| Net Income (Loss) Per Share |
Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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July 2, 2016 |
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July 4, 2015 |
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July 2, 2016 |
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July 4, 2015 |
Net income (loss) per share: |
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Numerator: |
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Net income (loss) attributable to U.S. Auto Parts |
$ |
934 |
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|
$ |
(775 |
) |
|
2,186 |
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|
(835 |
) |
Dividends on Series A Convertible Preferred Stock |
60 |
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|
60 |
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|
120 |
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|
120 |
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Net income (loss) available to common shares |
$ |
874 |
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|
$ |
(835 |
) |
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$ |
2,066 |
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|
$ |
(955 |
) |
Denominator: |
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Weighted-average common shares outstanding (basic) |
34,753 |
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|
33,963 |
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|
34,625 |
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|
33,842 |
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Common equivalent shares from common stock options, preferred stock and warrants |
5,254 |
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— |
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|
5,030 |
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— |
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Weighted-average common shares outstanding (diluted) |
40,007 |
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|
33,963 |
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|
39,655 |
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|
33,842 |
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Basic net income (loss) per share |
$ |
0.03 |
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|
$ |
(0.02 |
) |
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$ |
0.06 |
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|
$ |
(0.03 |
) |
Diluted net income (loss) per share |
$ |
0.02 |
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|
$ |
(0.02 |
) |
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$ |
0.05 |
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|
$ |
(0.03 |
) |
The weighted-average anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to the Company's net income available to common shares position for the periods then ended (including securities that would otherwise be excluded from the calculation of diluted earnings per share due to the Company's stock price), are as follows (in thousands):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
|
July 2, 2016 |
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July 4, 2015 |
|
July 2, 2016 |
|
July 4, 2015 |
Common stock warrants |
20 |
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|
50 |
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|
20 |
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|
50 |
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Series A Convertible Preferred Stock |
— |
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|
4,150 |
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|
— |
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|
4,150 |
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Restricted stock units |
981 |
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|
867 |
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|
969 |
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|
850 |
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Options to purchase common stock |
2,141 |
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|
6,044 |
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|
2,393 |
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|
5,878 |
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Total |
3,142 |
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|
11,111 |
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|
3,382 |
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|
10,928 |
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