Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Stock-based Compensation (Tables)

v3.22.0.1
Note 13 - Stock-based Compensation (Tables)
9 Months Ended
Dec. 26, 2021
Notes Tables  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   

Nine-Month Periods Ended

 
   

December 26, 2021

   

December 27, 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

    7.72       (70,000 )     5.49       (95,000 )

Forfeited

    4.84       (20,000 )     -       -  

Outstanding at End of Period

    7.39       635,500       6.71       532,500  

Exercisable at End of Period

    7.54       352,500       7.59       360,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Nine-Month Periods Ended

 
   

December 26, 2021

   

December 27, 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 December 26, 2021

   

Three-Month Period Ended December 27, 2020

 
   

Cost of

   

Marketing &

           

Cost of

   

Marketing &

         
   

Products

   

Administrative

   

Total

   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

   

Sold

   

Expenses

   

Expense

 

2020

  $ -     $ -     $ -     $ 3     $ 3     $ 6  

2021

    4       14       18       3       3       6  

2022

    9       20       29       -       -       -  
                                                 

Total stock option compensation

  $ 13     $ 34     $ 47     $ 6     $ 6     $ 12  
   

Nine-Month Period Ended December 26, 2021

   

Nine-Month Period Ended December 27, 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       8       11       19  

2021

    11       37       48       7       8       15  

2022

    20       52       72       -       -       -  
                                                 

Total stock option compensation

  $ 34     $ 93     $ 127     $ 18     $ 22     $ 40  
   

Three-Month Periods Ended

   

Nine-Month Periods Ended

 

Stock Granted in Fiscal Year

 

December 26, 2021

   

December 27, 2020

   

December 26, 2021

   

December 27, 2020

 

2019

  $ -     $ 18     $ -     $ 80  

2020

    -       30       40       90  

2021

    52       43       156       79  

2022

    125       -       241       -  
                                 

Total stock grant compensation

  $ 177     $ 91     $ 437     $ 249  
Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares

   

Fair Value per Share

 

Grant Date

Vesting Period (Years)

40,165     $ 7.47  

August 11, 2021

One

41,452       5.79  

August 12, 2020

Two

46,512       5.16  

August 14, 2019

Two

28,000       5.43  

August 8, 2018

Two

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