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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Feb. 01, 2019	Jun. 29, 2018
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
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			$ 5,734,846,576
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		85,163,142
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14,420,085
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Registrant Name	LAMAR MEDIA CORP/DE
Entity Central Index Key	0000899045
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Class Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 21,494	$ 115,471
Receivables, net of allowance for doubtful accounts	235,576	201,699
Prepaid lease and contract expenses	80,684	70,755
Other current assets	25,915	32,594
Total current assets	363,669	420,519
Property, plant and equipment	3,525,725	3,384,723
Less accumulated depreciation and amortization	(2,230,677)	(2,170,585)
Net property, plant and equipment	1,295,048	1,214,138
Goodwill	1,919,386	1,740,454
Intangible assets, net	915,453	796,348
Other assets	51,085	42,886
Total assets	4,544,641	4,214,345
Current liabilities:
Trade accounts payable	21,246	17,961
Current maturities of long-term debt, net of deferred financing costs	204,120	17,664
Accrued expenses	122,467	197,675
Deferred income	107,202	92,694
Total current liabilities	455,035	325,994
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Deferred income tax liabilities	20,734	884
Asset retirement obligation	222,989	215,089
Other liabilities	29,531	29,859
Total liabilities	3,412,857	3,110,852
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Stockholders’ equity:
Additional paid-in-capital	1,852,421	1,762,499
Accumulated comprehensive income	12	1,302
Accumulated deficit	(695,337)	(639,106)
Cost of shares held in treasury, 388,903 and 331,284 shares in 2018 and 2017, respectively	(25,412)	(21,300)
Stockholders’ equity	1,131,784	1,103,493
Total liabilities and stockholders’ equity	4,544,641	4,214,345
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	20,994	114,971
Receivables, net of allowance for doubtful accounts	235,576	201,699
Prepaid lease and contract expenses	80,684	70,755
Other current assets	25,915	32,594
Total current assets	363,169	420,019
Property, plant and equipment	3,525,725	3,384,723
Less accumulated depreciation and amortization	(2,230,677)	(2,170,585)
Net property, plant and equipment	1,295,048	1,214,138
Goodwill	1,909,235	1,730,303
Intangible assets, net	914,984	795,879
Other assets	45,450	37,603
Total assets	4,527,886	4,197,942
Current liabilities:
Trade accounts payable	21,246	17,961
Current maturities of long-term debt, net of deferred financing costs	204,120	17,664
Accrued expenses	117,300	193,667
Deferred income	107,202	92,694
Total current liabilities	449,868	321,986
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Deferred income tax liabilities	20,734	884
Asset retirement obligation	222,989	215,089
Other liabilities	29,531	29,859
Total liabilities	3,407,690	3,106,844
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Stockholders’ equity:
Additional paid-in-capital	2,922,907	2,832,940
Accumulated comprehensive income	12	1,302
Accumulated deficit	(1,802,723)	(1,743,144)
Stockholders’ equity	1,120,196	1,091,098
Total liabilities and stockholders’ equity	4,527,886	4,197,942
Series AA Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Common Class A [Member]
Stockholders’ equity:
Common stock, value	86	84
Common Class B [Member]
Stockholders’ equity:
Common stock, value	$ 14	$ 14

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 11,161	$ 10,055
Current deferred financing costs	5,245	5,133
Noncurrent deferred financing costs	$ 20,619	$ 23,586
Shares held in treasury	388,903	331,284
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 11,161	$ 10,055
Current deferred financing costs	5,245	5,133
Noncurrent deferred financing costs	$ 20,619	$ 23,586
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	85,551,595	84,169,118
Common stock, shares outstanding	85,162,692	83,837,834
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	37,500,000	37,500,000
Common stock, shares issued	14,420,085	14,420,085
Common stock, shares outstanding	14,420,085	14,420,085

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net revenues	$ 1,627,222	$ 1,541,260	$ 1,500,294
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 561,848	$ 540,880	$ 525,597
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 289,428	$ 276,229	$ 269,423
Corporate expenses (exclusive of depreciation and amortization)	82,896	62,344	76,366
Depreciation and amortization	225,261	211,104	204,958
Total Operating Expenses	1,166,666	1,085,893	1,061,249
Loss (gain) on disposition of assets	7,233	(4,664)	(15,095)
Operating income	460,556	455,367	439,045
Other expense (income)
Loss on extinguishment of debt	15,429	71	3,198
Interest income	(534)	(6)	(6)
Interest expense	129,732	128,396	123,688
Non-operating (Income) Expenses	144,627	128,461	126,880
Income before income tax expense	315,929	326,906	312,165
Income tax expense	10,697	9,230	13,356
Net income	305,232	317,676	298,809
Preferred stock dividends	365	365	365
Net income applicable to common stock	$ 304,867	$ 317,311	$ 298,444
Earnings per share:
Basic earnings per share	$ 3.09	$ 3.24	$ 3.07
Diluted earnings per share	3.08	3.23	3.05
Cash dividends declared per share of common stock	$ 3.65	$ 3.32	$ 3.02
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	98,817,525	97,930,555	97,129,614
Weighted average common shares outstanding diluted	99,086,160	98,369,865	97,693,424
Statements of Comprehensive Income
Net income	$ 305,232	$ 317,676	$ 298,809
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(1,290)	1,926	554
Comprehensive income	303,942	319,602	299,363
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	$ 1,627,222	$ 1,541,260	$ 1,500,294
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	$ 561,848	$ 540,880	$ 525,597
Type of Cost Good or Service [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	$ 289,428	$ 276,229	$ 269,423
Corporate expenses (exclusive of depreciation and amortization)	82,497	61,962	75,994
Depreciation and amortization	225,261	211,104	204,958
Total Operating Expenses	1,166,267	1,085,511	1,060,877
Loss (gain) on disposition of assets	7,233	(4,664)	(15,095)
Operating income	460,955	455,749	439,417
Other expense (income)
Loss on extinguishment of debt	15,429	71	3,198
Interest income	(534)	(6)	(6)
Interest expense	129,732	128,396	123,688
Non-operating (Income) Expenses	144,627	128,461	126,880
Income before income tax expense	316,328	327,288	312,537
Income tax expense	10,697	9,230	13,356
Net income	305,631	318,058	299,181
Statements of Comprehensive Income
Net income	305,631	318,058	299,181
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(1,290)	1,926	554
Comprehensive income	$ 304,341	$ 319,984	$ 299,735

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Comprehensive Income (Loss) [Member]	Accumulated Comprehensive Income (Loss) [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Beginning Balance at Dec. 31, 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
Exercise of stock options	17,152		1			17,151
Issuance of shares of common stock through employee purchase plan	5,930					5,930
Tax benefit related to options exercised	16					16
Purchase of treasury stock	(6,204)				(6,204)
Foreign currency translation	554							554
Contribution from parent		49,274					49,274
Foreign currency translations		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)
Non-cash compensation	22,503					22,503
Exercise of stock options	20,306					20,306
Issuance of shares of common stock through employee purchase plan	6,378					6,378
Conversion shares of Class B common stock to Class A common stock			1	(1)
Purchase of treasury stock	(8,997)				(8,997)
Foreign currency translation	1,926							1,926
Contribution from parent		49,187					49,187
Foreign currency translations		1,926							1,926
Net income	317,676	318,058								317,676	318,058
Dividend to parent		(334,459)									(334,459)
Dividends/distributions to common shareholders	(325,462)									(325,462)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2017	1,103,493	1,091,098	84	14	(21,300)	1,762,499	2,832,940	1,302	1,302	(639,106)	(1,743,144)
Non-cash compensation	15,024					15,024
Exercise of stock options	13,433		1			13,432
Issuance of shares of common stock through employee purchase plan	7,115					7,115
Issuance of common stock for cash	42,070		1			42,069
Issuance of common stock for purchase of assets	12,282					12,282
Purchase of treasury stock	(4,112)				(4,112)
Foreign currency translation	(1,290)							(1,290)
Contribution from parent		89,967					89,967
Foreign currency translations		(1,290)							(1,290)
Net income	305,232	305,631								305,232	305,631
Dividend to parent		(365,210)									(365,210)
Dividends/distributions to common shareholders	(361,098)									(361,098)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2018	$ 1,131,784	$ 1,120,196	$ 86	$ 14	$ (25,412)	$ 1,852,421	$ 2,922,907	$ 12	$ 12	$ (695,337)	$ (1,802,723)

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Exercise of stock options	361,618	554,049	470,029
Conversion of common stock		190,280
Common stock shares issued for cash	576,002
Common stock shares issued for purchase of assets	163,137
Purchase of treasury stock	57,619	115,196	111,252
Common stock dividends/distributions	$ 3.65	$ 3.32	$ 3.02
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80
Additional Paid-in Capital [Member]
Exercise of stock options	361,618	554,049	470,029
Common stock shares issued for cash	576,002
Common stock shares issued for purchase of assets	163,137
Common Stock [Member]
Conversion of common stock		190,280
Treasury Stock [Member]
Purchase of treasury stock	57,619	115,196	111,252
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 3.65	$ 3.32	$ 3.02
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 305,232	$ 317,676	$ 298,809
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	225,261	211,104	204,958
Stock-based compensation	29,443	9,599	28,560
Amortization included in interest expense	4,920	5,120	5,333
Loss (gain) on disposition of assets and investments	7,233	(4,664)	(15,095)
Loss on extinguishment of debt	15,429	71	3,198
Deferred income tax expense (benefit)	1,538	804	(343)
Provision for doubtful accounts	7,985	6,762	6,870
(Increase) decrease in:
Receivables	(33,292)	(17,524)	(22,677)
Prepaid expenses	(5,433)	309	1,320
Other assets	2,828	(8,410)	5,462
Increase (decrease) in:
Trade accounts payable	1,366	309	(746)
Accrued expenses	(6,292)	(9,508)	10,245
Other liabilities	8,628	(4,632)	(4,071)
Cash flows provided by operating activities	564,846	507,016	521,823
Cash flows from investing activities:
Capital expenditures	(117,638)	(109,329)	(107,612)
Acquisitions	(477,389)	(297,305)	(585,054)
Decrease (increase) in notes receivable	9	515	21
Proceeds received from property insurance claims	4,222
Proceeds from disposition of assets and investments	6,648	6,053	11,662
Cash flows used in investing activities	(584,148)	(400,066)	(680,983)
Cash flows from financing activities:
Net proceeds from issuance of common stock	62,662	26,684	23,082
Cash used for purchase of treasury shares	(4,112)	(8,997)	(6,204)
Proceeds received from revolving credit facility	563,000	495,000	483,000
Payments on revolving credit facility	(481,000)	(477,000)	(403,000)
Principal payments on long term debt	(27,328)	(16,993)	(21,118)
Proceeds received from senior credit facility term loans	599,250	450,000	300,000
Proceeds received from accounts receivable securitization program	175,000
Debt issuance costs	(7,616)	(4,941)	(9,467)
Proceeds received from note offering			400,000
Redemption of senior subordinated notes	(509,790)
Payment on senior credit facility term loans		(247,500)	(300,000)
Distributions to non-controlling interest	(541)	(693)	(420)
Dividends/distributions	(443,088)	(244,201)	(293,965)
Cash flows (used in) provided by financing activities	(73,563)	(28,641)	171,908
Effect of exchange rate changes in cash and cash equivalents	(1,112)	1,632	455
Net (decrease) increase in cash and cash equivalents	(93,977)	79,941	13,203
Cash and cash equivalents at beginning of period	115,471	35,530	22,327
Cash and cash equivalents at end of period	21,494	115,471	35,530
Supplemental disclosures of cash flow information:
Cash paid for interest	136,711	123,213	108,719
Cash paid for state and federal income taxes	8,563	12,640	14,167
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	305,631	318,058	299,181
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	225,261	211,104	204,958
Stock-based compensation	29,443	9,599	28,560
Amortization included in interest expense	4,920	5,120	5,333
Loss (gain) on disposition of assets and investments	7,233	(4,664)	(15,095)
Loss on extinguishment of debt	15,429	71	3,198
Deferred income tax expense (benefit)	1,538	804	(343)
Provision for doubtful accounts	7,985	6,762	6,870
(Increase) decrease in:
Receivables	(33,292)	(17,524)	(22,677)
Prepaid expenses	(5,433)	309	1,320
Other assets	3,270	(8,410)	5,462
Increase (decrease) in:
Trade accounts payable	1,366	309	(746)
Accrued expenses	(6,292)	(9,416)	10,245
Other liabilities	(19,974)	(27,882)	(31,000)
Cash flows provided by operating activities	537,085	484,240	495,266
Cash flows from investing activities:
Capital expenditures	(117,638)	(109,329)	(107,612)
Acquisitions	(477,389)	(297,305)	(585,054)
Decrease (increase) in notes receivable	9	515	21
Proceeds received from property insurance claims	4,222
Proceeds from disposition of assets and investments	6,648	6,053	11,662
Cash flows used in investing activities	(584,148)	(400,066)	(680,983)
Cash flows from financing activities:
Proceeds received from revolving credit facility	563,000	495,000	483,000
Payments on revolving credit facility	(481,000)	(477,000)	(403,000)
Principal payments on long term debt	(27,328)	(16,993)	(21,118)
Proceeds received from senior credit facility term loans	599,250	450,000	300,000
Proceeds received from accounts receivable securitization program	175,000
Debt issuance costs	(7,616)	(4,941)	(9,467)
Proceeds received from note offering			400,000
Redemption of senior subordinated notes	(509,790)
Payment on senior credit facility term loans		(247,500)	(300,000)
Distributions to non-controlling interest	(541)	(693)	(420)
Dividends to parent	(446,744)	(252,925)	(299,804)
Contributions from parent	89,967	49,187	49,274
Cash flows (used in) provided by financing activities	(45,802)	(5,865)	198,465
Effect of exchange rate changes in cash and cash equivalents	(1,112)	1,632	455
Net (decrease) increase in cash and cash equivalents	(93,977)	79,941	13,203
Cash and cash equivalents at beginning of period	114,971	35,030	21,827
Cash and cash equivalents at end of period	20,994	114,971	35,030
Supplemental disclosures of cash flow information:
Cash paid for interest	136,711	123,213	108,719
Cash paid for state and federal income taxes	$ 8,563	$ 12,640	$ 14,167

Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

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 156,900 billboard advertising displays in 45 states and Canada. The Company’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves.

In addition, the Company operates a logo sign business in 23 states throughout the United States and the province of Ontario, Canada and operates approximately 53,300 transit advertising displays in 22 states and Canada. Logo signs are erected pursuant to state-awarded service contracts on public rights-of-way near highway exits and deliver brand name information on available gas, food, lodging and camping services. Included in the Company’s logo sign business are tourism signing contracts. The Company provides transit advertising in airport terminals, on bus shelters, benches and buses in the markets it serves.

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

(b) Principles of Consolidation

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

An operating segment is a component of an enterprise:

•

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

•

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

•

for which discrete financial information is available.

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

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

Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

(d) Goodwill and Intangible Assets

Goodwill is subject to an annual impairment test. The Company designated December 31 as the date of its annual goodwill impairment test. The Company is required to identify its reporting units and determine the carrying value of each reporting unit. The Company has identified two reporting units, Billboard operations and Logo operations, by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units. The Company is required to determine the fair value of each reporting unit and compare it to the carrying amount of the reporting unit. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit, the Company would be required to book an impairment loss.

The Company conducts a qualitative assessment by examining relevant events and circumstances which could have a negative impact on the Company’s goodwill, which includes macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, reporting unit dispositions and acquisitions, the market capitalization of the Company and other relevant events specific to the Company. If, after assessing the totality of events or circumstances described above, the Company determines that it is more likely than not that the fair value of either of the Company's reporting units is less than its carrying amount, the Company will perform a quantitative impairment test. If industry and economic conditions deteriorate, the Company may be required to assess goodwill impairment before the next annual test, which could result in impairment charges.

The Company performed its annual measurement for impairment of the goodwill of its reporting units and concluded the fair value of each reporting unit exceeded its carrying amount at its annual impairment test date on December 31, 2018 and 2017; therefore, the Company was not required to recognize an impairment loss.

Intangible assets, consisting primarily of site locations, customer lists and contracts, and non-competition agreements are amortized using the straight-line method over the assets estimated useful lives, generally from 2 to 15 years.

(e) Impairment of Long-Lived Assets

Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset or asset group before interest expense. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset or asset group. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.

(f) Acquisitions

The Company accounts for transactions that meet the definition of a business and group asset purchases as acquisitions. For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. 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 21 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 satisfaction of its performance obligation.

The Company engages in barter transactions where the Company trades advertising space for goods and services. The Company recognizes revenues and expenses from barter transactions at fair value, which is determined based on the Company’s own historical practice of receiving cash for similar advertising space from buyers unrelated to the party in the barter transaction. The amount of revenue and expense recognized for advertising barter transactions is as follows:

	2018		2017		2016
Net revenues	$	8,955	$	8,469	$	8,051
Direct advertising expenses	$	3,633	$	3,603	$	3,559
General and administrative expenses	$	4,758	$	4,332	$	4,067

(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 year ended December 31, 2018, the Company paid cash distributions of its REIT taxable income in an aggregate amount of $442,632 or $4.48 per share. The distributions paid during 2018 include distributions declared and accrued as of December 31, 2017 of $81,534 or $0.83 per share. During the year ended December 31, 2017, the Company declared distributions of $325,462 or $3.32 per share, including paid distributions of $243,928 or $2.49 per share. During the year ended 2016, the Company declared and paid distributions of its REIT taxable income of an aggregate of $293,600 or $3.02 per share. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company’s control, including the financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in its existing and future debt instruments, the Company’s ability to utilize net operating losses (“NOLs”) to offset, in whole or in part, the Company’s distribution requirements, limitations on its ability to fund distributions using cash generated through its TRSs and other factors that the Board of Directors may deem relevant. During the year ended December 31, 2018, the Company paid cash dividend distributions to holders of its Series AA Preferred Stock in an aggregate amount of $456 or $79.75 per share, including $91, or $15.95 per share, related to distributions declared in 2017. During the years ended December 31, 2017 and 2016, the Company accrued or 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, 2018, 2017 and 2016 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, 2018, 2017, and 2016 were $29,443, $9,599 and $28,560, respectively. The $29,443 expensed during the year ended December 31, 2018 consists of (i) $3,644 related to stock options, (ii) $25,427 related to stock grants made under the Company’s performance-based stock incentive program in 2018 and (iii) $372 related to stock awards to directors. See Note 15 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 leased 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.

(t) Reclassification of prior amounts

Certain amounts in the prior years’ consolidated balance sheet have been reclassified to conform to the current year presentation.

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Significant Accounting Policies

(1) Significant Accounting Policies

(a) Nature of Business

Lamar Media Corp. (“Lamar Media”) is a wholly owned subsidiary of Lamar Advertising Company. Lamar Media is engaged in the outdoor advertising business operating approximately 156,900 outdoor advertising displays in 45 states and Canada. Lamar Media’s operating strategy is to be the leading provider of outdoor advertising services in the markets it serves.

In addition, Lamar Media operates a logo sign business in 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, 3, 5, 7, 10, 11, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23 and 24 and portions of note 1 to the consolidated financial statements of Lamar Advertising Company included elsewhere in this filing are substantially equivalent to that required for the consolidated financial statements of Lamar Media Corp. Earnings per share data is not provided for the operating results of Lamar Media Corp. as it is a wholly owned subsidiary of Lamar Advertising Company.

(b) Principles of Consolidation

The accompanying consolidated financial statements include Lamar Media, its wholly owned subsidiaries, The Lamar Company, L.L.C., Lamar Central Outdoor, LLC, Lamar TRS Holdings, LLC, Lamar Advertising Southwest, Inc., Interstate Logos, L.L.C., Lamar Obie Company, LLC, Lamar Canadian Outdoor Company, Lamar Advertising of Puerto Rico, Inc. and their majority-owned subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

Revenues

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Revenues

(2) Revenue

On January 1, 2018, we adopted FASB Accounting Standards Update (“ASU”) No. 2014-09 (Codified as ASC 606), Revenue from Contracts with Customers using the cumulative effect transition method applied to those contracts which were not completed as of January 1, 2018 and are not accounted for under ASC 840, Leases. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606 or 840, while comparative information has not been adjusted and continues to be reported under ASC 605.

A majority of our billboard, logo, and transit space contracts are accounted for under ASC 840 and will continue to be accounted for under the topic until January 1, 2019, our adoption date of ASU No. 2016-02 (Codified as ASC 842), Leases. Contracts which begin prior to January 1, 2019 and are accounted for under ASC 840 will continue to be accounted for as a lease until the contract ends or is modified. Contracts beginning or modified on or after January 1, 2019 which do not meet the criteria of a lease under ASC 842 will be accounted for under ASC 606, Revenue. The majority of our advertising space contracts will not meet the definition of a lease under ASC 842.

Revenue Recognition

Advertising revenues: The majority of our revenues are derived from contracts for advertising space on billboard, logo and transit displays and are currently accounted for under ASC 840, Leases. Upon the Company’s adoption of ASC 842, Leases the majority of our contracts for advertising space will transition to being accounted for under ASC 606, Revenue. The contract revenues, under ASC 840, Leases and ASC 606, Revenue, are recognized ratably over their contract life.

Other revenues: Our other component of revenue primarily consists of production services which includes creating and printing the advertising copy. As of January 1, 2018 revenue for production contracts is recognized under ASC 606. Contract revenues for production services are recognized upon satisfaction of the contract which is typically less than one week.

Arrangements with multiple performance obligations: Our contracts with customers may include multiple performance obligations. For such arrangements, we allocate revenue to each performance obligation based on the relative standalone selling price. We determine standalone selling prices based on the prices charged to customers using expected cost plus margin.

Deferred revenues: We record deferred revenues when cash payments are received or due in advance of our performance obligation. The term between invoicing and when a payment is due is not significant. For certain services we require payment before the product or services are delivered to the customer. The balance of deferred income is considered short-term and will be recognized in revenue within twelve months.

Practical expedients and exemptions: Upon our transition to ASC 606 from ASC 840, the Company plans to utilize the following practical expedients and exemptions from ASC 606. We generally expense sales commissions when incurred because the amortization period is one year or less. These costs are recorded within direct advertising expense (exclusive of depreciation and amortization). We do not disclose the value of unsatisfied performance obligations as the majority of our contracts with customers have an original expected length of less than one year. For contracts with customers which exceed one year, the future amount to be invoiced to the customer corresponds directly with the value to be received by the customer.

The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the years ended December 31, 2018, 2017 and 2016.

	2018		2017		2016
Billboard Advertising	$	1,412,978	$	1,340,422	$	1,311,861
Logo Advertising		84,424		82,936		80,533
Transit Advertising		129,820		117,902		107,900
Net Revenues	$	1,627,222	$	1,541,260	$	1,500,294

Acquisitions

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Acquisitions

(3) Acquisitions

Year Ended December 31, 2018

During the twelve months ended December 31, 2018, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $489,671, net of acquired cash of $8,554. The total purchase price consisted of the issuance of 163,137 shares of its Class A common stock for $12,282 and cash of $477,389. The purchases included the acquisition of assets in five U.S markets from Fairway Outdoor Advertising (“Fairway”) on December 21, 2018 for an aggregate purchase price of $418,500.

As of December 31, 2018, our fair value allocation of the assets acquired and liabilities assumed from Fairway is considered preliminary and is subject to revision, which may result in adjustments to this allocation. We expect to finalize these amounts as soon as possible but not later than the end of 2019. In order to develop our preliminary fair values, the Company utilized asset information received from Fairway and fair value allocation benchmarks from similar completed transactions. Our preliminary allocation of Fairway includes property, plant and equipment, intangibles and goodwill of $91,173, $156,319 and $182,117, respectively.

Each of these acquisitions was accounted for under the acquisition method of accounting, and, accordingly, the accompanying consolidated financial statements include the results of operations of each acquired entity from the date of acquisition. The acquisition costs have been allocated to assets acquired and liabilities assumed based on fair market value at the dates of acquisition.

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

	Total
Property, plant and equipment	$	8,648
Site locations		57,105
Non-competition agreements		342
Customer lists and contracts		6,521
Asset acquisition costs		336
Current assets		1,041
Current liabilities		(355	)
	$	73,638

Total acquired intangible assets for the year ended December 31, 2018 were $402,740, of which $182,117 was assigned to goodwill. Goodwill is not amortized for financial statement purposes, and no goodwill related to 2018 acquisitions is expected to be deductible for tax purposes. The remaining $220,623 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $33,310 (7 year weighted average useful life) and site locations of $186,635 (15 year weighted average useful life). The aggregate amortization expense related to the 2018 acquisitions for the year ended December 31, 2018 was approximately $2,681.

The following unaudited pro forma financial information for the Company gives effect to the 2018 and 2017 acquisitions as if they had occurred on January 1, 2017. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period.

	2018		2017
	(unaudited)
Net revenues	$	1,699,052	$	1,647,445
Net income applicable to common stock	$	299,493	$	306,900
Net income per common share — basic	$	3.03	$	3.13
Net income per common share — diluted	$	3.02	$	3.12

Year Ended December 31, 2017

During the twelve months ended December 31, 2017, the Company completed several acquisitions of outdoor advertising assets for a total purchase price of $300,185, of which $297,305 was in cash and $2,880 in non-cash consideration consisting principally of exchanges of outdoor advertising assets. As a result of the acquisitions, a gain of $2,389 was recorded for transactions which involved the exchanges of outdoor advertising assets during the year ended December 31, 2017.

	Total
Property, plant and equipment	$	43,483
Goodwill		13,925
Site locations		216,510
Non-competition agreements		826
Customer lists and contracts		26,397
Asset acquisition costs		529
Current assets		3,583
Current liabilities		(1,733	)
Long–term liabilities		(3,335	)
	$	300,185

Total acquired intangible assets for the year ended December 31, 2017 were $258,187, of which $13,925 was assigned to goodwill. Goodwill is not amortized for financial statement purposes, and no goodwill related to 2017 acquisitions is expected to be deductible for tax purposes. The remaining $244,262 of acquired intangible assets have a weighted average useful life of approximately 14 years. The intangible assets include customer lists and contracts of $26,397 (7 year weighted average useful life) and site locations of $216,510 (15 year weighted average useful life). The aggregate amortization expense related to the 2017 acquisitions for the year ended December 31, 2017 was approximately $6,106.

The following unaudited pro forma financial information for the Company gives effect to the 2017 and 2016 acquisitions as if they had occurred on January 1, 2016. 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.

	2017		2016
	(unaudited)
Net revenues	$	1,572,989	$	1,554,758
Net income applicable to common stock	$	318,200	$	297,518
Net income per common share — basic	$	3.25	$	3.06
Net income per common share — diluted	$	3.23	$	3.05

Non-cash Financing and Investing Activities	12 Months Ended
Non-cash Financing and Investing Activities	Dec. 31, 2018
Non-cash Financing and Investing Activities	(4) Non-cash Financing and Investing Activities For the year ended December 31, 2018, the Company had non-cash investing activities for the issuance of 163,137 shares of its Class A common stock related to acquisition purchases. The issuance had an approximate value of $12,282. For the years ended December 31, 2017 and 2016, the Company had $2,879 and $9,000 non-cash investing activities related to capital expenditures and acquisitions of outdoor advertising assets, respectively. During the year ended December 31, 2017, the Company had non-cash financing activity related to declared distributions of $81,625 which were paid to shareholders in January 2018. There were no significant non-cash financing activities during the years ended December 31, 2018 and 2016.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Non-cash Financing and Investing Activities	(2) Non-cash Financing and Investing Activities There were no significant non-cash investing activities for Lamar Media during the year ended December 31, 2018. For the years ended December 31, 2017 and 2016, the Company had non-cash investing activities of $2,879 and $9,000 related to capital expenditures and acquisitions of outdoor advertising assets. During the year ended December 31, 2017, Lamar Media had non-cash financing activities related to dividends to Lamar Advertising Company of $81,534 which were paid in January 2018. There were no significant non-cash financing activities during the years ended December 31, 2018 and 2016.

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

(5) Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2018 and 2017 are as follows:

	Estimated Life (Years)		2018		2017
Land		—	$	384,264	$	369,690
Building and improvements	10 — 39			173,306		160,494
Advertising structures	5 — 15			2,817,170		2,704,356
Automotive and other equipment	3 — 7			150,985		150,183
			$	3,525,725	$	3,384,723

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Other Intangible Assets

(6) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreements	3 — 15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2 — 15			45,992		33,612		45,741		30,328
			$	2,950,906	$	2,035,453	$	2,769,332	$	1,972,984
Unamortizable Intangible Assets:
Goodwill			$	2,172,922	$	253,536	$	1,993,990	$	253,536

The changes in the gross carrying amount of goodwill for the year ended December 31, 2018 are as follows:

Balance as of December 31, 2017	$	1,993,990
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,172,922

Amortization expense for the years ended December 31, 2018, 2017 and 2016 was $95,010, $85,257 and $80,864, respectively. The following is a summary of the estimated amortization expense for future years:

2019	$	103,754
2020		93,200
2021		89,240
2022		84,410
2023		73,552
Thereafter		471,297
Total	$	915,453

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Goodwill and Other Intangible Assets

(3) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreement	3—15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2—15			45,446		33,535		45,195		30,251
			$	2,950,360	$	2,035,376	$	2,768,786	$	1,972,907
Unamortizable Intangible Assets:
Goodwill			$	2,161,902	$	252,667	$	1,982,970	$	252,667

The changes in the gross carrying amount of goodwill for the year ended December 31, 2018 are as follows:

Balance as of December 31, 2017	$	1,982,970
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,161,902

Leases

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Leases

(7) 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, 2018:

2019	$	254,866
2020	$	188,138
2021	$	165,642
2022	$	144,814
2023	$	122,814
Thereafter	$	819,004

Rental expense related to the Company’s operating leases was $381,890, $366,892 and $350,135 for the years ended December 31, 2018, 2017 and 2016, respectively.

Accrued Expenses

12 Months Ended

Dec. 31, 2018

Accrued Expenses

(8) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2018 and 2017:

	2018		2017
Payroll	$	20,667	$	14,962
Interest		27,067		38,967
Insurance benefits		12,633		13,393
Accrued lease expense		36,158		37,073
Stock-based compensation		19,211		4,793
Distributions payable		—		81,625
Other		6,731		6,862
	$	122,467	$	197,675

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Accrued Expenses

(4) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2018 and 2017:

	2018		2017
Payroll	$	20,667	$	14,962
Interest		27,067		38,967
Accrued lease expense		36,158		37,073
Stock-based compensation		19,211		4,793
Dividend to parent payable		—		81,534
Other		14,197		16,338
	$	117,300	$	193,667

Long-term Debt

12 Months Ended

Dec. 31, 2018

Long-term Debt

(9) Long-term Debt

Long-term debt consists of the following at December 31, 2018 and 2017:

	December 31, 2018
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,291,088		$	11,576		$	1,279,512
Accounts Receivable Securitization Program		175,000			1,168			173,832
5% Senior Subordinated Notes		535,000			4,104			530,896
5 3/8% Senior Notes		510,000			4,262			505,738
5 3/4% Senior Notes		400,000			4,754			395,246
Other notes with various rates and terms		3,464			—			3,464
		2,914,552			25,864			2,888,688
Less current maturities		(209,365	)		(5,245	)		(204,120	)
Long-term debt, excluding current maturities	$	2,705,187		$	20,619		$	2,684,568


	December 31, 2017
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	636,750		$	7,689		$	629,061
5 7/8% Senior Subordinated Notes		500,000			5,850			494,150
5% Senior Subordinated Notes		535,000			4,927			530,073
5 3/8% Senior Notes		510,000			4,982			505,018
5 3/4% Senior Notes		400,000			5,271			394,729
Other notes with various rates and terms		3,659			—			3,659
		2,585,409			28,719			2,556,690
Less current maturities		(22,797	)		(5,133	)		(17,664	)
Long-term debt, excluding current maturities	$	2,562,612		$	23,586		$	2,539,026

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2019	$	34,365	$	5,245	$	29,120
2020	$	56,881	$	5,368	$	51,513
2021	$	248,773	$	5,498	$	243,275
2022	$	556,256	$	4,064	$	552,192
2023	$	541,275	$	2,900	$	538,375
Later years	$	1,477,002	$	2,789	$	1,474,213

Senior Credit Facility

Lamar Media’s Third Amended and Restated Credit Agreement dated as of May 15, 2017 (as amended, the “senior credit facility”) originally consisted of (i) a $450,000 senior secured revolving credit facility which will mature on May 15, 2022 (the “revolving credit facility”), (ii) a $450,000 Term A loan facility (the “Term A loans”) which will mature on May 15, 2022, and (iii) an incremental facility pursuant to which Lamar Media may incur additional term loan tranches or increase its revolving credit facility subject to pro forma compliance with the secured debt ratio financial maintenance covenant (the “Incremental Facility”). Lamar Media borrowed all $450,000 in Term A loans on May 15, 2017. The net proceeds of the Term A loans, together with borrowing under the revolving portion of senior credit facility and cash on hand, were used to repay all outstanding amounts under the existing senior credit facility, and all revolving commitments under that facility were terminated.

On March 16, 2018, Lamar Media entered into Amendment No. 1 to the Third Amended and Restated Credit Agreement dated May 15, 2017, which amended the existing senior credit facility to establish a new $600,000 Term B Loan Facility (the “Term B loan”), which will mature on March 16, 2025. Lamar Media borrowed the full amount of the Term B loan on March 16, 2018. The proceeds from the Term B loan, together with available cash on hand were used to redeem in full Lamar Media’s 5 7/8% Senior Subordinated Notes due 2022.

As of December 31, 2018, the senior credit facility consisted of (i) the revolving credit facility, (ii) the Term A loans, (iii) the Term B loans and (iv) the Incremental Facility.

The Term A loans mature on May 15, 2022 and the Term B loans mature on March 16, 2025. The remaining quarterly installments are scheduled to be paid on each March 31, June 30, September 30 and December 31 as follows:

Principal Payment Date	Term A		Term B
March 31, 2019-June 30, 2019	$	5,625	$	1,500
September 30, 2019-June 30, 2020	$	8,438	$	1,500
September 30, 2020-March 31, 2022	$	16,875	$	1,500
Term A Loan Maturity May 15, 2022	$	253,125	$	—
June 30, 2022-December 31, 2024	$	—	$	1,500
Term B Loan Maturity March 16, 2025	$	—	$	559,500

The Term loans bear interest at rates based on the Adjusted LIBO Rate (“Eurodollar term loans”) or the Adjusted Base Rate (“Base Rate term loans”), at Lamar Media’s option. Eurodollar term loans bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 1.75%; (or the Adjusted LIBO Rate plus 1.50% at any time the Total Debt Ratio is less than or equal to 3.25 to 1 for Term A loans only). Base Rate term loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 0.75% (or the Adjusted Base Rate plus 0.50% at any time the Total Debt Ratio is less than or equal to 3.25 to 1 for Term A loans only). The revolving credit facility bears interest at rates based on the Adjusted LIBO Rate (“Eurodollar revolving loans”) or the Adjusted Base Rate (“Base Rate revolving loans”), at Lamar Media’s option. Eurodollar revolving loans bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 2.25% (or the Adjusted LIBO Rate plus 2.00% at any time the Total Debt Ratio is less than or equal to 4.25 to 1; or the Adjusted LIBO Rate plus 1.75% at any time the Total Debt Ratio is less than or equal to 3.00 to 1). Base Rate revolving Loans bear interest at a rate per annum equal to the Adjusted Base Rate plus 1.25% (or the Adjusted Base Rate plus 1.0% at any time the total debt ratio is less than or equal to 4.25 to 1, or the Adjusted Base Rate plus 0.75% at any time the Total Debt Ratio is less than or equal to 3.00 to 1). The guarantees, covenants, events of default and other terms of the senior credit facility apply to the Term A and B loans and revolving credit facility.

As of December 31, 2018, there was $280,000 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 $13,183 letters of credit outstanding as of December 31, 2018 resulting in $156,817 of availability under its revolving facility. Revolving credit loans may be requested under the revolving credit facility at any time prior to its maturity on May 15, 2022.

The terms of Lamar Media’s senior credit facility and the indentures relating to Lamar Media’s outstanding notes restrict, among other things, the ability of Lamar Advertising and Lamar Media to:

•

dispose of assets;

•

incur or repay debt;

•

create liens;

•

make investments; and

•

pay dividends.

The senior credit facility contains provisions that would allow Lamar Media to conduct its affairs in a manner that would allow Lamar Advertising to qualify and remain qualified as a REIT, including by allowing Lamar Media to make distributions to Lamar Advertising required for the Company to qualify and remain qualified for taxation as a REIT, subject to certain restrictions.

Lamar Media’s ability to make distributions to Lamar Advertising is also restricted under the terms of these agreements. Under Lamar Media’s senior credit facility the Company must maintain a specified senior debt ratio at all times and in addition, must satisfy a total debt ratio in order to incur debt, make distributions or make certain investments.

Lamar Advertising and Lamar Media were in compliance with all of the terms of their indentures and the applicable senior credit agreement provisions during the periods presented.

Accounts Receivable Securitization Program

On December 18, 2018 Lamar Media entered into a $175,000 Receivable Financing Agreement (the “AR Program”) with its wholly-owned special purpose entities, Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC (the “Special Purpose Subsidiaries”) maturing on December 17, 2021. The AR Program is limited to the availability of eligible accounts receivable collateralizing the borrowings under the agreements governing the AR Program.

Pursuant to two separate Purchase and Sale Agreements dated December 18, 2018, each of which is among Lamar Media as initial Servicer, certain of Lamar Media’s subsidiaries and a Special Purpose Subsidiary, the subsidiaries sold substantially all of their existing and future accounts receivable balances to the Special Purpose Subsidiaries. The Special Purpose Subsidiaries use the accounts receivable balances to collateralize loans pursuant to the AR Program. Lamar Media retains the responsibility of servicing the accounts receivable balances pledged as collateral under the AR Program and provides a performance guaranty.

As of December 31, 2018 there was $175,000 outstanding on the AR Program bearing interest at approximately 3.4%. Proceeds from the AR Program were used primarily to repay outstanding amounts under our revolving credit facility. The commitment fee based on the amount of unused commitments under the AR Program was immaterial in 2018.

The AR Program is accounted for as a collateralized financing activity, rather than a sale of assets, and therefore: (i) accounts receivable balances pledged as collateral are presented as assets and the borrowings are presented as liabilities on our Consolidated Balance Sheets, (ii) our Consolidated Statements of Income and Comprehensive Income reflect the associated charges for bad debt expense (a component of general and administrative expenses) related to the pledged accounts receivable and interest expense associated with the collateralized borrowings and (iii) receipts from customers related to the underlying accounts receivable are reflected as operating cash flows and borrowings and repayments under the collateralized loans are reflected as financing cash flows within our Consolidated Statements of Cash Flows.

5 7/8% Senior Subordinated Notes

On February 9, 2012, Lamar Media completed an institutional private placement of $500,000 aggregate principal amount of 5 7/8% Senior Subordinated Notes, due 2022 (the “5 7/8% Senior Subordinated Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $489,000. The Company used the proceeds from the Term B loans to redeem all of the 5 7/8% Notes on March 19, 2018 at a redemption price of 101.958% of the aggregate principal amount of the outstanding 5 7/8% Notes, plus accrued and unpaid interest up to but not including the redemption date. In conjunction with the redemption the Company recorded a loss on debt extinguishment of $15,429, of which $9,790 was cash, for the year ended December 31, 2018.

5% Senior Subordinated Notes

On October 30, 2012, Lamar Media completed an institutional private placement of $535,000 aggregate principal amount of 5% Senior Subordinated Notes due 2023 (the “5% Senior Subordinated Notes”). The institutional private placement resulted in net proceeds to Lamar Media of approximately $527,100.

Lamar Media may redeem the 5% Senior Subordinated Notes, in whole or in part, in cash at redemption prices specified in the 5% Senior Subordinated Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5% Senior Subordinated Notes at a price equal to 101% of the principal amount of the 5% Senior Subordinated Notes, plus accrued and unpaid interest, up to but not including the repurchase date.

5 3/8% Senior Notes

On January 10, 2014, Lamar Media completed an institutional private placement of $510,000 aggregate principal amount of 5 3/8% 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.

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 % Senior 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% Senior 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% 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 February 1, 2021, Lamar Media may redeem some or all of the 5 3/4% Senior Notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest thereon plus a make-whole premium. On or after February 1, 2021, Lamar Media may redeem the 5 3/4% Senior Notes, in whole or in part, in cash at redemption prices specified in the 5 3/4% Senior Notes. In addition, if the Company or Lamar Media undergoes a change of control, Lamar Media may be required to make an offer to purchase each holder’s 5 3/4% Senior Notes at a price equal to 101% of the principal amount of the 5 3/4% Senior Notes, plus accrued and unpaid interest, up to but not including the repurchase date.

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Long-term Debt

(5) Long-term Debt

Long-term debt consists of the following at December 31, 2018 and 2017:

	December 31, 2018
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,291,088		$	11,576		$	1,279,512
Accounts Receivable Securitization Program		175,000			1,168			173,832
5% Senior Subordinated Notes		535,000			4,104			530,896
5 3/8% Senior Notes		510,000			4,262			505,738
5 3/4% Senior Notes		400,000			4,754			395,246
Other notes with various rates and terms		3,464			—			3,464
		2,914,552			25,864			2,888,688
Less current maturities		(209,365	)		(5,245	)		(204,120	)
Long-term debt, excluding current maturities	$	2,705,187		$	20,619		$	2,684,568


	December 31, 2017
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	636,750		$	7,689		$	629,061
5 7/8% Senior Subordinated Notes		500,000			5,850			494,150
5% Senior Subordinated Notes		535,000			4,927			530,073
5 3/8% Senior Notes		510,000			4,982			505,018
5 3/4% Senior Notes		400,000			5,271			394,729
Other notes with various rates and terms		3,659			—			3,659
		2,585,409			28,719			2,556,690
Less current maturities		(22,797	)		(5,133	)		(17,664	)
Long-term debt, excluding current maturities	$	2,562,612		$	23,586		$	2,539,026

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2019	$	34,365	$	5,245	$	29,120
2020	$	56,881	$	5,368	$	51,513
2021	$	248,773	$	5,498	$	243,275
2022	$	556,256	$	4,064	$	552,192
2023	$	541,275	$	2,900	$	538,375
Later years	$	1,477,002	$	2,789	$	1,474,213

Asset Retirement Obligation

12 Months Ended

Dec. 31, 2018

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

(10) Asset Retirement Obligation

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

Balance at December 31, 2016	$	210,889
Additions to asset retirement obligations		4,003
Accretion expense		4,236
Liabilities settled		(4,039	)
Balance at December 31, 2017	$	215,089
Additions to asset retirement obligations		7,583
Accretion expense		4,404
Liabilities settled		(4,087	)
Balance at December 31, 2018	$	222,989

Depreciation and Amortization

12 Months Ended

Dec. 31, 2018

Depreciation And Amortization [Abstract]

Depreciation and Amortization

(11) Depreciation and Amortization

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

	Year Ended December 31,
	2018		2017		2016
Direct expenses	$	212,585	$	196,107	$	191,169
General and administrative expenses		4,134		4,151		3,650
Corporate expenses		8,542		10,846		10,139
	$	225,261	$	211,104	$	204,958

Income Taxes

12 Months Ended

Dec. 31, 2018

Income Taxes

(12) Income Taxes

Commencing January 1, 2014, the Company began operating as a REIT for U.S. income tax purposes. Since operating as a REIT, the Company filed, and intends to continue to file, as a REIT, and its TRSs filed, and intend to continue to file, as C corporations. The Company also files tax returns in various states and countries. The Company’s state tax returns reflect different combinations of the Company’s subsidiaries and are dependent on the connection each subsidiary has with a particular state. The following information pertains to the Company’s income taxes on a consolidated basis.

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “TCJA”) was signed into law, making significant changes to the Internal Revenue Code. As a result of the TCJA, a tax benefit of $3,372 and $466 was recorded to current tax expense and deferred tax expense, respectively, for the year ended December 31, 2017.

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697
Year ended December 31, 2017:
U.S. federal	$	4,174	$	359		$	4,533
State and local		2,706		(170	)		2,536
Foreign		1,546		615			2,161
	$	8,426	$	804		$	9,230
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

As of December 31, 2018 and 2017, the Company had income taxes (payable) receivable of $(458) and $3,106, respectively.

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

	2018			2017			2016
U.S.	$	317,695		$	332,607		$	313,429
Foreign		(1,766	)		(5,701	)		(1,264	)
Total	$	315,929		$	326,906		$	312,165

A reconciliation of significant differences between the reported amount of income tax expense and the expected amount of income tax expense that would result from applying the U.S. federal statutory income tax rate of 21 percent to income before taxes for the 2018 tax year and 35 percent for the 2017 and 2016 tax years, is as follows:

	2018			2017			2016
Income tax expense at U.S. federal statutory rate	$	66,345		$	114,417		$	109,257
Tax adjustment related to REIT^(a)		(63,669	)		(109,294	)		(101,868	)
State and local income taxes, net of federal income tax benefit		1,461			1,193			1,481
Book expenses not deductible for tax purposes		1,926			2,635			2,465
Stock-based compensation		1,090			(121	)		169
Valuation allowance^(b)		3,813			3,953			2,340
Rate change^(c)		(80	)		(466	)		(19	)
Undistributed earnings of foreign subsidiaries^(d)		(393	)		1,363			—
Minimum tax credit refundable^(e)		—			(4,108	)		—
Other differences, net^(f)		204			(342	)		(469	)
Income tax expense	$	10,697		$	9,230		$	13,356

^(a)	Includes dividend paid deduction of $69,818, $110,442 and $102,888 for the tax years ended December 31, 2018, 2017 and 2016, respectively.

^(b)	For the years ended December 31, 2018, 2017 and 2016, a non-cash valuation allowance of $3,813, $3,953 and $2,340, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017.

^(d)

In periods prior to December 31, 2017, the undistributed earnings of our Canadian subsidiaries were designated as permanently reinvested. As of December 31, 2017, however, management did not assert that the undistributed earnings of our Canadian subsidiaries will be permanently reinvested. For the years ended December 31, 2018 and 2017, we recognized a deferred tax (benefit) charge of $(393) and $1,363, respectively, for future foreign withholding taxes related to undistributed earnings.

^(e)

Under the TCJA, the corporate alternative minimum tax was repealed and any minimum tax carryforwards not utilized become fully refundable in 2021. The Company does not expect to utilize its minimum tax credit carryforward. As a result, a cash benefit of $4,108 to income tax expense was recorded for the year ended December 31, 2017.

^(f)	Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017.

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

	2018			2017
Deferred tax assets:
Allowance for doubtful accounts	$	654		$	709
Accrued liabilities not deducted for tax purposes		7,022			3,648
Asset retirement obligation		—			124
Net operating loss carry forwards		34,716			18,617
Tax credit carry forwards		320			153
Charitable contributions carry forward		47			7
Property, plant and equipment		—			2,300
Investment in partnerships		—			240
Gross deferred tax assets		42,759			25,798
Less: valuation allowance		(23,934	)		(20,120	)
Net deferred tax assets		18,825			5,678
Deferred tax liabilities:
Intangibles		(6,565	)		(5,199	)
Investment in partnerships		(31,746	)		—
Property, plant and equipment		(366	)		—
Undistributed earnings of foreign subsidiaries		(882	)		(1,363	)
Gross deferred tax liabilities		(39,559	)		(6,562	)
Net deferred tax liabilities	$	(20,734	)	$	(884	)

As of December 31, 2018, we have approximately $285,126 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $63,716 is subject to Internal Revenue Code §382 limitation but will be available to be fully utilized by no later than 2032. These carry forwards expire between 2029 through 2032. In addition, we have $4,799 of various credits available to offset future U.S. federal income tax. Under the TCJA, the corporate alternative minimum tax was repealed and any minimum tax credit carryforwards not utilized become fully refundable in 2021. We do not expect to utilize our minimum tax credit of $4,108 before 2021.

As of December 31, 2018 we have approximately $724,635 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 $190 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, 2018 and 2017. There were no net changes in the total state valuation allowance for the years ended December 31, 2018 and 2017.

During 2018, we generated $7,377 of Puerto Rico net operating losses. As of December 31, 2018, we had approximately $51,642 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 2019 and 2028. In addition, we have $153 of alternative minimum tax credits available to offset future Puerto Rico income tax.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those jurisdictions during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income, and tax-planning strategies in making this assessment. In order to fully realize the deferred tax assets, the Company will need to generate future taxable income before the expiration of the carry forwards governed by the tax code. Based on the current level of pretax earnings, the Company will not generate the minimum amount of future taxable income to support the realization of the deferred tax assets. As a result, management has determined that a valuation allowance related to Puerto Rico net operating loss carry forwards and other deferred tax assets is necessary. The valuation allowance for these deferred tax assets as of December 31, 2018 and 2017 was $23,934 and $20,120, respectively. The net change in the total valuation allowance for the years ended December 31, 2018 and 2017 was an increase of $3,814 and $3,953, respectively. The amount of the deferred tax asset considered realizable, however, could be adjusted in the near term if estimates of future taxable income during the carry forward period increase.

As of December 31, 2018, the Company has accumulated undistributed earnings generated by our foreign subsidiaries of approximately $22,528. Management does not designate these earnings as permanently reinvested and has recognized a deferred tax liability of approximately $882 related to foreign withholding taxes on these earnings. We have recognized a current year tax expense of $234 related to 2018 earnings and a tax benefit of $(635) related to prior year earnings repatriated in 2018.

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, 2016	$	772
Additions for tax positions related to current year		1,122
Additions for tax positions related to prior years		173
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2017	$	2,067
Additions for tax positions related to current year		932
Additions for tax positions related to prior years		238
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(30	)
Settlements		—
Balance as of December 31, 2018	$	3,207

Included in the balance of unrecognized benefits at December 31, 2018 is $3,207 of tax benefits that, if recognized in future periods, would impact our effective tax rate. During the years ended December 31, 2018 and 2017, we recognized interest and penalties of $411 and $213, respectively, as a component of income tax expense in connection with our liabilities related to uncertain tax positions.

Within the next twelve months, we expect to decrease our unrecognized tax benefits by approximately $112 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 2010. The Internal Revenue Service 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 2015 and 2014, respectively.

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Income Taxes

(6) Income Taxes

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697
Year ended December 31, 2017:
U.S. federal	$	4,174	$	359		$	4,533
State and local		2,706		(170	)		2,536
Foreign		1,546		615			2,161
	$	8,426	$	804		$	9,230
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

As of December 31, 2018 and 2017, the Company had income taxes (payable) receivable of $(458) and $3,106, respectively, included in accrued expenses.

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

	2018			2017			2016
U.S.	$	318,094		$	332,989		$	313,801
Foreign		(1,766	)		(5,701	)		(1,264	)
Total	$	316,328		$	327,288		$	312,537

	2018			2017			2016
Income tax expense at U.S. federal statutory rate	$	66,429		$	114,551		$	109,388
Tax adjustment related to REIT^(a)		(63,753	)		(109,294	)		(101,999	)
State and local income taxes, net of federal income tax benefit		1,461			1,193			1,481
Book expenses not deductible for tax purposes		1,926			2,635			2,465
Stock-based compensation		1,090			(121	)		169
Valuation allowance^(b)		3,813			3,953			2,340
Rate Change^(c)		(80	)		(466	)		(19	)
Undistributed earnings of foreign subsidiaries^(d)		(393	)		1,363			—
Minimum tax credit refundable^(e)		—			(4,108	)		—
Other differences, net^(f)		204			(476	)		(469	)
Income tax expense	$	10,697		$	9,230		$	13,356

^(a)	Includes dividend paid deduction of $69,902, $110,824 and $102,888 for the tax years ended December 31, 2018, 2017 and 2016, respectively.

^(b)	For the years ended December 31, 2018, 2017 and 2016, a non-cash valuation allowance of $3,813, $3,953 and $2,340, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017.

^(d)

In periods prior to December 31, 2017, the undistributed earnings of our Canadian subsidiaries were designated as permanently reinvested. As of December 31, 2017, however, management did not assert that the undistributed earnings of our Canadian subsidiaries will be permanently reinvested. For the years ended December 31, 2018 and 2017, we recognized a deferred tax (benefit) charge of $(393) and $1,363 for future foreign withholding taxes related to undistributed earnings.

^(e)

^(f)	Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017.

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

	2018			2017
Deferred tax assets:
Allowance for doubtful accounts	$	654		$	709
Accrued liabilities not deducted for tax purposes		7,022			3,648
Asset retirement obligation		—			124
Net operating loss carry forwards		34,716			18,617
Tax credit carry forwards		320			153
Charitable contributions carry forward		47			7
Property, plant and equipment		—			2,300
Investment in partnership		—			240
Gross deferred tax assets		42,759			25,798
Less: valuation allowance		(23,934	)		(20,120	)
Net deferred tax assets		18,825			5,678
Deferred tax liabilities:
Intangibles		(6,565	)		(5,199	)
Investment in partnership		(31,746	)		—
Property, plant and equipment		(366	)		—
Undistributed earnings of foreign subsidiaries		(882	)		(1,363	)
Gross deferred tax liabilities		(39,559	)		(6,562	)
Net deferred tax liabilities	$	(20,734	)	$	(884	)

As of December 31, 2018, we have approximately $148,993 of U.S. net operating loss carry forwards to offset future taxable income. Of this amount, $63,716 is subject to an Internal Revenue Code §382 limitation but will be available to be fully utilized by no later than 2032. These carry forwards expire between 2029 and 2032. As of December 31, 2018, the Company has $14,771 of various tax credits available to offset future U.S. federal taxable income. Also, the Company recognized a $4,108 tax benefit related to its minimum tax credit carryforwards which we do not expect to utilize before 2021.

As of December 31, 2018, we have approximately $686,914 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 $190 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, 2018 and December 31, 2017. There were no net changes in the total state valuation allowance for the years ended December 31, 2018 and 2017.

During 2018 we generated $7,377 of Puerto Rico net operating losses. As of December 31, 2018, we had approximately $51,642 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 2019 and 2028. In addition, we have $153 of alternative minimum tax credits available to offset future Puerto Rico income tax.

As of December 31, 2018, the Company has accumulated undistributed earnings generated by our foreign subsidiaries of approximately $22,528. Management does not designate these earnings as permanently reinvested. We have recognized a deferred tax liability of approximately $882 related to foreign withholding taxes on these earnings. We have recognized a current year tax expense of $234 related to 2018 earnings and a tax benefit of $(635) related to prior year earnings repatriated in 2018.

Balance as of December 31, 2016	$	772
Additions for tax positions related to current year		1,122
Additions for tax positions related to prior years		173
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2017	$	2,067
Additions for tax positions related to current year		932
Additions for tax positions related to prior years		238
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(30	)
Settlements		—
Balance as of December 31, 2018	$	3,207

Included in the balance of unrecognized benefits at December 31, 2018 is $3,207 of tax benefits that, if recognized in future periods, would impact our effective tax rate. During the year ended December 31, 2018 and 2017, we recognized interest and penalties of $411 and $213 , respectively, as a component of income tax expense in connection with our liabilities related to uncertain tax positions.

Within the next twelve months, we expect to decrease our unrecognized tax benefits by approximately $112 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 2010. 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 2015 and 2014, respectively.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2018
Related Party Transactions	(13) Related Party Transactions Affiliates, as used within these statements, are persons or entities that are affiliated with Lamar Advertising Company or its subsidiaries through common ownership and directorate control. The Company had receivables from employees of $80 at December 31, 2018. There were no receivables from employees at December 31, 2017. These receivables are primarily relocation loans for employees. The Company does not have any receivables from its current executive officers.
LAMAR MEDIA CORP. AND SUBSIDIARIES [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, 2018 and December 31, 2017, there was a payable to Lamar Advertising Company, its parent, in the amount of $5,571 and $6,731, respectively. Effective December 31, 2018 and December 31, 2017, Lamar Advertising Company contributed $89,967 and $49,187, respectively, to Lamar Media which resulted in an increase in Lamar Media’s additional paid-in capital.

Stockholders' Equity

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Stockholders' Equity

(14) Stockholders’ Equity

On July 16, 1999, the Board of Directors designated 5,720 shares of the 1,000,000 shares of previously undesignated preferred stock, par value $.001, as Series AA preferred stock, which shares were subsequently exchanged on a one for one basis in the REIT conversion. The Series AA preferred stock ranks senior to the Class A common stock and Class B common stock with respect to dividends and upon liquidation. Holders of Series AA preferred stock are entitled to receive, on a pari passu basis, dividends at the rate of $15.95 per share per quarter when, as and if declared by the Board of Directors. The Series AA preferred stock is entitled to receive, on a pari passu basis, $638 plus a further amount equal to any dividend accrued and unpaid to the date of distribution before any payments are made or assets distributed to the Class A common stock or Class B stock upon voluntary or involuntary liquidation, dissolution or winding up of the Company. The liquidation value of the outstanding Series AA preferred stock at December 31, 2018 was $3,649. The Series AA preferred stock is entitled to one vote per share.

All of the outstanding shares of common stock are fully paid and nonassessable. In the event of the liquidation or dissolution of the Company, following any required distribution to the holders of outstanding shares of preferred stock, the holders of common stock are entitled to share pro rata in any balance of the corporate assets available for distribution to them. The Company may pay dividends if, when and as declared by the Board of Directors from funds legally available therefore, subject to the restrictions set forth in the Company’s existing indentures and the senior credit facility. Subject to the preferential rights of the holders of any class of preferred stock, holders of shares of common stock are entitled to receive such dividends as may be declared by the Company’s Board of Directors out of funds legally available for such purpose. No dividend may be declared or paid in cash or property on any share of either class of common stock unless simultaneously the same dividend is declared or paid on each share of the other class of common stock, provided that, in the event of stock dividends, holders of a specific class of common stock shall be entitled to receive only additional shares of such class.

The rights of the Class A and Class B common stock are equal in all respects, except holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class A common stock have one vote per share on such matters. The Class B common stock will convert automatically into Class A common stock upon the sale or transfer to persons other than permitted transferees (as defined in the Company’s certificate of incorporation, as amended).

On 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 which expired on June 30, 2016.

On May 1, 2018, the Company entered into an equity distribution agreement (the “Sales Agreement”) with J.P. Morgan Securities LLC, Wells Fargo Securities LLC, and SunTrust Robinson Humphrey, Inc. as its sales agents (each a “Sales Agent”, and collectively, the “Sales Agents”). Under the terms of the Sales Agreement, the Company may, from time to time, issue and sell shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”), having an aggregate offering price of up to $400,000, through the Sales Agents as either agents or principals. As of December 31, 2018, 576,002 shares of our Class A Common Stock have been sold under the Sales Agreement and accordingly $357,885 remains available to be sold under the Sales Agreement.

Sales of the Class A Common Stock, if any, may be made in negotiated transactions or transactions that are deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on or through the Nasdaq Global Select Market and any other existing trading market for the Class A Common Stock, or sales made to or through a market maker other than on an exchange. The Company has no obligation to sell any of the Class A Common Stock under the Sales Agreement and may at any time suspend solicitations and offers under the Sales Agreement.

On August 6, 2018, the Company filed an automatically effective shelf registration statement that registered the offer and sale of an indeterminate amount of additional shares of our Class A common stock. As of December 31, 2018, the Company issued 163,137 shares of its Class A common stock in connection with acquisitions occurring during the period. The Company filed a prospectus supplement to the shelf registration statement relating to the offer and resale of such shares of Class A common stock.

Stock Compensation Plans

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Compensation Plans

(15) Stock Compensation Plans

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

In February 2013, the 1996 Plan was amended to eliminate the provision that limited the amount of Class A common stock, including shares retained from an award, that could be withheld to satisfy tax withholding obligations to the minimum tax obligations required by law (except with respect to option awards). In accordance with ASC 718, Compensation – Stock Compensation, 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, 2018 and 2017, the Company recorded a liability, in accrued expenses, of $19,211 and $4,793, 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
2018	5%	46%	2%		6
2017	5%	45%	2%		6
2016	5%	45%	2%		6

Information regarding the 1996 Plan for the year ended December 31, 2018 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		1,099,877		$	44.00
Granted		104,000			67.21
Exercised		(361,618	)		37.15
Forfeited		(5,400	)		73.56
Expired		—			—
Outstanding, end of year		836,859			49.65		5.34
Exercisable at end of year		650,359			44.59		4.43

At December 31, 2018 there was $2,837 of unrecognized compensation cost related to stock options granted which is expected to be recognized over a weighted-average period of 1.77 years.

Shares available for future stock option and restricted share grants to employees and directors under existing plans were 975,215 at December 31, 2018. The aggregate intrinsic value of options outstanding as of December 31, 2018 was $16,821, and the aggregate intrinsic value of options exercisable was $16,143. Total intrinsic value of options exercised was $12,378 for the year ended December 31, 2018.

Stock Purchase Plan. In 2009 our Board of Directors adopted a new employee stock purchase plan, the 2009 Employee Stock Purchase Plan (the “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 (the “ 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 83,838 shares on January 1, 2018 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, 2018:

	Shares
Available for future purchases, January 1, 2018		225,418
Additional shares reserved under 2009 ESPP		83,838
Purchases		(126,012	)
Available for future purchases, December 31, 2018		183,244

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 2018. 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 2018 results and were issued in the first quarter of 2019. 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, 2018, the Company has accrued $18,929 as compensation expense related to these agreements.

Benefit Plans

12 Months Ended

Dec. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Benefit Plans

(16) Benefit Plans

The Company sponsors a partially self-insured group health insurance program. The Company is obligated to pay all claims under the program, which are in excess of premiums, up to program limits. The Company is also self-insured with respect to its income disability benefits and against casualty losses on advertising structures. Amounts for expected losses, including a provision for losses incurred but not reported, is included in accrued expenses in the accompanying consolidated financial statements. As of December 31, 2018, the Company maintained $8,091 in letters of credit with a bank to meet requirements of the Company’s worker’s compensation and general liability insurance carrier.

Savings and Profit Sharing Plan

The Company sponsors The Lamar Corporation Savings and Profit Sharing Plan covering eligible employees who have completed one year of service and are at least 21 years of age. The Company has the option to match 50% of employees’ contributions up to 5% of eligible compensation. Employees can contribute up to 100% of compensation. Full vesting on the Company’s matched contributions occurs after three years for contributions made after January 1, 2002. Annually, at the Company’s discretion, an additional profit sharing contribution may be made on behalf of each eligible employee. The Company matched contributions of $4,966, $4,715 and $4,545 for the years ended December 31, 2018, 2017 and 2016, respectively.

Deferred Compensation Plan

The Company sponsors a Deferred Compensation Plan for the benefit of certain of its board-elected officers who meet specific age and years of service and other criteria. Officers that have attained the age of 30 and have a minimum of 10 years of service to the Company and satisfy additional eligibility guidelines are eligible for annual contributions to the plan generally ranging from $3 to $8, depending on the employee’s length of service. The Company’s contributions to the plan are maintained in a rabbi trust and, accordingly, the assets and liabilities of the plan are reflected in the balance sheet of the Company in other assets and other liabilities. Upon termination, death or disability, participating employees are eligible to receive an amount equal to the fair market value of the assets in the employee’s deferred compensation account. For the years ended December 31, 2018, 2017 and 2016, the Company contributed $1,585, $1,526 and $1,487, 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

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitment and Contingencies

(17) 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

Dec. 31, 2018

Distribution Restrictions [Abstract]

Distribution Restrictions

(18) Distribution Restrictions

Lamar Media’s ability to make distributions to Lamar Advertising is restricted under both the terms of the indentures relating to Lamar Media’s outstanding notes and by the terms of its senior credit facility. As of December 31, 2018 and December 31, 2017, Lamar Media was permitted under the terms of its outstanding senior subordinated and senior notes to make transfers to Lamar Advertising in the form of cash dividends, loans or advances in amounts up to $3,156,061 and $2,975,593, respectively.

As of December 31, 2018, Lamar Media’s senior credit facility allows it to make transfers to Lamar Advertising in any taxable year up to the amount of Lamar Advertising’s taxable income (without any deduction for dividends paid). In addition, as of December 31, 2018, transfers to Lamar Advertising are permitted under Lamar Media’s senior credit facility and as defined therein up to the available cumulative credit, as long as no default has occurred and is continuing and, after giving effect to such distributions, (i) the total debt ratio is less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.5 to 1. As of December 31, 2018, the total debt ratio was less than 6.5 to 1 and Lamar Media’s secured debt ratio was less than 3.5 to 1, and the available cumulative credit was $1,906,541.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

(19) Fair Value of Financial Instruments

At December 31, 2018 and 2017, 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 $2,904,851, which is less than both the gross and carrying amount of $2,914,552 as of December 31, 2018. 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

Dec. 31, 2018

Segment Reporting [Abstract]

Information about Geographic Areas

(20) Information about Geographic Areas

Revenues from external customers attributable to foreign countries totaled $35,146, $33,424 and $32,669 for the years ended December 31, 2018, 2017 and 2016, respectively. Net carrying value of long lived assets located in foreign countries totaled $2,387 and $3,571 as of December 31, 2018 and 2017, respectively. All other revenues from external customers and long lived assets relate to domestic operations.

New Accounting Pronouncements

12 Months Ended

Dec. 31, 2018

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

New Accounting Pronouncements

(21) New Accounting Pronouncements

Revenue

In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09 (Codified as ASC 606), 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 replaced most existing revenue recognition guidance in U.S. GAAP when it became 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 adopted the provisions of ASC 606 on January 1, 2018 using the cumulative effect transition method. The Company did not have an adjustment to its opening balance of retained earnings for the adoption of this update.

Leases

In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement.

The new standard is effective for us on January 1, 2019, with early adoption permitted. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. If an entity chooses the second option, the transition requirements for existing leases also apply to leases entered into between the date of initial application and the effective date. The entity must also recast its comparative period financial statements and provide the disclosures required by the new standard for the comparative periods. We expect to adopt the new standard on January 1, 2019 and use the effective date as our date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019.

The new standard provides a number of optional practical expedients in transition. We expect to elect the ‘package of practical expedients’, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We also expect to elect the use of hindsight and the practical expedient pertaining to land easements. We expect to elect all of the new standard’s available transition practical expedients.

We expect that this standard will have a material effect on our financial statements. While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to (1) the recognition of new ROU assets and lease liabilities on our balance sheet for our billboard, logo, building and vehicle operating leases; (2) reclassification within our balance sheet of current asset prepaid operating lease balances to be a reduction of our lease liabilities and; (3) providing significant new disclosures about our leasing activities.

On adoption, we currently expect to recognize additional operating liabilities exceeding $1.1 billion, with corresponding ROU assets of the same amount based on the present value of the remaining minimum rental payments under current leasing standards for our existing operating leases.

The new standard also provides practical expedients for a company’s ongoing accounting. We currently expect to elect the short-term lease recognition exemption for our vehicle leases. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities. This includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition.

Other recently released pronouncements

In March 2016, the FASB issued ASU 2016-09, 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 adoption of this update did not have a material impact on the Company’s 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 No. 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 in which the acquisition date occurs before the issuance date or effective date of the amendment, but 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 for transactions that occurred on or after October 1, 2016. The adoption of this update did not have a material impact on the Company’s consolidated financial statements.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The update simplifies how a company completes its goodwill impairment test by eliminating the two-step process, which requires determining the fair value of assets acquired or liabilities assumed in a business combination. The update requires completing the goodwill impairment test by comparing the difference between the reporting unit’s carrying value and fair value. Goodwill charges, if any, would be determined by reducing the goodwill balance by the excess of the reporting unit’s carrying value over its fair value. The update is effective for annual and interim fiscal periods beginning after December 15, 2019, with early adoption permitted for interim or annual goodwill impairment tests performed on or after January 1, 2017. The Company adopted this update beginning with its December 31, 2017 goodwill impairment test.

In November 2018, the FASB issued ASU No. 2018-18, Collaborative Arrangements (Topic 808). The update is to clarify when certain transactions between collaborative arrangement participants should be accounted for as revenue under Topic 606 and when the collaborative arrangement participant is a customer in the context of a unit of account. The update also adds unit-of-account guidance in Topic 808 and requires that a collaborative arrangement participant that is not directly related to sales to a third party, presenting the transaction together with revenue recognized under Topic 606 is precluded if the collaborative arrangement participant is not a customer. The update is effective for annual and interim fiscal periods beginning after December 15, 2019 with early adoption permitted. The Company does not believe this update will have a material effect on the Company’s consolidated financial statements.

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data (Unaudited)

(22) Quarterly Financial Data (Unaudited)

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2018 and 2017.

	Year 2018 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	361,026	$	419,800	$	418,498	$	427,898
Net revenues less direct advertising expenses	$	222,733	$	279,016	$	277,799	$	285,826
Net income applicable to common stock	$	14,961	$	100,340	$	93,965	$	95,601
Net income per common share basic	$	0.15	$	1.02	$	0.95	$	0.97
Net income per common share diluted	$	0.15	$	1.02	$	0.95	$	0.96

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income applicable to common stock	$	41,696	$	92,303	$	96,240	$	87,072
Net income per common share basic	$	0.43	$	0.94	$	0.98	$	0.89
Net income per common share diluted	$	0.42	$	0.94	$	0.98	$	0.89

LAMAR MEDIA CORP. AND SUBSIDIARIES [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, 2018 and 2017.

	Year 2018 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	361,026	$	419,800	$	418,498	$	427,898
Net revenues less direct advertising expenses	$	222,733	$	279,016	$	277,799	$	285,826
Net income	$	15,158	$	100,520	$	94,165	$	95,788

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income	$	41,893	$	92,479	$	96,437	$	87,249

Divestiture of Assets

12 Months Ended

Dec. 31, 2018

Assets Of Disposal Group Including Discontinued Operation [Abstract]

Divestiture of Assets

(23) Divestiture of Assets

On April 16, 2018 the Company sold its assets in Puerto Rico for $3,000 in cash and non-cash consideration consisting of a note receivable for $9,250 due April 2024. The Company recorded a loss on the sale of $7,809 for the year ended December 31, 2018.

Subsequent Events

12 Months Ended

Dec. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

(24) Subsequent Events

On January 17, 2019, Lamar Media entered into an incremental amendment to the senior credit facility to include $100,000 in additional revolving commitments, thereby increasing the total borrowing capacity under the revolving credit facility to $550,000.

On February 1, 2019, Lamar Media issued $250,000 in aggregate principle amount of 5 3/4% Senior Notes due 2026 through an institutional private placement (the “New Notes”). The New Notes were issued as additional notes to the existing $400,000 aggregate principal amount of 5 3/4% Senior Notes due 2026 that Lamar issued on January 28, 2016 (the “Existing Notes”). Other than with respect to the date of issuance, issue price and CUSIP number, the New Notes have the same terms as the Existing Notes. Once the New Notes are registered under the Securities Act and exchanged for exchange notes or become freely tradable under Rule 144, Lamar Media expects that the New Notes and the Existing Notes will share a single CUSIP number and thereafter be fungible. The net proceeds after underwriting fees and expenses, was approximately $251,500 and were used to repay a portion of the borrowings outstanding under the revolving credit facility.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2018

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Valuation and Qualifying Accounts

Years Ended December 31, 2018, 2017 and 2016

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2018
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	10,055		8,472		7,366	$	11,161
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	20,120		3,814		—	$	23,934
Year ended December 31, 2017
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	9,356		6,762		6,063	$	10,055
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	16,167		3,953		—	$	20,120
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

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

LAMAR MEDIA CORP.

AND SUBSIDIARIES

Valuation and Qualifying Accounts

Years Ended December 31, 2018, 2017 and 2016

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2018
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	10,055		8,472		7,366	$	11,161
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	20,120		3,814		—	$	23,934
Year ended December 31, 2017
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	9,356		6,762		6,063	$	10,055
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	16,167		3,953		—	$	20,120
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

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Schedule of Real Estate and Accumulated Depreciation

December 31, 2018, 2017 and 2016

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

359,138 Displays

—

3,201,434

(2,082,335

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2018

⁽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,
	2018			2017			2016
Gross real estate assets:
Balance at the beginning of the year	$	3,074,046		$	2,998,540		$	2,856,243
Capital expenditures on new advertising displays⁽⁴⁾		54,151			49,946			50,799
Capital expenditures on improvements/redevelopments of existing advertising displays		12,781			6,265			12,031
Capital expenditures other recurring		34,758			32,523			26,254
Land acquisitions⁽⁶⁾		15,368			14,904			30,283
Acquisition of advertising displays^{(5) (6)}		82,617			32,109			69,821
Assets sold or written-off		(70,494	)		(61,306	)		(47,317	)
Foreign exchange		(1,793	)		1,065			426
Balance at the end of the year	$	3,201,434		$	3,074,046		$	2,998,540
Accumulated depreciation:
Balance at the beginning of the year	$	2,025,251		$	1,973,958		$	1,910,860
Depreciation		106,700			102,494			100,197
Assets sold or written-off		(48,488	)		(51,976	)		(37,373	)
Foreign exchange		(1,128	)		775			274
Balance at the end of the year	$	2,082,335		$	2,025,251		$	1,973,958

⁽⁴⁾	Includes non-cash amounts of $446, $921 and $379 at December 31, 2018, 2017 and 2016, respectively

⁽⁵⁾	Includes non-cash amounts of $7,199, $3,043 and $4,623 at December 31, 2018, 2017 and 2016, respectively

⁽⁶⁾	Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III

LAMAR MEDIA CORP.

AND SUBSIDIARIES

Schedule of Real Estate and Accumulated Depreciation

December 31, 2018, 2017 and 2016

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

359,138 Displays

—

3,201,434

(2,082,335

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2018

⁽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, 2018			December 31, 2017			December 31, 2016
Gross real estate assets:
Balance at the beginning of the year	$	3,074,046		$	2,998,540		$	2,856,243
Capital expenditures on new advertising displays⁽⁴⁾		54,151			49,946			50,799
Capital expenditures on improvements/redevelopments of existing advertising displays		12,781			6,265			12,031
Capital expenditures other recurring		34,758			32,523			26,254
Land acquisitions⁽⁶⁾		15,368			14,904			30,283
Acquisition of advertising displays^{(5) (6)}		82,617			32,109			69,821
Assets sold or written-off		(70,494	)		(61,306	)		(47,317	)
Foreign exchange		(1,793	)		1,065			426
Balance at the end of the year	$	3,201,434		$	3,074,046		$	2,998,540
Accumulated depreciation:
Balance at the beginning of the year	$	2,025,251		$	1,973,958		$	1,910,860
Depreciation		106,700			102,494			100,197
Assets sold or written-off		(48,488	)		(51,976	)		(37,373	)
Foreign exchange		(1,128	)		775			274
Balance at the end of the year	$	2,082,335		$	2,025,251		$	1,973,958

⁽⁴⁾	Includes non-cash amounts of $446, $921 and $379 at December 31, 2018, 2017 and 2016, respectively

⁽⁵⁾	Includes non-cash amounts of $7,199, $3,043 and $4,623 at December 31, 2018, 2017 and 2016, respectively

⁽⁶⁾	Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

Summarized Financial Information of Subsidiaries

12 Months Ended

Dec. 31, 2018

LAMAR MEDIA CORP. AND SUBSIDIARIES [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, 2018


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

ASSETS
Total current assets	$	4,653	$	121,549	$	236,967	$	—		$	363,169
Net property, plant and equipment		—		1,289,348		5,700		—			1,295,048
Intangibles and goodwill, net		—		2,804,915		19,304		—			2,824,219
Other assets		4,056,288		230,504		184,247		(4,425,589	)		45,450
Total assets	$	4,060,941	$	4,446,316	$	446,218	$	(4,425,589	)	$	4,527,886
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	29,086	$	34	$	175,000	$	—		$	204,120
Other current liabilities		27,067		204,103		14,578		—			245,748
Total current liabilities		56,153		204,137		189,578		—			449,868
Long-term debt		2,684,500		68		—		—			2,684,568
Other noncurrent liabilities		200,092		246,312		251,835		(424,985	)		273,254
Total liabilities		2,940,745		450,517		441,413		(424,985	)		3,407,690
Stockholders’ equity		1,120,196		3,995,799		4,805		(4,000,604	)		1,120,196
Total liabilities and stockholders’ equity	$	4,060,941	$	4,446,316	$	446,218	$	(4,425,589	)	$	4,527,886

Condensed Consolidating Balance Sheet as of December 31, 2017


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

ASSETS
Total current assets	$	87,167	$	293,536	$	39,316	$	—		$	420,019
Net property, plant and equipment		—		1,193,705		20,433		—			1,214,138
Intangibles and goodwill, net		—		2,495,370		30,812		—			2,526,182
Other assets		3,707,352		10,571		7		(3,680,327	)		37,603
Total assets	$	3,794,519	$	3,993,182	$	90,568	$	(3,680,327	)	$	4,197,942
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	17,664	$	—	$	—	$	—		$	17,664
Other current liabilities		120,500		164,393		19,429		—			304,322
Total current liabilities		138,164		164,393		19,429		—			321,986
Long-term debt		2,539,026		—		—		—			2,539,026
Other noncurrent liabilities		26,231		218,900		61,587		(60,886	)		245,832
Total liabilities		2,703,421		383,293		81,016		(60,886	)		3,106,844
Stockholders’ equity		1,091,098		3,609,889		9,552		(3,619,441	)		1,091,098
Total liabilities and stockholders’ equity	$	3,794,519	$	3,993,182	$	90,568	$	(3,680,327	)	$	4,197,942

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,579,619		$	50,352		$	(2,749	)	$	1,627,222
Operating expenses
Direct advertising expenses ⁽¹⁾		—			537,269			27,307			(2,728	)		561,848
General and administrative expenses ⁽¹⁾		—			280,874			8,554			—			289,428
Corporate expenses ⁽¹⁾		—			80,861			1,636			—			82,497
Depreciation and amortization		—			219,341			5,920			—			225,261
(Gain) loss on disposition of assets		—			(576	)		7,809			—			7,233
		—			1,117,769			51,226			(2,728	)		1,166,267
Operating income (loss)		—			461,850			(874	)		(21	)		460,955
Equity in (earnings) loss of subsidiaries		(450,791	)		—			—			450,791			—
Interest expense (income), net		129,731			(99	)		(413	)		(21	)		129,198
Other expenses		15,429			—			—			—			15,429
Income (loss) before income tax expense		305,631			461,949			(461	)		(450,791	)		316,328
Income tax expense ⁽²⁾		—			7,879			2,818			—			10,697
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631

Statement of Comprehensive Income
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631
Total other comprehensive income, net of tax		—			—			(1,290	)		—			(1,290	)
Total comprehensive income (loss)	$	305,631		$	454,070		$	(4,569	)	$	(450,791	)	$	304,341

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

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2017


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,494,275		$	51,332		$	(4,347	)	$	1,541,260
Operating expenses
Direct advertising expenses ⁽¹⁾		—			512,247			31,277			(2,644	)		540,880
General and administrative expenses ⁽¹⁾		—			266,798			9,431			—			276,229
Corporate expenses ⁽¹⁾		—			60,830			1,132			—			61,962
Depreciation and amortization		—			201,424			9,680			—			211,104
(Gain) loss on disposition of assets		—			(5,704	)		1,040			—			(4,664	)
		—			1,035,595			52,560			(2,644	)		1,085,511
Operating income (loss)		—			458,680			(1,228	)		(1,703	)		455,749
Equity in (earnings) loss of subsidiaries		(446,520	)		—			—			446,520			—
Interest expense (income), net		128,391			(5	)		1,707			(1,703	)		128,390
Other expenses		71			—			—			—			71
Income (loss) before income tax expense		318,058			458,685			(2,935	)		(446,520	)		327,288
Income tax expense ⁽²⁾		—			7,069			2,161			—			9,230
Net income (loss)	$	318,058		$	451,616		$	(5,096	)	$	(446,520	)	$	318,058

Statement of Comprehensive Income
Net income (loss)	$	318,058		$	451,616		$	(5,096	)	$	(446,520	)	$	318,058
Total other comprehensive income, net of tax		—			—			1,926			—			1,926
Total comprehensive income (loss)	$	318,058		$	451,616		$	(3,170	)	$	(446,520	)	$	319,984

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

Condensed Consolidating Statements of 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 Statement of Cash Flows for the Year Ended December 31, 2018


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

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	430,896		$	689,718		$	(17,143	)	$	(566,386	)	$	537,085
Cash flows from investing activities:
Acquisitions		—			(477,389	)		—			—			(477,389	)
Capital expenditures		—			(113,259	)		(4,379	)		—			(117,638	)
Proceeds from disposition of assets and investments		—			3,839			2,809			—			6,648
Proceeds received from insurance claims		—			—			4,222			—			4,222
Investment in subsidiaries		(498,226	)		—			—			498,226			—
Decrease in intercompany notes receivable		30,034			—			—			(30,034	)		—
Decrease in notes receivable		9			—			—			—			9
Net cash (used in) provided by investing activities		(468,183	)		(586,809	)		2,652			468,192			(584,148	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		563,000			—			—			—			563,000
Payment on revolving credit facility		(481,000	)		—			—			—			(481,000	)
Principal payments on long-term debt		(27,297	)		(31	)		—			—			(27,328	)
Proceeds received from senior credit facility term loans		599,250			—			—			—			599,250
Proceeds received from receivable financing agreement		—			—			175,000			—			175,000
Debt issuance costs		(7,616	)		—			—			—			(7,616	)
Redemption on senior subordinated notes		(509,790	)		—			—			—			(509,790	)
Intercompany loan proceeds (payments)		175,000			(24,688	)		(180,346	)		30,034			—
Distributions to non-controlling interest		—			—			(541	)		—			(541	)
Contributions from (to) parent		89,967			498,226			—			(498,226	)		89,967
Dividends (to) from parent		(446,744	)		(566,386	)		—			566,386			(446,744	)
Net cash (used in) provided by financing activities		(45,230	)		(92,879	)		(5,887	)		98,194			(45,802	)
Effect of exchange rate changes in cash and cash equivalents		—			—			(1,112	)		—			(1,112	)
Net increase in cash and cash equivalents		(82,517	)		10,030			(21,490	)		—			(93,977	)
Cash and cash equivalents at beginning of period		86,546			1,625			26,800			—			114,971
Cash and cash equivalents at end of period	$	4,029		$	11,655		$	5,310		$	—		$	20,994

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2017


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

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	383,370		$	602,504		$	2,174		$	(503,808	)	$	484,240
Cash flows from investing activities:
Acquisitions		3,750			(298,901	)		(2,154	)		—			(297,305	)
Capital expenditures		—			(104,325	)		(5,004	)		—			(109,329	)
Proceeds from disposition of assets and investments		—			6,053			—			—			6,053
Investment in subsidiaries		(301,055	)		—			—			301,055			—
(Increase) decrease in intercompany notes receivable		(7,624	)		—			—			7,624			—
Decrease in notes receivable		515			—			—			—			515
Net cash (used in) provided by investing activities		(304,414	)		(397,173	)		(7,158	)		308,679			(400,066	)
Cash flows from financing activities:
Principal payments on long-term debt		(16,993	)		—			—			—			(16,993	)
Payment on revolving credit facility		(477,000	)		—			—			—			(477,000	)
Proceeds received from revolving credit facility		495,000			—			—			—			495,000
Payment on senior credit facility		(247,500	)		—			—			—			(247,500	)
Proceeds received from senior credit facility		450,000			—			—			—			450,000
Debt issuance costs		(4,941	)		—			—			—			(4,941	)
Intercompany loan proceeds (payments)		—			—			7,624			(7,624	)		—
Distributions to non-controlling interest		—			—			(693	)		—			(693	)
Contributions from (to) parent		49,187			298,901			2,154			(301,055	)		49,187
Dividends (to) from parent		(252,925	)		(503,808	)		—			503,808			(252,925	)
Net cash (used in) provided by financing activities		(5,172	)		(204,907	)		9,085			195,129			(5,865	)
Effect of exchange rate changes in cash and cash equivalents		—			—			1,632			—			1,632
Net increase in cash and cash equivalents		73,784			424			5,733			—			79,941
Cash and cash equivalents at beginning of period		12,762			1,201			21,067			—			35,030
Cash and cash equivalents at end of period	$	86,546		$	1,625		$	26,800		$	—		$	114,971

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

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

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

Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

Goodwill and Intangible Assets

(d) Goodwill and Intangible Assets

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 21 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

	2018		2017		2016
Net revenues	$	8,955	$	8,469	$	8,051
Direct advertising expenses	$	3,633	$	3,603	$	3,559
General and administrative expenses	$	4,758	$	4,332	$	4,067

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.

Reclassification of prior amounts

(t) Reclassification of prior amounts

Certain amounts in the prior years’ consolidated balance sheet have been reclassified to conform to the current year presentation.

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Nature of Business

(a) Nature of Business

Principles of Consolidation

(b) Principles of Consolidation

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

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:

	2018		2017		2016
Net revenues	$	8,955	$	8,469	$	8,051
Direct advertising expenses	$	3,633	$	3,603	$	3,559
General and administrative expenses	$	4,758	$	4,332	$	4,067

Revenues (Tables)

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Disaggregation Revenue

The following table presents our disaggregated revenue by source including both revenues accounted for under ASC 840 and ASC 606 for the years ended December 31, 2018, 2017 and 2016.

	2018		2017		2016
Billboard Advertising	$	1,412,978	$	1,340,422	$	1,311,861
Logo Advertising		84,424		82,936		80,533
Transit Advertising		129,820		117,902		107,900
Net Revenues	$	1,627,222	$	1,541,260	$	1,500,294

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

2018 Acquisitions [Member]

Summary of Allocation of Acquisition Costs

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

	Total
Property, plant and equipment	$	8,648
Site locations		57,105
Non-competition agreements		342
Customer lists and contracts		6,521
Asset acquisition costs		336
Current assets		1,041
Current liabilities		(355	)
	$	73,638

Summary of Unaudited Pro Forma Financial Information

	2018		2017
	(unaudited)
Net revenues	$	1,699,052	$	1,647,445
Net income applicable to common stock	$	299,493	$	306,900
Net income per common share — basic	$	3.03	$	3.13
Net income per common share — diluted	$	3.02	$	3.12

2017 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	$	43,483
Goodwill		13,925
Site locations		216,510
Non-competition agreements		826
Customer lists and contracts		26,397
Asset acquisition costs		529
Current assets		3,583
Current liabilities		(1,733	)
Long–term liabilities		(3,335	)
	$	300,185

Summary of Unaudited Pro Forma Financial Information

	2017		2016
	(unaudited)
Net revenues	$	1,572,989	$	1,554,758
Net income applicable to common stock	$	318,200	$	297,518
Net income per common share — basic	$	3.25	$	3.06
Net income per common share — diluted	$	3.23	$	3.05

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Summary of Major Categories of Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2018 and 2017 are as follows:

	Estimated Life (Years)		2018		2017
Land		—	$	384,264	$	369,690
Building and improvements	10 — 39			173,306		160,494
Advertising structures	5 — 15			2,817,170		2,704,356
Automotive and other equipment	3 — 7			150,985		150,183
			$	3,525,725	$	3,384,723

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreements	3 — 15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2 — 15			45,992		33,612		45,741		30,328
			$	2,950,906	$	2,035,453	$	2,769,332	$	1,972,984
Unamortizable Intangible Assets:
Goodwill			$	2,172,922	$	253,536	$	1,993,990	$	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, 2018 are as follows:

Balance as of December 31, 2017	$	1,993,990
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,172,922

Summary of Estimated Amortization Expense

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

2019	$	103,754
2020		93,200
2021		89,240
2022		84,410
2023		73,552
Thereafter		471,297
Total	$	915,453

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreement	3—15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2—15			45,446		33,535		45,195		30,251
			$	2,950,360	$	2,035,376	$	2,768,786	$	1,972,907
Unamortizable Intangible Assets:
Goodwill			$	2,161,902	$	252,667	$	1,982,970	$	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, 2018 are as follows:

Balance as of December 31, 2017	$	1,982,970
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,161,902

Leases (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018:

2019	$	254,866
2020	$	188,138
2021	$	165,642
2022	$	144,814
2023	$	122,814
Thereafter	$	819,004

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2018 and 2017:

	2018		2017
Payroll	$	20,667	$	14,962
Interest		27,067		38,967
Insurance benefits		12,633		13,393
Accrued lease expense		36,158		37,073
Stock-based compensation		19,211		4,793
Distributions payable		—		81,625
Other		6,731		6,862
	$	122,467	$	197,675

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2018 and 2017:

	2018		2017
Payroll	$	20,667	$	14,962
Interest		27,067		38,967
Accrued lease expense		36,158		37,073
Stock-based compensation		19,211		4,793
Dividend to parent payable		—		81,534
Other		14,197		16,338
	$	117,300	$	193,667

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Long-Term Debt

Long-term debt consists of the following at December 31, 2018 and 2017:

	December 31, 2018
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,291,088		$	11,576		$	1,279,512
Accounts Receivable Securitization Program		175,000			1,168			173,832
5% Senior Subordinated Notes		535,000			4,104			530,896
5 3/8% Senior Notes		510,000			4,262			505,738
5 3/4% Senior Notes		400,000			4,754			395,246
Other notes with various rates and terms		3,464			—			3,464
		2,914,552			25,864			2,888,688
Less current maturities		(209,365	)		(5,245	)		(204,120	)
Long-term debt, excluding current maturities	$	2,705,187		$	20,619		$	2,684,568


	December 31, 2017
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	636,750		$	7,689		$	629,061
5 7/8% Senior Subordinated Notes		500,000			5,850			494,150
5% Senior Subordinated Notes		535,000			4,927			530,073
5 3/8% Senior Notes		510,000			4,982			505,018
5 3/4% Senior Notes		400,000			5,271			394,729
Other notes with various rates and terms		3,659			—			3,659
		2,585,409			28,719			2,556,690
Less current maturities		(22,797	)		(5,133	)		(17,664	)
Long-term debt, excluding current maturities	$	2,562,612		$	23,586		$	2,539,026

Summary of Long-Term Debt Contractual Maturities

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2019	$	34,365	$	5,245	$	29,120
2020	$	56,881	$	5,368	$	51,513
2021	$	248,773	$	5,498	$	243,275
2022	$	556,256	$	4,064	$	552,192
2023	$	541,275	$	2,900	$	538,375
Later years	$	1,477,002	$	2,789	$	1,474,213

Schedule of Maturities of Long Term Debt

Principal Payment Date	Term A		Term B
March 31, 2019-June 30, 2019	$	5,625	$	1,500
September 30, 2019-June 30, 2020	$	8,438	$	1,500
September 30, 2020-March 31, 2022	$	16,875	$	1,500
Term A Loan Maturity May 15, 2022	$	253,125	$	—
June 30, 2022-December 31, 2024	$	—	$	1,500
Term B Loan Maturity March 16, 2025	$	—	$	559,500

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Long-Term Debt

Long-term debt consists of the following at December 31, 2018 and 2017:

	December 31, 2018
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,291,088		$	11,576		$	1,279,512
Accounts Receivable Securitization Program		175,000			1,168			173,832
5% Senior Subordinated Notes		535,000			4,104			530,896
5 3/8% Senior Notes		510,000			4,262			505,738
5 3/4% Senior Notes		400,000			4,754			395,246
Other notes with various rates and terms		3,464			—			3,464
		2,914,552			25,864			2,888,688
Less current maturities		(209,365	)		(5,245	)		(204,120	)
Long-term debt, excluding current maturities	$	2,705,187		$	20,619		$	2,684,568


	December 31, 2017
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	636,750		$	7,689		$	629,061
5 7/8% Senior Subordinated Notes		500,000			5,850			494,150
5% Senior Subordinated Notes		535,000			4,927			530,073
5 3/8% Senior Notes		510,000			4,982			505,018
5 3/4% Senior Notes		400,000			5,271			394,729
Other notes with various rates and terms		3,659			—			3,659
		2,585,409			28,719			2,556,690
Less current maturities		(22,797	)		(5,133	)		(17,664	)
Long-term debt, excluding current maturities	$	2,562,612		$	23,586		$	2,539,026

Summary of Long-Term Debt Contractual Maturities

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2019	$	34,365	$	5,245	$	29,120
2020	$	56,881	$	5,368	$	51,513
2021	$	248,773	$	5,498	$	243,275
2022	$	556,256	$	4,064	$	552,192
2023	$	541,275	$	2,900	$	538,375
Later years	$	1,477,002	$	2,789	$	1,474,213

- 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://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 210
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-Paragraph 1
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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-Section 50
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Asset Retirement Obligation (Tables)

12 Months Ended

Dec. 31, 2018

Asset Retirement Obligation Disclosure [Abstract]

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

Balance at December 31, 2016	$	210,889
Additions to asset retirement obligations		4,003
Accretion expense		4,236
Liabilities settled		(4,039	)
Balance at December 31, 2017	$	215,089
Additions to asset retirement obligations		7,583
Accretion expense		4,404
Liabilities settled		(4,087	)
Balance at December 31, 2018	$	222,989

Depreciation and Amortization (Tables)

12 Months Ended

Dec. 31, 2018

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,
	2018		2017		2016
Direct expenses	$	212,585	$	196,107	$	191,169
General and administrative expenses		4,134		4,151		3,650
Corporate expenses		8,542		10,846		10,139
	$	225,261	$	211,104	$	204,958

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697
Year ended December 31, 2017:
U.S. federal	$	4,174	$	359		$	4,533
State and local		2,706		(170	)		2,536
Foreign		1,546		615			2,161
	$	8,426	$	804		$	9,230
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

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

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

	2018			2017			2016
U.S.	$	317,695		$	332,607		$	313,429
Foreign		(1,766	)		(5,701	)		(1,264	)
Total	$	315,929		$	326,906		$	312,165

Schedule of Effective Income Tax Rate Reconciliation

	2018			2017			2016
Income tax expense at U.S. federal statutory rate	$	66,345		$	114,417		$	109,257
Tax adjustment related to REIT^(a)		(63,669	)		(109,294	)		(101,868	)
State and local income taxes, net of federal income tax benefit		1,461			1,193			1,481
Book expenses not deductible for tax purposes		1,926			2,635			2,465
Stock-based compensation		1,090			(121	)		169
Valuation allowance^(b)		3,813			3,953			2,340
Rate change^(c)		(80	)		(466	)		(19	)
Undistributed earnings of foreign subsidiaries^(d)		(393	)		1,363			—
Minimum tax credit refundable^(e)		—			(4,108	)		—
Other differences, net^(f)		204			(342	)		(469	)
Income tax expense	$	10,697		$	9,230		$	13,356

^(a)	Includes dividend paid deduction of $69,818, $110,442 and $102,888 for the tax years ended December 31, 2018, 2017 and 2016, respectively.

^(b)	For the years ended December 31, 2018, 2017 and 2016, a non-cash valuation allowance of $3,813, $3,953 and $2,340, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017.

^(d)

^(e)

^(f)	Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017.

Components of Deferred Taxes

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

	2018			2017
Deferred tax assets:
Allowance for doubtful accounts	$	654		$	709
Accrued liabilities not deducted for tax purposes		7,022			3,648
Asset retirement obligation		—			124
Net operating loss carry forwards		34,716			18,617
Tax credit carry forwards		320			153
Charitable contributions carry forward		47			7
Property, plant and equipment		—			2,300
Investment in partnerships		—			240
Gross deferred tax assets		42,759			25,798
Less: valuation allowance		(23,934	)		(20,120	)
Net deferred tax assets		18,825			5,678
Deferred tax liabilities:
Intangibles		(6,565	)		(5,199	)
Investment in partnerships		(31,746	)		—
Property, plant and equipment		(366	)		—
Undistributed earnings of foreign subsidiaries		(882	)		(1,363	)
Gross deferred tax liabilities		(39,559	)		(6,562	)
Net deferred tax liabilities	$	(20,734	)	$	(884	)

Reconciliation Unrecognized Tax Benefits

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

Balance as of December 31, 2016	$	772
Additions for tax positions related to current year		1,122
Additions for tax positions related to prior years		173
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2017	$	2,067
Additions for tax positions related to current year		932
Additions for tax positions related to prior years		238
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(30	)
Settlements		—
Balance as of December 31, 2018	$	3,207

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697
Year ended December 31, 2017:
U.S. federal	$	4,174	$	359		$	4,533
State and local		2,706		(170	)		2,536
Foreign		1,546		615			2,161
	$	8,426	$	804		$	9,230
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

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

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

	2018			2017			2016
U.S.	$	318,094		$	332,989		$	313,801
Foreign		(1,766	)		(5,701	)		(1,264	)
Total	$	316,328		$	327,288		$	312,537

Schedule of Effective Income Tax Rate Reconciliation

	2018			2017			2016
Income tax expense at U.S. federal statutory rate	$	66,429		$	114,551		$	109,388
Tax adjustment related to REIT^(a)		(63,753	)		(109,294	)		(101,999	)
State and local income taxes, net of federal income tax benefit		1,461			1,193			1,481
Book expenses not deductible for tax purposes		1,926			2,635			2,465
Stock-based compensation		1,090			(121	)		169
Valuation allowance^(b)		3,813			3,953			2,340
Rate Change^(c)		(80	)		(466	)		(19	)
Undistributed earnings of foreign subsidiaries^(d)		(393	)		1,363			—
Minimum tax credit refundable^(e)		—			(4,108	)		—
Other differences, net^(f)		204			(476	)		(469	)
Income tax expense	$	10,697		$	9,230		$	13,356

^(a)	Includes dividend paid deduction of $69,902, $110,824 and $102,888 for the tax years ended December 31, 2018, 2017 and 2016, respectively.

^(b)	For the years ended December 31, 2018, 2017 and 2016, a non-cash valuation allowance of $3,813, $3,953 and $2,340, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under the TCJA, the U.S. corporate income tax rate was lowered from 35% to 21%. As a result, a non-cash benefit of $466 to income tax expense was recorded for the reduction of the U.S. net deferred tax liability for the year ended December 31, 2017.

^(d)

In periods prior to December 31, 2017, the undistributed earnings of our Canadian subsidiaries were designated as permanently reinvested. As of December 31, 2017, however, management did not assert that the undistributed earnings of our Canadian subsidiaries will be permanently reinvested. For the years ended December 31, 2018 and 2017, we recognized a deferred tax (benefit) charge of $(393) and $1,363 for future foreign withholding taxes related to undistributed earnings.

^(e)

^(f)	Upon enactment, the TCJA includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings, net of foreign tax credits. As a result, a cash charge of $736 to income tax expense was recorded for the year ended December 31, 2017.

Components of Deferred Taxes

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

	2018			2017
Deferred tax assets:
Allowance for doubtful accounts	$	654		$	709
Accrued liabilities not deducted for tax purposes		7,022			3,648
Asset retirement obligation		—			124
Net operating loss carry forwards		34,716			18,617
Tax credit carry forwards		320			153
Charitable contributions carry forward		47			7
Property, plant and equipment		—			2,300
Investment in partnership		—			240
Gross deferred tax assets		42,759			25,798
Less: valuation allowance		(23,934	)		(20,120	)
Net deferred tax assets		18,825			5,678
Deferred tax liabilities:
Intangibles		(6,565	)		(5,199	)
Investment in partnership		(31,746	)		—
Property, plant and equipment		(366	)		—
Undistributed earnings of foreign subsidiaries		(882	)		(1,363	)
Gross deferred tax liabilities		(39,559	)		(6,562	)
Net deferred tax liabilities	$	(20,734	)	$	(884	)

Reconciliation Unrecognized Tax Benefits

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

Balance as of December 31, 2016	$	772
Additions for tax positions related to current year		1,122
Additions for tax positions related to prior years		173
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		—
Settlements		—
Balance as of December 31, 2017	$	2,067
Additions for tax positions related to current year		932
Additions for tax positions related to prior years		238
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(30	)
Settlements		—
Balance as of December 31, 2018	$	3,207

Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2018

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
2018	5%	46%	2%		6
2017	5%	45%	2%		6
2016	5%	45%	2%		6

Stock Option Transactions under Various Stock-Based Employee Compensation Plans

Information regarding the 1996 Plan for the year ended December 31, 2018 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		1,099,877		$	44.00
Granted		104,000			67.21
Exercised		(361,618	)		37.15
Forfeited		(5,400	)		73.56
Expired		—			—
Outstanding, end of year		836,859			49.65		5.34
Exercisable at end of year		650,359			44.59		4.43

Summary of ESPP Share Activity

The following is a summary of 2009 ESPP share activity for the year ended December 31, 2018:

	Shares
Available for future purchases, January 1, 2018		225,418
Additional shares reserved under 2009 ESPP		83,838
Purchases		(126,012	)
Available for future purchases, December 31, 2018		183,244

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017.

	Year 2018 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	361,026	$	419,800	$	418,498	$	427,898
Net revenues less direct advertising expenses	$	222,733	$	279,016	$	277,799	$	285,826
Net income applicable to common stock	$	14,961	$	100,340	$	93,965	$	95,601
Net income per common share basic	$	0.15	$	1.02	$	0.95	$	0.97
Net income per common share diluted	$	0.15	$	1.02	$	0.95	$	0.96

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income applicable to common stock	$	41,696	$	92,303	$	96,240	$	87,072
Net income per common share basic	$	0.43	$	0.94	$	0.98	$	0.89
Net income per common share diluted	$	0.42	$	0.94	$	0.98	$	0.89

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Summary of Quarterly Financial Data

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2018 and 2017.

	Year 2018 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	361,026	$	419,800	$	418,498	$	427,898
Net revenues less direct advertising expenses	$	222,733	$	279,016	$	277,799	$	285,826
Net income	$	15,158	$	100,520	$	94,165	$	95,788

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income	$	41,893	$	92,479	$	96,437	$	87,249

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

12 Months Ended

Dec. 31, 2018

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of December 31, 2018


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

ASSETS
Total current assets	$	4,653	$	121,549	$	236,967	$	—		$	363,169
Net property, plant and equipment		—		1,289,348		5,700		—			1,295,048
Intangibles and goodwill, net		—		2,804,915		19,304		—			2,824,219
Other assets		4,056,288		230,504		184,247		(4,425,589	)		45,450
Total assets	$	4,060,941	$	4,446,316	$	446,218	$	(4,425,589	)	$	4,527,886
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	29,086	$	34	$	175,000	$	—		$	204,120
Other current liabilities		27,067		204,103		14,578		—			245,748
Total current liabilities		56,153		204,137		189,578		—			449,868
Long-term debt		2,684,500		68		—		—			2,684,568
Other noncurrent liabilities		200,092		246,312		251,835		(424,985	)		273,254
Total liabilities		2,940,745		450,517		441,413		(424,985	)		3,407,690
Stockholders’ equity		1,120,196		3,995,799		4,805		(4,000,604	)		1,120,196
Total liabilities and stockholders’ equity	$	4,060,941	$	4,446,316	$	446,218	$	(4,425,589	)	$	4,527,886

Condensed Consolidating Balance Sheet as of December 31, 2017


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

ASSETS
Total current assets	$	87,167	$	293,536	$	39,316	$	—		$	420,019
Net property, plant and equipment		—		1,193,705		20,433		—			1,214,138
Intangibles and goodwill, net		—		2,495,370		30,812		—			2,526,182
Other assets		3,707,352		10,571		7		(3,680,327	)		37,603
Total assets	$	3,794,519	$	3,993,182	$	90,568	$	(3,680,327	)	$	4,197,942
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	17,664	$	—	$	—	$	—		$	17,664
Other current liabilities		120,500		164,393		19,429		—			304,322
Total current liabilities		138,164		164,393		19,429		—			321,986
Long-term debt		2,539,026		—		—		—			2,539,026
Other noncurrent liabilities		26,231		218,900		61,587		(60,886	)		245,832
Total liabilities		2,703,421		383,293		81,016		(60,886	)		3,106,844
Stockholders’ equity		1,091,098		3,609,889		9,552		(3,619,441	)		1,091,098
Total liabilities and stockholders’ equity	$	3,794,519	$	3,993,182	$	90,568	$	(3,680,327	)	$	4,197,942

Condensed Consolidating Statements of Income and Comprehensive Income

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,579,619		$	50,352		$	(2,749	)	$	1,627,222
Operating expenses
Direct advertising expenses ⁽¹⁾		—			537,269			27,307			(2,728	)		561,848
General and administrative expenses ⁽¹⁾		—			280,874			8,554			—			289,428
Corporate expenses ⁽¹⁾		—			80,861			1,636			—			82,497
Depreciation and amortization		—			219,341			5,920			—			225,261
(Gain) loss on disposition of assets		—			(576	)		7,809			—			7,233
		—			1,117,769			51,226			(2,728	)		1,166,267
Operating income (loss)		—			461,850			(874	)		(21	)		460,955
Equity in (earnings) loss of subsidiaries		(450,791	)		—			—			450,791			—
Interest expense (income), net		129,731			(99	)		(413	)		(21	)		129,198
Other expenses		15,429			—			—			—			15,429
Income (loss) before income tax expense		305,631			461,949			(461	)		(450,791	)		316,328
Income tax expense ⁽²⁾		—			7,879			2,818			—			10,697
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631

Statement of Comprehensive Income
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631
Total other comprehensive income, net of tax		—			—			(1,290	)		—			(1,290	)
Total comprehensive income (loss)	$	305,631		$	454,070		$	(4,569	)	$	(450,791	)	$	304,341

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

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2017


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,494,275		$	51,332		$	(4,347	)	$	1,541,260
Operating expenses
Direct advertising expenses ⁽¹⁾		—			512,247			31,277			(2,644	)		540,880
General and administrative expenses ⁽¹⁾		—			266,798			9,431			—			276,229
Corporate expenses ⁽¹⁾		—			60,830			1,132			—			61,962
Depreciation and amortization		—			201,424			9,680			—			211,104
(Gain) loss on disposition of assets		—			(5,704	)		1,040			—			(4,664	)
		—			1,035,595			52,560			(2,644	)		1,085,511
Operating income (loss)		—			458,680			(1,228	)		(1,703	)		455,749
Equity in (earnings) loss of subsidiaries		(446,520	)		—			—			446,520			—
Interest expense (income), net		128,391			(5	)		1,707			(1,703	)		128,390
Other expenses		71			—			—			—			71
Income (loss) before income tax expense		318,058			458,685			(2,935	)		(446,520	)		327,288
Income tax expense ⁽²⁾		—			7,069			2,161			—			9,230
Net income (loss)	$	318,058		$	451,616		$	(5,096	)	$	(446,520	)	$	318,058

Statement of Comprehensive Income
Net income (loss)	$	318,058		$	451,616		$	(5,096	)	$	(446,520	)	$	318,058
Total other comprehensive income, net of tax		—			—			1,926			—			1,926
Total comprehensive income (loss)	$	318,058		$	451,616		$	(3,170	)	$	(446,520	)	$	319,984

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

Condensed Consolidating Statements of 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 Cash Flows

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2018


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

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	430,896		$	689,718		$	(17,143	)	$	(566,386	)	$	537,085
Cash flows from investing activities:
Acquisitions		—			(477,389	)		—			—			(477,389	)
Capital expenditures		—			(113,259	)		(4,379	)		—			(117,638	)
Proceeds from disposition of assets and investments		—			3,839			2,809			—			6,648
Proceeds received from insurance claims		—			—			4,222			—			4,222
Investment in subsidiaries		(498,226	)		—			—			498,226			—
Decrease in intercompany notes receivable		30,034			—			—			(30,034	)		—
Decrease in notes receivable		9			—			—			—			9
Net cash (used in) provided by investing activities		(468,183	)		(586,809	)		2,652			468,192			(584,148	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		563,000			—			—			—			563,000
Payment on revolving credit facility		(481,000	)		—			—			—			(481,000	)
Principal payments on long-term debt		(27,297	)		(31	)		—			—			(27,328	)
Proceeds received from senior credit facility term loans		599,250			—			—			—			599,250
Proceeds received from receivable financing agreement		—			—			175,000			—			175,000
Debt issuance costs		(7,616	)		—			—			—			(7,616	)
Redemption on senior subordinated notes		(509,790	)		—			—			—			(509,790	)
Intercompany loan proceeds (payments)		175,000			(24,688	)		(180,346	)		30,034			—
Distributions to non-controlling interest		—			—			(541	)		—			(541	)
Contributions from (to) parent		89,967			498,226			—			(498,226	)		89,967
Dividends (to) from parent		(446,744	)		(566,386	)		—			566,386			(446,744	)
Net cash (used in) provided by financing activities		(45,230	)		(92,879	)		(5,887	)		98,194			(45,802	)
Effect of exchange rate changes in cash and cash equivalents		—			—			(1,112	)		—			(1,112	)
Net increase in cash and cash equivalents		(82,517	)		10,030			(21,490	)		—			(93,977	)
Cash and cash equivalents at beginning of period		86,546			1,625			26,800			—			114,971
Cash and cash equivalents at end of period	$	4,029		$	11,655		$	5,310		$	—		$	20,994

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2017


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

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	383,370		$	602,504		$	2,174		$	(503,808	)	$	484,240
Cash flows from investing activities:
Acquisitions		3,750			(298,901	)		(2,154	)		—			(297,305	)
Capital expenditures		—			(104,325	)		(5,004	)		—			(109,329	)
Proceeds from disposition of assets and investments		—			6,053			—			—			6,053
Investment in subsidiaries		(301,055	)		—			—			301,055			—
(Increase) decrease in intercompany notes receivable		(7,624	)		—			—			7,624			—
Decrease in notes receivable		515			—			—			—			515
Net cash (used in) provided by investing activities		(304,414	)		(397,173	)		(7,158	)		308,679			(400,066	)
Cash flows from financing activities:
Principal payments on long-term debt		(16,993	)		—			—			—			(16,993	)
Payment on revolving credit facility		(477,000	)		—			—			—			(477,000	)
Proceeds received from revolving credit facility		495,000			—			—			—			495,000
Payment on senior credit facility		(247,500	)		—			—			—			(247,500	)
Proceeds received from senior credit facility		450,000			—			—			—			450,000
Debt issuance costs		(4,941	)		—			—			—			(4,941	)
Intercompany loan proceeds (payments)		—			—			7,624			(7,624	)		—
Distributions to non-controlling interest		—			—			(693	)		—			(693	)
Contributions from (to) parent		49,187			298,901			2,154			(301,055	)		49,187
Dividends (to) from parent		(252,925	)		(503,808	)		—			503,808			(252,925	)
Net cash (used in) provided by financing activities		(5,172	)		(204,907	)		9,085			195,129			(5,865	)
Effect of exchange rate changes in cash and cash equivalents		—			—			1,632			—			1,632
Net increase in cash and cash equivalents		73,784			424			5,733			—			79,941
Cash and cash equivalents at beginning of period		12,762			1,201			21,067			—			35,030
Cash and cash equivalents at end of period	$	86,546		$	1,625		$	26,800		$	—		$	114,971

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

Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) Billboard State Transit Reporting_Unit $ / shares shares	Dec. 31, 2017 USD ($) $ / shares shares	Dec. 31, 2016 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays \| Billboard	156,900
Number of states in which the company operates \| State	45
Number of states in which the company operates logo sign business \| State	23
Number of transit advertising displays \| Transit	53,300
Number of states in which the company operates transit advertising displays \| State	22
Number of reporting units \| Reporting_Unit	2
REIT threshold percentage of taxable income to be distributed to stockholders	90.00%
Dividends paid in current year declared in prior period	$ 81,534
Dividends paid in current year declared in prior period, per share \| $ / shares	$ 0.83
Dividends declared		$ 325,462	$ 293,600
Dividends declared, per share \| $ / shares	$ 3.65	$ 3.32	$ 3.02
Distributions declared, preferred stockholders		$ 91
Distributions declared, preferred stockholders, per share \| $ / shares		$ 15.95
Distributions paid, preferred stockholders	$ 456		$ 365
Distributions paid, preferred stockholders, per share \| $ / shares	$ 79.75		$ 63.80
Distributions declared, preferred stockholders	$ 365	$ 365	$ 365
Distributions declared, preferred stockholders, per share \| $ / shares	$ 63.80	$ 63.80	$ 63.80
Dilutive shares \| shares	0	0	0
Non cash compensation expense	$ 29,443	$ 9,599	$ 28,560
Investment maturity period	Three months or less
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays \| Billboard	156,900
Number of states in which the company operates \| State	45
Number of states in which the company operates logo sign business \| State	23
Non cash compensation expense	$ 29,443	9,599	28,560
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	3,644
Performance-Based Stock Incentive Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	25,427
Stock Awards to Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	372
Taxable Income Distribution [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid	$ 442,632	$ 243,928	$ 293,600
Distributions paid, per share \| $ / shares	$ 4.48	$ 2.49	$ 3.02
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	2 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	15 years

Significant Accounting Policies - Revenue and Expense Recognized for Advertising Barter Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Net revenues	$ 8,955	$ 8,469	$ 8,051
Direct advertising expenses	3,633	3,603	3,559
General and administrative expenses	$ 4,758	$ 4,332	$ 4,067

Revenues - Disaggregation Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation Of Revenue [Line Items]
Net revenues	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 398,475	$ 399,345	$ 397,078	$ 346,362	$ 1,627,222	$ 1,541,260	$ 1,500,294
Billboard Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									1,412,978	1,340,422	1,311,861
Logo Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									84,424	82,936	80,533
Transit Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									$ 129,820	$ 117,902	$ 107,900

Acquisitions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) Market shares	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets paid in cash	$ 477,389	$ 297,305	$ 585,054
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	489,671
Total purchase price of outdoor advertising assets paid in cash	8,554
Total purchase price consisting of cash	477,389
Portion of acquired assets assigned to goodwill	182,117
Total acquired intangible assets	402,740
Amount deductible for tax purposes	0
Aggregate amortization expense related to acquisition	2,681
2018 Acquisitions [Member] \| Other [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 220,623
Weighted average useful life	14 years
2018 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 33,310
Weighted average useful life	7 years
2018 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets	$ 186,635
Weighted average useful life	15 years
2018 Acquisitions [Member] \| Common Class A [Member]
Business Acquisition [Line Items]
Issuance of common stock \| shares	163,137
Issuance of common stock, value	$ 12,282
Fairway Outdoor Advertising [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	$ 418,500
Number of business acquired \| Market	5
Portion of acquired assets assigned to property, plant and equipment	$ 91,173
Portion of acquired assets assigned to intangibles	156,319
Portion of acquired assets assigned to goodwill	$ 182,117
2017 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets		300,185
Portion of acquired assets assigned to goodwill		13,925
Total acquired intangible assets		258,187
Amount deductible for tax purposes		0
Aggregate amortization expense related to acquisition		6,106
Total purchase price of outdoor advertising assets paid in cash		297,305
Non cash consideration of outdoor advertising assets		2,880
Gain on exchange of outdoor advertising assets		2,389
2017 Acquisitions [Member] \| Other [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 244,262
Weighted average useful life		14 years
2017 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 26,397
Weighted average useful life		7 years
2017 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Total acquired intangible assets		$ 216,510
Weighted average useful life		15 years

Acquisitions - Summary of Allocation of Acquisition Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment		$ 8,648
Asset acquisition costs		336
Current assets		1,041
Current liabilities		(355)
Total		73,638
Goodwill		182,117
2018 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		57,105
2018 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		342
2018 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		$ 6,521
2017 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment	$ 43,483
Asset acquisition costs	529
Current assets	3,583
Current liabilities	(1,733)
Total	300,185
Goodwill	13,925
Long–term liabilities	(3,335)
2017 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	216,510
2017 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	826
2017 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 26,397

Acquisitions - Summary of Unaudited Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues	$ 1,699,052	$ 1,647,445
Net income applicable to common stock	$ 299,493	$ 306,900
Net income per common share — basic	$ 3.03	$ 3.13
Net income per common share — diluted	$ 3.02	$ 3.12
2017 Acquisitions [Member]
Business Acquisition [Line Items]
Net revenues		$ 1,572,989	$ 1,554,758
Net income applicable to common stock		$ 318,200	$ 297,518
Net income per common share — basic		$ 3.25	$ 3.06
Net income per common share — diluted		$ 3.23	$ 3.05

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash acquisition of capital expenditures and outdoor advertising assets		$ 2,879,000	$ 9,000,000
Non-cash financing activity of declared distributions		81,625,000
Non-cash financing activity	$ 0		0
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash acquisition of capital expenditures and outdoor advertising assets		2,879,000	9,000,000
Non-cash financing activity	0		$ 0
Non-cash investing activities	$ 0
Non-cash financing activity of declared distributions to parent company		$ 81,534,000
Common Class A [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Issuance of shares related to acquisition	163,137
Issuance of shares related to acquisition, value	$ 12,282,000

Property, Plant and Equipment - Summary of Major Categories of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,525,725	$ 3,384,723
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 384,264	369,690
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	$ 173,306	160,494
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	$ 2,817,170	2,704,356
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	$ 150,985	$ 150,183
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, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,950,906	$ 2,769,332
Accumulated Amortization	2,035,453	1,972,984
Goodwill gross carrying amount	2,172,922	1,993,990
Goodwill accumulated amortization	253,536	253,536
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,950,360	2,768,786
Accumulated Amortization	2,035,376	1,972,907
Goodwill gross carrying amount	2,161,902	1,982,970
Goodwill accumulated amortization	$ 252,667	252,667
Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Customer Lists and Contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 610,376	586,055
Accumulated Amortization	514,928	505,778
Customer Lists and Contracts [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	610,376	586,055
Accumulated Amortization	$ 514,928	505,778
Customer Lists and Contracts [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Customer Lists and Contracts [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Non-competition Agreements [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 65,771	65,477
Accumulated Amortization	64,119	63,924
Non-competition Agreements [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	65,771	65,477
Accumulated Amortization	$ 64,119	63,924
Non-competition Agreements [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Non-competition Agreements [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,228,767	2,072,059
Accumulated Amortization	1,422,794	1,372,954
Site Locations [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,228,767	2,072,059
Accumulated Amortization	$ 1,422,794	1,372,954
Site Locations [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 45,992	45,741
Accumulated Amortization	33,612	30,328
Other [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	45,446	45,195
Accumulated Amortization	$ 33,535	$ 30,251
Other [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Other [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Other [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

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

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 95,010	$ 85,257	$ 80,864

Goodwill and Other Intangible Assets - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
2019	$ 103,754
2020	93,200
2021	89,240
2022	84,410
2023	73,552
Thereafter	471,297
Total	$ 915,453	$ 796,348

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

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Rental expense related to company's operating lease	$ 381,890	$ 366,892	$ 350,135

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	$ 20,667	$ 14,962
Interest	27,067	38,967
Insurance benefits	12,633	13,393
Accrued lease expense	36,158	37,073
Stock-based compensation	19,211	4,793
Distributions payable		81,625
Other	6,731	6,862
Total	122,467	197,675
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	20,667	14,962
Interest	27,067	38,967
Accrued lease expense	36,158	37,073
Stock-based compensation	19,211	4,793
Dividend to parent payable		81,534
Other	14,197	16,338
Total	$ 117,300	$ 193,667

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Debt	$ 2,914,552	$ 2,585,409
Debt, Less current maturities	(209,365)	(22,797)
Debt, excluding current maturities	2,705,187	2,562,612
Deferred financing costs	25,864	28,719
Deferred financing costs, Less current maturities	(5,245)	(5,133)
Deferred financing costs, excluding current maturities	20,619	23,586
Debt, net of deferred financing costs	2,888,688	2,556,690
Debt, net of deferred financing costs, Less current maturities	(204,120)	(17,664)
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	2,914,552	2,585,409
Debt, Less current maturities	(209,365)	(22,797)
Debt, excluding current maturities	2,705,187	2,562,612
Deferred financing costs	25,864	28,719
Deferred financing costs, Less current maturities	(5,245)	(5,133)
Deferred financing costs, excluding current maturities	20,619	23,586
Debt, net of deferred financing costs	2,888,688	2,556,690
Debt, net of deferred financing costs, Less current maturities	(204,120)	(17,664)
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	1,291,088	636,750
Deferred financing costs	11,576	7,689
Debt, net of deferred financing costs	1,279,512	629,061
Senior Credit Facility [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	1,291,088	636,750
Deferred financing costs	11,576	7,689
Debt, net of deferred financing costs	1,279,512	629,061
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt		500,000
Deferred financing costs		5,850
Debt, net of deferred financing costs		494,150
5 7/8% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt		500,000
Deferred financing costs		5,850
Debt, net of deferred financing costs		494,150
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Debt	175,000
Deferred financing costs	1,168
Debt, net of deferred financing costs	173,832
Accounts Receivable Securitization Program [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	175,000
Deferred financing costs	1,168
Debt, net of deferred financing costs	173,832
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	4,104	4,927
Debt, net of deferred financing costs	530,896	530,073
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	535,000	535,000
Deferred financing costs	4,104	4,927
Debt, net of deferred financing costs	530,896	530,073
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	4,262	4,982
Debt, net of deferred financing costs	505,738	505,018
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	510,000	510,000
Deferred financing costs	4,262	4,982
Debt, net of deferred financing costs	505,738	505,018
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	3,464	3,659
Debt, net of deferred financing costs	3,464	3,659
Other Notes with Various Rates and Terms [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	3,464	3,659
Debt, net of deferred financing costs	3,464	3,659
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000	400,000
Deferred financing costs	4,754	5,271
Debt, net of deferred financing costs	395,246	394,729
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	400,000	400,000
Deferred financing costs	4,754	5,271
Debt, net of deferred financing costs	$ 395,246	$ 394,729

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Dec. 31, 2018	Dec. 31, 2017	Jan. 28, 2016	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 7/8% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes		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. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.00%	5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%	5.375%		5.375%
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.375%	5.375%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%	5.75%	5.75%
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%	5.75%

Long-term Debt - Summary of Long-Term Debt Contractual Maturities (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Debt [Member]
Debt Instrument [Line Items]
2019	$ 34,365
2020	56,881
2021	248,773
2022	556,256
2023	541,275
Later years	1,477,002
Debt [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2019	34,365
2020	56,881
2021	248,773
2022	556,256
2023	541,275
Later years	1,477,002
Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2019	5,245
2020	5,368
2021	5,498
2022	4,064
2023	2,900
Later years	2,789
Deferred Financing Costs [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2019	5,245
2020	5,368
2021	5,498
2022	4,064
2023	2,900
Later years	2,789
Debt Net of Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2019	29,120
2020	51,513
2021	243,275
2022	552,192
2023	538,375
Later years	1,474,213
Debt Net of Deferred Financing Costs [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2019	29,120
2020	51,513
2021	243,275
2022	552,192
2023	538,375
Later years	$ 1,474,213

Long-term Debt - Additional Information (Detail)									12 Months Ended
Long-term Debt - Additional Information (Detail)	Dec. 18, 2018 USD ($)	Mar. 19, 2018	Mar. 16, 2018 USD ($)	May 15, 2017 USD ($)	Jan. 28, 2016 USD ($)	Jan. 10, 2014 USD ($)	Oct. 30, 2012 USD ($)	Feb. 09, 2012 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Proceeds received from term A loans									$ 599,250,000	$ 450,000,000	$ 300,000,000
Outstanding revolving credit facility									280,000,000
Remaining borrowing capacity under revolving credit facility									156,817,000
Aggregate principal amount of debt issued									2,914,552,000
Debt instrument outstanding amount									2,914,552,000	2,585,409,000
Loss on debt extinguishment									15,429,000	71,000	3,198,000
AR Program [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Dec. 17, 2021
Aggregate principal amount of debt issued	$ 175,000,000
Debt instrument outstanding amount									$ 175,000,000
Bearing interest rate									3.40%
5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Redemption price, percentage of loan		101.958%
Aggregate principal amount of debt issued								$ 500,000,000
Debt instrument outstanding amount										$ 500,000,000
Interest rate on convertible notes								5.875%		5.875%
Net proceeds from the issuance of debt								$ 489,000,000
Loss on debt extinguishment									$ 15,429,000
Loss on debt extinguishment on cash									9,790,000
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued							$ 535,000,000
Debt instrument outstanding amount									$ 535,000,000	$ 535,000,000
Interest rate on convertible notes							5.00%		5.00%	5.00%
Net proceeds from the issuance of debt							$ 527,100,000
Redemption price percentage of the principal amount to be purchased							101.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt issued						$ 510,000,000
Debt instrument outstanding amount									$ 510,000,000	$ 510,000,000
Interest rate on convertible notes						5.375%			5.375%	5.375%
Net proceeds from the issuance of debt						$ 502,300,000
Redemption price percentage of the principal amount to be purchased						101.00%
5 3/8% 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]
Aggregate principal amount of debt issued					$ 400,000,000
Debt instrument outstanding amount									$ 400,000,000	$ 400,000,000
Interest rate on convertible notes					5.75%				5.75%	5.75%
Net proceeds from the issuance of debt					$ 394,500,000
Redemption price percentage of the principal amount to be purchased					101.00%
5 3/4% Senior Notes [Member] \| Prior to February 1, 2019 [Member]
Debt Instrument [Line Items]
Redemption price, percentage of loan					105.75%
Redemption percentage of aggregate principal amount of senior notes					35.00%
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]
Redemption price, percentage of loan					100.00%
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance									$ 13,183,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Proceeds received from term A loans									599,250,000	$ 450,000,000	300,000,000
Debt instrument outstanding amount									2,914,552,000	2,585,409,000
Loss on debt extinguishment									15,429,000	71,000	$ 3,198,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| AR Program [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount									175,000,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| 5 7/8% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount										$ 500,000,000
Interest rate on convertible notes										5.875%
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| 5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount									$ 535,000,000	$ 535,000,000
Interest rate on convertible notes									5.00%	5.00%
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| 5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount									$ 510,000,000	$ 510,000,000
Interest rate on convertible notes									5.375%	5.375%
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| 5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount									$ 400,000,000	$ 400,000,000
Interest rate on convertible notes									5.75%	5.75%
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility				$ 450,000,000
Debt instrument maturity date				May 15, 2022
Term A Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility				$ 450,000,000
Debt instrument maturity date				May 15, 2022
Proceeds received from term A loans				$ 450,000,000
Term A Loan Facility [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.75%
Ratio of indebtedness to net capital one			3.25
Ratio of indebtedness to net capital minimum			1
Term A Loan Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than Three Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.50%
Term A Loan Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			0.75%
Ratio of indebtedness to net capital one			3.25
Ratio of indebtedness to net capital minimum			1
Term A Loan Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than Three Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate			0.50%
Term B Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility			$ 600,000,000
Debt instrument maturity date			Mar. 16, 2025
Amended and restated date			Mar. 16, 2018
Redemption price, percentage of loan			5.875%
Revolving Credit Facility [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt instrument maturity date									May 15, 2022
Revolving Credit Facility [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			2.25%
Ratio of indebtedness to net capital one			4.25
Ratio of indebtedness to net capital minimum			1
Revolving Credit Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate			2.00%
Revolving Credit Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than Three Point Zero Zero [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.75%
Ratio of indebtedness to net capital one			3.00
Ratio of indebtedness to net capital minimum			1
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.25%
Ratio of indebtedness to net capital one			4.25
Ratio of indebtedness to net capital minimum			1
Revolving Credit Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate			1.00%
Revolving Credit Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than Three Point Zero Zero [Member]
Debt Instrument [Line Items]
Adjusted Rate			0.75%
Ratio of indebtedness to net capital one			3.00
Ratio of indebtedness to net capital minimum			1

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
March 31, 2019-June 30, 2019 [Member] \| Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 5,625
March 31, 2019-June 30, 2019 [Member] \| Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
September 30, 2019-June 30, 2020 [Member] \| Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	8,438
September 30, 2019-June 30, 2020 [Member] \| Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
September 30, 2020-March 31, 2022 [Member] \| Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	16,875
September 30, 2020-March 31, 2022 [Member] \| Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
Term A Loan Maturity May 15, 2022 [Member] \| Term A [Member]
Debt Instrument [Line Items]
Principal payment amount	253,125
June 30, 2022-December 31, 2024 [Member] \| Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	1,500
Term B Loan Maturity March 16, 2025 [Member] \| Term B [Member]
Debt Instrument [Line Items]
Principal payment amount	$ 559,500

Long-term Debt - Schedule of Maturities of Long Term Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2018
March 31, 2019-June 30, 2019 [Member]
Debt Instrument [Line Items]
Principal payment date	March 31, 2019-June 30, 2019
September 30, 2019-June 30, 2020 [Member]
Debt Instrument [Line Items]
Principal payment date	September 30, 2019-June 30, 2020
September 30, 2020-March 31, 2022 [Member]
Debt Instrument [Line Items]
Principal payment date	September 30, 2020-March 31, 2022
June 30, 2022-December 31, 2024 [Member]
Debt Instrument [Line Items]
Principal payment date	June 30, 2022-December 31, 2024

Asset Retirement Obligation - Information Related to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 215,089	$ 210,889
Additions to asset retirement obligations	7,583	4,003
Accretion expense	4,404	4,236
Liabilities settled	(4,087)	(4,039)
Ending Balance	$ 222,989	$ 215,089

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, 2018	Dec. 31, 2017	Dec. 31, 2016
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 225,261	$ 211,104	$ 204,958
Direct Advertising Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	212,585	196,107	191,169
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	4,134	4,151	3,650
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 8,542	$ 10,846	$ 10,139

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax [Line Items]
TCJA, Tax benefit to Current tax expense		$ 3,372,000
TCJA, Tax benefit to deferred tax expense		466,000
Income taxes receivable (payable)	$ (458,000)	$ 3,106,000
Income tax rate	21.00%	35.00%	35.00%
Amounts of credits available to offset income tax	$ 4,799,000
Minimum tax credit carryforward, cash benefit		$ 4,108,000
Net operating income	460,556,000	455,367,000	$ 439,045,000
Undistributed earnings of subsidiaries	22,528,000
Deferred tax liabiliites foreign withholding taxes	882,000	1,363,000
Current income tax expense (benefit) related to current period earnings	234,000
Tax benefit prior year earnings repatriated	(635,000)
Unrecognized tax benefits	3,207,000	2,067,000	$ 772,000
Income tax penalties and interest expense	411,000	213,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
TCJA, Tax benefit to Current tax expense		3,372,000
TCJA, Tax benefit to deferred tax expense		466,000
Income taxes receivable (payable)	$ (458,000)	$ 3,106,000
Income tax rate	21.00%	35.00%	35.00%
Amounts of credits available to offset income tax	$ 14,771,000
Minimum tax credit carryforward, cash benefit		$ 4,108,000
Net operating income	460,955,000	455,749,000	$ 439,417,000
Undistributed earnings of subsidiaries	22,528,000
Deferred tax liabiliites foreign withholding taxes	882,000	1,363,000
Current income tax expense (benefit) related to current period earnings	234,000
Tax benefit prior year earnings repatriated	(635,000)
Unrecognized tax benefits	3,207,000	2,067,000	772,000
Income tax penalties and interest expense	411,000	213,000
Minimum tax credit carryforwards, tax benefit		4,108,000
Unrecognized tax benefits	112,000
State and Local Jurisdiction [Member]
Income Tax [Line Items]
Amounts of credits available to offset income tax	190,000
State net operating loss carry forward	724,635,000
Valuation allowance for deferred tax assets	0	0
Net change in total state valuation allowance		0	0
State and Local Jurisdiction [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	686,914,000
Amounts of credits available to offset income tax	190,000
Valuation allowance for deferred tax assets	0	0
Net change in total state valuation allowance		0	$ 0
Foreign Tax Authority
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	51,642,000
Amounts of credits available to offset income tax	153,000
Valuation allowance for deferred tax assets	23,934,000	20,120,000
Net change in total state valuation allowance	3,814,000	3,953,000
Net operating income	(7,377,000)
Foreign Tax Authority \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	51,642,000
Amounts of credits available to offset income tax	153,000
Valuation allowance for deferred tax assets	23,934,000	20,120,000
Net change in total state valuation allowance	3,814,000	$ 3,953,000
Net operating income	(7,377,000)
US [Member]
Income Tax [Line Items]
US net operating loss carry forwards	285,126,000
US [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	148,993,000
Internal Revenue Service IRS [Member]
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	63,716,000
Internal Revenue Service IRS [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
Net operating loss subject to Internal Revenue Code 382	$ 63,716,000

Income Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax [Line Items]
U.S. federal, Current	$ 4,952	$ 4,174	$ 9,518
State and local, Current	2,615	2,706	2,681
Foreign, Current	1,592	1,546	1,500
Total Current	9,159	8,426	13,699
U.S. federal, Deferred	435	359	(935)
State and local, Deferred	(123)	(170)	(6)
Foreign, Deferred	1,226	615	598
Total, Deferred	1,538	804	(343)
U.S. federal, Total	5,387	4,533	8,583
State and local, Total	2,492	2,536	2,675
Foreign, Total	2,818	2,161	2,098
Income tax expense	10,697	9,230	13,356
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
U.S. federal, Current	4,952	4,174	9,518
State and local, Current	2,615	2,706	2,681
Foreign, Current	1,592	1,546	1,500
Total Current	9,159	8,426	13,699
U.S. federal, Deferred	435	359	(935)
State and local, Deferred	(123)	(170)	(6)
Foreign, Deferred	1,226	615	598
Total, Deferred	1,538	804	(343)
U.S. federal, Total	5,387	4,533	8,583
State and local, Total	2,492	2,536	2,675
Foreign, Total	2,818	2,161	2,098
Income tax expense	$ 10,697	$ 9,230	$ 13,356

Income Taxes - U.S. and Foreign Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	$ 317,695	$ 332,607	$ 313,429
Foreign	(1,766)	(5,701)	(1,264)
Income before income tax expense	315,929	326,906	312,165
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Components Of Earnings From Continuing Operations Before Income Taxes And Provision For Income Taxes [Line Items]
U.S.	318,094	332,989	313,801
Foreign	(1,766)	(5,701)	(1,264)
Income before income tax expense	$ 316,328	$ 327,288	$ 312,537

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	$ 66,345	$ 114,417	$ 109,257
Tax adjustment related to REIT	(63,669)	(109,294)	(101,868)
State and local income taxes, net of federal income tax benefit	1,461	1,193	1,481
Book expenses not deductible for tax purposes	1,926	2,635	2,465
Stock-based compensation	1,090	(121)	169
Valuation allowance	3,813	3,953	2,340
Rate change	(80)	(466)	(19)
Undistributed earnings of foreign subsidiaries	(393)	1,363
Minimum tax credit refundable		(4,108)
Other differences, net	204	(342)	(469)
Income tax expense	10,697	9,230	13,356
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax expense at U.S. federal statutory rate	66,429	114,551	109,388
Tax adjustment related to REIT	(63,753)	(109,294)	(101,999)
State and local income taxes, net of federal income tax benefit	1,461	1,193	1,481
Book expenses not deductible for tax purposes	1,926	2,635	2,465
Stock-based compensation	1,090	(121)	169
Valuation allowance	3,813	3,953	2,340
Rate change	(80)	(466)	(19)
Undistributed earnings of foreign subsidiaries	(393)	1,363
Minimum tax credit refundable		(4,108)
Other differences, net	204	(476)	(469)
Income tax expense	$ 10,697	$ 9,230	$ 13,356

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	$ 69,818	$ 110,442	$ 102,888
Valuation allowance	$ 3,813	$ 3,953	$ 2,340
Income tax rate	21.00%	35.00%	35.00%
Rate change	$ 80	$ 466	$ 19
Recognized a deferred tax charge for future foreign withholding taxes related to undistributed earnings	(393)	1,363
Minimum tax credit carryforward, cash benefit		$ 4,108
Alternative minimum tax carryforwards utilized refundable year		2021
One-time transition tax, cash charge		$ 736
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	69,902	110,824	102,888
Valuation allowance	$ 3,813	$ 3,953	$ 2,340
Income tax rate	21.00%	35.00%	35.00%
Rate change	$ 80	$ 466	$ 19
Recognized a deferred tax charge for future foreign withholding taxes related to undistributed earnings	(393)	1,363
Minimum tax credit carryforward, cash benefit		$ 4,108
Alternative minimum tax carryforwards utilized refundable year		2021
One-time transition tax, cash charge		$ 736
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	3,813	3,953	2,340
Puerto Rico [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	$ 3,813	$ 3,953	$ 2,340

Income Taxes - Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for doubtful accounts	$ 654	$ 709
Accrued liabilities not deducted for tax purposes	7,022	3,648
Asset retirement obligation		124
Net operating loss carry forwards	34,716	18,617
Tax credit carry forwards	320	153
Charitable contributions carry forward	47	7
Property, plant and equipment		2,300
Investment in partnerships		240
Gross deferred tax assets	42,759	25,798
Less: valuation allowance	(23,934)	(20,120)
Net deferred tax assets	18,825	5,678
Deferred tax liabilities:
Intangibles	(6,565)	(5,199)
Investment in partnerships	(31,746)
Property, plant and equipment	(366)
Undistributed earnings of foreign subsidiaries	(882)	(1,363)
Gross deferred tax liabilities	(39,559)	(6,562)
Net deferred tax liabilities	(20,734)	(884)
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Deferred tax assets:
Allowance for doubtful accounts	654	709
Accrued liabilities not deducted for tax purposes	7,022	3,648
Asset retirement obligation		124
Net operating loss carry forwards	34,716	18,617
Tax credit carry forwards	320	153
Charitable contributions carry forward	47	7
Property, plant and equipment		2,300
Investment in partnerships		240
Gross deferred tax assets	42,759	25,798
Less: valuation allowance	(23,934)	(20,120)
Net deferred tax assets	18,825	5,678
Deferred tax liabilities:
Intangibles	(6,565)	(5,199)
Investment in partnerships	(31,746)
Property, plant and equipment	(366)
Undistributed earnings of foreign subsidiaries	(882)	(1,363)
Gross deferred tax liabilities	(39,559)	(6,562)
Net deferred tax liabilities	$ (20,734)	$ (884)

Income Taxes - Reconciliation Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Beginning balance	$ 2,067	$ 772
Additions for tax positions related to current year	932	1,122
Additions for tax positions related to prior years	238	173
Lapse of statute of limitations	(30)
Ending balance	3,207	2,067
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Income Tax [Line Items]
Beginning balance	2,067	772
Additions for tax positions related to current year	932	1,122
Additions for tax positions related to prior years	238	173
Lapse of statute of limitations	(30)
Ending balance	$ 3,207	$ 2,067

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Receivables from employees	$ 80	$ 0
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Related Party Transaction [Line Items]
Amount payable to parent company	5,571	6,731
Amount contributed to affiliate	$ 89,967	$ 49,187

Stockholders' Equity - Additional Information (Detail) - USD ($)		12 Months Ended
	Jul. 16, 1999	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	May 01, 2018	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.
Stock repurchases under the repurchase program, amount		$ 4,112,000	$ 8,997,000	$ 6,204,000
Stock repurchase program expiration date		Jun. 30, 2016
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
Stock repurchases under the repurchase program, amount		$ 0
Common stock, par value		$ 0.001	$ 0.001		$ 0.001
Issuance of shares related to acquisition		163,137
Common Class A [Member] \| Equity Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, shares sold		576,002
Common stock, shares available to be sold		$ 357,885,000
Common Class A [Member] \| Maximum [Member]
Class of Stock [Line Items]
Aggregate offering price of common stock issuable					$ 400,000,000

Stock Compensation Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting terms	Vesting terms ranging from three to five years which primarily includes 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Period of graded vesting for option valuation	4 years
Period of cliff vesting for option valuation	5 years
Expected dividend yield	5.00%	5.00%	5.00%
Total unrecognized compensation cost related to nonvested awards	$ 2,837
Weighted average number of years over which compensation cost related to nonvested awards is expected to be recognized	1 year 9 months 7 days
Shares available for future stock option and restricted share grants to employees and directors under existing plans	975,215
Aggregate intrinsic value of options outstanding	$ 16,821
Aggregate intrinsic value of options exercisable	16,143
Total intrinsic value of options exercised	12,378
Accrued expenses, liability	$ 19,211	$ 4,793
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	$ 18,929
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	183,244	225,418
Additional shares reserved under 2009 ESPP	83,838
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	83,838

Stock Compensation Plans - Weighted Average Fair Value of Options Granted (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Dividend Yield	5.00%	5.00%	5.00%
Expected Volatility	46.00%	45.00%	45.00%
Risk Free Interest Rate	2.00%	2.00%	2.00%
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, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding, Beginning Balance, Shares	1,099,877
Granted, Shares	104,000
Exercised, Shares	(361,618)	(554,049)	(470,029)
Forfeited, Shares	(5,400)
Outstanding, Ending Balance, Shares	836,859	1,099,877
Exercisable, Ending Balance, Shares	650,359
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 44.00
Granted, Weighted Average Exercise Price	67.21
Exercised, Weighted-Average Exercise Price	37.15
Forfeited, Weighted Average Exercise Price	73.56
Outstanding, Ending Balance, Weighted Average Exercise Price	49.65	$ 44.00
Exercisable, Ending Balance, Weighted Average Exercise Price	$ 44.59
Outstanding, Ending balance, Weighted Average Remaining Contractual Term	5 years 4 months 2 days
Exercisable, Ending Balance, Weighted Average Remaining Contractual Term	4 years 5 months 5 days

Stock Compensation Plans - Summary of ESPP Share Activity (Detail)	12 Months Ended
	Dec. 31, 2018 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, December 31, 2018	975,215
2009 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2018	225,418
Additional shares reserved under 2009 ESPP	83,838
Purchases	(126,012)
Available for future purchases, December 31, 2018	183,244

Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
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	4,966,000	$ 4,715,000	$ 4,545,000
Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	1,585,000	$ 1,526,000	$ 1,487,000
Benefit Plans [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Letters of credit with bank	$ 8,091,000

Distribution Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 3,156,061	$ 2,975,593
Description of provisions on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	(i) the total debt ratio is less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.5 to 1.
Debt ratio	6.5
Debt ratio related to actual position on senior credit facility	6.5
Available cumulative credit	$ 1,906,541
Secured Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3.5
LAMAR MEDIA CORP [Member] \| Secured Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	3.5

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 2,904,851
Gross amount of company's long term debt	2,914,552
Debt instrument outstanding amount	$ 2,914,552	$ 2,585,409

Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 2,387	$ 3,571
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 35,146	$ 33,424	$ 32,669

New Accounting Pronouncements - Additional Information (Detail) $ in Billions	Jan. 01, 2019 USD ($)
ASU 2018-11 [Member] \| Subsequent Events [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating liabilities, expected to be recognized	$ 1.1

Quarterly Financial Data - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Interim Reporting [Line Items]
Net revenues	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 398,475	$ 399,345	$ 397,078	$ 346,362	$ 1,627,222	$ 1,541,260	$ 1,500,294
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 285,826	$ 277,799	$ 279,016	$ 222,733	$ 259,491	$ 264,368	$ 262,003	$ 214,518
Net income applicable to common stock	$ 95,601	$ 93,965	$ 100,340	$ 14,961	$ 87,072	$ 96,240	$ 92,303	$ 41,696	$ 304,867	$ 317,311	$ 298,444
Net income									$ 305,232	$ 317,676	$ 298,809
Net income per common share basic	$ 0.97	$ 0.95	$ 1.02	$ 0.15	$ 0.89	$ 0.98	$ 0.94	$ 0.43	$ 3.09	$ 3.24	$ 3.07
Net income per common share diluted	$ 0.96	$ 0.95	$ 1.02	$ 0.15	$ 0.89	$ 0.98	$ 0.94	$ 0.42	$ 3.08	$ 3.23	$ 3.05
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Interim Reporting [Line Items]
Net revenues	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 398,475	$ 399,345	$ 397,078	$ 346,362	$ 1,627,222	$ 1,541,260	$ 1,500,294
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 285,826	$ 277,799	$ 279,016	$ 222,733	$ 259,491	$ 264,368	$ 262,003	$ 214,518
Net income	$ 95,788	$ 94,165	$ 100,520	$ 15,158	$ 87,249	$ 96,437	$ 92,479	$ 41,893	$ 305,631	$ 318,058	$ 299,181

- Definition

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

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

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

+ References + Details

Divestiture of Assets - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 16, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Divestiture Of Assets [Line Items]
Loss (gain) on disposition of assets		$ 7,233	$ (4,664)	$ (15,095)
Puerto Rico [Member]
Divestiture Of Assets [Line Items]
Non-cash consideration consisting of note receivable	$ 9,250
Cash on sale of assets	$ 3,000
Loss (gain) on disposition of assets		$ 7,809

Subsequent Events - Additional Information (Detail) - USD ($)	Feb. 01, 2019	Jan. 28, 2016	Jan. 17, 2019	Dec. 31, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Gross amount of company's long term debt				$ 2,914,552,000
5 3/4% Senior Notes [Member]
Subsequent Event [Line Items]
Gross amount of company's long term debt		$ 400,000,000
Interest rate on convertible notes		5.75%		5.75%	5.75%
Net proceeds from the issuance of debt		$ 394,500,000
Subsequent Events [Member]
Subsequent Event [Line Items]
Additional revolving commitment			$ 100,000,000
Subsequent Events [Member] \| 5 3/4% Senior Notes [Member] \| Private Placement [Member]
Subsequent Event [Line Items]
Gross amount of company's long term debt	$ 250,000,000
Interest rate on convertible notes	5.75%
Net proceeds from the issuance of debt	$ 251,500,000
Subsequent Events [Member] \| Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Maximum borrowing limit of incremental loan facility			$ 550,000,000

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
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	$ 10,055	$ 9,356	$ 8,984
Charged to Costs and Expenses	8,472	6,762	6,870
Deductions	7,366	6,063	6,498
Balance at End of Period	11,161	10,055	9,356
Deducted in Balance Sheet from Trade Accounts Receivable: Allowance for Doubtful Accounts [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	10,055	9,356	8,984
Charged to Costs and Expenses	8,472	6,762	6,870
Deductions	7,366	6,063	6,498
Balance at End of Period	11,161	10,055	9,356
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	20,120	16,167	13,827
Charged to Costs and Expenses	3,814	3,953	2,340
Balance at End of Period	23,934	20,120	16,167
Deducted in Balance Sheet from Deferred Tax Assets: Valuation Allowance [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	20,120	16,167	13,827
Charged to Costs and Expenses	3,814	3,953	2,340
Balance at End of Period	$ 23,934	$ 20,120	$ 16,167

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) Display	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays \| Display	359,138
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	3,201,434	$ 3,074,046	$ 2,998,540	$ 2,856,243
Accumulated Depreciation	$ (2,082,335)	(2,025,251)	(1,973,958)	(1,910,860)
Construction Date	Various
Acquisition Date	Various
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of advertising displays \| Display	359,138
Encumbrances	$ 0
Initial Cost	0
Gross Carrying Amount	3,201,434	3,074,046	2,998,540	2,856,243
Accumulated Depreciation	$ (2,082,335)	$ (2,025,251)	$ (1,973,958)	$ (1,910,860)
Construction Date	Various
Acquisition Date	Various
Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	5 years
Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	5 years
Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	20 years
Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful Lives	20 years

Schedule III - Schedule of Real Estate and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2018 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. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of single asset exceeded 5% of the total gross carrying amount	0
Percentage of asset contribution to total gross carrying amount	5.00%

Schedule III - Summary of Company's Real Estate Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Gross real estate assets:
Balance at the beginning of the year	$ 3,074,046	$ 2,998,540	$ 2,856,243
Capital expenditures on new advertising displays	54,151	49,946	50,799
Capital expenditures on improvements/redevelopments of existing advertising displays	12,781	6,265	12,031
Capital expenditures other recurring	34,758	32,523	26,254
Land acquisitions	15,368	14,904	30,283
Acquisition of advertising displays	82,617	32,109	69,821
Assets sold or written-off	(70,494)	(61,306)	(47,317)
Foreign exchange	(1,793)	1,065	426
Balance at the end of the year	3,201,434	3,074,046	2,998,540
Accumulated depreciation:
Balance at the beginning of the year	2,025,251	1,973,958	1,910,860
Depreciation	106,700	102,494	100,197
Assets sold or written-off	(48,488)	(51,976)	(37,373)
Foreign exchange	(1,128)	775	274
Balance at the end of the year	2,082,335	2,025,251	1,973,958
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Gross real estate assets:
Balance at the beginning of the year	3,074,046	2,998,540	2,856,243
Capital expenditures on new advertising displays	54,151	49,946	50,799
Capital expenditures on improvements/redevelopments of existing advertising displays	12,781	6,265	12,031
Capital expenditures other recurring	34,758	32,523	26,254
Land acquisitions	15,368	14,904	30,283
Acquisition of advertising displays	82,617	32,109	69,821
Assets sold or written-off	(70,494)	(61,306)	(47,317)
Foreign exchange	(1,793)	1,065	426
Balance at the end of the year	3,201,434	3,074,046	2,998,540
Accumulated depreciation:
Balance at the beginning of the year	2,025,251	1,973,958	1,910,860
Depreciation	106,700	102,494	100,197
Assets sold or written-off	(48,488)	(51,976)	(37,373)
Foreign exchange	(1,128)	775	274
Balance at the end of the year	$ 2,082,335	$ 2,025,251	$ 1,973,958

Schedule III - Summary of Company's Real Estate Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
New Advertising Displays [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 446	$ 921	$ 379
New Advertising Displays [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	446	921	379
Acquisition of Advertising Displays [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	7,199	3,043	4,623
Acquisition of Advertising Displays [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Non-cash amounts	$ 7,199	$ 3,043	$ 4,623

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Total current assets	$ 363,669	$ 420,519
Net property, plant and equipment	1,295,048	1,214,138
Other assets	51,085	42,886
Total assets	4,544,641	4,214,345
Current liabilities:
Current maturities of long-term debt	204,120	17,664
Total current liabilities	455,035	325,994
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Total liabilities	3,412,857	3,110,852
Stockholders’ equity	1,131,784	1,103,493	$ 1,069,528	$ 1,021,059
Total liabilities and stockholders’ equity	4,544,641	4,214,345
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
ASSETS
Total current assets	363,169	420,019
Net property, plant and equipment	1,295,048	1,214,138
Intangibles and goodwill, net	2,824,219	2,526,182
Other assets	45,450	37,603
Total assets	4,527,886	4,197,942
Current liabilities:
Current maturities of long-term debt	204,120	17,664
Other current liabilities	245,748	304,322
Total current liabilities	449,868	321,986
Long-term debt, net of deferred financing costs	2,684,568	2,539,026
Other noncurrent liabilities	273,254	245,832
Total liabilities	3,407,690	3,106,844
Stockholders’ equity	1,120,196	1,091,098
Total liabilities and stockholders’ equity	4,527,886	4,197,942
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Lamar Media [Member]
ASSETS
Total current assets	4,653	87,167
Other assets	4,056,288	3,707,352
Total assets	4,060,941	3,794,519
Current liabilities:
Current maturities of long-term debt	29,086	17,664
Other current liabilities	27,067	120,500
Total current liabilities	56,153	138,164
Long-term debt, net of deferred financing costs	2,684,500	2,539,026
Other noncurrent liabilities	200,092	26,231
Total liabilities	2,940,745	2,703,421
Stockholders’ equity	1,120,196	1,091,098
Total liabilities and stockholders’ equity	4,060,941	3,794,519
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
ASSETS
Total current assets	121,549	293,536
Net property, plant and equipment	1,289,348	1,193,705
Intangibles and goodwill, net	2,804,915	2,495,370
Other assets	230,504	10,571
Total assets	4,446,316	3,993,182
Current liabilities:
Current maturities of long-term debt	34
Other current liabilities	204,103	164,393
Total current liabilities	204,137	164,393
Long-term debt, net of deferred financing costs	68
Other noncurrent liabilities	246,312	218,900
Total liabilities	450,517	383,293
Stockholders’ equity	3,995,799	3,609,889
Total liabilities and stockholders’ equity	4,446,316	3,993,182
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
ASSETS
Total current assets	236,967	39,316
Net property, plant and equipment	5,700	20,433
Intangibles and goodwill, net	19,304	30,812
Other assets	184,247	7
Total assets	446,218	90,568
Current liabilities:
Current maturities of long-term debt	175,000
Other current liabilities	14,578	19,429
Total current liabilities	189,578	19,429
Other noncurrent liabilities	251,835	61,587
Total liabilities	441,413	81,016
Stockholders’ equity	4,805	9,552
Total liabilities and stockholders’ equity	446,218	90,568
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Eliminations [Member]
ASSETS
Other assets	(4,425,589)	(3,680,327)
Total assets	(4,425,589)	(3,680,327)
Current liabilities:
Other noncurrent liabilities	(424,985)	(60,886)
Total liabilities	(424,985)	(60,886)
Stockholders’ equity	(4,000,604)	(3,619,441)
Total liabilities and stockholders’ equity	$ (4,425,589)	$ (3,680,327)

Condensed Consolidating Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues	$ 427,898	$ 418,498	$ 419,800	$ 361,026	$ 398,475	$ 399,345	$ 397,078	$ 346,362	$ 1,627,222	$ 1,541,260	$ 1,500,294
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 561,848	$ 540,880	$ 525,597
General and administrative expenses									289,428	276,229	269,423
Corporate expenses									82,896	62,344	76,366
Depreciation and amortization									225,261	211,104	204,958
Loss (gain) on disposition of assets and investments									7,233	(4,664)	(15,095)
Total Operating Expenses									1,166,666	1,085,893	1,061,249
Operating income									460,556	455,367	439,045
Income before income tax expense									315,929	326,906	312,165
Income tax expense									10,697	9,230	13,356
Net income									305,232	317,676	298,809
Statements of Comprehensive Income
Net income									305,232	317,676	298,809
Comprehensive income									$ 303,942	$ 319,602	$ 299,363
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 1,627,222	$ 1,541,260	$ 1,500,294
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 561,848	$ 540,880	$ 525,597
General and administrative expenses									289,428	276,229	269,423
Corporate expenses									82,497	61,962	75,994
Depreciation and amortization									225,261	211,104	204,958
Loss (gain) on disposition of assets and investments									7,233	(4,664)	(15,095)
Total Operating Expenses									1,166,267	1,085,511	1,060,877
Operating income									460,955	455,749	439,417
Interest expense (income), net									129,198	128,390	123,682
Other expenses									15,429	71	3,198
Income before income tax expense									316,328	327,288	312,537
Income tax expense									10,697	9,230	13,356
Net income									305,631	318,058	299,181
Statements of Comprehensive Income
Net income									305,631	318,058	299,181
Foreign currency translation adjustments									(1,290)	1,926	554
Comprehensive income									$ 304,341	$ 319,984	$ 299,735
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Lamar Media [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Equity in (earnings) loss of subsidiaries									$ (450,791)	$ (446,520)	$ (426,053)
Interest expense (income), net									129,731	128,391	123,674
Other expenses									15,429	71	3,198
Income before income tax expense									305,631	318,058	299,181
Net income									305,631	318,058	299,181
Statements of Comprehensive Income
Net income									305,631	318,058	299,181
Comprehensive income									$ 305,631	$ 318,058	$ 299,181
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 1,579,619	$ 1,494,275	$ 1,450,997
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 537,269	$ 512,247	$ 497,011
General and administrative expenses									280,874	266,798	259,152
Corporate expenses									80,861	60,830	74,587
Depreciation and amortization									219,341	201,424	197,117
Loss (gain) on disposition of assets and investments									(576)	(5,704)	(15,365)
Total Operating Expenses									1,117,769	1,035,595	1,012,502
Operating income									461,850	458,680	438,495
Interest expense (income), net									(99)	(5)	(6)
Income before income tax expense									461,949	458,685	438,501
Income tax expense									7,879	7,069	11,258
Net income									454,070	451,616	427,243
Statements of Comprehensive Income
Net income									454,070	451,616	427,243
Comprehensive income									$ 454,070	$ 451,616	$ 427,243
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ 50,352	$ 51,332	$ 53,190
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ 27,307	$ 31,277	$ 31,197
General and administrative expenses									8,554	9,431	10,271
Corporate expenses									1,636	1,132	1,407
Depreciation and amortization									5,920	9,680	7,841
Loss (gain) on disposition of assets and investments									7,809	1,040	270
Total Operating Expenses									51,226	52,560	50,986
Operating income									(874)	(1,228)	2,204
Interest expense (income), net									(413)	1,707	1,296
Income before income tax expense									(461)	(2,935)	908
Income tax expense									2,818	2,161	2,098
Net income									(3,279)	(5,096)	(1,190)
Statements of Comprehensive Income
Net income									(3,279)	(5,096)	(1,190)
Foreign currency translation adjustments									(1,290)	1,926	554
Comprehensive income									$ (4,569)	$ (3,170)	$ (636)
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Eliminations [Member]
Type of Revenue [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues									$ (2,749)	$ (4,347)	$ (3,893)
Operating expenses
Type of Cost Good or Service [Extensible List]									us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Direct advertising expenses									$ (2,728)	$ (2,644)	$ (2,611)
Total Operating Expenses									(2,728)	(2,644)	(2,611)
Operating income									(21)	(1,703)	(1,282)
Equity in (earnings) loss of subsidiaries									450,791	446,520	426,053
Interest expense (income), net									(21)	(1,703)	(1,282)
Income before income tax expense									(450,791)	(446,520)	(426,053)
Net income									(450,791)	(446,520)	(426,053)
Statements of Comprehensive Income
Net income									(450,791)	(446,520)	(426,053)
Comprehensive income									$ (450,791)	$ (446,520)	$ (426,053)

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 564,846	$ 507,016	$ 521,823
Cash flows from investing activities:
Acquisitions	(477,389)	(297,305)	(585,054)
Capital expenditures	(117,638)	(109,329)	(107,612)
Proceeds from disposition of assets and investments	6,648	6,053	11,662
Proceeds received from property insurance claims	4,222
Decrease (increase) in notes receivable	9	515	21
Cash flows used in investing activities	(584,148)	(400,066)	(680,983)
Cash flows from financing activities:
Proceeds received from revolving credit facility	563,000	495,000	483,000
Payment on revolving credit facility	(481,000)	(477,000)	(403,000)
Principal payments on long-term debt	(27,328)	(16,993)	(21,118)
Proceeds received from senior credit facility term loans	599,250	450,000	300,000
Proceeds received from note offering			400,000
Debt issuance costs	(7,616)	(4,941)	(9,467)
Redemption of senior subordinated notes	(509,790)
Distributions to non-controlling interest	(541)	(693)	(420)
Cash flows (used in) provided by financing activities	(73,563)	(28,641)	171,908
Payment on senior credit facility term loans		(247,500)	(300,000)
Effect of exchange rate changes in cash and cash equivalents	(1,112)	1,632	455
Net (decrease) increase in cash and cash equivalents	(93,977)	79,941	13,203
Cash and cash equivalents at beginning of period	115,471	35,530	22,327
Cash and cash equivalents at end of period	21,494	115,471	35,530
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	537,085	484,240	495,266
Cash flows from investing activities:
Acquisitions	(477,389)	(297,305)	(585,054)
Capital expenditures	(117,638)	(109,329)	(107,612)
Proceeds from disposition of assets and investments	6,648	6,053	11,662
Proceeds received from property insurance claims	4,222
Decrease (increase) in notes receivable	9	515	21
Cash flows used in investing activities	(584,148)	(400,066)	(680,983)
Cash flows from financing activities:
Proceeds received from revolving credit facility	563,000	495,000	483,000
Payment on revolving credit facility	(481,000)	(477,000)	(403,000)
Principal payments on long-term debt	(27,328)	(16,993)	(21,118)
Proceeds received from senior credit facility term loans	599,250	450,000	300,000
Proceeds received from receivable financing agreement	175,000
Proceeds received from note offering			400,000
Debt issuance costs	(7,616)	(4,941)	(9,467)
Redemption of senior subordinated notes	(509,790)
Distributions to non-controlling interest	(541)	(693)	(420)
Contributions from (to) parent	89,967	49,187	49,274
Dividends (to) from parent	(446,744)	(252,925)	(299,804)
Cash flows (used in) provided by financing activities	(45,802)	(5,865)	198,465
Payment on senior credit facility term loans		(247,500)	(300,000)
Effect of exchange rate changes in cash and cash equivalents	(1,112)	1,632	455
Net (decrease) increase in cash and cash equivalents	(93,977)	79,941	13,203
Cash and cash equivalents at beginning of period	114,971	35,030	21,827
Cash and cash equivalents at end of period	20,994	114,971	35,030
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Lamar Media [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	430,896	383,370	394,215
Cash flows from investing activities:
Acquisitions		3,750
Investment in subsidiaries	(498,226)	(301,055)	(585,054)
Decrease in intercompany notes receivable	30,034	(7,624)	(260)
Decrease (increase) in notes receivable	9	515	21
Cash flows used in investing activities	(468,183)	(304,414)	(585,293)
Cash flows from financing activities:
Proceeds received from revolving credit facility	563,000	495,000	483,000
Payment on revolving credit facility	(481,000)	(477,000)	(403,000)
Principal payments on long-term debt	(27,297)	(16,993)	(21,118)
Proceeds received from senior credit facility term loans	599,250	450,000	300,000
Proceeds received from note offering			400,000
Debt issuance costs	(7,616)	(4,941)	(9,467)
Redemption of senior subordinated notes	(509,790)
Intercompany loan proceeds (payments)	175,000
Contributions from (to) parent	89,967	49,187	49,274
Dividends (to) from parent	(446,744)	(252,925)	(299,804)
Cash flows (used in) provided by financing activities	(45,230)	(5,172)	198,885
Payment on senior credit facility term loans		(247,500)	(300,000)
Net (decrease) increase in cash and cash equivalents	(82,517)	73,784	7,807
Cash and cash equivalents at beginning of period	86,546	12,762	4,955
Cash and cash equivalents at end of period	4,029	86,546	12,762
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	689,718	602,504	597,948
Cash flows from investing activities:
Acquisitions	(477,389)	(298,901)	(585,054)
Capital expenditures	(113,259)	(104,325)	(104,440)
Proceeds from disposition of assets and investments	3,839	6,053	11,662
Cash flows used in investing activities	(586,809)	(397,173)	(677,832)
Cash flows from financing activities:
Principal payments on long-term debt	(31)
Intercompany loan proceeds (payments)	(24,688)
Contributions from (to) parent	498,226	298,901	585,054
Dividends (to) from parent	(566,386)	(503,808)	(504,423)
Cash flows (used in) provided by financing activities	(92,879)	(204,907)	80,631
Net (decrease) increase in cash and cash equivalents	10,030	424	747
Cash and cash equivalents at beginning of period	1,625	1,201	454
Cash and cash equivalents at end of period	11,655	1,625	1,201
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(17,143)	2,174	7,526
Cash flows from investing activities:
Acquisitions		(2,154)
Capital expenditures	(4,379)	(5,004)	(3,172)
Proceeds from disposition of assets and investments	2,809
Proceeds received from property insurance claims	4,222
Cash flows used in investing activities	2,652	(7,158)	(3,172)
Cash flows from financing activities:
Proceeds received from receivable financing agreement	175,000
Intercompany loan proceeds (payments)	(180,346)	7,624	260
Distributions to non-controlling interest	(541)	(693)	(420)
Contributions from (to) parent		2,154
Cash flows (used in) provided by financing activities	(5,887)	9,085	(160)
Effect of exchange rate changes in cash and cash equivalents	(1,112)	1,632	455
Net (decrease) increase in cash and cash equivalents	(21,490)	5,733	4,649
Cash and cash equivalents at beginning of period	26,800	21,067	16,418
Cash and cash equivalents at end of period	5,310	26,800	21,067
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] \| Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(566,386)	(503,808)	(504,423)
Cash flows from investing activities:
Investment in subsidiaries	498,226	301,055	585,054
Decrease in intercompany notes receivable	(30,034)	7,624	260
Cash flows used in investing activities	468,192	308,679	585,314
Cash flows from financing activities:
Intercompany loan proceeds (payments)	30,034	(7,624)	(260)
Contributions from (to) parent	(498,226)	(301,055)	(585,054)
Dividends (to) from parent	566,386	503,808	504,423
Cash flows (used in) provided by financing activities	$ 98,194	$ 195,129	$ (80,891)