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

Sep. 30, 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				Thirty-Nine Weeks Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Net (loss) income per share:
Numerator:
Net (loss) income allocable to common shares	$	(2,517)	$	(948)		(2,137)		5,273
Denominator:
Weighted-average common shares outstanding (basic)		57,179		54,481		56,252		54,009
Common equivalent shares from common stock options and restricted stock		—		—		—		3,274
Weighted-average common shares outstanding (diluted)		57,179		54,481		56,252		57,283
Basic net (loss) income per share	$	(0.04)	$	(0.02)	$	(0.04)	$	0.10
Diluted net (loss) income per share	$	(0.04)	$	(0.02)	$	(0.04)	$	0.09

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 and thirty-nine weeks ended September 30, 2023 and the thirteen weeks ended October 1, 2022, 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.