| Schedule of Changes in Company's Ownership Interest in AutoMD |
The table below presents the changes in the Company's ownership interest in AutoMD on the Company's equity as of the dates indicated:
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|
Fiscal Year Ended |
|
|
December 31, 2016 |
|
January 2, 2016 |
|
January 3, 2015 |
Net income (loss) attributable to U.S. Auto Parts stockholders' |
|
$ |
731 |
|
|
$ |
(1,281 |
) |
|
$ |
(6,879 |
) |
Transfers (to) from the noncontrolling interest: |
|
|
|
|
|
|
Increase in U.S. Auto Parts paid-in-capital from sale of AutoMD common stock |
|
— |
|
|
— |
|
|
2,512 |
|
Changes from net income (loss) attributable to U.S. Auto Parts stockholders' and transfers to noncontrolling interest |
|
$ |
731 |
|
|
$ |
(1,281 |
) |
|
$ |
(4,367 |
) |
|
| Summary of Stock Option Activity |
The following tables summarize the Company’s stock option activity under the AutoMD 2014 Equity Incentive Plan (the "AMD Plan") for the fiscal years ended, and details regarding the options outstanding and exercisable at December 31, 2016 and January 2, 2016:
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|
Shares |
|
Weighted
Average
Exercise Price
|
|
Weighted Average
Remaining
Contractual
Term (in years)
|
|
Aggregate
Intrinsic Value |
Options outstanding, January 2, 2016 |
1,430 |
|
|
$ |
1.00 |
|
|
|
|
|
Granted |
10 |
|
|
$ |
1.00 |
|
|
|
|
|
Exercised |
— |
|
|
$ |
— |
|
|
|
|
|
Cancelled: |
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|
|
|
|
|
|
Forfeited |
(35 |
) |
|
$ |
1.00 |
|
|
|
|
|
Expired |
— |
|
|
$ |
— |
|
|
|
|
|
Options outstanding, December 31, 2016 |
1,405 |
|
|
$ |
1.00 |
|
|
8.20 |
|
|
Vested and expected to vest at December 31, 2016 |
1,044 |
|
|
$ |
1.00 |
|
|
8.19 |
|
|
Options exercisable, December 31, 2016 |
632 |
|
|
$ |
1.00 |
|
|
8.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted
Average
Exercise Price
|
|
Weighted Average
Remaining
Contractual
Term (in years)
|
|
Aggregate
Intrinsic Value |
Options outstanding, January 3, 2015 |
180 |
|
|
$ |
1.00 |
|
|
|
|
|
Granted |
1,250 |
|
|
$ |
1.00 |
|
|
|
|
|
Exercised |
— |
|
|
$ |
— |
|
|
|
|
|
Cancelled: |
|
|
|
|
|
|
|
Forfeited |
— |
|
|
$ |
— |
|
|
|
|
|
Expired |
— |
|
|
$ |
— |
|
|
|
|
|
Options outstanding, January 2, 2016 |
1,430 |
|
|
$ |
1.00 |
|
|
9.19 |
|
$ |
— |
|
Vested and expected to vest at January 2, 2016 |
1,061 |
|
|
$ |
1.00 |
|
|
9.19 |
|
$ |
— |
|
Options exercisable, January 2, 2016 |
49 |
|
|
$ |
1.00 |
|
|
8.92 |
|
$ |
— |
|
The following tables summarizes the Company’s stock option activity for the fiscal years ended, and details regarding the options outstanding and exercisable at December 31, 2016, and January 2, 2016:
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|
|
|
|
|
|
|
|
Shares |
|
Weighted
Average
Exercise Price
|
|
Weighted Average
Remaining
Contractual
Term (in years)
|
|
Aggregate
Intrinsic Value(1)
|
Options outstanding, January 2, 2016 |
5,841 |
|
|
$ |
2.80 |
|
|
|
|
|
Granted |
1,000 |
|
|
$ |
3.03 |
|
|
|
|
|
Exercised |
(442 |
) |
|
$ |
2.06 |
|
|
|
|
|
Cancelled: |
|
|
|
|
|
|
|
Forfeited |
(149 |
) |
|
$ |
2.47 |
|
|
|
|
|
Expired |
(122 |
) |
|
$ |
7.66 |
|
|
|
|
|
Options outstanding, December 31, 2016 |
6,128 |
|
|
$ |
2.81 |
|
|
5.74 |
|
$ |
6,561 |
|
Vested and expected to vest at December 31, 2016 |
5,658 |
|
|
$ |
2.82 |
|
|
5.49 |
|
$ |
6,111 |
|
Options exercisable, December 31, 2016 |
4,220 |
|
|
$ |
2.92 |
|
|
4.49 |
|
$ |
4,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted
Average
Exercise Price
|
|
Weighted Average
Remaining
Contractual
Term (in years)
|
|
Aggregate
Intrinsic Value(1)
|
Options outstanding, January 3, 2015 |
5,281 |
|
|
$ |
2.85 |
|
|
|
|
|
Granted |
1,315 |
|
|
$ |
2.24 |
|
|
|
|
|
Exercised |
(301 |
) |
|
$ |
1.45 |
|
|
|
|
|
Cancelled: |
|
|
|
|
|
|
|
Forfeited |
(256 |
) |
|
$ |
2.06 |
|
|
|
|
|
Expired |
(198 |
) |
|
$ |
3.31 |
|
|
|
|
|
Options outstanding, January 2, 2016 |
5,841 |
|
|
$ |
2.80 |
|
|
6.03 |
|
$ |
4,333 |
|
Vested and expected to vest at January 2, 2016 |
5,285 |
|
|
$ |
2.88 |
|
|
5.74 |
|
$ |
3,853 |
|
Options exercisable, January 2, 2016 |
3,735 |
|
|
$ |
3.21 |
|
|
4.54 |
|
$ |
2,479 |
|
|
|
(1) |
These amounts represent the difference between the exercise price and the closing price of U.S. Auto Parts Network, Inc. common stock on December 31, 2016 as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price.
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| Summary of Share-based Compensation from Options, Warrants and Stock Awards |
Share-based compensation from options and RSUs, is included in our consolidated statements of comprehensive operations, as follows:
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|
Fiscal Year Ended |
|
December 31, 2016 |
|
January 2, 2016 |
|
January 3, 2015 |
Marketing expense |
$ |
433 |
|
|
$ |
518 |
|
|
$ |
540 |
|
General and administrative expense |
2,111 |
|
|
1,614 |
|
|
1,476 |
|
Fulfillment expense |
450 |
|
|
241 |
|
|
220 |
|
Technology expense |
137 |
|
|
46 |
|
|
135 |
|
Total share-based compensation expense |
$ |
3,131 |
|
|
$ |
2,419 |
|
|
$ |
2,371 |
|
|