XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1

3. Supplemental Financial Information (Tables)

9 Months Ended

Mar. 31, 2021

Supplemental Financial Information

Schedule of Inventory

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value and consist of the following:

		March 31,				June 30,
		2021				2020
			(In thousands)
Finished goods		$	8,366			$	7,522
Raw materials			6,713				6,259
Inventories		$	15,079			$	13,781

Schedule of Other Liabilities

The following table presents details of our other liabilities:

		March 31,				June 30,
		2021				2020
		(In thousands)
Current
Accrued variable consideration		$	1,732			$	1,462
Customer deposits and refunds			1,213				628
Accrued raw materials purchases			267				272
Deferred revenue			788				658
Lease liability			1,273				1,273
Taxes payable			397				395
Warranty reserve			226				181
Other accrued operating expenses			2,137				1,439
Total other current liabilities		$	8,033			$	6,308
Non-current
Lease liability		$	874			$	1,796
Deferred revenue			187				166
Total other non-current liabilities		$	1,061			$	1,962

Schedule of Computation of Net Income (Loss) per Share

The following table presents the computation of net loss per share:

		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2021				2020				2021				2020
			(In thousands, except per share data)
Numerator:
Net loss		$	(1,187	)		$	(5,216	)		$	(2,948	)		$	(9,037	)
Denominator:
Weighted-average common shares outstanding - basic and diluted			28,819				27,048				28,617				24,369
Net loss per share - basic and diluted		$	(0.04	)		$	(0.19	)		$	(0.10	)		$	(0.37	)

Schedule of Common Stock Equivalents

These excluded common stock equivalents could be dilutive in the future.

		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2021				2020				2021				2020
		(In thousands)
Common stock equivalents			745				1,487				937				1,640

Schedule of intangible assets

The following table presents details of purchased intangible assets:

		March 31, 2021												June 30, 2020
		Gross Carrying Amount				Accumulated Amortization				Net Book Value				Gross Carrying Amount				Accumulated Amortization				Net Book Value
		(In thousands)
Developed technology		$	3,841			$	(1,061	)		$	2,780			$	3,841			$	(497	)		$	3,344
Customer relationship			9,030				(1,883	)			7,147				9,030				(726	)			8,304
Order backlog			840				(837	)			3				840				(384	)			456
Non-compete agreements			400				(396	)			4				400				(184	)			216
Trademark and trade name			375				(375	)			–				375				(246	)			129
		$	14,486			$	(4,552	)		$	9,934			$	14,486			$	(2,037	)		$	12,449

Schedule of estimated amortization expense

As of March 31, 2021, future estimated amortization expense is as follows:

Years Ending June 30,
(In thousands)
2021 (remainder)		$	579
2022			2,240
2023			2,240
2024			2,240
2025			1,784
Thereafter			851
		$	9,934

Schedule of severance and related charges

The following table presents details of the liability we recorded related to restructuring, severance and related activities:

		Nine Months Ended
		March 31,
		2021
		(In thousands)
Beginning balance		$	615
Charges			349
Payments			(928	)
Ending balance		$	36

Schedule of Supplemental Cash Flow Information

The following table presents non-cash investing transactions excluded from the accompanying unaudited condensed consolidated statements of cash flows:

		Nine Months Ended
		March 31,
		2021				2020
		(In thousands)
Share consideration for acquisition of Intrinsyc		$	–			$	15,574
Accrued property and equipment paid for in the subsequent period		$	40			$	5

X

- Definition

Schedule of severance and related charges [Table Text Block]

+ References

No definition available.

+ Details

Name:	LTRX_ScheduleOfSeveranceAndRelatedChargesTableTextBlock
Namespace Prefix:	LTRX_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	LTRX_SupplementalFinancialInformationAbstract
Namespace Prefix:	LTRX_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

No definition available.

+ Details

Name:	us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: 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_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration