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

Oct. 01, 2011

Net (Loss) Income Per Share [Abstract]

Note 11—Net (Loss) Income Per Share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is applicable only in periods of net income and is computed by dividing net income by the weighted average number of common shares outstanding for the period and potentially dilutive common stock equivalents outstanding for the period. Periods of net loss require the diluted computation to be the same as the basic computation. Due to the loss in the thirteen and thirty-nine weeks ended October 1, 2011, 1,338,450 and 1,558,237 shares, respectively, have been excluded from the computation of diluted net loss per share.

Net loss per share has been computed in accordance with ASC Topic 260, Earnings Per Share. The following table sets forth the computation of basic and diluted net loss income per share (in thousands, except share and per share data):


	Thirteen Weeks Ended October 1, 2011			Thirteen Weeks Ended October 2, 2010			Thirty-Nine Weeks Ended October 1, 2011			Thirty-Nine Weeks Ended October 2, 2010
*Net Loss Per Share*
Numerator:
Net loss	$	(5,308	)	$	(13,039	)	$	(8,118	)	$	(11,030	)
Denominator:
Weighted-average common shares outstanding (basic)		30,571,472			30,357,988			30,521,529			30,225,194

Weighted-average common shares outstanding (diluted)		30,571,472			30,357,988			30,521,529			30,225,194

Basic net loss per share	$	(0.17	)	$	(0.43	)	$	(0.27	)	$	(0.36	)
Diluted net loss per share	$	(0.17	)	$	(0.43	)	$	(0.27	)	$	(0.36	)

Potentially dilutive securities were not included in the calculation of diluted net income per share because these securities would be anti-dilutive due to the Company's stock price. The related securities are as follows (in common equivalent shares):


	Thirteen Weeks Ended October 1, 2011		Thirteen Weeks Ended October 2, 2010		Thirty-Nine Weeks Ended October 1, 2011		Thirty-Nine Weeks Ended October 2, 2010
Warrants to purchase common stock		20,000		20,000		20,000		9,416
Options to purchase common stock		2,674,709		1,559,619		1,970,680		1,432,762

Total		2,694,709		1,579,619		1,990,680		1,442,178