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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2016	Feb. 01, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Trading Symbol	LAMR
Entity Registrant Name	LAMAR ADVERTISING CO/NEW
Entity Central Index Key	0001090425
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 5,447,202,165
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		82,823,978
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-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	0000899045
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
LAMAR MEDIA CORP [Member] \| Class Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 35,530	$ 22,327
Receivables, net of allowance for doubtful accounts	189,935	174,398
Prepaid lease expenses	48,815	44,437
Deferred income tax assets	1,582	1,352
Other current assets	39,973	39,218
Total current assets	315,835	281,732
Property, plant and equipment	3,294,251	3,139,239
Less accumulated depreciation and amortization	(2,111,536)	(2,044,102)
Net property, plant and equipment	1,182,715	1,095,137
Goodwill	1,726,358	1,546,594
Intangible assets, net	637,153	402,886
Other assets	38,405	37,395
Total assets	3,900,466	3,363,744
Current liabilities:
Trade accounts payable	17,653	17,452
Current maturities of long-term debt, net of deferred financing costs	33,916	16,509
Accrued expenses	134,433	115,208
Deferred income	91,322	87,661
Total current liabilities	277,324	236,830
Long-term debt, net of deferred financing costs	2,315,267	1,874,941
Deferred income tax liabilities	1,861	2,052
Asset retirement obligation	210,889	206,234
Other liabilities	25,597	22,628
Total liabilities	2,830,938	2,342,685
Stockholders’ equity :
Additional paid-in-capital	1,713,312	1,664,038
Accumulated comprehensive loss	(624)	(1,178)
Accumulated deficit	(630,955)	(635,799)
Cost of shares held in treasury, 216,088 and 104,836 shares in 2016 and 2015, respectively	(12,303)	(6,099)
Stockholders’ equity	1,069,528	1,021,059
Total liabilities and stockholders’ equity	3,900,466	3,363,744
LAMAR MEDIA CORP [Member]
Current assets:
Cash and cash equivalents	35,030	21,827
Receivables, net of allowance for doubtful accounts	189,935	174,398
Prepaid lease expenses	48,815	44,437
Deferred income tax assets	1,582	1,352
Other current assets	39,973	39,218
Total current assets	315,335	281,232
Property, plant and equipment	3,294,251	3,139,239
Less accumulated depreciation and amortization	(2,111,536)	(2,044,102)
Net property, plant and equipment	1,182,715	1,095,137
Goodwill	1,716,207	1,536,443
Intangible assets, net	636,685	402,418
Other assets	33,120	32,110
Total assets	3,884,062	3,347,340
Current liabilities:
Trade accounts payable	17,653	17,452
Current maturities of long-term debt, net of deferred financing costs	33,916	16,509
Accrued expenses	131,171	110,728
Deferred income	91,322	87,661
Total current liabilities	274,062	232,350
Long-term debt, net of deferred financing costs	2,315,267	1,876,895
Deferred income tax liabilities	1,861	2,052
Asset retirement obligation	210,889	206,234
Other liabilities	25,597	22,628
Total liabilities	2,827,676	2,340,159
Stockholders’ equity :
Additional paid-in-capital	2,783,753	2,734,479
Accumulated comprehensive loss	(624)	(1,178)
Accumulated deficit	(1,726,743)	(1,726,120)
Stockholders’ equity	1,056,386	1,007,181
Total liabilities and stockholders’ equity	3,884,062	3,347,340
Series AA Preferred Stock [Member]
Stockholders’ equity :
Preferred stock, value
Common Class A [Member]
Stockholders’ equity :
Common stock, value	83	82
Common Class B [Member]
Stockholders’ equity :
Common stock, value	$ 15	$ 15

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Allowance for doubtful accounts	$ 9,356	$ 8,984
Current deferred financing costs	5,459	4,823
Noncurrent deferred financing costs	$ 23,510	$ 23,211
Shares held in treasury	216,088	104,836
LAMAR MEDIA CORP [Member]
Allowance for doubtful accounts	$ 9,356	$ 8,984
Current deferred financing costs	5,459	4,823
Noncurrent deferred financing costs	$ 23,510	$ 21,257
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100
Series AA Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative dividends	$ 63.80	$ 63.80
Preferred stock, shares authorized	5,720	5,720
Preferred stock, shares issued	5,720	5,720
Preferred stock, shares outstanding	5,720	5,720
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	362,500,000	362,500,000
Common stock, shares issued	83,038,831	82,188,372
Common stock, shares outstanding	82,822,743	82,083,536
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

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net revenues	$ 1,500,294	$ 1,353,396	$ 1,287,060
Operating expenses (income):
Direct advertising expenses (exclusive of depreciation and amortization)	525,597	473,760	453,269
General and administrative expenses (exclusive of depreciation and amortization)	269,423	242,182	230,800
Corporate expenses (exclusive of depreciation and amortization)	76,366	71,759	69,078
Depreciation and amortization	204,958	191,433	258,435
(Gain) loss on disposition of assets	(15,095)	(8,765)	(3,192)
Total Operating Expenses	1,061,249	970,369	1,008,390
Operating income	439,045	383,027	278,670
Other expense (income):
Loss on extinguishment of debt	3,198		26,023
Other-than-temporary impairment of investment			4,069
Interest income	(6)	(34)	(102)
Interest expense	123,688	98,433	105,254
Non-operating (Income) Expenses	126,880	98,399	135,244
Income before income tax expense	312,165	284,628	143,426
Income tax expense (benefit)	13,356	22,058	(110,092)
Net income	298,809	262,570	253,518
Preferred stock dividends	365	365	365
Net income applicable to common stock	$ 298,444	$ 262,205	$ 253,153
Earnings per share:
Basic earnings per share	$ 3.07	$ 2.72	$ 2.66
Diluted earnings per share	3.05	2.72	2.66
Cash dividends declared per share of common stock	$ 3.02	$ 2.75	$ 2.50
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	97,129,614	96,321,578	95,218,083
Weighted average common shares outstanding diluted	97,693,424	96,375,130	95,284,126
Statements of Comprehensive Income
Net income	$ 298,809	$ 262,570	$ 253,518
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	554	(3,632)	(1,413)
Comprehensive income	299,363	258,938	252,105
Income before income tax expense	312,165	284,628	143,426
LAMAR MEDIA CORP [Member]
Net revenues	1,500,294	1,353,396	1,287,060
Operating expenses (income):
Direct advertising expenses (exclusive of depreciation and amortization)	525,597	473,760	453,269
General and administrative expenses (exclusive of depreciation and amortization)	269,423	242,182	230,800
Corporate expenses (exclusive of depreciation and amortization)	75,994	71,426	68,733
Depreciation and amortization	204,958	191,433	258,435
(Gain) loss on disposition of assets	(15,095)	(8,765)	(3,192)
Total Operating Expenses	1,060,877	970,036	1,008,045
Operating income	439,417	383,360	279,015
Other expense (income):
Loss on extinguishment of debt	3,198		26,023
Other-than-temporary impairment of investment			4,069
Interest income	(6)	(34)	(102)
Interest expense	123,688	98,433	105,254
Non-operating (Income) Expenses	126,880	98,399	135,244
Income before income tax expense	312,537	284,961	143,771
Income tax expense (benefit)	13,356	22,058	(143,264)
Net income	299,181	262,903	287,035
Statements of Comprehensive Income
Net income	299,181	262,903	287,035
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	554	(3,632)	(1,413)
Comprehensive income	299,735	259,271	285,622
Income before income tax expense	$ 312,537	$ 284,961	$ 143,771

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	LAMAR MEDIA CORP [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] LAMAR MEDIA CORP [Member]	Accumulated Comprehensive Income (Loss) [Member]	Accumulated Comprehensive Income (Loss) [Member] LAMAR MEDIA CORP [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member] LAMAR MEDIA CORP [Member]
Beginning Balance at Dec. 31, 2013	$ 932,946	$ 884,490	$ 97	$ 15	$ (893,831)	$ 2,470,375	$ 2,644,015	$ 3,867	$ 3,867	$ (647,577)	$ (1,763,392)
Non-cash compensation	17,600					17,600
Contribution from parent		38,201					38,201
Exercise of stock options	16,247		1			16,246
Foreign currency translations		(1,413)							(1,413)
Issuance of shares of common stock through employee purchase plan	4,368					4,368
Tax benefit (shortfall) related to options exercised	(13)					(13)
Purchase of treasury stock	(2,987)				(2,987)
Retirement of shares of treasury stock			(17)		896,818	(896,801)
Foreign currency translation	(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	81	15		1,611,775	2,682,216	2,454	2,454	(632,859)	(1,717,779)
Non-cash compensation	23,883					23,883
Contribution from parent		52,263					52,263
Exercise of stock options	23,372		1			23,371
Foreign currency translations		(3,632)							(3,632)
Issuance of shares of common stock through employee purchase plan	5,027					5,027
Tax benefit (shortfall) related to options exercised	(18)					(18)
Purchase of treasury stock	(6,099)				(6,099)
Foreign currency translation	(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	82	15	(6,099)	1,664,038	2,734,479	(1,178)	(1,178)	(635,799)	(1,726,120)
Non-cash compensation	26,177					26,177
Contribution from parent		49,274					49,274
Exercise of stock options	17,152		1			17,151
Foreign currency translations		554							554
Issuance of shares of common stock through employee purchase plan	5,930					5,930
Tax benefit (shortfall) related to options exercised	16					16
Purchase of treasury stock	(6,204)				(6,204)
Foreign currency translation	554							554
Net income	298,809	299,181								298,809	299,181
Dividend to parent		(299,804)									(299,804)
Dividends-distributions to common shareholders	(293,600)									(293,600)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2016	$ 1,069,528	$ 1,056,386	$ 83	$ 15	$ (12,303)	$ 1,713,312	$ 2,783,753	$ (624)	$ (624)	$ (630,955)	$ (1,726,743)

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Exercise of stock options	470,029	881,936	522,032
Purchase of treasury stock	111,252	104,836	54,295
Retirement of treasury stock			17,270,930
Common stock dividends/distributions	$ 3.02	$ 2.75	$ 2.50
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80
Additional Paid-in Capital [Member]
Exercise of stock options	470,029	881,936	522,032
Treasury Stock [Member]
Purchase of treasury stock	111,252	104,836	54,295
Retirement of treasury stock			17,270,930
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 3.02	$ 2.75	$ 2.50
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 298,809	$ 262,570	$ 253,518
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	204,958	191,433	258,435
Stock-based compensation	28,560	25,890	24,120
Amortization included in interest expense	5,333	4,682	4,777
Gain on disposition of assets and investments	(15,095)	(8,765)	(3,192)
Other-than-temporary impairment of investment			4,069
Loss on extinguishment of debt	3,198		26,023
Deferred income tax (benefit) expense	(343)	11,099	(122,137)
Provision for doubtful accounts	6,870	6,506	5,947
(Increase) decrease in:
Receivables	(22,677)	(9,034)	(13,553)
Prepaid expenses	1,320	(575)	524
Other assets	5,462	(4,475)	662
(Decrease) increase in:
Trade accounts payable	(746)	(458)	1,076
Accrued expenses	10,245	3,335	8,273
Other liabilities	(4,071)	(4,558)	3,987
Cash flows provided by operating activities	521,823	477,650	452,529
Cash flows from investing activities:
Capital expenditures	(107,612)	(110,425)	(107,573)
Acquisitions	(585,054)	(153,877)	(65,021)
Decrease (increase) in notes receivable	21	(7)	4,462
Proceeds from disposition of assets and investments	11,662	10,429	4,135
Cash flows used in investing activities	(680,983)	(253,880)	(163,997)
Cash flows from financing activities:
Net proceeds from issuance of common stock	23,082	28,399	20,615
Cash used for purchase of treasury shares	(6,204)	(6,099)	(2,987)
Proceeds received from revolving credit facility	483,000	317,000	325,000
Payments on revolving credit facility	(403,000)	(282,000)	(410,000)
Principal payments on long term debt	(21,118)	(15,468)	(11,750)
Proceeds received from senior credit facility	300,000		300,000
Debt issuance costs	(9,467)		(17,441)
Proceeds received from note offering	400,000		510,000
Payment on senior subordinated notes			(415,752)
Payment on senior credit facility	(300,000)		(352,106)
Distributions to non-controlling interest	(420)	(1,130)	(1,094)
Dividends/distributions	(293,965)	(265,510)	(238,800)
Cash flows provided by (used in) financing activities	171,908	(224,808)	(294,315)
Effect of exchange rate changes in cash and cash equivalents	455	(2,670)	(1,394)
Net increase (decrease) in cash and cash equivalents	13,203	(3,708)	(7,177)
Cash and cash equivalents at beginning of period	22,327	26,035	33,212
Cash and cash equivalents at end of period	35,530	22,327	26,035
Supplemental disclosures of cash flow information:
Cash paid for interest	108,719	93,765	94,646
Cash paid for state and federal income taxes	14,167	10,786	12,754
LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net income	299,181	262,903	287,035
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	204,958	191,433	258,435
Stock-based compensation	28,560	25,890	24,120
Amortization included in interest expense	5,333	4,682	4,777
Gain on disposition of assets and investments	(15,095)	(8,765)	(3,192)
Other-than-temporary impairment of investment			4,069
Loss on extinguishment of debt	3,198		26,023
Deferred income tax (benefit) expense	(343)	11,099	(155,528)
Provision for doubtful accounts	6,870	6,506	5,947
(Increase) decrease in:
Receivables	(22,677)	(9,034)	(13,553)
Prepaid expenses	1,320	(575)	524
Other assets	5,462	(4,475)	662
(Decrease) increase in:
Trade accounts payable	(746)	(458)	1,076
Accrued expenses	10,245	3,335	8,491
Other liabilities	(31,000)	(29,120)	(14,306)
Cash flows provided by operating activities	495,266	453,421	434,580
Cash flows from investing activities:
Capital expenditures	(107,612)	(110,425)	(107,573)
Acquisitions	(585,054)	(153,877)	(65,021)
Decrease (increase) in notes receivable	21	(7)	4,462
Proceeds from disposition of assets and investments	11,662	10,429	4,135
Cash flows used in investing activities	(680,983)	(253,880)	(163,997)
Cash flows from financing activities:
Proceeds received from revolving credit facility	483,000	317,000	325,000
Payments on revolving credit facility	(403,000)	(282,000)	(410,000)
Principal payments on long term debt	(21,118)	(15,468)	(11,750)
Proceeds received from senior credit facility	300,000		300,000
Debt issuance costs	(9,467)		(17,442)
Proceeds received from note offering	400,000		510,000
Payment on senior subordinated notes			(415,752)
Payment on senior credit facility	(300,000)		(352,106)
Distributions to non-controlling interest	(420)	(1,130)	(1,094)
Dividends to parent	(299,804)	(271,244)	(241,422)
Contributions from parent	49,274	52,263	38,201
Cash flows provided by (used in) financing activities	198,465	(200,579)	(276,365)
Effect of exchange rate changes in cash and cash equivalents	455	(2,670)	(1,395)
Net increase (decrease) in cash and cash equivalents	13,203	(3,708)	(7,177)
Cash and cash equivalents at beginning of period	21,827	25,535	32,712
Cash and cash equivalents at end of period	35,030	21,827	25,535
Supplemental disclosures of cash flow information:
Cash paid for interest	108,719	93,765	94,646
Cash paid for state and federal income taxes	$ 14,167	$ 10,786	$ 12,754

Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

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 149,000 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 approximately 41,000 transit advertising displays in 19 states and Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves.

The Company operates as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes and generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from advertising rental revenue. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from the assets of its taxable REIT subsidiaries (“TRSs”). In addition, the Company’s foreign assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.

(b) Principles of Consolidation

The accompanying consolidated financial statements include Lamar Advertising Company, its wholly owned subsidiary, Lamar Media Corp. (Lamar Media), and its majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

An operating segment is a component of an enterprise:

•

that engages in business activities from which it may earn revenues and incur expenses;

•

whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and

•

for which discrete financial information is available.

We define the term ‘chief operating decision maker’ to be our executive management group, which consist of our Chief Executive Officer, President and Chief Financial Officer. Currently, all operations are reviewed on a consolidated basis for budget and business plan performance by our executive management group. Additionally, operational performance at the end of each reporting period is viewed in the aggregate by our management group. Any decisions related to changes in invested capital, personnel, operational improvement or training, or to allocate other company resources are made based on the combined results.

We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals.

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 years ended 2016 and 2015. For the year ended December 31, 2014 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, 2016 and 2015; 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

The Company accounts for transactions that meet the definition of a business and group asset purchases as acquisitions. For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. For transactions that meet the definition of asset group purchases, the Company allocates the purchase price to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition. If a transaction is determined to be a group of assets, any direct acquisition costs are capitalized. Transaction costs for transactions determined to be a business combination are expensed as incurred.

The fair value of the assets acquired and liabilities assumed is typically determined by using either estimates of replacement costs or discounted cash flow valuation methods. When determining the fair value of tangible assets acquired, the Company must estimate the cost to replace the asset with a new asset, adjusted for an estimated reduction in fair value due to age of the asset, and the economic useful life. When determining the fair value of intangible assets acquired, the Company must estimate the applicable discount rate and the timing and amount of future cash flows. 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.

Effective October 1, 2016, the Company changed its accounting for business combinations, as further discussed in note 20 to the consolidated 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:

	2016		2015		2014
Net revenues	$	8,051	$	7,956	$	7,839
Direct advertising expenses	$	3,559	$	3,137	$	2,928
General and administrative expenses	$	4,067	$	4,407	$	4,675

(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, 2016, 2015 and 2014, the Company declared and paid distributions of its REIT taxable income of an aggregate of $293,600 or $3.02 per share, $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, 2016, 2015 and 2014, 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, 2016, 2015 and 2014 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, 2016, 2015, and 2014 were $28,560, $25,890 and $24,120, respectively. The $28,560 expensed during the year ended December 31, 2016 consists of (i) $10,142 related to stock options, (ii) $18,069 related to stock grants made under the Company’s performance-based stock incentive program in 2016 and (iii) $349 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 income (loss) in the Consolidated Statements of Income and Comprehensive Income and as a component of accumulated comprehensive income (loss) in the Consolidated Statements of Stockholders’ Equity.

(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 Income and Comprehensive Income and the components of accumulated comprehensive income (loss) are presented in the Consolidated Statements of Stockholders’ Equity. Comprehensive income (loss) is composed of foreign currency translation effects.

(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 149,000 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 and 20 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

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Acquisitions

(2) Acquisitions

Year Ended December 31, 2016

During the twelve months ended December 31, 2016, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $594,054, of which $585,054 was in cash and $9,000 in non-cash consideration consisting principally of exchanges of outdoor advertising assets. The purchases included the acquisition of assets in five U.S. markets from Clear Channel Outdoor Holdings, Inc. for an aggregate cash purchase price of approximately $458,500. As a result of the acquisitions, a gain of $8,599 was recorded for transactions which involved the exchanges of outdoor advertising assets during the year ended December 31, 2016.

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	$	100,257
Goodwill		180,001
Site locations		268,763
Non-competition agreements		130
Customer lists and contracts		45,619
Asset acquisition costs		166
Current assets		6,694
Other assets		4,185
Current liabilities		(9,714	)
Long–term liabilities		(2,047	)
	$	594,054

Total acquired intangible assets for the year ended December 31, 2016 were $494,679, of which $180,001 was assigned to goodwill. Although goodwill is not amortized for financial statement purposes, $180,001 is expected to be fully deductible for tax purposes. The remaining $314,678 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $45,619 (7 year weighted average useful life) and site locations of $268,763 (15 year weighted average useful life). The aggregate amortization expense related to the 2016 acquisitions for the year ended December 31, 2016 was approximately $20,430.

The following unaudited pro forma financial information for the Company gives effect to the 2016 and 2015 acquisitions as if they had occurred on January 1, 2015. 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.

	2016		2015
	(unaudited)
Net revenues	$	1,509,704	$	1,469,699
Net income applicable to common stock	$	297,164	$	251,299
Net income per common share — basic	$	3.06	$	2.61
Net income per common share — diluted	$	3.04	$	2.61

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 cash 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 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 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

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Non-cash Financing and Investing Activities	12 Months Ended
Non-cash Financing and Investing Activities	Dec. 31, 2016
Non-cash Financing and Investing Activities	(3) Non-cash Financing and Investing Activities For the years ended December 31, 2016, 2015 and 2014, the Company had $9,000, $6,036 and $1,900 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, 2016 and 2015.
LAMAR MEDIA CORP [Member]
Non-cash Financing and Investing Activities	(2) Non-cash Financing and Investing Activities For the years ended December 31, 2016, 2015 and 2014, the Company had non-cash investing activities of $9,000, $6,036 and $1,900 related to capital expenditures and acquisitions of outdoor advertising assets. There were no significant non-cash financing activities during the years ended December 31, 2016, 2015 and 2014.

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

(4) Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2016 and 2015 are as follows:

	Estimated Life (Years)		2016		2015
Land		—	$	355,211	$	326,942
Building and improvements	10 — 39			147,660		136,587
Advertising structures	5 — 15			2,643,529		2,529,301
Automotive and other equipment	3 — 7			147,851		146,409
			$	3,294,251	$	3,139,239

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Other Intangible Assets

(5) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2016 and December 31, 2015:

	Estimated		2016				2015
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	559,513	$	490,514	$	513,832	$	477,006
Non-competition agreements	3 — 15			64,646		63,692		64,514		63,453
Site locations		15		1,885,554		1,318,976		1,616,345		1,251,825
Other	5 — 15			14,174		13,552		14,008		13,529
			$	2,523,887	$	1,886,734	$	2,208,699	$	1,805,813
Unamortizable Intangible Assets:
Goodwill			$	1,979,894	$	253,536	$	1,800,130	$	253,536

The changes in the gross carrying amount of goodwill for the year ended December 31, 2016 are as follows:

Balance as of December 31, 2015	$	1,800,130
Goodwill acquired during the year		180,001
Purchase price adjustments and other		(237	)
Impairment losses		—
Balance as of December 31, 2016	$	1,979,894

Amortization expense for the years ended December 31, 2016, 2015 and 2014 was $80,864, $66,490 and $96,139, respectively. The following is a summary of the estimated amortization expense for future years:

2017	$	79,115
2018		74,367
2019		68,865
2020		58,989
2021		53,882
Thereafter		301,935
Total	$	637,153

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, 2016 and December 31, 2015:

	Estimated		2016				2015
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	559,513	$	490,514	$	513,832	$	477,006
Non-competition agreement	3—15			64,646		63,692		64,514		63,453
Site locations		15		1,885,554		1,318,976		1,616,345		1,251,825
Other	5—15			13,629		13,475		13,463		13,452
			$	2,523,342	$	1,886,657	$	2,208,154	$	1,805,736
Unamortizable Intangible Assets:
Goodwill			$	1,968,874	$	252,667	$	1,789,110	$	252,667

The changes in the gross carrying amount of goodwill for the year ended December 31, 2016 are as follows:

Balance as of December 31, 2015	$	1,789,110
Goodwill acquired during the year		180,001
Purchase price adjustments and other		(237	)
Impairment losses		—
Balance as of December 31, 2016	$	1,968,874

- 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

Leases

12 Months Ended

Dec. 31, 2016

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, 2016:

2017	$	185,792
2018	$	148,062
2019	$	133,004
2020	$	117,701
2021	$	101,745
Thereafter	$	728,384

Rental expense related to the Company’s operating leases was $266,706, $240,518 and $227,879 for the years ended December 31, 2016, 2015 and 2014, respectively.

Accrued Expenses

12 Months Ended

Dec. 31, 2016

Accrued Expenses

(7) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2016 and 2015:

	2016		2015
Payroll	$	16,764	$	14,943
Interest		38,904		29,268
Insurance benefits		15,672		13,951
Accrued lease expense		36,928		33,628
Stock-based compensation		17,696		15,301
Other		8,469		8,117
	$	134,433	$	115,208

LAMAR MEDIA CORP [Member]

Accrued Expenses

(4) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2016 and 2015:

	2016		2015
Payroll	$	16,764	$	14,943
Interest		38,904		29,268
Accrued lease expense		36,928		33,628
Stock-based compensation		17,696		15,301
Other		20,879		17,588
	$	131,171	$	110,728

Long-term Debt

12 Months Ended

Dec. 31, 2016

Long-term Debt

(8) Long-term Debt

Long-term debt consists of the following at December 31, 2016 and 2015:

	December 31, 2016
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	433,125		$	4,769		$	428,356
5 7/8% Senior Subordinated Notes		500,000			7,071			492,929
5% Senior Subordinated Notes		535,000			5,709			529,291
5 3/8% Senior Notes		510,000			5,662			504,338
5 3/4% Senior Notes		400,000			5,758			394,242
Other notes with various rates and terms		27			—			27
		2,378,152			28,969			2,349,183
Less current maturities		(39,375	)		(5,459	)		(33,916	)
Long-term debt, excluding current maturities	$	2,338,777		$	23,510		$	2,315,267


	December 31, 2015
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	373,750		$	7,058		$	366,692
5 7/8% Senior Subordinated Notes		500,000			8,219			491,781
5% Senior Subordinated Notes		535,000			6,451			528,549
5 3/8% Senior Notes		510,000			6,306			503,694
Other notes with various rates and terms		734			—			734
		1,919,484			28,034			1,891,450
Less current maturities		(21,332	)		(4,823	)		(16,509	)
Long-term debt, excluding current maturities	$	1,898,152		$	23,211		$	1,874,941

Long-term debt matures as follows:

	Debt			Deferred financing costs		Debt, net of deferred financing costs
2017	$	39,375	$		5,459	$	33,916
2018	$	45,000	$		5,647	$	39,353
2019	$	348,750	$		3,749	$	345,001
2020	$	—	$		3,769	$	(3,769	)
2021	$	—	$		3,993	$	(3,993	)
Later years	$	1,945,027	$		6,352	$	1,938,675

During the year ended December 31, 2016, the Company adopted the FASB’s Accounting Standards Updated (“ASU”) No. 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. The pronouncement requires the Company to present debt issuance costs related to a note as a direct deduction from the face amount of the note presented in the balance sheet. The Company has applied the new guidance on a retrospective basis. The effects of the adoption to the Company’s Consolidated Balance Sheet as of December 31, 2015 were a decrease in total assets, current maturities of long-term debt and long-term debt of $28,034, $4,823 and $23,211, respectively.

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.

5 3/4% Senior Notes

On January 28, 2016, Lamar Media completed an institutional private placement of $400,000 aggregate principal amount of 5 3/4% Senior Notes due 2026 (the “5 3/4 % Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $394,500.

Lamar Media may redeem up to 35% of the aggregate principal amount of the 5 3/4% Notes, at any time and from time to time, at a price equal to 105.750% of the aggregate principal amount so redeemed, plus accrued and unpaid interest thereon, with the net cash proceeds of certain public equity offerings completed before February 1, 2019, provided that following the redemption, at least 65% of the 5 3/4% Notes that were originally issued remain outstanding and any such redemption occurs within 120 days following the closing of any such public equity offering. At any time prior to February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon plus a make-whole premium. On or after February 1, 2021, Lamar Media may redeem the 5 3/4% Notes, in whole or in part, in cash at redemption prices specified in the 5 3/4% Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 3/4% Notes at a price equal to 101% of the principal amount of the 5 3/4% Notes, plus accrued and unpaid interest, up to but not including the repurchase date.

Senior Credit Facility

On January 7, 2016, Lamar Media entered into a new incremental Term A-1 loan of $300,000 to partially fund the purchase of certain Clear Channel Outdoor Holdings, Inc. assets. The Term A-1 loan was repaid in full on January 28, 2016 by using proceeds received from the issuance of the 5 3/4% Notes. For the year ended December 31, 2016, the Company incurred a loss of $3,198 related to the repayment of the Term A-1 loan.

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 “First Amendment”) under which the parties agreed to amend Lamar Media’s existing senior credit agreement on the terms set forth therein. The First Amendment created a new $300,000 Term A Loan facility (the “Term A Loans”) and made certain other amendments. Lamar Media borrowed $300,000 in Term A Loans on April 18, 2014. The net loan proceeds of this borrowing, together with borrowings under the revolving portion of the senior credit facility and cash on hand, were used to fund the redemption and retirement of all $400,000 in outstanding principal amount of Lamar Media’s 7 7/8% Notes due 2018 on April 21, 2014. On March 4, 2016, Lamar Media entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement (the “Second Amendment”) under which the parties agreed to amend Lamar Media’s existing senior credit agreement on the terms set forth therein. Among certain other amendments, the Second Amendment eliminated the $500,000 cap on incremental loans with the result that Lamar Media may borrow incremental term and revolving loans without monetary limits, so long as Lamar Advertising’s Senior Debt Ratio does not exceed 3.5 to 1.0.

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, 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 December 31, 2016, there was $180,000 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 $10,104 letters of credit outstanding as of December 31, 2016 resulting in $209,896 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, 2016 and 2015:

	December 31, 2016
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	433,125		$	4,769		$	428,356
5 7/8% Senior Subordinated Notes		500,000			7,071			492,929
5% Senior Subordinated Notes		535,000			5,709			529,291
5 3/8% Senior Notes		510,000			5,662			504,338
5 3/4% Senior Notes		400,000			5,758			394,242
Other notes with various rates and terms		27			—			27
		2,378,152			28,969			2,349,183
Less current maturities		(39,375	)		(5,459	)		(33,916	)
Long-term debt, excluding current maturities	$	2,338,777		$	23,510		$	2,315,267


	December 31, 2015
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	373,750		$	5,104		$	368,646
5 7/8% Senior Subordinated Notes		500,000			8,219			491,781
5% Senior Subordinated Notes		535,000			6,451			528,549
5 3/8% Senior Notes		510,000			6,306			503,694
Other notes with various rates and terms		734			—			734
		1,919,484			26,080			1,893,404
Less current maturities		(21,332	)		(4,823	)		(16,509	)
Long-term debt, excluding current maturities	$	1,898,152		$	21,257		$	1,876,895

Long-term debt matures as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2017	$	39,375	$	5,459	$	33,916
2018	$	45,000	$	5,647	$	39,353
2019	$	348,750	$	3,749	$	345,001
2020	$	—	$	3,769	$	(3,769	)
2021	$	—	$	3,993	$	(3,993	)
Later years	$	1,945,027	$	6,352	$	1,938,675

Asset Retirement Obligation

12 Months Ended

Dec. 31, 2016

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, 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
Additions to asset retirement obligations		5,008
Accretion expense		4,272
Liabilities settled		(4,625	)
Balance at December 31, 2016	$	210,889

Depreciation and Amortization

12 Months Ended

Dec. 31, 2016

Depreciation And Amortization [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 Income. The amounts of depreciation and amortization expense excluded from the following operating expenses in its Statements of Income are:

	Year Ended December 31,
	2016		2015		2014
Direct expenses	$	191,169	$	175,937	$	241,471
General and administrative expenses		3,650		3,178		4,534
Corporate expenses		10,139		12,318		12,430
	$	204,958	$	191,433	$	258,435

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

12 Months Ended

Dec. 31, 2016

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, 2016:
U.S. federal	$	9,518	$	(935	)	$	8,583
State and local		2,681		(6	)		2,675
Foreign		1,500		598			2,098
	$	13,699	$	(343	)	$	13,356
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	)

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, 2016 and 2015, the Company had income taxes payable of $747 and $524, respectively, included in accrued expenses. The U.S. and foreign components of earnings before income taxes are as follows:

	2016			2015		2014
U.S.	$	313,429		$	282,774	$	144,298
Foreign		(1,264	)		1,854		(872	)
Total	$	312,165		$	284,628	$	143,426

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:

	2016			2015			2014
Income tax expense at U.S. federal statutory rate	$	109,257		$	99,620		$	50,199
Tax adjustment related to REIT^(a)		(101,868	)		(92,073	)		(44,891	)
State and local income taxes, net of federal income tax benefit		1,481			1,180			1,017
Book expenses not deductible for tax purposes		2,465			2,117			2,061
Stock-based compensation		169			66			(33	)
Valuation allowance^(b)		2,340			13,818			—
Rate change		(19	)		90			91
Deferred tax adjustment due to REIT conversion		—			—			(120,081	)
Other differences, net		(469	)		(2,760	)		1,545
Income tax expense	$	13,356		$	22,058		$	(110,092	)

^(a)	Includes dividend paid deduction of $102,888, $83,750 and $62,937 for the tax years ended December 31, 2016, 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 years ended December 31, 2016 and 2015, a non-cash valuation allowance of $2,340 and $13,818, respectively, was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years.

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below:

	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	551		$	722
Accrued liabilities not deducted for tax purposes		4,574			4,362
Asset retirement obligation		116			97
Net operating loss carry forwards		14,835			12,762
Tax credit carry forwards		153			155
Charitable contributions carry forward		6			6
Property, plant and equipment		1,424			1,080
Investment in partnerships		320			246
Gross deferred tax assets		21,979			19,430
Less: valuation allowance		(16,167	)		(13,827	)
Net deferred tax assets		5,812			5,603
Deferred tax liabilities:
Intangibles		(6,091	)		(6,303	)
Gross deferred tax liabilities		(6,091	)		(6,303	)
Net deferred tax liabilities	$	(279	)	$	(700	)
Classification in the consolidated balance sheets:
Current deferred tax assets	$	1,582		$	1,352
Noncurrent deferred tax liabilities		(1,861	)		(2,052	)
Net deferred tax liabilities	$	(279	)	$	(700	)

As of December 31, 2016, we have approximately $230,302 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $2,043 is subject to an IRC §382 limitation. These carry forwards expire between 2020 through 2032. In addition, we have $4,789 of various credits available to offset future U.S. federal income tax.

As of December 31, 2016 we have approximately $588,877 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 $218 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, 2016 and 2015. The net change in the total state valuation allowance for the year ended December 31, 2014 was a decrease of $2,322. There were no net changes in the total state valuation allowance for the years ended December 31, 2016 and 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 2016, we generated $5,643 of Puerto Rico net operating losses. As of December 31, 2016, we had approximately $36,188 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 2018 and 2026. In addition, we have $153 of alternative minimum tax credits available to offset future Puerto Rico income tax.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those jurisdictions during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income, and tax-planning strategies in making this assessment. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income before the expiration of the carry forwards governed by the tax code. Based on the current level of pretax earnings 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, 2016 and 2015 was $16,167 and $13,827, respectively. The net change in the total valuation allowance for the years ended December 31, 2016 and 2015 was an increase of $2,340 and $13,818, respectively. The amount of the deferred tax asset considered realizable, however, could be adjusted in the near term if estimates of future taxable income during the carry forward period increase.

We have not recognized a deferred tax liability of approximately $10,946 for the undistributed earnings of our Canadian operations that arose in 2016 and prior years as management considers these earnings to be indefinitely invested outside the U.S. As of December 31, 2016, the undistributed earnings of these subsidiaries were approximately $31,275.

Under ASC 740 Income Taxes, we provide for uncertain tax positions, and the related interest, and adjust recognized tax benefits and accrued interest accordingly. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance as of December 31, 2015	$	—
Additions for tax positions related to current year		696
Additions for tax positions related to prior years		76
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2016	$	772

Included in the balance of unrecognized benefits at December 31, 2016 is $772 of tax benefits that, if recognized in future periods, would impact our effective tax rate. During the year ended December 31, 2016, we recognized interest and penalties of $18 as a component of income tax expense in connection with our liabilities related to uncertain tax positions.

Within the next twelve months, we do not expect to decrease our unrecognized tax benefits as a result of the expiration of statute of limitations.

We are subject to income taxes in the U.S. and nearly all states. In addition, the Company is subject to income taxes in Canada and the Commonwealth of Puerto Rico. We are no longer subject to U.S federal income tax examinations by tax authorities for years prior to 2013, or for any U.S. state income tax audit prior to 2008. 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 2013 and 2012, 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, 2016:
U.S. federal	$	9,518	$	(935	)	$	8,583
State and local		2,681		(6	)		2,675
Foreign		1,500		598			2,098
	$	13,699	$	(343	)	$	13,356
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	)

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, 2016 and 2015, the Company had income taxes payable of $747 and $524, respectively, included in accrued expenses.

The U.S. and foreign components of earnings before income taxes are as follows:

	2016			2015		2014
U.S.	$	313,801		$	283,107	$	144,643
Foreign		(1,264	)		1,854		(872	)
Total	$	312,537		$	284,961	$	143,771

	2016			2015			2014
Income tax expense at U.S. federal statutory rate	$	109,388		$	99,736		$	50,320
Tax adjustment related to REIT^(a)		(101,999	)		(92,189	)		(45,012	)
State and local income taxes, net of federal income tax benefit		1,481			1,180			1,017
Book expenses not deductible for tax purposes		2,465			2,117			2,061
Stock-based compensation		169			66			(33	)
Valuation allowance^(b)		2,340			13,818			—
Rate Change		(19	)		90			91
Deferred tax adjustment due to REIT conversion		—			—			(153,472	)
Other differences, net		(469	)		(2,760	)		1,764
Income tax expense	$	13,356		$	22,058		$	(143,264	)

^(a)	Includes dividend paid deduction of $102,888, $83,866 and $63,058 for the tax years ended December 31, 2016, 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, for the years ended December 31, 2016 and 2015, a non-cash valuation allowance of $2,340 and $13,818, respectively, was recorded to income tax expense due to our limited ability to utilize the Puerto Rico deferred tax assets in future years.

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below:

	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	551		$	722
Accrued liabilities not deducted for tax purposes		4,574			4,362
Asset retirement obligation		116			97
Net operating loss carry forwards		14,835			12,762
Tax credit carry forwards		153			155
Charitable contributions carry forward		6			6
Property, plant and equipment		1,424			1,080
Investment in partnership		320			246
Gross deferred tax assets		21,979			19,430
Less: valuation allowance		(16,167	)		(13,827	)
Net deferred tax assets		5,812			5,603
Deferred tax liabilities:
Intangibles		(6,091	)		(6,303	)
Gross deferred tax liabilities		(6,091	)		(6,303	)
Net deferred tax liabilities		(279	)		(700	)
Classification in the consolidated balance sheets:
Current deferred tax assets	$	1,582		$	1,352
Noncurrent deferred tax liabilities		(1,861	)		(2,052	)
Net deferred tax liabilities	$	(279	)	$	(700	)

As of December 31, 2016, we have approximately $94,169 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $2,043 is subject to an IRC §382 limitation. These carry forwards expire between 2020 and 2032. In addition, we have $19,560 of various credits available to offset future U.S. federal income tax.

As of December 31, 2016, we have approximately $551,156 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 $218 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, 2016 and December 31, 2015. The net change in the total state valuation allowance for the year ended December 31, 2014 was a decrease of $1,751. There were no net changes in the total state valuation allowance for the years ended December 31, 2016 and 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 2016 we generated $5,643 of Puerto Rico net operating losses. As of December 31, 2016, we had approximately $36,188 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 2018 and 2026. In addition, we have $153 of alternative minimum tax credits available to offset future Puerto Rico income tax.

Balance as of December 31, 2015	$	—
Additions for tax positions related to current year		696
Additions for tax positions related to prior years		76
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2016	$	772

Within the next twelve months, we do not expect to decrease our unrecognized tax benefits as a result of the expiration of statute of limitations.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2016
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 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 provided 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 provided 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. In addition, the Company had receivables from employees of $10 and $0 at December 31, 2016 and 2015, respectively. These receivables are primarily relocation loans for employees. The Company does not have any receivables from its current executive officers.
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, 2016 and December 31, 2015, there was a payable to Lamar Advertising Company, its parent, in the amount of $7,476 and $6,259, respectively. Effective December 31, 2016 and December 31, 2015, Lamar Advertising Company contributed $49,274 and $52,263, respectively, to Lamar Media which resulted in an increase in Lamar Media’s additional paid-in capital.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2016
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, 2016 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, 2016, 2015 or 2014. The repurchase program expired on June 30, 2016.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Stock Compensation Plans

12 Months Ended

Dec. 31, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Compensation Plans

(14) Stock Compensation Plans

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

In February 2013, the 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, 2016 and 2015, the Company recorded a liability, in accrued expenses, of $17,696 and $15,301, 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 Yield		Expected Volatility		Risk Free Interest Rate		Expected Lives
2016		5%		45%		2%		6
2015		5%		45%		2%		6
2014		2%		48%		1%		6

Information regarding the 1996 Plan for the year ended December 31, 2016 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		1,926,055		$	37.49
Granted		131,000			63.48
Exercised		(470,029	)		36.49
Forfeited		(19,600	)		51.56
Expired		—			—
Outstanding, end of year		1,567,426			39.78		5.63
Exercisable at end of year		1,080,526			36.20		5.04

At December 31, 2016 there was $2,843 of unrecognized compensation cost related to stock options granted which is expected to be recognized over a weighted-average period of 1.58 years.

Shares available for future stock option and restricted share grants to employees and directors under existing plans were 1,421,193 at December 31, 2016. The aggregate intrinsic value of options outstanding as of December 31, 2016 was $43,041, and the aggregate intrinsic value of options exercisable was $33,541. Total intrinsic value of options exercised was $12,182 for the year ended December 31, 2016.

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 82,084 shares on January 1, 2016 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, 2016:

	Shares
Available for future purchases, January 1, 2016		279,589
Additional shares reserved under 2009 ESPP		82,084
Purchases		(111,100	)
Available for future purchases, December 31, 2016		250,573

Performance-based compensation. Unrestricted shares of our Class A common stock may be awarded to key officers and employees under our 1996 Plan based on certain Company performance measures for fiscal 2016. The number of shares to be issued, if any, are dependent on the level of achievement of these performance measures as determined by the Company’s Compensation Committee based on our 2016 results and were issued in the first quarter of 2017. The shares subject to these awards can range from a minimum of 0% to a maximum of 100% of the target number of shares depending on the level at which the goals are attained. Based on the Company’s performance measures achieved through December 31, 2016, the Company has accrued $17,398 as compensation expense related to these agreements.

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2016
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, 2016, the Company maintained $1,305 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 $4,545, $4,148 and $3,973 for the years ended December 31, 2016, 2015 and 2014, 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, 2016, 2015 and 2014, the Company contributed $1,487, $1,430 and $1,400, 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	12 Months Ended
Commitment and Contingencies	Dec. 31, 2016
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	12 Months Ended
Distribution Restrictions	Dec. 31, 2016
LAMAR MEDIA CORP [Member]
Distribution Restrictions	(17) Distribution Restrictions Lamar Media’s ability to make distributions to Lamar Advertising is restricted under both the terms of the indentures relating to Lamar Media’s outstanding notes and by the terms of its senior credit facility. As of December 31, 2016 and December 31, 2015, 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 $2,702,633 and $2,487,196, respectively. As of December 31, 2016, 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, 2016, 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, 2016 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 Instruments	12 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(18) Fair Value of Financial Instruments At December 31, 2016 and 2015, 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 $2,444,231, which exceeded both the gross and carrying amount of $2,378,152 as of December 31, 2016. 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

Information about Geographic Areas	12 Months Ended
Information about Geographic Areas	Dec. 31, 2016
Segment Reporting [Abstract]
Information about Geographic Areas	(19) Information about Geographic Areas Revenues from external customers attributable to foreign countries totaled $32,669, $32,705 and $33,124 for the years ended December 31, 2016, 2015 and 2014, respectively. Net carrying value of long lived assets located in foreign countries totaled $4,893 and $5,613 as of December 31, 2016 and 2015, 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.

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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

New Accounting Pronouncements	12 Months Ended
New Accounting Pronouncements	Dec. 31, 2016
New Accounting Pronouncements And Changes In Accounting Principles [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, 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 U.S. GAAP 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 currently reviewing its revenue contract arrangements and we expect our review to be complete in 2017. At this time we do not expect any material impact on our consolidated financial statements for the adoption of ASU 2014-09. We have not yet determined whether we will adopt the provisions of ASU 2014-09 on a retrospective basis or through a cumulative adjustment to equity. In November 2015, the FASB issued ASU No. 2015-17 Income taxes – Balance Sheet Classification of Deferred Taxes. The amendments in this update require deferred tax liabilities and assets be classified as noncurrent in the balance sheet. The amendments are effective for annual and interim periods beginning after December 15, 2016, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this amendment will have a material impact on the consolidated balance sheet. In February 2016, the FASB issued ASU No. 2016-02, Leases. The update is to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet and disclosing key information about lease arrangements. The amendments in this update are effective beginning January 1, 2019 with retrospective application. The Company is the process of assessing the impact ASU 2016-02 will have on our consolidated financial statements. The Company expects the primary impact to our consolidated financial statements will be the recognition, on a discounted basis, of our minimum commitments under non-cancelable operating leases on our consolidated balance sheets resulting in the recording of right of use assets and lease obligations. Our current minimum commitments under non-cancelable operating leases are disclosed in Note 6. In March 2016, the FASB issued ASU 2106-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The update is designed to simplify accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The update is effective for annual periods beginning January 1, 2017 with early adoption permitted. The Company does not expect the adoption of this update will have a material impact on the consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments. The update clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. The update is effective for annual periods beginning January 1, 2018 with early adoption permitted. The Company adopted the update for the period ended December 31, 2016. The update did not have a material impact on the Company’s consolidated statement of cash flows. In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the definition of a business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The update is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is allowed for transactions which the acquisition date occurs before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. The Company adopted the update in ASU 2017-01 for transactions which occurred on or after October 1, 2016. The adoption of this update did not have a material impact on the consolidated financial statements.

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data (Unaudited)

(21) 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, 2016 and 2015.

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income applicable to common stock	$	51,223	$	81,818	$	84,970	$	80,433
Net income per common share basic	$	0.53	$	0.84	$	0.87	$	0.83
Net income per common share diluted	$	0.53	$	0.84	$	0.87	$	0.81

	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

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, 2016 and 2015.

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income	$	51,407	$	81,998	$	85,168	$	80,608

	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

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2016

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Valuation and Qualifying Accounts

Years Ended December 31, 2016, 2015 and 2014

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2016
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	8,984		6,870		6,498	$	9,356
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	13,827		2,340		—	$	16,167
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 deferred tax assets:
Valuation allowance	$	9		13,821		3	$	13,827
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 deferred tax assets:
Valuation allowance	$	2,331		—		2,322	$	9

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, 2016, 2015 and 2014

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2016
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	8,984		6,870		6,498	$	9,356
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	13,827		2,340		—	$	16,167
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 deferred tax assets:
Valuation allowance	$	9		13,821		3	$	13,827
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 deferred tax assets:
Valuation allowance	$	1,760		—		1,751	$	9

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Schedule of Real Estate and Accumulated Depreciation

December 31, 2016, 2015 and 2014

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

333,523 Displays

—

2,998,540

(1,973,958

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2016

⁽²⁾	This information is omitted, as it would be impracticable to compile such information on a site-by-site basis

⁽³⁾	Includes sites under construction

The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.

	December 31,			December 31,			December 31,
	2016			2015			2014
Gross real estate assets:
Balance at the beginning of the year	$	2,856,243		$	2,837,442		$	2,772,308
Capital expenditures on new advertising displays⁽⁴⁾		50,799			46,871			53,832
Capital expenditures on improvements/redevelopments of existing advertising displays		12,031			14,412			12,961
Capital expenditures other recurring		26,254			34,336			25,870
Land acquisitions⁽⁵⁾		30,283			13,851			4,701
Acquisition of advertising displays⁽⁶⁾		69,821			13,781			6,021
Assets sold or written-off		(47,317	)		(101,912	)		(37,005	)
Foreign exchange		426			(2,538	)		(1,246	)
Balance at the end of the year	$	2,998,540		$	2,856,243		$	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	$	1,910,860		$	1,903,434		$	1,799,325
Depreciation		100,197			100,005			135,679
Assets sold or written-off		(37,373	)		(91,218	)		(30,994	)
Foreign exchange		274			(1,361	)		(576	)
Balance at the end of the year	$	1,973,958		$	1,910,860		$	1,903,434

⁽⁴⁾	Includes non-cash amounts of $379, $2,698 and $3,126 at December 31, 2016, 2015 and 2014, respectively

⁽⁵⁾	Includes non-cash amounts of $200 at December 31, 2015

⁽⁶⁾	Includes non-cash amounts of $4,623 and $502 at December 31, 2016 and 2015, respectively

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, 2016, 2015 and 2014

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

333,523 Displays

—

2,998,540

(1,973,958

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2016

⁽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, 2016			December 31, 2015			December 31, 2014
Gross real estate assets:
Balance at the beginning of the year	$	2,856,243		$	2,837,442		$	2,772,308
Capital expenditures on new advertising displays⁽⁴⁾		50,799			46,871			53,832
Capital expenditures on improvements/redevelopments of existing advertising displays		12,031			14,412			12,961
Capital expenditures other recurring		26,254			34,336			25,870
Land acquisitions⁽⁵⁾		30,283			13,851			4,701
Acquisition of advertising displays⁽⁶⁾		69,821			13,781			6,021
Assets sold or written-off		(47,317	)		(101,912	)		(37,005	)
Foreign exchange		426			(2,538	)		(1,246	)
Balance at the end of the year	$	2,998,540		$	2,856,243		$	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	$	1,910,860		$	1,903,434		$	1,799,325
Depreciation		100,197			100,005			135,679
Assets sold or written-off		(37,373	)		(91,218	)		(30,994	)
Foreign exchange		274			(1,361	)		(576	)
Balance at the end of the year	$	1,973,958		$	1,910,860		$	1,903,434

⁽⁴⁾	Includes non-cash amounts of $379, $2,698 and $3,126 at December 31, 2016, 2015 and 2014, respectively

⁽⁵⁾	Includes non-cash amounts of $200 at December 31, 2015

⁽⁶⁾	Includes non-cash amounts of $4,623 and $502 at December 31, 2016 and 2015, respectively

Summarized Financial Information of Subsidiaries

12 Months Ended

Dec. 31, 2016

LAMAR MEDIA CORP [Member]

Summarized Financial Information of Subsidiaries

(9) Summarized Financial Information of Subsidiaries

Separate condensed consolidating financial information for Lamar Media, subsidiary guarantors and non-guarantor subsidiaries are presented below. Lamar Media and its subsidiary guarantors have fully and unconditionally guaranteed Lamar Media’s obligations with respect to its publicly issued notes. All guarantees are joint and several. As a result of these guarantee arrangements, we are required to present the following condensed consolidating financial information. The following condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes. The condensed consolidating financial information is provided as an alternative to providing separate financial statements for guarantor subsidiaries. Separate financial statements of Lamar Media’s subsidiary guarantors are not included because the guarantees are full and unconditional and the subsidiary guarantors are 100% owned and jointly and severally liable for Lamar Media’s outstanding publicly issued notes. The accounts for all companies reflected herein are presented using the equity method of accounting for investments in subsidiaries.

Condensed Consolidating Balance Sheet as of December 31, 2016


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	13,886	$	269,373	$	32,076	$	—		$	315,335
Net property, plant and equipment		—		1,161,205		21,510		—			1,182,715
Intangibles and goodwill, net		—		2,321,160		31,732		—			2,352,892
Other assets		3,453,161		10,379		116		(3,430,536	)		33,120
Total assets	$	3,467,047	$	3,762,117	$	85,434	$	(3,430,536	)	$	3,884,062
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	33,916	$	—	$	—	$	—		$	33,916
Other current liabilities		38,904		180,107		21,135		—			240,146
Total current liabilities		72,820		180,107		21,135		—			274,062
Long-term debt		2,315,267		—		—		—			2,315,267
Other noncurrent liabilities		22,574		215,198		53,909		(53,334	)		238,347
Total liabilities		2,410,661		395,305		75,044		(53,334	)		2,827,676
Stockholders’ equity		1,056,386		3,366,812		10,390		(3,377,202	)		1,056,386
Total liabilities and stockholders’ equity	$	3,467,047	$	3,762,117	$	85,434	$	(3,430,536	)	$	3,884,062

Condensed Consolidating Balance Sheet as of December 31, 2015


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

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		2,943,826		11,451		535		(2,923,702	)		32,110
Total assets	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	16,509	$	—	$	—	$	—		$	16,509
Other current liabilities		29,268		163,955		22,618		—			215,841
Total current liabilities		45,777		163,955		22,618		—			232,350
Long-term debt		1,876,895		—		—		—			1,876,895
Other noncurrent liabilities		20,059		210,233		53,659		(53,037	)		230,914
Total liabilities		1,942,731		374,188		76,277		(53,037	)		2,340,159
Stockholders’ equity		1,007,181		2,859,639		11,026		(2,870,665	)		1,007,181
Total liabilities and stockholders’ equity	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2016


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,450,997		$	53,190		$	(3,893	)	$	1,500,294
Operating expenses
Direct advertising expenses ⁽¹⁾		—			497,011			31,197			(2,611	)		525,597
General and administrative expenses ⁽¹⁾		—			259,152			10,271			—			269,423
Corporate expenses ⁽¹⁾		—			74,587			1,407			—			75,994
Depreciation and amortization		—			197,117			7,841			—			204,958
(Gain) loss on disposition of assets		—			(15,365	)		270			—			(15,095	)
		—			1,012,502			50,986			(2,611	)		1,060,877
Operating income (loss)		—			438,495			2,204			(1,282	)		439,417
Equity in (earnings) loss of subsidiaries		(426,053	)		—			—			426,053			—
Interest expense (income), net		123,674			(6	)		1,296			(1,282	)		123,682
Other expenses		3,198			—			—			—			3,198
Income (loss) before income tax expense		299,181			438,501			908			(426,053	)		312,537
Income tax expense ⁽²⁾		—			11,258			2,098			—			13,356
Net income (loss)	$	299,181		$	427,243		$	(1,190	)	$	(426,053	)	$	299,181

Statement of Comprehensive Income
Net income (loss)	$	299,181		$	427,243		$	(1,190	)	$	(426,053	)	$	299,181
Total other comprehensive income, net of tax		—			—			554			—			554
Total comprehensive income (loss)	$	299,181		$	427,243		$	(636	)	$	(426,053	)	$	299,735

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2015


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,302,770		$	54,045		$	(3,419	)	$	1,353,396
Operating expenses
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	)
		—			923,392			48,974			(2,330	)		970,036
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 (loss) 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 Income and Comprehensive Income for the Year Ended December 31, 2014


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,240,324		$	51,070		$	(4,334	)	$	1,287,060
Operating expenses
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	)
		—			962,059			48,232			(2,246	)		1,008,045
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 (loss) before income tax expense		287,035			278,366			32,508			(454,138	)		143,771
Income tax (benefit) expense⁽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 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, 2016


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	394,215		$	597,948		$	7,526		$	(504,423	)	$	495,266
Cash flows from investing activities:
Acquisitions		—			(585,054	)		—			—			(585,054	)
Capital expenditures		—			(104,440	)		(3,172	)		—			(107,612	)
Proceeds from disposition of assets and investments		—			11,662			—			—			11,662
Investment in subsidiaries		(585,054	)		—			—			585,054			—
(Increase) decrease in intercompany notes receivable		(260	)		—			—			260			—
Decrease in notes receivable		21			—			—			—			21
Net cash (used in) provided by investing activities		(585,293	)		(677,832	)		(3,172	)		585,314			(680,983	)
Cash flows from financing activities:
Principal payments on long-term debt		(21,118	)		—			—			—			(21,118	)
Payment on revolving credit facility		(403,000	)		—			—			—			(403,000	)
Proceeds received from revolving credit facility		483,000			—			—			—			483,000
Proceeds received from note offering		400,000			—			—			—			400,000
Payment on senior credit facility		(300,000	)		—			—			—			(300,000	)
Proceeds received from senior credit facility		300,000			—			—			—			300,000
Debt issuance costs		(9,467	)		—			—			—			(9,467	)
Intercompany loan proceeds (payments)		—			—			260			(260	)		—
Distributions to non-controlling interest		—			—			(420	)		—			(420	)
Contributions from (to) parent		49,274			585,054			—			(585,054	)		49,274
Dividends (to) from parent		(299,804	)		(504,423	)		—			504,423			(299,804	)
Net cash provided by (used in) financing activities		198,885			80,631			(160	)		(80,891	)		198,465
Effect of exchange rate changes in cash and cash equivalents		—			—			455			—			455
Net increase in cash and cash equivalents		7,807			747			4,649			—			13,203
Cash and cash equivalents at beginning of period		4,955			454			16,418			—			21,827
Cash and cash equivalents at end of period	$	12,762		$	1,201		$	21,067		$	—		$	35,030

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2015


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	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) provided by 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 (payments)		—			—			717			(717	)		—
Distributions to non-controlling interest		—			—			(1,130	)		—			(1,130	)
Dividends (to) from 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 (decrease) increase 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


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	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 in notes receivable		10			4,452			—			—			4,462
Net cash (used in) provided by 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 (payments)		—			—			17,034			(17,034	)		—
Distributions to non-controlling interest		—			—			(1,094	)		—			(1,094	)
Dividends (to) from 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) provided by 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

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Nature of Business

(a) Nature of Business

Principles of Consolidation

(b) Principles of 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 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

Goodwill and Intangible Assets

(d) Goodwill and Intangible Assets

Impairment of Long-Lived Assets

(e) Impairment of Long-Lived Assets

Acquisitions

(f) Acquisitions

Effective October 1, 2016, the Company changed its accounting for business combinations, as further discussed in note 20 to the consolidated 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

	2016		2015		2014
Net revenues	$	8,051	$	7,956	$	7,839
Direct advertising expenses	$	3,559	$	3,137	$	2,928
General and administrative expenses	$	4,067	$	4,407	$	4,675

Income Taxes

(i) Income Taxes

Dividends/Distributions

(j) Dividends/Distributions

Earnings Per Share

(k) Earnings Per Share

Share Based Compensation

(l) 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

Asset Retirement Obligations

(o) Asset Retirement Obligations

Use of Estimates

(p) Use of Estimates

Comprehensive Income

(q) Comprehensive Income

Fair Value Measurements

(r) Fair Value Measurements

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

Principles of Consolidation

(b) Principles of Consolidation

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

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:

	2016		2015		2014
Net revenues	$	8,051	$	7,956	$	7,839
Direct advertising expenses	$	3,559	$	3,137	$	2,928
General and administrative expenses	$	4,067	$	4,407	$	4,675

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

2016 Acquisitions [Member]

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	$	100,257
Goodwill		180,001
Site locations		268,763
Non-competition agreements		130
Customer lists and contracts		45,619
Asset acquisition costs		166
Current assets		6,694
Other assets		4,185
Current liabilities		(9,714	)
Long–term liabilities		(2,047	)
	$	594,054

Summary of Unaudited Pro Forma Financial Information

	2016		2015
	(unaudited)
Net revenues	$	1,509,704	$	1,469,699
Net income applicable to common stock	$	297,164	$	251,299
Net income per common share — basic	$	3.06	$	2.61
Net income per common share — diluted	$	3.04	$	2.61

2015 Acquisitions [Member]

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

Summary of Unaudited Pro Forma Financial Information

	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

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Summary of Major Categories of Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2016 and 2015 are as follows:

	Estimated Life (Years)		2016		2015
Land		—	$	355,211	$	326,942
Building and improvements	10 — 39			147,660		136,587
Advertising structures	5 — 15			2,643,529		2,529,301
Automotive and other equipment	3 — 7			147,851		146,409
			$	3,294,251	$	3,139,239

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2016 and December 31, 2015:

	Estimated		2016				2015
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	559,513	$	490,514	$	513,832	$	477,006
Non-competition agreements	3 — 15			64,646		63,692		64,514		63,453
Site locations		15		1,885,554		1,318,976		1,616,345		1,251,825
Other	5 — 15			14,174		13,552		14,008		13,529
			$	2,523,887	$	1,886,734	$	2,208,699	$	1,805,813
Unamortizable Intangible Assets:
Goodwill			$	1,979,894	$	253,536	$	1,800,130	$	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, 2016 are as follows:

Balance as of December 31, 2015	$	1,800,130
Goodwill acquired during the year		180,001
Purchase price adjustments and other		(237	)
Impairment losses		—
Balance as of December 31, 2016	$	1,979,894

Summary of Estimated Amortization Expense

The following is a summary of the estimated amortization expense for future years:

2017	$	79,115
2018		74,367
2019		68,865
2020		58,989
2021		53,882
Thereafter		301,935
Total	$	637,153

LAMAR MEDIA CORP [Member]

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2016 and December 31, 2015:

	Estimated		2016				2015
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	559,513	$	490,514	$	513,832	$	477,006
Non-competition agreement	3—15			64,646		63,692		64,514		63,453
Site locations		15		1,885,554		1,318,976		1,616,345		1,251,825
Other	5—15			13,629		13,475		13,463		13,452
			$	2,523,342	$	1,886,657	$	2,208,154	$	1,805,736
Unamortizable Intangible Assets:
Goodwill			$	1,968,874	$	252,667	$	1,789,110	$	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, 2016 are as follows:

Balance as of December 31, 2015	$	1,789,110
Goodwill acquired during the year		180,001
Purchase price adjustments and other		(237	)
Impairment losses		—
Balance as of December 31, 2016	$	1,968,874

Leases (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016:

2017	$	185,792
2018	$	148,062
2019	$	133,004
2020	$	117,701
2021	$	101,745
Thereafter	$	728,384

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2016 and 2015:

	2016		2015
Payroll	$	16,764	$	14,943
Interest		38,904		29,268
Insurance benefits		15,672		13,951
Accrued lease expense		36,928		33,628
Stock-based compensation		17,696		15,301
Other		8,469		8,117
	$	134,433	$	115,208

LAMAR MEDIA CORP [Member]

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2016 and 2015:

	2016		2015
Payroll	$	16,764	$	14,943
Interest		38,904		29,268
Accrued lease expense		36,928		33,628
Stock-based compensation		17,696		15,301
Other		20,879		17,588
	$	131,171	$	110,728

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Long-Term Debt

Long-term debt consists of the following at December 31, 2016 and 2015:

	December 31, 2016
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	433,125		$	4,769		$	428,356
5 7/8% Senior Subordinated Notes		500,000			7,071			492,929
5% Senior Subordinated Notes		535,000			5,709			529,291
5 3/8% Senior Notes		510,000			5,662			504,338
5 3/4% Senior Notes		400,000			5,758			394,242
Other notes with various rates and terms		27			—			27
		2,378,152			28,969			2,349,183
Less current maturities		(39,375	)		(5,459	)		(33,916	)
Long-term debt, excluding current maturities	$	2,338,777		$	23,510		$	2,315,267


	December 31, 2015
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	373,750		$	7,058		$	366,692
5 7/8% Senior Subordinated Notes		500,000			8,219			491,781
5% Senior Subordinated Notes		535,000			6,451			528,549
5 3/8% Senior Notes		510,000			6,306			503,694
Other notes with various rates and terms		734			—			734
		1,919,484			28,034			1,891,450
Less current maturities		(21,332	)		(4,823	)		(16,509	)
Long-term debt, excluding current maturities	$	1,898,152		$	23,211		$	1,874,941

Summary of Long-Term Debt Matures

Long-term debt matures as follows:

	Debt			Deferred financing costs		Debt, net of deferred financing costs
2017	$	39,375	$		5,459	$	33,916
2018	$	45,000	$		5,647	$	39,353
2019	$	348,750	$		3,749	$	345,001
2020	$	—	$		3,769	$	(3,769	)
2021	$	—	$		3,993	$	(3,993	)
Later years	$	1,945,027	$		6,352	$	1,938,675

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, 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, 2016 and 2015:

	December 31, 2016
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	433,125		$	4,769		$	428,356
5 7/8% Senior Subordinated Notes		500,000			7,071			492,929
5% Senior Subordinated Notes		535,000			5,709			529,291
5 3/8% Senior Notes		510,000			5,662			504,338
5 3/4% Senior Notes		400,000			5,758			394,242
Other notes with various rates and terms		27			—			27
		2,378,152			28,969			2,349,183
Less current maturities		(39,375	)		(5,459	)		(33,916	)
Long-term debt, excluding current maturities	$	2,338,777		$	23,510		$	2,315,267


	December 31, 2015
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	373,750		$	5,104		$	368,646
5 7/8% Senior Subordinated Notes		500,000			8,219			491,781
5% Senior Subordinated Notes		535,000			6,451			528,549
5 3/8% Senior Notes		510,000			6,306			503,694
Other notes with various rates and terms		734			—			734
		1,919,484			26,080			1,893,404
Less current maturities		(21,332	)		(4,823	)		(16,509	)
Long-term debt, excluding current maturities	$	1,898,152		$	21,257		$	1,876,895

Summary of Long-Term Debt Matures

Long-term debt matures as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2017	$	39,375	$	5,459	$	33,916
2018	$	45,000	$	5,647	$	39,353
2019	$	348,750	$	3,749	$	345,001
2020	$	—	$	3,769	$	(3,769	)
2021	$	—	$	3,993	$	(3,993	)
Later years	$	1,945,027	$	6,352	$	1,938,675

- 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
-Paragraph 3
-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
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-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
-SubTopic 30
-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
-Paragraph 8
-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
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-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

Asset Retirement Obligation (Tables)

12 Months Ended

Dec. 31, 2016

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		1,680
Accretion expense		4,845
Liabilities settled		(4,618	)
Balance at December 31, 2015	$	206,234
Additions to asset retirement obligations		5,008
Accretion expense		4,272
Liabilities settled		(4,625	)
Balance at December 31, 2016	$	210,889

Depreciation and Amortization (Tables)

12 Months Ended

Dec. 31, 2016

Depreciation And Amortization [Abstract]

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

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

	Year Ended December 31,
	2016		2015		2014
Direct expenses	$	191,169	$	175,937	$	241,471
General and administrative expenses		3,650		3,178		4,534
Corporate expenses		10,139		12,318		12,430
	$	204,958	$	191,433	$	258,435

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2016:
U.S. federal	$	9,518	$	(935	)	$	8,583
State and local		2,681		(6	)		2,675
Foreign		1,500		598			2,098
	$	13,699	$	(343	)	$	13,356
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	)

U.S. and Foreign Components of Earnings Before Income Taxes

The U.S. and foreign components of earnings before income taxes are as follows:

	2016			2015		2014
U.S.	$	313,429		$	282,774	$	144,298
Foreign		(1,264	)		1,854		(872	)
Total	$	312,165		$	284,628	$	143,426

Schedule of Effective Income Tax Rate Reconciliation

	2016			2015			2014
Income tax expense at U.S. federal statutory rate	$	109,257		$	99,620		$	50,199
Tax adjustment related to REIT^(a)		(101,868	)		(92,073	)		(44,891	)
State and local income taxes, net of federal income tax benefit		1,481			1,180			1,017
Book expenses not deductible for tax purposes		2,465			2,117			2,061
Stock-based compensation		169			66			(33	)
Valuation allowance^(b)		2,340			13,818			—
Rate change		(19	)		90			91
Deferred tax adjustment due to REIT conversion		—			—			(120,081	)
Other differences, net		(469	)		(2,760	)		1,545
Income tax expense	$	13,356		$	22,058		$	(110,092	)

^(a)	Includes dividend paid deduction of $102,888, $83,750 and $62,937 for the tax years ended December 31, 2016, 2015 and 2014, respectively.

^(b)

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:

	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	551		$	722
Accrued liabilities not deducted for tax purposes		4,574			4,362
Asset retirement obligation		116			97
Net operating loss carry forwards		14,835			12,762
Tax credit carry forwards		153			155
Charitable contributions carry forward		6			6
Property, plant and equipment		1,424			1,080
Investment in partnerships		320			246
Gross deferred tax assets		21,979			19,430
Less: valuation allowance		(16,167	)		(13,827	)
Net deferred tax assets		5,812			5,603
Deferred tax liabilities:
Intangibles		(6,091	)		(6,303	)
Gross deferred tax liabilities		(6,091	)		(6,303	)
Net deferred tax liabilities	$	(279	)	$	(700	)
Classification in the consolidated balance sheets:
Current deferred tax assets	$	1,582		$	1,352
Noncurrent deferred tax liabilities		(1,861	)		(2,052	)
Net deferred tax liabilities	$	(279	)	$	(700	)

Reconciliation Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance as of December 31, 2015	$	—
Additions for tax positions related to current year		696
Additions for tax positions related to prior years		76
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2016	$	772

LAMAR MEDIA CORP [Member]

Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2016:
U.S. federal	$	9,518	$	(935	)	$	8,583
State and local		2,681		(6	)		2,675
Foreign		1,500		598			2,098
	$	13,699	$	(343	)	$	13,356
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	)

U.S. and Foreign Components of Earnings Before Income Taxes

The U.S. and foreign components of earnings before income taxes are as follows:

	2016			2015		2014
U.S.	$	313,801		$	283,107	$	144,643
Foreign		(1,264	)		1,854		(872	)
Total	$	312,537		$	284,961	$	143,771

Schedule of Effective Income Tax Rate Reconciliation

	2016			2015			2014
Income tax expense at U.S. federal statutory rate	$	109,388		$	99,736		$	50,320
Tax adjustment related to REIT^(a)		(101,999	)		(92,189	)		(45,012	)
State and local income taxes, net of federal income tax benefit		1,481			1,180			1,017
Book expenses not deductible for tax purposes		2,465			2,117			2,061
Stock-based compensation		169			66			(33	)
Valuation allowance^(b)		2,340			13,818			—
Rate Change		(19	)		90			91
Deferred tax adjustment due to REIT conversion		—			—			(153,472	)
Other differences, net		(469	)		(2,760	)		1,764
Income tax expense	$	13,356		$	22,058		$	(143,264	)

^(a)	Includes dividend paid deduction of $102,888, $83,866 and $63,058 for the tax years ended December 31, 2016, 2015 and 2014, respectively.

^(b)

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:

	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	551		$	722
Accrued liabilities not deducted for tax purposes		4,574			4,362
Asset retirement obligation		116			97
Net operating loss carry forwards		14,835			12,762
Tax credit carry forwards		153			155
Charitable contributions carry forward		6			6
Property, plant and equipment		1,424			1,080
Investment in partnership		320			246
Gross deferred tax assets		21,979			19,430
Less: valuation allowance		(16,167	)		(13,827	)
Net deferred tax assets		5,812			5,603
Deferred tax liabilities:
Intangibles		(6,091	)		(6,303	)
Gross deferred tax liabilities		(6,091	)		(6,303	)
Net deferred tax liabilities		(279	)		(700	)
Classification in the consolidated balance sheets:
Current deferred tax assets	$	1,582		$	1,352
Noncurrent deferred tax liabilities		(1,861	)		(2,052	)
Net deferred tax liabilities	$	(279	)	$	(700	)

Reconciliation Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows

Balance as of December 31, 2015	$	—
Additions for tax positions related to current year		696
Additions for tax positions related to prior years		76
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2016	$	772

Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used:

Grant Year	Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Lives
2016		5%		45%		2%		6
2015		5%		45%		2%		6
2014		2%		48%		1%		6

Stock Option Transactions under Various Stock-Based Employee Compensation Plans

Information regarding the 1996 Plan for the year ended December 31, 2016 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		1,926,055		$	37.49
Granted		131,000			63.48
Exercised		(470,029	)		36.49
Forfeited		(19,600	)		51.56
Expired		—			—
Outstanding, end of year		1,567,426			39.78		5.63
Exercisable at end of year		1,080,526			36.20		5.04

Summary of ESPP Share Activity

The following is a summary of 2009 ESPP share activity for the year ended December 31, 2016:

	Shares
Available for future purchases, January 1, 2016		279,589
Additional shares reserved under 2009 ESPP		82,084
Purchases		(111,100	)
Available for future purchases, December 31, 2016		250,573

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015.

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income applicable to common stock	$	51,223	$	81,818	$	84,970	$	80,433
Net income per common share basic	$	0.53	$	0.84	$	0.87	$	0.83
Net income per common share diluted	$	0.53	$	0.84	$	0.87	$	0.81

	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

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, 2016 and 2015.

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income	$	51,407	$	81,998	$	85,168	$	80,608

	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

Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP [Member]

12 Months Ended

Dec. 31, 2016

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of December 31, 2016


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	13,886	$	269,373	$	32,076	$	—		$	315,335
Net property, plant and equipment		—		1,161,205		21,510		—			1,182,715
Intangibles and goodwill, net		—		2,321,160		31,732		—			2,352,892
Other assets		3,453,161		10,379		116		(3,430,536	)		33,120
Total assets	$	3,467,047	$	3,762,117	$	85,434	$	(3,430,536	)	$	3,884,062
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	33,916	$	—	$	—	$	—		$	33,916
Other current liabilities		38,904		180,107		21,135		—			240,146
Total current liabilities		72,820		180,107		21,135		—			274,062
Long-term debt		2,315,267		—		—		—			2,315,267
Other noncurrent liabilities		22,574		215,198		53,909		(53,334	)		238,347
Total liabilities		2,410,661		395,305		75,044		(53,334	)		2,827,676
Stockholders’ equity		1,056,386		3,366,812		10,390		(3,377,202	)		1,056,386
Total liabilities and stockholders’ equity	$	3,467,047	$	3,762,117	$	85,434	$	(3,430,536	)	$	3,884,062

Condensed Consolidating Balance Sheet as of December 31, 2015


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

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		2,943,826		11,451		535		(2,923,702	)		32,110
Total assets	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	16,509	$	—	$	—	$	—		$	16,509
Other current liabilities		29,268		163,955		22,618		—			215,841
Total current liabilities		45,777		163,955		22,618		—			232,350
Long-term debt		1,876,895		—		—		—			1,876,895
Other noncurrent liabilities		20,059		210,233		53,659		(53,037	)		230,914
Total liabilities		1,942,731		374,188		76,277		(53,037	)		2,340,159
Stockholders’ equity		1,007,181		2,859,639		11,026		(2,870,665	)		1,007,181
Total liabilities and stockholders’ equity	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340

Condensed Consolidating Statements of Income and Comprehensive Income

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2016


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,450,997		$	53,190		$	(3,893	)	$	1,500,294
Operating expenses
Direct advertising expenses ⁽¹⁾		—			497,011			31,197			(2,611	)		525,597
General and administrative expenses ⁽¹⁾		—			259,152			10,271			—			269,423
Corporate expenses ⁽¹⁾		—			74,587			1,407			—			75,994
Depreciation and amortization		—			197,117			7,841			—			204,958
(Gain) loss on disposition of assets		—			(15,365	)		270			—			(15,095	)
		—			1,012,502			50,986			(2,611	)		1,060,877
Operating income (loss)		—			438,495			2,204			(1,282	)		439,417
Equity in (earnings) loss of subsidiaries		(426,053	)		—			—			426,053			—
Interest expense (income), net		123,674			(6	)		1,296			(1,282	)		123,682
Other expenses		3,198			—			—			—			3,198
Income (loss) before income tax expense		299,181			438,501			908			(426,053	)		312,537
Income tax expense ⁽²⁾		—			11,258			2,098			—			13,356
Net income (loss)	$	299,181		$	427,243		$	(1,190	)	$	(426,053	)	$	299,181

Statement of Comprehensive Income
Net income (loss)	$	299,181		$	427,243		$	(1,190	)	$	(426,053	)	$	299,181
Total other comprehensive income, net of tax		—			—			554			—			554
Total comprehensive income (loss)	$	299,181		$	427,243		$	(636	)	$	(426,053	)	$	299,735

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2015


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,302,770		$	54,045		$	(3,419	)	$	1,353,396
Operating expenses
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	)
		—			923,392			48,974			(2,330	)		970,036
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 (loss) 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 Income and Comprehensive Income for the Year Ended December 31, 2014


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,240,324		$	51,070		$	(4,334	)	$	1,287,060
Operating expenses
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	)
		—			962,059			48,232			(2,246	)		1,008,045
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 (loss) before income tax expense		287,035			278,366			32,508			(454,138	)		143,771
Income tax (benefit) expense⁽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 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, 2016


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	394,215		$	597,948		$	7,526		$	(504,423	)	$	495,266
Cash flows from investing activities:
Acquisitions		—			(585,054	)		—			—			(585,054	)
Capital expenditures		—			(104,440	)		(3,172	)		—			(107,612	)
Proceeds from disposition of assets and investments		—			11,662			—			—			11,662
Investment in subsidiaries		(585,054	)		—			—			585,054			—
(Increase) decrease in intercompany notes receivable		(260	)		—			—			260			—
Decrease in notes receivable		21			—			—			—			21
Net cash (used in) provided by investing activities		(585,293	)		(677,832	)		(3,172	)		585,314			(680,983	)
Cash flows from financing activities:
Principal payments on long-term debt		(21,118	)		—			—			—			(21,118	)
Payment on revolving credit facility		(403,000	)		—			—			—			(403,000	)
Proceeds received from revolving credit facility		483,000			—			—			—			483,000
Proceeds received from note offering		400,000			—			—			—			400,000
Payment on senior credit facility		(300,000	)		—			—			—			(300,000	)
Proceeds received from senior credit facility		300,000			—			—			—			300,000
Debt issuance costs		(9,467	)		—			—			—			(9,467	)
Intercompany loan proceeds (payments)		—			—			260			(260	)		—
Distributions to non-controlling interest		—			—			(420	)		—			(420	)
Contributions from (to) parent		49,274			585,054			—			(585,054	)		49,274
Dividends (to) from parent		(299,804	)		(504,423	)		—			504,423			(299,804	)
Net cash provided by (used in) financing activities		198,885			80,631			(160	)		(80,891	)		198,465
Effect of exchange rate changes in cash and cash equivalents		—			—			455			—			455
Net increase in cash and cash equivalents		7,807			747			4,649			—			13,203
Cash and cash equivalents at beginning of period		4,955			454			16,418			—			21,827
Cash and cash equivalents at end of period	$	12,762		$	1,201		$	21,067		$	—		$	35,030

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2015


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	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) provided by 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 (payments)		—			—			717			(717	)		—
Distributions to non-controlling interest		—			—			(1,130	)		—			(1,130	)
Dividends (to) from 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 (decrease) increase 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


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	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 in notes receivable		10			4,452			—			—			4,462
Net cash (used in) provided by 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 (payments)		—			—			17,034			(17,034	)		—
Distributions to non-controlling interest		—			—			(1,094	)		—			(1,094	)
Dividends (to) from 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) provided by 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

Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) Billboard State Transit Reporting_Unit $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays \| Billboard	149,000
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	41,000
Number of states in which the company operates transit advertising displays \| State	19
Number of reporting units \| Reporting_Unit	2
REIT threshold percentage of taxable income to be distributed to stockholders	90.00%
Distributions paid, per share \| $ / shares	$ 3.02	$ 2.75	$ 2.50
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	$ 28,560	$ 25,890	$ 24,120
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	149,000
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	$ 28,560	25,890	24,120
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	10,142
Performance-Based Stock Incentive Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	18,069
Stock Awards to Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	349
Taxable Income Distribution [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid	$ 293,600	$ 265,145	$ 198,520
Distributions paid, per share \| $ / shares	$ 3.02	$ 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
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 Policies - Revenue and Expense Recognized for Advertising Barter Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Net revenues	$ 8,051	$ 7,956	$ 7,839
Direct advertising expenses	3,559	3,137	2,928
General and administrative expenses	$ 4,067	$ 4,407	$ 4,675

Acquisitions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) Market	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets paid in cash	$ 585,054	$ 153,877	$ 65,021
2016 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	594,054
Total purchase price of outdoor advertising assets paid in cash	585,054
Non cash consideration of outdoor advertising assets	9,000
Gain on exchange of outdoor advertising assets	8,599
Total acquired intangible assets	494,679
Portion of acquired intangible assets assigned to goodwill	180,001
Amount deductible for tax purposes	180,001
Aggregate amortization expense related to acquisition	20,430
2016 Acquisitions [Member] \| Other [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 314,678
Weighted average useful life	14 years
2016 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 45,619
Weighted average useful life	7 years
2016 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 268,763
Weighted average useful life	15 years
Clear Channel Outdoor Holdings, Inc [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	$ 458,500
Number of business acquired \| Market	5
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
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

Acquisitions - Summary of Allocation of Acquisition Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
2016 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment	$ 100,257
Goodwill	180,001
Asset acquisition costs	166
Current assets	6,694
Other assets	4,185
Current liabilities	(9,714)
Long–term liabilities	(2,047)
Total	594,054
2016 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	268,763
2016 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	130
2016 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 45,619
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
2015 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		87,899
2015 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		455
2015 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		$ 14,901

Acquisitions - Summary of Unaudited Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
2016 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues	$ 1,509,704	$ 1,469,699
Net income applicable to common stock	$ 297,164	$ 251,299
Net income per common share — basic	$ 3.06	$ 2.61
Net income per common share — diluted	$ 3.04	$ 2.61
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

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash acquisition of capital expenditures and outdoor advertising assets	$ 9,000,000	$ 6,036,000	$ 1,900,000
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	9,000,000	6,036,000	$ 1,900,000
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 - Summary of Major Categories of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,294,251	$ 3,139,239
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 355,211	326,942
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	$ 147,660	136,587
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	$ 2,643,529	2,529,301
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	$ 147,851	$ 146,409
Automotive and Other Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	3 years
Automotive and Other Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	7 years

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,523,887	$ 2,208,699
Accumulated Amortization	1,886,734	1,805,813
Goodwill gross carrying amount	1,979,894	1,800,130
Goodwill accumulated amortization	253,536	253,536
LAMAR MEDIA CORP [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,523,342	2,208,154
Accumulated Amortization	1,886,657	1,805,736
Goodwill gross carrying amount	1,968,874	1,789,110
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	$ 559,513	513,832
Accumulated Amortization	490,514	477,006
Customer Lists and Contracts [Member] \| LAMAR MEDIA CORP [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	559,513	513,832
Accumulated Amortization	$ 490,514	477,006
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	$ 64,646	64,514
Accumulated Amortization	63,692	63,453
Non-competition Agreements [Member] \| LAMAR MEDIA CORP [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	64,646	64,514
Accumulated Amortization	$ 63,692	63,453
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	$ 1,885,554	1,616,345
Accumulated Amortization	1,318,976	1,251,825
Site Locations [Member] \| LAMAR MEDIA CORP [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,885,554	1,616,345
Accumulated Amortization	$ 1,318,976	1,251,825
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	$ 14,174	14,008
Accumulated Amortization	13,552	13,529
Other [Member] \| LAMAR MEDIA CORP [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,629	13,463
Accumulated Amortization	$ 13,475	$ 13,452
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 Intangible Assets - Summary of Changes in Gross Carrying Amount of Goodwill (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 1,800,130
Goodwill acquired during the year	180,001
Purchase price adjustments and other	(237)
Impairment losses	0
Goodwill, ending balance	1,979,894
LAMAR MEDIA CORP [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1,789,110
Goodwill acquired during the year	180,001
Purchase price adjustments and other	(237)
Impairment losses	0
Goodwill, ending balance	$ 1,968,874

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 80,864	$ 66,490	$ 96,139

Goodwill and Other Intangible Assets - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
2017	$ 79,115
2018	74,367
2019	68,865
2020	58,989
2021	53,882
Thereafter	301,935
Total	$ 637,153	$ 402,886

Leases - Summary of Minimum Annual Rental Payments (Detail) $ in Thousands	Dec. 31, 2016 USD ($)
Leases [Abstract]
2017	$ 185,792
2018	148,062
2019	133,004
2020	117,701
2021	101,745
Thereafter	$ 728,384

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases [Abstract]
Rental expense related to company's operating lease	$ 266,706	$ 240,518	$ 227,879

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	$ 16,764	$ 14,943
Interest	38,904	29,268
Insurance benefits	15,672	13,951
Accrued lease expense	36,928	33,628
Stock-based compensation	17,696	15,301
Other	8,469	8,117
Total	134,433	115,208
LAMAR MEDIA CORP [Member]
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	16,764	14,943
Interest	38,904	29,268
Accrued lease expense	36,928	33,628
Stock-based compensation	17,696	15,301
Other	20,879	17,588
Total	$ 131,171	$ 110,728

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 2,378,152	$ 1,919,484
Debt, Less current maturities	(39,375)	(21,332)
Debt, excluding current maturities	2,338,777	1,898,152
Deferred financing costs	28,969	28,034
Deferred financing costs, Less current maturities	(5,459)	(4,823)
Deferred financing costs, excluding current maturities	23,510	23,211
Debt, net of deferred financing costs	2,349,183	1,891,450
Debt, net of deferred financing costs, Less current maturities	(33,916)	(16,509)
Debt, net of deferred financing costs, excluding current maturities	2,315,267	1,874,941
LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	2,378,152	1,919,484
Debt, Less current maturities	(39,375)	(21,332)
Debt, excluding current maturities	2,338,777	1,898,152
Deferred financing costs	28,969	26,080
Deferred financing costs, Less current maturities	(5,459)	(4,823)
Deferred financing costs, excluding current maturities	23,510	21,257
Debt, net of deferred financing costs	2,349,183	1,893,404
Debt, net of deferred financing costs, Less current maturities	(33,916)	(16,509)
Debt, net of deferred financing costs, excluding current maturities	2,315,267	1,876,895
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	433,125	373,750
Deferred financing costs	4,769	7,058
Debt, net of deferred financing costs	428,356	366,692
Senior Credit Facility [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	433,125	373,750
Deferred financing costs	4,769	5,104
Debt, net of deferred financing costs	428,356	368,646
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	500,000	500,000
Deferred financing costs	7,071	8,219
Debt, net of deferred financing costs	492,929	491,781
5 7/8% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	500,000	500,000
Deferred financing costs	7,071	8,219
Debt, net of deferred financing costs	492,929	491,781
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	5,709	6,451
Debt, net of deferred financing costs	529,291	528,549
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	5,709	6,451
Debt, net of deferred financing costs	529,291	528,549
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	5,662	6,306
Debt, net of deferred financing costs	504,338	503,694
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	5,662	6,306
Debt, net of deferred financing costs	504,338	503,694
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	27	734
Debt, net of deferred financing costs	27	734
Other Notes with Various Rates and Terms [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	27	734
Debt, net of deferred financing costs	27	$ 734
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,758
Debt, net of deferred financing costs	394,242
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,758
Debt, net of deferred financing costs	$ 394,242

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Dec. 31, 2016	Jan. 28, 2016	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%			5.875%
5 7/8% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.875%		5.875%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%		5.00%		5.00%
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%		5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%		5.375%	5.375%
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%		5.375%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%	5.75%
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%

Long-term Debt - Summary of Long-Term Debt Matures (Detail) $ in Thousands	Dec. 31, 2016 USD ($)
Debt [Member]
Debt Instrument [Line Items]
2017	$ 39,375
2018	45,000
2019	348,750
Later years	1,945,027
Debt [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
2017	39,375
2018	45,000
2019	348,750
Later years	1,945,027
Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2017	5,459
2018	5,647
2019	3,749
2020	3,769
2021	3,993
Later years	6,352
Deferred Financing Costs [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
2017	5,459
2018	5,647
2019	3,749
2020	3,769
2021	3,993
Later years	6,352
Debt Net of Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2017	33,916
2018	39,353
2019	345,001
2020	(3,769)
2021	(3,993)
Later years	1,938,675
Debt Net of Deferred Financing Costs [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
2017	33,916
2018	39,353
2019	345,001
2020	(3,769)
2021	(3,993)
Later years	$ 1,938,675

Long-term Debt - Additional Information (Detail)						12 Months Ended
Long-term Debt - Additional Information (Detail)	Jan. 28, 2016 USD ($)	Apr. 18, 2014 USD ($)	Jan. 10, 2014 USD ($)	Oct. 30, 2012 USD ($)	Feb. 09, 2012 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Feb. 03, 2014 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount of debt issued						$ 2,378,152,000
Proceeds received from senior credit facility						300,000,000	$ 300,000,000
Loss on extinguishment of debt						3,198,000	26,023,000
Amended and restated date		Apr. 18, 2014
Outstanding revolving credit facility						180,000,000
Remaining borrowing capacity under revolving credit facility						209,896,000
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 one		3.00
Ratio of indebtedness to net capital minimum		1
Term A Loan Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than or Equal to Three [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.75%
Term A Loan Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.00%
Ratio of indebtedness to net capital one		3.00
Ratio of indebtedness to net capital minimum		1
Term A Loan Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than or Equal to Three [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 one		3.00
Ratio of indebtedness to net capital minimum		1
Revolving Credit Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than or Equal to Three [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.75%
Revolving Credit Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than or Equal to Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate		2.00%
Ratio of indebtedness to net capital one		4.25
Ratio of indebtedness to net capital minimum		1
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.25%
Ratio of indebtedness to net capital one		3.00
Ratio of indebtedness to net capital minimum		1
Revolving Credit Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than or Equal to Three [Member]
Debt Instrument [Line Items]
Adjusted Rate		0.75%
Revolving Credit Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than or Equal to Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate		1.00%
Ratio of indebtedness to net capital one		4.25
Ratio of indebtedness to net capital minimum		1
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance						10,104,000
LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Proceeds received from senior credit facility						300,000,000	300,000,000
Loss on extinguishment of debt						$ 3,198,000	$ 26,023,000
LAMAR MEDIA CORP [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maturity date						Feb. 02, 2019
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes					5.875%	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%		5.875%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes				5.00%		5.00%		5.00%
Aggregate principal amount of debt issued				$ 535,000,000
Net proceeds from the issuance of debt				$ 527,100,000
Redemption 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%		5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes			5.375%			5.375%		5.375%
Aggregate principal amount of debt issued			$ 510,000,000
Net proceeds from the issuance of debt			$ 502,300,000
Redemption price percentage of the principal amount to be purchased			101.00%
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes						5.375%		5.375%
5 3/8% Senior Notes [Member] \| Prior to January 15, 2017 [Member]
Debt Instrument [Line Items]
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] \| Prior to January 15, 2019 [Member]
Debt Instrument [Line Items]
Redemption percentage equal to principal amount include aggregate premium			100.00%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes	5.75%					5.75%
Aggregate principal amount of debt issued	$ 400,000,000
Net proceeds from the issuance of debt	$ 394,500,000
Redemption price percentage of the principal amount to be purchased	101.00%
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP [Member]
Debt Instrument [Line Items]
Interest rate on convertible notes						5.75%
5 3/4% Senior Notes [Member] \| Prior to February 1, 2019 [Member]
Debt Instrument [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]
Debt Instrument [Line Items]
Additional redeemed percentage of aggregate principal amount	100.00%
Senior Credit Facility [Member]
Debt Instrument [Line Items]
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
Incremental Facility [Member] \| Term A Loan Facility [Member]
Debt Instrument [Line Items]
Incremental loan limit eliminated as per amendment		$ 500,000,000
Ratio of indebtedness to net capital one		3.5
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
Accounting Standards Update 2015-03 [Member] \| Long Term Debt Current Maturities [Member]
Debt Instrument [Line Items]
Cumulative effect to total assets, current maturities of long-term debt and long term debt due to adoption of ASU 2015-03								$ 4,823,000
Accounting Standards Update 2015-03 [Member] \| Long Term Debt Non- Current [Member]
Debt Instrument [Line Items]
Cumulative effect to total assets, current maturities of long-term debt and long term debt due to adoption of ASU 2015-03								23,211,000
Accounting Standards Update 2015-03 [Member] \| Assets [Member]
Debt Instrument [Line Items]
Cumulative effect to total assets, current maturities of long-term debt and long term debt due to adoption of ASU 2015-03								$ 28,034,000

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
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)	12 Months Ended
	Dec. 31, 2016
March 31, 2017 [Member]
Debt Instrument [Line Items]
Principal payment date	March 31, 2017
June 30, 2017-December 31, 2018 [Member]
Debt Instrument [Line Items]
Principal payment date	June 30, 2017-December 31, 2018

Asset Retirement Obligation - Information Related to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 206,234	$ 204,327
Additions to asset retirement obligations	5,008	1,680
Accretion expense	4,272	4,845
Liabilities settled	(4,625)	(4,618)
Ending Balance	$ 210,889	$ 206,234

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Statements of Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 204,958	$ 191,433	$ 258,435
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	191,169	175,937	241,471
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	3,650	3,178	4,534
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 10,139	$ 12,318	$ 12,430

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

Income Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
U.S. federal, Current	$ 9,518	$ 7,686	$ 8,721
State and local, Current	2,681	1,746	2,632
Foreign, Current	1,500	1,527	692
Total Current	13,699	10,959	12,045
U.S. federal, Deferred	(935)	(930)	(119,014)
State and local, Deferred	(6)	(246)	(2,909)
Foreign, Deferred	598	12,275	(214)
Total, Deferred	(343)	11,099	(122,137)
U.S. federal, Total	8,583	6,756	(110,293)
State and local, Total	2,675	1,500	(277)
Foreign, Total	2,098	13,802	478
Income tax expense	13,356	22,058	(110,092)
LAMAR MEDIA CORP [Member]
Income Tax [Line Items]
U.S. federal, Current	9,518	7,686	8,993
State and local, Current	2,681	1,746	2,579
Foreign, Current	1,500	1,527	692
Total Current	13,699	10,959	12,264
U.S. federal, Deferred	(935)	(930)	(151,191)
State and local, Deferred	(6)	(246)	(4,124)
Foreign, Deferred	598	12,275	(213)
Total, Deferred	(343)	11,099	(155,528)
U.S. federal, Total	8,583	6,756	(142,198)
State and local, Total	2,675	1,500	(1,545)
Foreign, Total	2,098	13,802	479
Income tax expense	$ 13,356	$ 22,058	$ (143,264)

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Deferred income tax expense	$ (343,000)	$ 11,099,000	$ (122,137,000)
Income taxes payable	$ 747,000	$ 524,000
Income tax rate	35.00%	35.00%	35.00%
Net operating loss subject to IRC 382	$ 2,043,000
Amounts of credits available to offset income tax	$ 4,789,000
Deferred tax assets valuation expected rate	0.00%
Net operating income	$ 439,045,000	$ 383,027,000	$ 278,670,000
Potential deferred tax liability	10,946,000
Undistributed earnings of subsidiaries	31,275,000
Unrecognized tax benefits	772,000
Income tax penalties and interest expense	18,000
LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Deferred income tax expense	(343,000)	11,099,000	$ (155,528,000)
Income taxes payable	$ 747,000	$ 524,000
Income tax rate	35.00%	35.00%	35.00%
Net operating loss subject to IRC 382	$ 2,043,000
Amounts of credits available to offset income tax	$ 19,560,000
Deferred tax assets valuation expected rate	0.00%
Net operating income	$ 439,417,000	$ 383,360,000	$ 279,015,000
Potential deferred tax liability	10,946,000
Undistributed earnings of subsidiaries	31,275,000
Unrecognized tax benefits	772,000
Income tax penalties and interest expense	18,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Amounts of credits available to offset income tax	218,000
State net operating loss carry forward	588,877,000
Valuation allowance for State and Local deferred tax assets	0	0
Net change in total state valuation allowance	0	0	2,322,000
State and Local Jurisdiction [Member] \| LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Amounts of credits available to offset income tax	218,000
State net operating loss carry forward	551,156,000
Valuation allowance for State and Local deferred tax assets	0	0
Net change in total state valuation allowance	0	0	1,751,000
U S [Member]
Operating Loss Carryforwards [Line Items]
US net operating loss carry forwards	230,302,000
U S [Member] \| LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
US net operating loss carry forwards	94,169,000
Puerto Rico [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss subject to IRC 382	36,188,000
Amounts of credits available to offset income tax	153,000
Valuation allowance for State and Local deferred tax assets	16,167,000	13,827,000
Net change in total state valuation allowance	2,340,000	13,818,000
Net operating income	5,643,000
Puerto Rico [Member] \| LAMAR MEDIA CORP [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss subject to IRC 382	36,188,000
Amounts of credits available to offset income tax	153,000
Valuation allowance for State and Local deferred tax assets	16,167,000	13,827,000
Net change in total state valuation allowance	2,340,000	$ 13,818,000
Net operating income	$ 5,643,000
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

Income Taxes - U.S. and Foreign Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	$ 313,429	$ 282,774	$ 144,298
Foreign	(1,264)	1,854	(872)
Income before income tax expense	312,165	284,628	143,426
LAMAR MEDIA CORP [Member]
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	313,801	283,107	144,643
Foreign	(1,264)	1,854	(872)
Income before income tax expense	$ 312,537	$ 284,961	$ 143,771

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	$ 109,257	$ 99,620	$ 50,199
Tax adjustment related to REIT	(101,868)	(92,073)	(44,891)
State and local income taxes, net of federal income tax benefit	1,481	1,180	1,017
Book expenses not deductible for tax purposes	2,465	2,117	2,061
Stock-based compensation	169	66	(33)
Valuation allowance	2,340	13,818
Rate change	(19)	90	91
Deferred tax adjustment due to REIT conversion			(120,081)
Other differences, net	(469)	(2,760)	1,545
Income tax expense	13,356	22,058	(110,092)
LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	109,388	99,736	50,320
Tax adjustment related to REIT	(101,999)	(92,189)	(45,012)
State and local income taxes, net of federal income tax benefit	1,481	1,180	1,017
Book expenses not deductible for tax purposes	2,465	2,117	2,061
Stock-based compensation	169	66	(33)
Valuation allowance	2,340	13,818
Rate change	(19)	90	91
Deferred tax adjustment due to REIT conversion			(153,472)
Other differences, net	(469)	(2,760)	1,764
Income tax expense	$ 13,356	$ 22,058	$ (143,264)

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	$ 102,888	$ 83,750	$ 62,937
Valuation allowance	2,340	13,818
LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	102,888	83,866	$ 63,058
Valuation allowance	2,340	13,818
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	2,340	13,818
Puerto Rico [Member] \| LAMAR MEDIA CORP [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	$ 2,340	$ 13,818

Income Taxes - Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowance for doubtful accounts	$ 551	$ 722
Accrued liabilities not deducted for tax purposes	4,574	4,362
Asset retirement obligation	116	97
Net operating loss carry forwards	14,835	12,762
Tax credit carry forwards	153	155
Charitable contributions carry forward	6	6
Property, plant and equipment	1,424	1,080
Investment in partnerships	320	246
Gross deferred tax assets	21,979	19,430
Less: valuation allowance	(16,167)	(13,827)
Net deferred tax assets	5,812	5,603
Deferred tax liabilities:
Intangibles	(6,091)	(6,303)
Gross deferred tax liabilities	(6,091)	(6,303)
Net deferred tax liabilities	(279)	(700)
Classification in the consolidated balance sheets:
Current deferred tax assets	1,582	1,352
Noncurrent deferred tax liabilities	(1,861)	(2,052)
Net deferred tax liabilities	(279)	(700)
LAMAR MEDIA CORP [Member]
Deferred tax assets:
Allowance for doubtful accounts	551	722
Accrued liabilities not deducted for tax purposes	4,574	4,362
Asset retirement obligation	116	97
Net operating loss carry forwards	14,835	12,762
Tax credit carry forwards	153	155
Charitable contributions carry forward	6	6
Property, plant and equipment	1,424	1,080
Investment in partnerships	320	246
Gross deferred tax assets	21,979	19,430
Less: valuation allowance	(16,167)	(13,827)
Net deferred tax assets	5,812	5,603
Deferred tax liabilities:
Intangibles	(6,091)	(6,303)
Gross deferred tax liabilities	(6,091)	(6,303)
Net deferred tax liabilities	(279)	(700)
Classification in the consolidated balance sheets:
Current deferred tax assets	1,582	1,352
Noncurrent deferred tax liabilities	(1,861)	(2,052)
Net deferred tax liabilities	$ (279)	$ (700)

Income Taxes - Reconciliation Unrecognized Tax Benefits (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Income Tax [Line Items]
Additions for tax positions related to current year	$ 696
Additions for tax positions related to prior years	76
Ending balance	772
LAMAR MEDIA CORP [Member]
Income Tax [Line Items]
Additions for tax positions related to current year	696
Additions for tax positions related to prior years	76
Ending balance	$ 772

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Receivables from employees			$ 10	$ 0
LAMAR MEDIA CORP [Member]
Related Party Transaction [Line Items]
Amount payable to parent company			7,476	6,259
Amount contributed to affiliate			$ 49,274	$ 52,263
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

Stockholders' Equity - Additional Information (Detail) - USD ($)		12 Months Ended
	Jul. 16, 1999	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2015	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	$ 0
Stock repurchase program expiration date		Jun. 30, 2016
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 - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	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 which primarily includes 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Period of graded vesting for option valuation	4 years
Period of cliff vesting for option valuation	5 years
Expected dividend yield	5.00%	5.00%	2.00%
Total unrecognized compensation cost related to nonvested awards	$ 2,843
Weighted average number of years over which compensation cost related to nonvested awards is expected to be recognized	1 year 6 months 29 days
Shares available for future stock option and restricted share grants to employees and directors under existing plans	1,421,193
Aggregate intrinsic value of options outstanding	$ 43,041
Aggregate intrinsic value of options exercisable	33,541
Total intrinsic value of options exercised	12,182
Accrued expenses, liability	$ 17,696	$ 15,301
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected Volatility	90.00%
Volatility rate on publicly traded options	10.00%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	5 years
1996 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance to directors and employees	15,500,000
1996 Equity Incentive Plan [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	0.00%
1996 Equity Incentive Plan [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	100.00%
Performance Based Compensation [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 17,398
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	250,573	279,589
Additional shares reserved under 2009 ESPP	82,084
2009 Employee Stock Purchase Plan [Member] \| Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance to directors and employees	588,154
Employee stock purchase plan, which available for issuance of common stock	88,154
Additional shares reserved under 2009 ESPP	82,084

Stock Compensation Plans - Weighted Average Fair Value of Options Granted (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Dividend Yield	5.00%	5.00%	2.00%
Expected Volatility	45.00%	45.00%	48.00%
Risk Free Interest Rate	2.00%	2.00%	1.00%
Expected Lives	6 years	6 years	6 years

Stock Compensation Plans - Stock Option Transactions Under Various Stock-Based Employee Compensation Plans (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding, Beginning Balance, Shares	1,926,055
Granted, Shares	131,000
Exercised, Shares	(470,029)	(881,936)	(522,032)
Forfeited, Shares	(19,600)
Outstanding, Ending Balance, Shares	1,567,426	1,926,055
Exercisable, Ending Balance, Shares	1,080,526
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 37.49
Granted, Weighted Average Exercise Price	63.48
Exercised, Weighted-Average Exercise Price	36.49
Forfeited, Weighted Average Exercise Price	51.56
Outstanding, Ending Balance, Weighted Average Exercise Price	39.78	$ 37.49
Exercisable, Ending Balance, Weighted Average Exercise Price	$ 36.20
Outstanding, Ending balance, Weighted Average Remaining Contractual Term	5 years 7 months 17 days
Exercisable, Ending Balance, Weighted Average Remaining Contractual Term	5 years 15 days

Stock Compensation Plans - Summary of ESPP Share Activity (Detail)	12 Months Ended
	Dec. 31, 2016 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, December 31, 2016	1,421,193
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2016	279,589
Additional shares reserved under 2009 ESPP	82,084
Purchases	(111,100)
Available for future purchases, December 31, 2016	250,573

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employees eligibility	Completed one year of service and are at least 21 years of age
Minimum years of service required to participate in Company sponsored saving and profit sharing plan	1 year
Minimum age required to participate in Company sponsored saving and profit sharing plan	21 years
Employers contribution and compensation	Match 50% of employees’ contributions up to 5% of eligible compensation
Employers contribution as percentage of employees contribution	50.00%
Employers contribution as percentage of employees compensation	5.00%
Employees contribution limit	100.00%
Fully vesting period of contribution	3 years
Minimum age for entitlement to benefit of deferred compensation plan	30 years
Minimum years of experience to attain the benefit of deferred compensation plan	10 years
Deferred compensation arrangement with individual employees contribution minimum	$ 3,000
Deferred compensation arrangement with individual employees contribution maximum	8,000
Deferred Profit Sharing [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	4,545,000	$ 4,148,000	$ 3,973,000
Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	1,487,000	$ 1,430,000	$ 1,400,000
Benefit Plans [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Letters of credit with bank	$ 1,305,000

Distribution Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 2,702,633	$ 2,487,196
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	6.0
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	6.0
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 Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 2,444,231
Gross amount of company's long term debt	2,378,152
Carrying amount of company's long term debt	$ 2,378,152	$ 1,919,484

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 4,893	$ 5,613
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 32,669	$ 32,705	$ 33,124

Quarterly Financial Data - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interim Reporting [Line Items]
Net revenues	$ 386,717	$ 387,516	$ 387,528	$ 338,533	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 1,500,294	$ 1,353,396	$ 1,287,060
Net revenues less direct advertising expenses	254,348	255,738	254,803	209,808	233,068	229,025	228,298	189,245
Net income applicable to common stock	$ 80,433	$ 84,970	$ 81,818	$ 51,223	$ 76,437	$ 85,874	$ 59,269	$ 40,625	298,444	262,205	253,153
Net income									$ 298,809	$ 262,570	$ 253,518
Net income per common share basic	$ 0.83	$ 0.87	$ 0.84	$ 0.53	$ 0.80	$ 0.89	$ 0.61	$ 0.42	$ 3.07	$ 2.72	$ 2.66
Net income per common share - diluted	$ 0.81	$ 0.87	$ 0.84	$ 0.53	$ 0.80	$ 0.89	$ 0.61	$ 0.42	$ 3.05	$ 2.72	$ 2.66
LAMAR MEDIA CORP [Member]
Interim Reporting [Line Items]
Net revenues	$ 386,717	$ 387,516	$ 387,528	$ 338,533	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 1,500,294	$ 1,353,396	$ 1,287,060
Net revenues less direct advertising expenses	254,348	255,738	254,803	209,808	233,068	229,025	228,298	189,245
Net income	$ 80,608	$ 85,168	$ 81,998	$ 51,407	$ 76,607	$ 86,043	$ 59,449	$ 40,804	$ 299,181	$ 262,903	$ 287,035

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
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	$ 8,984	$ 7,957	$ 7,615
Charged to Costs and Expenses	6,870	6,506	5,947
Deductions	6,498	5,479	5,605
Balance at End of Period	9,356	8,984	7,957
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	8,984	7,957	7,615
Charged to Costs and Expenses	6,870	6,506	5,947
Deductions	6,498	5,479	5,605
Balance at End of Period	9,356	8,984	7,957
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	13,827	9	2,331
Charged to Costs and Expenses	2,340	13,821
Deductions		3	2,322
Balance at End of Period	16,167	13,827	9
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member] \| LAMAR MEDIA CORP [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	13,827	9	1,760
Charged to Costs and Expenses	2,340	13,821
Deductions		3	1,751
Balance at End of Period	$ 16,167	$ 13,827	$ 9

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) Display	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays \| Display	333,523
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	2,998,540	$ 2,856,243	$ 2,837,442	$ 2,772,308
Accumulated Depreciation	$ (1,973,958)	(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 \| Display	333,523
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	2,998,540	2,856,243	2,837,442	2,772,308
Accumulated Depreciation	$ (1,973,958)	$ (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 Real Estate and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016 Asset
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 Company's Real Estate Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Gross real estate assets:
Balance at the beginning of the year	$ 2,856,243	$ 2,837,442	$ 2,772,308
Capital expenditures on new advertising displays	50,799	46,871	53,832
Capital expenditures on improvements/redevelopments of existing advertising displays	12,031	14,412	12,961
Capital expenditures other recurring	26,254	34,336	25,870
Land acquisitions	30,283	13,851	4,701
Acquisition of advertising displays	69,821	13,781	6,021
Assets sold or written-off	(47,317)	(101,912)	(37,005)
Foreign exchange	426	(2,538)	(1,246)
Balance at the end of the year	2,998,540	2,856,243	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	1,910,860	1,903,434	1,799,325
Depreciation	100,197	100,005	135,679
Assets sold or written-off	(37,373)	(91,218)	(30,994)
Foreign exchange	274	(1,361)	(576)
Balance at the end of the year	1,973,958	1,910,860	1,903,434
LAMAR MEDIA CORP [Member]
Gross real estate assets:
Balance at the beginning of the year	2,856,243	2,837,442	2,772,308
Capital expenditures on new advertising displays	50,799	46,871	53,832
Capital expenditures on improvements/redevelopments of existing advertising displays	12,031	14,412	12,961
Capital expenditures other recurring	26,254	34,336	25,870
Land acquisitions	30,283	13,851	4,701
Acquisition of advertising displays	69,821	13,781	6,021
Assets sold or written-off	(47,317)	(101,912)	(37,005)
Foreign exchange	426	(2,538)	(1,246)
Balance at the end of the year	2,998,540	2,856,243	2,837,442
Accumulated depreciation:
Balance at the beginning of the year	1,910,860	1,903,434	1,799,325
Depreciation	100,197	100,005	135,679
Assets sold or written-off	(37,373)	(91,218)	(30,994)
Foreign exchange	274	(1,361)	(576)
Balance at the end of the year	$ 1,973,958	$ 1,910,860	$ 1,903,434

Schedule III - Summary of Company's Real Estate Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 4,623	$ 502
LAMAR MEDIA CORP [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	4,623	502
Advertising Display [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	379	2,698	$ 3,126
Advertising Display [Member] \| LAMAR MEDIA CORP [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 379	2,698	$ 3,126
Land Acquisition [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts		200
Land Acquisition [Member] \| LAMAR MEDIA CORP [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts		$ 200

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Total current assets	$ 315,835	$ 281,732
Net property, plant and equipment	1,182,715	1,095,137
Other assets	38,405	37,395
Total assets	3,900,466	3,363,744
Current liabilities:
Current maturities of long-term debt, net of deferred financing costs	33,916	16,509
Total current liabilities	277,324	236,830
Long-term debt, net of deferred financing costs	2,315,267	1,874,941
Total liabilities	2,830,938	2,342,685
Stockholders’ equity	1,069,528	1,021,059	$ 981,466	$ 932,946
Total liabilities and stockholders’ equity	3,900,466	3,363,744
LAMAR MEDIA CORP [Member]
ASSETS
Total current assets	315,335	281,232
Net property, plant and equipment	1,182,715	1,095,137
Intangibles and goodwill, net	2,352,892	1,938,861
Other assets	33,120	32,110
Total assets	3,884,062	3,347,340
Current liabilities:
Current maturities of long-term debt, net of deferred financing costs	33,916	16,509
Other current liabilities	240,146	215,841
Total current liabilities	274,062	232,350
Long-term debt, net of deferred financing costs	2,315,267	1,876,895
Other noncurrent liabilities	238,347	230,914
Total liabilities	2,827,676	2,340,159
Stockholders’ equity	1,056,386	1,007,181	$ 966,891	$ 884,490
Total liabilities and stockholders’ equity	3,884,062	3,347,340
LAMAR MEDIA CORP [Member] \| Lamar Media [Member]
ASSETS
Total current assets	13,886	6,086
Other assets	3,453,161	2,943,826
Total assets	3,467,047	2,949,912
Current liabilities:
Current maturities of long-term debt, net of deferred financing costs	33,916	16,509
Other current liabilities	38,904	29,268
Total current liabilities	72,820	45,777
Long-term debt, net of deferred financing costs	2,315,267	1,876,895
Other noncurrent liabilities	22,574	20,059
Total liabilities	2,410,661	1,942,731
Stockholders’ equity	1,056,386	1,007,181
Total liabilities and stockholders’ equity	3,467,047	2,949,912
LAMAR MEDIA CORP [Member] \| Guarantor Subsidiaries [Member]
ASSETS
Total current assets	269,373	245,685
Net property, plant and equipment	1,161,205	1,072,595
Intangibles and goodwill, net	2,321,160	1,904,096
Other assets	10,379	11,451
Total assets	3,762,117	3,233,827
Current liabilities:
Other current liabilities	180,107	163,955
Total current liabilities	180,107	163,955
Other noncurrent liabilities	215,198	210,233
Total liabilities	395,305	374,188
Stockholders’ equity	3,366,812	2,859,639
Total liabilities and stockholders’ equity	3,762,117	3,233,827
LAMAR MEDIA CORP [Member] \| Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	32,076	29,461
Net property, plant and equipment	21,510	22,542
Intangibles and goodwill, net	31,732	34,765
Other assets	116	535
Total assets	85,434	87,303
Current liabilities:
Other current liabilities	21,135	22,618
Total current liabilities	21,135	22,618
Other noncurrent liabilities	53,909	53,659
Total liabilities	75,044	76,277
Stockholders’ equity	10,390	11,026
Total liabilities and stockholders’ equity	85,434	87,303
LAMAR MEDIA CORP [Member] \| Eliminations [Member]
ASSETS
Other assets	(3,430,536)	(2,923,702)
Total assets	(3,430,536)	(2,923,702)
Current liabilities:
Other noncurrent liabilities	(53,334)	(53,037)
Total liabilities	(53,334)	(53,037)
Stockholders’ equity	(3,377,202)	(2,870,665)
Total liabilities and stockholders’ equity	$ (3,430,536)	$ (2,923,702)

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net revenues	$ 386,717	$ 387,516	$ 387,528	$ 338,533	$ 355,969	$ 350,701	$ 344,249	$ 302,477	$ 1,500,294	$ 1,353,396	$ 1,287,060
Operating expenses
Direct advertising expenses									525,597	473,760	453,269
General and administrative expenses (exclusive of depreciation and amortization)									269,423	242,182	230,800
Corporate expenses (exclusive of depreciation and amortization)									76,366	71,759	69,078
Depreciation and amortization									204,958	191,433	258,435
(Gain) loss on disposition of assets									(15,095)	(8,765)	(3,192)
Total Operating Expenses									1,061,249	970,369	1,008,390
Operating income									439,045	383,027	278,670
Income before income tax expense									312,165	284,628	143,426
Income tax (benefit) expense									13,356	22,058	(110,092)
Net income									298,809	262,570	253,518
Statements of Comprehensive Income
Net income									298,809	262,570	253,518
Comprehensive income									299,363	258,938	252,105
LAMAR MEDIA CORP [Member]
Net revenues	386,717	387,516	387,528	338,533	355,969	350,701	344,249	302,477	1,500,294	1,353,396	1,287,060
Operating expenses
Direct advertising expenses									525,597	473,760	453,269
General and administrative expenses (exclusive of depreciation and amortization)									269,423	242,182	230,800
Corporate expenses (exclusive of depreciation and amortization)									75,994	71,426	68,733
Depreciation and amortization									204,958	191,433	258,435
(Gain) loss on disposition of assets									(15,095)	(8,765)	(3,192)
Total Operating Expenses									1,060,877	970,036	1,008,045
Operating income									439,417	383,360	279,015
Interest expense (income), net									123,682	98,399	105,152
Other expenses (income)									3,198		30,092
Income before income tax expense									312,537	284,961	143,771
Income tax (benefit) expense									13,356	22,058	(143,264)
Net income	80,608	85,168	81,998	51,407	76,607	86,043	59,449	40,804	299,181	262,903	287,035
Statements of Comprehensive Income
Net income	$ 80,608	$ 85,168	$ 81,998	$ 51,407	$ 76,607	$ 86,043	$ 59,449	$ 40,804	299,181	262,903	287,035
Foreign currency translation adjustments									554	(3,632)	(1,413)
Comprehensive income									299,735	259,271	285,622
LAMAR MEDIA CORP [Member] \| Lamar Media [Member]
Operating expenses
Equity in (earnings) loss of subsidiaries									(426,053)	(361,330)	(454,138)
Interest expense (income), net									123,674	98,427	105,234
Other expenses (income)									3,198		61,869
Income before income tax expense									299,181	262,903	287,035
Net income									299,181	262,903	287,035
Statements of Comprehensive Income
Net income									299,181	262,903	287,035
Comprehensive income									299,181	262,903	287,035
LAMAR MEDIA CORP [Member] \| Guarantor Subsidiaries [Member]
Net revenues									1,450,997	1,302,770	1,240,324
Operating expenses
Direct advertising expenses									497,011	446,765	427,945
General and administrative expenses (exclusive of depreciation and amortization)									259,152	231,914	220,497
Corporate expenses (exclusive of depreciation and amortization)									74,587	69,721	67,154
Depreciation and amortization									197,117	183,757	249,655
(Gain) loss on disposition of assets									(15,365)	(8,765)	(3,192)
Total Operating Expenses									1,012,502	923,392	962,059
Operating income									438,495	379,378	278,265
Interest expense (income), net									(6)	(33)	(101)
Income before income tax expense									438,501	379,411	278,366
Income tax (benefit) expense									11,258	8,256	(143,743)
Net income									427,243	371,155	422,109
Statements of Comprehensive Income
Net income									427,243	371,155	422,109
Comprehensive income									427,243	371,155	422,109
LAMAR MEDIA CORP [Member] \| Non-Guarantor Subsidiaries [Member]
Net revenues									53,190	54,045	51,070
Operating expenses
Direct advertising expenses									31,197	29,325	27,570
General and administrative expenses (exclusive of depreciation and amortization)									10,271	10,268	10,303
Corporate expenses (exclusive of depreciation and amortization)									1,407	1,705	1,579
Depreciation and amortization									7,841	7,676	8,780
(Gain) loss on disposition of assets									270
Total Operating Expenses									50,986	48,974	48,232
Operating income									2,204	5,071	2,838
Interest expense (income), net									1,296	1,094	2,107
Other expenses (income)											(31,777)
Income before income tax expense									908	3,977	32,508
Income tax (benefit) expense									2,098	13,802	479
Net income									(1,190)	(9,825)	32,029
Statements of Comprehensive Income
Net income									(1,190)	(9,825)	32,029
Foreign currency translation adjustments									554	(3,632)	(1,413)
Comprehensive income									(636)	(13,457)	30,616
LAMAR MEDIA CORP [Member] \| Eliminations [Member]
Net revenues									(3,893)	(3,419)	(4,334)
Operating expenses
Direct advertising expenses									(2,611)	(2,330)	(2,246)
Total Operating Expenses									(2,611)	(2,330)	(2,246)
Operating income									(1,282)	(1,089)	(2,088)
Equity in (earnings) loss of subsidiaries									426,053	361,330	454,138
Interest expense (income), net									(1,282)	(1,089)	(2,088)
Income before income tax expense									(426,053)	(361,330)	(454,138)
Net income									(426,053)	(361,330)	(454,138)
Statements of Comprehensive Income
Net income									(426,053)	(361,330)	(454,138)
Comprehensive income									$ (426,053)	$ (361,330)	$ (454,138)

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 521,823	$ 477,650	$ 452,529
Cash flows from investing activities:
Acquisitions	(585,054)	(153,877)	(65,021)
Capital expenditures	(107,612)	(110,425)	(107,573)
Proceeds from disposition of assets and investments	11,662	10,429	4,135
Decrease (increase) in notes receivable	21	(7)	4,462
Cash flows used in investing activities	(680,983)	(253,880)	(163,997)
Cash flows from financing activities:
Principal payments on long term debt	(21,118)	(15,468)	(11,750)
Payment on revolving credit facility	(403,000)	(282,000)	(410,000)
Proceeds received from revolving credit facility	483,000	317,000	325,000
Proceeds received from note offering	400,000		510,000
Payment on senior subordinated notes			(415,752)
Payment on senior credit facility	(300,000)		(352,106)
Proceeds received from senior credit facility	300,000		300,000
Debt issuance costs	(9,467)		(17,441)
Distributions to non-controlling interest	(420)	(1,130)	(1,094)
Cash flows provided by (used in) financing activities	171,908	(224,808)	(294,315)
Effect of exchange rate changes in cash and cash equivalents	455	(2,670)	(1,394)
Net increase (decrease) in cash and cash equivalents	13,203	(3,708)	(7,177)
Cash and cash equivalents at beginning of period	22,327	26,035	33,212
Cash and cash equivalents at end of period	35,530	22,327	26,035
LAMAR MEDIA CORP [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	495,266	453,421	434,580
Cash flows from investing activities:
Acquisitions	(585,054)	(153,877)	(65,021)
Capital expenditures	(107,612)	(110,425)	(107,573)
Proceeds from disposition of assets and investments	11,662	10,429	4,135
Decrease (increase) in notes receivable	21	(7)	4,462
Cash flows used in investing activities	(680,983)	(253,880)	(163,997)
Cash flows from financing activities:
Principal payments on long term debt	(21,118)	(15,468)	(11,750)
Payment on revolving credit facility	(403,000)	(282,000)	(410,000)
Proceeds received from revolving credit facility	483,000	317,000	325,000
Proceeds received from note offering	400,000		510,000
Payment on senior subordinated notes			(415,752)
Payment on senior credit facility	(300,000)		(352,106)
Proceeds received from senior credit facility	300,000		300,000
Debt issuance costs	(9,467)		(17,442)
Distributions to non-controlling interest	(420)	(1,130)	(1,094)
Contributions from (to) parent	49,274	52,263	38,201
Dividends (to) from parent	(299,804)	(271,244)	(241,422)
Cash flows provided by (used in) financing activities	198,465	(200,579)	(276,365)
Effect of exchange rate changes in cash and cash equivalents	455	(2,670)	(1,395)
Net increase (decrease) in cash and cash equivalents	13,203	(3,708)	(7,177)
Cash and cash equivalents at beginning of period	21,827	25,535	32,712
Cash and cash equivalents at end of period	35,030	21,827	25,535
LAMAR MEDIA CORP [Member] \| Lamar Media [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	394,215	348,116	335,043
Cash flows from investing activities:
Investment in subsidiaries	(585,054)	(153,877)	(65,021)
(Increase) decrease in intercompany notes receivable	(260)	(717)	(17,034)
Decrease (increase) in notes receivable	21	193	10
Cash flows used in investing activities	(585,293)	(154,401)	(82,045)
Cash flows from financing activities:
Principal payments on long term debt	(21,118)	(15,468)	(11,750)
Payment on revolving credit facility	(403,000)	(282,000)	(410,000)
Proceeds received from revolving credit facility	483,000	317,000	325,000
Proceeds received from note offering	400,000		510,000
Payment on senior subordinated notes			(415,752)
Payment on senior credit facility	(300,000)		(328,856)
Proceeds received from senior credit facility	300,000		300,000
Debt issuance costs	(9,467)		(17,442)
Contributions from (to) parent	49,274	52,263	38,201
Dividends (to) from parent	(299,804)	(271,244)	(241,422)
Cash flows provided by (used in) financing activities	198,885	(199,449)	(252,021)
Net increase (decrease) in cash and cash equivalents	7,807	(5,734)	977
Cash and cash equivalents at beginning of period	4,955	10,689	9,712
Cash and cash equivalents at end of period	12,762	4,955	10,689
LAMAR MEDIA CORP [Member] \| Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	597,948	537,763	526,987
Cash flows from investing activities:
Acquisitions	(585,054)	(145,865)	(65,021)
Capital expenditures	(104,440)	(106,126)	(104,976)
Proceeds from disposition of assets and investments	11,662	10,429	4,135
Decrease (increase) in notes receivable		(200)	4,452
Cash flows used in investing activities	(677,832)	(241,762)	(161,410)
Cash flows from financing activities:
Contributions from (to) parent	585,054	145,865	65,021
Dividends (to) from parent	(504,423)	(441,892)	(432,664)
Cash flows provided by (used in) financing activities	80,631	(296,027)	(367,643)
Net increase (decrease) in cash and cash equivalents	747	(26)	(2,066)
Cash and cash equivalents at beginning of period	454	480	2,546
Cash and cash equivalents at end of period	1,201	454	480
LAMAR MEDIA CORP [Member] \| Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	7,526	9,434	5,214
Cash flows from investing activities:
Acquisitions		(8,012)
Capital expenditures	(3,172)	(4,299)	(2,597)
Cash flows used in investing activities	(3,172)	(12,311)	(2,597)
Cash flows from financing activities:
Payment on senior credit facility			(23,250)
Intercompany loan proceeds (payments)	260	717	17,034
Distributions to non-controlling interest	(420)	(1,130)	(1,094)
Contributions from (to) parent		8,012
Cash flows provided by (used in) financing activities	(160)	7,599	(7,310)
Effect of exchange rate changes in cash and cash equivalents	455	(2,670)	(1,395)
Net increase (decrease) in cash and cash equivalents	4,649	2,052	(6,088)
Cash and cash equivalents at beginning of period	16,418	14,366	20,454
Cash and cash equivalents at end of period	21,067	16,418	14,366
LAMAR MEDIA CORP [Member] \| Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(504,423)	(441,892)	(432,664)
Cash flows from investing activities:
Investment in subsidiaries	585,054	153,877	65,021
(Increase) decrease in intercompany notes receivable	260	717	17,034
Cash flows used in investing activities	585,314	154,594	82,055
Cash flows from financing activities:
Intercompany loan proceeds (payments)	(260)	(717)	(17,034)
Contributions from (to) parent	(585,054)	(153,877)	(65,021)
Dividends (to) from parent	504,423	441,892	432,664
Cash flows provided by (used in) financing activities	$ (80,891)	$ 287,298	$ 350,609