Goodwill and Other Intangible Assets (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Summary of Intangible Assets

The following is a summary of intangible assets at March 31, 2021 and December 31, 2020:

	Estimated Life (Years)		March 31, 2021				December 31, 2020
			Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable intangible assets:
Customer lists and contracts		7—10	$	645,765	$	568,949	$	645,739	$	563,135
Non-competition agreements		3—15		66,206		64,712		66,156		64,647
Site locations		15		2,413,111		1,615,056		2,412,745		1,593,805
Other		2—15		50,038		38,818		50,018		38,625
			$	3,175,120	$	2,287,535	$	3,174,658	$	2,260,212
Unamortizable intangible assets:
Goodwill			$	2,165,895	$	253,536	$	2,165,864	$	253,536

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

	Estimated Life (Years)		2020				2019
			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

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Summary of Intangible Assets

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

	Estimated Life (Years)		2020				2019
			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