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Benefit plans and stock-based compensation (Tables)
12 Months Ended
Mar. 25, 2017
Birks Stock Option Plan [Member]  
Summary of Activity of Stock Option Plans and Arrangements

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

 

     Options      Weighted average
exercise price
 

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  

Granted

     218,000        1.43  

Forfeited

     (10,000 )       0.78  
  

 

 

    

Outstanding March 25, 2017

     874,162      $ 1.13  
  

 

 

    
Summary of Status of Stock Options

A summary of the status of Birks’ stock options at March 25, 2017 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       225,000       8.5     $ 0.78       74,996     $ —    
$ 0.84       100,000       6.1       0.84       100,000       0.84  
$ 0.89       55,000       5.6       0.89       55,000       0.89  
$ 1.04-1.05       156,162       4.7       1.04       156,162       1.04  
$ 1.25-1.66       70,000       5.2       1.48       70,000       1.48  
$ 1.43       218,000       9.7       1.43       —         —    
$ 1.94       50,000       7.8       1.94       33,333       1.94  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    874,162       8.2     $ 1.13       489,491     $ 1.07  
 

 

 

       

 

 

   
Mayors Stock Option Plan [Member]  
Summary of Status of Stock Options

A summary of the status of the option plans at March 25, 2017 is presented below:

 

Exercise price

          Options outstanding and exercisable  
  Number
outstanding
    Weighted average
remaining life (years)
    Weighted average
exercise price
 
$ 1.05       627       3.1     $ 1.05  
Summary of Stock Option Activity

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

 

     Options      Weighted average
exercise price
 

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 and March 25, 2017

     627        1.05