Note 9 - Stock-based Compensation (Tables)
|
12 Months Ended |
Apr. 03, 2022 |
|---|
| Notes Tables |
|
| Share-Based Payment Arrangement, Option, Activity [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
| |
|
Weighted- |
|
|
|
|
|
|
Weighted- |
|
|
|
|
|
| |
|
Average |
|
|
Number of |
|
|
Average |
|
|
Number of |
|
| |
|
Exercise |
|
|
Options |
|
|
Exercise |
|
|
Options |
|
| |
|
Price |
|
|
Outstanding |
|
|
Price |
|
|
Outstanding |
|
| Outstanding at Beginning of Period |
|
$ |
6.84 |
|
|
|
567,500 |
|
|
$ |
6.86 |
|
|
|
517,500 |
|
| Granted |
|
|
7.98 |
|
|
|
158,000 |
|
|
|
5.81 |
|
|
|
185,000 |
|
| Exercised |
|
|
7.72 |
|
|
|
(70,000 |
) |
|
|
7.27 |
|
|
|
(135,000 |
) |
| Forfeited |
|
|
4.84 |
|
|
|
(20,000 |
) |
|
|
- |
|
|
|
- |
|
| Outstanding at End of Period |
|
|
7.39 |
|
|
|
635,500 |
|
|
|
6.84 |
|
|
|
567,500 |
|
| Exercisable at End of Period |
|
|
7.50 |
|
|
|
390,000 |
|
|
|
7.84 |
|
|
|
320,000 |
|
|
| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| |
|
Fiscal Year Ended |
|
| |
|
April 3, 2022 |
|
|
March 28, 2021 |
|
| Number of options issued |
|
|
158,000 |
|
|
|
75,000 |
|
|
|
110,000 |
|
| Grant date |
|
June 9, 2021 |
|
|
January 4, 2021 |
|
|
June 10, 2020 |
|
| Dividend yield |
|
|
4.00 |
% |
|
|
4.50 |
% |
|
|
6.50 |
% |
| Expected volatility |
|
|
35.00 |
% |
|
|
35.00 |
% |
|
|
30.00 |
% |
| Risk free interest rate |
|
|
0.530 |
% |
|
|
0.260 |
% |
|
|
0.275 |
% |
| Contractual term (years) |
|
|
10.00 |
|
|
|
10.00 |
|
|
|
10.00 |
|
| Expected term (years) |
|
|
4.00 |
|
|
|
4.00 |
|
|
|
4.00 |
|
| Forfeiture rate |
|
|
5.00 |
% |
|
|
5.00 |
% |
|
|
5.00 |
% |
| Exercise price (grant-date closing price) per option |
|
$ |
7.98 |
|
|
$ |
7.11 |
|
|
$ |
4.92 |
|
| Fair value per option |
|
$ |
1.61 |
|
|
$ |
1.30 |
|
|
$ |
0.56 |
|
|
| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] |
| |
|
Fiscal Year Ended April 3, 2022 |
|
| |
|
Cost of |
|
|
Marketing & |
|
|
|
|
|
| |
|
Products |
|
|
Administrative |
|
|
Total |
|
| Options Granted in Fiscal Year |
|
Sold |
|
|
Expenses |
|
|
Expense |
|
| 2020 |
|
$ |
3 |
|
|
$ |
4 |
|
|
$ |
7 |
|
| 2021 |
|
|
14 |
|
|
|
64 |
|
|
|
78 |
|
| 2022 |
|
|
30 |
|
|
|
66 |
|
|
|
96 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total stock option compensation |
|
$ |
47 |
|
|
$ |
134 |
|
|
$ |
181 |
|
| |
|
Fiscal Year Ended March 28, 2021 |
|
| |
|
Cost of |
|
|
Marketing & |
|
|
|
|
|
| |
|
Products |
|
|
Administrative |
|
|
Total |
|
| Options Granted in Fiscal Year |
|
Sold |
|
|
Expenses |
|
|
Expense |
|
| 2019 |
|
$ |
2 |
|
|
$ |
3 |
|
|
$ |
5 |
|
| 2020 |
|
|
10 |
|
|
|
15 |
|
|
|
25 |
|
| 2021 |
|
|
10 |
|
|
|
23 |
|
|
|
33 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total stock option compensation |
|
$ |
22 |
|
|
$ |
41 |
|
|
$ |
63 |
|
| Stock Granted in Fiscal Year |
|
2022 |
|
|
2021 |
|
| 2019 |
|
$ |
- |
|
|
$ |
87 |
|
| 2020 |
|
|
40 |
|
|
|
120 |
|
| 2021 |
|
|
207 |
|
|
|
124 |
|
| 2022 |
|
|
406 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total stock grant compensation |
|
$ |
653 |
|
|
$ |
331 |
|
|
| 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 |
|
|
115,000 |
|
|
|
7.80 |
|
|
$ |
4.86 |
|
|
|
65,000 |
|
|
$ |
4.81 |
|
| $ |
5.00 |
- |
5.99 |
|
|
20,000 |
|
|
|
6.20 |
|
|
$ |
5.90 |
|
|
|
20,000 |
|
|
$ |
5.90 |
|
| $ |
6.00 |
- |
6.99 |
|
|
10,000 |
|
|
|
1.20 |
|
|
$ |
6.14 |
|
|
|
10,000 |
|
|
$ |
6.14 |
|
| $ |
7.00 |
- |
7.99 |
|
|
365,500 |
|
|
|
7.22 |
|
|
$ |
7.74 |
|
|
|
170,000 |
|
|
$ |
7.65 |
|
| $ |
8.00 |
- |
8.99 |
|
|
55,000 |
|
|
|
3.19 |
|
|
$ |
8.38 |
|
|
|
55,000 |
|
|
$ |
8.38 |
|
| $ |
9.00 |
- |
9.99 |
|
|
70,000 |
|
|
|
4.18 |
|
|
$ |
9.60 |
|
|
|
70,000 |
|
|
$ |
9.60 |
|
| |
|
|
|
|
|
635,500 |
|
|
|
6.51 |
|
|
$ |
7.39 |
|
|
|
390,000 |
|
|
$ |
7.50 |
|
|
| Schedule of Nonvested Share Activity [Table Text Block] |
| Number of Shares |
|
|
Fair Value per Share |
|
Grant Date |
|
Vesting Period (Years) |
| 40,165 |
|
|
$ |
7.47 |
|
August 11, 2021 |
|
One |
| 41,452 |
|
|
|
5.79 |
|
August 12, 2020 |
|
Two |
| 46,512 |
|
|
|
5.16 |
|
August 14, 2019 |
|
Two |
| 28,000 |
|
|
|
5.43 |
|
August 8, 2018 |
|
Two |
| Number of Shares |
|
|
Fair Value per Share |
|
Grant Date |
|
Vesting Date |
| 25,000 |
|
|
$ |
5.86 |
|
January 18, 2019 |
|
January 18, 2021 |
| 20,000 |
|
|
|
4.92 |
|
June 10, 2020 |
|
June 10, 2022 |
| 10,000 |
|
|
|
7.60 |
|
February 22, 2021 |
|
February 22, 2023 |
| 25,000 |
|
|
|
7.98 |
|
June 9, 2021 |
|
June 9, 2022 |
|