10-Q Filing

MONRO, INC. CIK: 876427 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-210232`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	mnro-20110625.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 32 Cash Flow Statement 64 Stockholders Equity 15

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.18M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$1.82M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.32M	USD	Point-in-time
Inventories	`InventoryNet`	$103.08M	USD	Point-in-time
Inventories	`InventoryNet`	$98.96M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$8.88M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$8.67M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.91M	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.66M	USD	Point-in-time
Common shares issued	`CommonStockSharesIssued`	36.12M	shares	Point-in-time
Common shares issued	`CommonStockSharesIssued`	36.04M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$136.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$128.78M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	5.58M	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	5.58M	shares	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$401.00M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$398.52M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$197.93M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$201.75M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$199.25M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$200.60M	USD	Point-in-time
Goodwill	`Goodwill`	$98.53M	USD	Point-in-time
Goodwill	`Goodwill`	$125.78M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$14.88M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$13.51M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.42M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.00M	USD	Point-in-time
Total assets	`Assets`	$487.89M	USD	Point-in-time
Total assets	`Assets`	$451.84M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$13.03M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$3.05M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$43.78M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$41.30M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$7.94M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$1.13M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.57M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.82M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$21.09M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$21.83M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$6.25M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$6.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.93M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$62.63M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$41.99M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$6.49M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$6.48M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.68M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$4.35M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$4.77M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.07M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$171.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$192.57M	USD	Point-in-time
Class C Convertible Preferred Stock	`PreferredStockConvertibleValue`	$49.00K	USD	Point-in-time
Class C Convertible Preferred Stock	`PreferredStockConvertibleValue`	$49.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$361.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$360.00K	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$72.32M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$72.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$99.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$102.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$253.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$266.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$295.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$280.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$451.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$487.89M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$158.24M	USD	1 Quarter
Sales	`SalesRevenueServicesNet`	$164.82M	USD	1 Quarter
Interest income	`InterestIncomeDomesticDeposits`	$11.00K	USD	1 Quarter
Interest income	`InterestIncomeDomesticDeposits`	$2.00K	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$94.01M	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$92.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$70.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$66.00M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$44.48M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$43.06M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$296.00K	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$359.00K	USD	1 Quarter
(Gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfProperty`	$171.00K	USD	1 Quarter
(Gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfProperty`	$-19.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.38M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.62M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-1.12M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-1.47M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$67.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.22M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.68M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.75M	USD	1 Quarter
(Gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfProperty`	$171.00K	USD	1 Quarter
(Gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfProperty`	$-19.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$632.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$618.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$26.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$460.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$355.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-439.00K	USD	1 Quarter
Increase in trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$47.00K	USD	1 Quarter
Increase in trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$338.00K	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$1.16M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$2.52M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.07M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.39M	USD	1 Quarter
Decrease in intangible assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$-96.00K	USD	1 Quarter
(Increase) decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$576.00K	USD	1 Quarter
(Increase) decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-558.00K	USD	1 Quarter
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$2.41M	USD	1 Quarter
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-2.76M	USD	1 Quarter
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.21M	USD	1 Quarter
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-127.00K	USD	1 Quarter
Increase in federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.44M	USD	1 Quarter
Increase in federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.24M	USD	1 Quarter
(Decrease) increase in other long-term liabilities	`Decreaseincreaseinotherlongtermliabilities`	$-46.00K	USD	1 Quarter
(Decrease) increase in other long-term liabilities	`Decreaseincreaseinotherlongtermliabilities`	$206.00K	USD	1 Quarter
Increase in long-term income taxes payable	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$351.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-441.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$13.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.93M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.77M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.72M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.13M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.11M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$32.70M	USD	1 Quarter
Proceeds from the disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$38.00K	USD	1 Quarter
Proceeds from the disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$54.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.37M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.19M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$49.52M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$51.55M	USD	1 Quarter
Principal payments on long-term debt and capital lease obligations	`RepaymentsOfOtherDebt`	$59.94M	USD	1 Quarter
Principal payments on long-term debt and capital lease obligations	`RepaymentsOfOtherDebt`	$40.39M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$989.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$887.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$26.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$460.00K	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$1.85M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$2.50M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.82M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.57M	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.25M	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.13M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.18M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.18M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Preferred cash dividends per common stock equivalent	`PreferredStockDividendsPerShareCashPaid`	$0.08	USD	1 Quarter
Common stock cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.08	USD	1 Quarter
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$295.32M	USD	Point-in-time
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$280.25M	USD	Point-in-time
Net income	`NetIncomeLoss`	$13.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$-61.00K	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$-46.00K	USD	1 Quarter
Common stock cash dividends	`DividendsCommonStockCash`	$-2.44M	USD	1 Quarter
Tax benefit from exercise of stock options	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$631.00K	USD	1 Quarter
Tax benefit from exercise of stock options	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$1.37M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$887.00K	USD	1 Quarter
Stock option compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$618.00K	USD	1 Quarter
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$295.32M	USD	Point-in-time
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$280.25M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.