Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stock-based Compensation (Tables)

v3.10.0.1
Note 6 - Stock-based Compensation (Tables)
3 Months Ended
Jul. 01, 2018
Notes Tables  
Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Three-Month Period Ended
   
Three-Month Period Ended
 
   
July 1, 2018
   
July 2, 2017
 
   
Weighted-
   
 
 
 
 
Weighted-
   
 
 
 
   
Average
   
Number of
   
Average
   
Number of
 
   
Exercise
   
Options
   
Exercise
   
Options
 
   
Price
   
Outstanding
   
Price
   
Outstanding
 
Outstanding at Beginning of Period
  $
7.93
     
395,000
    $
8.35
     
322,500
 
Granted
   
5.90
     
110,000
     
7.75
     
110,000
 
Forfeited
   
-
     
-
     
9.19
     
(15,000
)
Outstanding at End of Period
   
7.48
     
505,000
     
8.17
     
417,500
 
Exercisable at End of Period
   
8.15
     
315,000
     
8.03
     
252,500
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Three-Month Periods Ended
 
   
July 1, 2018
   
July 2, 2017
 
Number of options issued
   
110,000
     
110,000
 
Grant date
 
June 13, 2018
   
June 8, 2017
 
Dividend yield
   
5.42
%    
4.13
%
Expected volatility
   
25.00
%    
25.00
%
Risk free interest rate
   
2.78
%    
1.47
%
Contractual term (years)
   
10.00
     
10.00
 
Expected term (years)
   
4.00
     
3.00
 
Forfeiture rate
   
5.00
%    
5.00
%
Exercise price (grant-date closing price) per option
  $
5.90
    $
7.75
 
Fair value per option
  $
0.49
    $
0.85
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
Three-Month Period Ended July 1, 2018
   
Three-Month Period Ended July 2, 2017
 
   
Cost of
   
Marketing &
   
 
 
 
 
Cost of
   
Marketing &
   
 
 
 
   
Products
   
Administrative
   
Total
   
Products
   
Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
   
Sold
   
Expenses
   
Expense
 
2016
  $
-
    $
-
    $
-
    $
6
    $
1
    $
7
 
2017
   
6
     
5
     
11
     
10
     
2
     
12
 
2018
   
7
     
8
     
15
     
2
     
1
     
3
 
2019
   
-
     
1
     
1
     
-
     
-
     
-
 
                                                 
Total stock option compensation
  $
13
    $
14
    $
27
    $
18
    $
4
    $
22
 
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]
Number of Shares
   
Fair Value per Share
 
Grant Date
28,000      
$5.50
 
August 9, 2017
28,000      
10.08
 
August 10, 2016
28,000      
8.20
 
August 12, 2015
Schedule of Nonvested Share Activity [Table Text Block]
   
Three-Month Period Ended July 1, 2018
   
Three-Month Period Ended July 2, 2017
 
   
 
 
 
 
Nonemployee
   
Total
   
 
 
 
 
Nonemployee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2016
  $
-
    $
-
    $
-
    $
-
    $
29
    $
29
 
2017
   
-
     
35
     
35
     
27
     
35
     
62
 
2018
   
29
     
19
     
48
     
29
     
-
     
29
 
                                                 
Total stock grant compensation
  $
29
    $
54
    $
83
    $
56
    $
64
    $
120
 
Performance Shares [Member]  
Notes Tables  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
   
 
 
 
 
 
 
 
 
Fair
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal
 
 
 
 
 
Fiscal
   
Value
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Shares
   
Year
   
Per
   
Compensation expense recognized during fiscal year
 
Earned
 
Granted
   
Granted
   
Share
   
2016
   
201
7
   
201
8
   
201
9
 
2016
   
41,205
     
2017
    $
7.865
    $
108,000
    $
108,000
    $
108,000
    $
-
 
2017
   
42,250
     
2018
     
8.271
     
-
     
116,000
     
116,000
     
116,000
 
   
 
 
 
 
Vesting of shares during the three-month periods ended
 
Fiscal
 
 
 
 
 
July
1
, 201
8
   
July
2
, 201
7
 
Year
 
Shares
   
Shares
   
Aggregate
   
Taxes
   
Shares
   
Aggregate
   
Taxes
 
Granted
 
Granted
   
Vested
   
Value
   
Remitted
   
Vested
   
Value
   
Remitted
 
2017
   
41,205
     
20,601
    $
122,000
    $
39,000
     
20,604
    $
167,000
    $
56,000
 
2018
   
42,250
     
21,125
     
124,000
     
56,000
     
-
     
-
     
-
 
                                                         
   
Total
     
41,726
    $
246,000
    $
95,000
     
20,604
    $
167,000
    $
56,000