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

Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share

Net (Loss) Income Per Share

9 Months Ended

Oct. 02, 2021

Note 4 – Net (Loss) Income Per Share

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


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Net (loss) income per share:
Numerator:
Net (loss) income	$	(4,659)	$	1,385		(5,309)		1,975
Dividends on Series A Convertible Preferred Stock		—		—		—		71
Net (loss) income allocable to common shares	$	(4,659)	$	1,385	$	(5,309)	$	1,904
Denominator:
Weighted-average common shares outstanding (basic)		52,264		44,686		50,903		40,314
Common equivalent shares from common stock options, restricted stock and preferred stock		—		8,887		—		10,072
Weighted-average common shares outstanding (diluted)		52,264		53,573		50,903		50,386
Basic net (loss) income per share	$	(0.09)	$	0.03	$	(0.10)	$	0.05
Diluted net (loss) income per share	$	(0.09)	$	0.03	$	(0.10)	$	0.04

For the thirteen and thirty-nine weeks ended October 2, 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. Options and RSUs that were antidilutive and not included in the dilutive net income per share calculation for the thirteen and thirty-nine weeks ended September 26, 2020 amounted in total to 263 and 319, respectively.