Lamar Media 8-K 11 Jul 16 Management’s Report on Internal Control Over Financial Reporting Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2015
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Trading Symbol	LAMR
Entity Registrant Name	LAMAR ADVERTISING CO/NEW
Entity Central Index Key	1,090,425
LAMAR MEDIA CORP [Member]
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	899,045

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 22,327	$ 26,035
Receivables, net of allowance for doubtful accounts	174,398	169,610
Prepaid lease expenses	44,437	42,713
Deferred income tax assets	1,352	729
Other current assets	39,218	34,057
Total current assets	281,732	273,144
Property, plant and equipment	3,139,239	3,110,385
Less accumulated depreciation and amortization	(2,044,102)	(2,026,745)
Net property, plant and equipment	1,095,137	1,083,640
Goodwill	1,546,594	1,512,768
Intangible assets, net	402,886	366,985
Deferred financing costs, net of accumulated amortization	28,034	32,725
Deferred income tax assets		12,496
Other assets	37,395	37,060
Total assets	3,391,778	3,318,818
Current liabilities:
Trade accounts payable	17,452	16,368
Current maturities of long-term debt	21,332	15,625
Accrued expenses	115,208	108,790
Deferred income	87,661	84,558
Total current liabilities	241,653	225,341
Long-term debt	1,898,152	1,884,270
Deferred income tax liabilities	2,052
Asset retirement obligation	206,234	204,327
Other liabilities	22,628	23,414
Total liabilities	2,370,719	2,337,352
Stockholder's equity:
Additional paid-in-capital	1,664,038	1,611,775
Accumulated comprehensive (deficit) income	(1,178)	2,454
Accumulated deficit	(635,799)	(632,859)
Stockholder's equity	1,021,059	981,466
Cost of shares held in treasury, 104,836 and 0 shares in 2015 and 2014, respectively	(6,099)
Total liabilities and stockholder's equity	3,391,778	3,318,818
LAMAR MEDIA CORP [Member]
Current assets:
Cash and cash equivalents	21,827	25,535
Receivables, net of allowance for doubtful accounts	174,398	169,610
Prepaid lease expenses	44,437	42,713
Deferred income tax assets	1,352	729
Other current assets	39,218	34,057
Total current assets	281,232	272,644
Property, plant and equipment	3,139,239	3,110,385
Less accumulated depreciation and amortization	(2,044,102)	(2,026,745)
Net property, plant and equipment	1,095,137	1,083,640
Goodwill	1,536,443	1,502,616
Intangible assets, net	402,418	366,518
Deferred financing costs, net of accumulated amortization	26,080	30,771
Deferred income tax assets		12,496
Other assets	32,110	31,775
Total assets	3,373,420	3,300,460
Current liabilities:
Trade accounts payable	17,452	16,368
Current maturities of long-term debt	21,332	15,625
Accrued expenses	110,728	105,007
Deferred income	87,661	84,558
Total current liabilities	237,173	221,558
Long-term debt	1,898,152	1,884,270
Deferred income tax liabilities	2,052
Asset retirement obligation	206,234	204,327
Other liabilities	22,628	23,414
Total liabilities	2,366,239	2,333,569
Stockholder's equity:
Additional paid-in-capital	2,734,479	2,682,216
Accumulated comprehensive (deficit) income	(1,178)	2,454
Accumulated deficit	(1,726,120)	(1,717,779)
Stockholder's equity	1,007,181	966,891
Total liabilities and stockholder's equity	3,373,420	3,300,460
Series AA Preferred Stock [Member]
Stockholder's equity:
Preferred stock, value
Common Class A [Member]
Stockholder's equity:
Common stock, value	82	81
Common Class B [Member]
Stockholder's equity:
Common stock, value	$ 15	$ 15

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 8,984	$ 7,957
Accumulated amortization	$ 19,455	$ 14,764
Shares held in treasury	104,836	0
Series AA Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative dividends	$ 63.80	$ 63.80
Preferred stock, shares authorized	5,720	5,720
Preferred stock, shares issued	5,720	5,720
Preferred stock, shares outstanding	5,720	5,720
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	362,500,000	362,500,000
Common stock, shares issued	82,188,372	80,933,071
Common stock, shares outstanding	82,083,536	80,933,071
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	37,500,000	37,500,000
Common stock, shares issued	14,610,365	14,610,365
Common stock, shares outstanding	14,610,365	14,610,365
LAMAR MEDIA CORP [Member]
Allowance for doubtful accounts	$ 8,984	$ 7,957
Accumulated amortization	$ 10,167	$ 5,476
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net revenues	$ 1,353,396	$ 1,287,060	$ 1,245,842
Operating expenses (income):
Direct advertising expenses (exclusive of depreciation and amortization)	473,760	453,269	436,844
General and administrative expenses (exclusive of depreciation and amortization)	242,182	230,800	231,574
Corporate expenses (exclusive of depreciation and amortization)	71,759	69,078	57,212
Depreciation and amortization	191,433	258,435	300,579
Gain on disposition of assets	(8,765)	(3,192)	(3,804)
Total Operating Expenses	970,369	1,008,390	1,022,405
Operating income	383,027	278,670	223,437
Other expense (income):
Loss on extinguishment of debt		26,023	14,345
Other-than-temporary impairment of investment		4,069
Interest income	(34)	(102)	(165)
Interest expense	98,433	105,254	146,277
Non-operating (Income) Expenses	98,399	135,244	160,457
Income before income tax expense	284,628	143,426	62,980
Income tax expense (benefit)	22,058	(110,092)	22,841
Net income	262,570	253,518	40,139
Preferred stock dividends	365	365	365
Net income applicable to common stock	$ 262,205	$ 253,153	$ 39,774
Earnings per share:
Basic earnings per share	$ 2.72	$ 2.66	$ 0.42
Diluted earnings per share	2.72	2.66	$ 0.42
Cash dividends declared per share of common stock	$ 2.75	$ 2.50
Weighted average common shares outstanding	96,321,578	95,218,083	94,387,230
Incremental common shares from dilutive stock options	53,552	66,043	358,285
Weighted average common shares assuming dilution	96,375,130	95,284,126	94,745,515
Statements of Comprehensive Income
Net income	$ 262,570	$ 253,518	$ 40,139
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(3,632)	(1,413)	(2,111)
Comprehensive income	258,938	252,105	38,028
LAMAR MEDIA CORP [Member]
Net revenues	1,353,396	1,287,060	1,245,842
Operating expenses (income):
Direct advertising expenses (exclusive of depreciation and amortization)	473,760	453,269	436,844
General and administrative expenses (exclusive of depreciation and amortization)	242,182	230,800	231,574
Corporate expenses (exclusive of depreciation and amortization)	71,426	68,733	56,877
Depreciation and amortization	191,433	258,435	300,579
Gain on disposition of assets	(8,765)	(3,192)	(3,804)
Total Operating Expenses	970,036	1,008,045	1,022,070
Operating income	383,360	279,015	223,772
Other expense (income):
Loss on extinguishment of debt		26,023	14,345
Other-than-temporary impairment of investment		4,069
Interest income	(34)	(102)	(165)
Interest expense	98,433	105,254	146,277
Non-operating (Income) Expenses	98,399	135,244	160,457
Income before income tax expense	284,961	143,771	63,315
Income tax expense (benefit)	22,058	(143,264)	22,977
Net income	262,903	287,035	40,338
Statements of Comprehensive Income
Net income	262,903	287,035	40,338
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(3,632)	(1,413)	(2,111)
Comprehensive income	$ 259,271	$ 285,622	$ 38,227

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	LAMAR MEDIA CORP [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]LAMAR MEDIA CORP [Member]	Accumulated Comprehensive Income (Deficit) [Member]	Accumulated Comprehensive Income (Deficit) [Member]LAMAR MEDIA CORP [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member]LAMAR MEDIA CORP [Member]	Common Class A [Member]Common Stock [Member]	Common Class B [Member]Common Stock [Member]
Beginning Balance at Dec. 31, 2012	$ 861,625	$ 812,605	$ (889,631)	$ 2,432,518	$ 2,606,157	$ 5,978	$ 5,978	$ (687,351)	$ (1,799,530)	$ 96	$ 15
Non-cash compensation	18,179			18,179
Contribution from parent		37,858			37,858
Exercise of stock options	16,993			16,992						1
Issuance of shares of common stock through employee purchase plan	3,900			3,900
Tax shortfall related to options exercised	(1,214)			(1,214)
Purchase of treasury stock	(4,200)		(4,200)
Foreign currency translation	(2,111)	(2,111)				(2,111)	(2,111)
Net income	40,139	40,338						40,139	40,338
Dividend to parent		(4,200)							(4,200)
Dividends	(365)							(365)
Ending Balance at Dec. 31, 2013	932,946	884,490	(893,831)	2,470,375	2,644,015	3,867	3,867	(647,577)	(1,763,392)	97	15
Non-cash compensation	17,600			17,600
Contribution from parent		38,201			38,201
Exercise of stock options	16,247			16,246						1
Issuance of shares of common stock through employee purchase plan	4,368			4,368
Tax shortfall related to options exercised	(13)			(13)
Purchase of treasury stock	(2,987)		(2,987)
Retirement of shares of treasury stock			896,818	(896,801)						(17)
Foreign currency translation	(1,413)	(1,413)				(1,413)	(1,413)
Net income	253,518	287,035						253,518	287,035
Dividend to parent		(241,422)							(241,422)
Dividends-distributions to common shareholders	(238,435)							(238,435)
Dividends	(365)							(365)
Ending Balance at Dec. 31, 2014	981,466	966,891		1,611,775	2,682,216	2,454	2,454	(632,859)	(1,717,779)	81	15
Non-cash compensation	23,883			23,883
Contribution from parent		52,263			52,263
Exercise of stock options	23,372			23,371						1
Issuance of shares of common stock through employee purchase plan	5,027			5,027
Tax shortfall related to options exercised	(18)			(18)
Purchase of treasury stock	(6,099)		(6,099)
Foreign currency translation	(3,632)	(3,632)				(3,632)	(3,632)
Net income	262,570	262,903						262,570	262,903
Dividend to parent		(271,244)							(271,244)
Dividends-distributions to common shareholders	(265,145)							(265,145)
Dividends	(365)							(365)
Ending Balance at Dec. 31, 2015	$ 1,021,059	$ 1,007,181	$ (6,099)	$ 1,664,038	$ 2,734,479	$ (1,178)	$ (1,178)	$ (635,799)	$ (1,726,120)	$ 82	$ 15

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Exercise of stock options	881,936	522,032	682,263
Purchase of treasury stock	104,836	54,295	97,430
Retirement of treasury stock		17,270,930
Common stock dividends/distributions	$ 2.75	$ 2.50
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80
Treasury Stock [Member]
Purchase of treasury stock	104,836	54,295	97,430
Retirement of treasury stock		17,270,930
Additional Paid-in Capital [Member]
Exercise of stock options	881,936	522,032	682,263
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 2.75	$ 2.50
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 262,570	$ 253,518	$ 40,139
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	191,433	258,435	300,579
Stock-based compensation	25,890	24,120	24,936
Amortization included in interest expense	4,682	4,777	14,667
Gain on disposition of assets and investments	(8,765)	(3,192)	(3,804)
Other-than-temporary impairment of investment		4,069
Loss on extinguishment of debt		26,023	14,345
Deferred income tax expense (benefit)	11,099	(122,137)	18,749
Provision for doubtful accounts	6,506	5,947	6,034
(Increase) decrease in:
Receivables	(9,034)	(13,553)	(6,663)
Prepaid expenses	(575)	524	788
Other assets	(4,475)	662	(4,970)
(Increase) decrease in:
Trade accounts payable	(458)	1,076	(89)
Accrued expenses	3,335	8,273	(6,371)
Other liabilities	(4,558)	3,987	(3,635)
Cash flows provided by operating activities	477,650	452,529	394,705
Cash flows from investing activities:
Capital expenditures	(110,425)	(107,573)	(105,650)
Acquisitions	(153,877)	(65,021)	(92,248)
(Increase) decrease in notes receivable	(7)	4,462	(840)
Proceeds from disposition of assets and investments	10,429	4,135	6,869
Cash flows used in investing activities	(253,880)	(163,997)	(191,869)
Cash flows from financing activities:
Net proceeds from issuance of common stock	28,399	20,615	20,893
Cash used for purchase of treasury shares	(6,099)	(2,987)	(4,200)
Proceeds received from revolving credit facility	317,000	325,000	184,000
Payments on revolving credit facility	(282,000)	(410,000)	(34,000)
Principal payments on long term debt	(15,468)	(11,750)	(33,051)
Proceeds received from senior credit facility		300,000
Debt issuance costs		(17,441)	(89)
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)	(360,383)
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,130)	(1,094)
Dividends/distributions	(265,510)	(238,800)	(365)
Cash flows used in financing activities	(224,808)	(294,315)	(227,195)
Effect of exchange rate changes in cash and cash equivalents	(2,670)	(1,394)	(1,340)
Net decrease in cash and cash equivalents	(3,708)	(7,177)	(25,699)
Cash and cash equivalents at beginning of period	26,035	33,212	58,911
Cash and cash equivalents at end of period	22,327	26,035	33,212
Supplemental disclosures of cash flow information:
Cash paid for interest	93,765	94,646	140,048
Cash paid for state and federal income taxes	10,786	12,754	4,096
LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net income	262,903	287,035	40,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	191,433	258,435	300,579
Stock-based compensation	25,890	24,120	24,936
Amortization included in interest expense	4,682	4,777	14,667
Gain on disposition of assets and investments	(8,765)	(3,192)	(3,804)
Other-than-temporary impairment of investment		4,069
Loss on extinguishment of debt		26,023	14,345
Deferred income tax expense (benefit)	11,099	(155,528)	18,885
Provision for doubtful accounts	6,506	5,947	6,034
(Increase) decrease in:
Receivables	(9,034)	(13,553)	(6,663)
Prepaid expenses	(575)	524	788
Other assets	(4,475)	662	(4,970)
(Increase) decrease in:
Trade accounts payable	(458)	1,076	(89)
Accrued expenses	3,335	8,491	(6,371)
Other liabilities	(29,120)	(14,306)	(21,300)
Cash flows provided by operating activities	453,421	434,580	377,375
Cash flows from investing activities:
Capital expenditures	(110,425)	(107,573)	(105,650)
Acquisitions	(153,877)	(65,021)	(92,248)
(Increase) decrease in notes receivable	(7)	4,462	(840)
Proceeds from disposition of assets and investments	10,429	4,135	6,869
Cash flows used in investing activities	(253,880)	(163,997)	(191,869)
Cash flows from financing activities:
Proceeds received from revolving credit facility	317,000	325,000	184,000
Payments on revolving credit facility	(282,000)	(410,000)	(34,000)
Principal payments on long term debt	(15,468)	(11,750)	(33,051)
Proceeds received from senior credit facility		300,000
Debt issuance costs		(17,442)	(89)
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)	(360,383)
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,130)	(1,094)
Dividends to parent	(271,244)	(241,422)	(4,200)
Contributions from parent	52,263	38,201	37,858
Cash flows used in financing activities	(200,579)	(276,365)	(209,865)
Effect of exchange rate changes in cash and cash equivalents	(2,670)	(1,395)	(1,340)
Net decrease in cash and cash equivalents	(3,708)	(7,177)	(25,699)
Cash and cash equivalents at beginning of period	25,535	32,712	58,411
Cash and cash equivalents at end of period	21,827	25,535	32,712
Supplemental disclosures of cash flow information:
Cash paid for interest	93,765	94,646	140,048
Cash paid for state and federal income taxes	$ 10,786	$ 12,754	$ 4,096

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies	(1) Significant Accounting Policies (a) Nature of Business Lamar Advertising Company (the Company) is engaged in the outdoor advertising business, operating approximately 144,000 billboard advertising displays in 44 states, Canada and Puerto Rico. 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 23 states throughout the United States and the province of Ontario, Canada and operates over 42,000 transit advertising displays in 18 states, Canada and Puerto Rico. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. The Company operates as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes and generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from advertising rental revenue. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from the assets of its taxable REIT subsidiaries (“TRSs”). In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted. (b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Advertising Company, its wholly owned subsidiary, Lamar Media Corp. (Lamar Media), and its majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation. An operating segment is a component of an enterprise: • that engages in business activities from which it may earn revenues and incur expenses; • whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and • for which discrete financial information is available. We define the term ‘chief operating decision maker’ to be our executive management group, which consist of our Chief Executive Officer, President and Chief Financial Officer. Currently, all operations are reviewed on a consolidated basis for budget and business plan performance by our executive management group. Additionally, operational performance at the end of each reporting period is viewed in the aggregate by our management group. Any decisions related to changes in invested capital, personnel, operational improvement or training, or to allocate other company resources are made based on the combined results. We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals. (c) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets during the year ended 2015. For the years ended December 31, 2014 and 2013 depreciation is calculated using accelerated and straight-line methods 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. Impairment testing involves various estimates and assumptions, which could vary, and an analysis of relevant market data and market capitalization. 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 is required to identify its reporting units and determine the carrying value of each reporting unit. The Company has indentified 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 perform the second step of the impairment test, as this is an indication that the reporting unit goodwill may be impaired. The fair value of each reporting unit exceeded its carrying amount at its annual impairment test date on December 31, 2015 and 2014; therefore, the Company was not required to recognize an impairment loss. Intangible assets, consisting primarily of site locations, customer lists and contracts, and non-competition agreements are amortized using the straight-line method over the assets estimated useful lives, generally from 3 to 15 years. (e) Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset or asset group before interest expense. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset or asset group. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet. (f) Acquisitions 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 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. 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. (g) 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. (h) 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 completion of the sale. 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: 2015 2014 2013 Net revenues $ 7,956 $ 7,839 $ 7,862 Direct advertising expenses $ 3,137 $ 2,928 $ 3,005 General and administrative expenses $ 4,407 $ 4,675 $ 4,417 (i) 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. (j) 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 years ended December 31, 2015 and 2014, the Company declared and paid distributions of its REIT taxable income of an aggregate of $265,145 or $2.75 per share and $198,520 or $2.08 per share, respectively. In addition, the Company paid distributions of its pre-REIT accumulated earnings and profits of $39,915 or $0.42 per share during the year ended December 31, 2014. 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 our 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 years ended December 31, 2015, 2014 and 2013, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock of $365 or $63.80 per share. (k) 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, 2015, 2014 and 2013 there were no dilutive shares excluded from the calculation. (l) Stock Based Compensation Compensation expense for share-based awards is recognized based on the grant date fair value of those awards. Stock-based compensation expense includes an estimate for pre-vesting forfeitures and is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. Non-cash compensation expense recognized during the years ended December 31, 2015, 2014, and 2013 were $25,890, $24,120 and $24,936, respectively. The $25,890 expensed during the year ended December 31, 2015 consists of (i) $9,560 related to stock options, (ii) $16,076 related to stock grants, made under the Company’s performance-based stock incentive program in 2015 and (iii) $254 related to stock awards to directors. See Note 14 for information on the assumptions used to calculate the fair value of stock-based compensation. (m) Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents. (n) Foreign Currency Translation Local currencies generally are considered the functional currencies outside the United States. Assets and liabilities for operations in local-currency environments are translated at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are recorded as a component of other comprehensive (loss) income in the Consolidated Statements of Operations and Comprehensive Income and as a component of accumulated other comprehensive (deficit) income in the Consolidated Statements of Stockholders’ Equity. (o) 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 properties. (p) 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. (q) Comprehensive Income Total comprehensive income is presented in the Consolidated Statements of Operations and Comprehensive Income and the components of accumulated other comprehensive income are presented in the Consolidated Statements of Stockholders’ Equity. Comprehensive income is composed of foreign currency translation effects. (r) 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. (s) Subsequent Events The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.
LAMAR MEDIA CORP [Member]
Significant Accounting Policies	(1) Significant Accounting Policies (a) Nature of Business Lamar Media Corp. is a wholly owned subsidiary of Lamar Advertising Company. Lamar Media Corp. is engaged in the outdoor advertising business operating approximately 144,000 outdoor advertising displays in 44 states, Canada and Puerto Rico. 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 23 states throughout the United States as well as the province of Ontario, Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. Certain footnotes are not provided for the accompanying financial statements as the information in notes 2, 4, 6, 9, 10, 13, 14, 15, 16, 17, 18, 19, 20 and 21 and portions of notes 1 and 12 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 Corp., 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.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Acquisitions	(2) Acquisitions Year Ended December 31, 2015 During the twelve months ended December 31, 2015, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $158,552, of which $153,877 was in cash and $4,675 in non-cash consideration consisting principally of exchanges of outdoor advertising assets. As a result of the acquisitions, a gain of $4,326 was recorded for transactions which involved the exchanges of outdoor advertising assets during the year ended December 31, 2015. 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 estimates at the dates of acquisition. The following is a summary of the allocation of the acquisition costs in the above transactions. Total Property, plant and equipment $ 26,547 Goodwill 34,275 Site locations 87,899 Non-competition agreements 455 Customer lists and contracts 14,901 Current assets 5,650 Current liabilities (8,674 ) Long–term liabilities (2,501 ) $ 158,552 Total acquired intangible assets for the year ended December 31, 2015 were $137,530, of which $34,275 was assigned to goodwill. Although goodwill is not amortized for financial statement purposes, $27,082 is expected to be fully deductible for tax purposes. The remaining $103,255 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $14,901 (7 year weighted average useful life) and site locations of $87,899 (15 year weighted average useful life). The aggregate amortization expense related to the 2015 acquisitions for the year ended December 31, 2015 was approximately $4,588. The following unaudited pro forma financial information for the Company gives effect to the 2015 and 2014 acquisitions as if they had occurred on January 1, 2014. 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. 2015 2014 (unaudited) Net revenues $ 1,374,831 $ 1,336,710 Net income applicable to common stock $ 263,079 $ 256,245 Net income per common share — basic $ 2.73 $ 2.69 Net income per common share — diluted $ 2.73 $ 2.69 Year Ended December 31, 2014 During the twelve months ended December 31, 2014, the Company completed several acquisitions of outdoor advertising assets for a total cash purchase price of $65,021. 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 estimates at the dates of acquisition. The following is a summary of the allocation of the acquisition costs in the above transactions. Total Property, plant and equipment $ 10,542 Goodwill 9,457 Site locations 36,982 Non-competition agreements 135 Customer lists and contracts 7,216 Current assets 895 Current liabilities (206 ) $ 65,021 Total acquired intangible assets for the year ended December 31, 2014 were $53,790, of which $9,457 was assigned to goodwill. Although goodwill is not amortized for financial statement purposes, $9,457 is expected to be fully deductible for tax purposes. The remaining $44,333 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $7,216 (7 year weighted average useful life) and site locations of $36,982 (15 year weighted average useful life). The aggregate amortization expense related to the 2014 acquisitions for the year ended December 31, 2014 was approximately $1,452. The following unaudited pro forma financial information for the Company gives effect to the 2014 and 2013 acquisitions as if they had occurred on January 1, 2013. 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. 2014 2013 (unaudited) Net revenues $ 1,291,771 $ 1,262,506 Net income applicable to common stock $ 256,785 $ 40,015 Net income per common share — basic $ 2.70 $ 0.42 Net income per common share — diluted $ 2.69 $ 0.42

Non-cash Financing and Investin

Non-cash Financing and Investing Activities	12 Months Ended
	Dec. 31, 2015
Non-cash Financing and Investing Activities	(3) Non-cash Financing and Investing Activities For the years ended December 31, 2015, 2014 and 2013, the Company had $6,036, $1,900 and $4,982 non-cash investing activities related to capital expenditures and acquisitions of outdoor advertising assets, respectively. During the year ended December 31, 2014, the Company had non-cash financing activity related to the retirement of 17,270,930 shares of treasury stock for $896,818 related to the Company’s conversion to a REIT. There were no significant non-cash financing activities during the years ended December 31, 2015 and 2013.
LAMAR MEDIA CORP [Member]
Non-cash Financing and Investing Activities	(2) Non-cash Financing and Investing Activities For the years ended December 31, 2015, 2014 and 2013, the Company had non-cash investing activities of $6,036, $1,900 and $4,982 related to capital expenditures and acquisitions of outdoor advertising assets. There were no significant non-cash financing activities during the years ended December 31, 2015, 2014 and 2013.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	(4) Property, Plant and Equipment Major categories of property, plant and equipment at December 31, 2015 and 2014 are as follows: Estimated Life 2015 2014 Land — $ 326,942 $ 316,798 Building and improvements 10 — 39 136,587 132,360 Advertising structures 5 — 15 2,529,301 2,520,644 Automotive and other equipment 3 — 7 146,409 140,583 $ 3,139,239 $ 3,110,385

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Other Intangible Assets	(5) Goodwill and Other Intangible Assets The following is a summary of intangible assets at December 31, 2015 and December 31, 2014: Estimated 2015 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable Intangible Assets: Customer lists and contracts 7 — 10 $ 513,832 $ 477,006 $ 499,310 $ 470,170 Non-competition agreements 3 — 15 64,514 63,453 64,062 63,192 Site locations 15 1,616,345 1,251,825 1,531,161 1,194,709 Other 5 — 15 14,008 13,529 14,008 13,485 $ 2,208,699 $ 1,805,813 $ 2,108,541 $ 1,741,556 Unamortizable Intangible Assets: Goodwill $ 1,800,130 $ 253,536 $ 1,766,304 $ 253,536 The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows: Balance as of December 31, 2014 $ 1,766,304 Goodwill acquired during the year 34,275 Purchase price adjustments and other (449 ) Impairment losses — Balance as of December 31, 2015 $ 1,800,130 Amortization expense for the years ended December 31, 2015, 2014 and 2013 was $66,490, $96,139 and $106,533, respectively. The following is a summary of the estimated amortization expense for future years: 2016 $ 60,078 2017 54,622 2018 49,874 2019 44,375 2020 34,520 Thereafter 159,417 Total $ 402,886
LAMAR MEDIA CORP [Member]
Goodwill and Other Intangible Assets	(3) Goodwill and Other Intangible Assets The following is a summary of intangible assets at December 31, 2015 and December 31, 2014: Estimated Life 2015 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable Intangible Assets: Customer lists and contracts 7—10 $ 513,832 $ 477,006 $ 499,311 $ 470,170 Non-competition agreement 3—15 64,514 63,453 64,062 63,192 Site locations 15 1,616,345 1,251,825 1,531,161 1,194,709 Other 5—15 13,463 13,452 13,463 13,408 $ 2,208,154 $ 1,805,736 $ 2,107,997 $ 1,741,479 Unamortizable Intangible Assets: Goodwill $ 1,789,110 $ 252,667 $ 1,755,283 $ 252,667 The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows: Balance as of December 31, 2014 $ 1,755,283 Goodwill acquired during the year 34,275 Purchase price adjustments and other (448 ) Impairment losses — Balance as of December 31, 2015 $ 1,789,110

Leases

Leases	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Leases	(6) Leases The Company is party to various operating leases for production facilities, vehicles and sites upon which advertising structures are built. The leases expire at various dates, and have varying options to renew and to cancel and may contain escalation provisions. The following is a summary of minimum annual rental payments required under those operating leases that have original or remaining lease terms in excess of one year as of December 31, 2015: 2016 $ 172,305 2017 $ 135,811 2018 $ 120,334 2019 $ 107,791 2020 $ 94,172 Thereafter $ 693,441 Rental expense related to the Company’s operating leases was $240,518, $227,879 and $222,638 for the years ended December 31, 2015, 2014 and 2013, respectively.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2015
Accrued Expenses	(7) Accrued Expenses The following is a summary of accrued expenses at December 31, 2015 and 2014: 2015 2014 Payroll $ 14,943 $ 13,852 Interest 29,268 29,281 Insurance benefits 13,951 12,853 Accrued lease expense 33,628 35,903 Stock-based compensation 15,301 13,283 Other 8,117 3,618 $ 115,208 $ 108,790
LAMAR MEDIA CORP [Member]
Accrued Expenses	(4) Accrued Expenses The following is a summary of accrued expenses at December 31, 2015 and 2014: 2015 2014 Payroll $ 14,943 $ 13,852 Interest 29,268 29,281 Accrued lease expense 33,628 35,903 Other 32,889 25,971 $ 110,728 $ 105,007

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2015
Long-term Debt	(8) Long-term Debt Long-term debt consists of the following at December 31, 2015 and 2014: 2015 2014 Senior Credit Facility $ 373,750 $ 353,750 5 7/8% Senior Subordinated Notes 500,000 500,000 5% Senior Subordinated Notes 535,000 535,000 5 3/8% Senior Notes 510,000 510,000 Other notes with various rates and terms 734 1,145 1,919,484 1,899,895 Less current maturities (21,332 ) (15,625 ) Long-term debt excluding current maturities $ 1,898,152 $ 1,884,270 Long-term debt matures as follows: 2016 $ 21,332 2017 $ 39,375 2018 $ 45,000 2019 $ 268,750 2020 $ — Later years $ 1,545,027 5 7/8% Senior Subordinated Notes On February 9, 2012, Lamar Media completed an institutional private placement of $500,000 aggregate principal amount of 5 7/8% Senior Subordinated Notes, due 2022 (the “5 7/8% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $489,000. At any time prior to February 1, 2017, Lamar Media may redeem some or all of the 5 7/8% Notes at a price equal to 100% of the aggregate principal amount plus a make-whole premium. On or after February 1, 2017, Lamar Media may redeem the 5 7/8% Notes, in whole or in part, in cash at redemption prices specified in the 5 7/8% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 7/8% Notes at a price equal to 101% of the principal amount of the 5 7/8% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5% Senior Subordinated Notes On October 30, 2012, Lamar Media completed an institutional private placement of $535,000 aggregate principal amount of 5% Senior Subordinated Notes due 2023 (the “5% Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $527,100. At any time prior to May 1, 2018, Lamar Media may redeem some or all of the 5% Notes at a price equal to 100% of the aggregate principal amount plus a make-whole premium. On or after May 1, 2018, Lamar Media may redeem the 5% Notes, in whole or in part, in cash at redemption prices specified in the 5% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5% Notes at a price equal to 101% of the principal amount of the 5% Notes, plus accrued and unpaid interest, up to but not including the repurchase date. 5 3/8% Senior Notes On January 10, 2014, Lamar Media completed an institutional private placement of $510,000 aggregate principal amount of 5 3/8% Senior Notes due 2024 (the “5 3/8% Senior Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $502,300. Lamar Media may redeem up to 35% of the aggregate principal amount of the 5 3/8% Senior Notes, at any time and from time to time, at a price equal to 105.375% of the aggregate principal amount so redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before January 15, 2017, provided that following the redemption, at least 65% of the 5 3/8% Senior 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, 2019, Lamar Media may redeem some or all of the 5 3/8% Senior 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, 2019, 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. Senior Credit Facility On January 10, 2014, Lamar Media paid in full the outstanding balance of the term loans then outstanding under its senior credit facility. The Company incurred a non-cash loss of $5,176 related to this transaction. On February 3, 2014, Lamar Media entered into a Second Restatement Agreement (the “Second Restatement Agreement”) with the Company, certain of Lamar Media’s subsidiaries as Guarantors, JPMorgan Chase Bank, N.A., as Administrative Agent and the Lenders named therein, under which the parties agreed to amend and restate Lamar Media’s existing senior credit facility on the terms set forth in the Second Amended and Restated Credit Agreement attached as Exhibit A to the Second Restatement Agreement (such Second and Amended and Restated Credit Agreement together with the Second Restatement Agreement being herein referred to as the “senior credit facility”). The senior credit facility consists of a $400,000 revolving credit facility and a $500,000 incremental facility. Lamar Media is the borrower under the senior credit facility. We may also from time to time designate wholly owned subsidiaries as subsidiary borrowers under the incremental loan facility. Incremental loans may be in the form of additional term loan tranches or increases in the revolving credit facility. Our lenders have no obligation to make additional loans to us, or any designated subsidiary borrower, under the incremental facility, but may enter into such commitments in their sole discretion. On April 18, 2014, Lamar Media entered into Amendment No. 1 to the Second Amended and Restated Credit Agreement (the “Amendment”) with Lamar Advertising, certain of Lamar Media’s subsidiaries as Guarantors, JPMorgan Chase Bank, N.A. as Administrative Agent and the Lenders named therein under which the parties agreed to amend Lamar Media’s existing senior credit facility on the terms set forth in the Amendment. The Amendment created a new $300,000 Term A Loan facility (the “Term A Loans”) and certain other amendments to the senior credit agreement. The Term A Loans did not reduce the $500,000 Incremental Loan facility. Lamar Media borrowed all $300,000 in Term A Loans on April 18, 2014. The net loan proceeds, together with borrowings under the revolving portion of the senior credit facility and cash on hand, were used to fund the redemption of all $400,000 in aggregate principal amount of Lamar Media’s 7 7/8% Notes due 2018 on April 21, 2014. The Term A Loans began amortizing on June 30, 2014 in quarterly installments on each September 30, December 31, March 31, and June 30 thereafter, as follows: Principal Payment Date Principal Amount March 31, 2016 $ 3,750 June 30, 2016- March 31, 2017 $ 5,625 June 30, 2017-December 31, 2018 $ 11,250 Term A Loan Maturity Date $ 168,750 The Term A loans and revolving credit facility bear interest at rates based on the Adjusted LIBO Rate (“Eurodollar loans”) or the Adjusted Base Rate (“Base Rate loans”), at Lamar Media’s option. Eurodollar 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 Loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 1.00% (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 Loans and revolving credit facility. As of December 31, 2015, there was $100,000 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 $8,915 letters of credit outstanding as of December 31, 2015 resulting in $291,085 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 February 2, 2019, and bear interest, at Lamar Media’s option, at the Adjusted LIBO Rate or the Adjusted Base Rate plus applicable margins, such margins are set at an initial rate with the possibility of a step down based on Lamar Media’s ratio of debt to trailing four quarters EBITDA, as defined in the senior credit facility. 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.
LAMAR MEDIA CORP [Member]
Long-term Debt	(5) Long-term Debt Long-term debt consists of the following at December 31, 2015 and 2014: 2015 2014 Senior Credit Agreement $ 373,750 $ 353,750 5 7/8% Senior Subordinated Notes 500,000 500,000 5% Senior Subordinated Notes 535,000 535,000 5 3/8% Senior Notes 510,000 510,000 Other notes with various rates and terms 734 1,145 1,919,484 1,899,895 Less current maturities (21,332 ) (15,625 ) Long-term debt excluding current maturities $ 1,898,152 $ 1,884,270 Long-term debt matures as follows: 2016 $ 21,332 2017 $ 39,375 2018 $ 45,000 2019 $ 268,750 2020 $ — Later years $ 1,545,027

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	(9) 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, 2013 $ 200,831 Additions to asset retirement obligations 1,238 Accretion expense 5,262 Liabilities settled (3,004 ) Balance at December 31, 2014 204,327 Additions to asset retirement obligations 1,680 Accretion expense 4,845 Liabilities settled (4,618 ) Balance at December 31, 2015 $ 206,234

Depreciation and Amortization

Depreciation and Amortization	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Depreciation and Amortization	(10) Depreciation and Amortization The Company includes all categories of depreciation and amortization on a separate line in its Statements of Operations. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Operations are: Year Ended December 31, 2015 2014 2013 Direct expenses $ 175,937 $ 241,471 $ 283,280 General and administrative expenses 3,178 4,534 4,684 Corporate expenses 12,318 12,430 12,615 $ 191,433 $ 258,435 $ 300,579 Effective January 1, 2015, the Company changed its depreciation method from the double declining balance method to the straight-line method. The Company believes that the straight-line method better reflects the pattern of consumption of the future benefits to be derived from those assets being depreciated. The increase to operating income and net income and decrease to depreciation expense for the Company’s assets existing as of January 1, 2015 is $11,089 for the year ended December 31, 2015.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes	(11) Income Taxes The Company has filed, for prior taxable years through its taxable year ended December 31, 2013, a consolidated U.S. federal tax return, which includes all of its wholly owned domestic subsidiaries. For its taxable year commencing January 1, 2014, 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. Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2015: U.S. federal $ 7,686 $ (930 ) $ 6,756 State and local 1,746 (246 ) 1,500 Foreign 1,527 12,275 13,802 $ 10,959 $ 11,099 $ 22,058 Year ended December 31, 2014: U.S. federal $ 8,721 $ (119,014 ) $ (110,293 ) State and local 2,632 (2,909 ) (277 ) Foreign 692 (214 ) 478 $ 12,045 $ (122,137 ) $ (110,092 ) Year ended December 31, 2013: U.S. federal $ 930 $ 21,681 $ 22,611 State and local 1,609 1,165 2,774 Foreign 1,553 (4,097 ) (2,544 ) $ 4,092 $ 18,749 $ 22,841 The income tax provision for the year ended December 31, 2014 is net of the deferred tax benefit due to the REIT conversion of $120,081. As of December 31, 2015 and 2014, the Company had income taxes payable of $524 and $308, respectively, included in accrued expenses. The U.S. and foreign components of earnings before income taxes are as follows: 2015 2014 2013 U.S. $ 282,774 $ 144,298 $ 62,506 Foreign 1,854 (872 ) 474 Total $ 284,628 $ 143,426 $ 62,980 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 35 percent to income before taxes is as follows: 2015 2014 2013 Income tax expense at U.S. federal statutory rate $ 99,620 $ 50,199 $ 22,043 Tax adjustment related to REIT (a) (92,073 ) (44,891 ) — State and local income taxes, net of federal income tax benefit 1,180 1,017 3,585 Book expenses not deductible for tax purposes 2,117 2,061 1,351 Stock-based compensation 66 (33 ) 65 Valuation allowance (b) 13,818 — (1,097 ) Rate change (c) 90 91 (2,565 ) Deferred tax adjustment due to REIT conversion — (120,081 ) — Other differences, net (2,760 ) 1,545 (541 ) Income tax expense $ 22,058 $ (110,092 ) $ 22,841 (a) Includes dividend paid deduction of $83,750 and $62,937 for the tax years ended December 31, 2015 and 2014, respectively. (b) In May of 2015, Puerto Rico’s “Act 72 of 2015” was signed into law. Under the enacted legislation, significant changes to the 2011 Internal Revenue Code rendered the Company’s tax planning strategy to provide a source of taxable income to support recognition of deferred tax assets in Puerto Rico no longer feasible. As a result, for the year ended December 31, 2015, a non-cash valuation allowance of $13,818 was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years. (c) In 2013, the “Tax Burden Adjustment and Redistribution Act” was signed into law. Under the enacted legislation, the Puerto Rico corporate income tax rate was increased to 39% from 30%. As a result, a non-cash benefit of $2,479 to income tax expense was recorded for the increase of the Puerto Rico net deferred tax asset. Also in 2013, British Columbia Bill 2 was signed into law. The enacted legislation increased the general corporate income tax rate to 11% from 10%. As a result, a non-cash benefit of $86 to income tax expense was recorded for the increase of the Canadian net deferred tax asset. The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below: 2015 2014 Deferred tax assets: Allowance for doubtful accounts $ 722 $ 255 Accrued liabilities not deducted for tax purposes 4,362 4,703 Asset retirement obligation 97 79 Net operating loss carry forwards 12,762 11,881 Tax credit carry forwards 155 209 Charitable contributions carry forward 6 9 Property, plant and equipment 1,080 65 Investment in partnerships 246 354 Gross deferred tax assets 19,430 17,555 Less: valuation allowance (13,827 ) (9 ) Net deferred tax assets 5,603 17,546 Deferred tax liabilities: Intangibles (6,303 ) (4,321 ) Gross deferred tax liabilities (6,303 ) (4,321 ) Net deferred tax (liabilities) assets $ (700 ) $ 13,225 Classification in the consolidated balance sheets: Current deferred tax assets $ 1,352 $ 729 Noncurrent deferred tax assets — 12,496 Noncurrent deferred tax liabilities (2,052 ) — Net deferred tax (liabilities) assets $ (700 ) $ 13,225 As of December 31, 2015, we have approximately $257,839 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $4,011 is subject to an IRC §382 limitation. These carry forwards expire between 2020 through 2032. In addition, we have $4,822 of various credits available to offset future U.S. federal income tax. As of December 31, 2015 we have approximately $488,294 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 $201 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, 2015 and 2014. The net change in the total state valuation allowance for each of the years ended December 31, 2014, and 2013 was a decrease of $2,322 and $1,087, respectively. There was no net charge in the total state valuation allowance for the year ended December 31, 2015. The decrease in 2014 was primarily due to the adjustment of deferred tax assets and related valuation allowance for assets and liabilities of REIT operations no longer subject to state income taxes at the REIT level, which had the effect of valuing these assets at an expected rate of 0%. During 2015, we generated $2,156 of Puerto Rico net operating losses. As of December 31, 2015, we had approximately $30,523 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 2016 and 2025. In addition, we have $155 of alternative minimum tax credits available to offset future Puerto Rico income tax. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those jurisdictions during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income, and tax-planning strategies in making this assessment. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income before the expiration of the carry forwards governed by the tax code. Based on the current level of pretax earnings and significant changes in Puerto Rico tax legislation, the Company will not generate the minimum amount of future taxable income to support the realization of the deferred tax assets. As a result, management has determined that a valuation allowance related to Puerto Rico net operating loss carry forwards and other deferred tax assets is necessary. The valuation allowance for these deferred tax assets as of December 31, 2015 and 2014 was $13,827 and $9, respectively. The net change in the total valuation allowance for the years ended December 31, 2015 and 2014 was an increase of $13,818. The amount of the deferred tax asset considered realizable, however, could be adjusted in the near term if estimates of future taxable income during the carry forward period increase. We have not recognized a deferred tax liability of approximately $9,041 for the undistributed earnings of our Canadian operations that arose in 2015 and prior years as management considers these earnings to be indefinitely invested outside the U.S. As of December 31, 2015, the undistributed earnings of these subsidiaries were approximately $25,831. Under ASC 740, we provide for uncertain tax positions, and the related interest, and adjust recognized tax benefits and accrued interest accordingly. We do not have any unrecognized tax benefits that, if recognized in future periods, would impact our effective tax rate for the years ended December 31, 2015 and 2014. 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 2012, or for any U.S. state income tax audit prior to 2007. The IRS has completed a review of the 2013 income tax return. With respect to Canada and Puerto Rico, we are no longer subject to income tax audits for years before 2012 and 2011, respectively.
LAMAR MEDIA CORP [Member]
Income Taxes	(6) Income Taxes Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2015: U.S. federal 7,686 (930 ) 6,756 State and local 1,746 (246 ) 1,500 Foreign 1,527 12,275 13,802 $ 10,959 $ 11,099 $ 22,058 Year ended December 31, 2014: U.S. federal 8,993 (151,191 ) (142,198 ) State and local 2,579 (4,124 ) (1,545 ) Foreign 692 (213 ) 479 $ 12,264 $ (155,528 ) $ (143,264 ) Year ended December 31, 2013: U.S. federal $ 930 $ 21,798 $ 22,728 State and local 1,609 1,184 2,793 Foreign 1,553 (4,097 ) (2,544 ) $ 4,092 $ 18,885 $ 22,977 The income tax provision for the year ended December 31, 2014 is net of the deferred tax benefit due to REIT conversion of approximately $153,472. As of December 31, 2015 and December 31, 2014, the Company had income taxes payable of $524 and $308, respectively, included in accrued expenses. The U.S. and foreign components of earnings before income taxes are as follows: 2015 2014 2013 U.S. $ 283,107 $ 144,643 $ 62,841 Foreign 1,854 (872 ) 474 Total $ 284,961 $ 143,771 $ 63,315 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 35 percent to income before taxes is as follows: 2015 2014 2013 Income tax expense at U.S. federal statutory rate $ 99,736 $ 50,320 $ 22,160 Tax adjustment related to REIT (a) (92,189 ) (45,012 ) — State and local income taxes, net of federal income tax benefit 1,180 1,017 3,601 Book expenses not deductible for tax purposes 2,117 2,061 1,351 Stock-based compensation 66 (33 ) 65 Valuation allowance (b) 13,818 — (1,094 ) Rate Change (c) 90 91 (2,565 ) Deferred tax adjustment due to REIT conversion — (153,472 ) — Other differences, net (2,760 ) 1,764 (541 ) Income tax expense $ 22,058 $ (143,264 ) $ 22,977 (a) Includes dividend paid deduction of $83,866 and $63,058 for the tax years ended 2015 and 2014, respectively. (b) In 2015, Puerto Rico’s “Act 72 of 2015” was signed into law. Under the enacted legislation, significant changes to the 2011 Internal Revenue Code rendered the Company’s tax planning strategy to provide a source of taxable income to support recognition of deferred tax assets in Puerto Rico no longer feasible. As a result, a non-cash valuation allowance of $13,818 was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years. (c) In 2013, the “Tax Burden Adjustment and Redistribution Act” was signed into law. Under the enacted legislation, the Puerto Rico corporate income tax rate was increased to 39% from 30%. As a result, a non-cash benefit of $2,479 to income tax expense was recorded for the increase of the Puerto Rico net deferred tax asset. Also in 2013, British Columbia Bill 2 was signed into law. The enacted legislation increased the general corporate income tax rate to 11% from 10%. As a result, a non-cash benefit of $86 to income tax expense was recorded for the increase of the Canadian net deferred tax asset. The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below: 2015 2014 Deferred tax assets: Allowance for doubtful accounts $ 722 $ 255 Accrued liabilities not deducted for tax purposes 4,362 4,703 Asset retirement obligation 97 79 Net operating loss carry forwards 12,762 11,881 Tax credit carry forwards 155 209 Charitable contributions carry forward 6 9 Property, plant and equipment 1,080 65 Investment in partnership 246 354 Gross deferred tax assets 19,430 17,555 Less: valuation allowance (13,827 ) (9 ) Net deferred tax assets 5,603 17,546 Deferred tax liabilities: Intangibles (6,303 ) (4,321 ) Gross deferred tax liabilities (6,303 ) (4,321 ) Net deferred tax (liabilities) assets (700 ) $ 13,225 Classification in the consolidated balance sheets: Current deferred tax assets $ 1,352 $ 729 Noncurrent deferred tax assets — 12,496 Noncurrent deferred tax liabilities (2,052 ) — Net deferred tax (liabilities) assets $ (700 ) $ 13,225 As of December 31, 2015, we have approximately $122,078 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $4,011 is subject to an IRC §382 limitation. These carry forwards expire between 2020 and 2032. In addition, we have $19,593 of various credits available to offset future U.S. federal income tax. As of December 31, 2015, we have approximately $450,573 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 $201 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, 2015 and December 31, 2014. The net change in the total state valuation allowance for each of the years ended December 31, 2014, and 2013 was a decrease of $1,751 and $1,085, respectively. There was no net charge in the total state valuation allowance for the year ended December 31, 2015. The decrease in 2014 was primarily due to the adjustment of deferred tax assets and related to valuation allowance for assets and liabilities of REIT operations no longer subject to state income taxes at the REIT level, which had the effect of valuing these assets at an expected rate of 0%. During 2015 we generated $2,156 of Puerto Rico net operating losses. As of December 31, 2015, we had approximately $30,523 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 2016 and 2025. In addition, we have $155 of alternative minimum tax credits available to offset future Puerto Rico income tax. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those jurisdictions during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income, and tax-planning strategies in making this assessment. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income before the expiration of the carry forwards governed by the tax code. Based on the current level of pretax earnings and significant changes in Puerto Rico tax legislation, the Company will not generate the minimum amount of future taxable income to support the realization of the deferred tax assets. As a result, management has determined that a valuation allowance related to Puerto Rico net operating loss carry forwards and other deferred tax assets is necessary. The valuation allowance for these deferred tax assets as of December 31, 2015 and 2014 was $13,827 and $9, respectively. The net change in the total valuation allowance for the years ended December 31, 2015 and 2014 was an increase of $13,818. The amount of the deferred tax asset considered realizable, however, could be adjusted in the near term if estimates of future taxable income during the carry forward period increase. We have not recognized a deferred tax liability of approximately $9,041 for the undistributed earnings of our Canadian operations that arose in 2015 and prior years as management considers these earnings to be indefinitely invested outside the U.S. As of December 31, 2015, the undistributed earnings of these subsidiaries were approximately $25,831. Under ASC 740, we provide for uncertain tax positions, and the related interest, and adjust recognized tax benefits and accrued interest accordingly. As of December 31, 2015 and 2014, we do not have any unrecognized tax benefits that, if recognized in future periods, would impact our effective tax rate. 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 2012, or for any U.S. state income tax audit prior to 2007. The IRS has completed a review of the 2013 income tax return. With respect to Canada and Puerto Rico, we are no longer subject to income tax audits for years before 2012 and 2011, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions	(12) 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. In addition, the Company had receivables from employees of $0 and $246 at December 31, 2015 and 2014, respectively. These receivables are primarily relocation loans for employees. The Company does not have any receivables from its current executive officers. In June 2011, the Company entered into a service contract with Joule Energy LA, LLC (“Joule”), of which Ross L. Reilly was a member and owned 26.66% interest. Mr. Reilly sold his entire interest in Joule during 2014. Joule provides services related to the Company’s installation of solar arrays in the State of Louisiana, which services were completed in 2014. In addition, from time to time beginning in 2012, Joule provides lighting installation services for certain of Lamar Advertising’s billboards in the state of Louisiana. As of December 31, 2014, the aggregate amount paid to Joule under the service contract was approximately $1,914. Ross L. Reilly is the son of Kevin P. Reilly, Jr., our Chairman of the Board of Directors and President.
LAMAR MEDIA CORP [Member]
Related Party Transactions	(7) 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, 2015 and December 31, 2014, there was a payable to Lamar Advertising Company, its parent, in the amount of $6,259 and $6,955, respectively. Effective December 31, 2015 and December 31, 2014, Lamar Advertising Company contributed $52,263 and $38,201, respectively, to Lamar Media which resulted in an increase in Lamar Media’s additional paid-in capital.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity	(13) Stockholders’ Equity On July 16, 1999, the Board of Directors designated 5,720 shares of the 1,000,000 shares of previously undesignated preferred stock, par value $.001, as Series AA preferred stock, which shares were subsequently exchanged on a one for one basis in the REIT conversion. The Series AA preferred stock ranks senior to the Class A common stock and Class B common stock with respect to dividends and upon liquidation. Holders of Series AA preferred stock are entitled to receive, on a pari passu basis, dividends at the rate of $15.95 per share per quarter when, as and if declared by the Board of Directors. The Series AA preferred stock is entitled to receive, on a pari passu basis, $638 plus a further amount equal to any dividend accrued and unpaid to the date of distribution before any payments are made or assets distributed to the Class A common stock or Class B stock upon voluntary or involuntary liquidation, dissolution or winding up of the Company. The liquidation value of the outstanding Series AA preferred stock at December 31, 2015 was $3,649. The Series AA preferred stock is entitled to one vote per share. All of the outstanding shares of common stock are fully paid and nonassessable. In the event of the liquidation or dissolution of the Company, following any required distribution to the holders of outstanding shares of preferred stock, the holders of common stock are entitled to share pro rata in any balance of the corporate assets available for distribution to them. The Company may pay dividends if, when and as declared by the Board of Directors from funds legally available therefore, subject to the restrictions set forth in the Company’s existing indentures and the senior credit facility. Subject to the preferential rights of the holders of any class of preferred stock, holders of shares of common stock are entitled to receive such dividends as may be declared by the Company’s Board of Directors out of funds legally available for such purpose. No dividend may be declared or paid in cash or property on any share of either class of common stock unless simultaneously the same dividend is declared or paid on each share of the other class of common stock, provided that, in the event of stock dividends, holders of a specific class of common stock shall be entitled to receive only additional shares of such class. The rights of the Class A and Class B common stock are equal in all respects, except holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class A common stock have one vote per share on such matters. The Class B common stock will convert automatically into Class A common stock upon the sale or transfer to persons other than permitted transferees (as defined in the Company’s certificate of incorporation, as amended). During the year ended December 31, 2014, the Company completed its REIT conversion and merger. In connection with the merger each share of the Company’s then outstanding 17,270,930 treasury shares valued at $896,818, ceased to exist and returned to unissued status through a $17 and $896,801 reduction of Class A common stock and additional paid-in capital, respectively. On December 11, 2014, the Company announced that its Board of Directors authorized the repurchase of up to $250,000 of the Company’s Class A common stock (the “repurchase program”). There were no repurchases under the repurchase program for the years ended December 31, 2015 and 2014.

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	(14) Stock Compensation Plans Equity Incentive Plan. In February 2013, the 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, the Company is required to classify the awards affected by the amendment as liability-classified awards at fair value each period prior to their settlement. As of December 31, 2015 and 2014, the Company recorded a liability, in accrued expenses, of $15,301 and $13,283, respectively, related to its equity incentive awards affected by this amendment. We use a Black-Scholes-Merton option pricing model to estimate the fair value of share-based awards. The Black-Scholes-Merton option pricing model incorporates various highly subjective assumptions, including expected term and expected volatility. We have reviewed our historical pattern of option exercises and have determined that meaningful differences in option exercise activity existed among vesting schedules. Therefore, for all stock options granted after January 1, 2006, we have categorized these awards into two groups of vesting 1) 5-year cliff vest and 2) 4-year graded vest, for valuation purposes. We have determined there were no meaningful differences in employee activity under our ESPP due to the nature of the plan. We estimate the expected term of options granted using an implied life derived from the results of a hypothetical mid-point settlement scenario, which incorporates our historical exercise, expiration and post-vesting employment termination patterns, while accommodating for partial life cycle effects. We believe these estimates will approximate future behavior. We estimate the expected volatility of our Class A common stock at the grant date using a blend of 90% historical volatility of our Class A common stock and 10% implied volatility of publicly traded options with maturities greater than six months on our Class A common stock as of the option grant date. Our decision to use a blend of historical and implied volatility was based upon the volume of actively traded options on our common stock and our belief that historical volatility alone may not be completely representative of future stock price trends. Our risk-free interest rate assumption is determined using the Federal Reserve nominal rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the award being valued. We assumed an expected dividend yield of 5%. We estimate option forfeitures at the time of grant and periodically revise those estimates in subsequent periods if actual forfeitures differ from those estimates. We record stock-based compensation expense only for those awards expected to vest using an estimated forfeiture rate based on our historical forfeiture data. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used: Grant Year Dividend Expected Risk Free Expected 2015 5% 45% 2% 6 2014 2% 48% 1% 6 2013 0% 51% 1% 6 Information regarding the 1996 Plan for the year ended December 31, 2015 is as follows: Shares Weighted Weighted Outstanding, beginning of year 2,774,591 $ 33.76 Granted 42,000 55.52 Exercised (881,936 ) 26.50 Forfeited (8,600 ) 48.93 Expired — — Outstanding, end of year 1,926,055 37.49 6.22 Exercisable at end of year 1,146,455 33.59 5.56 At December 31, 2015 there was $9,253 of unrecognized compensation cost related to stock options granted which is expected to be recognized over a weighted-average period of 1.11 years. Shares available for future stock option and restricted share grants to employees and directors under existing plans were 2,439,489 at December 31, 2015. The aggregate intrinsic value of options outstanding as of December 31, 2015 was $43,325, and the aggregate intrinsic value of options exercisable was $30,258. Total intrinsic value of options exercised was $28,549 for the year ended December 31, 2015. Stock Purchase Plan. The number of shares of Class A common stock available under the 2009 ESPP was automatically increased by 80,933 shares on January 1, 2015 pursuant to the automatic increase provisions of the 2009 ESPP. The following is a summary of 2009 ESPP share activity for the year ended December 31, 2015: Shares Available for future purchases, January 1, 2015 307,448 Additional shares reserved under 2009 ESPP 80,933 Purchases (108,792 ) Available for future purchases, December 31, 2015 279,589 Performance-based compensation.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	(15) 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, 2015, the Company maintained $6,624 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 $4,148, $3,973 and $3,581 for the years ended December 31, 2015, 2014 and 2013, 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 satisfying 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, 2015, 2014 and 2013, the Company contributed $1,430, $1,400 and $1,323, 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, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	(16) Commitment and Contingencies The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity.

Distribution Restrictions

Distribution Restrictions	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Distribution Restrictions	(17) Distribution Restrictions In the filing of our Annual Report on Form 10-K for the year ended December 31, 2015, which was originally filed with the SEC on February 25, 2016, we improperly included disclosures under SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. The Company’s wholly owned subsidiary, Lamar Media, is the registrar and issuer of all securities. The Company has no requirement for disclosure under Regulation S-X Rule 3-10 and thus such disclosure has been removed. This revision was determined to be immaterial to the financial statements previously presented. 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, 2015 and December 31, 2014, Lamar Media was permitted under the terms of its outstanding senior subordinated and senior notes to make transfers to Lamar Advertising in the form of cash dividends, loans or advances in amounts up to $2,487,196 and $2,269,393, respectively. As of December 31, 2015, transfers to Lamar Advertising are permitted under Lamar Media’s senior credit facility and as defined therein, unless, after giving effect such distributions, (i) the total debt ratio is equal to or greater than 6.0 to 1 or (ii) the senior debt ratio is equal to or greater than 3.5 to 1. As of December 31, 2015, the total debt ratio was less than 6.0 to 1 and Lamar Media’s senior debt ratio was less than 3.5 to 1; therefore, dividends or distributions to Lamar Advertising were not subject to any additional restrictions under the senior credit facility. In addition, as of December 31, 2015 the senior credit facility allows Lamar Media to conduct its affairs in a manner that would allow Lamar Advertising to qualify and remain qualified for taxation as a REIT, including by allowing Lamar Media to make distributions to Lamar Advertising required for Lamar Advertising to qualify and remain qualified for taxation as a REIT, subject to certain restrictions.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(18) Fair Value of Financial Instruments At December 31, 2015 and 2014, 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 $1,970,253, which exceeded both the gross and carrying amount of $1,919,484 as of December 31, 2015. The majority of the fair value is determined using observed prices of publicly traded debt (level 1 in the fair value hierarchy) and the remaining is valued based on quoted prices for similar debt (level 2 in the fair value hierarchy).

Information about Geographic Ar

Information about Geographic Areas	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Information about Geographic Areas	(19) Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $32,705, $33,124 and $34,013 for the years ended December 31, 2015, 2014 and 2013, respectively. Net carrying value of long lived assets located in foreign countries totaled $5,613 and $7,324 as of December 31, 2015 and 2014, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
New Accounting Pronouncements	(20) New Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of interest: Simplifying the Presentation of Debt Issuance Costs In November 2015, the FASB issued ASU No. 2015-17 Income taxes – Balance Sheet Classification of Deferred Taxes

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	(21) Subsequent Events Acquisition On January 7, 2016 the Company acquired certain assets of Clear Channel Outdoor Holdings, Inc. in five U.S. markets for a combined purchase price of $458,500. The purchase was funded by a combination of $300,000 in new incremental Term A-1 bridge loan proceeds under the amended senior credit facility and $160,000 in borrowings under our revolving credit facility. Senior Note Offering On January 28, 2016 the Company completed an institutional private placement of $400,000 aggregate principal amount of 5 3/4% Senior Notes (“5 3/4% Notes”) due 2026 of Lamar Media Corp., its wholly owned subsidiary. The institutional private placement resulted in net proceeds to Lamar Media of $394,500. The 5 3/4% Notes mature on February 1, 2026, and bear interest at a rate of 5.750% per annum, which is payable semi-annually on February 1 and August 1 of each year, beginning August 1, 2016. The proceeds after payment of fees and expenses were used to repay the $300,000 Term A-1 bridge loan and a portion of borrowings under the revolving credit facility. Lamar Media may redeem up to 35% of the aggregate principal amount of the 5 3/4% Notes, at any time and from time to time, at a price equal to 105.750% of the aggregate principal amount so redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before February 1, 2019, provided that following the redemption, at least 65% of the 5 3/4% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon and 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.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2015
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, 2015 and 2014. Year 2015 Quarters March 31 June 30 September 30 December 31 Net revenues $ 302,477 $ 344,249 $ 350,701 $ 355,969 Net revenues less direct advertising expenses $ 189,245 $ 228,298 $ 229,025 $ 233,068 Net income applicable to common stock $ 40,625 $ 59,269 $ 85,874 $ 76,437 Net income per common share basic $ 0.42 $ 0.61 $ 0.89 $ 0.80 Net income per common share — diluted $ 0.42 $ 0.61 $ 0.89 $ 0.80 Year 2014 Quarters March 31 June 30 September 30 December 31 Net revenues $ 284,933 $ 330,433 $ 334,998 $ 336,696 Net revenues less direct advertising expenses $ 173,425 $ 216,156 $ 222,610 $ 221,600 Net (loss) income applicable to common stock $ (4,928 ) $ 15,331 $ 34,959 $ 207,791 Net (loss) income per common share basic $ (0.05 ) $ 0.16 $ 0.37 $ 2.18 Net (loss) income per common share — diluted $ (0.05 ) $ 0.16 $ 0.37 $ 2.18
LAMAR MEDIA CORP [Member]
Quarterly Financial Data (Unaudited)	(8) 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, 2015 and 2014. Year 2015 Quarters March 31 June 30 September 30 December 31 Net revenues $ 302,477 $ 344,249 $ 350,701 $ 355,969 Net revenues less direct advertising expenses $ 189,245 $ 228,298 $ 229,025 $ 233,068 Net income $ 40,804 $ 59,449 $ 86,043 $ 76,607 Year 2014 Quarters March 31 June 30 September 30 December 31 Net revenues $ 284,933 $ 330,433 $ 334,998 $ 336,696 Net revenues less direct advertising expenses $ 173,425 $ 216,156 $ 222,610 $ 221,600 Net (loss) income $ (4,778 ) $ 15,480 $ 35,103 $ 241,230

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Valuation and Qualifying Accounts Years Ended December 31, 2015, 2014 and 2013 (In thousands) Balance at Charged to Deductions Balance at Year ended December 31, 2015 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,957 6,506 5,479 $ 8,984 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,995,092 66,490 2,233 $ 2,059,349 Year ended December 31, 2014 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,615 5,947 5,605 $ 7,957 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,900,026 96,139 1,073 $ 1,995,092 Year ended December 31, 2013 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,615 6,034 6,034 $ 7,615 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,794,415 106,533 922 $ 1,900,026
LAMAR MEDIA CORP [Member]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II LAMAR MEDIA CORP. AND SUBSIDIARIES Valuation and Qualifying Accounts Years Ended December 31, 2015, 2014 and 2013 (In thousands) Balance at Charged to Deductions Balance Year Ended December 31, 2015 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,957 6,506 5,479 $ 8,984 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,994,146 66,490 2,233 $ 2,058,403 Year Ended December 31, 2014 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,615 5,947 5,605 $ 7,957 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,899,080 96,139 1,073 $ 1,994,146 Year Ended December 31, 2013 Deducted in balance sheet from trade accounts receivable: Allowance for doubtful accounts $ 7,615 6,034 6,034 $ 7,615 Deducted in balance sheet from intangible assets: Amortization of intangible assets $ 1,793,476 106,533 929 $ 1,899,080

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
Schedule III - Real Estate and Accumulated Depreciation	SCHEDULE III LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2015 and 2014 (In thousands) Description (1) Encumbrances Initial Cost (2) Gross Carrying (3) Accumulated Construction Acquisition Useful Lives 319,977 Displays — — $ 2,856,243 $ (1,910,860 ) Various Various 5 to 20 years (1) No single asset exceeded 5% of the total gross carrying amount at December 31, 2015 (2) This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3) Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation. December 31, December 31, 2015 2014 Gross real estate assets: Balance at the beginning of the year $ 2,837,442 $ 2,772,308 Capital expenditures on new advertising displays (4) 46,871 53,832 Capital expenditures on improvements/redevelopments of existing advertising displays 14,412 12,961 Capital expenditures other recurring 34,336 25,870 Land acquisitions (5) 13,851 4,701 Acquisition of advertising displays (6) 13,781 6,021 Assets sold or written-off (101,912 ) (37,005 ) Foreign exchange (2,538 ) (1,246 ) Balance at the end of the year $ 2,856,243 $ 2,837,442 Accumulated depreciation: Balance at the beginning of the year $ 1,903,434 $ 1,799,325 Depreciation 100,005 135,679 Assets sold or written-off (91,218 ) (30,994 ) Foreign exchange (1,361 ) (576 ) Balance at the end of the year $ 1,910,860 $ 1,903,434 (4) Includes non-cash amounts of $2,698 and $3,126 at December 31, 2015 and 2014, respectively (5) Includes non-cash amounts of $200 at December 31, 2015 (6) Includes non-cash amounts of $502 at December 31, 2015
LAMAR MEDIA CORP [Member]
Schedule III - Real Estate and Accumulated Depreciation	SCHEDULE III LAMAR MEDIA CORP. AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2015 (In thousands) Description (1) Encumbrances Initial Cost (2 ) Gross Carrying (3) Accumulated Construction Acquisition Useful Lives 319,977 Displays — — $ 2,856,243 $ (1,910,860 ) Various Various 5 to 20 years (1) No single asset exceeded 5% of the total gross carrying amount at December 31, 2015 (2) This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3) Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation. December 31, December 31, Gross real estate assets: Balance at the beginning of the year $ 2,837,442 $ 2,772,308 Capital expenditures on new advertising displays (4) 46,871 53,832 Capital expenditures on improvements/redevelopments of existing advertising displays 14,412 12,961 Capital expenditures other recurring 34,336 25,870 Land acquisitions (5) 13,851 4,701 Acquisition of advertising displays (6) 13,781 6,021 Assets sold or written-off (101,912 ) (37,005 ) Foreign exchange (2,538 ) (1,246 ) Balance at the end of the year $ 2,856,243 $ 2,837,442 Accumulated depreciation: Balance at the beginning of the year $ 1,903,434 $ 1,799,325 Depreciation 100,005 135,679 Assets sold or written-off (91,218 ) (30,994 ) Foreign exchange (1,361 ) (576 ) Balance at the end of the year $ 1,910,860 $ 1,903,434 (4) Includes non-cash amounts of $2,698 and $3,126 at December 31, 2015 and 2014, respectively (5) Includes non-cash amounts of $200 at December 31, 2015 (6) Includes non-cash amounts of $502 at December 31, 2015

Summarized Financial Informatio

Summarized Financial Information of Subsidiaries	12 Months Ended
	Dec. 31, 2015
LAMAR MEDIA CORP [Member]
Summarized Financial Information of Subsidiaries	(9) Summarized Financial Information of Subsidiaries In the filing of our Annual Report on Form 10-K for the year ended December 31, 2015, which was originally filed with the SEC on February 25, 2016, we omitted certain required disclosures under SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. Accordingly, we have revised our financial statement footnotes to correct this immaterial error of omission and include the information presented below. This revision was determined to be immaterial to the financial statements previously presented. Separate condensed consolidating financial information for Lamar Media, subsidiary guarantors and non-guarantor subsidiaries are presented below. Lamar Media and its subsidiary guarantors have fully and unconditionally guaranteed Lamar Media’s obligations with respect to its publicly issued notes. All guarantees are joint and several. As a result of these guarantee arrangements, we are required to present the following condensed consolidating financial information. The following condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes. The condensed consolidating financial information is provided as an alternative to providing separate financial statements for guarantor subsidiaries. Separate financial statements of Lamar Media’s subsidiary guarantors are not included because the guarantees are full and unconditional and the subsidiary guarantors are 100% owned and jointly and severally liable for Lamar Media’s outstanding publicly issued notes. The accounts for all companies reflected herein are presented using the equity method of accounting for investments in subsidiaries. Condensed Consolidating Balance Sheet as of December 31, 2015 (in thousands) Lamar Media Corp. Guarantor Non-Guarantor Eliminations Lamar Media ASSETS Total current assets $ 6,086 $ 245,685 $ 29,461 $ — $ 281,232 Net property, plant and equipment — 1,072,595 22,542 — 1,095,137 Intangibles and goodwill, net — 1,904,096 34,765 — 1,938,861 Other assets 2,969,906 11,451 535 (2,923,702 ) 58,l90 Total assets $ 2,975,992 $ 3,233,827 $ 87,303 $ (2,923,702 ) $ 3,373,420 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 21,332 $ — $ — $ — $ 21,332 Other current liabilities 29,268 163,955 22,618 — 215,841 Total current liabilities 50,600 163,955 22,618 — 237,173 Long-term debt 1,898,152 — — — 1,898,152 Other noncurrent liabilities 20,059 210,233 53,659 (53,037 ) 230,914 Total liabilities 1,968,811 374,188 76,277 (53,037 ) 2,366,239 Stockholders’ equity 1,007,181 2,859,639 11,026 (2,870,665 ) 1,007,181 Total liabilities and stockholders’ equity $ 2,975,992 $ 3,233,827 $ 87,303 $ (2,923,702 ) $ 3,373,420 Condensed Consolidating Balance Sheet as of December 31, 2014 (in thousands) Lamar Media Guarantor Non-Guarantor Eliminations Lamar Media ASSETS Total current assets $ 12,003 $ 235,202 $ 25,439 $ — $ 272,644 Net property, plant and equipment — 1,063,741 19,899 — 1,083,640 Intangibles and goodwill, net — 1,834,022 35,112 — 1,869,134 Other assets 2,903,894 10,413 13,953 (2,853,218 ) 75,042 Total assets $ 2,915,897 $ 3,143,378 $ 94,403 $ (2,853,218 ) $ 3,300,460 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 15,625 $ — $ — $ — $ 15,625 Other current liabilities 29,281 151,508 25,144 — 205,933 Total current liabilities 44,906 151,508 25,144 — 221,558 Long-term debt 1,884,270 — — — 1,884,270 Other noncurrent liabilities 19,830 207,359 52,788 (52,236 ) 227,741 Total liabilities 1,949,006 358,867 77,932 (52,236 ) 2,333,569 Stockholders’ equity 966,891 2,784,511 16,471 (2,800,982 ) 966,891 Total liabilities and stockholders’ equity $ 2,915,897 $ 3,143,378 $ 94,403 $ (2,853,218 ) $ 3,300,460 Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2015 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,302,770 $ 54,045 $ (3,419 ) $ 1,353,396 Direct advertising expenses (1) — 446,765 29,325 (2,330 ) 473,760 General and administrative expenses (1) — 231,914 10,268 — 242,182 Corporate expenses (1) — 69,721 1,705 — 71,426 Depreciation and amortization — 183,757 7,676 — 191,433 Gain on disposition of assets — (8,765 ) — — (8,765 ) Operating income (loss) — 379,378 5,071 (1,089 ) 383,360 Equity in (earnings) loss of subsidiaries (361,330 ) — — 361,330 — Interest expense (income), net 98,427 (33 ) 1,094 (1,089 ) 98,399 Income before income tax expense 262,903 379,411 3,977 (361,330 ) 284,961 Income tax expense (2) — 8,256 13,802 — 22,058 Net income (loss) $ 262,903 $ 371,155 $ (9,825 ) $ (361,330 ) $ 262,903 Statement of Comprehensive Income Net income (loss) $ 262,903 $ 371,155 $ (9,825 ) $ (361,330 ) $ 262,903 Total other comprehensive loss, net of tax — — (3,632 ) — (3,632 ) Total comprehensive income (loss) $ 262,903 $ 371,155 $ (13,457 ) $ (361,330 ) $ 259,271 (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 Operations and Comprehensive Income for the Year Ended December 31, 2014 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,240,324 $ 51,070 $ (4,334 ) $ 1,287,060 Direct advertising expenses (1) — 427,945 27,570 (2,246 ) 453,269 General and administrative expenses (1) — 220,497 10,303 — 230,800 Corporate expenses (1) — 67,154 1,579 — 68,733 Depreciation and amortization — 249,655 8,780 — 258,435 Gain on disposition of assets — (3,192 ) — — (3,192 ) Operating income (loss) — 278,265 2,838 (2,088 ) 279,015 Equity in (earnings) loss of subsidiaries (454,138 ) — — 454,138 — Interest expense (income), net 105,234 (101 ) 2,107 (2,088 ) 105,152 Other expenses (income) 61,869 — (31,777 ) — 30,092 Income before income tax expense (benefit) 287,035 278,366 32,508 (454,138 ) 143,771 Income tax expense (benefit) (2) — (143,743 ) 479 — (143,264 ) Net income (loss) $ 287,035 $ 422,109 $ 32,029 $ (454,138 ) $ 287,035 Statement of Comprehensive Income Net income (loss) $ 287,035 $ 422,109 $ 32,029 $ (454,138 ) $ 287,035 Total other comprehensive loss, net of tax — — (1,413 ) — (1,413 ) Total comprehensive income (loss) $ 287,035 $ 422,109 $ 30,616 $ (454,138 ) $ 285,622 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2013 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,196,817 $ 52,875 $ (3,850 ) $ 1,245,842 Direct advertising expenses (1) — 411,248 27,594 (1,998 ) 436,844 General and administrative expenses (1) — 221,369 10,205 — 231,574 Corporate expenses (1) — 54,737 2,140 — 56,877 Depreciation and amortization — 292,575 8,004 — 300,579 Gain on disposition of assets — (3,804 ) — — (3,804 ) Operating income (loss) — 220,692 4,932 (1,852 ) 223,772 Equity in (earnings) loss of subsidiaries (144,280 ) — — 144,280 — Interest expense (income), net 145,566 (165 ) 2,563 (1,852 ) 146,112 Other expenses 14,345 — — — 14,345 Income before income tax expense (benefit) (15,631 ) 220,857 2,369 (144,280 ) 63,315 Income tax expense (benefit) (2) (55,969 ) 81,522 (2,576 ) — 22,977 Net income (loss) $ 40,338 $ 139,335 $ 4,945 $ (144,280 ) $ 40,338 Statement of Comprehensive Income Net income (loss) $ 40,338 $ 139,335 $ 4,945 $ (144,280 ) $ 40,338 Total other comprehensive loss, net of tax — — (2,111 ) — (2,111 ) Total comprehensive income (loss) $ 40,338 $ 139,335 $ 2,834 $ (144,280 ) $ 38,227 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense (benefit) 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, 2015 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 348,116 $ 537,763 $ 9,434 $ (441,892 ) $ 453,421 Cash flows from investing activities: Acquisitions — (145,865 ) (8,012 ) — (153,877 ) Capital expenditures — (106,126 ) (4,299 ) — (110,425 ) Proceeds from disposition of assets and investments — 10,429 — — 10,429 Investment in subsidiaries (153,877 ) — — 153,877 — (Increase) decrease in intercompany notes receivable (717 ) — — 717 — Decrease (increase) in notes receivable 193 (200 ) — — (7 ) Net cash used in investing activities (154,401 ) (241,762 ) (12,311 ) 154,594 (253,880 ) Cash flows from financing activities: Proceeds received from revolving credit facility 317,000 — — — 317,000 Payment on revolving credit facility (282,000 ) — — — (282,000 ) Principal payments on long-term debt (15,468 ) — — — (15,468 ) Intercompany loan proceeds — — 717 (717 ) — Distributions to non-controlling interest — — (1,130 ) — (1,130 ) Dividends to parent (271,244 ) (441,892 ) — 441,892 (271,244 ) Contributions from (to) parent 52,263 145,865 8,012 (153,877 ) 52,263 Net cash (used in) provided by financing activities (199,449 ) (296,027 ) 7,599 287,298 (200,579 ) Effect of exchange rate changes in cash and cash equivalents — — (2,670 ) — (2,670 ) Net increase (decrease) in cash and cash equivalents (5,734 ) (26 ) 2,052 — (3,708 ) Cash and cash equivalents at beginning of period 10,689 480 14,366 — 25,535 Cash and cash equivalents at end of period $ 4,955 $ 454 $ 16,418 $ — $ 21,827 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2014 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 335,043 $ 526,987 $ 5,214 $ (432,664 ) $ 434,580 Cash flows from investing activities: Acquisitions — (65,021 ) — — (65,021 ) Capital expenditures — (104,976 ) (2,597 ) — (107,573 ) Proceeds from disposition of assets and investments — 4,135 — — 4,135 Investment in subsidiaries (65,021 ) — — 65,021 — (Increase) decrease in intercompany notes receivable (17,034 ) — — 17,034 — Decrease (increase) in notes receivable 10 4,452 — — 4,462 Net cash used in investing activities (82,045 ) (161,410 ) (2,597 ) 82,055 (163,997 ) Cash flows from financing activities: Proceeds received from revolving credit facility 325,000 — — — 325,000 Payment on revolving credit facility (410,000 ) — — — (410,000 ) Principal payments on long-term debt (11,750 ) — — — (11,750 ) Proceeds received from senior credit facility 300,000 — — — 300,000 Debt issuance costs (17,442 ) — — — (17,442 ) Proceeds received from note offering 510,000 — — — 510,000 Payment on senior subordinated notes (415,752 ) — — — (415,752 ) Payment on senior credit facility (328,856 ) — (23,250 ) — (352,106 ) Intercompany loan proceeds — — 17,034 (17,034 ) — Distributions to non-controlling interest — — (1,094 ) — (1,094 ) Dividends to parent (241,422 ) (432,664 ) — 432,664 (241,422 ) Contributions from (to) parent 38,201 65,021 — (65,021 ) 38,201 Net cash used in financing activities (252,021 ) (367,643 ) (7,310 ) 350,609 (276,365 ) Effect of exchange rate changes in cash and cash equivalents — — (1,395 ) — (1,395 ) Net increase (decrease) in cash and cash equivalents 977 (2,066 ) (6,088 ) — (7,177 ) Cash and cash equivalents at beginning of period 9,712 2,546 20,454 — 32,712 Cash and cash equivalents at end of period $ 10,689 $ 480 $ 14,366 $ — $ 25,535 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2013 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 278,359 $ 476,822 $ 3,547 $ (381,353 ) $ 377,375 Cash flows from investing activities: Acquisitions — (92,248 ) — — (92,248 ) Capital expenditures — (101,242 ) (4,408 ) — (105,650 ) Proceeds from disposition of assets and investments — 6,869 — — 6,869 Investment in subsidiaries (92,248 ) — — 92,248 — (Increase) decrease in intercompany notes receivable (8,264 ) — — 8,264 — (Increase) decrease in notes receivable (126 ) (714 ) — — (840 ) Net cash used in investing activities (100,638 ) (187,335 ) (4,408 ) 100,512 (191,869 ) Cash flows from financing activities: Proceeds received from revolving credit facility 184,000 — — — 184,000 Payment on revolving credit facility (34,000 ) — — — (34,000 ) Principal payments on long-term debt (30,051 ) — (3,000 ) — (33,051 ) Debt issuance costs (89 ) — — — (89 ) Payment on senior subordinated notes (360,383 ) — — — (360,383 ) Intercompany loan proceeds — — 8,264 (8,264 ) — Dividends to parent (4,200 ) (381,353 ) — 381,353 (4,200 ) Contributions from (to) parent 37,858 92,248 — (92,248 ) 37,858 Net cash (used in) provided by financing activities (206,865 ) (289,105 ) 5,264 280,841 (209,865 ) Effect of exchange rate changes in cash and cash equivalents — — (1,340 ) — (1,340 ) Net increase (decrease) in cash and cash equivalents (29,144 ) 382 3,063 — (25,699 ) Cash and cash equivalents at beginning of period 38,856 2,164 17,391 — 58,411 Cash and cash equivalents at end of period $ 9,712 $ 2,546 $ 20,454 $ — $ 32,712

Significant Accounting Polici33

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Nature of Business	(a) Nature of Business Lamar Advertising Company (the Company) is engaged in the outdoor advertising business, operating approximately 144,000 billboard advertising displays in 44 states, Canada and Puerto Rico. 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 23 states throughout the United States and the province of Ontario, Canada and operates over 42,000 transit advertising displays in 18 states, Canada and Puerto Rico. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. The Company operates as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes and generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from advertising rental revenue. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from the assets of its taxable REIT subsidiaries (“TRSs”). In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.
Principles of Consolidation	(b) Principles of Consolidation The accompanying consolidated financial statements include Lamar Advertising Company, its wholly owned subsidiary, Lamar Media Corp. (Lamar Media), and its majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation. An operating segment is a component of an enterprise: • that engages in business activities from which it may earn revenues and incur expenses; • whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and • for which discrete financial information is available. We define the term ‘chief operating decision maker’ to be our executive management group, which consist of our Chief Executive Officer, President and Chief Financial Officer. Currently, all operations are reviewed on a consolidated basis for budget and business plan performance by our executive management group. Additionally, operational performance at the end of each reporting period is viewed in the aggregate by our management group. Any decisions related to changes in invested capital, personnel, operational improvement or training, or to allocate other company resources are made based on the combined results. We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals.
Property, Plant and Equipment	(c) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets during the year ended 2015. For the years ended December 31, 2014 and 2013 depreciation is calculated using accelerated and straight-line methods 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. Impairment testing involves various estimates and assumptions, which could vary, and an analysis of relevant market data and market capitalization. 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 is required to identify its reporting units and determine the carrying value of each reporting unit. The Company has indentified 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 perform the second step of the impairment test, as this is an indication that the reporting unit goodwill may be impaired. The fair value of each reporting unit exceeded its carrying amount at its annual impairment test date on December 31, 2015 and 2014; therefore, the Company was not required to recognize an impairment loss. Intangible assets, consisting primarily of site locations, customer lists and contracts, and non-competition agreements are amortized using the straight-line method over the assets estimated useful lives, generally from 3 to 15 years.
Impairment of Long-Lived Assets	(e) Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset or asset group before interest expense. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset or asset group. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.
Acquisitions	(f) Acquisitions 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 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. 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.
Deferred Income	(g) 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	(h) 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 completion of the sale. 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: 2015 2014 2013 Net revenues $ 7,956 $ 7,839 $ 7,862 Direct advertising expenses $ 3,137 $ 2,928 $ 3,005 General and administrative expenses $ 4,407 $ 4,675 $ 4,417
Income Taxes	(i) 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	(j) 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 years ended December 31, 2015 and 2014, the Company declared and paid distributions of its REIT taxable income of an aggregate of $265,145 or $2.75 per share and $198,520 or $2.08 per share, respectively. In addition, the Company paid distributions of its pre-REIT accumulated earnings and profits of $39,915 or $0.42 per share during the year ended December 31, 2014. 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 our 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 years ended December 31, 2015, 2014 and 2013, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock of $365 or $63.80 per share.
Earnings Per Share	(k) 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, 2015, 2014 and 2013 there were no dilutive shares excluded from the calculation.
Share Based Compensation	(l) Stock Based Compensation Compensation expense for share-based awards is recognized based on the grant date fair value of those awards. Stock-based compensation expense includes an estimate for pre-vesting forfeitures and is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. Non-cash compensation expense recognized during the years ended December 31, 2015, 2014, and 2013 were $25,890, $24,120 and $24,936, respectively. The $25,890 expensed during the year ended December 31, 2015 consists of (i) $9,560 related to stock options, (ii) $16,076 related to stock grants, made under the Company’s performance-based stock incentive program in 2015 and (iii) $254 related to stock awards to directors. See Note 14 for information on the assumptions used to calculate the fair value of stock-based compensation.
Cash and Cash Equivalents	(m) 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	(n) Foreign Currency Translation Local currencies generally are considered the functional currencies outside the United States. Assets and liabilities for operations in local-currency environments are translated at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Foreign currency translation adjustments are recorded as a component of other comprehensive (loss) income in the Consolidated Statements of Operations and Comprehensive Income and as a component of accumulated other comprehensive (deficit) income in the Consolidated Statements of Stockholders’ Equity.
Asset Retirement Obligations	(o) 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 properties.
Use of Estimates	(p) 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	(q) Comprehensive Income Total comprehensive income is presented in the Consolidated Statements of Operations and Comprehensive Income and the components of accumulated other comprehensive income are presented in the Consolidated Statements of Stockholders’ Equity. Comprehensive income is composed of foreign currency translation effects.
Fair Value Measurements	(r) 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	(s) Subsequent Events The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.
LAMAR MEDIA CORP [Member]
Nature of Business	(a) Nature of Business Lamar Media Corp. is a wholly owned subsidiary of Lamar Advertising Company. Lamar Media Corp. is engaged in the outdoor advertising business operating approximately 144,000 outdoor advertising displays in 44 states, Canada and Puerto Rico. 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 23 states throughout the United States as well as the province of Ontario, Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves. Certain footnotes are not provided for the accompanying financial statements as the information in notes 2, 4, 6, 9, 10, 13, 14, 15, 16, 17, 18, 19, 20 and 21 and portions of notes 1 and 12 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 Corp., its wholly owned subsidiaries, The Lamar Company, L.L.C., Lamar Central Outdoor, LLC, Lamar TRS Holdings, LLC, Lamar Advertising Southwest, Inc., Interstate Logos, L.L.C., Lamar Obie Company, LLC, Lamar Canadian Outdoor Company, Lamar Advertising of Puerto Rico, Inc. and their majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

Significant Accounting Polici34

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
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: 2015 2014 2013 Net revenues $ 7,956 $ 7,839 $ 7,862 Direct advertising expenses $ 3,137 $ 2,928 $ 3,005 General and administrative expenses $ 4,407 $ 4,675 $ 4,417

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Summary of Allocation of Acquisition Costs	The following is a summary of the allocation of the acquisition costs in the above transactions. Total Property, plant and equipment $ 26,547 Goodwill 34,275 Site locations 87,899 Non-competition agreements 455 Customer lists and contracts 14,901 Current assets 5,650 Current liabilities (8,674 ) Long–term liabilities (2,501 ) $ 158,552 The following is a summary of the allocation of the acquisition costs in the above transactions. Total Property, plant and equipment $ 10,542 Goodwill 9,457 Site locations 36,982 Non-competition agreements 135 Customer lists and contracts 7,216 Current assets 895 Current liabilities (206 ) $ 65,021
Summary of Unaudited Pro Forma Financial Information	The following unaudited pro forma financial information for the Company gives effect to the 2015 and 2014 acquisitions as if they had occurred on January 1, 2014. 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. 2015 2014 (unaudited) Net revenues $ 1,374,831 $ 1,336,710 Net income applicable to common stock $ 263,079 $ 256,245 Net income per common share — basic $ 2.73 $ 2.69 Net income per common share — diluted $ 2.73 $ 2.69 The following unaudited pro forma financial information for the Company gives effect to the 2014 and 2013 acquisitions as if they had occurred on January 1, 2013. 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. 2014 2013 (unaudited) Net revenues $ 1,291,771 $ 1,262,506 Net income applicable to common stock $ 256,785 $ 40,015 Net income per common share — basic $ 2.70 $ 0.42 Net income per common share — diluted $ 2.69 $ 0.42

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Summary of Major Categories of Property, Plant and Equipment	Major categories of property, plant and equipment at December 31, 2015 and 2014 are as follows: Estimated Life 2015 2014 Land — $ 326,942 $ 316,798 Building and improvements 10 — 39 136,587 132,360 Advertising structures 5 — 15 2,529,301 2,520,644 Automotive and other equipment 3 — 7 146,409 140,583 $ 3,139,239 $ 3,110,385

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Intangible Assets	The following is a summary of intangible assets at December 31, 2015 and December 31, 2014: Estimated 2015 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable Intangible Assets: Customer lists and contracts 7 — 10 $ 513,832 $ 477,006 $ 499,310 $ 470,170 Non-competition agreements 3 — 15 64,514 63,453 64,062 63,192 Site locations 15 1,616,345 1,251,825 1,531,161 1,194,709 Other 5 — 15 14,008 13,529 14,008 13,485 $ 2,208,699 $ 1,805,813 $ 2,108,541 $ 1,741,556 Unamortizable Intangible Assets: Goodwill $ 1,800,130 $ 253,536 $ 1,766,304 $ 253,536
Summary of Changes in Gross Carrying Amount of Goodwill	The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows: Balance as of December 31, 2014 $ 1,766,304 Goodwill acquired during the year 34,275 Purchase price adjustments and other (449 ) Impairment losses — Balance as of December 31, 2015 $ 1,800,130
Summary of Estimated Amortization Expense	The following is a summary of the estimated amortization expense for future years: 2016 $ 60,078 2017 54,622 2018 49,874 2019 44,375 2020 34,520 Thereafter 159,417 Total $ 402,886
LAMAR MEDIA CORP [Member]
Summary of Intangible Assets	The following is a summary of intangible assets at December 31, 2015 and December 31, 2014: Estimated Life 2015 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable Intangible Assets: Customer lists and contracts 7—10 $ 513,832 $ 477,006 $ 499,311 $ 470,170 Non-competition agreement 3—15 64,514 63,453 64,062 63,192 Site locations 15 1,616,345 1,251,825 1,531,161 1,194,709 Other 5—15 13,463 13,452 13,463 13,408 $ 2,208,154 $ 1,805,736 $ 2,107,997 $ 1,741,479 Unamortizable Intangible Assets: Goodwill $ 1,789,110 $ 252,667 $ 1,755,283 $ 252,667
Summary of Changes in Gross Carrying Amount of Goodwill	The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows: Balance as of December 31, 2014 $ 1,755,283 Goodwill acquired during the year 34,275 Purchase price adjustments and other (448 ) Impairment losses — Balance as of December 31, 2015 $ 1,789,110

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Summary of Minimum Annual Rental Payments	The following is a summary of minimum annual rental payments required under those operating leases that have original or remaining lease terms in excess of one year as of December 31, 2015: 2016 $ 172,305 2017 $ 135,811 2018 $ 120,334 2019 $ 107,791 2020 $ 94,172 Thereafter $ 693,441

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Accrued Expenses	The following is a summary of accrued expenses at December 31, 2015 and 2014: 2015 2014 Payroll $ 14,943 $ 13,852 Interest 29,268 29,281 Insurance benefits 13,951 12,853 Accrued lease expense 33,628 35,903 Stock-based compensation 15,301 13,283 Other 8,117 3,618 $ 115,208 $ 108,790
LAMAR MEDIA CORP [Member]
Summary of Accrued Expenses	The following is a summary of accrued expenses at December 31, 2015 and 2014: 2015 2014 Payroll $ 14,943 $ 13,852 Interest 29,268 29,281 Accrued lease expense 33,628 35,903 Other 32,889 25,971 $ 110,728 $ 105,007

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Long-Term Debt	Long-term debt consists of the following at December 31, 2015 and 2014: 2015 2014 Senior Credit Facility $ 373,750 $ 353,750 5 7/8% Senior Subordinated Notes 500,000 500,000 5% Senior Subordinated Notes 535,000 535,000 5 3/8% Senior Notes 510,000 510,000 Other notes with various rates and terms 734 1,145 1,919,484 1,899,895 Less current maturities (21,332 ) (15,625 ) Long-term debt excluding current maturities $ 1,898,152 $ 1,884,270
Summary of Long-Term Debt Matures	Long-term debt matures as follows: 2016 $ 21,332 2017 $ 39,375 2018 $ 45,000 2019 $ 268,750 2020 $ — Later years $ 1,545,027
Schedule of Maturities of Long Term Debt	The Term A Loans began amortizing on June 30, 2014 in quarterly installments on each September 30, December 31, March 31, and June 30 thereafter, as follows: Principal Payment Date Principal Amount March 31, 2016 $ 3,750 June 30, 2016- March 31, 2017 $ 5,625 June 30, 2017-December 31, 2018 $ 11,250 Term A Loan Maturity Date $ 168,750
LAMAR MEDIA CORP [Member]
Long-Term Debt	Long-term debt consists of the following at December 31, 2015 and 2014: 2015 2014 Senior Credit Agreement $ 373,750 $ 353,750 5 7/8% Senior Subordinated Notes 500,000 500,000 5% Senior Subordinated Notes 535,000 535,000 5 3/8% Senior Notes 510,000 510,000 Other notes with various rates and terms 734 1,145 1,919,484 1,899,895 Less current maturities (21,332 ) (15,625 ) Long-term debt excluding current maturities $ 1,898,152 $ 1,884,270
Summary of Long-Term Debt Matures	Long-term debt matures as follows: 2016 $ 21,332 2017 $ 39,375 2018 $ 45,000 2019 $ 268,750 2020 $ — Later years $ 1,545,027

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2015
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, 2013 $ 200,831 Additions to asset retirement obligations 1,238 Accretion expense 5,262 Liabilities settled (3,004 ) Balance at December 31, 2014 204,327 Additions to asset retirement obligations 1,680 Accretion expense 4,845 Liabilities settled (4,618 ) Balance at December 31, 2015 $ 206,234

Depreciation and Amortization (

Depreciation and Amortization (Tables)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Operations	The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Operations are: Year Ended December 31, 2015 2014 2013 Direct expenses $ 175,937 $ 241,471 $ 283,280 General and administrative expenses 3,178 4,534 4,684 Corporate expenses 12,318 12,430 12,615 $ 191,433 $ 258,435 $ 300,579

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2015: U.S. federal $ 7,686 $ (930 ) $ 6,756 State and local 1,746 (246 ) 1,500 Foreign 1,527 12,275 13,802 $ 10,959 $ 11,099 $ 22,058 Year ended December 31, 2014: U.S. federal $ 8,721 $ (119,014 ) $ (110,293 ) State and local 2,632 (2,909 ) (277 ) Foreign 692 (214 ) 478 $ 12,045 $ (122,137 ) $ (110,092 ) Year ended December 31, 2013: U.S. federal $ 930 $ 21,681 $ 22,611 State and local 1,609 1,165 2,774 Foreign 1,553 (4,097 ) (2,544 ) $ 4,092 $ 18,749 $ 22,841
U.S. and Foreign Components of Earnings Before Income Taxes	The U.S. and foreign components of earnings before income taxes are as follows: 2015 2014 2013 U.S. $ 282,774 $ 144,298 $ 62,506 Foreign 1,854 (872 ) 474 Total $ 284,628 $ 143,426 $ 62,980
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 35 percent to income before taxes is as follows: 2015 2014 2013 Income tax expense at U.S. federal statutory rate $ 99,620 $ 50,199 $ 22,043 Tax adjustment related to REIT (a) (92,073 ) (44,891 ) — State and local income taxes, net of federal income tax benefit 1,180 1,017 3,585 Book expenses not deductible for tax purposes 2,117 2,061 1,351 Stock-based compensation 66 (33 ) 65 Valuation allowance (b) 13,818 — (1,097 ) Rate change (c) 90 91 (2,565 ) Deferred tax adjustment due to REIT conversion — (120,081 ) — Other differences, net (2,760 ) 1,545 (541 ) Income tax expense $ 22,058 $ (110,092 ) $ 22,841 (a) Includes dividend paid deduction of $83,750 and $62,937 for the tax years ended December 31, 2015 and 2014, respectively. (b) In May of 2015, Puerto Rico’s “Act 72 of 2015” was signed into law. Under the enacted legislation, significant changes to the 2011 Internal Revenue Code rendered the Company’s tax planning strategy to provide a source of taxable income to support recognition of deferred tax assets in Puerto Rico no longer feasible. As a result, for the year ended December 31, 2015, a non-cash valuation allowance of $13,818 was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years. (c) In 2013, the “Tax Burden Adjustment and Redistribution Act” was signed into law. Under the enacted legislation, the Puerto Rico corporate income tax rate was increased to 39% from 30%. As a result, a non-cash benefit of $2,479 to income tax expense was recorded for the increase of the Puerto Rico net deferred tax asset. Also in 2013, British Columbia Bill 2 was signed into law. The enacted legislation increased the general corporate income tax rate to 11% from 10%. As a result, a non-cash benefit of $86 to income tax expense was recorded for the increase of the Canadian net deferred tax asset.
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: 2015 2014 Deferred tax assets: Allowance for doubtful accounts $ 722 $ 255 Accrued liabilities not deducted for tax purposes 4,362 4,703 Asset retirement obligation 97 79 Net operating loss carry forwards 12,762 11,881 Tax credit carry forwards 155 209 Charitable contributions carry forward 6 9 Property, plant and equipment 1,080 65 Investment in partnerships 246 354 Gross deferred tax assets 19,430 17,555 Less: valuation allowance (13,827 ) (9 ) Net deferred tax assets 5,603 17,546 Deferred tax liabilities: Intangibles (6,303 ) (4,321 ) Gross deferred tax liabilities (6,303 ) (4,321 ) Net deferred tax (liabilities) assets $ (700 ) $ 13,225 Classification in the consolidated balance sheets: Current deferred tax assets $ 1,352 $ 729 Noncurrent deferred tax assets — 12,496 Noncurrent deferred tax liabilities (2,052 ) — Net deferred tax (liabilities) assets $ (700 ) $ 13,225
LAMAR MEDIA CORP [Member]
Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Current Deferred Total Year ended December 31, 2015: U.S. federal 7,686 (930 ) 6,756 State and local 1,746 (246 ) 1,500 Foreign 1,527 12,275 13,802 $ 10,959 $ 11,099 $ 22,058 Year ended December 31, 2014: U.S. federal 8,993 (151,191 ) (142,198 ) State and local 2,579 (4,124 ) (1,545 ) Foreign 692 (213 ) 479 $ 12,264 $ (155,528 ) $ (143,264 ) Year ended December 31, 2013: U.S. federal $ 930 $ 21,798 $ 22,728 State and local 1,609 1,184 2,793 Foreign 1,553 (4,097 ) (2,544 ) $ 4,092 $ 18,885 $ 22,977
U.S. and Foreign Components of Earnings Before Income Taxes	The U.S. and foreign components of earnings before income taxes are as follows: 2015 2014 2013 U.S. $ 283,107 $ 144,643 $ 62,841 Foreign 1,854 (872 ) 474 Total $ 284,961 $ 143,771 $ 63,315
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 35 percent to income before taxes is as follows: 2015 2014 2013 Income tax expense at U.S. federal statutory rate $ 99,736 $ 50,320 $ 22,160 Tax adjustment related to REIT (a) (92,189 ) (45,012 ) — State and local income taxes, net of federal income tax benefit 1,180 1,017 3,601 Book expenses not deductible for tax purposes 2,117 2,061 1,351 Stock-based compensation 66 (33 ) 65 Valuation allowance (b) 13,818 — (1,094 ) Rate Change (c) 90 91 (2,565 ) Deferred tax adjustment due to REIT conversion — (153,472 ) — Other differences, net (2,760 ) 1,764 (541 ) Income tax expense $ 22,058 $ (143,264 ) $ 22,977 (a) Includes dividend paid deduction of $83,866 and $63,058 for the tax years ended 2015 and 2014, respectively. (b) In 2015, Puerto Rico’s “Act 72 of 2015” was signed into law. Under the enacted legislation, significant changes to the 2011 Internal Revenue Code rendered the Company’s tax planning strategy to provide a source of taxable income to support recognition of deferred tax assets in Puerto Rico no longer feasible. As a result, a non-cash valuation allowance of $13,818 was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years. (c) In 2013, the “Tax Burden Adjustment and Redistribution Act” was signed into law. Under the enacted legislation, the Puerto Rico corporate income tax rate was increased to 39% from 30%. As a result, a non-cash benefit of $2,479 to income tax expense was recorded for the increase of the Puerto Rico net deferred tax asset. Also in 2013, British Columbia Bill 2 was signed into law. The enacted legislation increased the general corporate income tax rate to 11% from 10%. As a result, a non-cash benefit of $86 to income tax expense was recorded for the increase of the Canadian net deferred tax asset.
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: 2015 2014 Deferred tax assets: Allowance for doubtful accounts $ 722 $ 255 Accrued liabilities not deducted for tax purposes 4,362 4,703 Asset retirement obligation 97 79 Net operating loss carry forwards 12,762 11,881 Tax credit carry forwards 155 209 Charitable contributions carry forward 6 9 Property, plant and equipment 1,080 65 Investment in partnership 246 354 Gross deferred tax assets 19,430 17,555 Less: valuation allowance (13,827 ) (9 ) Net deferred tax assets 5,603 17,546 Deferred tax liabilities: Intangibles (6,303 ) (4,321 ) Gross deferred tax liabilities (6,303 ) (4,321 ) Net deferred tax (liabilities) assets (700 ) $ 13,225 Classification in the consolidated balance sheets: Current deferred tax assets $ 1,352 $ 729 Noncurrent deferred tax assets — 12,496 Noncurrent deferred tax liabilities (2,052 ) — Net deferred tax (liabilities) assets $ (700 ) $ 13,225

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted Average Fair Value of Options Granted	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 Expected Risk Free Expected 2015 5% 45% 2% 6 2014 2% 48% 1% 6 2013 0% 51% 1% 6
Stock Option Transactions under Various Stock-Based Employee Compensation Plans	Information regarding the 1996 Plan for the year ended December 31, 2015 is as follows: Shares Weighted Weighted Outstanding, beginning of year 2,774,591 $ 33.76 Granted 42,000 55.52 Exercised (881,936 ) 26.50 Forfeited (8,600 ) 48.93 Expired — — Outstanding, end of year 1,926,055 37.49 6.22 Exercisable at end of year 1,146,455 33.59 5.56
Summary of ESPP Share Activity	The following is a summary of 2009 ESPP share activity for the year ended December 31, 2015: Shares Available for future purchases, January 1, 2015 307,448 Additional shares reserved under 2009 ESPP 80,933 Purchases (108,792 ) Available for future purchases, December 31, 2015 279,589

Quarterly Financial Data (Una45

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
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, 2015 and 2014. Year 2015 Quarters March 31 June 30 September 30 December 31 Net revenues $ 302,477 $ 344,249 $ 350,701 $ 355,969 Net revenues less direct advertising expenses $ 189,245 $ 228,298 $ 229,025 $ 233,068 Net income applicable to common stock $ 40,625 $ 59,269 $ 85,874 $ 76,437 Net income per common share basic $ 0.42 $ 0.61 $ 0.89 $ 0.80 Net income per common share — diluted $ 0.42 $ 0.61 $ 0.89 $ 0.80 Year 2014 Quarters March 31 June 30 September 30 December 31 Net revenues $ 284,933 $ 330,433 $ 334,998 $ 336,696 Net revenues less direct advertising expenses $ 173,425 $ 216,156 $ 222,610 $ 221,600 Net (loss) income applicable to common stock $ (4,928 ) $ 15,331 $ 34,959 $ 207,791 Net (loss) income per common share basic $ (0.05 ) $ 0.16 $ 0.37 $ 2.18 Net (loss) income per common share — diluted $ (0.05 ) $ 0.16 $ 0.37 $ 2.18
LAMAR MEDIA CORP [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, 2015 and 2014. Year 2015 Quarters March 31 June 30 September 30 December 31 Net revenues $ 302,477 $ 344,249 $ 350,701 $ 355,969 Net revenues less direct advertising expenses $ 189,245 $ 228,298 $ 229,025 $ 233,068 Net income $ 40,804 $ 59,449 $ 86,043 $ 76,607 Year 2014 Quarters March 31 June 30 September 30 December 31 Net revenues $ 284,933 $ 330,433 $ 334,998 $ 336,696 Net revenues less direct advertising expenses $ 173,425 $ 216,156 $ 222,610 $ 221,600 Net (loss) income $ (4,778 ) $ 15,480 $ 35,103 $ 241,230

Summarized Financial Informat46

Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP [Member]	12 Months Ended
	Dec. 31, 2015
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet as of December 31, 2015 (in thousands) Lamar Media Corp. Guarantor Non-Guarantor Eliminations Lamar Media ASSETS Total current assets $ 6,086 $ 245,685 $ 29,461 $ — $ 281,232 Net property, plant and equipment — 1,072,595 22,542 — 1,095,137 Intangibles and goodwill, net — 1,904,096 34,765 — 1,938,861 Other assets 2,969,906 11,451 535 (2,923,702 ) 58,l90 Total assets $ 2,975,992 $ 3,233,827 $ 87,303 $ (2,923,702 ) $ 3,373,420 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 21,332 $ — $ — $ — $ 21,332 Other current liabilities 29,268 163,955 22,618 — 215,841 Total current liabilities 50,600 163,955 22,618 — 237,173 Long-term debt 1,898,152 — — — 1,898,152 Other noncurrent liabilities 20,059 210,233 53,659 (53,037 ) 230,914 Total liabilities 1,968,811 374,188 76,277 (53,037 ) 2,366,239 Stockholders’ equity 1,007,181 2,859,639 11,026 (2,870,665 ) 1,007,181 Total liabilities and stockholders’ equity $ 2,975,992 $ 3,233,827 $ 87,303 $ (2,923,702 ) $ 3,373,420 Condensed Consolidating Balance Sheet as of December 31, 2014 (in thousands) Lamar Media Guarantor Non-Guarantor Eliminations Lamar Media ASSETS Total current assets $ 12,003 $ 235,202 $ 25,439 $ — $ 272,644 Net property, plant and equipment — 1,063,741 19,899 — 1,083,640 Intangibles and goodwill, net — 1,834,022 35,112 — 1,869,134 Other assets 2,903,894 10,413 13,953 (2,853,218 ) 75,042 Total assets $ 2,915,897 $ 3,143,378 $ 94,403 $ (2,853,218 ) $ 3,300,460 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current maturities of long-term debt $ 15,625 $ — $ — $ — $ 15,625 Other current liabilities 29,281 151,508 25,144 — 205,933 Total current liabilities 44,906 151,508 25,144 — 221,558 Long-term debt 1,884,270 — — — 1,884,270 Other noncurrent liabilities 19,830 207,359 52,788 (52,236 ) 227,741 Total liabilities 1,949,006 358,867 77,932 (52,236 ) 2,333,569 Stockholders’ equity 966,891 2,784,511 16,471 (2,800,982 ) 966,891 Total liabilities and stockholders’ equity $ 2,915,897 $ 3,143,378 $ 94,403 $ (2,853,218 ) $ 3,300,460
Condensed Consolidating Statements of Operations and Comprehensive Income	Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2015 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,302,770 $ 54,045 $ (3,419 ) $ 1,353,396 Direct advertising expenses (1) — 446,765 29,325 (2,330 ) 473,760 General and administrative expenses (1) — 231,914 10,268 — 242,182 Corporate expenses (1) — 69,721 1,705 — 71,426 Depreciation and amortization — 183,757 7,676 — 191,433 Gain on disposition of assets — (8,765 ) — — (8,765 ) Operating income (loss) — 379,378 5,071 (1,089 ) 383,360 Equity in (earnings) loss of subsidiaries (361,330 ) — — 361,330 — Interest expense (income), net 98,427 (33 ) 1,094 (1,089 ) 98,399 Income before income tax expense 262,903 379,411 3,977 (361,330 ) 284,961 Income tax expense (2) — 8,256 13,802 — 22,058 Net income (loss) $ 262,903 $ 371,155 $ (9,825 ) $ (361,330 ) $ 262,903 Statement of Comprehensive Income Net income (loss) $ 262,903 $ 371,155 $ (9,825 ) $ (361,330 ) $ 262,903 Total other comprehensive loss, net of tax — — (3,632 ) — (3,632 ) Total comprehensive income (loss) $ 262,903 $ 371,155 $ (13,457 ) $ (361,330 ) $ 259,271 (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 Operations and Comprehensive Income for the Year Ended December 31, 2014 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,240,324 $ 51,070 $ (4,334 ) $ 1,287,060 Direct advertising expenses (1) — 427,945 27,570 (2,246 ) 453,269 General and administrative expenses (1) — 220,497 10,303 — 230,800 Corporate expenses (1) — 67,154 1,579 — 68,733 Depreciation and amortization — 249,655 8,780 — 258,435 Gain on disposition of assets — (3,192 ) — — (3,192 ) Operating income (loss) — 278,265 2,838 (2,088 ) 279,015 Equity in (earnings) loss of subsidiaries (454,138 ) — — 454,138 — Interest expense (income), net 105,234 (101 ) 2,107 (2,088 ) 105,152 Other expenses (income) 61,869 — (31,777 ) — 30,092 Income before income tax expense (benefit) 287,035 278,366 32,508 (454,138 ) 143,771 Income tax expense (benefit) (2) — (143,743 ) 479 — (143,264 ) Net income (loss) $ 287,035 $ 422,109 $ 32,029 $ (454,138 ) $ 287,035 Statement of Comprehensive Income Net income (loss) $ 287,035 $ 422,109 $ 32,029 $ (454,138 ) $ 287,035 Total other comprehensive loss, net of tax — — (1,413 ) — (1,413 ) Total comprehensive income (loss) $ 287,035 $ 422,109 $ 30,616 $ (454,138 ) $ 285,622 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries. Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2013 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Statement of Operations Net revenues $ — $ 1,196,817 $ 52,875 $ (3,850 ) $ 1,245,842 Direct advertising expenses (1) — 411,248 27,594 (1,998 ) 436,844 General and administrative expenses (1) — 221,369 10,205 — 231,574 Corporate expenses (1) — 54,737 2,140 — 56,877 Depreciation and amortization — 292,575 8,004 — 300,579 Gain on disposition of assets — (3,804 ) — — (3,804 ) Operating income (loss) — 220,692 4,932 (1,852 ) 223,772 Equity in (earnings) loss of subsidiaries (144,280 ) — — 144,280 — Interest expense (income), net 145,566 (165 ) 2,563 (1,852 ) 146,112 Other expenses 14,345 — — — 14,345 Income before income tax expense (benefit) (15,631 ) 220,857 2,369 (144,280 ) 63,315 Income tax expense (benefit) (2) (55,969 ) 81,522 (2,576 ) — 22,977 Net income (loss) $ 40,338 $ 139,335 $ 4,945 $ (144,280 ) $ 40,338 Statement of Comprehensive Income Net income (loss) $ 40,338 $ 139,335 $ 4,945 $ (144,280 ) $ 40,338 Total other comprehensive loss, net of tax — — (2,111 ) — (2,111 ) Total comprehensive income (loss) $ 40,338 $ 139,335 $ 2,834 $ (144,280 ) $ 38,227 (1) Caption is exclusive of depreciation and amortization. (2) The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2015 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 348,116 $ 537,763 $ 9,434 $ (441,892 ) $ 453,421 Cash flows from investing activities: Acquisitions — (145,865 ) (8,012 ) — (153,877 ) Capital expenditures — (106,126 ) (4,299 ) — (110,425 ) Proceeds from disposition of assets and investments — 10,429 — — 10,429 Investment in subsidiaries (153,877 ) — — 153,877 — (Increase) decrease in intercompany notes receivable (717 ) — — 717 — Decrease (increase) in notes receivable 193 (200 ) — — (7 ) Net cash used in investing activities (154,401 ) (241,762 ) (12,311 ) 154,594 (253,880 ) Cash flows from financing activities: Proceeds received from revolving credit facility 317,000 — — — 317,000 Payment on revolving credit facility (282,000 ) — — — (282,000 ) Principal payments on long-term debt (15,468 ) — — — (15,468 ) Intercompany loan proceeds — — 717 (717 ) — Distributions to non-controlling interest — — (1,130 ) — (1,130 ) Dividends to parent (271,244 ) (441,892 ) — 441,892 (271,244 ) Contributions from (to) parent 52,263 145,865 8,012 (153,877 ) 52,263 Net cash (used in) provided by financing activities (199,449 ) (296,027 ) 7,599 287,298 (200,579 ) Effect of exchange rate changes in cash and cash equivalents — — (2,670 ) — (2,670 ) Net increase (decrease) in cash and cash equivalents (5,734 ) (26 ) 2,052 — (3,708 ) Cash and cash equivalents at beginning of period 10,689 480 14,366 — 25,535 Cash and cash equivalents at end of period $ 4,955 $ 454 $ 16,418 $ — $ 21,827 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2014 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 335,043 $ 526,987 $ 5,214 $ (432,664 ) $ 434,580 Cash flows from investing activities: Acquisitions — (65,021 ) — — (65,021 ) Capital expenditures — (104,976 ) (2,597 ) — (107,573 ) Proceeds from disposition of assets and investments — 4,135 — — 4,135 Investment in subsidiaries (65,021 ) — — 65,021 — (Increase) decrease in intercompany notes receivable (17,034 ) — — 17,034 — Decrease (increase) in notes receivable 10 4,452 — — 4,462 Net cash used in investing activities (82,045 ) (161,410 ) (2,597 ) 82,055 (163,997 ) Cash flows from financing activities: Proceeds received from revolving credit facility 325,000 — — — 325,000 Payment on revolving credit facility (410,000 ) — — — (410,000 ) Principal payments on long-term debt (11,750 ) — — — (11,750 ) Proceeds received from senior credit facility 300,000 — — — 300,000 Debt issuance costs (17,442 ) — — — (17,442 ) Proceeds received from note offering 510,000 — — — 510,000 Payment on senior subordinated notes (415,752 ) — — — (415,752 ) Payment on senior credit facility (328,856 ) — (23,250 ) — (352,106 ) Intercompany loan proceeds — — 17,034 (17,034 ) — Distributions to non-controlling interest — — (1,094 ) — (1,094 ) Dividends to parent (241,422 ) (432,664 ) — 432,664 (241,422 ) Contributions from (to) parent 38,201 65,021 — (65,021 ) 38,201 Net cash used in financing activities (252,021 ) (367,643 ) (7,310 ) 350,609 (276,365 ) Effect of exchange rate changes in cash and cash equivalents — — (1,395 ) — (1,395 ) Net increase (decrease) in cash and cash equivalents 977 (2,066 ) (6,088 ) — (7,177 ) Cash and cash equivalents at beginning of period 9,712 2,546 20,454 — 32,712 Cash and cash equivalents at end of period $ 10,689 $ 480 $ 14,366 $ — $ 25,535 Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2013 (in thousands) Lamar Media Corp. Guarantor Subsidiaries Non-Guarantor Eliminations Lamar Media Cash flows from operating activities: Net cash provided by (used in) operating activities $ 278,359 $ 476,822 $ 3,547 $ (381,353 ) $ 377,375 Cash flows from investing activities: Acquisitions — (92,248 ) — — (92,248 ) Capital expenditures — (101,242 ) (4,408 ) — (105,650 ) Proceeds from disposition of assets and investments — 6,869 — — 6,869 Investment in subsidiaries (92,248 ) — — 92,248 — (Increase) decrease in intercompany notes receivable (8,264 ) — — 8,264 — (Increase) decrease in notes receivable (126 ) (714 ) — — (840 ) Net cash used in investing activities (100,638 ) (187,335 ) (4,408 ) 100,512 (191,869 ) Cash flows from financing activities: Proceeds received from revolving credit facility 184,000 — — — 184,000 Payment on revolving credit facility (34,000 ) — — — (34,000 ) Principal payments on long-term debt (30,051 ) — (3,000 ) — (33,051 ) Debt issuance costs (89 ) — — — (89 ) Payment on senior subordinated notes (360,383 ) — — — (360,383 ) Intercompany loan proceeds — — 8,264 (8,264 ) — Dividends to parent (4,200 ) (381,353 ) — 381,353 (4,200 ) Contributions from (to) parent 37,858 92,248 — (92,248 ) 37,858 Net cash (used in) provided by financing activities (206,865 ) (289,105 ) 5,264 280,841 (209,865 ) Effect of exchange rate changes in cash and cash equivalents — — (1,340 ) — (1,340 ) Net increase (decrease) in cash and cash equivalents (29,144 ) 382 3,063 — (25,699 ) Cash and cash equivalents at beginning of period 38,856 2,164 17,391 — 58,411 Cash and cash equivalents at end of period $ 9,712 $ 2,546 $ 20,454 $ — $ 32,712

Significant Accounting Polici47

Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)StateTransitBillboardReporting_Unit$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays | Billboard	144,000
Number of states in which the company operates | State	44
Number of states in which the company operates logo sign business | State	23
Number of transit advertising displays | Transit	42,000
Number of states in which the company operates | State	18
Number of reporting units | Reporting_Unit	2
REIT threshold percentage of taxable income to be distributed to stockholders	90.00%
Distributions paid, preferred stockholders	$ 365	$ 365	$ 365
Distributions paid, preferred stockholders, per share | $ / shares	$ 63.80	$ 63.80	$ 63.80
Dilutive shares | shares	0	0	0
Non cash compensation expense	$ 25,890	$ 24,120	$ 24,936
Investment maturity period	Three months or less
LAMAR MEDIA CORP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays | Billboard	144,000
Number of states in which the company operates | State	44
Number of states in which the company operates logo sign business | State	23
Non cash compensation expense	$ 25,890	24,120	$ 24,936
Taxable Income Distribution [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid	$ 265,145	$ 198,520
Distributions paid, per share | $ / shares	$ 2.75	$ 2.08
Accumulated Earnings And Profits [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid		$ 39,915
Distributions paid, per share | $ / shares		$ 0.42
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	$ 9,560
Performance-Based Stock Incentive Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	16,076
Stock Awards to Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	$ 254
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	15 years

Significant Accounting Polici48

Significant Accounting Policies - Revenue and Expense Recognized for Advertising Barter Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Net revenues	$ 7,956	$ 7,839	$ 7,862
Direct advertising expenses	3,137	2,928	3,005
General and administrative expenses	$ 4,407	$ 4,675	$ 4,417

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets paid in cash	$ 153,877	$ 65,021	$ 92,248
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	158,552
Total purchase price of outdoor advertising assets paid in cash	153,877
Non cash consideration of outdoor advertising assets	4,675
Gain on exchange of outdoor advertising assets	4,326
Total acquired intangible assets	137,530
Portion of acquired intangible assets assigned to goodwill	34,275
Amount deductible for tax purposes	27,082
Aggregate amortization expense related to acquisition	4,588
2015 Acquisitions [Member] | Other [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 103,255
Weighted average useful life	14 years
2015 Acquisitions [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 14,901
Weighted average useful life	7 years
2015 Acquisitions [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 87,899
Weighted average useful life	15 years
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets paid in cash		65,021
Total acquired intangible assets		53,790
Portion of acquired intangible assets assigned to goodwill		9,457
Amount deductible for tax purposes		9,457
Aggregate amortization expense related to acquisition		1,452
2014 Acquisitions [Member] | Other [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 44,333
Weighted average useful life		14 years
2014 Acquisitions [Member] | Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 7,216
Weighted average useful life		7 years
2014 Acquisitions [Member] | Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 36,982
Weighted average useful life		15 years

Acquisitions - Summary of Alloc

Acquisitions - Summary of Allocation of Acquisition Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment	$ 26,547
Goodwill	34,275
Current assets	5,650
Current liabilities	(8,674)
Long-term liabilities	(2,501)
Total	158,552
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment		$ 10,542
Goodwill		9,457
Current assets		895
Current liabilities		(206)
Total		65,021
Site Locations [Member] | 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	87,899
Site Locations [Member] | 2014 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		36,982
Non-competition Agreements [Member] | 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	455
Customer Lists and Contracts [Member] | 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 14,901
Customer Lists and Contracts [Member] | 2014 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		7,216
Non-competition Agreements [Member] | 2014 Acquisitions [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		$ 135

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues	$ 1,374,831	$ 1,336,710
Net income applicable to common stock	$ 263,079	$ 256,245
Net income per common share - basic	$ 2.73	$ 2.69
Net income per common share - diluted	$ 2.73	$ 2.69
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues		$ 1,291,771	$ 1,262,506
Net income applicable to common stock		$ 256,785	$ 40,015
Net income per common share - basic		$ 2.70	$ 0.42
Net income per common share - diluted		$ 2.69	$ 0.42

Non-cash Financing and Invest52

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash acquisition of capital expenditures and outdoor advertising assets	$ 6,036,000	$ 1,900,000	$ 4,982,000
Treasury stock retired shares		17,270,930
Non-cash financing activity	0		0
LAMAR MEDIA CORP [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash acquisition of capital expenditures and outdoor advertising assets	6,036,000	$ 1,900,000	4,982,000
Non-cash financing activity	$ 0	$ 0	$ 0
Treasury Stock [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Treasury stock retired shares		17,270,930
Treasury stock retired value		$ 896,818,000

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, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,139,239	$ 3,110,385
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 326,942	316,798
Land [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Land [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 136,587	132,360
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	$ 2,529,301	2,520,644
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	$ 146,409	$ 140,583
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 Intangible54

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,208,699	$ 2,108,541
Accumulated Amortization	1,805,813	1,741,556
Goodwill gross carrying amount	1,800,130	1,766,304
Goodwill accumulated amortization	253,536	253,536
LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,208,154	2,107,997
Accumulated Amortization	1,805,736	1,741,479
Goodwill gross carrying amount	1,789,110	1,755,283
Goodwill accumulated amortization	$ 252,667	252,667
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 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	$ 513,832	499,310
Accumulated Amortization	477,006	470,170
Customer Lists and Contracts [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	513,832	499,311
Accumulated Amortization	$ 477,006	470,170
Customer Lists and Contracts [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] | Minimum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Customer Lists and Contracts [Member] | Maximum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Non-competition Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64,514	64,062
Accumulated Amortization	63,453	63,192
Non-competition Agreements [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	64,514	64,062
Accumulated Amortization	$ 63,453	63,192
Non-competition Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] | Minimum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Non-competition Agreements [Member] | Maximum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,616,345	1,531,161
Accumulated Amortization	1,251,825	1,194,709
Site Locations [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,616,345	1,531,161
Accumulated Amortization	$ 1,251,825	1,194,709
Site Locations [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member] | Maximum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 14,008	14,008
Accumulated Amortization	13,529	13,485
Other [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,463	13,463
Accumulated Amortization	$ 13,452	$ 13,408
Other [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	5 years
Other [Member] | Minimum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	5 years
Other [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member] | Maximum [Member] | LAMAR MEDIA CORP [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

Goodwill and Other Intangible55

Goodwill and Other Intangible Assets - Summary of Changes in Gross Carrying Amount of Goodwill (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 1,766,304
Goodwill acquired during the year	34,275
Purchase price adjustments and other	(449)
Impairment losses	0
Goodwill, ending balance	1,800,130
LAMAR MEDIA CORP [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1,755,283
Goodwill acquired during the year	34,275
Purchase price adjustments and other	(448)
Impairment losses	0
Goodwill, ending balance	$ 1,789,110

Goodwill and Other Intangible56

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 66,490	$ 96,139	$ 106,533

Goodwill and Other Intangible57

Goodwill and Other Intangible Assets - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,016	$ 60,078
2,017	54,622
2,018	49,874
2,019	44,375
2,020	34,520
Thereafter	159,417
Total	$ 402,886	$ 366,985

Leases - Summary of Minimum Ann

Leases - Summary of Minimum Annual Rental Payments (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Leases [Abstract]
2,016	$ 172,305
2,017	135,811
2,018	120,334
2,019	107,791
2,020	94,172
Thereafter	$ 693,441

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Leases [Abstract]
Rental expense related to company's operating lease	$ 240,518	$ 227,879	$ 222,638

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	$ 14,943	$ 13,852
Interest	29,268	29,281
Insurance benefits	13,951	12,853
Accrued lease expense	33,628	35,903
Stock-based compensation	15,301	13,283
Other	8,117	3,618
Total	115,208	108,790
LAMAR MEDIA CORP [Member]
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	14,943	13,852
Interest	29,268	29,281
Accrued lease expense	33,628	35,903
Other	32,889	25,971
Total	$ 110,728	$ 105,007

Long-term Debt - Long-Term Debt

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long Term Debt	$ 1,919,484	$ 1,899,895
Less current maturities	(21,332)	(15,625)
Long-term debt excluding current maturities	1,898,152	1,884,270
LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	1,919,484	1,899,895
Less current maturities	(21,332)	(15,625)
Long-term debt excluding current maturities	1,898,152	1,884,270
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Long Term Debt	373,750	353,750
Senior Credit Facility [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	373,750	353,750
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Long Term Debt	500,000	500,000
5 7/8% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	500,000	500,000
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Long Term Debt	535,000	535,000
5% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	535,000	535,000
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Long Term Debt	510,000	510,000
5 3/8% Senior Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	510,000	510,000
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Long Term Debt	734	1,145
Other Notes with Various Rates and Terms [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Long Term Debt	$ 734	$ 1,145

Long-term Debt - Long-Term De62

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Dec. 31, 2015	Jan. 10, 2014	Oct. 30, 2012	Feb. 09, 2012
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.875%			5.875%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%		5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%	5.375%
LAMAR MEDIA CORP [Member] | 5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.875%
LAMAR MEDIA CORP [Member] | 5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%
LAMAR MEDIA CORP [Member] | 5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-Term Debt Matures (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
2,016	$ 21,332
2,017	39,375
2,018	45,000
2,019	268,750
2,020	0
Later years	1,545,027
LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
2,016	21,332
2,017	39,375
2,018	45,000
2,019	268,750
2,020	0
Later years	$ 1,545,027

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)	Apr. 18, 2014USD ($)	Jan. 10, 2014USD ($)	Oct. 30, 2012USD ($)	Feb. 09, 2012USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Aggregate principal amount of debt issued					$ 1,919,484,000
Amended and restated date	Apr. 18, 2014
Remaining borrowing capacity under revolving credit facility					291,085,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Outstanding revolving credit facility					100,000,000
Letter of credit outstanding					$ 8,915,000
Term A Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 300,000,000
Term A Loan Facility [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	2.25%
Ratio of indebtedness to net capital minimum	1
Ratio of indebtedness to net capital one	3
Term A Loan Facility [Member] | Debt Ratio Less Than or Equal to Four Point Two Five [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	2.00%
Ratio of indebtedness to net capital minimum	1
Ratio of indebtedness to net capital one	4.25
Term A Loan Facility [Member] | Debt Ratio Less Than or Equal to Three [Member] | LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.75%
Revolving Credit Facility [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Revolving credit facility maturity date					Feb. 2, 2019
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.00%
Ratio of indebtedness to net capital minimum	1
Ratio of indebtedness to net capital one	3
Revolving Credit Facility [Member] | Debt Ratio Less Than or Equal to Three [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.75%
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes				5.875%	5.875%
Aggregate principal amount of debt issued				$ 500,000,000
Net proceeds from the issuance of debt				$ 489,000,000
Redemption percentage equal to principal amount include aggregate premium				100.00%
Redemption price percentage of the principal amount to be purchased				101.00%
5 7/8% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes					5.875%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes			5.00%		5.00%
Aggregate principal amount of debt issued			$ 535,000,000
Net proceeds from the issuance of debt			$ 527,100,000
Redemption percentage equal to principal amount include aggregate premium			100.00%
Redemption price percentage of the principal amount to be purchased			101.00%
5% Senior Subordinated Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes					5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes		5.375%			5.375%
Aggregate principal amount of debt issued		$ 510,000,000
Net proceeds from the issuance of debt		$ 502,300,000
Redemption percentage equal to principal amount include aggregate premium		100.00%
Redemption price percentage of the principal amount to be purchased		101.00%
Redemption percentage of aggregate principal amount of senior notes		35.00%
Additional redeemed percentage of aggregate principal amount		105.375%
Redemption percentage of issued notes which remain outstanding		65.00%
Debt instrument redemption period		120 days
5 3/8% Senior Notes [Member] | LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes					5.375%
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Non cash loss		$ 5,176,000
Ratio of indebtedness to net capital one					3.5
Senior Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 400,000,000
Incremental Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 500,000,000
7 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes	7.875%
Aggregate principal amount of debt issued	$ 400,000,000

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
March 31, 2016 [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 3,750
June 30, 2016- March 31, 2017 [Member]
Debt Instrument [Line Items]
Principal payment amount	5,625
June 30, 2017-December 31, 2018 [Member]
Debt Instrument [Line Items]
Principal payment amount	11,250
Term A Loan Maturity Date [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 168,750

Long-term Debt - Schedule of 66

Long-term Debt - Schedule of Maturities of Long Term Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015
March 31, 2016 [Member]
Debt Instrument [Line Items]
Principal payment date	Mar. 31, 2016
June 30, 2016- March 31, 2017 [Member]
Debt Instrument [Line Items]
Principal payment date	Jun. NaN, 2016
June 30, 2017-December 31, 2018 [Member]
Debt Instrument [Line Items]
Principal payment date	Jun. NaN, 2017

Asset Retirement Obligation - I

Asset Retirement Obligation - Information Related to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 204,327	$ 200,831
Additions to asset retirement obligations	1,680	1,238
Accretion expense	4,845	5,262
Liabilities settled	(4,618)	(3,004)
Ending Balance	$ 206,234	$ 204,327

Depreciation and Amortization -

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 191,433	$ 258,435	$ 300,579
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	175,937	241,471	283,280
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	3,178	4,534	4,684
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 12,318	$ 12,430	$ 12,615

Depreciation and Amortization69

Depreciation and Amortization - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Depreciation, Depletion and Amortization [Abstract]
Increase in net income and operating income due to depreciation adjustment	$ 11,089

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax [Line Items]
U.S. federal, Current	$ 7,686	$ 8,721	$ 930
State and local, Current	1,746	2,632	1,609
Foreign, Current	1,527	692	1,553
Total Current	10,959	12,045	4,092
U.S. federal, Deferred	(930)	(119,014)	21,681
State and local, Deferred	(246)	(2,909)	1,165
Foreign, Deferred	12,275	(214)	(4,097)
Total, Deferred	11,099	(122,137)	18,749
U.S. federal, Total	6,756	(110,293)	22,611
State and local, Total	1,500	(277)	2,774
Foreign, Total	13,802	478	(2,544)
Income tax expense	22,058	(110,092)	22,841
LAMAR MEDIA CORP [Member]
Income Tax [Line Items]
U.S. federal, Current	7,686	8,993	930
State and local, Current	1,746	2,579	1,609
Foreign, Current	1,527	692	1,553
Total Current	10,959	12,264	4,092
U.S. federal, Deferred	(930)	(151,191)	21,798
State and local, Deferred	(246)	(4,124)	1,184
Foreign, Deferred	12,275	(213)	(4,097)
Total, Deferred	11,099	(155,528)	18,885
U.S. federal, Total	6,756	(142,198)	22,728
State and local, Total	1,500	(1,545)	2,793
Foreign, Total	13,802	479	(2,544)
Income tax expense	$ 22,058	$ (143,264)	$ 22,977

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Deferred income tax expense	$ 11,099,000	$ (122,137,000)	$ 18,749,000
Income taxes payable	$ 524,000	$ 308,000
Income tax rate	35.00%	35.00%	35.00%
Net operating loss subject to IRC 382	$ 4,011,000
Amounts of credits available to offset income tax	$ 4,822,000
Deferred tax assets valuation expected rate	0.00%
Net operating income	$ 383,027,000	$ 278,670,000	$ 223,437,000
Potential deferred tax liability	9,041,000
Undistributed earnings of subsidiaries	25,831,000
Unrecognized tax benefits	0	0
LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Deferred income tax expense	11,099,000	(155,528,000)	18,885,000
Income taxes payable	524,000	308,000
Net operating loss subject to IRC 382	4,011,000
Amounts of credits available to offset income tax	$ 19,593,000
Deferred tax assets valuation expected rate	0.00%
Net operating income	$ 383,360,000	279,015,000	223,772,000
Potential deferred tax liability	9,041,000
Undistributed earnings of subsidiaries	25,831,000
REIT Conversion [Member]
Operating Loss Carryforwards [Line Items]
Deferred income tax expense		120,081,000
REIT Conversion [Member] | LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Deferred income tax expense		153,472,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Amounts of credits available to offset income tax	201,000
State net operating loss carry forward	488,294,000
Valuation allowance for State and Local deferred tax assets	0	0
Net change in total state valuation allowance	0	(2,322,000)	(1,087,000)
State and Local Jurisdiction [Member] | LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Amounts of credits available to offset income tax	201,000
State net operating loss carry forward	450,573,000
Valuation allowance for State and Local deferred tax assets	0	0
Net change in total state valuation allowance	0	(1,751,000)	$ (1,085,000)
U S [Member]
Operating Loss Carryforwards [Line Items]
US net operating loss carry forwards	257,839,000
U S [Member] | LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
US net operating loss carry forwards	122,078,000
Puerto Rico [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss subject to IRC 382	30,523,000
Amounts of credits available to offset income tax	155,000
Valuation allowance for State and Local deferred tax assets	13,827,000	9,000
Net change in total state valuation allowance	13,818,000
Net operating income	2,156,000
Puerto Rico [Member] | LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss subject to IRC 382	30,523,000
Amounts of credits available to offset income tax	155,000
Valuation allowance for State and Local deferred tax assets	13,827,000	$ 9,000
Net change in total state valuation allowance	13,818,000
Net operating income	$ 2,156,000

Income Taxes - U.S. and Foreign

Income Taxes - U.S. and Foreign Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	$ 282,774	$ 144,298	$ 62,506
Foreign	1,854	(872)	474
Income before income tax expense	284,628	143,426	62,980
LAMAR MEDIA CORP [Member]
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	283,107	144,643	62,841
Foreign	1,854	(872)	474
Income before income tax expense	$ 284,961	$ 143,771	$ 63,315

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	$ 99,620	$ 50,199	$ 22,043
Tax adjustment related to REIT	(92,073)	(44,891)
State and local income taxes, net of federal income tax benefit	1,180	1,017	3,585
Book expenses not deductible for tax purposes	2,117	2,061	1,351
Stock-based compensation	66	(33)	65
Valuation allowance	13,818		(1,097)
Rate change	90	91	(2,565)
Deferred tax adjustment due to REIT conversion		(120,081)
Other differences, net	(2,760)	1,545	(541)
Income tax expense	22,058	(110,092)	22,841
Deferred Tax Assets Valuation Allowance	13,827	9
LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	99,736	50,320	22,160
Tax adjustment related to REIT	(92,189)	(45,012)
State and local income taxes, net of federal income tax benefit	1,180	1,017	3,601
Book expenses not deductible for tax purposes	2,117	2,061	1,351
Stock-based compensation	66	(33)	65
Valuation allowance	13,818		(1,094)
Rate change	90	91	(2,565)
Deferred tax adjustment due to REIT conversion		(153,472)
Other differences, net	(2,760)	1,764	(541)
Income tax expense	22,058	(143,264)	22,977
Deferred Tax Assets Valuation Allowance	13,827	$ 9
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Rate change			2,479
Deferred Tax Assets Valuation Allowance	13,818
Puerto Rico [Member] | LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	$ 13,818
Rate change			$ 2,479

Income Taxes - Schedule of Ef74

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	$ 83,750	$ 62,937
Rate change	90	91	$ (2,565)
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Corporate income tax rate			39.00%	30.00%
Rate change			$ 2,479
British Columbia Bill 2 [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Rate change			$ 86
Change in general corporate income tax rate			11.00%	10.00%
LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	83,866	63,058
Rate change	$ 90	$ 91	$ (2,565)
LAMAR MEDIA CORP [Member] | Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Corporate income tax rate			39.00%	30.00%
Rate change			$ 2,479
LAMAR MEDIA CORP [Member] | British Columbia Bill 2 [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Rate change			$ 86
Change in general corporate income tax rate			11.00%	10.00%

Income Taxes - Components of De

Income Taxes - Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for doubtful accounts	$ 722	$ 255
Accrued liabilities not deducted for tax purposes	4,362	4,703
Asset retirement obligation	97	79
Net operating loss carry forwards	12,762	11,881
Tax credit carry forwards	155	209
Charitable contributions carry forward	6	9
Property, plant and equipment	1,080	65
Investment in partnership	246	354
Gross deferred tax assets	19,430	17,555
Less: valuation allowance	(13,827)	(9)
Net deferred tax assets	5,603	17,546
Deferred tax liabilities:
Intangibles	(6,303)	(4,321)
Gross deferred tax liabilities	(6,303)	(4,321)
Net deferred tax assets		13,225
Net deferred tax liabilities	(700)
Classification in the consolidated balance sheets:
Current deferred tax assets	1,352	729
Noncurrent deferred tax assets		12,496
Noncurrent deferred tax liabilities	(2,052)
Net deferred tax assets		13,225
Net deferred tax liabilities	(700)
LAMAR MEDIA CORP [Member]
Deferred tax assets:
Allowance for doubtful accounts	722	255
Accrued liabilities not deducted for tax purposes	4,362	4,703
Asset retirement obligation	97	79
Net operating loss carry forwards	12,762	11,881
Tax credit carry forwards	155	209
Charitable contributions carry forward	6	9
Property, plant and equipment	1,080	65
Investment in partnership	246	354
Gross deferred tax assets	19,430	17,555
Less: valuation allowance	(13,827)	(9)
Net deferred tax assets	5,603	17,546
Deferred tax liabilities:
Intangibles	(6,303)	(4,321)
Gross deferred tax liabilities	(6,303)	(4,321)
Net deferred tax assets		13,225
Net deferred tax liabilities	(700)
Classification in the consolidated balance sheets:
Current deferred tax assets	1,352	729
Noncurrent deferred tax assets		12,496
Noncurrent deferred tax liabilities	(2,052)
Net deferred tax assets		$ 13,225
Net deferred tax liabilities	$ (700)

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2014	Dec. 31, 2015
Related Party Transaction [Line Items]
Receivables from employees		$ 246	$ 0
Joule Energy LA, LLC [Member]
Related Party Transaction [Line Items]
Interest owned in service contract	26.66%
Aggregate amount payable under the service contract		1,914
LAMAR MEDIA CORP [Member]
Related Party Transaction [Line Items]
Amount payable to parent company		6,955	6,259
Amount contributed to affiliate		$ 38,201	$ 52,263

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	Jul. 16, 1999	Dec. 31, 2015	Dec. 31, 2014	Dec. 11, 2014
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.
Treasury stock retired shares			17,270,930
Authorized amount of Stock repurchase		$ 0	$ 0
Treasury Stock [Member]
Class of Stock [Line Items]
Treasury stock retired shares			17,270,930
Treasury stock retired value			$ (896,818,000)
Additional Paid-in Capital [Member]
Class of Stock [Line Items]
Treasury stock retired value			$ 896,801,000
Series AA Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	5,720	5,720	5,720
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Dividends paid to preferred stock	15.95
Amount entitled	$ 638
Preferred Class A [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000,000
Common Class A [Member]
Class of Stock [Line Items]
Authorized amount of Stock repurchase				$ 250,000,000
Common Class A [Member] | Common Stock [Member]
Class of Stock [Line Items]
Treasury stock retired value			$ 17,000

Stock Compensation Plans- Addit

Stock Compensation Plans- Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting terms	Vesting terms ranging from three to five years which primarily includes 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Accrued expenses, liability	$ 15,301	$ 13,283
Period of graded vesting for option valuation	4 years
Period of cliff vesting for option valuation	5 years
Expected dividend yield	5.00%	2.00%	0.00%
Total unrecognized compensation cost related to nonvested awards	$ 9,253
Weighted average number of years over which compensation cost related to nonvested awards is expected to be recognized	1 year 1 month 10 days
Shares available for future stock option and restricted share grants to employees and directors under existing plans	2,439,489
Aggregate intrinsic value of options outstanding	$ 43,325
Aggregate intrinsic value of options exercisable	30,258
Total intrinsic value of options exercised	$ 28,549
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
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for future stock option and restricted share grants to employees and directors under existing plans	279,589	307,448
Additional shares reserved under 2009 ESPP	80,933
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected Volatility	90.00%
Volatility rate on publicly traded options	10.00%
Common Class A [Member] | 1996 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
New employee stock purchase plan, which reserved additional shares of common stock	15,500,000
Common Class A [Member] | 2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
New employee stock purchase plan, which reserved additional shares of common stock	588,154
Employee stock purchase plan, which available for issuance of common stock	88,154
Additional shares reserved under 2009 ESPP	80,933
Performance Based Compensation [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 15,301
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	3 years
Range of awards of target number of share	0.00%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	5 years
Range of awards of target number of share	100.00%

Stock Compensation Plans - Weig

Stock Compensation Plans - Weighted Average Fair Value of Options Granted (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend Yield	5.00%	2.00%	0.00%
Expected Volatility	45.00%	48.00%	51.00%
Risk Free Interest Rate	2.00%	1.00%	1.00%
Expected Lives	6 years	6 years	6 years

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock Option Transactions Under Various Stock-Based Employee Compensation Plans (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding, Beginning Balance, Shares	2,774,591
Granted, Shares	42,000
Exercised, Shares	(881,936)	(522,032)	(682,263)
Forfeited, Shares	(8,600)
Expired, Shares	0
Outstanding, Ending Balance, Shares	1,926,055	2,774,591
Exercisable, Ending Balance, Shares	1,146,455
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 33.76
Granted, Weighted Average Exercise Price	55.52
Exercised, Weighted-Average Exercise Price	26.50
Forfeited, Weighted Average Exercise Price	48.93
Expired, Weighted Average Exercise Price	0
Outstanding, Ending Balance, Weighted Average Exercise Price	37.49	$ 33.76
Exercisable, Ending Balance, Weighted Average Exercise Price	$ 33.59
Outstanding, Ending balance, Weighted Average Remaining Contractual Term	6 years 2 months 19 days
Exercisable, Ending Balance, Weighted Average Remaining Contractual Term	5 years 6 months 22 days

Stock Compensation Plans - Summ

Stock Compensation Plans - Summary of ESPP Share Activity (Detail)	12 Months Ended
	Dec. 31, 2015shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, December 31, 2015	2,439,489
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2015	307,448
Additional shares reserved under 2009 ESPP	80,933
Purchases	(108,792)
Available for future purchases, December 31, 2015	279,589

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Letters of credit with bank	$ 6,624,000
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	4,148,000	$ 3,973,000	$ 3,581,000
Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	$ 1,430,000	$ 1,400,000	$ 1,323,000

Distribution Restrictions - Add

Distribution Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 2,487,196	$ 2,269,393
Description of provisions on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	(i) the total debt ratio is equal to or greater than 6.0 to 1 or (ii) the senior debt ratio is equal to or greater than 3.5 to 1.
Debt ratio	6
Description of actual position on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	The total debt ratio was less than 6.0 to 1 and Lamar Media's senior debt ratio was less than 3.5 to 1; therefore, dividends or distributions to Lamar Advertising were not subject to any additional restrictions under the senior credit facility.
Debt ratio related to actual position on senior credit facility	6
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Senior debt ratio	3.5
Senior Subordinated Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Senior debt ratio	3.5

Fair Value of Financial Instr84

Fair Value of Financial Instruments - Additional Information (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 1,970,253
Gross amount of company's long term debt	1,919,484
Carrying amount of company's long term debt	$ 1,919,484

Information about Geographic 85

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 5,613	$ 7,324
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 32,705	$ 33,124	$ 34,013

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Thousands	Jan. 28, 2016USD ($)	Jan. 07, 2016USD ($)Markets	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Subsequent Event [Line Items]
Combined purchase price			$ 153,877	$ 65,021	$ 92,248
Proceeds received from revolving credit facility				$ 300,000
Aggregate principal amount of debt issued			$ 1,919,484
5 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Redemption price percentage of the principal amount to be purchased			101.00%
Debt instrument redemption period			120 days
5 3/4% Senior Notes [Member] | Prior to February 1, 2019 [Member]
Subsequent Event [Line Items]
Redemption percentage of aggregate principal amount of senior notes			35.00%
Additional redeemed percentage of aggregate principal amount			105.75%
Redemption percentage of issued notes which remain outstanding			65.00%
5 3/4% Senior Notes [Member] | Prior to February 1, 2021 [Member]
Subsequent Event [Line Items]
Redemption percentage equal to principal amount include aggregate premium			100.00%
Subsequent Event [Member] | Clear Channel Outdoor Holdings, Inc [Member]
Subsequent Event [Line Items]
Number of markets in which acquisitions were made | Markets		5
Combined purchase price		$ 458,500
Subsequent Event [Member] | Term A Loan Facility [Member]
Subsequent Event [Line Items]
Proceeds received from revolving credit facility		300,000
Subsequent Event [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Proceeds received from senior credit facility		$ 160,000
Subsequent Event [Member] | 5 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of debt issued	$ 400,000
Interest rate on convertible notes	5.75%
Net proceeds from the issuance of debt	$ 394,500
Repayment of bridge loan	$ 300,000

Quarterly Financial Data - Summ

Quarterly Financial Data - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interim Reporting [Line Items]
Net revenues	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 336,696	$ 334,998	$ 330,433	$ 284,933	$ 1,353,396	$ 1,287,060	$ 1,245,842
Net revenues less direct advertising expenses	233,068	229,025	228,298	189,245	221,600	222,610	216,156	173,425
Net (loss) income applicable to common stock	$ 76,437	$ 85,874	$ 59,269	$ 40,625	$ 207,791	$ 34,959	$ 15,331	$ (4,928)	262,205	253,153	39,774
Net (loss) income									$ 262,570	$ 253,518	$ 40,139
Net (loss) income per common share basic	$ 0.80	$ 0.89	$ 0.61	$ 0.42	$ 2.18	$ 0.37	$ 0.16	$ (0.05)	$ 2.72	$ 2.66	$ 0.42
Net (loss) income per common share - diluted	$ 0.80	$ 0.89	$ 0.61	$ 0.42	$ 2.18	$ 0.37	$ 0.16	$ (0.05)	$ 2.72	$ 2.66	$ 0.42
LAMAR MEDIA CORP [Member]
Interim Reporting [Line Items]
Net revenues	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 336,696	$ 334,998	$ 330,433	$ 284,933	$ 1,353,396	$ 1,287,060	$ 1,245,842
Net revenues less direct advertising expenses	233,068	229,025	228,298	189,245	221,600	222,610	216,156	173,425
Net (loss) income	$ 76,607	$ 86,043	$ 59,449	$ 40,804	$ 241,230	$ 35,103	$ 15,480	$ (4,778)	$ 262,903	$ 287,035	$ 40,338

Schedule II - Valuation and Q88

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
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	$ 7,957	$ 7,615	$ 7,615
Charged to Costs and Expenses	6,506	5,947	6,034
Deductions	5,479	5,605	6,034
Balance at End of Period	8,984	7,957	7,615
Deducted in Balance Sheet from Trade Accounts Receivable: Allowance for Doubtful Accounts [Member] | LAMAR MEDIA CORP [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	7,957	7,615	7,615
Charged to Costs and Expenses	6,506	5,947	6,034
Deductions	5,479	5,605	6,034
Balance at End of Period	8,984	7,957	7,615
Deducted in Balance Sheet from Intangible Assets: Amortization of Intangible Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	1,995,092	1,900,026	1,794,415
Charged to Costs and Expenses	66,490	96,139	106,533
Deductions	2,233	1,073	922
Balance at End of Period	2,059,349	1,995,092	1,900,026
Deducted in Balance Sheet from Intangible Assets: Amortization of Intangible Assets [Member] | LAMAR MEDIA CORP [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	1,994,146	1,899,080	1,793,476
Charged to Costs and Expenses	66,490	96,139	106,533
Deductions	2,233	1,073	929
Balance at End of Period	$ 2,058,403	$ 1,994,146	$ 1,899,080

Schedule III - Schedule of Real

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Displays	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays | Displays	319,977
Encumbrances	$ 0	$ 0
Initial Cost	0	0
Gross Carrying Amount	2,856,243	2,837,442	$ 2,772,308
Accumulated Depreciation	$ (1,910,860)	(1,903,434)	(1,799,325)
Construction Date	Various
Acquisition Date	Various
LAMAR MEDIA CORP [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays | Displays	319,977
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	2,856,243	2,837,442	2,772,308
Accumulated Depreciation	$ (1,910,860)	$ (1,903,434)	$ (1,799,325)
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 [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 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	20 years

Schedule III - Schedule of Re90

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015Assets
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 [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, 2015	Dec. 31, 2014
Gross real estate assets:
Balance at the beginning of the year	$ 2,837,442	$ 2,772,308
Capital expenditures on new advertising displays	46,871	53,832
Capital expenditures on improvements/redevelopments of existing advertising displays	14,412	12,961
Capital expenditures other recurring	34,336	25,870
Land acquisitions	13,851	4,701
Acquisition of advertising displays	13,781	6,021
Assets sold or written-off	(101,912)	(37,005)
Foreign exchange	(2,538)	(1,246)
Balance at the end of the year	2,856,243	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	1,903,434	1,799,325
Depreciation	100,005	135,679
Assets sold or written-off	(91,218)	(30,994)
Foreign exchange	(1,361)	(576)
Balance at the end of the year	1,910,860	1,903,434
LAMAR MEDIA CORP [Member]
Gross real estate assets:
Balance at the beginning of the year	2,837,442	2,772,308
Capital expenditures on new advertising displays	46,871	53,832
Capital expenditures on improvements/redevelopments of existing advertising displays	14,412	12,961
Capital expenditures other recurring	34,336	25,870
Land acquisitions	13,851	4,701
Acquisition of advertising displays	13,781	6,021
Assets sold or written-off	(101,912)	(37,005)
Foreign exchange	(2,538)	(1,246)
Balance at the end of the year	2,856,243	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	1,903,434	1,799,325
Depreciation	100,005	135,679
Assets sold or written-off	(91,218)	(30,994)
Foreign exchange	(1,361)	(576)
Balance at the end of the year	$ 1,910,860	$ 1,903,434

Schedule III - Summary of Com92

Schedule III - Summary of Company's Real Estate Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 502
Advertising Display [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	2,698	$ 3,126
Land Acquisition [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	200
LAMAR MEDIA CORP [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	502
LAMAR MEDIA CORP [Member] | Advertising Display [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	2,698	$ 3,126
LAMAR MEDIA CORP [Member] | Land Acquisition [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 200

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Total current assets	$ 281,732	$ 273,144
Net property, plant and equipment	1,095,137	1,083,640
Total assets	3,391,778	3,318,818
Current liabilities:
Current maturities of long-term debt	21,332	15,625
Total current liabilities	241,653	225,341
Long-term debt	1,898,152	1,884,270
Total liabilities	2,370,719	2,337,352
Stockholders' equity	1,021,059	981,466	$ 932,946	$ 861,625
Total liabilities and stockholders' equity	3,391,778	3,318,818
LAMAR MEDIA CORP [Member]
ASSETS
Total current assets	281,232	272,644
Net property, plant and equipment	1,095,137	1,083,640
Intangibles and goodwill, net	1,938,861	1,869,134
Other assets	58,190	75,042
Total assets	3,373,420	3,300,460
Current liabilities:
Current maturities of long-term debt	21,332	15,625
Other current liabilities	215,841	205,933
Total current liabilities	237,173	221,558
Long-term debt	1,898,152	1,884,270
Other noncurrent liabilities	230,914	227,741
Total liabilities	2,366,239	2,333,569
Stockholders' equity	1,007,181	966,891	$ 884,490	$ 812,605
Total liabilities and stockholders' equity	3,373,420	3,300,460
Lamar Media [Member] | LAMAR MEDIA CORP [Member]
ASSETS
Total current assets	6,086	12,003
Other assets	2,969,906	2,903,894
Total assets	2,975,992	2,915,897
Current liabilities:
Current maturities of long-term debt	21,332	15,625
Other current liabilities	29,268	29,281
Total current liabilities	50,600	44,906
Long-term debt	1,898,152	1,884,270
Other noncurrent liabilities	20,059	19,830
Total liabilities	1,968,811	1,949,006
Stockholders' equity	1,007,181	966,891
Total liabilities and stockholders' equity	2,975,992	2,915,897
Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
ASSETS
Total current assets	245,685	235,202
Net property, plant and equipment	1,072,595	1,063,741
Intangibles and goodwill, net	1,904,096	1,834,022
Other assets	11,451	10,413
Total assets	3,233,827	3,143,378
Current liabilities:
Other current liabilities	163,955	151,508
Total current liabilities	163,955	151,508
Other noncurrent liabilities	210,233	207,359
Total liabilities	374,188	358,867
Stockholders' equity	2,859,639	2,784,511
Total liabilities and stockholders' equity	3,233,827	3,143,378
Non-Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
ASSETS
Total current assets	29,461	25,439
Net property, plant and equipment	22,542	19,899
Intangibles and goodwill, net	34,765	35,112
Other assets	535	13,953
Total assets	87,303	94,403
Current liabilities:
Other current liabilities	22,618	25,144
Total current liabilities	22,618	25,144
Other noncurrent liabilities	53,659	52,788
Total liabilities	76,277	77,932
Stockholders' equity	11,026	16,471
Total liabilities and stockholders' equity	87,303	94,403
Eliminations [Member] | LAMAR MEDIA CORP [Member]
ASSETS
Other assets	(2,923,702)	(2,853,218)
Total assets	(2,923,702)	(2,853,218)
Current liabilities:
Other noncurrent liabilities	(53,037)	(52,236)
Total liabilities	(53,037)	(52,236)
Stockholders' equity	(2,870,665)	(2,800,982)
Total liabilities and stockholders' equity	$ (2,923,702)	$ (2,853,218)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Income Statements, Captions [Line Items]
Net revenues	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 336,696	$ 334,998	$ 330,433	$ 284,933	$ 1,353,396	$ 1,287,060	$ 1,245,842
Direct advertising expenses									473,760	453,269	436,844
General and administrative expenses									242,182	230,800	231,574
Corporate expenses									71,759	69,078	57,212
Depreciation and amortization									191,433	258,435	300,579
Gain on disposition of assets									(8,765)	(3,192)	(3,804)
Operating income									383,027	278,670	223,437
Income before income tax expense									284,628	143,426	62,980
Income tax expense (benefit)									22,058	(110,092)	22,841
Net income (loss)									262,570	253,518	40,139
Statement of Comprehensive Income
Net income (loss)									262,570	253,518	40,139
Total other comprehensive loss, net of tax									(3,632)	(1,413)	(2,111)
Total comprehensive income (loss)									258,938	252,105	38,028
LAMAR MEDIA CORP [Member]
Condensed Income Statements, Captions [Line Items]
Net revenues	355,969	350,701	344,249	302,477	336,696	334,998	330,433	284,933	1,353,396	1,287,060	1,245,842
Direct advertising expenses									473,760	453,269	436,844
General and administrative expenses									242,182	230,800	231,574
Corporate expenses									71,426	68,733	56,877
Depreciation and amortization									191,433	258,435	300,579
Gain on disposition of assets									(8,765)	(3,192)	(3,804)
Operating income									383,360	279,015	223,772
Interest expense (income), net									98,399	105,152	146,112
Other expenses (income)										30,092	14,345
Income before income tax expense									284,961	143,771	63,315
Income tax expense (benefit)									22,058	(143,264)	22,977
Net income (loss)	76,607	86,043	59,449	40,804	241,230	35,103	15,480	(4,778)	262,903	287,035	40,338
Statement of Comprehensive Income
Net income (loss)	$ 76,607	$ 86,043	$ 59,449	$ 40,804	$ 241,230	$ 35,103	$ 15,480	$ (4,778)	262,903	287,035	40,338
Total other comprehensive loss, net of tax									(3,632)	(1,413)	(2,111)
Total comprehensive income (loss)									259,271	285,622	38,227
Lamar Media [Member] | LAMAR MEDIA CORP [Member]
Condensed Income Statements, Captions [Line Items]
Equity in (earnings) loss of subsidiaries									(361,330)	(454,138)	(144,280)
Interest expense (income), net									98,427	105,234	145,566
Other expenses (income)										61,869	14,345
Income before income tax expense									262,903	287,035	(15,631)
Income tax expense (benefit)											(55,969)
Net income (loss)									262,903	287,035	40,338
Statement of Comprehensive Income
Net income (loss)									262,903	287,035	40,338
Total comprehensive income (loss)									262,903	287,035	40,338
Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
Condensed Income Statements, Captions [Line Items]
Net revenues									1,302,770	1,240,324	1,196,817
Direct advertising expenses									446,765	427,945	411,248
General and administrative expenses									231,914	220,497	221,369
Corporate expenses									69,721	67,154	54,737
Depreciation and amortization									183,757	249,655	292,575
Gain on disposition of assets									(8,765)	(3,192)	(3,804)
Operating income									379,378	278,265	220,692
Interest expense (income), net									(33)	(101)	(165)
Income before income tax expense									379,411	278,366	220,857
Income tax expense (benefit)									8,256	(143,743)	81,522
Net income (loss)									371,155	422,109	139,335
Statement of Comprehensive Income
Net income (loss)									371,155	422,109	139,335
Total comprehensive income (loss)									371,155	422,109	139,335
Non-Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
Condensed Income Statements, Captions [Line Items]
Net revenues									54,045	51,070	52,875
Direct advertising expenses									29,325	27,570	27,594
General and administrative expenses									10,268	10,303	10,205
Corporate expenses									1,705	1,579	2,140
Depreciation and amortization									7,676	8,780	8,004
Operating income									5,071	2,838	4,932
Interest expense (income), net									1,094	2,107	2,563
Other expenses (income)										(31,777)
Income before income tax expense									3,977	32,508	2,369
Income tax expense (benefit)									13,802	479	(2,576)
Net income (loss)									(9,825)	32,029	4,945
Statement of Comprehensive Income
Net income (loss)									(9,825)	32,029	4,945
Total other comprehensive loss, net of tax									(3,632)	(1,413)	(2,111)
Total comprehensive income (loss)									(13,457)	30,616	2,834
Eliminations [Member] | LAMAR MEDIA CORP [Member]
Condensed Income Statements, Captions [Line Items]
Net revenues									(3,419)	(4,334)	(3,850)
Direct advertising expenses									(2,330)	(2,246)	(1,998)
Operating income									(1,089)	(2,088)	(1,852)
Equity in (earnings) loss of subsidiaries									361,330	454,138	144,280
Interest expense (income), net									(1,089)	(2,088)	(1,852)
Income before income tax expense									(361,330)	(454,138)	(144,280)
Net income (loss)									(361,330)	(454,138)	(144,280)
Statement of Comprehensive Income
Net income (loss)									(361,330)	(454,138)	(144,280)
Total comprehensive income (loss)									$ (361,330)	$ (454,138)	$ (144,280)

Condensed Consolidating State95

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 477,650	$ 452,529	$ 394,705
Cash flows from investing activities:
Acquisitions	(153,877)	(65,021)	(92,248)
Capital expenditures	(110,425)	(107,573)	(105,650)
Proceeds from disposition of assets and investments	10,429	4,135	6,869
(Increase) decrease in notes receivable	(7)	4,462	(840)
Cash flows used in investing activities	(253,880)	(163,997)	(191,869)
Cash flows from financing activities:
Proceeds received from revolving credit facility	317,000	325,000	184,000
Payment on revolving credit facility	(282,000)	(410,000)	(34,000)
Principal payments on long-term debt	(15,468)	(11,750)	(33,051)
Proceeds received from senior credit facility		300,000
Debt issuance costs		(17,441)	(89)
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)	(360,383)
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,130)	(1,094)
Cash flows used in financing activities	(224,808)	(294,315)	(227,195)
Effect of exchange rate changes in cash and cash equivalents	(2,670)	(1,394)	(1,340)
Net increase (decrease) in cash and cash equivalents	(3,708)	(7,177)	(25,699)
Cash and cash equivalents at beginning of period	26,035	33,212	58,911
Cash and cash equivalents at end of period	22,327	26,035	33,212
LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	453,421	434,580	377,375
Cash flows from investing activities:
Acquisitions	(153,877)	(65,021)	(92,248)
Capital expenditures	(110,425)	(107,573)	(105,650)
Proceeds from disposition of assets and investments	10,429	4,135	6,869
(Increase) decrease in notes receivable	(7)	4,462	(840)
Cash flows used in investing activities	(253,880)	(163,997)	(191,869)
Cash flows from financing activities:
Proceeds received from revolving credit facility	317,000	325,000	184,000
Payment on revolving credit facility	(282,000)	(410,000)	(34,000)
Principal payments on long-term debt	(15,468)	(11,750)	(33,051)
Proceeds received from senior credit facility		300,000
Debt issuance costs		(17,442)	(89)
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)	(360,383)
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,130)	(1,094)
Dividends to parent	(271,244)	(241,422)	(4,200)
Contributions from (to) parent	52,263	38,201	37,858
Cash flows used in financing activities	(200,579)	(276,365)	(209,865)
Effect of exchange rate changes in cash and cash equivalents	(2,670)	(1,395)	(1,340)
Net increase (decrease) in cash and cash equivalents	(3,708)	(7,177)	(25,699)
Cash and cash equivalents at beginning of period	25,535	32,712	58,411
Cash and cash equivalents at end of period	21,827	25,535	32,712
Lamar Media [Member] | LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	348,116	335,043	278,359
Cash flows from investing activities:
Investment in subsidiaries	(153,877)	(65,021)	(92,248)
(Increase) decrease in intercompany notes receivable	(717)	(17,034)	(8,264)
(Increase) decrease in notes receivable	193	10	(126)
Cash flows used in investing activities	(154,401)	(82,045)	(100,638)
Cash flows from financing activities:
Proceeds received from revolving credit facility	317,000	325,000	184,000
Payment on revolving credit facility	(282,000)	(410,000)	(34,000)
Principal payments on long-term debt	(15,468)	(11,750)	(30,051)
Proceeds received from senior credit facility		300,000
Debt issuance costs		(17,442)	(89)
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)	(360,383)
Payment on senior credit facility		(328,856)
Dividends to parent	(271,244)	(241,422)	(4,200)
Contributions from (to) parent	52,263	38,201	37,858
Cash flows used in financing activities	(199,449)	(252,021)	(206,865)
Net increase (decrease) in cash and cash equivalents	(5,734)	977	(29,144)
Cash and cash equivalents at beginning of period	10,689	9,712	38,856
Cash and cash equivalents at end of period	4,955	10,689	9,712
Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	537,763	526,987	476,822
Cash flows from investing activities:
Acquisitions	(145,865)	(65,021)	(92,248)
Capital expenditures	(106,126)	(104,976)	(101,242)
Proceeds from disposition of assets and investments	10,429	4,135	6,869
(Increase) decrease in notes receivable	(200)	4,452	(714)
Cash flows used in investing activities	(241,762)	(161,410)	(187,335)
Cash flows from financing activities:
Dividends to parent	(441,892)	(432,664)	(381,353)
Contributions from (to) parent	145,865	65,021	92,248
Cash flows used in financing activities	(296,027)	(367,643)	(289,105)
Net increase (decrease) in cash and cash equivalents	(26)	(2,066)	382
Cash and cash equivalents at beginning of period	480	2,546	2,164
Cash and cash equivalents at end of period	454	480	2,546
Non-Guarantor Subsidiaries [Member] | LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	9,434	5,214	3,547
Cash flows from investing activities:
Acquisitions	(8,012)
Capital expenditures	(4,299)	(2,597)	(4,408)
Cash flows used in investing activities	(12,311)	(2,597)	(4,408)
Cash flows from financing activities:
Principal payments on long-term debt			(3,000)
Payment on senior credit facility		(23,250)
Intercompany loan proceeds	717	17,034	8,264
Distributions to non-controlling interest	(1,130)	(1,094)
Contributions from (to) parent	8,012
Cash flows used in financing activities	7,599	(7,310)	5,264
Effect of exchange rate changes in cash and cash equivalents	(2,670)	(1,395)	(1,340)
Net increase (decrease) in cash and cash equivalents	2,052	(6,088)	3,063
Cash and cash equivalents at beginning of period	14,366	20,454	17,391
Cash and cash equivalents at end of period	16,418	14,366	20,454
Eliminations [Member] | LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(441,892)	(432,664)	(381,353)
Cash flows from investing activities:
Investment in subsidiaries	153,877	65,021	92,248
(Increase) decrease in intercompany notes receivable	717	17,034	8,264
Cash flows used in investing activities	154,594	82,055	100,512
Cash flows from financing activities:
Intercompany loan proceeds	(717)	(17,034)	(8,264)
Dividends to parent	441,892	432,664	381,353
Contributions from (to) parent	(153,877)	(65,021)	(92,248)
Cash flows used in financing activities	$ 287,298	$ 350,609	$ 280,841