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Stock Based Compensation (Tables)
6 Months Ended
Sep. 28, 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 six months ended September 30, 2011 and September 28, 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  
Granted
    160     $ 0.95                  
Exercised
    (27 )   $ 0.83                  
Expired or forfeited
    --     $ --                  
Balance as of September 30, 2011
    2,609     $ 1.60       1,972     $ 1.74  
Vested & expected to Vest, September 30, 2011
    2,531     $ 1.60                  
                                 
                                 
   
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  
Granted
    67     $ 0.62                  
Exercised
    --     $ 0.00                  
Expired or forfeited
    (11 )   $ 2.26                  
Balance as of September 28, 2012
    2,438     $ 1.66       2,058     $ 1.83  
Vested & expected to Vest, September 28, 2012
    2,376     $ 1.69                  
                                 
Options Outstanding and Options Exercisable
                 
Options Outstanding
     
   
Price Range
     
Shares 
(in 000s)
     
Weighted
Average
Exercise Price
     
Weighted Average
Remaining Life
 
$ 0.44 - $1.25          637     $ 0.73       7.51  
$ 1.26 - $2.50       1,496     $ 1.82       4.61  
$ 2.51 - $5.34         305     $ 2.84       2.76  
 
           
              Options Exercisable    
Price Range
     
Shares 
(in 000s)
   
Weighted
Average
Exercise Price
   
Weighted Average
Remaining Life
 
$ 0.44 - $1.25         257     $ 0.73       5.08  
$ 1.26 - $2.50         1,496     $ 1.82       4.61  
$ 2.51 - $5.34         305     $ 2.84       2.76  
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  
Granted
    198     $ .98  
Vested
    --     $ --  
Expired or forfeited
    --     $ --  
Unvested, September 30, 2011
    253     $ 1.10  

   
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  
Granted
    --     $ --  
Vested
    (76 )   $ 0.82  
Expired or forfeited
    --     $ --  
Unvested, September 28, 2012
    170     $ 0.84  
Stock Based Compensation Expense
The Company’s stock-based compensation expense is classified in the table below:
 
   
Three months ended
   
Six months ended
 
   
September 28,
2012
   
September 30,
2011
   
September 28,
2012
   
September 30,
2011
 
Cost of Products Sold
  $ 4,000     $ 25,000     $ 7,000     $ 29,000  
Research, development & engineering expense
    16,000       73,000       23,000       86,000  
General and Administrative expense
    24,000       100,000       41,000       116,000  
Sales and Marketing expense
    5,000       11,000       7,000       14,000  
Total Stock Based Compensation
  $ 49,000     $ 209,000     $ 78,000     $ 245,000