10-Q Filing

MONRO, INC. CIK: 876427 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-347112`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mnro-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 28 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$1.83M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.51M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxReceivable`	-	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxReceivable`	$605.00K	USD	Point-in-time
Inventories	`InventoryNet`	$97.36M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$105.36M	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$11.00M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$10.69M	USD	Point-in-time
Common shares issued	`CommonStockSharesIssued`	36.96M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.57M	USD	Point-in-time
Common shares issued	`CommonStockSharesIssued`	36.86M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.30M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	5.97M	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	5.97M	shares	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$424.43M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$432.01M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$214.81M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$211.43M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$217.21M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$212.99M	USD	Point-in-time
Goodwill	`Goodwill`	$172.26M	USD	Point-in-time
Goodwill	`Goodwill`	$132.66M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$15.17M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$17.23M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.02M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$14.97M	USD	Point-in-time
Total assets	`Assets`	$510.09M	USD	Point-in-time
Total assets	`Assets`	$562.92M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$3.91M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$3.47M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$49.58M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$45.35M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$5.34M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.92M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.09M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$23.64M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$24.62M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$7.04M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$7.05M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.94M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.04M	USD	Point-in-time
Obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$45.50M	USD	Point-in-time
Obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$45.64M	USD	Point-in-time
Other long-term debt	`LongTermDebtNoncurrent`	$42.57M	USD	Point-in-time
Other long-term debt	`LongTermDebtNoncurrent`	$5.66M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$6.08M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$6.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.22M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$6.42M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$6.24M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.94M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$182.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$224.86M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	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`	$368.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$369.00K	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$86.49M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$86.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$121.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$119.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$305.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$297.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$338.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$327.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$562.92M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$510.09M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$169.18M	USD	1 Quarter
Sales	`SalesRevenueServicesNet`	$164.82M	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`	$101.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$70.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$68.11M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$44.67M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$48.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$19.69M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.12M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.44M	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`	$6.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.44M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$6.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.64M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnSaleOfProperty`	$48.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnSaleOfProperty`	$-59.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$618.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$609.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$226.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$26.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-439.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$74.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$338.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$177.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.26M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.16M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.07M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.39M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.12M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$464.00K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$2.48M	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$4.23M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-323.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.14M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.40M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.44M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-400.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-47.00K	USD	1 Quarter
Long-term income taxes payable	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$136.00K	USD	1 Quarter
Long-term income taxes payable	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$351.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$7.14M	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`	$18.78M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.72M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.99M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$50.92M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$32.70M	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.94M	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$54.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.96M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.37M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$97.78M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$51.55M	USD	1 Quarter
Principal payments on long-term debt and capital lease obligations	`RepaymentsOfOtherDebt`	$40.39M	USD	1 Quarter
Principal payments on long-term debt and capital lease obligations	`RepaymentsOfOtherDebt`	$61.85M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$887.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.02M	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`	$226.00K	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$2.50M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$3.17M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.57M	USD	1 Quarter
(Decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.18M	USD	1 Quarter
(Decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.13M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Preferred stock cash dividends per common stock equivalent	`PreferredStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Common stock cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$338.06M	USD	Point-in-time
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$327.50M	USD	Point-in-time
Net income	`NetIncomeLoss`	$15.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$76.00K	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$61.00K	USD	1 Quarter
Common stock cash dividends	`DividendsCommonStockCash`	$3.10M	USD	1 Quarter
Tax benefit from exercise of stock options	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$459.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.02M	USD	1 Quarter
Stock option compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$609.00K	USD	1 Quarter
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$338.06M	USD	Point-in-time
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$327.50M	USD	Point-in-time

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