Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Stock-based Compensation (Tables)

v3.20.2
Note 7 - Stock-based Compensation (Tables)
3 Months Ended
Jun. 28, 2020
Notes Tables  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   
Three-Month Periods Ended
 
   
June 28, 2020
   
June 30, 2019
 
   
Weighted-
   
 
 
 
 
Weighted-
   
 
 
 
   
Average
   
Number of
   
Average
   
Number of
 
   
Exercise
   
Options
   
Exercise
   
Options
 
   
Price
   
Outstanding
   
Price
   
Outstanding
 
Outstanding at Beginning of Period
  $
6.86
     
517,500
    $
7.45
     
457,500
 
Granted
   
4.92
     
110,000
     
4.76
     
125,000
 
Forfeited
   
-
     
-
     
7.07
     
(55,000
)
Outstanding at End of Period
   
6.52
     
627,500
     
6.85
     
527,500
 
Exercisable at End of Period
   
7.15
     
455,000
     
7.72
     
352,500
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Three-Month Periods Ended
 
   
June 28, 2020
   
June 30, 2019
 
Number of options issued
   
110,000
     
125,000
 
Grant date
 
June 10, 2020
   
June 13, 2019
 
Dividend yield
   
6.50
%    
6.72
%
Expected volatility
   
30.00
%    
25.00
%
Risk free interest rate
   
0.275
%    
1.810
%
Contractual term (years)
   
10.00
     
10.00
 
Expected term (years)
   
4.00
     
4.00
 
Forfeiture rate
   
5.00
%    
5.00
%
Exercise price (grant-date closing price) per option
  $
4.92
    $
4.76
 
Fair value per option
  $
0.56
    $
0.39
 
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   
Three-Month Period Ended June 28, 2020
   
Three-Month Period Ended June 30, 2019
 
   
Cost of
   
Marketing &
   
 
 
 
 
Cost of
   
Marketing &
   
 
 
 
   
Products
   
Administrative
   
Total
   
Products
   
Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
   
Sold
   
Expenses
   
Expense
 
2018
  $
-
    $
-
    $
-
    $
4
    $
1
    $
5
 
2019
   
3
     
3
     
6
     
3
     
-
     
3
 
2020
   
3
     
5
     
8
     
-
     
1
     
1
 
2021
   
-
     
1
     
1
     
-
     
-
     
-
 
                                                 
Total stock option compensation
  $
6
    $
9
    $
15
    $
7
    $
2
    $
9
 
Share-based Payment Arrangement, Nonemployee Director Award Plan, Activity [Table Text Block]
Number of Shares
Fair Value per Share
Grant Date
46,512
$ 5.16
August 14, 2019
28,000
    5.43
August 8, 2018  
28,000
    5.50
August 9, 2017  
Schedule of Nonvested Share Activity [Table Text Block]
   
Three-Month Period Ended June 28, 2020
   
Three-Month Period Ended June 30, 2019
 
   
 
 
 
 
Non-employee
   
Total
   
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2018
  $
-
    $
-
    $
-
    $
-
    $
19
    $
19
 
2019
   
18
     
19
     
37
     
18
     
19
     
37
 
2020
   
-
     
30
     
30
     
-
     
-
     
-
 
2021
   
4
     
-
     
4
     
-
     
-
     
-
 
                                                 
Total stock grant compensation
  $
22
    $
49
    $
71
    $
18
    $
38
    $
56