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Stock Based Compensation (Tables)
3 Months Ended
Jun. 29, 2012
Summarized Information Regarding Options Outstanding and Options Exercisable
The following table summarizes information regarding options outstanding and options exercisable at each of the quarterly periods through the three months ended July 1, 2011 and June 29, 2012, respectively, and the changes during the periods then ended:
 
   
Number of
Options
Outstanding
(000’s)
   
Weighted
Average
Exercise Price
per Share
   
Number of
Shares
Exercisable
(000’s)
   
Weighted
Average
Exercise Price
per Share
 
Balance as of March 31, 2011
    2,161     $ 1.65       1,933     $ 1.74  
Granted
    368     $ 1.52                  
Exercised
    (16 )   $ 0.57                  
Expired or forfeited
    (37 )   $ 1.69                  
Balance as of July 1, 2011
    2,476     $ 1.64       1,980     $ 1.72  
Vested & expected to Vest, July 1, 2011
    2,402     $ 1.64                  
                                 
   
Number of
Options
Outstanding
(000’s)
   
Weighted
Average
Exercise Price
per Share
   
Number of
Shares
Exercisable
(000’s)
   
Weighted
Average
Exercise Price
per Share
 
Balance as of March 31, 2012
    2,267     $ 1.75       1,994     $ 1.88  
Granted
    125     $ 0.63                  
Exercised
    (5 )   $ 0.44                  
Expired or forfeited
    (5 )   $ 0.44                  
Balance as of June 29, 2012
    2,382     $ 1.69       2,023     $ 1.86  
Vested & expected to Vest, June 29, 2012
    2,321     $ 1.69                  
Information Regarding Stock Options Outstanding
Information regarding stock options outstanding as of June 29, 2012 is as follows:
 
     
Options Outstanding
 
 
 Price Range
 
Shares
(in 000s)
   
Weighted
Average
Exercise Price
   
Weighted Average
Remaining Life
 
 
 $0.44 - $1.00
    570     $ 0.75       8.08  
 
 $1.25 - $2.50
    1,499     $ 1.82       4.49  
 
  $2.56 - $5.34
    313     $ 2.83       3.25  
 
     
Options Exercisable
 
 
Price Range
 
Shares 
(in 000s)
   
Weighted
Average
Exercise Price
   
Weighted Average
Remaining Life
 
 
$0.44 - $1.00
    211     $ 0.69       7.61  
 
$1.25 - $2.50
    1,499     $ 1.82       4.49  
 
$2.56 - $5.34
    313     $ 2.83       3.25  
Restricted Share Transactions
The restricted share transactions are summarized below:
   
Shares (000’s)
   
Weighted Average Grant Date
Fair Value Per Share
 
Unvested, March 31, 2011
    70     $ 0.44  
Granted
    55     $ 1.51  
Vested
    (70 )   $ 0.44  
Expired or forfeited
    --       --  
Unvested, July 1, 2011
    55     $ 1.51  

   
Shares (000’s)
   
Weighted Average Grant Date
Fair Value Per Share
 
Unvested, March 31, 2012
    246     $ 0.84  
Granted
    --       --  
Vested
    --       --  
Expired or forfeited
    --       --  
Unvested, June 29, 2012
    246     $ 0.84  
Stock Based Compensation Expense
The Company’s stock-based compensation expense is classified in the table below:
 
   
Three months ended
 
   
June 29, 2012
   
July 1, 2011
 
Cost of Products Sold
  $ 3,000     $ 4,000  
Research and Development expense
    7,000       13,000  
General and Administrative expense
    17,000       16,000  
Sales and Marketing expense
    2,000       3,000  
Total Stock Based Compensation
  $ 29,000     $ 36,000