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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net revenues $ 397,078 $ 387,528 $ 743,440 $ 726,061
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 135,075 132,725 266,919 261,450
General and administrative expenses (exclusive of depreciation and amortization) 65,921 66,457 137,952 133,247
Corporate expenses (exclusive of depreciation and amortization) 16,730 20,047 33,363 36,073
Depreciation and amortization 51,782 51,933 103,207 103,422
(Gain) loss on disposition of assets (607) (705) (1,643) (12,032)
Total Operating Expenses 268,901 270,457 539,798 522,160
Operating income 128,177 117,071 203,642 203,901
Other expense (income)        
Loss on extinguishment of debt 71 56 71 3,198
Interest income   (3) (4) (4)
Interest expense 31,979 31,299 63,462 61,367
Non-operating (Income) Expenses 32,050 31,352 63,529 64,561
Income before income tax expense 96,127 85,719 140,113 139,340
Income tax expense 3,733 3,810 5,932 6,117
Net income 92,394 81,909 134,181 133,223
Cash dividends declared and paid on preferred stock 91 91 182 182
Net income applicable to common stock $ 92,303 $ 81,818 $ 133,999 $ 133,041
Earnings per share:        
Basic earnings per share $ 0.94 $ 0.84 $ 1.37 $ 1.37
Diluted earnings per share 0.94 0.84 1.36 1.36
Cash dividends declared per share of common stock $ 0.83 $ 0.75 $ 1.66 $ 1.50
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding basic 97,941,766 97,121,619 97,759,636 96,956,535
Weighted average common shares outstanding diluted 98,442,860 97,731,467 98,276,283 97,523,379
Statements of Comprehensive Income        
Net income $ 92,394 $ 81,909 $ 134,181 $ 133,223
Other comprehensive income        
Foreign currency translation adjustments 745 11 888 1,479
Comprehensive income 93,139 81,920 135,069 134,702
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]        
Net revenues 397,078 387,528 743,440 726,061
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 135,075 132,725 266,919 261,450
General and administrative expenses (exclusive of depreciation and amortization) 65,921 66,457 137,952 133,247
Corporate expenses (exclusive of depreciation and amortization) 16,645 19,958 33,172 35,891
Depreciation and amortization 51,782 51,933 103,207 103,422
(Gain) loss on disposition of assets (607) (705) (1,643) (12,032)
Total Operating Expenses 268,816 270,368 539,607 521,978
Operating income 128,262 117,160 203,833 204,083
Other expense (income)        
Loss on extinguishment of debt 71 56 71 3,198
Interest income   (3) (4) (4)
Interest expense 31,979 31,299 63,462 61,367
Non-operating (Income) Expenses 32,050 31,352 63,529 64,561
Income before income tax expense 96,212 85,808 140,304 139,522
Income tax expense 3,733 3,810 5,932 6,117
Net income 92,479 81,998 134,372 133,405
Statements of Comprehensive Income        
Net income 92,479 81,998 134,372 133,405
Other comprehensive income        
Foreign currency translation adjustments 745 11 888 1,479
Comprehensive income $ 93,224 $ 82,009 $ 135,260 $ 134,884