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)

6 Months Ended

Oct. 02, 2022

Notes Tables

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

		Six-Month Periods Ended
		October 2, 2022								September 26, 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				(20,000	)			4.96				(50,000	)
Forfeited			-				-				4.92				(5,000	)
Outstanding at End of Period			7.32				735,500				7.26				670,500
Exercisable at End of Period			7.42				499,000				7.30				387,500

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

		Six-Month Periods Ended
		October 2, 2022				September 26, 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 October 2, 2022												Three-Month Period Ended September 26, 2021
		Cost of				Marketing &								Cost of				Marketing &
		Products				Administrative				Total				Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense				Sold				Expenses				Expense
2021		$	-			$	15			$	15			$	3			$	7			$	10
2022			10				16				26				9				28				37
2023			4				8				12				-				-				-

Total stock option compensation		$	14			$	39			$	53			$	12			$	35			$	47

		Six-Month Period Ended October 2, 2022												Six-Month Period Ended September 26, 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				26				29				7				23				30
2022			22				46				68				11				32				43
2023			6				10				16				-				-				-

Total stock option compensation		$	31			$	82			$	113			$	21			$	59			$	80

		Three-Month Periods Ended								Six-Month Periods Ended
Stock Granted in Fiscal Year		October 2, 2022				September 26, 2021				October 2, 2022				September 26, 2021
2020		$	-			$	10			$	-			$	40
2021			19				52				67				104
2022			134				99				359				116
2023			52				-				52				-

Total stock grant compensation		$	205			$	161			$	478			$	260

Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares			Fair Value per Share			Grant Date	Vesting Period (Years)
46,896			$	6.65		August 16, 2022	One
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