Annual report pursuant to Section 13 and 15(d)

Note 9 - Stock-based Compensation (Tables)

v2.4.0.8
Note 9 - Stock-based Compensation (Tables)
12 Months Ended
Mar. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Fiscal Year Ended March 30, 2014

   

Fiscal Year Ended March 31, 2013

 
   

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       (60,000 )     3.46       (521,750 )

Expired

    -       -       0.71       (1,250 )

Forfeited

    -       -       5.22       (15,000 )

Outstanding at End of Period

    5.76       185,000       5.23       145,000  

Exercisable at End of Period

    5.16       35,000       -       -  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2014

   

2013

 

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]
   

Fiscal Year Ended March 30, 2014

 

Options Granted in Fiscal Year

 

Cost of

Products

Sold

   

Other Marketing

& Administrative

Expenses

   

Total

Expense

 

2012

  $ 13     $ 11     $ 24  

2013

    46       46       92  

2014

    18       18       36  
                         

Total stock option compensation

  $ 77     $ 75     $ 152  
   

Fiscal Year Ended March 31, 2013

 

Options Granted in Fiscal Year

 

Cost of

Products

Sold

   

Other Marketing

& Administrative

Expenses

   

Total

Expense

 

2011

  $ 13     $ 13     $ 26  

2012

    54       46       100  

2013

    34       34       68  
                         

Total stock option compensation

  $ 101     $ 93     $ 194  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
 

Exercise

Price

   

Number

of Options

Outstanding

   

Weighted

Avg. Remaining

Contractual

Life in Years

   

Weighted

Avg. Exercise

Price of

Options

Outstanding

   

Number

of Options

Exercisable

   

Weighted

Avg. Exercise

Price of

Options

Exercisable

 
  $ 4.81       15,000       7.20     $ 4.81       15,000     $ 4.81  
  $ 5.42       70,000       8.21     $ 5.42       20,000     $ 5.42  
  $ 6.14       100,000       9.21     $ 6.14       -     $ -  
            185,000       8.67     $ 5.76       35,000     $ 5.16  
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]
   

Fiscal Year Ended March 30, 2014

 

Stock Granted in Fiscal Year

 

Employees

   

Non-employee

Directors

   

Total

Expense

 

2011

  $ 182     $ -     $ 182  

2012

    -       22       22  

2013

    -       92       92  

2014

    93       63       156  
                         

Total stock grant compensation

  $ 275     $ 177     $ 452  
   

Fiscal Year Ended March 31, 2013

 

Stock Granted in Fiscal Year

 

Employees

   

Non-employee

Directors

   

Total

Expense

 

2011

  $ 295     $ 18     $ 313  

2012

    -       66       66  

2013

    -       79       79  
                         

Total stock grant compensation

  $ 295     $ 163     $ 458