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Earnings Per Common Share | 12 Months Ended
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Mar. 29, 2014
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 1 0 – EARNINGS PER COMMON SHARE The following is a reconciliation of basic and diluted earnings per common share for the respective years:
|  |  |  | Year Ended Fiscal March
|  |  |  | 2014 |  |  | 2013 |  |  | 2012
|  |  | (Amounts in thousands, except per share data)
Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |
| Net Income | $ | 54,459 |  | $ | 42,567 |  | $ | 54,612
| Less: Preferred stock dividends |  | (334) |  |  | (304) |  |  | (266)
| Income available to common stockholders | $ | 54,125 |  | $ | 42,263 |  | $ | 54,346
Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |
| Weighted average common shares, basic |  | 31,394 |  |  | 31,067 |  |  | 30,716
| Effect of dilutive securities: |  |  |  |  |  |  |  |
|  | Preferred stock |  | 760 |  |  | 760 |  |  | 760
|  | Stock options |  | 488 |  |  | 481 |  |  | 761
| Weighted average common shares, diluted |  | 32,642 |  |  | 32,308 |  |  | 32,237
Basic earnings per common share: | $ | 1.72 |  | $ | 1.36 |  | $ | 1.77
Diluted earnings per common share: | $ | 1.67 |  | $ | 1.32 |  | $ | 1.69
The computation of diluted earnings per common share for fiscal 2014, 2013 and 2012 excludes the effect of assumed exercise of approximately 91,000, 955,000 and 682,000 of stock options, respectively, as the exercise price of these options was great er than the average market value of Monro's Common Stock for those periods, resulting in an anti-dilutive effect on diluted earnings per share.

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