10-Q Filing

MONRO, INC. CIK: 876427 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-310283`
Period End Date	20130630
Filing Date	20130730
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mnro-20130629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 28 Cash Flow Statement 64 Stockholders Equity 13

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.83M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.96M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxReceivable`	$2.34M	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`	$115.05M	USD	Point-in-time
Inventories	`InventoryNet`	$118.21M	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$13.88M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$13.15M	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Common shares issued	`CommonStockSharesIssued`	37.45M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.41M	USD	Point-in-time
Common shares issued	`CommonStockSharesIssued`	37.33M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.41M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	6.07M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$166.41M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	6.07M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$159.74M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$499.89M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$505.33M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$229.03M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$234.35M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$270.98M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$270.86M	USD	Point-in-time
Goodwill	`Goodwill`	$237.24M	USD	Point-in-time
Goodwill	`Goodwill`	$235.29M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$26.33M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$28.52M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$9.32M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.46M	USD	Point-in-time
Total assets	`Assets`	$703.61M	USD	Point-in-time
Total assets	`Assets`	$711.53M	USD	Point-in-time
Current portion of long-term debt, capital leases and financing obligations	`DebtCurrent`	$4.91M	USD	Point-in-time
Current portion of long-term debt, capital leases and financing obligations	`DebtCurrent`	$4.85M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$60.74M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$61.01M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$4.00M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.30M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.25M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$31.35M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$29.50M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$9.25M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$9.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.74M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$136.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$139.02M	USD	Point-in-time
Long-term capital leases and financing obligations	`CapitalLeaseObligationsNoncurrent`	$57.16M	USD	Point-in-time
Long-term capital leases and financing obligations	`CapitalLeaseObligationsNoncurrent`	$58.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$103.97M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$127.85M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$5.87M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$6.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.76M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.99M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.42M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.10M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.96M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$346.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$324.38M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value, 150,000 shares authorized; 32,500 shares issued and outstanding	`PreferredStockConvertibleValue`	$49.00K	USD	Point-in-time
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value, 150,000 shares authorized; 32,500 shares issued and outstanding	`PreferredStockConvertibleValue`	$49.00K	USD	Point-in-time
Common Stock, $.01 par value, 65,000,000 shares authorized; 37,454,060 and 37,327, 967 shares issued at June 29, 2013 and March 30, 2013, respectively	`CommonStockValue`	$375.00K	USD	Point-in-time
Common Stock, $.01 par value, 65,000,000 shares authorized; 37,454,060 and 37,327, 967 shares issued at June 29, 2013 and March 30, 2013, respectively	`CommonStockValue`	$373.00K	USD	Point-in-time
Treasury Stock, 6,073,836 at cost	`TreasuryStockValue`	$90.06M	USD	Point-in-time
Treasury Stock, 6,073,836 at cost	`TreasuryStockValue`	$90.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$135.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$131.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$337.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$327.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$365.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$703.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$711.53M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$169.18M	USD	1 Quarter
Sales	`SalesRevenueServicesNet`	$206.17M	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$127.29M	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$101.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$68.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$78.88M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$48.42M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$55.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$19.69M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-1.81M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-1.30M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$52.00K	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`	$21.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.57M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$6.24M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnSaleOfProperty`	$-59.00K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnSaleOfProperty`	$344.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$609.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$793.00K	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`	$93.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-472.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$74.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$126.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$177.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.26M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.16M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.39M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.41M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.12M	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-267.00K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$4.23M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-866.00K	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`	$7.28M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-573.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-400.00K	USD	1 Quarter
Long-term income taxes payable	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$136.00K	USD	1 Quarter
Long-term income taxes payable	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$-475.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$7.14M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$19.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.53M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.45M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.99M	USD	1 Quarter
Cash paid, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$50.92M	USD	1 Quarter
Cash paid, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.00K	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.94M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.41M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.96M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$61.77M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$97.78M	USD	1 Quarter
Principal payments on long-term debt, capital leases and financing obligations	`RepaymentsOfOtherDebt`	$61.85M	USD	1 Quarter
Principal payments on long-term debt, capital leases and financing obligations	`RepaymentsOfOtherDebt`	$86.89M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.02M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.41M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$226.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$93.00K	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$3.17M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividends`	$3.53M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.00M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.15M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.00K	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.18M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.44M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.44M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Preferred stock cash dividends per common stock equivalent	`PreferredStockDividendsPerShareCashPaid`	$0.11	USD	1 Quarter
Common stock cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.11	USD	1 Quarter
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.23M	USD	Point-in-time
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$365.04M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.57M	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$84.00K	USD	1 Quarter
Preferred stock cash dividends	`DividendsPreferredStockCash`	$76.00K	USD	1 Quarter
Common stock cash dividends	`DividendsCommonStockCash`	$3.45M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.41M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$793.00K	USD	1 Quarter
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.23M	USD	Point-in-time
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$365.04M	USD	Point-in-time

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