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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenues $ 347,652 $ 448,742 $ 754,221 $ 833,199
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) $ 134,059 $ 146,390 $ 283,553 $ 286,860
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) $ 67,408 $ 78,416 $ 149,612 $ 157,709
Corporate expenses (exclusive of depreciation and amortization) 16,750 18,674 35,241 35,703
Depreciation and amortization 63,998 61,693 126,311 123,199
Gain on disposition of assets (1,015) (537) (3,519) (5,161)
Total Operating Expenses 281,200 304,636 591,198 598,310
Operating income 66,452 144,106 163,023 234,889
Other expense (income)        
Loss on extinguishment of debt 5   18,184  
Interest income (179) (232) (369) (385)
Interest expense 35,437 38,322 71,990 75,917
Non-operating (Income) Expenses 35,263 38,090 89,805 75,532
Income before income tax expense 31,189 106,016 73,218 159,357
Income tax (benefit) expense (240) (12,380) 1,296 (10,292)
Net income 31,429 118,396 71,922 169,649
Cash dividends declared and paid on preferred stock 91 91 182 182
Net income applicable to common stock $ 31,338 $ 118,305 $ 71,740 $ 169,467
Earnings per share:        
Basic earnings per share $ 0.31 $ 1.18 $ 0.71 $ 1.70
Diluted earnings per share 0.31 1.18 0.71 1.69
Cash dividends declared per share of common stock $ 0.50 $ 0.96 $ 1.50 $ 1.92
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding basic 100,765,681 100,012,827 100,677,510 99,862,452
Weighted average common shares outstanding diluted 100,861,881 100,222,082 100,818,347 100,058,054
Statements of Comprehensive Income        
Net income $ 31,429 $ 118,396 $ 71,922 $ 169,649
Other comprehensive income (loss)        
Foreign currency translation adjustments 740 287 (858) 546
Comprehensive income 32,169 118,683 71,064 170,195
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]        
Net revenues $ 347,652 $ 448,742 $ 754,221 $ 833,199
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) $ 134,059 $ 146,390 $ 283,553 $ 286,860
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) $ 67,408 $ 78,416 $ 149,612 $ 157,709
Corporate expenses (exclusive of depreciation and amortization) 16,645 18,585 35,012 35,505
Depreciation and amortization 63,998 61,693 126,311 123,199
Gain on disposition of assets (1,015) (537) (3,519) (5,161)
Total Operating Expenses 281,095 304,547 590,969 598,112
Operating income 66,557 144,195 163,252 235,087
Other expense (income)        
Loss on extinguishment of debt 5   18,184  
Interest income (179) (232) (369) (385)
Interest expense 35,437 38,322 71,990 75,917
Non-operating (Income) Expenses 35,263 38,090 89,805 75,532
Income before income tax expense 31,294 106,105 73,447 159,555
Income tax (benefit) expense (240) (12,380) 1,296 (10,292)
Net income 31,534 118,485 72,151 169,847
Statements of Comprehensive Income        
Net income 31,534 118,485 72,151 169,847
Other comprehensive income (loss)        
Foreign currency translation adjustments 740 287 (858) 546
Comprehensive income $ 32,274 $ 118,772 $ 71,293 $ 170,393