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

Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Stock-based Compensation (Tables)

Note 12 - Stock-based Compensation (Tables)

3 Months Ended

Jul. 03, 2022

Notes Tables

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

		Three-Month Periods Ended
		July 3, 2022								June 27, 2021
		Weighted-								Weighted-
		Average				Number of				Average				Number of
		Exercise				Options				Exercise				Options
		Price				Outstanding				Price				Outstanding
Outstanding at Beginning of Period		$	7.39				635,500			$	6.84				567,500
Granted			6.54				120,000				7.98				158,000
Exercised			4.92				(15,000	)			4.84				(30,000	)
Outstanding at End of Period			7.31				740,500				7.18				695,500
Exercisable at End of Period			7.40				504,000				7.19				407,500

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

		Three-Month Periods Ended
		July 3, 2022				June 27, 2021
Number of options issued			120,000				158,000
Grant date		June 7, 2022				June 9, 2021
Dividend yield			4.89	%			4.00	%
Expected volatility			30.00	%			35.00	%
Risk free interest rate			2.95	%			0.53	%
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		$	6.54			$	7.98
Fair value per option		$	0.90			$	1.61

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

		Three-Month Period Ended July 3, 2022												Three-Month Period Ended June 27, 2021
		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			$	4			$	7
2021			3				11				14				4				16				20
2022			12				30				42				2				4				6
2023			2				2				4				-				-				-

Total stock option compensation		$	17			$	43			$	60			$	9			$	24			$	33

		Three-Month Period Ended July 3, 2022												Three-Month Period Ended June 27, 2021
						Non-employee				Total								Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense				Employees				Directors				Expense
2020		$	-			$	-			$	-			$	-			$	30			$	30
2021			18				30				48				22				30				52
2022			145				80				225				17				-				17

Total stock grant compensation		$	163			$	110			$	273			$	39			$	60			$	99

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

Number of Shares			Fair Value per Share			Grant Date		Vesting Date
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