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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenues $ 387,528 $ 344,249 $ 726,061 $ 646,726
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 132,725 115,951 261,450 229,183
General and administrative expenses (exclusive of depreciation and amortization) 66,457 60,729 133,247 119,935
Corporate expenses (exclusive of depreciation and amortization) 20,047 19,689 36,073 35,080
Depreciation and amortization 51,933 48,725 103,422 97,955
Gain on disposition of assets (705) (191) (12,032) (2,027)
Total Operating Expenses 270,457 244,903 522,160 480,126
Operating income 117,071 99,346 203,901 166,600
Other expense (income)        
Loss on extinguishment of debt 56   3,198  
Interest income (3) (24) (4) (26)
Interest expense 31,299 24,712 61,367 49,244
Non-operating (Income) Expenses 31,352 24,688 64,561 49,218
Income before income tax expense 85,719 74,658 139,340 117,382
Income tax expense 3,810 15,298 6,117 17,306
Net income 81,909 59,360 133,223 100,076
Cash dividends declared and paid on preferred stock 91 91 182 182
Net income applicable to common stock $ 81,818 $ 59,269 $ 133,041 $ 99,894
Earnings per share:        
Basic earnings per share $ 0.84 $ 0.61 $ 1.37 $ 1.04
Diluted earnings per share 0.84 0.61 1.36 1.04
Cash dividends declared per share of common stock $ 0.75 $ 0.69 $ 1.50 $ 1.37
Weighted average common shares outstanding basic 97,121,619 96,405,105 96,956,535 96,056,912
Weighted average common shares outstanding diluted 97,731,467 96,482,919 97,523,379 96,115,587
Statements of Comprehensive Income        
Net income $ 81,909 $ 59,360 $ 133,223 $ 100,076
Other comprehensive income (loss)        
Foreign currency translation adjustments 11 407 1,479 (1,203)
Comprehensive income 81,920 59,767 134,702 98,873
LAMAR MEDIA CORP [Member]        
Net revenues 387,528 344,249 726,061 646,726
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 132,725 115,951 261,450 229,183
General and administrative expenses (exclusive of depreciation and amortization) 66,457 60,729 133,247 119,935
Corporate expenses (exclusive of depreciation and amortization) 19,958 19,600 35,891 34,903
Depreciation and amortization 51,933 48,725 103,422 97,955
Gain on disposition of assets (705) (191) (12,032) (2,027)
Total Operating Expenses 270,368 244,814 521,978 479,949
Operating income 117,160 99,435 204,083 166,777
Other expense (income)        
Loss on extinguishment of debt 56   3,198  
Interest income (3) (24) (4) (26)
Interest expense 31,299 24,712 61,367 49,244
Non-operating (Income) Expenses 31,352 24,688 64,561 49,218
Income before income tax expense 85,808 74,747 139,522 117,559
Income tax expense 3,810 15,298 6,117 17,306
Net income 81,998 59,449 133,405 100,253
Statements of Comprehensive Income        
Net income 81,998 59,449 133,405 100,253
Other comprehensive income (loss)        
Foreign currency translation adjustments 11 407 1,479 (1,203)
Comprehensive income $ 82,009 $ 59,856 $ 134,884 $ 99,050