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

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jan. 03, 2015	Dec. 28, 2013	Dec. 29, 2012
Operating activities
Net loss including noncontrolling interests	$ (7,086)us-gaap_ProfitLoss	$ (15,634)us-gaap_ProfitLoss	$ (35,978)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expense	8,923	12,175	15,204
Amortization of intangible assets	422us-gaap_AmortizationOfIntangibleAssets	381us-gaap_AmortizationOfIntangibleAssets	1,189us-gaap_AmortizationOfIntangibleAssets
Deferred income taxes	74us-gaap_DeferredIncomeTaxExpenseBenefit	59us-gaap_DeferredIncomeTaxExpenseBenefit	(875)us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation expense	2,371us-gaap_ShareBasedCompensation	1,263us-gaap_ShareBasedCompensation	1,673us-gaap_ShareBasedCompensation
Stock awards issued for non-employee director service	0	31	53
Impairment loss on goodwill	0us-gaap_GoodwillImpairmentLoss	0us-gaap_GoodwillImpairmentLoss	18,854us-gaap_GoodwillImpairmentLoss
Impairment loss on property and equipment	0	4,832	1,960
Impairment loss on intangible assets	0	1,245	5,613
Amortization of deferred financing costs	81us-gaap_AmortizationOfFinancingCosts	81us-gaap_AmortizationOfFinancingCosts	94us-gaap_AmortizationOfFinancingCosts
Loss on debt extinguishment	0	0	360
Loss (gain) from disposition of assets	(96)us-gaap_GainLossOnDispositionOfAssets	(35)us-gaap_GainLossOnDispositionOfAssets	14us-gaap_GainLossOnDispositionOfAssets
Changes in operating assets and liabilities:
Accounts receivable	1,105	2,403	491
Inventory	(11,412)us-gaap_IncreaseDecreaseInInventories	5,740us-gaap_IncreaseDecreaseInInventories	9,520us-gaap_IncreaseDecreaseInInventories
Other current assets	471	954	(618)
Other non-current assets	(39)	(213)	(281)
Accounts payable and accrued expenses	6,992	(11,833)	(14,912)
Other current liabilities	(302)	(1,054)	(2,964)
Other non-current liabilities	(261)	472	203
Net cash provided by (used in) operating activities	1,243	867	(400)
Investing activities
Additions to property and equipment	(5,556)	(8,325)	(10,155)
Proceeds from sale of property and equipment	27	47	14
Cash paid for intangibles	(200)	0	(34)
Proceeds from sale of marketable securities and investments	745	52	3,171
Purchases of marketable securities and investments	(746)us-gaap_PaymentsToAcquireInvestments	(7)us-gaap_PaymentsToAcquireInvestments	(8)us-gaap_PaymentsToAcquireInvestments
Purchases of company-owned life insurance	0	(106)	(166)
Net cash used in investing activities	(5,730)	(8,339)	(7,178)
Financing activities
Proceeds from revolving loan payable	19,506us-gaap_ProceedsFromLinesOfCredit	19,561us-gaap_ProceedsFromLinesOfCredit	26,731us-gaap_ProceedsFromLinesOfCredit
Payments made on revolving loan payable	(15,258)us-gaap_RepaymentsOfLinesOfCredit	(29,008)us-gaap_RepaymentsOfLinesOfCredit	(10,509)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from sale-leaseback transaction	0	9,584	0
Payments made on long-term debt	0us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt	(17,875)us-gaap_RepaymentsOfLongTermDebt
Payment of debt extinguishment costs	0	0	(175)
Payments of debt financing costs	0us-gaap_PaymentsOfFinancingCosts	0us-gaap_PaymentsOfFinancingCosts	(407)us-gaap_PaymentsOfFinancingCosts
Proceeds from issuance of Series A convertible preferred stock	0	6,017	0
Payment of issuance costs from Series A convertible preferred stock	0	(847)	0
Proceeds from issuance of common stock	0	2,235	0
Payment of issuance costs from common stock	0us-gaap_PaymentsOfStockIssuanceCosts	(244)us-gaap_PaymentsOfStockIssuanceCosts	0us-gaap_PaymentsOfStockIssuanceCosts
Proceeds from sale of equity in subsidiary	7,000	0	0
Payments on capital leases	(232)	(198)	(137)
Proceeds from exercise of stock options	295	183	636
Other	0	(64)	0
Net cash provided by (used in) financing activities	11,311	7,219	(1,736)
Effect of exchange rate changes on cash	11	41	9
Net change in cash and cash equivalents	6,835	(212)	(9,305)
Cash and cash equivalents, beginning of period	818	1,030	10,335
Cash and cash equivalents, end of period	7,653	818	1,030
Supplemental disclosure of non-cash investing and financing activities:
Accrued asset purchases	1,232	736	1,803
Property acquired under capital lease	0us-gaap_CapitalLeaseObligationsIncurred	322us-gaap_CapitalLeaseObligationsIncurred	104us-gaap_CapitalLeaseObligationsIncurred
Unrealized gain on investments	0us-gaap_UnrealizedGainLossOnInvestments	7us-gaap_UnrealizedGainLossOnInvestments	26us-gaap_UnrealizedGainLossOnInvestments
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	60us-gaap_IncomeTaxesPaid	43us-gaap_IncomeTaxesPaid	0us-gaap_IncomeTaxesPaid
Cash paid during the period for interest	$ 1,029us-gaap_InterestPaid	$ 884us-gaap_InterestPaid	$ 495us-gaap_InterestPaid