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Note N - Share-based Compensation | 6 Months Ended
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Sep. 25, 2022
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] | NOTE N – SHARE-BASED COMPENSATION Total share-based compensation during the thirteen and twenty-six week periods ended September 25, 2022 and September 26, 2021 was $8 and $29, and $16 and $58, respectively. Total share-based compensation is included in general and administrative expenses in our accompanying Consolidated Statements of Earnings. As of September 25, 2022, there was $98 of unamortized compensation expense related to share-based incentive awards. We expect to recognize this expense over approximately seventeen months, which represents the weighted average remaining requisite service periods for such awards. The Company recognizes compensation cost for unvested stock-based incentive awards on a straight-line basis over the requisite service period. Compensation cost charged to expense under all stock-based incentive awards is as follows (in thousands):
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | September 25, 2022 |  |  | September 26, 2021 |  |  | September 25, 2022 |  |  | September 26, 2021 |
Stock options |  | $ | 8 |  |  | $ | 23 |  |  | $ | 16 |  |  | $ | 44 |
Restricted stock |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | 14 |
Total compensation cost |  | $ | 8 |  |  | $ | 29 |  |  | $ | 16 |  |  | $ | 58 |
Stock options: There were no new share-based awards granted during the twenty-six week period ended September 25, 2022. Transactions with respect to stock options for the twenty-six weeks ended September 25, 2022 are as follows:
|  |  |  |  |  | Weighted- |  |  | Weighted- |  |  | Aggregate |
|  |  |  |  |  | Average |  |  | Average |  |  | Intrinsic |
|  |  |  |  |  | Exercise |  |  | Remaining |  |  | Value |
|  | Shares |  |  | Price |  |  | Contractual Life |  |  | (in thousands) |
Options outstanding at March 27, 2022 |  |  | 20,000 |  |  | $ | 79.20 |  |  |  | 2.92 |  |  |  | - |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Options outstanding at September 25, 2022 |  |  | 20,000 |  |  | $ | 79.20 |  |  |  | 2.42 |  |  |  | - |
Options exercisable at September 25, 2022 |  |  | 12,500 |  |  | $ | 85.62 |  |  |  | 1.54 |  |  |  | - |

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