Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.5.0.2
Net Income (Loss) Per Share (Tables)
9 Months Ended
Oct. 01, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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):
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
October 1, 2016
 
October 3, 2015
 
October 1, 2016
 
October 3, 2015
Net income (loss) per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net (loss) income attributable to U.S. Auto Parts
$
(102
)
 
$
8

 
2,084

 
(827
)
Dividends on Series A Convertible Preferred Stock
61

 
61

 
180

 
180

Net (loss) income available to common shares
$
(163
)
 
$
(53
)
 
$
1,904

 
$
(1,007
)
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
34,932

 
34,018

 
34,728

 
33,900

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

 

 
5,195

 

Weighted-average common shares outstanding (diluted)
34,932

 
34,018

 
39,923

 
33,900

Basic net income (loss) per share
$
0.00

 
$
0.00

 
$
0.05

 
$
(0.03
)
Diluted net income (loss) per share
$
0.00

 
$
0.00

 
$
0.05

 
$
(0.03
)
Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share
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):
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
October 1, 2016
 
October 3, 2015
 
October 1, 2016
 
October 3, 2015
Common stock warrants
20

 
50

 
20

 
50

Series A Convertible Preferred Stock
4,150

 
4,150

 

 
4,150

Restricted stock units
967

 
861

 
968

 
853

Options to purchase common stock
1,142

 
6,125

 
2,107

 
5,960

Total
6,279

 
11,186

 
3,095

 
11,013