| Net Loss Per Share |
Net Loss Per Share
Net loss per share has been computed in accordance with ASC 260 Earnings per Share. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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July 4, 2015 |
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June 28, 2014 |
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July 4, 2015 |
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June 28, 2014 |
Net loss per share: |
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Numerator: |
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Net loss attributable to U.S. Auto Parts |
$ |
(775 |
) |
|
$ |
(2,180 |
) |
|
(835 |
) |
|
(1,979 |
) |
Dividends on Series A Convertible Preferred Stock |
60 |
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|
60 |
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|
120 |
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|
119 |
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Net loss available to common shares |
$ |
(835 |
) |
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$ |
(2,240 |
) |
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$ |
(955 |
) |
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$ |
(2,098 |
) |
Denominator: |
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Weighted-average common shares outstanding (basic) |
33,963 |
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|
33,460 |
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33,842 |
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|
33,422 |
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Common equivalent shares from common stock options and warrants |
— |
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— |
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— |
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— |
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Weighted-average common shares outstanding (diluted) |
33,963 |
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|
33,460 |
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33,842 |
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|
33,422 |
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Basic and diluted net loss per share |
$ |
(0.02 |
) |
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$ |
(0.07 |
) |
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$ |
(0.03 |
) |
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$ |
(0.06 |
) |
The weighted-average anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to the Company's net loss position for the periods then ended (including securities that would otherwise be excluded from the calculation of diluted earnings per share due to the Company's stock price), are as follows (in thousands):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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July 4, 2015 |
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June 28, 2014 |
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July 4, 2015 |
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June 28, 2014 |
Common stock warrants |
50 |
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|
50 |
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|
50 |
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|
50 |
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Series A Convertible Preferred Stock |
4,150 |
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|
4,150 |
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|
4,150 |
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|
4,150 |
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Restricted stock units |
867 |
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|
992 |
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|
850 |
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|
661 |
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Options to purchase common stock |
6,044 |
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5,787 |
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5,878 |
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|
5,675 |
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Total |
11,111 |
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|
10,979 |
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|
10,928 |
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|
10,536 |
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