Annual report pursuant to Section 13 and 15(d)

Note 5 - Stock-based Compensation (Tables)

v3.4.0.3
Note 5 - Stock-based Compensation (Tables)
12 Months Ended
Apr. 03, 2016
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Fiscal Year Ended
April 3, 2016
 
 
Fiscal Year Ended
March 29, 2015
 
 
 
Weighted-
Average
Exercise
Price
 
 
Number of
Options
Outstanding
 
 
Weighted-
Average
Exercise
Price
 
 
Number of
Options
Outstanding
 
Outstanding at Beginning of Period
  $ 6.83       330,000     $ 5.76       185,000  
Granted
    8.38       110,000       7.90       165,000  
Exercised
    6.27       (135,000 )     5.78       (20,000 )
Outstanding at End of Period
    7.64       305,000       6.83       330,000  
Exercisable at End of Period
    6.72       112,500       5.59       115,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
2016
 
 
2015
 
Options issued
    110,000       165,000  
Grant date
    June 12, 2015       June 18, 2014  
Dividend yield
    3.82 %     4.05 %
Expected volatility
    20.00 %     30.00 %
Risk free interest rate
    1.12 %     0.95 %
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
  $ 8.38     $ 7.90  
Fair value per option
  $ 0.77     $ 1.19  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
 
Fiscal Year Ended April 3, 2016
 
Options Granted in Fiscal Year
 
Cost of
Products
Sold
 
 
Other Marketing
& Administrative
Expenses
 
 
Total
Expense
 
2014
  $ 7     $ 7     $ 14  
2015
    54       45       99  
2016
    17       14       31  
                         
Total stock option compensation
  $ 78     $ 66     $ 144  
 
 
Fiscal Year Ended March 29, 2015
 
Options Granted in Fiscal Year
 
Cost of
Products
Sold
 
 
Other Marketing
& Administrative
Expenses
 
 
 
Total
Expense
 
2013
  $ 12     $ 12     $ 24  
2014
    24       24       48  
2015
    39       32       71  
                         
Total stock option compensation
  $ 75     $ 68     $ 143  
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
 
$ 4.81       10,000       5.19     $ 4.81       10,000     $ 4.81  
$ 5.42       20,000       6.19     $ 5.42       20,000     $ 5.42  
$ 6.14       30,000       7.20     $ 6.14       30,000     $ 6.14  
$ 7.90       135,000       8.21     $ 7.90       52,500     $ 7.90  
$ 8.38       110,000       9.19     $ 8.38       -       -  
          305,000       8.23     $ 7.64       112,500     $ 6.72  
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     $ 8.20  
August 12, 2015
28,000       7.97  
August 11, 2014
28,000       6.67  
August 14, 2013
42,000       5.62  
August 15, 2012
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Fiscal Year Ended April 3, 2016
 
Stock Granted in Fiscal Year
 
Employees
 
 
Non-employee
Directors
 
 
Total
Expense
 
2011
  $ 49     $ -     $ 49  
2014
    -       31       31  
2015
    354       112       466  
2016
    140       76       216  
                         
Total stock grant compensation
  $ 543     $ 219     $ 762  
 
 
Fiscal Year Ended March 29, 2015
 
Stock Granted in Fiscal Year
 
Employees
 
 
Non-employee
Directors
 
 
Total
Expense
 
2011
  $ 170     $ -     $ 170  
2013
    -       26       26  
2014
    -       94       94  
2015
    354       75       429  
                         
Total stock grant compensation
  $ 524     $ 195     $ 719