Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock-based Compensation (Tables)

v3.5.0.2
Note 5 - Stock-based Compensation (Tables)
3 Months Ended
Jul. 03, 2016
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Three-Month Period Ended
 
 
Three-Month Period Ended
 
 
 
July 3, 2016
 
 
June 28, 2015
 
 
 
Weighted-
Average
Exercise
Price
 
 
Number of
Options
Outstanding
 
 
Weighted-
Average
Exercise
Price
 
 
Number of
Options
Outstanding
 
Outstanding at Beginning of Period
  $ 7.64       305,000     $ 6.83       330,000  
Granted
    9.60       120,000       8.38       110,000  
Exercised
    7.64       (25,000 )     -       -  
Outstanding at End of Period
    8.22       400,000       7.22       440,000  
Exercisable at End of Period
    7.45       225,000       6.47       247,500  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Three-Month Periods Ended
 
 
 
July 3, 2016
 
 
June 28, 2015
 
Options issued
    120,000       110,000  
Grant date
    June 8, 2016       June 12, 2015  
Dividend yield
    3.33 %     3.82 %
Expected volatility
    20.00 %     20.00 %
Risk free interest rate
    0.93 %     1.12 %
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
  $ 9.60     $ 8.38  
Fair value per option
  $ 0.94     $ 0.77  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
 
Three-Month Period Ended July 3, 2016
   
Three-Month Period Ended June 28, 2015
 
Options Granted in Fiscal Year
 
Cost of
Products
Sold
   
Marketing &
Administrative
Expenses
   
Total
Expense
   
Cost of
Products
Sold
   
Marketing &
Administrative
Expenses
   
Total
Expense
 
2014
  $ -     $ -     $ -     $ 7     $ 7     $ 14  
2015
    14       12       26       16       13       29  
2016
    7       6       13       1       1       2  
2017
    2       1       3       -       -       -  
                                                 
Total stock option compensation
  $ 23     $ 19     $ 42     $ 24     $ 21     $ 45  
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
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Three-Month Period Ended July 3, 2016
   
Three-Month Period Ended June 28, 2015
 
Stock Granted in Fiscal Year
 
Employees
   
Non-employee
Directors
   
Total
Expense
   
Employees
   
Non-employee
Directors
   
Total
Expense
 
2011
  $ -     $ -     $ -     $ 36     $ -     $ 36  
2014
    -       -       -       -       23       23  
2015
    -       28       28       89       28       117  
2016
    35       29       64       35       -       35  
2017
    27       -       27       -       -       -  
                                                 
Total stock grant compensation
  $ 62     $ 57     $ 119     $ 160     $ 51     $ 211