Goodwill and Other Intangible Assets (Subsidiary)

12 Months Ended

Dec. 31, 2024

Goodwill [Line Items]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2024 and 2023:

	Estimated Life (Years)	2024				2023
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10	$	732,098	$	665,095	$	731,156	$	640,635
Non-competition agreements	3 — 15	71,960		66,894		71,960		66,455
Site locations	15	2,982,504		2,002,272		2,955,324		1,891,078
Other	2 — 15	52,761		42,461		52,578		41,416
		$	3,839,323	$	2,776,722	$	3,811,018	$	2,639,584
Unamortizable Intangible Assets:
Goodwill		$	2,288,618	$	253,536	$	2,288,807	$	253,536

The changes in the gross carrying amount of goodwill for the years ended December 31, 2024 and 2023 are as follows:

Balance as of December 31, 2022	$	2,288,805
Purchase price adjustments and other	2
Balance as of December 31, 2023	$	2,288,807
Purchase price adjustments and other	(189)
Balance as of December 31, 2024	$	2,288,618

Amortization expense for the years ended December 31, 2024, 2023 and 2022 was $141,892, $140,033 and $134,256, respectively. The following is a summary of the estimated amortization expense for future years:

2025	$	135,374
2026	127,362
2027	123,359
2028	116,832
2029	108,303
Thereafter	451,371
Total	$	1,062,601

LAMAR MEDIA CORP. AND SUBSIDIARIES

Goodwill [Line Items]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2024 and 2023:

	Estimated Life (Years)	2024				2023
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10	$	732,098	$	665,095	$	731,156	$	640,635
Non-competition agreement	3—15	71,960		66,894		71,960		66,455
Site locations	15	2,982,504		2,002,272		2,955,324		1,891,078
Other	2—15	52,215		42,383		52,033		41,338
		$	3,838,777	$	2,776,644	$	3,810,473	$	2,639,506
Unamortizable Intangible Assets:
Goodwill		$	2,277,597	$	252,666	$	2,277,786	$	252,667

The changes in the gross carrying amount of goodwill for the years ended December 31, 2024 and 2023 are as follows:

Balance as of December 31, 2022	$	2,277,784
Purchase price adjustments and other	2
Balance as of December 31, 2023	2,277,786
Purchase price adjustments and other	(189)
Balance as of December 31, 2024	$	2,277,597