| Quarterly Information (Unaudited) |
Quarterly Information (Unaudited)
The following quarterly information (in thousands, except per share data) includes all adjustments which management considers necessary for a fair presentation of such information. For interim quarterly financial statements, the provision for income taxes is estimated using the best available information for projected results for the entire year.
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Quarter Ended |
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Quarter Ended |
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March 29, 2014 |
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June 28, 2014 (1) |
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Sep. 27, 2014 (2) |
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Jan. 3, 2015 (3) |
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March 30,
2013 (4) |
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June 29,
2013 (5) |
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Sep. 28,
2013 |
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Dec. 28,
2013 |
Consolidated Statement of Income Data: |
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Net sales |
$ |
68,028 |
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$ |
76,947 |
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$ |
67,965 |
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$ |
70,568 |
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$ |
65,405 |
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$ |
67,889 |
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$ |
61,724 |
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$ |
59,735 |
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Gross profit |
20,701 |
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20,420 |
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18,414 |
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18,915 |
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19,738 |
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19,013 |
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17,907 |
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17,475 |
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Income (loss) from operations |
495 |
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(1,939 |
) |
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(2,216 |
) |
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(2,252 |
) |
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(3,142 |
) |
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(9,342 |
) |
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(1,246 |
) |
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(1,037 |
) |
Income (loss) before income taxes |
233 |
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(2,159 |
) |
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(2,479 |
) |
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(2,543 |
) |
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(3,322 |
) |
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(9,498 |
) |
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(1,398 |
) |
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(1,373 |
) |
Net income (loss) |
201 |
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(2,180 |
) |
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(2,494 |
) |
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(2,613 |
) |
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(3,343 |
) |
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(9,567 |
) |
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(1,399 |
) |
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(1,325 |
) |
Net loss attributable to noncontrolling interests |
— |
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— |
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— |
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(207 |
) |
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— |
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— |
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— |
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— |
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Net loss attributable to U.S. Auto Parts |
$ |
201 |
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$ |
(2,180 |
) |
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$ |
(2,494 |
) |
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$ |
(2,406 |
) |
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$ |
(3,343 |
) |
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$ |
(9,567 |
) |
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$ |
(1,399 |
) |
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$ |
(1,325 |
) |
Basic and diluted net income (loss) per share as reported and adjusted |
$ |
0.00 |
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$ |
(0.07 |
) |
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$ |
(0.08 |
) |
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$ |
(0.07 |
) |
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$ |
(0.11 |
) |
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$ |
(0.29 |
) |
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$ |
(0.04 |
) |
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$ |
(0.04 |
) |
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Shares used in computation of basic net income (loss) per share as reported and adjusted
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33,384 |
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33,460 |
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33,532 |
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33,573 |
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31,141 |
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33,119 |
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33,218 |
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33,308 |
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Shares used in computation of diluted net income (loss) per share as reported and adjusted |
34,158 |
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33,460 |
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33,532 |
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33,573 |
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31,141 |
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33,119 |
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33,218 |
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33,308 |
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(1) |
Included restructuring charges of $625.
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(2) |
Included restructuring charges of $410.
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(3) |
Included restructuring charges of $102.
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(4) |
Included restructuring charges of $498.
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(5) |
Included impairment loss on property and equipment and intangible assets of $4,832 and $1,245, respectively, and restructuring charges of $225.
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