2017 Q4 Form 10-K Financial Statement

#000156459018003444 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $398.5M $399.3M $397.1M
YoY Change 3.04% 3.05% 2.46%
Cost Of Revenue $139.0M $135.0M $135.1M
YoY Change 4.98% 2.41% 1.79%
Gross Profit $259.5M $264.4M $262.0M
YoY Change 2.04% 3.39% 2.83%
Gross Profit Margin 65.12% 66.2% 65.98%
Selling, General & Admin $83.70M $83.60M $82.70M
YoY Change -6.58% -3.69% -4.39%
% of Gross Profit 32.25% 31.62% 31.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.10M $51.80M $51.80M
YoY Change 7.27% 5.07% -0.19%
% of Gross Profit 21.62% 19.59% 19.77%
Operating Expenses $139.8M $135.3M $134.4M
YoY Change -1.41% -0.59% -2.89%
Operating Profit $119.7M $129.1M $128.2M
YoY Change 6.4% 7.92% 10.12%
Interest Expense -$32.90M -$32.10M $31.98M
YoY Change 5.45% -203.21% -202.17%
% of Operating Profit -27.49% -24.87% 24.95%
Other Income/Expense, Net -$32.05M
YoY Change
Pretax Income $87.10M $99.66M $96.13M
YoY Change 3.44% 12.38% 12.17%
Income Tax $3.800M $3.325M $3.733M
% Of Pretax Income 4.36% 3.34% 3.88%
Net Earnings $87.20M $96.33M $92.39M
YoY Change 8.32% 13.25% 12.81%
Net Earnings / Revenue 21.88% 24.12% 23.27%
Basic Earnings Per Share $0.89 $0.98 $0.94
Diluted Earnings Per Share $0.89 $0.98 $0.94
COMMON SHARES
Basic Shares Outstanding 98.04M 97.94M
Diluted Shares Outstanding 98.49M 98.44M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.5M $29.40M $42.90M
YoY Change 225.35% -21.6% 2.88%
Cash & Equivalents $115.5M $29.42M $42.88M
Short-Term Investments
Other Short-Term Assets $32.59M $118.0M $123.5M
YoY Change -18.46% 204.64% 194.3%
Inventory
Prepaid Expenses $70.76M
Receivables $201.7M $223.1M $218.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $420.5M $370.5M $385.3M
YoY Change 33.82% 4.3% 5.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.214B $1.181B $1.177B
YoY Change 2.66% 0.08% -0.42%
Goodwill $1.740B
YoY Change 0.82%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.89M $43.00M $41.90M
YoY Change 11.67% 9.18% 8.83%
Total Long-Term Assets $3.794B $3.633B $3.561B
YoY Change 5.84% 2.41% 0.34%
TOTAL ASSETS
Total Short-Term Assets $420.5M $370.5M $385.3M
Total Long-Term Assets $3.794B $3.633B $3.561B
Total Assets $4.214B $4.003B $3.946B
YoY Change 8.09% 2.58% 0.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.96M $18.10M $18.00M
YoY Change 1.74% 2.63% -2.17%
Accrued Expenses $197.7M $99.50M $110.3M
YoY Change 47.04% -9.66% -2.99%
Deferred Revenue $92.69M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.66M $17.40M $17.50M
YoY Change -47.92% -39.63% -25.21%
Total Short-Term Liabilities $326.0M $238.7M $260.6M
YoY Change 17.55% -7.87% -3.01%
LONG-TERM LIABILITIES
Long-Term Debt $2.539B $2.432B $2.374B
YoY Change 9.66% 3.44% 0.22%
Other Long-Term Liabilities $29.86M $241.7M $239.8M
YoY Change 16.65% 911.09% 964.88%
Total Long-Term Liabilities $2.569B $2.674B $2.614B
YoY Change 9.74% 12.57% 11508.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $326.0M $238.7M $260.6M
Total Long-Term Liabilities $2.569B $2.674B $2.614B
Total Liabilities $3.111B $2.913B $2.875B
YoY Change 9.95% 2.34% 0.08%
SHAREHOLDERS EQUITY
Retained Earnings -$639.1M
YoY Change 1.29%
Common Stock $1.762B
YoY Change 2.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.30M
YoY Change 73.13%
Treasury Stock Shares $331.3K
Shareholders Equity $1.103B $1.091B $1.071B
YoY Change
Total Liabilities & Shareholders Equity $4.214B $4.003B $3.946B
YoY Change 8.09% 2.58% 0.86%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $87.20M $96.33M $92.39M
YoY Change 8.32% 13.25% 12.81%
Depreciation, Depletion And Amortization $56.10M $51.80M $51.80M
YoY Change 7.27% 5.07% -0.19%
Cash From Operating Activities $186.4M $125.8M $160.3M
YoY Change 1.3% -0.79% 0.5%
INVESTING ACTIVITIES
Capital Expenditures -$34.90M -$26.60M -$28.60M
YoY Change 21.18% -2.56% -7.44%
Acquisitions
YoY Change
Other Investing Activities -$174.1M -$91.10M -$9.300M
YoY Change 215.97% 382.01% 272.0%
Cash From Investing Activities -$209.1M -$117.6M -$38.00M
YoY Change 149.23% 154.55% 14.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 108.9M -22.70M -111.6M
YoY Change -207.19% -73.17% -1.15%
NET CHANGE
Cash From Operating Activities 186.4M 125.8M 160.3M
Cash From Investing Activities -209.1M -117.6M -38.00M
Cash From Financing Activities 108.9M -22.70M -111.6M
Net Change In Cash 86.20M -14.50M 10.70M
YoY Change -5846.67% 262.5% -19.55%
FREE CASH FLOW
Cash From Operating Activities $186.4M $125.8M $160.3M
Capital Expenditures -$34.90M -$26.60M -$28.60M
Free Cash Flow $221.3M $152.4M $188.9M
YoY Change 3.99% -1.1% -0.79%

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CY2016 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23082000
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28399000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8997000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6204000
CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
247500000
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
300000000
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
585054000
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
153877000
CY2017 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-515000
CY2016 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-21000
CY2015 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
7000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6053000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11662000
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10429000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-400066000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-680983000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-253880000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26684000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6870000
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6506000
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
17524000
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
22677000
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
9034000
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-309000
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1320000
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
575000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8410000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5462000
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4475000
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
309000
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-746000
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-458000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9508000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10245000
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3335000
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4632000
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4071000
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4558000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
507016000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
521823000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
477650000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
109329000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107612000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
110425000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
297305000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6099000
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
495000000
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
483000000
CY2015 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
317000000
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
477000000
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
403000000
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
282000000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16993000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
21118000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15468000
CY2017 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
450000000
CY2016 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
300000000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4941000
CY2017 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
693000
CY2016 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
420000
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1130000
CY2017 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
244201000
CY2016 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
293965000
CY2015 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
265510000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-28641000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
171908000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-224808000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1632000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
455000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2670000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
79941000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
13203000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3708000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
10786000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22327000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26035000
CY2017 us-gaap Interest Paid
InterestPaid
123213000
CY2016 us-gaap Interest Paid
InterestPaid
108719000
CY2015 us-gaap Interest Paid
InterestPaid
93765000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
12640000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
14167000
CY2017 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(g) Deferred Income</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Deferred income consists principally of advertising revenue invoiced in advance. Deferred advertising revenue is recognized in income over the term of the contract.</p></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(p) Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p></div>
CY2017Q4 lamr Number Of Advertising Displays
NumberOfAdvertisingDisplays
149900
CY2017Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45
CY2017Q4 lamr Number Of States In Which Entity Operates With Logo Sign Business
NumberOfStatesInWhichEntityOperatesWithLogoSignBusiness
22
CY2017Q4 lamr Number Of Transit Advertising Displays
NumberOfTransitAdvertisingDisplays
53300
CY2017Q4 lamr Number Of States In Which Entity Operates With Transit Advertising Business
NumberOfStatesInWhichEntityOperatesWithTransitAdvertisingBusiness
21
CY2017 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2
CY2017 lamr Advertising Barter Transaction Net Revenue
AdvertisingBarterTransactionNetRevenue
8469000
CY2016 lamr Advertising Barter Transaction Net Revenue
AdvertisingBarterTransactionNetRevenue
8051000
CY2015 lamr Advertising Barter Transaction Net Revenue
AdvertisingBarterTransactionNetRevenue
7956000
CY2017 lamr Advertising Barter Transaction Direct Advertising Expenses
AdvertisingBarterTransactionDirectAdvertisingExpenses
3603000
CY2016 lamr Advertising Barter Transaction Direct Advertising Expenses
AdvertisingBarterTransactionDirectAdvertisingExpenses
3559000
CY2015 lamr Advertising Barter Transaction Direct Advertising Expenses
AdvertisingBarterTransactionDirectAdvertisingExpenses
3137000
CY2017 lamr Advertising Barter Transaction General And Administrative Expenses
AdvertisingBarterTransactionGeneralAndAdministrativeExpenses
4332000
CY2016 lamr Advertising Barter Transaction General And Administrative Expenses
AdvertisingBarterTransactionGeneralAndAdministrativeExpenses
4067000
CY2015 lamr Advertising Barter Transaction General And Administrative Expenses
AdvertisingBarterTransactionGeneralAndAdministrativeExpenses
4407000
CY2017 lamr Percentage Net Income Available For Dividend Distribution
PercentageNetIncomeAvailableForDividendDistribution
0.90
CY2017 us-gaap Dividends Cash
DividendsCash
325462000
CY2017 lamr Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
DilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2016 lamr Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
DilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2015 lamr Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
DilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2017 lamr Investment Maturity Period
InvestmentMaturityPeriod
Three months or less
CY2017 lamr Non Cash Acquisition Of Outdoor Advertising Assets
NonCashAcquisitionOfOutdoorAdvertisingAssets
2879000
CY2016 lamr Non Cash Acquisition Of Outdoor Advertising Assets
NonCashAcquisitionOfOutdoorAdvertisingAssets
9000000
CY2015 lamr Non Cash Acquisition Of Outdoor Advertising Assets
NonCashAcquisitionOfOutdoorAdvertisingAssets
6036000
CY2017Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
81625000
CY2016 lamr Non Cash Financing Transaction
NonCashFinancingTransaction
0
CY2015 lamr Non Cash Financing Transaction
NonCashFinancingTransaction
0
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2769332000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1972984000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2523887000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1886734000
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
1993990000
CY2017Q4 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
CY2016Q4 us-gaap Goodwill Gross
GoodwillGross
1979894000
CY2016Q4 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
13925000
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
171000
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
85257000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
80864000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66490000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
93725000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
88036000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
77878000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
72693000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
67323000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
396693000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
194058000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
157159000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
140109000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
123250000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
106038000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
809139000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
275115000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
266706000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
240518000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14962000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16764000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
38967000
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
38904000
CY2017Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
13393000
CY2016Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
15672000
CY2017Q4 lamr Accrued Lease Expenses
AccruedLeaseExpenses
37073000
CY2016Q4 lamr Accrued Lease Expenses
AccruedLeaseExpenses
36928000
CY2017Q4 lamr Share Based Compensation Arrangement By Share Based Payment Award Accrued Liabilities
ShareBasedCompensationArrangementByShareBasedPaymentAwardAccruedLiabilities
4793000
CY2016Q4 lamr Share Based Compensation Arrangement By Share Based Payment Award Accrued Liabilities
ShareBasedCompensationArrangementByShareBasedPaymentAwardAccruedLiabilities
17696000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6862000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8469000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2585409000
CY2017Q4 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
22797000
CY2017Q4 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
2562612000
CY2016Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2378152000
CY2016Q4 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
39375000
CY2016Q4 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
2338777000
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28719000
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28969000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2556690000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-121000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
2349183000
CY2017Q2 lamr Line Of Credit Facility Amended And Restated Date
LineOfCreditFacilityAmendedAndRestatedDate
2017-05-15
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
198000000
CY2017Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
239050000
CY2015Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
206234000
CY2016 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5008000
CY2016 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4272000
CY2016 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
4625000
CY2017 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4003000
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4236000
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
4039000
CY2017 lamr Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
-3372000
CY2017 lamr Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Deferred Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalDeferredTaxExpense
-466000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4174000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2706000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1546000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8426000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9518000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2681000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1500000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
13699000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7686000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1746000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1527000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10959000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
359000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-170000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
615000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-935000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
598000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-930000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-246000
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
12275000
CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4533000
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2536000
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
2161000
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
8583000
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2675000
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
2098000
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
6756000
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1500000
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
13802000
CY2017 lamr Income Taxes Receivable Payable
IncomeTaxesReceivablePayable
3106000
CY2016 lamr Income Taxes Receivable Payable
IncomeTaxesReceivablePayable
-747000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
332607000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
313429000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
282774000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5701000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-1264000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1854000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
114417000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
109257000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
99620000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-109294000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
169000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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66000
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2340000
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13818000
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90000
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1363000
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-101868000
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1193000
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1481000
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1180000
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2635000
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2465000
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2117000
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-469000
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-2760000
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110442000
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102888000
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83730000
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2021
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736000
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709000
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551000
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3648000
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4574000
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124000
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116000
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18617000
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14835000
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153000
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153000
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7000
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6000
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2300000
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1424000
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240000
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320000
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25798000
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21979000
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20120000
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16167000
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5678000
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5812000
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5199000
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1363000
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6091000
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6562000
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6091000
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884000
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279000
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0
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4799000
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38213000
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29018000
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696000
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76000
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772000
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1122000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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173000
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213000
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18000
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10000
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0
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3649000
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Series AA preferred stock is entitled to one vote per share.
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33265000
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31794000
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20954000
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0.05
CY2017 lamr Description Of Provisions On Senior Credit Facility Transfers To Parent Company Subject To Additional Restrictions
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(i) the total debt ratio is less than 6.5 to 1 and (ii) the secured debt ratio does not exceed 3.0 to 1.
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6.5
CY2017 lamr Employees Eligibility
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Completed one year of service and are at least 21 years of age
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P1Y
CY2017 lamr Minimum Age Required To Participate In Company Sponsored Savings And Profit Sharing Plan
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P21Y
CY2017 lamr Employers Contribution And Compensation
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Match 50% of employees’ contributions up to 5% of eligible compensation
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0.50
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Holders of Class B common stock have ten votes per share on all matters in which the holders of common stock are entitled to vote and holders of Class?A common stock have one vote per share on such matters.
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2016-06-30
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Vesting terms ranging from three to five years which primarily includes 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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P4Y
CY2017 lamr Period Of Cliff Vesting For Option Valuation
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P5Y
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0.05
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.05
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.05
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0.45
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0.45
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.45
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.02
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0.02
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.02
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P6Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
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1567426
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92500
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5000
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1000
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1099877
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927277
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39.78
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73.10
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36.65
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68.98
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73.44
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44.00
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39.95
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P5Y3M25D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P4Y8M19D
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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2490000
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P1Y4M28D
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1171906
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1.00
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P3Y
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P30Y
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P10Y
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3000
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8000
CY2017Q4 lamr Balance Of Permitted Transfers To Parent Company
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2975593000
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2702633000
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6.5
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1726073000
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2666875000
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2585409000
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346362000
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397078000
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399345000
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398475000
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214518000
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262003000
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264368000
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259491000
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41696000
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92303000
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96240000
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87072000
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0.43
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0.94
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0.98
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0.89
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0.42
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0.94
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0.98
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0.89
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338533000
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387528000
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387516000
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386717000
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209808000
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AdvertisingRevenueNetOfDirectExpenses
254803000
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255738000
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254348000
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51223000
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81818000
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84970000
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80433000
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0.53
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0.84
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0.87
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0.83
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0.53
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0.84
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0.87
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EarningsPerShareDiluted
0.81
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348200
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0
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0
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3074046000
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2025251000
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Various
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Various
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0
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0.05
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2998540000
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RealEstateGrossAtCarryingValue
2856243000
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RealEstateGrossAtCarryingValue
2837442000
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49946000
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RealEstateCapitalExpenditureOnAdvertisementDisplays
50799000
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RealEstateCapitalExpenditureOnAdvertisementDisplays
46871000
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6265000
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RealEstateImprovements
12031000
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RealEstateImprovements
14412000
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32523000
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RealEstateOtherAdditions
26254000
CY2015 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
34336000
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
14904000
CY2016 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
30283000
CY2015 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
13851000
CY2017 lamr Real Estate Acquisitions Advertising Displays
RealEstateAcquisitionsAdvertisingDisplays
32109000
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RealEstateAcquisitionsAdvertisingDisplays
69821000
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RealEstateAcquisitionsAdvertisingDisplays
13781000
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61306000
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RealEstateCostOfRealEstateSold
47317000
CY2015 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
101912000
CY2017 lamr Real Estate Foreign Exchange
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-1065000
CY2016 lamr Real Estate Foreign Exchange
RealEstateForeignExchange
-426000
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RealEstateForeignExchange
2538000
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RealEstateAccumulatedDepreciation
1973958000
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1910860000
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1903434000
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
102494000
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
100197000
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
100005000
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
51976000
CY2016 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
37373000
CY2015 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
91218000
CY2017 lamr Real Estate Accumulated Depreciation Foreign Exchange
RealEstateAccumulatedDepreciationForeignExchange
-775000
CY2016 lamr Real Estate Accumulated Depreciation Foreign Exchange
RealEstateAccumulatedDepreciationForeignExchange
-274000
CY2015 lamr Real Estate Accumulated Depreciation Foreign Exchange
RealEstateAccumulatedDepreciationForeignExchange
1361000

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