Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share (Tables)

v3.7.0.1
Net Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
 
 
Fiscal Year Ended
 
December 31, 2016

January 2, 2016

January 3, 2015
Net income (loss) per share:
 
 
 
 
 
Numerator:
 
 
 
 
 
Net income (loss) attributable to U.S. Auto Parts
$
731

 
$
(1,281
)
 
$
(6,879
)
Dividends on Series A Convertible Preferred Stock
(241
)
 
(241
)
 
(240
)
Net income (loss) available to common shares
$
490

 
$
(1,522
)
 
$
(7,119
)
Denominator:
 
 
 
 
 
Weighted-average common shares outstanding (basic)
34,765

 
33,946

 
33,489

Common equivalent shares from common stock options,
preferred stock and warrants
1,442

 
—

 
—

Weighted-average common shares outstanding (diluted)
36,207

 
33,946

 
33,489

Basic net income (loss) per share
$
0.01

 
$
(0.04
)
 
$
(0.21
)
Diluted net income (loss) per share
$
0.01

 
$
(0.04
)
 
$
(0.21
)
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 the Company’s net loss position for the periods then ended (including securities that would otherwise be excluded from the calculation of diluted earnings per share due the Company’s stock price), are as follows (in thousands):
 
 
Fiscal Year
 
December 31, 2016
 
January 2, 2016
 
January 3, 2015
Common stock warrants
20

 
50

 
50

Series A Convertible Preferred Stock
4,150

 
4,150

 
4,150

Options to purchase common stock
2,142

 
5,941

 
5,467

Restricted Stock Units
—

 
839

 
796

Total
6,312

 
10,980

 
10,463