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. 31, 2017

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 2 8, 2014		817,212		$	2.07
Options granted		—		$	—
Options forfeited		(95,431	)	$	2.03
Options expired		(66,667	)	$	3.11
Options exercised		—		$	—
Outstanding balance at January 3, 2016		655,114		$	1.98
Options granted		387,255		$	1.33
Options forfeited		(363,847	)	$	1.46
Options expired		(61,756	)	$	3.46
Options exercised		—		$	—
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	$	61		8.6

Exercisable balance at December 31, 2017		324,696		$	1.86	$	—		5.1

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

Year ended

December

2017

Year ended

January

201

Year ended

January 3

2016

Black-Scholes weighted-average assumptions

Expected dividend yield

N/A

0.0

N/A

Expected volatility

N/A

43.8

N/A

Expected forfeiture

N/A

29.0

N/A

Risk-free interest rate

N/A

1.33

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

0.48

N/A

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
355,881		1.80		200,977		1.80
50,000		2.02		50,000		2.02
50,000		2.19		50,000		2.19
71,156		1.33		23,719		1.33
1,007,787		1.23		—		—
335,929		1.26		—		—
1,870,753	$	1.39		324,696	$	1.86

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

Year ended

December

2017

(1)

Year ended

January 1

2017

Year ended

January 3

2016 (1)

Binomial Model weighted-average assumptions

Stock Price

N/A

1.34

N/A

Expected volatility

N/A

42.2

N/A

Expected forfeiture

N/A

29.0

N/A

Risk-free interest rate

N/A

0.60

N/A

RSU term

in years

N/A

3.0

N/A

Weighted-average RSU fair value per award granted

N/A

0.42

N/A

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 balanc e at December 28, 2014		520,433		$	1.94
RSU granted		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

RSU granted		987,764		$	0.84
RSU forfeited		(352,077	)	$	0.87
RSU converted into common shares		(25,125	)	$	1.99

Outstanding balance at January 1 , 2017		1,090,126		$	1.22		1.01

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

Performance Shares [Member]

Notes Tables

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

Year ended

December 31,

2017

Year ended

January 1,

2017 (1)

Year ended

January 3,

2016 (1)

Binomial Model weighted-average assumptions

Stock Price

1.29

N/A

Expected volatility

43.0

N/A

Expected forfeiture

30.0

N/A

Risk-free interest rate

1.02

N/A

Expected stock option life in years

4.9

N/A

Weighted-average stock option fair value per award granted

0.30

N/A