Benefit plans and stock-based compensation (Tables)

12 Months Ended

Mar. 31, 2018

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 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
Equity cash-out payment(a)		(60,000)		1.08
Forfeited		(496)		1.05

Outstanding March 31, 2018		813,666	$	1.13

^(a)

In connection with the Aurum Transaction, the Company offered an equity cash-out payment of $42,000 to a former senior executive for 35,000 options under the Long-term incentive plan and 25,000 options under the Omnibus LTIP.

Summary of Status of Stock Options

A summary of the status of Birks’ stock options at March 31, 2018 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		205,000		7.5	$	0.78		136,663	$	0.78
$ 0.84		100,000		5.1		0.84		100,000		0.84
$ 0.89		40,000		4.6		0.89		40,000		0.89
$ 1.04-1.05		155,666		3.7		1.04		155,816		1.04
$ 1.25-1.66		70,000		4.2		1.48		70,000		1.48
$ 1.43		193,000		8.7		1.43		64,331		1.43
$ 1.94		50,000		6.8		1.94		50,000		1.94

		813,666		7.2	$	1.13		616,810	$	1.10

Mayors Stock Option Plan [Member]

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 28, 2015		926	$	1.05
Expired		(299)		1.05

Outstanding March 26, 2016 and March 25, 2017		627		1.05
Settled in cash		(586)		1.05

Outstanding March 31, 2018		41		1.05