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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 28, 2014

Financial Assets Valued on Recurring Basis for Cash and Cash Equivalents and Investments

The following table represents our fair value hierarchy and the valuation techniques used for cash and cash equivalents and investments (in thousands):


	As of June 28, 2014
	Total		Level 1		Level 2		Level 3		Valuation Techniques
Assets:
Cash and cash equivalents ⁽¹⁾	$	1,675	$	1,675	$	—	$	—		(a	)
Investments – mutual funds ⁽²⁾		786		786		—		—		(a	)

	$	2,461	$	2461	$	—	$	—


	As of December 28, 2013
	Total		Level 1		Level 2		Level 3		Valuation Techniques
Assets:
Cash and cash equivalents ⁽¹⁾	$	818	$	818	$	—	$	—		(a	)
Investments – mutual funds ⁽²⁾		47		47		—		—		(a	)

	$	865	$	865	$	—	$	—

⁽¹⁾	Cash equivalents consist primarily of money market funds and short-term investments with original maturity dates of three months or less at the date of purchase, for which the Company determines fair value through quoted market prices.

⁽²⁾

Investments consist of mutual funds, classified as short-term investments available-for-sale and recorded at fair market value, based on quoted prices of identical assets that are trading in active markets as of the end of the period for which the values are determined. These mutual funds invest in government bonds, stocks and short-term money market funds,

Fair Value Hierarchy and Valuation Techniques Used for Derivative Financial Instruments

The following table represents our fair value hierarchy and the valuation techniques used for derivative financial instruments (in thousands):


	As of June 28, 2014
	Total		Level 1		Level 2		Level 3		Valuation Techniques
Assets:
Foreign exchange contracts ⁽¹⁾	$	0	$	0	$	—	$	—		(b	)
Liabilities:
Foreign exchange contracts⁽¹⁾	$	22	$	0	$	22	$	—		(b	)

⁽¹⁾	Foreign exchange contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional value.