Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock-based Compensation (Tables)

v3.3.0.814
Note 4 - Stock-based Compensation (Tables)
6 Months Ended
Sep. 27, 2015
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Six-Month Period Ended
 
 
Six-Month Period Ended
 
 
 
September 27, 2015
 
 
September 28, 2014
 
 
 
Weighted-
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Average
 
 
Number of
 
 
Average
 
 
Number of
 
 
 
Exercise
 
 
Options
 
 
Exercise
 
 
Options
 
 
 
Price
 
 
Outstanding
 
 
Price
 
 
Outstanding
 
Outstanding at Beginning of Period
  $ 6.83       330,000     $ 5.76       185,000  
Granted
    8.38       110,000       7.90       165,000  
Exercised
    6.57       (22,500 )     -       -  
Outstanding at End of Period
    7.25       417,500       6.77       350,000  
Exercisable at End of Period
    6.46       225,000       5.62       135,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Six-Month Periods Ended
 
 
 
September 27,
2015
 
 
September 28,
2014
 
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]
 
 
Three-Month Period Ended September 27, 2015
   
Three-Month Period Ended September 28, 2014
 
 
 
Cost of
   
Other Marketing
 
 
 
 
 
 
Cost of
   
Other Marketing
 
 
 
 
 
 
 
Products
   
& Administrative
   
Total
   
Products
   
& Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
   
Sold
   
Expenses
   
Expense
 
2014
  $ -     $ -     $ -     $ 6     $ 6     $ 12  
2015
    12       11       23       12       10       22  
2016
    5       4       9       -       -       -  
                                                 
Total stock option compensation
  $ 17     $ 15     $ 32     $ 18     $ 16     $ 34  
 
 
Six-Month Period Ended September 27, 2015
   
Six-Month Period Ended September 28, 2014
 
 
 
Cost of
   
Other Marketing
 
 
 
 
 
 
Cost of
   
Other Marketing
 
 
 
 
 
 
 
Products
   
& Administrative
   
Total
   
Products
   
& Administrative
   
Total
 
Options Granted in Fiscal Year
 
Sold
   
Expenses
   
Expense
   
Sold
   
Expenses
   
Expense
 
2013
  $ -     $ -     $ -     $ 12     $ 12     $ 24  
2014
    7       7       14       13       13       26  
2015
    28       24       52       14       12       26  
2016
    6       5       11       -       -       -  
                                                 
Total stock option compensation
  $ 41     $ 36     $ 77     $ 39     $ 37     $ 76  
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]
Number of Shares
Fair Value per Share
Three-Month Period Ended
28,000
$8.20
September 27, 2015
28,000
$7.97
September 28, 2014
28,000
$6.67
September 29, 2013
42,000
$5.62
September 30, 2012
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Three-Month Period Ended September 27, 2015
   
Three-Month Period Ended September 28, 2014
 
 
 
 
 
 
 
Non-employee
   
Total
 
 
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2011
  $ 12     $ -     $ 12     $ 41     $ -     $ 41  
2013
    -       -       -       -       7       7  
2014
    -       8       8       -       23       23  
2015
    89       28       117       89       18       107  
2016
    35       19       54       -       -       -  
                                                 
Total stock grant compensation
  $ 136     $ 55     $ 191     $ 130     $ 48     $ 178  
 
 
Six-Month Period Ended September 27, 2015
   
Six-Month Period Ended September 28, 2014
 
 
 
 
 
 
 
Non-employee
   
Total
 
 
 
 
 
 
Non-employee
   
Total
 
Stock Granted in Fiscal Year
 
Employees
   
Directors
   
Expense
   
Employees
   
Directors
   
Expense
 
2011
  $ 48     $ -     $ 48     $ 82     $ -     $ 82  
2013
    -       -       -       -       27       27  
2014
    -       31       31       -       46       46  
2015
    178       56       234       178       18       196  
2016
    70       19       89       -       -       -  
                                                 
Total stock grant compensation
  $ 296     $ 106     $ 402     $ 260     $ 91     $ 351