SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 7 - Stock-based Compensation (Tables)

Note 7 - Stock-based Compensation (Tables)

12 Months Ended

Dec. 29, 2019

Share-based Payment Arrangement, Option, Activity [Table Text Block]

	Total Outstanding options			Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Outstanding balance at January 1, 2017		616,766			1.82
Options granted		1,468,716			1.29
Options forfeited		(40,722	)		1.80
Options expired		(174,007	)		1.89
Options exercised		—			—
Outstanding balance at December 31, 2017		1,870,753			1.39
Options granted		385,929			2.16
Options forfeited		(316,180	)		1.25
Options expired		—			—
Options exercised		(220,678	)		1.71
Outstanding balance at December 30, 2018		1,719,824		$	1.55
Options granted		650,000			3.67
Options forfeited		—			—
Options expired		—			—
Options exercised		(25,450	)		1.80

Outstanding balance at December 29, 2019		2,344,374			2.14		2,016		8.6

Exercisable balance at December 29, 2019		1,088,140			1.55		1,992		7.2

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Year ended

December 29,

2019

Year ended

December 30,

2018

Year ended

December 31,

2017

Black-Scholes weighted-average assumptions

Expected dividend yield

N/A

0. 0

N/A

Expected volatility

N/A

42.1

N/A

Expected forfeiture

N/A

30.0

N/A

Risk-free interest rate

N/A

2.84

N/A

Expected stock option life in years

N/A

4.0

N/A

Weighted-average stock option fair value per stock option granted

N/A

1.00

N/A

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

Outstanding options	Weighted average exercise price		Exercisable options		Weighted average exercise price
300,658		1.80		269,408		1.80
671,858		1.23		403,116		1.23
335,929		1.26		201,558		1.26
50,000		2.74		12,500		2.74
335,929		2.07		201,558		2.07
650,000		3.67		—		—
2,344,374		2.14		1,088,140		1.55

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

	Outstanding options			Weighted average stock price		Weighted average remaining contractual term (years)

Outstanding balance at January 1, 2017		1,090,126			1.22
RSU granted		229,950			1.50
RSU forfeited		(261,606	)		0.89
RSU converted into common shares		(482,447	)		1.72

Outstanding balance at December 31, 2017		576,023			1.13		1.84

RSU/RSA granted		54,811			3.09
RSU forfeited		(75,151	)		0.91
RSU/RSA converted into common shares		(198,306	)		1.82

Outstanding balance at December 30, 2018		357,377		$	0.96		1.21

RSU/RSA granted		375,326			3.55
RSU forfeited		(25,000	)		1.38
RSU/RSA converted into common shares		(359,703	)		1.54

Outstanding balance at December 29, 2019		348,000			3.16		2.23

Performance Shares [Member]

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Year ended December 29, 2019			Year ended December 30, 2018			Year ended December 31, 2017
Binomial Model weighted-average assumptions

Stock Price	$	3.67		$	2.07		$	1.29
Expected volatility		50.0	%		43.0	%		43.0	%
Expected forfeiture		30.0	%		30.0	%		30.0	%
Risk-free interest rate		2.10	%		1.02	%		1.02	%
Expected stock option life in years		3.0			4.0			4.9

Weighted-average stock option fair value per award granted	$	0.95		$	0.47		$	0.30