Benefit plans and stock-based compensation (Tables)

12 Months Ended

Mar. 26, 2016

The following is a summary of the activity of Birks’ stock option plans and arrangements.


	Options			Weighted average exercise price
Outstanding March 30, 2013		624,618		$	1.18
Granted		165,000			1.16
Exercised		(74,813	)		1.00
Forfeited		(50,220	)		1.07

Outstanding March 29, 2014		664,585			1.21
Granted		50,000			1.94
Exercised		(111,372	)		1.04
Expired		(15,000	)		7.73
Forfeited		(147,051	)		1.10

Outstanding March 28, 2015		441,162			1.15
Granted		235,000			0.78
Forfeited		(10,000	)		1.10

Outstanding March 26, 2016		666,162		$	1.02

A summary of the status of Birks’ stock options at March 26, 2016 is presented below:


		Options outstanding						Options exercisable
Exercise price		Number outstanding		Weighted average remaining life (years)		Weighted average exercise price		Number exercisable		Weighted average exercise price
$	0.78		235,000		9.5		0.78		—		—
$	0.84		100,000		7.1	$	0.84		66,666	$	0.84
$	0.89		55,000		6.6		0.89		55,000		0.89
$	1.04-1.05		156,162		5.7		1.04		156,162		1.04
$	1.25-1.66		70,000		6.2		1.48		56,666		1.44
$	1.94		50,000		8.8		1.94		16,666		1.94

			666,162		7.6	$	1.02		351,160	$	1.09

A summary of the status of the option plans at March 26, 2016 is presented below:


			Options outstanding and exercisable
Exercise price	Number outstanding		Weighted average remaining life (years)		Weighted average exercise price
$ 1.05		627		4.1	$	1.05

The following is a summary of the activity of Mayors stock option plans:


	Options			Weighted average exercise price
Outstanding March 30, 2013		9,081		$	7.18
Expired		(5,245	)		8.63

Outstanding March 29, 2014		3,836			5.19
Expired		(2,910	)		6.51

Outstanding March 28, 2015		926			1.05
Expired		(299	)		1.05

Outstanding March 26, 2016		627		$	1.05