Annual report [Section 13 and 15(d), not S-K Item 405]

Note 10 - Stock-based Compensation (Tables)

v3.25.2
Note 10 - Stock-based Compensation (Tables)
12 Months Ended
Mar. 30, 2025
Notes Tables  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
   

2025

   

2024

 
   

Weighted-

           

Weighted-

         
   

Average

   

Number of

   

Average

   

Number of

 
   

Exercise

   

Options

   

Exercise

   

Options

 
   

Price

   

Outstanding

   

Price

   

Outstanding

 

Outstanding at Beginning of Period

  $ 6.93       895,500     $ 7.32       735,500  

Granted

  $ 5.03       30,000     $ 5.20       170,000  

Expired

  $ 7.90       (52,500 )   $ 6.14       (10,000 )

Forfeited

  $ -       (110,000 )   $ -       -  

Outstanding at End of Period

  $ 6.84       763,000     $ 6.93       895,500  

Exercisable at End of Period

  $ 7.11       658,000     $ 7.41       665,500  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Fiscal Year Ended

 
   

March 30, 2025

   

March 31, 2024

 

Number of options issued

    10,000       20,000       40,000       10,000       120,000  

Grant date

 

July 15, 2024

   

June 10, 2024

   

March 26, 2024

   

November 14, 2023

   

June 21, 2023

 

Dividend yield

    6.67 %     6.21 %     6.07 %     7.60 %     6.08 %

Expected volatility

    20.00 %     20.00 %     20.00 %     20.00 %     25.00 %

Risk free interest rate

    4.23 %     4.62 %     4.38 %     4.56 %     4.29 %

Contractual term (years)

    10.00       10.00       10.00       10.00       10.00  

Expected term (years)

    3.00       3.00       3.00       3.00       3.00  

Forfeiture rate

    5.00 %     5.00 %     5.00 %     5.00 %     5.00 %

Exercise price (grant-date closing price) per option

  $ 4.80     $ 5.15     $ 5.27     $ 4.21     $ 5.26  

Fair value per option

  $ 0.26     $ 0.30     $ 0.32     $ 0.20     $ 0.46  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Fiscal Year Ended March 30, 2025

 
   

Cost of

   

Marketing &

         
   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

 

2023

  $ 6     $ 1     $ 7  

2024

    9       15       24  

2025

    6       2       8  
                         

Total stock option compensation

  $ 21     $ 18     $ 39  
   

Fiscal Year Ended March 31, 2024

 
   

Cost of

   

Marketing &

         
   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

 

2022

  $ 10     $ 21     $ 31  

2023

    22       32       54  

2024

    9       11       20  
                         

Total stock option compensation

  $ 41     $ 64     $ 105  

Stock Granted in Fiscal Year

 

2025

   

2024

 

2022

  $ 64     $ 185  

2023

    117       195  

2024

    262       278  

2025

    270       -  
                 

Total stock grant compensation

  $ 713     $ 658  
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
                     

Weighted-

           

Weighted-

 
             

Weighted-

   

Avg. Exercise

           

Avg. Exercise

 
     

Number

   

Avg. Remaining

   

Price of

   

Number

   

Price of

 

Exercise

   

of Options

   

Contractual

   

Options

   

of Options

   

Options

 

Price

   

Outstanding

   

Life in Years

   

Outstanding

   

Exercisable

   

Exercisable

 
$4.00 - 4.99       95,000       5.62     $ 4.77       80,000     $ 4.81  
$5.00 - 5.99       170,000       8.22     $ 5.29       80,000     $ 5.34  
$6.00 - 6.99       100,000       7.19     $ 6.54       100,000     $ 6.54  
$7.00 - 7.99       283,000       5.09     $ 7.69       283,000     $ 7.69  
$8.00 - 8.99       55,000       0.20     $ 8.38       55,000     $ 8.38  
$9.00 - 9.99       60,000       1.19     $ 9.60       60,000     $ 9.60  
        763,000       5.47     $ 6.84       658,000     $ 7.11  
Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares

   

Fair Value per Share

 

Grant Date

 

Vesting Period (Years)

81,176     $ 4.68  

August 15, 2024

 

One

60,412     $ 4.85  

August 15, 2023

 

One

Number of Shares

   

Fair Value per Share

 

Grant Date

 

Vesting Date

179,000     $ 3.82  

March 26, 2025

 

March 26, 2028

70,000     $ 5.27  

March 26, 2024

 

March 26, 2027

26,000     $ 4.77  

August 14, 2023

 

August 14, 2024

40,000     $ 5.85  

March 21, 2023

 

March 21, 2025