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Benefit plans and stock-based compensation (Tables)
12 Months Ended
Mar. 29, 2025
Summary of Birks' Restricted Stock Units And Deferred Share Units
A summary of the status of the Company’s cash-settled DSUs and cash-settled RSUs at March 29, 2025 is presented below:
 
    
DSU
 
Outstanding March 26, 2022
     —   
Grants of new units
     35,584  
  
 
 
 
Outstanding March 25, 2023
     35,584  
Grants of new units
     70,000  
Exercised
     (8,896
  
 
 
 
Outstanding March 30, 2024
     96,688  
Grants of new units
     143,829  
Exercised
     (8,896
  
 
 
 
Outstanding March 29, 2025
     231,621  
  
 
 
 
The fair value of cash-settled DSUs is measured based on the Company’s share price at each period end. As at March 29, 2025, the liability for all cash-settled DSU’s was $0.4 million (March 30, 2024 – $0.4 million and March 25, 2023 – $0.4 million). The closing stock price used to determine the liability for fiscal 2025 was $1.16 ($3.34 as at March 30, 2024). Total compensation cost (gain) for DSUs recognized in expense was ($0.5) million, ($0.3) million, and $0.4 million in fiscal 2025, 2024, and 2023, respectively.
 
    
RSU
 
Outstanding March 26, 2022
     50,000  
Exercised
     —   
  
 
 
 
Outstanding March 25, 2023
     50,000  
Exercised
     (50,000
  
 
 
 
Outstanding March 30, 2024 and March 29, 2025
     —   
  
 
 
 
The fair value of cash-settled RSUs is measured based on the Company’s share price at each period end. As at March 29, 2025, the liability for all vested
cash-settled
RSUs was nil (March 30, 2024 - nil and March 25, 2023 - $0.5 million). The closing stock price used to determine the liability was $8.18 for fiscal 2023. Total compensation cost (gain) for cash-settled RSU’s recognized in expense was nil, ($0.2) million, and $0.3 million in fiscal 2025, 2024, and 2023, respectively. Total compensation cost for equity-settled RSU’s recognized in expense was nil, $0.03 million and $0.5 million in fiscal 2025, 2024, and 2023, respectively.
A summary of the status of the Company’s equity-settled DSUs at March 
29
, 2025 is presented below:
 
    
DSU
 
Outstanding March 25, 2023
     750,482  
Exercised
     (10,000
  
 
 
 
Outstanding March 30, 2024
     740,482  
Exercised
     (408,718
  
 
 
 
Outstanding March 29, 2025
     331,764  
  
 
 
 
A summary of the status of the Company’s equity-settled RSUs at March 29, 2025 is presented below:
 
    
RSU
 
Outstanding March 25, 2023
     325,000  
Exercised
     (325,000
  
 
 
 
Outstanding March 30, 2024 and March 29, 2025
     —   
  
 
 
 
The equity-settled RSUs and DSUs are recorded at fair value at grant or modification date and
not
subsequently
re-measured.
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, 2022
     257,000      $ 1.09  
Exercised
     (225,000      1.10  
Forfeited
     —         —   
  
 
 
    
 
 
 
Outstanding March 25, 2023 and March 30, 2024
     32,000        1.02  
Exercised
     (20,000      0.78  
Forfeited
     (12,000      1.43  
  
 
 
    
 
 
 
Outstanding March 29, 2025
     —       $ —