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Benefit plans and stock-based compensation (Tables)
 12 Months Ended
Mar. 28, 2020
Summary of Status of Stock Options
A summary of the status of Birks’ stock options at March 28, 2020 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
  165,000  5.5  $0.78   165,000  $0.78 
$0.84
  100,000  3.1   0.84   100,000   0.84 
$0.89
  25,000  2.6   0.89   25,000   0.89 
$1.04
  150,000  1.8   1.04   150,000   1.04 
$1.05
  2,818  0.0   1.05   2,818   1.05 
$1.25
  30,000  0.5   1.25   30,000   1.25 
$1.43
  142,000  6.6   1.43   142,000   1.43 
$1.66
  40,000  3.5   1.66   40,000   1.66 
$1.94
  50,000  4.8   1.94   50,000   1.94 
  
 
  
 
  
 
 
   
 
  
 
 
 
  704,818  4.2  $1.13   704,818  $1.13 
  
 
      
 
  
Schedule Restricted Stock Options And Deferred Stock Units [Table Text Block]
A summary of the status of Birks’ restricted stock units and deferred share units at March 28, 2020 is presented below:
 
   
DSU
 
Outstanding March 25, 2017
   55,944 
Grants of new units
   74,466 
  
 
 
 
Outstanding March 31, 2018
   130,410 
Grants of new units
   133,588 
Forfeited
   (6,993) 
  
 
 
 
Outstanding March 30, 2019
   257,005 
Grants of new units
   244,844 
Forfeited
   (36,715) 
  
 
 
 
Outstanding March 28, 2020
   465,134 
   
RSU
 
Outstanding March 25, 2017
   121,500 
Settled in cash
   (9,500) 
  
 
 
 
Outstanding March 31, 2018
   112,000 
Settled in cash
   (5,500) 
Forfeited
   (4,500) 
  
 
 
 
Outstanding March 30, 2019
   102,000 
Settled in cash
   (102,000) 
  
 
 
 
Outstanding March 28, 2020
   0 
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 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 
Exercised
   (10,000)    0.78 
Forfeited
   (26,242)    1.43 
  
 
 
   
Outstanding March 28, 2020
   704,818   $1.13 
  
 
 
   
 
(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.
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