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

9 Months Ended

Oct. 01, 2022

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 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net (loss) income per share:
Numerator:
Net (loss) income allocable to common shares	$	(948)	$	(4,659)		5,273		(5,309)
Denominator:
Weighted-average common shares outstanding (basic)		54,481		52,264		54,009		50,903
Common equivalent shares from common stock options and restricted stock		—		—		3,274		—
Weighted-average common shares outstanding (diluted)		54,481		52,264		57,283		50,903
Basic net (loss) income per share	$	(0.02)	$	(0.09)	$	0.10	$	(0.10)
Diluted net (loss) income per share	$	(0.02)	$	(0.09)	$	0.09	$	(0.10)

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation for the thirty-nine weeks ended October 1, 2022 amounted to 1,590. For the thirteen weeks ended October 1, 2022 and October 2, 2021, and the 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.