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

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

12 Months Ended

Jan. 02, 2021

Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net loss per share:


	Fiscal Year Ended
	January 2, 2021		December 28, 2019
Net loss per share:
Numerator:
Net loss	$	(1,513)	$	(31,548)
Dividends on Series A Convertible Preferred Stock		(71)		(161)
Net loss allocable to common shares	$	(1,584)	$	(31,709)
Denominator:
Weighted-average common shares outstanding (basic and diluted)		42,333		35,720
Basic and diluted net loss per share	$	(0.04)	$	(0.89)

Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share

The anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to their anti-dilutive effect are as follows (in thousands):


	Fiscal Year Ended
	January 2, 2021	December 28, 2019
Performance stock units	—	1
Restricted stock units	42	43
Series A Convertible Preferred Stock (a)	1,251	2,771
Options to purchase common stock	166	6,532
Total	1,459	9,347

On June 19, 2020, each outstanding share of the Series A Convertible Preferred Stock (“Preferred Stock”) automatically converted to one share of the Company’s common stock. This automatic conversion was required pursuant to Section 4 of the Preferred Stock purchase agreement (dated March 25, 2013) because the volume weighted average price for the common stock price was equal to, or exceeded, $4.35 for 30 consecutive trading days. The Company issued an aggregate of 2,620,687 shares of common stock in connection with the automatic conversion