CarParts.com, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

6 Months Ended

Jul. 03, 2021

Note 4 – Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data):


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net income (loss) per share:
Numerator:
Net income (loss)	$	2,072	$	1,568		(650)		590
Dividends on Series A Convertible Preferred Stock		—		33		—		71
Net income (loss) allocable to common shares	$	2,072	$	1,535	$	(650)	$	519
Denominator:
Weighted-average common shares outstanding (basic)		51,684		39,386		50,222		38,124
Common equivalent shares from common stock options, restricted stock and preferred stock		5,438		7,943		—		3,934
Weighted-average common shares outstanding (diluted)		57,122		47,329		50,222		42,058
Basic net income (loss) per share	$	0.04	$	0.04	$	(0.01)	$	0.01
Diluted net income (loss) per share	$	0.04	$	0.03	$	(0.01)	$	0.01

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 899 for the thirteen weeks ended July 3, 2021, and options, RSUs and/or preferred stock were antidilutive for the thirteen and twenty-six weeks ended June 27, 2020 amounted to 239 and 3,172, respectively. For the twenty-six weeks ended July 3, 2021, all outstanding potentially dilutive securities have been excluded from the calculation of diluted net loss per share as the effect of including such securities would have been anti-dilutive.