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. 28, 2014
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 28, 2014

   

Six-Month Period Ended September 29, 2013

 
   

Weighted-Average

   

Number of Options

   

Weighted-Average

   

Number of Options

 
   

Exercise Price

   

Outstanding

   

Exercise Price

   

Outstanding

 

Outstanding at Beginning of Period

  $ 5.76       185,000     $ 5.23       145,000  

Granted

    7.90       165,000       6.14       100,000  

Exercised

    -       -       5.12       (30,000 )

Outstanding at End of Period

    6.77       350,000       5.67       215,000  

Exercisable at End of Period

    5.62       135,000       5.14       65,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Six-Month Periods Ended

 
   

September 28, 2014

   

September 29, 2013

 

Options issued

    165,000       100,000  

Grant Date

 

June 18, 2014

   

June 14, 2013

 

Dividend yield

    4.05 %     5.21 %

Expected volatility

    30.00 %     35.00 %

Risk free interest rate

    0.95 %     0.49 %

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)

  $ 7.90     $ 6.14  

Fair value

  $ 1.19     $ 0.98  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   

Three-Month Period Ended September 28, 2014

   

Three-Month Period Ended September 29, 2013

 
   

Cost of

   

Other Marketing &

           

Cost of

   

Other Marketing &

         
   

Products

   

Administrative

   

Total

   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

   

Sold

   

Expenses

   

Expense

 
2012   $ -     $ -     $ -     $ -     $ -     $ -  

2013

    -       -       -       10       10       20  

2014

    6       6       12       6       6       12  

2015

    12       10       22       -       -       -  
                                                 

Total stock option compensation

  $ 18     $ 16     $ 34     $ 16     $ 16     $ 32  
   

Six-Month Period Ended September 28, 2014

   

Six-Month Period Ended September 29, 2013

 
   

Cost of

   

Other Marketing &

           

Cost of

   

Other Marketing &

         
   

Products

   

Administrative

   

Total

   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

   

Sold

   

Expenses

   

Expense

 

2012

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

2013

    12       12       24       24       24       48  

2014

    13       13       26       7       7       14  

2015

    14       12       26       -       -       -  
                                                 

Total stock option compensation

  $ 39     $ 37     $ 76     $ 45     $ 42     $ 87  
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]
 

Number of Shares

   

Fair Value per Share

 

Three-Month Period Ended

  28,000     $7.97  

September 28, 2014

  28,000     $6.67  

September 29, 2013

  42,000     $5.62  

September 30, 2012

  30,000     $4.44  

October 2, 2011

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

Three-Month Period Ended September 28, 2014

   

Three-Month Period Ended September 29, 2013

 
           

Non-employee

   

Total

           

Non-employee

   

Total

 

Stock Granted in Fiscal Year

 

Employees

   

Directors

   

Expense

   

Employees

   

Directors

   

Expense

 

2011

  $ 41     $ -     $ 41     $ 43     $ -     $ 43  

2012

    -       -       -       -       6       6  

2013

    -       7       7       -       22       22  

2014

    -       23       23       44       16       60  

2015

    89       18       107       -       -       -  
                                                 

Total stock grant compensation

  $ 130     $ 48     $ 178     $ 87     $ 44     $ 131  
   

Six-Month Period Ended September 28, 2014

   

Six-Month Period Ended September 29, 2013

 
           

Non-employee

   

Total

           

Non-employee

   

Total

 

Stock Granted in Fiscal Year

 

Employees

   

Directors

   

Expense

   

Employees

   

Directors

   

Expense

 

2011

  $ 82     $ -     $ 82     $ 86     $ -     $ 86  

2012

    -       -       -       -       22       22  

2013

    -       27       27       -       52       52  

2014

    -       46       46       93       16       109  

2015

    178       18       196       -       -       -  
                                                 

Total stock grant compensation

  $ 260     $ 91     $ 351     $ 179     $ 90     $ 269