Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock-based Compensation (Tables)

v2.4.0.8
Note 4 - Stock-based Compensation (Tables)
6 Months Ended
Sep. 29, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Six-Month Period Ended September 29, 2013

   

Six-Month Period Ended September 30, 2012

 
   

Weighted-Average

Exercise Price

   

Number of Options

Outstanding

   

Weighted-Average

Exercise Price

   

Number of Options

Outstanding

 

Outstanding at Beginning of Period

  $ 5.23       145,000     $ 3.57       573,000  

Granted

    6.14       100,000       5.42       110,000  

Exercised

    5.12       (30,000 )     3.12       (296,250 )
Forfeited     -       -       0.71       (1,250 )

Outstanding at End of Period

    5.67       215,000       4.46       385,500  

Exercisable at End of Period

    5.14       65,000       3.91       225,500  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Six-Month Periods Ended

 
   

September 29, 2013

   

September 30, 2012

 

Options issued

    100,000       110,000  

Grant Date

 

June 14, 2013

   

June 13, 2012

 

Dividend yield

    5.21 %     5.90 %

Expected volatility

    35.00 %     65.00 %

Risk free interest rate

    0.49 %     0.55 %

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)

  $ 6.14     $ 5.42  

Fair value

  $ 0.98     $ 1.84  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   

Three-Month Period

   

Six-Month Period

 

Options Granted in Fiscal Year

 

Cost of

Products

Sold

   

Marketing &

Administrative

Expenses

   

Total

Expense

   

Cost of

Products

Sold

   

Marketing &

Administrative

Expenses

   

Total

Expense

 

2012

  $ -     $ -     $ -     $ 14     $ 11     $ 25  

2013

    10       10       20       24       24       48  

2014

    6       6       12       7       7       14  
                                                 

Total stock option compensation

  $ 16     $ 16     $ 32     $ 45     $ 42     $ 87  
   

Three-Month Period

   

Six-Month Period

 

Options Granted in Fiscal Year

 

Cost of

Products

Sold

   

Marketing &

Administrative

Expenses

   

Total

Expense

   

Cost of

Products

Sold

   

Marketing &

Administrative

Expenses

   

Total

Expense

 

2011

  $ -     $ -     $ -     $ 14     $ 13     $ 27  

2012

    12       13       25       29       29       58  

2013

    11       12       23       13       15       28  
                                                 

Total stock option compensation

  $ 23     $ 25     $ 48     $ 56     $ 57     $ 113  
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]
           

Number

Of Shares

 

Weighted-Average

Fair Value per Share

 

Three-Month

Period Ended

28,000

 

$6.67

   

September 29, 2013

42,000

 

5.62

   

September 30, 2012

30,000

 

4.44

   

October 2, 2011

30,000

 

4.36

   

September 26, 2010

Schedule of Other Share-based Compensation, Activity [Table Text Block]
   

Three-Month Period

   

Six-Month Period

 

Stock Granted in Fiscal Year

 

Employees

   

Non-employee

Directors

   

Total

Expense

   

Employees

   

Non-employee

Directors

   

Total

Expense

 

2011

  $ 43     $ -     $ 43     $ 86     $ -     $ 86  

2012

    -       6       6       -       22       22  

2013

    -       22       22       -       52       52  

2014

    44       16       60       93       16       109  
                                                 

Total stock grant compensation

  $ 87     $ 44     $ 131     $ 179     $ 90     $ 269  
   

Three-Month Period

   

Six-Month Period

 

Stock Granted in Fiscal Year

 

Employees

   

Non-employee

Directors

   

Total

Expense

   

Employees

   

Non-employee

Directors

   

Total

Expense

 

2011

  $ 52     $ 4     $ 56     $ 104     $ 18     $ 122  

2012

    -       17       17       -       33       33  

2013

    -       20       20       -       20       20  
                                                 

Total stock grant compensation

  $ 52     $ 41     $ 93     $ 104     $ 71     $ 175