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

Jan. 03, 2016

Notes Tables

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

		Total Outstanding options				Weighted average exercise price				Aggregate intrinsic value				Weighted average remaining contractual term (years)
Outstanding balance at December 30, 2012			1,400,807			$	2.82
Options granted			235,000			$	2.06
Options expired			(1,127,744	)		$	2.90
Options exercised			(73,063	)		$	0.93
Outstanding balance at December 29, 2013			435,000			$	2.50
Options granted			498,879			$	1.80
Options forfeited			(116,667	)		$	2.48
Options exercised			—			$	—
Outstanding balance at December 28, 2014			817,212			$	2.07
Options granted			—			$	—
Options expired			(66,667	)		$	3.11
Options forfeited			(95,431	)		$	2.03
Options exercised			—				—

Outstanding balance at January 3, 2016			655,114			$	1.98			$	—				6.5

Exercisable balance at January 3, 2016			394,098			$	2.07			$	—				5.6

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

		Year ended January 3, 2016 (1)				Year ended December 28, 2014				Year ended December 29, 2013
Black-Scholes weighted-average assumptions

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

Weighted-average stock option fair value per option granted		$	N/A			$	0.82			$	1.03

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

420,114			$	1.80				195,763			$	1.80
25,000			$	1.96				25,000			$	1.96
100,000			$	2.02				66,668			$	2.02
10,000			$	2.17				6,667			$	2.17
50,000			$	2.19				50,000			$	2.19
50,000			$	3.11				50,000			$	3.11

655,114			$	1.98				394,098			$	2.07

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

RSU granted under the 2010 Incentive Plan			91,818			$	1.47
RSU forfeited			(64,908	)		$	1.89
RSU converted into common shares			(67,779	)		$	1.80

Outstanding balance at January 3, 2016			479,564			$	1.88				1.51