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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net revenues $ 399,345 $ 387,516 $ 1,142,785 $ 1,113,577
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 134,977 131,778 401,896 393,228
General and administrative expenses (exclusive of depreciation and amortization) 68,500 67,487 206,452 200,734
Corporate expenses (exclusive of depreciation and amortization) 15,088 19,359 48,451 55,432
Depreciation and amortization 51,796 49,307 155,003 152,729
(Gain) loss on disposition of assets (2,734) (189) (4,377) (12,221)
Total Operating Expenses 267,627 267,742 807,425 789,902
Operating income 131,718 119,774 335,360 323,675
Other expense (income)        
Loss on extinguishment of debt     71 3,198
Interest income (2) (2) (6) (6)
Interest expense 32,064 31,102 95,526 92,469
Non-operating (Income) Expenses 32,062 31,100 95,591 95,661
Income before income tax expense 99,656 88,674 239,769 228,014
Income tax expense 3,325 3,613 9,257 9,730
Net income 96,331 85,061 230,512 218,284
Cash dividends declared and paid on preferred stock 91 91 273 273
Net income applicable to common stock $ 96,240 $ 84,970 $ 230,239 $ 218,011
Earnings per share:        
Basic earnings per share $ 0.98 $ 0.87 $ 2.35 $ 2.25
Diluted earnings per share 0.98 0.87 2.34 2.23
Cash dividends declared per share of common stock $ 0.83 $ 0.76 $ 2.49 $ 2.26
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding basic 98,044,523 97,254,125 97,855,642 97,056,456
Weighted average common shares outstanding diluted 98,490,277 97,881,878 98,340,248 97,631,606
Statements of Comprehensive Income        
Net income $ 96,331 $ 85,061 $ 230,512 $ 218,284
Other comprehensive income (loss)        
Foreign currency translation adjustments 1,216 (328) 2,104 1,151
Comprehensive income 97,547 84,733 232,616 219,435
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]        
Net revenues 399,345 387,516 1,142,785 1,113,577
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 134,977 131,778 401,896 393,228
General and administrative expenses (exclusive of depreciation and amortization) 68,500 67,487 206,452 200,734
Corporate expenses (exclusive of depreciation and amortization) 14,982 19,252 48,154 55,143
Depreciation and amortization 51,796 49,307 155,003 152,729
(Gain) loss on disposition of assets (2,734) (189) (4,377) (12,221)
Total Operating Expenses 267,521 267,635 807,128 789,613
Operating income 131,824 119,881 335,657 323,964
Other expense (income)        
Loss on extinguishment of debt     71 3,198
Interest income (2) (2) (6) (6)
Interest expense 32,064 31,102 95,526 92,469
Non-operating (Income) Expenses 32,062 31,100 95,591 95,661
Income before income tax expense 99,762 88,781 240,066 228,303
Income tax expense 3,325 3,613 9,257 9,730
Net income 96,437 85,168 230,809 218,573
Statements of Comprehensive Income        
Net income 96,437 85,168 230,809 218,573
Other comprehensive income (loss)        
Foreign currency translation adjustments 1,216 (328) 2,104 1,151
Comprehensive income $ 97,653 $ 84,840 $ 232,913 $ 219,724