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Earnings Per Common Share | 12 Months Ended
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Mar. 25, 2017
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 10 – 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
﻿ |  | 2017 |  | 2016 |  | 2015
﻿ |  | (Amounts in thousands, except per share data)
﻿Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |  |
﻿Net Income |  | $ | 61,526 |  | $ | 66,805 |  | $ | 61,799
﻿Less: Preferred stock dividends |  |  | (447) |  |  | (456) |  |  | (395)
﻿Income available to common stockholders |  | $ | 61,079 |  | $ | 66,349 |  | $ | 61,404
﻿Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |  |
﻿Weighted average common shares, basic |  |  | 32,413 |  |  | 32,026 |  |  | 31,605
﻿Effect of dilutive securities: |  |  |  |  |  |  |  |  |
﻿Preferred stock |  |  | 675 |  |  | 760 |  |  | 760
﻿Stock options |  |  | 213 |  |  | 567 |  |  | 579
﻿Weighted average common shares, diluted |  |  | 33,301 |  |  | 33,353 |  |  | 32,944
﻿Basic earnings per common share: |  | $ | 1.88 |  | $ | 2.07 |  | $ | 1.94
﻿Diluted earnings per common share: |  | $ | 1.85 |  | $ | 2.00 |  | $ | 1.88
﻿ The computation of diluted earnings per common share for fiscal 2017, 201 6 and 201 5 excludes the effect of assumed exercise of approximately 304,000, 171,000 and 145,000 of stock options, respectively, as the exercise price of these options was greater 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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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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