2011 EQUITY INCENTIVE PLAN: (Tables)

12 Months Ended

Mar. 29, 2019

Share-based Payment Arrangement [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
Michael E. Rosenfeld		5,000	*

*Options for 1,000 shares vested on October 26, 2018. Options for 2,000 shares shall vest on October 26, 2019 and options for 2,000 shares shall vest on October 26, 2020.

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:

			Year ended		Year ended
			March 29, 2019		March 30, 2018
	Ref		(in thousands)		(in thousands)
IEH employees			$	—	$	—
Non-employee directors				35		28
Total stock option expense		(a)	$	35	$	28

(a): The Company reported compensation expense of $27,980 during the year ended March 30, 2018. The Company reported compensation expense of $35,264 during the year ended March 29, 2019.

Schedule of Unrecognized Stock-Based Compensation Expense

Unrecognized stock-based compensation expense

			Year ended		Year ended
			March 29, 2019		March 30, 2018
	Ref		(in thousands)		(in thousands)
Unrecognized expense for IEH employees			$	—	$	—
Unrecognized expense for Non-employee directors				42		14
Total unrecognized expense		(b)	$	42	$	14

(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 29, 2019 and March 30, 2018 were valued using a Black-Scholes model, under the following criteria:

	March 29, 2019			March 30, 2018
Risk free interest rate		2.40	%		2.09	%
Contractual term		10 years			10 years
Dividend yield		—			—
Expected lives		10 years			10 years

Schedule of Option Activity

The following table shows the activity for the fiscal years ended March 29, 2019 and March 30, 2018.

					Weighted Avg.		Remaining		Aggregate
					Exercise		Contractual		Intrinsic Value
		Shares			Price		Term (Years)		(in thousands)
Outstanding at the Beginning of the Year	3/31/2017		255,000		$	6.15		8.82	$	125
Granted			0
Exercised			0
Forfeited or Expired			0
Outstanding at the End of the Year	3/30/2018		255,000		$	6.15		8.07	$	3,852
Fully Vested			251,000		$	6.02
Exercisable at the End of the Year			251,000
Outstanding at the Beginning of the Year	3/30/2018		255,000		$	6.15		8.07	$	702
Granted			5,000
Exercised			(75,000	)
Forfeited or Expired			0
Outstanding at the End of the Quarter	3/29/2019		185,000		$	6.05		7.75	$	1,832
Fully Vested			181,000		$	5.88
Exercisable at the End of the Year             March 29, 2019			181,000