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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2015	Nov. 01, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Trading Symbol	LAMR
Entity Registrant Name	LAMAR ADVERTISING CO/NEW
Entity Central Index Key	0001090425
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		81,987,031
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14,610,365
LAMAR MEDIA CORP [Member]
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	0000899045
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
LAMAR MEDIA CORP [Member] \| Class Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 29,078	$ 26,035
Receivables, net of allowance for doubtful accounts	187,700	169,610
Prepaid lease expenses	63,610	42,713
Deferred income tax assets	1,366	729
Other current assets	39,089	34,057
Total current assets	320,843	273,144
Property, plant and equipment	3,166,649	3,110,385
Less accumulated depreciation and amortization	(2,077,725)	(2,026,745)
Net property, plant and equipment	1,088,924	1,083,640
Goodwill	1,543,261	1,512,768
Intangible assets	397,191	366,985
Deferred financing costs, net of accumulated amortization	29,227	32,725
Deferred income tax assets		12,496
Other assets	36,954	37,060
Total assets	3,416,400	3,318,818
Current liabilities:
Trade accounts payable	16,637	16,368
Current maturities of long-term debt	19,380	15,625
Accrued expenses	96,849	108,790
Deferred income	99,377	84,558
Total current liabilities	232,243	225,341
Long-term debt	1,949,055	1,884,270
Asset retirement obligation	206,680	204,327
Deferred income tax liabilities	498
Other liabilities	22,064	23,414
Total liabilities	2,410,540	2,337,352
Stockholder's equity:
Additional paid-in capital	1,657,863	1,611,775
Accumulated comprehensive (loss) income	(462)	2,454
Accumulated deficit	(645,539)	(632,859)
Stockholder's equity	1,005,860	981,466
Cost of shares held in treasury, 104,836 and 0 shares at 2015 and 2014, respectively	(6,099)
Total liabilities and stockholder's equity	3,416,400	3,318,818
LAMAR MEDIA CORP [Member]
Current assets:
Cash and cash equivalents	28,578	25,535
Receivables, net of allowance for doubtful accounts	187,700	169,610
Prepaid lease expenses	63,610	42,713
Deferred income tax assets	1,366	729
Other current assets	39,089	34,057
Total current assets	320,343	272,644
Property, plant and equipment	3,166,649	3,110,385
Less accumulated depreciation and amortization	(2,077,725)	(2,026,745)
Net property, plant and equipment	1,088,924	1,083,640
Goodwill	1,533,109	1,502,616
Intangible assets	396,723	366,518
Deferred financing costs, net of accumulated amortization	27,273	30,771
Deferred income tax assets		12,496
Other assets	31,669	31,775
Total assets	3,398,041	3,300,460
Current liabilities:
Trade accounts payable	16,637	16,368
Current maturities of long-term debt	19,380	15,625
Accrued expenses	92,538	105,007
Deferred income	99,377	84,558
Total current liabilities	227,932	221,558
Long-term debt	1,949,055	1,884,270
Asset retirement obligation	206,680	204,327
Deferred income tax liabilities	498
Other liabilities	22,064	23,414
Total liabilities	2,406,229	2,333,569
Stockholder's equity:
Additional paid-in capital	2,728,304	2,682,216
Accumulated comprehensive (loss) income	(462)	2,454
Accumulated deficit	(1,736,030)	(1,717,779)
Stockholder's equity	991,812	966,891
Total liabilities and stockholder's equity	3,398,041	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 Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 9,515	$ 7,957
Accumulated amortization	$ 18,262	$ 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	82,089,267	80,933,071
Common stock, shares outstanding	81,984,431	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	$ 9,515	$ 7,957
Accumulated amortization	$ 8,974	$ 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

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenues	$ 350,701	$ 334,998	$ 997,427	$ 950,364
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	121,676	112,388	350,859	338,173
General and administrative expenses (exclusive of depreciation and amortization)	59,489	58,181	179,424	171,912
Corporate expenses (exclusive of depreciation and amortization)	16,654	16,505	51,734	48,824
Depreciation and amortization	46,441	62,675	144,396	203,250
Gain on disposition of assets	(5,203)	(775)	(7,230)	(2,001)
Total Operating Expenses	239,057	248,974	719,183	760,158
Operating income	111,644	86,024	278,244	190,206
Other expense (income)
Loss on extinguishment of debt				26,023
Other-than-temporary impairment of investment				4,069
Interest income	(2)	(11)	(28)	(99)
Interest expense	24,709	24,418	73,953	80,772
Non-operating (Income) Expenses	24,707	24,407	73,925	110,765
Income before income tax expense	86,937	61,617	204,319	79,441
Income tax expense	972	26,567	18,278	33,806
Net income	85,965	35,050	186,041	45,635
Cash dividends declared and paid on preferred stock	91	91	273	273
Net income applicable to common stock	$ 85,874	$ 34,959	$ 185,768	$ 45,362
Earnings per share:
Basic and diluted earnings per share	$ 0.89	$ 0.37	$ 1.93	$ 0.48
Cash dividends declared per share of common stock	$ 0.69	$ 0.83	$ 2.06	$ 1.66
Weighted average common shares outstanding	96,541,766	95,330,141	96,220,306	95,138,504
Incremental common shares from dilutive stock options	60,663	423,381	64,176	409,594
Weighted average common shares diluted	96,602,429	95,753,522	96,284,482	95,548,098
Statements of Comprehensive Income
Net income	$ 85,965	$ 35,050	$ 186,041	$ 45,635
Other comprehensive loss
Foreign currency translation adjustments	(1,713)	(800)	(2,916)	(515)
Comprehensive income	84,252	34,250	183,125	45,120
LAMAR MEDIA CORP [Member]
Net revenues	350,701	334,998	997,427	950,364
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	121,676	112,388	350,859	338,173
General and administrative expenses (exclusive of depreciation and amortization)	59,489	58,181	179,424	171,912
Corporate expenses (exclusive of depreciation and amortization)	16,576	16,433	51,479	48,557
Depreciation and amortization	46,441	62,675	144,396	203,250
Gain on disposition of assets	(5,203)	(775)	(7,230)	(2,001)
Total Operating Expenses	238,979	248,902	718,928	759,891
Operating income	111,722	86,096	278,499	190,473
Other expense (income)
Loss on extinguishment of debt				26,023
Other-than-temporary impairment of investment				4,069
Interest income	(2)	(11)	(28)	(99)
Interest expense	24,709	24,418	73,953	80,772
Non-operating (Income) Expenses	24,707	24,407	73,925	110,765
Income before income tax expense	87,015	61,689	204,574	79,708
Income tax expense	972	26,586	18,278	33,903
Net income	86,043	35,103	186,296	45,805
Statements of Comprehensive Income
Net income	86,043	35,103	186,296	45,805
Other comprehensive loss
Foreign currency translation adjustments	(1,713)	(800)	(2,916)	(515)
Comprehensive income	$ 84,330	$ 34,303	$ 183,380	$ 45,290

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 186,041	$ 45,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	144,396	203,250
Stock-based compensation	17,508	15,987
Amortization included in interest expense	3,498	3,623
Gain on disposition of assets and investments	(7,230)	(2,001)
Other-than-temporary impairment of investment		4,069
Loss on extinguishment of debt		26,023
Deferred tax expense	9,572	25,042
Provision for doubtful accounts	4,845	4,457
(Increase) decrease in:
Receivables	(20,645)	(23,218)
Prepaid lease expenses	(19,758)	(18,366)
Other assets	(4,494)	199
(Decrease) increase in:
Trade accounts payable	(1,327)	2,695
Accrued expenses	(7,457)	(3,048)
Other liabilities	8,521	18,857
Net cash provided by operating activities	313,470	303,204
Cash flows from investing activities:
Acquisitions	(123,291)	(54,138)
Capital expenditures	(80,764)	(83,876)
Proceeds from disposition of assets and investments	8,369	2,623
(Increase) decrease of notes receivable	(28)	4,455
Net cash used in investing activities	(195,714)	(130,936)
Cash flows from financing activities:
Debt issuance costs		(17,362)
Cash used for purchase of treasury stock	(6,099)	(2,987)
Net proceeds from issuance of common stock	24,633	16,382
Principal payments on long term debt	(11,265)	(7,571)
Payment on revolving credit facility	(155,200)	(308,000)
Proceeds received from revolving credit facility	235,000	260,000
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)
Proceeds received from senior credit facility		300,000
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,025)	(914)
Dividends/distributions	(198,721)	(158,476)
Net cash used in financing activities	(112,677)	(176,786)
Effect of exchange rate changes in cash and cash equivalents	(2,036)	(737)
Net increase (decrease) in cash and cash equivalents	3,043	(5,255)
Cash and cash equivalents at beginning of period	26,035	33,212
Cash and cash equivalents at end of period	29,078	27,957
Supplemental disclosures of cash flow information:
Cash paid for interest	77,934	78,775
Cash paid for foreign, state and federal income taxes	9,412	9,860
LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net income	186,296	45,805
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	144,396	203,250
Stock-based compensation	17,508	15,987
Amortization included in interest expense	3,498	3,623
Gain on disposition of assets and investments	(7,230)	(2,001)
Other-than-temporary impairment of investment		4,069
Loss on extinguishment of debt		26,023
Deferred tax expense	9,572	25,139
Provision for doubtful accounts	4,845	4,457
(Increase) decrease in:
Receivables	(20,645)	(23,218)
Prepaid lease expenses	(19,758)	(18,366)
Other assets	(4,494)	199
(Decrease) increase in:
Trade accounts payable	(1,327)	2,695
Accrued expenses	(7,457)	(3,048)
Other liabilities	(13,462)	4,089
Net cash provided by operating activities	291,742	288,703
Cash flows from investing activities:
Acquisitions	(123,291)	(54,138)
Capital expenditures	(80,764)	(83,876)
Proceeds from disposition of assets and investments	8,369	2,623
(Increase) decrease of notes receivable	(28)	4,455
Net cash used in investing activities	(195,714)	(130,936)
Cash flows from financing activities:
Debt issuance costs		(17,362)
Principal payments on long term debt	(11,265)	(7,571)
Payment on revolving credit facility	(155,200)	(308,000)
Proceeds received from revolving credit facility	235,000	260,000
Proceeds received from note offering		510,000
Payment on senior subordinated notes		(415,752)
Proceeds received from senior credit facility		300,000
Payment on senior credit facility		(352,106)
Distributions to non-controlling interest	(1,025)	(914)
Contributions from parent	46,088	30,609
Dividend to parent	(204,547)	(161,189)
Net cash used in financing activities	(90,949)	(162,285)
Effect of exchange rate changes in cash and cash equivalents	(2,036)	(737)
Net increase (decrease) in cash and cash equivalents	3,043	(5,255)
Cash and cash equivalents at beginning of period	25,535	32,712
Cash and cash equivalents at end of period	28,578	27,457
Supplemental disclosures of cash flow information:
Cash paid for interest	77,934	78,775
Cash paid for foreign, state and federal income taxes	$ 9,412	$ 9,860

Significant Accounting Policies	9 Months Ended
Significant Accounting Policies	Sep. 30, 2015
Significant Accounting Policies	1. Significant Accounting Policies The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and the notes thereto included in the 2014 Combined Form 10-K. Subsequent events, if any, are evaluated through the date on which the financial statements are issued.
LAMAR MEDIA CORP [Member]
Significant Accounting Policies	1. Significant Accounting Policies The information included in the foregoing interim condensed consolidated financial statements is unaudited. In the opinion of management all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of Lamar Media’s financial position and results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. These interim condensed consolidated financial statements should be read in conjunction with Lamar Media’s consolidated financial statements and the notes thereto included in the 2014 Combined Form 10-K. Certain notes are not provided for the accompanying condensed consolidated financial statements as the information in notes 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 13 and 14 to the condensed consolidated financial statements of Lamar Advertising included elsewhere in this report is substantially equivalent to that required for the condensed consolidated financial statements of Lamar Media. Earnings per share data is not provided for Lamar Media, as it is a wholly owned subsidiary of the Company.

Stock-Based Compensation

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

2. Stock-Based Compensation

Equity Incentive Plan. Lamar Advertising’s 1996 Equity Incentive Plan, as amended, (the “Incentive Plan”) has reserved 15.5 million shares of Class A common stock for issuance to directors and employees, including shares underlying granted options and common stock reserved for issuance under its performance-based incentive program. Options granted under the plan expire ten years from the grant date with vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date. All grants are made at fair market value based on the closing price of our Class A common stock as reported on the NASDAQ Global Select Market on the date of grant.

We use a Black-Scholes-Merton option pricing model to estimate the fair value of share-based awards. The Black-Scholes-Merton option pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. The Company granted options for an aggregate of 23,000 shares of its Class A common stock during the nine months ended September 30, 2015. At September 30, 2015 a total of 2,457,689 shares were available for future grants under the Incentive Plan.

Stock Purchase Plan. In 2009 our Board of Directors adopted a new employee stock purchase plan, the 2009 Employee Stock Purchase Plan or 2009 ESPP, which was approved by our shareholders on May 28, 2009. The 2009 ESPP reserved 588,154 shares of Class A common stock for issuance to our employees, which included 88,154 shares of Class A common stock that had been available for issuance under our 2000 Employee Stock Purchase Plan or 2000 ESPP. The 2000 ESPP was terminated following the issuance of all shares that were subject to the offer that commenced under the 2000 ESPP on January 1, 2009 and ended June 30, 2009. The terms of the 2009 ESPP are substantially the same as the 2000 ESPP.

The number of shares of Class A common stock available under the 2009 ESPP was automatically increased by 80,932 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 nine months ended September 30, 2015:


	Shares
Available for future purchases, January 1, 2015		307,448
Additional shares reserved under 2009 ESPP		80,932
Purchases		(83,174	)

Available for future purchases, September 30, 2015		305,206

Performance-based compensation. Unrestricted shares of our Class A common stock may be awarded to key officers, employees and directors under our Incentive Plan. The number of shares to be issued, if any, will be dependent on the level of achievement of performance measures for key officers and employees, as determined by the Company’s Compensation Committee based on our 2015 results. Any shares issued based on the achievement of performance goals will be issued in the first quarter of 2016. The shares subject to these awards can range from a minimum of 0% to a maximum of 100% of the target number of shares depending on the level at which the goals are attained. For the nine months ended September 30, 2015, the Company has recorded $10,133 as non-cash compensation expense related to performance-based awards. In addition, each non-employee director automatically receives upon election or re-election a restricted stock award of our Class A common stock. The awards vest 50% on grant date and 50% on the last day of the directors’ one year term. The Company recorded a $221 non-cash compensation expense related to these awards for the nine months ended September 30, 2015.

Acquisitions

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Acquisitions

3. Acquisitions

During the nine months ended September 30, 2015, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $127,965, of which $123,291 was in cash and $4,674 was in non-cash consideration consisting principally of exchanges of outdoor advertising assets. As a result of these acquisitions, a gain of $4,326 was recorded during the nine months ended September 30, 2015 related to the transactions that involved the exchange of outdoor advertising assets.

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 preliminary fair market value estimates at the dates of acquisition. The allocations are pending final determination of the fair value of certain assets and liabilities. The following is a summary of the preliminary allocation of the acquisition costs in the above transactions.


	September 30, 2015
Property, plant and equipment	$	19,705
Goodwill		30,863
Site locations		68,402
Non-competition agreements		360
Customer lists and contracts		12,220
Current assets		5,478
Current liabilities		(6,530	)
Other liabilities		(2,533	)

	$	127,965

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Depreciation and Amortization

9 Months Ended

Sep. 30, 2015

Text Block [Abstract]

Depreciation and Amortization

4. Depreciation and Amortization

The Company includes all categories of depreciation and amortization on a separate line in its Statements of Operations and Comprehensive Income. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Operations and Comprehensive Income are:


	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Direct advertising expenses	$	42,764	$	58,562	$	132,655	$	191,100
General and administrative expenses		738		1,082		2,294		3,183
Corporate expenses		2,939		3,031		9,447		8,967

	$	46,441	$	62,675	$	144,396	$	203,250

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 $8,316 and $11,089 for the nine months ended September 30, 2015 and the year to end December 31, 2015, respectively.

Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

The following is a summary of intangible assets at September 30, 2015 and December 31, 2014:


	Estimated		September 30, 2015				December 31, 2014
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer lists and contracts		7—10	$	511,219	$	475,150	$	499,310	$	470,170
Non-competition agreements		3—15		64,411		63,388		64,062		63,192
Site locations		15		1,597,330		1,237,720		1,531,161		1,194,709
Other		5—15		14,008		13,519		14,008		13,485

			$	2,186,968	$	1,789,777	$	2,108,541	$	1,741,556
Unamortizable intangible assets:
Goodwill			$	1,796,797	$	253,536	$	1,766,304	$	253,536

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Asset Retirement Obligations

9 Months Ended

Sep. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

6. Asset Retirement Obligations

The Company’s asset retirement obligations include the costs associated with the removal of its structures, resurfacing of the land and retirement cost, if applicable, related to the Company’s outdoor advertising portfolio. The following table reflects information related to our asset retirement obligations:


Balance at December 31, 2014	$	204,327
Additions to asset retirement obligations		1,335
Accretion expense		3,630
Liabilities settled		(2,612	)

Balance at September 30, 2015	$	206,680

Summarized Financial Information of Subsidiaries	9 Months Ended
Summarized Financial Information of Subsidiaries	Sep. 30, 2015
Text Block [Abstract]
Summarized Financial Information of Subsidiaries	7. Summarized Financial Information of Subsidiaries Separate financial statements of each of the Company’s direct or indirect wholly owned subsidiaries that have guaranteed Lamar Media’s obligations with respect to its publicly issued notes (collectively, the “Guarantors”) are not included herein because the Company has no independent assets or operations, the guarantees are full and unconditional and joint and several and the only subsidiaries that are not guarantors are in the aggregate minor. Lamar Media’s ability to make distributions to Lamar Advertising is restricted under both the terms of the indentures relating to Lamar Media’s outstanding notes and by the terms of its senior credit facility. As of September 30, 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 $2,423,997 and $2,269,393, respectively. As of September 30, 2015, transfers to Lamar Advertising are permitted under Lamar Media’s senior credit facility and as defined therein, unless, after giving effect to 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 September 30, 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 September 30, 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.

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	8. Earnings Per Share The calculation of basic earnings per share excludes any dilutive effect of stock options, while diluted earnings per share includes the dilutive effect of stock options. There were no dilutive shares excluded from this calculation resulting from their anti-dilutive effect for the three and nine months ended September 30, 2015 or 2014.

Long-term Debt

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Long-term Debt

9. Long-term Debt

Long-term debt consists of the following at September 30, 2015 and December 31, 2014:


	September 30, 2015			December 31, 2014
Senior Credit Facility	$	422,300		$	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		1,135			1,145

		1,968,435			1,899,895
Less current maturities		(19,380	)		(15,625	)

Long-term debt, excluding current maturities	$	1,949,055		$	1,884,270

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.

Lamar Media may redeem up to 35% of the aggregate principal amount of the 5 7/8% Notes, at any time and from time to time, at a price equal to 105.875% 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, 2015, provided that following the redemption, at least 65% of the 5 7/8% Notes that were originally issued remain outstanding. 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.

Lamar Media may redeem up to 35% of the aggregate principal amount of the 5% Notes, at any time and from time to time, at a price equal to 105% 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 November 1, 2015, provided that following the redemption, at least 65% of the 5% Notes that were originally issued remain outstanding. 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 Notes at a price equal to 101% of the principal amount of the 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 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. 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 Second Amended and Restated Credit Agreement, as amended, 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, the $300,000 Term A loan facility and a $500,000 incremental facility. Lamar Media is the borrower under the senior credit facility. Lamar Media 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. Lamar Media’s lenders have no obligation to make additional loans to it, or any designated subsidiary borrower, under the incremental facility, but may enter into such commitments in their sole discretion.

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
December 31, 2015-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 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 2.0%; (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 revolving credit facility bears 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 1.25% (or the Adjusted Base Rate plus 1.0% at any time the total debt ratio is less than or equal to 4.25 to 1, or the Adjusted Base Rate plus 0.75% at any time the Total Debt Ratio is less than or equal to 3.00 to 1). The guarantees, covenants, events of default and other terms of the senior credit facility apply to the Term A Loans and revolving credit facility.

As of September 30, 2015, there was $144,800 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 in letters of credit outstanding as of September 30, 2015 resulting in $246,285 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 senior credit agreement provisions during the periods presented.

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	10. Fair Value of Financial Instruments At September 30, 2015 and December 31, 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. Investment contracts are reported at fair values. Fair values for investments held at cost are not readily available, but are estimated to approximate fair value. The estimated fair value of the Company’s long term debt (including current maturities) was $1,982,207 which exceeded both the gross and carrying amount of $1,968,435 as of September 30, 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).

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2015
Text Block [Abstract]
New Accounting Pronouncements	11. New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in Generally Accepted Accounting Principles in the United States when it becomes effective. In August 2015, the FASB issued ASU No. 2015-14 deferring the effective date from January 1, 2017 to January 1, 2018, while allowing for early adoption as of January 1, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In April 2015, the FASB issued Accounting Standards Update (“ASU”) No. 2015-03, Interest – Imputation of interest: Simplifying the Presentation of Debt Issuance Costs. The pronouncement requires reporting entities to present debt issuance costs related to a note as a direct deduction from the face amount of that note presented in the balance sheet. The pronouncement is effective for fiscal years and for interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. A reporting entity may apply the amendments in the ASU retrospectively to all prior periods. The Company does not expect that the adoption of this pronouncement will have a material impact on the consolidated financial statements.

Dividends/Distributions	9 Months Ended
Dividends/Distributions	Sep. 30, 2015
Equity [Abstract]
Dividends/Distributions	12. Dividends/Distributions During the three and nine months ended September 30, 2015, the Company declared and paid cash distributions of its REIT taxable income of an aggregate of $66,634 and $198,448 or $0.69 and $2.06 per share, respectively. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company’s control, including financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in our existing and future debt instruments, the Company’s ability to utilize net operating losses to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its taxable REIT subsidiaries (TRSs) and other factors that the Board of Directors may deem relevant. During the three and nine months ended September 30, 2015, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate of $91 and $273, or $15.95 and $47.85 per share, respectively.

Information about Geographic Areas	9 Months Ended
Information about Geographic Areas	Sep. 30, 2015
Segment Reporting [Abstract]
Information about Geographic Areas	13. Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $8,830 and $8,208 for the three months ended September 30, 2015 and 2014, respectively, and $24,089 and $24,314 for the nine months ended September 30, 2015 and 2014, respectively. Net carrying value of long lived assets located in foreign countries totaled $5,968 and $7,324 for the periods ended September 30, 2015 and December 31, 2014, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 40
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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes During the three and nine months ended September 30, 2015 the Company recorded a non-cash valuation allowance of $422 and $13,522, respectively, related to the net operating losses on its Puerto Rico operations. The valuation allowance was necessary due to a tax law change in Puerto Rico enacted on May 29, 2015 that limits our ability to use these net operating losses prior to their expiration.

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of ESPP Share Activity

The following is a summary of 2009 ESPP share activity for the nine months ended September 30, 2015:


	Shares
Available for future purchases, January 1, 2015		307,448
Additional shares reserved under 2009 ESPP		80,932
Purchases		(83,174	)

Available for future purchases, September 30, 2015		305,206

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Summary of Allocation of Acquisition Costs

The following is a summary of the preliminary allocation of the acquisition costs in the above transactions.


	September 30, 2015
Property, plant and equipment	$	19,705
Goodwill		30,863
Site locations		68,402
Non-competition agreements		360
Customer lists and contracts		12,220
Current assets		5,478
Current liabilities		(6,530	)
Other liabilities		(2,533	)

	$	127,965

Depreciation and Amortization (Tables)

9 Months Ended

Sep. 30, 2015

Text Block [Abstract]

Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Operations and Comprehensive Income

The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Operations and Comprehensive Income are:


	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Direct advertising expenses	$	42,764	$	58,562	$	132,655	$	191,100
General and administrative expenses		738		1,082		2,294		3,183
Corporate expenses		2,939		3,031		9,447		8,967

	$	46,441	$	62,675	$	144,396	$	203,250

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following is a summary of intangible assets at September 30, 2015 and December 31, 2014:


	Estimated		September 30, 2015				December 31, 2014
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer lists and contracts		7—10	$	511,219	$	475,150	$	499,310	$	470,170
Non-competition agreements		3—15		64,411		63,388		64,062		63,192
Site locations		15		1,597,330		1,237,720		1,531,161		1,194,709
Other		5—15		14,008		13,519		14,008		13,485

			$	2,186,968	$	1,789,777	$	2,108,541	$	1,741,556
Unamortizable intangible assets:
Goodwill			$	1,796,797	$	253,536	$	1,766,304	$	253,536

Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

The following table reflects information related to our asset retirement obligations:


Balance at December 31, 2014	$	204,327
Additions to asset retirement obligations		1,335
Accretion expense		3,630
Liabilities settled		(2,612	)

Balance at September 30, 2015	$	206,680

Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following at September 30, 2015 and December 31, 2014:


	September 30, 2015			December 31, 2014
Senior Credit Facility	$	422,300		$	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		1,135			1,145

		1,968,435			1,899,895
Less current maturities		(19,380	)		(15,625	)

Long-term debt, excluding current maturities	$	1,949,055		$	1,884,270

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
December 31, 2015-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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting terms	Vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Non cash compensation expense	$ 17,508	$ 15,987
1996 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant under Incentive Plan	2,457,689
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
Term of director	1 year
Restricted Stock [Member] \| Percentage of awards vesting on grant date [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting on grant date	50.00%
Restricted Stock [Member] \| Percentage of Awards Vesting On Last Day of Directors Term [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting on grant date	50.00%
2009 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant under Incentive Plan	305,206		307,448
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The Company granted options for an aggregate shares of its Class A common stock	23,000
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] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non cash compensation expense	$ 221
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	80,932
Performance Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non cash compensation expense	$ 10,133
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-Based Compensation - Summary of Espp Share Activity (Detail) - 2009 Employee Stock Purchase Plan [Member]	9 Months Ended
	Sep. 30, 2015 shares
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	80,932
Purchases	(83,174)
Available for future purchases, September 30, 2015	305,206

Acquisitions - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Business Combinations [Abstract]
Total purchase price of outdoor advertising assets	$ 127,965
Total purchase price of outdoor advertising assets paid in cash	123,291
Non cash consideration of outdoor advertising assets	4,674
Gain on exchange of outdoor advertising assets	$ 4,326

Acquisitions - Summary of Allocation of Acquisition Costs (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Business Acquisition [Line Items]
Property, plant and equipment	$ 19,705
Goodwill	30,863
Current assets	5,478
Current liabilities	(6,530)
Other liabilities	(2,533)
Total	127,965
Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	68,402
Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	360
Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 12,220

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 46,441	$ 62,675	$ 144,396	$ 203,250
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	42,764	58,562	132,655	191,100
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	738	1,082	2,294	3,183
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 2,939	$ 3,031	$ 9,447	$ 8,967

Depreciation and Amortization - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Depreciation and Amortization Expense [Line Items]
Increase in net income and operating income due to depreciation adjustment	$ 8,316
Scenario, Forecast [Member]
Depreciation and Amortization Expense [Line Items]
Increase in net income and operating income due to depreciation adjustment		$ 11,089

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,186,968	$ 2,108,541
Accumulated Amortization	1,789,777	1,741,556
Goodwill gross carrying amount	1,796,797	1,766,304
Goodwill accumulated amortization	253,536	253,536
Customer Lists and Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	511,219	499,310
Accumulated Amortization	$ 475,150	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] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Non-competition Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64,411	64,062
Accumulated Amortization	$ 63,388	63,192
Non-competition Agreements [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,597,330	1,531,161
Accumulated Amortization	$ 1,237,720	1,194,709
Site Locations [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 14,008	14,008
Accumulated Amortization	$ 13,519	$ 13,485
Other [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	5 years
Other [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

Asset Retirement Obligations - Information Related to Asset Retirement Obligations (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 204,327
Additions to asset retirement obligations	1,335
Accretion expense	3,630
Liabilities settled	(2,612)
Ending Balance	$ 206,680

Summarized Financial Information of Subsidiaries - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 2,423,997	$ 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

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
The number of dilutive shares excluded from calculation of basic earnings per share resulting from the anti-dilutive effect for stock options	0	0	0	0

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long Term Debt	$ 1,968,435	$ 1,899,895
Less current maturities	(19,380)	(15,625)
Long-term debt, excluding current maturities	1,949,055	1,884,270
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Long Term Debt	422,300	353,750
5 7/8% Senior Subordinated Notes [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 3/8% Senior Notes [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	$ 1,135	$ 1,145

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Sep. 30, 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%

Long-term Debt - Additional Information (Detail)					9 Months Ended
Long-term Debt - Additional Information (Detail)	Apr. 18, 2014 USD ($)	Jan. 10, 2014 USD ($)	Oct. 30, 2012 USD ($)	Feb. 09, 2012 USD ($)	Sep. 30, 2015 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount of debt issued					$ 1,968,435,000
Amended and restated date	Apr. 18, 2014
Remaining borrowing capacity under revolving credit facility					246,285,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Outstanding revolving credit facility					144,800,000
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	2.00%
Ratio of indebtedness to net capital minimum	1
Ratio of indebtedness to net capital one	3.00
Term A Loan 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	3.00
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%
Term A Loan Facility [Member] \| Debt Ratio Less Than or Equal to Three [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.75%
Revolving Credit 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	3.00
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	1.25%
Ratio of indebtedness to net capital minimum	1
Ratio of indebtedness to net capital one	3.00
Revolving Credit Facility [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Revolving credit facility maturity date					Feb. 02, 2019
Revolving Credit 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] \| Debt Ratio Less Than or Equal to Three [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate	0.75%
Revolving Credit 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
Revolving Credit Facility [Member] \| Debt Ratio Less Than or Equal to Four Point Two Five [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	4.25
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 of aggregate principal amount of senior notes				35.00%
Additional redeemed percentage of aggregate principal amount				105.875%
Redemption percentage of issued notes which remain outstanding				65.00%
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]
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 of aggregate principal amount of senior notes			35.00%
Additional redeemed percentage of aggregate principal amount			105.00%
Redemption percentage of issued notes which remain outstanding			65.00%
Redemption percentage equal to principal amount include aggregate premium			100.00%
Redemption price percentage of the principal amount to be purchased			101.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes		5.375%			5.375%
Aggregate principal amount of debt issued		$ 510,000,000
Net proceeds from the issuance of debt		$ 502,300,000
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%
Redemption percentage equal to principal amount include aggregate premium		100.00%
Redemption price percentage of the principal amount to be purchased		101.00%
Debt instrument redemption period		120 days
Incremental Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 500,000,000
Senior Credit Facility [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility	$ 400,000,000

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($)
December 31, 2015- 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 Maturities of Long Term Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2015
December 31, 2015- March 31, 2016 [Member]
Debt Instrument [Line Items]
Principal payment date	Dec. NaN, 2015
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

Fair Value of Financial Instruments - Additional Information (Detail) $ in Thousands	Sep. 30, 2015 USD ($)
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 1,982,207
Gross amount of company's long term debt	1,968,435
Carrying amount of company's long term debt	$ 1,968,435

Dividends/Distributions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Dividends [Line Items]
Distribution paid, preferred stockholders	$ 91	$ 91	$ 273	$ 273
Distribution paid, preferred stockholders, per share	$ 15.95		$ 47.85
Taxable Income Distribution [Member]
Dividends [Line Items]
Cash distributions paid	$ 66,634		$ 198,448
Cash distributions paid, per share	$ 0.69		$ 2.06

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 5,968		$ 5,968		$ 7,324
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 8,830	$ 8,208	$ 24,089	$ 24,314

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Puerto Rico [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Valuation Allowance	$ 422	$ 13,522