Crown Crafts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Stock-based Compensation (Tables)

Note 13 - Stock-based Compensation (Tables)

3 Months Ended

Jun. 27, 2021

Notes Tables

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

		Three-Month Periods Ended
		June 27, 2021								June 28, 2020
		Weighted-								Weighted-
		Average				Number of				Average				Number of
		Exercise				Options				Exercise				Options
		Price				Outstanding				Price				Outstanding
Outstanding at Beginning of Period		$	6.84				567,500			$	6.86				517,500
Granted			7.98				158,000				4.92				110,000
Exercised			4.84				(30,000	)			-				-
Outstanding at End of Period			7.18				695,500				6.52				627,500
Exercisable at End of Period			7.19				407,500				7.15				455,000

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

		Three-Month Periods Ended
		June 27, 2021				June 28, 2020
Number of options issued			158,000				110,000
Grant date		June 9, 2021				June 10, 2020
Dividend yield			4.00	%			6.50	%
Expected volatility			35.00	%			30.00	%
Risk free interest rate			0.530	%			0.275	%
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		$	7.98			$	4.92
Fair value per option		$	1.61			$	0.56

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

		Three-Month Period Ended June 27, 2021												Three-Month Period Ended June 28, 2020
		Cost of				Marketing &								Cost of				Marketing &
		Products				Administrative				Total				Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense				Sold				Expenses				Expense
2019		$	-			$	-			$	-			$	3			$	3			$	6
2020			3				4				7				3				5				8
2021			4				16				20				-				1				1
2022			2				4				6				-				-				-

Total stock option compensation		$	9			$	24			$	33			$	6			$	9			$	15

		Three-Month Period Ended June 27, 2021												Three-Month Period Ended June 28, 2020
						Non-employee				Total								Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense				Employees				Directors				Expense
2019		$	-			$	-			$	-			$	18			$	19			$	37
2020			-				30				30				-				30				30
2021			22				30				52				4				-				4
2022			17				-				17				-				-				-

Total stock grant compensation		$	39			$	60			$	99			$	22			$	49			$	71

Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares			Fair Value 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

Number of Shares			Fair Value per Share			Grant Date		Vesting Date
25,000			$	5.86		January 18, 2019		January 18, 2021
20,000				4.92		June 10, 2020		June 10, 2022
10,000				7.60		February 22, 2021		February 22, 2023
25,000				7.98		June 9, 2021		June 9, 2022