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

Annual report pursuant to Section 13 and 15(d)

Note 6 - Stock Based Compensation (Tables)

Note 6 - Stock Based Compensation (Tables)

12 Months Ended

Dec. 28, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

		2000				2010				Total												Weighted
														Weighted average				Aggregate				average remaining
		Incentive Plan				Incentive Plan				Outstanding options				exercise price				intrinsic value				contractual term (years)
Outstanding balance at January 1, 2012			280,826				922,000				1,202,826			$	2.82
Options granted under			—				350,000				350,000			$	3.11
Options expired			(13,600	)			—				(13,600	)		$	22.83
Options exercised			(138,419	)			—				(138,419	)		$	1.36
Outstanding balance at December 30, 2012			128,807				1,272,000				1,400,807			$	2.82
Options granted			—				235,000				235,000			$	2.06
Options forfeited			(55,743	)			(1,072,000	)			(1,127,743	)		$	2.90
Options exercised			(73,064	)			—				(73,064	)		$	0.93
Outstanding balance at December 29, 2013			—				435,000				435,000			$	2.50
Options granted			—				498,879				498,879			$	1.80
Options forfeited			—				(116,667	)			(116,667	)		$	2.48
Options exercised			—				—				—			$	—

Outstanding balance at December 28, 2014			—				817,212				817,212			$	2.07			$	—				7.3

Exercisable balance at December 28, 2014											203,336			$	2.60			$	—				3.1

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

		Period ended December 28, 2014				Period ended December 29, 2013				Period ended December 30, 2012
Black-Scholes weighted-average assumptions

Expected dividend yield			0.0	%			0.0	%			0.0	%
Expected volatility			57.0	%			69.1	%			83.0	%
Expected forfeiture			18.0	%			16.0	%			16.0	%
Risk-free interest rate			1.22	%			0.4	%			0.5	%
Expected option life in years			4.2				3.7				4.0

Weighted-average stock option fair value per option granted		$	0.82			$	1.03			$	1.86

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

	Outstanding options				Weighted average exercise price				Exercisable options				Weighted average exercise price

		498,879			$	1.80				—			$	—
		25,000			$	1.96				16,666			$	1.96
		100,000			$	2.02				33,334			$	2.02
		10,000			$	2.17				3,334			$	2.17
		50,000			$	2.19				50,000			$	2.19
		133,333			$	3.11				100,001			$	3.11

		817,212			$	2.07				203,336			$	2.60

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

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

Outstanding balance at December 29, 2013				—			$	—
RSU granted under the 2010 Incentive Plan				520,433			$	1.94
RSU forfeited				—			$	—
RSU converted into common shares				—			$	—

Outstanding balance at December 28, 2014				520,433			$	1.94				2.5