2012 Q4 Form 10-K Financial Statement

#000119312513084458 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q1 2011 Q4
Revenue $305.5M $266.2M $288.2M
YoY Change 5.99% 4.32% 4.55%
Cost Of Revenue $106.2M $103.4M $103.2M
YoY Change 2.91% 3.82% 2.69%
Gross Profit $199.3M $162.8M $185.0M
YoY Change 7.73% 4.56% 5.59%
Gross Profit Margin 65.24% 61.15% 64.18%
Selling, General & Admin $67.10M $65.60M $63.50M
YoY Change 5.67% 4.79% -2.16%
% of Gross Profit 33.67% 40.29% 34.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.80M $72.40M $78.10M
YoY Change -1.66% -2.03% -0.64%
% of Gross Profit 38.53% 44.47% 42.22%
Operating Expenses $143.9M $137.9M $141.7M
YoY Change 1.55% 1.1% -1.25%
Operating Profit $55.40M $25.79M $43.30M
YoY Change 27.94% 33.64% 36.59%
Interest Expense -$40.00M $39.91M -$41.60M
YoY Change -3.85% -191.55% -6.52%
% of Operating Profit -72.2% 154.75% -96.07%
Other Income/Expense, Net $32.00M -$69.83M
YoY Change
Pretax Income $14.30M -$44.04M $4.100M
YoY Change 248.78% 144.64% -135.04%
Income Tax $7.100M -$21.22M -$2.300M
% Of Pretax Income 49.65% -56.1%
Net Earnings $7.200M -$22.82M $6.400M
YoY Change 12.5% 72.85% -190.14%
Net Earnings / Revenue 2.36% -8.57% 2.22%
Basic Earnings Per Share $0.08 -$0.25 $0.07
Diluted Earnings Per Share $0.08 -$0.25 $0.07
COMMON SHARES
Basic Shares Outstanding 93.11B shares
Diluted Shares Outstanding 93.11B shares

Balance Sheet

Concept 2012 Q4 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.90M $35.90M $33.50M
YoY Change 75.82% 10.8% -63.47%
Cash & Equivalents $58.91M $35.87M $33.50M
Short-Term Investments
Other Short-Term Assets $30.55M $100.9M $26.36M
YoY Change 15.88% 3.38% -65.54%
Inventory
Prepaid Expenses $41.13M $39.51M
Receivables $159.8M $144.9M $147.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $301.2M $281.6M $256.6M
YoY Change 17.38% 2.74% -17.06%
LONG-TERM ASSETS
Property, Plant & Equipment $1.180B $1.170B $1.194B
YoY Change -1.11% -6.27% -5.08%
Goodwill $1.485B $1.427B
YoY Change 4.09%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.19M $82.30M $38.97M
YoY Change 5.68% 0.61% -54.79%
Total Long-Term Assets $3.213B $3.135B $3.171B
YoY Change 1.33% -5.09% -5.06%
TOTAL ASSETS
Total Short-Term Assets $301.2M $281.6M $256.6M
Total Long-Term Assets $3.213B $3.135B $3.171B
Total Assets $3.514B $3.417B $3.427B
YoY Change 2.53% -4.49% -6.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.54M $12.70M $12.66M
YoY Change 6.92% -5.22% -4.07%
Accrued Expenses $99.46M $90.80M $94.65M
YoY Change 5.08% 2.37% -1.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.13M $26.20M $17.31M
YoY Change 91.42% 376.36% 203.68%
Total Short-Term Liabilities $219.1M $168.7M $161.3M
YoY Change 35.8% 13.6% 5.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.128B $2.161B $2.141B
YoY Change -0.63% -8.07% -10.91%
Other Long-Term Liabilities $16.39M $196.9M $12.81M
YoY Change 27.89% 3.69% -93.12%
Total Long-Term Liabilities $2.144B $2.358B $2.154B
YoY Change -0.46% -7.19% -16.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.1M $168.7M $161.3M
Total Long-Term Liabilities $2.144B $2.358B $2.154B
Total Liabilities $2.652B $2.596B $2.588B
YoY Change 2.47% -6.34% -8.55%
SHAREHOLDERS EQUITY
Retained Earnings -$687.4M -$683.6M
YoY Change 0.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $889.6M $888.5M
YoY Change 0.13%
Treasury Stock Shares 17.12M shares 17.08M shares
Shareholders Equity $861.6M $821.1M $827.7M
YoY Change
Total Liabilities & Shareholders Equity $3.514B $3.417B $3.427B
YoY Change 2.53% -4.49% -6.07%

Cashflow Statement

Concept 2012 Q4 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $7.200M -$22.82M $6.400M
YoY Change 12.5% 72.85% -190.14%
Depreciation, Depletion And Amortization $76.80M $72.40M $78.10M
YoY Change -1.66% -2.03% -0.64%
Cash From Operating Activities $122.6M $36.70M $96.10M
YoY Change 27.58% 42.26% -27.53%
INVESTING ACTIVITIES
Capital Expenditures -$27.90M $19.75M -$23.90M
YoY Change 16.74% -168.57% 51.27%
Acquisitions $6.083M
YoY Change
Other Investing Activities -$148.2M -$4.300M -$5.400M
YoY Change 2644.44% -960.0% 575.0%
Cash From Investing Activities -$176.1M -$24.04M -$29.30M
YoY Change 501.02% -15.05% 76.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.727M
YoY Change
Debt Paid & Issued, Net $22.00K
YoY Change
Cash From Financing Activities 74.20M -10.60M -75.00M
YoY Change -198.93% -81.41% 19.05%
NET CHANGE
Cash From Operating Activities 122.6M 36.70M 96.10M
Cash From Investing Activities -176.1M -24.04M -29.30M
Cash From Financing Activities 74.20M -10.60M -75.00M
Net Change In Cash 20.70M 2.067M -8.200M
YoY Change -352.44% -103.47% -115.47%
FREE CASH FLOW
Cash From Operating Activities $122.6M $36.70M $96.10M
Capital Expenditures -$27.90M $19.75M -$23.90M
Free Cash Flow $150.5M $16.96M $120.0M
YoY Change 25.42% -68.95% -19.14%

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157484000
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CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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1435027000
CY2012Q4 us-gaap Tax Credit Carryforward Amount
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3512000
CY2012Q4 us-gaap Property Plant And Equipment Net
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1180359000
CY2012Q4 us-gaap Number Of States In Which Entity Operates
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CY2012Q4 us-gaap Long Term Debt Current
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33134000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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158433000
CY2012Q4 us-gaap Accrued Insurance Current And Noncurrent
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12537000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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137164000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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3765000
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
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189659000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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27142000
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301235000
CY2012Q4 us-gaap Additional Paid In Capital
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CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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54146000
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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2969000
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1760090000
CY2012Q4 us-gaap Long Term Debt Noncurrent
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CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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14000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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33134000
CY2012Q4 us-gaap Stockholders Equity
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874833000
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
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468312000
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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23827000
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
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60968000
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10082000
CY2012Q4 us-gaap Other Liabilities Noncurrent
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16388000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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13539000
CY2012Q4 lamr Operating Loss Carryforward
OperatingLossCarryforward
22403000
CY2012Q4 lamr Number Of Advertising Displays
NumberOfAdvertisingDisplays
144000 Billboard
CY2012Q4 lamr Number Of States In Which Entity Operates With Logo Sign Business
NumberOfStatesInWhichEntityOperatesWithLogoSignBusiness
22 State
CY2012Q4 lamr Number Of Markets In Which Entity Operates With Transit Advertising Business
NumberOfMarketsInWhichEntityOperatesWithTransitAdvertisingBusiness
60 Markets
CY2012Q4 lamr Undistributed Foreign Subsidiaries Earnings
UndistributedForeignSubsidiariesEarnings
19261000
CY2012Q4 lamr Goodwill Accumulated Amortization
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253536000
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CY2012Q4 lamr Preferred Stock Liquidation Value
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3649000
CY2012Q4 lamr Balance Of Permitted Transfers To Parent Company
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1706875000
CY2012Q4 lamr Accrued Lease Expenses
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32100000
CY2012Q4 lamr Deferred Tax Assets Current Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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35580000
CY2012Q4 lamr Deferred Tax Benefit
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4023000
CY2012Q4 lamr Deferred Tax Liabilities Unrecognized Undistributed Foreign Earnings
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6741000
CY2012Q4 lamr Minimum Holding Debt Ratio For Applicability Of Restriction On Transfer
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5.75 pure
CY2012Q4 lamr Minimum Senior Debt Ratio For Applicability Of Restriction On Transfer
MinimumSeniorDebtRatioForApplicabilityOfRestrictionOnTransfer
3.25 pure
CY2012Q4 lamr Minimum Senior Leverage Ratio For Applicability Of Restriction On Transfer
MinimumSeniorLeverageRatioForApplicabilityOfRestrictionOnTransfer
3.0 pure
CY2012Q4 lamr Maximum Actual Holdings Debt Ratio
MaximumActualHoldingsDebtRatio
5.75 pure
CY2012Q4 lamr Maximum Actual Senior Debt Ratio
MaximumActualSeniorDebtRatio
3.25 pure
CY2012Q4 lamr Maximum Actual Senior Leverage Ratio
MaximumActualSeniorLeverageRatio
3.0 pure
CY2012Q4 lamr Description Of Position On Senior Credit Facility Transfers To Parent Company Not Subject To Additional Restrictions
DescriptionOfPositionOnSeniorCreditFacilityTransfersToParentCompanyNotSubjectToAdditionalRestrictions
The total holdings debt ratio was less than 5.75 to 1 and Lamar Media's senior debt ratio was less than 3.25 to 1 and its senior leverage ratio was less than 3.0 to 1; therefore, transfers to Lamar Advertising were not subject to any additional restrictions under the senior credit facility or pursuant to the indenture governing the 9 3/4% senior notes.
CY2012Q4 lamr Description Of Provisions On Senior Credit Facility Transfers To Parent Company Subject To Additional Restrictions
DescriptionOfProvisionsOnSeniorCreditFacilityTransfersToParentCompanySubjectToAdditionalRestrictions
The total holdings debt ratio is greater than 5.75 to 1 or (y) the senior debt ratio is greater than 3.25 to 1.0, and (ii) if under the indenture for Lamar Media's 9 3/4% senior notes and as defined therein, its senior leverage ratio is greater than or equal to 3.0 to 1.
CY2010 us-gaap Increase Decrease In Notes Receivables
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-240000
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
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-3767000
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2010 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2010 us-gaap Investment Income Interest
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CY2010 us-gaap Payments Of Debt Issuance Costs
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32597000
CY2010 us-gaap Income Taxes Paid
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3496000
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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6803000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense
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662000
CY2010 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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P5Y
CY2010 us-gaap Repayments Of Subordinated Debt
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389647000
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862000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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1653000
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17839000
CY2010 us-gaap Business Acquisitions Pro Forma Revenue
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1099490000
CY2010 us-gaap Provision For Doubtful Accounts
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8736000
CY2010 us-gaap Depreciation And Amortization
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312703000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-20574000
CY2010 us-gaap Treasury Stock Shares Acquired
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53597 shares
CY2010 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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-4715000
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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518000
CY2010 us-gaap Increase Decrease In Prepaid Expense
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CY2010 us-gaap Current State And Local Tax Expense Benefit
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477000
CY2010 us-gaap Operating Leases Rent Expense Net
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CY2010 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2010 us-gaap Operating Income Loss
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139508000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17839000
CY2010 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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3356000
CY2010 us-gaap Earnings Per Share Basic
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CY2010 us-gaap Advertising Revenue Cost
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398467000
CY2010 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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365000
CY2010 us-gaap Treasury Stock Value Acquired Par Value Method
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1629000
CY2010 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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-3290000
CY2010 us-gaap Depreciation Amortization And Accretion Net
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312703000
CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Increase Decrease In Receivables
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4539000
CY2010 us-gaap Income Tax Reconciliation Other Reconciling Items
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952783000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.02 pure
CY2010 us-gaap Earnings Per Share Diluted
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CY2010 us-gaap Advertising Revenue
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1092291000
CY2010 us-gaap Payments For Repurchase Of Common Stock
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1629000
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199136000
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CY2010 us-gaap Dividends Preferred Stock
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365000
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1487000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.54 pure
CY2010 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
5360000
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2010 us-gaap Comprehensive Income Net Of Tax
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-39240000
CY2010 us-gaap Proceeds From Repayments Of Other Long Term Debt
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CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1290000
CY2010 us-gaap Increase Decrease In Accounts Payable Trade
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2460000
CY2010 us-gaap Tax Benefit From Stock Options Exercised1
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16000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23469000
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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515000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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43452000
CY2010 us-gaap Repayments Of Convertible Debt
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3402000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
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-40467000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1119000
CY2010 us-gaap Current Foreign Tax Expense Benefit
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1932000
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
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4900000
CY2011 us-gaap Increase Decrease In Other Operating Assets
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1863000
CY2010 us-gaap Allocated Share Based Compensation Expense
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17839000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2010 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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CY2010 us-gaap Interest Expense
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CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
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CY2010 us-gaap Gains Losses On Extinguishment Of Debt
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CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2010 us-gaap Proceeds From Issuance Of Common Stock
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CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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862000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2010 us-gaap Proceeds From Issuance Of Debt
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CY2010 lamr Non Cash Financing Transaction
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0
CY2010 lamr Income Tax Reconciliation Undistributed Foreign Earnings
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1083000
CY2010 lamr Payment On Convertible Notes
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23000
CY2010 lamr Advertising Barter Transaction Direct Advertising Expenses
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2768000
CY2010 lamr Advertising Barter Transaction General And Administrative Expenses
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3242000
CY2010 lamr Advertising Barter Transaction Net Revenue
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6608000
CY2010 lamr Conversion Of Class B Common Stock To Class Common Stock
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CY2010 lamr Consolidated Excess Cash Flow To Repay Outstanding Loan Percentage
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0.50 pure
CY2010 lamr Preferred Stock Dividend Shares
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63.80
CY2010 lamr Conversion Of Shares Of Class B Common Stock To Class Common Stock
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CY2011 us-gaap Increase Decrease In Notes Receivables
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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1125000
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
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CY2011 us-gaap Amortization Of Acquired Intangible Assets
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2011 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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2963000
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2011 us-gaap Current State And Local Tax Expense Benefit
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2011 us-gaap Earnings Per Share Basic
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CY2011 us-gaap Treasury Stock Value Acquired Par Value Method
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CY2011 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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CY2011 us-gaap Extinguishment Of Debt Amount
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CY2011 us-gaap Net Income Loss
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CY2011 us-gaap Increase Decrease In Receivables
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CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
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1042000
CY2011 us-gaap Costs And Expenses
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.02 pure
CY2011 us-gaap Earnings Per Share Diluted
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CY2011 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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CY2011 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2011 us-gaap Dividends Preferred Stock
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365000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Asset Retirement Obligation Accretion Expense
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10573000
CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2011 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Increase Decrease In Accounts Payable Trade
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CY2011 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2011 us-gaap Income Tax Expense Benefit
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6623000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011 us-gaap Current Income Tax Expense Benefit
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CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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941000
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0.00 pure
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63.80
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381000
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FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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2012
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10-K
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2012-12-31
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0001090425
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EntityWellKnownSeasonedIssuer
Yes
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LAMR
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LAMAR ADVERTISING CO/NEW
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Yes
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false
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Large Accelerated Filer
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Series AA preferred stock is entitled to one vote per share and the Class A preferred stock is not entitled to vote
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CY2012 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period
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CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012 us-gaap Increase Decrease In Other Operating Assets
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331000
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y2M1D
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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20444000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
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1058000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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10430000
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13817000
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CY2012 us-gaap Depreciation And Amortization
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296083000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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25408000
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270000
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vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
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CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.52 pure
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012 us-gaap Revenue Recognition Deferred Revenue
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3000
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0.05 pure
CY2012 lamr Employers Contribution As Percentage Of Employees Contribution
EmployersContributionAsPercentageOfEmployeesContribution
0.50 pure
CY2012 lamr Interest Owned In Service Contract
InterestOwnedInServiceContract
0.2666 pure
CY2012 lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
63.80
CY2012 lamr Employers Contribution And Compensation
EmployersContributionAndCompensation
Match 50% of employees' contributions up to 5% of eligible compensation
CY2012 lamr Employees Eligibility
EmployeesEligibility
Completed one year of service and are at least 21 years of age
CY2012 lamr Description Of Interest Computation On Basis Of Period
DescriptionOfInterestComputationOnBasisOfPeriod
360-day year comprised of twelve 30-day months
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2012Q1 us-gaap Advertising Revenue
AdvertisingRevenue
266238000
CY2012 lamr Non Cash Acquisition Of Outdoor Advertising Assets
NonCashAcquisitionOfOutdoorAdvertisingAssets
23941000
CY2012 lamr Finite Lived Intangible Asset Useful Life Maximum
FiniteLivedIntangibleAssetUsefulLifeMaximum
P15Y
CY2012 lamr Finite Lived Intangible Asset Useful Life Minimum
FiniteLivedIntangibleAssetUsefulLifeMinimum
P3Y
CY2012 lamr Income Taxes Receivable Payable
IncomeTaxesReceivablePayable
-252000
CY2012 lamr Payments Of Senior Revolving Credit Facility
PaymentsOfSeniorRevolvingCreditFacility
15000000
CY2012 lamr Business Acquisition Gain Loss Recognized
BusinessAcquisitionGainLossRecognized
9805000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2011Q1 us-gaap Advertising Revenue
AdvertisingRevenue
255202000
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13331000
CY2011Q1 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
155651000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2011Q2 us-gaap Advertising Revenue
AdvertisingRevenue
293345000
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11335000
CY2011Q2 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
190287000
CY2012Q1 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
162815000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2012Q2 us-gaap Advertising Revenue
AdvertisingRevenue
304872000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13831000
CY2012Q2 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
199801000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2011Q3 us-gaap Advertising Revenue
AdvertisingRevenue
296701000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3901000
CY2011Q3 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
193501000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2012Q3 us-gaap Advertising Revenue
AdvertisingRevenue
306286000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11405000
CY2012Q3 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
202441000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2011Q4 us-gaap Advertising Revenue
AdvertisingRevenue
288239000
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6280000
CY2011Q4 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
184996000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2012Q4 us-gaap Advertising Revenue
AdvertisingRevenue
305505000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7127000
CY2012Q4 lamr Advertising Revenue Net Of Direct Expenses
AdvertisingRevenueNetOfDirectExpenses
199306000

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