XML 95 R82.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-term Debt - Additional Information (Detail)
12 Months Ended
Jul. 29, 2022
USD ($)
Feb. 03, 2021
USD ($)
Jan. 22, 2021
USD ($)
Aug. 19, 2020
USD ($)
May 13, 2020
USD ($)
Feb. 06, 2020
USD ($)
Feb. 01, 2019
USD ($)
Jan. 28, 2016
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jul. 31, 2023
USD ($)
Jun. 24, 2022
USD ($)
Mar. 16, 2020
USD ($)
Dec. 18, 2018
USD ($)
Debt Instrument [Line Items]                              
Proceeds received from senior credit facility term loans                 $ 0 $ 350,000,000 $ 0        
Outstanding revolving credit facility                 70,000,000            
Remaining borrowing capacity under revolving credit facility                 671,166,000            
Debt                 3,370,372,000 3,345,420,000          
Loss on debt extinguishment                 115,000 0 21,604,000        
LAMAR MEDIA CORP. AND SUBSIDIARIES                              
Debt Instrument [Line Items]                              
Proceeds received from senior credit facility term loans                 0 350,000,000 0        
Debt                 3,370,372,000 3,345,420,000          
Loss on debt extinguishment                 115,000 $ 0 21,604,000        
Letter of Credit                              
Debt Instrument [Line Items]                              
Letter of credit outstanding balance                 $ 8,834,000            
4% Senior Notes                              
Debt Instrument [Line Items]                              
Stated interest rate       4.00%   4.00%     4.00% 4.00%          
Debt                 $ 549,516,000 $ 549,437,000          
Redemption price percentage of the principal amount to be purchased           101.00%                  
4% Senior Notes | Prior to February 1, 2021                              
Debt Instrument [Line Items]                              
Redeemed percentage of aggregate principal amount           100.00%                  
4% Senior Notes | Private Placement                              
Debt Instrument [Line Items]                              
Stated interest rate       4.00%   4.00%                  
Aggregate principal amount of debt issued       $ 150,000,000   $ 400,000,000                  
Net proceeds form the issuance of debt       $ 146,900,000   $ 395,000,000                  
Accounts Receivable Securitization Program                              
Debt Instrument [Line Items]                              
Aggregate principal amount of debt issued                         $ 250,000,000   $ 175,000,000
Debt                 250,000,000 250,000,000          
Available borrowing on accounts receivable securitization                 0            
Accounts Receivable Securitization Program | LAMAR MEDIA CORP. AND SUBSIDIARIES                              
Debt Instrument [Line Items]                              
Debt                 250,000,000 $ 250,000,000          
Commitment fee                 $ 0            
Five Point Three By Four Percent Senior Notes                              
Debt Instrument [Line Items]                              
Stated interest rate               5.75%   5.75%          
Aggregate principal amount of debt issued               $ 400,000,000              
Net proceeds form the issuance of debt               $ 394,500,000              
Debt instrument redemption amount   $ 650,000,000                          
Redeemed percentage of aggregate principal amount   102.875%                          
Loss on debt extinguishment                     21,604,000        
Cash portion of loss on debt extinguishment                     $ 18,700,000        
Five Point Three By Four Percent Senior Notes | Private Placement                              
Debt Instrument [Line Items]                              
Aggregate principal amount of debt issued             $ 250,000,000                
Net proceeds form the issuance of debt             $ 251,500,000                
3 3/4% Senior Notes                              
Debt Instrument [Line Items]                              
Stated interest rate           3.75%     3.75% 3.75%          
Debt                 $ 600,000,000 $ 600,000,000          
3 3/4% Senior Notes | Prior to February 15, 2023                              
Debt Instrument [Line Items]                              
Redemption price percentage of the principal amount to be purchased           101.00%                  
3 3/4% Senior Notes | Private Placement                              
Debt Instrument [Line Items]                              
Aggregate principal amount of debt issued           $ 600,000,000                  
Net proceeds form the issuance of debt           592,500,000                  
3 3/4% Senior Notes | LAMAR MEDIA CORP. AND SUBSIDIARIES                              
Debt Instrument [Line Items]                              
Debt                 $ 600,000,000 $ 600,000,000          
4 7/8% Senior Notes                              
Debt Instrument [Line Items]                              
Stated interest rate         4.875%       4.875% 4.875%          
Debt                 $ 400,000,000 $ 400,000,000          
4 7/8% Senior Notes | Prior to February 15, 2023                              
Debt Instrument [Line Items]                              
Redeemed percentage of aggregate principal amount         100.00%                    
Redemption price percentage of the principal amount to be purchased         101.00%                    
4 7/8% Senior Notes | Private Placement                              
Debt Instrument [Line Items]                              
Aggregate principal amount of debt issued         $ 400,000,000                    
Net proceeds form the issuance of debt         $ 395,000,000                    
4 7/8% Senior Notes | LAMAR MEDIA CORP. AND SUBSIDIARIES                              
Debt Instrument [Line Items]                              
Debt                 $ 400,000,000 400,000,000          
3 5/8% Senior Notes                              
Debt Instrument [Line Items]                              
Stated interest rate     3.625%           3.625%            
Debt                 $ 550,000,000 550,000,000          
Redeemed percentage of aggregate principal amount     103.625%                        
Redemption percentage of aggregate principal amount of senior notes     40.00%                        
Redemption percentage of issued notes which remain outstanding     60.00%                        
3 5/8% Senior Notes | Prior to February 15, 2023                              
Debt Instrument [Line Items]                              
Redeemed percentage of aggregate principal amount     100.00%                        
Redemption price percentage of the principal amount to be purchased     101.00%                        
3 5/8% Senior Notes | Private Placement                              
Debt Instrument [Line Items]                              
Aggregate principal amount of debt issued     $ 550,000                        
Net proceeds form the issuance of debt     $ 542,500,000                        
3 5/8% Senior Notes | LAMAR MEDIA CORP. AND SUBSIDIARIES                              
Debt Instrument [Line Items]                              
Debt                 550,000,000 $ 550,000,000          
Senior or Senior Subordinated Notes and other Indebtedness | Debt Instrument Repurchase Program                              
Debt Instrument [Line Items]                              
Debt repurchase program, authorized amount                           $ 250,000,000  
Debt instrument repurchased under the program                 $ 0            
Senior Credit Facility                              
Debt Instrument [Line Items]                              
Maximum borrowing limit of incremental loan facility           750,000,000                  
Term B Loan Facility                              
Debt Instrument [Line Items]                              
Maximum borrowing limit of incremental loan facility           600,000,000                  
Proceeds received from senior credit facility term loans           $ 600,000,000                  
Term B Loan Facility | Adjust Term SOFR Rate                              
Debt Instrument [Line Items]                              
Adjusted rate           0.10%                  
Term B Loan Facility | Secured Overnight Financing Rate (SOFR)                              
Debt Instrument [Line Items]                              
Adjusted rate           1.50%                  
Term B Loan Facility | Base Rate                              
Debt Instrument [Line Items]                              
Adjusted rate           0.50%                  
Term A Loan Facility                              
Debt Instrument [Line Items]                              
Maximum borrowing limit of incremental loan facility $ 350,000,000         $ 350,000                  
Term A Loan Facility | Secured Overnight Financing Rate (SOFR)                              
Debt Instrument [Line Items]                              
Debt instrument, covenant, ratio of indebtedness to net capital, maximum 3.25                            
Adjusted rate 1.50%                            
Term A Loan Facility | Secured Overnight Financing Rate (SOFR) | Debt Ratio Less Than Three Point Two Five                              
Debt Instrument [Line Items]                              
Adjusted rate 1.25%                            
Term A Loan Facility | Base Rate                              
Debt Instrument [Line Items]                              
Debt instrument, covenant, ratio of indebtedness to net capital, maximum 3.25                            
Adjusted rate 0.50%                            
Term A Loan Facility | Base Rate | Debt Ratio Less Than Three Point Two Five                              
Debt Instrument [Line Items]                              
Adjusted rate 0.25%                            
Revolving Credit Facility | JP Morgan Chase Bank, N.A.                              
Debt Instrument [Line Items]                              
Maximum borrowing limit of incremental loan facility                       $ 750,000      
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)                              
Debt Instrument [Line Items]                              
Debt instrument, covenant, ratio of indebtedness to net capital, maximum           3.25                  
Adjusted rate           1.50%                  
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Debt Ratio Less Than Three Point Two Five                              
Debt Instrument [Line Items]                              
Adjusted rate           1.25%                  
Revolving Credit Facility | Base Rate                              
Debt Instrument [Line Items]                              
Debt instrument, covenant, ratio of indebtedness to net capital, maximum           3.25                  
Adjusted rate           0.50%                  
Revolving Credit Facility | Base Rate | Debt Ratio Less Than Three Point Two Five                              
Debt Instrument [Line Items]                              
Adjusted rate           0.25%                  
Revolving Credit Facility | Secured Debt                              
Debt Instrument [Line Items]                              
Debt instrument, covenant, ratio of indebtedness to net capital, maximum           4.50                  
Swingline Credit Facility | JP Morgan Chase Bank, N.A.                              
Debt Instrument [Line Items]                              
Maximum borrowing limit of incremental loan facility                       $ 75,000