Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock-based Compensation (Tables)

v3.7.0.1
Note 5 - Stock-based Compensation (Tables)
3 Months Ended
Jul. 02, 2017
Notes Tables  
Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Three-Month Period Ended
 
 
Three-Month Period Ended
 
 
 
July 2, 2017
 
 
July 3, 2016
 
 
 
Weighted-
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Average
 
 
Number of
 
 
Average
 
 
Number of
 
 
 
Exercise
 
 
Options
 
 
Exercise
 
 
Options
 
 
 
Price
 
 
Outstanding
 
 
Price
 
 
Outstanding
 
Outstanding at Beginning of Period
  $
8.35
     
322,500
    $
7.64
     
305,000
 
Granted
   
7.75
     
110,000
     
9.60
     
120,000
 
Exercised
   
-
     
-
     
7.64
     
(25,000
)
Forfeited
   
9.19
     
(15,000
)    
-
     
-
 
Outstanding at End of Period
   
8.17
     
417,500
     
8.22
     
400,000
 
Exercisable at End of Period
   
8.03
     
252,500
     
7.45
     
225,000
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Three-Month Periods Ended
 
 
 
July 2, 2017
 
 
July 3, 2016
 
Options issued
   
110,000
     
120,000
 
Grant date
 
June 8, 2017
   
June 8, 2016
 
Dividend yield
   
4.13
%    
3.33
%
Expected volatility
   
25.00
%    
20.00
%
Risk free interest rate
   
1.47
%    
0.93
%
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
  $
7.75
    $
9.60
 
Fair value per option
  $
0.85
    $
0.94
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
 
Three-Month Period Ended July 2, 2017
   
Three-Month Period Ended July 3, 2016
 
 
 
Cost of
   
Marketing &
 
 
 
 
 
 
Cost of
   
Marketing &
 
 
 
 
 
 
 
Products
   
Administrative
   
Total
   
Products
   
Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
   
Sold
   
Expenses
   
Expense
 
2015
  $
-
    $
-
    $
-
    $
14
    $
12
    $
26
 
2016
   
6
     
1
     
7
     
7
     
6
     
13
 
2017
   
10
     
2
     
12
     
2
     
1
     
3
 
2018
   
2
     
1
     
3
     
-
     
-
     
-
 
                                                 
Total stock option compensation
  $
18
    $
4
    $
22
    $
23
    $
19
    $
42
 
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]
Number of Shares
   
Fair Value per Share
 
Grant Date
28,000      
$10.08
 
August 10, 2016
28,000      
$8.20
 
August 12, 2015
28,000      
$7.97
 
August 11, 2014
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Three-Month Period Ended July 2, 2017
   
Three-Month Period Ended July 3, 2016
 
 
 
 
 
 
 
Non-employee
   
Total
 
 
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2015
  $
-
    $
-
    $
-
    $
-
    $
28
    $
28
 
2016
   
-
     
29
     
29
     
35
     
29
     
64
 
2017
   
27
     
35
     
62
     
27
     
-
     
27
 
2018
   
29
     
-
     
29
     
-
     
-
     
-
 
                                                 
Total stock grant compensation
  $
56
    $
64
    $
120
    $
62
    $
57
    $
119
 
Performance Shares [Member]  
Notes Tables  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
                   
Fair
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal
 
 
 
 
 
Fiscal
 
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Shares
 
 
Year
 
 
Per
 
 
Compensation expense recognized during fiscal year
 
Earned
 
Granted
 
 
Granted
 
 
Share
 
 
2015
 
 
2016
 
 
2017
 
 
2018
 
 
2019
 
2015
   
58,532
     
2016
    $
7.180
    $
140,000
    $
140,000
    $
140,000
    $
-
    $
-
 
2016
   
41,205
     
2017
     
7.865
     
-
     
108,000
     
108,000
     
108,000
     
-
 
2017
   
42,250
     
2018
     
8.271
     
-
     
-
     
116,000
     
116,000
     
116,000
 
           
Vesting of shares during the three-month periods ended
 
Fiscal
 
 
 
 
 
July 2, 2017
 
 
July 3, 2016
 
Year
 
Shares
 
 
Shares
 
 
Aggregate
 
 
Taxes
 
 
Shares
 
 
Aggregate
 
 
Taxes
 
Granted
 
Granted
 
 
Vested
 
 
Value
 
 
Remitted
 
 
Vested
 
 
Value
 
 
Remitted
 
2017
   
41,205
     
20,604
    $
167,000
    $
56,000
     
-
    $
-
    $
-