Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock-based Compensation (Tables)

v3.3.1.900
Note 4 - Stock-based Compensation (Tables)
9 Months Ended
Dec. 27, 2015
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Nine-Month Period Ended
 
 
Nine-Month Period Ended
 
 
 
December 27, 2015
 
 
December 28, 2014
 
 
 
Weighted-
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Average
 
 
Number of
 
 
Average
 
 
Number of
 
 
 
Exercise
 
 
Options
 
 
Exercise
 
 
Options
 
 
 
Price
 
 
Outstanding
 
 
Price
 
 
Outstanding
 
Outstanding at Beginning of Period
  $ 6.83       330,000     $ 5.76       185,000  
Granted
    8.38       110,000       7.90       165,000  
Exercised
    6.30       (55,000 )     5.78       (10,000 )
Outstanding at End of Period
    7.35       385,000       6.80       340,000  
Exercisable at End of Period
    6.52       192,500       5.60       125,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Options Issued to Employees
 
 
 
Nine-Month Periods Ended
 
 
 
December 27, 2015
 
 
December 28, 2014
 
Options issued
    110,000       165,000  
Grant date
 
June 12, 2015
   
June 18, 2014
 
Dividend yield
    3.82 %     4.05 %
Expected volatility
    20.00 %     30.00 %
Risk free interest rate
    1.12 %     0.95 %
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
  $ 8.38     $ 7.90  
Fair value per option
  $ 0.77     $ 1.19  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
 
Three-Month Period Ended December 27, 2015
   
Three-Month Period Ended December 28, 2014
 
 
 
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
 
2014
  $ -     $ -     $ -     $ 6     $ 6     $ 12  
2015
    12       10       22       12       10       22  
2016
    5       4       9       -       -       -  
                                                 
Total stock option compensation
  $ 17     $ 14     $ 31     $ 18     $ 16     $ 34  
 
 
Nine-Month Period Ended December 27, 2015
   
Nine-Month Period Ended December 28, 2014
 
 
 
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
 
2013
  $ -     $ -     $ -     $ 12     $ 12     $ 24  
2014
    7       7       14       19       19       38  
2015
    40       34       74       26       22       48  
2016
    11       9       20       -       -       -  
                                                 
Total stock option compensation
  $ 58     $ 50     $ 108     $ 57     $ 53     $ 110  
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       $8.20  
September 27, 2015
    28,000       $7.97  
September 28, 2014
    28,000       $6.67  
September 29, 2013
    42,000       $5.62  
September 30, 2012
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Three-Month Period Ended December 27, 2015
 
 
Three-Month Period Ended December 28, 2014
 
 
 
 
 
 
 
Non-employee
   
Total
 
 
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2011
  $ -     $ -     $ -     $ 51     $ -     $ 51  
2014
    -       -       -       -       23       23  
2015
    89       28       117       89       28       117  
2016
    35       29       64       -       -       -  
                                                 
Total stock grant compensation
  $ 124     $ 57     $ 181     $ 140     $ 51     $ 191  
 
 
Nine-Month Period Ended December 27, 2015
   
Nine-Month Period Ended December 28, 2014
 
 
 
 
 
 
 
Non-employee
   
Total
 
 
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2011
  $ 48     $ -     $ 48     $ 133     $ -     $ 133  
2013
    -       -       -       -       27       27  
2014
    -       31       31       -       69       69  
2015
    267       84       351       267       46       313  
2016
    105       48       153       -       -       -  
                                                 
Total stock grant compensation
  $ 420     $ 163     $ 583     $ 400     $ 142     $ 542