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

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Share-Based Compensation (Tables)

Stockholders' Equity and Share-Based Compensation (Tables)

6 Months Ended

Jun. 29, 2013

Stockholders' Equity and Share-Based Compensation [Abstract]

The following table summarizes the Company’s stock option activity for the twenty-six weeks ended June 29, 2013, and details regarding the options outstanding and exercisable at June 29, 2013:


	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value ⁽¹⁾
Options outstanding, December 29, 2012		7,428		$	5.13		6.23
Granted		30		$	1.28
Exercised		(17	)	$	1.31
Expired		(77	)	$	4.71
Forfeited		(174	)	$	3.31

Options outstanding, June 29, 2013		7,190		$	5.17		5.63	$	—
Vested and expected to vest at June 29, 2013		6,986		$	5.20		5.54	$	—
Options exercisable, June 29, 2013		6,099		$	5.19		5.14	$	—

⁽¹⁾	These amounts represent the difference between the exercise price and the closing price of U.S. Auto Parts Network, Inc. stock on June 29, 2013 as reported on the NASDAQ National Market, for all options outstanding that have an exercise price currently below the closing price.

Summary of assumptions used for fair value of option grant

The fair value of each option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions for each of the periods ended:


	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	June 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Expected life	5.73 years	5.73 years	5.73 years	5.73 years
Risk-free interest rate	1.7%	1.0%	1.0% – 1.7%	1.0% – 1.2%
Expected volatility	73%	74%	72% – 73 %	73% – 74%
Expected dividend yield	0%	0%	0%	0%

Summary of share-based compensation from options, warrants and stock awards

Share-based compensation from options, warrants and stock awards, is included in our consolidated statements of comprehensive operations, as follows:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Marketing expense	$	69	$	152	$	153	$	196
General and administrative expense		220		155		502		577
Fulfillment expense		25		43		56		136
Technology expense		27		24		39		49

Total share-based compensation expense	$	341	$	374	$	750	$	958