EX-11 2 ex11.txt EXHIBIT 11 1 Exhibit 11 MONRO MUFFLER BRAKE, INC. STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) Earnings per share for each period was computed by dividing net income for such period by the weighted average number of shares of Common Stock and Common Stock equivalents outstanding during such period. QUARTER ENDED JUNE 30, -------- 2000 1999 ---- ---- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) DILUTED ------- EARNINGS Net income available to common shares $ 3,447 $ 2,693 ======= ======= SHARES Weighted average number of common shares 8,322 8,322 Treasury Stock (119) Assuming conversion of Class C Convertible Preferred Stock 636 636 Dilutive effect of outstanding options 43 19 ------- ------- Total common and common equivalent shares 8,882 8,977 ======= ======= DILUTED EARNINGS PER SHARE $ .39 $ .30 ======= ======= BASIC ----- EARNINGS Net income available to common shares $ 3,447 $ 2,693 ======= ======= SHARES Weighted average number of common shares 8,203 8,322 ======= ======= BASIC EARNINGS PER SHARE $ .42 $ .32 ======= ======= -15-