Goodwill and Other Intangible Assets

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

(5) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at March 31, 2016 and December 31, 2015:


	Estimated Life (Years)		March 31, 2016				December 31, 2015
	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts		7 – 10	$	553,263	$	480,418	$	513,832	$	477,006
Non-competition agreements		3 – 15		64,538		63,521		64,514		63,453
Site locations		15		1,851,909		1,270,085		1,616,345		1,251,825
Other		5 – 15		14,008		13,539		14,008		13,529

			$	2,483,718	$	1,827,563	$	2,208,699	$	1,805,813
Unamortizable Intangible Assets:
Goodwill			$	1,958,837	$	253,536	$	1,800,130	$	253,536

(5) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2015 and December 31, 2014:


	Estimated Life (Years)		2015				2014
	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts		7 — 10	$	513,832	$	477,006	$	499,310	$	470,170
Non-competition agreements		3 — 15		64,514		63,453		64,062		63,192
Site locations		15		1,616,345		1,251,825		1,531,161		1,194,709
Other		5 — 15		14,008		13,529		14,008		13,485

			$	2,208,699	$	1,805,813	$	2,108,541	$	1,741,556
Unamortizable Intangible Assets:
Goodwill			$	1,800,130	$	253,536	$	1,766,304	$	253,536

The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows:


Balance as of December 31, 2014	$	1,766,304
Goodwill acquired during the year		34,275
Purchase price adjustments and other		(449	)
Impairment losses		—

Balance as of December 31, 2015	$	1,800,130

Amortization expense for the years ended December 31, 2015, 2014 and 2013 was $66,490, $96,139 and $106,533, respectively. The following is a summary of the estimated amortization expense for future years:


2016	$	60,078
2017		54,622
2018		49,874
2019		44,375
2020		34,520
Thereafter		159,417

Total	$	402,886

LAMAR MEDIA CORP [Member]

Goodwill and Other Intangible Assets

(3) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2015 and December 31, 2014:


	Estimated Life (Years)		2015				2014
	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts		7—10	$	513,832	$	477,006	$	499,311	$	470,170
Non-competition agreement		3—15		64,514		63,453		64,062		63,192
Site locations		15		1,616,345		1,251,825		1,531,161		1,194,709
Other		5—15		13,463		13,452		13,463		13,408

			$	2,208,154	$	1,805,736	$	2,107,997	$	1,741,479
Unamortizable Intangible Assets:
Goodwill			$	1,789,110	$	252,667	$	1,755,283	$	252,667

The changes in the gross carrying amount of goodwill for the year ended December 31, 2015 are as follows:


Balance as of December 31, 2014	$	1,755,283
Goodwill acquired during the year		34,275
Purchase price adjustments and other		(448	)
Impairment losses		—

Balance as of December 31, 2015	$	1,789,110

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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