Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Operations

v3.3.1.900
Consolidated Statements of Operations and Comprehensive Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Income Statement [Abstract]      
Net sales $ 291,091 $ 283,508 $ 254,753
Cost of sales [1] 207,657 205,058 180,620
Gross profit 83,434 78,450 74,133
Operating expenses:      
Marketing 43,279 42,008 41,045
General and administrative 16,509 16,701 17,567
Fulfillment 20,237 20,368 18,702
Technology 5,000 4,863 5,128
Amortization of intangible assets 464 422 381
Impairment loss on property and equipment 0 0 4,832
Impairment loss on intangible assets 0 0 1,245
Total operating expenses 85,489 84,362 88,900
Loss from operations (2,055) (5,912) (14,767)
Other income (expense):      
Other income, net 36 65 148
Interest expense (1,216) (1,101) (972)
Total other expense, net (1,180) (1,036) (824)
Loss before income taxes (3,235) (6,948) (15,591)
Income tax (benefit) provision (811) 138 43
Net loss including noncontrolling interests (2,424) (7,086) (15,634)
Net loss attributable to noncontrolling interests (1,143) (207) 0
Net loss attributable to U.S. Auto Parts (1,281) (6,879) (15,634)
Other comprehensive income attributable to U.S. Auto Parts, net of tax:      
Foreign currency translation adjustments 36 20 55
Actuarial loss on defined benefit plan 44 (106) 0
Unrealized gains on investments 0 0 7
Total other comprehensive income (loss) attributable to U.S. Auto Parts 80 (86) 62
Comprehensive loss attributable to U.S. Auto Parts $ (1,201) $ (6,965) $ (15,572)
Basic and diluted net loss per share (in dollars per share) $ (0.04) $ (0.21) $ (0.48)
Shares used in computation of basic and diluted net loss per share (in shares) 33,946 33,489 32,697
[1] Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense as described in “Note 1 – Summary of Significant Accounting Policies and Nature of Operations”