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Benefit plans and stock-based compensation (Tables)
 12 Months Ended
Mar. 30, 2019
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 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
 
Equity cash-out payment
(b)
 
 
(51,400
)
 
 
1.00
 
Forfeited
 
 
(21,206
)
 
 
1.11
 
Outstanding March 30, 2019
 
 
741,060
 
 
$
1.14
 
 
 
(a)
In connection with the Aurum Transaction, the Company offered an equity cash-out payment of $
54,000
(USD $
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.
 
 
(b)
In connection with its restructuring initiative, the Company offered an equity cash-out payment of $
20,000
(USD $
16,000
) to a former senior executive for
35,000
options under the Long-term incentive plan,
14,000
options under the Omnibus LTIP and
2,400
options under the Birks ESOP.
Summary of Status of Stock Options
A summary of the status of Birks’ stock options at March 30, 2019 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
              175,000    6.5   $                0.78                175,000   $            0.78  
$    
0.84
  100,000    4.1    0.84    100,000    0.84  
$    
0.89
  25,000    3.6    0.89    25,000    0.89  
$    
1.04
  150,000    2.8    1.04    150,000    1.04  
$    
1.05
  3,060    1.0    1.05    3,060    1.05  
$    
1.25
  30,000    1.5    1.25    30,000    1.25  
$    
1.43
  168,000    7.6    1.43    111,999    1.43  
$    
1.66
  40,000    4.5    1.66    40,000    1.66  
$    
1.94
  50,000    5.8    1.94    50,000    1.94  
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
   741,060    5.2   $1.14    685,059   $1.14  
  
 
 
          
 
 
     
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 25, 2017
 
 
627
 
 
$
1.05
 
Settled in cash
 
 
(586
)
 
 
1.05
 
Outstanding March 31, 2018
 
 
41
 
 
 
1.05
 
Settled in cash
 
 
(41
)
 
 
0.78
 
Outstanding March 30, 2019
 
 
0
 
 
 
0.00