Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Share-Based Compensation (Tables)

v3.22.0.1
Stockholders' Equity and Share-Based Compensation (Tables)
12 Months Ended
Jan. 01, 2022
Stockholders' Equity and Share-Based Compensation  
Estimated fair value of employee stock purchase rights under the ESPP was determined using the Black-Scholes option pricing model with the following assumptions

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​

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​

​

​

Fiscal Year Ended

​

​

January 1, 2022

Expected life

​

0.5 years

Risk-free interest rate

​

0.05%

Expected volatility

​

86.3%

Expected dividend yield

​

—%

Summary of Stock Option Activity

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​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

    

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​

​

​

​

​

Weighted

​

Average

​

​

​

​

​

​

​

Average

​

Remaining

​

Aggregate 

​

​

​

​

Exercise

​

Contractual

​

Intrinsic

​

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, January 2, 2021

 

6,932

​

$

2.09

 

  

 

​

  

Granted

 

—

​

$

—

 

  

 

​

  

Exercised

 

(2,060)

​

$

1.78

 

  

 

​

  

Cancelled:

 

  

​

 

  

 

  

 

​

  

Forfeited

 

(98)

​

$

4.69

 

  

 

​

  

Expired

 

(9)

​

$

2.91

 

  

 

​

  

Options outstanding, January 1, 2022

 

4,765

​

$

2.17

 

7.00

​

$

43,039

Vested and expected to vest at January 1, 2022

 

4,765

​

$

2.17

 

7.00

​

$

43,039

Options exercisable, January 1, 2022

 

2,662

​

$

2.04

 

6.43

​

$

24,389

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​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

    

​

​

​

​

​

​

Weighted

​

Average

​

​

​

​

​

​

​

Average

​

Remaining

​

Aggregate 

​

​

​

​

Exercise

​

Contractual

​

Intrinsic

​

    

Shares

    

Price

    

Term (in years)

    

Value(1)

Options outstanding, December 28, 2019

 

7,223

​

$

2.76

 

  

 

​

  

Granted

 

2,558

​

$

3.21

 

  

 

​

  

Exercised

 

(2,200)

​

$

1.94

 

  

 

​

  

Cancelled:

 

  

​

 

  

 

  

 

​

  

Forfeited

 

(73)

​

$

4.82

 

  

 

​

  

Expired

 

(576)

​

$

3.69

 

  

 

​

  

Options outstanding, January 2, 2021

 

6,932

​

$

2.09

 

8.10

​

$

71,404

Vested and expected to vest at January 2, 2021

 

6,932

​

$

2.09

 

8.10

​

$

71,404

Options exercisable, January 2, 2021

 

2,591

​

$

1.73

 

7.04

​

$

27,630

(1) These amounts represent the difference between the exercise price and the closing price of CarParts.com, Inc. common stock at the end of the respective fiscal year as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price.
Summary of Assumptions Used

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​

​

​

​

 

Fiscal Year Ended

​

    

January 2, 2021

Expected life

 

5.37 - 5.69 years

Risk-free interest rate

 

0.3% - 1.7%

Expected volatility

 

55.1% - 63.5%

Expected dividend yield

 

—%