses (1) — 18,274 311 — 18,585 Depreciation and amortization — 61,031 662 — 61,693 (Gain) loss on disposition of assets — (550 ) 13 — (537 ) — 295,338 10,039 (830 ) 304,547 Operating income — 141,736 2,459 — 144,195 Equity in (earnings) loss of subsidiaries (155,336 ) — — 155,336 — Interest expense (income), net 36,851 (82 ) 1,321 — 38,090 Income (loss) before income tax expense 118,485 141,818 1,138 (155,336 ) 106,105 Income tax (benefit) expense (2) — (13,231 ) 851 — (12,380 ) Net income (loss) $ 118,485 $ 155,049 $ 287 $ (155,336 ) $ 118,485 Statement of Comprehensive Income Net income (loss) $ 118,485 $ 155,049 $ 287 $ (155,336 ) $ 118,485 Total other comprehensive income, net of tax — — 287 — 287 Total comprehensive income (loss) $ 118,485 $ 155,049 $ 574 $ (155,336 ) $ 118,772 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2020 Lamar Media Guarantor Non- Eliminations Lamar Media (unaudited) Statement of Income Net revenues $ — $ 738,295 $ 16,689 $ (763 ) $ 754,221 Operating expenses Direct advertising expenses (1) — 271,537 12,779 (763 ) 283,553 General and administrative expenses (1) — 145,750 3,862 — 149,612 Corporate expenses (1) — 34,608 404 — 35,012 Depreciation and amortization — 125,450 861 — 126,311 (Gain) loss on disposition of assets — (3,574 ) 55 — (3,519 ) — 573,771 17,961 (763 ) 590,969 Operating income (loss) — 164,524 (1,272 ) — 163,252 Equity in (earnings) loss of subsidiaries (160,584 ) — — 160,584 — Loss on extinguishment of debt 18,184 — — — 18,184 Interest expense (income), net 70,249 (59 ) 1,431 — 71,621 Income (loss) before income tax expense 72,151 164,583 (2,703 ) (160,584 ) 73,447 Income tax expense (benefit) (2) — 1,924 (628 ) — 1,296 Net income (loss) $ 72,151 $ 162,659 $ (2,075 ) $ (160,584 ) $ 72,151 Statement of Comprehensive Income Net income (loss) $ 72,151 $ 162,659 $ (2,075 ) $ (160,584 ) $ 72,151 Total other comprehensive loss, net of tax — — (858 ) — (858 ) Total comprehensive income (loss) $ 72,151 $ 162,659 $ (2,933 ) $ (160,584 ) $ 71,293 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2019 Lamar Media Guarantor Non- Guarantor Eliminations Lamar Media (unaudited) Statement of Income Net revenues $ — $ 811,655 $ 23,024 $ (1,480 ) $ 833,199 Operating expenses Direct advertising expenses (1) — 274,858 13,482 (1,480 ) 286,860 General and administrative expenses (1) — 154,132 3,577 — 157,709 Corporate expenses (1) — 34,897 608 — 35,505 Depreciation and amortization — 121,864 1,335 — 123,199 Gain on disposition of assets — (1,010 ) (4,151 ) — (5,161 ) — 584,741 14,851 (1,480 ) 598,112 Operating income — 226,914 8,173 — 235,087 Equity in (earnings) loss of subsidiaries (242,710 ) — — 242,710 — Interest expense (income), net 72,863 (87 ) 2,756 — 75,532 Income (loss) before income tax expense 169,847 227,001 5,417 (242,710 ) 159,555 Income tax expense (2) — (12,612 ) 2,320 — (10,292 ) Net income (loss) $ 169,847 $ 239,613 $ 3,097 $ (242,710 ) $ 169,847 Statement of Comprehensive Income Net income (loss) $ 169,847 $ 239,613 $ 3,097 $ (242,710 ) $ 169,847 Total other comprehensive income, net of tax — — 546 — 546 Total comprehensive income (loss) $ 169,847 $ 239,613 $ 3,643 $ (242,710 ) $ 170,393 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2020 Lamar Media Guarantor Non- Eliminations Lamar Media (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 165,269 $ 238,800 $ 5,429 $ (226,745 ) $ 182,753 Cash flows from investing activities: Acquisitions 577 (26,730 ) — — (26,153 ) Capital expenditures — (34,770 ) (1,504 ) — (36,274 ) Proceeds from disposition of assets and investments — 4,750 — — 4,750 Investment in subsidiaries (26,730 ) — — 26,730 — (Increase) decrease in intercompany notes receivable (181,089 ) — — 181,089 — Net cash (used in) provided by investing activities (207,242 ) (56,750 ) (1,504 ) 207,819 (57,677 ) Cash flows from financing activities: Proceeds received from revolving credit facility 655,000 — — — 655,000 Payment on revolving credit facility (805,000 ) — — — (805,000 ) Principal payments on long term debt — (182 ) — — (182 ) Borrowings on long term debt — 8,750 — — 8,750 Proceeds received from note offering 1,400,000 — — — 1,400,000 Payment on accounts receivable securitization program — — (175,000 ) — (175,000 ) Redemption on senior subordinated notes (519,139 ) — — — (519,139 ) Proceeds received from senior credit facility term loans 598,500 — — — 598,500 Payments on senior credit facility term loans (978,097 ) — — — (978,097 ) Debt issuance costs (30,112 ) — — — (30,112 ) Intercompany loan proceeds — 3,808 177,281 (181,089 ) — Distributions to non-controlling — — (882 ) — (882 ) Dividends (to) from parent (161,208 ) (226,745 ) — 226,745 (161,208 ) Contributions from (to) parent 33,391 26,730 — (26,730 ) 33,391 Net cash provided by (used in) financing activities 193,335 (187,639 ) 1,399 18,926 26,021 Effect of exchange rate changes in cash and cash equivalents — — (192 ) — (192 ) Net increase (decrease) in cash and cash equivalents 151,362 (5,589 ) 5,132 — 150,905 Cash and cash equivalents at beginning of period 13,185 8,278 4,225 — 25,688 Cash and cash equivalents at end of period $ 164,547 $ 2,689 $ 9,357 $ — $ 176,593 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2019 Lamar Media Guarantor Non- Guarantor Eliminations Lamar Media (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 158,778 $ 287,842 $ (2,208 ) $ (230,068 ) $ 214,344 Cash flows from investing activities: Acquisitions — (78,141 ) — — (78,141 ) Capital expenditures — (59,193 ) (1,367 ) — (60,560 ) Proceeds from disposition of assets and investments — 2,100 — — 2,100 Proceeds received from insurance claims (78,141 ) — — 78,141 — Investment in subsidiaries 5,161 — — (5,161 ) — Increase in intercompany notes receivable (127 ) (417 ) — — (544 ) Net cash (used in) provided by investing activities (73,107 ) (135,651 ) (1,367 ) 72,980 (137,145 ) Cash flows from financing activities: Proceeds received from revolving credit facility 220,000 — — — 220,000 Payment on revolving credit facility (375,000 ) — — — (375,000 ) Principal payments on long-term debt (14,421 ) — — — (14,421 ) Proceeds received from note offering 255,000 — — — 255,000 Payment on accounts receivable securitization program — — (9,000 ) — (9,000 ) Proceeds received from accounts receivable securitization program — — 9,000 — 9,000 Debt issuance costs (4,435 ) — — — (4,435 ) Intercompany loan proceeds — (8,461 ) 3,300 5,161 — Distributions to non-controlling — — (285 ) — (285 ) Dividends (to) from parent (200,636 ) (230,068 ) — 230,068 (200,636 ) Contributions from (to) parent 38,135 78,141 — (78,141 ) 38,135 Net cash (used in) provided by financing activities (81,357 ) (160,388 ) 3,015 157,088 (81,642 ) Effect of exchange rate changes in cash and cash equivalents — — 203 — 203 Net increase (decrease) in cash and cash equivalents 4,314 (8,197 ) (357 ) — (4,240 ) Cash and cash equivalents at beginning of period 4,029 11,655 5,310 — 20,994 Cash and cash equivalents at end of period $ 8,343 $ 3,458 $ 4,953 $ — $ 16,754	(8) Summarized Financial Information of Subsidiaries Separate condensed consolidating financial information for Lamar Media, non-guarantor Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Corp. Guarantor Non- Eliminations Lamar Media 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 liabilities — 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 Corp. Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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 — — (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 Guarantor Non- Eliminations Lamar Media 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 — — (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 Guarantor Non- Eliminations Lamar Media 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 — — (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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	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 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 Company 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 performance, 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
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-variable 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 Non-cash
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
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 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.
Goodwill and Intangible Assets	(a) Goodwill, intangibles and long-lived assets Due to changes in relevant events and circumstances related to COVID-19, no Management also reviewed the recoverability of our long-lived assets including intangibles, fixed assets and operating lease right of use assets and concluded there is no impairment loss as of June 30, 2020.
Use of Estimates	(b) Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 expense during the reporting period. These estimates take into account historical and forward-looking factors that the Company believes are reasonable, including but not limited to the potential impacts arising from the COVID-19

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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation Revenue	The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the three and six months ended June 30, 2020 and 2019. Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Billboard Advertising $ 312,095 $ 393,798 $ 667,400 $ 729,993 Logo Advertising 21,053 21,811 42,445 41,723 Transit Advertising 14,504 33,133 44,376 61,483 Net Revenues $ 347,652 $ 448,742 $ 754,221 $ 833,199	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 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 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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Summary of Intangible Assets	The following is a summary of intangible assets at June 30, 2020 and December 31, 2019: Estimated June 30, 2020 December 31, 2019 Life (Years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable intangible assets: Customer lists and contracts 7 — 10 $ 644,330 $ 551,309 $ 641,714 $ 539,405 Non-competition 3 — 15 66,101 64,512 66,014 64,379 Site locations 15 2,399,355 1,550,917 2,384,520 1,509,335 Other 2 — 15 49,974 37,826 49,864 36,749 $ 3,159,760 $ 2,204,564 $ 3,142,112 $ 2,149,868 Unamortizable intangible assets: Goodwill $ 2,165,697 $ 253,536 $ 2,165,810 $ 253,536	The following is a summary of intangible assets at December 31, 2019 and 2018: Estimated Life (Years) 2019 2018 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 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 Life (Years) 2019 2018 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 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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	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 June 30, 2020: 2020 $ 114,518 2021 206,414 2022 181,916 2023 158,968 2024 141,902 Thereafter 854,924 Total undiscounted operating lease payments 1,658,642 Less: Imputed interest (430,667 ) Total operating lease liabilities $ 1,227,975	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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Long-Term Debt	Long-term debt consists of the following at June 30, 2020 and December 31, 2019: June 30, 2020 Debt Deferred financing Debt, net of deferred financing Senior Credit Facility $ 598,339 $ 12,697 $ 585,642 Accounts Receivable Securitization Program — 667 (667 ) 5% Senior Subordinated Notes 535,000 2,786 532,214 5 3/4% Senior Notes 653,988 7,171 646,817 4 7/8% Senior Notes 400,000 5,790 394,210 4% Senior Notes 400,000 5,610 394,390 3 3/4% Senior Notes 600,000 8,394 591,606 Other notes with various rates and terms 11,687 — 11,687 3,199,014 43,115 3,155,899 Less current maturities (9,120 ) — (9,120 ) Long-term debt, excluding current maturities $ 3,189,894 $ 43,115 $ 3,146,779 December 31, 2019 Debt Deferred financing Debt, net of deferred financing 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% Senior Notes 510,000 3,502 506,498 5 3/4% Senior Notes 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	Long-term debt consists of the following at December 31, 2019 and 2018: December 31, 2019 Debt Deferred financing Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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 Debt, net of deferred financing 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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	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, 2019 $ 226,137 Additions to asset retirement obligations 421 Accretion expense 2,129 Liabilities settled (3,742 ) Balance at June 30, 2020 $ 224,945	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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Depreciation, Depletion 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 Condensed Consolidated Statements of Income and Comprehensive Income are: Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Direct advertising expenses $ 60,142 $ 58,200 $ 118,839 $ 116,315 General and administrative expenses 1,151 1,140 2,432 2,261 Corporate expenses 2,705 2,353 5,040 4,623 $ 63,998 $ 61,693 $ 126,311 $ 123,199	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 (c) Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash (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 (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) The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS. (g) Upon enactment, the TCJA includes a one-time
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-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	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 2019 ESPP share activity for the six months ended June 30, 2020: Shares Available for future purchases, January 1, 2020 438,434 Additional shares reserved under 2019 ESPP 86,093 Purchases (89,848 ) Available for future purchases, June 30, 2020 434,679	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 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]	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Condensed Consolidating Balance Sheet	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of June 30, 2020 Lamar Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) ASSETS Total current assets $ 164,644 $ 44,905 $ 234,188 $ — $ 443,737 Net property, plant and equipment — 1,311,329 9,146 — 1,320,475 Operating lease right of use assets — 1,271,821 21,096 — 1,292,917 Intangibles and goodwill, net — 2,838,868 17,870 — 2,856,738 Other assets 4,157,051 225,091 10,393 (4,341,555 ) 50,980 Total assets $ 4,321,695 $ 5,692,014 $ 292,693 $ (4,341,555 ) $ 5,964,847 LIABILITIES AND STOCKHOLDER’S EQUITY Current liabilities: Current maturities of long-term debt $ — $ 9,120 $ — $ — $ 9,120 Current operating lease liabilities — 168,390 5,445 — 173,835 Other current liabilities 33,062 158,005 13,470 — 204,537 Total current liabilities 33,062 335,515 18,915 — 387,492 Long-term debt 3,144,240 2,539 — — 3,146,779 Operating lease liabilities — 1,037,680 16,460 — 1,054,140 Other noncurrent liabilities 31,386 229,469 252,027 (249,453 ) 263,429 Total liabilities 3,208,688 1,605,203 287,402 (249,453 ) 4,851,840 Stockholder’s equity 1,113,007 4,086,811 5,291 (4,092,102 ) 1,113,007 Total liabilities and stockholder’s equity $ 4,321,695 $ 5,692,014 $ 292,693 $ (4,341,555 ) $ 5,964,847 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar 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 liabilities — 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 Stockholder’s equity 1,169,531 4,127,190 8,224 (4,135,414 ) 1,169,531 Total liabilities and stockholder’s equity $ 4,207,488 $ 5,793,654 $ 480,659 $ (4,557,380 ) $ 5,924,421	Condensed Consolidating Balance Sheet as of December 31, 2019 Lamar Corp. Guarantor Non- Eliminations Lamar Media 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 liabilities — 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 Corp. Guarantor Non- Eliminations Lamar Media 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	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2020 Lamar Media Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated (unaudited) Statement of Income Net revenues $ — $ 341,664 $ 6,237 $ (249 ) $ 347,652 Operating expenses Direct advertising expenses (1) — 128,485 5,823 (249 ) 134,059 General and administrative expenses (1) — 65,222 2,186 — 67,408 Corporate expenses (1) — 16,521 124 — 16,645 Depreciation and amortization — 63,545 453 — 63,998 (Gain) loss on disposition of assets — (1,070 ) 55 — (1,015 ) — 272,703 8,641 (249 ) 281,095 Operating income (loss) — 68,961 (2,404 ) — 66,557 Equity in (earnings) loss of subsidiaries (66,370 ) — — 66,370 — Loss on extinguishment of debt 5 — — — 5 Interest expense (income), net 34,831 (24 ) 451 — 35,258 Income (loss) before income tax expense 31,534 68,985 (2,855 ) (66,370 ) 31,294 Income tax expense (benefit) (2) — 582 (822 ) — (240 ) Net income (loss) $ 31,534 $ 68,403 $ (2,033 ) $ (66,370 ) $ 31,534 Statement of Comprehensive Income Net income (loss) $ 31,534 $ 68,403 $ (2,033 ) $ (66,370 ) $ 31,534 Total other comprehensive income, net of tax — — 740 — 740 Total comprehensive income (loss) $ 31,534 $ 68,403 $ (1,293 ) $ (66,370 ) $ 32,274 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2019 Lamar Media Corp. Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Lamar Media Consolidated Statement of Income (unaudited) Net revenues $ — $ 437,074 $ 12,498 $ (830 ) $ 448,742 Operating expenses Direct advertising expenses (1) — 140,108 7,112 (830 ) 146,390 General and administrative expenses (1) — 76,475 1,941 — 78,416 Corporate expenses (1) — 18,274 311 — 18,585 Depreciation and amortization — 61,031 662 — 61,693 (Gain) loss on disposition of assets — (550 ) 13 — (537 ) — 295,338 10,039 (830 ) 304,547 Operating income — 141,736 2,459 — 144,195 Equity in (earnings) loss of subsidiaries (155,336 ) — — 155,336 — Interest expense (income), net 36,851 (82 ) 1,321 — 38,090 Income (loss) before income tax expense 118,485 141,818 1,138 (155,336 ) 106,105 Income tax (benefit) expense (2) — (13,231 ) 851 — (12,380 ) Net income (loss) $ 118,485 $ 155,049 $ 287 $ (155,336 ) $ 118,485 Statement of Comprehensive Income Net income (loss) $ 118,485 $ 155,049 $ 287 $ (155,336 ) $ 118,485 Total other comprehensive income, net of tax — — 287 — 287 Total comprehensive income (loss) $ 118,485 $ 155,049 $ 574 $ (155,336 ) $ 118,772 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2020 Lamar Media Guarantor Non- Eliminations Lamar Media (unaudited) Statement of Income Net revenues $ — $ 738,295 $ 16,689 $ (763 ) $ 754,221 Operating expenses Direct advertising expenses (1) — 271,537 12,779 (763 ) 283,553 General and administrative expenses (1) — 145,750 3,862 — 149,612 Corporate expenses (1) — 34,608 404 — 35,012 Depreciation and amortization — 125,450 861 — 126,311 (Gain) loss on disposition of assets — (3,574 ) 55 — (3,519 ) — 573,771 17,961 (763 ) 590,969 Operating income (loss) — 164,524 (1,272 ) — 163,252 Equity in (earnings) loss of subsidiaries (160,584 ) — — 160,584 — Loss on extinguishment of debt 18,184 — — — 18,184 Interest expense (income), net 70,249 (59 ) 1,431 — 71,621 Income (loss) before income tax expense 72,151 164,583 (2,703 ) (160,584 ) 73,447 Income tax expense (benefit) (2) — 1,924 (628 ) — 1,296 Net income (loss) $ 72,151 $ 162,659 $ (2,075 ) $ (160,584 ) $ 72,151 Statement of Comprehensive Income Net income (loss) $ 72,151 $ 162,659 $ (2,075 ) $ (160,584 ) $ 72,151 Total other comprehensive loss, net of tax — — (858 ) — (858 ) Total comprehensive income (loss) $ 72,151 $ 162,659 $ (2,933 ) $ (160,584 ) $ 71,293 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2019 Lamar Media Guarantor Non- Guarantor Eliminations Lamar Media (unaudited) Statement of Income Net revenues $ — $ 811,655 $ 23,024 $ (1,480 ) $ 833,199 Operating expenses Direct advertising expenses (1) — 274,858 13,482 (1,480 ) 286,860 General and administrative expenses (1) — 154,132 3,577 — 157,709 Corporate expenses (1) — 34,897 608 — 35,505 Depreciation and amortization — 121,864 1,335 — 123,199 Gain on disposition of assets — (1,010 ) (4,151 ) — (5,161 ) — 584,741 14,851 (1,480 ) 598,112 Operating income — 226,914 8,173 — 235,087 Equity in (earnings) loss of subsidiaries (242,710 ) — — 242,710 — Interest expense (income), net 72,863 (87 ) 2,756 — 75,532 Income (loss) before income tax expense 169,847 227,001 5,417 (242,710 ) 159,555 Income tax expense (2) — (12,612 ) 2,320 — (10,292 ) Net income (loss) $ 169,847 $ 239,613 $ 3,097 $ (242,710 ) $ 169,847 Statement of Comprehensive Income Net income (loss) $ 169,847 $ 239,613 $ 3,097 $ (242,710 ) $ 169,847 Total other comprehensive income, net of tax — — 546 — 546 Total comprehensive income (loss) $ 169,847 $ 239,613 $ 3,643 $ (242,710 ) $ 170,393 (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, 2019 Lamar Media Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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 Guarantor Non- Eliminations Lamar Media 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	LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2020 Lamar Media Guarantor Non- Eliminations Lamar Media (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 165,269 $ 238,800 $ 5,429 $ (226,745 ) $ 182,753 Cash flows from investing activities: Acquisitions 577 (26,730 ) — — (26,153 ) Capital expenditures — (34,770 ) (1,504 ) — (36,274 ) Proceeds from disposition of assets and investments — 4,750 — — 4,750 Investment in subsidiaries (26,730 ) — — 26,730 — (Increase) decrease in intercompany notes receivable (181,089 ) — — 181,089 — Net cash (used in) provided by investing activities (207,242 ) (56,750 ) (1,504 ) 207,819 (57,677 ) Cash flows from financing activities: Proceeds received from revolving credit facility 655,000 — — — 655,000 Payment on revolving credit facility (805,000 ) — — — (805,000 ) Principal payments on long term debt — (182 ) — — (182 ) Borrowings on long term debt — 8,750 — — 8,750 Proceeds received from note offering 1,400,000 — — — 1,400,000 Payment on accounts receivable securitization program — — (175,000 ) — (175,000 ) Redemption on senior subordinated notes (519,139 ) — — — (519,139 ) Proceeds received from senior credit facility term loans 598,500 — — — 598,500 Payments on senior credit facility term loans (978,097 ) — — — (978,097 ) Debt issuance costs (30,112 ) — — — (30,112 ) Intercompany loan proceeds — 3,808 177,281 (181,089 ) — Distributions to non-controlling — — (882 ) — (882 ) Dividends (to) from parent (161,208 ) (226,745 ) — 226,745 (161,208 ) Contributions from (to) parent 33,391 26,730 — (26,730 ) 33,391 Net cash provided by (used in) financing activities 193,335 (187,639 ) 1,399 18,926 26,021 Effect of exchange rate changes in cash and cash equivalents — — (192 ) — (192 ) Net increase (decrease) in cash and cash equivalents 151,362 (5,589 ) 5,132 — 150,905 Cash and cash equivalents at beginning of period 13,185 8,278 4,225 — 25,688 Cash and cash equivalents at end of period $ 164,547 $ 2,689 $ 9,357 $ — $ 176,593 LAMAR MEDIA CORP. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (In Thousands, Except for Share Data) Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2019 Lamar Media Guarantor Non- Guarantor Eliminations Lamar Media (unaudited) Cash flows from operating activities: Net cash provided by (used in) operating activities $ 158,778 $ 287,842 $ (2,208 ) $ (230,068 ) $ 214,344 Cash flows from investing activities: Acquisitions — (78,141 ) — — (78,141 ) Capital expenditures — (59,193 ) (1,367 ) — (60,560 ) Proceeds from disposition of assets and investments — 2,100 — — 2,100 Proceeds received from insurance claims (78,141 ) — — 78,141 — Investment in subsidiaries 5,161 — — (5,161 ) — Increase in intercompany notes receivable (127 ) (417 ) — — (544 ) Net cash (used in) provided by investing activities (73,107 ) (135,651 ) (1,367 ) 72,980 (137,145 ) Cash flows from financing activities: Proceeds received from revolving credit facility 220,000 — — — 220,000 Payment on revolving credit facility (375,000 ) — — — (375,000 ) Principal payments on long-term debt (14,421 ) — — — (14,421 ) Proceeds received from note offering 255,000 — — — 255,000 Payment on accounts receivable securitization program — — (9,000 ) — (9,000 ) Proceeds received from accounts receivable securitization program — — 9,000 — 9,000 Debt issuance costs (4,435 ) — — — (4,435 ) Intercompany loan proceeds — (8,461 ) 3,300 5,161 — Distributions to non-controlling — — (285 ) — (285 ) Dividends (to) from parent (200,636 ) (230,068 ) — 230,068 (200,636 ) Contributions from (to) parent 38,135 78,141 — (78,141 ) 38,135 Net cash (used in) provided by financing activities (81,357 ) (160,388 ) 3,015 157,088 (81,642 ) Effect of exchange rate changes in cash and cash equivalents — — 203 — 203 Net increase (decrease) in cash and cash equivalents 4,314 (8,197 ) (357 ) — (4,240 ) Cash and cash equivalents at beginning of period 4,029 11,655 5,310 — 20,994 Cash and cash equivalents at end of period $ 8,343 $ 3,458 $ 4,953 $ — $ 16,754	Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2019 Lamar Media Guarantor Non- Eliminations Lamar Media 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 — — (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 Guarantor Non- Eliminations Lamar Media 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 — — (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 Guarantor Non- Eliminations Lamar Media 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 — — (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	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Mar. 31, 2020$ / shares	Jun. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2019$ / shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Dec. 31, 2019USD ($)StateReporting_UnitBillboardTransit$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Goodwill impairment loss					$ 0		$ 0
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									$ 325,462
Dividends declared, per share | $ / shares	$ 0.50	$ 1	$ 0.96	$ 0.96	$ 1.50	$ 1.92	$ 3.84	$ 3.65	$ 3.32
Distributions paid	$ 50,396		$ 96,039		$ 151,083	$ 191,954
Distributions paid, per share | $ / shares	$ 0.50		$ 0.96		$ 1.50	$ 1.92
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	$ 15.95		$ 15.95		$ 31.90	$ 31.90	$ 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	0	0	0	0
Non cash compensation expense					$ 6,162	$ 7,506	$ 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]
Goodwill impairment loss							$ 0	0
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					$ 6,162	$ 7,506	$ 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									6 Months Ended		12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Net revenues	$ 347,652	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 754,221	$ 833,199	$ 1,753,644	$ 1,627,222	$ 1,541,260
Billboard Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues	312,095			393,798						667,400	729,993	1,537,542	1,412,978	1,340,422
Logo Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues	21,053			21,811						42,445	41,723	84,201	84,424	82,936
Transit Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues	$ 14,504			$ 33,133						$ 44,376	$ 61,483	$ 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	Jun. 30, 2020USD ($)
Business Acquisition [Line Items]
Portion of acquired intangible assets assigned to goodwill	$ 1,912,274	$ 1,919,386	$ 1,912,161
Goodwill amount deductible for tax purposes	0
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
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	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 1,912,161	$ 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	Jun. 30, 2020	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,660,311	$ 3,666,749	$ 3,525,725
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	406,884		384,264
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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,159,760	$ 3,142,112	$ 2,950,906
Accumulated Amortization	2,204,564	2,149,868	2,035,453
Goodwill gross carrying amount	2,165,697	2,165,810	2,172,922	$ 1,993,990
Goodwill accumulated amortization	253,536	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	644,330	$ 641,714	610,376
Accumulated Amortization	$ 551,309	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	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	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	$ 66,101	$ 66,014	65,771
Accumulated Amortization	$ 64,512	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	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	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	$ 2,399,355	$ 2,384,520	2,228,767
Accumulated Amortization	$ 1,550,917	$ 1,509,335	1,422,794
Site Locations [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [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] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 49,974	49,864	45,992
Accumulated Amortization	$ 37,826	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	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	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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill, beginning balance	$ 2,165,810	$ 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	0
Goodwill, ending balance	2,165,697	2,165,810	2,172,922
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Goodwill [Line Items]
Goodwill, beginning balance	$ 2,154,790	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	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	Jun. 30, 2020	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	$ 955,196	$ 992,244	$ 915,453

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee Lease Description [Line Items]
Variable Lease, Cost	$ 10,300	$ 18,933	$ 27,744	$ 36,017
Base operating lease, cost					$ 312,883
Variable operating lease, cost					76,492
Operating lease, cost	78,331	77,816	158,734	155,166	389,375	$ 381,890	$ 366,892
Gain on disposition of assets	1,015	537	3,519	5,161	7,241	(7,233)	4,664
Operating lease, cash payments			161,460	180,487	316,527
Direct advertising expenses (exclusive of depreciation and amortization)	$ 134,059	146,390	$ 283,553	286,860	$ 590,078	$ 561,848	$ 540,880
Operating lease, weighted average remaining lease term	12 years 1 month 6 days		12 years 1 month 6 days		12 years
Operating lease, weighted average discount rate	4.60%		4.60%		4.80%
Leased assets obtained in exchange for operating lease liability			$ 9,991	8,671	$ 35,813
Advertising [Member]
Lessee Lease Description [Line Items]
Direct advertising expenses (exclusive of depreciation and amortization)	$ 1,249	1,097	2,507	2,226	4,691
Termination of Lease Agreements [Member]
Lessee Lease Description [Line Items]
Gain on disposition of assets	$ 266	$ 193	$ 317	$ 3,911	$ 4,061

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating Lease Liabilities Payments Due [Abstract]
2020	$ 114,518	$ 240,438
2021	206,414	196,099
2022	181,916	175,598
2023	158,968	152,470
2024	141,902	135,234
Thereafter	854,924	800,876
Total undiscounted operating lease payments	1,658,642	1,700,715
Less: Imputed interest	(430,667)	(435,693)
Total operating lease liabilities	$ 1,227,975	$ 1,265,022

Leases - Summary of Minimum Ann

Leases - Summary of Minimum Annual Rental Payments Required under Operating Lease (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [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	Jun. 30, 2020	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	$ 73,071	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	$ 66,701	$ 101,266	$ 117,300

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
The number of dilutive shares excluded from calculation of basic earnings per share resulting from the anti-dilutive effect for stock options	0	0	0	0	0	0	0

Long-term Debt - Long-Term Debt

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt	$ 3,199,014	$ 3,004,532	$ 2,914,552
Debt, Less current maturities	(9,120)	(232,595)	(209,365)
Debt, excluding current maturities	3,189,894	2,771,937	2,705,187
Deferred financing costs	43,115	24,414	25,864
Deferred financing costs, Less current maturities	0	(6,081)	(5,245)
Deferred financing costs, excluding current maturities	43,115	18,333	20,619
Debt, net of deferred financing costs	3,155,899	2,980,118	2,888,688
Debt, net of deferred financing costs, Less current maturities	(9,120)	(226,514)	(204,120)
Long-term debt, net of deferred financing costs	3,146,779	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	0	(6,081)	(5,245)
Deferred financing costs, excluding current maturities	43,115	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	(9,120)	(226,514)	(204,120)
Long-term debt, net of deferred financing costs	3,146,779	2,753,604	2,684,568
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,790
Debt, net of deferred financing costs	394,210
4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,610
Debt, net of deferred financing costs	394,390
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	600,000
Deferred financing costs	8,394
Debt, net of deferred financing costs	591,606
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	598,339	1,127,069	1,291,088
Deferred financing costs	12,697	9,077	11,576
Debt, net of deferred financing costs	585,642	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	0	175,000	175,000
Deferred financing costs	667	846	1,168
Debt, net of deferred financing costs	667	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	535,000
Deferred financing costs	2,786	3,237	4,104
Debt, net of deferred financing costs	532,214	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	653,988	654,345	400,000
Deferred financing costs	7,171	7,752	4,754
Debt, net of deferred financing costs	646,817	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	11,687	3,118	3,464
Deferred financing costs	0	0
Debt, net of deferred financing costs	$ 11,687	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)	Jun. 30, 2020	Feb. 06, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 28, 2016	Jan. 10, 2014	Oct. 30, 2012
Debt Instrument [Line Items]
Interest rate on senior notes		4.00%
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.875%
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	3.75%
4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.00%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%		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%	5.375%
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%	5.75%
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) $ in Thousands	May 13, 2020USD ($)	Feb. 20, 2020	Feb. 06, 2020USD ($)	Feb. 01, 2019USD ($)	Dec. 18, 2018USD ($)	Mar. 19, 2018	Mar. 16, 2018USD ($)	May 15, 2017USD ($)	Jan. 28, 2016USD ($)	Jan. 10, 2014USD ($)	Oct. 30, 2012USD ($)	Feb. 09, 2012USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 16, 2020USD ($)	Jan. 17, 2019USD ($)
Debt Instrument [Line Items]
Debt instrument description														On February 6, 2020, Lamar Media entered into a Fourth Amended and Restated Credit Agreement (the “Fourth Amended and Restated Credit Agreement”) with certain of Lamar Media’s subsidiaries as guarantors, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto, under which the parties agreed to amend and restate Lamar Media’s existing senior credit facility. The Fourth Amended and Restated Credit Agreement amended and restated the Third Amended and Restated Credit Agreement dated as of May 15, 2017, as amended (the “Third Amended and Restated Credit Agreement”).
Proceeds received from term A loans														$ 598,500		$ 599,250	$ 450,000
Redeemed percentage of aggregate principal amount			104.00%
Additional revolving commitment																			$ 100,000
Adjusted Rate			1.50%
Ratio of indebtedness to net capital one			3.25
Outstanding revolving credit facility													$ 0	0	$ 150,000
Remaining borrowing capacity under revolving credit facility													737,216	737,216	387,291
Aggregate principal amount of debt issued													3,199,014	3,199,014	3,004,532
Debt instrument outstanding amount													3,199,014	3,199,014	3,004,532	2,914,552
Debt Instrument, Interest Rate, Stated Percentage			4.00%
Loss on debt extinguishment													5	18,184		15,429	71
Redemption price percentage of the principal amount to be purchased			40.00%
4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount													$ 400,000	$ 400,000
Debt Instrument, Interest Rate, Stated Percentage													4.00%	4.00%
Redemption price percentage of the principal amount to be purchased			101.00%
4% Senior Notes [Member] | Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redemption price percentage of the principal amount to be purchased			60.00%
4% Senior Notes [Member] | Prior to February 1, 2021 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount			100.00%
4% Senior Notes [Member] | Private Placement [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount			$ 400,000
Debt Instrument, Interest Rate, Stated Percentage			4.00%
Net proceeds from the issuance of debt			$ 395,000
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Redemption percentage of aggregate principal amount of senior notes			40.00%
Redeemed percentage of aggregate principal amount			103.75%
Debt instrument outstanding amount													$ 600,000	$ 600,000
Debt Instrument, Interest Rate, Stated Percentage													3.75%	3.75%
Redemption price percentage of the principal amount to be purchased			60.00%
3 3/4% Senior Notes [Member] | Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redemption percentage of aggregate principal amount of senior notes			100.00%
Redeemed percentage of aggregate principal amount			101.00%
3 3/4% Senior Notes [Member] | Private Placement [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued			$ 600,000
Debt Instrument, Interest Rate, Stated Percentage			3.75%
Net proceeds from the issuance of debt			$ 592,500
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Redemption percentage of aggregate principal amount of senior notes	40.00%
Redemption percentage of issued notes which remain outstanding	60.00%
Redeemed percentage of aggregate principal amount	104.875%
Debt instrument outstanding amount													$ 400,000	$ 400,000
Debt Instrument, Interest Rate, Stated Percentage													4.875%	4.875%
4 7/8% Senior Notes [Member] | Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount	100.00%
Redemption price percentage of the principal amount to be purchased	101.00%
4 7/8% Senior Notes [Member] | Private Placement [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued	$ 400,000
Net proceeds from the issuance of debt	$ 395,000
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Increase in delinquency ratio													11.00%	11.00%
Increase in dilution ratio													7.00%	7.00%
Increase in days sales outstanding														75 days
Number of days sales outstanding														65 days
Delinquency ratio													8.00%	8.00%
Dilution ratio													4.00%	4.00%
Percentage of commitment to maintain minimum borrowings														50.00%
Minimum Funding Threshold														requires the Special Purpose Subsidiaries to maintain minimum borrowings under the
Debt instrument maturity date					Dec. 17, 2021
Aggregate principal amount of debt issued					$ 175,000
Debt instrument outstanding amount													$ 0	$ 0	$ 175,000	175,000
Bearing interest rate															3.30%
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount						101.958%
Aggregate principal amount of debt issued												$ 500,000
Debt Instrument, Interest Rate, Stated Percentage												5.875%
Net proceeds from the issuance of debt												$ 489,000
Loss on debt extinguishment																15,429
Loss on debt extinguishment on cash																9,790
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued											$ 535,000
Debt instrument outstanding amount													$ 535,000	$ 535,000	$ 535,000	$ 535,000
Debt Instrument, Interest Rate, Stated Percentage											5.00%		5.00%	5.00%	5.00%	5.00%
Net proceeds from the issuance of debt											$ 527,100
Redemption price percentage of the principal amount to be purchased											101.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Redemption, description		The Company used the proceeds from the 4% Senior Notes and 3 3/4% Senior Notes to redeem in full all of the 5 3/8% Notes on February 20, 2020 at a redemption price of 101% of the aggregate principal amounts of the outstanding 5 3/8% Notes, plus accrued and unpaid interest up to but not including the redemption date.
Aggregate principal amount of debt issued										$ 510,000
Debt instrument outstanding amount															$ 510,000	$ 510,000
Debt Instrument, Interest Rate, Stated Percentage									5.375%	5.375%					5.375%	5.375%
Net proceeds from the issuance of debt										$ 502,300
Loss on debt extinguishment										12,576
Loss on debt extinguishment on cash										$ 9,139
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued									$ 400,000
Debt instrument outstanding amount													$ 653,988	$ 653,988	$ 654,345	$ 400,000
Debt Instrument, Interest Rate, Stated Percentage									5.75%				5.75%	5.75%	5.75%	5.75%
Net proceeds from the issuance of debt									$ 394,500
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]
Redeemed percentage of aggregate principal amount				100.00%
Redemption price percentage of the principal amount to be purchased				101.00%
5 3/4% Senior Notes [Member] | Private Placement [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued				$ 250,000
Debt Instrument, Interest Rate, Stated Percentage				5.75%
Net proceeds from the issuance of debt				$ 251,500
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance													$ 12,784	$ 12,784	$ 12,709
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Proceeds received from term A loans														598,500		$ 599,250	450,000
Debt instrument outstanding amount															3,004,532	2,914,552
Loss on debt extinguishment													$ 5	$ 18,184		15,429	$ 71
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount															175,000	175,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount															$ 535,000	$ 535,000
Debt Instrument, Interest Rate, Stated Percentage															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	$ 510,000
Debt Instrument, Interest Rate, Stated Percentage															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	$ 400,000
Debt Instrument, Interest Rate, Stated Percentage															5.75%	5.75%
Debt Instrument Repurchase Program [Member] | Senior or Senior Subordinated Notes and other Indebtedness [Member]
Debt Instrument [Line Items]
Debt repurchase program, authorized amount																		$ 250,000
Debt instrument repurchase expiry date														Sep. 30, 2021
Debt instrument repurchased under the program																		$ 0
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility			$ 750,000					$ 450,000
Debt instrument maturity date			Feb. 6, 2025					May 15, 2022
Loss on debt extinguishment														$ 5,608
Term A Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility								$ 450,000
Debt instrument maturity date								May 15, 2022
Proceeds received from term A loans								$ 450,000
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				$ 600,000
Debt instrument maturity date			Feb. 6, 2027				Mar. 16, 2025
Proceeds received from term A loans			$ 600,000
Amended and restated date							Mar. 16, 2018
Redeemed percentage of aggregate principal amount							5.875%
Term B Loan Facility [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.50%
Term B Loan Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			0.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility																			$ 550,000
Revolving Credit Facility [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt instrument maturity date														Feb. 6, 2025	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				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
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.25%				1.25%
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Three Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate			0.25%
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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 226,137	$ 222,989	$ 215,089
Additions to asset retirement obligations	421	2,529	7,583
Accretion expense	2,129	4,260	4,404
Liabilities settled	(3,742)	(3,641)	(4,087)
Ending Balance	$ 224,945	$ 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	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 63,998	$ 61,693	$ 126,311	$ 123,199	$ 250,028	$ 225,261	$ 211,104
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	60,142	58,200	118,839	116,315	235,544	212,585	196,107
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	1,151	1,140	2,432	2,261	4,416	4,134	4,151
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 2,705	$ 2,353	$ 5,040	$ 4,623	$ 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	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	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			$ (1,313)	$ (15,121)	(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	$ (240)	$ (12,380)	$ 1,296	$ (10,292)	$ (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	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	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	$ 31,189	$ 106,016	$ 73,218	$ 159,357	$ 367,889	$ 315,929	$ 326,906

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	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	[1]					(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	[2]					(1,032)	3,813	3,953
Rate change	[3]						(80)	(466)
Undistributed earnings of foreign subsidiaries	[4]					(102)	(393)	1,363
Minimum tax credit refundable	[5]							(4,108)
Deferred tax adjustment due to REIT conversion	[6]					(17,031)
Other differences, net	[7]					2,299	204	(342)
Income tax expense		$ (240)	$ (12,380)	$ 1,296	$ (10,292)	$ (4,222)	$ 10,697	$ 9,230
[1]	Includes dividend paid deduction of $76,688, $69,818 and $110,442 for the tax years ended December 31, 2019, 2018 and 2017, respectively.
[2]	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.
[3]	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.
[4]	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.
[5]	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.
[6]	The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS.
[7]	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.

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]	$ (1,032)	$ 3,813	$ 3,953
Income tax rate		21.00%	21.00%	35.00%
Rate change	[2]		$ 80	$ 466
Recognized a deferred tax charge for future foreign withholding taxes related to undistributed earnings	[3]	$ (102)	(393)	1,363
Minimum tax credit carryforward, cash benefit	[4]			$ 4,108
Alternative minimum tax carryforwards utilized refundable year				2021
Deferred tax benefit, relates to transfer of assets purchased	[5]	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
[1]	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.
[2]	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.
[3]	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.
[4]	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.
[5]	The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS.

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 ($)	Jul. 16, 1999	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 16, 2020	May 01, 2018
Class of Stock [Line Items]
Liquidation value of outstanding preferred stock			$ 3,649,000
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.
Aggregate offering price of common stock issuable						$ 400,000,000
Additional shares issued			266,410	576,002
Shelf Registration [Member]
Class of Stock [Line Items]
Additional shares issued		0	0
Series AA Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	5,720	5,720	5,720	5,720
Preferred stock, par value	$ 0.001	$ 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		$ 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	842,412
Common stock, shares available to be sold		$ 336,668,000	$ 336,668,000
Common Class A [Member] | Maximum [Member]
Class of Stock [Line Items]
Aggregate offering price of common stock issuable						$ 400,000,000
Common Class A [Member] | Stock Repurchase Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 250,000,000
Stock repurchase program expiry date		Sep. 30, 2021
Stock repurchased during period		$ 0

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	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 and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.	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.
Accrued expenses, liability		$ 23,297	$ 19,211
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
Number of shares available for grant	2,470,063	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
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted	32,000
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	3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	5 years	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	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%	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%	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	86,093	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	$ 3,494	$ 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	10 years
Restricted Stock [Member] | Non-employee Director [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 492
Restricted Stock [Member] | Non-employee Director [Member] | Percentage of Awards Vesting On Last Day of Each Directors Term [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of awards vesting on grant date	50.00%
Award vesting period	1 year
Restricted Stock [Member] | Non-employee Director [Member] | Percentage of awards vesting on grant date [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of awards vesting on grant date	50.00%

Stock-Based Compensation - Weig

Stock-Based Compensation - 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-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Transactions Under Various Stock-Based Employee Compensation Plans (Detail) - $ / shares	3 Months Ended				12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding, Beginning Balance, Shares		608,375		836,859	836,859
Granted, Shares					117,000
Exercised, Shares	(13,642)	(14,609)	(85,379)	(186,521)	(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		$ 57.97		$ 49.65	$ 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-Based Compensation - Summ

Stock-Based Compensation - Summary of ESPP Share Activity (Detail) - shares	3 Months Ended				6 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, beginning		2,669,471			2,669,471
Purchases	(31,114)	(58,734)	(31,455)	(44,161)		(129,972)	(126,012)	(107,978)
Available for future purchases, ending	2,470,063				2,470,063	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					86,093	300,000
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, beginning		438,434		183,244	438,434	183,244
Purchases					(89,848)	(129,972)
Available for future purchases, ending	434,679				434,679	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					86,093	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	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Feb. 06, 2020	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 3,429,654	$ 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 7.0 to 1 and (ii) the secured debt ratio does not exceed 4.5 to 1.	(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	7	6.5
Debt ratio related to actual position on senior credit facility	7	6.5
Secured debt ratio			3.25
Available cumulative credit	$ 2,180,134	$ 2,140,441
Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	4.5	3.5
LAMAR MEDIA CORP [Member] | Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	4.5	3.5

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 3,159,255	$ 3,064,068
Gross amount of company's long term debt	3,199,014	3,004,532
Carrying amount of company's long term debt	$ 3,199,014	$ 3,004,532	$ 2,914,552

Information about Geographic _2

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	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	$ 5,406		$ 4,549	$ 2,387
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 11,022	$ 17,057	$ 34,517	$ 35,146	$ 33,424

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating liabilities, expected to be recognized	$ 1,054,140,000	$ 1,068,181,000
Retained earnings	(787,751,000)	(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	$ 1,200,000,000
Retained earnings	$ 0

Dividends_Distributions - Addit

Dividends/Distributions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Dividends [Abstract]
Dividends declared, per share	$ 0.50	$ 1	$ 0.96	$ 0.96	$ 1.50	$ 1.92	$ 3.84	$ 3.65	$ 3.32
Distributions paid, preferred stockholders	$ 91		$ 91		$ 182	$ 182	$ 365	$ 365	$ 365
Distributions paid, preferred stockholders, per share	$ 15.95		$ 15.95		$ 31.90	$ 31.90	$ 63.80	$ 79.75	$ 47.85
Distributions paid	$ 50,396		$ 96,039		$ 151,083	$ 191,954
Distributions paid, per share	$ 0.50		$ 0.96		$ 1.50	$ 1.92

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended										6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interim Reporting [Line Items]
Net revenues	$ 347,652		$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 754,221	$ 833,199	$ 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	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	$ 31,338		$ 102,661	$ 99,618	118,305	51,162	$ 95,601	$ 93,965	$ 100,340	$ 14,961	$ 71,740	$ 169,467	$ 371,746	$ 304,867	$ 317,311
Net income	$ 31,429	$ 40,493			$ 118,396	$ 51,253					$ 71,922	$ 169,649	$ 372,111	$ 305,232	$ 317,676
Net income per common share basic	$ 0.31		$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 0.97	$ 0.95	$ 1.02	$ 0.15	$ 0.71	$ 1.70	$ 3.71	$ 3.09	$ 3.24
Net income per common share diluted	$ 0.31		$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 0.96	$ 0.95	$ 1.02	$ 0.15	$ 0.71	$ 1.69	$ 3.71	$ 3.08	$ 3.23
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Interim Reporting [Line Items]
Net revenues	$ 347,652		$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 754,221	$ 833,199	$ 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	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	$ 31,534	$ 40,617	$ 102,861	$ 99,832	$ 118,485	$ 51,362	$ 95,788	$ 94,165	$ 100,520	$ 15,158	$ 72,151	$ 169,847	$ 372,540	$ 305,631	$ 318,058

Divestiture of Assets - Additio

Divestiture of Assets - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 16, 2018	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Divestiture Of Assets [Line Items]
(Gain) loss on disposition of assets		$ (1,015)	$ (537)	$ (3,519)	$ (5,161)	$ (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 ($) $ in Thousands	Jul. 30, 2020	Feb. 20, 2020	Feb. 06, 2020	Jun. 30, 2020	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Jan. 17, 2019	Mar. 16, 2018	Jan. 28, 2016	Jan. 10, 2014
Subsequent Event [Line Items]
Aggregate principal amount of debt issued				$ 3,199,014			$ 3,004,532
Interest rate on convertible notes			4.00%
Proceeds received from term loans				$ 598,500	$ 599,250	$ 450,000
3 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Interest rate on convertible notes				3.75%
5 3/8% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued											$ 510,000
Interest rate on convertible notes					5.375%		5.375%			5.375%	5.375%
Subsequent Events [Member]
Subsequent Event [Line Items]
Debt instrument redemption amount	$ 267,500
Aggregate principal amount of debt issued	$ 535,000		$ 1,000,000
Debt instrument redemption date	Aug. 31, 2020
Subsequent Events [Member] | 5% Notes [Member]
Subsequent Event [Line Items]
Interest rate on convertible notes	5.00%
Subsequent Events [Member] | 3 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued			$ 600,000
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
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						$ 600,000
Proceeds received from term loans			600,000
Term B Loan Facility [Member] | Subsequent Events [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity			600,000
Proceeds received from term loans			600,000
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity								$ 550,000
Revolving Credit Facility [Member] | Subsequent Events [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity			$ 750,000

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	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Total current assets	$ 444,237		$ 310,169			$ 363,669
Net property, plant and equipment	1,320,475		1,349,115			1,295,048
Operating lease right of use assets	1,292,917		1,320,779
Other assets	56,595		56,574			51,085
Total assets	5,981,581		5,941,155			4,544,641
Current liabilities:
Current maturities of long-term debt	9,120		226,514			204,120
Current operating lease liabilities	173,835		196,841
Total current liabilities	393,862		672,808			455,035
Long-term debt	3,146,779		2,753,604			2,684,568
Operating lease liabilities	1,054,140		1,068,181
Total liabilities	4,858,210		4,760,849			3,412,857
Stockholder's equity	1,123,371	$ 1,137,784	1,180,306	$ 1,139,295	$ 1,109,578	1,131,784	$ 1,103,493	$ 1,069,528
Total liabilities and stockholders' equity	5,981,581		5,941,155			4,544,641
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
ASSETS
Total current assets	443,737		309,669			363,169
Net property, plant and equipment	1,320,475		1,349,115			1,295,048
Operating lease right of use assets	1,292,917		1,320,779
Intangibles and goodwill, net	2,856,738		2,893,899			2,824,219
Other assets	50,980		50,959			45,450
Total assets	5,964,847		5,924,421			4,527,886
Current liabilities:
Current maturities of long-term debt	9,120		226,514			204,120
Current operating lease liabilities	173,835		196,841
Other current liabilities	204,537		243,494			245,748
Total current liabilities	387,492		666,849			449,868
Long-term debt	3,146,779		2,753,604			2,684,568
Operating lease liabilities	1,054,140		1,068,181
Other noncurrent liabilities	263,429		266,256			273,254
Total liabilities	4,851,840		4,754,890			3,407,690
Stockholder's equity	1,113,007		1,169,531			1,120,196
Total liabilities and stockholders' equity	5,964,847		5,924,421			4,527,886
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
ASSETS
Total current assets	164,644		13,859			4,653
Other assets	4,157,051		4,193,629			4,056,288
Total assets	4,321,695		4,207,488			4,060,941
Current liabilities:
Current maturities of long-term debt			51,480			29,086
Other current liabilities	33,062		26,960			27,067
Total current liabilities	33,062		78,440			56,153
Long-term debt	3,144,240		2,753,570			2,684,500
Other noncurrent liabilities	31,386		205,947			200,092
Total liabilities	3,208,688		3,037,957			2,940,745
Stockholder's equity	1,113,007		1,169,531			1,120,196
Total liabilities and stockholders' equity	4,321,695		4,207,488			4,060,941
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
ASSETS
Total current assets	44,905		53,756			121,549
Net property, plant and equipment	1,311,329		1,340,675			1,289,348
Operating lease right of use assets	1,271,821		1,293,674
Intangibles and goodwill, net	2,838,868		2,875,644			2,804,915
Other assets	225,091		229,905			230,504
Total assets	5,692,014		5,793,654			4,446,316
Current liabilities:
Current maturities of long-term debt	9,120		34			34
Current operating lease liabilities	168,390		189,071
Other current liabilities	158,005		196,689			204,103
Total current liabilities	335,515		385,794			204,137
Long-term debt	2,539		34			68
Operating lease liabilities	1,037,680		1,049,220
Other noncurrent liabilities	229,469		231,416			246,312
Total liabilities	1,605,203		1,666,464			450,517
Stockholder's equity	4,086,811		4,127,190			3,995,799
Total liabilities and stockholders' equity	5,692,014		5,793,654			4,446,316
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	234,188		242,054			236,967
Net property, plant and equipment	9,146		8,440			5,700
Operating lease right of use assets	21,096		27,105
Intangibles and goodwill, net	17,870		18,255			19,304
Other assets	10,393		184,805			184,247
Total assets	292,693		480,659			446,218
Current liabilities:
Current maturities of long-term debt			175,000			175,000
Current operating lease liabilities	5,445		7,770
Other current liabilities	13,470		19,845			14,578
Total current liabilities	18,915		202,615			189,578
Operating lease liabilities	16,460		18,961
Other noncurrent liabilities	252,027		250,859			251,835
Total liabilities	287,402		472,435			441,413
Stockholder's equity	5,291		8,224			4,805
Total liabilities and stockholders' equity	292,693		480,659			446,218
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Eliminations [Member]
ASSETS
Other assets	(4,341,555)		(4,557,380)			(4,425,589)
Total assets	(4,341,555)		(4,557,380)			(4,425,589)
Current liabilities:
Other noncurrent liabilities	(249,453)		(421,966)			(424,985)
Total liabilities	(249,453)		(421,966)			(424,985)
Stockholder's equity	(4,092,102)		(4,135,414)			(4,000,604)
Total liabilities and stockholders' equity	$ (4,341,555)		$ (4,557,380)			$ (4,425,589)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended										6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 347,652		$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 754,221	$ 833,199	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses	$ 134,059				$ 146,390						$ 283,553	$ 286,860	$ 590,078	$ 561,848	$ 540,880
General and administrative expenses	67,408				78,416						149,612	157,709	318,380	289,428	276,229
Corporate expenses	16,750				18,674						35,241	35,703	84,658	82,896	62,344
Depreciation and amortization	63,998				61,693						126,311	123,199	250,028	225,261	211,104
(Gain) loss on disposition of assets	(1,015)				(537)						(3,519)	(5,161)	(7,241)	7,233	(4,664)
Total Operating Expenses	281,200				304,636						591,198	598,310	1,235,903	1,166,666	1,085,893
Operating income	66,452				144,106						163,023	234,889	517,741	460,556	455,367
Loss on extinguishment of debt	5										18,184			15,429	71
Income before income tax expense	31,189				106,016						73,218	159,357	367,889	315,929	326,906
Income tax (benefit) expense	(240)				(12,380)						1,296	(10,292)	(4,222)	10,697	9,230
Net income	31,429	$ 40,493			118,396	51,253					71,922	169,649	372,111	305,232	317,676
Statements of Comprehensive Income
Net Income (Loss)	31,429	$ 40,493			118,396	$ 51,253					71,922	169,649	372,111	305,232	317,676
Comprehensive income	$ 32,169				$ 118,683						$ 71,064	$ 170,195	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 347,652				$ 448,742						$ 754,221	$ 833,199	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses	$ 134,059				$ 146,390						$ 283,553	$ 286,860	$ 590,078	$ 561,848	$ 540,880
General and administrative expenses	67,408				78,416						149,612	157,709	318,380	289,428	276,229
Corporate expenses	16,645				18,585						35,012	35,505	84,229	82,497	61,962
Depreciation and amortization	63,998				61,693						126,311	123,199	250,028	225,261	211,104
(Gain) loss on disposition of assets	(1,015)				(537)						(3,519)	(5,161)	(7,241)	7,233	(4,664)
Total Operating Expenses	281,095				304,547						590,969	598,112	1,235,474	1,166,267	1,085,511
Operating income	66,557				144,195						163,252	235,087	518,170	460,955	455,749
Loss on extinguishment of debt	5										18,184
Interest expense (income), net	35,258				38,090						71,621	75,532	149,852	129,198	128,390
Other expenses (income)														15,429	71
Income before income tax expense	31,294				106,105						73,447	159,555	368,318	316,328	327,288
Income tax (benefit) expense	(240)				(12,380)						1,296	(10,292)	(4,222)	10,697	9,230
Net income	31,534				118,485						72,151	169,847	372,540	305,631	318,058
Statements of Comprehensive Income
Net Income (Loss)	31,534				118,485						72,151	169,847	372,540	305,631	318,058
Foreign currency translation adjustments	740				287						(858)	546	673	(1,290)	1,926
Comprehensive income	$ 32,274				$ 118,772						$ 71,293	$ 170,393	$ 373,213	$ 304,341	$ 319,984
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member] | Lamar Media [Member]
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember				us-gaap:AdvertisingMember						us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember				us-gaap:AdvertisingMember						us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Equity in (earnings) loss of subsidiaries	$ (66,370)				$ (155,336)						$ (160,584)	$ (242,710)	$ (517,516)	$ (450,791)	$ (446,520)
Loss on extinguishment of debt	5										18,184
Interest expense (income), net	34,831				36,851						70,249	72,863	144,976	129,731	128,391
Other expenses (income)														15,429	71
Income before income tax expense	31,534				118,485						72,151	169,847	372,540	305,631	318,058
Net income	31,534				118,485						72,151	169,847	372,540	305,631	318,058
Statements of Comprehensive Income
Net Income (Loss)	31,534				118,485						72,151	169,847	372,540	305,631	318,058
Comprehensive income	$ 31,534				$ 118,485						$ 72,151	$ 169,847	$ 372,540	$ 305,631	$ 318,058
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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 341,664				$ 437,074						$ 738,295	$ 811,655	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses	$ 128,485				$ 140,108						$ 271,537	$ 274,858	$ 564,877	$ 537,269	$ 512,247
General and administrative expenses	65,222				76,475						145,750	154,132	310,813	280,874	266,798
Corporate expenses	16,521				18,274						34,608	34,897	82,652	80,861	60,830
Depreciation and amortization	63,545				61,031						125,450	121,864	247,191	219,341	201,424
(Gain) loss on disposition of assets	(1,070)				(550)						(3,574)	(1,010)	(3,103)	(576)	(5,704)
Total Operating Expenses	272,703				295,338						573,771	584,741	1,202,430	1,117,769	1,035,595
Operating income	68,961				141,736						164,524	226,914	507,261	461,850	458,680
Interest expense (income), net	(24)				(82)						(59)	(87)	(149)	(99)	(5)
Income before income tax expense	68,985				141,818						164,583	227,001	507,410	461,949	458,685
Income tax (benefit) expense	582				(13,231)						1,924	(12,612)	(7,360)	7,879	7,069
Net income	68,403				155,049						162,659	239,613	514,770	454,070	451,616
Statements of Comprehensive Income
Net Income (Loss)	68,403				155,049						162,659	239,613	514,770	454,070	451,616
Comprehensive income	$ 68,403				$ 155,049						$ 162,659	$ 239,613	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 6,237				$ 12,498						$ 16,689	$ 23,024	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses	$ 5,823				$ 7,112						$ 12,779	$ 13,482	$ 28,052	$ 27,307	$ 31,277
General and administrative expenses	2,186				1,941						3,862	3,577	7,567	8,554	9,431
Corporate expenses	124				311						404	608	1,577	1,636	1,132
Depreciation and amortization	453				662						861	1,335	2,837	5,920	9,680
(Gain) loss on disposition of assets	55				13						55	(4,151)	(4,138)	7,809	1,040
Total Operating Expenses	8,641				10,039						17,961	14,851	35,895	51,226	52,560
Operating income	(2,404)				2,459						(1,272)	8,173	10,909	(874)	(1,228)
Interest expense (income), net	451				1,321						1,431	2,756	5,025	(413)	1,707
Income before income tax expense	(2,855)				1,138						(2,703)	5,417	5,884	(461)	(2,935)
Income tax (benefit) expense	(822)				851						(628)	2,320	3,138	2,818	2,161
Net income	(2,033)				287						(2,075)	3,097	2,746	(3,279)	(5,096)
Statements of Comprehensive Income
Net Income (Loss)	(2,033)				287						(2,075)	3,097	2,746	(3,279)	(5,096)
Foreign currency translation adjustments	740				287						(858)	546	673	(1,290)	1,926
Comprehensive income	$ (1,293)				$ 574						$ (2,933)	$ 3,643	$ 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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ (249)				$ (830)						$ (763)	$ (1,480)	$ (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	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses	$ (249)				$ (830)						$ (763)	$ (1,480)	$ (2,851)	$ (2,728)	$ (2,644)
Total Operating Expenses	(249)				(830)						(763)	(1,480)	(2,851)	(2,728)	(2,644)
Operating income														(21)	(1,703)
Equity in (earnings) loss of subsidiaries	66,370				155,336						160,584	242,710	517,516	450,791	446,520
Interest expense (income), net														(21)	(1,703)
Income before income tax expense	(66,370)				(155,336)						(160,584)	(242,710)	(517,516)	(450,791)	(446,520)
Net income	(66,370)				(155,336)						(160,584)	(242,710)	(517,516)	(450,791)	(446,520)
Statements of Comprehensive Income
Net Income (Loss)	(66,370)				(155,336)						(160,584)	(242,710)	(517,516)	(450,791)	(446,520)
Comprehensive income	$ (66,370)				$ (155,336)						$ (160,584)	$ (242,710)	$ (517,516)	$ (450,791)	$ (446,520)

Condensed Consolidating State_2

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 210,677	$ 237,049	$ 630,865	$ 564,846	$ 507,016
Cash flows from investing activities:
Capital expenditures	(36,274)	(60,560)	(140,956)	(117,638)	(109,329)
Acquisitions	(26,153)	(78,141)	(226,278)	(477,389)	(297,305)
Proceeds from disposition of assets and investments	4,750	2,100	5,438	6,648	6,053
Proceeds received from property insurance claims			210	4,222
(Increase) decrease in notes receivable		(544)	(448)	9	515
Net cash used in investing activities	(57,677)	(137,145)	(362,034)	(584,148)	(400,066)
Cash flows from financing activities:
Payment on revolving credit facility	(805,000)	(375,000)	(625,000)	(481,000)	(477,000)
Principal payments on long-term debt	(182)	(14,421)	(34,471)	(27,328)	(16,993)
Borrowings on long term debt	8,750
Proceeds received from senior credit facility term loans	598,500			599,250	450,000
Proceeds received from accounts receivable securitization program		9,000	9,000	175,000
Payments on accounts receivable securitization program	(175,000)	(9,000)	(9,000)
Debt issuance costs	(30,112)	(4,435)	(4,463)	(7,616)	(4,941)
Redemption of senior subordinated notes	(519,139)			(509,790)
Proceeds received from note offering	1,400,000	255,000	255,000
Distributions to non-controlling interest	(882)	(285)	(621)	(541)	(693)
Net cash used in financing activities	(1,903)	(104,347)	(264,357)	(73,563)	(28,641)
Effect of exchange rate changes in cash and cash equivalents	(192)	203	220	(1,112)	1,632
Net increase (decrease) in cash and cash equivalents	150,905	(4,240)	4,694	(93,977)	79,941
Cash and cash equivalents at beginning of period	26,188	21,494	21,494	115,471	35,530
Cash and cash equivalents at end of period	177,093	17,254	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 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)
Dividends (to) from parent			(393,700)	(446,744)	(252,925)
Contributions from (to) parent			69,822	89,967	49,187
Net cash used in 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	25,688	20,994	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] | Lamar Media [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	165,269	158,778
Cash flows from investing activities:
Acquisitions	577
Proceeds received from property insurance claims		(78,141)
Investment in subsidiaries	(26,730)	5,161
Decrease in intercompany notes receivable	(181,089)	(127)
Net cash used in investing activities	(207,242)	(73,107)
Cash flows from financing activities:
Proceeds received from revolving credit facility	655,000	220,000
Payment on revolving credit facility	(805,000)	(375,000)
Principal payments on long-term debt		(14,421)
Payment on senior credit facility	(978,097)
Proceeds received from senior credit facility term loans	598,500
Debt issuance costs	(30,112)	(4,435)
Redemption of senior subordinated notes	(519,139)
Proceeds received from note offering	1,400,000	255,000
Dividends (to) from parent	(161,208)	(200,636)
Contributions from (to) parent	33,391	38,135
Net cash used in financing activities	193,335	(81,357)
Net increase (decrease) in cash and cash equivalents	151,362	4,314
Cash and cash equivalents at beginning of period	13,185	4,029	4,029
Cash and cash equivalents at end of period	164,547	8,343	13,185	4,029
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	238,800	287,842
Cash flows from investing activities:
Capital expenditures	(34,770)
Acquisitions	(26,730)	(78,141)
Proceeds from disposition of assets and investments	4,750	2,100
Decrease in intercompany notes receivable		(417)
Net cash used in investing activities	(56,750)	(135,651)
Cash flows from financing activities:
Principal payments on long-term debt	(182)
Borrowings on long term debt	8,750
Debt issuance costs		(59,193)
Intercompany loan proceeds (payments)	3,808	(8,461)
Dividends (to) from parent	(226,745)	(230,068)
Contributions from (to) parent	26,730	78,141
Net cash used in financing activities	(187,639)	(160,388)
Net increase (decrease) in cash and cash equivalents	(5,589)	(8,197)
Cash and cash equivalents at beginning of period	8,278	11,655	11,655
Cash and cash equivalents at end of period	2,689	3,458	8,278	11,655
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	5,429	(2,208)
Cash flows from investing activities:
Capital expenditures	(1,504)
Net cash used in investing activities	(1,504)	(1,367)
Cash flows from financing activities:
Proceeds received from accounts receivable securitization program		9,000
Payments on accounts receivable securitization program	(175,000)	(9,000)
Debt issuance costs		(1,367)
Intercompany loan proceeds (payments)	177,281	3,300
Distributions to non-controlling interest	(882)	(285)
Net cash used in financing activities	1,399	3,015
Effect of exchange rate changes in cash and cash equivalents	(192)	203
Net increase (decrease) in cash and cash equivalents	5,132	(357)
Cash and cash equivalents at beginning of period	4,225	5,310	5,310
Cash and cash equivalents at end of period	9,357	4,953	4,225	5,310
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Reportable Legal Entities [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	182,753	214,344
Cash flows from investing activities:
Capital expenditures	(36,274)	(60,560)
Acquisitions	(26,153)	(78,141)
Proceeds from disposition of assets and investments	4,750	2,100
Decrease in intercompany notes receivable		(544)
Net cash used in investing activities	(57,677)	(137,145)
Cash flows from financing activities:
Proceeds received from revolving credit facility	655,000	220,000
Payment on revolving credit facility	(805,000)	(375,000)
Principal payments on long-term debt	(182)	(14,421)
Borrowings on long term debt	8,750
Payment on senior credit facility	(978,097)
Proceeds received from senior credit facility term loans	598,500
Proceeds received from accounts receivable securitization program		9,000
Payments on accounts receivable securitization program	(175,000)	(9,000)
Debt issuance costs	(30,112)	(4,435)
Redemption of senior subordinated notes	(519,139)
Proceeds received from note offering	1,400,000	255,000
Distributions to non-controlling interest	(882)	(285)
Dividends (to) from parent	(161,208)	(200,636)
Contributions from (to) parent	33,391	38,135
Net cash used in financing activities	26,021	(81,642)
Effect of exchange rate changes in cash and cash equivalents	(192)	203
Net increase (decrease) in cash and cash equivalents	150,905	(4,240)
Cash and cash equivalents at beginning of period	25,688	20,994	20,994
Cash and cash equivalents at end of period	176,593	16,754	25,688	20,994
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 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
Net cash used in 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	13,185	4,029	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 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
Net cash used in 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	8,278	11,655	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 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
Net cash used in 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	4,225	5,310	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	(226,745)	(230,068)	(609,657)	(566,386)	(503,808)
Cash flows from investing activities:
Proceeds received from property insurance claims		78,141
Investment in subsidiaries	26,730	(5,161)	226,278	498,226	301,055
Decrease in intercompany notes receivable	181,089		(3,787)	(30,034)	7,624
Net cash used in investing activities	207,819	72,980	222,491	468,192	308,679
Cash flows from financing activities:
Intercompany loan proceeds (payments)	(181,089)	5,161	3,787	30,034	(7,624)
Dividends (to) from parent	226,745	230,068	609,657	566,386	503,808
Contributions from (to) parent	(26,730)	(78,141)	(226,278)	(498,226)	(301,055)
Net cash used in financing activities	$ 18,926	$ 157,088	$ 387,166	$ 98,194	$ 195,129