Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

(6) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7 — 10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreements	3 — 15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2 — 15			45,992		33,612		45,741		30,328
			$	2,950,906	$	2,035,453	$	2,769,332	$	1,972,984
Unamortizable Intangible Assets:
Goodwill			$	2,172,922	$	253,536	$	1,993,990	$	253,536

The changes in the gross carrying amount of goodwill for the year ended December 31, 2018 are as follows:

Balance as of December 31, 2017	$	1,993,990
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,172,922

Amortization expense for the years ended December 31, 2018, 2017 and 2016 was $95,010, $85,257 and $80,864, respectively. The following is a summary of the estimated amortization expense for future years:

2019	$	103,754
2020		93,200
2021		89,240
2022		84,410
2023		73,552
Thereafter		471,297
Total	$	915,453

LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]

Goodwill and Other Intangible Assets

(3) Goodwill and Other Intangible Assets

The following is a summary of intangible assets at December 31, 2018 and December 31, 2017:

	Estimated		2018				2017
	Life (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Customer lists and contracts	7—10		$	610,376	$	514,928	$	586,055	$	505,778
Non-competition agreement	3—15			65,771		64,119		65,477		63,924
Site locations		15		2,228,767		1,422,794		2,072,059		1,372,954
Other	2—15			45,446		33,535		45,195		30,251
			$	2,950,360	$	2,035,376	$	2,768,786	$	1,972,907
Unamortizable Intangible Assets:
Goodwill			$	2,161,902	$	252,667	$	1,982,970	$	252,667

The changes in the gross carrying amount of goodwill for the year ended December 31, 2018 are as follows:

Balance as of December 31, 2017	$	1,982,970
Goodwill acquired during the year		182,117
Purchase price adjustments and other		(3,185	)
Impairment losses		—
Balance as of December 31, 2018	$	2,161,902