Annual report pursuant to Section 13 and 15(d)

Note 8 - Stock-based Compensation (Tables)

v3.19.2
Note 8 - Stock-based Compensation (Tables)
12 Months Ended
Mar. 31, 2019
Notes Tables  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   
Fiscal Years Ended
 
   
March 31, 2019
   
April 1, 2018
 
   
Weighted-
   
 
 
 
 
Weighted-
   
 
 
 
   
Average
   
Number of
   
Average
   
Number of
 
   
Exercise
   
Options
   
Exercise
   
Options
 
   
Price
   
Outstanding
   
Price
   
Outstanding
 
Outstanding at Beginning of Period
  $
7.93
     
395,000
    $
8.35
     
322,500
 
Granted
   
5.90
     
110,000
     
7.35
     
140,000
 
Forfeited
   
7.83
     
(47,500
)    
9.05
     
(67,500
)
Outstanding at End of Period
   
7.45
     
457,500
     
7.93
     
395,000
 
Exercisable at End of Period
   
8.03
     
292,500
     
7.94
     
220,000
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Stock Options Granted to Employees During Fiscal Years Ended
 
   
2019
   
 
 
 
 
2018
   
 
 
 
Number of options issued
   
110,000
     
10,000
     
20,000
     
110,000
 
Grant date
 
 
June 13, 2018
   
 
December 18, 2017
   
 
August 4, 2017
   
 
June 8, 2017
 
Dividend yield
   
5.42
%    
4.92
%    
5.77
%    
4.13
%
Expected volatility
   
25.00
%    
25.00
%    
25.00
%    
25.00
%
Risk free interest rate
   
2.78
%    
1.94
%    
1.51
%    
1.47
%
Contractual term (years)
   
10.00
     
10.00
     
10.00
     
10.00
 
Expected term (years)
   
4.00
     
3.00
     
3.00
     
3.00
 
Forfeiture rate
   
5.00
%    
5.00
%    
5.00
%    
5.00
%
Exercise price (grant-date closing price) per option
  $
5.90
    $
6.50
    $
5.55
    $
7.75
 
Fair value per option
  $
0.49
    $
0.59
    $
0.50
    $
0.85
 
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   
Fiscal Year Ended March 31, 2019
 
   
Cost of
   
Marketing &
   
 
 
 
   
Products
   
Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
 
2017
  $
6
    $
4
    $
10
 
2018
   
17
     
26
     
43
 
2019
   
7
     
13
     
20
 
                         
Total stock option compensation
  $
30
    $
43
    $
73
 
   
Fiscal Year Ended April 1, 2018
 
   
Cost of
   
Marketing &
   
 
 
 
   
Products
   
Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
 
2016
  $
6
    $
1
    $
7
 
2017
   
26
     
15
     
41
 
2018
   
17
     
19
     
36
 
                         
Total stock option compensation
  $
49
    $
35
    $
84
 
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
   
 
 
 
 
 
 
 
 
 
 
 
Weighted-
   
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
Weighted-
   
Avg. Exercise
   
 
 
 
 
Avg. Exercise
 
 
 
 
 
 
Number
   
Avg. Remaining
   
Price of
   
Number
   
Price of
 
Exercise
   
of Options
   
Contractual
   
Options
   
of Options
   
Options
 
Price
   
Outstanding
   
Life in Years
   
Outstanding
   
Exercisable
   
Exercisable
 
$4.00
-
4.99
     
5,000
     
2.20
    $
4.81
     
5,000
    $
4.81
 
$5.00
-
5.99
     
140,000
     
8.29
    $
5.81
     
25,000
    $
5.45
 
$6.00
-
6.99
     
30,000
     
5.71
    $
6.26
     
25,000
    $
6.21
 
$7.00
-
7.99
     
142,500
     
7.09
    $
7.81
     
97,500
    $
7.83
 
$8.00
-
8.99
     
60,000
     
6.20
    $
8.38
     
60,000
    $
8.38
 
$9.00
-
9.99
     
80,000
     
7.19
    $
9.60
     
80,000
    $
9.60
 
 
 
 
     
457,500
     
7.21
    $
7.45
     
292,500
    $
8.03
 
Share-based Payment Arrangement, Nonemployee Director Award Plan, Activity [Table Text Block]
Number
   
Fair Value
   
of Shares
   
per Share
 
Grant Date
28,000      
$5.43
 
August 8, 2018
28,000      
5.50
 
August 9, 2017
28,000      
10.08
 
August 10, 2016
28,000      
8.20
 
August 12, 2015
Schedule of Nonvested Share Activity [Table Text Block]
   
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
 
2017
  $
-
    $
47
    $
47
 
2018
   
116
     
77
     
193
 
2019
   
13
     
51
     
64
 
                         
Total stock grant compensation
  $
129
    $
175
    $
304
 
   
 
 
 
 
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
 
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
   
2016
   
2017
   
2018
   
2019
 
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
fiscal year
ended
 
Fiscal
 
 
 
 
 
March 31
, 201
9
   
April 1
, 201
8
 
Year
 
Shares
   
Shares
   
Aggregate
   
Taxes
   
Shares
   
Aggregate
   
Taxes
 
Granted
 
Granted
   
Vested
   
Value
   
Remitted
   
Vested
   
Value
   
Remitted
 
2017
   
41,205
     
20,601
    $
122,000
    $
39,000
     
20,604
    $
167,000
    $
56,000
 
2018
   
42,250
     
21,125
     
124,000
     
56,000
     
-
     
-
     
-
 
                                                         
   
 
Total
     
41,726
    $
246,000
    $
95,000
     
20,604
    $
167,000
    $
56,000