XML 62 R52.htm IDEA: XBRL DOCUMENT v3.21.2
Long-term Debt - Additional Information (Detail) - USD ($)
3 Months Ended 9 Months Ended
May 24, 2021
Feb. 03, 2021
Jan. 22, 2021
Oct. 23, 2020
Aug. 19, 2020
Jun. 30, 2020
May 13, 2020
Feb. 06, 2020
Feb. 01, 2019
Jan. 28, 2016
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Mar. 16, 2020
Dec. 18, 2018
Debt Instrument [Line Items]                                  
Proceeds received from term B loans                         $ 0 $ 598,500,000      
Loss on extinguishment of debt                     $ 0 $ 7,051,000 21,604,000 25,235,000      
Aggregate principal amount of debt issued                     2,875,468,000   2,875,468,000        
Debt instrument outstanding amount                     $ 2,875,468,000   $ 2,875,468,000   $ 2,926,633,000    
4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage         4.00%     4.00%     4.00%   4.00%   4.00%    
Debt instrument outstanding amount                     $ 549,339,000   $ 549,339,000   $ 549,280,000    
Redemption period               120 days                  
Redemption price percentage of the principal amount to be purchased               101.00%                  
Accounts Receivable Securitization Program                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount of debt issued                                 $ 175,000,000
Increase in delinquency ratio           11.00%                      
Delinquency ratio           8.00%                      
Increase in dilution ratio           7.00%                      
Dilution ratio           4.00%                      
Increase in days sales outstanding           75 days                      
Number of days sales outstanding           65 days                      
Percentage of commitment to maintain minimum borrowings 50.00%     70.00%   50.00%                      
Delinquency ratio       13.00%                          
Dilution ratio       5.00%                          
Debt instrument outstanding amount                     $ 175,000,000   175,000,000   $ 122,500,000    
5 3/4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage                   5.75%         5.75%    
Loss on extinguishment of debt                         21,604,000        
Aggregate principal amount of debt issued                   $ 400,000,000              
Debt instrument outstanding amount                             $ 653,631,000    
Net proceeds form the issuance of debt                   $ 394,500,000              
Principal amount redeemed   $ 650,000,000                              
Percentage of principal amount redeemed   102.875%                              
Loss on debt extinguishment on cash                         $ 18,700,000        
3 3/4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage               3.75%     3.75%   3.75%   3.75%    
Debt instrument outstanding amount                     $ 600,000,000   $ 600,000,000   $ 600,000,000    
Redemption percentage of aggregate principal amount of senior notes               40.00%                  
Redeemed percentage of aggregate principal amount               103.75%                  
Redemption percentage of issued notes which remain outstanding               60.00%                  
4 7/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage                     4.875%   4.875%   4.875%    
Debt instrument outstanding amount                     $ 400,000,000   $ 400,000,000   $ 400,000,000    
Redemption percentage of aggregate principal amount of senior notes             40.00%                    
Redeemed percentage of aggregate principal amount             104.875%                    
Redemption percentage of issued notes which remain outstanding             60.00%                    
3 5/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage                     3.625%   3.625%        
Debt instrument outstanding amount                     $ 550,000,000   $ 550,000,000        
Redemption percentage of aggregate principal amount of senior notes     40.00%                            
Redeemed percentage of aggregate principal amount     103.625%                            
Redemption percentage of issued notes which remain outstanding     60.00%                            
Redemption period     120 days                            
Redemption price percentage of the principal amount to be purchased     101.00%                            
Redemption Period One | 4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Redemption percentage of aggregate principal amount of senior notes               40.00%                  
Redeemed percentage of aggregate principal amount               104.00%                  
Redemption percentage of issued notes which remain outstanding               60.00%                  
Redemption Period One | 3 3/4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Redeemed percentage of aggregate principal amount               100.00%                  
Redemption price percentage of the principal amount to be purchased               101.00%                  
Redemption Period One | 4 7/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Redeemed percentage of aggregate principal amount             100.00%                    
Redemption price percentage of the principal amount to be purchased             101.00%                    
Redemption Period One | 3 5/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Redeemed percentage of aggregate principal amount     100.00%                            
Redemption Period Two | 4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Redeemed percentage of aggregate principal amount               100.00%                  
Private Placement | 4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage         4.00%     4.00%                  
Aggregate principal amount of debt issued         $ 150,000,000     $ 400,000,000                  
Net proceeds form the issuance of debt         $ 146,900,000     $ 395,000,000                  
Private Placement | 5 3/4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage                 5.75%                
Aggregate principal amount of debt issued                 $ 250,000,000                
Net proceeds form the issuance of debt                 $ 251,500,000                
Private Placement | 3 3/4% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage               3.75%                  
Aggregate principal amount of debt issued               $ 600,000,000                  
Net proceeds form the issuance of debt               $ 592,500,000                  
Redemption period               120 days                  
Private Placement | 4 7/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage             4.875%                    
Aggregate principal amount of debt issued             $ 400,000,000                    
Net proceeds form the issuance of debt             $ 395,000,000                    
Redemption period             120 days                    
Private Placement | 3 5/8% Senior Notes                                  
Debt Instrument [Line Items]                                  
Proceeds received from term B loans     $ 542,500,000                            
Debt Instrument, Interest Rate, Stated Percentage     3.625%                            
Aggregate principal amount of debt issued     $ 550,000,000                            
Letter of Credit                                  
Debt Instrument [Line Items]                                  
Letter of credit outstanding balance                     14,345,000   14,345,000        
For Up To Two Additional Periods | Accounts Receivable Securitization Program                                  
Debt Instrument [Line Items]                                  
Delinquency ratio       16.00%                          
Debt Instrument Repurchase Program | Senior or Senior Subordinated Notes and other Indebtedness                                  
Debt Instrument [Line Items]                                  
Debt repurchase program, authorized amount                               $ 250,000,000  
Debt instrument repurchased under the program                     0   0        
LAMAR MEDIA CORP. AND SUBSIDIARIES                                  
Debt Instrument [Line Items]                                  
Proceeds received from term B loans                         0 598,500,000      
Loss on extinguishment of debt                     0 $ 7,051,000 21,604,000 25,235,000      
LAMAR MEDIA CORP. AND SUBSIDIARIES | Accounts Receivable Securitization Program                                  
Debt Instrument [Line Items]                                  
Available borrowing on accounts receivable securitization                     0   0        
Senior Credit Facility                                  
Debt Instrument [Line Items]                                  
Loss on extinguishment of debt                           $ 5,608,000      
Senior Credit Facility                                  
Debt Instrument [Line Items]                                  
Maximum borrowing limit of incremental loan facility               $ 750,000,000                  
Term B Loan Facility                                  
Debt Instrument [Line Items]                                  
Maximum borrowing limit of incremental loan facility               600,000,000                  
Proceeds received from term B loans               $ 600,000,000                  
Term B Loan Facility | LIBO Rate                                  
Debt Instrument [Line Items]                                  
Adjusted base rate               1.50%                  
Term B Loan Facility | Base Rate                                  
Debt Instrument [Line Items]                                  
Adjusted base rate               0.50%                  
Revolving Credit Facility                                  
Debt Instrument [Line Items]                                  
Outstanding revolving credit facility                     0   0        
Remaining borrowing capacity under revolving credit facility                     $ 735,655,000   $ 735,655,000        
Revolving Credit Facility | Secured Debt                                  
Debt Instrument [Line Items]                                  
Secured debt ratio               4.50                  
Revolving Credit Facility | LIBO Rate                                  
Debt Instrument [Line Items]                                  
Secured debt ratio               3.25                  
Adjusted base rate               1.50%                  
Ratio of indebtedness to net capital minimum               1                  
Revolving Credit Facility | LIBO Rate | Debt Ratio Less Than Three Point Two Five                                  
Debt Instrument [Line Items]                                  
Adjusted base rate               1.25%                  
Revolving Credit Facility | Base Rate                                  
Debt Instrument [Line Items]                                  
Secured debt ratio               3.25                  
Adjusted base rate               0.50%                  
Ratio of indebtedness to net capital minimum               1                  
Revolving Credit Facility | Base Rate | Debt Ratio Less Than Three Point Two Five                                  
Debt Instrument [Line Items]                                  
Adjusted base rate               0.25%