XML 69 R18.htm IDEA: XBRL DOCUMENT v3.20.1

2. Business Combinations (Tables)

9 Months Ended

Mar. 31, 2020

Supplemental Pro Forma Information

		Nine Months Ended March 31,
		2020				2019
			(In thousands, except per share amounts)
Pro forma net revenue		$	56,486			$	63,787
Pro forma net loss		$	(4,752	)		$	(8,207	)
Pro forma net loss per share
Basic		$	(0.18	)		$	(0.32	)
Diluted		$	(0.18	)		$	(0.32	)

Maestro Wireless Solutions [Member]

Purchase price allocation

		July 5, 2019 (provisional)
Cash and cash equivalents		$	282
Accounts receivable			1,320
Inventories, net			1,611
Other assets			600
Purchased intangible assets			1,910
Goodwill			2,876
Accounts payable			(1,536	)
Other liabilities			(1,708	)
Total consideration		$	5,355

Valuation of identifiable intangible assets

		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 preliminary purchase price allocation is as follows (in thousands):

		January 16, 2020 (provisional)
Cash and cash equivalents		$	3,190
Accounts receivable			5,524
Inventories, net			5,281
Other assets			2,624
Purchased intangible assets			12,576
Goodwill			3,449
Accounts payable			(1,552	)
Other liabilities			(3,999	)
Total Consideration		$	27,093

Valuation of identifiable intangible assets

		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 name			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 characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

+ 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 (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4922-128472

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
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: