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

Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share

6 Months Ended

Jun. 30, 2012

Note 8 – Net Loss Per Share

Net loss per share has been computed in accordance with ASC 260 Earnings per Share. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):


	Thirteen Weeks Ended						Twenty-Six Weeks Ended
(unaudited)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Net loss per share:
Numerator:
Net loss	$	(1,696	)	$	(2,564	)	$	(2,484	)	$	(2,810	)
Denominator:
Weighted-average common shares outstanding (basic)		30,650,519			30,543,037			30,644,453			30,496,558
Common equivalent shares from common stock options and warrants		—			—			—			—


Weighted-average common shares outstanding (diluted)		30,650,519			30,543,037			30,644,453			30,496,558


Basic and diluted net loss per share	$	(0.06	)	$	(0.08	)	$	(0.08	)	$	(0.09	)

The weighted-average 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:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(unaudited)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Common stock warrants		50,000		50,000		50,000		50,000
Options to purchase common stock		7,808,507		7,293,001		7,751,657		7,137,593


Total		7,858,507		7,343,001		7,801,657		7,187,593

- Definition

The entire disclosure for earnings per share.

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