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

Annual report pursuant to Section 13 and 15(d)

Note 7 - Stock-based Compensation (Tables)

Note 7 - Stock-based Compensation (Tables)

12 Months Ended

Apr. 02, 2017

Notes Tables

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

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

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

		2017				2016
Options issued			120,000				110,000
Grant date			June 8, 2016				June 12, 2015
Dividend yield			3.33	%			3.82	%
Expected volatility			20.00	%			20.00	%
Risk free interest rate			0.93	%			1.12	%
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		$	9.60			$	8.38
Fair value per option		$	0.94			$	0.77

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

		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]

												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
$	4.81				5,000				4.19			$	4.81				5,000			$	4.81
$	5.42				20,000				5.20			$	5.42				20,000			$	5.42
$	6.14				20,000				6.20			$	6.14				20,000			$	6.14
$	7.90				67,500				7.21			$	7.90				67,500			$	7.90
$	8.38				90,000				8.19			$	8.38				35,000			$	8.38
$	9.60				120,000				9.18			$	9.60				-				-
					322,500				7.98			$	8.35				147,500			$	7.33

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			$	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 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]

										Fair
Fiscal						Fiscal				Value
Year		Shares				Year				Per				Compensation expense recognized during fiscal year
Earned		Granted				Granted				Share				2014				2015				2016				2017				2018
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

Fiscal						Vesting of shares during fiscal 2016												Vesting of shares during fiscal 2017
Year		Shares				Shares				Aggregate				Taxes				Shares				Aggregate				Taxes
Granted		Granted				Vested				Value				Remitted				Vested				Value				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