XML 66 R40.htm IDEA: XBRL DOCUMENT v3.26.1
Benefit plans and stock-based compensation (Tables)
12 Months Ended
Mar. 28, 2026
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of Birks' Restricted Stock Units And Deferred Share Units
A summary of the status of the Company’s cash-settled DSUs and cash-settled RSUs at March 28, 2026 is presented below:
 
    
DSU
 
Outstanding March 25, 2023
     35,584  
Grants of new units
     70,000  
Exercised
     (8,896 ) 
  
 
 
 
Outstanding March 30, 2024
     96,688  
Grants of new units
     143,829  
Exercised
     (8,896 ) 
  
 
 
 
Outstanding March 29, 2025
     231,621  
Grants of new units
     245,454  
Exercised
     (61,094 ) 
  
 
 
 
Outstanding March 28, 2026
     415,981  
  
 
 
 
The fair value of cash-settled DSUs is measured based on the Company’s share price at each period end. As at March 28, 2026, the liability for all cash-settled DSU’s was $0.4 million (March 29, 2025 – $0.4 million and March 30, 2024 – $0.4 million). The closing stock price used to determine the liability for fiscal 2026 was U.S. $0.70 (U.S. $
1.16
as at March 29, 2025). Total compensation cost (gain) for DSUs recognized in expense was ($0.2) million, ($0.5) million, and ($0.3) million in fiscal 2026, 2025, and 2024, respectively.
 
    
RSU
 
Outstanding March 25, 2023
     50,000  
Exercised
     (50,000 ) 
  
 
 
 
Outstanding March 30, 2024
     —   
Exercised
     —   
  
 
 
 
Outstanding March 29, 2025 and March 28, 2026
     —   
  
 
 
 
The fair value of cash-settled RSUs is measured based on the Company’s share price at each period end. As at March 28, 2026, the liability for all vested
cash-settled
RSUs was nil (March 29, 2025
—
nil and March 30, 2024
—
nil). Total compensation cost (gain) for cash-settled RSU’s recognized in expense was nil, nil, and $(0.2) million in fiscal 2026, 2025, and 2024, respectively.
A summary of the status of the Company’s equity-settled DSUs at March 28, 2026 is presented below:
 
    
DSU
 
Outstanding March 25, 2023
     750,482  
Exercised
     (10,000 ) 
  
 
 
 
Outstanding March 30, 2024
     740,482  
Exercised
     (408,718 ) 
  
 
 
 
Outstanding March 29, 2025
     331,764  
Exercised
     (110,588 ) 
  
 
 
 
Outstanding March 28, 2026
     221,176  
  
 
 
 
The equity-settled DSUs are recorded at fair value at grant or modification date and not subsequently re-measured.
Birks Stock Option Plan [Member]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of Activity of Stock Option Plans and Arrangements
The following is a summary of the activity of Birks’ stock option plans and arrangements.
 
           
Weighted average
 
    
Options
    
exercise price
 
Outstanding March 30, 2024
  
 
32,000
 
  
 
1.02
 
Exercised
  
 
(20,000
) 
  
 
0.78
 
Forfeited
  
 
(12,000
) 
  
 
1.43
 
  
 
 
    
 
 
 
Outstanding March 28, 2026 and March 29, 2025
  
 
—
 
 
  
$
—