XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net revenues $ 1,182,901 $ 1,133,487 $ 1,092,291
Operating expenses (income):      
Direct advertising expenses (exclusive of depreciation and amortization) 418,538 409,052 398,467
General and administrative expenses (exclusive of depreciation and amortization) 211,320 202,437 199,136
Corporate expenses (exclusive of depreciation and amortization) 53,086 46,533 47,377
Depreciation and amortization 296,083 299,639 312,703
Gain on disposition of assets (13,817) (10,548) (4,900)
Total Operating Expenses 965,210 947,113 952,783
Operating income 217,691 186,374 139,508
Other expense (income):      
Loss on extinguishment of debt 41,632 677 17,398
Interest income (331) (569) (367)
Interest expense 157,093 171,093 186,048
Non-operating (Income) Expenses 198,394 171,201 203,079
Income (loss) before income tax expense 19,297 15,173 (63,571)
Income tax expense (benefit) 9,476 6,623 (23,469)
Net income (loss) 9,821 8,550 (40,102)
Preferred stock dividends 365 365 365
Net income (loss) applicable to common stock 9,456 8,185 (40,467)
Earnings (loss) per share:      
Basic earnings (loss) per share $ 0.10 $ 0.09 $ (0.44)
Diluted earnings (loss) per share $ 0.10 $ 0.09 $ (0.44)
Cash dividends declared per share of common stock       
Weighted average common shares outstanding 93,379,246 92,851,067 92,261,157
Incremental common shares from dilutive stock options 287,395 322,718  
Weighted average common shares assuming dilution 93,666,641 93,173,785 92,261,157
Statement of Comprehensive Income (Loss)      
Net income (loss) 9,821 8,550 (40,102)
Other comprehensive income (loss), net of tax      
Foreign currency translation adjustments 652 (784) 862
Comprehensive income (loss) 10,473 7,766 (39,240)
LAMAR MEDIA CORP [Member]
     
Net revenues 1,182,901 1,133,487 1,092,291
Operating expenses (income):      
Direct advertising expenses (exclusive of depreciation and amortization) 418,538 409,052 398,467
General and administrative expenses (exclusive of depreciation and amortization) 211,320 202,437 199,136
Corporate expenses (exclusive of depreciation and amortization) 52,750 46,175 47,377
Depreciation and amortization 296,083 299,639 312,703
Gain on disposition of assets (13,817) (10,548) (4,900)
Total Operating Expenses 964,874 946,755 952,783
Operating income 218,027 186,732 139,508
Other expense (income):      
Loss on extinguishment of debt 41,632 677 17,402
Interest income (331) (569) (358)
Interest expense 157,093 171,093 185,875
Non-operating (Income) Expenses 198,394 171,201 202,919
Income (loss) before income tax expense 19,633 15,531 (63,411)
Income tax expense (benefit) 9,587 6,919 (23,213)
Net income (loss) 10,046 8,612 (40,198)
Statement of Comprehensive Income (Loss)      
Net income (loss) 10,046 8,612 (40,198)
Other comprehensive income (loss), net of tax      
Foreign currency translation adjustments 652 (784) 862
Comprehensive income (loss) $ 10,698 $ 7,828 $ (39,336)