Goodwill and Other Intangible Assets

6 Months Ended

12 Months Ended

Jun. 30, 2020

Dec. 31, 2019

(6) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at June 30, 2020 and December 31, 2019:


	Estimated		June 30, 2020				December 31, 2019
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable intangible assets:
Customer lists and contracts		7 — 10	$	644,330	$	551,309	$	641,714	$	539,405
Non-competition agreements		3 — 15		66,101		64,512		66,014		64,379
Site locations		15		2,399,355		1,550,917		2,384,520		1,509,335
Other		2 — 15		49,974		37,826		49,864		36,749

			$	3,159,760	$	2,204,564	$	3,142,112	$	2,149,868
Unamortizable intangible assets:
Goodwill			$	2,165,697	$	253,536	$	2,165,810	$	253,536

(6) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2019 and 2018:


	Estimated Life (Years)		2019				2018
	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts		7 — 10	$	641,714	$	539,405	$	610,376	$	514,928
Non-competition agreements		3 — 15		66,014		64,379		65,771		64,119
Site locations		15		2,384,520		1,509,335		2,228,767		1,422,794
Other		2 — 15		49,864		36,749		45,992		33,612

			$	3,142,112	$	2,149,868	$	2,950,906	$	2,035,453
Unamortizable Intangible Assets:
Goodwill			$	2,165,810	$	253,536	$	2,172,922	$	253,536

The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows:


Balance as of December 31, 2017	$	1,993,990
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—

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

Amortization expense for the years ended December 31, 2019, 2018 and 2017 was $113,679, $95,010 and $85,257, respectively. The following is a summary of the estimated amortization expense for future years:


2020	$	108,323
2021		104,332
2022		99,480
2023		88,649
2024		84,835
Thereafter		506,625

Total	$	992,244

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Goodwill and Other Intangible Assets

(3) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2019 and 2018:


	Estimated Life (Years)		2019				2018
	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts		7—10	$	641,714	$	539,405	$	610,376	$	514,928
Non-competition agreement		3—15		66,014		64,379		65,771		64,119
Site locations		15		2,384,520		1,509,335		2,228,767		1,422,794
Other		2—15		49,318		36,671		45,446		33,535

			$	3,141,566	$	2,149,790	$	2,950,360	$	2,035,376
Unamortizable Intangible Assets:
Goodwill			$	2,154,790	$	252,667	$	2,161,902	$	252,667

The changes in the gross carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows:


Balance as of December 31, 2017	$	1,982,970
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—

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