Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Share-Based Compensation (Tables)

v3.22.0.1
Stockholders' Equity and Share-Based Compensation (Tables)
12 Months Ended
Jan. 01, 2022
Stockholders' Equity and Share-Based Compensation  
Estimated fair value of employee stock purchase rights under the ESPP was determined using the Black-Scholes option pricing model with the following assumptions

Fiscal Year Ended

January 1, 2022

Expected life

0.5 years

Risk-free interest rate

0.05%

Expected volatility

86.3%

Expected dividend yield

—%

Summary of Stock Option Activity

    

    

    

Weighted

    

Weighted

Average

Average

Remaining

Aggregate 

Exercise

Contractual

Intrinsic

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, January 2, 2021

 

6,932

$

2.09

 

  

 

  

Granted

 

$

 

  

 

  

Exercised

 

(2,060)

$

1.78

 

  

 

  

Cancelled:

 

  

 

  

 

  

 

  

Forfeited

 

(98)

$

4.69

 

  

 

  

Expired

 

(9)

$

2.91

 

  

 

  

Options outstanding, January 1, 2022

 

4,765

$

2.17

 

7.00

$

43,039

Vested and expected to vest at January 1, 2022

 

4,765

$

2.17

 

7.00

$

43,039

Options exercisable, January 1, 2022

 

2,662

$

2.04

 

6.43

$

24,389

    

    

    

Weighted

    

Weighted

Average

Average

Remaining

Aggregate 

Exercise

Contractual

Intrinsic

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, December 28, 2019

 

7,223

$

2.76

 

  

 

  

Granted

 

2,558

$

3.21

 

  

 

  

Exercised

 

(2,200)

$

1.94

 

  

 

  

Cancelled:

 

  

 

  

 

  

 

  

Forfeited

 

(73)

$

4.82

 

  

 

  

Expired

 

(576)

$

3.69

 

  

 

  

Options outstanding, January 2, 2021

 

6,932

$

2.09

 

8.10

$

71,404

Vested and expected to vest at January 2, 2021

 

6,932

$

2.09

 

8.10

$

71,404

Options exercisable, January 2, 2021

 

2,591

$

1.73

 

7.04

$

27,630

(1) These amounts represent the difference between the exercise price and the closing price of CarParts.com, Inc. common stock at the end of the respective fiscal year as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price.
Summary of Assumptions Used

 

Fiscal Year Ended

    

January 2, 2021

Expected life

 

5.37 - 5.69 years

Risk-free interest rate

 

0.3% - 1.7%

Expected volatility

 

55.1% - 63.5%

Expected dividend yield

 

—%