CarParts.com, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Share-Based Compensation (Tables)

Stockholders' Equity and Share-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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 30, 2017, and December 31, 2016:



	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾
Options outstanding, December 31, 2016	6,129		$	2.81
Granted	1,445		$	3.34
Exercised	(1,074	)	$	1.67
Cancelled:
Forfeited	(161	)	$	2.16
Expired	(406	)	$	6.50
Options outstanding, December 30, 2017	5,933		$	2.91	6.28	$	1,337
Vested and expected to vest at December 30, 2017	5,933		$	2.91	6.28	$	1,337
Options exercisable, December 30, 2017	3,704		$	2.78	4.79	$	1,236



	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	(121	)	$	7.66
Options outstanding, December 31, 2016	6,129		$	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


(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 30, 2017 as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price.

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 30, 2017 and December 31, 2016:



	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Options outstanding, December 31, 2016	1,405		$	1.00
Granted	—		$	—
Exercised	—		$	—
Cancelled:
Forfeited	(1,405	)	$	1.00
Expired	—		$	—
Options outstanding, December 30, 2017	—		$	—	0.00	$	—
Vested and expected to vest at December 30, 2017	—		$	—	0.00	$	—
Options exercisable, December 30, 2017	—		$	—	0.00	$	—



	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:
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	$	—

Summary of Assumptions Used

The fair value of each option grant, excluding those options issued from the stock option exchange program as discussed above, was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions for each of the periods ended:



	Fiscal Year Ended
	December 30, 2017	December 31, 2016	January 2, 2016
Expected life	5.54 - 5.70 years	5.57 - 5.61 years	5.34 - 5.52 years
Risk-free interest rate	2%	1% - 2%	1% - 2%
Expected volatility	59% - 61%	60% - 61%	59% - 60%
Expected dividend yield	—%	—%	—%

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:



	Fiscal Year Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Marketing expense	$	426	$	433	$	518
General and administrative expense	1,906		2,111		1,614
Fulfillment expense	372		450		241
Technology expense	138		137		46
Total share-based compensation expense	$	2,842	$	3,131	$	2,419