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

Note 10 - Stock-based Compensation (Tables)

v3.26.1
Note 10 - Stock-based Compensation (Tables)
12 Months Ended
Mar. 29, 2026
Notes Tables  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
   

2026

   

2025

 
   

Weighted-

           

Weighted-

         
   

Average

   

Number of

   

Average

   

Number of

 
   

Exercise

   

Options

   

Exercise

   

Options

 
   

Price

   

Outstanding

   

Price

   

Outstanding

 

Outstanding at Beginning of Period

  $ 6.84       763,000     $ 6.93       895,500  

Granted

  $ -       -     $ 5.03       30,000  

Expired

  $ 8.38       (55,000 )   $ 7.90       (52,500 )

Forfeited

  $ 6.50       (174,000 )   $ 6.59       (110,000 )

Outstanding at End of Period

  $ 6.81       534,000     $ 6.84       763,000  

Exercisable at End of Period

  $ 6.85       524,000     $ 7.11       658,000  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Fiscal Year Ended

 
   

March 30, 2025

 

Number of options issued

    10,000       20,000  

Grant date

 

July 15, 2024

   

June 10, 2024

 

Dividend yield

    6.67 %     6.21 %

Expected volatility

    20.00 %     20.00 %

Risk free interest rate

    4.23 %     4.62 %

Contractual term (years)

    10.00       10.00  

Expected term (years)

    3.00       3.00  

Forfeiture rate

    5.00 %     5.00 %

Exercise price (grant-date closing price) per option

  $ 4.80     $ 5.15  

Fair value per option

  $ 0.26     $ 0.30  
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       75,000       4.94     $ 4.77       70,000     $ 4.76  
$ 5.00 - 5.99       120,000       7.08     $ 5.31       115,000     $ 5.31  
$ 6.00 - 6.99       70,000       6.19     $ 6.54       70,000     $ 6.54  
$ 7.00 - 7.99       209,000       3.95     $ 7.71       209,000     $ 7.71  
$ 8.00 - 8.99       0       0.00     $ 0.00       0     $ 0.00  
$ 9.00 - 9.99       60,000       0.19     $ 9.60       60,000     $ 9.60  
              534,000       4.66     $ 6.81       524,000     $ 6.85  
Schedule of Nonvested Share Activity [Table Text Block]
   

Number of

Shares

   

Weighted

Average Grant

Date Fair Value

 

Non-vested shares at March 31, 2024

    196,412     $ 5.19  

Granted

    270,176     $ 4.12  

Vested

    (126,412 )   $ 4.53  

Forfeited

    -     $ -  

Non-vested shares at March 30, 2025

    340,176     $ 4.59  

Granted

    217,276     $ 2.86  

Vested

    (91,747 )   $ 4.47  

Forfeited

    (21,429 )   $ 3.19  

Non-vested shares at March 29, 2026

    444,276     $ 3.84