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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net revenues $ 293,345 $ 286,366 $ 548,547 $ 530,469
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 103,058 99,825 202,609 198,377
General and administrative expenses (exclusive of depreciation and amortization) 48,572 48,275 99,639 95,346
Corporate expenses (exclusive of depreciation and amortization) 10,797 12,276 22,348 22,748
Depreciation and amortization 72,410 78,165 146,283 156,507
Gain on disposition of assets (911) (1,446) (7,358) (2,619)
Total Operating Expenses 233,926 237,095 463,521 470,359
Operating income 59,419 49,271 85,026 60,110
Other expense (income)        
Loss on extinguishment of debt   17,137   17,398
Interest income (51) (87) (83) (176)
Interest expense 43,307 46,640 86,927 95,970
Non-operating Expenses (Income) 43,256 63,690 86,844 113,192
Income (loss) before income tax expense 16,163 (14,419) (1,818) (53,082)
Income tax expense (benefit) 4,737 (5,482) (4) (19,318)
Net income (loss) 11,426 (8,937) (1,814) (33,764)
Preferred stock dividends 91 91 182 182
Net income (loss) applicable to common stock 11,335 (9,028) (1,996) (33,946)
Earnings (loss) per share:        
Basic earnings (loss) per share $ 0.12 $ (0.10) $ (0.02) $ (0.37)
Diluted earnings (loss) per share $ 0.12 $ (0.10) $ (0.02) $ (0.37)
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding 92,840,263 92,202,404 92,760,807 92,115,868
Incremental common shares from dilutive stock options 356,542      
Incremental common shares from convertible debt        
Weighted average common shares diluted 93,196,805 92,202,404 92,760,807 92,115,868
LAMAR MEDIA CORP
       
Net revenues 293,345 286,366 548,547 530,469
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 103,058 99,825 202,609 198,377
General and administrative expenses (exclusive of depreciation and amortization) 48,572 48,275 99,639 95,346
Corporate expenses (exclusive of depreciation and amortization) 10,671 12,276 22,150 22,748
Depreciation and amortization 72,410 78,165 146,283 156,507
Gain on disposition of assets (911) (1,446) (7,358) (2,619)
Total Operating Expenses 233,800 237,095 463,323 470,359
Operating income 59,545 49,271 85,224 60,110
Other expense (income)        
Loss on extinguishment of debt   17,137   17,402
Interest income (51) (85) (83) (172)
Interest expense 43,307 46,583 86,927 95,877
Non-operating Expenses (Income) 43,256 63,635 86,844 113,107
Income (loss) before income tax expense 16,289 (14,364) (1,620) (52,997)
Income tax expense (benefit) 4,853 (5,554) 108 (19,289)
Net income (loss) $ 11,436 $ (8,810) $ (1,728) $ (33,708)