Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Data (Unaudited)

(21) Quarterly Financial Data (Unaudited)

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2017 and 2016.

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income applicable to common stock	$	41,696	$	92,303	$	96,240	$	87,072
Net income per common share basic	$	0.43	$	0.94	$	0.98	$	0.89
Net income per common share diluted	$	0.42	$	0.94	$	0.98	$	0.89

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income applicable to common stock	$	51,223	$	81,818	$	84,970	$	80,433
Net income per common share basic	$	0.53	$	0.84	$	0.87	$	0.83
Net income per common share diluted	$	0.53	$	0.84	$	0.87	$	0.81

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Quarterly Financial Data (Unaudited)

(8) Quarterly Financial Data (Unaudited)

The tables below represent the balances for the selected quarterly financial data of the Company for each reporting period in the years ended December 31, 2017 and 2016.

	Year 2017 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	346,362	$	397,078	$	399,345	$	398,475
Net revenues less direct advertising expenses	$	214,518	$	262,003	$	264,368	$	259,491
Net income	$	41,893	$	92,479	$	96,437	$	87,249

	Year 2016 Quarters
	March 31		June 30		September 30		December 31
Net revenues	$	338,533	$	387,528	$	387,516	$	386,717
Net revenues less direct advertising expenses	$	209,808	$	254,803	$	255,738	$	254,348
Net income	$	51,407	$	81,998	$	85,168	$	80,608