2011 EQUITY INCENTIVE PLAN: (Tables)

3 Months Ended

Jun. 29, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Options Awarded to Officers and Directors

The table below summarizes the option awards for the named executive officers and non-management directors:

Name	Stock Option Grants
David Offerman		50,000
Robert Knoth		50,000
Allen Gottlieb		5,000
Gerald Chafetz		5,000
Sonia Marciano		5,000	*
Eric Hugel		5,000	*

*Options for 3,000 shares were vested, options for 2,000 shares have not yet vested. They shall vest on August 15, 2018.

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense, shown in the table below, is recorded in general and administrative expenses included in our statement of operations:

					Quarter ended
			Quarter ended		June 30, 2017
	Ref		June 29, 2018 (in thousands)		(in thousands) (restated)
IEH employees			$	—	$	—
Non-employee directors				3		20
Total stock option expense		(a)	$	3	$	20

(a): The Company reported compensation expense of $2,798 during the quarter ended June 29, 2018 and $19,586 during the quarter ended June 30, 2017 resulting from stock options granted on August 15, 2016.

Schedule of Unrecognized Stock-Based Compensation Expense

Unrecognized stock-based compensation expense

					Quarter ended
			Quarter ended		June 30, 2017
	Ref		June 29, 2018 (in thousands)		(in thousands) (restated)
Unrecognized expense for IEH employees			$	—	$	—
Unrecognized expense for Non-employee directors				11		22
Total unrecognized expense		(b)	$	11	$	22

  (b):   Unrecognized stock-based compensation expense related to prior years’ equity grants of stock options to non-employee directors, that had not vested as of the end of the applicable fiscal year.

Schedule of Stock Option Grants

Note: Stock option grants to IEH officers, directors and key employees in the fiscal years ended March 30, 2018 and March 31, 2017 were valued using a Black-Scholes model, under the following criteria:

	March 30, 2018			March 31, 2017
Risk free interest rate		2.09	%		1.88	%
Contractual term		10 years			10 years
Dividend yield		—			—
Expected lives		10 years			10 years
Expected volatility		64	%		56	%
Fair value per option	$	5.85		$	6.00

Schedule of Option Activity

The following table shows the activity for the fiscal years ended March 30, 2018 and March 31, 2017.

					Weighted Avg.		Remaining		Aggregate
					Exercise		Contractual		Intrinsic Value
		Shares			Price		Term (Years)		(in thousands)
Outstanding at the Beginning of the Year	3/25/2016		245,000		$	6.18		9.27	$	—
Granted	8/15/2016		10,000		$	5.30		10.00		—
Exercised			0
Forfeited or Expired			0
Outstanding at the End of the Year	3/31/2017		255,000		$	6.15		8.82	$	87
Fully Vested			247,000		$	6.05
Exercisable at the End of the Year
March 31 2017			247,000
Outstanding at the Beginning of the Year	3/31/2017		255,000		$	6.15		8.82	$	87
Granted			0
Exercised			0
Forfeited or Expired			0
Outstanding at the End of the Year	3/30/2018		255,000		$	6.15		8.07	$	702
Fully Vested			251,000		$	6.02
Exercisable at the End of the Year March 30, 2018			251,000
Outstanding at the Beginning of the Year	3/30/2018		255,000		$	6.15		8.07	$	702
Granted			0
Exercised			(75,000	)
Forfeited or Expired			0
Outstanding at the End of the Quarter	6/29/2018		180,000		$	6.04		7.57	$	666
Fully Vested			176,000		$	5.94
Exercisable at the End of the Year             June 29, 2018			176,000