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Stock-Based Compensation (Tables)
12 Months Ended
Mar. 29, 2020
Stock-Based Compensation  
Schedule of Performance Stock Unit activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

    

2019

 

2018

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average Fair

 

 

 

Average Fair

 

 

 

Average Fair

 

 

 

Shares

 

Value at Grant

 

Shares

 

Value at Grant

 

Shares

 

Value at Grant

 

Unvested shares available for issue under outstanding PSUs, beginning of period

 

98,306

 

$

14.55

 

67,000

 

$

12.65

 

170,100

 

$

11.17

 

PSUs Granted

 

51,616

 

 

15.93

 

71,000

 

 

15.58

 

86,000

 

 

12.67

 

PSUs Vested

 

(29,036)

 

 

14.09

 

(14,257)

 

 

12.66

 

(7,600)

 

 

19.58

 

PSUs Forfeited/Cancelled

 

(52,532)

 

 

9.82

 

(25,437)

 

 

13.46

 

(181,500)

 

 

10.99

 

Unvested shares available for issue under outstanding PSUs, end of period

 

68,355

 

$

19.42

 

98,306

 

$

14.55

 

67,000

 

$

12.65

 

 

Nonvested Performance-based Units expected to vest by period

 

 

 

 

 

    

Number of Shares

 

2020

 

19,191

 

2021

 

10,739

 

2022

 

5,309

 

 

 

35,239

 

 

Schedule of Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

    

2019

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

Average Fair

 

 

 

Average Fair

 

 

Shares

 

Value at Grant

 

Shares

 

Value at Grant

Unvested options, beginning of period

 

281,292

 

$

2.39

 

392,500

 

 

2.21

Options Granted

 

405,000

 

 

2.53

 

66,500

 

 

3.38

Options Forfeited/Cancelled

 

(81,376)

 

 

3.23

 

(15,000)

 

 

4.26

Options Vested

 

(139,542)

 

 

2.32

 

(162,708)

 

 

2.20

Unvested options, end of period

 

465,374

 

 

2.38

 

281,292

 

 

2.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 29, 2020

Grant Fiscal Year

 

Options Granted

 

 

Option Exercise Price

 

Options Outstanding

 

Options Exercisable

2020

 

405,000

 

$

13.54

 

368,000

 

 -

2019

 

66,500

 

$

16.31

 

44,000

 

19,125

2018

 

230,000

 

$

15.12

 

110,000

 

76,044

2017

 

410,000

 

$

12.57

 

300,000

 

261,457

2016

 

100,000

 

$

22.42

 

40,000

 

40,000

Total

 

 

 

 

 

 

862,000

 

396,626

 

Schedule of assumptions of Black-Scholes-Merton option pricing model

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant Fiscal Year

 

Expected Stock Price Volatility

 

Risk-Free Interest Rate

 

Expected Dividend Yield

 

Average Expected Term

 

Resulting Black Scholes Value

2020

 

35.88

%

 

2.00

%

 

5.82

%

 

4.0

 

$

2.53

2019

 

35.59

%

 

3.11

%

 

4.99

%

 

4.0

 

$

3.38

2018

 

32.63

%

 

1.96

%

 

5.34

%

 

4.0

 

$

2.57