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

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 28, 2013

Financial Assets Valued on Recurring Basis

The following table represents our fair value hierarchy and the valuation techniques used for financial assets measured at fair value on a recurring basis:


	As of December 28, 2013
	Total		Level 1		Level 2		Level 3		Valuation Techniques
Assets:
Cash and cash equivalents ⁽¹⁾	$	818	$	818	$	—	$	—	(a)
Investments – mutual funds ⁽²⁾		47		47		—		—	(a)

	$	865	$	865	$	—	$	—


	As of December 29, 2012
	Total		Level 1		Level 2		Level 3		Valuation Techniques
Assets:
Cash and cash equivalents ⁽¹⁾	$	1,030	$	1,030	$	—	$	—	(a)
Investments – mutual funds ⁽²⁾		110		110		—		—	(a)

	$	1,140	$	1,140	$	—	$	—

⁽¹⁾	Cash equivalents consist primarily of money market funds and short-term investments with original maturity dates of three months or less at the date of purchase, for which the Company determines fair value through quoted market prices.

⁽²⁾	Investments consist of mutual funds, classified as short-term investments available-for-sale and recorded at fair market value, based on quoted prices of identical assets that are trading in active markets as of the end of the period for which the values are determined.

Summary of ARPS Activity Measured at Fair Value on Recurring Basis

The following tables present the Company’s ARPS activity measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during fiscal year 2012:


	Level 3 Investments
Balance as of December 31, 2011	$	2,104
Redemption at par value		(2,125	)
Realized gains		21

Balance as of December 29, 2012	$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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