XML 28 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net revenues $ 406,569 $ 384,457
Type of Revenue [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) $ 149,494 $ 140,470
Type of Cost Good or Service [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization) $ 82,204 $ 79,293
Corporate expenses (exclusive of depreciation and amortization) 18,491 17,029
Depreciation and amortization 62,313 61,506
Gain on disposition of assets (2,504) (4,624)
Total Operating Expenses 309,998 293,674
Operating income 96,571 90,783
Other expense (income)    
Loss on extinguishment of debt 18,179  
Interest income (190) (153)
Interest expense 36,553 37,595
Non-operating (Income) Expenses 54,542 37,442
Income before income tax expense 42,029 53,341
Income tax expense 1,536 2,088
Net income 40,493 51,253
Cash dividends declared and paid on preferred stock 91 91
Net income applicable to common stock $ 40,402 $ 51,162
Earnings per share:    
Basic earnings per share $ 0.40 $ 0.51
Diluted earnings per share 0.40 0.51
Cash dividends declared per share of common stock $ 1.00 $ 0.96
Weighted average common shares used in computing earnings per share:    
Weighted average common shares outstanding basic 100,589,338 99,710,406
Weighted average common shares outstanding diluted 100,875,388 99,915,443
Statements of Comprehensive Income    
Net income $ 40,493 $ 51,253
Other comprehensive (loss) income    
Foreign currency translation adjustments (1,598) 259
Comprehensive income 38,895 51,512
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]    
Net revenues $ 406,569 $ 384,457
Type of Revenue [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) $ 149,494 $ 140,470
Type of Cost Good or Service [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization) $ 82,204 $ 79,293
Corporate expenses (exclusive of depreciation and amortization) 18,367 16,920
Depreciation and amortization 62,313 61,506
Gain on disposition of assets (2,504) (4,624)
Total Operating Expenses 309,874 293,565
Operating income 96,695 90,892
Other expense (income)    
Loss on extinguishment of debt 18,179  
Interest income (190) (153)
Interest expense 36,553 37,595
Non-operating (Income) Expenses 54,542 37,442
Income before income tax expense 42,153 53,450
Income tax expense 1,536 2,088
Net income 40,617 51,362
Statements of Comprehensive Income    
Net income 40,617 51,362
Other comprehensive (loss) income    
Foreign currency translation adjustments (1,598) 259
Comprehensive income $ 39,019 $ 51,621