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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2014 and December 31, 2013:

 

     Estimated
Life
(Years)		    2014      2013  
        Gross Carrying
Amount		      Accumulated
Amortization		      Gross Carrying
Amount		      Accumulated
Amortization		  

Amortizable Intangible Assets:

               

Customer lists and contracts

    7 — 10    $ 499,310       $ 470,170       $ 492,299       $ 463,188   

Non-competition agreements

    3 — 15      64,062         63,192         63,933         62,914   

Site locations

    15      1,531,161         1,194,709         1,495,635         1,106,947   

Other

    5 — 15      14,008         13,485         14,008         13,441   
     

 

 

     

 

 

     

 

 

     

 

 

  
      $ 2,108,541       $ 1,741,556       $ 2,065,875       $ 1,646,490   

Unamortizable Intangible Assets:

               

Goodwill

       $ 1,766,304       $ 253,536       $ 1,757,089       $ 253,536   
Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the year ended December 31, 2014 are as follows:

 

Balance as of December 31, 2013

    $ 1,757,089   

Goodwill acquired during the year

      9,457   

Purchase price adjustments and other

      (242 ) 

Impairment losses

      —    
  

 

 

  

Balance as of December 31, 2014

    $ 1,766,304   
  

 

 

  
Summary of Estimated Amortization Expense

The following is a summary of the estimated amortization expense for future years:

 

2015

    $ 62,020   

2016

      51,809   

2017

      46,562   

2018

      41,849   

2019

      36,547   

Thereafter

      128,198   
  

 

 

  

Total

    $ 366,985   
  

 

 

  
LAMAR MEDIA CORP [Member]  
Summary of Intangible Assets

The following is a summary of intangible assets at December 31, 2014 and December 31, 2013:

 

     Estimated    2014      2013  
   Life
(Years)		    Gross Carrying
Amount		      Accumulated
Amortization		      Gross Carrying
Amount		      Accumulated
Amortization		  

Amortizable Intangible Assets:

               

Customer lists and contracts

    7—10    $ 499,311       $ 470,170       $ 492,299       $ 463,188   

Non-competition agreement

    3—15      64,062         63,192         63,933         62,914   

Site locations

    15      1,531,161         1,194,709         1,495,635         1,106,945   

Other

    5—15      13,463         13,408         13,463         13,364   
     

 

 

     

 

 

     

 

 

     

 

 

  
$ 2,107,997    $ 1,741,479    $ 2,065,330    $ 1,646,411   

Unamortizable Intangible Assets:

Goodwill

 $ 1,755,283    $ 252,667    $ 1,746,068    $ 252,667   

Summary of Changes in Gross Carrying Amount of Goodwill

The changes in the gross carrying amount of goodwill for the year ended December 31, 2014 are as follows:

 

Balance as of December 31, 2013

 $ 1,746,068   

Goodwill acquired during the year

   9,457   

Purchase price adjustments and other

   (242 ) 

Impairment losses

   —     
  

 

 

  

Balance as of December 31, 2014

 $ 1,755,283