XML 1102 R74.htm IDEA: XBRL DOCUMENT v3.20.2
Long-term Debt - Additional Information (Detail)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
May 13, 2020
USD ($)
Feb. 20, 2020
Feb. 06, 2020
USD ($)
Feb. 01, 2019
USD ($)
Dec. 18, 2018
USD ($)
Mar. 19, 2018
Mar. 16, 2018
USD ($)
May 15, 2017
USD ($)
Jan. 28, 2016
USD ($)
Jan. 10, 2014
USD ($)
Oct. 30, 2012
USD ($)
Feb. 09, 2012
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Mar. 16, 2020
USD ($)
Jan. 17, 2019
USD ($)
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 term A loans                           $ 598,500   $ 599,250 $ 450,000    
Redeemed percentage of aggregate principal amount     104.00%                                
Additional revolving commitment                                     $ 100,000
Adjusted Rate     1.50%                                
Ratio of indebtedness to net capital one     3.25                                
Outstanding revolving credit facility                         $ 0 0 $ 150,000        
Remaining borrowing capacity under revolving credit facility                         737,216 737,216 387,291        
Aggregate principal amount of debt issued                         3,199,014 3,199,014 3,004,532        
Debt instrument outstanding amount                         3,199,014 3,199,014 3,004,532 2,914,552      
Debt Instrument, Interest Rate, Stated Percentage     4.00%                                
Loss on debt extinguishment                         5 18,184   15,429 71    
Redemption price percentage of the principal amount to be purchased     40.00%                                
4% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount                         $ 400,000 $ 400,000          
Debt Instrument, Interest Rate, Stated Percentage                         4.00% 4.00%          
Redemption price percentage of the principal amount to be purchased     101.00%                                
4% Senior Notes [Member] | Prior to February 15, 2023 [Member]                                      
Debt Instrument [Line Items]                                      
Redemption price percentage of the principal amount to be purchased     60.00%                                
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] | Private Placement [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount     $ 400,000                                
Debt Instrument, Interest Rate, Stated Percentage     4.00%                                
Net proceeds from the issuance of debt     $ 395,000                                
3 3/4% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Redemption percentage of aggregate principal amount of senior notes     40.00%                                
Redeemed percentage of aggregate principal amount     103.75%                                
Debt instrument outstanding amount                         $ 600,000 $ 600,000          
Debt Instrument, Interest Rate, Stated Percentage                         3.75% 3.75%          
Redemption price percentage of the principal amount to be purchased     60.00%                                
3 3/4% Senior Notes [Member] | Prior to February 15, 2023 [Member]                                      
Debt Instrument [Line Items]                                      
Redemption percentage of aggregate principal amount of senior notes     100.00%                                
Redeemed percentage of aggregate principal amount     101.00%                                
3 3/4% Senior Notes [Member] | Private Placement [Member]                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount of debt issued     $ 600,000                                
Debt Instrument, Interest Rate, Stated Percentage     3.75%                                
Net proceeds from the issuance of debt     $ 592,500                                
4 7/8% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Redemption percentage of aggregate principal amount of senior notes 40.00%                                    
Redemption percentage of issued notes which remain outstanding 60.00%                                    
Redeemed percentage of aggregate principal amount 104.875%                                    
Debt instrument outstanding amount                         $ 400,000 $ 400,000          
Debt Instrument, Interest Rate, Stated Percentage                         4.875% 4.875%          
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]                                      
Aggregate principal amount of debt issued $ 400,000                                    
Net proceeds from the issuance of debt $ 395,000                                    
Accounts Receivable Securitization Program [Member]                                      
Debt Instrument [Line Items]                                      
Increase in delinquency ratio                         11.00% 11.00%          
Increase in dilution ratio                         7.00% 7.00%          
Increase in days sales outstanding                           75 days          
Number of days sales outstanding                           65 days          
Delinquency ratio                         8.00% 8.00%          
Dilution ratio                         4.00% 4.00%          
Percentage of commitment to maintain minimum borrowings                           50.00%          
Minimum Funding Threshold                           requires the Special Purpose Subsidiaries to maintain minimum borrowings under the          
Debt instrument maturity date         Dec. 17, 2021                            
Aggregate principal amount of debt issued         $ 175,000                            
Debt instrument outstanding amount                         $ 0 $ 0 $ 175,000 175,000      
Bearing interest rate                             3.30%        
5 7/8% Senior Subordinated Notes [Member]                                      
Debt Instrument [Line Items]                                      
Redeemed percentage of aggregate principal amount           101.958%                          
Aggregate principal amount of debt issued                       $ 500,000              
Debt Instrument, Interest Rate, Stated Percentage                       5.875%              
Net proceeds from the issuance of debt                       $ 489,000              
Loss on debt extinguishment                               15,429      
Loss on debt extinguishment on cash                               9,790      
5% Senior Subordinated Notes [Member]                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount of debt issued                     $ 535,000                
Debt instrument outstanding amount                         $ 535,000 $ 535,000 $ 535,000 $ 535,000      
Debt Instrument, Interest Rate, Stated Percentage                     5.00%   5.00% 5.00% 5.00% 5.00%      
Net proceeds from the issuance of debt                     $ 527,100                
Redemption price percentage of the principal amount to be purchased                     101.00%                
5 3/8% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Redemption, description   The Company used the proceeds from the 4% Senior Notes and 3 3/4% Senior Notes to redeem in full all of the 5 3/8% Notes on February 20, 2020 at a redemption price of 101% 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.                                  
Aggregate principal amount of debt issued                   $ 510,000                  
Debt instrument outstanding amount                             $ 510,000 $ 510,000      
Debt Instrument, Interest Rate, Stated Percentage                 5.375% 5.375%         5.375% 5.375%      
Net proceeds from the issuance of debt                   $ 502,300                  
Loss on debt extinguishment                   12,576                  
Loss on debt extinguishment on cash                   $ 9,139                  
5 3/4% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount of debt issued                 $ 400,000                    
Debt instrument outstanding amount                         $ 653,988 $ 653,988 $ 654,345 $ 400,000      
Debt Instrument, Interest Rate, Stated Percentage                 5.75%       5.75% 5.75% 5.75% 5.75%      
Net proceeds from the issuance of debt                 $ 394,500                    
Redemption price percentage of the principal amount to be purchased       101.00%                              
5 3/4% Senior Notes [Member] | Prior to February 1, 2021 [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%                              
5 3/4% Senior Notes [Member] | Private Placement [Member]                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount of debt issued       $ 250,000                              
Debt Instrument, Interest Rate, Stated Percentage       5.75%                              
Net proceeds from the issuance of debt       $ 251,500                              
Letter of Credit [Member]                                      
Debt Instrument [Line Items]                                      
Letter of credit outstanding balance                         $ 12,784 $ 12,784 $ 12,709        
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]                                      
Debt Instrument [Line Items]                                      
Proceeds received from term A loans                           598,500   $ 599,250 450,000    
Debt instrument outstanding amount                             3,004,532 2,914,552      
Loss on debt extinguishment                         $ 5 $ 18,184   15,429 $ 71    
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | Accounts Receivable Securitization Program [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount                             175,000 175,000      
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5% Senior Subordinated Notes [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount                             $ 535,000 $ 535,000      
Debt Instrument, Interest Rate, Stated Percentage                             5.00% 5.00%      
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5 3/8% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount                             $ 510,000 $ 510,000      
Debt Instrument, Interest Rate, Stated Percentage                             5.375% 5.375%      
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member] | 5 3/4% Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument outstanding amount                             $ 654,345 $ 400,000      
Debt Instrument, Interest Rate, Stated Percentage                             5.75% 5.75%      
Debt Instrument Repurchase Program [Member] | Senior or Senior Subordinated Notes and other Indebtedness [Member]                                      
Debt Instrument [Line Items]                                      
Debt repurchase program, authorized amount                                   $ 250,000  
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         $ 450,000                      
Debt instrument maturity date     Feb. 06, 2025         May 15, 2022                      
Loss on debt extinguishment                           $ 5,608          
Term A Loan Facility [Member]                                      
Debt Instrument [Line Items]                                      
Maximum borrowing limit of incremental loan facility               $ 450,000                      
Debt instrument maturity date               May 15, 2022                      
Proceeds received from term A loans               $ 450,000                      
Term A Loan Facility [Member] | LIBO Rate [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             1.75%                        
Ratio of indebtedness to net capital one             3.25                        
Ratio of indebtedness to net capital minimum             1                        
Term A Loan Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Three Point Two Five [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             1.50%                        
Term A Loan Facility [Member] | Base Rate [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             0.75%                        
Ratio of indebtedness to net capital one             3.25                        
Ratio of indebtedness to net capital minimum             1                        
Term A Loan Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Three Point Two Five [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             0.50%                        
Term B Loan Facility [Member]                                      
Debt Instrument [Line Items]                                      
Maximum borrowing limit of incremental loan facility     $ 600,000       $ 600,000                        
Debt instrument maturity date     Feb. 06, 2027       Mar. 16, 2025                        
Proceeds received from term A loans     $ 600,000                                
Amended and restated date             Mar. 16, 2018                        
Redeemed percentage of aggregate principal amount             5.875%                        
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]                                      
Debt Instrument [Line Items]                                      
Maximum borrowing limit of incremental loan facility                                     $ 550,000
Revolving Credit Facility [Member] | LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument maturity date                           Feb. 06, 2025 May 15, 2022        
Revolving Credit Facility [Member] | LIBO Rate [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             2.25%                        
Ratio of indebtedness to net capital one             4.25                        
Ratio of indebtedness to net capital minimum     1       1                        
Revolving Credit Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             2.00%                        
Revolving Credit Facility [Member] | LIBO Rate [Member] | Debt Ratio Less Than Three Point Zero Zero [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             1.75%                        
Ratio of indebtedness to net capital one             3.00                        
Revolving Credit Facility [Member] | Base Rate [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate     1.25%       1.25%                        
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Three Point Two Five [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate     0.25%                                
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Four Point Two Five [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             1.00%                        
Revolving Credit Facility [Member] | Base Rate [Member] | Debt Ratio Less Than Three Point Zero Zero [Member]                                      
Debt Instrument [Line Items]                                      
Adjusted Rate             0.75%                        
Ratio of indebtedness to net capital one             3.00                        
Ratio of indebtedness to net capital minimum             1