Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
 3 Months Ended
Apr. 04, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Net income (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 income (loss) per share (in thousands, except per share data):
 
 
Thirteen Weeks Ended
 
April 4, 2015
 
March 29, 2014
Net (loss) income per share:
 
 
 
Numerator:
 
 
 
Net (loss) income attributable to U.S. Auto Parts
$
(60
)
 
$
201

Dividends on Series A Convertible Preferred Stock
60

 
59

Net (loss) income available to common shares
$
(120
)
 
$
142

Denominator:
 
 
 
Weighted-average common shares outstanding (basic)
33,720

 
33,384

Common equivalent shares from common stock options and warrants
—

 
774

Weighted-average common shares outstanding (diluted)
33,720

 
34,158

Basic net (loss) income per share
$
—

 
$
—

Diluted net (loss) income per share
$
—

 
$
—



As we incurred a net loss for the thirteen weeks ended April 4, 2015, we have not computed the diluted earnings per share, as the potentially dilutive securities would have an anti-dilutive effect on earnings. For the thirteen weeks ended March 29, 2014, we excluded certain common stock warrants, Series A Convertible Preferred Stock, and stock options from the calculation of diluted income per share as they would have had an anti-dilutive effect on earnings per share. The weighted-average anti-dilutive securities, which are excluded from the calculation of diluted earnings per share, are as follows (in thousands):
 
Thirteen Weeks Ended
 
April 4, 2015
 
March 29, 2014
Common stock warrants
50

 
20

Series A Convertible Preferred Stock
4,150

 
4,150

Restricted stock units
905

 
—

Options to purchase common stock
5,712

 
3,418

Total
10,817

 
7,588