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Note N - Share-based Compensation

6 Months Ended

Sep. 28, 2025

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

NOTE N – SHARE-BASED COMPENSATION

Total share-based compensation expense during the thirteen and twenty-six week periods ended September 28, 2025 and September 29, 2024 was $284 and $229, and $572 and $417, respectively. Total share-based compensation expense is included in general and administrative expenses in our accompanying Condensed Consolidated Statements of Earnings. As of September 28, 2025, there was $2,709 of unamortized compensation expense related to share-based awards. We expect to recognize this expense over approximately thirty-two 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								Twenty-six weeks ended
		September 28, 2025				September 29, 2024				September 28, 2025				September 29, 2024

Stock options		$	115			$	60			$	234			$	79
Restricted stock units			169				169				338				338
Total share-based compensation expense		$	284			$	229			$	572			$	417

Stock options

There were no new share-based awards granted during the twenty-six week period ended September 28, 2025.

Transactions with respect to stock options for the twenty-six weeks ended September 28, 2025 are as follows:

						Weighted				Weighted				Aggregate
						Average				Average				Intrinsic
						Exercise				Remaining				Value
		Shares				Price				Contractual Life				(in thousands)

Options outstanding at March 30, 2025			130,000			$	74.28				4.08			$	2,667
Granted			-				-				-				-
Exercised			-				-				-				-
Options outstanding at September 28, 2025			130,000			$	74.28				3.58			$	4,515

Options exercisable at September 28, 2025			42,500			$	73.48				3.06			$	1,510

Restricted stock units

Transactions with respect to restricted stock units for the twenty-six weeks ended September 28, 2025 are as follows:

						Weighted
						Average
						Grant-date Fair value
		Shares				Per share

Unvested restricted stock units at March 30, 2025			30,000			$	67.59
Granted			-				-
Vested			-				-
Unvested restricted stock units at September 28, 2025			30,000			$	67.59