Crown Crafts, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 8 - Stock-based Compensation (Tables)

Note 8 - Stock-based Compensation (Tables)

12 Months Ended

Apr. 01, 2018

Notes Tables

Share-based Compensation, Stock Options, Activity [Table Text Block]

		Fiscal Year Ended April 1, 2018								Fiscal Year Ended April 2, 2017								Fiscal Year Ended April 3, 2016
		Weighted-								Weighted-								Weighted-
		Average				Number of				Average				Number of				Average				Number of
		Exercise				Options				Exercise				Options				Exercise				Options
		Price				Outstanding				Price				Outstanding				Price				Outstanding
Outstanding at Beginning of Period		$	8.35				322,500			$	7.64				305,000			$	6.83				330,000
Granted			7.35				140,000				9.60				120,000				8.38				110,000
Exercised			-				-				7.67				(102,500	)			6.27				(135,000	)
Forfeited			9.05				(67,500	)			-				-				-				-
Outstanding at End of Period			7.93				395,000				8.35				322,500				7.64				305,000
Exercisable at End of Period			7.94				220,000				7.33				147,500				6.72				112,500

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

		Stock Options Issued to Employees During Fiscal Years
		2018												2017				2016
Number of options issued			10,000				20,000				110,000				120,000				110,000
Grant date		December 18, 2017				August 4, 2017				June 8, 2017				June 8, 2016				June 12, 2015
Dividend yield			4.92	%			5.77	%			4.13	%			3.33	%			3.82	%
Expected volatility			25.00	%			25.00	%			25.00	%			20.00	%			20.00	%
Risk free interest rate			1.94	%			1.51	%			1.47	%			0.93	%			1.12	%
Contractual term (years)			10.00				10.00				10.00				10.00				10.00
Expected term (years)			3.00				3.00				3.00				3.00				3.00
Forfeiture rate			5.00	%			5.00	%			5.00	%			5.00	%			5.00	%
Exercise price (grant-date closing price) per option		$	6.50			$	5.55			$	7.75			$	9.60			$	8.38
Fair value per option		$	0.59			$	0.50			$	0.85			$	0.94			$	0.77

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

		Fiscal Year Ended April 1, 2018
Options Granted in Fiscal Year		Cost of Products Sold				Marketing & Administrative Expenses				Total Expense
2016		$	6			$	1			$	7
2017			26				15				41
2018			17				19				36

Total stock option compensation		$	49			$	35			$	84

		Fiscal Year Ended April 2, 2017
		Cost of				Marketing &
		Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense
2015		$	14			$	12			$	26
2016			23				19				42
2017			25				17				42

Total stock option compensation		$	62			$	48			$	110

		Fiscal Year Ended April 3, 2016
		Cost of				Marketing &
		Products				Administrative				Total
Options Granted in Fiscal Year		Sold				Expenses				Expense
2014		$	7			$	7			$	14
2015			54				45				99
2016			17				14				31

Total stock option compensation		$	78			$	66			$	144

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
$4.00	-	4.99				5,000				3.19				$4.81				5,000				$4.81
$5.00	-	5.99				40,000				6.77				$5.49				20,000				$5.42
$6.00	-	6.99				30,000				6.71				$6.26				20,000				$6.14
$7.00	-	7.99				160,000				8.07				$7.81				60,000				$7.90
$8.00	-	8.99				70,000				7.20				$8.38				70,000				$8.38
$9.00	-	9.99				90,000				8.19				$9.60				45,000				$9.60
						395,000				7.65				$7.93				220,000				$7.94

Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]

Number			Fair Value
of Shares			per Share			Grant Date
28,000				$5.50		August 9, 2017
28,000				10.08		August 10, 2016
28,000				8.20		August 12, 2015
28,000				7.97		August 11, 2014
28,000				6.67		August 14, 2013

Schedule of Nonvested Share Activity [Table Text Block]

			Fiscal Year Ended April 1, 2018
						Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense
2016		$	-			$	38			$	38
2017			108				141				249
2018			116				52				168

Total stock grant compensation		$	224			$	231			$	455

			Fiscal Year Ended April 2, 2017
						Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense
2015		$	-			$	37			$	37
2016			140				115				255
2017			108				94				202

Total stock grant compensation		$	248			$	246			$	494

			Fiscal Year Ended April 3, 2016
						Non-employee				Total
Stock Granted in Fiscal Year		Employees				Directors				Expense
2011		$	49			$	-			$	49
2014			-				31				31
2015			354				112				466
2016			140				76				216

Total stock grant compensation		$	543			$	219			$	762

Performance Shares [Member]

Notes Tables

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Fiscal Year		Shares				Fiscal Year				Fair Value Per				Compensation expense recognized during fiscal year
Earned		Granted				Granted				Share				2014				2015				2016				2017				2018				2019
2014			188,232				2015			$	5.650			$	354,000			$	354,000			$	354,000			$	-			$	-			$	-
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

	Fiscal							Vesting of shares during fiscal year 2016												Vesting of shares during fiscal year 2017												Vesting of shares during fiscal year 2018
	Year Granted			Shares Granted				Shares Vested				Aggregate Value				Taxes Remitted				Shares Vested				Aggregate Value				Taxes Remitted				Shares Vested				Aggregate Value				Taxes Remitted
	2015				188,232				188,532			$	1,618,000			$	789,000				-			$	-			$	-				-			$	-			$	-
	2016				58,532				29,267				275,000				138,000				29,265				240,000				86,000				-				-				-
	2017				41,205				-				-				-				-				-				-				20,604				167,000				56,000