<SEC-DOCUMENT>0001193125-13-010961.txt : 20130307
<SEC-HEADER>0001193125-13-010961.hdr.sgml : 20130307
<ACCEPTANCE-DATETIME>20130111180724
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-13-010961
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MONRO MUFFLER BRAKE INC
		CENTRAL INDEX KEY:			0000876427
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING [7500]
		IRS NUMBER:				160838627
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		200 HOLLEDER PKWY
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14615-3808
		BUSINESS PHONE:		7166476400
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<TITLE>CORRESP</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">January&nbsp;11, 2013 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">VIA EDGAR AND OVERNIGHT MAIL </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Ms.&nbsp;Linda Cvrkel </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Branch Chief </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">United States Securities and Exchange Commission
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">100 F Street, N.E.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Judiciary Plaza </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Washington, DC 20549 </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">RE:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Monro Muffler Brake, Inc. (the &#147;Company&#148;) </FONT></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Form 10-K for the Year Ended March&nbsp;31, 2012 </FONT></TD></TR></TABLE>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Filed May&nbsp;30, 2012 </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Form 10-Q for the Quarter
Ended September&nbsp;29, 2012 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Filed November&nbsp;8, 2012 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2">File No. 000-19357 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Dear Ms.&nbsp;Cvrkel: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">On behalf of Monro Muffler Brake, Inc., a New York Corporation, please find below the Company&#146;s response to your comment letter dated December&nbsp;21, 2012. In this letter, references to &#147;we,&#148;
&#147;ours,&#148; &#147;us&#148; and the &#147;Company&#148; refer to Monro Muffler Brake, Inc. The numbered paragraphs below set forth the staff&#146;s comments together with our response. Unless otherwise indicated, capitalized terms used herein
have the meanings assigned to them in the Form 10-K or Form 10-Q. In responding to these comments, the Company acknowledges that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">the Company is responsible for the adequacy and accuracy of the disclosure in our filings; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For your convenience, we have repeated each of the staff&#146;s comments in italics immediately above our responses to each corresponding
comment. Specifically, with regard to such comments: </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I><U>Form 10-K for the Year Ended March&nbsp;31, 2012 </U></I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I><U>Notes to the Financial Statements </U></I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I><U>General </U></I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>1. We note from
your discussion in the Business section that you refer to your stores as either service stores or tire stores with 267 of your 803 designated as tire stores as of March&nbsp;31, 2012. We also note in 2007 you began a program to increase tire and
tire related sales in your service stores (Black Gold initiative) which has been rolled out to 262 of your service stores as of March&nbsp;31, 2012. Further, it appears many of your acquisitions in fiscal 2012 and fiscal 2013 have been related to
entities with a tire focus. In light of the Black Gold initiative and the growing number of company stores more specialized in tire replacement, it appears you may have more than one operating segment. In this regard, we believe you should
reconsider your analysis of your reportable operating segments. Please tell us how you considered the guidance outlined in ASC 280-10-50 in determining your operating segments. After reconsideration, if you continue to believe that aggregation of
your undercar repair and tire services into one segment is appropriate, please provide us support for your conclusion including all reports that were provided to the CODM in fiscal 2012 for segment reporting purposes. We may have further comment
upon receipt of your response. </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Response:</B> For the reasons set forth below, the Company respectfully submits that its operations are
properly classified as one operating segment. The Company has evaluated the guidance provided in ASC 280-10-50, and the Company has broken down its response to correspond to the relevant sections of the guidance. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Section&nbsp;50-1 of ASC 280-10-50 states: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>&#147;An operating segment is a component of a public entity that has all of the following characteristics: </I></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>a.</I></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>It engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the
same public entity).&#148;</I> </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company is engaged in operating over 900 stores that provide a broad range of
automotive repair and tire services. We operate and market our Company primarily under dual store formats and several names which allows us to increase market penetration and share in our existing geographic footprint. These are generally referred
to and designated as &#147;Tire Stores&#148; and &#147;Service Stores&#148;. Tire Stores generally have a higher mix of tire sales than Service Stores. However, this is not always the case. We may have stores of similar size and sales mix within
close proximity to each other and designate one as a Tire Store and the other as a Service Store. This helps us increase market share in a market. As the Company ramped up its expansion efforts, it began
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">
using the two store format to add stores (&#147;tire stores&#148;) in markets that already had a strong presence of Monro branded (&#147;service&#148;) stores, and where, if the Monro name had
been used, would have resulted in unprofitable redundancies in a market. We believe the service and tire stores are homogeneous, offering substantially all the same products and services to the &#147;do-it-for-me&#148; customer. They carry the same
parts, the quantities of which vary only based on the sales mix of a particular store. In addition, all stores operate with a store manager, one or more assistant managers (depending on the size of the store) and several technicians who are all
trained under common training programs. They operate under a set of common policies and procedures, on a common point of sale system, under a uniform operations management structure, and are supported by a common group of staff located primarily in
Rochester, New York. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">All services necessary to operate the business are contracted centrally by this corporate support staff. This would
include facilities and maintenance functions, real estate, risk management, customer service, human resources, data processing and accounting. In addition, purchasing and vendor programs are consolidated across the stores for vendor management, all
parts purchasing and all tire purchasing. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">The goal of the Black Gold initiative was to increase comparable store sales by selling more
tires in stores with lower tire sales mix. This actually creates stores that are more homogenous as this initiative was intended to cause, and has resulted in, more tires being sold in stores whose sales mix traditionally contained a smaller
percentage of tire sales. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>b. &#147;Its operating results are regularly reviewed by the public entity&#146;s chief operating decision
maker to make decisions about resources to be allocated to the segment and assess its performance.&#148;</I> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company believes that
its Chief Executive Officer (&#147;CEO&#148;) is its Chief Decision Maker (&#147;CODM&#148;). The operating results regularly reviewed by the CEO are the consolidated financial statements of the Company. Resources are allocated based on operational
needs under annual consolidated capital and expense budgets approved by the CEO/CODM and the Board of Directors. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">As requested, we have
enclosed reports that the CODM reviews regularly to manage the business. As you will see, in addition to reviewing the consolidated income statement and the consolidated balance sheet on a monthly, quarterly and year-to-date basis, he also reviews
various reports on sales and traffic; consolidated cost of sales including detail on labor, outside purchases, material usage and distribution and occupancy; consolidated information on selling, general and administrative costs; consolidated EBIT
margin; various reports on average selling price, unit sales, mix, current vs. prior period comparable store sales and gross profit information on the various products that the Company sells; and consolidated forecast. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">3 </FONT></P>


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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>c.</I></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>&#147;Its discrete financial information is available.&#148;</I> </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2">Discrete financial information is available down to the store level. The CODM reviews sales at various levels (store, market, zone, and division) on a daily, weekly, and monthly basis, but monitors operating
results on a consolidated basis. Complete financial information to fully evaluate gross margin and results of operations is only available on a consolidated basis. The CODM also does not allocate resources based on individual store sales or results.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Accordingly, the Company believes that its operations are organized and managed as one operating segment and that further disclosure is not warranted
pursuant to ASC 280-10-50. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>Note 2, Acquisitions, page 41 </U></B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><B></B><B><I>2.</I></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>We note from the statement of cash flows it appears that the purchase price of the 2012 acquisitions was material to the balance sheet. Please provide for us and revise
your notes to the financial statements to disclose the total purchase price of the acquisitions, details of the purchase price allocation including the fair value of the assets and liabilities acquired, the amount of goodwill allocated to the
purchase and the reasons the purchase price resulted in goodwill. Your disclosure should also include the revenue and earnings of the combined entity as though the business combinations that occurred during the current year had occurred as of the
beginning of the comparable prior annual reporting period (supplemental pro forma information). See guidance in ASC Topics 805-10-50-2(h), 805-20-50 and 805-30-50. Please note that a purchase price allocation should be provided even if the amounts
are preliminary and may result in additional adjustments.</I></B><B></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Response:</B> The Company respectfully submits that the 2012
acquisitions, individually and in the aggregate, were not material to the Company&#146;s overall operations. The combined sales, pretax income and assets acquired amounted to less than 10% of the Company&#146;s sales, pretax income and assets for
the year, and the aggregate purchase price was less than 10% of assets. Further, we added 32 stores to an existing base of approximately 770 stores, or approximately 4%. Although we believe the acquisitions were not material individually or in the
aggregate, the Company notes that we did disclose the following in the fiscal 2012 10-K: purchase price allocation in Note 15- Supplemental Disclosure of Cash Flow Information and pre-acquisition annual sales in Note 2 to provide the reader with
additional information regarding these acquisitions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">However, respecting the staff&#146;s position and given the expectation that our acquisitions in
fiscal year 2013, while individually immaterial, will be significant in the aggregate due to additional acquisitions made in the quarter ended December&nbsp;29, 2012, we will include the following table related to these acquisitions, as well as the
fiscal 2012 acquisitions, in our fiscal 2013 10-K, and for the quarter ended December&nbsp;29, 2012: </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">4 </FONT></P>


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<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2013</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2012</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B></B>(Dollars&nbsp;in&nbsp;thousands)<B></B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other noncurrent assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total net identifiable assets acquired</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total consideration transferred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: total net identifiable assets acquired</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Goodwill</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">We will also disclose the reasons the purchase price resulted in Goodwill. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Additionally, it should be noted that financial information of the acquired companies generally was not audited or prepared in accordance with GAAP and
accordingly, we did not consider information below sales to be accurate or reliable. Further, when considering acquisitions, we generally do not consider the profitability of the target in our framework for assessing the acquisition, as the prior
owner&#146;s cost structure does not reflect our cost structure. Accordingly, we believe adding this information to a pro forma disclosure would not provide accurate or representative pro forma results for the Company. We have disclosed the sales of
the acquired stores (unaudited) for the prior fiscal year to give the reader an understanding of the size of the acquisition and potential impact on the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>Note 4. Property, Plant and Equipment, page 44 </U></B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>3.</I></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Please review your footnote to disclose depreciation expense for the period in accordance with ASC 360-10-50-1.</I></B> </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Response: </B>In response to the Staff&#146;s comment, in future filings on Form 10-K, the Company will disclose depreciation expense, and will include these
specific disclosures in our fiscal 2013 10-K filing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>Note 5. Goodwill and Intangible Assets, page 45 </U></B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>4.</I></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>We note your disclosure that in fiscal 2012 and 2011, the amount attributable to &#147;other adjustments&#148; relates to purchase accounting adjustments for the fiscal
2011 and 2010 acquisitions, respectively. Please tell us and revise to separately disclose the amount of additional goodwill in 2012 that arose from the 2012 acquisitions and the amount that relates to purchase accounting adjustments for the fiscal
2011 acquisitions. See guidance in ASC 350-20-50-1.</I></B> </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Response: </B>Of the $34,121,000 increase in goodwill during fiscal 2012, $33,800,000 was related to the fiscal
2012 acquisitions and $321,000 was related to the fiscal 2011 acquisitions, when the purchase price allocation was finalized. In future filings on Form 10-K, the Company will disclose these amounts separately, and will include these specific
disclosures in our fiscal year 2013 10-K filing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>Form 10-Q for the Quarter Ended September&nbsp;29, 2012 </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>Note 2. Acquisitions, page 7 </U></B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>5.</I></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>We note that during fiscal 2013 you made several acquisitions which the total purchase price was approximately $57 million. As these acquisitions appear material in the
aggregate to the financial statements, please review to include the disclosures required by ASC 805. These disclosures should include the details of the purchase price allocation including the fair value of the assets and liabilities acquired, the
amount of goodwill allocated to the purchase and the reasons the purchase price resulted in goodwill. Your disclosure should also include the amounts of revenue and earnings of the acquiries since the acquisition date included in the consolidated
income statement for the reporting period, and revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period
(supplemental pro forma information).</I></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Response:</B> The Company respectfully submits that the acquisitions through the quarter
ended September&nbsp;29, 2012, individually and in the aggregate, were not material to the Company&#146;s overall operations. The combined sales, pretax income and assets acquired amounted to less than 10% of the Company&#146;s consolidated balances
and added 55 stores to an existing base of approximately 800 stores (or approximately 7%). Additionally, the purchase price was less than 12% of consolidated assets. Although we believe the acquisitions were not material individually or in the
aggregate, the Company notes that we did disclose the following in the second quarter 10Q: purchase price allocation in Note 6 - Supplemental Disclosure of Cash Flow Information, and pre-acquisition annual sales in Note 2, to provide the reader with
additional information regarding these acquisitions. However, respecting the Staff&#146;s position and given the expectation that our fiscal year 2013 acquisitions will be significant in the aggregate, we will provide additional disclosures as
described in comment #2 above. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">6 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Please feel free to call the undersigned at 585-784-3335 should you have any questions or require additional
information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Sincerely, </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ Catherine D&#146;Amico</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Catherine D&#146;Amico</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Executive Vice President &#150; Finance,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Treasurer and Chief Financial Officer</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">CD:kar </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">CC:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Ms.&nbsp;Claire Erlanger- Securities and Exchange Commission </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2">Ms.&nbsp;Jean Yu- Securities and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Mr.&nbsp;Robert&nbsp;G. Gross &#150; Chairman
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Mr.&nbsp;John&nbsp;W. Van Heel &#150; Chief Executive Officer </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2">Maureen E. Mulholland, Esq. &#150; General Counsel </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Monro Muffler Brake, Inc. Audit Committee Members
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Jeffrey Bowen, Esq. &#150; Harter Secrest&nbsp;&amp; Emery LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:ARIAL" SIZE="2">Mr.&nbsp;Keith Belote &#150; PricewaterhouseCoopers LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Ms.&nbsp;Eileen&nbsp;M. Tometsko- Monro
Muffler Brake, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Mr.&nbsp;Christian&nbsp;M. Snyder- Monro Muffler Brake, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:ARIAL" SIZE="2">Ms.&nbsp;Michelle&nbsp;A. Cohen- Monro Muffler Brake, Inc. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">7 </FONT></P>

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