Crown Crafts, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 9 - Stock-based Compensation (Tables)

Note 9 - Stock-based Compensation (Tables)

12 Months Ended

Mar. 28, 2021

Notes Tables

Share-based Payment Arrangement, Option, Activity [Table Text Block]

		Fiscal Year
		2021								2020
		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			5.81				185,000				4.76				125,000
Exercised			7.27				(135,000	)			6.20				(10,000	)
Forfeited			-				-				7.07				(55,000	)
Outstanding at End of Period			6.84				567,500				6.86				517,500
Exercisable at End of Period			7.84				320,000				7.74				347,500

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

		Fiscal Year Ended
		March 28, 2021								March 29, 2020
Number of options issued			110,000				75,000				125,000
Grant date		June 10, 2020				January 4, 2021				June 13, 2019
Dividend yield			6.50	%			4.50	%			6.72	%
Expected volatility			30.00	%			35.00	%			25.00	%
Risk free interest rate			0.275	%			0.260	%			1.810	%
Contractual term (years)			10.00				10.00				10.00
Expected term (years)			4.00				4.00				4.00
Forfeiture rate			5.00	%			5.00	%			5.00	%
Exercise price (grant-date closing price) per option		$	4.92			$	7.11			$	4.76
Fair value per option		$	0.56			$	1.30			$	0.39

Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

		Fiscal Year Ended March 28, 2021
		Cost of				Marketing &
		Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense
2019		$	2			$	3			$	5
2020			10				15				25
2021			10				23				33

Total stock option compensation		$	22			$	41			$	63

		Fiscal Year Ended March 29, 2020
		Cost of				Marketing &
		Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense
2018		$	5			$	1			$	6
2019			10				8				18
2020			7				11				18

Total stock option compensation		$	22			$	20			$	42

		Fiscal Year Ended March 28, 2021
						Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense
2019		$	61			$	26			$	87
2020			-				120				120
2021			44				80				124

Total stock grant compensation		$	105			$	226			$	331

		Fiscal Year Ended March 29, 2020
						Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense
2018		$	-			$	26			$	26
2019			73				76				149
2020			-				80				80

Total stock grant compensation		$	73			$	182			$	255

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

													Weighted-								Weighted-
									Weighted-				Avg. Exercise								Avg. Exercise
					Number				Avg. Remaining				Price of				Number				Price of
Exercise					of Options				Contractual				Options				of Options				Options
Price					Outstanding				Life in Years				Outstanding				Exercisable				Exercisable
$4.00	-	4.99				195,000				8.77			$	4.85				22,500			$	4.76
$5.00	-	5.99				30,000				5.21			$	5.74				30,000			$	5.74
$6.00	-	6.99				10,000				2.21			$	6.14				10,000			$	6.14
$7.00	-	7.99				207,500				6.74			$	7.56				132,500			$	7.81
$8.00	-	8.99				55,000				4.21			$	8.38				55,000			$	8.38
$9.00	-	9.99				70,000				5.20			$	9.60				70,000			$	9.60
						567,500				6.84			$	6.84				320,000			$	7.84

Schedule of Nonvested Share Activity [Table Text Block]

	Number				Fair Value
	of Shares				per Share			Grant Date
		41,452			$	5.79		August 12, 2020
		46,512				5.16		August 14, 2019
		28,000				5.43		August 8, 2018
		28,000				5.50		August 9, 2017

	Number				Fair Value
	of Shares				per Share			Grant Date
		25,000			$	5.86		January 18, 2019
		20,000				4.92		June 10, 2020
		10,000				7.60		February 22, 2021