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Stock Ownership | 12 Months Ended
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Mar. 30, 2013
Stock Ownership [Abstract] |
Stock Ownership | NOTE 9 – STOCK OWNERSHIP A summary of the changes in the number of shares of C ommon S tock, Class C preferred stock and treasury stock is as follows:
|  |  | Class C |  |
| Common |  | Convertible |  |
| Stock |  | Preferred |  | Treasury
| Shares |  | Stock Shares |  | Stock
| Issued |  | Issued |  | Shares
Balance at March 27, 2010 | 23,646,460 |  | 32,500 |  | 3,682,429
Shares issued in connection with three-for-two stock split | 11,983,603 |  |  |  | 1,859,328
Stock options exercised | 408,601 |  |  |  | 36,227
Balance at March 26, 2011 | 36,038,664 |  | 32,500 |  | 5,577,984
Stock options exercised | 816,594 |  |  |  | 390,007
Balance at March 31, 2012 | 36,855,258 |  | 32,500 |  | 5,967,991
Stock options exercised | 472,709 |  |  |  | 105,845
Balance at March 30, 2013 | 37,327,967 |  | 32,500 |  | 6,073,836
In March 2012, Monro's Board of Directors approved a resolution to amend Monro's Restated Certificate of Incorporation, subject to shareholder approval, to increase the number of authorized shares of C ommon S tock from 45,000,000 to 65,000,000. Monro's shareholders approved the increase at our Annual Shareholders' meeting on August 7, 2012. In November 2010, the Board of Directors authorized a three-for-two stock split that was paid on December 23, 2010 to shareholders of record as of December 13, 2010. All share amounts have been adjusted for this stock split. Holders of at least 60% of the Class C preferred stock must approve any action authorized by the holders of Common Stock. In addition, there are certain restrictions on the transferability of shares of Class C preferred stock. In the event of a liquidation, dissolution or winding-up of Monro, the holders of the Class C preferred stock would be entitled to receive $1.50 per share out of the assets of Monro before any amount would be paid to holders of Common Stock. The conversion value of the Class C convertible prefer red stock wa s $.0 6 4 per share at March 30, 2013 and March 31, 2012.

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