Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Share-Based Compensation (Tables)

v3.20.1
Stockholders' Equity and Share-Based Compensation (Tables)
 12 Months Ended
Dec. 28, 2019
Stockholders' Equity and Share-Based Compensation  
Summary of Stock Option Activity

 

    

 

    

 

 

    

Weighted

    

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, December 29, 2018

 

6,097

 

$

2.69

 

  

 

 

  

Granted

 

4,460

 

$

1.19

 

  

 

 

  

Exercised

 

(304)

 

$

1.51

 

  

 

 

  

Cancelled:

 

 

 

 

  

 

  

 

 

  

Forfeited

 

(1,613)

 

$

2.48

 

  

 

 

  

Expired

 

(1,417)

 

$

3.08

 

  

 

 

  

Options outstanding, December 28, 2019

 

7,223

 

$

2.76

 

6.57

 

$

4,494

Vested and expected to vest at December 28, 2019

 

7,223

 

$

1.78

 

6.57

 

$

4,494

Options exercisable, December 28, 2019

 

3,080

 

$

2.51

 

2.97

 

$

747

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted

    

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, December 30, 2017

 

5,933

 

$

2.91

 

  

 

 

  

Granted

 

1,174

 

$

2.02

 

  

 

 

  

Exercised

 

(6)

 

$

0.99

 

  

 

 

  

Cancelled:

 

  

 

 

  

 

  

 

 

  

Forfeited

 

(188)

 

$

3.10

 

  

 

 

  

Expired

 

(816)

 

$

3.21

 

  

 

 

  

Options outstanding, December 29, 2018

 

6,097

 

$

2.69

 

4.42

 

$

 —

Vested and expected to vest at December 29, 2018

 

6,097

 

$

2.69

 

4.40

 

$

 —

Options exercisable, December 29, 2018

 

3,956

 

$

2.77

 

3.90

 

$

 —

 

These amounts represent the difference between the exercise price and the closing price of U.S. Auto Parts Network, Inc. common stock at the end of the respective fiscal year as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price

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 28, 2019

    

December 29, 2018

 

Expected life

 

5.65 - 5.74 years

 

5.62 - 5.73 years

 

Risk-free interest rate

 

1% - 3%

 

2%  - 3%

 

Expected volatility

 

54% - 58%

 

58%

 

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 28, 2019

    

December 29, 2018

Marketing expense

 

$

551

 

$

185

General and administrative expense

 

 

1,605

 

 

2,984

Fulfillment expense

 

 

1,250

 

 

284

Technology expense

 

 

250

 

 

142

Total share-based compensation expense

 

$

3,656

 

$

3,595