CarParts.com, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

6 Months Ended

Jul. 02, 2022

Note 4 – Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data):


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net income (loss) per share:
Numerator:
Net income (loss) allocable to common shares	$	4,118	$	2,072		6,221		(650)
Denominator:
Weighted-average common shares outstanding (basic)		54,210		51,684		53,744		50,222
Common equivalent shares from common stock options and restricted stock		3,000		5,438		3,571		—
Weighted-average common shares outstanding (diluted)		57,210		57,122		57,315		50,222
Basic net income (loss) per share	$	0.08	$	0.04	$	0.12	$	(0.01)
Diluted net income (loss) per share	$	0.07	$	0.04	$	0.11	$	(0.01)

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation for the thirteen and twenty-six weeks ended July 2, 2022 amounted to 1,771 and 1,789, respectively, and amounted to 899 for the thirteen weeks ended July 3, 2021. For the twenty-six weeks ended July 3, 2021, all outstanding potentially dilutive securities have been excluded from the calculation of diluted net loss per share as the effect of including such securities would have been anti-dilutive.