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

6 Months Ended

Jul. 01, 2023

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				Twenty-Six Weeks Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net (loss) income per share:
Numerator:
Net (loss) income allocable to common shares	$	(671)	$	4,118		380		6,221
Denominator:
Weighted-average common shares outstanding (basic)		56,532		54,210		55,789		53,744
Common equivalent shares from common stock options and restricted stock		—		3,000		2,239		3,571
Weighted-average common shares outstanding (diluted)		56,532		57,210		58,028		57,315
Basic net (loss) income per share	$	(0.01)	$	0.08	$	0.01	$	0.12
Diluted net (loss) income per share	$	(0.01)	$	0.07	$	0.01	$	0.11

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation for the twenty-six weeks ended July 1, 2023 amounted to 2,745, and for the thirteen and twenty-six weeks ended July 2, 2022 amounted to 1,771 and 1,789, respectively. For the thirteen weeks ended July 1, 2023, 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.