10-Q Filing

MONRO, INC. CIK: 876427 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001562762-17-000116`
Period End Date	20170630
Filing Date	20170803
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mnro-20170624.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 28 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Class C convertible preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$1.50	USD	Point-in-time
Class C convertible preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$1.50	USD	Point-in-time
Class C convertible preferred stock, conversion value	`PreferredStockConversionRate`	$0.06	USD	Point-in-time
Class C convertible preferred stock, conversion value	`PreferredStockConversionRate`	$0.06	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.99M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.55M	USD	Point-in-time
Class C convertible preferred stock shares authorized	`PreferredStockSharesAuthorized`	150,000.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.72M	USD	Point-in-time
Class C convertible preferred stock shares authorized	`PreferredStockSharesAuthorized`	150,000.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.99M	USD	Point-in-time
Class C convertible preferred stock shares issued	`PreferredStockSharesIssued`	21,802.00	shares	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$11.46M	USD	Point-in-time
Trade receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.40M	USD	Point-in-time
Class C convertible preferred stock shares issued	`PreferredStockSharesIssued`	21,802.00	shares	Point-in-time
Class C convertible preferred stock shares outstanding	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$3.53M	USD	Point-in-time
Class C convertible preferred stock shares outstanding	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$142.60M	USD	Point-in-time
Inventories	`InventoryNet`	$146.11M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.64M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.89M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	39.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$200.95M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	39.05M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$199.23M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$713.00M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	6.32M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	6.32M	shares	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$725.78M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$318.37M	USD	Point-in-time
Less - Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$326.42M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$394.63M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$399.36M	USD	Point-in-time
Goodwill	`Goodwill`	$506.36M	USD	Point-in-time
Goodwill	`Goodwill`	$501.74M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$54.29M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$51.82M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.33M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.82M	USD	Point-in-time
Long-term deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$22.36M	USD	Point-in-time
Long-term deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$24.05M	USD	Point-in-time
Total assets	`Assets`	$1.19B	USD	Point-in-time
Total assets	`Assets`	$1.19B	USD	Point-in-time
Current portion of long-term debt, capital leases and financing obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$15.30M	USD	Point-in-time
Current portion of long-term debt, capital leases and financing obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$15.59M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$91.61M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$79.49M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$4.38M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.98M	USD	Point-in-time
Accrued payroll, payroll taxes and other payroll benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.61M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$37.43M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$35.33M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$11.10M	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$10.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$197.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.89M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$182.34M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$158.00M	USD	Point-in-time
Long-term capital leases and financing obligations	`CapitalLeaseObligationsNoncurrent`	$213.17M	USD	Point-in-time
Long-term capital leases and financing obligations	`CapitalLeaseObligationsNoncurrent`	$219.16M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$5.04M	USD	Point-in-time
Accrued rent expense	`AccruedRentNoncurrent`	$5.03M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.14M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.44M	USD	Point-in-time
Long-term income taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$597.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$604.01M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value; 150,000 shares authorized; 21,802 shares issued and outstanding	`PreferredStockConvertibleValue`	$33.00K	USD	Point-in-time
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value; 150,000 shares authorized; 21,802 shares issued and outstanding	`PreferredStockConvertibleValue`	$33.00K	USD	Point-in-time
Common Stock, $.01 par value, 65,000,000 shares authorized; 39,045,366 and 39,012,189 shares issued at June 24, 2017 and March 25, 2017, respectively	`CommonStockValue`	$390.00K	USD	Point-in-time
Common Stock, $.01 par value, 65,000,000 shares authorized; 39,045,366 and 39,012,189 shares issued at June 24, 2017 and March 25, 2017, respectively	`CommonStockValue`	$390.00K	USD	Point-in-time
Treasury Stock, 6,322,417 shares, at cost	`TreasuryStockValue`	$106.21M	USD	Point-in-time
Treasury Stock, 6,322,417 shares, at cost	`TreasuryStockValue`	$106.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$191.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$510.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$498.65M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$581.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.95M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$278.49M	USD	1 Quarter
Sales	`SalesRevenueServicesNet`	$235.29M	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$165.61M	USD	1 Quarter
Cost of sales, including distribution and occupancy costs	`CostOfSalesIncludingDistributionAndOccupancyCosts`	$137.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$98.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$112.88M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$79.14M	USD	1 Quarter
Operating, selling, general and administrative expenses	`OperatingSellingGeneralAndAdministrativeExpenses`	$66.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.75M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-4.49M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNet`	$-5.74M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$154.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.02M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.96M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Changes in pension, net of tax benefit	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$50.00K	USD	1 Quarter
Changes in pension, net of tax benefit	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$81.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.67M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$10.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$11.84M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$121.00K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-147.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$488.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$642.00K	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.19M	USD	1 Quarter
Net change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.77M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$223.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$896.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.81M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.40M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.40M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-672.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-997.00K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-10.01M	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$12.11M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.43M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.15M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.91M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.05M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-342.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherLongTermLiabilities`	$-45.00K	USD	1 Quarter
Long-term income taxes payable	`LongTermIncomeTaxesPayablePeriodIncreaseDecrease`	$270.00K	USD	1 Quarter
Long-term income taxes payable	`LongTermIncomeTaxesPayablePeriodIncreaseDecrease`	$228.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$4.95M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$23.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$41.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.74M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.97M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.36M	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$79.00K	USD	1 Quarter
Proceeds from the disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$93.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-55.48M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.61M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$80.31M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromBankDebt`	$132.63M	USD	1 Quarter
Principal payments on long-term debt, capital leases and financing obligations	`RepaymentsOfOtherDebt`	$98.14M	USD	1 Quarter
Principal payments on long-term debt, capital leases and financing obligations	`RepaymentsOfOtherDebt`	$108.25M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.64M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$653.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$5.98M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$5.62M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$30.51M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.27M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.44M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.26M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.99M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.55M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.72M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.99M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.99M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.55M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.72M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.99M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Common stock cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.18	USD	1 Quarter
Pension liability adjustment - pre-tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-80.00K	USD	1 Quarter
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$581.25M	USD	Point-in-time
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.95M	USD	Point-in-time
Beginning balance, preferred shares	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time
Beginning balance, preferred shares	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time
Net income	`NetIncomeLoss`	$17.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Pension liability adjustment ($80) pre-tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$50.00K	USD	1 Quarter
Pension liability adjustment ($80) pre-tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$81.00K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStockCash`	$129.00K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStockCash`	$92.00K	USD	1 Quarter
Common dividends	`DividendsCommonStockCash`	$5.89M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$653.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$488.00K	USD	1 Quarter
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$581.25M	USD	Point-in-time
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.95M	USD	Point-in-time
Ending balance, preferred shares	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time
Ending balance, preferred shares	`PreferredStockSharesOutstanding`	21,802.00	shares	Point-in-time

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