XML 34 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

2. Business Combinations (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Supplemental Pro Forma Information | Supplemental pro forma data is as follows:
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |
|  |  | (In thousands, except per share amounts) |
Pro forma net revenue |  | $ | 73,883 |  |  | $ | 82,395 |
Pro forma net loss |  |  | (5,643 | ) |  |  | (11,115 | )
Pro forma net loss per share |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.22 | ) |  | $ | (0.43 | )
Maestro Wireless Solutions [Member] |
Purchase price allocation | The purchase price allocation is as follows (in thousands):
Cash and cash equivalents |  | $ | 282 |
Accounts receivable |  |  | 1,338 |
Inventories, net |  |  | 1,643 |
Other assets |  |  | 529 |
Purchased intangible assets |  |  | 1,910 |
Goodwill |  |  | 2,876 |
Accounts payable |  |  | (1,545 | )
Other liabilities |  |  | (1,678 | )
Total consideration |  | $ | 5,355 |
Valuation of identifiable intangible assets | The valuation of identifiable intangible assets and their estimated useful lives are as follows:
|  | Asset Fair Value |  |  | Weighted Average Useful Life (years) |
|  | (In thousands) |  |  |  |
Developed technology |  | $ | 1,530 |  |  |  | 5.0 |
Customer relationship |  |  | 100 |  |  |  | 2.0 |
Order backlog |  |  | 110 |  |  |  | 1.0 |
Non-compete agreements |  |  | 30 |  |  |  | 2.0 |
Trade name |  |  | 140 |  |  |  | 1.0 |
Intrinsyc [Member] |
Purchase price allocation | A summary of the purchase consideration for Intrinsyc is as follows (in thousands):
Cash consideration to selling shareholders |  | $ | 11,022 |
Cash consideration for vested equity awards |  |  | 497 |
Share consideration |  |  | 15,574 |
Total purchase consideration |  | $ | 27,093 |
The purchase price allocation is as follows (in thousands):
Cash and cash equivalents |  | $ | 3,190 |
Accounts receivable |  |  | 5,524 |
Inventories, net |  |  | 5,281 |
Other assets |  |  | 2,606 |
Purchased intangible assets |  |  | 12,576 |
Goodwill |  |  | 3,446 |
Accounts payable |  |  | (1,552 | )
Other liabilities |  |  | (3,978 | )
Total consideration |  | $ | 27,093 |
Valuation of identifiable intangible assets | The valuation of identifiable intangible assets and their estimated useful lives are as follows:
|  | Asset Fair Value |  |  | Weighted Average Useful Life (years) |
|  | (In thousands) |  |  |  |
Developed technology |  | $ | 2,311 |  |  |  | 5.0 |
Customer relationship |  |  | 8,930 |  |  |  | 6.0 |
Order backlog |  |  | 730 |  |  |  | 1.2 |
Non-compete agreements |  |  | 370 |  |  |  | 1.0 |
Trademarks and trade names |  |  | 235 |  |  |  | 1.0 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=LTRX_MaestroWirelessMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=LTRX_IntrinsycMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |