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Stock Ownership | 12 Months Ended
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Mar. 28, 2015
Stock Ownership [Abstract] |
Stock Ownership | NOTE 8 – STOCK OWNERSHIP A summary of the changes in the number of shares of Common Stock, 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 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
Stock options exercised |  | 239,935 |  |  |  | 3,115
Balance at March 29, 2014 |  | 37,567,902 |  | 32,500 |  | 6,076,951
Stock options exercised |  | 439,635 |  |  |  | 103,538
Balance at March 28, 2015 |  | 38,007,537 |  | 32,500 |  | 6,180,489
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 Common Stock from 45,000,000 to 65,000,000. Monro’s shareholders approved the increase at our Annual Shareholders’ meeting on August 7, 2012. 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 preferred stock was $.064 per share at March 28, 2015 and March 29, 2014.

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