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Benefit plans and stock-based compensation (Tables)
12 Months Ended
Mar. 25, 2017
Birks Stock Option Plan [Member]  
Summary of Activity of Stock Option Plans and Arrangements

The following is a summary of the activity of Birks’ stock option plans and arrangements.

 

     Options      Weighted average
exercise price
 

Outstanding March 29, 2014

     664,585      $ 1.21  

Granted

     50,000        1.94  

Exercised

     (111,372      1.04  

Expired

     (15,000      7.73  

Forfeited

     (147,051      1.10  
  

 

 

    

Outstanding March 28, 2015

     441,162        1.15  

Granted

     235,000        0.78  

Forfeited

     (10,000      1.10  
  

 

 

    

Outstanding March 26, 2016

     666,162        1.02  

Granted

     218,000        1.43  

Forfeited

     (10,000      0.78  
  

 

 

    

Outstanding March 25, 2017

     874,162      $ 1.13  
  

 

 

    
Summary of Status of Stock Options

A summary of the status of Birks’ stock options at March 25, 2017 is presented below:

 

      Options outstanding     Options exercisable  

Exercise price

   

Number
outstanding

   

Weighted
average
remaining
life (years)

   

Weighted
average
exercise
price

   

Number
exercisable

   

Weighted
average
exercise
price

 
$ 0.78       225,000       8.5     $ 0.78       74,996     $ —    
$ 0.84       100,000       6.1       0.84       100,000       0.84  
$ 0.89       55,000       5.6       0.89       55,000       0.89  
$ 1.04-1.05       156,162       4.7       1.04       156,162       1.04  
$ 1.25-1.66       70,000       5.2       1.48       70,000       1.48  
$ 1.43       218,000       9.7       1.43       —         —    
$ 1.94       50,000       7.8       1.94       33,333       1.94  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    874,162       8.2     $ 1.13       489,491     $ 1.07  
 

 

 

       

 

 

   
Mayors Stock Option Plan [Member]  
Summary of Status of Stock Options

A summary of the status of the option plans at March 25, 2017 is presented below:

 

Exercise price

          Options outstanding and exercisable  
  Number
outstanding
    Weighted average
remaining life (years)
    Weighted average
exercise price
 
$ 1.05       627       3.1     $ 1.05  
Summary of Stock Option Activity

The following is a summary of the activity of Mayors stock option plans:

 

     Options      Weighted average
exercise price
 

Outstanding March 29, 2014

     3,836      $ 5.19  

Expired

     (2,910      6.51  
  

 

 

    

Outstanding March 28, 2015

     926        1.05  

Expired

     (299      1.05  
  

 

 

    

Outstanding March 26, 2016 and March 25, 2017

     627        1.05