Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Stock-based Compensation (Tables)

v3.23.2
Note 12 - Stock-based Compensation (Tables)
3 Months Ended
Jul. 02, 2023
Notes Tables  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
   

Three-Month Periods Ended

 
   

July 2, 2023

   

July 3, 2022

 
   

Weighted-

           

Weighted-

         
   

Average

   

Number of

   

Average

   

Number of

 
   

Exercise

   

Options

   

Exercise

   

Options

 
   

Price

   

Outstanding

   

Price

   

Outstanding

 

Outstanding at Beginning of Period

  $ 7.32       735,500     $ 7.39       635,500  

Granted

    5.26       120,000       6.54       120,000  

Exercised

    -       -       4.92       (15,000 )

Expired

    6.14       (10,000 )     -       -  

Outstanding at End of Period

    7.04       845,500       7.31       740,500  

Exercisable at End of Period

    7.41       665,500       7.40       504,000  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Three-Month Periods Ended

 
   

July 2, 2023

   

July 3, 2022

 

Number of options issued

    120,000       120,000  

Grant date

 

June 21, 2023

   

June 7, 2022

 

Dividend yield

    6.08 %     4.89 %

Expected volatility

    25.00 %     30.00 %

Risk free interest rate

    4.29 %     2.95 %

Contractual term (years)

    10.00       10.00  

Expected term (years)

    3.00       4.00  

Forfeiture rate

    5.00 %     5.00 %

Exercise price (grant-date closing price) per option

  $ 5.26     $ 6.54  

Fair value per option

  $ 0.46     $ 0.90  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three-Month Period Ended July 2, 2023

   

Three-Month Period Ended July 3, 2022

 
   

Cost of

   

Marketing &

           

Cost of

   

Marketing &

         
   

Products

   

Administrative

   

Total

   

Products

   

Administrative

   

Total

 

Options Granted in Fiscal Year

 

Sold

   

Expenses

   

Expense

   

Sold

   

Expenses

   

Expense

 

2021

  $ -     $ -     $ -     $ 3     $ 11     $ 14  

2022

    10       21       31       12       30       42  

2023

    7       9       16       2       2       4  

2024

    -       1       1       -       -       -  
                                                 

Total stock option compensation

  $ 17     $ 31     $ 48     $ 17     $ 43     $ 60  
   

Three-Month Periods Ended

 

Stock Granted in Fiscal Year

 

July 2, 2023

   

July 3, 2022

 

2021

  $ -     $ 48  

2022

    55       225  

2023

    88       -  
                 

Total stock grant compensation

  $ 143     $ 273  
Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares

   

Fair Value per Share

 

Grant Date

 

Vesting Period (Years)

46,896     $ 6.65  

August 16, 2022

 

One

40,165       7.47  

August 11, 2021

 

One

41,452       5.79  

August 12, 2020

 

Two

Number of Shares

   

Fair Value per Share

 

Grant Date

 

Vesting Date

40,000     $ 5.85  

March 21, 2023

 

March 21, 2025

25,000       7.98  

June 9, 2021

 

June 9, 2022

10,000       7.60  

February 22, 2021

 

February 22, 2023

20,000       4.92  

June 10, 2020

 

June 10, 2022