lamr-10k_20201231.htm

Document Fiscal Year Focus

Document Type

10-K

Amendment Flag

false

Document Period End Date

Dec. 31, 2020

2020

Document Fiscal Period Focus

Trading Symbol

LAMR

Entity Registrant Name

LAMAR ADVERTISING CO/NEW

Entity Central Index Key

0001090425

Current Fiscal Year End Date

--12-31

Entity Well-known Seasoned Issuer

Yes

Entity Current Reporting Status

Yes

Entity Voluntary Filers

Entity Filer Category

Large Accelerated Filer

Entity Public Float

$ 5,693,120,893

Entity Small Business

false

Entity Emerging Growth Company

false

Entity Shell Company

false

Entity File Number

1-36756

Entity Incorporation, State or Country Code

Entity Tax Identification Number

47-0961620

Entity Address, Address Line One

5321 Corporate Blvd.,

Entity Address, City or Town

Baton Rouge

Entity Address, State or Province

Entity Address, Postal Zip Code

70808

City Area Code

225

Local Phone Number

926-1000

Document Annual Report

true

Document Transition Report

false

Entity Interactive Data Current

Yes

Title of 12(b) Security

Class A common stock, $0.001 par value

Security Exchange Name

NASDAQ

ICFR Auditor Attestation Flag

true

Documents Incorporated by Reference

Document		Parts into Which Incorporated
Proxy Statement for the Annual Meeting of Stockholders scheduled to be held on May 20, 2021 (Proxy Statement)		Part III

Common Class A [Member]

Entity Common Stock, Shares Outstanding

86,491,646

Common Class B [Member]

Entity Common Stock, Shares Outstanding

14,420,085

Document Fiscal Year Focus

Document Type

10-K

Amendment Flag

false

Document Period End Date

Dec. 31, 2020

2020

Document Fiscal Period Focus

Entity Registrant Name

LAMAR MEDIA CORP/DE

Entity Central Index Key

0000899045

Current Fiscal Year End Date

--12-31

Entity Well-known Seasoned Issuer

Entity Current Reporting Status

Yes

Entity Voluntary Filers

Yes

Entity Filer Category

Non-accelerated Filer

Entity Public Float

$ 0

Entity Small Business

false

Entity Emerging Growth Company

false

Entity Shell Company

false

Entity File Number

1-12407

Entity Incorporation, State or Country Code

Entity Tax Identification Number

72-1205791

Entity Address, Address Line One

5321 Corporate Blvd.,

Entity Address, City or Town

Baton Rouge

Entity Address, State or Province

Entity Address, Postal Zip Code

70808

City Area Code

225

Local Phone Number

926-1000

ICFR Auditor Attestation Flag

true

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Class Units [Member]

Entity Common Stock, Shares Outstanding

100

XML 15 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 121,569	$ 26,188
Receivables, net of allowance for doubtful accounts	240,854	254,930
Other current assets	18,147	29,051
Total current assets	380,570	310,169
Property, plant and equipment	3,615,505	3,660,311
Less accumulated depreciation and amortization	(2,333,656)	(2,311,196)
Net property, plant and equipment	1,281,849	1,349,115
Operating lease right of use assets	1,222,013	1,320,779
Financing lease right of use assets	19,670
Goodwill	1,912,328	1,912,274
Intangible assets, net	914,446	992,244
Other assets	60,565	56,574
Total assets	5,791,441	5,941,155
Current liabilities:
Trade accounts payable	12,017	14,974
Current maturities of long-term debt, net of deferred financing costs	122,434	226,514
Current operating lease liabilities	195,439	196,841
Current financing lease liabilities	1,331
Accrued expenses	105,288	107,225
Deferred income	111,363	127,254
Total current liabilities	547,872	672,808
Long-term debt, net of deferred financing costs	2,764,082	2,753,604
Operating lease liabilities	993,776	1,068,181
Financing lease liabilities	18,608
Deferred income tax liabilities	4,854	5,713
Asset retirement obligation	222,876	226,137
Other liabilities	36,605	34,406
Total liabilities	4,588,673	4,760,849
Stockholders’ equity:
Additional paid-in-capital	1,963,850	1,922,222
Accumulated comprehensive income	934	685
Accumulated deficit	(717,331)	(708,408)
Cost of shares held in treasury, 619,681 and 503,198 shares in 2020 and 2019, respectively	(44,786)	(34,294)
Stockholders’ equity	1,202,768	1,180,306
Total liabilities and stockholders’ equity	5,791,441	5,941,155
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Current assets:
Cash and cash equivalents	121,069	25,688
Receivables, net of allowance for doubtful accounts	240,854	254,930
Other current assets	18,147	29,051
Total current assets	380,070	309,669
Property, plant and equipment	3,615,505	3,660,311
Less accumulated depreciation and amortization	(2,333,656)	(2,311,196)
Net property, plant and equipment	1,281,849	1,349,115
Operating lease right of use assets	1,222,013	1,320,779
Financing lease right of use assets	19,670
Goodwill	1,902,177	1,902,123
Intangible assets, net	913,978	991,776
Other assets	54,950	50,959
Total assets	5,774,707	5,924,421
Current liabilities:
Trade accounts payable	12,017	14,974
Current maturities of long-term debt, net of deferred financing costs	122,434	226,514
Current operating lease liabilities	195,439	196,841
Current financing lease liabilities	1,331
Accrued expenses	98,478	101,266
Deferred income	111,363	127,254
Total current liabilities	541,062	666,849
Long-term debt, net of deferred financing costs	2,764,082	2,753,604
Operating lease liabilities	993,776	1,068,181
Financing lease liabilities	18,608
Deferred income tax liabilities	4,854	5,713
Asset retirement obligation	222,876	226,137
Other liabilities	36,605	34,406
Total liabilities	4,581,863	4,754,890
Stockholders’ equity:
Additional paid-in-capital	3,034,357	2,992,729
Accumulated comprehensive income	934	685
Accumulated deficit	(1,842,447)	(1,823,883)
Stockholders’ equity	1,192,844	1,169,531
Total liabilities and stockholders’ equity	5,774,707	5,924,421
Series AA Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Common Class A [Member]
Stockholders’ equity:
Common stock, value	87	87
Common Class B [Member]
Stockholders’ equity:
Common stock, value	$ 14	$ 14

XML 16 R3.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 14,946	$ 13,185
Current deferred financing costs	445	6,081
Noncurrent deferred financing costs	$ 39,672	$ 18,333
Shares held in treasury	619,681	503,198
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Allowance for doubtful accounts	$ 14,946	$ 13,185
Current deferred financing costs	445	6,081
Noncurrent deferred financing costs	$ 39,672	$ 18,333
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100
Series AA Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative dividends	$ 63.80	$ 63.80
Preferred stock, shares authorized	5,720	5,720
Preferred stock, shares issued	5,720	5,720
Preferred stock, shares outstanding	5,720	5,720
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	362,500,000	362,500,000
Common stock, shares issued	87,111,327	86,596,498
Common stock, shares outstanding	86,491,646	86,093,300
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	37,500,000	37,500,000
Common stock, shares issued	14,420,085	14,420,085
Common stock, shares outstanding	14,420,085	14,420,085

XML 17 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net revenues	$ 1,568,856	$ 1,753,644	$ 1,627,222
Type of Revenue [Extensible List]		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	557,661	$ 590,078	$ 561,848
Type of Cost Good or Service [Extensible List]		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	287,874	$ 318,380	$ 289,428
Corporate expenses (exclusive of depreciation and amortization)	70,944	84,658	82,896
Depreciation and amortization	251,296	250,028	225,261
(Gain) loss on disposition of assets	(9,026)	(7,241)	7,233
Total Operating Expenses	1,158,749	1,235,903	1,166,666
Operating income	410,107	517,741	460,556
Other expense (income)
Loss on extinguishment of debt	25,235		15,429
Interest income	(797)	(764)	(534)
Interest expense	137,623	150,616	129,732
Non-operating (Income) Expenses	162,061	149,852	144,627
Income before income tax expense (benefit)	248,046	367,889	315,929
Income tax expense (benefit) (note 12)	4,660	(4,222)	10,697
Net income	243,386	372,111	305,232
Preferred stock dividends	365	365	365
Net income applicable to common stock	$ 243,021	$ 371,746	$ 304,867
Earnings per share:
Basic earnings per share	$ 2.41	$ 3.71	$ 3.09
Diluted earnings per share	2.41	3.71	3.08
Cash dividends declared per share of common stock	$ 2.50	$ 3.84	$ 3.65
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic	100,756,361	100,130,721	98,817,525
Weighted average common shares outstanding diluted	100,902,700	100,320,574	99,086,160
Statements of Comprehensive Income
Net income	$ 243,386	$ 372,111	$ 305,232
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	249	673	(1,290)
Comprehensive income	243,635	372,784	303,942
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues	1,568,856	$ 1,753,644	$ 1,627,222
Type of Revenue [Extensible List]		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)	557,661	$ 590,078	$ 561,848
Type of Cost Good or Service [Extensible List]		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization)	287,874	$ 318,380	$ 289,428
Corporate expenses (exclusive of depreciation and amortization)	70,457	84,229	82,497
Depreciation and amortization	251,296	250,028	225,261
(Gain) loss on disposition of assets	(9,026)	(7,241)	7,233
Total Operating Expenses	1,158,262	1,235,474	1,166,267
Operating income	410,594	518,170	460,955
Other expense (income)
Loss on extinguishment of debt	25,235		15,429
Interest income	(797)	(764)	(534)
Interest expense	137,623	150,616	129,732
Non-operating (Income) Expenses	162,061	149,852	144,627
Income before income tax expense (benefit)	248,533	368,318	316,328
Income tax expense (benefit) (note 12)	4,660	(4,222)	10,697
Net income	243,873	372,540	305,631
Statements of Comprehensive Income
Net income	243,873	372,540	305,631
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	249	673	(1,290)
Comprehensive income	$ 244,122	$ 373,213	$ 304,341

XML 18 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Comprehensive Income (Loss) [Member]	Accumulated Comprehensive Income (Loss) [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member] LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Beginning Balance at Dec. 31, 2017	$ 1,103,493	$ 1,091,098	$ 84	$ 14	$ (21,300)	$ 1,762,499	$ 2,832,940	$ 1,302	$ 1,302	$ (639,106)	$ (1,743,144)
Non-cash compensation	4,012					4,012
Issuance of common stock through stock awards	11,012					11,012
Exercise of stock options	13,433		1			13,432
Issuance of shares of common stock through employee purchase plan	7,115					7,115
Issuance of common stock for cash	42,070		1			42,069
Issuance of common stock for purchase of assets	12,282					12,282
Purchase of treasury stock	(4,112)				(4,112)
Foreign currency translation		(1,290)							(1,290)
Contribution from parent		89,967					89,967
Foreign currency translation	(1,290)							(1,290)
Net income	305,232	305,631								305,232	305,631
Dividend to parent		(365,210)									(365,210)
Dividends/distributions to common shareholders	(361,098)									(361,098)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2018	1,131,784	1,120,196	86	14	(25,412)	1,852,421	2,922,907	12	12	(695,337)	(1,802,723)
Non-cash compensation	4,604					4,604
Issuance of common stock through stock awards	20,956					20,956
Exercise of stock options	14,984					14,984
Issuance of shares of common stock through employee purchase plan	8,060					8,060
Issuance of common stock for cash	21,198		1			21,197
Purchase of treasury stock	(8,882)				(8,882)
Foreign currency translation		673							673
Contribution from parent		69,822					69,822
Foreign currency translation	673							673
Net income	372,111	372,540								372,111	372,540
Dividend to parent		(393,700)									(393,700)
Dividends/distributions to common shareholders	(384,817)									(384,817)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2019	1,180,306	1,169,531	87	14	(34,294)	1,922,222	2,992,729	685	685	(708,408)	(1,823,883)
Non-cash compensation	4,669					4,669
Issuance of common stock through stock awards	25,811					25,811
Exercise of stock options	3,138					3,138
Issuance of shares of common stock through employee purchase plan	8,010					8,010
Purchase of treasury stock	(10,492)				(10,492)
Foreign currency translation		249							249
Contribution from parent		41,628					41,628
Foreign currency translation	249							249
Net income	243,386	243,873								243,386	243,873
Dividend to parent		(262,437)									(262,437)
Dividends/distributions to common shareholders	(251,944)									(251,944)
Dividends	(365)									(365)
Ending Balance at Dec. 31, 2020	$ 1,202,768	$ 1,192,844	$ 87	$ 14	$ (44,786)	$ 1,963,850	$ 3,034,357	$ 934	$ 934	$ (717,331)	$ (1,842,447)

XML 19 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Exercise of stock options	61,949	340,684	361,618
Common stock shares issued for cash		266,410	576,002
Common stock shares issued for purchase of assets			163,137
Purchase of treasury stock	116,483	114,295	57,619
Common stock dividends/distributions	$ 2.50	$ 3.84	$ 3.65
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80
Common stock awards	298,124	302,507	150,259
Common stock purchase plan	154,756	129,972	126,012
Additional Paid-in Capital [Member]
Exercise of stock options	61,949	340,684	361,618
Common stock shares issued for cash		266,410	576,002
Common stock awards	298,124	302,507	150,259
Common stock purchase plan	154,756	129,972	126,012
Treasury Stock [Member]
Purchase of treasury stock	116,483	114,295	57,619
Accumulated Deficit [Member]
Common stock dividends/distributions	$ 2.50	$ 3.84	$ 3.65
Preferred stock dividend shares	$ 63.80	$ 63.80	$ 63.80

XML 20 R7.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income	$ 243,386	$ 372,111	$ 305,232
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	251,296	250,028	225,261
Stock-based compensation	18,772	29,647	29,443
Amortization included in interest expense	5,909	5,365	4,920
(Gain) loss on disposition of assets	(9,026)	(7,241)	7,233
Loss on extinguishment of debt	25,235		15,429
Deferred income tax (benefit) expense	(797)	(14,130)	1,538
Provision for doubtful accounts	12,729	10,608	7,985
Decrease (increase) in:
Receivables	1,287	(28,357)	(33,292)
Prepaid expenses	591	275	(5,433)
Other assets	7,629	(11,257)	2,828
Increase (decrease) in:
Trade accounts payable	841	700	1,366
Accrued expenses	10,052	(1,597)	(6,292)
Operating lease liabilities	24,549	9,102
Other liabilities	(22,580)	15,611	8,628
Cash flows provided by operating activities	569,873	630,865	564,846
Cash flows from investing activities:
Capital expenditures	(62,272)	(140,956)	(117,638)
Acquisitions	(45,584)	(226,278)	(477,389)
(Increase) decrease in notes receivable		(448)	9
Proceeds received from property insurance claims		210	4,222
Proceeds from disposition of assets and investments	10,968	5,438	6,648
Cash flows used in investing activities	(96,888)	(362,034)	(584,148)
Cash flows from financing activities:
Net proceeds from issuance of common stock	11,148	44,262	62,662
Cash used for purchase of treasury shares	(10,492)	(8,882)	(4,112)
Proceeds received from revolving credit facility	725,000	495,000	563,000
Payments on revolving credit facility	(875,000)	(625,000)	(481,000)
Principal payments on long term debt	(9,112)	(34,471)	(27,328)
Borrowings on long term debt	8,750
Proceeds received from senior credit facility term loans	598,500		599,250
Payments on senior credit facility term loans	(978,097)
Proceeds received from accounts receivable securitization program	122,500	9,000	175,000
Payments on accounts receivable securitization program	(175,000)	(9,000)
Debt issuance costs	(32,950)	(4,463)	(7,616)
Proceeds received from note offering	1,549,250	255,000
Redemption of senior notes and senior subordinated notes	(1,058,596)		(509,790)
Distributions to non-controlling interest	(1,509)	(621)	(541)
Dividends/distributions	(252,309)	(385,182)	(443,088)
Cash flows used in financing activities	(377,917)	(264,357)	(73,563)
Effect of exchange rate changes in cash and cash equivalents	313	220	(1,112)
Net increase (decrease) in cash and cash equivalents	95,381	4,694	(93,977)
Cash and cash equivalents at beginning of period	26,188	21,494	115,471
Cash and cash equivalents at end of period	121,569	26,188	21,494
Supplemental disclosures of cash flow information:
Cash paid for interest	130,864	139,585	136,711
Cash paid for state and federal income taxes	4,033	14,449	8,563
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net income	243,873	372,540	305,631
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	251,296	250,028	225,261
Stock-based compensation	18,772	29,647	29,443
Amortization included in interest expense	5,909	5,365	4,920
(Gain) loss on disposition of assets	(9,026)	(7,241)	7,233
Loss on extinguishment of debt	25,235		15,429
Deferred income tax (benefit) expense	(797)	(14,130)	1,538
Provision for doubtful accounts	12,729	10,608	7,985
Decrease (increase) in:
Receivables	1,287	(28,357)	(33,292)
Prepaid expenses	591	275	(5,433)
Other assets	7,629	(11,257)	3,270
Increase (decrease) in:
Trade accounts payable	841	700	1,366
Accrued expenses	10,052	(1,597)	(6,292)
Operating lease liabilities	24,549	9,102
Other liabilities	(53,911)	(10,743)	(19,974)
Cash flows provided by operating activities	539,029	604,940	537,085
Cash flows from investing activities:
Capital expenditures	(62,272)	(140,956)	(117,638)
Acquisitions	(45,584)	(226,278)	(477,389)
(Increase) decrease in notes receivable		(448)	9
Proceeds received from property insurance claims		210	4,222
Proceeds from disposition of assets and investments	10,968	5,438	6,648
Cash flows used in investing activities	(96,888)	(362,034)	(584,148)
Cash flows from financing activities:
Proceeds received from revolving credit facility	725,000	495,000	563,000
Payments on revolving credit facility	(875,000)	(625,000)	(481,000)
Principal payments on long term debt	(9,112)	(34,471)	(27,328)
Borrowings on long term debt	8,750
Proceeds received from senior credit facility term loans	598,500		599,250
Payments on senior credit facility term loans	(978,097)
Proceeds received from accounts receivable securitization program	122,500	9,000	175,000
Payments on accounts receivable securitization program	(175,000)	(9,000)
Debt issuance costs	(32,950)	(4,463)	(7,616)
Proceeds received from note offering	1,549,250	255,000
Redemption of senior notes and senior subordinated notes	(1,058,596)		(509,790)
Distributions to non-controlling interest	(1,509)	(621)	(541)
Dividends to parent	(262,437)	(393,700)	(446,744)
Contributions from parent	41,628	69,822	89,967
Cash flows used in financing activities	(347,073)	(238,433)	(45,802)
Effect of exchange rate changes in cash and cash equivalents	313	221	(1,112)
Net increase (decrease) in cash and cash equivalents	95,381	4,694	(93,977)
Cash and cash equivalents at beginning of period	25,688	20,994	114,971
Cash and cash equivalents at end of period	121,069	25,688	20,994
Supplemental disclosures of cash flow information:
Cash paid for interest	130,864	139,585	136,711
Cash paid for state and federal income taxes	$ 4,033	$ 14,449	$ 8,563

XML 21 R8.htm IDEA: XBRL DOCUMENT

Description of the Business and Significant Accounting Policies

12 Months Ended

Dec. 31, 2020

Description of the Business and Significant Accounting Policies

(1) Description of the Business and Significant Accounting Policies

(a) Nature of Business

(b) Principles of Consolidation

An operating segment is a component of an enterprise:

•

that engages in business activities from which it may earn revenues and incur expenses;

•

whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and

•

for which discrete financial information is available.

We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals.

Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

(d) Goodwill and Intangible Assets

(e) Impairment of Long-Lived Assets

(f) Acquisitions

(g) Lease Liabilities

(h) Deferred Income

Deferred income consists principally of advertising revenue invoiced in advance. Deferred advertising revenue is recognized in income over the term of the contract.

(i) Revenue Recognition

	2020		2019		2018
Net revenues	$	8,088	$	9,636	$	8,955
Direct advertising expenses	$	3,971	$	3,982	$	3,633
General and administrative expenses	$	3,144	$	4,986	$	4,758

(j) Income Taxes

(k) Dividends/Distributions

(l) Earnings Per Share

(m) Stock Based Compensation

(n) Cash and Cash Equivalents

The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.

(o) Credit Losses

(p) Foreign Currency Translation

(q) Asset Retirement Obligations

(r) Use of Estimates

(s) Comprehensive Income

(t) Fair Value Measurements

(u) Subsequent Events

The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.

Description of the Business and Significant Accounting Policies

(1) Description of the Business and Significant Accounting Policies

(a) Nature of Business

The unprecedented COVID-19 pandemic and the related government-imposed restrictions and social distancing measures have had an adverse effect on the demand for out-of-home advertising. As a result, demand for billboard, transit and airport advertising has declined, which has negatively affected Lamar Media’s revenues and financial position for the year ended December 31, 2020. We have implemented measures to mitigate the impact on Lamar Media’s financial position, which include: maintaining substantial liquidity and strengthening our debt maturity schedule, reducing our consolidated operating costs (exclusive of depreciation and amortization and gain on disposition of assets), limiting spending on capital projects, minimizing acquisition activity, and utilizing portions of the CARES Act for deferral of employer portions of social security taxes through the end of 2020. Management continues to monitor the effects of the COVID-19 pandemic on our business and the ultimate extent of impact on our financial position and results of operations cannot currently be predicted.

(b) Principles of Consolidation

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Revenues

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenues

(2) Revenue

Revenue Recognition

The following table presents our disaggregated revenue by source including revenues accounted for under ASC 840, ASC 842 and ASC 606 for the years ended December 31, 2020, 2019 and 2018.

	2020		2019		2018
Billboard Advertising	$	1,403,239	$	1,537,542	$	1,412,978
Logo Advertising		82,944		84,201		84,424
Transit Advertising		82,673		131,901		129,820
Net Revenues	$	1,568,856	$	1,753,644	$	1,627,222

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Supplemental Cash Flow Elements [Abstract]

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Acquisitions

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Acquisitions

(3) Acquisitions

Year Ended December 31, 2020

The following is a summary of the allocation of the purchase price in the above transactions.

	Total
Property, plant and equipment	$	13,376
Site locations		27,902
Non-competition agreements		140
Customer lists and contracts		3,979
Asset acquisition costs		154
Current assets		3
Current liabilities		(295	)
Operating right of use assets		7,269
Operating lease liabilities		(6,368	)
	$	46,160

Year Ended December 31, 2019

Each of these acquisitions was accounted for under the acquisition method of accounting, and, accordingly, the accompanying consolidated financial statements include the results of operations of each acquired entity from the date of acquisition. The acquisition purchase price has been allocated to assets acquired and liabilities assumed based on fair market value at the dates of acquisition.

	Total
Property, plant and equipment	$	37,988
Site locations		131,208
Non-competition agreements		240
Customer lists and contracts		23,032
Asset acquisition costs		756
Other intangibles		3,115
Goodwill		29,360
Current assets		1,860
Current liabilities		(832	)
Operating right of use assets		23,934
Operating lease liabilities		(21,573	)
Other liabilities		(1,500	)
	$	227,588

	2019		2018
	(unaudited)
Net revenues	$	1,764,493	$	1,724,821
Net income applicable to common stock	$	369,300	$	292,012
Net income per common share — basic	$	3.69	$	2.96
Net income per common share — diluted	$	3.68	$	2.95

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Non-cash Financing and Investing Activities

12 Months Ended

Dec. 31, 2020

Non-cash Financing and Investing Activities

(4) Non-cash Financing and Investing Activities

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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

(5) Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2020 and 2019 are as follows:

	Estimated Life (Years)		2020		2019
Land		—	$	413,257	$	406,884
Building and improvements	10 — 39			187,921		181,797
Advertising structures	5 — 15			2,880,521		2,926,706
Automotive and other equipment	3 — 7			133,806		144,924
			$	3,615,505	$	3,660,311

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Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Other Intangible Assets

(6) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2020 and 2019:

	Estimated		2020				2019
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	645,739	$	563,135	$	641,714	$	539,405
Non-competition agreements	3 — 15			66,156		64,647		66,014		64,379
Site locations		15		2,412,745		1,593,805		2,384,520		1,509,335
Other	2 — 15			50,018		38,625		49,864		36,749
			$	3,174,658	$	2,260,212	$	3,142,112	$	2,149,868
Unamortizable Intangible Assets:
Goodwill			$	2,165,864	$	253,536	$	2,165,810	$	253,536

The changes in the gross carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:

Balance as of December 31, 2018	$	2,172,922
Goodwill acquired during the year		29,360
Purchase price adjustments and other		(36,472	)
Impairment losses		—
Balance as of December 31, 2019	$	2,165,810
Goodwill acquired during the year		—
Purchase price adjustments and other		54
Impairment losses		—
Balance as of December 31, 2020	$	2,165,864

2021	$	106,816
2022		101,964
2023		91,133
2024		87,320
2025		83,959
Thereafter		443,254
Total	$	914,446

Goodwill and Other Intangible Assets

(3) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2020 and 2019:

	Estimated		2020				2019
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	645,739	$	563,135	$	641,714	$	539,405
Non-competition agreement	3—15			66,156		64,647		66,014		64,379
Site locations		15		2,412,745		1,593,805		2,384,520		1,509,335
Other	2—15			49,472		38,547		49,318		36,671
			$	3,174,112	$	2,260,134	$	3,141,566	$	2,149,790
Unamortizable Intangible Assets:
Goodwill			$	2,154,844	$	252,667	$	2,154,790	$	252,667

The changes in the gross carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:

Balance as of December 31, 2018	$	2,161,902
Goodwill acquired during the year		29,360
Purchase price adjustments and other		(36,472	)
Impairment losses		—
Balance as of December 31, 2019		2,154,790
Goodwill acquired during the year		—
Purchase price adjustments and other		54
Impairment losses		—
Balance as of December 31, 2020	$	2,154,844

XML 27 R14.htm IDEA: XBRL DOCUMENT

Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

(7) Leases

The following is a summary of the maturities of our operating lease liabilities as of December 31, 2020:

2021	$	228,135
2022		182,214
2023		162,163
2024		145,750
2025		122,384
Thereafter		757,576
Total undiscounted operating lease payments		1,598,222
Less: Imputed interest		(409,007	)
Total operating lease liabilities	$	1,189,215

XML 28 R15.htm IDEA: XBRL DOCUMENT

Accrued Expenses

12 Months Ended

Dec. 31, 2020

Accrued Expenses

(8) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2020 and 2019:

	2020		2019
Payroll	$	17,034	$	20,223
Interest		33,583		32,734
Insurance benefits		12,499		11,554
Accrued variable lease and contract expense		19,274		12,559
Stock-based compensation		11,589		23,297
Other		11,309		6,858
	$	105,288	$	107,225

Accrued Expenses

(4) Accrued Expenses

The following is a summary of accrued expenses at December 31, 2020 and 2019:

	2020		2019
Payroll	$	17,034	$	20,223
Interest		33,583		32,734
Accrued variable lease and contract expense		19,274		12,559
Stock-based compensation		11,589		23,297
Other		16,998		12,453
	$	98,478	$	101,266

XML 29 R16.htm IDEA: XBRL DOCUMENT

Long-term Debt

12 Months Ended

Dec. 31, 2020

Long-term Debt

(9) Long-term Debt

Long-term debt consists of the following at December 31, 2020 and 2019:

	December 31, 2020
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	598,466		$	11,569		$	586,897
Accounts Receivable Securitization Program		122,500			445			122,055
3 3/4% Senior Notes		600,000			8,031			591,969
4% Senior Notes		549,280			7,911			541,369
4 7/8% Senior Notes		400,000			5,586			394,414
5 3/4% Senior Notes		653,631			6,575			647,056
Other notes with various rates and terms		2,756			—			2,756
		2,926,633			40,117			2,886,516
Less current maturities		(122,879	)		(445	)		(122,434	)
Long-term debt, excluding current maturities	$	2,803,754		$	39,672		$	2,764,082


	December 31, 2019
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,127,069		$	9,077		$	1,117,992
Accounts Receivable Securitization Program		175,000			846			174,154
5% Senior Subordinated Notes		535,000			3,237			531,763
5 3/8% Senior Notes		510,000			3,502			506,498
5 3/4% Senior Notes		654,345			7,752			646,593
Other notes with various rates and terms		3,118			—			3,118
		3,004,532			24,414			2,980,118
Less current maturities		(232,595	)		(6,081	)		(226,514	)
Long-term debt, excluding current maturities	$	2,771,937		$	18,333		$	2,753,604

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2021	$	122,879	$	445	$	122,434
2022	$	362	$	—	$	362
2023	$	381	$	—	$	381
2024	$	400	$	—	$	400
2025	$	420	$	4,464	$	(4,044	)
Later years	$	2,802,191	$	35,208	$	2,766,983

Senior Credit Facility

The terms of Lamar Media’s senior credit facility and the indentures relating to Lamar Media’s outstanding notes restrict, among other things, the ability of Lamar Advertising and Lamar Media to:

•

dispose of assets;

•

incur or repay debt;

•

create liens;

•

make investments; and

•

pay dividends.

Lamar Advertising and Lamar Media were in compliance with all of the terms of their indentures and the senior credit facility provisions during the periods presented.

Accounts Receivable Securitization Program

5% Senior Subordinated Notes

5 3/8% Senior Notes

5 3/4% Senior Notes

On February 3, 2021, the Company subsequently redeemed in full all outstanding 5 3/4% Senior Notes. See Note 24 Subsequent Events for additional information.

4% Senior Notes

3 3/4% Senior Notes

4 7/8% Senior Notes

Debt Repurchase Program

Asset Retirement Obligation Disclosure [Abstract]

Long-term Debt

(5) Long-term Debt

Long-term debt consists of the following at December 31, 2020 and 2019:

	December 31, 2020
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	598,466		$	11,569		$	586,897
Accounts Receivable Securitization Program		122,500			445			122,055
3 3/4% Senior Notes		600,000			8,031			591,969
4% Senior Notes		549,280			7,911			541,369
4 7/8% Senior Notes		400,000			5,586			394,414
5 3/4% Senior Notes		653,631			6,575			647,056
Other notes with various rates and terms		2,756			—			2,756
		2,926,633			40,117			2,886,516
Less current maturities		(122,879	)		(445	)		(122,434	)
Long-term debt, excluding current maturities	$	2,803,754		$	39,672		$	2,764,082


	December 31, 2019
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,127,069		$	9,077		$	1,117,992
Accounts Receivable Securitization Program		175,000			846			174,154
5% Senior Subordinated Notes		535,000			3,237			531,763
5 3/8% Senior Notes		510,000			3,502			506,498
5 3/4% Senior Notes		654,345			7,752			646,593
Other notes with various rates and terms		3,118			—			3,118
		3,004,532			24,414			2,980,118
Less current maturities		(232,595	)		(6,081	)		(226,514	)
Long-term debt, excluding current maturities	$	2,771,937		$	18,333		$	2,753,604

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2021	$	122,879	$	445	$	122,434
2022	$	362	$	—	$	362
2023	$	381	$	—	$	381
2024	$	400	$	—	$	400
2025	$	420	$	4,464	$	(4,044	)
Later years	$	2,802,191	$	35,208	$	2,766,983

XML 30 R17.htm IDEA: XBRL DOCUMENT

Asset Retirement Obligation

12 Months Ended

Dec. 31, 2020

Asset Retirement Obligation

(10) Asset Retirement Obligation

Balance at December 31, 2018	$	222,989
Additions to asset retirement obligations		2,529
Accretion expense		4,260
Liabilities settled		(3,641	)
Balance at December 31, 2019	$	226,137
Additions to asset retirement obligations		658
Accretion expense		4,135
Liabilities settled		(8,054	)
Balance at December 31, 2020	$	222,876

XML 31 R18.htm IDEA: XBRL DOCUMENT

Depreciation and Amortization

12 Months Ended

Dec. 31, 2020

Depreciation And Amortization [Abstract]

Depreciation and Amortization

(11) Depreciation and Amortization

	Year Ended December 31,
	2020		2019		2018
Direct expenses	$	236,054	$	235,544	$	212,585
General and administrative expenses		4,996		4,416		4,134
Corporate expenses		10,246		10,068		8,542
	$	251,296	$	250,028	$	225,261

XML 32 R19.htm IDEA: XBRL DOCUMENT

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

(12) Income Taxes

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2020:
U.S. federal	$	2,997	$	(45	)	$	2,952
State and local		1,940		311			2,251
Foreign		520		(1,063	)		(543	)
	$	5,457	$	(797	)	$	4,660
Year ended December 31, 2019:
U.S. federal	$	6,045	$	(13,450	)	$	(7,405	)
State and local		2,699		(2,654	)		45
Foreign		1,164		1,974			3,138
	$	9,908	$	(14,130	)	$	(4,222	)
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697

As of December 31, 2020 and 2019, the Company had income taxes payable of $4,707 and $384, respectively.

The U.S. and foreign components of earnings before income taxes are as follows:

	2020			2019		2018
U.S.	$	249,714		$	357,445	$	317,695
Foreign		(1,668	)		10,444		(1,766	)
Total	$	248,046		$	367,889	$	315,929

	2020			2019			2018
Income tax expense at U.S. federal statutory rate	$	52,090		$	77,257		$	66,345
Tax adjustment related to REIT^(a)		(50,395	)		(70,619	)		(63,669	)
State and local income taxes, net of federal income tax benefit		1,222			2,039			1,461
Book expenses not deductible for tax purposes		3,156			4,144			1,926
Stock-based compensation		(2,033	)		(1,177	)		1,090
Valuation allowance^(b)		(1,031	)		(1,032	)		3,813
Rate change^(c)		(182	)		—			(80	)
Undistributed earnings of foreign subsidiaries^(d)		(78	)		(102	)		(393	)
Deferred tax adjustment due to REIT conversion^(e)		—			(17,031	)		—
Other differences, net		1,911			2,299			204
Income tax expense (benefit)	$	4,660		$	(4,222	)	$	10,697

^(a)	Includes dividend paid deduction of $52,985, $76,688 and $69,818 for the tax years ended December 31, 2020, 2019 and 2018, respectively.

^(b)	For the years ended December 31, 2020, 2019 and 2018, a non-cash valuation allowance of $(1,031), $(1,032) and $3,813, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under Act 257, the Puerto Rico corporate income tax rate was lowered from 39% to 37.5%. As a result, a non-cash benefit of $182 to income tax expense was recorded for the reduction of the Puerto Rico net deferred tax liability for the year ended December 31, 2020.

^(d)

^(e⁾	^{The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS.}

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below:

	2020			2019
Deferred tax assets:
Allowance for doubtful accounts	$	328		$	499
Accrued liabilities not deducted for tax purposes		3,358			3,431
Net operating loss carry forwards		18,803			19,522
Tax credit carry forwards		693			1,140
Charitable contributions carry forward		4			5
Investment in partnerships		367			382
Gross deferred tax assets		23,553			24,979
Less: valuation allowance		(20,997	)		(22,902	)
Net deferred tax assets		2,556			2,077
Deferred tax liabilities:
Intangibles		(5,443	)		(5,898	)
Property, plant and equipment		(911	)		(701	)
Undistributed earnings of foreign subsidiaries		(1,056	)		(1,191	)
Gross deferred tax liabilities		(7,410	)		(7,790	)
Net deferred tax liabilities	$	(4,854	)	$	(5,713	)

Balance as of December 31, 2018	$	3,207
Additions for tax positions related to current year		974
Additions for tax positions related to prior years		386
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(117	)
Settlements		—
Balance as of December 31, 2019	$	4,450
Additions for tax positions related to current year		862
Additions for tax positions related to prior years		667
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(1,013	)
Settlements		—
Balance as of December 31, 2020	$	4,966

Within the next twelve months, we expect to decrease our unrecognized tax benefits by approximately $1,340 as a result of the expiration of statute of limitations.

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

XML 33 R20.htm IDEA: XBRL DOCUMENT

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2020
Related Party Transactions	(13) Related Party Transactions Affiliates, as used within these statements, are persons or entities that are affiliated with Lamar Advertising Company or its subsidiaries through common ownership and directorate control. RTC Holdings, LLC (“RTC”), a telecommunications company, is 100% owned by entities owned by members of the Reilly family. Entities owned by Sean E. Reilly, President and Chief Executive Officer of the Company; Kevin P. Reilly, Jr., Executive Chairman of the Board of Directors; and members of their respective immediate families hold a majority stake in RTC of approximately 89%. The Reilly Family, LLC, which is owned by Sean E. Reilly, Kevin P. Reilly, Jr., members of our Board of Directors Anna Reilly and Wendell Reilly, and entities owned by each of them and members of their respective immediate families, holds the remaining minority stake in RTC of approximately 11%. On May 31, 2019, RTC acquired EATELCORP, LLC (“EATEL”) and its subsidiaries. EATEL provides phone and internet services to consumers and businesses in Louisiana. EATEL also provides data back-up and recovery services to businesses. During the years ended December 31, 2020 and 2019, the Company was a customer of EATEL for data back-up and recovery services. The aggregate amount paid by the Company to EATEL for such services was $311 and $302 for the years ended December 31, 2020 and 2019, respectively. The Company was also contracted by EATEL to provide advertising services in the aggregate amount of $134 and $137 for the years ended December 31, 2020 and 2019, respectively. The Company had no receivables from employees or executive officers at December 31, 2020 and 2019.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Related Party Transactions	(6) Related Party Transactions Affiliates, as used within these statements, are persons or entities that are affiliated with Lamar Media Corp. or its subsidiaries through common ownership and directorate control. As of December 31, 2020 and 2019, there was a payable to Lamar Advertising Company, its parent, in the amount of $3,928 and $4,779, respectively. Effective December 31, 2020 and 2019, Lamar Advertising Company contributed $41,628 and $69,822, respectively, to Lamar Media which resulted in an increase in Lamar Media’s additional paid-in capital.

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Stockholders' Equity

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Stockholders' Equity

(14) Stockholders’ Equity

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Stock Compensation Plans

12 Months Ended

Dec. 31, 2020

Stock Compensation Plans

(15) Stock Compensation Plans

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used:

Grant Year	Dividend Yield	Expected Volatility	Risk Free Interest Rate	Expected Lives
2020	5%	45%	2%		6
2019	5%	46%	2%		6
2018	5%	46%	2%		6

Information regarding the 1996 Plan for the year ended December 31, 2020 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		608,375		$	57.97
Granted		63,500			71.91
Exercised		(61,949	)		50.66
Forfeited		—			—
Expired		(11,000	)		50.81
Outstanding, end of year		598,926			60.34		5.42
Exercisable at end of year		422,626			55.06		4.25

At December 31, 2020 there was $2,544 of unrecognized compensation cost related to stock options granted which is expected to be recognized over a weighted-average period of 1.62 years.

The following is a summary of 2019 ESPP share activity for the year ended December 31, 2020:

	Shares
Available for future purchases, January 1, 2020		438,434
Additional shares reserved under 2019 ESPP		86,093
Purchases		(154,756	)
Available for future purchases, December 31, 2020		369,771

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Benefit Plans

12 Months Ended

Dec. 31, 2020

Compensation And Retirement Disclosure [Abstract]

Benefit Plans

(16) Benefit Plans

Savings and Profit Sharing Plan

Deferred Compensation Plan

The entire disclosure for retirement benefits.

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Commitments And Contingencies Disclosure [Abstract]

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Commitment and Contingencies

12 Months Ended

Dec. 31, 2020

Commitment and Contingencies

(17) Commitment and Contingencies

Off balance sheet arrangements

2021	$	30,775
2022	$	26,640
2023	$	19,357
2024	$	16,247
2025	$	12,679
Thereafter	$	4,515

Legal matters

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Distribution Restrictions

12 Months Ended

Dec. 31, 2020

Distribution Restrictions [Abstract]

Distribution Restrictions

(18) Distribution Restrictions

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Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

(19) Fair Value of Financial Instruments

Information about Geographic Areas

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

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Information about Geographic Areas

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

(20) Information about Geographic Areas

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

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New Accounting Pronouncements

12 Months Ended

Dec. 31, 2020

New Accounting Pronouncements

(21) New Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments, and additional changes modifications, clarifications, or interpretations related to this guidance thereafter, which require a reporting entity to estimate credit losses on certain types of financial instruments, and present assets held at amortized cost and available-for-sale debt securities at the amount expected to be collected. The new guidance is effective for annual and interim periods beginning after December 15, 2019. The Company adopted this guidance on January 1, 2020 and the impact of the adoption was not material to the Company’s consolidated financial statements. As of December 31, 2020, our allowance for credit losses considered the current and future impacts caused by the COVID-19 pandemic, based on available information to date. The Company will continue to actively monitor the impact of COVID-19 on expected credit losses.

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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Quarterly Financial Data (Unaudited)

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Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

(22) Quarterly Financial Data (Unaudited)

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2020 and 2019.

	Year 2020 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	406,569	$	347,652	$	386,110	$	428,525
Net revenues less direct advertising expenses	$	257,075	$	213,593	$	249,801	$	290,726
Net income applicable to common stock	$	40,402	$	31,338	$	62,667	$	108,614
Net income per common share basic	$	0.40	$	0.31	$	0.62	$	1.08
Net income per common share diluted	$	0.40	$	0.31	$	0.62	$	1.08

	Year 2019 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	384,457	$	448,742	$	457,786	$	462,659
Net revenues less direct advertising expenses	$	243,987	$	302,352	$	308,940	$	308,287
Net income applicable to common stock	$	51,162	$	118,305	$	99,618	$	102,661
Net income per common share basic	$	0.51	$	1.18	$	0.99	$	1.02
Net income per common share diluted	$	0.51	$	1.18	$	0.99	$	1.02

Quarterly Financial Data (Unaudited)

(7) Quarterly Financial Data (Unaudited)

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2020 and 2019.

	Year 2020 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	406,569	$	347,652	$	386,110	$	428,525
Net revenues less direct advertising expenses	$	257,075	$	213,593	$	249,801	$	290,726
Net income	$	40,617	$	31,534	$	62,895	$	108,827

	Year 2019 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	384,457	$	448,742	$	457,786	$	462,659
Net revenues less direct advertising expenses	$	243,987	$	302,352	$	308,940	$	308,287
Net income	$	51,362	$	118,485	$	99,832	$	102,861

XML 43 R30.htm IDEA: XBRL DOCUMENT

Divestiture of Assets

12 Months Ended

Dec. 31, 2020

Assets Of Disposal Group Including Discontinued Operation [Abstract]

Divestiture of Assets

(23) Divestiture of Assets

XML 44 R31.htm IDEA: XBRL DOCUMENT

Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

(24) Subsequent Events

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Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Valuation and Qualifying Accounts

Years Ended December 31, 2020, 2019 and 2018

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2020
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	13,185		12,729		10,968	$	14,946
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	22,902		—		1,905	$	20,997
Year ended December 31, 2019
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	11,161		11,608		9,584	$	13,185
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	23,934		—		1,032	$	22,902
Year ended December 31, 2018
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	10,055		8,472		7,366	$	11,161
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	20,120		3,814		—	$	23,934

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

LAMAR MEDIA CORP.

AND SUBSIDIARIES

Valuation and Qualifying Accounts

Years Ended December 31, 2020, 2019 and 2018

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Balance at End of Period
Year ended December 31, 2020
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	13,185		12,729		10,968	$	14,946
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	22,902		—		1,905	$	20,997
Year ended December 31, 2019
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	11,161		11,608		9,584	$	13,185
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	23,934		—		1,032	$	22,902
Year ended December 31, 2018
Deducted in balance sheet from trade accounts receivable:
Allowance for doubtful accounts	$	10,055		8,472		7,366	$	11,161
Deducted in balance sheet from deferred tax assets:
Valuation allowance	$	20,120		3,814		—	$	23,934

XML 46 R33.htm IDEA: XBRL DOCUMENT

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

Schedule III - Real Estate and Accumulated Depreciation

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Schedule of Real Estate and Accumulated Depreciation

December 31, 2020, 2019 and 2018

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

354,571 Displays

—

3,293,778

(2,192,700

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2020

⁽²⁾	This information is omitted, as it would be impracticable to compile such information on a site-by-site basis

⁽³⁾	Includes sites under construction

The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.

	December 31,			December 31,			December 31,
	2020			2019			2018
Gross real estate assets:
Balance at the beginning of the year	$	3,333,590		$	3,201,434		$	3,074,046
Capital expenditures on new advertising displays⁽⁴⁾		21,598			59,604			54,151
Capital expenditures on improvements/redevelopments of existing advertising displays		13,021			25,025			12,781
Capital expenditures other recurring		12,631			36,354			34,758
Land acquisitions⁽⁶⁾		8,980			22,965			15,368
Acquisition of advertising displays⁽^{5) (6)}		4,446			23,589			82,617
Assets sold or written-off		(100,906	)		(35,320	)		(70,494	)
Foreign exchange		418			(61	)		(1,793	)
Balance at the end of the year	$	3,293,778		$	3,333,590		$	3,201,434
Accumulated depreciation:
Balance at the beginning of the year	$	2,166,579		$	2,082,335		$	2,025,251
Depreciation		111,049			111,531			106,700
Assets sold or written-off		(85,267	)		(27,890	)		(48,488	)
Foreign exchange		339			603			(1,128	)
Balance at the end of the year	$	2,192,700		$	2,166,579		$	2,082,335

⁽⁴⁾	Includes non-cash amounts of $621, $554 and $446 at December 31, 2020, 2019 and 2018, respectively

⁽⁵⁾	Includes non-cash amounts $1,928 and $7,199 at December 31, 2019 and 2018, respectively

⁽⁶⁾	Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

Schedule III - Real Estate and Accumulated Depreciation

LAMAR MEDIA CORP.

AND SUBSIDIARIES

Schedule of Real Estate and Accumulated Depreciation

December 31, 2020, 2019 and 2018

(In thousands)

Description⁽¹⁾

Encumbrances

Initial Cost⁽²⁾

Gross Carrying

Amount⁽³⁾

Accumulated

Depreciation

Construction

Date

Acquisition

Date

Useful Lives

354,571 Displays

—

3,293,778

(2,192,700

)

Various

5 to 20 years

⁽¹⁾	No single asset exceeded 5% of the total gross carrying amount at December 31, 2020

⁽²⁾	This information is omitted, as it would be impracticable to compile such information on a site-by-site basis

⁽³⁾	Includes sites under construction

The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.

	December 31, 2020			December 31, 2019			December 31, 2018
Gross real estate assets:
Balance at the beginning of the year	$	3,333,590		$	3,201,434		$	3,074,046
Capital expenditures on new advertising displays⁽⁴⁾		21,598			59,604			54,151
Capital expenditures on improvements/redevelopments of existing advertising displays		13,021			25,025			12,781
Capital expenditures other recurring		12,631			36,354			34,758
Land acquisitions⁽⁶⁾		8,980			22,965			15,368
Acquisition of advertising displays⁽⁵⁾⁽⁶⁾		4,446			23,589			82,617
Assets sold or written-off		(100,906	)		(35,320	)		(70,494	)
Foreign exchange		418			(61	)		(1,793	)
Balance at the end of the year	$	3,293,778		$	3,333,590		$	3,201,434
Accumulated depreciation:
Balance at the beginning of the year	$	2,166,579		$	2,082,335		$	2,025,251
Depreciation		111,049			111,531			106,700
Assets sold or written-off		(85,267	)		(27,890	)		(48,488	)
Foreign exchange		339			603			(1,128	)
Balance at the end of the year	$	2,192,700		$	2,166,579		$	2,082,335

⁽⁴⁾	Includes non-cash amounts of $621, $554 and $446 at December 31, 2020, 2019 and 2018, respectively

⁽⁵⁾	Includes non-cash amounts of $1,928 and $7,199 at December 31, 2019 and 2018, respectively

⁽⁶⁾	Includes preliminary allocation of assets acquired from Fairway at December 31, 2018

XML 47 R34.htm IDEA: XBRL DOCUMENT

Non-cash Financing Activities	12 Months Ended
Non-cash Financing Activities	Dec. 31, 2020
Non-cash Financing and Investing Activities	(4) Non-cash Financing and Investing Activities For the years ended December 31, 2020 and 2019, there were no significant non-cash investing activities. For the year ended December 31, 2018, the Company had non-cash investing activities for the issuance of 163,137 shares of its Class A common stock related to acquisition purchases. The issuance had an approximate value of $12,282. For the year ended December 31, 2020, the Company had non-cash financing activities related to financing lease liabilities of $19,891. There were no significant non-cash financing activities during the years ended December 31, 2019 and 2018.
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Non-cash Financing and Investing Activities	(2) Non-cash Financing Activities During the year ended December 31, 2020, the Company had non-cash financing activities related to financing lease liabilities of $19,891. There were no significant non-cash financing activities during the years ended December 31, 2019 and 2018.

XML 48 R35.htm IDEA: XBRL DOCUMENT

Summarized Financial Information of Subsidiaries

12 Months Ended

Dec. 31, 2020

Summarized Financial Information of Subsidiaries

(8) Summarized Financial Information of Subsidiaries

Condensed Consolidating Balance Sheet as of December 31, 2020


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	110,678	$	19,471	$	249,921	$	—		$	380,070
Net property, plant and equipment		—		1,268,765		13,084		—			1,281,849
Operating lease right of use assets		—		1,200,115		21,898		—			1,222,013
Intangibles and goodwill, net		—		2,798,343		17,812		—			2,816,155
Other assets		3,912,122		258,433		132,448		(4,228,383	)		74,620
Total assets	$	4,022,800	$	5,545,127	$	435,163	$	(4,228,383	)	$	5,774,707
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	—	$	379	$	122,055	$	—		$	122,434
Current operating lease liabilties		—		188,712		6,727		—			195,439
Other current liabilities		33,583		170,320		19,286		—			223,189
Total current liabilities		33,583		359,411		148,068		—			541,062
Long-term debt		2,761,705		2,377		—		—			2,764,082
Operating lease liabilities		—		979,785		13,991		—			993,776
Other noncurrent liabilities		34,668		245,891		266,968		(264,584	)		282,943
Total liabilities		2,829,956		1,587,464		429,027		(264,584	)		4,581,863
Stockholders’ equity		1,192,844		3,957,663		6,136		(3,963,799	)		1,192,844
Total liabilities and stockholders’ equity	$	4,022,800	$	5,545,127	$	435,163	$	(4,228,383	)	$	5,774,707

Condensed Consolidating Balance Sheet as of December 31, 2019


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	13,859	$	53,756	$	242,054	$	—		$	309,669
Net property, plant and equipment		—		1,340,675		8,440		—			1,349,115
Operating lease right of use assets		—		1,293,674		27,105		—			1,320,779
Intangibles and goodwill, net		—		2,875,644		18,255		—			2,893,899
Other assets		4,193,629		229,905		184,805		(4,557,380	)		50,959
Total assets	$	4,207,488	$	5,793,654	$	480,659	$	(4,557,380	)	$	5,924,421
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	51,480	$	34	$	175,000	$	—		$	226,514
Current operating lease liabilities		—		189,071		7,770		—			196,841
Other current liabilities		26,960		196,689		19,845		—			243,494
Total current liabilities		78,440		385,794		202,615		—			666,849
Long-term debt		2,753,570		34		—		—			2,753,604
Operating lease liabilities		—		1,049,220		18,961		—			1,068,181
Other noncurrent liabilities		205,947		231,416		250,859		(421,966	)		266,256
Total liabilities		3,037,957		1,666,464		472,435		(421,966	)		4,754,890
Stockholders’ equity		1,169,531		4,127,190		8,224		(4,135,414	)		1,169,531
Total liabilities and stockholders’ equity	$	4,207,488	$	5,793,654	$	480,659	$	(4,557,380	)	$	5,924,421

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2020


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,536,534		$	33,965		$	(1,643	)	$	1,568,856
Operating expenses
Direct advertising expenses ⁽¹⁾		—			533,803			25,501			(1,643	)		557,661
General and administrative expenses ⁽¹⁾		—			281,293			6,581			—			287,874
Corporate expenses ⁽¹⁾		—			69,478			979			—			70,457
Depreciation and amortization		—			249,299			1,997			—			251,296
(Gain) loss on disposition of assets		—			(9,036	)		10			—			(9,026	)
		—			1,124,837			35,068			(1,643	)		1,158,262
Operating income		—			411,697			(1,103	)		—			410,594
Loss on debt extinguishment		25,235			—			—			—			25,235
Equity in (earnings) loss of subsidiaries		(404,332	)		—			—			404,332			—
Interest expense (income), net		135,224			(175	)		1,777			—			136,826
Income (loss) before income tax expense		243,873			411,872			(2,880	)		(404,332	)		248,533
Income tax expense (benefit)⁽²⁾		—			5,203			(543	)		—			4,660
Net income (loss)	$	243,873		$	406,669		$	(2,337	)	$	(404,332	)	$	243,873

Statement of Comprehensive Income
Net income (loss)	$	243,873		$	406,669		$	(2,337	)	$	(404,332	)	$	243,873
Total other comprehensive income, net of tax		—			—			249			—			249
Total comprehensive income (loss)	$	243,873		$	406,669		$	(2,088	)	$	(404,332	)	$	244,122

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2019


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,709,691		$	46,804		$	(2,851	)	$	1,753,644
Operating expenses
Direct advertising expenses ⁽¹⁾		—			564,877			28,052			(2,851	)		590,078
General and administrative expenses ⁽¹⁾		—			310,813			7,567			—			318,380
Corporate expenses ⁽¹⁾		—			82,652			1,577			—			84,229
Depreciation and amortization		—			247,191			2,837			—			250,028
Gain on disposition of assets		—			(3,103	)		(4,138	)		—			(7,241	)
		—			1,202,430			35,895			(2,851	)		1,235,474
Operating income		—			507,261			10,909			—			518,170
Equity in (earnings) loss of subsidiaries		(517,516	)		—			—			517,516			—
Interest expense (income), net		144,976			(149	)		5,025			—			149,852
Income (loss) before income tax expense		372,540			507,410			5,884			(517,516	)		368,318
Income tax (benefit) expense ⁽²⁾		—			(7,360	)		3,138			—			(4,222	)
Net income (loss)	$	372,540		$	514,770		$	2,746		$	(517,516	)	$	372,540

Statement of Comprehensive Income
Net income (loss)	$	372,540		$	514,770		$	2,746		$	(517,516	)	$	372,540
Total other comprehensive income, net of tax		—			—			673			—			673
Total comprehensive income (loss)	$	372,540		$	514,770		$	3,419		$	(517,516	)	$	373,213

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,579,619		$	50,352		$	(2,749	)	$	1,627,222
Operating expenses
Direct advertising expenses ⁽¹⁾		—			537,269			27,307			(2,728	)		561,848
General and administrative expenses ⁽¹⁾		—			280,874			8,554			—			289,428
Corporate expenses ⁽¹⁾		—			80,861			1,636			—			82,497
Depreciation and amortization		—			219,341			5,920			—			225,261
(Gain) loss on disposition of assets		—			(576	)		7,809			—			7,233
		—			1,117,769			51,226			(2,728	)		1,166,267
Operating income (loss)		—			461,850			(874	)		(21	)		460,955
Equity in (earnings) loss of subsidiaries		(450,791	)		—			—			450,791			—
Interest expense (income), net		129,731			(99	)		(413	)		(21	)		129,198
Other expenses		15,429			—			—			—			15,429
Income (loss) before income tax expense		305,631			461,949			(461	)		(450,791	)		316,328
Income tax expense ⁽²⁾		—			7,879			2,818			—			10,697
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631

Statement of Comprehensive Income
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631
Total other comprehensive loss, net of tax		—			—			(1,290	)		—			(1,290	)
Total comprehensive income (loss)	$	305,631		$	454,070		$	(4,569	)	$	(450,791	)	$	304,341

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2020


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	495,872		$	668,673		$	(5,639	)	$	(619,877	)	$	539,029
Cash flows from investing activities:
Capital expenditures		—			(56,772	)		(5,500	)		—			(62,272	)
Acquisitions		577			(46,161	)		—			—			(45,584	)
Proceeds from disposition of assets and investments		—			10,968			—			—			10,968
Investment in subsidiaries		(46,161	)		—			—			46,161			—
Increease in intercompany notes receivable		(60,183	)		—			—			60,183			—
Increase in notes receivable		—			—			—			—			—
Net cash (used in) provided by investing activities		(105,767	)		(91,965	)		(5,500	)		106,344			(96,888	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		725,000			—			—			—			725,000
Payment on revolving credit facility		(875,000	)		—			—			—			(875,000	)
Principal payments on long term debt		—			(9,112	)		—			—			(9,112	)
Borrowings on long term debt		—			8,750			—			—			8,750
Proceeds received from note offering		1,549,250			—			—			—			1,549,250
Redemption of senior notes and senior subordinated notes		(1,058,596	)		—			—			—			(1,058,596	)
Proceeds received from senior credit facility term loans		598,500			—			—			—			598,500
Payments on senior credit facility term loans		(978,097	)		—			—			—			(978,097	)
Payment on accounts receivable securitization program		—			—			(175,000	)		—			(175,000	)
Proceeds received from accounts receivable securitization program		—			—			122,500			—			122,500
Debt issuance costs		(32,950	)		—			—			—			(32,950	)
Intercompany loan proceeds		—			(9,176	)		69,359			(60,183	)		—
Distributions to non-controlling interest		—			—			(1,509	)		—			(1,509	)
Dividends (to) from parent		(262,437	)		(619,877	)		—			619,877			(262,437	)
Contributions from (to) parent		41,628			46,161			—			(46,161	)		41,628
Net cash (used in) provided by financing activities		(292,702	)		(583,254	)		15,350			513,533			(347,073	)
Effect of exchange rate changes in cash and cash equivalents		—			—			313			—			313
Net increase in cash and cash equivalents		97,403			(6,546	)		4,524			—			95,381
Cash and cash equivalents at beginning of period		13,185			8,278			4,225			—			25,688
Cash and cash equivalents at end of period	$	110,588		$	1,732		$	8,749		$	—		$	121,069

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2019


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	469,907		$	738,030		$	6,660		$	(609,657	)	$	604,940
Cash flows from investing activities:
Capital expenditures		—			(136,696	)		(4,260	)		—			(140,956	)
Acquisitions		—			(226,278	)		—			—			(226,278	)
Proceeds from disposition of assets and investments		—			5,438			—			—			5,438
Proceeds received from insurance claims		—			210			—			—			210
Investment in subsidiaries		(226,278	)		—			—			226,278			—
Decrease in intercompany notes receivable		3,787			—			—			(3,787	)		—
Increase in notes receivable		(448	)		—			—			—			(448	)
Net cash (used in) provided by investing activities		(222,939	)		(357,326	)		(4,260	)		222,491			(362,034	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		495,000			—			—			—			495,000
Payment on revolving credit facility		(625,000	)		—			—			—			(625,000	)
Principal payments on long-term debt		(34,471	)		—			—			—			(34,471	)
Proceeds received from accounts receivable securitization program		—			—			9,000			—			9,000
Payments on accounts receivable securitization program		—			—			(9,000	)		—			(9,000	)
Debt issuance costs		(4,463	)		—			—			—			(4,463	)
Proceeds received from note offering		255,000			—			—			—			255,000
Intercompany loan proceeds (payments)		—			(702	)		(3,085	)		3,787			—
Distributions to non-controlling interest		—			—			(621	)		—			(621	)
Dividends (to) from parent		(393,700	)		(609,657	)		—			609,657			(393,700	)
Contributions from (to) parent		69,822			226,278			—			(226,278	)		69,822
Net cash (used in) provided by financing activities		(237,812	)		(384,081	)		(3,706	)		387,166			(238,433	)
Effect of exchange rate changes in cash and cash equivalents		—			—			221			—			221
Net increase in cash and cash equivalents		9,156			(3,377	)		(1,085	)		—			4,694
Cash and cash equivalents at beginning of period		4,029			11,655			5,310			—			20,994
Cash and cash equivalents at end of period	$	13,185		$	8,278		$	4,225		$	—		$	25,688

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	430,896		$	689,718		$	(17,143	)	$	(566,386	)	$	537,085
Cash flows from investing activities:
Acquisitions		—			(477,389	)		—			—			(477,389	)
Capital expenditures		—			(113,259	)		(4,379	)		—			(117,638	)
Proceeds from disposition of assets and investments		—			3,839			2,809			—			6,648
Proceeds received from insurance claims		—			—			4,222			—			4,222
Investment in subsidiaries		(498,226	)		—			—			498,226			—
Decrease in intercompany notes receivable		30,034			—			—			(30,034	)		—
Decrease in notes receivable		9			—			—			—			9
Net cash (used in) provided by investing activities		(468,183	)		(586,809	)		2,652			468,192			(584,148	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		563,000			—			—			—			563,000
Payment on revolving credit facility		(481,000	)		—			—			—			(481,000	)
Principal payments on long-term debt		(27,297	)		(31	)		—			—			(27,328	)
Proceeds received from senior credit facility term loans		599,250			—			—			—			599,250
Proceeds received from accounts receivable securitization program		—			—			175,000			—			175,000
Debt issuance costs		(7,616	)		—			—			—			(7,616	)
Redemption on senior subordinated notes		(509,790	)		—			—			—			(509,790	)
Intercompany loan proceeds (payments)		175,000			(24,688	)		(180,346	)		30,034			—
Distributions to non-controlling interest		—			—			(541	)		—			(541	)
Contributions from (to) parent		89,967			498,226			—			(498,226	)		89,967
Dividends (to) from parent		(446,744	)		(566,386	)		—			566,386			(446,744	)
Net cash (used in) provided by financing activities		(45,230	)		(92,879	)		(5,887	)		98,194			(45,802	)
Effect of exchange rate changes in cash and cash equivalents		—			—			(1,112	)		—			(1,112	)
Net increase in cash and cash equivalents		(82,517	)		10,030			(21,490	)		—			(93,977	)
Cash and cash equivalents at beginning of period		86,546			1,625			26,800			—			114,971
Cash and cash equivalents at end of period	$	4,029		$	11,655		$	5,310		$	—		$	20,994

XML 49 R36.htm IDEA: XBRL DOCUMENT

Description of the Business and Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2020

Nature of Business

(a) Nature of Business

Principles of Consolidation

(b) Principles of Consolidation

An operating segment is a component of an enterprise:

•

that engages in business activities from which it may earn revenues and incur expenses;

•

whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and

•

for which discrete financial information is available.

We operate in a single operating and reporting segment, advertising. We rent advertising space on billboards, buses, shelters, benches, logo plates and in airport terminals.

Property, Plant and Equipment

Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

Goodwill and Intangible Assets

(d) Goodwill and Intangible Assets

Impairment of Long-Lived Assets

(e) Impairment of Long-Lived Assets

Acquisitions

(f) Acquisitions

Lease Liabilities

(g) Lease Liabilities

Deferred Income

(h) Deferred Income

Deferred income consists principally of advertising revenue invoiced in advance. Deferred advertising revenue is recognized in income over the term of the contract.

Revenue Recognition

(i) Revenue Recognition

	2020		2019		2018
Net revenues	$	8,088	$	9,636	$	8,955
Direct advertising expenses	$	3,971	$	3,982	$	3,633
General and administrative expenses	$	3,144	$	4,986	$	4,758

Income Taxes

(j) Income Taxes

Dividends/Distributions

(k) Dividends/Distributions

Earnings Per Share

(l) Earnings Per Share

Share Based Compensation

(m) Stock Based Compensation

Cash and Cash Equivalents

(n) Cash and Cash Equivalents

The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.

Credit Losses

(o) Credit Losses

Foreign Currency Translation

(p) Foreign Currency Translation

Asset Retirement Obligations

(q) Asset Retirement Obligations

Use of Estimates

(r) Use of Estimates

Comprehensive Income

(s) Comprehensive Income

Fair Value Measurements

(t) Fair Value Measurements

Subsequent Events

(u) Subsequent Events

The Company has performed an evaluation of subsequent events through the date on which the financial statements are issued.

Principles of Consolidation

Nature of Business

(a) Nature of Business

The unprecedented COVID-19 pandemic and the related government-imposed restrictions and social distancing measures have had an adverse effect on the demand for out-of-home advertising. As a result, demand for billboard, transit and airport advertising has declined, which has negatively affected Lamar Media’s revenues and financial position for the year ended December 31, 2020. We have implemented measures to mitigate the impact on Lamar Media’s financial position, which include: maintaining substantial liquidity and strengthening our debt maturity schedule, reducing our consolidated operating costs (exclusive of depreciation and amortization and gain on disposition of assets), limiting spending on capital projects, minimizing acquisition activity, and utilizing portions of the CARES Act for deferral of employer portions of social security taxes through the end of 2020. Management continues to monitor the effects of the COVID-19 pandemic on our business and the ultimate extent of impact on our financial position and results of operations cannot currently be predicted.

(b) Principles of Consolidation

XML 50 R37.htm IDEA: XBRL DOCUMENT

Description of the Business and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Revenue and Expense Recognized for Advertising Barter Transactions

The amount of revenue and expense recognized for advertising barter transactions is as follows:

	2020		2019		2018
Net revenues	$	8,088	$	9,636	$	8,955
Direct advertising expenses	$	3,971	$	3,982	$	3,633
General and administrative expenses	$	3,144	$	4,986	$	4,758

XML 51 R38.htm IDEA: XBRL DOCUMENT

Revenues (Tables)

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Disaggregation Revenue

The following table presents our disaggregated revenue by source including revenues accounted for under ASC 840, ASC 842 and ASC 606 for the years ended December 31, 2020, 2019 and 2018.

	2020		2019		2018
Billboard Advertising	$	1,403,239	$	1,537,542	$	1,412,978
Logo Advertising		82,944		84,201		84,424
Transit Advertising		82,673		131,901		129,820
Net Revenues	$	1,568,856	$	1,753,644	$	1,627,222

XML 52 R39.htm IDEA: XBRL DOCUMENT

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

2020 Acquisitions [Member]

Summary of Allocation of Purchase Price/Acquisition Costs

The following is a summary of the allocation of the purchase price in the above transactions.

	Total
Property, plant and equipment	$	13,376
Site locations		27,902
Non-competition agreements		140
Customer lists and contracts		3,979
Asset acquisition costs		154
Current assets		3
Current liabilities		(295	)
Operating right of use assets		7,269
Operating lease liabilities		(6,368	)
	$	46,160

2019 Acquisitions [Member]

Summary of Allocation of Purchase Price/Acquisition Costs

	Total
Property, plant and equipment	$	37,988
Site locations		131,208
Non-competition agreements		240
Customer lists and contracts		23,032
Asset acquisition costs		756
Other intangibles		3,115
Goodwill		29,360
Current assets		1,860
Current liabilities		(832	)
Operating right of use assets		23,934
Operating lease liabilities		(21,573	)
Other liabilities		(1,500	)
	$	227,588

2019 Acquisitions Excluding Fairway Assets [Member]

Summary of Unaudited Pro Forma Financial Information

	2019		2018
	(unaudited)
Net revenues	$	1,764,493	$	1,724,821
Net income applicable to common stock	$	369,300	$	292,012
Net income per common share — basic	$	3.69	$	2.96
Net income per common share — diluted	$	3.68	$	2.95

XML 53 R40.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Summary of Major Categories of Property, Plant and Equipment

Major categories of property, plant and equipment at December 31, 2020 and 2019 are as follows:

	Estimated Life (Years)		2020		2019
Land		—	$	413,257	$	406,884
Building and improvements	10 — 39			187,921		181,797
Advertising structures	5 — 15			2,880,521		2,926,706
Automotive and other equipment	3 — 7			133,806		144,924
			$	3,615,505	$	3,660,311

XML 54 R41.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2020 and 2019:

	Estimated		2020				2019
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	645,739	$	563,135	$	641,714	$	539,405
Non-competition agreements	3 — 15			66,156		64,647		66,014		64,379
Site locations		15		2,412,745		1,593,805		2,384,520		1,509,335
Other	2 — 15			50,018		38,625		49,864		36,749
			$	3,174,658	$	2,260,212	$	3,142,112	$	2,149,868
Unamortizable Intangible Assets:
Goodwill			$	2,165,864	$	253,536	$	2,165,810	$	253,536

Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:

Balance as of December 31, 2018	$	2,172,922
Goodwill acquired during the year		29,360
Purchase price adjustments and other		(36,472	)
Impairment losses		—
Balance as of December 31, 2019	$	2,165,810
Goodwill acquired during the year		—
Purchase price adjustments and other		54
Impairment losses		—
Balance as of December 31, 2020	$	2,165,864

Summary of Estimated Amortization Expense

The following is a summary of the estimated amortization expense for future years:

2021	$	106,816
2022		101,964
2023		91,133
2024		87,320
2025		83,959
Thereafter		443,254
Total	$	914,446

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2020 and 2019:

	Estimated		2020				2019
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	645,739	$	563,135	$	641,714	$	539,405
Non-competition agreement	3—15			66,156		64,647		66,014		64,379
Site locations		15		2,412,745		1,593,805		2,384,520		1,509,335
Other	2—15			49,472		38,547		49,318		36,671
			$	3,174,112	$	2,260,134	$	3,141,566	$	2,149,790
Unamortizable Intangible Assets:
Goodwill			$	2,154,844	$	252,667	$	2,154,790	$	252,667

Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:

Balance as of December 31, 2018	$	2,161,902
Goodwill acquired during the year		29,360
Purchase price adjustments and other		(36,472	)
Impairment losses		—
Balance as of December 31, 2019		2,154,790
Goodwill acquired during the year		—
Purchase price adjustments and other		54
Impairment losses		—
Balance as of December 31, 2020	$	2,154,844

XML 55 R42.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Summary of Maturities of Operating Lease Liabilities

The following is a summary of the maturities of our operating lease liabilities as of December 31, 2020:

2021	$	228,135
2022		182,214
2023		162,163
2024		145,750
2025		122,384
Thereafter		757,576
Total undiscounted operating lease payments		1,598,222
Less: Imputed interest		(409,007	)
Total operating lease liabilities	$	1,189,215

XML 56 R43.htm IDEA: XBRL DOCUMENT

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2020 and 2019:

	2020		2019
Payroll	$	17,034	$	20,223
Interest		33,583		32,734
Insurance benefits		12,499		11,554
Accrued variable lease and contract expense		19,274		12,559
Stock-based compensation		11,589		23,297
Other		11,309		6,858
	$	105,288	$	107,225

Summary of Accrued Expenses

The following is a summary of accrued expenses at December 31, 2020 and 2019:

	2020		2019
Payroll	$	17,034	$	20,223
Interest		33,583		32,734
Accrued variable lease and contract expense		19,274		12,559
Stock-based compensation		11,589		23,297
Other		16,998		12,453
	$	98,478	$	101,266

XML 57 R44.htm IDEA: XBRL DOCUMENT

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-Term Debt

Long-term debt consists of the following at December 31, 2020 and 2019:

	December 31, 2020
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	598,466		$	11,569		$	586,897
Accounts Receivable Securitization Program		122,500			445			122,055
3 3/4% Senior Notes		600,000			8,031			591,969
4% Senior Notes		549,280			7,911			541,369
4 7/8% Senior Notes		400,000			5,586			394,414
5 3/4% Senior Notes		653,631			6,575			647,056
Other notes with various rates and terms		2,756			—			2,756
		2,926,633			40,117			2,886,516
Less current maturities		(122,879	)		(445	)		(122,434	)
Long-term debt, excluding current maturities	$	2,803,754		$	39,672		$	2,764,082


	December 31, 2019
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,127,069		$	9,077		$	1,117,992
Accounts Receivable Securitization Program		175,000			846			174,154
5% Senior Subordinated Notes		535,000			3,237			531,763
5 3/8% Senior Notes		510,000			3,502			506,498
5 3/4% Senior Notes		654,345			7,752			646,593
Other notes with various rates and terms		3,118			—			3,118
		3,004,532			24,414			2,980,118
Less current maturities		(232,595	)		(6,081	)		(226,514	)
Long-term debt, excluding current maturities	$	2,771,937		$	18,333		$	2,753,604

Summary of Long-Term Debt Contractual Maturities

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2021	$	122,879	$	445	$	122,434
2022	$	362	$	—	$	362
2023	$	381	$	—	$	381
2024	$	400	$	—	$	400
2025	$	420	$	4,464	$	(4,044	)
Later years	$	2,802,191	$	35,208	$	2,766,983

Summary of Long-Term Debt Contractual Maturities

Long-Term Debt

Long-term debt consists of the following at December 31, 2020 and 2019:

	December 31, 2020
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	598,466		$	11,569		$	586,897
Accounts Receivable Securitization Program		122,500			445			122,055
3 3/4% Senior Notes		600,000			8,031			591,969
4% Senior Notes		549,280			7,911			541,369
4 7/8% Senior Notes		400,000			5,586			394,414
5 3/4% Senior Notes		653,631			6,575			647,056
Other notes with various rates and terms		2,756			—			2,756
		2,926,633			40,117			2,886,516
Less current maturities		(122,879	)		(445	)		(122,434	)
Long-term debt, excluding current maturities	$	2,803,754		$	39,672		$	2,764,082


	December 31, 2019
	Debt			Deferred financing costs			Debt, net of deferred financing costs
Senior Credit Facility	$	1,127,069		$	9,077		$	1,117,992
Accounts Receivable Securitization Program		175,000			846			174,154
5% Senior Subordinated Notes		535,000			3,237			531,763
5 3/8% Senior Notes		510,000			3,502			506,498
5 3/4% Senior Notes		654,345			7,752			646,593
Other notes with various rates and terms		3,118			—			3,118
		3,004,532			24,414			2,980,118
Less current maturities		(232,595	)		(6,081	)		(226,514	)
Long-term debt, excluding current maturities	$	2,771,937		$	18,333		$	2,753,604

Long-term debt contractual maturities are as follows:

	Debt		Deferred financing costs		Debt, net of deferred financing costs
2021	$	122,879	$	445	$	122,434
2022	$	362	$	—	$	362
2023	$	381	$	—	$	381
2024	$	400	$	—	$	400
2025	$	420	$	4,464	$	(4,044	)
Later years	$	2,802,191	$	35,208	$	2,766,983

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Asset Retirement Obligation Disclosure [Abstract]

XML 58 R45.htm IDEA: XBRL DOCUMENT

Asset Retirement Obligation (Tables)

12 Months Ended

Dec. 31, 2020

The following table reflects information related to our asset retirement obligations:

Balance at December 31, 2018	$	222,989
Additions to asset retirement obligations		2,529
Accretion expense		4,260
Liabilities settled		(3,641	)
Balance at December 31, 2019	$	226,137
Additions to asset retirement obligations		658
Accretion expense		4,135
Liabilities settled		(8,054	)
Balance at December 31, 2020	$	222,876

XML 59 R46.htm IDEA: XBRL DOCUMENT

Depreciation and Amortization (Tables)

12 Months Ended

Dec. 31, 2020

Depreciation And Amortization [Abstract]

Depreciation and Amortization Expense Excluded from Operating Expenses in its Consolidated Statements of Income and Comprehensive Income

The amounts of depreciation and amortization expense excluded from the following operating expenses in its Consolidated Statements of Income and Comprehensive Income are:

	Year Ended December 31,
	2020		2019		2018
Direct expenses	$	236,054	$	235,544	$	212,585
General and administrative expenses		4,996		4,416		4,134
Corporate expenses		10,246		10,068		8,542
	$	251,296	$	250,028	$	225,261

XML 60 R47.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Current		Deferred			Total
Year ended December 31, 2020:
U.S. federal	$	2,997	$	(45	)	$	2,952
State and local		1,940		311			2,251
Foreign		520		(1,063	)		(543	)
	$	5,457	$	(797	)	$	4,660
Year ended December 31, 2019:
U.S. federal	$	6,045	$	(13,450	)	$	(7,405	)
State and local		2,699		(2,654	)		45
Foreign		1,164		1,974			3,138
	$	9,908	$	(14,130	)	$	(4,222	)
Year ended December 31, 2018:
U.S. federal	$	4,952	$	435		$	5,387
State and local		2,615		(123	)		2,492
Foreign		1,592		1,226			2,818
	$	9,159	$	1,538		$	10,697

U.S. and Foreign Components of Earnings Before Income Taxes

The U.S. and foreign components of earnings before income taxes are as follows:

	2020			2019		2018
U.S.	$	249,714		$	357,445	$	317,695
Foreign		(1,668	)		10,444		(1,766	)
Total	$	248,046		$	367,889	$	315,929

Schedule of Effective Income Tax Rate Reconciliation

	2020			2019			2018
Income tax expense at U.S. federal statutory rate	$	52,090		$	77,257		$	66,345
Tax adjustment related to REIT^(a)		(50,395	)		(70,619	)		(63,669	)
State and local income taxes, net of federal income tax benefit		1,222			2,039			1,461
Book expenses not deductible for tax purposes		3,156			4,144			1,926
Stock-based compensation		(2,033	)		(1,177	)		1,090
Valuation allowance^(b)		(1,031	)		(1,032	)		3,813
Rate change^(c)		(182	)		—			(80	)
Undistributed earnings of foreign subsidiaries^(d)		(78	)		(102	)		(393	)
Deferred tax adjustment due to REIT conversion^(e)		—			(17,031	)		—
Other differences, net		1,911			2,299			204
Income tax expense (benefit)	$	4,660		$	(4,222	)	$	10,697

^(a)	Includes dividend paid deduction of $52,985, $76,688 and $69,818 for the tax years ended December 31, 2020, 2019 and 2018, respectively.

^(b)	For the years ended December 31, 2020, 2019 and 2018, a non-cash valuation allowance of $(1,031), $(1,032) and $3,813, respectively, was recorded to income tax expense due to our limited ability to utilize Puerto Rico deferred tax assets in future years.

^(c)	Under Act 257, the Puerto Rico corporate income tax rate was lowered from 39% to 37.5%. As a result, a non-cash benefit of $182 to income tax expense was recorded for the reduction of the Puerto Rico net deferred tax liability for the year ended December 31, 2020.

^(d)

^(e⁾	^{The income tax provision for the year ended December 31, 2019 is net of the deferred tax benefit of $17,031, which relates to the transfer of assets purchased from Fairway into our qualifying REIT subsidiary on June 28, 2019. The Fairway assets were initially placed in the TRS.}

Components of Deferred Taxes

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and (liabilities) are presented below:

	2020			2019
Deferred tax assets:
Allowance for doubtful accounts	$	328		$	499
Accrued liabilities not deducted for tax purposes		3,358			3,431
Net operating loss carry forwards		18,803			19,522
Tax credit carry forwards		693			1,140
Charitable contributions carry forward		4			5
Investment in partnerships		367			382
Gross deferred tax assets		23,553			24,979
Less: valuation allowance		(20,997	)		(22,902	)
Net deferred tax assets		2,556			2,077
Deferred tax liabilities:
Intangibles		(5,443	)		(5,898	)
Property, plant and equipment		(911	)		(701	)
Undistributed earnings of foreign subsidiaries		(1,056	)		(1,191	)
Gross deferred tax liabilities		(7,410	)		(7,790	)
Net deferred tax liabilities	$	(4,854	)	$	(5,713	)

Reconciliation Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance as of December 31, 2018	$	3,207
Additions for tax positions related to current year		974
Additions for tax positions related to prior years		386
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(117	)
Settlements		—
Balance as of December 31, 2019	$	4,450
Additions for tax positions related to current year		862
Additions for tax positions related to prior years		667
Reductions for tax positions related to prior years		—
Lapse of statute of limitations		(1,013	)
Settlements		—
Balance as of December 31, 2020	$	4,966

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Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used:

Grant Year	Dividend Yield	Expected Volatility	Risk Free Interest Rate	Expected Lives
2020	5%	45%	2%		6
2019	5%	46%	2%		6
2018	5%	46%	2%		6

Stock Option Transactions under Various Stock-Based Employee Compensation Plans

Information regarding the 1996 Plan for the year ended December 31, 2020 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding, beginning of year		608,375		$	57.97
Granted		63,500			71.91
Exercised		(61,949	)		50.66
Forfeited		—			—
Expired		(11,000	)		50.81
Outstanding, end of year		598,926			60.34		5.42
Exercisable at end of year		422,626			55.06		4.25

Summary of ESPP Share Activity

The following is a summary of 2019 ESPP share activity for the year ended December 31, 2020:

	Shares
Available for future purchases, January 1, 2020		438,434
Additional shares reserved under 2019 ESPP		86,093
Purchases		(154,756	)
Available for future purchases, December 31, 2020		369,771

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Commitment and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Minimum Payments Related to Agreements

2021	$	30,775
2022	$	26,640
2023	$	19,357
2024	$	16,247
2025	$	12,679
Thereafter	$	4,515

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Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Quarterly Financial Data

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2020 and 2019.

	Year 2020 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	406,569	$	347,652	$	386,110	$	428,525
Net revenues less direct advertising expenses	$	257,075	$	213,593	$	249,801	$	290,726
Net income applicable to common stock	$	40,402	$	31,338	$	62,667	$	108,614
Net income per common share basic	$	0.40	$	0.31	$	0.62	$	1.08
Net income per common share diluted	$	0.40	$	0.31	$	0.62	$	1.08

	Year 2019 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	384,457	$	448,742	$	457,786	$	462,659
Net revenues less direct advertising expenses	$	243,987	$	302,352	$	308,940	$	308,287
Net income applicable to common stock	$	51,162	$	118,305	$	99,618	$	102,661
Net income per common share basic	$	0.51	$	1.18	$	0.99	$	1.02
Net income per common share diluted	$	0.51	$	1.18	$	0.99	$	1.02

Summary of Quarterly Financial Data

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2020 and 2019.

	Year 2020 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	406,569	$	347,652	$	386,110	$	428,525
Net revenues less direct advertising expenses	$	257,075	$	213,593	$	249,801	$	290,726
Net income	$	40,617	$	31,534	$	62,895	$	108,827

	Year 2019 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	384,457	$	448,742	$	457,786	$	462,659
Net revenues less direct advertising expenses	$	243,987	$	302,352	$	308,940	$	308,287
Net income	$	51,362	$	118,485	$	99,832	$	102,861

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Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

12 Months Ended

Dec. 31, 2020

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of December 31, 2020


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	110,678	$	19,471	$	249,921	$	—		$	380,070
Net property, plant and equipment		—		1,268,765		13,084		—			1,281,849
Operating lease right of use assets		—		1,200,115		21,898		—			1,222,013
Intangibles and goodwill, net		—		2,798,343		17,812		—			2,816,155
Other assets		3,912,122		258,433		132,448		(4,228,383	)		74,620
Total assets	$	4,022,800	$	5,545,127	$	435,163	$	(4,228,383	)	$	5,774,707
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	—	$	379	$	122,055	$	—		$	122,434
Current operating lease liabilties		—		188,712		6,727		—			195,439
Other current liabilities		33,583		170,320		19,286		—			223,189
Total current liabilities		33,583		359,411		148,068		—			541,062
Long-term debt		2,761,705		2,377		—		—			2,764,082
Operating lease liabilities		—		979,785		13,991		—			993,776
Other noncurrent liabilities		34,668		245,891		266,968		(264,584	)		282,943
Total liabilities		2,829,956		1,587,464		429,027		(264,584	)		4,581,863
Stockholders’ equity		1,192,844		3,957,663		6,136		(3,963,799	)		1,192,844
Total liabilities and stockholders’ equity	$	4,022,800	$	5,545,127	$	435,163	$	(4,228,383	)	$	5,774,707

Condensed Consolidating Balance Sheet as of December 31, 2019


	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated

ASSETS
Total current assets	$	13,859	$	53,756	$	242,054	$	—		$	309,669
Net property, plant and equipment		—		1,340,675		8,440		—			1,349,115
Operating lease right of use assets		—		1,293,674		27,105		—			1,320,779
Intangibles and goodwill, net		—		2,875,644		18,255		—			2,893,899
Other assets		4,193,629		229,905		184,805		(4,557,380	)		50,959
Total assets	$	4,207,488	$	5,793,654	$	480,659	$	(4,557,380	)	$	5,924,421
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt	$	51,480	$	34	$	175,000	$	—		$	226,514
Current operating lease liabilities		—		189,071		7,770		—			196,841
Other current liabilities		26,960		196,689		19,845		—			243,494
Total current liabilities		78,440		385,794		202,615		—			666,849
Long-term debt		2,753,570		34		—		—			2,753,604
Operating lease liabilities		—		1,049,220		18,961		—			1,068,181
Other noncurrent liabilities		205,947		231,416		250,859		(421,966	)		266,256
Total liabilities		3,037,957		1,666,464		472,435		(421,966	)		4,754,890
Stockholders’ equity		1,169,531		4,127,190		8,224		(4,135,414	)		1,169,531
Total liabilities and stockholders’ equity	$	4,207,488	$	5,793,654	$	480,659	$	(4,557,380	)	$	5,924,421

Condensed Consolidating Statements of Income and Comprehensive Income

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2020


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,536,534		$	33,965		$	(1,643	)	$	1,568,856
Operating expenses
Direct advertising expenses ⁽¹⁾		—			533,803			25,501			(1,643	)		557,661
General and administrative expenses ⁽¹⁾		—			281,293			6,581			—			287,874
Corporate expenses ⁽¹⁾		—			69,478			979			—			70,457
Depreciation and amortization		—			249,299			1,997			—			251,296
(Gain) loss on disposition of assets		—			(9,036	)		10			—			(9,026	)
		—			1,124,837			35,068			(1,643	)		1,158,262
Operating income		—			411,697			(1,103	)		—			410,594
Loss on debt extinguishment		25,235			—			—			—			25,235
Equity in (earnings) loss of subsidiaries		(404,332	)		—			—			404,332			—
Interest expense (income), net		135,224			(175	)		1,777			—			136,826
Income (loss) before income tax expense		243,873			411,872			(2,880	)		(404,332	)		248,533
Income tax expense (benefit)⁽²⁾		—			5,203			(543	)		—			4,660
Net income (loss)	$	243,873		$	406,669		$	(2,337	)	$	(404,332	)	$	243,873

Statement of Comprehensive Income
Net income (loss)	$	243,873		$	406,669		$	(2,337	)	$	(404,332	)	$	243,873
Total other comprehensive income, net of tax		—			—			249			—			249
Total comprehensive income (loss)	$	243,873		$	406,669		$	(2,088	)	$	(404,332	)	$	244,122

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2019


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,709,691		$	46,804		$	(2,851	)	$	1,753,644
Operating expenses
Direct advertising expenses ⁽¹⁾		—			564,877			28,052			(2,851	)		590,078
General and administrative expenses ⁽¹⁾		—			310,813			7,567			—			318,380
Corporate expenses ⁽¹⁾		—			82,652			1,577			—			84,229
Depreciation and amortization		—			247,191			2,837			—			250,028
Gain on disposition of assets		—			(3,103	)		(4,138	)		—			(7,241	)
		—			1,202,430			35,895			(2,851	)		1,235,474
Operating income		—			507,261			10,909			—			518,170
Equity in (earnings) loss of subsidiaries		(517,516	)		—			—			517,516			—
Interest expense (income), net		144,976			(149	)		5,025			—			149,852
Income (loss) before income tax expense		372,540			507,410			5,884			(517,516	)		368,318
Income tax (benefit) expense ⁽²⁾		—			(7,360	)		3,138			—			(4,222	)
Net income (loss)	$	372,540		$	514,770		$	2,746		$	(517,516	)	$	372,540

Statement of Comprehensive Income
Net income (loss)	$	372,540		$	514,770		$	2,746		$	(517,516	)	$	372,540
Total other comprehensive income, net of tax		—			—			673			—			673
Total comprehensive income (loss)	$	372,540		$	514,770		$	3,419		$	(517,516	)	$	373,213

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	1,579,619		$	50,352		$	(2,749	)	$	1,627,222
Operating expenses
Direct advertising expenses ⁽¹⁾		—			537,269			27,307			(2,728	)		561,848
General and administrative expenses ⁽¹⁾		—			280,874			8,554			—			289,428
Corporate expenses ⁽¹⁾		—			80,861			1,636			—			82,497
Depreciation and amortization		—			219,341			5,920			—			225,261
(Gain) loss on disposition of assets		—			(576	)		7,809			—			7,233
		—			1,117,769			51,226			(2,728	)		1,166,267
Operating income (loss)		—			461,850			(874	)		(21	)		460,955
Equity in (earnings) loss of subsidiaries		(450,791	)		—			—			450,791			—
Interest expense (income), net		129,731			(99	)		(413	)		(21	)		129,198
Other expenses		15,429			—			—			—			15,429
Income (loss) before income tax expense		305,631			461,949			(461	)		(450,791	)		316,328
Income tax expense ⁽²⁾		—			7,879			2,818			—			10,697
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631

Statement of Comprehensive Income
Net income (loss)	$	305,631		$	454,070		$	(3,279	)	$	(450,791	)	$	305,631
Total other comprehensive loss, net of tax		—			—			(1,290	)		—			(1,290	)
Total comprehensive income (loss)	$	305,631		$	454,070		$	(4,569	)	$	(450,791	)	$	304,341

(1) Caption is exclusive of depreciation and amortization.
(2) The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2020


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	495,872		$	668,673		$	(5,639	)	$	(619,877	)	$	539,029
Cash flows from investing activities:
Capital expenditures		—			(56,772	)		(5,500	)		—			(62,272	)
Acquisitions		577			(46,161	)		—			—			(45,584	)
Proceeds from disposition of assets and investments		—			10,968			—			—			10,968
Investment in subsidiaries		(46,161	)		—			—			46,161			—
Increease in intercompany notes receivable		(60,183	)		—			—			60,183			—
Increase in notes receivable		—			—			—			—			—
Net cash (used in) provided by investing activities		(105,767	)		(91,965	)		(5,500	)		106,344			(96,888	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		725,000			—			—			—			725,000
Payment on revolving credit facility		(875,000	)		—			—			—			(875,000	)
Principal payments on long term debt		—			(9,112	)		—			—			(9,112	)
Borrowings on long term debt		—			8,750			—			—			8,750
Proceeds received from note offering		1,549,250			—			—			—			1,549,250
Redemption of senior notes and senior subordinated notes		(1,058,596	)		—			—			—			(1,058,596	)
Proceeds received from senior credit facility term loans		598,500			—			—			—			598,500
Payments on senior credit facility term loans		(978,097	)		—			—			—			(978,097	)
Payment on accounts receivable securitization program		—			—			(175,000	)		—			(175,000	)
Proceeds received from accounts receivable securitization program		—			—			122,500			—			122,500
Debt issuance costs		(32,950	)		—			—			—			(32,950	)
Intercompany loan proceeds		—			(9,176	)		69,359			(60,183	)		—
Distributions to non-controlling interest		—			—			(1,509	)		—			(1,509	)
Dividends (to) from parent		(262,437	)		(619,877	)		—			619,877			(262,437	)
Contributions from (to) parent		41,628			46,161			—			(46,161	)		41,628
Net cash (used in) provided by financing activities		(292,702	)		(583,254	)		15,350			513,533			(347,073	)
Effect of exchange rate changes in cash and cash equivalents		—			—			313			—			313
Net increase in cash and cash equivalents		97,403			(6,546	)		4,524			—			95,381
Cash and cash equivalents at beginning of period		13,185			8,278			4,225			—			25,688
Cash and cash equivalents at end of period	$	110,588		$	1,732		$	8,749		$	—		$	121,069

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2019


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	469,907		$	738,030		$	6,660		$	(609,657	)	$	604,940
Cash flows from investing activities:
Capital expenditures		—			(136,696	)		(4,260	)		—			(140,956	)
Acquisitions		—			(226,278	)		—			—			(226,278	)
Proceeds from disposition of assets and investments		—			5,438			—			—			5,438
Proceeds received from insurance claims		—			210			—			—			210
Investment in subsidiaries		(226,278	)		—			—			226,278			—
Decrease in intercompany notes receivable		3,787			—			—			(3,787	)		—
Increase in notes receivable		(448	)		—			—			—			(448	)
Net cash (used in) provided by investing activities		(222,939	)		(357,326	)		(4,260	)		222,491			(362,034	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		495,000			—			—			—			495,000
Payment on revolving credit facility		(625,000	)		—			—			—			(625,000	)
Principal payments on long-term debt		(34,471	)		—			—			—			(34,471	)
Proceeds received from accounts receivable securitization program		—			—			9,000			—			9,000
Payments on accounts receivable securitization program		—			—			(9,000	)		—			(9,000	)
Debt issuance costs		(4,463	)		—			—			—			(4,463	)
Proceeds received from note offering		255,000			—			—			—			255,000
Intercompany loan proceeds (payments)		—			(702	)		(3,085	)		3,787			—
Distributions to non-controlling interest		—			—			(621	)		—			(621	)
Dividends (to) from parent		(393,700	)		(609,657	)		—			609,657			(393,700	)
Contributions from (to) parent		69,822			226,278			—			(226,278	)		69,822
Net cash (used in) provided by financing activities		(237,812	)		(384,081	)		(3,706	)		387,166			(238,433	)
Effect of exchange rate changes in cash and cash equivalents		—			—			221			—			221
Net increase in cash and cash equivalents		9,156			(3,377	)		(1,085	)		—			4,694
Cash and cash equivalents at beginning of period		4,029			11,655			5,310			—			20,994
Cash and cash equivalents at end of period	$	13,185		$	8,278		$	4,225		$	—		$	25,688

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2018


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated

Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	430,896		$	689,718		$	(17,143	)	$	(566,386	)	$	537,085
Cash flows from investing activities:
Acquisitions		—			(477,389	)		—			—			(477,389	)
Capital expenditures		—			(113,259	)		(4,379	)		—			(117,638	)
Proceeds from disposition of assets and investments		—			3,839			2,809			—			6,648
Proceeds received from insurance claims		—			—			4,222			—			4,222
Investment in subsidiaries		(498,226	)		—			—			498,226			—
Decrease in intercompany notes receivable		30,034			—			—			(30,034	)		—
Decrease in notes receivable		9			—			—			—			9
Net cash (used in) provided by investing activities		(468,183	)		(586,809	)		2,652			468,192			(584,148	)
Cash flows from financing activities:
Proceeds received from revolving credit facility		563,000			—			—			—			563,000
Payment on revolving credit facility		(481,000	)		—			—			—			(481,000	)
Principal payments on long-term debt		(27,297	)		(31	)		—			—			(27,328	)
Proceeds received from senior credit facility term loans		599,250			—			—			—			599,250
Proceeds received from accounts receivable securitization program		—			—			175,000			—			175,000
Debt issuance costs		(7,616	)		—			—			—			(7,616	)
Redemption on senior subordinated notes		(509,790	)		—			—			—			(509,790	)
Intercompany loan proceeds (payments)		175,000			(24,688	)		(180,346	)		30,034			—
Distributions to non-controlling interest		—			—			(541	)		—			(541	)
Contributions from (to) parent		89,967			498,226			—			(498,226	)		89,967
Dividends (to) from parent		(446,744	)		(566,386	)		—			566,386			(446,744	)
Net cash (used in) provided by financing activities		(45,230	)		(92,879	)		(5,887	)		98,194			(45,802	)
Effect of exchange rate changes in cash and cash equivalents		—			—			(1,112	)		—			(1,112	)
Net increase in cash and cash equivalents		(82,517	)		10,030			(21,490	)		—			(93,977	)
Cash and cash equivalents at beginning of period		86,546			1,625			26,800			—			114,971
Cash and cash equivalents at end of period	$	4,029		$	11,655		$	5,310		$	—		$	20,994

XML 65 R52.htm IDEA: XBRL DOCUMENT

Description of the Business and Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) State Billboard Transit Reporting_Unit $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 USD ($) $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays \| Billboard	153,200
Number of states in which the company operates \| State	45
Number of states in which the company operates logo sign business \| State	23
Number of transit advertising displays \| Transit	47,700
Number of states in which the company operates transit advertising displays \| State	22
Number of reporting units \| Reporting_Unit	2
REIT threshold percentage of taxable income to be distributed to stockholders	90.00%
Dividends paid in current year declared in prior period			$ 81,534
Dividends paid in current year declared in prior period, per share \| $ / shares			$ 0.83
Dividends declared	$ 251,944	$ 384,817
Dividends declared, per share \| $ / shares	$ 2.50	$ 3.84	$ 3.65
Distributions accrued, preferred stockholders				$ 91
Distributions accrued, preferred stockholders, per share \| $ / shares				$ 15.95
Distributions paid, preferred stockholders	$ 365	$ 365	$ 456
Distributions paid, preferred stockholders, per share \| $ / shares	$ 63.80	$ 63.80	$ 79.75
The number of dilutive shares excluded from calculation of basic earnings per share resulting from the anti-dilutive effect for stock options \| shares	0	0	0
Non cash compensation expense	$ 18,772	$ 29,647	$ 29,443
Investment maturity period	three months or less
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of advertising displays \| Billboard	153,200
Number of states in which the company operates \| State	45
Number of states in which the company operates logo sign business \| State	23
Non cash compensation expense	$ 18,772	29,647	29,443
Stock Options and Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	4,249
Performance-Based Stock Incentive Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	12,602
Non-Performance Restricted Stock Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	1,451
Restricted Stock Awards to Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non cash compensation expense	470
Taxable Income Distribution [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Distributions paid	$ 251,944	$ 384,817	$ 442,632
Distributions paid, per share \| $ / shares	$ 2.50	$ 3.84	$ 4.48
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	2 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated useful lives of Intangible assets	15 years

XML 66 R53.htm IDEA: XBRL DOCUMENT

Description of the Business and Significant Accounting Policies - Revenue and Expense Recognized for Advertising Barter Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Net revenues	$ 8,088	$ 9,636	$ 8,955
Direct advertising expenses	3,971	3,982	3,633
General and administrative expenses	$ 3,144	$ 4,986	$ 4,758

XML 67 R54.htm IDEA: XBRL DOCUMENT

Revenues - Additional Information (Details) - ASC 606 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Direct Advertising Expenses (Exclusive of Depreciation and Amortization) [Member]
Capitalized Contract Cost [Line Items]
Contract cost expense net	$ 23,085	$ 15,734
Other Current Assets [Member]
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net current	$ 22,698	$ 24,920

XML 68 R55.htm IDEA: XBRL DOCUMENT

Revenues - Disaggregation Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation Of Revenue [Line Items]
Net revenues	$ 428,525	$ 386,110	$ 347,652	$ 406,569	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 1,568,856	$ 1,753,644	$ 1,627,222
Billboard Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									1,403,239	1,537,542	1,412,978
Logo Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									82,944	84,201	84,424
Transit Advertising [Member]
Disaggregation Of Revenue [Line Items]
Net revenues									$ 82,673	$ 131,901	$ 129,820

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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XML 69 R56.htm IDEA: XBRL DOCUMENT

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	$ 46,160
Purchase price, cash	45,584
Purchase price, non cash consideration	576
Portion of acquired intangible assets assigned to goodwill	1,912,328	$ 1,912,274
2020 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets	$ 46,160
Weighted average useful life	14 years
Aggregate amortization expense related to acquisition	$ 1,356
2020 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Weighted average useful life	7 years
Total acquired intangible assets	$ 3,979
2020 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Weighted average useful life	15 years
Total acquired intangible assets	$ 27,902
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets		226,278
Total purchase price of outdoor advertising assets		$ 227,588
Weighted average useful life		14 years
Aggregate amortization expense related to acquisition		$ 7,570
Cash acquired in acquisitions		1,508
Total acquired intangible assets		187,711
Portion of acquired intangible assets assigned to goodwill		29,360
Amount deductible for tax purposes		0
Total acquired intangible assets		$ 158,351
2019 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Weighted average useful life		7 years
Total acquired intangible assets		$ 23,032
2019 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Weighted average useful life		15 years
Total acquired intangible assets		$ 131,208
Fairway Outdoor Advertising [Member]
Business Acquisition [Line Items]
Post-closing adjustments to acquired working capital related to purchase		1,310
Portion of acquired assets assigned to property, plant and equipment		96,840
Portion of acquired assets assigned to intangibles		188,400
Portion of acquired assets assigned to intangibles		145,534
Reduction to preliminary purchase price allocation of goodwill		36,583
Income tax benefit recorded in deferred tax liabilities		17,031
July 15, 2019 Acquisitions [Member]
Business Acquisition [Line Items]
Total purchase price of outdoor advertising assets		$ 127,000

XML 70 R57.htm IDEA: XBRL DOCUMENT

Acquisitions - Summary of Allocation of Purchase Price/Acquisition Costs (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,912,328	$ 1,912,274
2020 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment	13,376
Asset acquisition costs	154
Current assets	3
Current liabilities	(295)
Operating right of use assets	7,269
Operating lease liabilities	(6,368)
Total	46,160
2020 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	27,902
2020 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	140
2020 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets	$ 3,979
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Property, plant and equipment		37,988
Asset acquisition costs		756
Goodwill		29,360
Current assets		1,860
Current liabilities		(832)
Operating right of use assets		23,934
Operating lease liabilities		(21,573)
Other liabilities		(1,500)
Total		227,588
2019 Acquisitions [Member] \| Site Locations [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		131,208
2019 Acquisitions [Member] \| Non-competition Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		240
2019 Acquisitions [Member] \| Customer Lists and Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		23,032
2019 Acquisitions [Member] \| Other Intangibles [Member]
Business Acquisition [Line Items]
Finite lived intangible assets		$ 3,115

XML 71 R58.htm IDEA: XBRL DOCUMENT

Acquisitions - Summary of Unaudited Pro Forma Financial Information (Detail) - 2019 Acquisitions [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Net revenues	$ 1,764,493	$ 1,724,821
Net income applicable to common stock	$ 369,300	$ 292,012
Net income per common share — basic	$ 3.69	$ 2.96
Net income per common share — diluted	$ 3.68	$ 2.95

XML 72 R59.htm IDEA: XBRL DOCUMENT

Non-cash Financing and Investing Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Non-cash investing activities		$ 0
Non cash financing activities related to financing lease liabilities	$ 19,891,000
Non-cash financing activity		$ 0	$ 0
Common Class A [Member]
Supplemental Disclosure Of Non Cash Investing And Financing Information [Line Items]
Issuance of shares related to acquisition			163,137
Issuance of shares related to acquisition, value			$ 12,282,000

XML 73 R60.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment - Summary of Major Categories of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,615,505	$ 3,660,311
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 413,257	406,884
Land [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Land [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	0 years
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 187,921	181,797
Building and Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	10 years
Building and Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	39 years
Advertising Structures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 2,880,521	2,926,706
Advertising Structures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	5 years
Advertising Structures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	15 years
Automotive and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 133,806	$ 144,924
Automotive and Other Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	3 years
Automotive and Other Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, Estimated life	7 years

XML 74 R61.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,174,658	$ 3,142,112
Accumulated Amortization	2,260,212	2,149,868
Goodwill gross carrying amount	2,165,864	2,165,810	$ 2,172,922
Goodwill accumulated amortization	253,536	253,536
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,174,112	3,141,566
Accumulated Amortization	2,260,134	2,149,790
Goodwill gross carrying amount	2,154,844	2,154,790	$ 2,161,902
Goodwill accumulated amortization	$ 252,667	252,667
Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Customer Lists and Contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 645,739	641,714
Accumulated Amortization	563,135	539,405
Customer Lists and Contracts [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	645,739	641,714
Accumulated Amortization	$ 563,135	539,405
Customer Lists and Contracts [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	7 years
Customer Lists and Contracts [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Customer Lists and Contracts [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years
Non-competition Agreements [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 66,156	66,014
Accumulated Amortization	64,647	64,379
Non-competition Agreements [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	66,156	66,014
Accumulated Amortization	$ 64,647	64,379
Non-competition Agreements [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years
Non-competition Agreements [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Non-competition Agreements [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Site Locations [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Gross Carrying Amount	$ 2,412,745	2,384,520
Accumulated Amortization	1,593,805	1,509,335
Site Locations [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,412,745	2,384,520
Accumulated Amortization	$ 1,593,805	1,509,335
Site Locations [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other Intangibles [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 50,018	49,864
Accumulated Amortization	38,625	36,749
Other Intangibles [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	49,472	49,318
Accumulated Amortization	$ 38,547	$ 36,671
Other Intangibles [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Other Intangibles [Member] \| Minimum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	2 years
Other Intangibles [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years
Other Intangibles [Member] \| Maximum [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Life (Years)	15 years

XML 75 R62.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets - Summary of Changes in Gross Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, beginning balance	$ 2,165,810	$ 2,172,922
Goodwill acquired during the year		29,360
Purchase price adjustments and other	54	(36,472)
Impairment losses		0
Goodwill, ending balance	2,165,864	2,165,810
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Goodwill [Line Items]
Goodwill, beginning balance	2,154,790	2,161,902
Goodwill acquired during the year		29,360
Purchase price adjustments and other	54	(36,472)
Impairment losses		0
Goodwill, ending balance	$ 2,154,844	$ 2,154,790

XML 76 R63.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 110,201	$ 113,679	$ 95,010

XML 77 R64.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
2021	$ 106,816
2022	101,964
2023	91,133
2024	87,320
2025	83,959
Thereafter	443,254
Total	$ 914,446	$ 992,244

XML 78 R65.htm IDEA: XBRL DOCUMENT

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Lessee Lease Description [Line Items]
Base operating lease, cost	$ 298,135	$ 312,883
Variable operating lease, cost	69,242	76,492
Operating lease, cost	367,377	389,375	$ 381,890
Gain on disposition of assets	9,026	7,241	(7,233)
Operating lease, cash payments	286,575	316,527
Direct advertising expenses (exclusive of depreciation and amortization)	$ 557,661	590,078	$ 561,848
Operating lease, weighted average remaining lease term	11 years 9 months 18 days
Operating lease, weighted average discount rate	4.70%
Leased assets obtained in exchange for operating lease liability	$ 25,264
Right-of-Use asset obtained in exchange for finance lease liability	$ 19,891
Finance lease, liability		0
Finance lease, weighted average remaining lease term	6 years 10 months 24 days
Finance lease, weighted average discount rate, percent	3.10%
Finance lease amortization	$ 222
Interest expenses	47
Advertising [Member]
Lessee Lease Description [Line Items]
Direct advertising expenses (exclusive of depreciation and amortization)	4,953	4,691
Termination of Lease Agreements [Member]
Lessee Lease Description [Line Items]
Gain on disposition of assets	$ 451	$ 4,061

XML 79 R66.htm IDEA: XBRL DOCUMENT

Leases - Summary of Maturities of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2021	$ 228,135
2022	182,214
2023	162,163
2024	145,750
2025	122,384
Thereafter	757,576
Total undiscounted operating lease payments	1,598,222
Less: Imputed interest	(409,007)
Total operating lease liabilities	$ 1,189,215

XML 80 R67.htm IDEA: XBRL DOCUMENT

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	$ 17,034	$ 20,223
Interest	33,583	32,734
Insurance benefits	12,499	11,554
Accrued variable lease and contract expense	19,274	12,559
Stock-based compensation	11,589	23,297
Other	11,309	6,858
Total	105,288	107,225
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Accounts Payable And Accrued Liabilities Current [Line Items]
Payroll	17,034	20,223
Interest	33,583	32,734
Accrued variable lease and contract expense	19,274	12,559
Stock-based compensation	11,589	23,297
Other	16,998	12,453
Total	$ 98,478	$ 101,266

XML 81 R68.htm IDEA: XBRL DOCUMENT

Long-term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt	$ 2,926,633	$ 3,004,532
Debt, Less current maturities	(122,879)	(232,595)
Debt, excluding current maturities	2,803,754	2,771,937
Deferred financing costs	40,117	24,414
Deferred financing costs, Less current maturities	(445)	(6,081)
Deferred financing costs, excluding current maturities	39,672	18,333
Debt, net of deferred financing costs	2,886,516	2,980,118
Debt, net of deferred financing costs, Less current maturities	(122,434)	(226,514)
Long-term debt, net of deferred financing costs	2,764,082	2,753,604
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	2,926,633	3,004,532
Debt, Less current maturities	(122,879)	(232,595)
Debt, excluding current maturities	2,803,754	2,771,937
Deferred financing costs	40,117	24,414
Deferred financing costs, Less current maturities	(445)	(6,081)
Deferred financing costs, excluding current maturities	39,672	18,333
Debt, net of deferred financing costs	2,886,516	2,980,118
Debt, net of deferred financing costs, Less current maturities	(122,434)	(226,514)
Long-term debt, net of deferred financing costs	2,764,082	2,753,604
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt	598,466	1,127,069
Deferred financing costs	11,569	9,077
Debt, net of deferred financing costs	586,897	1,117,992
Senior Credit Facility [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	598,466	1,127,069
Deferred financing costs	11,569	9,077
Debt, net of deferred financing costs	586,897	1,117,992
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Debt	122,500	175,000
Deferred financing costs	445	846
Debt, net of deferred financing costs	122,055	174,154
Accounts Receivable Securitization Program [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	122,500	175,000
Deferred financing costs	445	846
Debt, net of deferred financing costs	122,055	174,154
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt		535,000
Deferred financing costs		3,237
Debt, net of deferred financing costs		531,763
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt		535,000
Deferred financing costs		3,237
Debt, net of deferred financing costs		531,763
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt		510,000
Deferred financing costs		3,502
Debt, net of deferred financing costs		506,498
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt		510,000
Deferred financing costs		3,502
Debt, net of deferred financing costs		506,498
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	600,000
Deferred financing costs	8,031
Debt, net of deferred financing costs	591,969
3 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	600,000
Deferred financing costs	8,031
Debt, net of deferred financing costs	591,969
4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	549,280
Deferred financing costs	7,911
Debt, net of deferred financing costs	541,369
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,586
Debt, net of deferred financing costs	394,414
4 7/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	400,000
Deferred financing costs	5,586
Debt, net of deferred financing costs	394,414
Other Notes with Various Rates and Terms [Member]
Debt Instrument [Line Items]
Debt	2,756	3,118
Debt, net of deferred financing costs	2,756	3,118
Other Notes with Various Rates and Terms [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	2,756	3,118
Debt, net of deferred financing costs	2,756	3,118
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt	653,631	654,345
Deferred financing costs	6,575	7,752
Debt, net of deferred financing costs	647,056	646,593
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	653,631	654,345
Deferred financing costs	6,575	7,752
Debt, net of deferred financing costs	647,056	$ 646,593
4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt	549,280
Deferred financing costs	7,911
Debt, net of deferred financing costs	$ 541,369

XML 82 R69.htm IDEA: XBRL DOCUMENT

Long-term Debt - Long-Term Debt (Parenthetical) (Detail)	Dec. 31, 2020	Feb. 06, 2020	Dec. 31, 2019	Jan. 28, 2016	Jan. 10, 2014	Oct. 30, 2012
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	3.75%	3.75%
3 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	3.75%
4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.00%	4.00%
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.875%
4 7/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.875%
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%		5.75%	5.75%
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	5.75%		5.75%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes			5.00%			5.00%
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes			5.00%
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate on senior notes			5.375%		5.375%
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes			5.375%
4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Interest rate on senior notes	4.00%

XML 83 R70.htm IDEA: XBRL DOCUMENT

Long-term Debt - Summary of Long-Term Debt Contractual Maturities (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Debt [Member]
Debt Instrument [Line Items]
2021	$ 122,879
2022	362
2023	381
2024	400
2025	420
Later years	2,802,191
Debt [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2021	122,879
2022	362
2023	381
2024	400
2025	420
Later years	2,802,191
Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2021	445
2025	4,464
Later years	35,208
Deferred Financing Costs [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2021	445
2025	4,464
Later years	35,208
Debt Net of Deferred Financing Costs [Member]
Debt Instrument [Line Items]
2021	122,434
2022	362
2023	381
2024	400
2025	(4,044)
Later years	2,766,983
Debt Net of Deferred Financing Costs [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
2021	122,434
2022	362
2023	381
2024	400
2025	(4,044)
Later years	$ 2,766,983

XML 84 R71.htm IDEA: XBRL DOCUMENT

Long-term Debt - Additional Information (Detail)															12 Months Ended
Long-term Debt - Additional Information (Detail)	Feb. 03, 2021	Oct. 23, 2020	Sep. 16, 2020 USD ($)	Aug. 31, 2020 USD ($)	Aug. 19, 2020 USD ($)	May 13, 2020 USD ($)	Feb. 20, 2020	Feb. 06, 2020 USD ($)	Feb. 06, 2020 USD ($)	Feb. 01, 2019 USD ($)	Dec. 18, 2018 USD ($)	Jan. 28, 2016 USD ($)	Jan. 10, 2014 USD ($)	Oct. 30, 2012 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2018 USD ($)	Jan. 22, 2021	Mar. 16, 2020 USD ($)	Dec. 31, 2019 USD ($)	Mar. 16, 2018
Debt Instrument [Line Items]
Debt instrument description								On February 6, 2020, Lamar Media entered into a Fourth Amended and Restated Credit Agreement (the “Fourth Amended and Restated Credit Agreement”) with certain of Lamar Media’s subsidiaries as guarantors, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto, under which the parties agreed to amend and restate Lamar Media’s existing senior credit facility. The Fourth Amended and Restated Credit Agreement amended and restated the Third Amended and Restated Credit Agreement dated as of May 15, 2017, as amended (the “Third Amended and Restated Credit Agreement”).
Proceeds received from senior credit facility term loans															$ 598,500,000	$ 599,250,000
Loss on debt extinguishment															25,235,000	15,429,000
Outstanding revolving credit facility															0
Remaining borrowing capacity under revolving credit facility															736,030,000
Aggregate principal amount of debt issued															2,926,633,000
Debt instrument outstanding amount															2,926,633,000				$ 3,004,532,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding balance															13,970,000
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Proceeds received from senior credit facility term loans															598,500,000	599,250,000
Loss on debt extinguishment															25,235,000	$ 15,429,000
Debt instrument outstanding amount															2,926,633,000				3,004,532,000
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Loss on debt extinguishment															$ 5,608,000
3 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								3.75%	3.75%						3.75%
Debt instrument outstanding amount															$ 600,000,000
Redeemed percentage of aggregate principal amount									103.75%
Redemption percentage of aggregate principal amount of senior notes									40.00%
Redemption percentage of issued notes which remain outstanding									60.00%
3 3/4% Senior Notes [Member] \| Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount									100.00%
Redemption price percentage of the principal amount to be purchased									101.00%
3 3/4% Senior Notes [Member] \| Private Placement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								3.75%	3.75%
Aggregate principal amount of debt issued								$ 600,000,000	$ 600,000,000
Net proceeds form the issuance of debt									$ 592,500,000
3 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															3.75%
Debt instrument outstanding amount															$ 600,000,000
4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								4.00%	4.00%						4.00%
Debt instrument outstanding amount															$ 549,280,000
Redemption price percentage of the principal amount to be purchased									101.00%
4% Senior Notes [Member] \| Prior to February 1, 2021 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount									100.00%
4% Senior Notes [Member] \| Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount									104.00%
Redemption percentage of aggregate principal amount of senior notes									40.00%
Redemption percentage of issued notes which remain outstanding									60.00%
4% Senior Notes [Member] \| Private Placement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					4.00%			4.00%	4.00%
Aggregate principal amount of debt issued					$ 150,000,000			$ 400,000,000	$ 400,000,000
Net proceeds form the issuance of debt					$ 146,900,000				395,000,000
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Debt instrument maturity date											Dec. 17, 2021
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
Number of days sales outstanding															65
Percentage of commitment to maintain minimum borrowings		70.00%													50.00%
Minimum Funding Threshold		requires the Special Purpose Subsidiaries to maintain minimum borrowings under the Accounts Receivable Securitization Program on any day equal to the lesser of (i) 70.00% of the aggregate Commitment of all Lenders or (ii) the Borrowing Base, though the Special Purpose Subsidiaries had the right to borrow less than the Minimum Funding Threshold during certain periods prior to December 21, 2020 at their election.													requires the Special Purpose Subsidiaries to maintain minimum borrowings under the
Delinquency ratio		13.00%
Dilution ratio		5.00%
Debt instrument outstanding amount															$ 122,500,000				175,000,000
Accounts Receivable Securitization Program [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt instrument outstanding amount															122,500,000				$ 175,000,000
Available borrowing on accounts receivable securitization															52,500,000
Accounts Receivable Securitization Program [Member] \| For Up To Two Additional Periods [Member]
Debt Instrument [Line Items]
Delinquency ratio		16.00%
5% Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage														5.00%					5.00%
Loss on debt extinguishment															7,051,000
Aggregate principal amount of debt issued														$ 535,000,000
Debt instrument outstanding amount																			$ 535,000,000
Net proceeds form the issuance of debt														$ 527,100,000
Debt Instrument Redemption Amount			$ 267,500,000	$ 267,500,000
Redeemed percentage of aggregate principal amount			100.833%	100.833%
Loss on debt extinguishment on cash															4,456,000
5% Senior Subordinated Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																			5.00%
Debt instrument outstanding amount																			$ 535,000,000
5 3/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage													5.375%						5.375%
Loss on debt extinguishment															12,576,000
Aggregate principal amount of debt issued													$ 510,000,000
Debt instrument outstanding amount																			$ 510,000,000
Net proceeds form the issuance of debt													$ 502,300,000
Redeemed percentage of aggregate principal amount							101.792%
Loss on debt extinguishment on cash															$ 9,139,000
Redemption, description							Lamar Media used the proceeds from the 4% Senior Notes (defined below) and 3 3/4% Senior Notes (defined below) to redeem in full all of the 5 3/8% Notes on February 20, 2020 at a redemption price of 101.792% of the aggregate principal amounts of the outstanding 5 3/8% Notes, plus accrued and unpaid interest up to but not including the redemption date
5 3/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																			5.375%
Debt instrument outstanding amount																			$ 510,000,000
5 3/4% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage												5.75%			5.75%				5.75%
Aggregate principal amount of debt issued												$ 400,000,000
Debt instrument outstanding amount															$ 653,631,000				$ 654,345,000
Net proceeds form the issuance of debt												$ 394,500,000
Redemption price percentage of the principal amount to be purchased										101.00%
5 3/4% Senior Notes [Member] \| Subsequent Event
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																	5.75%
Subsequent Event, Description	On February 3, 2021, the Company subsequently redeemed in full all outstanding 5 3/4% Senior Notes
5 3/4% Senior Notes [Member] \| Prior to February 1, 2021 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount										100.00%
5 3/4% Senior Notes [Member] \| Private Placement [Member]
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
5 3/4% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															5.75%				5.75%
Debt instrument outstanding amount															$ 653,631,000				$ 654,345,000
4 7/8% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															4.875%
Debt instrument outstanding amount															$ 400,000,000
Redeemed percentage of aggregate principal amount						104.875%
Redemption percentage of aggregate principal amount of senior notes						40.00%
Redemption percentage of issued notes which remain outstanding						60.00%
4 7/8% Senior Notes [Member] \| Prior to February 15, 2023 [Member]
Debt Instrument [Line Items]
Redeemed percentage of aggregate principal amount						100.00%
Redemption price percentage of the principal amount to be purchased						101.00%
4 7/8% Senior Notes [Member] \| Private Placement [Member]
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
4 7/8% Senior Notes [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															4.875%
Debt instrument outstanding amount															$ 400,000,000
Senior or Senior Subordinated Notes and other Indebtedness [Member] \| Debt Instrument Repurchase Program [Member]
Debt Instrument [Line Items]
Debt repurchase program, authorized amount																		$ 250,000,000
Debt instrument repurchase expiry date															Sep. 30, 2021
Debt instrument repurchased under the program															$ 0
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility								$ 750,000,000	750,000,000
Debt instrument maturity date								Feb. 06, 2025
Term B Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing limit of incremental loan facility								$ 600,000,000	$ 600,000,000
Debt instrument maturity date								Feb. 06, 2027
Proceeds received from senior credit facility term loans								$ 600,000,000
Term B Loan Facility [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate								1.50%
Term B Loan Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Adjusted Rate								0.50%
Revolving Credit Facility [Member] \| LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Debt Instrument [Line Items]
Debt instrument maturity date															Feb. 06, 2025
Revolving Credit Facility [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Secured debt ratio																				3.25
Adjusted Rate								1.50%
Ratio of indebtedness to net capital minimum								1
Revolving Credit Facility [Member] \| LIBO Rate [Member] \| Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate								1.25%
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Secured debt ratio																				3.25
Adjusted Rate								0.50%
Ratio of indebtedness to net capital minimum								1
Revolving Credit Facility [Member] \| Base Rate [Member] \| Debt Ratio Less Than Four Point Two Five [Member]
Debt Instrument [Line Items]
Adjusted Rate								0.25%
Revolving Credit Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Secured debt ratio								4.50	4.50

XML 85 R72.htm IDEA: XBRL DOCUMENT

Asset Retirement Obligation - Information Related to Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Beginning Balance	$ 226,137	$ 222,989
Additions to asset retirement obligations	658	2,529
Accretion expense	4,135	4,260
Liabilities settled	(8,054)	(3,641)
Ending Balance	$ 222,876	$ 226,137

XML 86 R73.htm IDEA: XBRL DOCUMENT

Depreciation and Amortization - Depreciation and Amortization Expense Excluded from Operating Expenses in its Consolidated Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 251,296	$ 250,028	$ 225,261
Direct Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	236,054	235,544	212,585
General and Administrative Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	4,996	4,416	4,134
Corporate Expenses [Member]
Depreciation and Amortization Expense [Line Items]
Depreciation and amortization	$ 10,246	$ 10,068	$ 8,542

XML 87 R74.htm IDEA: XBRL DOCUMENT

Income Taxes - Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S. federal, Current	$ 2,997	$ 6,045	$ 4,952
State and local, Current	1,940	2,699	2,615
Foreign, Current	520	1,164	1,592
Total Current	5,457	9,908	9,159
U.S. federal, Deferred	(45)	(13,450)	435
State and local, Deferred	311	(2,654)	(123)
Foreign, Deferred	(1,063)	1,974	1,226
Total, Deferred	(797)	(14,130)	1,538
U.S. federal, Total	2,952	(7,405)	5,387
State and local, Total	2,251	45	2,492
Foreign, Total	(543)	3,138	2,818
Income tax expense	$ 4,660	$ (4,222)	$ 10,697

XML 88 R75.htm IDEA: XBRL DOCUMENT

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax [Line Items]
Income taxes payable	$ 4,707,000	$ 384,000
Income tax rate	21.00%	21.00%	21.00%
Remaining minimum tax credit carryforward, cash benefit	$ 2,054,000
Net change in total state valuation allowance	2,226,000	$ 1,032,000
Valuation allowance for deferred tax assets	20,997,000	22,902,000
Undistributed earnings of subsidiaries	21,126,000
Deferred tax liabilities foreign withholding taxes	1,056,000	1,191,000
Current income tax expense (benefit) related to current period earnings	152,000
Unrecognized tax benefits	4,966,000	4,450,000	$ 3,207,000
Income tax penalties and interest expense	173,000	334,000
Expect to decrease in unrecognized tax benefits in next twelve months	1,340,000
State and Local Jurisdiction [Member]
Income Tax [Line Items]
Net operating loss carry forwards	991,054,000
Amounts of credits available to offset income tax	117,000
Valuation allowance for deferred tax assets	321,000	0
Net change in total state valuation allowance	320,000	0
Foreign Tax Authority
Income Tax [Line Items]
Net operating loss carry forwards	44,207,000
Amounts of credits available to offset income tax	$ 179,000
Earliest Tax Year [Member] \| Foreign Tax Authority
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2021
Latest Tax Year [Member] \| Foreign Tax Authority
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2029
US [Member]
Income Tax [Line Items]
Net operating loss carry forwards	$ 236,584,000
Amounts of credits available to offset income tax	$ 1,205,000
US [Member] \| Earliest Tax Year [Member]
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2027
US [Member] \| Latest Tax Year [Member]
Income Tax [Line Items]
Operating loss carryforwards expiration start year	2037
Internal Revenue Service IRS [Member]
Income Tax [Line Items]
Net operating loss carry forwards	$ 38,250,000
Puerto Rico Corporate [Member]
Income Tax [Line Items]
Valuation allowance for deferred tax assets	$ 20,676,000	$ 22,902,000

XML 89 R76.htm IDEA: XBRL DOCUMENT

Income Taxes - U.S. and Foreign Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S.	$ 249,714	$ 357,445	$ 317,695
Foreign	(1,668)	10,444	(1,766)
Income before income tax expense (benefit)	$ 248,046	$ 367,889	$ 315,929

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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XML 90 R77.htm IDEA: XBRL DOCUMENT

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense at U.S. federal statutory rate	$ 52,090	$ 77,257	$ 66,345
Tax adjustment related to REIT	(50,395)	(70,619)	(63,669)
State and local income taxes, net of federal income tax benefit	1,222	2,039	1,461
Book expenses not deductible for tax purposes	3,156	4,144	1,926
Stock-based compensation	(2,033)	(1,177)	1,090
Valuation allowance	(1,031)	(1,032)	3,813
Rate change	(182)		(80)
Undistributed earnings of foreign subsidiaries	(78)	(102)	(393)
Deferred tax adjustment due to REIT conversion		(17,031)
Other differences, net	1,911	2,299	204
Income tax expense	$ 4,660	$ (4,222)	$ 10,697

XML 91 R78.htm IDEA: XBRL DOCUMENT

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Tax adjustment related dividend paid deduction	$ 52,985	$ 76,688	$ 69,818
Valuation allowance	$ (1,031)	$ (1,032)	$ 3,813
Income tax rate	21.00%	21.00%	21.00%
Rate change	$ (182)		$ (80)
Recognized a deferred tax charge for future foreign withholding taxes related to undistributed earnings	(78)	$ (102)	(393)
Deferred tax adjustment due to REIT conversion		(17,031)
Puerto Rico Corporate [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Rate change	$ (182)
Puerto Rico Corporate [Member] \| Maximum [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax rate	39.00%
Puerto Rico Corporate [Member] \| Minimum [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Income tax rate	37.50%
Puerto Rico [Member]
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
Valuation allowance	$ (1,031)	$ (1,032)	$ 3,813

XML 92 R79.htm IDEA: XBRL DOCUMENT

Income Taxes - Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for doubtful accounts	$ 328	$ 499
Accrued liabilities not deducted for tax purposes	3,358	3,431
Net operating loss carry forwards	18,803	19,522
Tax credit carry forwards	693	1,140
Charitable contributions carry forward	4	5
Investment in partnerships	367	382
Gross deferred tax assets	23,553	24,979
Less: valuation allowance	(20,997)	(22,902)
Net deferred tax assets	2,556	2,077
Deferred tax liabilities:
Intangibles	(5,443)	(5,898)
Property, plant and equipment	(911)	(701)
Undistributed earnings of foreign subsidiaries	(1,056)	(1,191)
Gross deferred tax liabilities	(7,410)	(7,790)
Net deferred tax liabilities	$ (4,854)	$ (5,713)

XML 93 R80.htm IDEA: XBRL DOCUMENT

Income Taxes - Reconciliation Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Beginning balance	$ 4,450	$ 3,207
Additions for tax positions related to current year	862	974
Additions for tax positions related to prior years	667	386
Lapse of statute of limitations	(1,013)	(117)
Ending balance	$ 4,966	$ 4,450

XML 94 R81.htm IDEA: XBRL DOCUMENT

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Receivables from employees and executive officers	$ 0	$ 0
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Related Party Transaction [Line Items]
Amount payable to parent company	3,928,000	4,779,000
Amount contributed to affiliate	$ 41,628,000	69,822,000
Sean E. Reilly and Kevin P. Reilly, Jr. [Member] \| RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	100.00%
Chief Executive Officer, Chairman of Board of Directors, President and Families [Member] \| RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	89.00%
EATEL CORP, LLC [Member] \| RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Aggregate amount paid on backup-recovery services	$ 311,000	302,000
Advertising services aggregate amount	$ 134,000	$ 137,000
Reilly Family, LLC [Member] \| RTC Holdings, LLC [Member]
Related Party Transaction [Line Items]
Ownership interest in limited liability company	11.00%

XML 95 R82.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 16, 1999	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 16, 2020	May 01, 2018
Class of Stock [Line Items]
Liquidation value of outstanding preferred stock		$ 3,649
Preferred stock voting right		Series AA preferred stock is entitled to one vote per share.
Class B common stock voting rights		holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class A common stock have one vote per share on such matters.
Shares issued			266,410	576,002
Shelf Registration [Member]
Class of Stock [Line Items]
Shares issued		0	0
Series AA Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	5,720	5,720	5,720
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Dividends paid to preferred stock	15.95
Amount entitled	$ 638
Preferred Class A [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock, par value		$ 0.001	$ 0.001			$ 0.001
Issuance of shares related to acquisition				163,137
Common Class A [Member] \| Stock Repurchase Program [Member]
Class of Stock [Line Items]
Stock repurchase program, authorized amount					$ 250,000
Stock repurchase program expiry date		Sep. 30, 2021
Stock repurchased during period		$ 0
Common Class A [Member] \| Equity Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, shares sold		842,412
Common stock, shares available to be sold		$ 336,668
Common Class A [Member] \| Maximum [Member]
Class of Stock [Line Items]
Aggregate offering price of common stock issuable						$ 400,000

XML 96 R83.htm IDEA: XBRL DOCUMENT

Stock Compensation Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting terms	vesting terms ranging from three to five years which primarily includes 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
Period of graded vesting for option valuation	4 years
Period of cliff vesting for option valuation	5 years
Expected dividend yield	5.00%	5.00%	5.00%
Total unrecognized compensation cost related to nonvested awards	$ 2,544
Weighted average number of years over which compensation cost related to nonvested awards is expected to be recognized	1 year 7 months 13 days
Shares available for future stock option and restricted share grants to employees and directors under existing plans	2,435,451
Aggregate intrinsic value of options outstanding	$ 13,824
Aggregate intrinsic value of options exercisable	11,927
Total intrinsic value of options exercised	1,644
Accrued expenses, liability	$ 11,589	$ 23,297
Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected Volatility	90.00%
Volatility rate on publicly traded options	10.00%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	5 years
1996 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance to directors and employees	17,500,000
1996 Equity Incentive Plan [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	0.00%
1996 Equity Incentive Plan [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of awards of target number of share	100.00%
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	86,093
Performance Based Compensation [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense related to performance based compensation agreements	$ 10,484
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date of options granted under equity incentive plan	10 years

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Stock Compensation Plans - Weighted Average Fair Value of Options Granted (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Dividend Yield	5.00%	5.00%	5.00%
Expected Volatility	45.00%	46.00%	46.00%
Risk Free Interest Rate	2.00%	2.00%	2.00%
Expected Lives	6 years	6 years	6 years

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Stock Compensation Plans - Stock Option Transactions Under Various Stock-Based Employee Compensation Plans (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding, Beginning Balance, Shares	608,375
Granted, Shares	63,500
Exercised, Shares	(61,949)	(340,684)	(361,618)
Expired, Shares	(11,000)
Outstanding, Ending Balance, Shares	598,926	608,375
Exercisable, Ending Balance, Shares	422,626
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 57.97
Granted, Weighted Average Exercise Price	71.91
Exercised, Weighted-Average Exercise Price	50.66
Expired, Weighted Average Exercise Price	50.81
Outstanding, Ending Balance, Weighted Average Exercise Price	60.34	$ 57.97
Exercisable, Ending Balance, Weighted Average Exercise Price	$ 55.06
Outstanding, Ending balance, Weighted Average Remaining Contractual Term	5 years 5 months 1 day
Exercisable, Ending Balance, Weighted Average Remaining Contractual Term	4 years 3 months

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Stock Compensation Plans - Summary of ESPP Share Activity (Detail) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Purchases	(154,756)	(129,972)	(126,012)
Available for future purchases, December 31, 2020	2,435,451
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	86,093
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Available for future purchases, January 1, 2020	438,434
Purchases	(154,756)
Available for future purchases, December 31, 2020	369,771	438,434
Employee Stock Purchase Plan [Member] \| 2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional shares reserved	86,093

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Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employees eligibility	completed one year of service and are at least 21 years of age
Minimum years of service required to participate in Company sponsored saving and profit sharing plan	1 year
Minimum age required to participate in Company sponsored saving and profit sharing plan	21 years
Employers contribution and compensation	match 50% of employees’ contributions up to 5% of eligible compensation
Employers contribution as percentage of employees contribution	50.00%
Employers contribution as percentage of employees compensation	5.00%
Employees contribution limit	100.00%
Fully vesting period of contribution	3 years
Minimum age for entitlement to benefit of deferred compensation plan	30 years
Minimum years of experience to attain the benefit of deferred compensation plan	10 years
Deferred compensation arrangement with individual employees contribution minimum	$ 3,000
Deferred compensation arrangement with individual employees contribution maximum	8,000
Deferred Profit Sharing [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	5,714,000	$ 5,688,000	$ 4,966,000
Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employer's contribution	1,616,000	$ 1,675,000	$ 1,585,000
Benefit Plans [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Letters of credit with bank	$ 8,228,000

XML 101 R88.htm IDEA: XBRL DOCUMENT

Commitment and Contingencies - Summary of Minimum Payments Related to Agreements (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Commitments And Contingencies Disclosure [Abstract]
2021	$ 30,775
2022	26,640
2023	19,357
2024	16,247
2025	12,679
Thereafter	$ 4,515

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Distribution Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Balance of permitted transfers to parent company	$ 3,625,712	$ 3,389,763
Description of provisions on senior credit facility transfers to Lamar Advertising not subject to additional restrictions	(i) the total debt ratio is less than 7.0 to 1 and (ii) the secured debt ratio does not exceed 4.5 to 1.
Debt ratio	7.0
Debt ratio related to actual position on senior credit facility	7.0
Available cumulative credit	$ 2,376,192
Secured Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	4.5
LAMAR MEDIA CORP [Member] \| Secured Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Secured debt ratio	4.5

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Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Estimated fair value of Long-term debt (including current maturities)	$ 2,979,266
Gross amount of company's long term debt	2,926,633
Carrying amount of company's long term debt	$ 2,926,633	$ 3,004,532

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Information about Geographic Areas - Additional Information (Detail) - Foreign Countries [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Net carrying value of long lived assets	$ 8,727	$ 4,549
External Customers [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from external customers	$ 22,819	$ 34,517	$ 35,146

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interim Reporting [Line Items]
Net revenues	$ 428,525	$ 386,110	$ 347,652	$ 406,569	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 1,568,856	$ 1,753,644	$ 1,627,222
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 290,726	$ 249,801	$ 213,593	$ 257,075	$ 308,287	$ 308,940	$ 302,352	$ 243,987
Net income applicable to common stock	$ 108,614	$ 62,667	$ 31,338	$ 40,402	$ 102,661	$ 99,618	$ 118,305	$ 51,162	243,021	$ 371,746	$ 304,867
Net income									$ 243,386	$ 372,111	$ 305,232
Net income per common share basic	$ 1.08	$ 0.62	$ 0.31	$ 0.40	$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 2.41	$ 3.71	$ 3.09
Net income per common share diluted	$ 1.08	$ 0.62	$ 0.31	$ 0.40	$ 1.02	$ 0.99	$ 1.18	$ 0.51	$ 2.41	$ 3.71	$ 3.08
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Interim Reporting [Line Items]
Net revenues	$ 428,525	$ 386,110	$ 347,652	$ 406,569	$ 462,659	$ 457,786	$ 448,742	$ 384,457	$ 1,568,856	$ 1,753,644	$ 1,627,222
Type of Revenue [Extensible List]	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember	us-gaap:AdvertisingMember		us-gaap:AdvertisingMember	us-gaap:AdvertisingMember
Net revenues less direct advertising expenses	$ 290,726	$ 249,801	$ 213,593	$ 257,075	$ 308,287	$ 308,940	$ 302,352	$ 243,987
Net income	$ 108,827	$ 62,895	$ 31,534	$ 40,617	$ 102,861	$ 99,832	$ 118,485	$ 51,362	$ 243,873	$ 372,540	$ 305,631

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.