Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.2.0.727
Net Loss Per Share (Tables)
6 Months Ended
Jul. 04, 2015
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
 
Twenty-Six Weeks Ended
 
July 4, 2015
 
June 28, 2014
 
July 4, 2015
 
June 28, 2014
Net loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss attributable to U.S. Auto Parts
$
(775
)
 
$
(2,180
)
 
(835
)
 
(1,979
)
Dividends on Series A Convertible Preferred Stock
60

 
60

 
120

 
119

Net loss available to common shares
$
(835
)
 
$
(2,240
)
 
$
(955
)
 
$
(2,098
)
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
33,963

 
33,460

 
33,842

 
33,422

Common equivalent shares from common stock options and warrants

 

 

 

Weighted-average common shares outstanding (diluted)
33,963

 
33,460

 
33,842

 
33,422

Basic and diluted net loss per share
$
(0.02
)
 
$
(0.07
)
 
$
(0.03
)
 
$
(0.06
)
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 loss 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
 
Twenty-Six Weeks Ended
 
July 4, 2015
 
June 28, 2014
 
July 4, 2015
 
June 28, 2014
Common stock warrants
50

 
50

 
50

 
50

Series A Convertible Preferred Stock
4,150

 
4,150

 
4,150

 
4,150

Restricted stock units
867

 
992

 
850

 
661

Options to purchase common stock
6,044

 
5,787

 
5,878

 
5,675

Total
11,111

 
10,979

 
10,928

 
10,536