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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues $ 386,110 $ 457,786 $ 1,140,331 $ 1,290,985
Type of Revenue [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) $ 136,309 $ 148,846 $ 419,862 $ 435,706
Type of Cost Good or Service [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization) $ 66,749 $ 80,561 $ 216,361 $ 238,270
Corporate expenses (exclusive of depreciation and amortization) 17,266 23,185 52,507 58,888
Depreciation and amortization 61,237 63,951 187,548 187,150
Gain on disposition of assets (1,304) (199) (4,823) (5,360)
Total Operating Expenses 280,257 316,344 871,455 914,654
Operating income 105,853 141,442 268,876 376,331
Other expense (income)        
Loss on extinguishment of debt 7,051   25,235  
Interest income (248) (168) (617) (553)
Interest expense 35,068 38,323 107,058 114,240
Non-operating (Income) Expenses 41,871 38,155 131,676 113,687
Income before income tax expense 63,982 103,287 137,200 262,644
Income tax expense (benefit) 1,224 3,578 2,520 (6,714)
Net income 62,758 99,709 134,680 269,358
Cash dividends declared and paid on preferred stock 91 91 273 273
Net income applicable to common stock $ 62,667 $ 99,618 $ 134,407 $ 269,085
Earnings per share:        
Basic earnings per share $ 0.62 $ 0.99 $ 1.33 $ 2.69
Diluted earnings per share 0.62 0.99 1.33 2.69
Cash dividends declared per share of common stock $ 0.50 $ 0.96 $ 2.00 $ 2.88
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding basic 100,812,570 100,329,262 100,722,859 100,019,765
Weighted average common shares outstanding diluted 100,924,981 100,522,177 100,860,870 100,210,143
Statements of Comprehensive Income        
Net income $ 62,758 $ 99,709 $ 134,680 $ 269,358
Other comprehensive income (loss)        
Foreign currency translation adjustments 330 (174) (528) 372
Comprehensive income 63,088 99,535 134,152 269,730
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]        
Net revenues $ 386,110 $ 457,786 $ 1,140,331 $ 1,290,985
Type of Revenue [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) $ 136,309 $ 148,846 $ 419,862 $ 435,706
Type of Cost Good or Service [Extensible List] us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember us-gaap:AdvertisingMember
General and administrative expenses (exclusive of depreciation and amortization) $ 66,749 $ 80,561 $ 216,361 $ 238,270
Corporate expenses (exclusive of depreciation and amortization) 17,129 23,062 52,141 58,567
Depreciation and amortization 61,237 63,951 187,548 187,150
Gain on disposition of assets (1,304) (199) (4,823) (5,360)
Total Operating Expenses 280,120 316,221 871,089 914,333
Operating income 105,990 141,565 269,242 376,652
Other expense (income)        
Loss on extinguishment of debt 7,051   25,235  
Interest income (248) (168) (617) (553)
Interest expense 35,068 38,323 107,058 114,240
Non-operating (Income) Expenses 41,871 38,155 131,676 113,687
Income before income tax expense 64,119 103,410 137,566 262,965
Income tax expense (benefit) 1,224 3,578 2,520 (6,714)
Net income 62,895 99,832 135,046 269,679
Statements of Comprehensive Income        
Net income 62,895 99,832 135,046 269,679
Other comprehensive income (loss)        
Foreign currency translation adjustments 330 (174) (528) 372
Comprehensive income $ 63,225 $ 99,658 $ 134,518 $ 270,051