Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Stock-based Compensation (Tables)

v3.23.3
Note 12 - Stock-based Compensation (Tables)
6 Months Ended
Oct. 01, 2023
Notes Tables  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
   

Six-Month Periods Ended

 
   

October 1, 2023

   

October 2, 2022

 
   

Weighted-

           

Weighted-

         
   

Average

   

Number of

   

Average

   

Number of

 
   

Exercise

   

Options

   

Exercise

   

Options

 
   

Price

   

Outstanding

   

Price

   

Outstanding

 

Outstanding at Beginning of Period

  $ 7.32       735,500     $ 7.39       635,500  

Granted

    5.26       120,000       6.54       120,000  

Exercised

    -       -       4.92       (20,000 )

Expired

    6.14       (10,000 )     -       -  

Outstanding at End of Period

    7.04       845,500       7.32       735,500  

Exercisable at End of Period

    7.41       665,500       7.42       499,000  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Six-Month Periods Ended

 
   

October 1, 2023

   

October 2, 2022

 

Number of options issued

    120,000       120,000  

Grant date

 

June 21, 2023

   

June 7, 2022

 

Dividend yield

    6.08 %     4.89 %

Expected volatility

    25.00 %     30.00 %

Risk free interest rate

    4.29 %     2.95 %

Contractual term (years)

    10.00       10.00  

Expected term (years)

    3.00       4.00  

Forfeiture rate

    5.00 %     5.00 %

Exercise price (grant-date closing price) per option

  $ 5.26     $ 6.54  

Fair value per option

  $ 0.46     $ 0.90  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three-Month Period Ended October 1, 2023

   

Three-Month Period Ended October 2, 2022

 
   

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  

2022

    -       -       -       10       16       26  

2023

    5       8       13       4       8       12  

2024

    3       3       6       -       -       -  
                                                 

Total stock option compensation

  $ 8     $ 11     $ 19     $ 14     $ 39     $ 53  
   

Six-Month Period Ended October 1, 2023

   

Six-Month Period Ended October 2, 2022

 
   

Cost of

   

Marketing &

           

Cost of

   

Marketing &

         
   

Products

   

Administrative

   

Total

   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

   

Sold

   

Expenses

   

Expense

 

2021

  $ -     $ -     $ -     $ 3     $ 26     $ 29  

2022

    10       21       31       22       46       68  

2023

    12       17       29       6       10       16  

2024

    3       4       7       -       -       -  
                                                 

Total stock option compensation

  $ 25     $ 42     $ 67     $ 31     $ 82     $ 113  
   

Three-Month Periods Ended

   

Six-Month Periods Ended

 

Stock Granted in Fiscal Year

 

October 1, 2023

   

October 2, 2022

   

October 1, 2023

   

October 2, 2022

 

2021

  $ -     $ -     $ -     $ 67  

2022

    55       19       110       359  

2023

    49       134       137       52  

2024

    69       52       69       -  
                                 

Total stock grant compensation

  $ 173     $ 205     $ 316     $ 478  
Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares

Fair Value per Share

Grant Date

Vesting Period (Years)

60,412

 $4.85

August 15, 2023

One

46,896

   6.65

August 16, 2022

One

40,165

   7.47

August 11, 2021

One

41,452

   5.79

August 12, 2020

Two

Number of Shares

Fair Value per Share

Grant Date

Vesting Date

26,000

 $4.77

August 14, 2023

August 14, 2024

40,000

   5.85

March 21, 2023

March 21, 2025

25,000

   7.98

June 9, 2021

June 9, 2022

10,000

   7.60

February 22, 2021

February 22, 2023

20,000

   4.92

June 10, 2020

June 10, 2022