XML 52 R39.htm IDEA: XBRL DOCUMENT v3.20.4

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

2020 Acquisitions [Member]

Summary of Allocation of Purchase Price/Acquisition Costs

The following is a summary of the allocation of the purchase price in the above transactions.

		Total
Property, plant and equipment		$	13,376
Site locations			27,902
Non-competition agreements			140
Customer lists and contracts			3,979
Asset acquisition costs			154
Current assets			3
Current liabilities			(295	)
Operating right of use assets			7,269
Operating lease liabilities			(6,368	)
		$	46,160

2019 Acquisitions [Member]

Summary of Allocation of Purchase Price/Acquisition Costs

		Total
Property, plant and equipment		$	37,988
Site locations			131,208
Non-competition agreements			240
Customer lists and contracts			23,032
Asset acquisition costs			756
Other intangibles			3,115
Goodwill			29,360
Current assets			1,860
Current liabilities			(832	)
Operating right of use assets			23,934
Operating lease liabilities			(21,573	)
Other liabilities			(1,500	)
		$	227,588

2019 Acquisitions Excluding Fairway Assets [Member]

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information for the Company gives effect to the 2019 and 2018 acquisitions as if they had occurred on January 1, 2018. These pro forma results do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on such date or to project the Company’s results of operations for any future period.

		2019				2018
		(unaudited)
Net revenues		$	1,764,493			$	1,724,821
Net income applicable to common stock		$	369,300			$	292,012
Net income per common share — basic		$	3.69			$	2.96
Net income per common share — diluted		$	3.68			$	2.95

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

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

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

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

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=lamr_TwoThousandTwentyAcquisitionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=lamr_TwoThousandNineteenAcquisitionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=lamr_TwoThousandNineteenAcquisitionsExcludingFairwayAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: