XML 38 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2012 and December 31, 2011:

		Estimated				2012								2011
		Life (Years)				Gross Carrying Amount				Accumulated Amortization				Gross Carrying Amount				Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts			7 — 10			$	482,883			$	455,549			$	468,371			$	451,524
Non-competition agreements			3 — 15				63,519				62,566				63,592				61,849
Site locations			15				1,449,181				1,009,631				1,383,076				925,291
Other			5 — 15				13,608				13,133				13,608				13,103
						$	2,009,191			$	1,540,879			$	1,928,647			$	1,451,767
Unamortizable Intangible Assets:
Goodwill						$	1,738,686			$	253,536			$	1,680,483			$	253,635

Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the year ended December 31, 2012 are as follows:

Balance as of December 31, 2011		$	1,680,483
Goodwill acquired during the year			60,968
Purchase price adjustments and other			(2,765	)
Impairment losses			—
Balance as of December 31, 2012		$	1,738,686

Summary of the Estimated Amortization Expense

Amortization expense for the year ended December 31, 2012 was $102,941. The following is a summary of the estimated amortization expense for future years:

Year ended December 31, 2013		$	104,116
Year ended December 31, 2014			90,197
Year ended December 31, 2015			54,146
Year ended December 31, 2016			43,960
Year ended December 31, 2017			38,729
Thereafter			137,164
Total		$	468,312

LAMAR MEDIA CORP [Member]

Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2012 and December 31, 2011:

		Estimated Life (Years)				2012								2011
						Gross Carrying Amount				Accumulated Amortization				Gross Carrying Amount				Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts			7—10			$	482,883			$	455,549			$	468,371			$	451,524
Non-competition agreement			3—15				63,519				62,566				63,592				61,849
Site locations			15				1,449,181				1,009,631				1,383,076				925,290
Other			5—15				13,063				13,063				13,063				13,063
						$	2,008,646			$	1,540,809			$	1,928,102			$	1,451,726
Unamortizable Intangible Assets:
Goodwill						$	1,727,665			$	252,667			$	1,669,462			$	252,766

Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the year ended December 31, 2012 are as follows:

Balance as of December 31, 2011		$	1,669,462
Goodwill acquired during the year			60,968
Purchase price adjustments and other			(2,765	)
Impairment losses			—
Balance as of December 31, 2012		$	1,727,665

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 47

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration