v3.26.1
Note N - Share-based Compensation
3 Months Ended
Jun. 28, 2026
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

NOTE N – SHARE-BASED COMPENSATION

 

Total share-based compensation expense during the thirteen week periods ended June 28, 2026 and June 29, 2025 was $280 and $288, respectively. Total share-based compensation expense is included in general and administrative expenses in our accompanying Condensed Consolidated Statements of Earnings. As of June 28, 2026, there was $1,869 of unamortized compensation expense related to share-based awards. We expect to recognize this expense over approximately 24 months, which represents the weighted average remaining requisite service periods for such awards.

 

The Company recognizes compensation expense for unvested share-based awards on a straight-line basis over the requisite service period. Compensation expense recognized under all share-based awards is as follows (in thousands):

 

    Thirteen weeks ended  
   

June 28, 2026

   

June 29, 2025

 
                 

Stock options

  $ 111     $ 119  

Restricted stock units

    169       169  

Total compensation cost

  $ 280     $ 288  

 

Stock options:

 

There were no new share-based awards granted during the thirteen week period ended June 28, 2026.

 

Transactions with respect to stock options for the thirteen weeks ended June 28, 2026 are as follows:

 

           

Weighted

   

Weighted

   

Aggregate

 
           

Average

   

Average

   

Intrinsic

 
           

Exercise

   

Remaining

   

Value

 
   

Shares

   

Price

   

Contractual Life

   

(in thousands)

 
                                 

Options outstanding at March 29, 2026

    130,000     $ 74.28       3.08     $ 3,432  

Granted

    -       -       -       -  

Exercised

    10,000     $ 68.50       -     $ 331  

Options outstanding at June 28, 2026

    120,000     $ 74.76       3.06     $ 3,278  
                                 

Options exercisable at June 28, 2026

    32,500     $ 75.01       2.99     $ 880  

 

Restricted stock units:

 

Transactions with respect to restricted stock units for the thirteen weeks ended June 28, 2026 are as follows:

 

           

Weighted

 
           

Average

 
           

Grant-date

Fair value

 
   

Shares

   

Per share

 
                 

Unvested restricted stock units at March 29, 2026

    20,000     $ 67.59  
                 

Granted

    -       -  
                 

Vested

    -       -  
                 

Unvested restricted stock units at June 28, 2026

    20,000     $ 67.59